Many people want to convert currency with crypto / bitcoin or bitcoin to currency or another altcoin. But did not find the best exchange. In my post this time listed the best 2 Best Bitcoin / Crypto (My Choices). It would be hard to find a safe crypto exchange, so I have listed the 2 BEST exchanger. [Warning: I don't responsible for any lost of your money,you can choose a trusted site you want] Just 2 for now I want to share,maybe another post
You should consider a number of parameters to judge and find out the
best Bitcoin/cryptocurrency exchange:
- How safe is the website and server? Secure exchanges are better.
- High liquidity.
- Transaction fee structure of the exchange like fixed fees, percentage
fees and spread. - Whether exchange provides transparent data of coins transactions, prices,
and volumes? - How many and which currency pairs are available to trade Bitcoin, for
example USD, Euros, and other fiat /government issued currencies, or
Altcoins? - Multiple options to buy Bitcoin like PayPal, credit card, etc.
- Are customers happy?
- Beginner-friendliness.
- Good user ratings.
1.Coinbase
Coinbase is considered by many as the best exchange for cryptocurrencies like Bitcoin, Ethereum, and Litecoin. It has own associated wallet with Android and iOS apps. Some of the users have complained of privacy violations.Coinbase was founded in 2012. It is headquartered in San Francisco, California. It allows the users to make recurring purchases to invest in various cryptocurrencies. It is one of the most renowned cryptocurrency exchanges in the world. Coinbase was founded by Brian Armstrong and Fred Ehsram in 2012.
Coinbase is the largest Bitcoin exchange in the world. Coinbase has 10.6 million customers with more than $20 billion in digital currencies exchanged. It has approximately daily Bitcoin volume of $40,000,000. It supports 32 countries across the world. It exchanges Bitcoin and other cryptocurrencies like Ethereum and Litecoin.Coinbase created GDAX i.e. the Global Digital Asset Exchange in 2014. GDAX was specifically developed for the professionals who are having high volumes of trading of cryptocurrencies.
Coinbase offer following service and facilities:
- Digital currency wallet, after you sign up as a user. It allows you to store digital currency securely.
- Connecting your credit card, debit card, or bank account. It facilitate you to exchange digital currency into and out of your local currency. It speeds up your transactions.
- Mobile Wallet which works on your iPhone or Android.
- Insurance protection for the digital currency stored on the Coinbase servers.
- Instant exchange of digital currencies which you can send and receive and get it instantly changed to your local currency.
- Secure offline storage is used to store the huge amount of the digital currencies.
- Multi-signature vault is offered to you so that you can have full control of your private keys.
- Scheduling is provided for your buys on weekly or monthly basis for spreading your investments in digital currencies over a period of time to average out the cost.
- Coinbase Merchants facility allows you to accept payments from anywhere in the world. You also have to pay low transaction fees.
- Charting facility for graphical presentation and analysis of the price movements of the cryptocurrencies.
- A streamlined user interface which is very good for use by new traders.
- Fast trades for cryptocurrency exchange transactions.
- Support to several fiat currencies such as US Dollars, Euros, Canadian Dollars, Australian Dollars, Singapore Dollars and British Pounds.
- Low fee for transactions.
Many of these services and facilities are not offered by the other cryptocurrency exchanges.
Pros:
- High liquidity for the users.
- Easy process to buy Bitcoin, Ethereum, and Litecoin.
- Instant purchase available with your credit card as backup.
- Integrated debit and credit cards.
- Newbie friendly.
- It is well integrated into the US banking system.
- Robust security features like two-factor authentication, customized daily transaction limits, encrypted passwords, email encryption, over 97 percent of coins kept in cold storage, the private keys used for authorization of cold storage transactions held in fragments between offline hard drives and paper in different locations, etc.
- Easier to use than Kraken.
Cons:
- Limited payment methods as compared to other cryptocurrency exchanges.
- Possibilities of manipulation, as Coinbase may track how you spend or use Bitcoin, Ethereum, and Litecoin.
- Verification causes delay and hassles, which are against the spirit of cryptocurrencies, e.g., ease of transactions and anonymity.
- Incidents of malfunctioning of Coinbase system/platform.
- It supports only a few currencies like USD, CAD, EUR, GBP, SGD, and AUD.
- Limits imposed on transactions like daily limits, payment method limits, etc.
- Coinbase does not offer margin trading, futures and derivatives trading, or short selling.
- The personal data collected by Coinbase, may be misused. There have been allegation of major privacy violations against Coinbase in the past.
- Some of the users complain of glitches in the website.
- IRS may be looking into Coinbase users’ activities.
All said and done, Coinbase faces the issues related to cryptocurrencies in general like legal issues, regulatory compliance, lack of government recognition, etc. Any systemic issue affecting cryptocurrencies would equally affect Coinbase also. The specter of government clamp down still looms large on the cryptocurrencies including Coinbase.Yet, Coinbase remains one of the best cryptocurrency exchanges with many advantages over its peers. It is good for users on the basis of various criteria.
- Changelly charges 0.5% per trade.
- All that’s required to exchange coins is an email address.
- Your exchange is usually processed and converted within 5-30 minutes
- Changelly is a rather new company although there have been no incidents of issues.Since Changelly only holds your money for a very short period, it’s likely that users would alert the community if Changelly were to be acting malicious.
- Changelly offers support via email at [email protected].
- Changelly accepts payments in nearly any cryptocurrency and you can receive payout in any other cryptocurrency.They also allow you to buy coins with credit card or debit card, but we do not recommend this since the rates for cards are very high.
Changelly VS Shapeshift
Both exchanges are very similar and work the same way. Changelly has slightly lower fees and higher limits. Shapeshift requires no information, while Changelly requires an email address for signup.We do not see a huge difference between the two and suggest users try both Changelly and Shapeshift to see which they prefer.
Thats for now, BYE!
Source: https://www.bitpremier.com/best-exchanges https://www.buybitcoinworldwide.com/exchanges/changelly
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Awesome @muadz-278. I use poloniex as my exchange although they've been given issues of recent. Coinbase Is very good, I think it's the best. I love your stuff.
I'll sure want to see more of these, so am following you now. Thanks for sharing this.
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STOPHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.bitpremier.com/coinbase-review
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I would use Binance https://www.binance.com/?ref=12558281. In Binance 0.1% per order. If you purchase BNB tokens (directly from Binance) your trading fees is 0.05% per order while GDAX is 0.5%. Pretty much every other exchange charges above 0.4% in fees.
I always think of kucoin as one of the common exchange who always just plays in the middle with the not so good ones but since hype has been building around it for their 2.0 release plus they have been doing great lately, i might consider switching to them. (crypto.review/exchanges/kucoin/) Here's a review if anyone is not aware about kucoin.