Top Cryptocurrency exchanges for Buying & Selling Crypto
There are a lot of Bitcoin Exchanges which raised over night and because of the hype that was created around the famous crypto coin, Bitcoin, many exchanges cannot keep up with the demanding customers and their servers and api are running now very badly. The bitcoin exchanges allow their customers to trade digital currencies for other assets like convention fiat money or other digital currencies. Most of the Bitcoin Exchanges or cryptocurrency exchanges operate outside of the western countries, avoiding regulatory oversight and complicating prosecutions. We have separated the "bad" exchanges from the "good" ones and made a list.
We've took into account the following criterias:
- Exchange Trading Speed
- Withdrawal time
- Good Security
- Purchase Limits
- Fair Exchange Rates
Binance came from the word “Binary” + “Finance”. One of the negative things that people find about this website is that it is operated by a Chinese company that is operating in Tokyo, Japan. Before they were completely operating in China, but due to the recent issues with cryptocurrencies, the company decided to transfer operations to the world’s friendliest country when it comes to cryptocurrency operations.
On their website, it says that they are capable of processing 1,400,000 orders per second! Impressive numbers if you put into consideration the number of people that go to their website on a daily basis. The company had its ICO earlier this year, July 2017 and after a few months, released their exchange website where their coin BNB can be used to pay the transaction fees. This is a fairly young website that just entered the game of online cryptocurrency trading. You can read more about the company Binance.
Changelly is not an actual trading website like binance or bitfinex, it's actually an exchange website where you can exchange from FIAT(cash) to cryptocurrency like Etherum, Bitcoin, Ripple(XRP) and others. As marketed on their website, Changelly is an instant cryptocurrency exchange with clear interface that provides the best prices for Bitcoin, Litecoin, Ethereum and other altcoins.
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.
Features of Changelly:
- Exchange Bitcoin into any other supported cryptocurrency.
- Exchange fees are only 0.5%.
- Supports USD Tether (USDT).
- Buy Bitcoin using a credit/debit card.
- Create a user’s account so that you can track your past exchanges.
Coinbase is the world's largest Bitcoin broker. It also offers an exchange, wallet, and developer API. In this article we'll review Coinbase and its brokerage, wallet and exchange.
In 2012, Coinbase was launched in San Francisco, California. Since their launch, they’ve served over 8 million customers and helped users exchange over $20 Billion worth of digital currency. Currently users from 32 countries can use their services, including the United States.
Coinbase operates differently from traditional cryptocurrency exchanges. Instead of requiring users to trade on a market, Coinbase directly sells cryptocurrency to users at a set price (based off the current market price). This allows users to buy their cryptocurrencies more quickly than on an exchange. It also allows them to accept credit cards (in addition to bank transfers), something few exchanges offer. After users have verified their Coinbase accounts, they can then purchase cryptocurrency instantly.
Fees range from roughly 1.49% to 3.99% fee, depending on your payment method. Credit cards come with the higher fee, due to the fees charges by credit card companies and risks of fraudulent chargebacks. This means you can save around 2.5% by using bank transfers. These fees are lower than other competitors who directly sell cryptocurrency to their users (Coinmama, CEX.IO).