4 Top Cryptocurrency Exchanges Online

The world is quickly changing. Technological advancements paved the way to the emergence of digital currency. Though unconventional, cryptocurrencies are innovative. They are easy to use, secure, and have limitless potential. If you’re interested to invest in cryptocurrencies, the first thing you should do is find the most suitable and credible cryptocurrency exchange platform online.

Cryptocurrency exchange platforms allow you to buy, sell, and exchange cryptocurrencies that correspond to the different legal tenders such as US dollar and Euro.

Tips when choosing cryptocurrency exchange platform

Cryptocurrency platforms vary depending on one’s need. There are those that are created primarily for professional trade like capital.com while others are merely created for buying and selling cryptocurrency. Upon registration in these platforms, you need to verify your identification. Once you’ve logged in, you will see the different and advanced trading tools that will help you in making transactions.

There are also exchanges platforms made for occasional trades that do not require the creation of an user’s account.

Before engaging in a cryptocurrency exchange, one should ask themselves which platform is the best. Know that there are a lot of factors to be considered before trading.  Below are some factors to contemplate on:

  1. Check the website and server’s safety as your security is your priority.
  2. Look for websites that have high liquidity or convertible assets.
  3. Learn about the website’s exchange structure in terms of transaction, percentage, and spread or exchange rate.
  4. Check for coins transactions, prices, and volume’s data transparency.
  5. See if the website has good feedbacks and ratings.
  6. Know the currencies available for trade.

Best cryptocurrency exchange platforms

Listed below are four of the most trusted exchange platforms today:

  1.    Coinbase: Coinbase Statistics in 2017 showed the following data:
  1. Users in the USA: 45%
  2. Positive reviews: 90%
  3. Daily Trading Volume: 35%
  4. Beginners: 65 %

Some additional facts about the website’s performance for 2017 include:

  1. There are 12 million visits to Coinbase each month.
  2. There are 9 thousand Coinbase developer apps.
  3. There are 45 thousand merchants using the Coinbase processor.
  4. There are 5.3 users signed up on the website.
  5. There are 11.7 cryptocurrency wallets on the exchange platform.
  1.  Bitcoin

The exchange platform is most popular in developing countries and emerging markets such as Germany, United States, Austria, Algeria, and Switzerland. Some additional facts about the website’s performance in November, 2017 include:

  1. Bitcoin is traded by more than 50 regional markets or fiat pairs in over 160 trading platforms
  2. Average Blockchain transaction in US dollar:$ 5198.86
  3. Bitcoin transacted across the Blockchain: $10.20B
  4. Minors revenue in US dollar: $81,556,496
  1.  Binance

The exchange platform has its roots in China. It has gained many reviews due to its excellent Cryptocoin offering listings and its low trading fees.

  1. Bittrex

It  supports more than 190 cryptocurrencies and is one of the largest exchange platforms. Brittex offers NeuCoin and Etherium and all other major cryptos; darkcoin, litecoin, and nextcoin to name a few.

Final Thoughts

Undoubtedly, Coinbase, Bitcoin, Binance, and Bittrex continuously show off their strength in the cryptocurrency market based on the above criteria.


Join our newsletter

If you like Critical Financial, subscribe and get our latest content via email.

Powered by ConvertKit

Share this post:

Leave a Comment