Cryptocurrencies apart from being used as the fastest medium to transfer money, it’s a new means where people earn money easily from buying and selling Bitcoin and other cryptocurrencies. Just like in Stock Exchanges and Forex, you can directly buy and sell Bitcoin, in Bitcoin or cryptocurrency exchanges.
There are lots of Cryptocurrency exchanges you can trust when it comes to buying and selling bitcoins or any other cryptos as the case may be. These include but are not limited to the following: BITSTAMP, KRAKEN, BITFINEX, CEX.IO, REMITANO ANX, BITCOIN CENTER NYC, BITCOIN INDONESIA, BITTREX, BTCC, BTC MARKET, OKCOIN, COINFLOOR, COINS.PH, OKEX, GATECOIN, QUADRIGACX and lots more.
The choice of any particular cryptocurrency exchange is dependent on a lot of factors and considerations, you might need to consider a few factors like The currencies traded on the exchange, the main location of the exchange, how to fund your account on the platform and acceptable means for funding, the fees or commissions per deposit and withdrawals made by traders and lots more. You might also need to google and read reviews about them before making a choice.
The following CryptoCurrency Exchanges are Editor’s Pick:
Luno formerly known as BitX is a (Bitcoin and Ethereum) Cryptocurrency exchange company that was founded sometime in 2013 in London. Its operation spans countries like Indonesia, South Africa Malaysia, Nigeria, the United Kingdom and 35 other European countries. (Luno is available in 40 countries across Europe, Africa and Southeast Asia)
Luno supports wallet service. Once you sign up, you can create a wallet address for Bitcoin and also for Ethereum. Luno has proven to be the best and safest cryptocurrency exchange for buying and selling bitcoin and or Ethereum. The exchange also has an amazing feature “social pay”; which allows you to send bitcoin to a customer’s email address or mobile number free of charge.
In Luno.com, you can withdraw your money straight to your local bank account. At the start of 2018, Luno announced they had reached nearly 2 million customers and processed over $5 billion
You may like this: How to make money buying and selling bitcoin from Bitcoin Exchanges
Paxful is a peer to peer Bitcoin marketplace connecting buyers with sellers. This Cryptocurrency exchange platform was launched in 2015.
Paxful allows you to quickly and easily buy and sell bitcoin using more than 300 payment methods that include: Bank transfers, Cash deposits, Debit or Credit cards, Altcoin, Paypal, MoneyGram, Western union, and Amazon Gift Cards. You simply select your preferred payment method and type in how many bitcoins you need.
Just like LocalBitcoin, Paxful uses an escrow service to connect buyers and sellers from around the world to trade bitcoin on its platform.
LocalBitcoin is a Bitcoin company founded in Helsinki, Finland, in 2012 and started generating revenue in early 2013. It offers a service to facilitate the locating of other Bitcoin users, who can meet others for peer to peer buying and selling of bitcoin. As at August 2016, LocalBitcoins announced that 1.35 million people from 249 countries were using its platform and that the weekly volume of transactions was US$14 million.
This cryptocurrency exchange uses an escrow system and the transfer of bitcoin is made after funds are received in the seller’s account.
Poloniex is a US-based cryptocurrency exchange platform. The company was founded in January 2014 by Tristan D’Agosta and is based in Wilmington, Delaware.
As of May 2018, Poloniex was ranked as the 25th largest crypto exchange by data tracker CoinMarketCap.com, with almost 100 tokens listed and a daily trading volume of $70m.
Poloniex is one of the world’s most active cryptocurrency exchanges. Visit https://poloniex.com/ and learn more.
Binance is an international, multi-language cryptocurrency exchange, founded in China. Binance exchange was officially launched at 12:00 July 14th, 2017 (Beijing Time). Binance later moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017. By March 2018 the company had established offices in Taiwan.
Binance supports a wide variety of coins and numerous tokens, meaning that Traders can use the Binance exchange for multiple digital currencies, they currently offer trading pairs in BTC.BNB. ETH. And USDT
While Binance is one of the newest cryptocurrency exchanges available on the market today, they have managed to attain a high level of trust from users and the cryptocurrency community
Creating an account is fairly simple and straight forward and you don’t have to verify your account as a first Level (2BTC daily withdrawal limit) trader, but for a higher level, you will need to upload an ID and wait for the approval.
Coinbase is another crypto currency exchange founded in June, 2012 by Brian Armstrong and Fred Ehrsam. Coinbase headquarter is in San Francisco, California. Coinbase is a broker exchange of Bitcoin, Bitcoin Cash. Ethereum, and Litecoin with Fiat currencies in around 33 countries, and bitcoin transactions and storage in 192 countries worldwide.
With Coinbase, Bitcoin can be sent to anyone in the world. Coinbase operates with local banks in 33 different countries. There is a small fee for exchanging bitcoin, but sending and receiving bitcoin is always free!
Though you can operate a wallet account with Coinbase, buying and selling, however, may not be applicable for your country.
Disclaimer: 1001entrereneurs.org or her editors or publishers are not financial advisers and shall therefore, not be liable for any loss incurred by virtue of her articles.Bitcoin ventures are highly volatile. Always seek counsel or guide from an expert.
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