If you want to get your hands on some bitcoin, the best way to do so is by getting in on one of the top cryptocurrency exchanges.
No, not the barter kind. The exchange we are talking about is one where you can buy and sell crypto. Here are 8 of the best.
Here Are The Top 8 Cryptocurrency Exchanges:
Binance is my favorite exchange, a very popular Chinese cryptocurrency exchange. They don’t have the ability to trade crypto to fiat (USD) but they make up for it with more trading pairs than you can shake a stick at. It’s a relative newcomer to the space but the exchange functions very smoothly and are known for listing a lot of ICOs.
Coinbase is great for beginners. It’s the largest exchange out there, with more than 13 million users and it’s incredibly user-friendly and intuitive to use. While other exchanges can be intimidating, due to the amount of information hitting you all at once regarding crypto trading pairs, Coinbase keeps it simple. You can buy four types of coin: Bitcoin, Litecoin, Ethereum and Bitcoin Cash. That’s it. You can buy any of those coins with a credit card and it’s instant.
GDAX is a fantastic exchange run by the good people at Coinbase. They have way more choice on offer compared to Coinbase and is meant for investors who are a bit more sophisticated when it comes to the crypto space. They have lower fees than Coinbase and if you’ve been happy with Coinbase and want to get more involved in trading then GDAX might be the best option for you.
The Gemini Exchange was founded by everyone’s favorite Facebook antagonists: The Winklevoss twins. Since the bitcoin boom their holdings are worth about $1 billion and they’ve given back by building a cryptocurrency exchange that is getting rave reviews. With higher buy limits and lower fees than Coinbase, this plucky upstart is punching far above its weight.
Bittrex is a US exchange that offers than 190 currencies. That’s nearly as many countries there are in the UN! The team prides themselves on the security of their platform so if you are looking for safety then this might be the best fit for you.
Bisq builds on the promise of decentralized currencies by offering a decentralized exchange. This means that there’s no middleman, and Bisq users are trading directly with each other. Centralized exchanges like Coinbase and Kraken are easy to use, but because they are run by people, there are risks involved. A decentralized exchange won’t ever freeze your funds.[unit3]
Another very popular exchange. Poloniex allows you to trade on margin and even allows experienced traders the option of shorting cryptocurrencies. The user experience is comparable to other big exchanges and all in all represent a good option for experienced traders who trade a limited number of coins.
The best thing about Bitfinex is that they seem to care about their users. As the crypto space boomed, exchanges were flooded with millions of new users trying to get in on the digital gold rush. Understandably these exchanges struggled to cope, but Bitfinex actually temporary disabled the creation of new accounts to properly support existing users. Bitfinex has a great selection of coins to choose from and a great attitude towards customer service. You can’t go wrong here!