What Bitcoin Exchange Should I Use?

March 29th, 2018

As Bitcoin popularity is increasing everyday and with it new popular social networking platforms, many people are asking “ What Bitcoin exchange should I use?” Seeing the rise in demand for this popular digital currency, many online exchanges or websites have become available, where users are able to trade Bitcoins using any currency of their choice. For many people, they are looking for the cheapest and most reliable way of getting Bitcoins. Many of the best online exchanges will take fiat currency and trade it for Bitcoins, safely and quickly. However, there are dozens of online platforms available where Bitcoin users can find attractive and similar deal-making it confusing to decide on the best one for you.

There a numerous factors to consider when you are selecting a Bitcoin online exchange. Some of the most important deciding factors include:

  • Uptime
  • Customer Service
  • Security
  • Track Record
  • Ease of use and whether or not it’s available in your country.

Below, you’ll find a list of some of the most popular Bitcoin exchanges. Make sure to compare the features of each online exchange before selecting the right one for you and your needs.

Coinbase

Coinbase is one of the world’s most popular digital currency brokers, where users are able to trade Bitcoin, Litecoin, and Ethereum. This online exchange is easy to use is considered to be on of the best online exchanges in the current market. Coinbase is also well known for its above average customer support and it’s easy to use mobile app. It is also considered to be the safest exchange for storing digital currencies-thanks to a robust security system and insurance.

Bitcoin of America

Bitcoin of America is another of the most popular digital currency online exchanges. Users can trade Bitcoin, Litecoin, and Dogecoin easily and with very low transaction fees. Bitcoin of America has a good track record for retaining secure transactions, as well as, friendly customer service 24/7. If you are looking to purchase digital currencies through a safe exchange with little to no transaction fees, Bitcoin of America is the right digital currency exchange for you.

Binance

Binance is yet another popular online exchange, but this features more of a community-based portal. This online exchanges is very popular among digital currency users. Even though Binance is relatively new to the cryptocurrency exchange on the market, it has built up a solid reputation of being a safe and secure place to trade digital currencies for low transaction fees.

Poloniex

Poloniex is popular for a vast array of digital currencies which are hard to find elsewhere. There were a few rumors of poor security in the past; Poloniex hasn’t suffered a major breach to day. There are also concerns about the poor customer service of Poloniex, but this is still an online portal where you can trade digital currencies fast and easily.

Bitfinex

Bitfinex is the world’s largest exchange by volume, alongside an excellent trading engine, high liquidity and a range of advanced features, this is the best online exchange on the market. This online exchange may lack the choice of coins like that of Poloneix, but in all other respects, this platform is the standard for digital currency exchanges.

Kraken

Kraken is another popular online exchange that is known for its high liquidity. However, there were some rumors that this site is prone to crashing because of the high volume at any given moment, the company has now ensured its safe for online exchanges.

Bitstamp

Bitstamp is Europe’s largest online exchange that offers trading pairs of Bitcoin cash, Bitcoin, and Ethereum. Earlier this site was hacked, but as one of the oldest online exchanges, Bitstamp has recovered from the storm and is still a highly regarded exchange within the community. Bitstamp is the most conservative exchange; more than often you can see that the Bitcoin price is lagging behind than other sites. This online exchange uses Slovenian exchange, as it’s the reference price for Bitcoins.

There are even more online exchanges then the ones mentioned above, like Coincheck, Coineone, Bithumb, Bitmex, GDAX, and more. For the most part, these online exchanges are the main players in the online exchange game. Have fun trading!

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