What is an Exchange of Cryptocurrencies?
A cryptocurrency exchange platform is a website where you can buy, sell or exchange cryptocurrencies for another digital currency or fiduciary money (USD, EUR, etc.).
Depending on the exchange, they can operate as a stock exchange or as a currency exchange house.
We have prepared a list with the 7 exchanges that offer more possibilities when investing in cryptocurrencies.
Binance is the number 1 exchange in market capitalization, according to the volume ranking of CoinMarketCap.
Trade cryptocurrencies in this exchange is very simple and intuitive. One of its great advantages is that it has its own Token (BNB) that allows to pay the charge of transactions with significant discounts.
OKEX allows you to trade many cryptocurrencies, including some that are just quoted. In addition, it has some more advanced functions such as financial leverage and futures.
It ranks second in the trading volume ranking of CoinMarketCap.
Bitfinex is an Exchange where you can negotiate the main cryptocurrencies of the world, and also has the possibility of making OTC purchases.
It ranks third in the CoinMarketCap ranking.
The Bitcoin Bitcoin quote is used as a reference for exchanges of large investors.
Another strong point is that it has a high level of security.
Bittrex is one of the most reliable Exchanges to do online trading with cryptocurrencies, since it has a high liquidity and more than 100 tokens to trade.
The platform is in English, but its management is quite simple. It is ranked 26 in the cryptocurrency ranking.
Although Changelly is not listed among the top positions by volume of operations, we have placed it in the ranking because it allows you to buy cryptocurrencies with credit cards. Its main advantage is that you can buy the best-known cryptocurrencies, such as Bitcoin, Ethereum, Ripple, just to name a few. Its disadvantage is that the commissions are high.
Kucoin is one of the many cryptocurrency exchanges available to those in search of a modern and secure platform to trade between cryptocurrencies. It was founded by a team of experts who had already earned a reputation in giants of the industry, such as GF Securities, Ant Financial, Youling, Jianbang Communication and iBOX PAY.
Kucoin aims to provide users with a secure and direct method to trade their currencies within a cutting-edge platform. The platform has its own tokens, called KuCoin Shares (KCS), similar to Binance. It was officially launched on September 15, 2017.
Cryptopia was founded in 2014, with the aim of being a comprehensive exchange that focuses on the user experience, with the integration of additional services, including a market and a wallet. It is headquartered in Christchurch, New Zealand. Cryptopia is remarkable because the first level of verification happens very fast and only requires an email address for initial verification.
While Cryptopia is not compatible with fiduciary money trading, it does admit a ridiculously large number of cryptocurrencies: more than 400 to date, with more being added all the time. The trading rate is also a low 0.20% per transaction, which compares favorably with many competitors. The website is quite extensive and extensive, which means that new users may find themselves a bit disoriented with their first experience operating through this site.
It is impossible to analyze the commercial altcoins and not use the Poloniex exchange these days. Although Poloniex does not list all the existing altcoins, it does include the ones with the highest circulation and therefore they are the main exchange when it comes to trading with alternative cryptocurrencies. Poloniex was also one of the first platforms to support the Ethereum Classic after the Ethereum fork.
Among the main currencies listed in Poloniex are Monero, Ethereum Classic, Ripple, Litecoin, Factom and Maidsafe, to name a few. The platform generates a large amount of Bitcoin trading volume every day. In addition, some of the “main altcoins” even reach Poloniex’s loan and trading margin markets, allowing them to gain even more exposure over time.
Founded in 2011, Kraken is the largest Bitcoin exchange in volume and liquidity in euros and is a partner in the first cryptocurrency bank. Kraken allows you to buy and sell bitcoins and trade between bitcoins and euros, US dollars, Canadian dollars, pounds sterling and Japanese yen. It is also possible to exchange digital currencies other than Bitcoin such as Ethereum, Monero, Ethereum Classic, Augur REP tokens, ICONOMI, Zcash, Litecoin, Dogecoin, Ripple and Stellar.
Kraken is the favorite Bitcoin Exchange for many professional operators. They provide all the tools and reliability necessary to make expert decisions about the cryptocurrency exchange. They offer a high security environment with reliable cold storage, legal compliance and advanced types of orders, such as stop-loss orders.
HitBTC is a cryptocurrency exchange based in Europe launched in 2014. It is operated by Hit Techs Limited, based in London. HitBTC offers more than 150 trading pairs, including many recently added tokens and ICOs.
The platform has low rates and does not require an account to perform basic transactions. HitBTC is one of the largest Exchanges by volume of trade, with a daily volume of more than 700 million USD.