Thinking of investing in Cryptocurrencies or just looking to carry out a transaction using Cryptocurrencies or looking for an avenue to convert your regular currencies like the GBP, USD or EUR to Bitcoins?
The first step would involve searching for a cryptocurrency exchange to help fulfill this purpose.
OK, now you know what you need, the next thing would be where do I find the best cryptocurrency exchange?
It is essential that you arm yourself with information about the best cryptocurrency exchanges available today as a result of news and reports about the crash of some exchanges (e.g., MtGox) in the past which was due to security breaches and it led to the loss of cryptocurrency by owners such as you and me.
Finding the best cryptocurrency exchange to fully satisfy all your cryptocurrency need is not an easy neither is it a straightforward task as several considerations have to be put in place.
Below are some criteria by you should take into consideration when considering the best cryptocurrency / Bitcoin exchange to use:
- Excellent user ratings
- Security level of the website and the servers on which the website is hosted on
- Several payment options, for example, Credit card, PayPal, etc.
- Customer Satisfaction
- Cost of Transaction (e., Transaction fees)
- User Experience
- Transparency of the exchange
- High liquidity
- Multiple currency acceptance (the number of currencies you can trade in for cryptocurrency)
Based on the criteria listed above, some of the best cryptocurrency/bitcoin exchanges are given below:
This is a cryptocurrency exchange that offers high liquidity, cross-platform trading and advanced security. It boasts of approximately a 100% uptime in addition to providing lower transaction fees and trade margins. Its head office is in London, UK. Although it experiences a little breach in security as it was hacked a while ago, it still has very high number of accounts which are verified.
This is a cryptocurrency exchange that offers to trade in several cryptocurrencies as high as 190 different cryptocurrencies, newer coins, and tokens. Its risk management practices are top notch, and it also boasts of a high speed of transaction and stability. It is situated in Las Vegas, US.
This offers users the ability to carry out trading on their own, in essence, it is a simple peer-to-peer cryptocurrency exchange. Its fees are minimal and also has a very strong resolution and rating system to assist cryptocurrency traders. It provides users with the avenue to post a quick transaction ad (either buying or selling) on its exchange platform. LocalBitcoin has the reputation of being one of the best cryptocurrency exchange concerning peer to peer transactions.
Coinbase was established in 2012 with its head office in San Francisco, California. It happens to be one of the most popular cryptocurrency exchanges out there today. It is considered to be amongst the best if not the very best cryptocurrency exchange for Litecoin, Ethereum, and Bitcoin. It comes with its wallet which is available both on Android and iOS. Although there have been minor complains about privacy issues, it is still held in very high regards. It also allows for users to make recurring purchases thereby giving them the opportunity to invest in several cryptocurrencies.
Bitstamp was established in 2011, and its headquarters is situated in Luxembourg. It is a cryptocurrency exchange that deals in large volumes and is very liquid, i.e., it offers a lot of liquidity. It boasts of advanced security features and also the excellent user interface. It also prides itself on the accuracy of its cryptocurrency prices.
CoinMama has its head office in the Virgin Islands and is one the few cryptocurrency exchanges that allows you to offer regular currencies in exchange for purchasing cryptocurrencies. It is currently available in over 200 countries which is a lot more than several other cryptocurrency exchanges.
Gemini has its headquarters in New York, US. It is renowned for its advanced security system in addition to its application of a cold storage system that can store information offline. It also has multi-factor authentication and access control systems in place. It should be noted that this exchange only trades in Bitcoins, Ethereum, and US dollars.
Considered to be one of the best cryptocurrency exchanges in the world due to its ability to provide a top-notch security platform, in addition to being legally complaint and also some advanced order system like stop-loss orders. It is also highly liquid and charges meager transaction fees. Kraken was founded in 2011 and is based in San Francisco, California.
Established in 2012 with its head office in Hong Kong, It considers itself to be one of the most technologically advanced and also the most significant Bitcoin exchange in the world today. It can offer fast transaction involving different cryptocurrencies like Ethereum, Ripple, Monero, Dash, Litecoin, Iota to mention a few. Its security system is also top-notch, and its app is available for both iOS and Android for mobile devices.
I hope that you have found this information useful before carrying out any transaction on a platform. share with us your experience on the comments below