Bitcoin Exchange Review of the Best
Bitcoin exchanges are the business entities. They permit customers to trade their assets using the digital currency. These exchanges charge fees for making every transaction. Unlike traditional exchange methods where real money was exchanges, these exchanges transact digital currencies. These exchanges deal with fiat currencies of different countries. It means you are allowed to maintain bank accounts in your country for having bitcoin deposits. These exchanges allow you to transfer your money through credit cards, postal orders, and wire transfers. You can get real cash from ATMs by using your debit card worldwide. Bitcoin can be traded against precious metal like gold.
This article discusses about various bitcoin exchanges all over the world.
List of the Best Bitcoin Exchanges!
Coinbase is a bitcoin exchange service based in the United States. It allows trading of money in the country and other 18 European countries that share Euro as their common currency. It charges 1 percent of transaction fee for every transaction. It is easy to use this platform for storing, sending and trading with bitcoin. Users having less knowledge about the technicality can use the one wallet gateway. You can take the help of this service by following two way verification methods. You need to give your bank account details and mobile number for doing all types of buy and sell operations.
Usability, Restrictions, development and security
While coinbase is being touted as the most delayed service provider in the world, it has remained the easiest interface for the users round the world. It has put restriction on the illegal businesses for any buy and sells operations. Recently the platform has enabled multi signature verification procedure along with two way verification method that existed since its inception.
Bitstamp is the bitcoin exchange of United Kingdom. The volume of exchanges has made it the world’s second largest bitcoin exchange in the world. The company originally started its operation in Slovenia and then it came to United Kingdom in 2013. The exchange allows trading of both USD and Euro. It charges minimum fee for every bitcoin transaction. With effective combat strategies against money laundering the company started its business in the United Kingdom. The platform verifies the identity and home address of all the account holders to maintain transparency in the system. The exchange has software interface to carry out all the functions related to bitcoin exchange.
It is Finland based start-up exchange for bitcoin. This company has a website where you can see all the rules regarding bitcoin exchanges. After that you can deal with bitcoin vendors. Bitcoin vendors offer over the counter exchange facility through this platform. This is the only platform where you have to meet in person to make use of the exchange.
With the growing popularity and usability, people prefer the digital currency like never before. Security is the only threat that people may have in their mind. Businesses and investors find these as their best way of doing business all round the world. If the trend continues to grow like now, we will get to see a lot more exchanges in the near future.
iBit is a Singapore based bitcoin exchange. This is based on global exchange standards. It allows the conversion of three currencies all over the world. It allows Singapore dollar, USD and Euro to be traded through his platform. All types of investors and businesses can make use of the platform to do their trading on the platform. It is one of the bitcoin exchanges that survived the denial of service attack in 2014.