Cryptocurrency is the trend a lot of people are getting on this season. People are making millions off of it almost every day. Given the way cryptocurrencies like Bitcoin, NEO, Ethereum, Ripple, and Litecoin are taking the market, it's safe to say cryptocurrency is the modern day gold rush.
The whole crypto market is worth billions of dollars.
Bitcoin alone is worth more than $100 billion. Investors have made money off these cryptos and they are still making money off of them. You might probably be reading this because you heard about the wonders of cryptocurrency and you are willing to get in on the craze. While it is noteworthy that cryptocurrency isn't a get rich quick scheme, it's safe to say it’s a worthy mode of investment.
Getting your cryptocurrency might be a hassle for a newbie given
the fact that there are a lot of cryptocurrencies (over 5000 actually) and they
are also a lot of exchanges where you can get these coins. This may seem a
little too overwhelming especially if you are a newbie. Well, we have decided
to help you skip the overwhelming part and put you on the road to riches by
providing you with a list of some of the best exchanges where you can get
cryptocurrencies, including the ones you've might have never heard of. So sit back, relax, and enjoy the information we are about to serve you.
COINBASE
Known as the biggest exchange in the world, Coinbase.com is one of
the best places you can get your cryptocurrency from. This exchange has built
its reputation over the years and now has thousands of traders using their
platform. So do not be scared about losing your hard earned money when you are
set out to purchase your cryptocurrency. To make it better, this platform
accepts card payments and bank transfers (for US residents only). Now, although
this platform is probably the best exchange to buy from, we need to let you
know that there are limits to their superiority.
As at the time of writing this article, Coinbase allows the
trading of just four cryptocurrencies on their platform, namely Bitcoin,
Bitcoin Cash, Ethereum, and Litecoin. This simply means that other coins such
as Ripple, NEO, Stratis, Electroneum, etc. cannot be purchased on Coinbase as
they do not offer trades on them. Also, Coinbase charges a huge fee when you
purchase cryptocurrencies with your credit or debit card. It's also important
to note that Coinbase's service is limited to a number of counties. But if you
want a trustworthy exchange and you're buying out of the four cryptocurrencies
they offer, then Coinbase is good for you.
KRAKEN
Created in 2011, Kraken has grown to become the biggest Bitcoin
exchange when it comes to Euro volume and liquidity. This exchange is also
affiliated with the first crypto bank. With Kraken, you can trade in Euros,
USD, GBP, CAD, and JPY. You can also trade other cryptocurrencies, that is, use
a cryptocurrency to buy another cryptocurrency. Kraken offers a variety of
crypto coins on their platform. For experts in the market, Kraken provides you
with margin trading and some other cool trading features. In fact, Kraken is
considered to be a good exchange for expert traders.
However, while Kraken's pros include nice exchange rates, a good
reputation, low transaction fees, super secure, worldwide support, awesome user
support, and minimal deposit fees, they also have their own cons, which include
not being intuitive for beginners and limited payment methods.
CEX.IO
CEX is probably popular because it's a great exchange and it
allows cryptocurrencies to be traded for traditional money and vice versa. If
you are planning on taking bitcoin trading as a profession, then this platform
is good for you as it provides you with some nice trading dashboards, and of
course, margin trading. To make it better for novice or new users, CEX provides
a brokerage service where that offers new traders the ability to buy
cryptocurrencies in a very simple and easy way at prices that are usually in
line with the market.
With security and an intuitive design being part of their pros,
CEX also allows you to save your cryptocurrencies on their platform. However,
you need to know that they are not all perfect; their cons include a lengthy
verification process, expensive depositing fee, and average customer support.
POLONIEX
Poloniex has grown to be one of the world's biggest cryptocurrency
exchanges. Founded in 2014, this exchange provides its users with a
well-secured environment where the trading of BTC and over a hundred more
cryptos are being exchanged. Traders are also provided with data analysis and
some great advanced tools to help with trading. Poloniex also has a chatbox
where users can interact with each other. With high volume trading, BTC
lending, low trading fees, a user-friendly UI and a fast account creation
process, it is safe to say Poloniex is a great place to buy your
cryptocurrency. Their only cons include no fiat support and slow customer
service.
SUMMARY
There are a lot more exchanges you can buy from, including
Bitstamp, Bithumb, Shapeshift, and lots more. With the exposure that the
cryptocurrency world has undergone in recent years, buying and selling of these
coins is now extremely easy. Just ensure that you are buying from a reputable
and trustworthy exchange.
0 Comments