How to Choose The Best Bitcoin Trading Website?

Bitcoin are the leading cryptocurrency in the world. Among the competition of over a 1000 different cryptocurrency, Bitcoin has monopolized the digital currency capital. Being smart business, Bitcoin has generated major profits for the traders over the last few years.

Bitcoin trading has become a modern-day trend to business for the traders over the world. Many different trading exchanges offer bitcoin trade on various platforms. The one of the most convenient of these platforms are bitcoin trade sites.

While many trading websites are reliable, there are some bitcoin trade sites that are notorious in nature and can lose all the investments and profits during trade. Hence, it is recommended for an investor to focus on choosing the best crypto trading platform.

Features of A Good Bitcoin Trading Website

Bitcoin trading has generated thousands of dollars in profit for traders in the last few years. Being extremely volatile, bitcoin experiences a lot of ups and downs which increases the odds of earning more profit over a short period of time.

First and most important quality a good bitcoin trading website should have is strong security system. Although bitcoins itself were compromised, a good trading site should have an advance security. Being involved with a notorious digital country, hackers are one thing you must avoid on your trading platform.

A good bitcoin exchange website should be a friendly user-interface. Unlike complex stock exchanges to operate, an online portal should be convenient for the users. An easy to use website with automate withdrawals and an intuitive interface can be extremely helpful to work on, especially for a beginner.

A good website must have smart, efficient and multiple payment methods. If such payment methods are not comfortable enough for the clients, they will end up leaving the platform anyway. Another thing to ponder about is security of the payment. Trusting a secure payment method could make you stick with the option for a long-term.

How to Trust A Bitcoin Trading Website?

Before trusting a trading website for your bitcoins, you must put up a thorough research. Your website should be transparent in its functionality and client should know what he is getting into. This is an extremely important step in your trade as your whole investments and profits are at stake.

Another thing to look up is reputation of the exchange site. Every trading exchange offers a user feedback page on the website. Before entering in a trading platform, you must take up a thorough research about the costumer feedbacks. The reputation of the website should be scam-free.

An important thing to follow in your trading website is a good customer support. A well-maintained customer support can solve your queries on time and help you through your trade. If the website takes too long to answer to your questions, you are likely subjected to lose a good trading opportunity or in worst case, a loss in investments.

In short, there are many good bitcoin trading websites in the horizon that have potential for being the best. An easy way to trust a site would be to read the user reviews which are unlikely to be short of positive feedbacks from the customers.

Which Cryptocurrency Exhanges Are Best?

Generally, the majority of crypto exchanges allows you to trade, buy, or sell digital currencies. This can either be from crypto to crypto or from fiat to crypto. In most cases, investors look out for exchange platforms are user-friendly. Those that offer exceptional security measures and excellent functionality lead the charts.

But you will find that most of these exchanges mainly support the top 20 altcoins by coinmarketcap. Here is an array of some of the respectable cryptocurrency exchanges that you should consider.

Coinbase

Coinbase is among the most popular and well-known cryptocurrency exchange in the world. Millions of users use the platform, and as well it’s backed by renowned and trusted investors globally.

In fact, Coinbase is among the first exchange platforms to be launched. It was founded in 2012, and it’s based in San Francisco.

Coinbase allows users to deposit and withdraw funds quite easily. It offers competitive fees, buying options, and advanced trading features.

Additionally, Coinbase offers great advanced security, it’s user-friendly, has a good reputation, and the Coinbase insurance ensures all its stored digital currencies.

Binance

Binance is another rapidly growing cryptocurrency exchange founded by Changpeng Zhao. Binance owns its digital coin known as Binancecoin (BNB).

Furthermore, Binance offers a mobile app for Android and iOS thereby making it very easy and efficient to trade cryptocurrencies. Additionally, Binance supports over 130 cryptocurrencies. They include Bitcoin, Ethereum, Ripple, Bitcoin Cash, DASH, Litecoin, GAS, and EOS among others.

Binance also offers low transaction fees — 0.1% standard trading fee. Compared to other exchanges, its fee structure is unique and affordable.

Binance has a user-friendly interface with maximum security. The user registration process with Binance is also quite fast and straightforward. Binance is indeed among the best cryptocurrency exchange in the world.

BitMex

BitMex is a popular and high-volume cryptocurrency exchange founded by a team of expert economists, web developers, as well as high-frequency traders. With BitMex, you won’t face any issues concerning the liquidity of your funds.

Although the primary digital currency traded in this platform is Bitcoin, it also supports altcoins such as Ethereum, Litecoin, Ripple, Cardano, and Bitcoin Cash among others.

Furthermore, the user-registration process here is quite simple since you only need your email ID. BitMex fee structure fee structure is also affordable and straightforward. The security of your cryptocurrencies is also guaranteed.

BitMex is a great cryptocurrency exchange platform with a user-friendly interface. So, if you are new to this, you won’t have any problems.

Bittrex

Bittrex is a secure and easy-to-use US-based exchange platform. It allows you to trade more than 190 cryptocurrencies. Regarding the security of Bittrex, there is nothing to worry about since it’s well regulated with the current US rules.

The transaction fee of Bittrex is also quite considerate. It allows its users to choose the various rates in which they wish to trade and then charges the users a standard service fee of 0.25%.

The user interface in Bittrex is also quite clean. To get started, you will need your email ID to register.

Poloniex

Poloniex is another excellent option when it comes to cryptocurrency exchange platforms. It was founded by Tristan D’Agosta, and it has operated since January 2014, and it’s based out of the US.

Poloniex offers more than 100 cryptocurrencies to all its users. The fee structure of Poloniex is also quite straightforward.

If you are a newbie as far as buying altcoins is concerned, with Poloniex, you will have no challenges as its user interface is friendly, and it’s secure. Additionally, it’s quite easy to register with Poloniex.

KuCoin

KuCoin is another great and easy to use cryptocurrency exchange platform. Like Binance, KuCoin also offers a fully functional mobile app for iOS and Android.

KuCoin offers several coins including $KCS, DragonChain, and many more. Concerning the fee structure, their fees are comparatively lower than other popular exchanges.

KuCoin is growing quite rapidly, and with time, it’s expected to make headlines. The registration process is straightforward.

Huobi

Huobi is a crypto exchange platform founded in China. It claims to support over 250 cryptocurrencies.

Huoni is also rather unique as it operates in two different versions. The Huobi OTC- here, users are allowed to trade cryptocurrencies with fiat currencies at zero fees. The Huobi Pro version, on the other hand, is designed with advanced cryptocurrency trading capabilities.

Huobi supports various coins including LTC, BCH, BTC, XRP, EOS, and DASH among others. Huobi user registration and fees structure is straightforward and offers 24/7 customer support.

Kraken

Kraken is a renowned crypto exchange platform that offers a large fiat currency exchange including USD, pound, Yen, Euro, and much more.

Kraken was founded by Jesse Powell in 2011, and it supports over 17 cryptocurrencies. Additionally, the Kraken fees structure is also quite straightforward with a maker and taker fee of about 0 % to 0.26%.

Kraken supports cryptocurrencies such as Bitcoin Cash, Bitcoin, DASH, Litecoin, Monero, Ethereum, Ripple, Zcash, Tether, and many more.

Bitstamp

Bitstamp is based out of Slovenia and was formed in 2011. It supports several cryptocurrencies including BTC, LTC, ETH, BCH, and XRP.

As far as the fees structure is concerned, Bitstamp has one of the lowest transactional fees in the market today. It offers a 0.05% fee for international wire transfers and a rate of 0.09% for international withdrawals.

It’s a convenient platform to buy your altcoins as it allows EUR, USD, Litecoin, Ethereum, Bitcoin Cash, or Ripple deposits.

The user interface of Bitstamp is friendly and very easy to use for beginners as well as other crypto enthusiasts.

Now that you have an idea of some of the best crypto exchange platforms in the market, you can go ahead and decide which platform works best for you. It’s also important to know that all these platforms have their own perks and cons. Moreover, before investing in any cryptocurrency, make sure you know all the basics and also gather all the necessary information concerning cryptocurrency trading. Be aware that crypto trading is as likely to make you a millionaire as eating up the very last coin in your pocket.

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