A number of investors are struggling to invest in one of the hottest trends of the decade; cryptocurrencies. This is because this asset class is unlike any other that exist these days. You cannot use your regular brokerage account for purchasing Bitcoin and neither can you consult your bank for this purpose. The market has experienced explosive growth and there are numerous cryptocurrencies you can find these days. Therefore, cryptocurrency exchanges have been developed, similar to stock exchanges, and are a marketplace where cryptocurrencies can be bought, sold and traded. They charge a small fee for the transactions that take place on their platforms.
You will find tons of cryptocurrency exchanges nowadays, but you need to select one that has a solid reputation and can offer good security. Some of the best cryptocurrency exchanges that can be used in 2018 are outlined below:
This is one of the most renowned cryptocurrency exchanges and is considered the best for dealing with Bitcoin, Litecoin and Ethereum. It was founded in 2012 and has its headquarters in San Francisco, California. It also has its own wallet and you can download them on both iOS and Android platforms. Coinbase has over 10 million users and its trading volume is around $20 billion. It is one of the few exchanges that enable people to purchase cryptocurrency in US dollars.
This is a regulated exchange based in Las Vegas, US. Bittrex can be used for trading a wide array of cryptocurrencies, newer coins and tokens. You will be able to trade in 190 cryptocurrencies and the transactions are highly stable and speedy. The exchange follow some risk management practices to ensure their clients’ security is not compromised.
One of the best cryptocurrency exchanges you will find in the market is Kraken. It provides a high security environment, reliability and legal compliance as well. However, one of the most important things to note about Kraken is that it offers advanced order types like stop-loss orders. You will also be able to enjoy low fees, high liquidity and fast funding margin trading. There may be occasional uptime problems, but for the most part it works really well. Founded in 2011, Kraken has its headquarters in San Francisco, California.
This cryptocurrency exchange is based in New York, US and can only be used for trading three cryptocurrencies; Bitcoin, Ethereum and US dollars. The fee is very low and you are provided with a high degree of compliance and security. You also get access to an ultra-modern storage system, which will store your information online, access controls and provide multi-factor authentication.
This exchange doesn’t need initial cryptocurrency and is simple to navigate. You can buy cryptocurrencies with normal cash and it can be used in over 200 countries, something that other exchanges don’t offer. The headquarters of this exchange lie in Virgin Islands.
You can use any of these cryptocurrency exchanges for making your investment in order to reap the benefits associated with this new technology.