10 Trusted Bitcoin Exchanges to Buy BTCs Safely

In the recent years, Bitcoin has catapulted into popularity all over the world. Even though there are many Bitcoin alternatives, still it the most famous anc most expensive cryptocurrency in the market.

If you’re planning to start into Bitcoin trading, you need to have a reliable exchange platform that suits your needs and allows you to track Bitcoin value with ease.

This being the case, I’m listing below the most trusted bitcoin exchanges. The below list is compiled based on comments, feedbacks and experiences of numerous people.

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Binance

Binance

Binance is considered one of the biggest cryptocurrency exchanges in terms of the trading volume. Founded back in 2017, it has gained significant popularity among crypto traders all over the world owing to its high-speed trade execution.

Binance deals with more than a hundred cryptocurrencies, including Bitcoin and offers the most competitive rates in the market. Moreover, it is a secure platform and allows different payment methods for users to buy cryptocurrencies.

Pros:

  • Two-factor authentication.
  • Low buying fee (non-instant and instant).
  • A wide range of cryptocurrencies.
  • Numerous extra services.

Cons:

  • A bit overwhelming for beginners.
  • Hiccups in account verification.
  • Not available in seven U.S. states.
  • Non-transparent corporate structure.
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Coinmama

Coinmama

Coinmama supports exchanging bitcoins, enabling you to buy bitcoins using a credit or debit card. What I like is, it secures and encrypts your personal information on dedicated servers as its traders’ security is its prior motive. You can also buy bitcoins with cash after you’ve provided the required documents and verified your account.

Pros:

  • Easy navigation and attractive user interface.
  • Allows purchasing bitcoins with cash.
  • Your privacy and security is on Coinmama’s priority list.
  • Coinmama supports various credit or debit cards including VISA, MasterCard, etc.
  • Good affiliate program that offers 15% of Coinmama’s commission to the referrals.

Cons:

  • Fees are high.
  • You cannot sell bitcoins.
  • All of its functions are not available in some countries.
  • It supports payment by only credit/debit cards and not PayPal.

Coinbase

Coinbase

Coinbase is one of the effective mediums to trade bitcoin, ether, and litecoin. Coinbase supports over 32 countries; letting you trade using your local currency. Amazingly, your digital assets are stored in an offline storage, and its multi-signature vault gives you more control over your funds. It also provides apps for Android and iOS devices.

What I like is; Coinbase protects your digital assets with its insurance policy, i.e., you’re protected even if the exchange lose your funds due to a hack or system failure. Moreover, it also lets you schedule your purchases monthly or weekly to invest with discipline.

Pros:

  • It has easy and clean interface suitable for new users.
  • You can set automatic payments to buy cryptocurrencies.
  • Coinbase maintains high security towards your stored digital assets.
  • Its insurance policy protects your digital currencies stored on its servers.

Cons:

  • Various countries are not supported including India, China, Russia, Germany, etc.
  • It has limited payment methods like credit/debit cards, bank deposit, and PayPal.
  • It poses certain limitations on trading bitcoins.
  • Its transaction fees are high.
USABILITY PRIVACY SPEED FEES REPUTATION LIMITS
Easy Low Average Average Trusted High

LocalBitcoins

LocalBitcoins

It is a peer-to-peer exchange that enables you to post exchange ads stating exchange rate and payment methods for trading bitcoins. That means, LocalBitcoins is a person-to-person bitcoin exchange where you can buy and sell bitcoins. Its web wallet stores your bitcoins from where you can sell them or transfer them to your personal bitcoin wallet.

What I like is all online trades on LocalBitcoins are protected with escrow system to avoid frauds and scams, similarly to escrow system on freelance job sites or other peer-to-peer sites. Interestingly, you can also enhance your account’s security by enabling 2-factor authentication and login guard to protect your account from unauthorized logins.

Pros:

  • It lets you trade bitcoins in 248 countries including Bangladesh, Belgium, Brazil, Greece, India, Japan, Switzerland, and many more.
  • It supports various payment methods including PayPal and credit card.
  • Its escrow system protects you from online frauds.
  • It provides various methods for improving security.

Cons:

  • Chances of scams are high if precautions aren’t taken.
  • It’s expensive to buy with credit cards and PayPal.
  • Fees can be higher if you’re trading using cash because people are ready to pay extra for the privacy offered while trading with cash on LocalBitcoins.

CEX.IO

CEX-IO

CEX.IO encrypts your complete data and provides strong security to your account. It supports almost 99% of countries and executes orders quickly. What fascinated me about CEX.IO is, it supports the popular payment methods and avails downloadable reports.

Surprisingly, it also supports margin trading and automatic funds borrowing along with numerous features for professional traders. CEX.IO protects your account against DDoS attacks, and it’s compliant with PCI DSS standards like above given secure exchanges.

Pros:

  • CEX.IO supports the various payment methods including credit/debit cards (VISA and MasterCard), bank transfer (SWIFT and SEPA), and coins (BTC and ETH).
  • 0% trade fee for makers, and special conditions for high-volume traders.

Cons:

  • It supports US dollars, euros and rubles only.
  • High fees is charged for trading bitcoins.
  • Bank withdrawals might be expensive.
  • Its interface may not seem easy to new users.
USABILITY PRIVACY SPEED FEES REPUTATION LIMITS
Average Low Average Average Trusted Average

Bitstamp

Bitstamp

Bitstamp is a safe bitcoin exchange that secures your digital funds offline like many others. What I like is, it offers transparent volume-based pricing with zero hidden charges. Users can trade instantly using the major credit cards or the popular cryptocurrencies. Bitstamp supports trading in various coins and suits newbies as well as professional traders.

Pros:

  • Boasts to be first fully-licensed exchange by Luxembourg’s Ministry of Finance.
  • It supports instant trading with the major credit cards like VISA and MasterCard.
  • Provides strong security by storing 98% of funds offline and having yearly audits.
  • Supports exchanging using the major fiat currencies like US dollars and euros, and popular cryptocurrencies like ETH, XRP, LTC, etc.

Cons:

  • Withdrawals are not instant and may take 2 – 5 days.
  • Trading fees are higher if you are trading lower volume.

Kraken

Kraken

Kraken is a professional bitcoin exchange that offers high liquidity and implements high security and keeps funds in cold storage. Surprisingly, it offers leveraged bitcoin margin trading and features advanced order types for professional traders. This exchange’s funds are cryptographically verified and maintains very robust security standards.

Pros:

  • High liquidity in trades.
  • Charges as low as 0% based on volume.
  • Kraken offers solid security including encrypted cold storage.
  • Supports numerous currencies including US & Canadian dollars, pounds and yens.

Cons:

  • Support response are delayed at sometimes.
  • Depositing currencies can be expensive in US and Canada.
  • You may require documents like identity proof and residence proof for opening an advanced type of account on the Kraken platform, like opening a bank account.
USABILITY PRIVACY SPEED FEES REPUTATION LIMITS
Hard Low Average Low Trusted High

BitBay

BitBay

BitBay is an easy-to-use trading platform that supports fast withdrawals and deposits. It keeps your account secured using 2-factor authentication, and notifies every account activity directly for safety purposes. I liked its “Instant Buying” and “Instant Selling” options which works just like you’re buying from or selling to BitBay immediately.

Pros:

  • “Instant Buying” and “Instant Selling” options lets you trade quickly.
  • Supports trading using popular fiat currencies like US dollars and euros.
  • Various tools are integrated with BitBay such as Bitcoin Ticker, TabTrader, Bitcoin Checker, etc. for advanced trading on this platform.
  • Good affiliate program that offers 20% of BitBay’s commission to referrals.

Cons:

  • Fees can be high for international customers.
  • Beginners might find the interface as difficult.
  • You need to verify your account to avail all of its functions.

HitBTC

HitBTC

It is a bitcoin exchange which is feature-packed and built on the best technology, letting you buy and sell effortlessly. HitBTC incorporates advanced encryption technology and 2-factor authentication to give you peace of mind and help you trade safely. It consists of a fast and responsive interface that lets you trade easily without any registration process.

Pros:

  • 2-factor authentication is enabled.
  • No registration is required to start trading bitcoins.
  • It provides robust security including advanced encryption and cold storage.
  • Supports trading many cryptocurrencies like BTC, ETH, XMR, DASH, LTC, BCC, etc.

Cons:

  • Its interface is not as easy as Coinbase.
  • Its account verification process can be time-consuming.
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Here are a few more:

OKCoin
OKCoin

This Hong Kong-headquartered bitcoin exchange is appealing for both traders and investors. The website is less flashy than the rest but practical. OKCoin is best for experienced traders with high familiarity with trading tools and platforms.

Best for: Traders

Choose another exchange if: You are not a trader.

BitQuick
BitQuick

As the name suggests, BitQuick is all about speed. How it operates is similar to LocalBitcoins where you buy and sell from other individuals. Buying bitcoins will incur 2% fee. However selling bitcoins are free.

Best for: Fast transactions

Choose another exchange if: Speed isn’t a factor.

Circle
Circle

Circle is a pretty-looking platform and suitable for light to casual bitcoin users. Marketed first as a user-friendly payment platform with chat integration, you can link debit card, credit card or bank account to send money via Bitcoin’s blockchain to friends and family.

Best for: New bitcoin users who need funds transfer solution rather than holding bitcoin

Choose another exchange if: You truly want to keep the bitcoin or blockchain part invisible.

E-Coin

This bitcoin service provider is known better as one of the top bitcoin debit card providers. E-Coin is included in this list as they allow indirect bitcoin purchase with PayPal, which is rare. You can also buy bitcoins with PayPal with other services such as Paxful – both options incur higher fees.

Best for: Buying bitcoins with Paypal (by topping up the virtual debit card with funds from PayPal)

Choose another exchange if: You don’t want or like the idea of bitcoin debit cards.

Which should you choose?

Well, it depends on your requirements. What I mean to say is first of all, think what are your requirements apart from safety and security, and then choose one of the above services. For example, do you need to exchange or trade, do you need to use mobile app, etc.

If you ask me, if I’d need an easy to use exchange service, I’ll go for Coinbase. If I’d need total privacy of my identity and funds, then I’ll choose LocalBitcoins and trade directly with the seller in cash. And apart from your requirements, you must also check if your chosen service is available and supported in your country before looking for any more info.

Hope you find this post helpful. Happy trading!

The post 10 Trusted Bitcoin Exchanges to Buy BTCs Safely appeared first on Hongkiat.

Hongkiat

5 Websites to Track Live Bitcoin Exchange Rates

Bitcoin may have become relatively more stable as of late, even after numerous security scares, but it’s still far from being completely stable. Bitcoin and other cryptocurrencies, unlike fiat currencies like the US Dollar, isn’t backed by governments and aren’t influenced by monetary policy.

This makes it a lot more like gold than any other currency, since its value rests entirely on how much people are willing to pay, and how much its users believe in it. This, as you can imagine, can lead to volatility and uncertainty.

Given this uncertainty and potential for volatility, it would be quite a smart move to keep an eye on the value of Bitcoin, especially if you’re trying to make a profit from an investment. Even if you’re not an investor, it’s still a good idea to be aware, just in case. Here’s a list of 10 sites that you can use to track the value of Bitcoin.

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BitcoinWisdom

BitcoinWisdom

BitcoinWisdom tracks the price of Bitcoin on a number of major exchanges such as Bitstamp, BTC-e and Coinbase. BitcoinWisdom also tracks the price of Bitcoin in relation to other cryptocurrencies on exchanges such as Cryptsy and Bter. BitcoinWisdom has a few settings you can tweak, including chart styles and depth ranges.

The tracker updates in real time, and you can choose the time interval for the main graph, ranging from one minute to one week. Bitcoin Wisdom also has Bitcoin and Litecoin difficulty charts and mining calculators.

CoinDesk

CoinDesk

CoinDesk’s Bitcoin price tracker has both their own Bitcoin Price Index (BPI), which averages the prices from three leading Bitcoin exchanges: Bitfinex, Bitstamp and BTC-e. The graph can display either the BPI, or price data from any of the three exchanges. Historical data for Mt. Gox is also included.

CoinDesk can display both Closing and Open, High, Low, Close (OHLC) price data. The time frame for the graph ranges from 1 hour to an All setting that goes back as far as possible. You can also set a custom time frame.

Bitcoinity

Bitcoinity

Bitcoinity tracks the price of Bitcoin across a number of different exchanges and currencies. Unlike most trackers, Bitcoinity has a preferences section where you can customize your experience. You can, amongst others, choose the default theme, the precision of the price, whether to show prices in BTC or mBTC and hide trades smaller than a certain amount.

Bitcoinity has an alternate light-colored theme if you don’t like the default color scheme. The time range for the price chart ranges from 10 minutes up to a historical 2 year view. The change graph ranges from 1 minute to 1 hour. It also lets you zoom in and out.

Coinbase

Coinbase

Coinbase isn’t a dedicated price tracker, but still has a Charts view that tracks Bitcoin’s price. Coinbase has charts that track Bitcoin price in USD as well as the number of Bitcoin transactions per day. Coinbase is one of the few trackers that also tracks transaction volume, which may be of interest to some.

Like most other trackers, you can select the time range of the graph, from 1 day up to an All option. You can also set a custom time range. Coinbase doesn’t explicitly state the source of their price data.

Winkdex has a remarkably clean interface and gives you a number of range options, from as short as one day up to a Max option that shows all available data. Winkdex is still in beta and might have some bugs that need to be ironed out.

Bitcoin Charts

Bitcoin Charts is probably the most comprehensive Bitcoin price tracker available. Bitcoin Charts tracks the price of Bitcoin in relation to a large number of currencies, including USD, EUR, GBP, JPY and even Ripple.

Bitcoin Charts has a few different chart types and can even show moving averages and technical indicators such as accumulation/distribution and rate of change.

The time range for the charts can be as short as 1 day and as long as 8 years, with an All Data option. As you might expect, there isn’t enough data for the 4- and 8-year time ranges. Bitcoin Charts also has charts showing Bitcoin exchange volume distribution.

Bonus:

Blockchain
Blockchain

Blockchain draws its data from Bitcoinity, but presents it in a slightly easier to use way. Unlike Bitcoinity, Blockchain only tracks three currencies: USD, EUR and GBP. Blockchain also shows the BTC-e chat room in a small window, so you can keep up to date with all the gossip and discussion going on there.

The time range for the price chart on Blockchain ranges from 10 minutes up to 6 months, while the change graph ranges from 1 minute to 1 hour. You can also zoom in and out of the change graph.

Bitcoin Ticker
Bitcoin-Ticker

Bitcoin Ticker tracks the value of Bitcoin in real time on six different exchanges. These exchanges include BitStamp, BTCChina, Bitfinex and Kraken. Bitcoin Tracker also has a news ticker that shows all the latest Bitcoin-related news, as well as a real-time readout of buy and sell orders on the respective exchanges.

The graph has a time range from 10 minutes to All Time. Bitcoin Ticker also has a Combined view mode that shows real-time price graphs for Bitfinex, Huobi, BitStamp and BTC-e on the same screen.

The post 5 Websites to Track Live Bitcoin Exchange Rates appeared first on Hongkiat.

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