So, which crypto exchanges are best to buy bitcoin?
You have enough platforms to choose from, but always remember that all exchanges are not created equal. Here are the 3 best bitcoin exchanges in no particular order, this list is based on user reviews, user-friendliness, accessibility, security and fees.
Kraken: This bitcoin exchange is based in San Francisco, USA, it is the largest bitcoin exchanges in Euro and it is a partner in the first cryptocurrency bank. You can trade other digital currencies like Monero, Ethereum, Dogecoin, Stellar, Ripple, Litecoin and more. Kraken allows you to transact or trade your bitcoins with Euros, US dollars, British pounds, Canadian dollars and Japanese Yen.
Kraken has a good reputation, it’s easy to use with decent exchange rates. That’s not all, it comes with low transaction fees, it’s secured and supported worldwide. Kraken does not currently accept deposits via credit cards, debit cards, PayPal, or similar services.
Poloniex: Poloniex is a bitcoin exchange that offers you a secure trading environment with so many bitcoin pairings, data analysis for advanced traders. It employs a maker-taker fee schedule for all trades, so fee changes depending on if you are the maker or taker and the amount traded.
Poloniex was founded in 2014 and has since then proven to be one of the world’s leading bitcoin exchanges with more than 100 different bitcoin pairings. It also offers a secure trading environment for beginners and experienced traders. There are no fees for withdrawals asides from fees required by the network.
LocalBitcoin: This bitcoin exchange is a peer-to-peer platform with buyers and sellers in so many cities around the world. You can buy, sell and meet up with people in your area through this exchange. You can deposit through PayPal, Skrill or even arrange to deposit cash at your local bank branch. It uses a 2-factor authentication to add extra security, preventing hackers from accessing your account, and it has to be done by you, the user.
LocalBitcoins also keep a record of the browser that is constantly used for logging into your account. If you use a new IP address, then you have to pass through a verification process through email to confirm your identity. It’s beginner-friendly and available worldwide.
Conclusion
Choosing the best bitcoin exchange platform according to your needs can be a difficult and time-consuming process sometimes. You should never forget that you are not limited to using only one bitcoin exchange.
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