Best Crypto Exchanges Of 2021

What is a cryptocurrency exchange?

Cryptocurrency exchanges are websites where you can buy, sell, or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to fancy trading tools, you will likely need to use an exchange that requires you to verify your ID and open an account. If you just want to make the occasional, straightforward trade, there are also platforms that you can use that do not require an account.

Types of crypto exchanges

• Trading Platforms – These are websites that connect buyers and sellers and take a fee from each transaction.
• Direct Trading – These platforms offer direct person to person trading where individuals from different countries can exchange currency from their bank account. Direct trading exchanges don’t have a fixed market price, instead, each seller sets their own exchange rate.
• Brokers – These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker. Cryptocurrency brokers are similar to foreign exchange dealers.

What to look out for before joining crypto exchanges

It’s important to do a little homework before you start trading. Here are a few things you should check before making your first trade.

• Reputation – The best way to find out about an exchange is to search through reviews from individual users and well-known industry websites. You can ask any questions you might have on forums like BitcoinTalk or Reddit.
• Trading Fees – Most exchanges should have fee-related information on their websites. Before joining, make sure you understand deposit, transaction and withdrawal fees. Fees can differ substantially depending on the exchange you use.
• Payment Methods – What payment methods are available on the exchange? Credit card? Debit card? Wire transfer through your bank account? PayPal? Can you trade with USD EUR? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.
• Verification Requirements – The vast majority of the Bitcoin trading exchanges both in the US and the UK require some sort of ID verification in order to make deposits & withdrawals. Some exchanges will allow you to remain anonymous. Although verification, which can take up to a few days, might seem like a pain, it protects the exchange against all kinds of scams and money laundering.
• Geographical Restrictions – Some specific user functions offered by exchanges are only accessible from certain countries. Make sure the exchange you want to join allows full access to all platform tools and functions in the country you currently live in.
• Exchange Rate – Different exchanges have different rates. You will be surprised how much you can save if you shop around. It’s not uncommon for rates to fluctuate up to 10% and even higher in some instances.

Which crypto exchanges are best to buy bitcoin?

FTX Exchange ($FTT Token) is a leveraged cryptocurrency trading platform offering derivatives trading. The key advantage of FTX is that it built by professional traders “Alameda research” – a quant trading firm that is responsible for 30% of the market trading volume on major exchanges. FTX offers innovative products not found on other exchanges such as MOVE indices that track the volatility of cryptocurrencies and leveraged tokens (such as the 3XBULL tokens) which are long positions represented by ERC-20 tokens. In this review, we’ll explain the products on offer and how to use FTX exchange. In addition, we’ll look at the platform safety measures such as liquidation & clawback protection. Finally, we’ll look at the FTX trading fees and trading discounts (such as the $FTT native platform token).

CLICK THIS LINK TO SIGN UP FOR FTX AND GET 5% OFF ON ALL TRADES!!!

If your focus is to conduct crypto-to-crypto trading, Binance is one of the best options. Ranked as one of the most popular cryptocurrency exchanges worldwide, they provide you with impressive offerings along with an extremely low trading fee. Although the Binance platform is a young entrant into the market, it is rapidly growing, and holds a huge selection of altcoins with Bitcoin, Ethereum, and Tether pairings.

The exchange offers its own coin termed as BNB (Binance coin). Being a centralized exchange, you can get decent discounts while conducting trade with their token. Binance offers a standard trading fee of only 0.1% which can even be reduced further if the payment is made with in BNB.

CLICK THIS LINK TO SIGN UP FOR BINANCE AND GET DISCOUNT ON ALL TRADES!!!