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Top Bitcoin Exchange by Volume 2018-2019
If you are a crypto enthusiastic and want to trade with digital currencies then you must aware of different exchanges. Bitcoin is one of the top cryptocurrency with highest price.There are plenty of exchanges which allows you to buy and sell Bitcoins but not every platform gives you favorable features. If you are in search of the best Bitcoin exchange then you are in the exact place Here I will describe the best platforms to buy and sell Bitcoins with fiat currency.
What is a Bitcoin Exchange?
Bitcoin exchanges are the sites which allow you to purchase, sell and exchange Bitcoins with other Cryptocurrency or traditional currencies. If you want to trade professionally with Bitcoins to utilize the modern tools then you must need a Bitcoin exchange. In many countries There are Bitcoin ATM setup, just put the bitcoin inside it and withdraw money. For further movement, you have to verify your ID and open an account on Bitcoin exchange. On the other hand, if you want to use these platforms occasionally then you don’t need to make an account. But you must have bitcoin wallet to store bitcoins.
The best Bitcoin Exchange to buy and sell Bitcoins
The initial name of Bitbuy.ca was InstaBT and it was founded in 2013. It is a Canadian owned platform which allows you to exchange, buy and sell your Bitcoins. Bitbuy offers you easy, dependable and reliable access to Bitcoins. The most prominent features of this platforms of this exchange which has ranked it on the top position in my best bitcoin exchange are easy to use, great customer services and fast registration. If you are looking for a reliable exchange then it is the best choice for you.
Let’s discuss our another exchange which I have included in my best Bitcoin exchange is Coinbase. Around millions of users are using it worldwide and it is also the most famous platform to buy and sell Bitcoins. Coinbase permits you to buy, sell, store Bitcoins in a secure and easy way. You can buy Bitcoins with the Digital Wallet which is available on your smartphones or you can buy via GDAX. Coinbase is a reputed exchange and also user-friendly. If you are a beginner then this is one of the best platforms for you to exchange Bitcoins.
Kraken is one of the hugest Bitcoin exchange in Euro volume and also in terms of liquidity. It was launched in 2011. Karken allows you to buy and sell Bitcoins and also enables you to trade Bitcoins with euros, US Dollars, Canadian Dollars, Pounds, and Yen. Karken is also a reputed platform and offers you fewer transaction fees. It comes with great customer support and if you are an experienced trader then it is the must choose exchange for you. One and only drawback of this exchange is that it is not for beginners because of its complex user-interface.
If you are looking for the most reliable exchange to trade your Bitcoins then Bitstamp is the perfect choice for you. It was released in 2011. It is also known as the leading generation Bitcoin exchange which has created a loyal customer base. It is quite popular for its tough security as it permits you two-step authentication which promises you the security of your coins. You don’t need to worry about transaction charges as its fees is too low. Comes with a good customer support which is available 24/7 so you just need to create a free account for getting started.
Let’s discuss our next exchange which secures the place in our best bitcoin exchange, Bitsquare. It gives you an easy to use interface where you can buy and sell Bitcoins with fiat currencies and other digital currency. Bitsquare is a p2p network to which you can ingress without any registration. This platform also permits you the great security with multisig address, security deposits. If you are looking for a platform which doesn’t open your identity then Bitsquare is the best choice for you. One and only shortcoming of this exchange is that it contains poor customer support.
How to buy Bitcoins from the Bitcoin exchange?
After choosing the perfect exchange its time to learn how to purchase Bitcoins through it. You need a photo of your official ID and proof of your address. For buying Bitcoins via these platforms you can pay with your bank account or credit card. Some exchanges accept payments via Paypal. Every platform contains different functionality for setting up and transaction and you must give your proper details to buy Bitcoins. After receiving your payment the exchange will buy Bitcoins as a representative and deposit them in your wallet. This process consumes a few minutes but many times it can take hours due to network issues.
Is Bitcoin exchange legal?
Although Bitcoin has introduced in 2009 still there is confusion about its legality. In fact is it legal or not can be determined on the basis of location and the activity of the customer. One more thing which will help you to ensure its legacy that it is not issued or regulated by any Central bank. Bitcoins are generated by a computer-based process which is known as mining. Another fact is not it is not touchable as it is not present physically. You can buy goods with Bitcoins straight from online retailers. Now the question is that how legal Bitcoins exchanges are? many countries are in favor of Bitcoin exchanges like The US, Canada, Australia etc. On the other hand, some countries say no to Bitcoins so there is no exact answer whether Bitcoin exchange legal or not.
Bitcoin is the largest cryptocurrency and millions of investors are curious to invest in. Bitcoin exchanges allow you to make transactions for buying and selling Bitcoins and here I have stated the best Bitcoin exchanges. Also figured out the process to buy bitcoins via exchanges. But there is also different assumptions of its legacy and it is in a legal grey area for many countries. Still, any query regarding These platforms then comments below and also share your experiences with us.For more updates stay connected.