Bitcoin has been gathering more and more attention lately, and many are considering to start investing in cryptocurrencies. If you are new to the Bitcoin scene, here is a list of the best exchanges to help you get started.
Coinbase
Coinbase is the most popularly used Bitcoin exchange to date. Founded in 2012 as a part of Y-Combinator, it has raised more than $106 dollars in capital.
There are two methods through which you can purchase Bitcoins. The first is via the CoinBase wallet and the second is through the Coinbase exchange. Purchasing through the Coinbase wallet is considered a direct buy from Coinbase, while buying Bitcoins through the exchange is done through trade with other users.
Pros:
- Very good reputation
- Highly trusted
- Low transaction fees
Cons:
- Limited geographical availability
- Slow responding support
Coinhouse
Coinhouse is very popular among European customers. Initially supplying its services for the citizens of France (being based in Paris and all), the company has expanded its operating area to all of Europe.
Pros:
- good reputation in Europe
- high buying limits
Cons
- limited only to Europe
- high exchange rates
Bittrex
Bittrex is a new and rapidly developing cryptocurrency exchange that suits the needs of those looking for a wide selection of altcoins for transactions. Founded in 2014 in the US, it has made a name as one of the world’s leading exchange platforms.
It has gained so many followers due to its positive user experience and strong security features. So far, it has had no hacks or attacks that have been successful in their attempts. The platform’s interface is user-friendly and easy to access.
Pros:
- well- functioning interface
- high security features
- over 250 altcoins
Cons:
- high fees
- account suspensions
- bad customer service
GDAX
As the sister trading exchange of the famous Coinbase exchange, GDAX has gained a lot of advantages through this relationship. Coinbase users can use the same account to log into GDAX, transfer their assets and start trading coins.
Due to its affiliation, it is considered to have a good reputation on the crypto exchange market, although there have been some successful hack attempts.
GDAX supports Bitcoin, Ethereum and Litecoin.
Pros:
- Good reputation
- Reasonable fees
Cons:
- crash on the Ethereum exchange
- limited selection of altcoins
Gemini
Gemini is a Bitcoin exchange that since its creation in 2015 has gained a lot of praise and support for being one of the most trustworthy and legitimate trading platforms.
The owners of the company work with regulators to make Gemini conform to banking and legal legislation. Starting out as an exchange based in US, it has not kept the same market cap as the rest of the competitions, but a worldwide launch is hoped to change its status in the following year.
The available cryptocurrencies are only Bitcoin and ether.
Pros:
- regulated
- trustworthy
- average fees
Cons:
- new to the market
- few currencies
Find out more about Gemini from Gemini Cryptocurrency Exchange Review.
In an overwhelming sea of Bitcoin exchange options, we hope our list was helpful in narrowing down your searches for the best crypto trading platform.
