Top 5 Cryptocurrency Exchanges for Trading Bitcoin

The best cryptocurrency exchanges in the market for trading Bitcoin (BTC) would allow you to have a great exposure to the market and start making some profits if you are a good trader. You will be able to buy and sell digital assets through the best cryptocurrency exchanges in the market and start trading Bitcoin in just a few steps. 

In this guide, we will share with you which are some of the best cryptocurrency exchanges in the world and how you can start using them. Moreover, you will be able to start trading Bitcoin and also some other cryptocurrencies. 

Best Cryptocurrency Exchanges for Trading Bitcoin

All of the exchanges in this list are great platforms with different features and use cases. However, all of them would be great to start having exposure to the virtual currency market. Furthermore, you will get information about which are the best platforms according to your needs and how to improve your trading strategies. 

Binance

Binance is one of the most popular exchanges in the world. After being created in 2017 and launched to the market in the middle of Bitcoin’s bull run to $20,000, Binance was able to attract a large number of users from all over the world. 

The main characteristic of Binance is related to the large number of cryptocurrencies that it is currently offering. 2017 was also the year in which Initial Coin Offerings (ICOs) became popular and when many tokens started to be traded in the space. Binance allowed these tokens to have liquidity and a platform where investors could acquire these tokens. 

As Binance evolved over time, it added support to its Binance Coin (BNB) digital asset that is now among the top 10 largest in the world in terms of market valuation. Users will be able to enter the market and start trading Bitcoin in just a few steps. Indeed, Binance is considered one of the best cryptocurrency exchanges in the market alongside others. 

The team behind Binance has been also focusing on other solutions that many exchanges are not yet offering. For example, they have released a futures trading platform and a savings account that pays interest to users. Individuals can make deposits of virtual currencies and they will get rewarded on a daily basis. 

Furthermore, the trading interface offered by Binance would make it a great solution for both newcomers to the market and also expert traders that are searching for more professional tools to trade digital assets. 

Binance is in a constant innovation process, which means that it may be possible for the platform to launch new services and continue with its expansion plant to attract a larger number of users and provide more services to clients. 

Coinbase

Coinbase is also one of the best cryptocurrency exchanges in the world due to its longevity and services provided. It is worth pointing out that this platform has never experienced a hack, which means that it can be considered relatively secure compared to other exchanges. 

The firm was launched in June 2012 and since then it has onboarded thousands of clients located in several continents. At the same time, Coinbase is offering traders with the possibility to add fiat currencies to the platform, which would make it easier for users to have access to digital assets, including Bitcoin. 

The platform is very user-intuitive and it provides straightforward services. If you are a newcomer, this is going to be a good way to start using cryptocurrencies. In addition to it, if you have already been trading in the market for several years, Coinbase Pro could help you have access to a wide selection of digital currencies. 

This is going to be great for users to start handling cryptocurrencies and for experts to execute their trading strategies in the best possible way. This is why Coinbase is considered to be one of the most useful platforms for traders and newcomers. 

Coinbase accepts fiat deposits and trading, including the British pound (GBP), the U.S. dollar (USD) and the European euro (EUR). 

Kraken

Kraken is also one of the most popular exchanges in the market. Indeed, it has been operating since 2011, which makes of it one of the largest exchanges in the market as of today. This shows that the exchange has been offering services to cryptocurrency users since the MT Gox hack that affected the entire crypto industry.

The platform has been a great way to start using digital assets because it is possible to deposit fiat currencies using a bank account. Nowadays, exchanges are offering users only crypto deposits. Of course, not all, Coinbase is also allowing users to handle fiat currencies, among others. 

At the moment, SEPA cross-border bank transfers are accepted and users can start acquiring a large number of digital assets, including Bitcoin (BTC), Litecoin (LTC), Monero (XMR), the stablecoin Tether (USDT) and many others, including altcoins. Kraken has very competitive fees compared to other platforms and exchanges. 

BitMex

BitMex is one of the most advanced exchanges in the world since it is currently offering Bitcoin and crypto trading futures. The exchange is allowing individuals and traders to go long or short Bitcoin and other digital assets. 

Users on BitMex can also trade with leverage. That means they can borrow funds in order to execute their trades and increase their profits in the case they performed the correct trade. However, trading with leverage could be seriously risky, this is why it is recommended for investors with great knowledge of the market and with previous experience in different markets. 

BitMex is a great platform for advanced traders that are searching for new investment tools to improve their trading strategies. However, it is highly recommended to use stop-loss to trade with leverage and manage your funds in a proper way. 

Some other services provided by this platform include perpetual contracts, downside profit contracts, upside profit contracts and futures contracts. In the future, the platform could start offering new services and onboarding new users. 

Bitstamp

BitStamp is one of the most recognized exchanges in the market, specifically for their services offered to European users. The platform was founded back in 2011 and it is helping users to buy and sell digital currencies in just a few steps. 

It is worth mentioning that the platform offers a selected list of virtual currencies including Bitcoin, Ethereum, XRP, Litecoin or Bitcoin Cash. Moreover, users will have the chance of buying and selling them against fiat currencies, including the euro (EUR). 

The exchange is offering traditional trading services with market, limit, stop and instant orders that would be executed by their advanced trading system in the space. Users can easily acquire digital currencies using SEPA transfers in just a few simple steps. The funds would be deposited shortly after you make the transfer in order for you to be able to start trading as soon as possible. 

Regarding the fees offered by this platform, the exchange now has a deposit fee or wire transfer that is 0.05% of the total amount deposited. Moreover, the trading fees can change according to your trading volume. They can be as much as 0.25% per trade if you trade less than $20,000 or 0.10% if you are trading more than $20.000,000.