Cryptocurrency Exchanges are among the biggest winners of the rising popularity of cryptocurrencies. With so many cryptocurrency exchanges thriving in today’s markets, new traders can hardly keep up. We’ve handpicked the best bitcoin exchange sites in your country ranking them by speed, cost, international accessibility, trading features and user confidence.
eToro is unarguably one of the largest online trading sites in the cryptocurrency industry available for people in the United Kingdom, United States, Australia, Germany, and several other countries. Established in 2006, eToro is a trading platform that allows users to trade a variety of markets, including stock, forex, and cryptocurrencies.
It is highly secure because it is monitored and regulated by the Securities and Exchange Commission (SEC), Financial Conduct Authority (FCA), and the Australian Securities and Investment Commission (ASIC). Several advantages come with trading on eToro. Beyond offering a free crypto wallet, eToro also gives users access to a crypto portfolio, and you are allowed to buy major cryptocurrencies other than Bitcoin. Hence, you can trade the cryptocurrencies as CFDs.
Another trusted Bitcoin exchange site is Plus500. Like eToro, Plus500 gives users the opportunity to trade in a variety of cryptocurrencies. It allows for 24/7 trading except for an hour on Sunday, between the times, 13:00 to 14:00 UTC.
Plus500 makes trading quite easy for users, especially newbies, with its free demo account that has just about the same features as the live account and is available for an unlimited period. This enables you to practice and test strategies before going all-in with your money. Plus500 does not charge a commission for trading cryptocurrencies; rather, it relies on the spreads from the trades made. Plus500 is not only popular, but it is safe and secure as it is under the regulation of international bodies such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), and others.
Binance is a trading site that utilizes very high levels of safety and security measures with multi-tier and multi-clustered architecture. It also has a unique matching engine capable of executing around 1.4 million trade orders per second, making it one of the fastest exchange sites around the world. Binance offers trading pairs with BTC, other cryptocurrencies; however, it is known for its prominence with the BTC coin. If you are a user of fiat currency, you should take note that you will need to use another crypto site to change your fiat currency to enjoy free deposits on Binance. The site does not charge fees when you want to deposit any crypto assets, and its base fee for trading crypto assets is 0.1%.
Coinbase was launched in 2012 in San Francisco, and it is one of the best bitcoin exchange sites currently available in over 32 countries and serves over 12 million customers. It is safe and secure because it complied with stringent US federal and state laws and several financial services and consumer protection laws, including the Bank Secrecy Act and FinCEN (since it is registered as a money service business).
The mobile wallet on Coinbase makes it easy to store, send, and receive major cryptocurrencies securely. The wallet features smart tools in Coinbase, which helps users to build their cryptocurrency knowledge and portfolio, and the app is quite compatible with both android and iOS devices enabling newbies to practice as much as they can on- the- go. All trader funds are kept apart in separate accounts. Payment fees on Coinbase range between 1.49% and 3.99% depending on the payment method and country of residence.
Choosing the right exchange can be difficult for novice traders or those who are trying trading for the first time. Other methods available for new traders of any level are trading bots.