The Beginners Guide to Crypto Currency Exchange


Cryptocurrency Exchange or Digital Currency Exchange is a business that involves the exchange of cryptocurrency and other assets such as cash or any other digital currency. It is a web service that provides electronic services with electronic forms and withdrawals.

Any transaction or transaction on the Digital Currency Exchange can be done with debit and credit cards, postal order orders, and any other types of transfers. This article discusses various cryptocurrency transactions that facilitate cryptocurrency trading for beginners and what they offer in terms of availability, ease of use, security, deposit/withdrawal methods, and fees. We hope that this cryptocurrency trading guide can help you get started with cryptocurrency trading.

Coinbase / GDAX

Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. It is located in 32 countries and currently serves more than 10 million customers. Launched in 2012, it has an easy-to-use interface that makes Digital Currency Exchange an easy task for a non-professional. Available for both iOS and Android. Unfortunately, Coinbase does not offer cryptocurrency mining for beginners and is only exchanged.

From now on, it offers four coins, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It trades digital currency with US dollars, Euros, and British Pound. With small transfer funds, Coinbase has never encountered any security breaches that make it a complete platform for digital currency exchange. In addition, Coinbase also offers a fully developed exchange called GDAX. It offers more advanced features and different and better trading currencies than Coinbase.

Bitstamp

Bitstamp is another platform that provides digital currency exchange. It is easy to use and offers the most advanced features with TradeView. Bitstamp offers coins such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and ripple. It converts digital currency to US dollars and Euros. You can use all the latest cryptocurrency trading methods in this exchange.

Provides Flat deposits with bank transfers and supports debit/credit cards. Perhaps the only drawback one can get from Bitstamp is the slightly higher cost and the fact that it has broken one security rule in 7 years of its operation. Still, it is one of the most reliable trades. Available on both iOS and Android.

Gemini

Gemini is a UK-based company launched in 2015 by the Winklevoss twins. It is available in a number of countries including the U.S., Canada, Hong Kong, Singapore, and South Korea. One of the disadvantages of this forum is that it is not easy to use. Therefore, beginners are not recommended to use this forum.

It offers two coins and 1 FLAT currency for Bitcoin Cash, Ehtereum, and US Dollars. Gemini follows strict agreements when it comes to security and since 2018, it has not encountered a single security breach that makes it one of the safest and most reliable digital currency platforms. However, it is important that you have digital investment strategies before you start trading.

Digital Ticks

Digital markers are a modern crypto exchange intended to be a game-changer in the industry. They have used many modern techniques to make it easier for anyone to start trading.

It has a unique feature called Single Portfolio View that can let traders see all the holding positions in a single portfolio. It can be easy for traders to make informed decisions about cryptocurrency trading using this unique feature. It also supports Bitcoin, Ethereum, Litecoin, and Dashcoin.

Kraken

Kraken is one of the oldest cryptocurrencies exchange platforms. Launched in 2011, Kraken is the largest exchange in terms of volume and liquidity of EUR trading pairs. It operates worldwide including in the US.

Kraken offers a variety of currencies including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin, and many more. It also supports the deposit/withdrawal of bank transfers and cryptocurrencies. Having a user-friendly interface that is not very friendly, and has problems with stability and performance but nonetheless, it is a good platform for cryptocurrency trading.

Bitfinex

Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface and offers an improved number of features such as trading margin, margin funding, etc. Available for both iOS and android forums. It offers BTC, BCH, ETH, LTC, IOTA, MXR, and NEO.
Like the previous cryptocurrency exchange, it supports withdrawals using US dollars and Euros via bank transfers. Bitfinex has faced two security breaches, the first of which was May 2015, which resulted in a loss of $ 330,000. And the second in August 2016 led to a loss of $ 72 million.

EtherDelta

EtherDelta is an exchange-based platform that directly supports peer-to-peer communication. It is very different from the previously discussed area of ​​cryptocurrency exchange. Here, funds are managed on a smart contract in the Ethereum network which is your sole responsibility to invest and withdraw money from. Currently, EtherDelta only supports Ehtereum-based tokens.

EtherDelta has confusing communications that make it difficult for users to perform cryptocurrency exchange tasks. At one point, someone tried to buy a 750 Kyber for 0.007 ETH each but ended up buying a 0.007 KNC for 750 ETH.

Conclusion

After looking at the various cryptocurrency trading platforms, we can safely say that Coinbase and Bitstamp are outstanding for their excellent features such as security, easy-to-use interface, multiple withdrawal/transfer methods, and much more.

I would not call them perfect but I would recommend the safest bet you can make. Every cryptocurrency trading platform is unique in its own way and has both pros and cons. We just have to choose the one that suits our needs. We hope that this basic cryptocurrency trading and trading guide will give you a start on your Cryptocurrency trading journey.

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