The Best Cryptocurrency Exchange in 2018

The Best Cryptocurrency Exchange for Investors

If you think investing in cryptocurrencies is the way forward for you, then you must identify the best cryptocurrency exchange for buying or selling of your preferred virtual coins. Whether you intend to stick to just one type of cryptocurrency or even if you’re keen on investing in a couple of altcoins, it’s crucial to trade them via a reliable cryptocurrency exchange. Here, find out more about the leading cryptocurrency exchanges that are ideal from investment point of view.

Cryptocurrency Exchange Defined

Before you invest in cryptocurrencies, it’s important to understand what cryptocurrency exchange is all about. Simply put, a cryptocurrency exchange is an online portal used for purchasing, selling or exchanging different cryptocurrencies for a number of digital currencies or even fiat currencies such as the Euro or the USD. Traders who’re interested in professional trading must use cryptocurrency exchanges for trading a wide range of cryptocurrencies.

The Best Cryptocurrency Exchange

As already stated above, those interested in crypto trading have the option of choosing from among multiple cryptocurrency exchanges available on the internet today. While, some cryptocurrency exchanges are essentially trading platforms that help sellers and buyers in connecting with each other and also charge a certain amount of fee for all the transactions that takes place through their portals, other exchanges function as direct trading platforms. Such platforms allow investors around the globe to exchange currencies with one another directly. They do not charge any fixed price and hence the seller sets his/her own rate of exchange. Alternatively, cryptocurrency enthusiasts can also turn to brokers for purchasing different cryptocurrencies at prices fixed by them. Brokers who sell cryptocurrencies function in the same manner as the forex dealers.

Tips for Joining an Exchange

When it comes to joining a cryptocurrency exchange look for things such as the reputation of the exchange, its fee, method of payments offered by the exchange and restrictions (if any) placed by the same. Additionally, investors must also find the exchange rate as well as the verification requirements of their preferred exchange.

Cryptocurrency Exchanges

Depending upon their requirements and preferences, investors can opt for any one of the below mentioned cryptocurrency exchanges:

Binance: One of the newest exchanges in the industry. The company raised around $15 million in an ICO this past July (2017) and immediately acquired 20,000 registered users as part of the raise.In January 2018 Binance have more than 500 000 users 
Visit https://binance.com/

Coinbase: This exchange is popular among millions of investors. The platform offers secure buying, using as well as storage and trading if digital currency.

Kraken: Established in 2011, this is one of the largest exchanges for trading bitcoins in Euro. The exchange lets you purchase as well as sell off bitcoins. It also enables investors in trading between euros and bitcoins. The platform can also be used for trading other cryptocurrrencies including Monero, Ethereum, Augur, Litecoin etc.

Cex.io: This exchange allows trading of bitcoins as well as other virtual currencies. It also enables investors in trading fiat money in exchange for cryptocurrencies and vice-versa. The platform offers user-friendly website and is ideal for beginners looking for decent rate of exchange.

ShapeShift: Another exchange that allows trading of multiple cryptocurrencies, Shapeshift is recommended for those investors who wish to engage in trading without setting up any account or depending on any platform for holding their money.