Top 10 crypto exchanges to smoothen your buying experience

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 Top 10 crypto exchanges to smoothen your buying experience
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Trading or investing in cryptocurrencies or other digital forms of money have gained attention recently. By investing in cryptocurrencies, one can be filthy rich within a few transactions, or one can also lose all of their money. Investing in crypto assets is risky at any given point of time. Besides its volatility, there is one other major risk, i.e, investors can lose their investment due to hacking, frauds, and similar criminal activities. But despite that cryptocurrency trading is a craze at present.  And going by the latest trends, it has never been so easy to put resources into and safely exchange digital currency as it is today.


When exchanging and buying Bitcoins, or other cryptographic forms of money, the principal concern is well-being and security. Cryptocurrency exchanges are vulnerable to become targets of criminal activities and hacking.  We are giving you a list of top exchanges dealing in cryptocurrency trading.

  1. Coinbase

San Francisco-based Coinbase is one of the most significant online digital currency exchanging platforms, which is backed trusted investors. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it astoundingly easy to purchase and sell important digital money sets. It is available to users in 55 countries, as of the current year.

You can even procure cryptocurrency rewards through Coinbase's particular Coinbase Earn highlight. Further developed traders will cherish the Coinbase Pro stage, which offers more order types and upgraded features.

How legit it is: Coinbase is certified as a legitimate cryptocurrency exchange and broker. Till date, the exchange has not faced any incident of hacking.

Also read: What does FCA’s ban on Binance mean?

  1. BC Bitcoin

Considered one of the most trusted digital currency trades in the United Kingdom, BC Bitcoin is an expert in the UK digital currency business firm. The organisation offers a broad scope of coins and tokens and purchases and sells all significant digital forms of money, including Bitcoin, Bitcoin Cash, Ripple, Ethereum, and Litecoin.

It offers something called Cold Storage or Bitcoin Insurance, which allows the customers to store their purchased cryptocurrencies with them in cold storage and charge 0.5% as entry fee, and another 0.75% annual fee, which can be paid every month in equal parts. While withdrawing the funds, customers will have to pay an exit fee of 0.5%.

How legit it is: BC Bitcoin is considered as a secure, trusted brokerage. Although, its online security is a not fool proof as per various reports. The Two-Factor Authentication feature is missing, which means the exchange account is only protected by one’s e-mail address and password.

 

  1. Localbitcoins.com

Based in Helsinki, Finland, LocalBitcoins.com is individual-to-individual cryptocurrency money exchanging site that connects customers and merchants to exchange bitcoins or other digital currencies against.

How legit it is: Localbitcoins.com is one of the most popular P2P exchanges. But it is also prone and easily accessible by scammers. The scammers are able to break into the security and reach users accounts and hack them.

Also read: Why is Cryptocurrency popular? Will Ethereum overtake Bitcoin?

  1. Bit2Me

Based in Spain, Bit2me links your bank and your crypto interests on a single platform. Indeed, you can put resources into cryptocurrency at bit2me, yet you can likewise deal with your financial balance very much like you typically would. The site shares current crypto values assists you with registering in minutes and supports a few payment methods — SEPA, tikebit, MasterCard, and Visa. Around 150 banks in the European Union are accepted on it. Download the bit2me application if you need to bring it with you. It additionally assists with benefiting yourself from the multitude of alternatives the firm provides.

How legit it is: Bit2Me is one of the safest platforms available in Europe, which initially started its operations in Spain. It offers its users to save their currencies in hardware external wallets for extra security.

  1. Quickbitcoin

The UK-based exchange is a leader in crypto trading when it comes to speed that empowers individuals to buy digital money rapidly and effectively within the UK. By utilising standard UK bank transfers, the average time for an exchange to happen is under 10 minutes.

How legit it is: The exchange has got moderate reviews and considered to have a safe platform for its customers.

Also read: How do I report a Bitcoin fraud?

  1. Cashapp

CashApp operates on a peer-to-peer money transfer system. This kind of administration allows clients to part food, pay lease to a flatmate, or even shop online at a retailer that supports Cash App. Money App can go about as a ledger, and clients can have their Cash App check cards. This assistance is exceptionally advantageous without anyone else, yet Cash App has much more highlights.

How legit it is: The transactions are legal, and it is one of the easy-to-use platforms which allows customers to withdraw their crypto investments. But there is one shortcoming. Customers can’t control the private keys, which means if you don’t have access to private keys on your wallet, then customers might face issues in claiming it.

  1. Bisq

Bisq is downloadable programming and distributed decentralised Bitcoin and crypto trade. It has a peer-to-peer network and has adopted open-source desktop software, where registration is not required. Bisq is non-custodial, meaning that nobody other than the client can contact or control the assets. This contrasts with unified trades, Coinbase, as Coinbase controls the client's assets in a custodial record to which the client does not have the private keys. In that situation, Coinbase holds the option to hold onto your assets on the off chance that it considers your record movement dubious, regardless of whether the action is illicit in your area.

How legit it is: Bisq is easily downloadable by anyone. There is no formal registration process, which can be a matter of concern.

 

Also read: Top 10 Cryptocurrencies in the UK

  1. CEX.io

UK-based CEX.io is perhaps the most dependable fiat to crypto trading platform and has its workplaces in London. Such presence is supplemented by the variety of elite exchanging and contributing instruments that the organisation provides to new and existing cryptocurrency money financial backers.  One of the major drawbacks is it doesn’t deal with a lot of cryptocurrencies.

How legit it is: The site is legit, and it is marked as a Money Services Business. The agency’s license is called the Financial Crimes Enforcement Network (FinCEN). It provides all its customers a level two DSS certificate, which means they offer security to store, process your bitcoins.

But like other platforms, it is prone to hacking and can be risky for customers.

  1. EXMO

EXMO is the ideal crypto-exchanging trade due to its simple to-utilise exchanging interface. It is reasonable for both new and experienced brokers and offer use of several other fiat currencies, including GBP and EUR.

How legit it is: EXMO is not a regulated exchange. It is a firm registered with the Financial Crimes Enforcement Network (FinCEN) and has got permission to operate in UK and Europe. US investors and traders can’t use this platform as it doesn’t comply with their rules and regulations.

After the hacking incident in 2020, EXMO has not reported any case till date. The hacking wiped out around 6% of its funds in hot wallets.

 

Also read: What is Nansen Crypto?

  1. CoinJar UK

CoinJar is a domestic digital money exchange that serves the UK and European business sectors. The platform is brilliant, easy to understand, and ideal for all types of clients, including institutional financial backers.

How legit it is: It offers a safe and reliable exchange platform with high-grade security elements. For more security, it uses Transport Layer Security and data encryption. It gets regular security audits. It stores 90% of digital assets of its customers in cold wallets.

If you're simply beginning with purchasing cryptocurrency, search for a simple to use platform that is empowered with instructive assets to assist you with understanding this complex system of trading. If you're an advanced trader, you might need to ensure your favoured trade offers things like cut-off orders, which can forestall slippage by setting a hard cost—and edge you need.

 

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