As the market for cryptocurrencies grows, new exchanges continue to appear where we can acquire them and open exchange operations. With so many options available, it is difficult to decide what is best suited to meet our expectations. In this summary, we make an analysis of the best cryptocurrency exchange houses available.
An exchange, also known as an “exchange platform” or simply “exchange”, is a platform that allows trading with digital assets. Some of these exchanges have incorporated some fiat currencies to expand and facilitate the process for their clients.
The objective of these sites is to provide the tools to be able to exchange cryptocurrencies with each other and, in some cases, with other financial assets. Let’s not talk more about technical terms, let’s move on to evaluate the characteristics of the most popular exchanges.
Most popular exchanges
Coinbase
If you want to obtain cryptocurrencies directly and using fiat money, Coinbase is probably the most popular option. The Coinbase service is used by millions of people around the world. This exchange provides a very easy-to-use interface, where you can easily obtain 4 cryptocurrencies. Their offer is limited to bitcoin, Ethereum, Litecoin, and bitcoin cash.
Changelly
Changelly is a relatively new service. It was introduced in 2018 and allows the exchange of bitcoin and altcoins (alternative cryptocurrencies to bitcoin) quickly and easily. Changelly is not an exchange platform as such, but rather it is made of the APIs of other sites to make the exchanges. It is a fast service that allows you to exchange cryptocurrencies: you must have a Wallet outside Changelly where you can receive the funds. You can pay Changelly by sending cryptocurrencies or using your credit or debit card.
Bittrex
This exchange is one of the most popular on the market. It allows you to trade more than 200 digital currencies. Some features like offline fund storage and conditional orders make Bittrex one of the favorite exchanges. Note that Bittrex is a site that will feel a bit “technical” for you if you are a beginner.
It provides several useful graphical tools to evaluate the behavior of each coin. It was founded in the United States and is one of the best options to operate with cryptocurrencies. Their service is fast, stable, and easy to use. Registration is quite simple and the information requested is very basic. Bittrex is geared towards those who really want to do day trading.
CEX.io
CEX.io is a cryptocurrency exchange established in 2013. At first, it was the first cloud mining provider. Later, it became a cryptocurrency exchange platform. Currently, more than a million users trust CEX.io services to obtain and exchange BTC and altcoins. Its headquarters are in London and although it is not very popular, this is one of the best cryptocurrency exchanges today.
Bitfinex
Did you know that Bitfinex is the platform with the highest volume of transactions in bitcoin? Yes, along with OkEX, Bitfinex leads the list of exchanges with movements of bitcoins.
The Taiwan-based company has extraordinary market dominance and can be used as a benchmark for large money movements. Perhaps you have heard about the millionaire theft from Bitfinex. Well, this platform has reimbursed all affected users, which shows its solidity and legitimacy.
Most popular exchanges in Latin America
Bitso / México
Bitso is an exchange founded in 2014 in Mexico. Its target market is users from this country and Latin America. It allows you to buy bitcoin, Ethereum and Ripple using Mexican pesos directly. It has more than 36,000 registered users and is one of the few platforms that allows immediate BTC / MXN exchanges.
SatoshiTango / Argentina
This ambitious bet presented in Argentina, but with an “international” format, offers innovative options in the world of cryptocurrencies, especially when we talk about something that operates in Argentina.
The SatoshiTango platform works as a digital currency bank, offering various services: buying and selling bitcoin with Argentine pesos, requesting a VISA debit card to use your bitcoins anywhere in the world, paying for services with BTC, and sending/receiving it. digital currency using a Bitcoin address.
ChileBit / Chile
This Chilean cryptocurrency exchange platform that operates through an open-source system, allows the purchase, sale, and storage of bitcoins (it has its own wallets). The transactions are not immediate, but you can use your pesos to make a deposit to the account provided by the website.
The volume of transactions on this platform is low and it is difficult to find information on it, but Chilebit belongs to the BlinkTrade exchange network, which is a positive figure.
© 2024 Cryptopress. For informational purposes only, not offered as advice of any kind.
