2023-4-14 02:22 |
Introduction
Even in 2023, Bitcoin is the best-known cryptocurrency and a staple of the crypto market. After all, it was the first real cryptocurrency designed as a means of payment free of the control of any third party, be it government or corporations. By many metrics, such as market cap and trading volumes, Bitcoin is the best crypto asset. One of these metrics is investor demand, so it is a must for crypto exchanges to have a selection of BTC markets. But if all cryptocurrency exchanges let you trade Bitcoin, which one to choose?
First, you will need to decide on a type of trading platform. For Bitcoin specifically, you should choose between centralized exchanges or instant crypto exchange platforms. The former are better suited for crypto trading, they have a suite of features that crypto traders will appreciate. The latter kind of crypto platforms generally have an intuitive user interface and are a more straightforward introduction to start trading crypto.
There are also decentralized exchanges but due to how Bitcoin works, it is hardly possible to use it in decentralized finance directly. This is why we did not include any of these in our list of the best crypto exchanges, although it is worth checking them out for trading other crypto assets.
ChangeHero — Source the Best Rate from Top Crypto Exchanges without An AccountChangeHero is a popular instant crypto exchange platform that offers the easiest way to buy, sell, and exchange 150+ digital currencies including Bitcoin. You will not need to create a crypto exchange account to start: just open the website and follow the instructions.
It was founded in 2018 and has quickly gained popularity due to having transparent service fees that cover network and crypto exchange fees. It’s non-custodial, meaning it never requires you to deposit funds to your account and converts tokens directly to your crypto wallet.
To begin an exchange, provide the addresses of sending and receiving wallets, and choose between two types of exchange. “Fixed rate” makes sure you will get the same amount of BTC or other digital assets, which is useful in a highly volatile market. This option has higher trading fees to cover exchange rate changes. If you go for the “Best rate”, mind that you may get less or even more than expected. You can save on trading fees with this type, too.
Like all other best crypto exchanges, ChangeHero has a customer support service that is available 24/7. You can also buy and sell Bitcoin with fiat currency on their website but pay attention: it is provided by another service, which requires a KYC to prevent money laundering measures and has higher trading fees compared to most cryptocurrency exchanges.
SimpleSwap — Get the Best Rates from Cryptocurrency ExchangesFor an alternative to the previous instant crypto exchange platform, try SimpleSwap. They offer a choice of 300 digital assets to trade, of course, Bitcoin included. SimpleSwap also provides floating and fixed-rate exchanges that work as we described above.
As the name implies, SimpleSwap is easy to navigate and use even for beginners. They opt to perform crypto trading for you, so you only put in what you need to swap and get what you needed. It is also reliable and secure, making it another attractive service for quick crypto trading with no unnecessary headaches.
Binance — The Best Crypto Exchange by VolumeAmong the global crypto exchanges, Binance is probably the largest and most popular. It is a centralized exchange founded in 2017, which expanded to over 190 countries by today.
Binance offers markets for 500 digital assets, including margin and futures trading for advanced traders. It also has less complicated and straightforward ways to trade and buy Bitcoin, such as P2P markets and simple crypto conversions.
With Binance’s native cryptocurrency, BNB, users can get lower trading fees and even earn crypto rewards. The team makes sure its crypto exchange has every feature conceivable so there will not be much need for other crypto exchanges. Nevertheless, it’s a good idea to not keep all eggs in one basket and try many crypto exchanges.
Crypto.com — One-Stop Crypto Trading PlatformLike Binance, Crypto.com is a platform where you can avail an incredible variety of crypto services. It also was a spot crypto exchange first but grew to encompass a lot of advanced features for crypto trading. You can connect your bank account or top up your balance with a wire transfer to buy and sell Bitcoin. For storing crypto, they offer a crypto wallet which is keeping your private keys locally.
What is more, Crypto.com issues debit cards that let you pay millions of merchants and points of sale worldwide with digital assets. When you are not spending, you can grow your crypto holdings with staking and lending services. Crypto.com is great when it comes to the versatility of crypto services.
Bitstamp — A Reputable Cryptocurrency ExchangeFounded in 2011, Bitstamp is one of the oldest and most trusted cryptocurrency exchanges in the industry. Its Bitcoin markets and attractive trading fees make it competitive with other centralized exchanges.
Experienced users choose Bitstamp for margin trading and limit orders. As a leading crypto exchange should, it has a customer support service available round the clock and ready to help with any issue.
Bitstamp has proved itself as one of the best crypto exchanges for its rigorous security. The crypto assets on users’ balances and personal data are protected with two-factor authentication and state-of-the-art infosec technologies.
The post Safely Buy Bitcoin: The 5 Best Places to Consider appeared first on CaptainAltcoin.
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