The best exchanges for trading cryptocurrencies
The gold rush, which is remembered from textbooks and historical reports, has once again swept across the entire public, which strives to earn money and move forward on the wave of the trend.
However, if earlier people traveled to distant lands in search of precious gold, now everyone has started buying cryptocurrencies en masse, trying to make money on the huge ridge of growth in the rate of new money.
Just think, whether you are a housewife or an IT specialist, a trader or a businessman, as well as a hard worker, everyone has heard about the record growth of Bitcoin, Ether and other new money on all news channels.
Bloggers, media, information and educational sites are all, one way or another, discussing the new topic of cryptocurrencies, and the entire Internet segment is simply overflowing with advertising offers to invest in this or that project.
However, at the moment when a potential investor decides to invest in a new direction unfamiliar to him, the most important question arises, namely, how to take part in trading, where are the exchanges located and how to become their participants?
In this article, we will briefly introduce ourselves to the key exchanges that allow trading and exchanging cryptocurrencies.
The largest exchange platforms for trading cryptocurrency
If we consider the situation around cryptocurrencies, we can safely say that progress at all times has overtaken the bureaucratic and clumsy financial machine, which has been operating effectively from generation to generation.
Today, most states are faced with the dilemma of regulating and recognizing cryptocurrencies.
The most interesting thing is that, despite the fact that the world community has not yet developed a unified position on the regulation of cryptocurrencies, the segment itself has completely independently acquired the necessary infrastructure, exchanges and exchangers. Since there are a huge number of resources that provide the opportunity to trade cryptocurrencies, and most of them are simply scammers, we decided to offer you for your viewing the top largest exchange platforms that are created specifically for trading cryptocurrencies.
1. EXMO
EXMO is one of the largest exchanges in the post-Soviet space, which is supported in the Russian-language segment.
It is worth noting that the exchange itself was created in 2013 on the offshore islands of Great Britain, however, according to many confirmed sources of information, the company has Ukrainian roots.
A notable feature of the EXMO exchange is the ability to top up your account from more than ten sources, such as web money, qiwi, bank card, and so on.
Funds can be withdrawn both in the form of cryptocurrencies and to any other payment systems. The exchange also has a built-in automatic exchanger, which allows you to make an exchange and purchase the cryptocurrency the trader needs in a matter of seconds.
In EXMO, like in any other exchange, there is a commission for completed transactions.
Thus, the exchange takes a commission of 0.2 percent, regardless of the volume of the transaction, and also takes a small commission for withdrawing a deposit, depending on which payment system or cryptocurrency the funds are withdrawn to. The disadvantages include a very weak web platform, which is not designed for deep analysis and intraday trading.
Also, for full-fledged trading, you need to verify your account. 2. Poloniex
Poloniex is the world's largest exchange platform, where there is the largest trading turnover for Bitcoin.
It is worth noting that Poloniex is an American project, and the headquarters of the exchange itself is registered in Wilmington, Delaware, USA. The exchange provides the broadest opportunities for crypto traders, since about 365 crypto pairs participate in trading.
If we talk about the advantages of Poloniex, we should note a very low commission, which does not exceed 0.25 percent per transaction, as well as a more advanced online trading platform compared to EXMO.
The advantages include the absence of verification requirements, but at the same time, there is a restriction on withdrawal of funds for unverified participants.
If we talk about the disadvantages, then depositing funds into an account on the exchange is possible only through cryptocurrencies, as well as withdrawing them. 3. Bitfinex
Bitfinex, like the previous two exchanges described, was registered in 2013, but Bitfinex was fully registered in Hong Kong.
Bitfinex has both English and Russian versions of the site; moreover, the trading platform, compared to the two previous exchanges, is much superior in terms of technical functionality (there are indicators, graphical tools, various types of charts and time frames, and so on).
You can use the trading advantages of the exchange without verification, however, if you plan to withdraw funds in dollars or conduct any transactions with them, you will need to carry out verification.
One of the advantages of the exchange is the possibility of margin trading. It is worth noting that margin trading occurs not through the broker’s leverage, but through borrowing funds from other investors.
Therefore, you can make money on the exchange by providing margin to the trader’s positions by lending money.
In conclusion, it is worth noting that all currently existing cryptocurrency exchanges are practically not subject to any regulation by states and regulators.
Therefore, it is worth understanding that none of the investors is immune from the fact that the organizer of the exchange can at any time curtail its activities along with the money of investors’ traders and disappear forever; moreover, such cases have been recorded more than once.
At the same time, you can protect yourself and take advantage of all the delights of speculative trading through Forex brokers - http://time-forex.com/vsebrokery , which, unlike similar exchanges, are more regulated and under the control of financial institutions.