Cryptocurrencies is a digital currency that has no physical form but is stored in an online wallet on your computer or phone. Cryptocurrency exchanges are markets where you can buy, sell and trade cryptocurrencies.
Many people are using cryptocurrencies to buy goods and services without the need for a third party such as PayPal or credit card companies. Bitcoin was the first cryptocurrency to be created in 2009 by Satoshi Nakamoto and since then it has become one of the most expensive coins with over $245 billion in market capitalization.
Cryptocurrency exchanges are markets where you can buy, sell and trade cryptocurrencies such as Bitcoin. These exchanges also enable users to purchase cryptocurrency using various local currencies around the world. Users have various options for how they want their order executed, such as immediate execution at current market rates.
Below are the top 5 websites for cryptocurrency trading and bitcoin trading.
#1 CoinDesk – News, Analysis, Prices and More
CoinDesk is a news site that provides prices and analysis of cryptocurrencies. The site also offers occasional features on the sector those are more than just click-bait headlines.
The CoinDesk website is an informative website for cryptocurrency enthusiasts and investors. It provides valuable information on all aspects of cryptocurrency, from prices to the latest news and markets.
CoinDesk was founded in 2013 with a mission to be the most trusted source of news, information and data about cryptocurrencies such as Bitcoin. The site has grown to be one of the most visited sites in its space with over 10 million visitors per month, 200K Twitter followers and 65K Facebook likes.
#2 Coinbase – one of the most popular bitcoin exchanges
Coinbase is a cryptocurrency exchange that allows people to buy and sell bitcoin. Founded in 2012, it supports 10 countries and has bought various other cryptocurrency-related companies.
Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. From the beginning, Coinbase was designed to make cryptocurrencies easier for the general public to invest in. The company’s headquarters are located in San Francisco, California, with an office in New York City as well.
Coinbase supports 10 countries (UK, US, Canada, Singapore, Australia, Hong Kong SAR China (a Special Administrative Region of China), Japan (a nation), Italy (a region of Europe), France (another region of Europe), Germany (yet another region of Europe) and Ireland) at the moment but plans to support over 100 different
#3 Bitfinex – Trade Bitcoins and other cryptocoins
Bitfinex is the world’s #1 Bitcoin and crypto exchange.
Bitfinex offers the most advanced trading features in the industry, including margin trading, real-time and historical charts, and many others. Bitfinex also provides high liquidity in various markets by aggregating all bitcoin exchanges.
#4 Poloniex – Strictly for advanced traders
Poloniex is a cryptocurrency exchange, meaning that it deals with buying and selling of cryptocurrencies. With a cryptocurrency exchange, you can deposit your Bitcoins and trade them for another crypto or fiat currency (i.e. USD).
The Poloniex interface is very simple to use, but Poloniex is only for advanced traders who know how to handle the trading of volatile currencies. If you are new to the world of cryptocurrencies, please make sure to do your research before deciding which exchange is best for you.
Poloniex has strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policies in place, meaning that they scrutinize customer backgrounds before approving an account. This process can take anywhere from several days to weeks.
#5 Kraken – European exchange for Bitcoin, Litecoin, Monero and others
Kraken is one of the first exchanges for crypto coins. It was founded in 2011 and based in San Francisco, California.
Kraken has over 20 million users all over the world, and as of March 2017, it was ranked as one of the top 10 Bitcoin exchanges by volume. Kraken provides trading for many cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others.
CoinMarketCap: This is a comprehensive site that can provide you with all the data about cryptocurrencies, such as price, market volume, and so on. It also features an app for iOS and Android devices.
BitcoinTalk: The forum has been around since 2010 which makes it one of the oldest cryptocurrency communities in existence today. It focuses on cryptocurrencies such as Bitcoin but it has also become a social network where people meet each other to discuss ideas or post job offers.
Poloniex: This website is among the most popular cryptocurrency exchanges that offers more than 100 different types of digital assets to trade against Bitcoin. You can use this website both to trade cryptocurrencies or to convert bitcoins into other digital currencies such as Ethereum.