Last Updated on April 5, 2021 by cryptocreed
There are number of Bitcoin and Altcoin exchanges but it’s hard to find the best and suitable exchanges among all of them. Many people building their own exchanges site to scam people even after they don’t have any idea of coding. Building your own exchange site is not worth it until you can’t save your customer’s credentials. After the scam of Mt. Gox bitcoiners have many questions in their mind, is it safe to use exchanges website. Security of users of Exchange sites should be preferred.
That’s why we have created a list, this list places the exchange site that gives priority to the security of its customers.
Kraken
Kraken is the first choice of European people. Kraken support four residents are Europe, the USA, Canada, and Japan. Kraken is a giant of online trading and exchanges. They prefer the security of users first. Many people say that Kraken is Europe based site but according to their site, they are San Francisco-based exchange site.
As per the daily market report of Kraken, more than $191M traded on 3rd Nov 2017 for all markets. It is the best place for buyers who want to buy a large amount of Bitcoin
There are different fees taken by Kraken and it depends on two different factors. First is, on currency pair, different fees for different currency and the second one is on last 30-day trading volume. Visit their fee page for more details.
Users have to complete their KYC verification process in order to deposit or withdrawals. Every country has its own verification process so read here before the start.
Bitfinex
Bitfinex is the second most trusted Crypto Exchange site. Bitfinex covered around 10% of the total share of the USD trading market. It seems like Bitfinex has been made by keeping the traders in mind. Because the design of their website shows something similar. Bitfinex comes into existence in 2013. Bitfinex stores 99.5% of total assets in their cold storage and the rest of them allow for convenient actions.
There is no need to verify your account on Bitfinex if you are depositing in Crypto Currencies. Bitfinex takes 0.1% fee for market sellers and 0.2% from makers buyers.
CEX.IO
CEX.IO is the very cheapest place to exchange or buy Bitcoin and Altcoin. But with complex verification requirements. Buying Crypto through Bank is absolutely
free. Some US states are not allowed to use CEX.IO platforms like Alabama, Ohio and Washington, and others. Cex.io has IoS and Android mobile APP.
CEX.IO taking 0.2% transaction fees on every trading perform on-site. 3.9%+0.25$ fee on every purchase on CEX.IO.
There are some limits on depositing and withdrawing on CEX.IO there are four different levels Basics, Verified, Verified Plus, and Corporate.
Basic accounts allowed daily mini 300$ deposit and 500$ to withdraw. Verified account allowed to deposit 10000$ per day and up to 100,000$ per month. You can check limitations on their payment options page.
Bitstamp
Bitstamp is one of the oldest Bitcoin or Crypto exchange sites, running since 2011 with over 1Million accounts. Bitstamp is a European Union-based bitcoin exchange site. Bitstamp doesn’t require much verification time. Bitstamp required your national ID for verification.
Depositing and withdrawing through Bitcoin is free of charge. They are taking fee on trading is around 0.25% to 0.10%. Refer here to know more about the Fee structure.
Best Bitcoin and Altcoin Exchanges
