9 rows · Feb 02, · Best Bitcoin Trading Sites Taking into account daily trading volume, the . Jul 29, · The first step to get started trading bitcoin is choosing a reliable platform. When starting out with bitcoin trading, we recommend that you opt for a user-friendly, regulated broker such as eToro. 11 rows · Dec 08, · Are you looking for the best cryptocurrency trading platform to diversifying your Bitcoin portfolio by in altcoins and exotic tokens? There are several choices out there to choose from such as Coinbase, Binance and eToro. It can be challenging for beginners to know how to get started.5/5.
Sites trading bitcoinBest Places to Buy Bitcoin of
Take a look below at the best bitcoin trading sites to consider using when investing in digital currencies. Taking into account daily trading volume, the number of altcoins traded, trading fees, user reviews, and ease of use for beginners, here are our top picks. Each of the above-listed digital currency exchanges has unique features to offer.
It is up to you to choose which type of bitcoin trading site suits you and your investment needs the most. Happy trading! Bitcoin Market Journal is ad-free, so you can trust what you read. Sign up for our newsletter and keep us honest. Best Bitcoin Trading Sites Taking into account daily trading volume, the number of altcoins traded, trading fees, user reviews, and ease of use for beginners, here are our top picks.
Name Description Daily Trading Volumes Number of Altcoins Trading Fee User Reviews User Friendliness Score Binance Binance was launched in after a successful initial coin offering and quickly managed to become one of the go-to bitcoin trading sites for both beginners and experienced digital currency traders. The exchange's high number of tradable assets combined with its user-friendly interface have helped to establish it as one of the leading digital currency exchanges today.
Bittrex is also regularly one of the first exchanges to enable the trading of newly launched digital currencies coming out of initial coin offerings ICOs. Bittrex is an excellent bitcoin trading site to use when you first start to venture into the altcoin market, as it is very user-friendly and intuitive to navigate.
The Hong Kong-based bitcoin trading site has managed to establish itself as one of the exchanges with the highest trading volumes thanks to its range of tradable digital assets and advanced trading functionalities such as margin trading. The bitcoin trading site was launched in to enable traders to invest in a broad range of trade digital currency pairs and to provide its users with the ability to trade using leverage. While trading with leverage increases your potential profits, it can also inflate your losses.
Hence, always trade with care and cut your losses quickly when the market moves against you. BitMEX is a bitcoin trading site that was set up in to provide digital currency derivatives to professional traders. But with no fees, the price is right. But if you do want to send your coins to another wallet, Square does offer that feature. Binance charges very low fees at just.
While this is platform offers a huge range of currencies at a low cost, there are some bugs reported with the Android mobile app, and some users have reported delays withdrawing certain currencies. Binance is not insured, which may be a major concern to some, particularly after some irregular trades were detected and reversed in March Coinbase Pro formerly known as GDAX is a serious trading platform with screens that look familiar to those who use Bloomberg terminals or active stock, commodity and option trading platforms.
It charges fees ranging from 0. If you want to try Coinbase but with much higher volume, this platform is the way to go. Coinmama is an all-in-one exchange and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in U.
Dollars or Euros. The site claims more than 2 million customers in countries. One of the easy features lets you buy Bitcoin in just a few clicks from the homepage. While the exchange offers great real-time transactions, it does charge higher fees than some others on this list—there's a 3.
Rather than buying and selling on the open market, Coinmama funds user trades from its own holdings, adding a little extra security compared to some open market platforms. There is no mobile app, but the website is very high quality. Coinmama is a registered money business in the United States, giving it additional legitimacy and recognition above some competitors. Bitcoin is a digital currency, or cryptocurrency, that is created, distributed, and kept through blockchain, a decentralized ledger system that aims to lower the costs of making payments.
Bitcoin was the first ever cryptocurrency and has carried the largest value of any digital currency since the invention of blockchain. Bitcoin traders sell through platforms that will provide a digital wallet for you to buy and store your Bitcoin. Such a platform serves as an exchange that anonymously matches up buyers and sellers and completes transactions.
Your digital wallet allows you to use other traditional financial resources, such as your debit card or bank account, to complete the purchase of Bitcoin. Another option is to use a peer-to-peer exchange service that connects buyers and sellers to make their own transactions via the platform, with both parties being able to see and speak to each other.
The value of Bitcoin fluctuates based on what people are willing to pay for the currency, just like many other investments or assets. P2PB2B, for example, charges a 0. Buying Bitcoin is safe whenever you use a vetted and respected platform. In terms of Bitcoin being a safe investment, the value fluctuates more frequently than many other traditional investments.
We looked at more than a dozen of the best places to buy and sell Bitcoin online and settled on the top 6 places based on a number of factors. These factors included the history of the exchange, customer reviews, the fees each charges, the strength of features for each digital wallet, and the speed at which you can buy Bitcoin.
Cash App. Coinbase Pro. We publish unbiased reviews; our opinions are our own and are not influenced by payments from advertisers. Learn about our independent review process and partners in our advertiser disclosure.
Full Bio Follow Linkedin. Follow Twitter. Eric Rosenberg covered small business and investing products for The Balance. He has an MBA and has been writing about money since Read The Balance's editorial policies.
Coinbase: Best Overall. Open Account. Robinhood: Best for Low Cost. Square Cash: Best for Versatility.