Best Cryptocurrency and Bitcoin Trading Platformsadmin - October 7, 2021
In this post, we will learn in detail about the best platforms for trading digital currencies and bitcoin, which are characterized by great credibility, with an explanation of each platform, and all its advantages and disadvantages.
But before that, let’s give a simplified definition of Bitcoin and Blockchain so that you have a clear and deeper look at the rest of the article.
Perhaps many of us have heard about the Bitcoin currency and its accompanying mystery, fame, heights and clamor a lot. Bitcoin is a financial currency on which buying, selling and exchange transactions can be conducted like any other currency. It is a digital currency that has special security through the encryption process and is dealt with outside the limits of any central authority.
This currency was created in 2009 by an unknown person who called himself Satoshi Nakamoto, and the currency was mainly launched to be used in payments that are not subject to government control or transaction fees and speed in transfers unlike traditional currencies and this made Currency invade the market.
Here we need to define a very important term, which is the blockchain. What is it?
Definition of Blockchain
The Blockchain is like a ledger for the entire Bitcoin network, and this ledger records all transactions that take place on the Bitcoin network, and this ledger also contains all the addresses of the wallets, the number of bitcoins in them, and all transfers from and to them for all Bitcoin users. Some may ask, can I own Bitcoin? And how can I get it? .
Indeed, you can own, obtain and trade in Bitcoin, just like any other commodity or currency, and there is no difference except that the features that have been mentioned are ease, confidentiality, safety, speed, and low commission and transaction costs.
In order to obtain Bitcoin, there are two ways to obtain it, which is either mining, that is, the production of Bitcoin through complex processes that take place through mining tools, devices, and graphics cards that have special specifications, or through buying and selling.
How is the buying, selling and trading of bitcoins and cryptocurrencies?
There are platforms on which the purchase, sale and trading of digital currencies take place, and it is a very large market where you can buy or sell bitcoin and digital currencies and exchange digital currencies for other digital currencies or exchange them for cash currencies such as the US dollar and the euro so that these platforms take small fees for these transactions that take place through them, These platforms enable traders to trade directly among themselves and exchange their currencies according to the exchange rate of the platform. We will put in your hands the most famous trading platforms and a simple definition of each platform.
What are the best digital currency and bitcoin trading platforms?
Below are 9 of the best platforms for trading bitcoin and cryptocurrency at all:
1. Binance platform
It is considered the most popular platform for a wide number of traders currently in the Bitcoin and cryptocurrency trading sector. The platform was established in 2017 and is based in Asia. It is considered the most reliable from a technical point of view, with great liquidity and more than 100 digital currencies for trading, and it has its own currency for the platform and is globally recognized and trading commissions are as low as 0.1% As well as great technical support available around the clock .
Binance in between The best digital currency trading platforms in the world so far.
2. Poloniex platform
One of the most famous and largest platforms and enjoys an excellent reputation among traders and is considered one of the oldest operating platforms in the market and is older than the Binance platform.
There are some great features in Poloniex such as the maker-taker feature, That is, if you are a maker you have to pay a fee of 0 to 0.15% maximum on the amount traded if you are a taker you have to pay 0.10% to 0.25% of the fee. However, the number of coins traded on it is relatively small, which makes the Binance platform the best in terms of the number of coins traded.
3. Coinbase platform
This platform is considered one of the old platforms as well, and its establishment may date back to more than 10 years ago, and it currently operates in 32 countries and is headquartered in San Francisco. For seasoned traders.
4. KuCoin . platform
It is another platform for the exchange and trading of currencies and it has a good number of currencies. The platform is also located in the continent of Asia, and you can trade a lot of currencies such as KuCoinShares or KCS BTC – ETH – -NEO – USDT. The site of the platform supports all known digital currencies and some new currencies, and this platform features The fees or commissions are as low as 0.1%, and the fees for withdrawing from the platform vary according to the type of currency.
5. Coinpayment platform
This platform is also considered one of the famous platforms and is considered one of the most popular platforms, which is the bitcoin trading site and a long list of tradable digital currencies, including ICO tokens, and it even has features that provide support for storing and paying for bitcoins and +1200 other digital currencies. Since its inception, Coinpayment has continued to add useful currencies and trading tools to its platform.
6. Huobi.pro . platform
Perhaps not the most famous platform, but this platform is old and offers an opportunity for traders to trade more than 190 pairs of cryptocurrencies. This platform is characterized by fast deposits and trading in many different currencies with trading fees as low as 0.2% and excellent technical support 24 hours a day.
7. Bittrex platform
This platform is also one of the famous platforms. It is a bitcoin and digital currency exchange and supports more than 190 digital currencies available for trading in all countries of the world. It is an excellent platform, but it has a flaw that many traders do not want, which is the rather high fees compared to others.
8. CEX.io platform
It is a platform preferred by many beginners in this field due to its ease and is characterized by the user interface is easy to understand and use, and the trader can withdraw in several ways provided by the platform, which is also one of the old platforms in the field.
It is also a good platform that may be less known than the previous one, but it is characterized by great security because the Bitcoin is stored in another wallet that is not connected to the Internet, in addition to the technical support service is an excellent service.
This was an article about the best crypto and bitcoin trading platforms.
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