Crypto Coins Feast: 2021

Are you trying to earn cryptocurrency like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, Blackcoin, Primecoin, Peercoin etc. Among 8 opportunities to earn cryptocurrency, trading is most profitable if traders plan and execute their strategies well and have good understanding of market situations.

So let’s understand what is trading? before we find out the best cryptocurrency exchanges.

What is trading?

Trading is buying or selling fiat currency, cryptocurrency, commodities, stocks, instruments, etc.

It can be executed on daily basis, also known as intra-day trading. It is also executed on a weekly and monthly basis.

Trading is highly risky.

There are four kinds of trading in cryptocurrency:

1) Traders hold their positions from month to year.

2) Traders hold their positions from days to weeks.

3) Traders hold their positions for a day.

4) Traders hold their positions for a few minutes or seconds.

As we have now gone through fundamentals of trading let's understand the cryptocurrency exchange.

What is a cryptocurrency exchange?

In simple terms, these are registered entities that help users through their websites to trade and exchange their cryptocurrencies like bitcoin or any tradeable cryptocurrency against other cryptocurrency or fiat currency like ethereum or USD.

Types of Exchanges

There are two types of exchanges:

Trading platform: These platforms bring buyers and sellers of cryptocurrencies to one place to trade according to their needs. However, such a platform or website charges a few amounts fees on every transaction executed.

Direct Trading: These kinds of platforms don’t offer fixed market prices, however every seller sets their own exchanges.

Following are the top cryptocurrency exchanges:

1) BITFINEX

Bitfinex was founded in 2012.

Bitfinex offer 3 services:

1) Margin Trading

2) Buy and Sell

3) Margin Funding

Bitfinex deals with:

Twenty Four Cryptocurrencies:

Two fiat currencies:

USD – American Dollar | EUR – EURO |

Below is Bitfinex Fee Schedule:

Bitfinex is available in all countries. However, the Verification process may vary from country to country.

Bitfinex is available on both Website version and mobile version

Website: https://www.bitfinex.com

It is available on both, websites as well as the mobile version. In the mobile version, bitfinex is available in Android and IOS.

2) BITSTAMP

Bitstamp was established in the year 2011.

Bitstamp is based in London, United Kingdom.

Bitstamp offers the following services:

1) Buy and Sell

2) Exchange

It deals with:

Five Cryptocurrencies:

Two Fiat currencies:

USD – American Dollar | EUR – EURO |

Bitstamp offers the below-mentioned fee structure:

Bitstamp is available in Switzerland, Norway, Monaco, Montenegro, Serbia, Turkey, Andorra, Moldova, Gibraltar, Iceland, Greenland, Liechtenstein, Isle of Man, Faroe Islands, Åland Islands, San Marino, Hong Kong, China, Singapore, Taiwan, South Korea, Australia, New Zealand, Japan, Argentina, Brazil, Israel, South Africa, Chile, Kuwait, Cayman Islands, Qatar, Saudi Arabia, India, Lebanon, Puerto Rico, Peru, Madagascar, Mozambique, Dominican Republic, Curaçao, Dominica, Jordan, the Bahamas, Bahrain, French Polynesia, Ecuador, Trinidad and Tobago, Barbados, Réunion, Jamaica, Paraguay, Brunei, New Caledonia, Guadeloupe, Martinique, and Sint Maarten

Bitstamp is available on both website and mobile version. In the mobile version, it is available in both Android and IOS.

Website: https://www.bitstamp.net

3) BITTREX

Bittrex was launched in 2014.

It is based in the USA

Bittrex offers two services:

1) Exchange

2) Buy and Sell

Bittrex deals with

190+ cryptocurrency:

One fiat currency:

| USD – American Dollar |

Bittrex applies a 0.25% fee on all trades.

Bittrex is available in all countries.

Bittrex is only available on the website version.

Bittrex official site: https://bittrex.com

4) POLONIEX

Poloniex was launched in 2015.

Poloniex is based in the USA.

Poloniex offer three services:

1) Exchange Margin Trading

2) Margin Trading

3) Lending

Poloniex deals with:

More than 50+ cryptocurrencies:

One fiat currency:

| USD – American Dollar |

Poloniex applies 15% fees on every transaction.

Poloniex allows withdrawal only to the verified user and in cryptocurrency only.

Poloniex is available in all countries.

Poloniex is available only on the website version.

Poloniex official site: https://poloniex.com

5) KRAKEN

Kraken was founded in year 2011.

Kraken is also USA based cryptocurrency exchange.

Kraken offers the following services:

1) Buy and Sell

2) Margin Trading

3) Exchange

Kraken deals with:

Sixteen cryptocurrencies:

Five fiat currencies:

Kraken applies fees on deposits and withdrawal of fiat and cryptocurrency both:

Kraken allows you to withdraw cryptocurrency and fiat currency through SEPA/Bank Wire/Swift etc.

Kraken is available on both website and mobile version.

Kraken official site: https://www.kraken.com/

6) COINBASE GDAX

GDAX was founded in the year 2012.

GDAX is run by the same company which owns by coinbase.

It is based in the USA in San Francisco California.

GDAX offer three services:

1) Buy and Sell

2) Exchange

3) Margin Trading

GDAX deals with:

Four Cryptocurrencies:

Three Fiat Currencies:

| USD – American Dollar | EUR – EURO | GBP – British Pounds |

GDAX applies the following fee:
https://www.gdax.com/fees/
GDAX have two payment options:

1) Withdrawal option to coinbase.

2) Withdrawal option to Bank account.

GDAX is only available in the USA, Canada, Europe, United Kingdom, Australia, and Singapore.

It is only available in the website version.

GDAX official Site: https://www.gdax.com/

7) CEX.IO

CEX.io was launched in 2013.

It is based in London, United Kingdom.

CEX.io offers three services:

1) Buy and Sell

2) Exchange

3) Margin Trading

CEX.io offers services for:

Seven Cryptocurrencies:

Two fiat currencies:

| USD – American Dollar | EUR – EURO |

CEX.io offers the following fees:
Deposit and Withdrawal fees:

Margin Trading fees:

Transaction fees:

CEX.io allows withdrawing account balance of cryptocurrency into fiat currency through card and bank wire transfer.

It is available in all countries.

CEX.io is available in both website versions as well as the mobile version.

CEX.io official site: https://cex.io

8) GEMINI

Gemini was started in the year 2015.

It is USA based exchange regulated by New York State Department of Financial Services (NYSDFS)

Gemini Offers Two Services:

1) Buy and Sell cryptocurrency

2) Exchange cryptocurrency

Gemini deals with two cryptocurrency and one fiat currency:

|BTC - Bitcoin | ETH - Ethereum |

| USD – American Dollar |

Gemini offers various products and services, therefore has different fees structure for every products and service:
https://gemini.com/fee-schedule/#overview
Gemini only allows withdrawals in Bitcoin, Ethereum, and USD.

Gemini is available in all US states. Also internationally it is available in the below-mentioned countries:

1) Canada

2) Hongkong

3) Singapore

4) South Korea

5) the United Kingdom

This exchange is available on the website version only.

Gemini official site: https://gemini.com

9) HITBTC

HitBTC was launched in the year 2013.

HitBTC is based in London UK.

It offers two services:

1) Buy and Sell

2) Exchange

HitBTC deals with more than 150+ cryptocurrencies and one fiat currency.

Below mentioned are cryptocurrencies with high volume:

One fiat Currency:

| USD – American Dollar |

HitBTC applies 0.1% fees on every transaction.

HitBTC allows withdrawals only in cryptocurrency.

HitBTC is available in all countries.

It is only available on the website version.

HitBTC official website: https://hitbtc.com

10) COINMAMA

Coinmama was launched in 2013.

It is based in Slovakia.

Coinmama only offers to buy cryptocurrencies. It allows users to buy cryptocurrencies with credit cards.

Coinmama deals with two cryptocurrency:

|BTC - Bitcoin | ETH - Ethereum |

Coinmama applies 5.00% - 5.50% fees on every transaction.

Bought cryptocurrency is sent to registered wallet address after verification and confirmation.

Coinmama is available in all countries.

It is currently available only website version.

Coinmama official website: https://www.coinmama.com

Disclaimer: This blog is meant for educational purposes and not published for advising on investment or recommendation, users are requested to do due diligence before sending or storing or investing their cryptocurrencies on the above exchanges.

Thanks for reading this blog. If you feel it has helped you and can help your friends, please share.

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Saturday, 14 August 2021

BEST 10 CRYPTOCURRENCY EXCHANGES