Crypto exchange websites are places where you can buy and sell your cryptocurrency. Sometimes you may need to convert your digital or real currency to Bitcoin or vice versa. In the meantime, exchange sites for Bitcoin and other digital currencies can efficiently perform conversion operations for you. Converting or exchanging digital currencies requires high security, and websites may be created for fraud; Therefore, safety comes first. Cryptocurrency exchanges are still new and gaining more and more attention day by day. In 2017, we saw an increase in the volume of transactions in these exchanges, and this trend would continue. Exchanges are divided into centralized and decentralized exchanges. Many global exchanges are trying to steal the competition from other digital currency exchanges, and they are making a lot of efforts for this. In this post from Ghabdino ‘s blog, We will introduce the famous x-changes in the world. Stay with us.
What is a centralized cryptocurrency exchange?
Financial advice: Centralized Exchange is an online platform and the most common way to buy and sell Bitcoin and other cryptocurrencies. In these exchanges, it is possible to buy or sell digital currencies with fiat or common currencies (crypto/fiat pair) and buy or sell digital currencies with another digital currency (crypto/crypto pair). These exchanges are an online market for the entire network of digital currencies.
The centralization of exchanges means that there is a trusted intermediary to handle each asset used in transactions. There are many stories of investors who have lost hundreds of thousands of dollars due to losing their private keys. If their money were concentrated in exchange, they would not have to worry about this and could quickly recover their money by showing their passport or ID card verification.
The difference between a centralized exchange and a decentralized exchange of digital currencies
Cryptocurrencies and blockchains are inherently decentralized, allowing exchanges to be decentralized. Simply put, a Decentralized Exchange eliminates the middleman by creating a trustless and brilliant environment. Transactions are made through smart contracts so that money does not pass through the hands of an intermediary; It is a peer-to-peer system. DEX is still in its infancy and has yet to become popular.
Identity verification in exchanges to create a user account
Many exchanges allow users to open an account without authentication, but these accounts have deposit and withdrawal limits. Basic authentication generally requires an image of the user’s passport or ID card, and this enables two-factor authentication. 2FA is a secret password regenerated every thirty seconds and must be entered every time a user logs into their account. Two-step authentication is usually stored on the user’s phone.
Introducing the best safest Crypto exchange websites
1) Coinbase.com crypto currency exchange website
In addition to being an exchange website, Coinbase is a wallet where digital money can be stored. Coinbase supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and other cryptocurrencies in 32 countries. The platform has 10 million users and exchanges $50 billion in digital currency. If you want to get into digital trading but don’t want to get caught, products like Coinbase are the way to go.
Coinbase.com exchange website
2) Binance.com exchange website
The Binance exchange website allows users to buy and sell more than 100 digital currencies and carries out these transactions with low fees. This exchange site provides trading of basic currencies, including Bitcoin, Ethereum, Litecoin, and Binance coin. Binance is founded in Hong Kong. Currently, most transactions are done in this exchange.
While having second-level approval in this exchange allows withdrawal of up to 100 bitcoins per day, with first-level approval, it is only possible to withdraw up to two bitcoins per day.
Binance.com exchange website
3) Bittrex.com exchange website
This system is one of the most powerful exchange tools. It also has many audiences because it has a simple appearance and is easy to use. In addition, it supports 190 cryptocurrencies. Your registration process on this site is speedy. While the most popular coins to trade are Bitcoin and Ethereum, Bittrex has over 250 different cryptocurrencies.
Bittrex.com exchange website
4) localbitcoins.com exchange website
The Local Bitcoins website is an international market for buying and selling bitcoins with more than one million members worldwide. This exchange site allows users various payment methods.
Exchange website localbitcoins.com
5) g dax.com exchange website
This exchange is a function of CoinBase, one of the most popular exchanges in the world. GDAX is not suitable for beginners, but it is suitable for margin trading as well as crypto/fiat and crypto/crypto pairs. The users of this exchange are insured by the insurance company for up to 250,000 dollars. Coinbase’s vice president said: Coinbase is designed for casual users, while GDAX is designed for advanced and professional traders.
gdax.com exchange website
6) Poloniex.com exchange website
If you want to do the exchange without worrying about the limitations of the exchange system, the Poloniex Exchange website is the best choice. This site supports all encrypted digital currencies.
7) Changer.com exchange website
It is one of the best, safest, and fastest websites in this field that you can use to convert any currency. This site especially works in Bitcoin exchange and other digital currencies. Changer can be mentioned as one of the best Bitcoin exchange sites.
Among the currencies that can be converted on this website are Perfect Money, Bitcoin, Payer, AdvCash, Ethereum, Ripple, Dash, Monero, ZDcash, Litecoin and Bitcoin Cash. Also, if you have Perfect Money, you can buy all the mentioned currencies.
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8) Crypto exchange website alfacashier.com
Like changer, this website also supports Perfect Money but has a lower speed than the first website. The currencies that can be converted or bought on this website are Ripple, Ethereum, Bitcoin, ZDcash, Litecoin, and Bitcoin Cash.
9) Kraken.com Crypto exchange website
This system is a good option for you if your transactions with Bitcoin take several days. The account activation process in this system takes a day or two, and your first transaction will also take a few days. Of course, things will get better after that.
10) Exchange website cobinhood.com
The Cabin Hood Exchange website is a relatively new exchange with zero transaction fees (there are deposit and withdrawal fees) and has three different approval levels with different restrictions. An attractive appearance and a suitable user interface for transactions are among the features of this website.
11) Changelly.com Crypto exchange website
The Changelly website has one of the best rates among foreign exchanges and has provided the ability to convert more than 20 digital currencies. On this site, currency exchange is done quickly and with easy steps, and it is completely suitable for beginners. Of course, professionals are also fans of this exchange site and use it.
12) coinpayments.net Crypto exchange website
The Coin Payments website is one of those websites that can be used both as an electronic wallet and to convert various digital currencies, including Bitcoin. This website supports more than 45 digital currencies, including Bitcoin, Litecoin, and Ethereum.
13) kucoin.com Crypto exchange website
This exchange website is an exchange and trading platform with high liquidity that allows a maximum withdrawal of 2 bitcoins without authentication. With authentication, you can withdraw more than this amount. Kayo Coin allocates 0.1% commission for each transaction and has a convenient career interface.
Be sure to pay attention to these financial advices when doing transactions in the exchanges:
- Buying and selling digital currencies requires sufficient knowledge and skills in this field.
- Knowing the best exchange rates.