Cryptocurrency trading or digital currency exchange is a business that involves exchanging cryptocurrencies with other assets like money or any other digital currency. It is a web service that provides electronic transactions in electronic forms and charges fees for them.
Any transaction or operation to Digital Currency Exchange can be made through debit and credit cards, money order or any other type of money transfer. This article is about the various cryptocurrency exchanges that make cryptocurrency trading easy for beginners and what they offer in terms of availability, ease of use, security, deposit/withdrawal methods, and fees. We hope this guide to cryptocurrency trading can help you get started with cryptocurrency trading.
Coinbase/GDAX
Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. It is available in 32 countries and currently serves more than 10 million customers cryptocurrency exchange. Launched in 2012, it has a user-friendly interface that makes exchanging digital currency an easy task for a non-technical person. It is also available for both iOS and Android. Unfortunately, Coinbase does not provide cryptocurrency mining for beginners and is just an exchange.
As of now, it offers four currencies, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Exchange digital currency with US dollars, euros and British pounds. With minimal transfer fees, Coinbase has never experienced any security breaches, making it a perfect platform for digital currency exchange. In addition to that, Coinbase also offers a full advanced exchange called GDAX. It offers more advanced features and different and better trading fees than Coinbase.
bit stamp
Bitstamp is another platform that provides digital currency exchange. It is relatively easy to use and offers more advanced features through TradeView. Bitstamp offers currencies like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and ripple. Exchange digital currency with US dollars and euros. You can put into practice all the latest crypto currency trading techniques on this exchange.
It offers flat deposits via bank transfers and supports debit/credit cards. Perhaps the only drawback that can be found in Bitstamp is the slightly high fees and the fact that it suffered a security breach in 7 years of operation. Nonetheless, it is one of the most reliable exchanges. It is available on both iOS and Android.
Gemini
Gemini is a UK based company launched in 2015 by the Winklevoss twins. It is available in some countries, including the US, Canada, Hong Kong, Singapore, and South Korea. One of the downsides of this platform is that it is not particularly easy to use. Therefore, it is not recommended for beginners to use this platform.
It offers two coins and 1 FLAT coin Bitcoin Cash, Ehtereum and US dollars. Gemini follows strict protocols when it comes to security and as of 2018 has not found a single security breach, making it one of the safest and most trusted digital currency platforms. However, it is important to have digital currency investment strategies before you start trading.
digital ticks
Digital Ticks is a modern crypto exchange that aims to be a game changer in this sector. They have implemented many of the latest techniques, making it easy for anyone to start trading.
It has a unique feature called Single Portfolio View which would allow traders to view all portfolio positions in a single portfolio. It would be easy for traders to make informed decisions regarding cryptocurrency trading using this unique feature. It is also compatible with Bitcoin, Ethereum, Litecoin and Dashcoin.