INSUBCONTINENT EXCLUSIVE:
Welcome to our guide to the best Bitcoin exchange of 2018
This list is essential if you're serious about making money from Bitcoins and other cryptocurrencies.But what is a Bitcoin exchange, and how
can you be sure you sign up to the best Bitcoin exchange Well, think of Bitcoin exchanges as digital marketplaces for people to buy and sell
Bitcoins using different currencies
The Bitcoin can be exchanged for either fiat money (legal tender) or other alternative cryptocurrencies such as Ethereum
The exchange serves as the middleman for traders of the cryptocurrency.Being able to purchase Bitcoin is the initial step to trading in it
Just like trading a stock, Bitcoin exchanges charge transaction fees, which range from 0 to 1%
In order to trade Bitcoin on an exchange, the user needs to have an account, and go through a series of steps to be verified
Remember that Bitcoin and alternative cryptocurrencies are a completely digital currency, and there are no physical Bitcoins.However, before
plunging in with both feet, users should be aware of what to look for in choosing a Bitcoin exchange for their cryptocurrency transactions
This is analogous to the issues and potential pitfalls in making a choice of where to do your banking, or open an online brokerage account
Furthermore, bear in mind that unlike banks and stock trading, Bitcoin trading is largely unregulated by most countries, although this is
changing as its popularity increases.A good place to start is to look at the virtual coins which are supported by an exchange
With over 4,000 cryptocurrencies, and additional ones being added all the time, it is key to figure out which currencies you want to trade
in, and then match the exchange that deals in those
For example, Ethereum mining has recently become more popular, but not all Bitcoin exchanges support this alternative
cryptocurrency.Language barriersNext look at the country that is hosting the Bitcoin exchange
Some are in less regulated countries, and there may be additional problems if something goes awry
This can include time differences, international long distance costs, and language barriers
best to find one with the lowest costs in order to maximize your own profits.Also look for a secure trading platform, and a Bitcoin exchange
which has robust security measures
two-factor authentication, SMS or email alerts, encrypted emails, and wallet monitoring
CoinbaseThe biggest exchange out thereStreamlined interfaceWide currency supportInsurance protection availableThis is a US-based exchange
which was founded in 2012, and it supports over 32 countries
In 2014 Coinbase created GDAX, the Global Digital Asset Exchange which was developed for professionals with high volumes of trading.The firm
offers a mobile wallet, offline storage, and insurance protection for currency stored on its servers
Coinbase supports several fiat currencies: British Pounds, US Dollars, Euros, Canadian Dollars, Australian Dollars and Singapore Dollars.The
Coinbase exchange has a 1% flat fee for each purchase, while cryptocurrency deposits and withdrawals are done without any fees
supported fiat currency is US dollars, and it only trades Bitcoin and Ethereum
Gemini does not charge deposit or withdrawal fees, and levies a low flat rate of 0.25% for trades, to both the buyer and the seller.Another
Close proximity to the Wall Street financial markets allows the company to easily provide a bridge from more traditional investments to
newer cryptocurrency markets, for both individual and institutional investors.Gemini is also notable in that it accepts ACH transfers for
fast access to money for trades
A potential downside is that the interface is not particularly novice-friendly.3
ChangellyFrom the team that created MinerGateSupports lots of cryptocurrenciesCompetitive in terms of feesRelative newcomer on the
sceneChangelly is a cryptocurrency exchange with support for many more virtual currencies than most, including Monero, Dash, Bytecoin, and
If you are mining a less popular currency, chances are that Changelly can exchange it for you.This exchange comes from the popular mining
platform MinerGate which provides a merged mining pool across Windows, Mac, Linux and Android operating systems
While Changelly focuses on exchanges between different cryptocurrencies, users can also purchase cryptocurrency with US Dollars or
Euros.Note that this exchange has a shorter track record, as it only entered the market in 2016
Exchange fees are 0.5% on transactions.4
CryptopiaAn exchange that supports literally hundreds of cryptocurrenciesSupports a huge number of virtual currenciesLow trading
feeSprawling and rather unwieldy websiteCryptopia was founded in 2014, aiming to be a comprehensive exchange that focuses on the user
experience, with integration of additional services including a marketplace and wallet
It is based in Christchurch, New Zealand
Cryptopia is notable in that the first level of verification happens very quickly, and only requires an email address for initial
verification.While Cryptopia does not support fiat money trading, it does support a ridiculously large number of cryptocurrencies: over 400
to date, with more being added all the time
The trading fee is also a low 0.20% per transaction, which compares favorably with many competitors
The website is quite large and sprawling, meaning that new users might find their first experiences with the site a little
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