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Best Bitcoin Trading Platforms

Best Bitcoin Trading Platforms August 17, 2017
bitcoin trading platforms

Photo Credit: Allan Swart/123RF

If you’ve been waiting for a list of the Best Bitcoin Trading Platforms, we have just the thing for you! With Bitcoin being as popular as ever, many are looking for trading platforms that meet their needs. However, there are tons of platforms out there and finding the ones that have the security and options needed can take some time. We did the research, so you don’t need to.


Coinbase

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Coinbase is the best of the best among Bitcoin trading platforms. It offers a platform that is easy to access and use. It also constantly adapts to industry advances and is positioned as a leader for buying and selling Bitcoins. They also provide timely support and service via a solidly integrated and well-designed platform.

To use your account, you use a password and username. It is required to verify this by entering a code from your smartphone. The site also uses SSL encryption and keys, along with wallet protection with AES-256 code. Coinbase also has insurance that protects against hacking or theft.

www.coinbase.com


Cex.io

 

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Cex.io allowsusers to buy Bitcoins through credit card payments. Users can also purchase Bitcoins without a fee by using bank transfers. USD, EUR, and RUB are all currencies accepted for both bank transfers and credit card payments. Users can also sell Bitcoins, but there is a fee for these transactions. In addition, Cex.io supports most countries and nearly half of the states in the United States.

There are four different account levels available, including Basic, Verified, Individual Business, and Corporate. Basic accounts can buy $400 in Bitcoins a day or up to $2,000 a month. Verified can purchase up to $10,000 a day or $100,000 a month. The other two account types can purchase unlimited amounts of Bitcoins.

www.cex.io


Coinmama

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Coinmama is a quality service provider for those looking to buy Bitcoins quickly and instantly without their privacy being compromised. They also offer immediate payment when verification has been completed. Verification can be completed in one to six hours and requires one or more identification forms. Your credit card information is not saved in the database by Coinmama.

Customer service is quick and professional no matter what type of problem you are experiencing. That said, this platform is not currently available for those who live in the United States because of legislation issues. However, it is quite likely this will change in the near future.

www.Coinmama.com


Kraken

 

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Kraken is a San Francisco-based platform that allows users to buy Bitcoins and exchange various currencies. The company is known for great security and the use of innovation to provide a viable and safe trading platform. The currencies traded include Bitcoin, Dogecoin, EUR, LiteCoin, Ripple, USD, Ven, and the Korean Won.

This company takes many measures to avoid security breaches and illegal acts. One way is through a two-factor authentication system. You can also add a master key for recovery, if desired. A two-factor authentication is also available for selling currency and buying Bitcoins. You can also lock settings on your account. Finally, the platform has great decryption and encryption if you are on an email service that uses PGP encryption.

www.Kraken.com


24/7 Exchange

 

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24/7 Exchange is designed to make exchanging digital currencies, or exchanging fiat currencies for cryptocurrencies, as simple as possible. The way they do this is through providing a service that is more accessible on a global level than other products. They accept many payment options, which include debit cards, money order transfers, and SWIFT bank transfers. Users can receive and send funds from over 400,000 offices in over 125 countries.

Users can sign up for a personal or corporate account and then must verify their identify. The process is different for various tiers of service. For small exchanges, this may require only an email confirmation, but larger exchanges will require a proof of identity. When using the most complex offerings, you will be required to provide your email, address, identity, phone number, and credit card number verification.

www.247Exchange.com


Whale Club

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WhaleClub is a young platform that serves over 15,000 users a day. The exchange offers service in more than 190 countries. One of the unique facets of this exchange is that it requires no identity verification. As such, they do not use banks or fiat currencies in their operations. There are also no fees with trading, withdrawals, and deposits on Whale Club.

The platform has support for Bitcoin, Dash, Ethereum, LiteCoin, and Monero. It, however, only offers margin trading. It currently supports limit orders, buy/sell stop orders, market orders, stop-loss orders, and take-profit orders. It also offers trade for oil, gold, and silver. Forex trading is also possible with various currency pairs.

www.WhaleClub.co


BitMEX

 

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BitMEX is an exchange that offers up to 100 times leverage on trades, offering trades without expiration dates and industry-leading security. The platform was launched in November 2014 and is based in Hong Kong. It operates in China, Japan, Europe, and South Korea. Unlike some platforms, BitMEX is intended for use by professional investors.

Some of the contract types available with BitMEX include XBT, XMR, ETH, REP, DASH, FCT, GNO, LTC, QTUM, XRP, and ZEC. They also over many fiat currencies for future trading, including Yen and Yuan. BitMEX has maker and taker fees but has no fees for deposits or withdrawals.

www.BitMEX.com


CryptoFacilities

 

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CryptoFacilities is a derivatives exchange operating out of the United Kingdom. The exchange runs on Bitcoin and Ripple, both as trade collateral and allowable deposits. There are a total of four instruments including a Ripple-Bitcoin future, Ripple-USD future, Bitcoin-USD future, and Bitcoin-USD turbo with 50 times leverage. There are also various contract lengths for each.

This platform claims to have the lowest fees in the market and is one of a few trading platforms that uses Bitcoin futures. The platform has low spreads with a decent amount of liquidity that is growing. A user will be set up with cash accounts in Ripple or Bitcoin, and internal transfers must be made to each instrument to trade.

www.cryptofacilities.com


Exmo

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Exmo is a currency and bitcoin exchange company that is based out of Spain. Currencies supported include USD, RUB, EUR, DRK, WhiteCoin, BC, VertCoin, Peercoin, Dogecoin, and LiteCoin. They have an international team with financial advisors from the UK, as well as USA, Singapore, and Lithuania, and programmers from Russia, India, Spain, and Thailand. The platform has over 250,000 customers in more than 100 countries.

One of the more unusual perks of Exmo is the fact that it offers an online chat for customer service. You can also contact customer service by phone or email. The website is available in English, French, Russian, and Spanish. Security is taken seriously with encryption for the wallets and trades, along with two-factor authentication and SSL.

www.EXMO.com


Luno

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Luno is a Bitcoin exchange based out of the United Kingdom. Rather than offering many different trade types, Luno concentrates solely on Bitcoin. The platform has largely received good audits and claims to offer the “most trusted, secure, and dependable trade” in the world. Luno was created in 2013, which gives it a decent history, although it hasn’t secured any major market strength.

Luno supports both Android and iOS, and offers a Bitcoin wallet for both. The application has been downloaded more than 100,000 times, showing that it is a decently used application. Luno does charge a fee for sending, storing, or receiving bitcoins. However, the system can be a bit confusing for beginners.

www.luno.com


These are the best Bitcoin trading platforms at this time for consumers and businesses alike. You can look over the security provided, along with the customer service available, to determine which is the best for you and your personal situation. Good luck and we hope this helped you with your search!

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