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5 top bitcoin trading platforms

Bitcoin is one of the first cryptocurrencies to be issued, and its success led to the creation of competing currencies including Litecoin, Namecoin, and PPcoin, which are among more than 1500 cryptocurrencies available in the market. For buying and selling digital assets, transactions are made on Blockchain. Blockchain technology is a peer-to-peer network platform that allows for the exchange of cryptocurrency.

Since its inception, Bitcoin has been the most popular cryptocurrencies bought and sold via Blockchain without the need for a centralized regulation authority or third-party intermediaries. The platform allows trading in multiple digital assets in over 140 countries with over a hundred million transactions registered to date. There are two core blockchains when it comes to cryptocurrency, Bitcoin Core (BTC) and Bitcoin Cash (BCH).

Today, there are alternatives when it comes to the best Bitcoin trading platforms for the cryptocurrency. Many trading platforms offer a simplified interface for buying and selling digital assets online. Some also feature mobile applications that enable you to trade on the go.

Best Bitcoin trading platforms
Trading is possible through specific platforms that offer digital wallets designed for cryptocurrency and digital asset exchange. The platforms are also country specific and differ in terms of delivery of Bitcoin, reputation, the liquidity of digital assets, privacy, and limits to trading. Here is a comprehensive list of the best Bitcoin trading platforms.

Coinbase
This digital currency exchange is one of the popular platforms in the country based out of San Francisco, California. The exchange also provides support for Singapore, Canada.and Europe. Coinbase offers a user-friendly trading experience, especially for someone who is venturing into the world of cryptocurrency for the first time. The platform offers high liquidity, debit and credit card integration, and excellent security for online transactions. Coinbase charges a standard fee of every transfer from the dollar to Bitcoin or vice versa, with an additional $0.15 bank fee. The platform offers multiple payment modes depending on the location of the trade. Coinbase is easy to use and offers a good start for investing in digital currency.

Bitfinex
iFinex currently owns and operates Bitfinex, offering three digital wallets for buying and selling Bitcoin. Some of the major cryptocurrencies offered for trading include Bitcoin, Lota, Dash, Ripple, Litecoin, Monero, Zcash, and EOS among many others. Bitfinex is among some of the best Bitcoin trading platforms that store most of the assets in cold storage that may include a USB drive, paper wallet, physical Bitcoin, or an offline Bitcoin hardware wallet. There are multiple layers of security, and only 0.5% is kept in digital wallets for deposits and withdrawals. Bitfinex also offers margin trading that allows users to borrow funds from peer liquidity traders for a fixed interest rate. The exchange ranks second in the list of best Bitcoin trading platforms as it is the most liquid platform for the dollar-Bitcoin exchange.

Bitstamp
This exchange ranks second when it comes to trading volumes among the best Bitcoin trading platforms in the world. High liquidity, multiple payment modes, and incentive programs are just some of the highlights of Bitstamp. The exchange also stores most of its digital currency and assets in cold storage to protect the information from cyber theft. The fees for trading will vary depending on the total volume bought or sold in the exchange. The charges are slightly higher in comparison to some of the best Bitcoin trading platforms around, with a flat rate of 0.5% on every transaction and 0.1% on deposits. Bitstamp also offers a mobile application for trading on the go for both the iOS and Android platforms.

Cryptsy
This exchange offers an excellent trading platform for Bitcoin, Altcoins, Litecoin, Dogecoin, MazaCoin, Peercoin, and more than 200 different cryptocurrencies in the country. Based out of Florida, Cryptsy is one of the best Bitcoin trading platforms that records a high volume of transactions on a daily basis owing to a low trading fee of 0.2% for buyers and 0.3% for sellers. The transaction fee will vary accordingly depending on the digital wallet charges.

BitQuick
It is one of the best Bitcoin trading platforms that allow investors to buy Bitcoin with a cash-via-cash feature. It features an efficient payment gateway system for making transactions. BitQuick offers two different payment modes in the form of cash for Bitcoin and a Single Euro Payments Area transfer for trading in Euros. While BitQuick charges a processing fee of 2% for buying Bitcoins, you can sell on the same platform free of processing fees. BitQuick’s user interface is quite simple to understand, and it enables you to buy Bitcoin after three simple steps. Simplicity and faster efficient trade options make BitQuick a popular choice among investors interested in cryptocurrency.

Apart from the abovementioned platforms, there are many other Bitcoin trading platforms one can choose from:

  • WazirX Bitcoin Exchange for India
  • Zebpay Indian Bitcoin Exhcnage
  • Unocoin
  • LakeBTC
  • Cointed
  • LocalBitcoins
  • Coinsecure
  • BitcoinFundi
  • Wirex
  • TradeSatoshi
  • BTC100
  • BitcoinToYou
  • Mercado Bitcoin
  • Luno
  • itBit
  • Coinfloor
  • Bitsane
  • RippleFox
  • USD X
  • Allcoin
  • Cryptomate
  • Bitcoin Indonesia
  • BX Thailand
  • Bitso
  • bitFlyer
  • Cex
  • OKCoin
  • Korbit
  • Coinone
  • Bithumb
  • Gatecoin
  • LiteBit
  • Jubi
  • CHBTC
  • TuxExchange
  • BitBay
  • BitMarket
  • BTER
  • Liqui
  • Cryptopia
  • Exmo
  • LiveCoin
  • HitBTC
  • GDAX
  • Kraken
  • Bittrex
  • Poloniex
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