Best bitcoin trading platform 2017
Behind-the-scenes when you buy Bitcoin on an exchange, the exchange will likely own that amount in their Bitcoin wallet. This is where rather than you buying Bitcoin, you have an agreement with the broker that if you earn money from your share of Bitcoin the broker will pay you this amount and equally take it if you lose money.
In summary, you need to decide what's best for you. If you want to minimise risk and deposit very large amounts, a broker like IQ Option might be a good place to start.
Alternatively if you want to buy Bitcoin long-term, possibly withdraw it in the future, then an exchange might be better. The above said, below are our favourite Bitcoin trading websites.
We use affiliate links here, so we may earn some money if you click any links. In feedback on our YouTube videos in particular, many of our viewers have struggled getting started on exchanges. Many crypto-crypto exchanges in particular require a lot of background knowledge to do safely. We've posted guides on many exchanges here to help with this, but for many of these people a broker may be a better option. Although brokers do have their own issues, like high fees and risks shorting Bitcoin rather than selling it, viewers seem to find these easier to use.
If you've never used a broker, or maybe never used an exchange - give it a try and decide which you prefer. Our favourite broker is currently IQ Option. Previously it was eToro, but they removed stop-loss functionality in December IQ Option still offers stop-losses. See this guide for some crypto stop-loss strategies.
IQ Option also offers a wider range of cryptos, and has much better charting functionality. Click here for a guide on how to use IQ Option, or click here to sign up using our affiliate link. Both of these exchanges have been around for years, have very low fees and support a range of altcoin trading pairs currently Binance support 88 tradable pairs, and HitBTC supports Finding the location of many exchanges is difficult, and these two are no different!
Binance is registered in Hong Kong and has its main office in Shanghai, with new offices rumoured to be opening in Japan.
Like most exchanges allowing fiat deposits, you'll need to provide ID verification and a photo of you when signing up. Once you're verified this normally takes about a week and you've deposited money, there are two ways to buy Bitcoin. Over time you can try out the more advanced features, but the user interface is great for beginners compared to competitors like Kraken.
If you're big on decentralisation, you might want to try a peer-to-peer exchange. This is where you're giving the exchange far less control over your money than a normal exchange.
LocalBitcoins is similar to many competing peer-to-peer exchanges, but currently supports the most countries: The one main issue with peer-to-peer exchanges is that it's much easier for the person you're trading with to scam you, as you're relying on them to complete the trade a built-in reputation system helps you choose trustworthy people to trade with.
For many the added privacy is worth this risk and also a much higher fee if you want to pay in cash , but in recent years the stigma around owning Bitcoin has become less of an issue, and exchanges like CEX.
IO meet the needs of most people. The financial products offered by the above companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.
This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Don't rush into anything, do your own research. As we write new content, we will update this disclaimer to encompass it. We first discovered Bitcoin in late , and wanted to get everyone around us involved.
Only use Coinmama if you want to buy Bitcoin or Ethereum, they still don't let users sell their Bitcoins yet. If you need Bitcoin in a rush, consider using this website, they offer lower exchange rate for Bitcoin buyers and you can pay with your favorite payment method. With this website you can buy Bitcoin instantly with a Credit Card or a Debit Card without registration.
They also offer a platform for trading Bitcoin, Litecoin and Ethereum. Buy or Sell Bitcoin for people from India. This is an Indian based exchange that only support trading Bitcoin against Indian Rupee. Buy Bitcoin or Ether easily and instantly for anyone in the world, specially for Europeans since this is a French company. This is an automated exchange platform to exchange cryptocurrencies with a very simple interface. This service provides its clients with the most favorable exchange rates by scanning all other exchanges to find the best price.
If you are not from Indonesia, you can use this exchange to trade cryptocurrencies. If you are not from Thailand, you can use this exchange to trade cryptocurrencies. If you liked my post, feel free to follow me arnoldwish. I already got scammed once by megachange. I would use Coinbase https: If you purchase BNB tokens directly from Binance your trading fees is 0. An extremely high value post I do not resteem as a rule Such a great in depth post that is missing one of the most important exchanges, Bitsquare.
I just signed up to Quadriga because of this. And it's a much better service fee than what I was paying. Here is my referal link for Quadriga if anyone else signs up from this post. Another one for the list if you are in Canada is QuickBT.
So it's a good way to buy annonimously. I'm surprised you don't mention huobi. I use them a lot. Verification is fast and you can be trading within 30 minutes.
No trading fees and 5x leverage. Just check your balance online to see if the deposit has arrived. DO NOT release coins until you see the transaction in your bank account. With that caveat it is safe. Someone who does this on a weekend should not release coins until balance shows up on Monday. With localbitcoins you can also do cash ATM deposits directly to sellers account which usually appear instantly.
It's good to see community members helping out with these guides. I would also add that when evaluating where to get bitcoin, users should read https: Also, bitcoin exchanges are generally grouped into three distinct groups in my experience:.
What a comprehensive amt of information! I like the name "Yo Bit" - I see VirWox, which looks interesting - the fact you can use paypal for yr transactions is a boon. And the virtual currency called Linden dollars - had never heard of that before!
You are truly a knowledge bank! This give me a nice collection to sift through. THe fund are sitting in a US savings account at a credit union. I have a US PayPal account linked to the savings account. Gemini doesn't transact with my credit union and I am spooked by Coinbase and Kraken.
Hopefully I can find something here that works for me nd that does nt require me to know about calls, put, options, stop orders, etc. My list, thatnks to this post, for further exploration: Thank you for this very informative post.
You have explained the differences between the exchanges very well and provided lots of options to check into. I'm bookmarking it in my browser for future reference. You can also try us, https: We are new a altcoin exchange platform and we provide best exchange rates, prompt customer support, and seamless transaction process. We had written on the same topic. For step by step process, you must check here http: The trading fees are only 0.
It has every single Altcoin available!! Desktop and Via app!! Sign up for early access and a special bonus for early people!! Interesting to see I'm not the only one that is thinking about this. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background.
It's a waiste of money. An interesting website I found: Awesome work, this is really comprehensive! I notice you don't list any CFD or forex brokers here though? For anyone else who's interested in trading with a regulated broker you might want to check this guide to bitcoin trading platforms such as etoro and Plus It's been about 4 months since my last post, so I decided to break my hiatus by a well researched post that took me close to 1 week to finish.
Bitcoin exchanges that specializes in trading Bitcoin against fiat currencies with some limited support for other cryptocurrencies. These exchanges tend to have low trading fees and high trading volume, specially for pairs of Bitcoin against fiat currencies.
Cryptocurrency exchanges that specializes in trading cryptocurrencies against Bitcoin or fiat currencies. These exchanges tend to support a huge number of cryptocurrencies, they offer low trading fees and high trading volume, specially in pairs that involve Bitcoin against another Cryptocurrency, Bitcoin exchanges that provide a service for Buying or Selling Bitcoin With a convenient payment methods like Paypal, Credit Card, Debit Card, etc.
These exchanges provide a service for people who want to buy Bitcoin easily and instantly. For Me these criteria are: Features Offers an escrow or transaction service to protect the Bitcoin buyer. Advantage Very safe to use. They don't have access to your funds, since the API keys don't have withdrawal permission. Accound Funding Bitcoin only. Trading Fees Maker fee vary from Taker fee vary from 0. Availability Available in 32 countries including the US.
Fiat Currency Anly local currency of the 32 supported countries. Trading Pairs pairs.