The cryptocurrency exchange business has been amazingly huge during the last few years and only promises to keep growing.
While most advanced countries use the cryptocurrency market only for trading and investment, some countries use them as a common currency to avoid local exchange controls.
Given this constant rise in the market, several online exchange sites offer services online, and choosing one to trust can be confusing.
For this reason, we prepared this article to get you through the best online exchangers for you to join the cryptocurrency business.
How to Buy Cryptocurrency
Before we start with the list, you must know the basics of the cryptocurrency exchange business.
Cryptos are currencies based on a blockchain system, these are fairly more secure than fiat currencies like the USD based on SSL encryption, and as a major difference, the cryptocurrencies are not managed or regulated by any local government –And therefore, their value follows only their trust and availability on the open markets-.
As you can’t get any of these currencies from a bank and their systems work completely online, you must go to an exchange site to “buy” them as assets.
You will either buy from an internal stock of the currencies or trade your fiat currencies for electronic coins with other users on these sites.
But how do you trust them?
You must verify that the exchanger is certified and trusted by other users for cold sites with trading stock. At the same time, sites that offer a free trade platform with other users will urge you to check every user’s trustworthiness before aiming to trade with him.
Note– Another difference between trading with other users and going for a cold exchange is that the second has a higher fee. Still, on the first one, the currency’s value may vary depending on the urge to sell or buy the other person, which can help you get some earnings with any given transaction.
Now that you have a better idea of how to buy cryptocurrency, let’s break through the best exchange sites that you can find online:
With an entirely different perspective, Vantage FX offers you a trading platform with an attached exchange system.
Unlike a common exchanger or wallet, this site offers you the possibility of trading with CFDs and using tools to measure your possible earnings through chartist analysis.
One of its main features is its variety, as it offers several sub-platforms beneath the main service:
You can use an enhanced version of the Meta Trader 4 tools to analyze the price movements.
You can also use the web trader to manage operations or tools like the MyFXBook to get them done automatically, access binary options, and even use the apps to do everything from a mobile device.
On the other hand, VantageFX does not give you much access without a paid account, and even if you make a standard deposit, some of the best features are reserved for the “Crude” account users.
- Free registration
- Tons of great features
- Automatic trading system
- Mobile friendly
- Pay-to-enjoy system
- You have to pay more to get all the cool features.
easyForex made a whole rebrand and evolution campaign in 2013, giving us a great broker and trading platform to execute operations online.
While easyMarkets hardly counts as one of the best cryptocurrency exchange sites, it fits this list because you can use it as an exchange. At the same time, it offers several ways –Including some crypto- in which you can perform your deposits.
On their platform, you can operate with about 300 different assets with low leverage.
Unlike most online trading platforms, easyTrades is highly regulated, making it a hack-free and fraud-free platform by all means. But, at the same time, it also offers one of the greatest customer support services that you will find online.
Ultimately, this unique platform offers global brokerage and lets you do simple and profitable trading with cryptocurrencies and many other 100% legal options.
- Besides the risks of trading, it is risk-free
- Great customer support
- Great users reviews
- No direct exchange
- Low leverage for risky traders
To know more about easyMarkets: easyMarkets Gold Review
CoinDirect offers a peer-to-peer exchange platform where you can exchange about 45 different cryptocurrencies online. At the same time, it also offers the possibility of stocked-site conversion so that you can use the system to aim for profits without the exchange process.
This site is well-regulated and allows transactions worldwide, allowing you to enjoy a safe and risk-free trading environment.
Its usability allows p2p transactions and inside conversions alone through inside wallets. Admittedly, the fees are a little high –At 1% for each buy transaction-but you can still take advantage of the market movements, and all fees are constantly visible before and after each movement.
In the end, you have one of the best exchange sites available, with great customer support and currencies available but with somewhat high rates.
- Easy to use
- Free registration
- Clear fees and rates
- Allows both types of the exchange process
- More than 40 different currencies
- High fees
- Sellers usually have a higher price than the platforms converter
Xtrade is a popular trading platform that allows you to move your money in cryptocurrencies and many other commodities.
While this platform is well-regulated and fairly popular, it has some disadvantages, including inconclusive scam reports and the fact that you can’t switch between types of accounts nor use the MT4 directly on your account to trade.
- Easy to use
- Trading without commission fees
- Some scam complaints can be found online
- No mt4
- No switching between account types
Avatrade is a great option for professional trading online. Even when it is not a formal exchange, it allows you to generate income with market changes through cryptocurrencies, CFDs, and almost 250 financial instruments.
This platform offers excellent support to beginner users and is great for entering the trading world and the cryptocurrency business.
On the downside, it doesn’t offer a direct exchange, for which you have to open or close operations to manage the coins and won’t be able to make purchases with them.
- Free registration
- No real exchange unless you count withdrawals in coins.
Jubiter (Permanently Down)
The main vision of Jubiter is to make it simple for anyone who wishes to enter the cryptocurrency market, thus giving the user the greatest accessibility, including those operators who may lack technological knowledge.
It has a fairly simple authentication and registration process just with your email and a great interface that allows the ease of transactions –More about this is below-.
Thanks to its constant evolution, you can access your wallet wherever and at any time with apps designed for mobile devices.
Like opening an account, the app is completely free and easily allows you to buy, sell, and exchange your cryptocurrency. This makes it even more attractive for users who are in the run and need to access their portfolio on their terms.
Is It Safe to Use?
Safety is one of the main concerns that you should have when moving your money online.
The platform offers the most advanced functions in security measures, performs monthly updates with multiple layers of security, and meets the highest standards of infrastructure.
This way, they ensure that the transactions will never be compromised.
Besides, when you register, Jubiter guarantees your personal data privacy very seriously and protects your identity and logins, using data encryption based on blockchain, the safest encryption system.
Note– To guarantee you and give you complete confidence, no hacker, no other user, or even personnel of the same platform can access your information as a user.
What Can I Use It For?
Jubiter works both for saving and for frequent trade.
97% of user funds are insured in cold stores. The remaining 3% is available for daily commerce, protected by the strongest data encryption possible.
These are authorized immediately at the time of a transaction, which is an improvement compared to traditional cold wallets, making you wait for 48hrs to authorize the transaction.
When making questions or asking for help on the platform, customer service will be available 24 hours a day, Monday through Saturday. In addition, they offer a communication service, either by email, telephone, or live forum, to solve any problem to be manifested immediately.
Until now, Jubiter sounds like a great option to keep and trade in the cryptocurrency business.
Its constant evolution and availability in more than 151 countries turn out to be online wallets with the highest global popularity.
They are also expected to grow even more with their project to offer a physical Bitcoins debit card, which users can use daily to pay for their purchases and even withdraw cash from ATMs.
If you want to enter the world of online transactions, Jubiter will be an excellent ally. It offers a trustworthy service and some interesting features which can be enjoyed easily and without security breaches.
How a Cryptocurrency Exchange Works
To sum up
By this moment, you already know some of the best cryptocurrency exchange sites. Besides, we walked you through the two ways you can usually acquire digital coins.
CoinDirect presents many advantages in both possibilities and security when choosing a platform but is not a great deal for actual trading with crypto.
If you are looking for something more like a trading platform, Avatrade will probably be the best option. And if you are willing to make high-risk bets on new tokens, Changelly is one of the few options.
Ultimately, you must sign up and start diving into the cryptocurrency business.