What are the best cryptocurrency exchanges in the world?
With the growing popularity of the topic of cryptocurrencies, more exchanges offering transactions using virtual coins appear on the market. Under the pressure of competition, exchanges around the world are constantly developing, improving their platforms to be faster and more user-friendly. What are the best cryptocurrency exchanges in the world? We present three of the most popular platforms.
Binance – many years of experience
The exchange itself was established in 2017, but its founder – Changpeng Zhao – had previously worked in teams related to finance and cryptocurrencies. In 2005, he founded the company Fusion Systems, which created, among others high frequency trading systems for brokers. In 2013, Zhao joined the Blockchain.info team as a member of a group working on a portfolio dedicated to cryptocurrencies. Binance was originally based in China, but after the Chinese government banned cryptocurrency trading, the company moved to Japan. Subsequently, offices in Taiwan and Malta were opened. As early as 2018, Binance was the world’s largest cryptocurrency exchange with a market capitalization of $1.3 billion.
Binance is not only an exchange, but an entire “ecosystem”. The authors offer users, among others Binance Academy, a place where they can find free, quality materials explaining the principles of blockchain and other cryptocurrency concepts. Binance Labs is responsible for coordinating and financing projects based on blockchain technology, and Binance Research is responsible for providing high-quality analysis. The company also has its own decentralized wallet and even official Telegram channels that keep the entire community in touch. However, perhaps its most important distinguishing feature is its own cryptocurrency, Binance Coin, which enables cheaper, commission-free trading with other cryptocurrencies. The stock exchange can be operated via a web browser, a computer program, available for Windows, MacOS and Linux, and via an application for smartphones running on Android and iOS. Such an extensive structure makes Binance the best cryptocurrency exchange in the world.
More information about the Binance exchange can be found in this article: bitcoin-exchange.uk/binance
Coinbase – safety and practicality
Coinbase was born in 2012 and its creators are Brian Armstrong and Fred Ehrsam. Initially, the team also included Ben Reeves, the co-founder of Blockchain.info, but after a few months he left the composition of the newly created project. Already in 2014, the platform was used by a million users. Currently, the number of registered and verified users is over 43 million.
As the authors noted, when creating Coinbase, they wanted everyone, regardless of place, to have easy access to cryptocurrencies. The aim was to create an open financial system that would not be under the control of any state, while allowing for quick payments and universal access to financial services. All of this is intended to help level the playing field and lift millions of people out of poverty. The strengths of Coinbase include paying special attention to safety, as well as creating an easy-to-use platform on which both beginners and professionals can operate. It is currently the largest cryptocurrency exchange in the United States in terms of the volume of trading.
BitFlyer – the whole world at your fingertips
was founded in Japan in 2014 by trader Yuzo Kano. At the same time, another Japanese cryptocurrency exchange, Mt. Gox, which handled over 70% of all bitcoin transactions in the world.
“BitFlyer is the easiest and safest way to buy and sell Bitcoin, Ethereum and more,” the authors say about the stock exchange. The company is licensed to operate throughout Europe, the United States and Japan. You can start using the platform with a small amount of just 1 euro. You can top up your account conveniently by bank transfer or via PayPal, you can also purchase with a credit or debit card. There are seven digital currencies available on the exchange, including Bitcoin, Ethereum, and Litecoin.
In this article, we have presented you only the 3 most popular cryptocurrency exchanges in Europe and for many. Of course, there are many more platforms for trading and exchanging encrypted electronic currencies. You can read more about the best cryptocurrency exchanges in this article.
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