Exchanges? Buy and sell BTC

Exchanges? Buy and sell BTC

Exchanges or exchange houses and cryptocurrency exchanges are ideal for those who seek to trade to generate profits both in the rises and falls of the price of bitcoin, in higher volumes and with automated tools to organize simultaneous, immediate purchase orders or programmed in more liquid markets.

Of course, you should know that to trade in these cryptocurrency exchanges you have to send your funds to a portfolio controlled by the entity. This means that it works like a broker or a conventional stock exchange, only that in these you use crypto assets instead of a portfolio of shares.

Some estimate that currently exchanges through exchange houses represent more than 90% of the volume of cryptocurrencies traded. So if you are in Latin America or Spain you could consider exchanging cryptocurrencies in one of the following crypto-exchanges.

The largest exchange house currently used is Binance, which began operating in 2017, currently reaching a trading volume of almost one billion dollars a year. Although it was founded in China, its headquarters and servers had to move to Japan, Taiwan and Malta because of the bans. It owns its own wallet and the BNB token.

Bitpanda was founded in Austria in 2014. It has two-step verification to protect your account. The Bitpanda wallet supports multiple cryptocurrencies and does not charge commissions for exchanges with other users. It is available 24/7 and has a platform for advanced trading with its own wallet for various cryptocurrencies. Among the complaints Bitpanda users have made is the fact that commissions are not displayed on a page and could be costly for small transactions.

Bitfinex was founded in 2012. Its headquarters are in Hong Kong, although it operates under the law of the British Virgin Islands. 99.5% of user funds are stored in cold wallets. It has 2FA verification. Its interface is designed for advanced trading. In addition, it offers portfolios to manage exchanges, margin or leverage operations and financing between users. Although it has advanced analysis tools, it is not available in Spanish and customer service is only carried out via email.

SatoshiTango was founded in 2014, as a platform to buy and sell bitcoin in Argentina. It now offers other cryptocurrencies and leverage options. Although it is not considered a specialized trading platform, it allows you to place buy limit orders and withdrawals in local currency. SatoshiTango does not have a native wallet, therefore you must have one before operating. What you can do is download its App for iOS and Android.

And finally, we have the Panda Exchange platform that was founded in February 2018. It uses Bitcoin and Bitcoin Cash as a direct pair in transactions with other crypto assets and Ethereum as a pair in the exchange of any of the ERC-20 tokens listed in the platform. Thanks to their branches in Portugal and Panama, they offer their users the opportunity to operate with euros in the European market and with US dollars in the Panamanian market.

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