Launched more than a decade ago, in 2009, Bitcoin has only gotten mainstream attention in 2017. Why did it get that much attention? On January 1st, 2017, one Bitcoin was worth roughly $1,000 and during the month of December, the prices jumped to an astonishing $19,783 dollars for one Bitcoin.
Even though these days, the prices are not that high, one Bitcoin is worth around $9,500, many people consider it a good investment. Many important players in the cryptocurrency industry consider that Bitcoin, the flagship of cryptocurrencies might reach even more than $100,000 in the next few years.
Now that we know more about Bitcoin and its potential, let’s see 10 cryptocurrency exchanges where you can exchange your dollars for Bitcoin.
1. Coinbase
Launched in 2012, the US-based cryptocurrency exchange has had a steady rise to become one of the most important cryptocurrency exchanges in the world.
Their platform is a one-stop-shop for cryptocurrency buyers. They offer exchange services, cryptocurrency custody using wallets.
Also, unlike a regular cryptocurrency exchange, they also offer complex trading, meaning that you can make recurring trading, you just schedule the trades you want to make, you can schedule your withdrawals. Last, but not least, this can be done on their web application or their mobile application.
2. Kraken
Kraken is another US-based cryptocurrency exchange where you can buy and sell cryptocurrencies. It offers a large variety of cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and many more.
A very interesting aspect of this exchange is the fact that it is the cryptocurrency exchange that offers the information to the Bloomberg Terminal, the source of truth for many financial services professionals. If an important news company has trusted this exchange, you can, also. Create your account and start buying your first Bitcoins.
3. LocalBitcoins
Even though it is not a regular cryptocurrency exchange, LOCALBITCOINS where you can discover people in your vicinity who trade Bitcoin or other cryptocurrencies.
Unlike a regular exchange, by using this platform, you won’t leave any traces in terms of the money you invested, and your return on investment. This is a big plus for anyone looking for more privacy.
4. BitStamp
If you are looking to make a living out of trading Bitcoin, BitStamp is a place where you should definitely look into it. First, ask for the services of a custom essay help service, they will create an essay containing all the relevant information about the cryptocurrency industry, especially the one you are looking to invest in. Then, by using that information, you can decide in which cryptocurrency you should invest in.
5. Binance
One of the younger cryptocurrency exchanges, BINANCE is not an exchange you should pass by. According to studies by College Papers, this cryptocurrency exchange has impressive trading volumes. This doesn’t solely happen for Bitcoin, other cryptocurrencies have these impressive volumes, as well.. Apart from that, they have an enormous amount of cryptocurrencies available for purchase.
6. Bitfinex
In the crypto industry, Bitfinex is known as the most important cryptocurrency exchange for those looking to use margin trading in order to boost their earnings. Recent research by companies, such as Best Essay has revealed that the great majority of the traders on this platform use margin trading in order to increase their return on investment.
7. Gemini
Gemini exchange is one of the few regulated cryptocurrency exchanges, meaning that it is a rule-based cryptocurrency exchange where traders can safely buy and sell their favorite cryptocurrencies.
Companies such as My Assignment Help recommend this exchange for those who are taking their first steps into the cryptocurrency industry. It is a user-friendly exchange, which puts user security above all.
8. CEX.io
Some say that, if you start trading daily on the CEX.io cryptocurrency exchange, you won’t need any resume help in the future. What does that mean? It means that you will be able to make your own money by trading cryptocurrencies.
This exchange has a very low spread, meaning that you will buy or sell cryptocurrencies at prices very close to the market price. If you want to become a day trader, this is the cryptocurrency exchange for you.
9. BitPanda
Even though companies such as Grademiners, unlike the exchanges we’ve been talking about so far, consider it a not-so-popular due to its low volumes. With more than 30 cryptocurrencies listed and other rare materials, such as Gold, Silver, and Palladium, BitPanda offers an excellent opportunity for those looking to invest not only in cryptocurrencies but in rare materials, also.
10. Coinmama
The last cryptocurrency exchange on our list is meant for people who are not looking to make a living out of trading cryptocurrencies. It’s meant for people who want to buy Bitcoin and wait for a few years to cash in on their investment.
It’s quite easy to buy on this exchange, you just create your account, use your credit card or a debit card to add money to your account then you start buying the cryptocurrencies you want.
Conclusion
Bitcoin is the most popular cryptocurrency in the world. Not once it has shown that it is a reliable investment opportunity and, considering its low price, it might be the time you invest in it.
Whether you are looking to become a day trader or just invest your savings in Bitcoin, these 10 cryptocurrency exchanges are the best places you should use to buy Bitcoin or similar cryptocurrencies.
