Crypto exchanges are websites where you can exchange cryptocurrencies for other digital currencies or for traditional fiduciary currencies such as pounds, euro or USD.
What should I pay attention to before I open an Account on the Cryptocurrencies Stock Exchange?
Before you start trading, it’s worth doing a little research. Here are a few things you should check before setting up an account on the stock market.
Reputation – The best way to find out about the stock market is to find reviews from individual users and known industry websites. You can also learn something about a stock market yourself by asking people on online forums like BitcoinTalk or Reddit.
Fees – Most stock exchanges provide information about their fees. Before you register, make sure you know these rates, as different exchanges have different values.
Payment methods – What payment methods are available on the stock exchange? Credit/debit card? Wire transfer? PayPal? Please note that the purchase of cryptocurrencies using a credit card always requires identity verification. Buying cryptocurrencies by bank transfer will take much longer as the process takes time.
Verification requirements – The vast majority of Bitcoin trading platforms, both in the US and UK, require some kind of identity verification for deposits and withdrawals in fiduciary currencies. Some exchanges will allow you to remain anonymous. Verification protects against all types of fraud and money laundering.
Binance is one of the largest stock exchanges in the world. Although it comes from China, it does not serve its country, due to legal restrictions preventing trade in cryptocurrency in the “State of the middle”.
Binance, being a centralised stock exchange, makes every effort to develop its activity. It provides a decent discount for active investors, provided that the official BNB tokens are used. BNB is a crypto Binance Coin, which is the native currency of this platform. Creating an account is quick and easy.
Binance Exchange is the leading crypto exchange used by users from more than 190 countries. The Exchange is able to process over 1.4 million orders per second, making it one of the fastest exchanges in the world and the largest exchange in terms of trading volume. The platform is characterized by the highest level of security, speed and reliability – which makes it the main choice for both trading enthusiasts and professional traders.
In addition to the web platform, mobile applications for Android and iOS smartphones are also available.
KuCoin is another easy to read and use cryptocurrenciesexchange. KuCoin offers most of the most popular coins and tokens. So does Binance. KuCoin offers a mobile application for smartphones running Android or iOS.
Like many other platforms, KuCoin takes commissions for trading and withdrawing funds, the cryptocurrencies deposit is free. This is an approach common to many other platforms. However, KuCoin’s commissions are really competitive as they are only 0.1% per trade, both Buy (Taker) and Sell (Maker).
OKEx is another platform that occupies the leading positions in the rankings of crypto stock exchanges. It is one of the few platforms that offers trading with leverage up to 10 or 20x.
The platform was established in 2014 in Hong Kong by Star Xu. Resources for the launch and development of the stock exchange were obtained from leading companies such as VenturesLab, Ceyuan Ventures, Giant Network Group, Longling Capital, Qianhe Capital Management, eLong Inc. What does the OKEx stock exchange offer in total? :
Multi-platform support, apart from the Internet platform, mobile applications and APIs are also available.
A decent capitalization of $10 million from investors such as Tim Draper, Ceyuan and Mandra Capital.
Trading with leverage of 10 or 20x
Dynamic market with high liquidity of capital
Low fees (Open position 0.03%, close position free of charge)
Bitbay is a Polish stock exchange , which is registered in Malta. The exchange was established in 2014 and currently gathers over 400 000 active users. Its popularity is also confirmed by the number of transactions made per minute and there are as many as 125 of them!
The company is developing very dynamically, constantly improving its services and developing a team of specialists who take care of their proper functioning. The aim of the stock exchange was to create a safe and reliable platform enabling quick exchange of cryptocurrencies. BitBay has an intuitive interface with professional tools for traders. In addition, it offers many popular cryptocurrencies that can be exchanged for FIAT currencies, such as PLN, EUR, USD. The Exchange is characterized by quite high liquidity, clear interface and mobile version. Recommended for beginners.