1. Binance Exchange – Best Cryptocurrency Trading Platform
Binance is one of the most popular cryptocurrency trading platforms in the world. It is most popular because of mainly focus on crypto to crypto trading. Binance is promoted as a good alternative to Bittrex because of you can trade cryptocurrency with very low trading fees than other exchanges.
Binance is based in Hong Kong and its servers are currently located in South Korea. The best part of this trading platform supports different languages like English, Russian, Chinese, French, Japanese, Korean and Spanish.
How it Works
This exchange provides two options for trading like Basic and Advance. Mostly people are trading in basic on binance. To start trading you first need to add some funds to the account. You can add funds by click on Deposit and Withdrawals option. Now select the cryptocurrency which you want to add fund to your account.
There are mostly people trading cryptocurrency using Bitcoin and Ethereum because of you can find these two coins with most trading pairs.
Binane Charges very lowest fees in the industry. That’s why it available at the first position in the list of best cryptocurrency trading platform in the world.
It currently charges a flat 0.1% fees on each trade using bitcoin and ethereum. This is one of the lowest fees I’ve seen in the crypto market. If you trade using BNB coin then it charges only 0.05% fees.
Fees Comparision With Other Trading Platform
- Binance – 0.1%
- Bittrex – 0.25% (Double than binance)
- CEX.io – 0.25% (Double than binance)
- Poloniex – 0.25% (Double than binance)
- Kraken – 0.25% (Double than binance)
When you create a new account on Binance you need to provide full name, mobile number, address, email id and many other personal details.
Currently, your level of binance is level 1 and you can withdraw up to 2BTC worth of cryptocurrency daily. But if you trade daily more than 2BTC then you need to verify your kyc. Once your kyc is verified your account level is upgraded to 2. Now your daily withdrawal limit increases up to 100 BTC.
Binance is a cryptocurrency exchange mainly focus on the crypto-to-crypto trading exchange. So binance is done not accept any fiat currency. You can only deposit and withdraw funds using cryptocurrency only. You can only deposit cryptocurrency and there is no limit on cryptocurrency deposit.
- Advance customer support
- Low trading fees
- All major cryptocurrency are available
- Multiple languages supported
- High performance and user-friendly
- Does not accept fiat currency (You can not buy cryptocurrency from INR or USD)
Coinbase is one of the most popular and largest bitcoin broker in the world. If you are buying cryptocurrency for the first time then it is the best option for you.
The user interface of this exchange is very attractive, clean and it’s made very easy to purchase cryptocurrency like Bitcoin, Ethereum and litecoin anytime anywhere. It also offers an exchange, wallet service and API for developers. This facility available in over 33 countries as of 2018 especially in the United Kingdom, United States, Australia and Brazil with the large user base.
Is Coinbase Safe
As you know coinbase is world’s largest cryptocurrency trading platform. It is a based in San Francisco and maintained by fully trusted investors. These investors include Blockchain Capital, Alexis Ohanian, Digital Currency Group and Bank of Tokyo. It complies with state money transmission laws and regulations, USA Patriot Act, Bank Secrecy Act and registered with FinCEN as a money services business.
The best part of coinbase is used a new address every time for each payment request because of it prevents the other users from connecting addresses together.
If you have a large number of bitcoins then you can securely store in coinbase vault. This vault is supported by multiple approvers. For safety purpose, the withdrawals from vaults take 48 hours to complete. In case if you see a withdrawal request is not created by you then you can cancel this request before it process.
Now you can buy cryptocurrency through coinbase digital wallet through android and iphone device. You can also buy through trading with other users on the Global Digital Assets Exchange. But the GDAX currently available in selected countries like United States, Europ, United Kingdom, Singapore, Canada and Australia. The best part of this service does not charge any fees for transfer funds between GDAX and coinbase account.
As you know coinbase is available in 33+ countries and the payment methods depend on the country. The very common and mostly used payment method is credit card and debit card.
|Country||Payment Method||Processing Days||Fees||Currency|
|United States||Bank Transfer||5-6 Days||1.49%||USD|
|United States||Debit / Credit Card||Instant||3.99%||EUR|
|United Kingdom||Debit / Credit Card||Instant||3.99%||GBP|
|Canada||Debit / Credit Card||Instant||3.99%||CAD|
|Europe||SEPA Transfer||1-3 Days||1.49%||EUR|
|Europe||Debit / Credit Card||Instant||3.99%||EUR|
|Australia||Debit / Credit Card||Instant||3.99%||AUD|
United States, Canada, United Kingdom, Singapore, Belguim, Austria, Cyprus, Bulgaria, Croatia, Switzerland, Czech Republic, Sweden, Denmark, Spain, Finland, Slovenia, France, Slovakia, Greece, San Marino, Hungary, Romania, Ireland, Portugal, Italy, Poland, Latvia, Norway, Liechtenstein, Netherlands, Malta and Monaco.Coinbase Support Countries
When you create a new account on coinbase you need to provide full name, mobile number, address, email id and many other personal details because of it provides buy and sell service and it must follow the kyc verification rules.
- Very Easy To Buy Cryptocurrency
- Online Wallet Available
- Instant transfer between coinbase users
- Good Reputation and Reasonable Fees
- Limited payment methods
- Only selected country supported
- Poor Customer Support