Bitcoin exchanges are a vital part of the digital currency market and its environment in particular. The Nobel peace prize nominee Leon Louw quotes, “Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.”
The unpredictable price of Bitcoins has made people quite curious about getting a few of them. Here are some of the prominent platforms for trading in Bitcoins which can be analyzed in this post.
Coinbase is known as one of the largest exchanges for bitcoin mining placing itself as the top service solution for bitcoin trading. It serves as a wallet for depositing, purchasing and selling bitcoins and also acts a bitcoin processor for various businesses and dealers.
Bitstamp is a bitcoin exchange based in Slovenia. In terms of trading volume, they hold a leading position in the digital world. It enables investors to trade instantly for BTC/USD pair for withdrawals made and deposits can be received in currencies other than dollar payment.
Indacoin is a globally established platform which enables users to purchase bitcoins swiftly from over 200 countries with either a debit card or a credit card, no registration required.
Initially while using the card, you will receive a 4-digit code from Indacoin by phone call, which has to be entered in your order page. Once done, you will be asked to enter a 3-digit code which can be seen on the online card statement right next to the amount charged. Once the card is validated, the digital currency will be remitted automatically within ten minutes after the payment has been made.
Kraken is known to be one of the world’s largest Bitcoin mining exchanges. It’s a leading platform which is feature loaded with huge deposits and withdrawals mainly done by advance bitcoin traders and professionals.
It also facilitates advanced trading tools like trailing stop and trailing stop limit, stop loss and stop loss limit, take profit limit, margin, leverage, etc. Though the exchange caters mostly to the advanced or sophisticated investors, that do not in any way make it less suitable for starters.
SpectroCoin is an integrated solution for Bitcoin mining since it offers users not only an exchange but also the ability to buy and sell virtual currency using both debit cards and credit cards.
Other than the bitcoin exchanges listed above, there exists a few more. Selection of the exchanges should be done after taking into account the fees, liquidity, country, trading facilities, etc.