Bitcoin trading has been growing rapidly in recent years. If you are also interested in investing in bitcoin or other cryptocurrencies, the most direct way is to buy bitcoin on the largest Bitcoin exchanges in the world, leading and reputable exchanges often support help you trade on both Web platform and mobile application.
Bitcoin exchange, also known as Bitcoin exchange, is one of the most important factors for investors to be able to trade with peace of mind, thereby providing good technical direction and analysis to have can make a profit on their investments.
I believe you may have heard a lot about cryptocurrency exchanges, but do you really know the types of bitcoin exchanges and the best forms of cryptocurrency trading today? any? Every exchange has its own advantages and disadvantages, so you should learn the advantages and disadvantages of each exchange and related factors, choose the exchange that best suits your orientation. before deciding which exchange to invest and trade on.
In this guide you will get to know a list of the top bitcoin exchanges in the world. After reading, you will have a comprehensive knowledge of the ways in which you can invest in cryptocurrencies and bitcoin.
What is Bitcoin Exchange?
Before we dive into this guide, the first thing is to understand what a bitcoin exchange means. Simply put, it is a place where you can buy or sell cryptocurrency for fiat or another cryptocurrency.
Most traditional exchanges, such as stock exchanges, have opening and closing times. But cryptocurrency trading allows you to trade at any time.
What types of cryptocurrency exchanges are there?
Essentially, coin exchanges provide an online platform that allows investors to buy cryptocurrencies at market prices. They usually do the spread as a commission or just charge a service fee under a third-party platform.
In general, there are 3 types of bitcoin transactions:
● Exchanges: These are websites that allow you to buy cryptocurrencies directly using fiat currencies (like US, EUR, GBP) or another cryptocurrency. They usually charge a fee per transaction.
● Peer-to-peer exchange: It is like a day service platform, matching buyers and sellers. As for the source, they will provide hosting to reduce the risk on both sides.
● Brokers: Cryptocurrency brokers are similar to forex brokers. Anyone can visit the website and buy cryptocurrency at the price set by the broker. The transaction here is between buyer/seller and broker, not between buyer and seller
What are the best coin exchanges in the world?
It is important to know how to choose the best bitcoin exchange as wrong decisions can threaten your investment and cause financial loss.
You should list at least 5 good crypto exchanges that you like and analyze them before you make a decision on which one to invest in. You can also create a table and rate the exchange based on all the factors. The cryptocurrency exchange with the highest score will create the foundation for your successful trades later.
To have a look at the following factors that you need to consider.
● Payment method
A cryptocurrency exchange that does not support fiat currency trading. Fiat money is controlled by the government, such as the euro and the dollar. If the trading platform does not support buying bitcoin or any other cryptocurrency using fiat, it means that you will not be able to buy crypto with a debit/credit card. Therefore, to make transactions easier, it is best to choose bitcoin exchanges that support multiple payment options, such as PayPal, bank transfer, debit/credit card.
● Diversity in number of cryptocurrencies
There are over 1,600 cryptocurrencies on the market, but not all exchanges support trading all of these cryptocurrencies. If you are a long-term cryptocurrency investor, choosing to invest in Bitcoin is a good choice. But if you are experienced and want to diversify your portfolio or try to buy financial products with a clear origin, such as Cryptocurrency Contracts for Difference, you should seek out an exchange. The best cryptocurrency with high liquidity and wide range of financial products.
● Phí giao dịch
Chọn sàn giao dịch bitcoin với phí giao dịch thấp hơn chắc chắn có lợi cho bạn. Tùy chọn tốt nhất là giao dịch bitcoin được hỗ trợ với 0 phí hoa hồng. Trước khi bạn quyết định mua từ sàn giao dịch tiền điện tử nào, hãy đảm bảo bạn đã tìm thấy những thông tin liên quan trên trang web của sàn, chẳng hạn như tiền gửi, phí giao dịch và phí rút tiền. Phí giao dịch của các sàn khác nhau là khác nhau và nó có cũng khá ảnh hưởng đến lợi nhuận và thua lỗ của bạn khi bạn kết thúc giao dịch.
● Good Reputation
The best way to learn about bitcoin exchanges is to look for reviews from users and from popular websites. You can check licenses, regulators, contact details, etc. A trusted cryptocurrency exchange should be informative and the information should be complete and comprehensive. You can also ask any question on forums or on social networking sites like Facebook or Reddit.
● Customer Support
Any bitcoin exchange needs a professional customer support team to resolve customer issues quickly. Unfortunately, only a few offer live chat or 24/7 customer support. Therefore, be sure to email their customer support so you can check how much customer support they offer.
● Simplicity, efficiency and high liquidity
A good cryptocurrency exchange is usually user-friendly and allows investors to deposit or withdraw money quickly and easily.
The best cryptocurrency exchange platforms usually offer a variety of functions, such as flexible payment options, ease of use, high liquidity, and a wide variety of currencies. However, some crypto exchanges will limit availability in different regions based on regulations in the region or country of the user’s home country.
Top 15 largest coin exchanges in the world and Vietnam
These top crypto exchanges are selected based on liquidity, Trading Volume, reputation, reputation and many other criteria.
Also don’t forget to confirm if you trade the cryptocurrency of your choice is available in your region.
Top largest coin exchanges in the world
1. Binance
Head office: HK / Established: 2017 / Employee: 201-500
Deposit method: Cryptocurrency
Available countries: Almost worldwide, but excluding the US and some other countries.
Binance is a relatively new bitcoin exchange, but it grew very quickly and is now one of the largest bitcoin exchanges in the world. It is more liquid than many other bitcoin exchanges. You can buy and sell over 100 digital currencies at competitive fees. But you should note that Binance only supports cryptocurrency trading. Another feature of Binance is that deposits and withdrawals are very fast, usually within minutes or an hour.
Advantages Disadvantage
√ Huge processing speed
√ Powerful, high-speed real-time technology
√ Binance has a large cryptocurrency ecosystem.
√ you can find almost any coin you want to trade
× if there is too much traffic, it can lead to lag
2. Coinbase
Headquarters: USA / Established: 2012 / Employees: 591
Deposit Methods: Interbank Transfer, Credit Card, Debit Card, Bank Transfer, Cryptocurrency, Paypal
Available countries: Global, UK, USA, Australia, Europe, etc. (30+)
Coinbase is the world’s largest and most popular cryptocurrency exchange mentioned in the thread 583,000 of Reddit, it is a longtime reputable bitcoin exchange and in 2016 Coinbase was the largest bitcoin exchange in the world. gender. This bitcoin trading platform supports more than 32 countries and is used by millions of customers worldwide. Coinbase offers different payment methods to its users based on the geographical location, the country in which they reside. You can buy, store and trade cryptocurrencies easily and securely on this website.
Advantages Disadvantage
√ User-friendly interface.
√ No minimum deposit and free deposit fees.
√ There are insurance funds available to customers.
√ Integrate the exchange’s wallet to protect users’ assets.
× You can only buy some cryptocurrencies on this exchange
× No margin trading
3. okEX
Headquarter: China / Established: 2014 / Employee: 201-500
Deposit Methods: Bank Transfer, Cryptocurrency, WeChat
Available countries: More than 100 countries
Founded in 2014, Okex is one of the largest cryptocurrency exchanges worldwide. The platform offers fiat-to-crypto and crypto-to-crypto trading on over 100 digital currencies. They have a user-friendly interface that offers a variety of options and opinions. It is not only good for experienced traders but also for beginners. OkEX is a bitcoin exchange in Vietnam that is well known by many people.
Advantages Disadvantage
√ The transaction fee is quite low
√ Safe coin exchange with a variety of coins to trade
√ Trade futures and options on coins
× Margin trading can be confusing for newbies and difficult to use.
4. Huobi
Head office: Singapore / Established: 2013 / Employee: 437
Deposit method: Cryptocurrency
Available countries: About 200 countries
Huobi is a global cryptocurrency exchange based in Singapore that offers hundreds of different cryptocurrencies to investors. Now, Huobi is ranked among the top ten crypto exchanges in the world by volume. Throughout its history, Huobi has always been one of the top bitcoin exchanges in terms of volume, liquidity, and reputation.
Advantages Disadvantage
√ User-friendly interface
√ Good security with many features like 2FA two-factor authentication
√ Most crypto assets are stored offline
× Only crypto assets available for exchange (No other assets)
5. Kraken
Headquarters: USA / Established: 2011 / Employees: 146
Deposit method: Interbank transfer, Bank transfer, E-money
Available countries: Global, UK, USA, Australia, Europe, etc. (200+)
Kraken is one of the largest and oldest bitcoin exchanges on the market. It is consistently on the list of top 10 bitcoin exchanges in terms of trading volume. But many users have complained about confusing features on its trading platform.
Advantages Disadvantage
√ Virtually no geo-restrictions.
√ Low transaction fees.
√ Margin trading.
× Not suitable for beginners
× Limited payment methods
6. Bittrex
Headquarters: USA / Established: 2014 / Employees: 232
Deposit method: E-money / Wire Transfer
Available countries: Global, UK, USA, Australia, Europe (100+)
Bittrex is a US-based cryptocurrency exchange that has become increasingly popular in recent years. Bittrex is made up of an outstanding team of employees including those from Microsoft, Amazon, Qualys, and Blackberry.
Advantages Disadvantage
√ Safe platform, convenient function.
√ Large selection of altcoins
√ Low transaction fees
√ Quick customer support
×Only can trade on Web platform, no mobile app
×Only USD fiat currency supported
7. Bitstamp
Head office: Luxembourg / Established: 2011 / Employee: 201-500
Deposit Methods: Credit Card, Cryptocurrency, Debit Card, Bank Transfer (SEPA), Wire Transfer
Available countries: Supported over 70 countries
Bitstamp is a trusted online cryptocurrency marketplace that allows global investors to buy and sell cryptocurrencies. Since its establishment in 2011, it has been favored by investors, especially in Europe. Bitstamp currently focuses on major currency markets, such as BTC, BCH, ETH, LTC, and XRP.
Advantages Disadvantage
√ Good reputation, is a long-standing exchange
√ Low cost
√ High liquidity
× Long verification process
× Difficult to use for beginners
8. Remitano
Headquarters: Seychelles
Deposit method: bank transfer, e-wallet, …
Available countries: USA, Vietnam, Malaysia, Nigeria, Cambodia, China
Remitano is one of the bitcoin exchanges in Vietnam and a reputable bitcoin exchange with guaranteed trading features. With Remitano, you can buy/sell Bitcoin, Ethereum, XRP, BCH in VND.
Advantages Disadvantage
√ The difference between the buying and selling prices is not too high, but not too low, at an acceptable level
√ Can trade on both Web platform and mobile application for Ios/Android
√ Supports payment integration on many different gateways and banks
√ The most prominent feature is the guaranteed transaction feature
× Because it is P2P, sometimes disputes or transactions are canceled by buyers
× Identity verification steps are quite complicated
9. Coinjar
Head office: Australia / Established: n/a / Employee: 50
Deposit Methods: Blueshyft, BPAY, Cryptocurrency, PayID
Available Countries: CoinJar Wallet is popular all over the world. Additional features may vary by geographic location.
Coinjar is a very popular bitcoin trading broker in Australia that allows you to buy and sell a variety of cryptocurrencies. While the platform is not regulated by any well-known financial institution, the platform is registered with the Australian Center for Transaction Reporting and Analysis.
10. Coinspot
Head office: Australia / Established: 2013 / Employee: No information yet
Deposit Methods: POLi, PayID, BPAY, Cash Payment
Available countries: Australia
Founded in 2013, CoinSpot is one of the best cryptocurrency exchanges in Australia, which aims to make it easy for users to buy and sell bitcoin and altcoins. Now it has over 100 different cryptocurrencies available for trading.