Best bitcoin trading exchange

Best Bitcoin & Crypto Exchanges & Platforms

We can both agree on this:

Finding the best Bitcoin exchange platform is confusing.

Today we’ll show you how easy and fast it can be.

We’ve collected the best crypto exchanges & listed them for you below.

Our Top Picks

Best Exchange For

Best Crypto Trading Platform

eToro

Simple exchange with many coins supported

eToro is a large crypto trading platform. It’s easy to use and supports dozens of different cryptocurrencies, including Bitcoin & Ethereum.

Best Bitcoin Exchange

Coinbase

Easy to use Bitcoin exchange site & app

One of the most popular & trusted Bitcoin exchanges. Both its website and app are easy to use.

Best Exchange for Low Fees

Coinbase Pro

Lowest fees among trading platforms

Coinbase Pro has some of the lowest fees among trading platforms, along with an easy to use app.

Chapter 1

Introduction to Exchanges

Today, there are many different types of Bitcoin & crypto exchanges. So, we’ve determined the best exchanges for different types of traders.

Just click the section below that you want to learn about:

• Best Crypto Exchange & Trading Platform — exchanges that support trading and many coins
• Best Place to Buy Crypto — exchanges for buyers & investors, not traders
• Best Bitcoin Exchange & Trading Platform — exchanges for pure Bitcoin traders
• Best Place to Buy Bitcoin — exchanges best for buyers of Bitcoin, not traders
• Cheapest Crypto Exchanges with Low Fees — exchanges that don’t cost a fortune

We suggest using the exchanges listed below or doing research before buying from any exchange.

We do research on every crypto exchange we list & are very careful not to include scam exchanges.

Chapter 2

Best Crypto Exchange & Trading Platform

This section will discuss some of the best crypto exchanges and crypto trading platforms. In our view, this means exchanges that are good for making trades and support many different cryptocurrencies.

eToro — (Best for Most Countries)

eToro is one of the largest trading platforms worldwide. It features an easy-to-use trading interface with support for many cryptocurrencies.

Coinbase Pro — (Best for USA)

Coinbase is the world’s largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins and dozens of other crypto coins.

Deposits can be made via wire transfer, ACH, debit card, SEPA and many others. Coinbase supports Bitcoin, Ethereum, Litecoin and many other altcoins.

eToro — (Best for UK)

eToro is one of the largest trading platforms worldwide, and one of the most popular in the United Kingdom. It features an easy-to-use trading interface with support for many cryptocurrencies.

BitPanda Pro — (Best for Europe)

BitPanda is based in Europe and is a crypto exchange platform. You can deposit euro via NETELLER, Skrill, SEPA, credit card and many other payment methods.

Bitpanda supports Bitcoin, Litecoin, Ethereum and many other coins. Users from all of Europe are able to use Bitpanda. US users are not able to trade on Bitpanda at this time.

Bitbuy — (Best for Canada)

Bitbuy is based in Canada and is a crypto exchange platform. You can deposit euro via wire, Interac and bank transfer.

Bitbuy supports Bitcoin, Ethereum, Litecoin and many other coins. It has some of the lowest fees in Canada.

If none of the platforms above suit your needs, you can always use the exchange finder tool on our home page to find more exchanges.

Chapter 3

Best Place to Buy Crypto

The best places to buy crypto are different than the best crypto trading platforms. The platforms are focused towards traders, while the exchanges in this chapter are geared towards long-term buyers and investors.

eToro — (Best for Most Countries)

eToro is one of the largest crypto exchanges worldwide, and an easy way to buy cryptocurrency. It features an easy-to-use trading interface with support for many cryptocurrencies.

Coinbase — (Best for USA)

Coinbase is the world’s largest cryptocurrency broker. They represent an easy and fast way for new users to purchase bitcoins and dozens of other crypto coins.

Deposits can be made via wire transfer, ACH, debit card, SEPA and many others. Coinbase supports Bitcoin, Ethereum, Litecoin and many other altcoins.

eToro — (Best for UK)

eToro is one of the largest trading platforms worldwide, and one of the most popular in the United Kingdom. It features an easy-to-use trading interface with support for many cryptocurrencies.

BitPanda — (Best for Europe)

BitPanda is based in Europe and is a crypto exchange platform. You can deposit euro via NETELLER, Skrill, SEPA, credit card and many other payment methods.

Bitpanda supports Bitcoin, Litecoin, Ethereum and many other coins. Users from all of Europe are able to use Bitpanda.

Bitbuy — (Best for Canada)

Bitbuy is based in Canada and is an easy place to buy crypto. You can deposit euro via wire, Interac and bank transfer.

Bitbuy supports Bitcoin, Ethereum, Litecoin and many other coins. It has some of the lowest fees in Canada.

If none of the exchanges to buy crypto above suit your needs, you can always use the exchange finder tool on our home page to find more exchanges.

Chapter 4

Best Bitcoin Exchange and Trading Platform

eToro — (Best for Most Countries)

eToro is one of the largest Bitcoin trading platforms worldwide. It features an easy-to-use trading interface with support for many cryptocurrencies.

Coinbase — (Best for USA)

Coinbase is the world’s largest cryptocurrency broker. They represent an easy and fast way for new users to purchase bitcoins and dozens of other crypto coins.

BitPanda — (Best for Europe)

BitPanda is based in Europe and is a Bitcoin exchange platform. You can deposit euro via NETELLER, Skrill, SEPA, credit card and many other payment methods.

Bitpanda supports Bitcoin and has low fees. Users from all of Europe are able to use Bitpanda.

eToro — (Best for UK)

eToro is one of the largest Bitcoin trading platforms worldwide, and one of the most popular in the United Kingdom. It features an easy-to-use trading interface with support for many cryptocurrencies.

Bitbuy — (Best for Canada)

Bitbuy is based in Canada and is a Bitcoin exchange platform. You can deposit euro via wire, Interac and bank transfer.

Bitbuy supports Bitcoin and has some of the lowest fees in Canada. The liquidity on the platform is strong, meaning it’s easy to make trades at good prices.

If none of the Bitcoin trading platforms above suit your needs, you can always use the exchange finder tool on our home page to find more exchanges.

Chapter 5

Best Place to Buy Bitcoin

Coinbase — (Best for USA)

Coinbase is the world’s largest cryptocurrency broker. They represent an easy and fast way for new users to purchase bitcoins.

BitPanda — (Best for Europe)

BitPanda is based in Europe and is an easy place to buy bitcoin. You can deposit euro, GBP and other currencies via NETELLER, Skrill, SEPA, credit card and many other payment methods.

Bitcoin can be purchased quickly with low fees from all European countries.

Bitbuy — (Best for Canada)

Bitbuy is based in Canada and is a crypto exchange platform. You can deposit euro via wire, Interac and bank transfer.

Bitbuy supports Bitcoin, Ethereum, Litecoin and many other coins. It has some of the lowest fees in Canada.

If none of the Bitcoin exchanges above suit your needs, you can always use the exchange finder tool on our home page to find more exchanges.

Chapter 6

Best Cheap Exchanges with Low Fees

Coinbase Pro — (Best for USA)

Coinbase Pro is one of the world’s largest cryptocurrency exchanges by volume. Among exchanges, Coinbase Pro has some of the lowest fees.

BitPanda Pro — (Best for UK)

BitPanda Pro is based in Europe and is an easy place to buy cryptocurrency for cheap fees.

Trades can be executed quickly for low prices on Bitpanda Pro.

Bitbuy — (Best for Canada)

Bitbuy is based in Canada and is a crypto exchange platform. You can deposit euro via wire, Interac and bank transfer.

Bitbuy supports Bitcoin, Ethereum, Litecoin and many other coins. It has some of the lowest fees in Canada.

If none of the cheap exchanges above suit your needs, you can always use the exchange finder tool on our home page to find more exchanges.

Chapter 7

Frequently Asked Questions

What is the Best Crypto Trading App?

Most of the exchanges on our list above all have apps on both the iOS App Store and the Android Play Store.

The most popular crypto trading apps are:

What is the Biggest Crypto Exchange?

Based on volume, Coinbase and Binance usually have the most volume for Bitcoin on average.

Coinbase usually trades around $500 billion per 24 hours, while Binance usually trades around $3 billion every 24 hours, just on its main dollar pairs.

What is the Safest Crypto Exchange?

There is no such thing as a «safe» exchange.

Many cryptocurrency exchanges have been hacked. While small amounts of crypto can be stored on exchanges, users should do their best to withdrawal crypto from the exchange to their own wallet.

Besides the risk of hack, the exchanges on this list are at least trustworthy, meaning the won’t run away with your money. However, that doesn’t mean unexpected events can’t happen like with Mt Gox.

Are there Any Free Crypto Exchanges?

Robinhood is the only «free» crypto exchange. However, they don’t allow you to withdrawal your coins out of the app. As far as exchanges that allow you to withdrawal crypto and are free? We don’t know of any right now.

Best Cryptocurrency Exchange for Beginners

The best crypto exchange and platform for beginners is probably Coinbase.

This is for a few reasons:

• It has the best user interface and is very easy to use
• The verification process is fast so you can buy almost instantly
• It has excellent mobile apps for iPhone and Android
• It’s a regulated exchange and its cash holdings are FDIC insured

Best Cryptocurrency Exchange for Day Trading

Binance is likely the best exchange for day trading for a few reasons.

1. Lowest Trading Fees and Transaction Fees

Day traders make a lot of trades. Binance has the lowest fees among all exchanges (like Bittrex, Poloniex, etc.).

2. Liquidity

Binance has the most liquidity of any exchange. You can get in and out of digital currency fast at good prices.

We Help The World Buy Bitcoin

Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisers, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.

Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.

Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.

Wallabit Media LLC and/or its owner/writers own Bitcoin.

Источник

Best Bitcoin Futures Trading Exchanges

As we explained in our post about derivatives, a derivative is a financial term for something that “derives” its value from its relation to another asset.

Futures are one of the top three derivative contracts, as well as one of the oldest around. They were originally developed in order to help farmers secure themselves against changes in the crop prices between planting and the time when they could be harvested and sold on the market. This is the reason why the majority of futures is focused on things such as grains (corn) and livestock (cattle). Of course, the futures market expanded over the course of time and now includes contract connected to a wide variety of assets, including but not limited to:

• energy (oil)
• precious metals (gold)
• industrial metals (steel)
• stocks (S&P 500)
• bonds (treasury bonds)

A futures contract is a forward contract with which commodities or financial products are traded at a predetermined price at a specific future date, i.e. sold or disposed of. Forward contracts are used on the one hand to hedge against price fluctuations. For example, airlines can protect themselves against the negative consequences of price fluctuations in kerosene. What is required is at least a clear opinion on future price developments. In theory, this should make trading quieter and the future more predictable for companies.

Due to their design, however, futures are also ideally suited for speculation. Due to the leverage effect, strong profits are possible – but above all also losses that can massively exceed the input value.

And trading has not yet become particularly quiet. The price of the forward contract, which runs until mid-January, shot up by a good quarter last Monday. The CBOE had to interrupt trading temporarily. After all, the price differences at Bitcoin on various trading platforms, some of which have been very high so far, have diminished somewhat.

How Futures Trading Works

Futures, like other derivatives, have limited lifetime. When the time expires, its value comes down to zero.

There are three ways to trade with futures.

Trading on your own – user can open its own account and use it for trading. This option carries the highest risk as the trader takes responsibility for managing investment, ordering trades, maintaining margins and analyzing the market.

Using a managed account – user can get a managed account. The user’s broker would have the permission to trade on his behalf, according to the agreement they made. This account carries less risk, but the owner would have to pay a management fee and still is responsible for any losses incurred.

Joining a commodity pool – this way of trading with futures carries the lowest risk. The money is put into one wallet from all the participants and traded as one. The profits and losses are spread across all participants equally. Commodity pools also have the ability to invest in a wide variety of futures.

How is the Bitcoin Future price determined?

As there is currently no reliable centrally traded Bitcoin exchange price, the CME uses prices from various platforms. Of course, it is quite possible that the prices on the CME will be the basis for other exchanges in the future. The CME currently sets two prices, the Bitcoin Reference Rate and the Bitcoin Realtime Index. For the first price, the base price of the Bitcoin is published once a day. However, this quotation is not sufficient for ongoing trading. Therefore the real-time prices are formed as a kind of mixed price from the stock exchanges.

As already mentioned, a cash settlement takes place at the end of the contract term. This means that the investor does not have to pay the Bitcoins, but a cash settlement over the current price difference takes place. This was deliberately chosen. In addition to purely practical considerations, institutional investors who are not permitted to invest directly in crypto currencies for regulatory reasons can also invest in digital currencies.

What are the advantages of Bitcoin Futures?

So far, there are hardly any opportunities for large investors to shorten Bitcoins. But they would have to, if they wanted to enter the market on a larger scale. This is also necessary when brokers place derivatives on Bitcoins, such as CFDs or knock-out certificates. There is also the possibility of “netting”. Brokers offset the long and short positions of customers against each other. The open difference is covered by buying real Bitcoins. Of course, this is not the most optimal solution. It would be better to hedge yourself on a futures exchange. This is at least partly possible with the newly launched Bitcoin Future trading.

In the vast majority of cases, investors have also burned their fingers when Shortening Bitcoin. The price has risen too steeply and too quickly. It is therefore not surprising that most issuers offer no products at all or at least no short derivatives on Bitcoin, let alone other crypto currencies such as Ethereum.

Enormous volatility also in Bitcoin Future trading

Bitcoin trading is known for its enormous volatility. Price changes of more than five percent daily are the rule instead of the exception, which is rather not the case in stock trading. In the new Bitcoin Future trading, volatility on the CME was even 10 percent in the first few hours. The high was quoted at 20,865 dollars, the low at 18,135 dollars. The activity can currently be seen mainly in the January contract. There are also contracts that run longer, such as February, March or June. But the trading volume in the longer-term contracts is almost negligible. By Monday afternoon there were only five and nine contracts, respectively, with a similarly high volatility. When the CBOE launched the first Bitcoin Future contract shortly before the CME, the demand from interested parties was so high that the website was temporarily offline.

Of course, the CME also has various requirements as to the range of fluctuation from which Bitcoin Future trading is to be discontinued. On a daily basis, this is 20 percent. In other words, if the future trading of the crypto currency reaches a volatility of 20 percent compared to the previous day, trading is interrupted for the rest of the day. If the volatility is between 7 and 13 percent, trading is interrupted for two minutes.

Long and short position

It is said that you take a long position (go long) if you now agree to buy an asset at a certain price to be delivered in the future (when the contract expires).

It is said that you take a short position if you agree to sell an asset at a certain price to be delivered in the future (when the contract expires).
Hedging and speculation

On the one hand, futures were designed to hedge price developments on the market. But while the producer and the end user continue to use futures as a management risk tool, investors and traders of all types use futures contracts for speculative purposes to generate profit by betting on the price of the underlying commodities.

What is of interest in this article is speculation. Let’s dive in:

In anticipation of a rise in asset prices, investors who speculate buy futures at an agreed price. As prices rise, the contracts become more valuable and can be sold at higher prices to other traders as soon as they expire or even before the expiration date.

In anticipation of a fall in prices, speculators sell futures at a certain price. As prices fall, contracts become more valuable and are bought by other investors at lower prices once they expire or even before the expiration date.

The gain for both investors is the difference between the futures price (the agreed price) and the spot price (the current market price).

Physical Delivery and Cash Settlement

Settlement refers to how futures contracts are consumed on the expiration date. You can use one of two settlement routes:

Physical delivery: occurs when the quantity of underlined asset is delivered by the seller.

Cash Settlement: The seller does not deliver the underlying. Instead, a cash payment is made.

The Risks of Futures Trading

The trading with futures carries a lot of different risks. Some of them are listed below.

Unlimited Liability

Unlimited liability is the main risk of trading with futures. This means that losses could be greater than the investment.

Leverage

The leverage in futures trading can go from 5 to 100 times. Sure, leverage is great when the price goes in the way trader expects, but if it starts moving against user’s favor, he could lose a lot of money.

Market

The market is very volatile in the trading with futures. This means that the trading strategy must be executed each time perfectly in order to minimize the risks.

There are also other risks which involve different policies, currency movement, and brokerage unprofessionalism.

Conclusion

Trading with futures can bring a lot of money, but it also requires a lot of knowledge in order to be done safely.

Inform yourself about the risks before opening your account. We really would not recommend trading without know what are you getting into.

Источник