List of Bitcoin Exchanges – Some of the Best Places to Buy or Sell Bitcoin
Selling, buying or trading Bitcoin can be stressful and intimidating, especially if the investors do not have a list of Bitcoin exchanges that are suitable to choose. People who are inexperienced but want to invest in cryptocurrency are often hesitant due to rumors of scams, complexity of investing and a lot more. However, if the potential investors choose the best Bitcoin exchange sites, they can easily trade or invest in Bitcoin without worrying about scams and unnecessary technicalities.
Investing in Bitcoin or other cryptocurrencies is not as simple as one may think but choosing a secure exchange site can make the whole experience a lot easier. Whether the interested parties want to buy, sell, hold or trade Bitcoin, they can do so without any inconvenience or risk of safety if they choose one of the top Bitcoin exchanges.
Here is a list of some of the best Bitcoin exchanges that can be helpful for the potential Bitcoin investors.
List of Bitcoin Exchanges – Coinbase
Coinbase is a Bitcoin exchange, founded in the year 2012. It is arguably the best Bitcoin exchange for all interested parties, whether they are experienced traders or beginners. Coinbase is fully licensed and is one of the top Bitcoin exchanges in the United States, operational in more than 40 U.S. states.
Coinbase is one of the best Bitcoin exchange sites as it has steered clear of any controversies regarding frauds, as compared to other Bitcoin exchange sites. This is also one of the most suitable exchanges for the inexperienced investors, thanks to its user-friendly interface and the ease and convenience it offers to people who are looking to invest in Bitcoin for the first time.
Traders, hodlers or beginners should also consider choosing Coinbase from the list of Bitcoin exchanges as it offers the facility of custodial wallets to safely store funds. The custodial wallets are most convenient and useful for the beginners, however, in such a case the private key to the Bitcoin is owned by Coinbase.
Coinbase Pro
Coinbase offers Coinbase Pro, which is a free version and has different indicator and chart options, in comparison to Coinbase. Coinbase Pro is one of the lowest fee Bitcoin exchanges, which is suitable for the Bitcoin investors with little or no experience. Moving towards Coinbase Pro is a good way to progress as it offers some additional features that the advanced users look for.
Bisq
Bisq is one of the decentralized Bitcoin exchanges where the trading fee can be paid with Bitcoin and the native cryptocurrency of the network, BSQ. One of the benefits of using this platform is that it is non-KYC (know your customer) and offers 30 different payment options. Bisq has also developed applications for both Android and iOS users, which makes it easily accessible to people even in the countries where the banking systems are underdeveloped. Amongst the list of Bitcoin exchanges, Bisq can be seen as a platform that offers privacy to its customers and potential investors. With the help of Bisq, traders can trade various fiat currencies that include Bitcoin, USD and several other cryptocurrencies. Some of the drawbacks of Bisq can include the slow transaction speed (depending on the payment method) and low trading volumes. However, it offers free and open access to a unit of account, irrespective of the location. Therefore, Bisq is not one of the largest Bitcoin exchanges but it offers the opportunity of crypto trading to a large audience.
Cash App
Cash App is one of the best Bitcoin exchange sites for the beginners, thanks to its user-friendly interface. Cash App offers peer-to-peer money transfer, which helps the users in paying rent or purchasing any item from an online shop that supports Cash App.
The users of the platform can use it as a bank account and have their own Cash App debit cards. There is a service fee that is charged by Cash App at every transaction, which is determined according to the market activity.
Cash App is amongst the list of Bitcoin exchanges that are most suitable to use as it offers peer-to-peer transactions and allows the users to withdraw their Bitcoin. However, interested parties should also know that Cash App only allows the investment of Bitcoin at the moment.
Best Way to Earn Passive Income
Passive income, or in other words, earning money without actively participating in a business is possible if the interested parties opt for copy-trading. Copy-trading through a secure exchange such as PrimeXBT Covesting can help people interested in crypto trading to enjoy its benefits in a hassle-free way.
Therefore, PrimeXBT Covesting is a suitable option for people who do not have enough time but intend to participate in trading Bitcoin. On the other hand, experienced traders looking for a secure exchange should have the information mentioned above or they can opt for ByBit to start trading without any inconveniences.