Cobinhood Among the top 5 cyptocurrency exchanges today.

Cryptocurrency trading is a very lucrative and profitable business that if done correctly, The investor/trader can make cool money from it.

A cryptocurrency exchange may be defined as a platform or website where you can buy and sell cryptocurrency.

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The types of cryptocurrency exchange includes:

This Exchange type is the closest thing to an online store or the traditional exchange agency that you would find in an airport. The company acquires the cryptocurrencies and then resells them to users at market price (plus any extra commission).

This is the simplest option if you have no idea of ​trading, although it is also usually the most expensive. Coinbase is one of the most well-known platforms that works on this business model.

The "traditional" exchange houses are the most popular among investors. These are Exchanges that offer a trading platform where traders can freely exchange cryptocurrencies at market prices. Usually, a spread is charged for each transaction and some other fee for deposits, payment methods, balance provision, etc.

In these platforms, the cryptocurrencies can be negotiated with margin according to the Exchange, based on other currencies (EUR, USD, etc.). Visible examples of this business model are Kraken, Bitfinex and Poloniex.

These are Platforms that offer the "peer to peer" exchange of cryptocurrencies, that is, between pairs or equals. Through these exchange houses, you can sell or buy foreign currency to individuals, which do not necessarily base the sale price on the value of the markets.

These type of Exchanges usually adds a small commission to the transactions for "management expenses". One of the most popular is Localbitcoins.

Available cryptocurrencies

Not all exchange houses offer the purchase or trading of all cryptocurrencies. for example, Bitstamp does not have Dash.

Commissions and payment methods

Costs vary significantly from one exchange house to another. Check the expenses incurred according to the payment method you use, by spreads and by the disposition of the balance among others. How to pay for your coins is an important issue. An Exchange that does not allow payment by credit card does not help you if you are looking to buy Bitcoins with your Visa card.

Wallet? Yes or no ?

Some exchange houses like Coinbase also offer a wallet service. This means that you can acquire your cryptocurrencies directly from your digital wallet without the need to register extra in the Exchange.

Security

a good exchange house has to offer liquidity and be a cryptocurrency carrier worth more than a few hundred million USD. On the other hand, the best platforms keep most of their funds in offline deposits (in paper format or USBs) to protect them from attacks.

Limits when depositing or withdrawing your balance

As it happens with an ordinary ATM, Exchanges usually establish a limit amount both when depositing balance and withdrawing it at the same time. The amounts are usually quite high (above EUR 1,000), however, it depends on your needs as an investor.

You'll need a payment method when depositing your money in an exchange, Below are some methods used by most exchanges:

Deposit in cryptocurrencies

if you are looking to buy cryptocurrencies from scratch, this option does not work for you. However, if you already have some digital currencies and want to exchange them for others or deposit them in an Exchange, you can usually do it with a 0% commission.

Bank transfer

undoubtedly one of the most popular and extended methods, around 1% of commissions.

Paypal

just like card payments, Paypal is one of the most expensive options, around 3-4% of commissions.

Credit and/or debit card

it is usually one of the most expensive options, with commissions that are around 3%.

All exchange houses, whatever their type, act as intermediaries. That is why in the end you will have to pay some kind of commission. Below are some types of commissions that you might pay:

Commissions when withdrawing the balance

As it happens when depositing money in your account or buying cryptocurrencies, when withdrawing your balance from the Exchange, you will surely have to assume two commissions: the first according to the payment method (if you prefer to receive the balance at your bank account, Paypal, debit card, etc.); the second, by currency exchange (in case you receive, for example, your Bitcoins in Euros).

Commissions for each transaction

This is basically the spread or commissions that accrue from each transaction. They are calculated according to the negotiated volume and can be fixed or variable (according to market prices).

Commissions according to the payment method

Although the Exchanges do not usually charge this type of commission, the issuer of the payment does. So both when buying cryptocurrencies, and when depositing money in your wallet account etc.

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Binance is an Hong kong based company that surprisingly raised about $15 million in July 2017 during their ICO. They were also able to acquire about 20,000 registered users during this period. Binance Ceo (Changpeng Zhao) has an impressive record and experience as a result of all the experience he gathered while working at Blockchain, OKCoin, and BijieTech. From its ICO to date, Binance has made a name for itself and currently has over 140 alt-coins listed on its site.

They also have a unique tariff structures as they give a 0.1% standard trading rate to all starters.

Visit their official site to know more about Binance.

• Official site: https://www.binance.com/

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Bittrex is a United States based company that offers the ability of traders to exchange over 190 different crytocurrencies through their platform. They also perform compliance audits on new cryptocurrencies, so that operators can be sure they are operating safely and legally.

Bittrex was launch early 2014 and has since complied with all regulations of the US government. They have lots of pairs that can be traded. Enjoy their fast transactions and great stability when you use them. Visit their Official site to learn more.

Official site: https://bittrex.com/

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Cobinhood is a zero trading fee cryptocurrency exchange with high security and highly user-friendly.

They have a stable platform and mobile wallets that gives you the ability to monitor your trade from your mobile phone with ease.

Their zero trading fees gives you the ability to carry out as much trade as you can afford without fear of trading fees.

I'll recommend this top notch platform for anyone that is interested in using an exchange.

Visit their official site to learn more about Cobinhood.

Official site: https://cobinhood.com

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These days, you cannot talk about cryptocurrency exchange and not mention Poloniex. Even without listing all the alt-coins available, they still manage to be the number one when it comes to the trading of alt-coins. They showed their class when they joined the first few exchange to support Ethereum classic just after the Ethereum fork.

Visit their official site to learn more.

• Official site: https://poloniex.com/

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One of the modern and secure Exchange that you can trade your crptocurrency is Kucoin.

Kucoin has a team of experts which already earned their reputations and experience from high profile organizations like Ant Financial, GF Securities, Youling, Jianbang Communication and iBOX PAY.

Their main aim is to be the most user friendly exchange available. They also have their own token known as Kucoin.

With incentives like the referral bonus and good negotiation fees, Kucoin is out for business.

Visit their official site to learn more about Kucoin.

• Official site: https://www.kucoin.com/