After the emergence of the Bitcoin Trading as the first decentralized cryptocurrency back in 2009, there were quite a lot of reasons that barred people from investing in cryptocurrency. These reasons include the inability of people to comprehend the blockchain technology, uncertain about its usage and the fear of it being a scam, and losing it to theft. No thanks to the low popularity of exchange platforms.
In a bid to resolve this and draw the hearts of men towards the beauty of digital currency, there were improvements in its technology. This did not just end in the improvements but birth the emergence of several cryptocurrency exchange platforms. All they do is to provide the platform where you exchange your fiat money (dollars, euros, naira, Payoneer funds or PayPal funds etc.) for cryptocurrency or cryptocurrency for the cryptocurrency.
Note that you cannot buy latest ICOs on these exchanges.
What then are the best 3 Exchange Platforms?
The first thing that strikes me at the word Coinbase is the fact that the Litecoin developer – Mr. Charles Lee – today works in Coinbase. This attests the fact that Coinbase is one of the best 3 cryptocurrency exchanges, since the developer of the best alternative to Bitcoin renders his services towards this platform.
It was established in 2012, three years after Bitcoin was developed. With over 10,800,000 users, 36,300,000 wallets, 47,000 merchants, $20B exchanged, 11,000 developers and having raised over $117m from world’s leading investors such as USV, MUFG, BBVA, Coinbase is a fully regulated US Based exchange.
Coinbase is known for the following;
- Improved security,
- Reasonable fees,
- Insurance of cryptocurrency and the fact that it is
- Beginner friendly.
The company operates on GDAX which is a platform for both consumers and merchants to transact with new digital currencies. All you need to do is to register for an account with Coinbase and start transacting. Mind you, you must be 18 years and above to do so.
Secondly, I have AvaTrade.
This is quite an easy and accessible platform with an abundance of training instruments, charts, tools for a secured trading experience. Since it was founded in 2006, the company has been an innovative pioneer in the financial field majorly in the trading of securities.
Its vision of empowering people to invest and trade with confidence in a reliable exchange platform is highly supported by quality service that has a proven track record. Within few years, Avatrade registered users have reached over 200,000 and the company’s trading volume is at a peak of $60B per month.
With numerous trading platforms such as AvaTradeAct, Floating Options, AvaOptions etc., the company is known for the following;
- Integrity and fairness
- High customer service
- A 24-hour multilingual support and an
- Optimal trading environment.
These results have made it a point of call for both experienced traders and novice. All you need to do in opening an account with AvaTrade is to sign up electronically or use your Facebook or Gmail address account.
Then Finally, I have Kraken
This is an exchange platform that so much believes in the fact that Bitcoin security is definitely impeccable. It is described as an exemplary institution which the rest of the Bitcoin world should look up to by TheBlogChain.
If you asked me about why Bitcoin is being mentioned only, I would reply by saying that Kraken is one of the largest Bitcoin exchange platform in the world. This is to the extent of it being rated as the most secure Bitcoin exchanges by the Independent news media.
The San Francisco based company was founded in 2011 and it’s known for the following;
- Fast funding and low fees Bitcoin dark pool
- 24/7/365 support
- Encrypted cold storage
- Leveraged trading
- Advanced order types and the fact that it is
- Cryptographically verified
Kraken only requires that you accept its terms of service and privacy before signing up for an account.
Nevertheless, you can open an account with any of the Best 3 Bitcoin exchange Platforms that aligns with your interest.