Investing on cryptocurrencies can provide individuals with a steady income stream. A lot of companies are jumping in to the Bitcoin bandwagon which makes the choice of buying currencies a little bit tricky. The time to invest on cryptocurrencies is now as the market is at an all-time high with a market cap of $166 billion. If you are just starting with trading on cryptocurrencies, the first thing that will come to mind is where to buy currencies. In this article, we shall take a look at the best exchanges to buy cryptocoins.
Binance is a rapidly growing exchange that is based in China. However, it does not focus on its native country alone and is open to all countries worldwide. Its tremendous growth has placed it in the top 10 cryptocurrency exchanges in the world. It now has over 140 altcoins and the number continues to grow as the days pass. The standard trading fee in Binance is 0.1% which is lower than other exchanges. Robert Janitzek reveals that in order to get started with Binance, you need to register with your email ID.
Changelly is one of the easiest ways you can buy currency. It is a product of the mining pool, MinerGate, which has a proven track record of consistently good products being deployed into crypto space. With Changelly, you do not need to go through lengthy verification or registration process. All you need is to log in with your email ID. It supports more than 35 cryptocurrencies. They charge a commission fee of 0.5% per trade.
Bittrex is a US-based exchange that gives you the option to trade more than 190 cryptocurrencies simultaneously. Robert Peter Janitzek reveals that they are well-regulated and compliant with current US rules so you are assured of the safety of your funds. It allows the user to determine the rates they want to trade and charge them a small service fee of 0.25% for the platform. You just need to register and log-in using your email. But for withdrawal, you need to undergo Know Your Client (KYC) by submitting ID documents and phone number.
ShapeShift is another easy and hassle-free cryptocurrency exchange that was introduced by Erik Voorhees, a pioneer Bitcoin investor. The exchange enforces a strict “No Fiat” policy, which means that they do not deal in national currencies such as USD/GBP/EUR. To buy cryptocurrency from ShapeShift, you only need a ShapeShift-supported cryptocurrency and a wallet address of your desired currency.