Top 5 Fiat-to-Cryptocurrency Exchanges

  • Top 5 Fiat-to-Cryptocurrency Exchanges

    Top 5 Fiat-to-Cryptocurrency Exchanges

    Anyone wishing to enter into the cryptocurrencyCoinbase is a popular cryptocurrency exchange and wallet service provider. They have millions of customers from all over the world. The service was launched in 2012 and they currently have more than 10 million customers with over $50 Billion in trades since inception.

    Coinbase is known for its ease of use as well as its availability in many different countries. Another popular feature on the Coinbase exchange service is the GDAX platformGemini leads the way in being the foremost US regulated cryptocurrency exchange service. Based out of New York, they operate fully licensed and registered to provide BTC and ETH exchange services. The platform was founded by Cameron and Tyler Winklevoss, the famous Winklevoss twinsRead the guide to trading on Gemini.

    3. Kraken

    kraken Fiat-to-Cryptocurrency Exchange

    Many crypto exchange services try to offer something a little different in order to give themselves an edge in the market. In the case of KrakenPGP email encryption. Identity verification is required upon opening an account.

    4. Coinmama

    coinamam-Fiat-to-Cryptocurrency Exchange

    Coinmama Bitstamp is a popular crypto exchange service in Europe. This is due to the fact that deposits made via SEPA are 100 percent without charge. Established in 2011, it is one of the oldest and most trusted cryptocurrency exchange platforms on the market.

    In terms of security features, Bitstamp has quite a good setup. Their services come with multi-signature (multisig) technology, and 2-factor authentication protocols. The bulk of their crypto holdings are also kept offline away from online hackers.

    Bitstamp offers some of the lowest fees on the market. Cryptocurrency purchases below $500 in value are charged a fee of 0.5 percent. Purchases above $150,000 are charged fees of only 0.2 percent.

    The Bitstamp website offers multiple language support and they accept a host of currencies such as Swiss francs, Euro, and GBP.

    Closing Remarks

    Like any other investment class, cryptocurrencies involve a fair bit of risk. Before choosing a crypto exchange platform, it is important to carry out a proper due dilligence. A lot of research has to be done before one can comfortably settle for an exchange service. Parameters such as fees, payment methods, and account security features are just some of the key indicators of a reputable cryptocurrency exchange. With proper research and due diligence, the risk of falling victim of exchange fraud is materially diminished.

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