Bitcoin has seen a dramatic rise in popularity in the last two years. More and more people have, and are, jumping into the refreshing waters of digital currencies. Anonymity and decentralization are its two biggest provocations towards fiat money. The fact that there are no paper trails and that you actually own the money and are solely responsible for each trade you make, have people drooling uncontrollably. As this currency grows and more people begin to normalize its use, it is important to choose the right places to buy and sell Bitcoin from.
As such, we have compiled a list of the three most trusted Bitcoin traders/exchanges for 2017.
The first of its kind, BitStamp is digital platform that is soon to be licensed in all 28 EU member states, making BitStamp is one of the most popular Bitcoin exchanges in the world. Founded in 2011, they have quite an established presence. Armed with a good-looking, easily navigable website, they’re loaded with plenty of resources to help first-time traders to even the most advanced customers. You can trade in Bitcoins and Ripple using Euros or USD. Transactions fees are fairly low as well, ranging from 0.1% to 0.2% depending on which currencies you trade in. They also have a multitude of methods to trade in, including credit cards and wire transfers.
With 5.5 million customers served, and $5.0 billion dollars in cryptocurrencies –Bitcoin and Ethereum- exchanged, Coinbase is the world’s most popular Bitcoin exchange. A platform for both merchants and traders to engage in, they are one of the most versatile, too. With a well, but simply designed site, it is inviting to anyone who wants to trade Bitcoins whether you have been in the game for a while or not. Their low transactions costs are also a winner.
Yeah, the ugly sea monster’s namesake! San-Francisco based Kraken, is one of the most secure online digital currency exchanges in the world. Trading in Euros, Canadian Dollars, US Dollars, GB Pounds, and Japanese Yen, their worldly reach is evident. Partnered with German and Japanese government entities, their reliability is further reinforced. Low transactions costs between ‘makers’ and ‘takers’ also set them apart as the best.
Going into digital currency trading is an exciting pursuit, no doubt. But make sure to choose the best places to spend your money to avoid disaster! The above list is a good starting point. Good luck, and happy trading!