As Cryptocurrencies are becoming popular, there are a plethora of cryptocurrency exchanges, which are the main reason how the users are able to exchange or trade. The cryptocurrencies are volatile as that is an unavoidable characteristic of digital currency. Let us first understand what exactly is a cryptocurrency exchange, what does it do and then we can have a look at the best cryptocurrency exchange list for crypto trading 2019.
A cryptocurrency exchange allows the investors to buy, sell or trade cryptocurrencies (either from fiat to crypto or from crypto to crypto). The cryptocurrency exchanges mostly support the top 20 cryptocurrencies by coinmarketcap. People look out for the security of their crypto holdings, hence they would prefer exchanges that offer great functionality, is user-friendly and secured.
Coinbase Pro was one of the early cryptocurrency exchange platform, founded in 2012, based in San Francisco, with a valuation of around $1 billion. Coinbase Pro helps enable withdraw and deposit funds easily. It offers competitive fees, advanced trading features, and deposit options. IT is insured by the New York Stock Exchange and Andresseen Horowitz.
Dagx.live was established in the year 2018, and it formally launched the trading operations in 2019. According to many industry specialists, the platform is one of the most promising in the market. The participants are allowed to buy or sell the cryptocurrencies using various fiat currencies, that include U.S. dollars, Australian dollars, euros, and British pounds. Also the participants are allowed to use 35 virtual currencies for exchange. They include the popular
Ones, like Ethereum (ETH) and bitcoin (XBT), and others that have gained traction in recent times, like EOS (EOS) and Monero (XMR).
BitMex is one of the premier Bitcoin exchange platforms across the world, based out of Hong Kong. As the name suggests, BitMex( Bitcoin Mercantile Exchange) is a trading platform for Bitcoin, the largest cryptocurrency by market capitalization. There have been reports that BitMex has had experienced over 2 billion USD transactions that have happened in 24 hours.
Kraken, founded in 2011 by Jesse Powell, is one of the largest bitcoin exchanges for its popular section of fiat currency exchange including Euro, Yen, USD, pound, etc. Kraken is partnered with the first cryptocurrency bank in the world. It supports over 17 cryptocurrencies with a maker and taker fee of 0% to 0.26%. Kraken even provides bitcoin pricing to Bloomberg terminal.
Bitfinex was started in 2012 and is based out of Hong Kong, offering the most liquid order, which allows easy exchange with minimal slippage. Bitfinex enables the users to trade up to 3.3x leverage by getting funds from peer margin platform. The margin funding market of Bitfinex helps you earn interest in digital and fiat assets. The users can also auto-renew the offers, even if it gets expired. The best part is that Bitfinex lets you have the set-up done according to your needs or preferences.