The Bitcoin exchange platforms are internet marketplace that acts as an intermediary between the buyers and sellers of the Bitcoin using different fiat currencies. These exchange platforms will match buyers with sellers, and traders can opt to buy and sell bitcoin by inputting either a market order or a limit order.
Once the market order is selected, the Bitcoin trader will authorize the exchange to trade his coins for the best available price in the online marketplace. The bitcoin marketplace is designated as either makers or takers where a buyer or seller can place a limit order until the price is matched by another trader on the opposite end of the transaction.
Once the price is matched, the buyer or seller who set the limit price is referred to as a maker. A taker is a trader who places a market order that immediately gets filled. Bitcoin exchange has transaction fees that are applied to each completed transaction carried out within the exchange.
These fee rates are dependent on the volume of bitcoin transactions that is conducted. To transact in bitcoin on an exchange, a user has to register with the exchange and go through a series of verification processes to authenticate his or her identity. Making a deposit and withdrawal comes at a price, depending on the payment method chosen to transfer your funds.
Now, let’s start analysis each Bitcoin exchange platforms in our lists
This is the most trusted digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, the world’s most widely used alternative currency with a total market cap of over $100 billion.
Coinbase is an open financial system that is not controlled by any country or company. The Bitcoin exchange platform thinks the highest leverage way to bring about more economic freedom, innovation, efficiency, and equality of opportunity in the world is to independent.
Any open financial system can be a great equalizer and lift billions out of poverty while accelerating the pace of innovation around the world. This is the best way Coinbase know to change the world. Trust is the sum of every interaction customers have with the company expecting the company to be world-class at security, compliance, technology, customer support, design, and many more.
Bittrex Bitcoin Exchange Platforms
This is another secured, reliable and advanced digital trading platform developed for international customers and built on cutting-edge technology. This international trading platform provides innovative tokens with a more streamlined approach for being listed, while also providing instant trade execution, dependable digital wallets, and industry-leading security practices.
Bittrex committed to being a driving force in the blockchain revolution by increasing adoption of this innovative technology around the world. Using the company’s streamlined token listing process, innovative blockchain projects that could potentially transform the way goods, services and operations are managed globally.
The custom trading engine was designed to be scalable and to ensure that orders are executed in real-time. The digital currency company also support third-party trading platforms and algorithmic trading via extensive APIs.
Security will always be a top priority in every decision we make, and we incorporate multiple layers of protection, using the most reliable and effective security technologies available to keep your funds secure.
This Bitcoin exchange company has changed the landscape by making cryptocurrency accessible to Canadians, with all levels of crypto experience. By breaking down the barriers of complex and confusing crypto transactions,
CoinSmart offers a simple trading interface, learning tools, and 24/7 client support. The platform features enterprise-grade security, cold wallet storage, and easily-generated tax-time reports. Just forget about trading pairs with one click you can trade from one altcoin to another, without having to trade to Bitcoin or Ethereum first.
It’s as simple as choosing which coin you want to sell and which other coins you want to buy. Coinsmart takes care of the rest in one simple transaction. With an easy-to-use and intuitive platform, buying, selling, and trading cryptocurrency have never been simpler.
The company’s interface was specifically designed to be accessible for any level of crypto investor whether you are making your first trade or have years of trading experience.
CoinSmart is the only Canadian crypto exchange that provides 24/7 omnichannel support for all your questions. You can connect with a SmartRep via email, phone call, or live chat. With CoinSmart you’re a name, not a number.
95+% of their coins are kept in industry-leading cold storage wallets, which means they aren’t left online. CoinSmart is also backed by two Canadian banks for all your on and off ramping crypto needs, so your money never leaves Canada.
The advanced feature was specifically designed for more experienced investors. Featuring limit orders, stop loss, and real-time charting, you can place customized orders using our order book functionality.
Luno Bitcoin Exchange Platforms
This is another Bitcoin exchange platform with believing that decentralised cryptocurrencies like Bitcoin will fundamentally change how the world views and uses money. As early pioneers in this industry, we feel it is the duty to bring this knowledge and excitement to the world as best they can.
Luno is trusted by over 2 million people across 40 countries. That is because they are building a community together. Luno wants to upgrade everyone, everywhere with their easy-to-use products, built on some of the world’s most sophisticated cryptocurrency security systems.
While traditional financial institutions may rely on exclusive offers, Luno provides inclusive experiences. The Luno team comes from a wide range of backgrounds in engineering, finance and industry, but all united with the passion to revolutionise the way people use money.
The company’s expert teams have worked all over the world for top tech and finance companies. They’ve been pulled together from Google, Amazon, Morgan Stanley, Barclays and others, on a mission to upgrade the world to a better financial system.
This is a Bitcoin exchange company with a proven track record and a mature approach to the industry providing reliable trading of cryptocurrencies. Bitstamp will help you to stay connected to the market with their mobile app.
Featuring advanced order types and analytical tools for experienced traders, as well as a simple buy and sell interface for those just getting started. You will be charged no deposit and withdrawal fees for crypto.
This may be the only way to send any amount of money worldwide without paying a cent. You will have access to premium crypto trading for both individuals and institutions through high liquidity, reliable order execution and constant uptime.
Just set up your own trading interface or deploy your algorithmic strategy with our high-performance FIX and HTTP APIs. Connect to our WebSocket for real-time data streaming.
Depending on your country of residence, you may not be able to use all the functions of the Site. It is your responsibility to follow those rules and laws in your country of residence and/or country from which you access this Site and Services.
BitBay Bitcoin Exchange Platform
The Bitcoin exchange system was improved in order to be more user-friendly, and the first professional trading tools emerged. Investments in cryptocurrencies are connected with the possibility of a loss for the Users, even with a small change in the price of the underlying instrument in the form of cryptocurrency.
It is not possible to make a profit on cryptocurrencies without exposing yourself to the risk of incurring a loss. When making investment decisions, the User should be guided by his own judgment. More information is available in the Declaration of Investment Risk.
For the purpose of verification of data, the User must present to the BitBay employee an identity document or send a scan or photo thereof in the .jpg or .png format by means of the form on the website.
In case of doubts, BitBay can ask a User to send the photo of their identity document made so that both the User’s face and their identity document can be seen simultaneously (the so-called selfie) or connect with the User via a video communicator (e.g. Skype).
Your personal data shall not be made available to other entities without the User’s knowledge except for the entities authorized under the provisions of law.
This is one of the largest Bitcoin exchange companies based in Melbourne that aims to provide users with a simple and secure crypto trading experience. The platform offers the opportunity to buy and sell 100+ cryptocurrencies, plus also includes a Learning Centre designed to educate novice crypto enthusiasts.
Cointree offers a built-in wallet for a wide range of cryptocurrencies, rather than you need to use your own private wallet, and has introduced a portfolio tracking feature to make it easier to track the performance of your crypto holdings. An online Learning Hub also provides information and advice for crypto newcomers.
The minimum amount of bitcoin you can purchase with Cointree is $20. Upper transaction limits vary between accounts and purchase options, so log in to your Cointree account for full details of any restrictions that apply.
The company provides all users with Proof of Solvency. Proof of Solvency (PoS) is a process to verify your bitcoins are real and to view your bitcoin transactions through an external website. You can access this feature by logging into your account.
When selling bitcoin, the minimum limit is once again $20. You can sell up to $50,000 of bitcoin per day, with a maximum of $10,000 per transaction. Bitcoin exchange platforms will match buyers with sellers and traders can opt to buy and sell bitcoin by inputting either a market order or a limit order…