Top 10 Bitcoin Exchanges
In a relatively short space of time, Bitcoin has become the number one crypto currency and people all over the world are using it for all manner of different reasons, whether as a simple investment opportunity or to buy a range of different goods and services online too.
However, when you do wish to buy or sell Bitcoin you will of course need a way of doing so, and the way that you do so is by making use of one of the many Bitcoin Exchanges of which there are certainly no shortages of.
You will however always need to ensure that any Bitcoin Exchange you are using is always going to be open for business and has the volume of people using them to ensure you can always buy or sell any quantity and volume of Bitcoin both seamlessly and instantly too.
As such to give you an idea of which are currently the top 10 Bitcoin Exchanges, I have put together the following guide, that will not only introduce you to each Bitcoin Exchange you can make use of, but this guide will also let you know what makes each of them unique and as popular as they currently are too.
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- Frequently Asked Questions
There are going to be no shortages of Bitcoin Exchanges that you can sign up to and make full use of no matter where you live in the world, however the one that must people do tend to use is CoinBase that can and will enable you to buy and sell Bitcoin completely seamlessly.
One aspect of CoinBase that many people do like, is that thanks to their own unique wallet being accessible on both the Android and iOS operating systems you are always going to have access to your Bitcoin holdings and can of course trade them from anywhere you are using your mobile device.
Amazingly, over 8million people have already signed up and have used CoinBase and they have exchanged huge volumes of Bitcoin over the years, so do have a solid reputation for handling both small and large volumes of Bitcoin.
You will of course be demanding a completely hassle free experience when you wish to trade Bitcoin, and that is something you will have on offer to you when you sign up and start using the CoinBase exchange, and it will take you less than a minute to sign up to their exchange and can then start to use it straight away.
Whenever I have been on the lookout for a Bitcoin currency exchange I will always check just how long any one I come across has been in business and also check to see if anyone I know has use that exchange before.
There are benefits of doing so for you will never want to experience any types of problems when you do set about using an exchange. With that in mind I would like to introduce you to another on my top 10 Bitcoin currency exchanges and that is BitStamp.
BitStamp have been around for some considerable time now and will be offering you something of a fully rounded experience and one that you are more than likely to want to return to whenever you do with to buy or sell your Bitcoin.
I also tend to steer very clear of any exchange that is going to be imposing high fees and charges on each exchange you make, for it is common sense that the higher the fees and charges that you will end up paying the lower value you will be getting. The fees that BitStamp offer are very modest, and quite comparable to the lowest charging Bitcoin currency exchange which is worth knowing
There is something of a unique type of service that is going to be offered to you by LocalBitcoins, for instead of you being able to exchange your Bitcoin online or by using a mobile device type of service and then having your cash sent out to you via one of many different methods, their service will link you up with a real person nearby to where you live.
Not only can you sell your Bitcoin on a one to one basis you can also buy Bitcoin too, and as such this is a service that you may prefer using if you want to do business with real life people in a real life environment!
You are also going to find that everyone who is registered to use the LocalBitcoins service can and will be reviewed by other users of that service, so you will also be able to check out whom you may be wishing to do an exchange with.
I would suggest that you take a look over the LocalBitcoins website as that way you will get a deeper insight into the service they offer all of their customers and you will then also be able to locate people in your local area who do wish to buy or sell any quantity of Bitcoin on a one to one basis.
Kraken is a fairly new digital currency exchange that you may be interested in signing up to and using, and if so then there will be quite a number of different benefits coming your way when you do so, and as such please do read on to find out what they have to offer you.
What I have found when using Kraken is that you are not going to find it either time consuming to exchange your Bitcoin and they can handle both small and large volumes too, so you can exchange any amount of digital currency you want to exchange.
One thing you should always ensure you have is a range of different currency exchanges at your disposal, as that way you are never going to experience any delays or problems in regards swapping your Bitcoin whenever you need to.
It is also important that you are going to have as many ways of exchanging Bitcoin such as either online or using any type of mobile device too, and that is something that you will always be able to do at Kraken, their website is where you will find a complete overview of their services so do check it out.
OKCoin has designed and has developed one of the easiest to use but it does have to be said one of the most advanced digital currency exchanges, and as such they have rightly earned their listing on this guide to the top 10 Bitcoin exchanges.
There are a huge number of people who have used the OKCoin Bitcoin exchange over the years and the number of new customers who are also signing up to use it is on the increase, which does of course mean they are doing something right.
If you want to ensure that you are never going to be paying more than you could or should do when exchanging digital currencies then OKCoin comes highly recommended, and are one of those exchanges that you just know are going to be around forever and will always strive to give you a fully rounded experience.
To help you compare what they do have on offer I would urge you to pay a visit to the OKCoin website which is where you will find a very comprehensive overview of what they are going to be offering you, and you can also start to use their exchange straight away once you arrive at their website too of course.
ItBit may not be a digital currency exchange that you have heard of or come across before, however if you are on the hunt for a very reliable and robust Bitcoin exchange then they are one that many people are now using on a day to day basis.
Whist there are no shortages of Bitcoin exchanges that you can sign up to and make use of these days, you are always going to be best advised to locate and utilize one that is going to be offering you everything you could ever need from such an exchange.
ItBit offer an all in one type of Bitcoin exchange and as such you are always going to be able to by digital currencies using their exchange and will of course also be able to sell any volume and quantity of digital currency too.
Their mobile exchange is one of the most advanced ones I have come across and one additional benefit you will have coming your way if and when you do decide to use ItBit is that you are not going to be faced with having to pay any excessive fees for using their exchange irrespective of the volumes of Bitcoin that you wish to buy or sell.
Another Bitcoin exchange that many people are using and using in a very cost effective and hassle free way is the one available from BitQuick, and if you are seeking out an exchange on which you can exchange large or even very small amounts of digital currency then there is a lot to like about them.
Having the peace of mind in knowing you are not going to face any long and drawn out delays n regards to getting your Bitcoin exchanged or face any delays in regards to the amount of time that it will take you to buy any quantity of digital currency is important.
The way in which the BitQuick digital currency exchange works and operates is that anyone can very quickly start using it, with the absolute minimum of fuss and BitQuick will then rapidly exchange your Bitcoin or your cash.
You do have a lot of choice of course and can utilize any exchange you wish to use, but when it comes to a fully rounded experience you will be very hard pressed to find another exchange as good as the one offered by BitQuick so do consider giving them a try as I’m sure you will not be disappointed when you do so.
You will possibly have already chosen a digital currency exchange, if you have been using any one particular crypto currency for any length of time, however it is always worth keeping your eyes peeled for any that are offering you a no nonsense and straight forward type of service.
With that in with another one to consider using is Circle who does of course offer a range of different ways that you can both buy and sell. Keep in mind that whilst some digital exchanges may offer you additional services some keep things nice and simple.
That is what you will find on offer when using the Circle digital currency exchange which is available as both an online platform and one that you can utilize on you smart phones too. Very reasonable fees are associated with this exchange and you will not find it complicated to use if you are new to crypto currency exchanges either.
As with all of the top 10 exchanges I have listed on this guide I would encourage you to read through the Circle website to find additional information to allow you to get a good idea of what they have to offer you when and if you need to use an exchange.
I have one final Bitcoin currency exchange that I do feel is of the quality demanded by today’s savvy Bitcoin user, and that is the exchange that you will find on offer and available by Ecoin. They are an up and coming exchange that has been getting some rave reviews recently.
It is often the case that those Bitcoin currency exchanges that offer a completely no nonsense type of way of turning Bitcoin into cash or cash into Bitcoin are going to be the ones most people will be wanting to use, and that is why Ecoin are offering a no frills type of exchange.
You are not going to face with a plethora of unique features that can and often do allow some exchange operators to increase their fees and charges and as such another benefit of using Ecoin is that their fees are relatively low and modest when compared to most other Bitcoin exchanges.
To learn more about whether they are going to be offering you exactly what you are looking for and seeking from a Bitcoin exchange, simply head on over to their website and everything will be explained to you.
Frequently Asked Questions
To help you get a much deeper understanding in regards to how Bitcoin exchanges work and operate I have listed below some of the most frequently asked questions related to that topic many first time users of Bitcoin are often seeking the answers to.
Plus, you will of course find underneath each of those questions the related answers also, so please read on for any questions that you may have about using a Bitcoin exchange may just be answered in the section below.
1. How Do Bitcoin ATM’s work?
To be perfectly honest there are no major differences in regards to the way they work and operate when compared to a standard ATM, and as such you will be able to buy small or large quantities of Bitcoin and get paid out in cash or you can insert cash into them and buy any quantity of Bitcoin instantly.
2. Do Bitcoin exchanges offer customer support?
Some of the major Bitcoin currency exchanges will also offer on their website a range of help guides that may answer your questions, and some of the larger ones may also offer a user forum which is often where any questions you do have will be answered.
3. Which Bitcoin exchange should I use?
It is going to be up to you just which Bitcoin exchange you do decide to use, but always ensure that you pick one that isn’t going to charge you a small fortune for buying or selling any quantity of Bitcoin and also pick one with a good and solid reputation too.
4. Can I use Bitcoin as little or as often as I like?
You are going to be pleased to learn that you are not going to be obligated in any way in regards to just how much business you do when using Bitcoin and as such it is going to suit everyone, and not just those who are likely to give Bitcoin a huge amount of business.
5. How quickly can I learn how Bitcoin works?
The entire service you will be accessing when you do start to use Bitcoin has been designed with the end user in mind, so there are no technical abilities or any special skills you will need to be able to use Bitcoin.