A cryptocurrency is a digital currency that is secured by cryptography, which protects it from being counterfeited and double-spent. Many cryptocurrencies are based on blockchain technology which works on distributed ledgers run by diverse networks of systems. These cryptocurrencies are decentralized.
If you are tired of paying banking fees for your transactions and want them eliminated, then crypto is the solution to your problem! Moreover, cryptocurrency offers low transactional charges for even international payments.
And, of course, you can have access to cryptocurrency anytime, anywhere, given that you have an internet connection. Now you must be wondering where to find trusted crypto exchanges. Keep reading! We’ve listed below 4 trusted cryptocurrency exchanges for newbies and experts.
Bisq is often considered the best-decentralized exchange for cryptocurrency. With that being said, it has a wide network of servers all around the globe, making it highly resistant to attacks.
If you’re looking to purchase different types of cryptocurrencies in a secured way, Bisq is right up there with the best. One thing to be aware of about this exchange is that it charges 0.001 BTC and some additional mining fees for trading, irrespective of whether you are purchasing or investing.
- Highly secured
- No ID requirement
- No credit cards accepted
- Only allows wire transfers
Kraken is well known for its excellent customer service. This cryptocurrency exchange takes pride in providing incredibly fast withdrawals with a low transactional fee. You can find Kraken in most regions of the world.
The charges vary from 0 to 0.36%, depending on the nature and type of trading and the volume of trading in the last 30 days. The more you trade, the less the fees.
- Available globally
- Reasonably low transaction fees
- It has some bugs
- A limited selection of altcoins
This exchange has its origin in Malta, but it has branches in different parts of the world, as well. If you’re a newbie in the crypto world, Binance is a fitting place to start from.
This exchange has an extensive range of 200 types of crypto coins in total. Binance also gives a variety of services like futures trading, margin trading, and many more. Their fee stays at 0.1% on most transactions.
- Flat trading fee at 0.1%
- Binance coin (BNB)
- Issues with ID verification
- Slow customer service
If you want to trade in both forex and crypto, eToro needs to be your go-to exchange. It is among the best exchanges for investors interested in trading in different types of assets.
Etoro can be operated from both its site and mobile app. Having been launched in 2007, eToro has seen significant growth in its reputation ever since.
- Availability of mobile app
- Available for both forex and crypto
- Deals in only 14 crypto coins
- Not a crypto-specific
We hope this blog helps you find the 4 trusted cryptocurrency exchanges if you’re a newbie or even if you’re a crypto expert. You can start trading today!