Cryptocurrency Exchange or Digital Currency Exchange is a company that involves the exchange of cryptocurrency with other assets such as for instance money or any other digital currency. It's a net service that provides electronic transactions in electronic forms and taking fees for them.

Any transactions or operations to Digital Currency Exchange may be made through debit and charge cards, postal money order or any other types of money transfer. This short article is approximately discussing the various cryptocurrency exchanges which facilitate crypto currency trading for novices and what they give with regards to availability, ease of use, security, deposit/withdrawal methods and fees. Hopefully this guide to cryptocurrency trading can help you receive started with cryptocurrency exchanges.

Coinbase/GDAX

Coinbase is one of many biggest cryptocurrency exchanges located in San Francisco, California. It is available in 32 countries and currently serves over 10 million customers. Launched in 2012, it comes with an easy to use interface that makes Digital Currency Exchange an easy task for a non-technical person. It is also designed for both iOS and Android. Unfortunately, Coinbase doesn't provide crypto currency mining for novices and is just an exchange.

As of this moment, it gives four coins, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It exchanges digital currency with US dollars, Euros and Great British Pounds. With minimum transfer fees, Coinbase never experienced any security breach rendering it a perfect platform for digital currency exchange. As well as that, Coinbase also offers a fully-fledged advanced exchange called GDAX. It gives more advanced features and different and better trading fees than Coinbase.

Bitstamp

Bitstamp is another platform that provides digital currency exchange. It's relatively easy to use and offers more advanced features via TradeView. Bitstamp offers coins such as for instance Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency with US dollars and Euro. You can put into practice all the latest crypto currency trading techniques in this exchange.

It gives Flat deposits via bank transfers and supports debit/credit cards  uniswap.Probably the only drawback you can find in Bitstamp is slightly high fees and the fact that it suffered one security breach in 7 years of its operation. Nonetheless, it's one the most reliable exchanges. It is available in both iOS and android.

Gemini

Gemini is a UK based company launched in 2015 by Winklevoss twins. It is available in few countries including U.S, Canada, Hong-Kong, Singapore and South Korea. One of many downsides to the platform is that it's not particularly user friendly. So, beginners aren't recommended to utilize this platform.

It gives two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and US Dollars. Gemini follows strict protocols as it pertains to security and at the time of 2018, it hasn't encountered a single security breach thus making it one of the very secure and reliable digital currency platform. However, it is essential to have digital currency investment strategies before you begin trading.

Digital Ticks

Digital ticks is a modern crypto exchange that aims to be a game changer in this sector. They have implemented lots of the latest techniques rendering it easy proper to get started with trading.

It features a unique feature called a Single Portfolio View that will enable the traders to see all the holding positions on one single portfolio. It would be simple for traders to produce informed decisions about the cryptocurrency exchange employing this unique feature. In addition it supports Bitcoin, Ethereum, Litecoin and Dashcoin.

Kraken

Kraken is one of many oldest cryptocurreny exchange platform. Launched in 2011, kraken is the largest exchange with regards to volume and liquidity for EUR trading pairs. It serves worldwide like the US.

Kraken offers a variety of coins including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. In addition it supports deposit/withdrawals via bank transfers and cryptocurrencies. Having a not so friendly interface, additionally, it is suffering from stability and performance issues however, it's good platform for cryptocurrency exchanges.

Bitfinex

Bitfinex is the biggest cryptocurrency exchange platform. Launched in 2012, it comes with an easy to use interface and offers advanced amount of features such as for instance margin trading, margin funding etc. It is available for both iOS and android platforms. It gives BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Just like the previous cryptocurrency exchanges, it supports withdrawals using US dollars and Euros via bank transfers. Bitfinex has suffered two security breaches, the initial one was in May 2015, which resulted in a loss in $330,000. And the second one on August 2016 that resulted in a loss in worth $72 million.

EtherDelta

EtherDelta is a decentralized exchange that directly supports peer to peer connection. It's different from the previously discussed cryptocurrency exchanging platform. Here, funds are held in an intelligent contract on a Ethereum network that you are solely accountable for depositing and withdrawing from. Currently, EtherDelta only supports Ehtereum based tokens.

EtherDelta features a rather confusing interface which makes it difficult for users to perform cryptocurrency exchange operations. In a single occasion, someone tried to get 750 Kyber for 0.007 ETH each but finished up buying 0.007 KNC at 750 ETH.

Conclusion

After considering the various cryptocurrency exchanging platforms, we could safely say that Coinbase and Bitstamp sticks out with regards to its good features like security, easy to use interface, multiple withdraws/transfer methods and many more.