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Cryptocurrency Exchanges

Cryptocurrency Exchanges Explained

Cryptocurrency exchanges are platforms that help investors trade (buy/sell) virtual currencies. There are dozens of exchanges all over the world and each of them have different features for traders. These platforms will be very useful if you want to buy cryptocurrencies or trade in this exciting market. 


Coinbase Exchange

Coinbase is one of the largest and most recognized cryptocurrency exchanges in the world. The platform has been operating for several years now and it is one of the best for newcomers that want to get access to virtual currencies. This is due to their user-friendly interface and worldwide availability. 

Coinbase will allow you to transfer money to the platform using a bank account in USD, EUR or GBP. In addition to it, you will be able to use Coinbase as a wallet to store your virtual currency funds. Nonetheless, take into consideration that Coinbase is going to be the custodian of your coins. 

Coinbase has been known to be a user-friendly wallet and basic exchange but now they launched Coinbase Pro which is meant for advanced traders.


Luno Exchange

Luno is one of the largest platforms to buy and sell cryptocurrencies offering services mostly in the African and Asian continents. The platform is offering services to users in countries where other traditional or popular platforms do not operate, this is why Luno became so popular. 

This platform will allow you to deposit fiat or cryptocurrencies. You can use Instant EFT with PayU, which will transfer the funds immediately. If you use a bank transfer, then you will have to wait longer. 

The trading experience is going to be very easy with both the smartphone or the web version. 


Binance Exchange

Binance is one of the best platforms to trade and handle virtual currencies. The exchange became popular after the 2017 bull run in the cryptocurrency market and it is now one of the largest in terms of trading volume. 

The exchange offers users the possibility to get access to a wide range of tokens, trading pairs, services and products. Indeed, the platform is currently among the most advanced and complete in terms of solutions offered to users. 

Binance allows traders to save in virtual currencies, handle stablecoins, request a debit card and participate from Initial Exchange Offerings (IEOs). In addition, the exchange is also offering a futures trading platform for more advanced traders.


Paxful Peer-to-Peer Marketplace

Paxful is a peer-to-peer marketplace rather than a traditional cryptocurrency exchange. This platform will allow you to buy and sell virtual currencies to people all over the world in just a few minutes. 

On the buy page, you can select bank transfer or a wide range of other solutions available in your region. You will then have to select your currency and enter the number of cryptocurrencies you want to buy. Several offers will appear that you can select to confirm the transfer.

You will get the banking information about the seller if you are buying crypto. Once you send the transaction, the seller will confirm he received the funds and the digital assets will be released. Trades can take just a few minutes. 


Altcoin Trader

Altcoin trader is one of the largest exchanges in South Africa. The main feature of this platform is the large number of coins that they are offering to traders. While most exchanges offer Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), this platform gives access to investors to a wide range of tokens. 

In this platform, you will be able to deposit fiat currencies and start trading virtual currencies. The exchange offers a clear dashboard and a more advanced trading interface. Additionally, you can buy other kinds of assets such as Gold and get it delivered to your home. 


Okex

Okex is one of the most-used crypto exchanges in the world. The platform offers a large number of trading pairs and it tends to be among the exchanges with the largest trading volumes. 

In the last few years, Okex has been expanding and offering new services and solutions in the cryptocurrency space. Nowadays, Okex is the first choice of newcomers that want to get access to the crypto market. 

JustSwap

JustSwap is one of the so-called decentralized exchanges. This platform is based on top of the TRON network and it helps traders exchanging TRC20 tokens. Investors can exchange TRC20 tokens based on a sophisticated system price.

All the fees collected in each of the trades will be collected to liquidity providers of the protocol. This ensures decentralization and the security of the network. 


Uniswap

Uniswap is one of the most advanced exchanges in terms of functionalities. The platform works as a decentralized exchange that handles smart contracts on top of the Ethereum (ETH) blockchain. Users can easily swap ERC20 tokens and Ether (ETH). 

In the last few months, this platform attracted several users due to the expansion of the DeFi market and the possibility to get access to new and unique tokens. 

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