What are the best Bitcoin exchange and trade platforms by volume? You will get to know, if you read Insider Monkey’s latest article. Bitcoin was introduced in 2009, and since then it has become the largest, most popular cryptocurrency in the world. bitcoin had its fair share of popularity around the darker corners of the Internet, with many buyers that required anonymity in their transactions using the cryptocurrency.
While there are many Bitcoin exchanges, only a handful established themselves as reliable and trustworthy after several major incidents when people got their Bitcoins stolen from them or scammed, with the company that operates the exchange disappearing together with the coins that were kept on their platform by the users.
Now without a further ado let’s see what Insider Monkey has investigated for us. We have picked three of the best Bitcoin exchange and trade platforms by volume from their list.
The first one is CEX.IO which allows buying and selling Bitcoins with US dollars, Euros and Russian rubles. The platform allows paying for Bitcoins with bank transfers and credit cards and has relatively low fees for credit card transactions of 3.5% + $0.25 or 0.20 euro, or 5.25% + 15.57 RUB. CEX.io operates in many countries and has several account types with increasing levels of privacy and buying limits. The second one is LocalBitcoins. LocalBitcoins is a global exchange that works as a peer-to-peer platform. Users that want to buy or sell Bitcoins can agree between themselves on the terms of the transaction and the platform acts as an escrow, taking a small fee in exchange. Because it is peer-to-peer it is private, as the platform does not require personal information, although it might be a request from one of the parties involved in a transaction. It also doesn’t have limits and offers many payment methods, although those that can be reversed should be avoided. At last, but not least we should mention itBit. itBit was the first Bitcoin exchange registered with the New York State Department of Financial Services and because it is licensed it follows consumer protection laws and is audited regularly. It also offers an over-the-counter trading desk, which allows trading of large amounts of bitcoins. itBit charges 0.2% on the exchange and 0.1% on the OTC trading desk.
For any further useful information, read Insider Monkey’s article about 15 best Bitcoin exchange and trade platforms by volume.