At the thought of investing in crypto, it’s essential to know which Bitcoin exchange platform to trade upon as it becomes difficult and a bit confusing to choose the best platforms out of enormous exchanges available in the market.
And here, it’s crucial to shortlist those, having all features and necessities required for hassle-free trading.
While choosing an exchange platform, there are many factors to consider.
Like whether it’s operative in your country/state or not, payment method options available, trading fees, supported coins & exchange pairs available, and signing/verification process, security, user interface, good trading volume, and cash flow.
Investing in cryptocurrency is not only about coins but also about buying precious metals.
It is not enough to trade on a single platform as the regulatory authorities target big platforms often and suspend their services. Also, any random security breach could hamper you in losing all your funds.
Different exchange platforms are not synchronized to each other. Because of this, the demand and supply of coins on different exchanges regulate the surge in value prices of coins available.
If you want to know more about bitcoin price fluctuation you must read the article on will bitcoin prices stabilize?
Bitcoin is the topmost traded coin on any exchange platform. So, the top five bitcoin exchanges in Europe are listed below:
BINANCE
Binance was founded in 2017 and is becoming one of the globally emerging Crypto exchanges in user’s aggregate and volume of trade, on an average which produces a daily volume of 90 billion$.
You get to earn passive income on crypto holdings by Savings and staking, also with some advanced vital trading features such as derivative, spot & margin trading. On average, it offers 380+ coins and 1400+ different pairs for trading.
It also features a DCA process that helps you invest in small amounts to buy a currency. Binance provides you with minimal trading fees in the market, at least lower than the Coinbase pro.
Also, this can be reduced further by 25% by its BNB in-house token. It is user-friendly for beginners & professionals too but is not supported for the USA residents; thus, they have Binance US.
But they need to ease their average ranking customer support services.
COINBASE
Coinbase has been operating since 2013 and is mainly used. And is best for European & US residents.
And is operative in 100+ countries having 68 million+ verified users and producing an average of 4 billion$ trading volume daily.
Moderately, it offers around 100 coins with more than 300 different pairs. Coinbase has 98% of its assets stored safely in cold storage in offline mode and is the safest way to keep it away from cybercrime or hackers.
Like Binance, this is also featured with a DCA process that helps you accumulate to invest in small amounts to buy a coin. But this provides staking services only on a few coins with few countries.
It offers a simple buying process of currency, along with a visa card to buy goods & services straight from your account. It has FIDC insured accounts, with 0% ACH fees.
But at times, its customer support can be horrifying. Coinbase has an advanced feature for professional traders for a good experience and eases trading, known as Coinbase Pro with visual analytics.
Also, it’s easy to log in via a joint account & upgrades to the Pro version.
COINMAMA.COM
Coinmama is a globally accepted Bitcoin exchange platform having worldwide support in numerous countries. It has a simple, hassle-free login verification process under 30 mins.
It offers you an easy and fast buying process of coins. It charges more than 5% of the usual transaction charges due to the fast buying of cryptos.
Coinmama never stores the customer’s payment information or funds.
And it is safest to buy Bitcoins. It was established in 2013 and is a legit exchange platform, providing a trustworthy trading experience having an exemplary user interface and liquidity.
KRAKEN
Kraken is owned by Payward Inc. and governed by Jesse Powell.
It was founded in 2011 but came into action in 2013. It widely operates in 190+ countries and has been operative in Europe since January 2021.
Kraken charges fees of 0.26% of the transaction value. It offers around 94 coins with more than 405 different pairs. It has good security for assets and gives an exemplary user interface.
It provides features like margin, spot, and futures trading. It has a weak UI and subpar deposit methods. And is one of the best to trade Bitcoins.
FTX
It is one of the best exchanges globally accepted. It is safe, secure, and liable to use.
It’s a sophisticated platform producing around 13 billion$ of trading volume about every 24-hours. It gives you a magnificent user interface, along with outstanding features like spot, margin, derivatives trading.
And many quirky features which FTX itself introduced are leverage tokens, prediction markets, and tokenized stocks. Moderately, it offers around 240+ coins with more than 500 different pairs.
Some of their utility features on FTX, like staking and OTC, benefit you with earning passive incomes on your stake holdings and allow you to buy and sell crypto assets in bulk. It’s a great substitute for Binance.
The Bitcoin Era is a certified and convenient app with blockchain software with a 99.4% accuracy level for profitable predictions; Making it a reliable, faster, safe & secure app.
