Blockchain is a vast industry, and it takes time and knowledge, and experience to understand it properly. It is impossible to explain everything about cryptocurrencies in a single article. That is why we have created multiple articles on the blockchain and cryptocurrencies. And in case you want to read them all you can head over to knowtechie.com for that.
And as for today’s topic, we will shed some light on various exchanges you can use to buy, sell or trade using numerous coin bases. While naming the exchanges we will also be discussing each one of them in detail so that it gets easy for you to choose one for successfully carrying out all your trades.
When buying or exchanging coin bases with fiat, which is physical money a few things should always be kept in mind. This safety includes safety and security, irrespective of whether you want to buy, sell or trade your crypto coins using those exchanges you should make sure the one exchange you are choosing can provide your safety, security, anonymity, and privacy. And to know about them, let’s take a dig at the existing exchanges below.
Coinbase
Coinbase is one of the most known and used cryptocurrencies in the blockchain market around the globe. It is the most used cryptocurrency exchange in the United States. Coinbase first launched in 2012, which is not very long after the launch of Bitcoin.
And when it comes to security and safety, Coinbase is above all its other competitors as it is a fully licensed and regulated cryptocurrency exchange. Coinbase is also registered to work in 40 US states and beyond.
Coinbase has over 35 million investors globally and also has a value of 28 billion dollars. And keeping all this hype in context, the officials are thinking of including Coinbase into the New York stock exchange NASDAQ list.
Also:
- Coinbase has a number variety of altcoin choices.
- The user interface is simple thus easy for first-timers.
- It holds very high liquidity.
- But the user has to keep updating it to the pro version to avoid any exorbitant fees.
- The wallet keys are not in control of the user and can be a little intimidating sometimes.
Beginner Friendly CashApp
CashApp is best for small traders as it supports peer-to-peer money transfers. You can perform every little transaction with CashApp. From paying rent to electricity bills, everything gets done with it. You can even withdraw your bitcoins or any other cryptocurrencies from CashApp, unlike any other coin base exchange.
It is more like a bank account that you can operate with your phone effortlessly. The user interface in this particular application is also simple, and installing and deleting process is also extremely easy.
Some other things you must know is:
- For some reason, CashApp is only able to make transactions using Bitcoins and not other cryptocurrencies.
- You can have a credit card in CashApp, and with every payment, you make through, the exchange will cost you 3% of the transaction.
- You can only withdraw Bitcoins worth 2000 dollars every 24 hours.
- It allows its users to invest in stocks and keeps a history for that.
Gemini
Gemini is quite the newbie in the blockchain industry. It was launched recently in 2015, and the predominant purpose was to make the whole process of buying Bitcoins easier. And from then on, it has become the one-stop solution of buying Bitcoins for every investor. Did you know that this unique quality of safe bitcoin buying made it renowned and gained authorization from the BlockTower Capital Hedge Fund?
- Gemini gets governed by The New York State Department of Financial Services.
- Gemini deals with both Bitcoins and Ethereum.
- The security process is fundamentally very stable; you can’t even register without undergoing their strict identifying process, so there’s no chance of fraud.
Conclusion
These three are the most trusted and most popular cryptocurrency exchanges that are worth mentioning. Even though there are many more, but these are the ones that people choose personally.
