Best Bitcoin Exchanges To Trade & Buy Bitcoin Cryptocurrency 2019

in #bitcoin6 years ago

When it comes to finding the best bitcoin exchange things are not all that easy. Many of the best bitcoin exchanges to buy bitcoin are only recently online. This means that they have had little time to get the word out about their services and products. Most people coming to this page will be asking how to buy bitcoin online through a secure means. Well, here is a good starting point.

First thing to consider when looking for the best bitcoin exchange is how safe are the website and server. A trustworthy bitcoin exchangeproviding transparent data about coins in cold storage (more on this later). It is also a good to look for available currency pairs: example looking to trade bitcoin for USD, Euros, or other fiat currencies. The location usually gives an idea of what is on offer. However, the largest bitcoin exchanges usually have many options for buying bitcoin with government issued currency and altcoins.

Below I will publish the list of the best bitcoin exchanges for 2019:

1.CEX.IO

CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP and RUB.The exchange charges 0% to 0.2% commission on trade operations, according to the Maker-Taker fee schedule.The list of cryptocurrencies introduced on the platform includes Bitcoin, Ether, Bitcoin Cash, Dash, Zcash, and Bitcoin Gold.

2.Coinbase.com

Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide.This is one of the best companies at the moment where you can buy and sell bitcoins and other cryptocurrencies easily.

3.Changelly.com

Changelly.com is a cryptocurrency exchange service between digital currencies. The service offers a wide range of digital currencies to buy and sell but does not provide conversion to or from traditional currencies. Changelly aggregates and suggests the best currency rates among the largest crypto trading platforms.

4.Poloniex

Poloniex is a cryptocurrency exchange that offers over 100 bitcoin (BTC) markets available for trading. It provides its customers with a secure trading environment as well as advanced charts and data analysis tools. The platform enables its users to buy and sell cryptocurrencies such as litecoin, namecoin, dogecoin, and much more.

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Bitcoin Has Leapt Sharply Higher -- Here's Why
Bitcoin, which just last week had its first major sell-off in months, has this morning jumped almost 10%, powering the world's largest cryptocurrency back above $6,500 after it looked likely to fall below the psychological $6,000 mark late last week.

Bitcoin leapt from $6,222 earlier today to early highs of $6,732, according to CoinDesk data, adding almost $10 billion to bitcoin's market capitalization in a matter of minutes. On some exchanges, including the Hong Kong-based Bitfinex exchange where bitcoin often trades at a premium, the bitcoin price climbed to over $7,000.

The sudden rise in the bitcoin price this morning was signaled by a sell-off of the dollar-linked tether digital coin — the only cryptocurrency which is down today, according to CoinMarketCap data.

Traders often sell tether to buy other cryptocurrencies and a sudden influx of tether sellers would push down the tether price — and boost the bitcoin price if that's what traders are moving their money to. Tether was down by some 3% in the run up to bitcoin's sudden price rise.

A smartphone displays the bitcoin market value on the stock exchange via the Yahoo Finance app. (Photo by Guillaume Payen/SOPA Images/LightRocket via Getty Images)

Tether is the second-most traded of all digital currencies after bitcoin, according to CoinMarketCap.

Tether’s tokens are designed for stability and the tether price doesn't usually stray far from the U.S. dollar price because Tether Limited, the company that issues the tokens, says each one is backed by a dollar in its bank accounts — though this has not been independently verified.

This morning Bitfinex put out a statement saying it temporarily suspended fiat deposits on to the exchange "for certain user groups" last week in order to deal with "processing complications."

It read:

"We are working to implement a new and increasingly robust fiat deposit system to be available in the next 24 hours, by Tuesday, October 16, 2018, to allow for the efficient processing of fiat deposits. Until then, we apologize for the inconvenience of the situation."

The exchange also sort to reassure users withdrawls from the exchange were operating normally.

It has been suggested that tether trading on the Bitfinex exchange, which has the same chief executive as Tether Limited, has helped to prop up the bitcoin price over recent months.

Bitfinex dismissed allegations that it was insolvent in a Medium post last week, and said that withdrawals were functioning as normal.

"Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this," the exchange wrote. "As one of only a very few exchanges operating since 2013, with a small team and low operating costs, we do not entirely understand the arguments that purport to show us to be insolvent without providing any explanation about why. The wallets below represent a small fraction of Bitfinex cryptocurrency holdings and do not take into account fiat holdings of any kind."

This morning's rise in the bitcoin price all but erase the losses bitcoin recorded late last week, leaving the bitcoin price roughly level since mid-September.

As usual, bitcoin's price jump pushed up the wider cryptocurrency market, with the ethereum price and the ripple (XRP) price both recording around double-digit percentage gains.

Short, sharp changes in the bitcoin price are often attributed to either trading bots initiating a buy or sell order that then gets picked up by others, causing a domino effect on the price, or by so-called whales (large holders of a cryptocurrency or another asset) buying or selling a big enough chunk at under or above the current market rate.

This causes the market rate of the asset to suddenly move in the direction of the sale, often causing havoc for exchange operators.

The bitcoin price has suddenly begun swinging wildly again after months of calm.CoinDesk

Bitcoin's falling price since the beginning of the year (which is down from highs of almost 20,000 at the end of 2017) has been put down to a fall in trading volume since its peak at the end of 2017 — something that has hit cryptocurrency exchanges around the world, prompting some to cut costs and lay off staff.

Elsewhere, some market watchers speculated the rise in the bitcoin price could signal a return to form for the U.S. tech-heavy Nasdaq stock exchange — which last week dropped sharply towards the end of the week.

The bitcoin price last week fell after a wider sell-off of global tech stocks.Twitter / Russian Market

The U.S. Nasdaq Composite Index last week became the first major U.S. stock market benchmark to dip into a correction, dragged down by losses across all the major technology-related companies.

A correction on Wall Street is defined as down more than 10% from its high.

Online retailer Amazon, streaming service Netflix, and Google parent Alphabet were all in correction territory after taking big hits due to fears around rising interest rates.

Bitcoin ATMs Are Popping Up Across The Twin Cities
At the Stop N Shop convenience store on E. Lake Street in Minneapolis, next to racks of potato chips, a new machine invites customers to buy and sell bitcoin.

Bitcoin ATMs are showing up in check cashing, vaping and convenience stores across the Twin Cities. They look like conventional cash ATMs, but they’re installed by entrepreneurs hoping to profit from consumers who previously had no easy way to trade in virtual currency.

Though the blockchain technology behind bitcoin can be bewildering, buying bitcoin at the corner store can satisfy a number of simple needs, according to those in the industry. The digital currency can be used to transfer money or as a substitute for a bank account. Plus, some may think of it as an investment, or even a lottery ticket, given bitcoin’s wild swings in value.

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Well, here are some good news for the users of this exchange for this year, 2019! We are all gotta be enjoying the discounts and new API!
https://news.kucoin.com/en/kucoin-platform-2-0-bi-weekly-progress-update%EF%BD%9C2018-12-31/