A cryptocurrency exchange is an online platform where traders, investors, and owners of digital coins buy, sell and exchange cryptocurrency. There are several hundred trading platforms on the cryptocurrency market. All official exchanges operate on the same principle, but each platform is somewhat different from competitors.
Cryptocurrency exchanges may differ from each other:
- degree of account protection;
- account verification requirements;
- number of trading instruments;
- procedure for depositing and withdrawing funds;
- the size of the commission.
The most popular cryptocurrency exchanges
Convenient trading platform for residents of the former Soviet Union. The exchange supports payment systems popular in the CIS: Yandex Money, WebMoney, and QIWI. You can use pairs of popular cryptocurrencies for trading.
The exchange has been operating since 2015. For investors, an “Invest Box" is provided - an opportunity to invest in the exchange with the subsequent receipt of part of the profit. Traders can work with several hundred trading instruments. YoBit supports account replenishment and withdrawal through QIWI.
The site began work in 2017. Binance is popular due to its wide functionality for traders and low commission fees.
The exchange allows you to buy cryptocurrency from people who are nearby. You can buy a cryptocurrency for Yandex Money, QIWI, cash or by paying with a plastic card.
The trading platform has been operating since 2014. The exchange has an intuitive interface, which is why a large number of novice cryptocurrency traders are registered on it. About 100 coins and tokens are available for trading on LiveCoin. Replenishment and withdrawal of funds are possible through Perfect Money, Payeer and other foreign payment systems.
Exchange with two interface options: for beginners and professionals. Within the platform, you can trade several popular cryptocurrencies. WEX accepts Yandex Money and QIWI.
The site has been operating since 2014. It supports about a hundred cryptocurrencies. Poloniex does not accept fiat funds, you can only work with cryptocurrency on the exchange.
The cryptocurrency exchange has been operating since 2011. The platform supports a large number of cryptocurrencies and many ways of depositing and withdrawing funds.