If you want to become part of the cryptocurrency market, there are some basic things you need to know. The fact is that cryptocurrency trading can make you rich, however, nothing will happen overnight. For example, a proper strategy for successful trading, as well as knowledge of the market, is required. However, in order to become rich, you must own the money to buy Bitcoins or any other cryptocurrency, or own the cryptocurrency that you will later exchange.
Depending on what transaction you want to make, you need a cryptocurrency exchange. Since Bitcoin is currently the most valuable and popular cryptocurrency, we will present you with the top 5 exchanges you can use in 2020. Well, if you are ready, let’s get started.
Currently, one of the most popular exchanges for Bitcoin is Coinbase. First of all, this service stands out for its very simple interface so even beginners will be able to understand it. Another interesting thing is that for any cryptocurrency that you want to buy, the transaction is done directly from Coinbase and not with other traders. Coinbase also offers significantly lower fees to its customers compared to other services (3.99% for credit card and 1.49% for bank purchases).
If you are looking for a reliable exchange for Bitcoin trading, Bitstamp is definitely in the top 3. This service was launched in 2011 and has so far attracted a large number of users. This is primarily because of the low transaction costs, even if they are with US users. This is extremely convenient because Bitstamp is based in Europe. Also, the service has apps for Android and iOS smartphones.
Unlike many exchanges that allow you to use their wallet, Coinmama doesn’t have this feature, but you do need to have a special wallet to complete the transaction. However, you can buy or sell many cryptocurrencies and transact with users around the world. It is also important to mention fees that don’t differ too much from the market average.
Unlike some other cryptocurrency exchange platforms, Bithoven is a relatively new thing in the market. This doesn’t mean that it isn’t reliable, but it is quite good. Bithoven provides users with an excellent interface and numerous advanced tools that can greatly assist in cryptocurrency trading. There are also charts so you can track changes in the market. In addition, Bithoven gives you a complete insight into all the transactions you have performed as well as your current account balance.
One of the best cryptocurrency exchanges is Bitpanda. This platform is based in Europe and offers a large number of available currencies that you can buy. The most interesting thing is that it has no transactional cost. With regard to payment, you can use different wallets, including Skrill and NETELLER, but also classic methods via Credit Card or Bank.
If you are a beginner looking to take the first steps into the Bitcoin world, you need to think carefully because mistakes can cause you losses. One of the best solutions is to use some of the sites that are designed to support both professionals and beginners. Therefore, we recommend you to find one that will allow you to trade and make a fortune. Check this website and find out some solutions available: https://profit-revolution.com/.