Cryptocurrency exchanges pepper the virtual landscape with a kaleidoscope of options. Among them are a series of industry heavyweights which have been in operation since this contrarian trading and investment paradigm came to market. Unfortunately, many of these established juggernauts are riddled with lots of baggage.
Security concerns foremost among them, the world’s most prominent cryptocurrency exchanges have a checkered history comprising hacks and scandals. As a novice to the cryptocurrency arena, it’s best to avoid problematic scenarios and partner with a leading cryptocurrency exchange instead.
Expert analysis of the crypto exchange market routinely identifies bitcoin exchanges based on a comprehensive set of evaluation criteria. All components of a trading platform need to be carefully evaluated to provide a satisfactory overall review. Factors to consider include licensing and regulation, range of tradable assets, safety and security, and a user-friendly trading platform.
eToroX is the cryptocurrency arm of the eToro Group. Industry insiders familiar with eToro understand that eToro leverages the power of social trading to make the financial markets accessible to everyone. eToroX is thus a natural extension of the eToro Groupto facilitate the growing interest in tokenization of financial assets in to the blockchain.
The eToroX cryptocurrency exchange is fully regulated to offer digital currency trading services. This sets it apart from many of its competitors. It is regulated by the GFSC (Gibraltar Financial Services Commission) as a DLT (Distributed Ledger Technology) provider. Access to the crypto exchange is currently available to users that have, or who choose to create, an eToro account. These users are able to login using their existing eToro credentials. Very soon this will also be available to everyone else by allowing new users to create an account directly with eToroX.
This popular social trading platform features 17 crypto pairs, including BTC, BCH, LTC, XRP, USDEX, CADX, GBPX, JPYX, AUDX, ETH, CHFX, EURX, and NZDX. Cross pairs trading with fiduciary currencies and digital currencies is possible.
eToroX is truly unique in the sense that is geared towards shifting the ‘conventional’ financial system to the blockchain. Blockchain-based transactions offer transparency, interoperability across markets, and credibility. eToroX is fast-tracking the development of multiple crypto assets and tokenized assets.There are also many tradable assets featured, including USDEX, EURX and GBPX. The inclusion of 60 digital asset pairs means that options like BTC/EURX, BTC/USDX, BCH/XRP, LTC/XRP, XRP/USDX, LTC/CADX and others are available to traders. For example on the eToroX bitcoin exchange page there are 11 tradable pairs at the moment including: ETH/BTC, BTC/GBPX and more.
From a usage perspective, eToroX exchange is fully customizable and intuitive. It offers ironclad security protocols and features full regulation.
This Canadian cryptocurrency exchange was launched in 2013, as InstaBT. This cryptocurrency exchange offers several ranking digital currency trading options including: XRP, BCH, BTC, LTC and ETH.
Bitbuy.ca provides a suite of safe and secure trading options in the form of SSL (Secure Socket Layer), 2-FA (Two Factor Authentication) and a 95% cold storage policy. This means that in the unlikely event of a hack, the vast majority of cryptocurrency is inaccessible to third parties.
Bitbuy.ca recently added pro trading as an option to clients. Other site features include low fees and tight spreads, instant verification, and low latency times. The advanced trading interface is ideal for serious traders, but basic trading options at Bitbuy are readily available too.
This P2P cryptocurrency exchange allows traders to buy and sell digital currency among themselves. With LocalBitcoins, traders can buy and sell BTC in their area. The platform promises anonymity, security and instant trade completions. Both a feedback system and a resolution system are available to traders, making it seamless to post buy/sell advertisements on the exchange platform. This rather unconventional way to trade BTC is available with cash and escrow services.
Poloniex is licensed in the US to provide money services. This cryptocurrency exchange offers 60+ pairs including ETH/BTC, ATOM/BTC, XRP/BTC, LTC/BTC, ETC/BTC, BTC/USDC, USDT/USDC, BCH/USDC, FOAM/USDC and dozens of others. As one of the few exchanges offering trading and ICO redemption of Cosmos Atoms, Poloniex is a leading provider of cryptocurrency trading options.
Apps for trading at Poloniex are available at the App Store and the Google Play Store. Fees currently run at 0.08% maker and 0.20% taker with less than $1m. This volume-tiered fee schedule ensures greater liquidity and tighter market spreads. The security at Poloniex features 2-FA, and identity verification. While Poloniex meets the needs of traders, it’s not ideal for newbies and it only accepts cryptocurrency for deposit and withdrawal purposes.
Many other leading cryptocurrency exchanges populate the scene, but the above operators are known to be reliable and secure with a range of useful features for clients.