What are the Largest Bitcoin Exchanges in the World Today?
While the Bitcoin Gold Rush that occurred just about two years ago has slowed down a little bit – with Bitcoin dropping below $4000 for the first time in quite a while – cryptocurrency is still one of the most exciting investment vehicles on the planet, and for good reason.
According to information published by industry watchdog Coin Market Cap, crypto has a total market of just north of $112 billion right now – and the industry continues to grow on a daily basis.
If you’re looking to get involved in the world of cryptocurrency you’re going to need to sign up with one of the reputable and reliable cryptocurrency exchange platforms that exist right now. And while there are a number that promise the moon and the stars when it comes to features, security, and reliability only a handful of the biggest and most popular cryptocurrency exchanges are actually able to “deliver the goods” in these areas.
We break down the best Bitcoin and cryptocurrency exchanges below!
Perhaps the most popular of all the Bitcoin exchange platforms you’ll find on the planet today, and certainly the most user-friendly for those just getting started, this BitCoin exchange was started in 2012 and hit the market with a $1 billion valuation – and hasn’t looked back since.
Not only offering individuals the opportunity to purchase and sell (and even actively day trade) Bitcoin and other cryptocurrencies, it also offers a 100% mobile experience for those that want to trade on the go with their Apple or Android device – 24/7, 365 days a year.
While CoinBase is considered to be the most popular of all the different Bitcoin exchanges out there right now none is larger than Binance.
The undisputed “king of the jungle” when it comes to cryptocurrency platforms, when you choose to trade on Binance you never have to worry about the safety or security of your account.
Millions and millions of people trade over $500 million worth of cryptocurrency – a big chunk of that Bitcoin – every single day in the banking features on this particular platform are fantastic. The only shortcoming here is that you cannot short sell or margin trade in cryptocurrency with Binance the way you can with CoinBase.
BitMEX is a little different in a world of cryptocurrency in that it is a trading platform that only allows for the exchange of BitCoin and BitCoin only.
Based out of Hong Kong, the BitCoin Mercantile Exchange is a premier trading platform for this crypto and quickly becoming one of the most popular and widely used trading platforms, particularly in this part of the world. According to industry experts, this exchange handles over $2 billion in BitCoin transactions over a 24 hour block of time regularly – certainly nothing to sneeze at.
Kraken is another unique cryptocurrency exchange in that it not only allows for the trading of BitCoin, but also allows for BitCoin to be traded for a number of fiat currencies as well. The US dollar, the euro, the pound, yen, and Canadian dollars can all be traded for BitCoin – and vice versa – through this online platform.
On top of that, Kraken is also one of the few exchanges that also acts as a cryptocurrency bank. This offers customers a lot of flexibility and a lot of versatility that they wouldn’t have enjoyed otherwise.
As if those benefits weren’t reason enough to consider moving to this BitCoin exchange, individuals that become a member of this platform will be able to trade 17 different cryptocurrency options on this network – as well as gain the opportunity to margin trade and short sell, too.