A cryptocurrency is an electronic currency created to function as a medium of exchange. It uses cryptography to safeguard and check transactions and to regulate the creation of new crypto tokens. Basically, cryptocurrencies are limited items in a database that can’t be changed by anyone without satisfaction of particular conditions. In 2009, an anonymous software engineer or a team of them under a pseudonym Satoshi Nakamoto launched Bitcoin and with its release a brand-new concept saw the light. In 2020 we have thousands of altcoins with multiple features and characteristics.
Some are clones or forks of BTC, others are completely new currencies. At the same time many new crypto exchanges are entering the market constantly and it is hard not to get trapped in this diversity. And this raises a new question: how to choose the most appropriate exchange to trade on? To help our readers with this challenge we present the list of 5 best cryptocurrency exchanges:
1. Changelly
This widely-known exchange platform was launched 5 years ago and today millions of users trust their funds to Changelly. It is very secure and cutting-edge, the service offers hundreds of tokens for swapping and charges a 0.25% fee. No personal information has to be revealed, but the service keeps the right to ask you for KYC passing. Debit cards are accepted.
2. OKEx
This Malta-based platform offers advanced financial services to its users all around the world. The project was launched in 2017 and today it has a huge client base and more than 800 employees. It supports a wide range of tokens and futures. Among the priorities of the company is security and OKEx adopted different innovative technologies to guarantee it. In 2018 the platform was promoted to the rank of the world’s largest cryptocurrency exchange in terms of the turnover.
3. Quickex
Its launch happened not so long ago but the exchange already has a base of loyal customers. The platform is very easy to use, the exchange process itself is simple and quick. Users can check up the market value of any currency supported — and the variety is large. No personal information is required, so the security is awesome. Quickex is a wise choice for newcomers and for experts.
4. Anycoin Direct
This easy to use platform with meteoric transactions was created in 2013. It concentrates on user-friendliness, trading on the platform is easy and its support team does its job very good. Anycoin Direct tells that it has four core values, which are reliability, friendliness, transparency, passion. It is fast and trustworthy, but the service could not boast to offer low charges.
5. Bitpanda
Bitpanda is an Austria-based exchange released in 2014. If you are European then here you can buy BTC with low fees and using a debit card. The firm receives a startup award four years ago and it maintained a spotless reputation during all the years of its work. But there are such pitfalls as low privacy (clients have to confirm their identity to trade), the fees aren’t shown but included in price and the service is unavailable for USA citizens.
