Best Bitcoin Exchanges In 2017

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Best Bitcoin Exchanges In 2017

If you are looking for the best bitcoin exchange you may find it difficult to pick the one. There are thousands of bitcoin exchanges online.  Some of them are trustworthy, others are not. If you prefer to stay on a safe side, always select bitcoin exchanges that have good reputation in Bitcoin community. Don’t seek for free exchanges, but for secure exchanges! Shady Bitcoin exchanges that offer ‘absolutely free’ services, may still your money. In the end, yu will lose much more.

First thing to look at when searching for the trustworthy bitcoin exchange is how safe is the website. The website should use https protocol for secure communication, offer transparent data on Bitcoins in cold storage (more about this later); and have positive customer reviews on independent forums.

Make sure that selected exchange can operate in your country and has currency pairs that you are looking for. However, the largest bitcoin exchanges usually accept all the currencies whether you want to buy Bitcoin or sell it.

Although you should always do your own research on where to trade bitcoin, we’ve selected the most reputable exchanges to narrow down your search. Below you will find the best exchanges to buy bitcoin online.

LocalBitcoins

In my opinion,  LocalBitcoins is the best bitcoin exchange is so far. You can use literally any payment method, including but not limited to Paypal, Credit/Debit card, cache, gift cards, skrill and much more. LocalBitcoins connects Bitcoin buyers and sellers in a safe and secure environment.

If you need to buy or sell Bitcoins urgently, you can browse numerous offers, compare exchange rates, feedback, accepted currencies and choose the deal that suits you best. Simply initiate a trading request and follow the steps. LocalBitcoins is very safe, because it utilizes escrow system and has a resolution center in case you have disagreement with the other party.

If you want to trade Bitcoins for profit, all you have to do is to create a trade offer, it’s free and easy. After that, you just wait for buyers or sellers to come to you.

The biggest advantage of LocalBitcoins is that there is no trade limit. It means you can buy or sell as many Bitcoins as you want.

Coinbase

Coinbase is the world’s largest Bitcoin exchange and it serves consumers in over 30 countries as of 2016. In order to trade Bitcoins in Coinbase, you have to go through identity verification process, add your bank account information, add your debit or credit card and only then you can trade Bitcoins.

If you are planning to buy Bitcoins, Coinbase is a great choice as their exchange rate is normally better than on other btc exchanges. As a verified users, you are allowed to buy up to $1,000 worth of bitcoin per week. Level 2 users can instantly buy up to $100 worth of bitcoin per week.

Coinbase’s transaction fees vary from 1% to 3.99% depending on the payment method.

Use this link to get $10 or €10 worth of free bitcoin when you buy more than $100 or €100 on Coinbase.

Kraken

Kraken is another popular Bitcoin exchange and trading platform. It’s much more sophisticated than other trading platforms. It requires extensive knowledge of trading terms and techniques. It’s a great platform for experienced traders, but not for newbies. Kraken is regarded as one of the most trustful Bitcoin trading and exchange sites.

Hopefully this list of Bitcoin exchanges was helpful. Buying and trading Bitcoins is easy. Using exchanges above, you can easily buy bitcoin with credit card, paypal, cash, bank transfers. But before you buy Bitcoins, think where you going to store them. Just like any money, Bitcoin should be stored in a safe and secure location. Check this list of most secure Bitcoin wallets as of 2017. Remember that as long as your wallet’s keys are safe, your Bitcoins cannot be stolen.

What is the best exchange to buy Bitcoin?

Every Bitcoin exchange or Bitcoin seller has own advantages and disadvantages. Check each of them one by one, register and check their dashboard and trading areas to see whether you understand how things work. Don’t forget to read reviews on reddit and Bitcointalk forums.

The best bitcoin exchanges in 2017: Pro’s and Con’s

Coinbase

Coinbase has over 4,800,000 users and works all over the world. It has beautiful intuitive interface, so you won’t get lost. You can purchase Bitcoins with a debit/credit card, bank transfer.

Pros

  • Easy to use
  • Reputable and secure
  • Free Online wallets
  • Great exchange rates

Cons

  • Complicated identity verification process
  • Poor support

LocalBitcoins

LocalBitcoins is a really great p2p Bitcoin exchange that works all over the world. This is the most reputable Bitcoin exchange in the world. It’s used by beginners and advanced users alike. LocalBitcoins offers escrow and reslotution services which makes it almost risk-free..

Pros

  • Super easy to use
  • Great way to meet like-minded people
  • PayPal is available
  • Super simple verification process
  • Works with almost any currency in any country of the world
  • Has different exchange rates

Cons

  • Sometimes transactions take longer
  • Risks associated with anonymous transactions

Kraken

Kraken is a popular bitcoin trading platform. It works for both European and American traders, because they work well through SEPA. Verification process is easy.

Pros

  • Lots of crypto professionals and traders
  • Cheap rates
  • Available for European and North America traders alike

Cons

  • Dashboard is too complicated

Do you want to learn how to become rich with Bitcoin? Join our Bitcoin business challenge!

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