Crypto Exchanges is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. The exchanges can send cryptocurrency to a user’s personal cryptocurrency wallet. Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide while other digital currencies are backed by real-world commodities such as gold.
Types of Crypto Exchanges
Binance HK is one of the popular cryptocurrency exchanges that offer to trade in more than 45 virtual coins including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Binance Coin (BNB). It supports trading in more than 45 coins, including popular ones like Bitcoin, Ethereum, Litecoin, and its own native BNB tokens, and the list continues to grow.
Huobi is a Singapore-based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, Korea, Japan, and the United States. Huobi presented its new platform at the Cryptofrontiers conference in New York City today, stressing that the Huobi DM allows customers to engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. The platform purportedly provides tools for hedging and controlling risk and uncertainty.
Bittrex USA A popular digital asset trading service. Bittrex is one of the larger cryptos to crypto exchanges offering a large number of trading pairs into bitcoin including all the major cryptos such as the dark coin, next coin, and litecoin. They also offer NeuCoin and Ethereum. The exchange is the thirteenth largest cryptocurrency exchange by daily trading volume, is renowned for the vast number of cryptocurrencies it has listed and has a good reputation for its security. Bittrex is not a regulated exchange under US securities laws.
Bithumb is a popular cryptocurrency exchange based in South Korea. It allows users to trade 15 of the world’s largest crypto coins and tokens, including bitcoin, Ethereum, and Ripple. Its 24-hour trading volume sees it regularly feature in lists of the world’s 10 largest crypto exchanges. There’s an ever-expanding range of platforms to choose from, so we’ve put together this Bithumb review to help you decide whether it’s the right crypto platform for you.
Bitfinex Hong Kong is a cryptocurrency trading platform, owned and operated by iFinex Inc. which is headquartered in Hong Kong and registered in the British Virgin Islands. Bitfinex was the subject of the Bitfinex hack. In it, $72 million in bitcoin was stolen from the company’s customer’s accounts. Immediately thereafter, bitcoin’s trading price plunged by 20%. After learning of the breach, Bitfinex halted all bitcoin withdrawals and trading.
GDAX USA the first licensed U.S. bitcoin exchange and one of the most popular was founded in 2012 and has helped to bring digital currencies to investors both in the U.S. and abroad. The company set up separate exchanges catered to individual or “casual” investors and highly active traders.
Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. Bitstamp offers an API to allow clients to use custom software to access and control their accounts.it is launching new markets for Ripple’s XRP digital asset. The company already serves as a Ripple gateway where money enters or leaves the network and hosts a bitcoin-denominated market for the digital asset.