One of the oldest cryptocurrency exchanges, and also one of the most highly respected, is the Bitstamp exchange. Begun in Slovenia, the exchange has undergone several transformations, and has grown to have one of the largest European user bases, and is a popular choice for cryptocurrency traders across the world, thanks to its global office locations.
Bittrex is a cryptocurrency exchange based in Seattle Washington in the U.S.A. It was one of the top 3 exchanges in the world for Bitcoin and other cryptocurrencies, but has seen some problems towards the end of 2017 that eroded investor confidence in the platform and as of April 2018 it ranks as the #8 exchange in Bitcoin trading volume and #6 in overall trading volume with close to $300 million in daily volume.
If you need an alternative method to centralized exchanges for buying Bitcoin your answer might be LocalBitcoins. The site provides a peer-to-peer marketplace for users to get together, buying and selling Bitcoin without oversight from centralized exchanges or financial institutions.
Paxful is a global, peer-to-peer marketplace used to buy and sell Bitcoin easily, without the use of a third party intermediary, such as an exchange. Think of it as the eBay of Bitcoin as it connects buyers and sellers, and lets them set their own price.
Paxful was started in 2015 by Ray Youssef and Artur Schaback and is incorporated in Wilmington, Delaware, USA. While it is a U.S. corporation, it faciliatates trades on a global basis, and can be used in most any country in the world. The exceptions are those countries that have an outright ban on Bitcoin, and some countries that are under trade embargos by the U.S. These unsupported coutries at the time of writing are: Balkans, Belarus, Burma, Cote D’Ivoire, Cuba, Congo, Iran, Iraq, Lebanon, Liberia, North Korea, Somalia, Sudan, Syria, and Zimbabwe.
One of the oldest cryptocurrency exchanges is Coinmama. This exchange was created in 2013, and is registered in Slovakia, although the parent company is New Bit Ventures, which has its headquarters in Israel.
Since its inception in 2013 it has spread its wings quite a bit and now offers its services in 217 countries, including Canada, Australia, the U.K. and the U.S., however it is only available in 24 of the 50 U.S. states.
You can also use Coinmama in many European countries as well as across Asia and in Central and South American countries. You can see a complete list of supported countries here to find out if Coinmama works in your country.
Kraken is a cryptocurrency exchange with headquarters in San Francisco, California, United States that was launched in July 2011, making it one of the oldest existing cryptocurrency exchanges. It was founded by Jesse Powell, who remains the CEO of Kraken, but the exchange is now owned by Payward Inc.
Despite its location in the U.S. it bills itself as “the world’s largest Bitcoin exchange in euro volume and liquidity”, and it serves clients in Europe, the U.K., the U.S., Japan and other countries across the globe.
It is also noteworthy that Kraken is the exchange providing pricing data to the Bloomberg Terminal, as well as being the exchange chosen to provide Mt. Gox creditors with claim support following the catastrophic 2014 hack that saw 650,000 Bitcoin go missing.
If you only want to buy and sell Bitcoin and Ethereum, and you’re willing to use only U.S. dollars, you might want to have a look at the Gemini exchange. Despite its limitations, Gemini is rapidly becoming known as a good exchange for serious traders, thanks to a clean, robust, and easy to use interface, combined with enterprise level security.
Whether all these new exchanges are worth trading with is another question entirely, which is why we need to take a closer look at the development of the exchange, its safety features, its customer service, and potential growth prospects for the long term.
COSS is a new exchange that was launched in April 2017, but it is really so much more than a simple cryptocurrency exchange. Some might call it the crypto exchange 2.0 because of its broad based feature set. COSS stands for “Crypto One-stop Solution,” and that’s what the platform is trying to achieve. In addition to the cryptocurrency exchange feature of COSS, it also offers a POS/payment gateway for merchants, allowing them to easily accept cryptocurrency payments. COSS also has its own ERC20 token that pays holders dividends, and can be used as a micro-crypto economy.
Have you wondered how easy it would have been if you could book a flight with just a few clicks? I’m not talking about an online booking feature which directs you to a payment gateway. It’s 2018 and the Internet is ever expanding.
Super responsive designs, AI, and virtual reality have made a mark and many websites are adapting to these technologies. But one major phenomenon that jolted the whole world was cryptocurrencies and more importantly, the most famous one – Bitcoin.
Did you know that hundreds of famous or companies accept Bitcoin payments, either as one of the different forms of payment or as the only way to exchange goods? And the fact is some of these websites have been doing so for quite a while.
Whether they be non-profit or profit generating, these institutions still view Bitcoin as legitimate legal tender and show no signs of stopping.