What a wild cryptocurrency year we had! Who would of have thought that bitcoin will almost hit $20,000! However, it did experience a correction to around $15,000. Such huge spike in crypto interest can cause some issues. Lots of questions emerge surrounding cryptocurrency in general.
Most popular concerns people have are about the means of storing and trading various cryptocurrency. In this article, we will cover the best way to buy your favorite cryptocurrency.
Coinbase is probably the most popular one in United States. Started in 2014, it has controlled the market space ever since. You will have to go through a verification process so it will take some time. Afterwards, you will need to connect your bank account to make ACH purchases. Credit card purchases are also available.
Gdax is an exchange that was created by coinbase and it is under the same company. I highly recommend it due to lower fees and instant exchanges from fiat to cryptocurrency. It currently supports Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
Binance is fairly new but they support a wide variety of coins. I recommend it if you would want to dabble in other altcoins. Binance held an ICO in 2017 for their coin called BNB. It can be used to trade with a reduced fee.
Etherdelta is an ethereum based decentralized exchange. Decentralized means that it can’t be hacked since it lives on the blockchain and your money is technically safer than centralized exchanges. Please note, there was an etherdelta hack recently, however that was just its DNS servers – not smart contracts themselves.
So there it is – the best cryptocurrency exchanges for 2018 so far. This list will be updated with any other exchanges worth mentioning throughout the year.