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1 bitcoin is differentyou need to download a bitcoin wallet
Cryptocurrency Exchanges are places where people can buy and sell Bitcoin and Altcoins. They also claim that all online cryptocurrencies are covered by insurance. So in case of any unfortunate server hack customers are always protected.
GDAX is a good platform to avoid extra charges which during the purchase at Coinbase. Most recommended Cryptocurrency Exchange by me to buy Bitcoin and s of Altcoins.
Binance is a popular place to trade Bitcoin and s of Altcoins. Binance is Hong Kong-based with servers in Korea. So even if you transfer any Altcoin you need to convert it to one of these four to buy any other altcoins and the list is huge.
Binance is becoming one the best place to buy altcoins. First you need to buy other cryptocurrencies like Bitcoin, Ethereum somewhere maybe from Coinbase then you need to transfer that to Binance balance which is a very simple process and both sites will give you the respective cryptocurrency address to transfer the currency and subsequently, you can buy any cryptocurrency with that balance.
In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. If you have any altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies first to exchange it for any other altcoins subsequently. You can transfer Bitcoin or any of the listed Altcoin to Binance.
Biannce supports lots of countries as it is not offering purchase with Fiat currencies. However, the list of supported countries is not clearly mentioned on the website. It is also a popular UK based exchange to buy, sell and trade cryptocurrencies. It also has license to operate in the US.
Only 3 daily successful transactions are allowed using the credit card. Deposits via payment cards are acceptable in any fiat currencies from supported countries. The exchange rate and any other fees associated with the transaction are calculated and deducted by your card issuer. IO supports all countries with some restrictions as below. This is a mandatory requirement for all account types, including Basic.
Countries restricted for payments via bank transfer: Countries restricted for payments via Crypto Capital payment gateway: It is a marketplace where the user can trade Bitcoins locally to nearby customers. It is a company based in Helsinki, Finland. Its operate worldwide and provide a way even to meet in person to buy Cryptocurrency in exchange for cash.
It can be treated as Craigslist for Cryptocurrency. One may get a much better deal at localbitcoin if lucky. The website facilitates locating Bitcoin users interested in buying or selling bitcoin for cash or bank transfer.
Localbitcoins site also has a reputation and feedback mechanism for users along with providing escrow and conflict-resolution service. Seller can select payment in any fiat currency. The site uses an escrow system and the transfer of bitcoin is made only after seller confirms the receiving of payments. It supports almost all countries with few exception.
LocalBitcoins claimed that 1. Localbitcoin stops operating in Germany since December because of the licensing issue. It is not clearly mentioned on the website but Kraken will notify at the time of registration if it is not available yet in your state.
You can only buy these two cryptocurrencies but selling is not available at present. Credit card or debit card Only Visa and MasterCard. American Express, Discover, and PayPal are not supported.
It simply aggregates information from largest Cryptocurrency trading platforms and suggests the best rates and easy interface to convert one Cryptocurrency to another. In other words, it is transferred from one wallet to another at best available rate at any particular time. This service is especially to convert one cryptocurrency to another but they have started instant buying of with USD and Euro using Visa and MasterCard. Credit card Visa and MasterCard or use any crytocurrency to convert into another.
One can pay with a 3D-secure card from any country and in any currency. Supported countries are not clearly mentioned on website but it support many countries. Poloniex is availalbe in all other states. The exchanges accept bank transfers and credit and debit cards. It also support XAU Gold. In other word, you need to either have one of these five cryptocurrencies to make any conversion or you first need to convert your cryptocurrency to one of these and subsequently make purchase of another Altcoin.
This platform is very similar to Binance but relatively new. I will suggest Binance as both have the similar features but Binance has good reputation as trusted exchange. You can only convert one cryptocurrency to another. KuCoin is not a regulated exchange. Bitpanda formerly known as Coinimal is an Austrian based company founded in It supports the withdrawal of fiat money via SEPA-transaction to your bank account. BitPanda supports all European countries. US is not supported.
This exchange is based in Paris, France. They keep adding new fiat currency constantly. Paypal is not accepted. Supported countries are not very clearly mentioned on the website.
It is a Switzerland based company founded in They have most of the Cryptocurrency in the list which can be exchanged for any other Cryptocurrency in the list. In other words, this is just changing from one digital asset to another. They store the bulk of the Cryptocurrency offline to avoid hackers. It is one of the popular cryptocurrency exchange in Europe because fiat currency deposited via SEPA is percent free. All Euro deposits are converted to USD balance. It allows users from most countries.
It supports more than countries worldwide. Bitcoin and Ehereum Supported Fiat Currencies: All European countries Bitcoins Supported Fiat Currencies: