As the world warms up to the reality of the cryptocurrency market as BTC nears $7k again , it is important that people get to know how top trading platforms are doing so far. There are presently more than 100 cryptocurrency exchanges globally, but we will be examining the latest news from Top 4 you cannot ignore.
The buzz about Binance soon spread across the world, and by mid-2018, it dethroned Coinbase as the largest cryptocurrency exchange in the world but with great power comes great responsibility As of 05.07.19, it’s now also the scene of a major
When it comes to withdrawing your cryptocurrency, at present, you can do so with any of the tokens or coins supported. A direct fiat withdrawal is not yet supported on the global exchange unlike users of its subsidiaries like Binance Uganda and Binance Jersey.
Binance limits charges to 0.1 percent for transactions on the platform, and this is further reduced when you opt for BNB as the transaction coin for payment of trading fees.
This exchange might be newer to the cryptocurrency market than the other exchanges mentioned here, but it offers something different from them. Also, you are given a risk removal ‘freeze option’. When you freeze your crypto instead of selling, the platform gives you stablecoins, and this is a 100 percent buyback provision with EURO or Japanese Yen. You can refund the stablecoins at a later date, and you will get access to your crypto in equivalent value for your trading
BeaXchange is in
Therefore, it gives users the safety of a stablecoin in-house. Anytime you prefer to trade, you can convert your stablecoin to the crypto of your choice. If you decide to take a break from trading, you can also convert back to T2JPY or T2EUR.
In 134 pages of complaints filed to the SEC and the California Department of Business Oversight
Fiat to crypto is enabled for users who can buy any token or coin with bank transfer, debit and credit cards, as well as PayPal. This flexibility suits the preference of European, American as well as Australian crypto traders.
In terms of fees, the range is 1.5 percent to 3 percent, depending on the mode of funding you use for your transactions. The trading pairs are limited here, but with the dominant market leaders like BTC, BCH, LTC, ETH and XRP available, users are just fine with what they can get.
Users who want to withdraw their earnings can do so directly to their bank accounts. This removes the inconvenience of conversion outside the platform.
Most users of Bitmex are advised to do crypto deposit using Bitcoin. After depositing into your BTC wallet, you can then proceed to trade. There are eight trading pairs on Bitmex with bitcoin leading the way. Ripple, Ethereum, Bitcoin, Cardano, EOS, Bitcoin Cash, Litecoin as well as Tron are available for trading.
These coins and tokens have different leverage limits with Bitcoin at 100x and Ripple at 20x.
The crypto trading exchanges here possess features that appeal to different segments of the market. The exchanges boast of fast transaction processing times, and this is important to the crypto trader.
The investor who seeks the fiat buffer will find the risk-removal freeze function of BeaXchange most attractive, and there is no doubt about this. For others who are looking for a wide range of trading pairs, Binance will be their point of call.
Most of all, it’s the latest reminder that, for all the promise of cryptocurrency, it remains a Wild West for investors. If the price fluctuations don’t get you, there are plenty of threats that are always waiting for you just around the corner.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!