Best trading cryptocurrency site
This separation of an extra wallet for margin trading within user accounts is very useful as it helps to keep control of margin funds. Strangely, the platform doesn't allow margin trading, or trading in general, for US citizens anymore.
But this only concerns verified accounts. US traders with basic accounts which don't provide information where somebody comes from, just e-mail and password are able to trade with leverage. However, there will be no support of USD deposits or withdrawals, as basic accounfts allow crypto transfers only.
Bitfinex is amoung the brokers which is also used by big position traders, as the high trading volume maximizes chances that large orders get filled. With a verified account traders except US can deposit and withdraw US dollars. Such accounts of course aren't anonymous anymore, as people have to provide their real name and bank information. That way you can start using Bitfinex even if you don't own cryptocurrencies yet. Deposits and withdrawals are possible for all supported cryptocurrencies, already in unverified basic accounts.
OKCoin is one of the largests Chinese Bitcoin tadings sites, so again great for big position traders. The broker offers the option to trade on margin up to 3x leverage with a maximum amount of ,USD. OkCoin is a good choice for traders who want to be able to cashout USD.
The account has to be fully verified, so a photo ID has to be provided. While Bitcoin withdrawals are available from Level1 basic account with phone- and e-mail verification , USD can only be cashed out with a Level2 account with photo ID provided. OkCoin is a highly professional trading site with all types of orders which are needed for professional trading.
As Poloniex is a specialized altcoin trading platform, their main focus lies on providing a big altcoin portfolio. They are one of the very few platforms which support trading certain altcoins on leverage.
Deposits and Cashouts in Cryptocurrencies only: Traders can deposit all supported altcoins and withdraw them as well. Fait money on the other hand is not supported at all. Tether is a crypto substitute for USD. Platforms which don't support fiat money always use USDT, so traders can still trade against the Dollar.
The professional international broker supports fiat money payments as well as cryptocurrency transfers. A account verification with photo ID is only required for fait money transfers. Users who only want to make cryptocurrency deposits don't need to proof who they are. Magnr offers up to 10x leverage in Bitcoin trading. Users are required to pay daily interest fee on the loan outstanding. However the service is free during the first 24 hours.
Magnr is a handy cross-platform trading site connected to a few big Bitcoin exchanges. Accounts never require any personal data or identitiy proof. So signup is quick and possible with anonymous data. Deposits and Cashouts in BTC only: They don't support fiat payments, so deposits and withdrawals are available for BTC only. Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin.
The fees are depending on the volume of the margin account. US traders must know, that they are not allowed to maintain margin positions longer than 28 days on kraken. Open positions will automatically be liquidated after that period. To enable bank transer deposits and withdrawals in one of their supported fiat currencies, the trading site need's its users' proof of identity in form of a photo ID. For cryptocurrency deposits and cashouts only, users don't need to proof their identity.
Our review shows the details. To enable bank transers deposits, the trading site need's its users' proof of identity in form of a photo ID. Only Basic Order Types left: Unfortunately, kraken got rid of their many advanced order settings, e.
There are just the basic buy and sell orders left. However, the Conditional Close order is left, which is useful for margin trades to set a profit target already when opening the position. Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Unverified basic accounts can withdraw Cryptocurrencies only, as usual. Only use leverage as an experienced trader. Don't use margin trading as a beginner, as the risk to lose a lot very quickly is too high. Develop your trading skills before using this powerful service.
This exchange puts a lot of focus on supporting as many altcoins as possible, including very new and emerging ones. Currently, they support over coins.
A common complaint with Bittrex is high transaction fees currently at 0. The UI is pretty good and gives a fairly high number of technical analysis tools for those who are interested. Traders who are looking for access to as many altcoins as possible.
Traders looking to minimize fees. A Hong Kong based exchange, Binance is another very popular choice across the globe.
With recent news that China has banned cryptocurrency exchanges , there is reason to be weary, however Binance is registered outside of China and so is not currently subject to this ban.
This has helped Binance to keep a very low transaction fee of 0. The goal is to help other pre-ICO blockchain startups achieve their goals. Fiat money can not be used on Binnace so you will need to have purchased Bitcoin, etc.
On the other hand, there are tons of altcoins available with trading pairs for the aforementioned Binance coin, Bitcoin, Ethereum and Tether. Those just getting started will find the Basic view to be simple enough, while the Advanced view provides some tools for more experienced uses to do some basic technical analysis. Traders looking for unique platform with a broad selection of coins and low fees. Those who do not want to worry about keeping an eye on Chinese cryptocurrency regulations.
Market, limit, stop limit, trailing stop AND margin trading Transaction fees: Bitfinex is perhaps the most professional exchanges out there right now. Although Bitfinex seems to take security very seriously, a hack is something to take note of.
Having no hiccups to speak of since that attack, Bitfinex has done well to bounce back. For those willing to wait in line for a Bitfinex account and look past the security breach, you will be getting a feature-rich platform. Perhaps the best set of order types out there, including a trailing stop loss, as well as fiat support and margin trading, experienced traders should be satisfied.
Another great and unique feature of Bitfinex is a customizable interface and in browser notifications. Serious traders looking for top-notch features. Those not interested in doing much trading or traders who are looking for a large altcoin selection.
Yes KRW only Altcoin support: Market, limit Transaction fees: Bithumb regularly sits among the leaders in trading volume despite being an exchange exclusively for Koreans or at least those using the South Korean Won as their currency. It offers fiat support for a dozen of the biggest coins in regards to market cap , making it one of the few places where you can trade straight between your base fiat currency and coins like Ripple and Monero.
The Bithumb UI is very simple, yet effective for getting your hands on some of the most popular cryptocurrencies. Those with access to the Korean Won and looking for an easy place to trade it for popular cryptocurrencies.
Anyone without access to Korean currency or anyone looking to day trade. Shapeshift of the most unique exchanges out there.
It stays with the nature of cryptocurrencies by decentralizing the trading process. In other words users need no account in order to swap their Bitcoin for Ethereum.
With no fiat support, but a low practically nonexistent barrier of entry to a pretty large selection of altcoins, Shapeshift has continued to grow as a popular exchange among traders. Another promising development from the Shapeshift team, Prism , currently sits in closed beta and has attracted a lot of interest among crypto investors.
Traders looking for a quick and decentralized way of swapping between cryptocurrencies. This exchange supports a lot of altcoins including recent ICOs and emerging cryptocurrencies. Currently, they support over 50 coins.
Kucoin's trading fees are set at 0. The UI is good, order book is active, and the trading section integrates with TradingView one of the leading technical trading platform.
Traders who are looking to trade with NEO or want to have access to rare coins with low fees. Traders looking to get a large selection. Volume is still low compared to other well known exchanges. Market, limit AND Transaction fees: Cobinhood is a very new exchange that has gotten a lot of buzz in the crypto world, mostly due to ZERO transaction fees.
Cobinhood provides an ICO underwriting service. This program is what provides funds, allowing Cobinhood to get by without the transaction fees. Traders looking for an alternative to something like GDAX. Those looking for an established platform. Market, limit, cancel Transaction fees: Coinone is the second largest exchange in South Korea. Coinone is based out of South Korea. Currently, the only fiat currency that is accepted is the Korean Won.
Traders who are based in South Korea. International arbitrage, as currency would need to exchanged for Korean Won first. IO is based out of London. However, not all US States are covered. IO is the first cloud mining provider, and has became a multi-functional cryptocurrency exchange, offering cross-platform trading through the https: