Trusted Bitcoin Exchange Sites
Considering which bitcoin exchange site to use?
Bitcoin exchanges all share certain core functionality, but there are certain issues that every Bitcoin user should be aware of before purchasing or liquidating their crypto coin assets. Here are some key elements to look at when choosing the right exchange.
First and foremost, security practices at the exchange you decide to work with is absolutely paramount. When trusting a bitcoin exchange with your money, you want to ensure that the security measures are top of the line.
Communication with the exchanges is commonly done using a standard web browser, over a secure SSL connection.For instance, in the URL above, next to our website name arcacap.io you will see a pad lock (closed lock) or a complete key next to the name of the website signifying site encrypted communications.Double-clicking on the lock or key symbol will display the digital certificate issued.
While even some of the biggest exchanges are lackluster in this department, one of the best signs is whether or not they have a call center where you can reach a real person. This is a tremendous sign of accountability, otherwise it may take them several days for them to respond to your email inquiry.
Certain bitcoin exchanges may have a slightly different fee structure, designed to suit various usage patterns and cater to distinct audiences. Most exchanges use a volume-based fee schedule, where those offering to buy and sell large chunks of bitcoin pay lower fees. fees express a percentage of the transaction amount. Such exchanges have a direct impact on the bitcoin exchange value and must therefore be taken into consideration.
Trading Volume & Fiat Currencies
The trading volume versus bitcoin exchange value can indicate a number of things about the exchange. It lets you know that many people trust the network with their money, which speaks well of business practices. A larger client base and higher trade volume ensure more equitable trades for all involved because everyone has more potential trade partners.
There are bitcoin exchanges available that trade in different flat currencies (USD, EUR…) and other types of cryptocurrency. For instance, if you want to exchange your bitcoin to Euros then Bitstamp may be your best choice. Alternatively, Coinbase or Gemini may be your choice if you need to exchange bitcoins for dollars.
Reputable Third Party Exchanges
Coinbase a great site to get Bitcoins with a debit card, and offers multiple online wallets for your digital currency. Over 4,800,000 users are signed up, including 45,000 merchants, and 9000 developer apps. This is a top choice for American, Canadian&European customers.
BitStamp has been operating out of Europe since 2011. Good volumes are available for larger trades.They accept U.S. Dollars and European Euros, as well as British Pounds and Swiss Francs. Well received by people using SEPA and cards.
Gemini is based in New York City with operations in the United States, Canada and the United Kingdom, Gemini Trust Company, LLC, is a fully regulated, licensed bitcoin and ether exchange. It trades in only three currencies: US dollars, bitcoin, and ether,
Trading Volume & Fiat Currencies