What is a bitcoin exchange?
If you are a person with a lot of experience in the stock market, real estate, etc., then you are not too familiar with the names of the Exchange, right?
Stock exchange, forex exchange or bitcoin exchange is one of the places where investors can trade different stocks and coins to make a profit.
Depending on the purpose of each sector as well as the specific regulations of each sector, the exchanges will have specific conditions for their traders in the market.
With the bitcoin exchange, this is a gathering place for traders and holders who participate in virtual currency trading, bitcoin investment, usdt, .. with the purpose of making profits from the cryptocurrency market.
Topping the list of top reputable exchanges that are currently used by a lot of people is Binance Exchange, this is the exchange that is currently the Top 1 with the most participants trading today.
Advantages of Binance exchange:
As the world's leading exchange in terms of transaction levels and participants, the safety of the coin is absolutely no sign of Scam fraud.
Trading fees on Binance are quite cheap, attracting many traders
User-friendly interface
There is a convenient Mobile App and Website for easy transactions.
253 cryptocurrencies are listed on the Binance exchange at the time of writing
Many trading pairs you can trade on Binance
Free deposit to the Exchange
The liquidity on the exchange is very good
Binance's ecosystem is quite diverse so you can have more choices when participating in Binance
Can buy bitcoin with VND easily with Binance P2P
There is an insurance fund to protect users if unfortunately the floor has a hacked sseef
Having a Vietnamese support team is very convenient
Disadvantages of Binance exchange:
The exchange has been hacked before, so many people are still afraid of the security hole of the floor
Always being watched by hackers constantly
The second exchange that I would like to introduce to all of you is Remitano exchange, which is also one of the second most popular coin exchanges after Binance trusted and used by many Vietnamese. In addition to strong development in Vietnam market, Remitano floor is also famous in many countries such as the United States, Australia, Malaysia, Cambodia, Nigeria.
Advantages of Remitano:
Support many different cryptocurrencies such as BTC, ETH, USDT, …
The price difference is quite low
The transaction fee is quite low, usually less than 0.5% of the total transaction amount.
User-friendly interface to use and operate. There is a convenient mobile app for transactions
Support multi-bank payment, especially support Vietcombank on the floor
Defect:
The time of buying and selling is still slow because it depends on both buyers and sellers
Many people take advantage of vulnerabilities to take advantage of scams.
Next, I introduce to you an exchange that is also interested and used by many people, which is Prime XBT. This is a fairly new exchange established in 2018, but with many favorable policies, it has attracted a lot of traders to participate in Prime XBT.
According to my statistics, currently, with PrimeXBT, customers trading on the floor are currently present in 150 countries around the world.
Advantages:
Anonymity: considered with outstanding anonymity, no personal information required nor identity verification is required
Personal competitive service
The liquidity on the floor is always kept at a good level, the transaction processing speed is fast.
Support trading leverage up to x100
Modern, secure, professional trading platform suitable for professional traders as well as traders new to the market.
Defect:
Does not provide services to countries like USA, Canada,.. and some countries do not allow cryptocurrency trading
There is no Demo account for users to try out
App Mobile is not supported yet.
One of the well-known names in the virtual currency world is Huobi exchange, which is ranked 3rd worldwide in terms of trading volume. Duong personally also quite often uses Huobi floor to participate in trading bitcoin or digital currencies on the exchange.
Next, please refer to the outstanding advantages of Huobi exchange
Is an exchange that supports many virtual currencies as well as Tokens. Up to the time of writing this article, there are nearly 500 Coins and Tokens listed on the exchange
The liquidity of the exchange is relatively good, there is a Mobile App for convenient trading. The price chart is taken from Tradingview so it is quite friendly and easy to use
Huobi's ecosystem is diverse
The security of the floor is relatively high. Have 2FA authentication enabled to ensure your assets are more secure.
Support many diverse languages including Vietnamese
Have a Support team to assist you immediately via Email, online or social media platforms
There is a guarantee fund to ensure users' assets when the exchange is hacked, you don't have to worry about losing your assets
Can buy and sell coins in VND easily
The transaction fee on the floor is quite cheap
Leveraged Marin traders are supported.
Bybit is one of the exchanges that is also quite popular and used by many people. Although only established in March 2018, the exchange is becoming increasingly popular: attracting more than 100,000 users in just the first 2 years. Currently talking about the main number of visitors coming from Bybit exchange is worldwide, but China is one of the countries that access and use Bybit products the most.
Some outstanding features of Bybit exchange:
Perpetual futures contract
Dual pricing mechanism
Pricing according to the market
If you are familiar with Marin leveraged platforms, Bybit also supports you to leverage up to x100
Allow users to withdraw unlimited money
No KYC
Cold wallet storage
Fast transaction processing speed up to 100,000 transactions/second.
The transaction fee is quite low
Relatively stable liquidity
Defect:
As a new exchange, it has not yet attracted many traders
Not yet integrated Vietnamese language
Does not support fiat money
No OTC platform yet
The above trading currency pairs are still very limited
The above are the bitcoin exchanges that are rated as one of the most reputable and have the largest trading volume according to Coinmaketmap statistics.
If you have any further comments on any other exchanges or are wondering any questions, just leave a comment below my article to discuss and learn together.
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