The best exchanges to buy Bitcoin and other
cryptocurrencies.
This overview will help you to easily and safely buy cryptocurrencies,
sell or trade cryptocurrencies!
Comparison of my favourite stock exchanges
Exchange
Cryptocurrencies
Payment methods
Operation
Verification
Location
Bank transfer, Paypal,
VISA, Mastercard,
instant bank transfer,
Skrill
Bitcoin +29
other
Bitcoin +19
other
Bitcoin +100
other
Bitcoin +20
other
very easy
< 1 Hour
Austria
Bank transfer, Paypal,
VISA,
Mastercard
easy
< 1 Day
USA
VISA, Mastercard
not easy
< 1 Hour
Malta
Bank transfer
not easy
< 1 Day
USA
A Bitcoin exchange is a digital trading platform on which cryptocurrencies such as Bitcoin can be exchanged or bought
with fiat currencies (euros, dollars, etc.). As simple as this definition is, the different exchanges can be very different.
There are now a large number of exchanges that make trading with cryptocurrencies possible.
Depending
on
the
exchange,
the
details
may
differ,
but
the
first
step
is
always
to
register.
While
the
registration
itself
is
usually
very
simple
(an
email
address
or
mobile
phone
number
is
often
sufficient
for
confirmation),
the
verification
of
the
account
is
often
somewhat
more
complicated.
Verification
is
about
identifying
yourself
as
a
real
person.
This
is
done
by
uploading
a
copy
of
your
ID,
proof
of
residence
or
an
extract
from
your
bank
account.
In
this
way,
the
operators
of
the
exchanges
want
to
make
it
more
difficult
for
fraudsters
to
"launder"
money,
and
they
also
have
to
comply
with
the
guidelines
of
the
supervisory
authorities.
These
are
the
guidelines
of
"anti-money-laundering"
(AML)
and "know-your-customer" (KYC). While the process may be cumbersome, it increases the exchange's respectability.
Once
your
identity
is
verified,
you
can
deposit
money
on
the
exchange.
Either
the
fiat
currency
of
your
respective
bank
account
or
a
cryptocurrency
from
a
wallet.
Only
when
there
is
money
in
the
deposit
can
you
also
buy
or
trade.
Then
you
can
buy
cryptocurrencies
or
place
requests
and
orders.
For
example,
if
you
enter
requests
and
orders,
the
exchange
searches
for
suitable
partners
and
initiates
trading.
If
a
transaction
takes
place,
a
fee
is
deducted.
This
includes
the
"miner's
fee".
This
is
the
fee
that
the
blockchain
of
the
respective
cryptocurrency
(e.g.
Bitcoin)
charges
for
the transaction.
Stock exchange