As a new Bitcoin user one can get overwhelmed with the amount of different bitcoin exchanges available. We decided to create a chart and compare some of the top exchanges in the market. The exchanges are ranked based on a combination of a few key factors: liquidity, trading volume, information required to start trading, fees, and exchange features.
Bitfinex
Compared to other exchanges, Bitfinex has much more freedom/room to play around as a trader, it evens allows for borrowing or lending. The main pro about Bitfinex is that it allows you to short BTC, something which you cannot do on most exchanges, checkout this Full Bitfinex Review.
Coinbase
The Coinbase Exchange is a relatively new exchange launched at the beginning of 2015 by Coinbase – a Bitcoin Bank based in the United States. The exchange is fully compliant with an active KYC/AML program, furthermore the service may ask additional information regarding source of income and/or your use case for bitcoins. It comes in as second on our list because it lacks some features which Bitfinex has, on the other hand, Coinbase is fully compliant, has terrific customer service, and a great reputation in the bitcoin community.
The exchange itself has a beautiful layout with a sleek design, it has basic trading features such as buy / sell orders and limit orders. The interface is intuitive and placing orders is easy, checkout this Full Coinbase Exchange Review
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BTC-E
BtcXindia
According to David Marshall from the BTCXIndia marketing team, only Indian citizens are allowed to trade on the exchange. To become verified for trading they must pass Anti-Money-Laundering (AML) checks and submit a ‘Know Your Customer’ (KYC) form. This form requests key details including the applicant’s name and contact details as well as bank account information, a passport photo, a copy of official ID, proof of address and a signature. This level of customer disclosure is in line with the processes used by leading financial institutions and keeps our exchange secure for users. It is also pre-emptively compliant with what the government is likely to require when they look to regulate Bitcoin exchanges.
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