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A celebration of the 100 most influential advisors and their contributions to critical conversations on finance. The latest markets news, real time quotes, financials and more. Every informed person needs to know about Bitcoin because it might to be one of the world’s most important developments. Bitcoin exchanges are an integral part of the virtual currency world and its ecosystem in particular. Bitstamp, a Slovenia based Bitcoin exchange, is one of toppers in terms of trading volume. BTC pair with withdrawals and deposits available in currencies other than dollars as well.
The exchange offers trading using limit orders where a pre-determined price can be set for buy and sell orders. Bitstamp has earned a strong reputation in the Bitcoin world. To buy Bitcoins, clients need to open an account with Bitstamp, which is followed by transferring money into the account. This can be done through SEPA, international wire transfer, etc.
For those using SEPA, there is an additional step for change over from Euros to Dollars for trading and then Dollars to Euro while withdrawal. Bitfinex is a platform providing advanced trading tools like margin trading, short selling and liquidity swaps to buy or sell Bitcoins, Litecoins and Darkcoins. Once a day, a backup of the database of the exchange is taken which is encrypted and then archived. The backup is sent to different locations as a further measure of protection. Coinbase works on a slightly different principle wherein the client needs to link the bank account with the Coinbase account and has to initiate an ACH automatic transfer system for buying Bitcoins every time since Coinbase does not hold dollars in customer accounts. Though the order is placed at the time of placement of order but Bitcoins are released once the amount is credited from bank into Coinbase account which typically takes 3-5 working days. Cryptsy is a platform not only for Bitcoins, but also the variants which are collectively called altcoins.
The exchange, which was launched in summer of 2013, has witnessed strong growth in a short span with a broad spread consumer base and high trading volume. 270,000 and the volume crosses 300K trades per day. BTC-e emerged as a popular exchange from the time trouble started to surface at Mt. 2011, offers a choice virtual and fiat currency to its users. The exchange has a fee for the transactions carried out on the platform at 0.
BTC-e has two interfaces, one in English and the other in Russian. There are speculations that the company is actually headquartered in Russia and not Bulgaria, the anonymity factor about founders has deepened such thoughts. The exchange on the positive side offers high volumes in trading and invaluable experience. Kraken is a feature loaded trading platform with fast deposits and withdrawals for professional and advanced traders. The digital currency options available at Kraken are Bitcoin, Litecoin, Dogecoin, Namecoin, Ripple and Ven.
BTCChina is among the largest platforms for buying and selling Bitcoins based on trading volumes. The exchange was founded in 2011 and is one of the oldest exchanges as well. The liquidity offered by the exchange due to its high volumes is one of its advantages. The exchange does not charge any deposit and trading fee for BTC, LTC and CNY, it charges a withdrawal fee. Bitcoin Source is one of the newer platforms for trading Bitcoins but has already made a place for itself. The exchange launched in 2014 is based in Belize and is owned and managed by DCE24 Group Ltd.