Cryptocurrency exchange rating 2021

In this article, we will understand what they are and how crypto exchanges work, and also share our rating of the best cryptocurrency exchanges.

Cryptocurrency, to put it very simply, it is electronic money. But this is not the money that goes to the card and which can be withdrawn from a conventional ATM. No. It is sold and bought on the stock exchange. We decided to make a rating of cryptocurrency exchanges selling this currency, where you can carry out an act of buying / selling or exchanging.

This is a digital currency that cannot be copied, cannot be faked, as it is encrypted with a code. The currency itself is born on the Internet and has nothing to do with real money or any financial institutions of any country.

Each coin is a set of information encrypted in a special way. The extraction of this information is called "mining". This way of earning attracts more and more people, because, in fact, everyone can do it and earn big money. To do this, you only need a computer and several programs for calculating algorithms. But, as usual, not everything is so simple. Having no control bodies, such as the Central Bank of the country, the earned currency can easily become the prey of hackers if the security of the wallet is not high enough. Also, the market is subject to huge price jumps, with a wide amplitude, which is associated with the specifics of work and speculation.

To date, Bitcoin is considered the most popular virtual unit, its total price is almost $3,2 billion. All world exchanges work with this type of virtual money.

What are cryptocurrency exchanges and how do they work

In fact, the exchange is a place where some virtual currencies are exchanged for others, or for real ones. That is, having bought Litecoin for rubles, it can be exchanged for bitcoin, and bitcoin can be sold for dollars. These are the simplest and most common operations carried out in trading.

The exchange allows you to trade, exchange and earn. All cryptocurrencies have a single price, which distinguishes this market from the Forex market, where the broker sets the price per share. The price for virtual units is formed by supply and demand, and often depends on the psychology of exchange traders.

The very first crypto-exchange was Mt.gox, founded in 2007 and it was engaged in online casino playing cards trading. But already in 2013, almost half of all settlements were carried out through this exchange. The active growth of such a trading platform attracted the attention of the US authorities, who introduced a number of significant restrictions in 2014 that affect the activities of the organization, which led to a huge withdrawal of funds by participants, totaling almost $ 350 million.

The main advantages of working in such markets are:

• Instant trading.
• Low fees for settlements within the market.
• Guaranteed receipt of money to the account from the sale.

But there are also obvious disadvantages:

• A long withdrawal of funds from the account is possible when trading with the exchange.
• The probability of blocking the account by a third party.

The basic principle of working on such exchanges is simple, and similar to the work of the stock markets - "boil low - sell high." Of course, for this you need to understand the psychology of the market, the basics of trading on funds, and so on.

Types of cryptocurrency exchanges

The main and most common is still bitcoin. After its launch and a sharp jump, many varieties appeared that differ from it in the type of mathematical calculations for their finding. Such a variety of currencies gave rise to exchanges, where the owners of some could exchange them for others. All of them are divided into two types:

• With the ability to exchange for fiat, that is, real currencies.
• With the exchange of virtual money among themselves.

The first type, of course, attracts much more people, as it allows you to speculate on virtual money, and withdraw real money, and with a high percentage of profit. The best crypto markets, the most in demand, carry out both activities. Therefore, more experienced players are in no hurry to withdraw their money at the first opportunity. All types of virtual units cost about the same, but their cost can vary significantly on different trading platforms. Knowledge of these factors brings significant dividends to experienced traders.

Cryptocurrency exchange rating 2021

English platforms:

Polonix. It remains the most popular, as it has a large number of currency units and pairs for exchange, many trading tools and good security;

1. Bitrex. The site office is located in the USA, New York. The site has been repeatedly attacked by the authorities, but some restrictive measures have not greatly affected its activities.
2. bitstamp. Has three currencies. Recently, activities on the territory of the Russian Federation have been suspended.
3. bitfinex. A multifunctional trading platform that performs operations with major currency cryptocurrencies.

Russian-language platforms:

1. Yobit.net. It has more than 500 trading pairs, a small commission. It is in high demand in the Russian segment of the market.
2. Kraken. The exchange contributes to an active influx of traders, due to the reduction of commissions with an increase in trading operations with positive dynamics.
3. LocalBitcoins. Multilingual platform with ample opportunities for trading between traders. When trading with the exchange, it has a high commission for withdrawing funds.
4. Seo-io. Also a multilingual platform, but only uses one pair. Funds are withdrawn automatically. Has minimal commissions. Focuses more on the Chinese virtual money market.

The best cryptocurrency exchanges: according to hunter-money.info

At the moment, Polonix is ​​considered the best. Its multitasking and a wide range of tools allow you to carry out a large number of financial transactions daily. It is provided with a good level of security, which, however, does not prevent fraudsters from making hacker attacks on the organization's website. Domain addresses are substituted, copies of the site are created in order to obtain passwords for accessing user accounts and steal money from their accounts.

Next comes Bitrex. It has a large number of currency pairs for exchange, the ability to exchange virtual money for real money. The annual turnover is approximately 7,4 billion dollars.

Until recently, the Russian-language exchange BTC-E was the leader in the Russian segment. On it, trades were conducted both between cryptocurrencies and between crypts and fiats, in real time. The site has good technical support in two languages: English and Russian. In the middle of 2014, it was ranked second in terms of turnover of funds on exchanges of virtual for real monetary units. The site does not require identity verification, and the main organizational institutions of the exchange are conveniently located in the Czech Republic, Bulgaria and Cyprus, which did not prevent the Central Bank of the Russian Federation in February 2014 from suspending the deposit / withdrawal of funds to the exchange accounts.

Also noteworthy is the Kryptonite exchange. Its feature is a wide range of options for withdrawing real money. Cooperates with almost all types of virtual wallets. It is the first exchange to be able to get a response from the British committee that regulates the activities of financial institutions, so that the activities of this organization are not subject to financial regulation laws.

Hack and predictor Aviator

New opportunities that open up in the cryptocurrency market are attracting more and more investors and players who are hungry for a quick income. So, in 2013, the growth of bitcoin amounted to more than 5%, while the growth of shares in the securities market for the year is about 000%. This fact makes many large investors turn their eyes and finances towards the virtual money market, which, in general, shows dynamic growth. However, some financial analysts compare the excitement of this market with "tulip mania".

This phenomenon was observed in Europe in 1636-1637, when a short-term hype for rare types of tulip bulbs created a huge demand, not supported by anything. The price for one bulb reached a thousand guilders. Soon the price of ordinary varieties of tulips also increased, and speculators joined the trade.

As a result, the market, oversaturated with active demand, simply collapsed, leaving thousands of owners of unsupported "tulip contracts" with nothing. Whether such a future really awaits this young marketplace, only time will tell. So far, there are no prerequisites for this, and the virtual money market continues to gain momentum.

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Best regards, Money Hunters.