What makes a Bitcoin
Currency Exchange
perfect and makes the
platform worth well we
are considering 5 factors
for a perfect Bitcoin
exchange platform.
1.Privacy
2.Reliability
3.Fees
4.Trading Volume
LocalBitcoins
The Localbitcoins only
acts as a middleman as it
states the facts in its
privacy policy the main
motto of this platform is
to make sure the
transaction is taken place
without any problems and
the platform provides an
easy interface to do the
transactions it is
impossible to trace the
buyer making it the best
platform for privacy and
furthermore they don’t
charge any fee at all but
there are some limits of
the trading volume on the
website.
Kraken
The Kraken is considered
as the most reputable
cryptocurrency exchanges
and also considered as
the most secure crypto
currency exchanges to this
date but you need to
complete the two steps of
the verification process.
VirWox
VirWox requires its users
to register on their
website but when creating
an account it asks for
Email, First and Last
name and nationality,
VirWox assures its
customers that it will keep
the user data encrypted. It
takes around 2.0% to 3.9%
of Tax per transaction and
limits you to transfer only
10,000 at most.
Paxful
Considering the fact that
Paxful works similarly to
LocalBitcoins, it is no
wonder that their account
creation and verification
processes are relatively
simple.Despite the fact
that Paxful is a relatively
new service, it has
already gathered a decent
sized community. A fee
set by every individual
seller which can go
anywhere from 0% to
100%.
CEX.IO
As with most other
centralized exchanges,
CEX.IO requires its
clients’ personal data in
order to trade Bitcoin
freely.Like with VirWoX,
there is a distinct
difference between
“maker” and “taker”
users. While no fee is
required of “maker”
users, “taker” users have
to pay a varying
percentage fee it has no
certain trading volume
set.
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