Understanding blockchain technology and how cryptocurrencies operate can be challenging for newbies. While there are several crypto exchanges out there, many beginners get stuck trying to work out how to exchange their bitcoins on one of these trading platforms. Popular digital currencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are gaining a lot of attention, thanks to their commercial viability.
In most cases, to exchange your BTC on Bitcoin websites, you will need to create a user account and verify your identity first.
Here is a list of the best crypto websites to choose from
Turkish crypto investors often visit the NakitCoins website where they can buy and sell Bitcoin with ease. As the leading crypto cashpoint broker in Turkey, NakitCoins allows you to exchange Bitcoin for other digital currencies for low fees. Top up your Bitcoin wallet with your credit card or Neosurf voucher, buy Bitcoins with cash, and withdraw your funds without any limits.
Here is where you can buy and sell Bitcoin from any part of the world. LocalBitcoins is a reputable peer-to-peer Bitcoin exchange with a wallet that allows you to trade with people near you or around the world. When you sign up for LocalBitcoins, you can trade Bitcoins in person in an easy, fast, and secure way.
3. Coinbase exchange
Coinbase really stands out in the crypto market. The exchange allows users to trade in over 80 cryptocurrencies such as Bitcoin, Litecoin, Ripple, and Dogecoin. You can take advantage of Coinbase’s amazing features to earn rewards. For example, Coinbase Earn pays you crypto for watching educational videos.
For advanced traders, upgrading to the Pro version of the site offers extra features ranging from charting tools to secure trading bots.
However, if you frequently use margin accounts to trade crypto, Coinbase may not be the best option. It does not allow users to temporarily borrow money to transact in cryptocurrencies.
Sign up for Kraken exchange and buy 50+ cryptocurrencies in minutes. Kraken is one of the low-cost crypto exchanges where you can invest in Bitcoin with as little as $10. If you want to expand your portfolio and use blockchain to sell Bitcoin, Kraken could be of great help.
Known as the exchange for everyone, Kraken is beginner-friendly. Investing in your first bitcoins can be confusing but if you follow Kraken’s crypto guide, you should be able to trade your Bitcoin on the website easily.
Their resource centers are ever-ready to guide you through the fundamentals of crypto trading and how it’s revolutionizing the world’s financial ecosystem.
5. Binance U.S
The Binance U.S exchange is recommended for American crypto investors. Launched around 2019, this website primarily serves United States crypto dealers and it supports over 50 digital currencies including Bitcoin. Coinbase has investment packages for individuals and businesses.
Their automated trading features afford you the chance to invest automatically according to a set schedule. Binance U.S account perks include crypto trading pairs, OTC trading, and stablecoins.
While Binance U.S is a great Bitcoin site, its outreach is quite limited. Kraken supports users in almost 200 countries worldwide including the United States.