Buying and selling of Bitcoins is happening with the help of Cryptocurrency exchangers ,who provide the platform for these exchanges to take place, however there has been a fair bit of reputation damage in relation to Bitcoin exchangers. For example, one main issue in past has been with Mt Gox – one of the biggest and well-known exchanges that lost around 750,000 Bitcoin and had to file for bankruptcy as a result.
In this article we take a look at some of the other major Bitcoin exchanges where crypto enthusiasts can buy and sell Bitcoins and AltCoins, all these crypto-currencies that are changing the financial world as we know it.
Kraken
This is a trading platform that combines both foreign exchange trading with the trading of crypto-currencies such as Bitcoin.
Kraken operates in both US dollars and Euros as its "real-world" currencies. Apart from Bitcoin, the crypto-currencies that Kraken facilitates trade in includes Litecoin, Namecoin, and Ripple.
Bitstamp
Based in Slovenia, Bitstamp is one of the biggest exchanges currently in operation. Offering a relatively simple trading infrastructure, Bitstamp delivers purchases at the lowest price possible and sales at the highest price possible.
In terms of real-world currencies, Bitstamp only supports US dollars.
Bitfinex
Another of the major Bitcoin exchanges with significant transaction volumes, this exchange offers quite a high level of complexity in terms of its trading features and functionality.
From a real-world currency perspective, Bitfinex only supports US dollars.
Coinbase
Coinbase is slightly different to most of the other Bitcoin exchanges available as it also offers users a comprehensive digital wallet – enabling users to store, spend, buy and accept Bitcoins. The easiest way to understand the functionality of Coinbase is to compare it to PayPal.
Coinbase also enables merchants to accept and process Bitcoin payments.
In relation to real-world currencies, Coinbase only supports US dollars and limits its users to residents of the United States.