How to choose an exchange for trading cryptocurrency. Instructions for a beginner

The most popular cryptocurrency in the world is Bitcoin. Its history began in 2008, when a person or group of people under the pseudonym Satoshi Nakamoto published the article “Bitcoin: A Peer-to-Peer Electronic Cash System”, which described a completely decentralized electronic cash system that does not require the trust of third parties .

“Crypto” means that the currency is created on the blockchain using cryptographic methods and mathematical calculations.

BTC coins came into circulation at the very beginning of 2009: on January 3, the first block and the first 50 bitcoins were generated, and the first transaction in the Bitcoin network occurred on January 12.


Bitcoin is the most popular cryptocurrency in the world

The “cue ball,” as it is called in the crypto community, gained its fame after its price increased 10,000 times from 2010 to 2013—from 10 cents to $1,000.

Bitcoin market capitalization at the moment:

NamePriceChange 24hCapitalizationVolume 24h
Bitcoin$43,927.00;+2.56%$831,841,639,455$64,113,854,768

Data update 01/13/2022, 09:44
Bitcoin trading takes place on specialized online platforms - bitcoin exchanges. Such services allow you to buy and sell BTC coins in exchange for other cryptocurrencies or fiat through a website or mobile application. To start trading, you just need to create an account on the exchange and make a deposit .

On which exchanges is Bitcoin traded?

If you enter “bitcoin exchange” into the search, there is plenty to choose from: hundreds of sites offer their services, and each of them is the most profitable. But we know that this is not so. Therefore, we made a review of Bitcoin exchanges based on reliability, trading volume, commission size, fiat support and other important criteria.

The best Bitcoin exchanges by reliability

Bitcoin exchanges can be centralized or decentralized, multi-currency or work only with BTC.

Of course, when going to this or that exchange, a trader wants to buy Bitcoin at a profit and then sell it at an even more favorable price. The difference in rates is his profit.

But besides this, the trading platform must be reliable.

Not all exchanges are safe. Don’t risk your money (especially now times are not easy at all) and work with proven sites with a good rating and impeccable reputation. Which ones exactly? The list below.

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