Cryptocurrency exchange is where users can come together and trade in different cryptocurrencies and fiat currencies. Online currency exchanges are websites that are used for trading, that is, buying or selling bitcoins for dollars or any other currencies like Euros, Pounds, Yen, etc. We can transfer money through any online currency transfer services to trade in bitcoins on these exchanges.
Exchanges of Bitcoin
The following exchanges dominate Bitcoin market −
Bitfinex − Bitfinex is the world’s #1 Bitcoin exchange if trading volume in US dollars is considered. Here about 25,000 BTC are traded every day.
Bitstamp − Bitstamp, founded in 2011, is one of the oldest exchanges of Bitcoins. It is presently the second largest exchange in the world based on USD volume, with around 10,000 BTC traded per day.
OKCoin − This bitcoin exchange is based in China but trades in US Dollars.
Coinbase − This was the first regulated Bitcoin exchange in the United States. About 8,000 BTC are traded daily on this exchange.
Kraken − Kraken is the #1 trading exchange in Euros handling nearly 6,000 BTC transactions per day.