Cryptocurrency exchanges

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Every day more people are interested in get cryptocurrencies in different parts of the world. Bitcoin is an asset that last December 2017 had a value of $ 16,000 and a large part of investors like the idea of being part of this technological revolution and taking advantage of the advantages and possibilities that cryptocurrencies currently offer.

Digital currency trading It has aroused great interest in recent years among citizens residing in Spain. During the last months a great variety of new digital currencies que están haciendo que este mercado be cada vez más grande y complejo, por lo que muchos usuarios que quieran invertir en criptomonedas no sabrán cómo comenzar y comprar sus primeros Bitcoins o Ethers, para comentar las dos criptomonedas más reconocidas …

Even though there are many alternatives to buy cryptocurrencies, the most recommended way to do it buying and selling bitcoins or other cryptocurrencies is through the use of exchange platforms (recognized as exchange by its English name) in which investors can buy their first tokens and manage their cryptocurrency portfolios. These platforms are similar to stockbrokers only instead of buying and trading stocks, what we buy and sell are cryptocurrencies.

Different types of exchanges

The market can be divided into two different groups of exchanges.

• Centralized systems: Users can buy and trade their cryptocurrencies through a centralized platform that acts as an intermediary between buyer and seller in exchange for a small commission. This type of exchange is more similar to current stock brokers and they are the ones that currently manage a greater volume of business. Some examples are Kraken, Binance, Kucoin, etc.
• Decentralized systems: Gracias a la tecnología Blockchain, están apareciendo una nueva generación de intercambios descentralizados donde la compra y venta de tokens se realiza de forma directa entre individuos, siendo la plataforma un mero sistema para poner en contacto a ambas partes. En esta circunstancia no suele haber comisión (o es muy baja) y de momento son sistemas menos utilizados puesto que su aparición es relativamente nueva. En esta circunstancia, IDEX debe destacarse como el intercambio más usado en el mundo.

Una diferencia importante entre los dos sistemas es que los sistemas centralizados solo disponen un cierto tipo de criptomoneda disponible (las que han sido aceptadas por la plataforma) mientras que en los sistemas descentralizados este control no existe y todos los tokens del mercado se pueden negociar. siempre y cuando haya un Username dispuesto a comercializar y otro a comprar.

To continue I explain a list with some exchange services that work in Spain. The list consists only of centralized systems, since decentralized ones are only recommended for those users with a lot of experience investing in cryptocurrencies.

Coinbase and its fictional GDAX are the main gateway to the world of cryptocurrencies for most users, since They make it possible to operate with Euros and Dollars. Let's say that in general, if you are looking to spend your real world money to cryptocurrencies, using Coinbase is usually the best option.

It is a platform very sure, which makes it possible to deposit FIAT money through bank transfer or credit card. Its commissions are generally high, but as I say it is a very secure platform and that is paid. It only makes it possible to buy Bitcoin, Bitcoin Cash, Ethereum and Litecoin so if we want to buy other cryptocurrencies we will have to use other exchanges.

At the same time, it is now feasible to create an account on Coinbase and get 10 $ for free when you enter the first $ 100. You just have to register using this link and send $ 100 to your account.

Is today the exchange with the largest market share and the largest trading volume of everything that exists. It does not have a very wide catalog of cryptocurrencies, but it is undoubtedly the best option to market all that it has available because it is where you will get the best price.

The registry is usually open only in certain periods to avoid receiving an avalanche of new users. If you want to register with Binance you can do it by clicking on this link.

This exchange also allows you to operate with Euros and Dollars, so it is also quite used to start working with cryptocurrencies. Have a broader coin catalog than Coinbase, since it enables some such as Ripple, Dash, Iconomi, etc. and their commissions are somewhat lower.

A few months ago the platform was quite unstable and I was operating with it it was a suffering, but since January 2018 they have made a stability update and the platform works very well so it is completely recommended. Kraken registration what you can do clicking here.

Kucion is an exchange widely used to trade newly created cryptocurrencies and that are not yet accessible on other larger exchanges such as Kraken or Binance. It has a somewhat lower trading volume than all the previous ones, but it is the best option when you want to buy and trade some lesser-known cryptocurrencies such as Matrix, WanChain or WPR to give a few examples.

Its validation procedure is very easy, therefore if you are looking to register in Kucoin you just have to click here and follow all the steps.

HitBTC is a veteran exchange and it works very well. Its platform is simple to use and makes it possible to have access to tokens that are not usually found on other platforms in the market, so expert users of cryptocurrencies usually have an account in it. To register you just have to click here.

It is a platform widely used in the US market to buy and trade Bitcoins. The tool is very robust, it operates with few tokens but it has a quite acceptable trading volume.

Poloniex

Poloniex es un intercambio que fue muy popular en 2016 y 2017, pero ha ido perdiendo relevance últimamente. You had some security problems. Therefore, we do not suggest using it unless you want to invest in a cryptocurrency that is only available on this platform.

What exchange to recommend?

Usually there is no exchange that is better than the rest in all respects, so it is very difficult to recommend just one. Each platform has its positive and negative points and it also depends a lot on the currency in which we want to invest, since each exchange only allows access to a certain catalog of tokens. In general, if you are looking to start buying your first cryptocurrencies with euros or dollars, our recommendation is that you use Coinbase, since its use is very similar to that of a traditional broker and that will help you carry out your first operations with confidence.

If you later want to trade or if you are interested in investing in other cryptocurrencies than the 5 available on Coinbase, our recommendation is to use Binance for being the one with the highest volume and high security.

Pero como norma general, las persons que han estado invirtiendo en criptomonedas durante varios años de forma general have accounts in dozens of exchanges Since there are some coins that are only available on very small and low volume exchanges, it is always good to have the account ready in case you are looking to trade, to be able to do it as quickly as possible.