What Kind of Cryptocurrency Exchange do You Need?
There are two types of cryptocurrency exchanges:
- The first type is called a “fiat exchange”.
Fiat exchanges enable you to buy fiat money (dollars, euros, pounds, etc.) from cryptocurrency.
- The second type of exchange is called a “pure cryptocurrency exchange” or “altcoin exchange”.
These exchanges do not deal with traditional payment methods such as credit cards and banks. Instead, altcoin exchanges require you to deposit FIRST cryptocurrency and then you can trade your deposited cryptocurrency for other coins and altcoins (any coin other than bitcoin).
So, Best Fiat Cryptocurrency Exchanges are:
About COINBASE :Coinbase was founded in June 2012 and is a digital currency wallet and platform where merchants and consumers can use new digital currencies such as bitcoin, ethereum, and litecoin. We are based in California, San Francisco. Bitcoin is the most widely used alternative currency in the world with over $100 billion in total market cap. The bitcoin network consists of thousands of computers run by people around the world.
About Coinmama: We are Coinmama, a financial service that makes buying digital currency fast, safe and fun anywhere in the world. We believe that one where we, the people, are in control of our own economy is the future of money. A future where middle-men, hidden fees and fine printing have no place.
About bitpanda: From 2014. At Bitpanda, we strongly believe in cryptocurrencies ‘ innovative power and blockchain technology. Our mission is to be the key driving force in the ongoing fintech revolution by providing new and experienced users with easy-to-use, safe and reliable access to any digital assets.