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 allow you to buy cryptocurrency with fiat money (dollars, euros, pounds, etc.).
- The second type of exchange is called a “pure cryptocurrency exchange” or “altcoin exchange”.
These exchanges don’t deal with traditional payment methods like credit cards and banks.Instead, altcoin exchanges require that you deposit cryptocurrency FIRST and then you can trade the cryptocurrency you deposited for other coins and altcoins (any coin other than bitcoin).
So, Best Fiat Cryptocurrency Exchanges are:
About COINBASE : Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. We’re based in San Francisco, California. Bitcoin is the world’s most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.
About Coinmama :We’re Coinmama, a financial service that makes it fast, safe and fun to buy digital currency, anywhere in the world. We believe that the future of money is one where we, the people, are in control of our own economy. A future where there’s no place for middle-men, hidden fees and fine print.
About bitpanda : Bitpanda Home of Cryptocurrency. Since 2014. At Bitpanda we are firm believers in the innovative power of cryptocurrencies and the blockchain technology. Our mission is to be the key driving force in the ongoing fintech revolution by providing easy-to-use, safe and trustworthy access to any digital assets for both new and experienced users.