Bitcoin trading Pakistan 2021
          

The emergence of a new class of financial assets - cryptocurrencies - led to the creation of resources for exchanging and buying/selling digital currencies, as traditional exchanges have not yet recognized them. To this end, the first cryptocurrency exchange was created in 2010. At that time, bitcoin was worth $0.5 and its capitalization barely reached $1 million. However, the continued growth of BTC and the wide spread of blockchain technology forced the world to take a different view of the cryptocurrency industry. This became a powerful incentive for the creation and development of new virtual currency exchanges.

Choosing from the huge variety, users are looking for the best cryptocurrency exchange, with many factors being evaluated. Everyone chooses what he needs. Someone needs a lot of assets, someone needs low commissions and a simple interface. In this article you will find a brief overview of the most popular sites for working with this type of assets.

Coinbase

Coinbase is a popular American exchange. It was launched in the summer of 2012, when few people knew about cryptocurrencies and the price of bitcoin was only $10. The co-founder and CEO of the exchange is American entrepreneur Brian Armstrong, who in 2017 was in the top 10 most influential businessmen in the world under the age of 40.

Today Coinbase is rightfully included in the list of leading exchanges, has a solid trading volume and high capitalization. The number of users exceeds 56 million, and cryptocurrency trading is available to residents of 103 countries. The service supports 25 digital currencies, including USDC Stablecoin. In addition, the exchange is available to work with fiat currencies: U.S. dollar, euro and British pound.

The mission of Coinbase, as stated on its official website, is to create an open financial system for the entire world.

The firm intends to work exclusively in the legal field and already has a license to operate In most states in the United States, including New York, it is very difficult to obtain a work permit in which:

  • 23 types of digital coins.
  • The rates charged for all operations under $200 are as follows: $ 0.99 - $ 2.99 - for operations from $ 0 to $ 200; for over $ 200, a fixed interest rate comes into play. Its size depends on the payment method.
  • Free mobile and online wallet. The advantage of this wallet is that transactions can be made off-blockchain.
  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems. SEPA transfers are available for EU residents.
  • Two-factor authentication. All website traffic is encrypted using the SSL cryptographic protocol.
    All wallets keys are protected by AES-256 encryption. Only 2% of her clients' cryptocurrency funds are stored online, and they are insured in case of loss.
  • Android and iOS app.

Binance

Binance is a Chinese company, so the official website of the Binance exchange supports several languages. Binance is a digital asset exchange service. Basically, it is an online platform that allows people to buy cryptocurrencies for bitcoins.

Learning how to trade on Binance will help you understand the cryptocurrency game and enable you to trade almost any coin that exists on the market.

The most important characteristic of the best cryptocurrency trading platforms is their reputation. Reviews about Binance are surprisingly good, as it is very easy to use and, most importantly, safe!

In addition, unlike some other exchanges, Binance offers the ability to buy and sell a truly staggering number of cryptocurrencies, so on this platform you are likely to find the coins you are looking for. Many exchanges offer no more than 20 coins, on Binance there are hundreds:

  • 740 different crypto and fiat pairs, including own token BNB.
  • Binance offers competitive trading fees (commissions): 0.1% on each side of the trade, or 0.075% if you are using your Binance tokens (BNB).
  • Trust Wallet mobile application.
  • Bank transfer, debit/credit cards, various P2P payment channels.
  • The exchange launched CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance companies. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.
  • A free app is available in Google Play Store or the App Store.

Kraken

The Kraken platform was launched in 2011. It almost immediately gained the trust of users around the world. Kraken creator Jesse Powell, realizing the growing promise of digital currency and the rapid development of blockchain technology, set out to create a platform for geographically and financially unrestricted currency transfers. And he succeeded! The cryptocurrency exchange is suitable for corporate clients of all sizes as well as individual speculators of all skill levels.

The beta version of the site was tested in 2013. In the same year, it was officially opened for clients. The exchange's listing is annually replenished with popular cryptocurrencies. But the management also does not shy away from legislative changes prohibiting the anonymity of digital currencies, which proves the reliability of the site.

Kraken opens up a wide range of trading opportunities for speculators. You'll find that trading futures, indexes and leverage can be much more convenient and secure. You have a wealth of tools, functions, optimizing analysis and metabolic processes at your disposal:

  • 8 tokens are available for.
  • Transactions under 50,000 units of a particular currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer. For sums over 50,000 units, commissions are reduced to 0.14% and 0.24% respectively.
  • No crypto wallet is offered on the site.
  • Crypto wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available.
  • The exchange offers users two-factor authentication, PGP encryption, and global settings lock, which prevents any account changes within a certain period of time.
  • Kraken Pro and Kraken Futures applications.

Bittrex

Founded in 2014, Bittrex is one of the leading cryptocurrency exchanges in the world. The project is headquartered in Seattle, USA. Daily turnover is about $20,000,000. The company was founded by Bill Shiharu, Richie Lee, Rami Kavach and Ryan Gentz. Overall, the Bittrex exchange has a good reputation and has not experienced any hacking attempts. This is understandable since two of the business partners previously worked as security specialists at Microsoft.

There are several markets on Bittrex that form cryptocurrency pairs. You can trade BTC, ETH, USDT, there are also pairs with the dollar. The exchange offers a large number of bitcoin trading pairs - including all major cryptocurrencies such as Bitcoin Cash, XRP, Litecoin, Ethereum. Also available are promising virtual currencies such as Chainlink, Tezos, Hedera Hashgraph.

Particular attention in the review of Bitrix crypto exchange should be paid to the appearance: the interface is very simple, but has significant differences compared to other exchanges. A significant advantage is the convenience of working with the chart, as well as the availability of stop-limit orders:

  • 250+ trading pairs are available.
  • Topping up your euro account is available via SEPA credit transfer, international bank transfer, bank card. Fiat funds withdrawal is possible to a bank account using an international bank transfer, and for euros, a SEPA credit transfer is supported. The withdrawal commission depends on the chosen currency: in bitcoin, it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed trading fee of 0.25% of the total value of the order.
  • No crypto wallet.
  • Bank transfers, credit/debit cards.
  • Two-factor authentication (2FA), IP check, which requires an email confirmation of entry from a new IP-address, IP whitelists, Cold storage for 80%-90% assets.
  • There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

BitMex

Bitcoin Mercantile Exchange or BitMEX is a trading platform for experienced cryptocurrency traders that allows you to buy and sell cryptocurrency contracts (not the coins themselves) combined with margin trading (leveraged trading). BitMEX is now positioning itself as a cryptocurrency derivatives exchange and is the largest and most diverse in terms of derivatives.

Over the years, BitMEX has proven itself as one of the most secure platforms - to date, it has never been hacked.

BitMEX is an exchange for experienced traders, and before you start real trading, it is best to practice on a demo account. Another feature of BitMEX is its fully responsive interface, which you can customize yourself - enable/disable windows, move and resize them. The sidebar is customizable separately - by clicking the settings button you can move it to the left side or remove it completely:

  • 55 trading pairs.
  • BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin Network commission is applied; commissions for takers are 0.075% of the total order value, while makers are paid an additional 0.025% for each trade.
  • Crypto BitMEX wallet.
  • Beyond virtual currencies, BitMEX does not accept any other deposits.
  • Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature wallets for transactions; Email communications are encrypted using PGP encryption.
  • BitMEX Mobile launched in September 2020.

Bitfinex

Bitfinex is one of the largest cryptocurrency exchanges. The most popular currency pair is BTC - USD (more than half of the turnover). The exchange has a high turnover and a wide choice of cryptocurrencies.

Users trading on this exchange can use both digital and fiat funds. However, it is the cryptocurrency that is most often used because you do not have to pay large commissions for trading it. When one works with cryptocurrencies, the commissions are very low.

The management of the Bitfinex cryptocurrency exchange pays special attention to security. In this regard, various methods have been introduced to protect user accounts.

There are many orders in the stock market. Trading in the stock market is much easier than in other markets. There are many tools which, if used correctly, can help you increase your capital.

  • Over 140 coins and 300 trading pairs.
  • No additional payments for deposits and withdrawals in digital coins. When you deposit USD, you will have to pay a commission of 0.1%, but not less than $ 20;Minimum fee for withdrawing fiat money is $ 60; With the minimum currency turnover per month, the trading fee is 0.1% for the maker and 0.2% for the taker.
  • Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet, and Financing Wallet.
  • In addition to digital currencies, bank transfers and card withdrawals are available to users.
  • Only 0.5% of crypto assets are kept online to support daily transactions. The rest of the coins are kept in cold wallets out of the reach of hackers. For these wallets to become available, manual authorization of several members of the management team is required.

Localbitcoins

The project was registered in 2012, during which time it has managed to quickly gain popularity among users. Currently, the site operates in more than 200 states. You can use at least 100 fiat currencies to exchange bitcoin. To start using the features of the platform, you need to register.

LocalBitcoins is a decentralized peer-to-peer exchange that connects buyer and seller of bitcoins. A special feature of the exchange is the ability to buy bitcoins offline, for this will be selected offers that are as close to you geographically as possible.

When working with the platform, realize that you are trading directly with the trader, not through the exchange. So always analyze his profile in terms of good reviews, number of trades, date of account registration, number of people who have blocked the trader and, conversely, added him to the white list:

  • The service does not charge a commission from the buyer.  For sellers, there is a set commission of 1% on each sale.
  • Bank transfers, banking cards, electronic systems.
  • The security of the transaction is ensured by the escrow method, which has proven to be highly effective; User accounts are protected by two-factor authentication.

Poloniex 

 Poloniex is one of the oldest exchanges by cryptocurrency industry standards. It opened in January 2014 and is still in operation. Poloniex provides access to a wide range of altcoins. It is one of the largest exchanges in terms of daily bitcoin trading volume.

The exchange trades on 4 types of markets: BTC, ETH, XMR and USDT, more than 60 altcoins and over 100 currency pairs. Poloniex is one of the largest exchanges by trading volume. This means that a trader can easily close any position. Trading on Poloniex is simple and convenient. An order is created in 3 clicks.

The disadvantage of exchanger is the lack of a mobile application, although there is a mobile version of the site:

  • 100+ currency pairs.
  • All deposits are allowed without any additional charges; The withdrawal fee is fixed, and it depends on the type of the currency; commissions are from 0 to 0.25%. Maker commission is from 0% to 0.15%; taker commission is from 0.1% to 0.25%. The higher is the volume of completed transactions in one month, the lower is the commission for all subsequently completed transactions.
  • Own Wallet.
  • Replenishment of an account with a bank card or withdrawal to a card are not available for users of some countries.
  • The administration highly recommends adding two-factor authentication to your account.
  • Mobile application.

Kucoin

This is a very young exchange, but thanks to the support of most popular altcoins and good exchange rates, it has become popular since the fall of 2017. KuCoin exchange, although not yet among the leaders, but customers speak well of it. Behind it is a team with a lot of experience in the cryptocurrency market. Already in the reviews, many call it one of the best among the competitors.

Registration for the exchange KuCoin not too different from the registration process at other exchanges and conventional sites (you can register via email and cell phone number).

KuCoin Shares (KCS) tokens - an internal cryptocurrency exchange KuCoin, which can buy any registered user of the exchange and receive from it a passive income (KuCoin Shares cryptocurrency continues to rise in value as the number of active traders on the exchange, which in turn acquire these tokens to reduce their trading commission) and a number of other bonuses and benefits (similar to the exchange Binance, using internal tokens you can reduce your trading commission from 2 times to 0.05% of the trade):

  • 200+ coins and 450+ trading pairs.
  • All deposits are free on the site, and there is a fixed fee for withdrawals; KuCoin offers a flat commission of 0.10%, which is less than the industry average.
  • Inner site crypto wallet.
  • A variety of payment methods supported by P2P fiat services.
  • The exchange offers you the option to set up two-factor authentication by Google Authenticator.
  • Mobile application.

Bitpanda

Bitpanda was founded in 2014 and is based in Austria (Vienna). Now it is a popular exchange platform and wallet for experienced cryptocurrency users and beginners. It allows storing and exchanging more than thirty digital assets. Right now BitPanda management is building with the most popular cryptocurrencies, adding coins to its list very, very carefully.

It should be noted that BitPanda management is working hard to improve its platform. For example, SegWit wallets were introduced, which in the future will significantly reduce the amount of transaction fees in the Bitcoin network.

Bitpanda focuses on two things: security and ease of use. The application is organized in an intuitive interface, requiring a minimum of actions from the user to perform operations.

  • Bitcoin, Ethereum and 30+ digital assets.
  • The trading commission of the service depends on the type of currency and the nature of the transaction. When buying bitcoins, you pay 1.49%, when selling - 1.29%.
  • Commission for replenishment and withdrawal is fixed for each coin and is debited from the account.
  • Bitpanda crypto wallet.
  • You can make a deposit either by bank transfer, credit cards or electronic payment systems.
  • Bitpanda refers to systems that independently manage user wallet keys. Besides, the following security measures are offered: fund cold storage session control. Every login attempt from a new device requires two-factor authentication confirmation, authentication and validation via email.

Coinmama

It is one of the most successful cryptocurrency exchanges on the market, offering users cost-effective digital coin purchases via bank card and fast transactions. Coinmama is considered one of the most reliable digital coin sites, and its well-established positive reputation is not questioned by experienced traders.

Although the platform is focused on the international market, the interface of the official website is translated only into English. It should be noted that Coinmama is not an exchange familiar to traders in the traditional sense. Unlike its competitors, here users can buy and sell cryptocurrencies as on the exchange, without using the usual terminal with the order book, TradingView chart and other familiar functions. In addition, there is no built-in wallet on the site, and client funds are transferred to a specified address. This approach is more secure because client funds will not be compromised in the event of hacking:

  • The website sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS.
  • The use of credit or debit cards implies a service charge of 5%. Besides, the charges 3.90% for buying coins and 0.9% for selling these.
  • No Wallet.
  • Credit/debit cards and bank transfers; It supports SEPA and SWIFT payments.
  • Coinmama is a reputable company with a secure site using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information.
  • Mobile app.

Paxful

Cryptocurrency exchange Paxful is a peer-to-peer platform that mediates between buyers and sellers of bitcoins. Most importantly, Paxful attracts with its user-friendly and intuitive interface, as well as its high trading speed and transparent transaction terms. The company supports over 300 payment methods, including gift cards.

The service is suitable for both experienced traders and beginners. The advantage is that various guides and training materials are available for novice traders. Also on the site you will find a blog of the project, which contains not only the latest news of the organization, but also useful and informative articles on financial topics, news about cryptocurrencies, as well as educational materials.

It is not allowed to store coins on the platform - they are immediately sent to the address of the customer's cryptocurrency wallet.

  • Bitcoin and Tether as assets.
  • Commissions are applied for crypto selling:0.5% for bank transfers; 1% for bank cards and e-payments; 3-5% for gift cards; No commission is charged for buying cybercurrencies; Paxful will charge a transfer fee for sending funds to an external wallet. $ 0 - $ 9.99 = 0.0001 BTC$ 10 - $ 19.99 = 0.0002 BTC;More than $ 20 = 0.0005 BTC.
  • The Paxful Wallet App makes it easy to store and manage coins with your mobile wallet.
  • More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes or Steam gift cards.
  • The security of the system is ensured by two-factor authentication, depositing and the obligatory verification procedure when working with large amounts.
  • Paxful Wallet for Android and iOS.

HitBTC

HitBTC Exchange is a multicurrency platform with a beautiful design and an attractive discount system for large traders.

The official founder of the exchange is entrepreneur Dave Merrill. In 2013, he gathered a team of experienced programmers, financial experts and cryptocurrency enthusiasts to launch his first cryptocurrency company. By the way, there is no public information about the full HitBTC team.

HitBTC exchange currently supports a large number of cryptocurrencies and cryptocurrency pairs, which explains its popularity among traders. HitBTC community consists of users from more than 150 countries. The service has a high popularity in social networks:

  • 800 currency pairs.
  • No commissions for deposits and a fixed commission for withdrawals depending on the coin; HitBTC uses a multi-level trading fee calculation system. The more a user trades, the lower his commission will be.
  • No crypto wallet.
  • The HitBTC exchange can be replenished exclusively with digital currency.
  • The platform provides 2-factor authentication, high-end encryption technology and cold storage of funds.
  • No application.

In 2021, popular exchanges allow you not only to trade, but also to make money by storing cryptocurrencies in your accounts, which is called staking (like a deposit in banks). You hold a certain cryptocurrency for a certain period of time and receive dividends. In addition, exchanges have direct exchanges between P2P users, credit (loans), internal cryptocurrency exchanges (example: Binance BNB), issued for certain events (stocks, contests) and more.

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