Cryptocurrency exchange Pakistan 2021
          

The emergence of a new class of financial assets - cryptocurrencies - has led to the creation of resources for exchanging and buying/selling digital money, as traditional exchanges have not yet recognized it. 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 rise of BTC and the widespread adoption of blockchain technology forced the world to look at the cryptocurrency industry differently. This has become a powerful impetus for the emergence and growth of new virtual currency exchanges.

Choosing from a wide variety, users look for the best cryptocurrency exchange, evaluating many factors. Everyone chooses what they need. 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 places that are in demand for working with this type of assets.

Coinbase

Coinbase is a popular US exchange. It was launched in the summer of 2012, when only a 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 entered the TOP 10 most influential entrepreneurs in the world under the age of 40.

Today, Coinbase is deservedly on the list of leading exchanges, with a solid trading volume and high capitalization. The number of users exceeds 56 million people and cryptocurrency trading is available to residents of 103 countries. The service supports 25 digital currencies, including the USDC stablecoin. In addition, the fiat US dollar, euro and British pound are available on the exchange.

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

The firm is dedicated exclusively to legal work and is already licensed to work in most U.S. states, including New York, where it is very difficult to obtain a work permit:

  • 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 and therefore the official website of the exchange supports multiple 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 give you the opportunity to trade almost any currency that exists in the market.

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

Moreover, unlike other exchanges, Binance offers the opportunity to buy and sell a truly amazing amount of cryptocurrencies, so on this platform you are very likely to find the coins you are looking for. Many exchanges offer no more than about 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. Almost immediately, it gained the trust of users around the world. The creator of Kraken, Jesse Powell, realizing the growth prospects of digital currency and the rapid development of blockchain technology, set out to create a platform for geographically and financially unlimited currency transfers. And he has succeeded! The cryptocurrency exchange suits the needs of corporate clients of all sizes, as well as individual speculators of all skill levels.

A beta version of the site was tested in 2013. That same year it was officially opened to customers. The exchange's listings are updated annually with the most popular cryptocurrencies. But the administration also does not shy away from legislative amendments prohibiting the anonymity of digital currency, which demonstrates the credibility of the site.

Kraken opens up a wide range of trading opportunities for speculators. Here you will discover that trading futures, indices and leverage can be much more comfortable and secure. You have at your disposal many tools, functions that optimize your analysis and metabolization processes:

  • 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 world's leading cryptocurrency exchanges. The project is headquartered in Seattle, in the United States. The daily exchange volume is around $20,000,000. The company was founded by Bill Shiharu, Richie Leigh, Rami Kawach and Ryan Gentz. Overall, the Bittrex exchange has a good reputation and has not experienced any hacking attempts. This is understandable as two of the business partners previously worked at Microsoft as security specialists.

Bittrex has several marketplaces that form cryptocurrency pairs. Here you can trade BTC, ETH, USDT, there are also USD pairs. The exchange offers a large number of Bitcoin pairs - including all major cryptocurrencies such as Bitcoin Cash, XRP, Litecoin, Ethereum. And also such promising virtual currencies as Chainlink, Tezos, Hedera Hashgraph.

Special attention should be paid to the appearance in the review of the Bitrix cryptocurrency exchange: the interface is very simple, but has significant differences from other exchanges. An important advantage is the convenience of working with the chart, as well as the presence 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) along with margin trading (leveraged trading). Now BitMEX is positioned as a cryptocurrency derivatives exchange and is the largest and most diversified in terms of number of derivatives.

Over the years, BitMEX has proven to be one of the most secure platforms: to date it has never been hacked by hackers.

BitMEX is an exchange for experienced traders and before you start trading for real it is better to practice on a demo account. Another feature of BitMEX is the fully responsive interface, which you can customize yourself: enable/disable windows, move them and change their size. The side panel is separately configurable: by clicking on 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 trading volume). The exchange has a large trading volume and a wide selection of cryptocurrencies.

Users trading on this exchange can use both digital and fiat funds. However, in most cases, it is the cryptocurrency that is used because there are no significant commissions to be paid for trading with it. When working with cryptocurrencies, commission costs are very small.

The management of the Bitfinex cryptocurrency exchange pays special attention to security. Therefore, several methods have been introduced to protect users' accounts.

The stock market has many orders. Trading in the stock market is much easier than others. There are many tools available that, if used correctly, will 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 quickly gained popularity among users. At the moment, the site operates in more than 200 states. You can use at least 100 fiat currencies to trade bitcoins. To start using the possibilities of the platform, you need to register.

LocalBitcoins is a decentralized exchange that connects the buyer and seller of bitcoins. A feature of the exchange is the possibility to buy bitcoins offline, for this purpose offers are selected that are as close as possible to you geographically.

When working with the platform, it is important to realize that you are trading with a counterparty directly and not through an exchange, so you should always analyze your profile in terms of good reviews, number of transactions, date of account registration, number of people who have blocked a trader and, on the contrary, added him to a whitelist:

  • 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 the standards of the cryptocurrency industry. It opened its doors 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 coin exchange volume.

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

The downside of the exchange is the lack of a mobile application, although there is a mobile version of the website:

  • 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

It is a very young exchange, but with support for most popular altcoins and good exchange rates, it has become popular since the fall of 2017. KuCoin exchange, though not yet among the leaders, but customers respond well to it. Behind it is a team with extensive experience in the cryptocurrency market. Already in the reviews, many people rate it as one of the best among competitors.

Registration on the KuCoin exchange does not differ too much from the registration process on other exchanges and regular websites (you can register via email and mobile number).

KuCoin Shares (KCS) tokens are the internal cryptocurrency of the KuCoin exchange, which can be purchased by all users registered on the exchange and receive passive income from it (KuCoin Shares cryptocurrency keeps increasing in value as the number of active traders on the exchange increases, who in turn acquire these tokens to reduce trading commissions) and a number of other bonuses and advantages (just like on the exchange, with internal tokens you can reduce the trading commission by a factor of 2 to 0.05% of your transaction):

  • 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). It is currently a popular trading platform and wallet for both experienced and novice cryptocurrency users. It allows you to store and trade more than thirty digital assets. At the moment, BitPanda's management is working with the most popular cryptocurrencies, adding coins to its list very, very carefully.

It is worth noting that BitPanda's management is working hard to improve its platform, so SegWit wallets have been introduced, which will significantly reduce the size of transaction fees on the Bitcoin network in the future.

Bitpanda focuses on two things: security and ease of use. The application is organized in an intuitive interface, minimal steps are required 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 lucrative digital currency purchases via bank cards and fast transactions. Coinmama is considered one of the most reliable digital currency sites, and its well-established positive reputation is not in doubt among experienced traders.

Although the platform is oriented to the international market, the interface of the official website is translated into English only. It should be noted that Coinmama is not an exchange known to traders in the classical sense. Unlike competitors, here users can buy and sell cryptocurrencies as if they were on an exchange, without using the usual terminal with order book, TradingView chart and other well-known features. In addition, there is no built-in wallet on the site, and clients' assets are transferred to the address provided. This approach is more secure, as clients' funds will not be affected in any way in case 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

The paxful cryptocurrency exchange is a peer-to-peer platform that mediates the buying and selling of bitcoin. Above all, Paxful attracts with its convenient and intuitive interface, as well as high speed of operations and transparent conditions of transactions. The company supports more than 300 payment methods, including gift cards.

The service is suitable for both experienced and novice operators. The advantage is that there are various guides and training materials available for beginner traders. Also on the website you will find the project's blog, which contains not only the latest news from the organization, but also useful and informative articles on financial topics, cryptocurrency news, as well as educational materials.

Coins are not allowed to be stored on the platform: they are immediately sent to the client's cryptocurrency wallet address.

  • 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

The HitBTC exchange is a beautifully designed multi-currency platform with an attractive rebate system for large traders.

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

Currently, HitBTC exchange supports a large number of cryptocurrencies and cryptocurrency pairs, which makes it popular among traders. The HitBTC community consists of users from more than 150 countries around the world. The service has a large number of subscribers 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 earn money by storing cryptocurrencies in your accounts, which is known as staking (like a deposit in banks). You hold a certain cryptocurrency for a period of time and receive dividends. In addition, exchanges have direct exchanges between P2P users, issuance of loans (credits), internal cryptocurrencies of the exchange (example: Binance BNB) issued for certain activities (promotions, contests) and others.

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