Major cryptocurrency exchanges Pakistan 2021
          

The emergence of a new class of financial assets - cryptocurrencies - has led to the creation of means to exchange and buy/sell digital money, 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 widespread adoption of blockchain technology forced the world to look at the cryptocurrency industry differently. This served as a powerful impetus for the creation and development of new virtual currency exchanges.

When choosing from a wide variety, users look for the best cryptocurrency exchange, and many factors are evaluated. 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 description of the sites that are sought for working with this type of assets.

Coinbase

Coinbase is a popular US exchange. It was launched in the summer of 2012, when few people knew about cryptocurrencies and the price of bitcoin was just $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 deservedly ranks among the 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 the USDC stablecoin. Fiat currencies can also be traded on the exchange: the US dollar, the euro and the British pound.

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

The company confesses that it works exclusively in the legal field and is already licensed to work in most American states, including New York:

  • 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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 exchange supports multiple languages. Binance is a digital asset exchange service. Basically, it is an online platform that allows people to buy cryptocurrencies with bitcoins.

Learning how to trade on Binance will help you understand the cryptocurrency game and give you the ability to trade almost any currency that exists in the market.

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

Moreover, unlike other exchanges, Binance offers the possibility to buy and sell a truly staggering 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, understanding the growth prospects of digital currency and the rapid development of blockchain technology, set out to develop a platform for geographically and financially unlimited money transfers. And he succeeded! The crypto-exchange is tailored to corporate clients of all sizes and individual speculators of various levels.

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

Kraken opens up extensive trading opportunities for speculators. Here you will discover that trading futures, indices and leverage effects can be much more comfortable and secure. You have at your disposal numerous tools, functions that optimize the process of analysis and calculation:

  • 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

Bittrex, founded in 2014, is one of the best cryptocurrency exchanges in the world. It is headquartered in Seattle, in the United States. The daily trading volume is around $20,000,000. The company was founded by Bill Shiharu, Richie Leigh, Rami Kawach and Ryan Gentz. The Bittrex exchange has a generally good reputation and has not yet suffered any hacking attempts. This is understandable, as two business partners used to work as security professionals at Microsoft.

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

Special attention should be paid to the appearance in the review of Bitrix Cryptoexchange: the interface is very simple, but has significant differences from other exchanges. An important advantage is the ease of working with the board, and 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 crypto traders, which allows you to buy and sell cryptocurrency contracts (not the coins themselves), combined with margin trading (leveraged trading). BitMEX is now positioned as a cryptocurrency derivatives exchange, and is the largest and most diversified in terms of the number of derivatives.

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

BitMEX is an exchange for experienced traders, and before starting real trading it is better to practice on a demo account. Another feature of BitMEX is a fully responsive interface that you can customize: 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 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 is the currency pair BTC - USD (more than half of the trading volume). The exchange has a large trading volume and a wide variety of cryptocurrencies.

Users trading on this exchange can use both digital money and fiat money. However, in most cases it is the cryptocurrency that is used, as there are no significant fees to be paid for transactions with it. When it comes to cryptocurrencies, the commissions are very small.

The Bitfinex cryptocurrency exchange administration pays special attention to security. In this regard, several methods have been introduced to protect users' accounts.

The stock market has many orders. Trading the stock market is much easier than any other stock market. 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, and in that time it has quickly become popular among users. Currently, the site is active in more than 200 states. You can use at least 100 fiat dollars to exchange Bitcoins. To start using the functions of the platform, you need to register.

LocalBitcoins is a decentralized peer-to-peer exchange that matches a buyer and seller of bitcoins. A feature of the exchange is the ability to buy bitcoin offline, selecting offers that are geographically as close to you as possible.

When working with a platform, it is important to realize that you are trading directly with a counterparty, not through the exchange, so always analyze your profile to see if you have good ratings, the number of transactions, the date of registration of the account, the number of people the trader has blocked and, conversely, added to the 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 was launched in January 2014 and is still in operation. Poloniex offers access to a wide variety of altcoins. It is one of the largest exchanges in terms of daily volume of bitcoin traded.

There are 4 types of markets traded on the exchange: 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. It is easy and convenient to do business on Poloniex. An order is created in 3 clicks.

The disadvantage of the fair 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 by supporting the most popular altcoins and good exchange rates, it has become popular since the fall of 2017. Although KuCoin exchange is still not among the best, its customers are responding well. It is backed by a team with extensive experience in the cryptocurrency market. Already in reviews, many consider it one of the best among competitors.

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

KuCoin Shares (KCS) tokens are the internal cryptocurrency of the KuCoin exchange, which can be purchased by any user registered on the exchange and receive passive income from it (KuCoin Shares cryptocurrency constantly increases in value as the number of active traders on this exchange increases, who in turn acquire these tokens to reduce trading commissions) and a number of other bonuses and benefits (as in the exchange, internal tokens can be used to reduce the trading commission by 2 times up to 0.05% of the 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 cryptocurrency users and newbies. It allows you to store and exchange more than thirty digital assets. Currently, BitPanda's management is building with the most popular cryptocurrencies, and is carefully adding coins to its list.

It is worth noting that BitPanda's management is working hard to improve its platform, for example, SegWit wallets were introduced, which in the future will significantly reduce the size 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 number of user actions 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 a lucrative purchase of digital currencies using a bank card and fast transactions. Coinmama is considered one of the most reliable services for digital currencies, and its established positive reputation is unquestionable among experienced traders.

Although the platform is oriented to the international market, the interface of the official website has been translated into English only. It should be noted that Coinmama is not an exchange that traders are familiar with in the classic sense of the word. Unlike its competitors, here users can buy and sell cryptocurrencies like on an exchange, without using the usual terminal with order book, TradingView chart and other familiar features. There is also no integrated wallet on the site, and clients' funds are transferred to the address provided. This approach is more secure, as clients' funds are not 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 between buyers and sellers of bitcoins. Paxful attracts mainly with a convenient and intuitive interface, as well as high speed of operations and transparent transaction conditions. The company supports more than 300 payment methods, including gift cards.

The service is suitable for both experienced operators and beginners. The advantage is that it provides all kinds of guides and training materials for beginner traders. In addition, on the service page, 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 issues, cryptocurrency news and educational materials.

Storing coins on the platform is unacceptable: they are immediately sent to the client's crypto-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 open his first cryptocurrency company. 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 audience 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 will make it possible not only to trade, but also to earn money by storing cryptocurrencies in your accounts, which is called staking (like a deposit in banks). You hold a certain cryptocurrency for a period of time and receive dividends. In addition, exchanges have a direct exchange between users P2P, issuing loans (credits), internal cryptocurrency of the exchange (example: Binance BNB) issued for certain activities (promotions, contests) and more.

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