Bitcoin is the oldest, biggest crypto currency out there. It has the largest market cap, and it is one of the most heavily traded crypto currencies. However, not all trading platforms let you trade in crypto currencies. Complicating matters, not every crypto currency trading platform is legitimate, and a number of legitimate ones charge excessive fees. Here’s a list of the top 5 Bitcoin futures trading platforms, where you can trade Bitcoin without worrying about losing your money or paying too much per trade.
Binance
Binance roared up the rankings since it opened in 2017 to hit the top ten list, and it has continued to grow since then. Binance is now one of the biggest Bitcoin trading sites both in volume and dollar amount. A point in favor of this site is the sheer number of alternative crypto currencies listed on the site. Their low transaction costs and secure site make it attractive to those who want to trade Bitcoin and dozens of altcoins.
Bittrex
Bittrex has been around since 2014. It is an American company that meets strict U.S. financial regulations. It features a clean, easy to use interface that is popular with beginners and experienced traders alike. Security is tight. Furthermore, because they’re based in the United States, they’re heavily regulated and supervised. You know they aren’t going to take your money and run, and if a software glitch costs you your crypto currency, the FTC and FEC are there to help. Another benefit of this site is the advanced trading tools and reports that are at your disposal. Bittrex is notable for allowing you to trade on margin. Almost no other major legitimate platform allows this.
Poloniex
Poloniex is notable for the sheer variety of trades you can make with the site. For example, it supports stop-limit orders. You can bring up candlestick reports with 5 minute, 30 minute. two hour and four hour intervals. Another point in its favor is that you can deposit almost any alternative crypto currency into the account and convert it to Bitcoin.
Coinbase
Coinbase is one of the oldest and largest crypto currency trading platforms. They limit transactions to Bitcoin, Litecoin, and Ethereum. Conversely, it is easy to turn dollars or other fiat currencies into Bitcoin using this site. They’ll let you buy Bitcoin with bank transfers, debit cards and credit cards. You will pay a fee for using a credit card in addition to the normal transaction fee. You can even set up recurring buys to take advantage of dollar cost averaging. The relatively easy to use site is excellent for beginners. They allow you to store funds in a vault with delayed withdrawals to prevent someone from using your credentials to drain your account. The downside of this Bitcoin trading site is that it is only allowed to operate in certain countries, though the Silicon Valley firm is open to American clients.
Bitfinex
Bitfinex is one of the top 10 Bitcoin trading sites in the world. This site is aimed at more experienced Bitcoin traders. It offers a wide selection of crypto currencies, trading options and trading pairings. They allow you to make deposits in a variety of fiat currencies. It is also available worldwide. However, you don’t have to worry about it being a scam. It has been up and running since 2012. The only concern is the hacks they’ve suffered in the past, though they’ve increased their security measures since then.
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