29.06.2020
How to Exchange Crypto
Cryptocurrency exchanges are websites where you can buy, sell, or exchange crypto for other digital currency or fiat currency such as the US dollar or the Euro. They can be categorised according to the service that they provide.
Firstly, there are Crypto-Crypto exchanges. These sites enable you to deposit, trade and withdraw digital tokens. An example of this type of exchange is Binance, the highest volume crypto exchange in the industry today, according to Coinmarketcap data.
Secondly, there are Fiat-Crypto Exchanges which accept USD, EUR and other fiat currencies and are the most popular type of exchange for exchanging fiat into virtual currencies without any hassle. Day trading is also popular on this kind of exchange. Coinbase for example, is considered as a leading crypto exchange to day trade where you can buy and sell the likes of Bitcoin and Ethereum whenever you need to.
The third way to trade in cryptos is via a traditional online cryptocurrency brokerage. These sites have a number of advantages. Firstly, they are regulated by financial authorities because they usually offer options on Forex and other assets like commodities. You can also make deposits using a variety of methods, making account opening a straightforward process. Finally, you do not need to buy the underlying asset i.e purchase the crypto. You can instead purchase a CFD, making getting involved in cryptos more accessible.
What to Look For
Whatever type of exchange you are considering, there are a few things that should be checked out beforehand. These include aspects such as reputation and trading fees which can differ substantially depending on the exchange used. You should also look into the payment methods to see if credit card/debit card payments and wire transfers are available on the exchange. Remember that purchasing cryptocurrencies with a credit card will, in accordance with KYC regulations, require identity verification and may come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take longer as time is needed by the banks to process the payment.
Which Crypto Exchanges is Best to Exchange Crypto?
There are a host of platforms to choose from and along with several other recognised names, B2BX is highly rated based on reviews and other criteria such as user-friendliness, accessibility, fees, and security.
B2BX Overview
B2BX is a cryptocurrency exchange that offers crypto-crypto and crypto-fiat trading pairs and is licensed by the Financial Intelligence Unit (FIU) of Estonia.
B2BX Exchange accepts individual and corporate clients, providing institutional grade liquidity, different order types, advanced API (WebSocket and REST), multiple options of fiat deposits & withdrawals with security options such as funds protection, 2FA and KYC – and the added benefit of low trading fees.
Deposit & Withdrawal Fees
B2BX does not charge a fee for cryptocurrency deposits. Fees for fiat financial transactions and for crypto withdrawals are displayed on the B2BX website.
Trading Fees
B2BX charges different fees for takers and makers. For takers, the fees are 0.28%, while makers pay 0.25%. This falls in line with the global industry average.
Payment methods
Those looking for a crypto exchange accepting USD will be pleased to learn that B2BX offers multiple fiat deposits & withdrawals methods, including bank transfers (SWIFT, SEPA, Faster Payments), credit cards and various payment providers such as Epay.
Security
Security is important to B2BX and in this respect, the platform is focused on all aspects of user safety at all times. B2BX stores funds in cold storage and offers 2FA (both SMS and Google Authenticator) for logins and financial operations, a whitelist for crypto withdrawals, and FaceID/TouchID in our mobile application.
Mobile App
B2BX offers a mobile application where users can monitor charts, order books, wallets, make deposits in crypto, have access to settings and monitor their balances and analyse charts quickly and easily.
How to Exchange Crypto
Cryptocurrency exchanges are websites where you can buy, sell, or exchange crypto for other digital currency or fiat currency such as the US dollar or the Euro. They can be categorised according to the service that they provide.
Firstly, there are Crypto-Crypto exchanges. These sites enable you to deposit, trade and withdraw digital tokens. An example of this type of exchange is Binance, the highest volume crypto exchange in the industry today, according to Coinmarketcap data.
Secondly, there are Fiat-Crypto Exchanges which accept USD, EUR and other fiat currencies and are the most popular type of exchange for exchanging fiat into virtual currencies without any hassle. Day trading is also popular on this kind of exchange. Coinbase for example, is considered as a leading crypto exchange to day trade where you can buy and sell the likes of Bitcoin and Ethereum whenever you need to.
The third way to trade in cryptos is via a traditional online cryptocurrency brokerage. These sites have a number of advantages. Firstly, they are regulated by financial authorities because they usually offer options on Forex and other assets like commodities. You can also make deposits using a variety of methods, making account opening a straightforward process. Finally, you do not need to buy the underlying asset i.e purchase the crypto. You can instead purchase a CFD, making getting involved in cryptos more accessible.
What to Look For
Whatever type of exchange you are considering, there are a few things that should be checked out beforehand. These include aspects such as reputation and trading fees which can differ substantially depending on the exchange used. You should also look into the payment methods to see if credit card/debit card payments and wire transfers are available on the exchange. Remember that purchasing cryptocurrencies with a credit card will, in accordance with KYC regulations, require identity verification and may come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take longer as time is needed by the banks to process the payment.
Which Crypto Exchanges is Best to Exchange Crypto?
There are a host of platforms to choose from and along with several other recognised names, B2BX is highly rated based on reviews and other criteria such as user-friendliness, accessibility, fees, and security.
B2BX Overview
B2BX is a cryptocurrency exchange that offers crypto-crypto and crypto-fiat trading pairs and is licensed by the Financial Intelligence Unit (FIU) of Estonia.
B2BX Exchange accepts individual and corporate clients, providing institutional grade liquidity, different order types, advanced API (WebSocket and REST), multiple options of fiat deposits & withdrawals with security options such as funds protection, 2FA and KYC – and the added benefit of low trading fees.
Deposit & Withdrawal Fees
B2BX does not charge a fee for cryptocurrency deposits. Fees for fiat financial transactions and for crypto withdrawals are displayed on the B2BX website.
Trading Fees
B2BX charges different fees for takers and makers. For takers, the fees are 0.28%, while makers pay 0.25%. This falls in line with the global industry average.
Payment methods
Those looking for a crypto exchange accepting USD will be pleased to learn that B2BX offers multiple fiat deposits & withdrawals methods, including bank transfers (SWIFT, SEPA, Faster Payments), credit cards and various payment providers such as Epay.
Security
Security is important to B2BX and in this respect, the platform is focused on all aspects of user safety at all times. B2BX stores funds in cold storage and offers 2FA (both SMS and Google Authenticator) for logins and financial operations, a whitelist for crypto withdrawals, and FaceID/TouchID in our mobile application.
Mobile App
B2BX offers a mobile application where users can monitor charts, order books, wallets, make deposits in crypto, have access to settings and monitor their balances and analyse charts quickly and easily.