Bitcoin’s popularity has skyrocketed in recent years. There are many different bitcoin platforms to choose from, all of which offer something unique. In the world of digital currency, the world is your platform. Since the development and growth of bitcoin and blockchain, there have been many platforms that support the transactions, deposits, and withdrawals of bitcoins.
This is a quick and concise list of the top bitcoin platforms that are industry leaders that have been around for years.
Table of Contents
1) Coinbase:-
Coinbase is the world’s largest bitcoin brokerage, wallet, and bitcoin exchange. Coinbase was founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase, one of the most popular platforms for exchanging cryptocurrencies, has some exciting features you might be interested in. They offer a safe and secure way to buy, sell, and store cryptocurrency.
Coinbase, a USD-Pegged Digital Currency Exchange, is a significant partner in a rapidly growing industry. A new partnership with Microsoft has been announced to help accelerate their global thrust into the digital currency exchange market. It offers several ways to purchase bitcoin from your desktop or mobile device, including credit card, debit card, bank transfer, SEPA transfer with low fees.
Pros:-
- For first-time users, it is easily accessible.
- It offers several ways to purchase bitcoin from your desktop or mobile.
- Low fees.
- It doesn’t require any verification for Bitcoin wallets.
- FCA licensed.
Cons:-
- Limited cryptocurrencies are supported.
- Shares user data with tax authorities.
2) CoinCorner:-
CoinCorner was founded in 2014 by Ira Miller and Liam Robertson. It went live on 14th February 2015 and has been operational since. CoinCorner is an online bitcoin platform, which provides a range of services to cryptocurrency traders. The company also offers its customers a secured wallet for their cryptocurrencies with an easy-to-use interface and an additional layer of security. The wallet also has cold storage where private keys are generated offline for maximum protection against hackers.
The company provides a range of services to cryptocurrency traders, such as buying and selling bitcoins, lite coins, and others, doing instant transfers.
Pros:-
- Easy-to-use.
- High security.
- Low fees.
Cons:-
- Time-consuming registration process.
- Limited Coverage.
3) BitPanda:-
The platform was founded in October 2014 by Eric Demuth, Paul Klanschek, and Christian Trummer. BitPanda, which has been active in Bitcoin since 2012, makes Bitcoin more accessible to the general public. In December 2016, BitPanda became a subsidiary company of the Vienna-based financial institution Bitcoin Group SE.
BitPanda users can buy bitcoin with a credit card or bank transfer and other cryptocurrencies such as Ethereum, Litecoin, and Ripple. In the future, Bitpanda will have expansion plans. They plan to expand into more markets and introduce new features such as a cryptocurrency exchange and an online wallet.
Pros:-
- Easy-to-use.
- Responsive customer service team.
- Various withdrawal and payment methods are available.
- High liquidity.
Cons:-
- High fees compared to others.
- Requirement of verification for withdrawals.
- The website doesn’t have a live chat option.
4) Coinmama:-
Coinmama was founded in 2013 to provide people from around the globe with a simple solution to buy and sell Bitcoins. They make it easy for people who can’t find a bank near them to purchase bitcoins to start trading on a global scale.
Coinmama offers an open API for developers and businesses to build applications on top of Coinmama’s services. It presents itself as a bitcoin platform that makes it easy to buy and trade and supports different countries. They allow their customers to purchase bitcoins with debit cards, credit cards, bank transfers, and even cash deposits.
Coinmama’s mission is to provide fast and secure transactions for new users who want to enter the crypto world while at the same time allowing experienced traders to make large purchases without any hassle.
Pros:-
- User friendly.
- Responsive customer team.
- Quick verification process.
- For transactions made with a debit card, crypto is sent instantly.
Cons:-
- High fees.
- Bitcoin is the only cryptocurrency that may be sold.
5) BC Bitcoin:-
BC Bitcoin has been operating in the market since 2014, and it has gained popularity by providing reliable services to its clients. One of BC Bitcoin’s main features is that it offers bitcoin exchange services without requiring identity verification. The platform also offers other online payment solutions, such as Ripple XRP, Ethereum, Litecoin, and Dash.
By leveraging blockchain technology, BC Bitcoin offers high-security trading operations for its users. BC Bitcoin is the first bitcoin platform in the world that provides a complete solution for Bitcoin users. The company provides Bitcoin-related services, including bitcoin exchange, OTC trading desk, mining pool, and bitcoin wallet. The company also has offices in Canada and United Kingdom. BC Bitcoin serves customers around the world.
Pros:-
- User friendly.
- High security.
- Experienced traders.
- Coin swap.
Cons:-
- To buy crypto using BC Bitcoin, users must first create an external wallet.
- A limited number of cryptocurrencies are available for direct purchase on the exchange.
6) Binance:-
Changpeng Zhao founded Binance in 2017. Zhao realized that bitcoin was too tricky for most people to purchase since they would have to buy them through an intermediary like Coinbase and transfer them to their wallet. With Binance, users can exchange bitcoin and other cryptocurrencies without any special knowledge or experience. It is a cryptocurrency exchange that offers to trade for major coins like Bitcoin, Ethereum, Litecoin, and more. Binance has its token called the BNB token. This token can reduce trading fees on the platform and can also be used to pay for any service offered by the company, like listing fees, coin listing fees, and more.
Pros:-
- High liquidity.
- Responsive customer team.
- Discount on trading fees by using Binance Coin (BNB).
- Binance has a vast number of cryptocurrencies on its platform and is constantly adding new assets that are in high demand.
Cons:-
- Occasionally tokens
- Binance is unregulated and may be examined by authorities in the future.
7) LocalBitcoins:-
LocalBitcoins is a peer-to-peer bitcoin trading platform that connects users who want to buy and sell bitcoins online. It was founded in 2012 by a Finnish company called LocalBitcoins. The company is headquartered in Finland, and it has offices in eight countries around the world, including the United Kingdom. It’s important to note that LocalBitcoins is not just an online bitcoin trading platform. Instead, it’s also one of the most popular ways to purchase bitcoins with cash.
Users may create an offer to buy or sell bitcoins anonymously without registering an account with LocalBitcoins. LocalBitcoins charges transaction fees for each trade completed on their platform, but they are competitive with other platforms like Coinbase or Bitstamp, which usually charge higher.
Pros:-
- Easy to navigate.
- It allows buyers and sellers to use several fiat payment methods.
- Low fees.
- Responsive customer team.
Cons:-
- If users choose to play outside the flock or with the highest-rated vendors on the platform, they risk falling prey to untrustworthy dealers.
8) EXMO:-
EXMO was founded in 2013 and offered its services to customers across the world. The company gained popularity in the UK following the Brexit vote. There are plenty of cryptocurrency exchanges on the market, but Exmo’s focus on security makes it stand out from the crowd. It uses two-factor authentication, which identifies users by email or mobile phone number before logging in. It also offers cold storage for offline storage of user funds.
Pros:-
- EXMO, the native token, is used to gain incentives and pay trade costs.
- Quick coin swap.
- Allows a variety of payment methods, including bank transfers and cryptocurrency transactions.
Cons:-
- The website does not include a LiveChat option for getting immediate assistance.
- Clients in the United States are unable to use the platform.
- Some of the exchange’s trading pairings have insufficient liquidity.
9) Swap Zone:-
The Swapzone company was founded by a group of young entrepreneurs from the UK. The team wanted to create a platform to exchange bitcoin for other digital currencies and vice versa. The company was founded in 2013, and it is headquartered in London, UK. It provides users with a secure and straightforward way of exchanging bitcoins for other digital currencies without bank account details or personal information.
Swapzone also offers different features such as escrow services for those who want protection against fraud and instant exchange services for those who want to minimize wait time. Users can be assured that their funds are safe because each transaction has an escrow period of 48 hours. This means that the money remains in the user’s account until after the transaction is complete, and both parties agree the buyer should receive the purchased coins or currency at this point.
Pros:-
- 24/7 live chat.
- Free to use.
- No registration is required.
- No paid membership.
Cons:-
- Without the team’s continued expansion and compatibility updates, the platform’s future is questionable.
- Only if your currency is listed on the partners’ services can you list it on the exchange.
- Exchange rates acquired from different service providers;
10) CoinJar:-
Coinjar is one of the first and most well-known bitcoin platforms in the UK. It offers a range of services for bitcoin users, such as buying and selling, merchant services, ATMs, and wallets. It was founded in 2013 by Asher Tan with the mission to simplify the use of digital currencies like Bitcoin in everyday life. Under his leadership, CoinJar created Australia’s first digital currency company to offer its users an easy-to-use wallet system that can be accessed on any device.
The company also offers a range of other services related to the cryptocurrency industry, including being an online wallet provider for bitcoin and other digital assets, providing an exchange for bitcoin trading, remittance service through peer-to-peer transfers, and so on.
Pros:-
- Available on Android and iOS.
- Easy to navigate.
- Responsive customer team.
- Low fees,
Cons:-
- Only a few coins are supported.
- Card purchases are not possible on the platform.
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