Crypto Currency Exchange Getting Started Guide

A Cryptocurrency Exchange or Digital Currency Exchange is a business involving the exchange of cryptocurrency with other assets such as money or any other digital currency. It is a web service that provides electronic transactions in electronic form and charges fees in exchange for them.

Any transaction or operation for digital currency exchange can be done by debit and credit card, mail order or any other money transfer. This article discusses the different cryptocurrency exchanges that make cryptocurrency trading easier for beginners and what they offer in terms of usability, ease of use, security, deposit / withdrawal methods, and fees. We hope this cryptocurrency trading guide can help you get started with cryptocurrency exchanges.

Coinbase / GDAX

Coinbase is one of the largest cryptocurrency exchanges located in San Francisco, California. It is available in 32 countries and currently serves more than 10 million customers. Launched in 2012, it has an easy-to-use interface, which makes digital Currency Exchange an easy job for a non-technical person. It is also available for both iOS and Android. Unfortunately, Coinbas does not offer crypto currency mining for beginners and is just an exchange.

So far, it offers four currencies, Bitcoin, Bitcoin Cash, Ethereum and Litecoin. It exchanges digital currency with the US dollar, the euro and the big British Pound. With minimal transfer fees, Coinbas has never had a security breach, making it the perfect platform for digital currency exchange. In addition, Coinbas also offers a full advanced exchange called GDAX. It offers more advanced features than Coinbase and different and better trading fees.


Bitstamp is another platform that offers digital currency exchange. It’s fairly easy to use and offers more advanced features through TradeView. Bitstamp offers coins like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency with the US dollar and the euro. In this exchange you can put into practice all the latest techniques of cryptocurrency trading.

It offers flat deposits by bank transfer and accepts debit / credit cards. Perhaps the only drawback that can be found in Bitstamp is the slightly high fee and the fact that it has suffered a security breach in the last 7 years of operation. However, it is one of the most reliable exchanges. Available on both iOS and Android.


Gemini is a UK company that was launched in 2015 by the Winklevoss twins. It is available in a few countries, including the USA, Canada, Hong Kong, Singapore and South Korea. One of the downsides of this platform is that it is not particularly easy to use. Therefore, beginners are not recommended to use this platform.

It offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and US dollars. Gemini follows strict protocols when it comes to security and since 2018, it has not found a single security breach, making it one of the most secure and reliable digital currency platforms. However, it is important to have digital currency investment strategies before you start trading.

Digital ticks

Digital ticks are a modern cryptocurrency exchange that aims to be a game changer in this sector. They have implemented many of the latest techniques which makes it easy for anyone to start trading.

It has a unique feature called a single portfolio view that will allow traders to view all positions in a single portfolio. It would be easy for traders to make informed decisions about cryptocurrency exchange using this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.


Kraken is one of the oldest platforms for exchanging cryptocurrencies. Launched in 2011, kraken is the largest exchange in terms of volume and liquidity among euro-denominated trading pairs. It is valid worldwide including in the US.

Kraken offers several currencies including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. It also supports deposits / withdrawals via bank transfer and cryptocurrency. With a less user-friendly interface, it also suffers from stability and performance issues, but is still a good platform for cryptocurrency exchanges.


Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface and offers advanced features such as margin trading, margin financing, etc. Available for both iOS and Android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Like previous cryptocurrency exchanges, it allows withdrawals using US dollars and euros by bank transfer. Bitfinex suffered two security breaches, the first of which occurred in May 2015, resulting in a loss of $ 330,000. And the second resulted in a $ 72 million loss in August 2016.


EtherDelta is a decentralized exchange that directly supports peer to peer connection. It is very different from the cryptocurrency exchange platform discussed earlier. Here, the funds are stored in a smart contract on an Ethereum network, which you are solely responsible for depositing and withdrawing. Currently, EtherDelta only supports Ehtereum-based tokens.

EtherDelta has a fairly confusing interface, which makes it difficult for users to perform cryptocurrency exchange transactions. Once upon a time, someone tried to buy 750 Kyber for every 0.007 ETH, but eventually bought 0.007 KNC for 750 ETH.


After looking at the different cryptocurrency exchange platforms, we can safely say that Coinbase and Bitstamp stand out for their good features in terms of security, user interface, various withdrawal / transfer methods and much more.

I wouldn’t call it perfect, but I would recommend it as the safest bet you can make. Each cryptocurrency exchange platform is unique in its own way and has its advantages and disadvantages. All we have to do is choose the one that suits our needs. We hope that this guide to basic cryptocurrency exchange and trading will kick off your journey in Cryptocurrency trading.