February 20, 2020
Cryptocurrency Exchanges are the platforms where one can easily buy, sell or trade Cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. An exchange verifies the ID to open an account enabling an individual to trade professionally and have an access to fancy trading tools.
Types of Exchanges
Trading Platforms – Here the fee is charged for every transaction and buyers and sellers are well-connected on these websites.
Brokers – Cryptocurrency brokers who plays a similar role to those of foreign exchange dealers sets a price for anyone to buy Cryptocurrencies from here by simply visiting the websites.
Direct Trading – Direct person to person trading is offered where individuals from different countries can exchange currency. These are the places where each seller sets the exchange rate individually as there is no fixed market price on these platforms.
Here is an overview of a few Top Crypto Exchanges:
Huobi: This exchange is located in San Francisco, and is operated by HBUS Holdco, Inc. (“HBUS”), which is a U.S. company and strategic partner of Huobi Global, which stands out as one of the world’s largest digital asset trading and management service providers. Huobi offers a bunch of token trading options with over 50 pairings. They offer their customers 24/7 free customer support.
Bilaxy: This Crypto Asset Trading Platform is based in The Republic of Seychelles. Bilaxy supports 133 currencies and 150 trading pairs. The exchange claims to have hundreds of thousands of traders from more than 80 countries all over the world.
Binance: Ranked as one of the most popular cryptocurrency exchanges worldwide, Binance is one of the best options as they provide its traders with impressive offerings with an extremely low trading fee. BNB (Binance coin) is their own coin offering to the traders in the market. As it is a centralized exchange, one can get decent discounts while conducting trade with their tokens.
Kraken: It is the largest Bitcoin exchange in euro volume and liquidity and is a partner in the first cryptocurrency bank. It was found in 2011. The trade between Bitcoins and euros, US Dollars, Canadian Dollars, British Pounds and Japanese Yen is allowed here. For more experienced traders, it is a great choice.
Folgory: It is a brand of HashFort OÜ Estonia Company-licensed for CryptoWallet and exchange allowing the crypto-to-crypto and crypto-to-fiat (USD, EUR, GBP) exchange. It's home for the Folgory (FLG) token that holders can use to launch a token on the Folgory Blockchain.
The security measures taken by these crypto exchanges is good enough to resist the violation efforts from the hackers like two-factor authentication, password strength, captcha, anti-phishing code, and more. Another factor defining the reliability of the above-mentioned exchanges are Transparency.
Though JD Coin is a new entrant in the world of Crypto, it is already listed on a few of the top four exchanges namely CoinsBit, Bilaxy, FatBTC, and Folgory and paving its way through the top cryptocurrencies.
JD Coin aims to be listed on many more competitive and top exchanges to be a powerful medium for traders for them to make an informed decision for themselves. In the crypto space, JD Coin understands the concerns of every trader and is ready to address the needs of modern traders. JDC recommends its users to know the best exchanges for themselves and be a smart trader by making informed decisions.