There is hardly anybody who doesn’t know the Bitcoin anymore. The crypto currency has developed in recent years from an insider tip to a quick-witted alternative and today forms the basis for many interesting business models. The Bitcoin Exchanges for example concern themselves with the trade and exchange of the Bitcoins and real Fiat currencies. Due to the enormous safety precautions the offers can be called nearly all thereby safe.
Besonders convinced could us the offerer Binance!
Beside the enormous security play in the evaluation of the Bitcoin Exchanges in addition, naturally still different points of criticism an important role. The competition on the market is meanwhile enormously large and thus each Portfolio should be taken best individually under the magnifying glass. This is exactly what we have done, so that in the following we could compile a list of trustworthy and strong Bitcoin Exchanges.
On this page we do not only want to take a closer look at the different providers, but also at what is behind them. In general, it can be said that a comparison of the providers at a glance shows where registration is really worthwhile and which portfolio should be better avoided. In addition, we also took a detailed look at the crypto currency and collected all important information. What do I have to consider when buying Bitcoin, what are the requirements to trade Bitcoin and how can fraud and rip-offs be avoided?
Bitcoin Exchanges: Is the Bitcoin as payment method safe?
Find Bitcoin Exchanges
In order to discover good Bitcoin Exchanges, the reliability, the trade offer and the additional features should be checked.
There is no doubt that the Bitcoin can be described as an absolutely secure payment method. For example, a blockchain technology is used here that manages and stores all payment transactions in a decentralized manner. Thus the payments are forgery-proof and fraud-proof, since all flows can still be traced exactly afterwards. Almost as if every person would write their name on the banknotes they held in their hands. So it is always possible to clearly understand where the money comes from and for whom it is intended. In addition, the Bitcoin Exchanges also protect their users in other ways.
If you want to make a deposit or access your user account, you must “identify” yourself with your login and another security key. This two-factor authentication is the absolute standard and provides further protection. But that’s not all, because the well-known SSL encryption is also used for the portals. In this context, it is also worth mentioning that Bitcoin payments can be made without entering private bank or credit card information. In short: much more security is actually not possible. If there are fees for the players?
If there are fees for the players?
Whether a provider charges fees for the processing of deposits and withdrawals is left to him, of course. The best Bitcoin Exchanges, however, waive the transaction fees and thus secure additional plus points for their users. If an offerer should insist nevertheless on fees, then these can be discovered in the cash range or even in other ranges on the web page. Transparency is therefore in the foreground here and “nasty surprises” in the form of unforeseen fees are bypassed.
Payments: This is how they are processed
In general, it can be said that deposits with the Bitcoin are extremely simple and even newcomers should have no problems at all. In contrast to a bank transfer or credit card payment, no complicated numbers or IBANs have to be entered here. Instead, the payment is made only via a short address. But first of all you need your own user account at one of the Bitcoin Exchanges in Germany. In almost all cases, registration is extremely quick and can always be carried out without additional costs.
Finally, the payment section of the platform is accessed where the required wallet address of the provider can be found. This is important and must now be entered in the Bitcoin wallet as the recipient address. Once this has been done, the payment can be made and the amount lands on the trading account of the platform within a few moments. By the way: On some platforms it is possible that FIAT currencies may be deposited in addition to the crypto currencies. In this case, the payments are normally made by credit card or SEPA transfer.
Overview of the pros and cons
A look at the advantages of Bitcoin payments reveals some good arguments for taking a closer look at this option. On the one hand, there is the enormous speed of payments. All deposits and withdrawals land within shortest time in the own Wallet and can be used immediately. Unnecessary waiting times of several working days or the like are eliminated. In addition, all payers can take advantage of the enormous security of the coin. Thanks to blockchain technology, payments are processed at all times in a forgery-proof manner, and transactions can also be processed without the need to enter sensitive payment information. In terms of speed and security, the crypto currencies are therefore a good step ahead.
Notwithstanding, we do not want to conceal the fact that there is at least one minor disadvantage. Before you can even pay with the currency, you have to set up your own wallet. Fortunately, this process is also easy, but nevertheless it could be perceived as disturbing by one or the other. If you don’t want to open a Bitcoin Wallet, you can use regular trading options and for example trade with Binary Options Brokers .
Playouts with the Bitcoin
An important argument for the use is also the fact that not only deposits, but also payouts can be carried out with the corresponding wallet. Of course, the checkout area of the Bitcoin Exchanges has to be accessed again for this purpose, but this time the path should lead to the disbursement sector. Here, the payouts are then simply ordered again with the help of the wallet address and then carried out immediately. There is no waiting time, every user can immediately access his amounts. It is important to note, however, that many Bitcoin Exchanges require verification from their users, which often has to be carried out before the first deposit is made. A copy of the identity card, passport or other official document is then required.
The Bitcoin was published in 2009 and is called the so-called crypto currency. This is a digital currency and a digital system with which payments are managed on a decentralised basis. Users are therefore not dependent on financial institutions, but can make payments without the control of banks or the like. A big advantage of the coin is the forgery protection, because all transactions can be traced exactly at any time. It is therefore no big surprise that the value of the Bitcoin has risen rapidly in recent years and that more and more areas have discovered the coin for themselves. Nowadays the coin is available for trading, but can also be used for use in casinos or by Bitcoin bookmakers. In addition, there are numerous Bitcoin lotteries and even regular online shops accept the electronic coin.
Conclusion: The selection of Bitcoin Exchanges is large
At a check of the industry, it quickly becomes apparent that there are now numerous Bitcoin Exchanges on the market. Most of them can be described as strong in the Bitcoin trade comparison, but by no means all of them. We have taken a close look at the best platforms without fraud and rip-off and subjected them to a tough test.
So we can not only recommend a first-class selection of reliable platforms, but also point out their professionalism and seriousness at the same time. A use of the offers can be described as absolutely safe, particularly since a majority of the providers can already present a license of a regulatory authority. In order to be awarded as the best Bitcoin Exchange platform, however, the providers must be convincing above all in the overall package.