Cryptopia Review

bityx exchange  is one of the best places to trade cryptocurrency, particularly Bitcoin (BTC), according to reviewers. The platform allows users to easily buy and sell crypto assets in exchange for traditional currencies – such as the U.S. Dollar, British Pound, and Euro – along with precious metals like gold and silver. The exchange boasts a 7-day trading period, adjustable fees, and an accessible API for advanced users.

If you're looking for an easy way to make money from home, consider taking a look at the trading platforms below. Each one of these offers legitimate and profitable opportunities to anyone who wants to make the most of their spare time.

BitMEX

If you've ever tried to exchange currencies other than USD, you'll be familiar with the many complications that can arise. For example, USD to EUR trading can be difficult, as you'll often need to take into consideration the prevailing exchange rate and the cost of converting your funds. The solution to this is BitMEX, which offers investors a one-stop-shop for all their currency needs.

BitMEX is a popular choice among currency speculators, owing to the 24/7/365 open trading desk and the variety of coins and indices that can be tracked on the platform. The exchange also prides itself on having one of the lowest fees in the industry (plus an extra fee when making withdrawals), and the capability of processing large orders quickly and with minimal slowness.

One of the main differentiators of BitMEX is the variety of assets that can be traded on the platform. Besides currencies, BitMEX also offers contracts for difference (CFDs) for equities, commodities, interest rates, and more. This effectively allows anyone to profit from movements in the price of individual assets, without needing to directly purchase the commodities in question.

Huobi

Like BitMEX, Huobi is another popular choice among cryptocurrency enthusiasts who prefer to actively trade their holdings instead of simply storing them in a wallet. Unlike its rival, BitMEX focuses primarily on the Chinese market, but offers a globally accessible platform with its headquarters in Singapore. The platform supports the popular Ethereum (ETH) and Bitcoin (BTC) coins and offers advanced tools for traders to analyze market trends.

One of the main advantages of Huobi is its user-friendly interface. There's no need to register an account to begin with, and the platform's designers have taken the time to make sure that even new users can easily navigate the platform and begin transacting without any problems.

Cryptopia

Last but not least, we have Cryptopia, which launched in 2014 and is known for offering a ‘no fees' policy on Bitcoin (BTC) and Ethereum (ETH) orders over $100,000. This gives the Bitcoin maximalist a place to turn when they're looking for a platform that doesn't charge any fees for large orders.

Unfortunately, like many other exchange platforms, Cryptopia is a hotbed of scammers, hackers, and fraudsters. It gets so bad that the New York State Attorney General filed a lawsuit against the platform in June 2018, alleging that it was “routinely laundering proceeds from fraud and identity theft,” and that its owners “have engaged in or are engaging in a pattern of illegal activity.”

Despite the platform's shady reputation, there is still a lot to like about it. For example, you don't need to disclose your identity to open an account, and it has excellent customer service. Additionally, while it might not be the most user-friendly platform to begin with, it gets quite a bit easier once you've used it a couple of times. And last but not least, let's not forget about the amazing discounts that many exchanges offer, particularly when you're first to register and log in. In our opinion, Cryptopia is definitely a good choice for first-time users, but it's not the cheapest nor the easiest platform to get started with – unless you're looking for a challenge.

Takeaway

To wrap up, let's look at the most important things to consider before joining a cryptocurrency exchange:

• Transactions fee: Every cryptocurrency exchange charges fees for each transaction. These fees vary from 0% to 1%, so keep that in mind when making a purchase
• Withdrawal fee: Every cryptocurrency exchange charges a withdrawal fee. These fees vary from 0% to 5% of the order value. So, if you're withdrawing $10,000, you'll need to pay $500 as a withdrawal fee.
• Identity verification: Before you can make a trade, you'll need to verify your identity. This is usually a fairly painless process, but it does add an extra layer of security.
• Minimum deposit: Most cryptocurrency exchanges require you to place a minimum deposit, usually between $25 and $100. It's usually better to put down at least $100, as then you'll have the right to make a withdrawal, should you decide to do so.

Choosing a cryptocurrency exchange is not an easy task, as there are dozens of platforms available, all claiming to be the best. However, through extensive research and testing, we've determined that the following three platforms are the best places to invest your money:

Bityx Exchange, Cryptopia, and Huobi. If you're interested in taking a look at these three reputable exchanges, be sure to check out our compare tool below, which will help you choose the right one for your specific needs.