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Cryptocurrencies like bitcoins are slowly gaining popularity from investors from all over the world. And there is a good reason for it. Unlike the government’s inflationary policies, cryptocurrencies have proved to be a safer haven. Everything in the world of cryptocurrency moves fast. There are many people who are securing cryptocurrencies as short-term retirement funds, while the rest are engaged in short-term trading.

With several financial investors baking up this concept, cryptocurrency trading has generated a lot of attention in the past few years. Simultaneously, this brings the need for reliable cryptocurrency exchanges. For people who are new to this world, searching for the right exchange can be challenging. Therefore, below are the top five cryptocurrency exchanges that can meet the preferences of any newcomer:

  1. Coinbase

Coinbase is a cryptocurrency exchange with over $4 billion worth of cryptocurrency transaction performed on this platform. It is one of the largest exchanges in the world, with over 13 million users. Coinbase’s greatest strength is its unbreakable security, therefore making it the first safe choice for customers. 98% of the digital currencies are stored in cold storage, making it impossible for cyber attacks.

  1. Binance

Binance is a cryptocurrency exchange based out of China. It began live-trading in the year 2017 and offers its users access to robust security features, charts, and trading tools. Binance offers both Basic and Advanced exchange interfaces, thereby making it easy for newcomers to engage themselves in simple trade and access to more complex trading options like margin trading for experts. For security, Binance offers two-factor authentication and Google Authenticator to verify security modification and withdrawals.

  1. CoinMama

CoinMama is one of the most popular bitcoin exchanges in the world. It boats over 200,000 verified customers worldwide. It was created in 2013 and allows new and pro traders to transact seamlessly. It has a very user-friendly interface and allows unlimited purchases, therefore allowing its users to buy up to $5,000 worth of bitcoin every day. One con of this exchange is its average user support and high exchange rate.

  1. CEX.io

Formed in 2013, CEX.io has become one of the most recognized names in the world of cryptocurrency exchange. Based out of UK, this exchange provides both cloud mining and exchange services. Users can trade litecoins and bitcoins for fiat currencies like RUB, EUR, or USD. Users can also make withdrawals and deposits using their VISA or MasterCard credit cards. All the transactions go through a verification process before approval.

  1. Bitstamp

Bitstamp’s reliable and secure services towards their customers have made them into one of the popular bitcoin exchanges in the world. It was formed in 2011 and is currently based out of Luxembourg. Working together with Coinase, Bitstamp is well-connected to the cryptocurrency industry. The web interface is very clean and easy-to-understand. Even its security system has been applauded by users and offers a two-factor authentication and a password that needs to be changed every 90 days.

The above exchanges are some of the best cryptocurrency hubs today and allow you to trade digital money with no hassles. The differences are the supported countries, amount of supported coins, customer support, exchange fees, etc. But, when it comes to understanding and using the exchange and security, the above are some of the top-ranking exchanges today.