Exchanges

 

Bitcoin currency exchanges work like banks. You deposit in the ‘fiat currencies’ (Pound Sterling for example) to your own account in the exchange. You then use these balances to trade with other users of the exchange and then you can withdraw. There is no risk of losing money due to people fulfilling their part of the deal as long as the exchange itself is not fraudulent.

 

Exchange Type
Trade Platform Broker Trade Platform / Broker Trade Platform Trade Platform Trade Platform / Broker Trade Platform / Broker
Payment Methods
Credit/Debit, Wire Credit/Debit, WU, MoneyGram Wire, Credit Wire, Credit/Debit, AstroPay Wire, Credit/Debit See List UK Bank Transfer
Fees
Fees Start at 1%
See Table
Credit Card Fees – 5% on Every Deposit WU and MoneyGram Varies 1% on Every Transaction Free Advertiser fee is 1% per completed trade Varies See List Varies See List Varies See List
Time to Bitcoin
After 4 Verifications On The Blockchain New Users Can Get Their Bitcoins within a few hours New Users Can Get Their Bitcoins Within 1 Hour 3-6 confirmations Info New Users Can Get Their Bitcoins within a few hours Immediate Immediate Info
Verification Needed
Yes No Yes Yes Yes Yes Yes
Supported Countries
30 Countries See List Worldwide 33 Countries See List Worldwide Worldwide 150 Countries 30+ Countries See List
Supported Currencies
Euro, GBP All Currencies All Currencies All Currencies All Currencies 30+ Currencies See List GBP, EUR, PLN & USD
Register Now Register Now Register Now Register Now Register Now Register Now Register Now

 

Exchange Type Payment Methods Fees Time to Bitcoin Verification Needed Supported Countries Supported Currencies
Trade Platform Credit/Debit, Wire Fees Start at 1%
See Table
After 4 Verification On The Block chain Yes 30 Countries See List Euro, GBP Register Now
Broker Credit/Debit, WU, MoneyGram  Credit Card Fees – 5% on Every Deposit WU and MoneyGram Varies New Users Can Get Their Bitcoins within a few hours No Worldwide All Currencies Register Now
Trade Platform / Broker 1% on Every Transaction New Users Can Get Their Bitcoins Within 1 Hour Yes 33 Countries See List All Currencies Register Now
Trade Platform Wire, Credit Free Advertiser fee is 1% per completed trade 3-6 confirmations Info Yes Worldwide All Currencies Register Now
Trade Platform Wire, Credit/Debit, AstroPay Varies See List New Users Can Get Their Bitcoins within a few hours Yes Worldwide All Currencies Register Now
Trade Platform / Broker Wire, Credit/Debit See List Varies See List Immediate Yes 150 Countries 30+ Currencies See List Register Now
Trade Platform / Broker UK Bank Transfer Varies See List Immediate Info Yes 30+ Countries See List GBP, EUR, PLN & USD Register Now

Bear in mind the following security precautions:

1. At this time, there is little in the way of law enforcement. No court has dealt directly with a significant theft of Bitcoins or determined Bitcoin’s legal status. Bitcoin users are for the most part, on their own.

2. In lieu of legal action and lack of community trust outside the Bitcoin system itself, your reputation is the platform for building trust relationships with others in the community. Traders will take very little risk with new users who have not proven themselves (as one user can easily commit continuous fraud using many different identities).

Dislaimer: Please take considerable measures to research and understand Bitcoin exchanges before you make serious trades.Remember it is your responsibility to choose your exchange platform carefully and avoid pitfalls.