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.