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.
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Exchange Type
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Trade Platform | Broker | Trade Platform / Broker | Trade Platform | Trade Platform | Trade Platform / Broker | Trade Platform / Broker |
Payment Methods
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Credit/Debit, Wire | Credit/Debit, WU, MoneyGram | Wire, Credit | Wire, Credit/Debit, AstroPay | Wire, Credit/Debit See List | UK Bank Transfer | |
Fees
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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
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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
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Yes | No | Yes | Yes | Yes | Yes | Yes |
Supported Countries
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30 Countries See List | Worldwide | 33 Countries See List | Worldwide | Worldwide | 150 Countries | 30+ Countries See List |
Supported Currencies
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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 | ||
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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 |
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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 |
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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 | |
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Trade Platform | Wire, Credit | Free Advertiser fee is 1% per completed trade | 3-6 confirmations Info | Yes | Worldwide | All Currencies | Register Now |
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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 |
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Trade Platform / Broker | Wire, Credit/Debit See List | Varies See List | Immediate | Yes | 150 Countries | 30+ Currencies See List | Register Now |
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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.