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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Which Currencies?
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Bitcoin | Bitcoin, Ethereum | Bitcoin, Ethereum, Litecoin | Bitcoin | Bitcoin, Ethereum, Ripple | Bitcoin | Bitcoin | Bitcoin, Etherum, Litecoin |
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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 | Trade Platform |
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Payment Methods
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Credit/Debit, Wire | Credit/Debit, WU | Credit/Debit, Wire | Wire, Credit | Wire, Credit/Debit, AstroPay | Wire, Credit/Debit See List | UK Bank Transfer | Cryptocurrency only |
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Fees
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Fees Start at 1% See Table | Credit Card Fees – 5% on Every Deposit WU Varies | 1% on Every Transaction | Free Advertiser fee is 1% per completed trade | Varies See List | Varies See List | Varies See List | 0.1% trading fee See list |
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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 | After 6 confirmations |
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Verification Needed
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Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
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Supported Countries
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30 Countries See List | Worldwide | 33 Countries See List | Worldwide | Worldwide | 150 Countries | 30+ Countries See List | Worldwide |
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Supported Currencies
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Euro, GBP | All Currencies | All Currencies | All Currencies | All Currencies | 30+ Currencies See List | GBP, EUR, PLN & USD | No Fiat Currencies |
| Register Now | Register Now | Register Now | Register Now | Register Now | Register Now | Register Now | Register Now |
Bear in mind the following security precautions:
- 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.
- 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).
Disclaimer: 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.