What makes a Bitcoin Currency Exchange perfect and makes the platform worth well we are considering 5 factors for a perfect Bitcoin exchange platform.
1.Privacy
2.Reliability
3.Fees
4.Trading Volume
LocalBitcoins
The Localbitcoins only acts as a middleman as it states the facts in its privacy policy the main motto of this platform is to make sure the transaction is taken place without any problems and the platform provides an easy interface to do the transactions it is impossible to trace the buyer making it the best platform for privacy and furthermore they don’t charge any fee at all but there are some limits of the trading volume on the website.
Kraken
The Kraken is considered as the most reputable cryptocurrency exchanges and also considered as the most secure crypto currency exchanges to this date but you need to complete the two steps of the verification process.
VirWox
VirWox requires its users to register on their website but when creating an account it asks for Email, First and Last name and nationality, VirWox assures its customers that it will keep the user data encrypted. It takes around 2.0% to 3.9% of Tax per transaction and limits you to transfer only 10,000 at most.
Paxful
Considering the fact that Paxful works similarly to LocalBitcoins, it is no wonder that their account creation and verification processes are relatively simple.Despite the fact that Paxful is a relatively new service, it has already gathered a decent sized community. A fee set by every individual seller which can go anywhere from 0% to 100%.
CEX.IO
As with most other centralized exchanges, CEX.IO requires its clients’ personal data in order to trade Bitcoin freely.Like with VirWoX, there is a distinct difference between “maker” and “taker” users. While no fee is required of “maker” users, “taker” users have to pay a varying percentage fee it has no certain trading volume set.
