investment

A tale of two crypto exchange platforms

by Josh Biggs in Finance on 17th July 2019

Cryptocurrency is the new revolution in digital currency where different encryption techniques are used to trade. These techniques provide a platform for trade of different units of currency, verify transfer of funds, etc. Cryptocurrency exchanges are basically different websites which allow their users to buy, sell or exchange cryptocurrencies with other digital currencies. The users can also exchange cryptocurrencies with traditional currencies like euro or dollars.

Trading in different crypto exchange platforms is not a hard nut to crack for a layman. Anyone can start trading of crypto by creating a user id and password on the trading platforms. There are many crypto exchange platforms available for trading like Binance, Bittrex, Poloniex, Cyptopia, changelly etc. But people are mostly interested in getting to know more about major cryptocurrencies through a Binance vs Bittrex preview.

Binance

Binance is considered to be one of the largest exchanges which is based in Malta, Europe and was founded in 2007. The main reason behind its success is its very low fee. It is as low as 0.05% per trade. Its other main features include its availability in multiple languages like Chinese, English, Spanish, Korean, Russian, Japanese and French.

It supports multiple cryptocurrencies like Litecoin, Bitcoin or Ethereum. If you have any of these three cryptocurrencies, you can use Binance to convert any on these coins into any altcoin. Binance is very popular due to its low trade fees which makes it popular among both big and small traders.

Binance also offers cryptocurrency exchange app which is user-friendly and is considered as by far the best app for cryptocurrency trading. It is available in both iOS and Android. This well-designed app is available free for download on both iOS and Android. You will only need to create an account in the app to start trading. The Binance application is also available in a desktop version.

investThis is how Binance mobile app interface looks like

Binance cryptocurrency exchange is fast and secure and at the same time it is simple to use. It offers high performance with world-class matching engine which supports up to 1.4 million orders per second. It is stable as you can start it within a few minutes with the help of a guide to crypto trading.

Bittrex

Bittrex is also a popular cryptocurrency exchange and is regarded as one of the largest 10 cryptocurrency exchanges. Based in the United States, it was founded in 2014. Like Binance, Bittrex also supports multiple bunches of coins for trading that can be exchanged with others. However, Bittrex charges more fees, i.e. 0.25%, as compared to Binance.

Although Bittrex is expensive as compared to Binance but its rates are still very competitive therefore it generates good volumes in all categories like Bitcoin, darkcoin, nextcoin and Litecoin. Bittrex also offers Neucoin and Ethereum. Due to its high volumes, it is also considered as an ideal choice for both large and small traders.

Bittrex has recently launched new interface after using old design for three years.

This is how Bittrex Interface looks like

Bittrex is also known for its two-factor authentication security with multiple layers of protection. It prioritizes security and uses the most reliable and effective latest security technology. This is why Bittrex is considered as a secure, reliable and advance digital asset trading platform which is developed for international customers and built on Bittrex cutting edge technology.

Bittrex also offers international trading platform which provides innovative tokens and advance blockchain projects that could potentially transform the way goods, services and operations are managed globally.

It is hard to nominate a winner among the two cryptocurrency trading platforms. Both of them are far ahead of their peers when it comes to the provision of security, lower fee, multiple options, latest technology, and efficient privacy. This is why these two platforms are able to attract the maximum number of crypto traders from around the world.

 

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