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Cryptocurrency-Exchange(s)
Coinbase and Binance might be the most well known Cryptoexchanges as per March 2018; As most people know: Cryptocurrencies can be traded through cryptocurrency exchanges. These cryptocurrency exchanges are platforms through...
...which you can purchase or sell digital currencies for dollars, euros, and pounds, as well as other digital assets. For example, you can sell bitcoins and purchase dollars with the sold bitcoins, or you could exchange bitcoins for ether. These exchanges are a vital part of the virtual currency expansion rate.
Upfront info / Live-Trading Volume on Cryptoexchanges (last 24 hours), please check this link:
https://coinmarketcap.com/exchanges/volume
Binance
Binance is a (much) newer exchange, it has a wide range of cryptocurrencies available to purchase and trade and has a basic and advanced view which one can switch between easily. Their fees are very reasonable and they allow you to register and trade in a pretty short time.
Binance used to be a popular Chinese cryptocurrency exchange (meanwhile there are discussion where the official HQ is re-situated / domiciled). While the company is still fairly new on the market, it has managed to gain a lot of popularity ALSO thanks to its its low trading fees and the relatively large available coins to be traded on their platform.
Purchasing the Binance coin itself (BNB) looks like an interesting investment for the future as the exchange plans to use their profits to buy back a portion of the coins every quarter and destroy them: hence decreasing the supply and making them more valuable for holders. But of course, as always (!) in the crypto-space: Highest Risk to lose your total investment.
They (binance-team) quote:
"Every quarter, "we" will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100 mn) back. All buy-back transactions will be announced on the blockchain. They eventually will destroy 100mn BNB, leaving 100mn BNB remaining.
Practical comment
Picking the ideal cryptocurrency exchange platform for your specific needs may be a difficult and time-consuming process. Remember to pay attention to the fees, reputation, security, verification processes, and geographical services an exchange platform has to offer. Remember that you are NOT LIMITED to using only one cryptocurrency exchange! So one should never put all ones eggs are in one basket, one says...
Disclaimer/Disclosure: Ralph Gollner hereby discloses that he directly owns Binance coins, as per 24th March 2018.
Disclaimer/Hinweis nach §34 WPHG zur Begründung möglicher Interessenkonflikte: Binance coins befinden sich aktuell im "Echt-Depot" von Mag. Ralph Gollner - per 24. März 2018.
links:
https://info.binance.com/en/currencies
