Bitcoin is often called the “cash for the Internet,” and it is the world’s most popular digital currency.  A mysterious developer or team of developers known as Satoshi Nakamoto created Bitcoin in 2009. But, the coin had no value at the time of its inception. As the price of Bitcoin rose with time, it generated public interest in buying the world’s foremost digital currency. 

Bitcoin is the biggest cryptocurrency in the market. Previously, Bitcoin was used as a new form of money, and its creation and transactions were controlled by strong cryptography, rather than a central authority. 

Satoshi published the specifications of Bitcoin along with its proof of concept in a cryptography mailing list in 2009. Bitcoin transactions have no central authorities involved, and any of these transactions are not linked to or regulated by banks or other financial institutions. The total supply of Bitcoin is limited, and they can only be obtained naturally by a process called “mining.” 

Bitcoin miners need to solve difficult mathematical problems to mine Bitcoins. The network rewards them with 25 Bitcoins after successfully creating a new Bitcoin block. The record of every Bitcoin transaction is securely stored on a distributed public ledger known as the Blockchain network. These transactions are identified by the network using strings of numbers that ensure the integrity of the currency.

Currently, the market for digital currencies is packed with a wide variety of options. Hence, choosing the correct cryptocurrency exchange or trading platform might be a headache for both beginner and expert cryptocurrency traders. The first thing that anyone investing in Bitcoin should be aware of is the risks associated with trading Bitcoins. One should only invest as much money as they can afford to lose.

Following is an overview of the four most common cryptocurrency exchange platforms:

Binance is the most popular cryptocurrency exchange, primarily based in China. But, in September 2017, they moved their headquarters to Malta because of the ban on the Chinese government’s cryptocurrency trading. Binance is famous for its trading service between pairs of crypto rather than crypto-fiat pairs, which are more common.

There are various other features as well for which Binance has often been praised, such as a wide variety of supported coins, its low transaction fees, discounts on paying with native BNB crypto tokens, high liquidity, etc. 

Certain major cryptocurrencies supported by Binance are Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, LiteCoin, NEO, GAS, Zcash, Dash, Ripple and so on. Traders need to create an account on the Binance platform as a first step. After that, the process will be relatively simple and straight-forward, like filling out a form.

Coinbase is also one of the most popular, safe, and user-friendly cryptocurrency exchanges in the world. The platform functions as an intermediary in the crypto market and provides a system for traders to buy/sell various cryptocurrencies. Different exchanges offer different specialties, such as the different types of traded coins, fiat currency compatibility (i.e., USD, EUR, JPY, etc.), lower transaction fees, and lower processing times.

Being one of the most popular exchanges out there, Coinbase has made it easy and safe for its users to buy, sell, and hold cryptocurrency within the platform. The leading exchange has put a chain of security processes in place to ensure the safety of users’ funds and to prevent hacking and breach attempts.

Coinbase has one of the safest crypto wallets, and the platform has never been hacked, which is a matter of pride for the workers associated with the platform. But, traders should always store their coins on a private hardware wallet, rather than storing them on the exchange.

FreeBitco.in is an online legit Bitcoin faucet that provides users with up to $200 every day. With a user base of 37 million, FreeBitco.in is one of the most reliable Bitcoin faucets across the globe. Someone looking for free Bitcoins online, then FreeBitco.in, will be the most trusted one in the market currently. Existing users can get their Bitcoins doubled, and all the new users can generate their BTCs by playing simple Hi-Lo games in FreeBitco.in.

In FreeBitco.in, people log in and generate Bitcoin minimum amounts through solving captchas and rolling a simple dice. This makes the site one of the most popular Bitcoin faucets among the mass. Millions of daily active users call it the home for earning limitless free Bitcoins every day.

The site is loaded with fun features, such as the golden ticket, weekly lotteries, various referral and wagering contests, the provably fair HI-LO game, etc. Using these features, anyone interested in Bitcoins can try his luck by just playing simple games. Users of FreeBitco.in can also connect their friends and family members to FreeBitco.in, which can earn them additional BTCs every month.

Kraken exchange platform is headed by CEO and co-founder Jesse Powell and was established in 2011. However, the platform formally launched its trading processes in 2013. It provides users with the opportunity to trade with fiat currencies and easy transfers of money to and from the users’ linked bank accounts. Traders can also move their crypto coins easily to and from the digital wallets linked to the exchange.

Individual crypto enthusiasts, as well as big trading services, can use Kraken because the platform offers a feature-rich trading platform for everyone. Users get a variety of account types covering the requirements of all its traders and investors.

With features like advanced order structure and various trading tools, Kraken exchange made buying, selling, and margin trading more effortless. The platform also includes a huge variety of options for traders: stop-loss and profit-taking order types, leverage and margin-based trading, automated strategy trading, the big pool of cryptocurrencies to trade, etc. the exchange ranks amid the leading cryptocurrency exchanges.

Coinmama started its journey in the crypto market for simplifying the way of buying Bitcoins (BTC). Founded in 2013 by an entrepreneur called Asaph Schulman, the platform is serving more than 1,900,000 users throughout 190 countries and territories. Coinmama listed Bitcoin as well as seven different cryptocurrencies in its trading pairs, including major altcoins such as ETH, LTC, XRP, and so on. 

Traders of Coinmama can buy Bitcoin as well as other cryptocurrencies using a credit card, debit card, or a bank account. Based in the Slovak Republic, the exchange offers the best support for its users. The only obstacle in their crypto journey can be the high fees. Traders cannot avoid the fees when using a credit card, but considering the quick service, the cost sometimes seems worth it.

As a final point, we can easily sum up that the crypto exchanges mentioned above are the most popular exchanges that you can use to buy and sell Bitcoin. You are free to pick any of them based on your preferences and requirements, although the list will update as new exchanges are getting on board.