If you decide to become a professional speculator and make money on the difference between buying and selling any goods, then first it would be nice to find out what an exchange is and determine which exchange is best for trading.

The exchange is a legal entity, a commercial enterprise that acts as an intermediary in purchasing and selling transactions. In essence, it is an organized market, which has its own governing bodies, Memorandum of Association and trading rules.

The main tasks of a modern exchange:

Provide potential buyers and sellers with information about current and future prices for goods, observing the conditions of price transparency;

Regulate the same rules of purchase and sale for all participants;

Act as a guarantor of the integrity of transactions between buyers and sellers.

The formation of stock prices is influenced by many conditions: yield, political situation, state of the world economy, sudden news, etc. One of the postulates of stock trading extinguishes: “The price takes everything into account.” Currently, in any corner of the globe, when setting prices for a certain product, they are primarily guided by the prices of the largest exchanges.

A significant difference between an exchange and a market is that the exchange does not have both material goods and paper money. All transactions are made by agreement between the buyer and seller. And modern technologies make it possible to record the consent of one party to sell, and the other party to buy, almost instantly, electronically connecting the two parties to the transaction via the Internet.

Depending on the exchange, they are divided into futures, stock and foreign exchange. And according to the method of conducting, exchange trading can be pit and electronic.

What is a stock exchange(stock Exchange)

This is an exchange where securities are traded - an official certificate of ownership of part of the company. When people believe that a certain company has good prospects, they buy its shares, which pushes prices higher.

Stock quotes and the formation of an opinion about their prospects directly depend on the company’s income level, its reports, and the amount of dividends. The market in this case reflects the sum of the opinions of all participants about the value of a particular company. A fall in share prices often means that holders of large blocks of shares begin to sell them off. Therefore, as professional stock speculators say, “it’s good to buy cheap, but it’s not good to buy something that’s getting cheaper.” A rapid decline or extreme cheapness of shares is a reason to think about the advisability of buying.

A potential stock speculator must develop his own system for selecting the most promising stocks, using both technical analysis and economic data about companies.

What is a futures exchange

Futures exchanges are also called commodity exchanges, because they trade quite material things here: grain, metals, oil, meat, etc. When concluding a transaction, a futures contract is fixed, according to which the buyer is ready to purchase a certain amount of goods in the future at a fixed price. At the same time, he makes a certain insurance deposit to the broker (intermediary on the exchange), which is called margin. Thus, the buyer guarantees the transaction. The seller also contributes the same margin.

Each has its own billing period: most often it is one, three or four months. During this time, the price can fluctuate significantly, bringing significant profits to buyers or sellers. Physical delivery of goods now occurs in only 5% of all transactions, and even then, provided that the contract was not concluded for speculation.

Futures trades can generate profits much faster than stock trades. But the risks in such operations are much higher, since it is necessary to predict price movements over a limited period of time.

What is a currency exchange

The Forex currency market is not, in fact, an exchange, as there is no centralized management or uniform prices for execution. This is a large market where large banks and dealing centers trade. Therefore, manipulations with quotes are quite common here. But the currency exchange still exists. For example, the largest Chicago exchange, CME, offers its clients the opportunity to centrally trade the world's largest currencies, while taking advantage of all the guarantees and advantages of exchange trading.

Which trading instrument to choose depends on the level of professionalism, starting capital and risk appetite of a particular person. For example, the stock market is the most capital-intensive, but at the same time the least risky if you buy shares for the purpose of long-term investment.

In second place in terms of risk is the futures market, since the initial deposit there is much smaller, but the possibility of losing it is much higher due to the use of the so-called “leverage” provided by the broker.

The most risky is the foreign exchange market, since fluctuations in currency quotes, round-the-clock price changes and a high level of “leverage” increase the probability of losses to 95-97%.

The most important thing, when starting stock speculation, remember that you can only invest in stock trading the money that you are willing to lose without reducing your standard of living and that of your loved ones.

Why is choosing the right exchange important?

Everyone who plunges into the world of digital currencies is sooner or later faced with the need to choose an exchange. There are a huge variety of cryptocurrency exchanges, and each has its own advantages and disadvantages. Thus, some trading platforms are distinguished by a large selection of currency pairs, others have a user-friendly interface, others have advanced functionality and a variety of technical and graphical analysis tools, others are the fastest to add new tokens immediately after the ICO, others offer advanced security settings, etc.

In most cases, crypto enthusiasts are not limited to just one trading platform. For example, one exchange is used for everyday trading of highly liquid assets, the second - for trading high-risk altcoins, the third - for buying new crypto tokens “for the long term”, and the fourth - for buying or selling crypto tokens that are not represented on the other three exchanges, etc. Here There can be many options.

Do not forget that when choosing an exchange, a trader has to trust funds to a third party. , which give complete control over the private key and, accordingly, the user’s funds, are still only at an early stage of development. Thus, this short guide will focus on the criteria for choosing “traditional” or centralized crypto platforms.

What criteria should you follow when choosing an exchange?

There are quite a few exchanges, and the choice is an individual matter. However, the main criteria that you should pay attention to when choosing a trading platform are the following:

Other criteria for choosing an exchange include:

— the country where the trading platform is based (for example, Japanese and South Korean exchanges may “not allow” users from other countries);
- ease of user interface;
— availability of various technical and graphical analysis tools;
— availability of convenient statistics on operations;
— the possibility of margin trading (and, as a consequence, the possibility of receiving passive income from providing loans to other exchange participants), etc.

The Poloniex exchange is said to be popular. This is true?

This crypto exchange is really quite popular and is quite suitable for both beginners and experienced traders. It was founded not so long ago - in 2014, but thanks to a convenient user interface, a wide range of altcoins and the prompt addition of new tokens, Poloniex at one time managed to occupy a daily trading turnover.

Currently, the exchange lists about various crypto assets and four types of markets (\BTC \ETH \XMR \USDT). The platform can operate in three main modes:

— Exchange - spot trading (without leverage);
— Margin Trading - trading with leverage (up to 2.5x);
— Lending - a mode where you can lend to other exchange participants trading using leverage.

For each of the modes there is a convenient opportunity to analyze profits and/or losses in the context of each currency pair. These analysis tools are located in the My trade history & analysis section.

The charts are equipped with a minimum set, which includes moving averages (SMA and EMA), Bollinger bands and. Poloniex also has the ability to create (Buy Stop, Buy Limit, Sell Stop, Sell Limit).

There is a mobile version of the Poloniex exchange, as well as for Android and iOS. At the end of last year, this exchange introduced user accounts.

Where else are a lot of altcoins traded?

Bittrex is a real “abode of altcoins” (there are more than one). Largely due to the avalanche of demand for digital coins alternative to Bitcoin, Bittrex at one time was consistently among the top 10 cryptocurrency platforms in terms of daily trading volume and even occupied a leading position.

Bittrex has a slightly less user-friendly interface when compared to Poloniex. On the other hand, charts are equipped with many technical and graphical analysis tools.

Verification on the exchange is required. Trading commissions are 0.25%.

In general, the Bittrex interface is quite convenient and well thought out, and there are various security settings. In May 2018, the exchange added, but the option is still available only to clients from some American states.

What if I want to trade the most liquid assets?

Then you should go to Bitfinex, where mainly the most liquid cryptocurrencies from the “first echelon” CoinMarketCap are presented. The undeniable advantages of the exchange: professional charts from the service, ample opportunities for statistical analysis of user activity and many security settings, notifications, and interface.

Bitfinex supports fiat currencies, the “Financing” mode has been implemented (analogous to Lending on the Poloniex exchange), which allows you to receive passive income from providing loans to other users trading on this platform with leverage. The exchange supports various types of orders, including stop limit, trailing stop, Fill or Kill, etc.

Bitfinex's reputation is unquestionable, especially after the exchange faced users after the 2016 hack.

Among the disadvantages of the trading platform, one can note the somewhat difficult to understand interface, which may seem overloaded to beginners with all sorts of intricate “tricks”. Nevertheless, the exchange deserves attention, especially among crypto enthusiasts who prefer highly liquid instruments and a thorough approach to technical analysis.

What about Binance? Many people talk about this exchange

This trading platform was created relatively recently, but consistently occupies a leading position in terms of daily trading volume. There are many altcoins available on Binance (more than one), and the list of supported coins is constantly being updated.

The interface of the exchanges is quite convenient and not overloaded with elements, but there are many different security settings.

This exchange also has its own token - Binance Coin (BNB), which allows you to save on trading commissions. In April 2018, the marketplace added a balance option (‘Convert to BNB’) to its native tokens.

Binance is popular among both beginners and professionals.

The world of digital currencies has become very relevant recently. Cryptocurrencies are showing incredible growth. Today it is considered quite normal that trading instruments of the cryptocurrency market show thousands of percent profitability. Naturally, this state of affairs did not go unnoticed by society, and now more and more newcomers to the foreign exchange market and even experienced investors are interested in which exchange is best to buy cryptocurrencies. In today’s material, we will look at the criteria for choosing a cryptocurrency exchange and you will learn the factors that you need to pay attention to when choosing a particular exchange for cooperation.

Criteria for choosing a cryptocurrency exchange

1. Safety.

This point is one of the most important when choosing a trading platform. When registering on an exchange, you must definitely pay attention to ways to additionally protect your account: does the exchange provide two-factor authentication, are there additional security passwords, or does it use “cold storage” technology for data.

1. Number of trading instruments.

There are exchanges that provide only the top ten most popular cryptocurrencies for trading (for example, the Bithumb exchange). And there are exchanges that have hundreds of trading instruments in their arsenal (for example, Bittrex or Poloniex). Therefore, when choosing an exchange, an important role will be played by which cryptocurrencies specifically you want to buy. If the main ones, such as Bitcoin, Litecoin, Ethereum, Ripple, then in principle any exchange will suit you. And if you are interested in other lesser-known altcoins, such as Gambit, for example, or Stokes, then you need to choose the appropriate exchange where these instruments are traded.

1. Exchange interface.

Much will depend on how well you speak English. The fact is that most cryptocurrency exchanges do not have a Russian-language interface, so you will need knowledge of English at least at an elementary (school) level. Of course, you can always use the translator option in the browser, but then you should not expect high-quality translation of information. Therefore, if English is absolutely impossible, it is better to look at options for exchanges that support the Russian language.

1. Commissions.

Before choosing an exchange to cooperate with, you need to familiarize yourself with the commissions that will be deducted from your trading transactions. For every purchase or sale on the exchange, the user pays a commission. On average for trading platforms it is 0.2%.

1. Deposit and withdrawal of funds.

This is also an important point. You need to look at what options for replenishing and withdrawing funds the exchange offers and which options will be the most profitable for you. Some exchanges will provide a fairly wide list of payment systems for conducting transactions with both fiat money and cryptocurrencies. Other exchanges, on the contrary, allow you to deposit and withdraw funds only in cryptocurrency.

1. Liquidity.

This indicator very much depends on the daily trading volume. It is clear that the greater the trading volume, the more liquid the exchange will be. To get acquainted with trading volumes, it is very convenient to use the coinmarketcap.com service.

1. Identity verification.

There are exchanges that take verification of their clients’ data very seriously (for example, the Kraken exchange). And there are also exchanges that allow their clients to conduct monetary transactions without data verification. For example, the popular Poloniex exchange allows you to withdraw up to $2 thousand per day without verification. If the client wants to withdraw more money, then he needs to confirm his account on the exchange.

In addition to the main criteria for evaluating exchanges, you also need to pay attention to such additional factors as the place of registration of the exchange, the convenience of the trading platform (are technical market analysis tools provided), margin trading, etc. Cryptocurrency exchanges do not have the same regulation as, for example, stock exchanges. Therefore, each cryptocurrency exchange is subject to the laws of the country in which it is registered. If you choose an exchange for cooperation, you need to familiarize yourself with how much it is legally regulated at the place of registration and is it regulated at all?

Let's analyze, as an example, using the above criteria for selecting exchanges, one of the most popular trading platforms in the CIS countries - the EXMO exchange.

Each method has its own conditions for minimum and maximum amounts, and different commissions. To deposit and withdraw funds, it is most profitable to use special EX-CODE codes. This is the internal currency of the EXMO exchange. Using EXMO codes, deposits and withdrawals of funds from the account will be processed instantly and without commission.

The EXMO exchange is registered in England at 49 Station Road Polegate, England. Certified number – OS393235.

As you can see, the EXMO exchange is completely suitable for trading by all criteria.

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The exchanger is needed by those who want to withdraw money to fiat as quickly as possible, but at the same time they will have to put up with possibly high commission fees, and the exchange rate can rarely be profitable.

On trading platforms it’s different.

Crypto exchange- a trading platform that allows you to carry out exchange operations on any asset available in the functionality (depending on the selected one) and all these operations are carried out between participants.

Its role is only to bring people together and ensure a safe exchange of funds.

Also, the advantage of trading on such a project is that you can always wait for a favorable opportunity to make a purchase/sale at the best offers. Which crypto exchange to choose in 2018?

For beginners, it is better to start with one that supports the Russian language, so that, at a minimum, you can read all the trading rules and working conditions.

The most popular cryptocurrency exchanges of 2018

From this article you will learn exactly how to choose a cryptocurrency exchange in Russian from those available on the market today.

Below is a description of the most popular ones for 2018, which have made themselves known and deserve to become your No. 1 choice.

EXMO

The first and, quite possibly, the most convenient Russian-language crypto exchange is EXMO .

The management of the provost has tried to optimize the work as much as possible and the service has a lot of options for depositing and withdrawing funds.

Except USD, EUR, UAH, PLN and RUB from bank cards and transfers, there is the possibility of transactions through electronic wallet gateways:

There is also input from EX-CODE - an internal service voucher that can be used as a transfer of any asset between accounts, as well as buy/sell on exchangers.

Withdrawing money from the crypto exchange to bank cards and transfers, as well as, is carried out with the condition of additional confirmation of the investor’s identity (profile verification).

The general commission fee on Eksmo is 0.2%, which is the market average.

For active crypto investors, there is a system of reducing commissions depending on the trading volume.

Another special feature of EXMO is the availability of cashback - refund to the account of part of the commission paid for the month.

BitFlip

This site appeared quite recently, but the company has earned itself some loyal audience.

Trading is carried out on popular crypto coins, and there are also some less common ones, for example, , R.M.C..

There is its own exchange token Flip.

One of the attractive features of BitFlip is that the commission changes depending on activity, reaching 0%!

By increasing the trading turnover, the cost of the fee for closing orders will decrease, and for pending orders with trading above 1000 BTC - be absent altogether.

Account replenishment is carried out according to a fairly wide list:

Also, a fairly young but ambitious crypto exchange, which opened only in 2017, confidently takes its place among the best.

For now - largest.

The crypto service is based in Hong Kong and is subject to local laws.

The idea behind the creation was to orient the crypto service to the requirements of today’s market.

It is capable of processing a large number of transactions simultaneously.

But even during the boom in closing registrations of new crypto users, it temporarily stopped “launching” newcomers.

The margin is relatively low, only 0.1%, but with all this, the security of transactions is guaranteed on the project and this wins the trust of a large number of investors.

In addition, the site interface is well adapted for use on a mobile device.

The number of types of coins is extensive and more are added every day.

Like BitFlip, Binance has its own development - BinanceCoin (BNC), which consists of circulation only within the service itself and is intended to create additional privileges for holders.

It is more profitable for BNC to pay margin, because instead of 0.1%, when paying using BinanceCoin, the commission will be 0.05%.

The constant growth of the exchange coin rate is another advantage of the holder.

There is good news for beginners and small investors– Binance does not require mandatory verification, because without it the daily withdrawal amount is 2 BTC.

For holders of a large investment budget who plan to withdraw up to 100 bitcoins per day, verification is necessary.

BitMEX

The BitMEX company is based in Hong Kong, it is official and focused on active trading and making money through speculative means.

Interface support in Russian appeared relatively recently, so it is just beginning to gain new clients in the Ru-segment.

LocalBitcoins

One of the crypto exchanges adapted for Russian-speaking citizens.

The principle of operation is absolutely different from others, because there is no function for depositing/withdrawing funds.

Instead, the exchange is made through a third party.

All actions are done manually.

That is, after choosing a transaction that is suitable for the terms of the transaction, the client must make a payment using the specified payment details and then wait for some time for the return payment.

And many may not understand what is the point of using this kind of project for trading, if there are many other, more optimized options.

However, the point is that This platform allows you to send Bitcoin to the most important payment system for a crypto trader or in the currency of the country where the recipient is located.

But the reliability of a participant can be assessed by the number of successful transactions he has conducted.

The platform is local because it is the only one of its kind that places transactions for exchanging crypto coins for cash.

A modern and practical crypto platform with an excellent interface.

Registered in Hong Kong and is popular, however the big disadvantage is the rather passable translation of RU.

But using the service in English is quite comfortable.

Recently its daily trading turnover increased to several hundred million dollars.

And continues to gain the trust of crypto traders, taking rapid steps towards success.

Presented cryptocurrency platforms– conditionally without verification for withdrawal of funds (if you do not take into account bank fiat).

Which platform to choose for trading It's up to you to decide.

Read about the largest crypto exchanges in the world in a separate article.

Good day to all. Concepts such as digital currencies are being heard more and more often. And, probably, there is no escape from this, certainly in the near future. They are so firmly entrenched in the Internet space that even a “blind” person can see it. What is “cryptocurrency” and what does it mean? This is the topic of another article, but today we will try to answer the question: how to choose a cryptocurrency exchange to trade on it.

There are a lot of exchanges, as well as cryptocurrencies themselves, but there are still some criteria for choosing. Let's look at them in order.

1.Reputation.

2. Commissions.

It's no secret that any exchange lives off the commissions that the user deducts from his transactions. Each exchange has its own commissions, so it’s better to familiarize yourself with them in advance and choose the one that suits you best.

3.Number of trading pairs.

Here, too, choose whether you will trade highly liquid pairs (Bitcoin, Ethereum and the like, i.e. the most popular today) or less liquid ones, of which there are hundreds (and many of them are of no use and will not be).

4.Liquidity.

Make sure that the “glass” on the exchange is updated every second, that is, trading does not stop for a second. This means that this cryptocurrency exchange is alive, sellers and buyers are constantly busy with their own business.

5.Deposit and withdrawal of funds.

On some exchanges you can only deposit “cryptocurrency”, while on others there are many ways to top up your balance (bank cards, electronic wallets). Also with withdrawal of funds, make sure that it is convenient for you (you will certainly be in the black).

6.Verification.

This is a documented confirmation of your account on the exchange. Any self-respecting cryptocurrency exchange always has a verification and double protection function. There are exchanges where trading small amounts (up to $1000 - $2000) occurs without verification, and with larger amounts you need to send your documents.

7.Easy interface.

Of course, it is convenient to trade when everything is accessible and understandable, especially the language.

8. Availability of various analysis tools.

In general, to start trading on a cryptocurrency exchange, you first need to study at least something. For example: how to read charts, what Japanese candlesticks are, learn to read and understand news on cryptocurrency pairs, at least know some basics, and then apply all this knowledge using analysis tools that should be on the exchange of your choice.

Is one exchange enough?

Well, it depends on who. Someone just wants to buy a little of the recently released new “cryptocurrency” for the “long term”, in the hope that it will someday rise in price and you will sell it profitably (the new cryptocurrency does not appear on all exchanges, therefore, they heard that a new one has been released cryptocurrency, if you hope for it, then look for an exchange where it is available). Why not, we bought it cheaper, sold it at a higher price a year later, and went with the whole family on a vacation at sea, for example in.

If you have enough funds and you are ready to invest and increase them, then it would be best to choose several exchanges (you don’t need to keep all your eggs in one basket). You never know what can happen, maybe today the trading platform is working, but tomorrow it has already “worked” and your money is crying. Therefore, if you have large sums, then it makes sense to invest them in different exchanges.

What are the reliable cryptocurrency exchanges?

Good question. Again, there is probably no definite answer, and there cannot be. Someone, due to their stupidity, did not trade, someone placed an order incorrectly, but you never know what a person who wants everything at once can do. And then negative reviews appear, saying that this is how it is, this is how bad the exchange is, I lost everything there, and if you look into it, it turns out that you yourself are a fool.

You definitely need to read reviews and it’s good when there are both good and bad. It’s bad when there are only good ones, which means something is wrong there. Of course, choose an exchange that has more positive reviews (in my opinion this is logical), and read the negative ones so as not to repeat the mistakes of others.

After reading a little on the Internet, I came to the conclusion that the majority of us in Russia prefer to trade on such a well-known cryptocurrency exchange as EXMO. Everything there is in Russian, everything is accessible and understandable, an excellent option. There are many ways to deposit and withdraw funds, there is also an exchanger.

The trading platform is not far behind BitFlip. Registration in both cases is simple; you can trade small amounts without verification. For large investments, you can use the Poloniex cryptocurrency exchange or register and try your hand at the exchange Binance(there is a Russian language), by the way, it currently ranks fifth among all popular cryptocurrency exchanges.

How to withdraw cryptocurrency from the exchange?

Everything is simple here. If the exchange you choose has an exchanger, then change the “crypto” into rubles, dollars, euros (whatever you need) and withdraw it to your card or e-wallet. If this is not possible or the exchange rate does not quite suit you, then you need to use the services of other exchange offices.

But do it in trusted exchangers, for example, on this one service, where there are a bunch of reliable exchangers with a lot of reviews. See the rate, choose, read reviews and exchange the “cryptocurrency” for the currency you need.

Are there risks when trading cryptocurrency?

The answer here is clear, of course there is. Firstly, in our country today there are no laws regulating the cryptocurrency market (they are promised by mid-summer), and secondly, any exchange is a risk. Where the price will go up or down, how long it will stay up or down, no one really knows (well, maybe only those who have Rockefeller as friends). That’s why you need to study trading on exchanges at least a little before investing your money.

If you still decide to start trading on cryptocurrency exchanges, then do not deposit a lot of funds there, try with small amounts. I in no way encourage anyone to trade, you are adults, decide for yourself. The only thing I can advise you is that you remember this simple truth:

There are no fools on the other side of the monitor; most of them are usually on this side.

Although I am sure that you are part of the minority who, in a short period of time, become quite wealthy citizens who have managed to use cryptocurrency trading wisely.

By the way, this is not the only way to try to increase your fortune; there are many others that are quite decent, for example, like.

I wish you only great success and good luck!