As Leon Louw once rightly said, “Every informed individual must have knowledge about Bitcoin because it might be the world’s most important development”; this currency is becoming the most favorite of them all. To trade, invest or even buy Bitcoin, you need a platform that controls its transactions. Like the stock exchanges, Bitcoin also has its Bitcoin exchange.
In the early days of the 2010s, there were few cryptocurrency exchanges which were operational on a centralized regulatory platform. But as the decentralized currency started immersing in the market, it became difficult for them to control. During 2014 Mt. Gox, the largest cryptocurrency exchange faced failure due to a high profile large volume theft of bitcoins from its own wallet. Sooner MtGox declared bankruptcy and started liquidating its assets for their stakeholders. After this incidence, a major thought process happened in the market, which leads to the building of more secure and decentralized exchanges worldwide.
At present, there are several Bitcoin Exchange functional. Some of them are listed below country-wise.
- International – Bitsmap, Coinbase, Coinmama, Kraken
- Asia – Indodax, Bits of Gold, bitbank, Binance, BitOasis
- Europe – AnyCoin Direct, BitPanda, BL3P, Kryptomat
- Africa – Luno, Binance
- America – bitFlyer, Bittrex, Gemini
Mentioned below are some of the exchanges which are considered to be the largest and safest in terms of the volume of cryptocurrency traded.
- Bitcoin Source
Though these exchange operational worldwide, we need to be aware of the exchange that’s in their respective country, otherwise it gets difficult to trade in the cryptocurrency.