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Which Are the Major Cryptocurrency Exchanges and Why?

The rise of cryptocurrency during the last couple of years has been so dramatic that it looks like a scene cut out of a movie. Experts had anticipated that a rise in the digital sphere would result in the rise of cryptocurrency, but no one had expected the rise to be so dramatic and towering.
We now stand at a stage in time where we are host to a miraculous transition in how we view money and how we use it in transactions. Money has for years been a physical possession, but cryptocurrency has challenged this perception and has recently incorporated a much broader view of intangibility to it.
Before you actually start trading in cryptocurrency, it is pertinent to know a bit about the major exchanges that are verified and are host to a bulk of the traders.
What are Cryptocurrency Exchanges?
Cryptocurrency exchanges can be defined as websites where both buyers and sellers can exchange various forms of cryptocurrencies with other forms of traditional or digital currencies. Users who have access to other fancy trading tools would be required to use an exchange website that verifies the ID that they are using to open an account. There are also platforms that can help you make a straightforward trade, without going into the hassle of making an account.
The Best Cryptocurrency Exchanges
There are a host of platforms that you can visit today to trade, sell or purchase cryptocurrencies. A few of these platforms that have been reviewed by users to be feasible when it comes to accessibility, fees, user-friendliness and security are:
Coinbase
Used by more than a million customers and trusted investors globally, Coinbase is considered as the most well known and popular trading platform across the world. The Coinbase platform provides a lot of feasibility as it makes it easy to securely buy, store, use and trade all forms of digital currency. Users can choose between purchasing bitcoins, litecoins and Ether from a collection of items that are available on the platform. The purchases are done through a digital wallet that is available on both Android and iPhone.
Pros: Secure environment, Good reputation, user friendly and coverage through Coinbase Insurance.
Kraken
Incorporated during the year 2011, Kraken has become one of the largest Bitcoin exchanges across the globe and is a partner in the world’s first cryptocurrency bank. Kraken lets users buy and trade bitcoins with US Dollars, Euros, British Pounds and Japanese Yen. Besides trading bitcoins, you can also trade other cryptocurrencies like Monero, Augur Tokens, ICONOMI, Litecoin etc. Kraken also offers a plethora of advanced features for experienced users.
Pros: Good Reputation, Low transaction fees, rich features, secure and supported worldwide.
Shapeshift
Shapeshift is a brilliant option for all users who want to exchange or trade in a wide variety of digital currencies, without signing up to an account. Their straightforward system helps attract a lot of users and traders. Shapeshift only allows for exchange between supported forms of cryptocurrencies as purchase deals with debit or credit cards are not allowed.

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