BitcoinExchangeGuide.com is dedicated to reviewing all of the major bitcoin exchanges and providing in-depth, impartial information about the services they provide. It’s worth noting that every exchange is different, and they each have different strengths and weaknesses. An exchange that appeals to one person won’t necessarily suit another. For example, if you are simply looking to buy bitcoins and transfer them off the exchange to your own storage immediately, then your needs might be very different from someone who is planning to trade their bitcoins actively against fiat or other currencies in order to make an immediate profit. Some of the factors you will need to consider and balance include:
Pricing – bitcoin prices differ slightly across exchanges
Security practices and transparency of ownership
The anonymity an exchange provides, or otherwise
Liquidity: lower volumes may mean a larger ‘spread’ between buyers and sellers
Ability to leverage and short-sell bitcoins
Limit orders, stop losses and other trading tools
Number of options for transferring fiat money in and out of exchanges
Delays in depositing/withdrawing money
Registration and verification requirements – many exchanges have rigorous anti-money laundering (AML) procedures
Number of different fiat and cryptocurrencies you can trade