Cryptocurrency trading platforms Somalia 2021

A cryptocurrency exchange is a virtual place to convert virtual currencies or exchange them for fiat money;

These exchanges are characterized by advanced features and offer investors the opportunity to make money;

The world's first digital currency, bitcoin, emerged relatively recently, in 2009. It differs from traditional finance by its anonymity, high transaction execution, low transaction fees, and a special production algorithm. As its popularity grew, users needed special platforms: the best cryptocurrency exchanges. On these resources, people could exchange one cryptocurrency for another, or exchange cryptocurrencies for fiat money. Miners mine the cryptocurrencies and then transfer the mining to a special service.


Coinbase is a very large and popular exchange. It was established in 2012, just a few years after the emergence of bitcoin. This exchange is located in the United States and operates in strict compliance with all established rules, which makes it a trusted exchange. They offer two different accounts: regular and professional.

Coinbase has pretty high commissions if you don't use their professional account. This professional account also allows you to get more different charts and even some additional indicators that track the subtle changes in the forex market. However, they do offer a range of different types of cryptocurrencies, so there are plenty of options.

Coinbase is intuitive, so it shouldn't be hard for beginners to get used to it. Currently, more than 10 million customers work with the platform.

  • 23 types of digital coins.
  • The rates charged for all operations under $200 are as follows: $ 0.99 - $ 2.99 - for operations from $ 0 to $ 200; for over $ 200, a fixed interest rate comes into play. Its size depends on the payment method.
  • Free mobile and online wallet. The advantage of this wallet is that transactions can be made off-blockchain.
  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems. SEPA transfers are available for EU residents.
  • Two-factor authentication. All website traffic is encrypted using the SSL cryptographic protocol.
    All wallets keys are protected by AES-256 encryption. Only 2% of her clients' cryptocurrency funds are stored online, and they are insured in case of loss.
  • Android and iOS app.


The exchange opened its doors for the first time in 2017. Being a fairly new company, it has managed to expand its portfolio considerably. The main strength of the exchange, perhaps, is that it has deliberately focused on a large number of different cryptocurrencies. There are even some fiat currency options, but they are much more limited.

It has in its favor the number of currency pairs, a wide range of trading instruments, as well as the trust of millions of users, which is especially important in the cryptocurrency market. The variety of assets and low fees have made it more than competitive globally.

Users can make contributions using the cryptocurrencies or fiat currencies that Binance allows. This is an often overlooked advantage that makes it easier for customers around the world to access the exchange. Perhaps the only real disadvantage of this exchange is that it has a slightly more complex design than some of the other exchanges, and is perhaps best suited for those who have experience with these cryptocurrency systems:

  • 740 different crypto and fiat pairs, including own token BNB.
  • Binance offers competitive trading fees (commissions): 0.1% on each side of the trade, or 0.075% if you are using your Binance tokens (BNB).
  • Trust Wallet mobile application.
  • Bank transfer, debit/credit cards, various P2P payment channels.
  • The exchange launched CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance companies. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.
  • A free app is available in Google Play Store or the App Store.


Kraken is one of the oldest exchanges in the industry, among the current leaders. The company was officially launched on July 28, 2011 in San Francisco, public beta testing began in May 2013, and by September the exchange was open to a wide range of traders.

Kraken has managed to gain the trust of users. There have been no successful hacker attacks on the exchange.

After its relatively quick inception, the company has quickly grown to become one of the most popular exchanges on the European market. They are highly rated and offer a good mix of altcoins as well as fiat currencies to trade.

Kraken is a self-regulated exchange, which means that it develops its own security policy and operating rules. However, it complies with the rules and regulations of many supported jurisdictions.

This is certainly a good exchange that has all the features needed to support more advanced users. One notable drawback is that there are not many payment methods available to fund your account. This can be overcome, but for some it remains a disadvantage:

  • 8 tokens are available for.
  • Transactions under 50,000 units of a particular currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer. For sums over 50,000 units, commissions are reduced to 0.14% and 0.24% respectively.
  • No crypto wallet is offered on the site.
  • Crypto wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available.
  • The exchange offers users two-factor authentication, PGP encryption, and global settings lock, which prevents any account changes within a certain period of time.
  • Kraken Pro and Kraken Futures applications.


Bittrex Inc. was founded in 2014 and is based in Seattle, Washington, United States. Bittrex was founded by cybersecurity experts. Although Bittrex Inc. is a US-based company, it has recently expanded its operations and opened an international branch.

The exchange is constantly modified and updated, and Bittrex establishes new partnerships.

It provides storage and trading with over 200 tokens, the number of which is constantly increasing. The exchange also works with euros and dollars and allows funds to be withdrawn to bank cards. In addition, the exchange has extensive security features and technologically advanced software that protects these online wallets and the platform itself:

  • 250+ trading pairs are available.
  • Topping up your euro account is available via SEPA credit transfer,international bank transfer,bank card. Fiat funds withdrawal is possible to a bank account using an international bank transfer, and for euros, a SEPA credit transfer is supported. The withdrawal commission depends on the chosen currency: in bitcoin, it is 0.0005 BTC, in Ethereum - 0.00600000 ETH.The site has a fixed trading fee of 0.25% of the total value of the order.
  • No crypto wallet.
  • Bank transfers, credit/debit cards.
  • Two-factor authentication (2FA),IP check, which requires an email confirmation of entry from a new IP-address, IP whitelists, Cold storage for 80%-90% assets.
  • There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

BitMex  ;

BitMex began its history in 2014 and has grown quite rapidly with attractive margin trading offers. BitMex is the largest Bitcoin platform, offering Bitcoin futures with up to 100x leverage. This environment is perhaps best suited for more experienced traders.

BitMex offers perpetual and fixed contracts with different expiration dates. But all contracts are paid for in bitcoins.

BitMex offers the highest market liquidity of any exchange. Ultra low transaction costs and minimum deposit requirements. Ability to sign up in 30 seconds. The BitMex interface looks quite functional. The user can freely modify various available widgets according to his preferences. Overall, this exchange has become one of the most popular choices, especially for margin trading:

  • 55 trading pairs.
  • BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin Network commission is applied; commissions for takers are 0.075% of the total order value, while makers are paid an additional 0.025% for each trade.
  • Crypto BitMEX wallet.
  • Beyond virtual currencies, BitMEX does not accept any other deposits.
  • Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature wallets for transactions; Email communications are encrypted using PGP encryption.
  • BitMEX Mobile launched in September 2020.


Established in late 2012, this exchange is one of the oldest. Originally, it was a peer-to-peer margin lending platform on BTC, but later other cryptocurrencies became available and Bitfinex evolved into an exchange. From the beginning, the platform aimed to attract US users. The exchange is now used internationally.

One of the reasons for its success is a fairly simple interface. Despite its versatility, the bag is quite easy to use. The combination of this ease of use and the variety of functions makes the exchange suitable for both experienced and novice traders. Users can customize the interface, create their own market information layouts, change the colors of the interface elements, etc. Both the mobile and web versions of the site are convenient:

  • Over 140 coins and 300 trading pairs.
  • No additional payments for deposits and withdrawals in digital coins. When you deposit USD, you will have to pay a commission of 0.1%, but not less than $ 20;Minimum fee for withdrawing fiat money is $ 60; With the minimum currency turnover per month, the trading fee is 0.1% for the maker and 0.2% for the taker.
  • Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet, and Financing Wallet.
  • In addition to digital currencies, bank transfers and card withdrawals are available to users.
  • Only 0.5% of crypto assets are kept online to support daily transactions. The rest of the coins are kept in cold wallets out of the reach of hackers. For these wallets to become available, manual authorization of several members of the management team is required.


LocalBitcoins was launched in Finland in 2012. The main office is located in the capital of Suomi - Helsinki. LocalBitcoins - P2P exchange for buying bitcoins against offline fiat currency, online e-money and some altcoins. It is considered a reliable platform for direct and decentralized exchange between the parties in the transaction. It allows you to buy bitcoins quickly using many convenient methods.

With citizens from over 200 countries working on the exchange, it is one of the largest cryptocurrency exchanges.

It is not like other exchanges, it does not use a common global exchange rate. Competitors decide for themselves the price at which they want to buy or sell bitcoins, and choose the exchange methods:

  • The service does not charge a commission from the buyer.  For sellers, there is a set commission of 1% on each sale.
  • Bank transfers, banking cards, electronic systems.
  • The security of the transaction is ensured by the escrow method, which has proven to be highly effective; User accounts are protected by two-factor authentication.


Poloniex is one of the largest cryptocurrency exchanges in the world, founded in 2014 by Tristan D'Agosta. At the time of writing, the exchange has over 100 currency pairs and a daily trading volume of over $13 million. Initially, the exchange focused on the US market, but the general popularity and large trading volumes have attracted altcoin traders from all over the world.

It offers a large number of pairs, allowing experienced traders to create an excellent portfolio of their choice in a short period of time.

The interaction with the Poloniex exchange interface leaves only the best impressions. In addition, the good liquidity and the wide selection of ranges are indisputable advantages. The lending function will not leave indifferent those who prefer a low but stable passive income. However, Poloniex is not without a number of shortcomings, such as the lack of a mobile app and the cumbersome website:

  • 100+ currency pairs.
  • All deposits are allowed without any additional charges; The withdrawal fee is fixed, and it depends on the type of the currency; commissions are from 0 to 0.25%.Maker commission is from 0% to 0.15%; taker commission is from 0.1% to 0.25%. The higher is the volume of completed transactions in one month, the lower is the commission for all subsequently completed transactions.
  • Own Wallet.
  • Replenishment of an account with a bank card or withdrawal to a card are not available for users of some countries.
  • The administration highly recommends to add two-factor authentication to your account.
  • Mobile application.


KuCoin is a Hong Kong-based exchange that started trading in May 2017 and has already gained popularity among traders. It is a third-party exchange that allows you to buy, sell, and trade a variety of cyber currencies.

KuCoin's main feature is its own cryptocurrency, KuCoin Shares (KCS).

KuCoin is very popular among new virtual currencies that have come through ICOs, which means that you can buy your coins when they are still in the early stages. You can access KuCoin through your desktop computer, as well as through the Kucoin app on Android and iOS.

This exchange is an excellent platform that guarantees a high degree of protection for your goods. Transactions are very fast and withdrawals are almost instantaneous:

  • 200+ coins and 450+ trading pairs.
  • All deposits are free on the site, and there is a fixed fee for withdrawals; KuCoin offers a flat commission of 0.10%, which is less than the industry average.
  • Inner site crypto wallet.
  • A variety of payment methods supported by P2P fiat services.
  • The exchange offers you the option to set up two-factor authentication by Google Authenticator.
  • Mobile application .


Bitpanda is an Austrian company that specializes in buying and selling digital currencies. It strictly adheres to KYC principles - know your customer - and anti-money laundering laws.

The exchange fully respects its motto: customer satisfaction is a top priority. The resource site is fast and works as a debugging mechanism.

A big advantage is working with fiat currency and a wide range of ways to deposit and withdraw money. The service offers a wide range of payment methods. Here, cryptocurrencies can be purchased via Visa/MasterCard, payment systems and bank transfer.

Cryptoservice cares about the security of its customers. Thus, it has implemented a two-factor authentication system and constantly monitors the activity of cryptocurrency investors. And to prevent hackers from gaining access to cryptocurrencies, Bitpanda stores "cold" funds, i.e. offline:

  • Bitcoin, Ethereum and 30+ digital assets.
  • The trading commission of the service depends on the type of currency and the nature of the transaction. When buying bitcoins, you pay 1.49%, when selling - 1.29%.
  • Commission for replenishment and withdrawal is fixed for each coin and is debited from the account.
  • Bitpanda crypto wallet.
  • You can make a deposit either by bank transfer, credit cards or electronic payment systems.
  • Bitpanda refers to systems that independently manage user wallet keys.Besides, the following security measures are offered: fund cold storage session control. Every login attempt from a new device requires two-factor authentication confirmation, authentication and validation via email.


The Coinmama exchange, founded in 2013, is owned by the investment company New Bit Ventures Ltd, which is legally registered in the State of Israel.

A trader with any level of education can work with Coinmama. There are not many sites on the market that are created with a focus on novice investors.

Coinmama is not an easy exchanger. Since it can only buy coins, it can also be considered as an exchanger. The site does not have a built-in digital wallet. All goods purchased are transferred to the address specified by the user. This can be inconvenient for some users. This exchange is known for its three-level verification. This suggests that its creators care about the security of its users' personal goods and information:

  • The website sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS.
  • The use of credit or debit cards implies a service charge of 5%.Besides, the charges 3.90% for buying coins and 0.9% for selling these.
  • No Wallet.
  • Credit/debit cards and bank transfers; It supports SEPA and SWIFT payments.
  • Coinmama is a reputable company with a secure site using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal. information
  • Mobile app.


Paxful lets you exchange fiat money for digital assets in Peer-to-Peer mode and earn money by connecting to an automated payment service and recruiting referrals. Paxful was founded in 2014. Currently, the site allows you to use 400 ways to exchange digital assets for fiat money and works with almost all national currencies.

Paxful is a very powerful platform. If you are faced with the task of finding a quick way to buy or sell bitcoins, then this site is perfect.

The Paxful website has a user-friendly interface. Everything is very clear and understandable, which is especially important for people who are just starting out.

One of the features of this platform is that it offers its users the ability to sell BTC gift certificates to various chain stores, online auctions, merchants. For example, merchants accept certificates for purchases at Amazon, Walmart, iTunes and many others:

  • Bitcoin and Tether as assets.
  • Commissions are applied for crypto selling:0.5% for bank transfers; 1% for bank cards and e-payments; 3-5% for gift cards; No commission is charged for buying cybercurrencies; Paxful will charge a transfer fee for sending funds to an external wallet. $ 0 - $ 9.99 = 0.0001 BTC$ 10 - $ 19.99 = 0.0002 BTC;More than $ 20 = 0.0005 BTC.
  • The Paxful Wallet App makes it easy to store and manage coins with your mobile wallet.
  • More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes or Steam gift cards.
  • The security of the system is ensured by two-factor authentication, depositing and the obligatory verification procedure when working with large amounts.
  • Paxful Wallet for Android and iOS.


The HitBTC exchange has been running since 2013 and is a site with a fast engine, multi-currency support, and the ability to trade both multiple cryptocurrencies and tokens.

The site offers users more than 500 currency pairs to trade. There is a possibility to work with fiat money.

It should be noted that it is a convenient and simple platform for trading digital currencies. Throughout its existence, it has established itself as a reliable and secure exchange. A wide selection of currency pairs, a simple interface and low commission levels make the platform a good choice for beginners and experienced traders alike:

  • 800 currency pairs.
  • No commissions for deposits and a fixed commission for withdrawals depending on the coin; HitBTC uses a multi-level trading fee calculation system. The more a user trades, the lower his commission will be.
  • No crypto wallet.
  • The HitBTC exchange can be replenished exclusively with digital currency.
  • The platform provides 2-factor authentication, high-end encryption technology and cold storage of funds.
  • No application.

There are a number of trade-offs, and the choice is an individual matter;

However, the main criteria to consider when choosing a trading platform are as follows:

  • Reputation.
  • Commissions.
  • The number of trading pairs.
  • Liquidity.
  • Payment options.
  • Requirements for user verification.

Based on the information summarized in the article, you can make the right choice for yourself.