Platform to buy cryptocurrencies Somalia 2021

A crypto-currency exchange is a virtual place where virtual coins are exchanged or converted into fiat currency ;

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

The world's first digital currency, bitcoin, emerged relatively recently, in 2009. It differs from the traditional financial world in its anonymity, high transaction execution, low transaction fees and a special production algorithm. As bitcoin's popularity grew, so did user demand for dedicated platforms - the best crypto-currency exchanges. On these platforms, people could trade one crypto-currency for another or exchange crypto-currencies for fiat money. Miners would mine cryptocurrencies and then transfer the mined money through a dedicated service.

Coinbase

Coinbase is a very important and sought-after exchange. It was founded in 2012, just a few years after the emergence of bitcoin. This exchange is based in the United States and operates in strict compliance with all the established rules, which makes it trustworthy and reliable. It offers two different accounts - a normal account and a business account.

Coinbase has quite high fees if you don't use the professional account. With the professional account, you will also get more different charts and even some additional indicators that track subtle changes in the currency market. However, Coinbase offers many different types of crypto-currencies, so you are spoilt for choice.

Coinbase is intuitive, so even beginners should have no trouble finding their way around. More than 10 million customers are currently working 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  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems.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.

Binance

The exchange only opened in 2017. As a fairly young company, however, it has managed to expand its portfolio considerably. Perhaps the biggest advantage of this exchange is that it has deliberately focused on a large number of different cryptocurrencies. There are even some options for fiat currencies, but they are much more limited.

In its favor plays - the number of currency pairs, the wide range of trading instruments, as well as the trust of millions of users, which is especially important in the crypto-currency market. The variety of assets and lower fees make it more than competitive on a global scale.

Users can make deposits in crypto-currencies or fiat currencies, which Binance allows. This is an often overlooked benefit that allows for easier access for customers around the world. Perhaps the only real drawback to this exchange is that its structure is a bit more complicated than some other exchanges and may be more suited to those who have experience with such 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

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

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

Having been established relatively quickly, the company has quickly become one of the most popular exchanges on the European market. They are highly rated and offer a good mix of altcoins and fiat currencies to trade.

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

This is definitely a good exchanger that has all the features you need for advanced users. One notable drawback is that there are not many payment methods you can fund your account with. This problem can be overcome, but it is still annoying for some:

  • 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

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

The exchange is constantly evolving and being updated and Bittrex is establishing new partnerships.

It offers storage and trading with over 200 tokens, the number of which is constantly increasing. The exchange also works with euros and dollars and allows withdrawals by credit card. In addition to this, the exchange has extensive security and high-tech software to protect 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 and offers bitcoin futures with up to 100x leverage. This environment is probably best suited for more experienced traders.

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

BitMex offers the highest market liquidity of any exchange. Extremely low trading costs and minimal deposit requirements. Ability to sign up within 30 seconds. BitMex's interface is very functional. Users can freely modify the various widgets available according to their preferences. Overall, this exchange has become one of the most popular options, 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.

Bitfinex

This exchange was founded in late 2012 and is one of the oldest. Originally, it was a peer-to-peer platform for margin loans in BTC, but later on, other cryptocurrencies were also offered and Bitfinex turned into an exchange. From the beginning, the platform was designed to attract users from the United States. The exchange has since been used all over the world.

One of the reasons for its success is its fairly simple user interface. Despite its versatility, the exchange is quite easy to use. The combination of this ease of use and the variety of features makes the exchange convenient for both experienced and novice traders. Users can customize the interface according to their needs, create their own layouts of market information, change the colors of interface elements, etc. Both 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

LocalBitcoins was founded in Finland in 2012. Its headquarters are located in Helsinki, the capital of Suomi. LocalBitcoins - a P2P exchange to buy bitcoins in exchange for offline fiat money, online electronic money and some altcoins. It is considered a reliable platform for direct and decentralized exchange between trading parties. It allows you to buy bitcoins quickly and through many convenient methods.

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

Unlike other exchanges, no common global exchange rate is used here. Bidders 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 

Poloniex is one of the largest crypto-currency exchanges in the world and was 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 U.S. market, but its general popularity and large trading volume has attracted altcoin traders from around the world.

It offers a large number of pairs that allow experienced traders to build a large portfolio of their choice in a short time.

Interaction with the interface of the Poloniex exchange leaves only the best impressions. In addition, good liquidity and a wide range of spreads are undeniable 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 drawbacks, such as the lack of a mobile app and a 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

KuCoin is a Hong Kong-based exchange that was launched in May 2017 and is already very popular among traders. It is a third-party exchange where you can buy, sell and trade various cyber currencies.

The main feature of KuCoin is its own crypto-currency, KuCoin Shares (KCS).

KuCoin is very popular among new virtual currencies that have gone through an ICO, which means you can buy their coins while they are still in their infancy. You can access KuCoin through your desktop computer, as well as through the Kucoin app for Android and iOS.

This exchange is an excellent platform that guarantees a high level of protection for your assets. Transactions are quite 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

Bitpanda is an Austrian startup specialized in buying and selling digital currencies. It strictly follows KYC - Know Your Customer - and anti-money laundering laws.

Exchange fully lives up to its slogan: customer satisfaction is a top priority. The resource page is fast and works like a fancy mechanism.

A big advantage is that it works with fiat currency and has a wide range of options for depositing and withdrawing money. The service offers a wide range of payment methods. Here you can buy crypto-currencies via Visa / MasterCard, payment systems and bank transfers.

Cryptoservice is concerned about the security of its customers. That's why it has introduced a two-factor authentication system and constantly monitors the activities of crypto-currency investors. And to prevent hackers from accessing cybercurrencies, Bitpanda stores the funds in "cold" storage, 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.

Coinmama

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

A trader of any level of education can work with Coinmama. There are not many websites on the market that are specifically geared towards beginners.

Coinmama is not an ordinary exchange. Since you can only buy currencies there, it can also be considered as an exchange. The website does not have a built-in digital wallet. All purchased goods are transferred to the address provided by the user. This may prove to be inconvenient for some users. This exchange is known for its three-level verification. This indicates that the developers care about the security of their users' capital and personal 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

With Paxful, you can exchange fiat money for digital assets on a peer-to-peer basis and earn money by connecting to an automated payment service and collecting referrals. Paxful was founded in 2014. Today, on the website, you can use 400 ways to exchange digital assets for fiat money and it works with almost every national currency.

Paxful is a pretty powerful platform. If you are looking for a quick way to buy or sell bitcoins, this site is perfect.

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

One of the features of this platform is that it offers its users the possibility to sell BTC gift certificates to various retailers, online auctions, stores. 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.

HitBTC

HitBTC exchange has been around since 2013 and it's a site with a beautiful design, a fast engine, multi-currency support and the ability to trade various cryptocurrencies as well as tokens.

You can trade over 500 currency pairs on the website. It is possible to work with fiat money.

It should be noted that it is a convenient and simple platform for digital currency trading. During its existence, it has established itself as a reliable and safe exchange. The wide range of currency pairs, the simple user interface and the low commissions make the platform a good choice for both beginners and experienced traders:

  • 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 is a whole range of exchanges and the choice is up to the individual;

Nevertheless, the most important criteria to consider when choosing a trading platform are the following:

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

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