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Digital Exchange and wallet, Buy and Sell Crypto.

What is Crypto-Exchange?

Crypto-Exchange or Digital/E-currency Exchange is an online platform where you can buy, sell, or exchange your digital currency to other cryptocurrencies.  You can also buy cryptocurrency directly in the crypto exchange platform.

Buying Bitcoin and other cryptocurrencies are very easy but with some complication to others. Choosing the right exchange might not be easy to determine. You should choose what is relevant for you when buying, exchanging it back to fiat currency.

In my experience in buying cryptocurrency, I use Coins.ph which is very relevant to me, and gives me an easy way to buy bitcoin with our fiat money (Philippine Peso). Coins.ph is a Digital Wallet that was launched in the Philippines and now available to other countries as well.

My 2nd Crypto Wallet is Coinbase, where I use to receive payments form online jobs and Cryptocurrency Faucets. Coinbase now supports multiple coins which gives me options to what will I be receiving for crypto payments. Coinbase can be used as an exchange platform as well, to swap my crypto to other Cryptocurrencies.

For the exchange platform, I am currently Binance to swap Cryptos to others. They support multiple pairs of cryptos to trade but  It may carry risk. You can also buy cryptocurrency directly using our VISA and Credit Cards.

There are numerous exchange platforms out there, and buying and crypto trading greatly carries risks, that may lose your money instead of generating.

Where to Buy Cryptocurrency/ Exchange Platforms

Exchange Platform Details Support
Binance Trading and Exchange Cryptocurrency Only
Coinbase Trading and Exchange, Digital Wallet Cryptocurrecny, USD
Coins.ph Trading and Exchange, Digital Wallet Cryptocurrency, Philippine Peso
Lionex.net Exchange Paypal, Payeer, Western Union, MoneyGram, QIWI
Skrill Exchange Paypal, Payeer, Western Union, MoneyGram, QIWI
Shapeshift Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO
Changelly Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO
AdvCash Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO
Kraken Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO
Mycrypto Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO
Kucoin Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO
Paybis Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO
UniExt Exchange Crypto, Perfect Money, Payeer,WEX,Paymer, EXMO

What is a Digital Wallet?

Digital Wallet is where you hold both cryptocurrency and Supported Fiat Currency. The advantage of a digital wallet is the ability to convert crypto to fiat and vice versa, they mainly support usually only major cryptos. But seemingly adds crypto with strong background.

What Cryptocurrency Wallet?

Cryptocurrency Wallet is also a Digital Wallet, which can hold your cryptocurrency and fiat currency. But most Cryptocurrency wallets do not support any fiat currencies, in which you need to buy from the Crypto Exchange, and receive crypto like bitcoin and Ethereum to your Cryptocurrency Wallet. The advantage of these wallets are, they support wide numbers of crypto coins.

What is Crypto Exchange? 

Crypto Exchange are companies that let you convert Fiat currency to Cryptocurrency. It is an actual buying of cryptocurrency. The advantage of Crypto exchange is, they are most likely to support numerous payment options, such as Paypal, Western Union, Money Gram, Wire Transfer, Debit, and Credit Cards. Exchangers on the other hand has limited supported Crypto that you can buy.

What is Trading Exchange?

Crypto Trading lets you exchange multiple Pairs of Crypto coins. With a similar concept from Crypto Exchange, Crypto Trading can let you buy and sell crypto but with more variety and options. Crypto trading has limited options of exchange from fiat to crypto, and has a wide exchange option from crypto to crypto.

What I need to know before Buying Crypto?

Check Exchange Platform for Reviews
The very first thing to do is to check their reviews from different sources and websites. You may have been read them here as trusted or from the other websites, but it is better to double-check especially the most recent reviews from other users.

Fees
Check for their Fees, they usually take about 1 to 10% fees or with a fixed rate for every transfer and exchange. Fees are usually seen in FAQ (Frequently Asked Question) Section.

Check your Wallet Address
When you are about to buy, double-check your Wallet Address. I know we often do the shortest way which is the copy/paste thing, we do it on the wallet addresses. Most people who buy crypto lost their money because of these common mistakes, putting the wrong wallet address.

Buy at the Right Time
If you buy crypto, not for immediate use for payments or whatever purpose it may be, buy it from the lowest price possible. Crypto is volatile and Bitcoin alone can fluctuate its price 2,000 to 5,000USD.

Other Updates

 Hashing
Instead of trading, you can use your coins to be borrowed by the platform and paid in a fixed rate of your coin. These are available to other Exchange and Wallets.

Trading with Leverage
Some trading exchanges have options to leverage your trade, this may greatly increase your profit if correctly done, and may lose all your money if went against your trade.

Most Recommended Trading Platform

Binance

Binance is a Singapore based Digital Exchange Trading, one of the very first Cryptocurrency Exchange/ Digital Trading Platform in history. with over 100 Cryptocurrency traded pairs. Binance has its own coin "Binance Coin"(BNB), that cuts trading fee to 50%. Binance is still leading Digital trading/ Exchange platforms. Binance users funds were not harmed or reportedly lost during the hack, as the company shoulder whatever was lost. Binance is available in web, desktop and mobile applications.

Coinbase Pro

One of the most secured, and trusted trading platforms. It is based in San Francisco, California, a formerly GDAX and now renamed to Coinbase Pro, an official trading exchange platform of Coinbase Wallet.
Coinbase Pro is available in web browser.

Coins Pro (Beta)

Coins Pro is another trading exchange under Coins.ph, a Philippine Based Digital Wallet. You can easily fund your trading account using Coins.ph. Coins Pro is available in a web browser.




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