Quid Pro Quo, simply put, Something for Something is what that has driven market forces from the time that we started to get things from others. The only difference today is that in place of Something for Something, its Money for Something. Money or Currency can be regarded as the single most important innovation that has led to the creation of market and trading mechanism that we know today.
Back in ancient times trading was possible only when what we wanted was in their hands and what they wanted was in our hands, which is known as the need for double coincidence of wants. Money as a medium of exchange changed this and allowed for the easier trade of goods and services. Over the years money has changed its forms in a lot of different ways. It started off as animals given certain value, for instance, a cow was forth 5 goats sort of thing. Then it became coins, bronze, silver and gold and now it is Paper currency.
But in the modern world paper currency is not the only currency, we have debit and credit cards, internet banking and what not for whatever we may want. Thus what historical progression proves is that this form is bound to change and keep on changing. Each stage has had watershed moments, the watershed moment for internet banking being the large scale development of technology and internet (obviously). Now it seems that we may now have come across another watershed moment, the advent of crypto-currency.
Crypto-currency to put it simply (as Google says actually) is a form of digital currency with encryption techniques which are used to regulate the generation of units of currency and verify funds transfers completely independent of a Central Bank. To make it more clear these are just really cool digital currency not regulated by a country’s central bank but are results of encryption techniques and which are used to transfer funds.
Crypto-currency is an emerging concept and was brought into the world by none other an Anonymous guy who founded the infamous Bitcoins which is the largest Crypto-currency brand now. Crypto-currency has a certain benefits that normal currencies just don’t have and as a result disregarding governmental apprehension people have somewhat started investing in it and Bitcoins is the clear favorites. So to those of who wants to invest in Bitcoins here are 10 sites you may want to check out. These sites are known as Bitcoin Exchanges. You can also buy bitcoin with credit card. Please do refer to the benefits of Bitcoins article already written at this link :
Caveat : This list cannot be considered in any order of preference as each investor has his own needs to be met while invest. This serves only for informational services about trustworthy exchanges.
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LocalBitcoins is an exchange with presence over 240 countries and 14400 cities across the world. An account has to be created for trading and the current price for a bitcoin is 1871$. Registering, buying and selling is completely free and a charge of 1$ is charged from users who display advertisements.
With a total of 6 bn dollars exchanged in digital currency Coinbase is a behemoth of the Bitcoin Exchange Industry. It supports 33 countries around the world and has served a total of 6.8 mn customers. One bitcoin is currently priced at 1,889.40$. The purchase process is simple, a user has to sign up, then enter bank details and then buy. The merchant provides services such as insurance cover to the bitcoins saved in their server etc.
With a very interactive and very informative web site Bittrex is a leading Bitcoin exchange which supports over 190 kinds of crypto currency starting from Bitcoin to Blackcoin. The last price for bitcoin was 1895$.
Kraken is the world’s largest bitcoin exchange in terms of Euro volume and liquidity and is an exchange dealing extensively in bitcoin trading along with related ethereum trading etc. An account has to be registered for purchase of bitcoins. For viewing the price at this exchange an account has to be created. However latest trade details available reveal price to be roughly around 1720$.
We sell Crypto is an exchange that deals with all crypto currency and not just bitcoins. It works in coordination with PayPal to offer its services to various customers. The site provides Dogecoin, Bitcoin, Litecoin etc and after verification purchases can be made and the site claims that the coins can be in one’s possession in less than sixty seconds. Bitcoin is priced at about 2100$.
Blockchain, a company named after the technology which runs Bitcoin is a leader in the trade of digital assets. Over a 100 million transactions over 140 countries has taken place in this exchange with more than 13 million wallets (customers). The market price was 1848.5$ and a total trade volume of 82,571 BTC has taken place (as per exchange statistics) on the day of writing this article.
Poloniex is a crypto coin exchange that allows for very well informed decision making with the various charts and statistics it provides under the Exchange tab. Apart from this real time charts there is also a chat window where people talk freely about their trade and its various aspects and experiences. The method of purchase is the same.
With presence in over 40 countries xCoins is another decent Bitcoin exchange that has over the years served a total of more than25K customers. The price of the coin is not display on the site. The site has 24/7 support. The price was pegged at 1864.99$.
With a slew of advanced features Bitfinex as the exchange proudly claim is the largest and most advanced Bitcoin trading platform along with other crypto currency. It has had a weekly transaction of 758,858,678$ worth of crypto currency transaction and its 30 day volume is in the billions.
10. CEX IO
With the price of BTC pegged at 1885.10$ CEX IO is an advanced Bitcoin trading system that use high level algorithms to find the perfect match for it’s investors. It provides a user with market information and other services which is common to all the sites mentioned above.
Describing these sites without actually investing through them will be a fool’s endeavour. This information barely scrapes the top of what these exchanges are. Each of them provide the same set of services, but the way these are provided may be unique. In order to know this a user will have to use all these exchanges which is unnecessary. These are however trustworthy sites and the registration is Free. Feel free to check all of them out, buy BTCs and write a investor’s review instead of one that introduces it.