The Most Secure Platforms for Bitcoin Trading

While there are many different cryptocurrencies out there that can be bought, sold and traded, none comes close to Bitcoin. It is the largest cryptocurrency on the planet according to total market capitalization and is easily the most well-known of the bunch. As a result, there are many different exchanges and platforms that allow users to buy Bitcoin and trade it.

While there are a number of ways to compare each platform to one another, the security of each platform is arguably the most important. The last thing you want to happen is to get your personal information hacked or leaked, or lose your money as a result of an attack. Because of this, it is good to make sure you are using a completely safe and secure platform.

With that in mind, this article is going to look at a few of the most secure Bitcoin trading platforms out there in 2019 and beyond.

CEX.IO logo

One trusted Bitcoin trading platform with high levels of security is CEX.IO. CEX.IO was originally established in London as a cloud mining provider but has pivoted into being one of the best (and safest) Bitcoin trading platforms. It is not only available in many different countries around the globe, but its design is also quite simple to understand.

They also charge fairly minimal trading fees (0-0.25%) compared to many other exchanges and have helpful features. It supports a variety of different payment options, so you will surely be able to find one that works for you. Security of user information and funds is also very important to CEX.IO. They apply various different policies, one of which is KYC (know your customer) – it is all about verifying and knowing the identity of the clients. Another is AML (anti-money laundering), which ensures that nothing shady or illegal is taking place on the platform. These are designed to maintain privacy and increase security. CEX.IO also allows users to add two-factor authentication to their accounts in order to up the security even more. When it comes to payments, the exchange complies with the requirements of PCI DSS and is awarded the appropriate certificate. This means that CEX.IO has all the necessary security procedures in place to process and store cardholder data.


Bisq logo

While this platform isn’t as well-known as some of the others on this list, it definitely deserves a spot. Bisq is a completely decentralized and open-source Bitcoin exchange. This means anyone on the planet (with the knowledge) can check or analyze the code. The platform also never controls or manages the funds of users. This is because they are held in secure wallets that are controlled only by each user.

As a result of all of these features, there is no doubting the fact that Bisq cares a lot about security. In addition to what we have mentioned, all information is kept private and the platform in its entirety is available instantly without needing to prove your identity or register with an authority. However, despite all of these great and helpful security features, Bisq still remains simple and easy to use. While it may not have all the features and widespread adoption of other platforms, it is a great choice if security is your main concern.


Bittrex logo

Based in the USA and founded in 2013, Bittrex has quickly made a name for themselves in the cryptocurrency space. While they are known for having a wide variety of cryptocurrencies listed on their platform, they are also great for trading and buying Bitcoin as well. The company was founded by three professionals who used to work in the area of security for Microsoft, so it should be no surprise that security is a huge concern for them.

The platform uses many layers of security (including two-factor authentication) and is consistently updating their policies to ensure they are safe. Most of the currencies held on the platform are actually held in cold storage systems, which are less prone to hacks or attacks. This means most funds are kept offline until they are needed for some sort of transaction.


Kraken exchange logo

Kraken is another American cryptocurrency exchange platform that has become incredibly popular recently. Sure, the platform looks great, supports multiple currencies and performs well, but it is the security of Kraken that most people are raving about. In addition to securing and stabilizing the assets it holds, Kraken also remains compliant with legal standards and rules. Also, every single account at Kraken can be secured with 2FA and GSL. These measures minimize the risk of hackers getting access to your account and tampering with its settings.

Most coins are stored in cold or semi-cold wallets, with the only online (or “hot”) coins being needed to maintain and fund the operation of Kraken itself. Users also have a lot of control when it comes to security, which is a nice touch and will ensure everyone can have their account and information safe.


Coinbase logo

Coinbase is without a doubt one of the most popular exchanges for buying Bitcoin. It is based in San Francisco but can be used in dozens of countries all over the world. They have millions of users and it is easy to see why. The site is quite intuitive and fairly easy to use. They offer instant purchases, support for both credit and debit cards, and even a professional trading platform – Coinbase Pro.

They also take security seriously. They offer a multi-coin wallet, keep your information private as well as require verification to ensure it is really you making the purchases or trades. Not only that, but Coinbase has also partnered with many different institutions, so their deposits are insured, which isn’t too common in the cryptocurrency space. While they are a fairly basic platform compared to others on this list, they are still a quality choice and very secure as well.

Hopefully, this article has helped you learn about some of the most secure Bitcoin trading platforms. Of course, be sure to complete your own research to ensure that you find a platform that meets your needs and is secure.

DISCLAIMER: Be aware that the activity of cryptoassets mentioned in this article is unregulated. This article must not be construed as investment advice. Always do your own research.

Comments (No)

Leave a Reply