Do you know about cryptocurrency exchanges? They are platforms that allow you to trade cryptocurrencies for other assets, also fiat and digital currencies. In other words, cryptocurrency acts as a mediator between the buyer and the seller and makes money through transaction fees and commissions. So, for example, you can exchange $100 for bitcoin of equivalent value and vice versa on a typical crypto exchange. Similarly, you can also trade $100 worth of bitcoin with Ethereum of the same value. So the point is that this same concept is working on different assets based on what the exchange offers.

List of Cryptocurrency Exchanges in Bangladesh

  1. Cex.io:

    It is one of the secure and trusted cryptocurrency exchanges in Bangladesh. Its reputation in the market makes it stand on the top all over the world. It also has a client base of over 4,000,000. Cex.io is a regulated platform with enhanced reliable security, has a substantial history, and understands its customer’s requirements. It is one of the simplest and easiest crypto exchanges to trade or buy cryptos. It has extensive coverage worldwide and is very easy to use. Cex.io has its headquarters in the United Kingdom and London. Some of its features include:

    • Payment options: One of the attractive features is that multiple payment options are available- ACH, Faster payments, credit and debit cards, deposit USD, GBP, RUB, EUR, and SWIFT, etc.
    • Reliable: It offers high-frequency trading, favorable market-making conditions, advanced order matching algorithms, scalping strategies, and a high liquidity order book.
    • 24/7 customer support: You can clear your queries anytime through mails, phone calls, and live chats.
    • High security: It provides cryptocurrency cold storage, full data encryption, safeguards your funds, and protects you from DDoS attacks.
    • Attractive commissions: It provides solid offers for market makers and reasonable fees for makers and takers.
  2. ByBit:

    It is a comprehensive and intuitive crypto trading platform. You can sell and buy cryptocurrency here at the best rates through liquidity providers. If you wish to stay ahead in the market, you can approach Bybit and get competitive market liquidity and real-time market data. It is a crypto platform where one can trade tension-free. You will also get answers to your queries anytime through 24/7 support. ByBit is among the fastest growing and trustworthy cryptocurrency exchanges. It has more than three million registered clients. They understand the market and customers’ needs and provide an innovative and professional experience to their users across the globe. It is a reliable crypto exchange platform. Their team consists of early blockchain adopters, industry enthusiasts, and pioneering foreign exchange and investment banking industry professionals. Some of its key features are:

    • User-friendly platform
    • Smart trading system
    • 24/7 multilingual support
    • HD cold wallet
    • Best-in-class market
    • Powerful API
    • State-of-the-art pricing system
    • Excellent system functionality
  3. Binance:

    It is one of the largest crypto exchange platforms where you can sell and buy crypto in minutes. It also helps build the future of technology, and you can start your career too at binance. They aim to increase the freedom of money globally. They have a very talented, passionate, and hardworking team. You can seek their assistance 24/7. You can trade here safely and conveniently. They have a blog where you can update yourself with the happenings from the world’s leading cryptocurrency exchange. They make it easier for everyone, whether you are new to buying bitcoin or an active trader. The key features of this platform include:

    • 24/7 support
    • Easy for beginners and pros
    • Send and receive crypto instantly
    • Trade futures and options
    • High security
    • Widest selection of supported assets
  4. Etoro:

    eToro is a versatile and innovative crypto trading platform. Here you can trade ETFs, cryptocurrencies, stocks, and commodities. It is effortless to use and a trustworthy platform. It has millions of satisfied users and is one of the leading cryptocurrency exchanges. It provides a comprehensive crypto trading experience to every investor. It has a user-friendly platform, where you will find much more than just trading. You can also connect with over twenty million users across the globe and reach top-performing traders easily. Here are some of the features of this trading platform:

    • Real-time insights
    • Hassle-free payments
    • Easy to use
    • Lightning speed
    • Customized risk management
    • Trusted by millions
  5. Kraken:

    It is one of the oldest and largest cryptocurrency exchanges in the world. Founded in the year 2011, it has now emerged as a significant cryptocurrency industry. You will find it in almost every country. It is straightforward to use with great speed. But it might be hard for the newbies. The headquarters are in the United States, San Francisco, and California. Kraken is one of the secure and safest exchanges in terms of data security and crypto. Here are some of the attractive features of this cryptocurrency exchange platform:

    • A world-class team of security experts
    • High-liquidity exchange
    • 24/7 global support
    • Low fees and better funding options
  6. Bittrex:

    It is a US-regulated crypto exchange with a team of 50years of experience in computer security. It has small fees and highly focuses on safety. Payment methods are debit and credit cards, USD, EUR, SEPA transfer, wire transfer, and bank transfer. Due to its next-level security, it is the most trusted cryptocurrency exchange. They have fast, robust technology to provide real-time order execution under heavy demand. And that is the reason they have satisfied clients all across the globe. Here are some features that make Bittrex different from other cryptocurrency exchanges:

    • Fast deposits and withdrawals
    • Safe and trusted platform
    • Driving innovation
    • Custom-built trading engine
    • Global clients
    • Commitment to compliance
  7. Coinmama:

    It is one of the leading cryptocurrency exchanges. You can buy and sell bitcoin and other cryptocurrencies through bank transfers or credit or debit cards. It has over two million customers and is a simple exchange that allows safe, quick, and secure transactions. Their expert team is always ready anytime for the clients’ queries and support. It also offers fast delivery. Some of the fantastic features of Coinmama are:

    • Offers multiple payment options
    • Get your favorite coins
    • Instant delivery
    • Fast track verification
    • High spending limits
    • Anytime support
  8. Changelly:

    It allows its user to exchange one cryptocurrency for another. You can do so by using a bank card. It is easy to use and a trusted platform. It has the best exchange rate for XRP, ETH, LTC, ADA, and other cryptocurrencies. You will receive 24/7 live chat support on this fast and secure cryptocurrency exchange platform. It has been serving since the year 2015 and continues to offer its flawless service to the customers. You can enjoy an instant exchange with top-class security. Key features of this platform include:

    • Instant exchange
    • No deposit storage
    • More than 2million satisfied customers
    • High-class security
    • Prominent and reputed platform
    • Reliable

Things to keep in mind while choosing your exchange

There are lots of scammers out there in the crypto world. Therefore the careful analysis is critical. Some of the points you need to check while choosing your exchange are:

  • First of all, check the geographical availability. Then, check whether it is possible to use that particular exchange in Bangladesh or not.
  • Another essential thing to note is that whether the payment method they are offering is suitable for you or not. For instance, some exchanges allow you to buy bitcoin with a credit card in Bangladesh but not through a Bank transfer.
  • You have to make a clear idea of how much you are willing to pay in terms of fees because purchasing bitcoin through credit or debit cards demand higher fees.
  • You also have to check the delivery time. As time is precious, you must go for the exchange that offers fast delivery. On the other hand, the exchange that goes through the KYC process takes time. So keep all these points in mind while ending up with a final decision.

Conclusion

The centralized cryptocurrency exchange is one of the essential tools for transacting by digital currency investors. Centralized cryptocurrency exchanges are online platforms where you can sell and buy cryptocurrencies. It is one of the most common means by which investors buy and sell cryptocurrency holdings. Those mentioned above were some of the cryptocurrency exchanges in Bangladesh.

Buying cryptocurrency in Bangladesh is completely legal and 100% safe and secure. It is effortless to purchase bitcoin in Bangladesh, and that too very safely. It would be best to choose according to your requirement from the above list of best cryptocurrency exchanges in Bangladesh.

Remember to reach the appropriate website and do not end up in any scam websites. Now you have to complete the process of registration and the KYC completion process. Then you can quickly deposit your fiat currency, and depending upon the payment method process can take time. If you wish not to lose your money in exchange hacks, you can also move crypto funds to your wallet.