Saudi Arabia is excelling in the use of crypto curry, which as a result, led to the opening of several cryptocurrency exchanges in Saudi Arabia.

Binance

Binance is a Maltese company that was founded by Changpeng Zhao and Yi He in 2017. Its headquarters is in Malta (EU). This company is a first-rate exchange company that is searching for an excellent marketplace so that they can execute real-time trade. Binance has more than 166 cryptocurrencies. With the help of this platform, both pros and the people who have just begun to use cryptocurrency have a variety of equipment and connect them to one robust trading platform.

Binance can take deposits from more than 50 currencies: EUR, RUB, GBP, JPY, USD, KRW, and AUD. Following are the advantages and disadvantages of this cryptocurrency exchange.

Advantages

  • Loyal management
  • Exchanges happen in large quantities
  • Their fees are very nominal.
  • The abundance of cryptocurrency pairs.
  • It gets its support from many other countries.

Disadvantages

  • This platform does not have a variety of payment options.

You can visit this platform on www.binance.com.

CEX IO

CEX IO is a company based in London, UK, founded by Oleksandr Lutskevych in 2013. It is a multipurpose cryptocurrency exchange responsible for its million customers worldwide, including Saudi Arabia. This company lets people purchase bitcoin with a debit card or a credit card effortlessly.

The best thing about this company is that it enables you to pay by various methods like SWIFT, ACH, SEPA faster payments, serves its customers 24*7, and is stable. It also accepts payments in many currencies like RUB, EUR, GBP, and USD.

Following are the advantages and disadvantages of this cryptocurrency exchange:

Advantages

  • This company is stable and loyal to its customers.
  • It is supported by its customers worldwide.
  • It doesn’t charge a lot of fees.
  • The purchases can be made with a credit card or debit card.
  • The online interface is safe for its customers.

Disadvantages

  • It asks for private information in the process of verification.
  • And the verification procedure takes a lot of time.

You can get in touch with this platform on its website www.cex.io

Paybis

Paybis is a company based in Glasgow, UK, which was founded by Innokenty Users in 2014. Paybis is an entirely digital cryptocurrency exchange, knows how to do quick and trustworthy transactions, and offers many payment options. This platform also accepts payment in various currencies like JPY, CAD, EUR, GBP, and USD.

Advantages

  • The limits are significant for various purchases.
  • A broad range of payment options.
  • It has a user-friendly online interface.
  • This platform is supported by many people all over the world.
  • The customer service is available 24*7 that too in many languages.

Disadvantages

  • Bank transfer takes almost 1-5 days for completion.
  • They charge a lot of fees.

For further information, you can visit www.paybis.com.

OkCoin

OkCoin is a company based in San Francisco, California, founded by Star Xu in 2013. OkCoin is one of the most well-known online asset exchanges, attractive for people with exceptional security, professionalism, and transparency. Its office is in Hong Kong, Korea, Singapore, Japan, Malta, and San Francisco. This cryptocurrency exchange accepts their payment in SGD, EUR, and USD. Advantages and disadvantages are mentioned below:

Advantages

  • Great customer service.
  • Latest trading equipment.
  • Charge low fees.

Disadvantages

  • The process of verification takes time and is very strict.

Kraken

Kraken is a company which is based in San Francisco and was founded by Jesse Powell in 2011. One of the biggest bitcoin exchanges provides a broad selection of international funding methods and cryptocurrencies.

It also has a provision dealing with institutional and individual investors, charting equipment, and real-time trading with the name of Kraken pro. Moreover, they openly accept currencies like USD, CHF, CAD, JPY, EUR, and GBP.

Advantages

  • This company has a very high reputation.
  • It gets supported by many countries across the globe.
  • This company has a trustworthy customer support.
  • The verification process is leveled and has been made easy for you.
  • They charge very affordable fees.

Disadvantages

  • There is no variety in payment methods.
  • Complicated UI.

Coinmama

Coinmama is an Israeli company based in Israel, and Laurence Newman founded it in 2013. Coinmama specializes in trading cryptocurrency and bitcoin immediately with the help of credit cards or even bank transfer and is also one of the most well-known cryptocurrency exchanges in Saudi Arabia and the entire world. This company welcomes customers with various currencies likE JPY, AUD, EUR, CAD, GBP, and USD. Some of the advantages and disadvantages are mentioned below.

Advantages

  • Its services are available all over the world.
  • It offers high purchasing limits.
  • The company is trustworthy and loyal.
  • It provides outstanding leadership and customer care.
  • The transactions happen quickly and safely.

Bittrex

Bittrex is a company which is based in Seattle, Washington, and was founded by Bill Shihara in 2013. This company is the biggest cryptocurrency exchange platform ever. This company works for people worldwide. This company only takes USD for fiat trading. Some of the advantages and disadvantages are mentioned below.

Advantages

  • It offers a wide variety of cryptocurrency pairs.
  • This company provides strict security as well as the privacy.

Disadvantages

  • It has a weak customer support.

Bitit

But it is a French company based in Paris and was founded by Nicolas Katan in 2015. This company is wholly operated from Paris, France, and is the most easily-reachable cryptocurrency exchange platform for purchasing and selling bitcoins. Bigtits take payments in various currencies: TRY, NOK, HKD, EUR, SEK, CNY, USD, DKK, CAD, ZAR, AUD, JPY, SGD, KRW, etc. GBP. The following are some advantages as well as disadvantages.

Advantages

  • Accepts payments in various currencies.
  • A wide variety of cryptocurrencies is available.
  • Buying limits are pretty high.

Disadvantages

  • The verification process is quite lengthy.

Paxful

Paxful is based in New York, US, and was founded by Ray Youssef and Artur Schaback in 2015. Paxful is an individual to the individual marketplace which encourages more than 300 payment options. This company lets the vendor offer their best services in all kinds of cryptocurrencies. Some of the advantages and disadvantages are mentioned below:

Advantages

  • It supports an escrow system.
  • Their system is secure, which means your information is safe with them.
  • They offer a variety of payment methods.
  • They have a user-friendly interface.
  • There are much variety of sellers.

Disadvantages

  • There is a risk that both buyers and sellers might get scammed.

LocalBitcoin

LocalBitcoin is a unique trading platform based in Helsinki, Finland, specializing in pairing sellers and buyers. Jeremias Kangas founded this company in 2012, and it offers vendors to deal in almost every currency.

Some of the advantages and disadvantages are mentioned below:

Advantages

  • This company is accessible all over the world.
  • It has a broad option of sellers as well as buyers.
  • This company encourages a variety of payment options.
  • Their clients get their bitcoins in no time.
  • This company protects all your private information.

Disadvantages

  • The availability of cryptocurrency is meager.
  • The possibility of being scammed is very high.