Bitcoin vs usd chart
With the rising popularity (and market price) of Bitcoin millions of people around the world are exploring which are the best services to start using the digital currency.
The basic functionality needed is a place to store, send, and receive bitcoins, but after that the question everybody asks is : Where do I buy and sell them?
The two most popular digital currency exchanges in the world for trading bitcoins against US dollars are and .
Japan based Mt.Gox is the historic leader in Bitcoin exchanges although recently it lost market share due to regulatory and compliance issues in the United States.
However, Mt.Gox’s losses have been Slovenia based Bitstamp’s gains in trading volume. Also accounting for its success Bitstamp has a high focus on customer service and efficient back office operations.
How do they compare?
The basic currency exchange functionality is adequately delivered by both companies, but the areas where they differ might be the keys to deciding which one to use.
Buy and Sell: Both services provide a fast execution service when users enter their orders. In both cases adequate speed and liquidity are provided. This is key especially in recent fast moving markets.
Deposit/Withdrawal Efficiency: As mentioned above Mt.Gox has had difficulties with regulators in the US and they even seized funds from their US bank accounts.
awals within normal time frames in the last few months. Although they have been working diligently to solve these significant delays they are still having some trouble according to customer complaints in different public internet forums. In the case of Bitstamp they have maintained an adequate deposit and withdrawal system with US dollar transfer processing usually taking between 2 to 5 business days.
Price Efficiency: Due to the issues mentioned above Bitcoin pricing against the US dollar has been inefficient on Mt.Gox. This has not affected the normal bid/offer spread, but the absolute price level within the exchange as compared to other markets, including Bitstamp, has been at times significantly higher. This is due to the preference of traders to be able to deposit and withdraw their funds within reasonable time frames in the other markets.