The Best Cryptocurrency Exchanges

What are Cryptocurrency Exchanges?

Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currencies. Picking the ideal cryptocurrency exchange platform for your specific needs may be a difficult and time-consuming process. Remember to pay attention to the fees, reputation, security, verification processes, and geographical services an exchange platform has to offer. 

Cryptocurrencies

Coinbase

Coinbase is probably one of the most popular and well-known brokers and trading platforms in the world. They makes it easy to securely buy, use, store and trade digital currency. You can purchase bitcoins, Ether and now Litecoin through a digital wallet available on Android & iPhone or through their trading platform: GDAX. They currently operate in the US, Europe, UK, Canada, Australia, and Singapore. GDAX does not currently charge any transfer fees for moving funds between your Coinbase and GDAX account.

Kraken

Kraken is the largest and one of the oldest Bitcoin exchange in euro volume and liquidity and is a partner in the first cryptocurrency bank. They let you buy and sell bitcoins and trade between bitcoins and euros, US Dollars and other fiats. It’s also possible to trade other digital currencies besides Bitcoin. The company also offers margin trading and a host of other trading features. Kraken is a great platform for more experienced traders.

Bitstamp

Bitstamp is based in the EU and was founded in 2011, same year as Kraken.  It offers advanced security features such as two-step authentication, multisig technology for its wallet and fully insured cold storage. Bitstamp has 24/7 support and a multilingual user interface and getting started is relatively easy.

ShapeShift

The company is the leading exchange that supports a variety of cryptocurrencies. Shapeshift is great for those who want to make instant straightforward trades without signing up to an account or relying on a platform to hold their funds. They do not allow users to purchase crypto’s with debit cards, credit cards or any other payment system. The platform has a no fiat policy and only allows for the exchange between cryptocurrencies.

Poloniex

The exchange offers a secure trading environment with more than 100 different Bitcoin cryptocurrency pairings and advanced tools and data analysis for advanced traders. One of the most popular trading platforms with the highest trading volumes. There are no fees for withdrawals beyond the transaction fee required by the network.

Binance

One of the most popular cryptocurrency exchanges worldwide. They provide you with an extremely low trading fee. Although the Binance platform is a young entrant into the market, it is rapidly growing, and holds a huge selection of cryptocurrencies.. The exchange offers its own coin termed as BNB (Binance coin).  They offer a standard trading fee of only 0.1% which can even be reduced further if the payment is made with in BNB.

Gemini

Gemini is a fully regulated licensed US Bitcoin and Ether exchange. That means Gemini’s capital requirements and regulatory standards are similar to a bank. Also, all US dollar deposits are held at a FDIC-insured bank and the majority of digital currency is held in cold storage. Gemini trades in three currencies, US dollars, bitcoin, and ether.  All deposits and withdrawals are free of charge. The platform is only available at this moment to customers in 42 US states, Canada, Hong Kong, Japan, Singapore, South Korea and the UK.

Bitsquare

This exchange is a user-friendly peer to peer exchange that allows you to buy and sell bitcoins in exchange for fiat currencies or cryptocurrencies. The company markets itself as a truly decentralized and peer to peer exchange that is instantly accessible and requires no need for registration or reliance on a central authority. They never holds user funds and no one except trading partners exchange personal data. The platform offers great security with multisig addresses, security deposits and purpose-built arbitrator system in case of trade disputes.

LocalBitcoin

LocalBitcoin is a peer to peer Bitcoin exchange with buyers and sellers in thousands of cities around the world. You can meet up with people in your local area and buy or sell bitcoins in cash, send money through PayPal, Skrill or Dwolla or arrange to deposit cash at a bank branch. They only take a commission of 1% from the sellers who set their own exchange rates. The platform rates each trader with a reputation rank and publicly displays past activities. Also, once a trade is requested, the money is held on LocalBitcoins’ escrow service. After the seller confirms the trade is completed the funds are released.

Bittrex

Bittrex is another crypto-only platform that charges slightly higher fees than Kraken, especially on larger trades. The company holds the majority of its funds offline, increasing its security, and has an excellent customer service reputation. It has no mobile app but offers almost 200 types of cryptocurrencies. Many beginner users buy Bitcoin using Coinbase, and then migrate their holdings over to Bittrex to use the more advanced features after they are more experienced. Its community reputation is similar to Kraken; it’s slightly more expensive on big trades, but also offers a smoother user interface.

Bitfinex

Bitfinex is a Hong Kong-based cryptocurrency exchange with expert-level features like spot trading and leveraged margin trading as well.
The charts on Bitfinex are particularly great, allowing to set your own patterns and set price alerts. The exchange also has high liquidity and large volume, meaning you can buy and sell without lag time.

Changelly

Changelly is a crypto exchange similar to ShapeShift. It is address-to-address so they never hold your funds.
There’s a simple frontend for buying bitcoin and converting it to whatever cryptocurrency you would like. Changelly transfers happen between addresses you own, rather than between accounts that the exchange controls. It’s super fast and efficient. There’s a mobile app too for making transactions on the go.

KuCoin

One of the strongest exchange that also offers a mobile app. Lot of exciting features including Margin trading, Exchange coin (KCS) and many more. They have been constantly updating their mobile app to make it one of the best in the industry.

Bitbuy.ca

The Canadian company’s mission is to provide convenient, dependable and secure access to digital currencies. Customer service, ease of use, and quick turnaround times for deposits and withdrawals are pillars of this platform. They cater to beginners as well as experienced traders, and are one of Canada’s quickest growing buy/sell platforms.

CoinMama

This exchange is great for those who want to make instant purchases of digital currency using their local currency. Although their service is available worldwide, users should be aware that some countries may not be able to use all the functions of the site. CoinMama is available in English, German, French, Italian and Russian.

Huobi

Huobi is one of the world’s largest digital asset trading and management service providers. The platform is only available to Chinese and US residents (excluding Alabama, Arizona, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, Washington, and all U.S. Territories.) Huobi offers a plethora of token trading options (Over 50 pairings). They offer their customers 24/7 free customer support. Fees for USD trades are .1% regardless of being maker or taker, all crypto to crypto trades are .05%.

LinkCoin

LinkCoin is an Over-The-Counter (OTC) cryptocurrency exchange. The exchange processes transactions autonomously via smart contracts. With a fully functional website and apps, the platform has the necessary technological infrastructure to provide users with a service that meets all of their investment needs. Linkcoin has 7 cryptocurrencies available for purchase plus, with some of the industry’s lowest transaction fees (zero buyer fees + 0.6% seller fees), they make buying and selling cryptocurrencies as affordable as possible. They accept interac e-Transfer, Bank Wire, AliPay and WeChat Pay.

ChangeNOW

ChangeNOW is a registration-free instant cryptocurrency exchange platform for limitless crypto conversions. This exchange has been on the market for more than a year now and has earned a reputation for reliable service with great rates. The exchange platform does not require account creation, processing fast transactions for more than 170 cryptos, as well as fiat-to-crypto purchases. The timing of the transaction remains rather short. Depending on the transaction volume, the processing speed can take as little as 2 minutes.

Cex.io

The platform lets users easily trade fiat money with cryptocurrencies and conversely cryptocurrencies for fiat money. For those looking to trade bitcoins professionally, the platform offers personalized and user-friendly trading dashboards and margin trading. They also offer a brokerage service which provides novice traders a simple way to buy bitcoin. Their website is secure and intuitive and cryptocurrencies can be stored in safe cold storage.



The safest way to store your crypto?
You can read our article about hardware wallets here.