Exchanges

Choosing the right exchange

Before choosing an exchange to buy or trade cryptocurrencies, it is important to do your homework. Below you will find a few things you should check before making a decision. To save you some of this homework, every exchange has received a rating which take into account the following:

Reputation
The best way to find out about the reputation of an exchange is to search through reviews from individual users and well-known industry websites.
Fees
Most exchanges should have fee-related information on their websites. Before joining, make sure you understand deposit, transaction and withdrawal fees. Fees can differ substantially depending on the exchange you use.
Payment Methods
What payment methods are available on the exchange? Credit & debit card? wire transfer? PayPal? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.
Verification Requirements
The vast majority of the Bitcoin trading platforms both in the US and the UK require some sort of ID verification in order to make deposits & withdrawals. Some exchanges will allow you to remain anonymous. Although verification, which can take up to a few days, might seem like a pain, it protects the exchange against all kinds of scams and money laundering.
Geographical Restrictions
Some specific user functions offered by exchanges are only accessible from certain countries. Make sure the exchange you want to join allows full access to all platform tools and functions in the country you currently live in.
Exchange Rate
Different exchanges have different rates. You will be surprised how much you can save if you shop around. It’s not uncommon for rates to fluctuate up to 10% and even higher in some instances.
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    Binance
    Exchange rating:
    10
    Binance is world's largest altcoin exchange. It offers many cryptocurrency markets with high liquidity and low fees. Every cryptocurrency enthusiast should have a Binance account!
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    Coinbase
    Exchange rating:
    9
    Coinbase is the world's largest Bitcoin broker. They represent an easy and fast way for new users to purchase Bitcoins. Coinbase supports over 30 countries, including the US, Europe, UK, Canada, and Australia.
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    LiteBit
    Exchange rating:
    8
    Litebit is a Euro based exchange where many different cryptocurrencies can be bought directly. It offers many payment methods and is very beginner friendly.
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    Coinmama
    Exchange rating:
    7
    Coinmama is an exchange that serves almost all countries in the world for buying Bitcoin and Ethereum with credit cards. Coinmama offers a very easy buying process and therefore is beginner friendly.
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    Changelly
    Exchange rating:
    7
    Changelly offers an easy to use interface for exchanging a wide variety of cryptocurrencies. It combines rates from different exchanges to offer you the best price.
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    CEX.io
    Exchange rating:
    8
    CEX.io is a UK based cryptocurrency exchange, which values high security and legal compliance. It offers a wide variety of trading tools. A traders delight but might be confusing for first time buyers.
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    BitPanda
    Exchange rating:
    7
    BitPanda is a Austrian based exchange that offers a variety of cryptocurrencies. With a wide variety of payment options and customer friendly user interface, it is a good choice for buying cryptocurrencies.
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    Bitonic
    Exchange rating:
    7
    Bitonic is a Dutch Bitcoin broker. It offers a simple user interface and is therefore very beginner friendly. Users can buy Bitcoin directly with iDeal and receive the Bitcoin directly in their wallet.
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    BitMEX
    Exchange rating:
    8
    BitMEX is an exchange geared to more advanced cryptocurrency traders. It offers high liquidity and a range of cryptocurrency derivatives as futures. However, it can also be used for just buying cryptocurrencies.
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    LocalBitcoins
    Exchange rating:
    8
    LocalBitcoins is a long running service and offers an easy and private way of buying Bitcoins. It is one of the only platforms where Bitcoin trading with cash is facilitated.
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    HappyCoins
    Exchange rating:
    6
    HappyCoins is one of the longer running Bitcoin only exchanges. It offers a pleasant buying experience with a wide variety of payment options and the occasional 'HappyHour' with 0% trading fees.
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    Cointed
    Exchange rating:
    6
    Cointed is a Austrian based exchange offering euro markets for a variety of cryptocurrencies. This exchange allows for direct buying or for trading on the exchange offering an integrated wallet.
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    BL3P
    Exchange rating:
    6
    Bl3P, as a subsidiary of Bitonic, is a long running and trusted Bitcoin exchange. It services all European countries. It is one of the smaller exchanges and therefore has limited liquidity.
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    Bitrush
    Exchange rating:
    7
    Bitrush is a Dutch cryptocurrency broker that allows for a very smooth buying process of various cryptocurrency. With only a few clicks you can buy cryptocurrencies and have them sent directly to your wallet!
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    Bitcoin.de
    Exchange rating:
    7
    Bitcoin.de is the longest running German Bitcoin exchange. It offers high security and regular audits on their funds. It offers a moderate user experience.
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    Anycoin
    Exchange rating:
    8
    Anycoin is a Dutch cryptocurrency broker which allows you to buy multiple cryptocurrencies directly with a wide variety of payment options. Easy user interface makes it beginner friendly.
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    Bittrex
    Exchange rating:
    8
    Bittrex is a cryptocurrency only exchange. It is used by most seasoned traders and offers many advanced tool. Because of the many users most cryptocurrency markets have high liquidity.
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    ShapeShift
    Exchange rating:
    9
    Directly exchange cryptocurrencies with shapeshift. The elegant user interface makes it easy for beginner to exchange their cryptocurrencies against fair market prices.
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    Bitfinex
    Exchange rating:
    7
    Bitfinex is a widely used cryptocurrency exchange. It offers very low fees and high liquidity. For traders and large buyers this is a go to exchange as it offers fair market prices, even for big amounts.
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    KuCoin
    Exchange rating:
    8
    New and upcoming exchange offering many cryptocurrencies. This exchange is a delight for everybody that wants to get into trading. KuCoin is a cryptocurrency only exchange.
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    Kraken
    Exchange rating:
    8
    Kraken offers cryptocurrency markets for multiple fiat currencies. It is a highly financed and trusted exchange and often publishes audits of its funds.
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    Bitstamp
    Exchange rating:
    9
    Bitstamp is one of the longest running Bitcoin exchanges and now offering various other cryptocurrencies. It has very low fees, and a good range of payment options.
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    BTC Direct
    Exchange rating:
    7
    BTC Direct offers a service to directly purchase cryptocurrencies with fiat. A simple user interface in combination with a low minimum order amount makes the buying process easy for first time buyers.
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    Coinfloor
    Exchange rating:
    7
    A UK base regulated and trustworthy exchange. Its GBP markets are one of the most liquid GBP markets and therefore is a good choice for UK citizens. Coinfloor also offers Coinfloor Vaults, a secure storage solution.
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    Cubits
    Exchange rating:
    7
    Cubits is a european exchange offering bitcoin markets for 20 different fiat currencies and a wide variety of payment methods. With its intuitive design, buying Bitcoin is made easy.
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    GDAX
    Exchange rating:
    8
    GDAX is the cryptocurrency exchange linked to Coinbase, worlds biggest cryptocurrency broker. It offers low fees and high liquidity. While good for traders, first time buyers are advised to go to Coinbase.
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    itBit
    Exchange rating:
    6
    ItBit is a US based exchange with low fees. Due to deep liquidity you can always be assured that you get a fair market price! ItBit also offers an OTC trading desk.
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    Paymium
    Exchange rating:
    6
    Paymium offers advanced trading as well as simple Bitcoin buying via their mobile app. It serves the European market and has a variety of payment options.
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    Poloniex
    Exchange rating:
    5
    Widely used and long running cryptocurrency only exchange. Offering advanced tools and high liquidity, Poloniex should mostly attract seasoned cryptocurrency traders.
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    Safello
    Exchange rating:
    7
    Trusted Swedish exchange with a wide variety of payment methods for European customers. This exchange is especially known for their excellent customer support.

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