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Binance is one of the best and most verified crypto exchanges, so it’s defineitely a great place to start your crypto-investment. There are a lot of possibilities and facilities. It has many features for beginners and advanced traders. It grows really fast and currently implementing its own Visa cards. Really interesting place!
Kraken is one of the largest crypto exchanges. It operates in the United States (excepting New York), Canada Europe and Japan. Kraken offers you attractive, low fee system, one of the best security system and 24/7 customer service. It prides about its high liquidity and transaction fluidity. If you are an advanced trader it is the best choice for you.
Bitfinex is a solid cryptocurrency exchange. It was founded in Hong Kong. This market is a great platform for advanced traders. It offers an impressive amount of cryptocurrencies and a reasonable fee system. It has a number of additional features tailored for advanced users to make trading more convenient.
Bitpanda is a very developed crypto exchange. It has a leading position in Europe, but unluckily it’s not available in all countries. If you live within the Eurozone it’s probably the best option for you. It has quite low fees and a wide variety of payment methods. It’s a great place for beginners as well. Bitpanda offers a unique feature of purchasing digital precious metals.
Changelly is a very convenient place to trade your cryptocurrencies, they offer good flat fee and decent customer service. It's a fine place for beginners, however, it would be nice if company gives more details about its policy. It's also very appreciated by users around the world.
Bisq is a unique exchange in our juxtaposition because it is one of the rare decentralized exchanges, which makes it extremely secure and reliable. It has a great, simple interface, which makes it good for entry-level traders.
BitBay offers amazing services for worldwide customers. They overtake the competition because of their highly developed services and solutions. It’s definitely a verified place to start trading but maybe for more advanced investors. The most attractive thing is this amazing fee system. Account, cryptocurrency deposits, FIAT transfer and crypto to crypto market trades are free of charge! If you look for a cheap place it is definitely one of them.
If you are looking for a secure and fresh place to start investing, then KuCoin might be a good choice. Despite the fact that the firm was established not long ago, it has already proven to be trustworthy and reliable.
CoinFalcon is quite a new cryptocurrency exchange, however, it already gets noticed by more and more users. It is valued for its platform appearanece and liquidity. It has many good features and a wide range of digital assets to offer.
Poloniex is one of the most known cryptocurrency exchanges out there, especially by experienced users. Although it has been hacked recently, it seems to get back to the stability with solid services.
Coindirect is quite fresh exchange on the market. It focuses its field of service on African countries. It supports wide range of cryptocurrecies to trade. However, the company could improve its customer support and overall mobile app performance. Besides this Coindirect has a potentiall to grow.
LocalBitcoins is a direct marketplace among the other exchanges. It allows users to communicate directly and trade their digital assets between each other. What’s more, users accept a lot of payment methods.
Coinsquare is a Canadian-based cryptocurrency exchange. It is known because of its good security systems. Unfortunately, it accepts Canadian Dollars only which automatically excludes many users; however, it might be a very accurate choice for people from this country.
Coinmama is an exchange that values the user experience and customer service, hence the verification, transactions and support are very quick. It was the first brokerage service that supported payments with the use of Apple Pay. It is very straightforward, therefore it's great for fresh traders.
Huobi exchanage is recognized as one of the largest serving Asian market. It has an almost instant customer support and offers a wide range of additional features and extensions to make trading more secure and simple.
Cex exchange is one of the oldest services out there. It is well known on the market and it earned trust among its users. It offers additional features and it is good for people that just getting started.
ByBit is a pretty fresh exchange on the market. It has grown by focusing on serving the advanced traders and giving many additional features. The platform is clear and consistent. However, not so beginner-friendly.
Coinbase is one of the most popular crypto exchanges. It earned the status of a good place to start and indeed there are many fresh users every day. They offer many features and an integrated wallet. It is fully licensed in America which makes it a safe place to start.
Exmo exchange is a leading platform in Europe. It is well known and trusted by users. If offers many additional features and conveniences for both beginners and advanced traders. It is a great choice if you're living withing Euro-zone.
Paxful is a well-known cryptocurrency exchange in United States. It aims to become pioneer of peer-to-peer trading. It offers a lot of payment methods and very good security systems.
Paybis is popular cryptocurrency exchange in Europe. It provides decent services with high-quality support. It supports most of the countries with only a few exceptions. It has fair security and high transaction speed.
We made this guide to make sure you better understand the concept behind cryptocurrency exchanges and help you find the best one by explaining how they work in general. Let's jump straight to the topic!
Cryptocurrency exchanges are like the stock market, but instead of trading shares and bonds, you trade cryptocurrencies. Exchanges are platforms that allow their users to buy, sell and transfer their digital assets. There are many types of exchanges with different features, payment options and coins supported. However, let us start from the beginning.
In the past when the crypto market was on its early stage of development there were many scams and fake exchanges. However, when it all got more popular there were many restrictions imposed by a government and everything began to be legally controlled. Now cryptocurrency exchanges are treated as a regular financial institution and must obtain several certifications and legal statements to start working.
Well, when it's hard to pick only one, since every person has different requirements, we can still give you the criteria to consider when picking the best service for yourself.
This should be the first thing to look for. If the exchange of your choice does not support your country, unfortunately, you will not be able to use it. Make sure to go through the list of countries supported and whether your country has any limitations or restrictions.
If you are a beginner, it may be hard for you to get started with trading. Everything is new and you probably want to learn how it works. Without support in your language or language you understand you may find it very difficult and get discouraged. Most exchanges have English support for customers. However, some of them may provide customer service in your mother language as well!
When talking about the support it is important to check how the customer support works and how it is rated by other users. Sometimes the customer service team will be truly helpful, while on other platforms it may be poor.
This is one of the most crucial points of exchanges. Overall, everything is based on their security. Make sure that exchange provides high-security solutions (such as tokenization, encryption, two-factor authentication). It may prevent the hacker attacks (very rare, but sometimes happens) and protect your personal information and digital assets form stealing. If there is a wallet available, make sure that it offers cold storage.
Fees may vary based upon exchange and services offered. There are very cheap companies and too expensive. And it is hard to establish the principle that justifies it. Sometimes you can find a great cryptocurrency exchange that charges small fees, and you can find the complete opposite – a poor platform with ridiculous fees. Therefore, we recommend looking at the fees on the very end, when you are sure everything else is fine.
The first exchanges offered crypto-to-crypto trading only. Now, when everything went further you can pick from many payment options available. There are FIAT currencies support, bank transfers, credit and debit cards, SEPA transfers and many more. There are even exchanges that support payment options available for its country (for example iDeal in the Netherlands). Always check the payment options, because there are still some crypto exchanges that accept crypto transfers only.
When exchange gets popular it gathers more users and hence, more reviews. These are the most reliable. If that is possible read opinions and feelings of other users and gain a verified view on the exchange of your choice. What we can assure is that our reviews are reliable and based on hours of research. Therefore, you can use our website with confidence!
When you become an advanced trader, you will see that some of the additional features may be very helpful and you will look for companies that provide tailored solutions that cannot be found anywhere else. There are many extra features, for example, peer trading, margin lending and trading, brokerage service, business account, special payment options etc. Therefore, we advise to carefully review each company services and see if you can find the matching features.
This is an important point on our list. Though we place it at the end, always make sure that you pick the exchange tailored to your needs and the level of advancement. It would be bad to find yourself in a situation when you completely lost on the platform and you cannot use it properly. However, it is not so hard to check if it is beginner-friendly. Many exchanges clearly state what you can find on their platform
Finding the best cryptocurrency exchange is not a simple process. Nevertheless, it is worth it to find a reliable place to trade your digital assets that matches your needs and is convenient for you. Luckily, you don't need to spend hours doing your own research anymore because our platform provides all the necessary information mentioned above. Now, you can quickly review over 20 exchanges and compare their basic functionalities! We hope you found this guide useful and we wish you success on your path to becoming a wealthy crypto trader!