The best cryptocurrency exchanges

At the moment, there is a lot of platforms to choose from, but not all exchanges are created the same. This list is based on user reviews as well as a lot of other criteria such as user-friendliness, accessibility, costs, and safety. Here are some of the best crypto exchanges placed in no particular order.

Coinbase

Website: https://www.coinbase.com/

Supported by trusted investors and used by millions of customers worldwide, Coinbase is one of the most popular brokers and trading platforms globally. The Coinbase platform makes securely buying, using, storing and trading digital currency much easier. Users can buy Bitcoins, Ether, and even Litecoin now from Coinbase via a digital wallet available on Android & iOS or via peer-to-peer trading. GDAX currently runs in the US, Europe, UK, Canada, Australia, and Singapore.

Pros: Good popularity, security, reasonable costs, good for beginners, held currency is protected by Coinbase insurance.

Cons: Customer support, limited ways to make payment, needs to support more countries, non-uniform rollout of services globally, GDAX is fit for technical traders only.

Kraken

Website: https://www.kraken.com/

Established in 2011, Kraken is the biggest Bitcoin exchange in terms of volume and liquidity using Euro currency and is operating in the first crypto bank. Kraken allows you to buy and sell bitcoins and trade bitcoins for euros, USD, Canadian Dollars, British Pounds Sterling and Japanese Yen. You can also trade digital currencies that aren’t Bitcoin such as Ethereum, Monero, Ethereum Classic, Augur REP tokens, ICONOMI, Zcash, Litecoin, Dogecoin, Ripple and Stellar/Lumens.

Pros: Good reputation, acceptable exchange rates, low transaction fees, low deposit fees, lots of features, good user support, safe, supported worldwide.

Cons: Limited ways to make payment, not fit for beginners, confusing user interface.

Cex

Website: https://cex.io/

Cex.io offers a great array of services for using bitcoin and other cryptocurrencies. The platform allows users to easily trade fiat currencies with cryptocurrencies and vice versa. For anyone looking to trade bitcoins professionally, Cex.io provide customizable and user-friendly trade dashboards and margin trading. On the other hand, CEX also provides a brokerage service providing rookie traders an incredibly simple way to purchase bitcoin at prices that are more or less parallel with the market rate.

Pros: Good popularity, good mobile services, supports credit cards, good for beginners, reasonable exchange rate, supported globally.

Cons: Sub-par customer support, Kafkaesque verification process, expensive deposition.

Poloniex

Website: https://poloniex.com/

Established in 2014, Poloniex is one of the world’s flag ship in cryptocurrency exchange. The platform offers a safe trading environment with more than 100 different pairings of Bitcoins and complex tools and data analysis that advanced traders prefer. Poloniex is one of the most popular trading platforms and has the highest trading volumes. As a result, users will always be able to make from-A-to-Z transactions. Poloniex uses a maker-taker fee schedule tiered in volume for all trades so the fees change depending on whether you are the maker or the taker. For makers, fees go from 0 to 0.15%, depending on the traded volume.

Pros: quick account creation, lots of features, BTC lending, high-volume trading, intuitive interface, low trading fees, open API.

Cons: customer service takes tie to response, doesn’t support fiat currencies.

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