Best cryptocurrency exchange

01 Feb 2018 4:04 PM | Cryptocurrency
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When it comes to finding the best bitcoin exchange things are not all that easy. Why is this so? Simply because many of the best sites to buy bitcoin are rather recently online. This means that they have had little to get the word out about their services and products. Most people coming to this page will be asking how to buy bitcoin online through a secure means. Well, here is a good starting point. Let’s see how.

First thing to consider when looking for the top bitcoin exchange is how safe are the website and server. This boils down to asking: is it a trustworthy exchange providing transparent data of coins in cold storage (more on this later) and are customers happy? It’s also good to lookout for which currency pairs are available: are you looking to trade bitcoin for USD, Euros, or other fiat currencies. The location usually gives an idea of what’s on offer. However, the largest bitcoin sites usually have many options for buying bitcoin with government issued currency and altcoins.

The sheer complexity of researching where to trade bitcoin led me to make this blog. Although you should always do your own research before investing, I hope this helps. Below is the table of the best exchanges to buy bitcoin online. If you are new to cryptocurrency exchanges then lookout for the ‘beginner-friendy’ column.

Secure exchanges that are trustworthy and have good user ratings will rank higher than their peers. Extra points are given for sites to buy bitcoin with paypal, as many users request this feature. Ranking preference is also given for sites to buy bitcoin with credit card. Check out each option on the following best bitcoin exchange list. Be sure to bookmark this pagefor future reference.

The best bitcoin exchanges in 2017:

Coinbase.com
Coinbase combine an attractive interface, a great site to get bitcoins with a debit card, and multiple online wallets for your digital currency. Over 4,800,000 users are signed up, including 45,000 merchants, and 9000 developer apps. Works well for European, American, & Canadian customers. I’ve also written a comprehensive Coinbase review for more detail.

Pros

Really easy to use

Lots of long-time customers

Online wallet available

Cons

Slightly more work needed when verifying account


Bittrex.com
Bittrex has earned it’s place as the new contender to the throne of world’s largest crypto exchange. Years of hard work and some lucky circumstances (BTC-e shut-down, Poloniex exodus, Cryptsy) have compounded a steady inflow of new users. I’ll let you read the detail in my Bittrex review, which has some important facts and analysis.

Pros

Nearly 200 trading pairs

Currently the most visited altcoin exchange

Trusted by millions of traders

High volumes available for big trades

Cons

Heavy vetting requirements – especially for a non-fiat exchange

Minor scaling issues as users flow in to sing-up


Localbitcoins.com
Localbitcoins is quite a popular for p2p (person to person) transactions all over the world. Simply put, you interact directly with the guy selling to you. Out of all the bitcoin sites listed here, this is one of the first and most reputed. Escrow and dispute resolution is provided by the site.

Pros

Great way to meet people

PayPal also available

No verification needed

Popular in most countries

Cons

May take longer to conclude transaction

Risks associated with anonymous transactions

Some bank accounts have been suspended after receiving money


Cex.io
CEX is one of those international bitcoin exchanges accepting euros, British pounds, US dollars, Russian Rubles, Ethereum, Zcash, and Dash. Needless to say, CEX is very popular within those currency regions. There is a no-nonsense landing page, giving you the option to buy or sell 100, 200, 500, or 1000 USD worth of Bitcoin. I like the transparency given to users about how much they will actually pay – even before they sign up. Good security practices, a modern and simple user interface, and both bank transfer & credit card purchases are available. CEX is indeed a good beginner-optimized alternative to Coinbase. Read the comprehensive Cex review for more details including fees, verification, & security.

Pros

Bank transfer and credit card deposits

Very easy to use & great for beginners

Users know how much they will pay before even signing up

Buying and selling Ethereum is available

Cons

Recently Litecoin was unlisted


Kraken.com
Warning Kraken is no longer listed here due to persistent UI and trading engine issues. Kraken once worked well through SEPA, had an easy verification process, and was very knowledgeable when it come to cryptography and security. As of early 2017, this platform has been re-positioning themselves as a crypto exchange by adding multiple new altcoins. I’ve written an in-depth Kraken review with everything you need to know..

Pros

Cryptographic communications

Cheapest rates for trading, depositing and withdrawing

Worked well for Europeans and North America

Cons

Increasingly severe issues with Kraken trading engine, page timeouts, generating new deposit addresses

Recently disabled stop-loss and other trading features without giving explanation to the community

Site not as visually intuitive


Bisq.io
Bisq (aka “Bitsquare”) is not to be missed for the more technically advanced. A decentralized p2p platform that keeps you super safe. Over 60 crypocurrencies can be traded and you can even purcahse btc using a bank transfer, escrow, & trusted 3rd parties.

Pros

Incredibly advanced (technologically)

p2p AND decentralized

Trusted escrow system for bank transfers

Cons

Advanced level of IT comprehension needed


GDAX.com
GDAX is great for technical traders and offers good liquidity. Deposits are in USD and can be processed just as rapidly as withdrawls. Also happens to be the best ether

Courtesy: bestbitcoinexchange

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