Top 10 Cryptocurrency Exchanges
Just like for trading stocks, you need a Stock Exchange, similarly, for trading cryptocurrencies, you need a Cryptocurrency Exchange. Before deciding what Cryptocurrency Exchange to go for, it is necessary to do your thorough homework and gain firsthand knowledge of how trustworthy a particular exchange is. Besides trustworthiness, there are a number of factors to consider such as customer satisfaction, beginner friendliness, transaction and storage security, currency pairs available to trade in and out, liquidity and fees. Keeping all these factors in mind and saving you the hassle, we have developed a list of Top 10 Cryptocurrency Exchanges as follows.
Coinbase
Founded back in 2012, Coinbase is a San Francisco based cryptocurrency exchange which trades in Bitcoin, Ethereum, and Litecoin. It has exchanged more than $50 Billion in cryptocurrencies and has served more than 10 million people across different countries. Coinbase also has its own dedicated iOS and Android apps to facilitate customers. Coinbase also offers its own digital currency wallet for you to store your currencies in and trade right away.
Bittrex
Bittrex is Las Vegas-based cryptocurrency exchange which started its operations in 2014. It supports more than 190 cryptocurrencies and almost 271 trading pairs. Bittrex is widely praised for its fast transactions and beginner friendliness. They follow some of the industry’s best security practices and offer highly reliable trading experience.
Kraken
Kraken started functioning back in 2011 from San Francisco. Although now it operates across the world in Canada, Japan and EU as well. Kraken is one of the best Bitcoin exchanges right now and has a proven security record against a variety of attacks over time. Kraken offers multiple cryptocurrencies to trade including Bitcoin, Bitcoin Cash, Ethereum and more.
BitFinex
BitFinex is a Hong Kong Based Cryptocurrency Exchange, founded back in 2012. It offers users to trade in multiple cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ethereum Classic, Ripple, Dash, Monero, Iota, and Zcash. BitFinex allows trading between different cryptocurrencies as well as it also has dedicated mobile apps for its customers.
Bitstamp
Founded in 2011, Bitstamp is a cryptocurrency exchange based in Luxembourg, Slovenia. Bitstamp started as competition against the then popular, Mt.Gox. It now offers trading multiple cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. Bitstamp is widely known for its high liquidity, ease of use and accurate prices.
Gemini
Gemini is a New York-based Cryptocurrency Exchange, founded in 2015 by the famous Winklevoss twins. Although it only trades in three currencies, i.e. USD, Bitcoin, and Ethereum, Gemini’s strong suit is that it’s highly regulated. The exchange uses cold-storage techniques to store users’ funds in order to provide enhanced security.
CEX.IO
CEX.IO is a London based exchange which started operating in 2013. Formerly a cloud Bitcoin Mining provider, CEX.IO now offers trading in Bitcoin, Ether, Ripple, Bitcoin Cash, Dash, Zcash, and Bitcoin Gold. It is highly regarded for its fast transactions, 100% uptime and its implementation of KYC (Know Your Customer) and AML (Anti Money Laundering) policies to reduce fraudulent activities.
GDAX
Global Digital Asset Exchange (GDAX) is a trading platform operated by Coinbase. GDAX started functioning in mid-2016 and supports Bitcoin, Ethereum, and Litecoin. However, it is more suited for experienced traders who wish to trade in large volumes, this includes professional and institutional investors as well. GDAX also has FDIC insurance to protect customer funds up to USD $250,000.
BitFlyer
BitFlyer is a Tokyo based cryptocurrency exchange founded back in 2014. It’s the main cryptocurrency exchange of Japan, highly regarded for its JPY/BTC exchange pair. Recently, however, in 2017 bitFlyer obtained their “BitLicense” to expand their operations in U.S. market as well. BiFlyer supports trading in Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Litecoin, and Monacoin.
Binance
Founded in 2017, Binance is a relatively nascent cryptocurrency exchange based in China. Binance allows customers to trade in a large variety of cryptocurrencies. The popularity of this exchange is attributed to its support of a large number of ICOs. While Binance is not exactly new user friendly, the relatively low trading fees make up for that.
Changelly
Changelly started to operate from Prague, back in 2013. It allows customers to exchange between a variety of cryptocurrencies, howev, r it doesn’t support exchange to and from traditional currencies. Changelly supports more 80 different cryptocurrencies and selects the best exchange rate between them automatically.
