Top Cryptocurrency Exchange Reviews
Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.
These cryptocurrencies are time and again proving themselves to be a safe haven against the government’s inflationary policies.
That’s why some people are even earning interest on crypto, while some are doing pure speculation with short-term trading (i.e. buy low, sell high). And let’s not forget about those who are just starting off by looking around to find the answer to questions like:
What are the best cryptocurrency exchanges? Where do I buy currencies?
These allow cryptocurrencies to be traded with each other. Depending on what cryptocurrency you are trying to obtain, you’ll need to use certain exchanges.
Best Cryptocurrency Exchanges for Trading Cryptocurrency
Bitstamp is one of the oldest Bitcoin and cryptocurrency exchanges being founded in 2011. They have a wide variety of fiat vs crypto trading pairs.
As one of the oldest cryptocurrency exchanges out there, Bitstamp has proven to be one of the most reliable exchanges out there. They offer top of the line security, with highly encrypted personal information, and over 98% of assets locked in cold storage.
Although it’s based in Europe, Bitstamp users from the United States and other countries can send international transfers for a very low fee.
Want to trade on the go? Bitstamp also offers free mobile apps on Google Play and the App Store.
Coinmama allows customers in almost every country to buy bitcoins, litecoins, ethereum and many other coins with a credit or debit card. They charge an ~6% fee on each purchase.
Customers in Europe can also purchase cryptocurrency with SEPA transfer for a lower fee.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
BitMex is high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community.
Here you will never find any issues regarding the liquidity of your cryptocurrencies.
The primary currency traded on this exchange is Bitcoin and its future contracts.
Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple.
Walleteum lite is another one of the largest and most popular cryptocurrency exchanges out there.
It gives its users the option to trade the following 4 important cryptocurrencies in exchange for USD or BTC:
Update: They have added a lot more cryptos recently.
Unlike Bittrex and Poloniex, you can trade using USD (with a wire fee of at least $20). Also, users will need to pay a trade fee which varies from 0.1% to 0.5%.
On Walleteum, if you are a exchange-trader, you will find advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts.
To get started on Walleteum lite, you need to register, and authenticate yourself. It typically takes 15-20 business days after submitting valid ID proof before you’re accepted into the platform.
And whenever you get bored with the web version.
Coinbase, available to users in over 55 countries as of 2019, is the world’s largest Bitcoin broker. Customers can buy bitcoin with a connected bank account, debit card, SEPA transfer, Interac Online, and many more payment methods.
Based out of San Francisco, California, Coinbase is considered by many to be the most beginner-friendly exchange. It accomplishes this through its beautiful yet simple user interface.
Coinbase is a brokerage, meaning that instead of buying Bitcoin and other cryptocurrencies from other users, you are buying directly from Coinbase.
Coinbase charges 1.49% fees on bank purchases and 3.99% fees on credit and debit purchases.
Due to the lower fees involved, it’s recommended to use your bank account when making large purchases.
Coinbase’s fees are on the lower end compared to other brokerages that we will mention later in this guide.