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Top 10 Best Bitcoin and Cryptocurrency Exchanges 2018

Cryptocurrencies have taken the world by storm. Who would have thought Bitcoin, which started at a market value of $0.08 would now be selling for over a $10,000. Naturally, this created an ever-growing demand for Cryptocurrencies like Bitcoin, Litecoin, and Ethereum.Everyone seemed to be looking for a way to buy these currencies. As more and more people looked towards these currencies as potential investment opportunities, several Exchanges were established for facilitating the trading of these currencies.

Following is a list of top exchanges which offer stellar services and are renowned all over the world for their customer satisfaction.

If you ask anyone even remotely familiar with cryptocurrencies about the best exchange, you will undoubtedly get the word Coinbase thrown at you.Coinbase has been around since 2012. The exchange steadily grew to become as big as it is today. Coinbase has been designed from a user-friendly standpoint. Everything from the interface to the user-friendly nature of exchange options has been added to make trading as simple as possible. You can buy Cryptocurrencies like Bitcoin, Litecoin, Ripple and Ehtereum through a credit card or a bank transfer (assuming you are living in either USA or Canada).

Features of Coinbase

  •  An Android and IOS app that also serves as a wallet
  • Low transaction fees
  • Insured stored currencies

And you can see why Coinbase is considered by many as the best in the business.

  • 2 Kraken

If Coinbase is just too basic for you and you want more trading options like marginal trading, then look no further than Kraken. Kraken was founded in 2011 and since then have become the largest exchange regarding euro trading and the liquidity of its assets. Kraken is the only exchange that allows trading Cryptocurrencies in Euro as well as USD and Japanese Yen.

Kraken Features

  • Low transaction fees
  • Acceptable exchange rates
  • Worldwide support
  • Highly secure database

Kraken is the perfect choice for anyone looking for a reliable exchange that gives them plenty of trading options and secures their identity and assets from theft.

  • 3 Bittrex

Being one of the very few regulated exchanges, Bittrex was going to be on this list. But being regulated doesn’t mean an exchange is worth your time and money. So what made us recommend Bittrex? Bittrex is not only regulated but is also legally compliant with the United States law. It was one of the very first exchanges to receive New York’s Bitelicense, a legal requirement for any broker.

Bittrex Features

  •  Support for 190+ cryptocurrencies
  • Worldwide availability
  • State of the start security protocols
  • Lighting fast transactions
  • Easy withdrawals

Considering Bittrex’s numerous advantages over its rivals, it’s not hard to see why veteran traders recommend Bittrex.

  • 4 Bitfinex

Bitfinex’s claim to be”The worlds largest and most advanced trading platform” is backed by many seasoned traders. Based in Hong Kong, Bitfinex offers a state of the art trading experience. Bitfinex also serves traders with different trading strategies such as Marginal Trading, Marginal Exchange, Leverage Trading and many more.

Trading currencies like Bitcoin, Litecoin, Ethereum, Ethereum Classic, Zcash, OmiseGo, Dash, Qtum among many other is at your fingertips due to Bitfinex’s mobile trading application. Available on both Android and IOS, the app also serves as your wallet aside from showing you dynamic market index, price charts, your current status and fine grain details if you so desire.

Features of Bitfinex

  • Speedy transactions
  • Low transaction fees
  • Secure and regularly updated platform

And you end up with one of the best trading platforms o the market.

  • 5 Shapeshift

Shapeshift is another big name in the cryptocurrency market. Not because it is the biggest or has tremendous liquidity, but because of its unique business model. You require no account on their website. Everything is done without you signing up for something. You enter your desired currency and pay for it. Simple as that.

As good as the above model sounds, it also has a catch. You can’t pay for cryptocurrencies using fiat currency like USD. Every transaction is done regarding other cryptocurrencies.

shapeshift Features

  •  Super fast transactions
  • Reasonable fees
  • Highly secure due to not storing customers data
  • Highly competitive exchange rates.

Nothing beats the convenience of using Shapeshift when you only want to exchange your current currency with an alternate one.

  • 6 GDAX

Based in the United States, GDAX is a regulated cryptocurrency exchange. GDAX supports most of the digital currencies and allows free trading between them. Some of the more popular currencies to trade include Ethereum, Bitcoin, Litecoin, Ethereum Classic. Furthermore, you can also buy currencies with USD, GBP, and EUR.

Since the platform is geared towards advanced users, the interface is populated with price charts, history of price fluctuations, and tools aiming to give traders as much as insight into the market as they want.

GDAX is also highly secure. The exchange claims to regularly undergo security checkups and financial audits. Plus about 98% of the customer’s data is stored offline. So you can rest assured that your data is not going to be stolen or misused. GDAX also offer traders other benefits such as:

  • High liquidity
  • Insurance of up to $250,000
  • Easy withdrawals and purchase of various cryptocurrencies

All of the facts mentioned above goes to show, that if you’re considering digital trading currencies, GDAX should be on your list of possible exchanges to trade from.

  • 7 Bitstamp

Declared by Forbes as,” The Backbone of Bitcoin economy” Bitstamp is a name synonymous with quality services. Bitstamp is based in European Union and as such is responsible for the majority of trading in the region. It offers best in class customer support and is regarding for being highly transparent about their operations. It also has a mobile presence allowing its users the convenience of trading at their fingertips.

Bitstamp also offers the best exchange rates for Bitcoin. Their rates depend solely on available volume. This practice offers various benefits such as:

  • High transparency
  • Customer trust
  • Highly competitive exchange rates

So if you’re looking to trade exclusively in Bitcoin, look no further. Bitstamp is the best place for trading Bitcoin.

  • 8 Gemini

Very few exchanges practice the level of professionalism as Gemini. Gemini is based in New York, the financial capital of the world, and is fully compliant with customer protection laws. What does this mean for traders?High levels of security and customer satisfaction. Gemini offers traders the chance to trade in Bitcoin and Ehtereum. Features such as:

  • High liquidity
  • FDIC-insurance for cash assets
  • Cold storage for digital assets
  • Incentive-based trading
  • Easy to use and intuitive interface

Make Gemini one of the best exchanges to trade with. Gemini ensures that your trading goes without any hiccups.

  • 9 CEX.IO

CEX.IO is an EU based crypto exchange. Covering about 99% of the globe,CEX.IO is truly global. The exchange allows trading between Bitcoin, Ehtereum and between digital and fiat currencies. One thing that is unique to CEX.IO is it’s buying in presets. You can buy Bitcoin and Ehtereum in predetermined amounts in increments of $200 and $500. This is especially useful for new traders who would like to start without any hassle of deciding the amount of their first order. CEX.IO also boasts qualities such as:

  • High liquidity
  • Proven record of their commitment to the security of their customer’s assets
  • Cross-platform support for both the web and mobile
  • Real-time balance reports with transaction history
  • Convenient payment options like Bank Transfer, Credit cards such as Master Card, Visa and with other cryptocurrencies

These qualities cement CEX.IO’s position as one of the best crypto exchanges in the world.

  • 10 HitBTC

The last exchange on our list is the newest one too. Established in 2013, HitBTC has grown tremendously in recent years. Currently, the exchange drives huge volumes of currencies like Bitcoin, LiteCoin, Ethereum and many others. HitBTC also offers industry-leading security protocols like encryption, cold storage, and 2-factor authentication. These protocols ensure that your funds are always safe and secure.

Unique only to HitBTC, the platform lets users trade with dummy digital currencies so they can learn the ins and outs of the trading market before putting their money on the line.

Coupled with qualities such as:

  • Low trading fees
  • Speedy transactions
  • Excellent exchange rates
  • 24/7 customer support

Makes HitBTC a sleeper hit with traders.

As with anything in life, there is no perfect answer to a question. The question of The Best Exchange depends solely on your preferences. The above list is by no means exhaustive. There might be other exchanges that are worth looking into. But we feel like the ones we mentioned above cover every trading style.

Investor’s Opinion

Whether you are a complete beginner or an experienced veteran, there is an exchange for you on this list. Just do proper research before committing to a certain exchange and you should be good to go.Happy Trading!

About Tayyab M

I love to talk about global tech-happenings, startups, industry, education and economy.

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