Finding the best bitcoin exchange is not easy. This is because many of the best sites to buy Bitcoin are rather recently online. People who are new to the cryptocurrency business often ask this question about the best Bitcoin exchange. So here is a list of best Bitcoin exchanges.
- Coinbase.com – Rated best Bitcoin exchange
Coinbase has a great 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 clients. I’ve also written a thorough Coinbase review for greater detail. Coinbase also gives the best signup program, when you buy $100 worth of bitcoins, it provides $110 worth of bitcoins. Click here to buy now
Really easy to use
Lots of long-time customers
On line wallet available
Slightly more work needed when verifying account
Localbitcoins. com – Rated 2nd best bitcoin exchange
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. Of the many bitcoin sites listed here, that is one of the first and most reputed. Escrow and dispute resolution is provided by the site.
Great way to meet people
PayPal also available
No verification needed
Popular in most countries
May take longer to summarize transaction
Risks associated with anonymous transactions
Some bank accounts have been suspended after receiving money
Bitmex is the leading bitcoin margin trading site. Users can trade cryptocurrency derivatives with up to 100x leverage. Pairs include BTC/USD, Yen, Monero, Ripple, Dash, and Ethereum. Bitmex CEO Arthur Hayes has used his experience as an equity derivatives trader for Deutsche Bank to design, build, and keep maintaining exactly the type of platform that users are looking for. Granted that platform is for experienced and seasoned traders. Beginners should avoid trading coins here without knowing the implied volatility risks.
Leading platform for bitcoin derivatives and margin trading
Great and functional user experience throughout the site
Up to 100x leverage
With such high leverage it’s easy to overlook implied risk factor
- Read More Should I buy Bitcoin
CEX is one of those international bitcoin exchanges accepting euros, British pounds, US dollars, Russian Rubles, and Ethereum. Needless to say, CEX is very popular within those regions. There’s a no-nonsense landing page, giving you the choice to buy or sell 100, 200, 500, or 1000 USD worth of Bitcoin. I like the transparency directed at users about how much they’ll actually pay – even before they sign up. With the best security practices, today’s and simple user interface, and both bank transfer & credit card purchases, CEX is indeed a good European option to Coinbase.
Bank transfer and credit card deposits
Very easy to use & great for beginners
Users discover how much they will pay before even signing up
Buying and selling Ethereum is available
Recently Litecoin was unlisted
Poloniex definitely is the very best cryptocurrency exchange. Why? Well firstly because of the sheer amount of users that flock here to trade their altcoins. Poloniex has been through extremely fast traffic growth since the demise of its rival Cryptsy in 2016, and especially since the recent altcoin bubble of early 2017. Traffic has grown from 7 million monthly visits in February 2017 to 30 million in May 2017. Secondly, Poloniex has the nicest trading interface out there, both for mobile and desktop users this works wonders. Please note that because Poloniex is a pure “crypto” exchange, it is not possible to deposit government (fiat) currency. You’ll need to first buy Bitcoin elsewhere, after which deposit it to manage to trade.
The most popular crypto exchange
Good margin trading (up to 4x) on largest altcoins
One of the best trading interfaces for mobile and desktop browsers
Has the most useful volumes for all major altcoins including Ethereum.
Not possible to deposit fiat currency
Kraken is becoming a reputed Bitcoin broker, with many markets served. Europeans love it equally as much as Americans because they work well through SEPA, have an easy verification process, and therefore are very knowledgeable when it comes to cryptography and security. As of early 2017, Kraken has been re-positioning themselves as a crypto exchange by adding multiple new altcoins.
Cheapest rates for trading, depositing and withdrawing
is useful for Europeans and United states
Site not as visually intuitive
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 may even purcahse btc utilizing a bank transfer, escrow, & trusted 3rd parties.
Incredibly advanced (technologically)
p2p AND decentralized
Trusted escrow system for bank transfers
Advanced level of IT comprehension needed
GDAX is great for technical traders and offers good liquidity. Deposits are in USD and may be processed just as rapidly as withdrawals. Also, happens to be the best ethereum exchange for serious players in this space.
A fundamental element of the trusted Coinbase brand
Optimized to be a serious trading site
More ID processing steps than on Chinese trading platforms
BuySomeBitcoins is a recently available addition to my list. Why have I included it here? Well, so many of my readers were asking where to buy bitcoin without ID verification. This is actually the best place to do exactly that. Although BuySomeBitcoins is small, with just above 150, 000 monthly visits, it is growing fast and gaining reputation for being among the only sites to offer credit card purchases without requiring ID submission. Note that BuySomeBitcoins do also offer users to voluntarily verify their identity in exchange for a far more reasonable fee structure.
No identity verification
Credit card purchases
Fees are higher if you choose to stay anonymous
Bitstamp are big in Europe and operate since 2011 out of the United Kingdom. Good volumes are available for larger trades. Well received by people using SEPA and credit cards. Both euro and US dollar deposits are accepted. I love Bitstamp because they really focus on being a pure bitcoin-only exchange.
Card purchases available (visa mastercard and visa) in Europe and the USA.
HQ Located in London
Good for large transactions
Not available outside of EU and the USA
Some infamous best Bitcoin exchange.
CoinATMradar provides a global map of Bitcoin ATMs. This allows you to use cash to get in person at a physical machine. This is one of the most underrated means of purchasing with no verification of ID, and allows users to stay anonymous with over 869 ATMs spread over each continent.
Find Bitcoin locations towards you
No ID needed sometimes
Explains how a bitcoin atm works
Not always possible to find a machine nearby
You’ll have to leave your house!
WeSellCrypto was first a Dogecoin selling service in 2014. The admins then very correctly predicted that the market would rapidly desire a PayPal to bitcoin exchange. Since, WeSellCrypto has offered simple and small purchases of Bitcoin using PayPal. WeSellCrypto may be perfect in the event that you only need small amounts (under 100 USD), as they have several verification tiers which can make it really easy to buy, in a few cases without verification.
The simplest site for buying Bitcoin with PayPal
No verification needed for small weekly purchases
Trusted operators which were active in the community since 2013
As with all PayPal exchanges, fees are very high.
Paxful conquers 2 million monthly visits, with 50% originating from America. It’s a peer to peer Bitcoin marketplace connecting buyers with sellers like the one above. Over 150 payment methods can be used. Impressive.
Hundreds of payment techniques
p2p (person to person) – similar to Localbitcoins
Higher fees than elsewhere