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

Pros
Really easy to use

Lots of long-time customers

On line wallet available

Cons
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.

Pros
Great way to meet people

PayPal also available

No verification needed

Popular in most countries

Cons
May take longer to summarize transaction

Risks associated with anonymous transactions

Some bank accounts have been suspended after receiving money

Bitmex. com
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.

Pros
Leading platform for bitcoin derivatives and margin trading

Great and functional user experience throughout the site

Up to 100x leverage

Cons
With such high leverage it’s easy to overlook implied risk factor

Cex. io

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.

Pros
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

Cons
Recently Litecoin was unlisted

Poloniex. com
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.

Pros
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.

Cons
Not possible to deposit fiat currency

Kraken. com
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.

Pros
Cryptographic communications

Cheapest rates for trading, depositing and withdrawing

is useful for Europeans and United states

Cons
Site not as visually intuitive

Bitsquare. io
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.

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 may be processed just as rapidly as withdrawals. Also, happens to be the best ethereum exchange for serious players in this space.

Pros
A fundamental element of the trusted Coinbase brand

Optimized to be a serious trading site

Cons
More ID processing steps than on Chinese trading platforms

Buysomebitcoins. com
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.

Pros
No identity verification

Credit card purchases

Cons
Fees are higher if you choose to stay anonymous

Bitstamp. net
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.

Pros
Card purchases available (visa mastercard and visa) in Europe and the USA.

HQ Located in London

Good for large transactions

Cons
Not available outside of EU and the USA

Some infamous best Bitcoin exchange.

CoinATMradar. com
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.

Pros
Find Bitcoin locations towards you

No ID needed sometimes

Explains how a bitcoin atm works

Cons
Not always possible to find a machine nearby

You’ll have to leave your house!

Wesellcrypto. com
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.

Pros
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

Cons
As with all PayPal exchanges, fees are very high.

Paxful. com
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.

Pros
Hundreds of payment techniques

p2p (person to person) – similar to Localbitcoins

Cons
Higher fees than elsewhere