Bitcoin Exchange Reviews

Bitcoin exchange reviews are presented below. A bitcoin exchange is a place where you can exchange cryptocurrencies for other currencies. Our Bitcoin exchange reviews are focused on registration, deposit methods, features, fees, security, and support. We always finish with pros and cons and a conclusion. We compare all exchanges with regards to those aspects and help you to choose what Bitcoin exchange is best for you.

Binance

Binance review logo

Features

  • No fiats
  • Lab Platform
  • Many Cryptos

Pros

  • over 50 trading pairs and cryptocurrencies
  • lab platform available
  • no verification needed for smaller trades

Cons

  • no fiat currency trade or deposit/withdrawal
  • fairly young exchange, established in June 2017
  • somewhat frustrating captcha

Kraken

kraken review cryptocoinzone

Features

  • US-based exchange
  • Many cryptos
  • Large volumes

Pros

  • services are globally available
  • 14 crypto and 5 fiat currencies available for trade
  • largest EUR trader in the world

Cons

  • Android devices not supported
  • registration issues still not resolved
  • only bank transfers accepted as a deposit option

Bitfinex

bitfinex lending review cryptocoinzone

Features

  • Margin trading
  • Margin funding
  • Large volumes

Pros

  • Cryptocurrency trade does not require verification
  • Large amount of coins available at OTC desk
  • 21 cryptocurrencies available for trade

Cons

  • Geared towards experts, confusing for beginners
  • Fiat deposits/withdrawals require verification
  • Bitfinex was hacked in 2016

Bitstamp

Bitstamp-review-cryptocoinzone-1.png

Features

  • European licensed
  • Crypto and Fiat
  • Large volumes

Pros

  • the exchange is a safe place to buy and sell coins, with adequate security features available for clients
  • 21 currency-trading pairs available
  • developed mobile platforms

Cons

  • you have to verify your identity as part of the AML policy
  • large fees for credit or debit card purchases
  • only a few options available for account balance funding

Coinbase

coinbase review cryptocoinzone

Features

  • Large and US-based
  • BTC and ETH
  • Buy $100, get $10!

Pros

  • low deposit and withdrawal fees for PayPal and credit cards
  • additional sourcing and liquidity at GDAX
  • PayPal available as deposit option

Cons

  • exchange rate depends on the GDAX and does not take into consideration other platforms
  • verification is a must
  • service available for traders located in 32 countries only

Exmo

Exmo review logo cryptocoinzone

Features

  • Trader chat
  • Fiat currencies
  • Liquid markets

Pros

  • live trader’s chat available
  • services are globally available
  • a large number of fiat and digital currencies, as well as trading pairs

Cons

  • slightly high deposit and withdrawal fees
  • bank transfers and bank cards require scanned ID

Poloniex

poloniex-lending-review-cryptocoinzone.png

Features

  • Only Crypto
  • Large volumes
  • Margin Funding

Pros

  • different markets to play in (exchange, margin trading and lending)
  • over 70 cryptocurrencies available for trade
  • instant transactions, deposits, and withdrawals

Cons

  • owners are not known by the public
  • fiat deposits are not available
  • low trade fees for all currency pairs

LocalBitcoins

localbitcoins bitcoin exchange review

Features

  • Peer-to-peer
  • High Price
  • Paypal or Cash

Pros

  • verification of identity not mandatory
  • low trading fees and narrow exchange spread
  • deep liquidity due to a large number of traders

Cons

  • only bitcoins available for purchase
  • the platform was hacked in the past
  • only few security functions available

CEX.IO

CEX.io Review logo 120

Features

  • Medium volumes
  • Fiat and Crypto
  • Credit Card Deposit

Pros

  • geared towards both beginners and more experienced clients
  • both mobile platforms (Android & iOS) available for download
  • global availability

Cons

  • verification is a must for trade to happen
  • some of the trading pairs lack liquidity
  • only 2FA available as a personal security measure

LakeBTC

LakeBTC Review logo

Features

  • Many Deposits
  • Many Fiats
  • Limited trading

Pros

  • a large number of fiat currencies available
  • big volumes can be found at OTC desk
  • privacy allowed

Cons

  • verification needed for fiat transactions
  • lack of security functions (only 2FA available)
  • a small number of cryptocurrencies available for trade

Bittrex

bittrex bitcoin exchange review cryptocoinzone

Features

  • Many Crypto
  • No fiat
  • Liquid markets

Pros

  • possibility to trade without providing scanned ID
  • very narrow exchange rate spread on many coins
  • service is globally available

Cons

  • no fiat deposits or withdrawals possible at Bittrex
  • some countries need to complete enhanced verification of identity documents

Paxful

Paxful Review Cryptocoinzone

Features

  • Only Bitcoin
  • Low Fees
  • Many Deposits

Pros

  • large list of available fiat currencies for trade
  • ability to purchase and sell bitcoins with an unverified account
  • over 300 payment methods available for users

Cons

  • Bitcoin is the only available cryptocurrency
  • security of the funds and trade itself is very basic
  • trade platform geared towards beginners only as there is no margin trading

Changelly

Changelly Review logo

Features

  • Large fees
  • Credit Card
  • Many Cryptos

Pros

  • verification of your identity is not mandatory to use all services
  • over 50 cryptocurrencies available for trade
  • credit card purchases are instant

Cons

  • fees of the credit card purchases hidden in the exchange rate, which is large
  • only swaps are allowed at Changelly with no margin trading available
  • lacks security features like multisig wallets or email notifications

Coinmate

coinmate review logo

Features

  • Low Fees
  • Worldwide
  • Few crypto

Pros

  • possible to purchase bitcoins without an identity check
  • low deposit and withdrawal fees
  • services are globally available

Cons

  • customer services available only on business days
  • extensive verification needed for bank account deposit and withdrawals
  • a small number of cryptocurrencies offered

Bleutrade

Bleutrade Review cryptocoinzone

Features

  • Medium volumes
  • Low Fees
  • Many Crypto pairs

Pros

  • no ID verification needed to buy, sell and withdraw coins
  • low transaction fees for all coins
  • A large number of trade pairs (over 2.500 of them)

Cons

  • fiat deposits through bank transfers or credit cards are not available
  • only instant exchange available as a trading tool
  • less known altcoins can be delisted any time

ItBit

Itbit Review logo

Features

  • Low fees
  • Deep liquidity
  • Limited cryptos

Pros

  • low transaction fees
  • two distinctive exchange programs, regular exchange, and OTC
  • good deep liquidity rate

Cons

  • extensive verification needed for trade
  • a limited number of currencies and digital coins
  • only bank transfers accepted as deposit methods

HitBTC

HitBTC Bitcoin Review logo

Features

  • Many Cryptos
  • ICO platform
  • Low fees

Pros

  • a large number of cryptocurrencies and their trade pairs offered
  • OTC desk available for large volumes
  • ICO coins platform available for start-ups

Cons

  • only 2FA, passwords and API tools available as security measures
  • fiat transfers require identity check with document scans

Coinmama

Bitcoin Exchanges Review Coinmama Logo

Features

  • Credit card
  • Worldwide services
  • No ID required ($150)

Pros

  • one of the oldest cryptocurrency platforms
  • almost instant access to coins
  • ability to purchase coins without an identity check up to $150

Cons

  • geared exclusively towards starters with no margin trading is available
  • only credit cards are available for purchase
  • does not support the sale of coins, only purchase

Shapeshift

Bitcoin exchange reviews shapeshift

Features

  • No verification
  • Only network fees
  • Many altcoins

Pros

  • only network fees are applicable
  • swapping is instantly carried out
  • a large number of altcoins (over 50 of them) creating over 950 available trading pairs

Cons

  • wide exchange rate, especially for less popular coins
  • some cryptocurrencies might have low liquidity if they are not popular
  • there are no fiat currencies to use when trading coins

Bitcoin exchange reviews

Bitcoin exchange reviews have listed many different bitcoin exchanges. As can be seen, they all have different pros and cons. Consequently, there are a few things you should reconsider before you choose your bitcoin exchange. Bitcoin exchange reviews write a summary of this stuff here. You should consider in which country the bitcoin exchange operates. You should check deposit and withdrawal methods. Always look up which cryptocurrencies the exchanges support. That is important if altcoins interest you. Read the bitcoin exchange reviews and compare the different bitcoin exchanges. With this in mind we hope you can find an exchange that fulfills your demands.

Buy Crypto with Credit Card

There are a few different ways to buy Bitcoin and other cryptocurrencies with Credit Card. For Bitcoin it´s possible to use CEX.IOLocalbitcoins, and Changelly. However, for Ripple, the only possible platform to use is Changelly which we describe further in Buy Ripple Credit Card. In addition, read how to buy Ethereum with credit card in our blog post, Buy Ethereum Credit Card.

Altcoin exchanges

There are many different altcoin exchanges to select from. You need to choose what currency you are looking for and set up some criteria you are lo0king for. If you are looking for Cardano exchanges we have helped you to analyze some exchanges in our blog post, best Cardano exchange 2018. We also wrote an speculative article about altcoin, What will happen to altcoin 2018?

Withdraw BTC to USD

There are many different ways to withdraw BTC to USD. However, you might want t spend some time to find the best way. This will probably save you time and fees. Read our blog post, Best way to withdraw Bitcoin to USD or EUR.

Ethereum exchanges

As shown above, we have several Ethereum exchanges among our exchange reviews. Those are BitfinexKrakenBittrex and Poloniex. Kraken and Poloniex have the deepest volume and for this reason most liquid markets.

Ripple exchanges

We have presented several Ripple exchanges among our exchange reviews. Those are BitfinexKrakenBitstampPoloniexand Bittrex and also have Ripple exchange feature. We will update with reviews of these companies. If you are interested in the differences between Ripple and Bitcoin we recommend our blog post, Ripple vs Bitcoin. We also wrote Best Ripple Exchange 2018 to further help you start buying Ripple.

Buy Crypto with E-wallets

There are many different E-wallets to buy different cryptocurrencies. There are Neteller, Skrill, Paypal and much more. With Localbitcoins you can use almost any payment service. If you are interested in buying Bitcoin with PayPal you should read Buy Bitcoin PayPal or go to LocalBitcoins review or Paxful review.

Decentralized Exchanges

We have published many different centralized exchanges like Binance, Bitfinex, Bittrex, Bitstamp and more. However, cryptocurrencies are supposed to support a decentralized economy and we might see more and more decentralized exchanges. We also wrote a blog post to explain this further, What are decentralized exchanges.

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