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.
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
Key Slogan
- Binance is the most popular trading platform among traders and on forums.
Pros
- over 50 trading pairs and cryptocurrencies
- lab platform available
- no verification needed for smaller trades
Cons
- fairly young exchange, established in June 2017
Paxful
Key Slogan
- Paxful offers the most different ways to buy Bitcoin (over 300)
Pros
- large list of available fiat currencies for trade
- ability to purchase and sell bitcoins with an unverified account
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
CEX.IO
Key Slogan
- CEX offers among them the cheapest ways to buy crypto by credit card
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
Kraken
Key slogan
- Kraken is a US-based platform known for its high security
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
Key Slogan
- Bitfinex is a diversified platform with margin trading and lending with many cryptocurrencies
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
Key Slogan
- Bitstamp was the first European licensed Bitcoin exchange
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
Key Slogan
- Coinbase is the largest and most famous US-based exchange
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
Key Slogan
- EXMO offers many different deposit methods
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
Key Slogan
- Poloniex offers both margin trading and margin lending
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
LakeBTC
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
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
LocalBitcoins
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
Changelly
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
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
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
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
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
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
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
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
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 looking 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 Bitcoin to USD or EUR
There are many different ways to withdraw Bitcoin to USD or EUR. However, you might want to spend some time to find the best way. This will probably save you time and fees. In the article we consider fees, processing times, verification procedures and security. Read our blog post,
Best Ethereum exchanges
Almost all of our platforms in the bitcoin exchange review list also support Ethereum. The best Ethereum exchange is Binance.
Best Ripple exchanges
We have presented several Ripple exchanges among our exchange reviews. Binance, CEX, EXMO and Changelly are among few of our Ripple exchanges. If you are interested in the technical differences between Ripple and Bitcoin we recommend our blog post, Ripple vs Bitcoin. We also wrote Best Ripple Exchange 2018 where we compare Bitfinex, CEX, EXMO, Kraken and Bitstamp in terms of Ripple exchange features.
Buy Crypto with PayPal or Skrill
There are many different E-wallets to buy different cryptocurrencies. PayPal and Skrill are two of the most popular e-wallets. Paxful does support over 300 different ways to buy Bitcoin, including PayPal and Skrill. Read more and compare different exchange platforms in our articles.
What are Best Bitcoin Exchanges for US Customers?
US always has little special rules when it comes to money transactions. This also applies to cryptocurrencies and US customers do not have the same access to Bitcoin exchanges as the rest of the world. In our article, What are the top 5 crypto exchanges available for US customers? we focus only on US residents.
