2018 Best Bitcoin exchange Review and Comparison
This page aggregates the most reputable Bitcoin exchanges around today and compares them according to important buying factors. The list below is a general summary and more detailed reviews can be found at the bottom of the page.
Coinbase Bitcoin exchange review Pros: Highly respected and good reputation, low transaction fees Cons: Not available worldwide, Support takes time to respond Summary: Coinbase is probably the most popular company today for buying Bitcoins. It was founded in late 2012 as a part of Y-Combinator and until today has raised more than $106 million in venture capital. Coinbase is considered by many the leading Bitcoin exchange available. The are two ways you can buy Bitcoins from Coinbase. One is through the Coinbase wallet and the other is through the Coinbase exchange. When you buy Bitcoins through the Coinbase wallet you are basically buying the Bitcoins from Coinbase itself, whereas when you use the exchange you are participating in a trading with other users of the exchange.
CoinMama Bitcoin exchange review
Pros: Accept credit cards, Fast transaction time, great user interface. Cons: Relatively high exchange rate, limited states within the US. Summary: Coinmama is a another veteran Bitcoin broker working in the market since 2013. They offer easy ways to buy Bitcoins with credit cards or cash deposits via MoneyGram and Western Union. Coinmama uses Simplex – a credit processor which allows you to buy up to $5000 in one purchase. Coinmama also has relatively high exchange rates due to chargeback issues and the availability of credit and debit cards as payment methods.
CEX.IO Bitcoin exchange review
Pros: Reputable company, high buying limits Cons: Limited countries available, higher exchange rates Summary: CEX.IO was established in 2013. CEX.IO is a bitcoin trading exchange which accepts credit cards and allows you to trade. On Cex.io You can buy Bitcoins for USD, EUR and RUB.
BitFinex Bitcoin exchange review
Pros: Advanced trading features, leverage abilities Cons: Does not accept fiat deposits, complex interface Bitfinex is an advanced Bitcoin trading platform that is more suitable for experienced traders. The platform does not accept fiat deposits at the moment which means you’ll need to fund your account with altcoins or Bitcoin. If you’re an experienced cryptocurrency trader, Bitfinex likely offers everything you need and more. The chief draw is probably the platform’s high Bitcoin and Ethereum liquidity, but its margin funding, leverage, and multiple order types offer a lot of flexibility.
Coinhouse Bitcoin exchange review
Pros: Reputable company, high buying limits Cons: Limited to Eurozone countries only, relatively higher exchange rates Summary: Coinhouse is the “House of Bitcoin” in Paris. You can buy bitcoins directly online by Visa / MasterCard or cash with Neosurf prepaid card available in most European countries.
BitPanda Bitcoin exchange review
Pros: Multiple payment options, relatively low fees Cons: Fees are hidden inside the exchange rate, EU citiznes only Overall rating: B Bitpanda is an Austrian Start-Up Company that was founded in October 2014. The company allows you to buy Bitcoins or Ethereum with a credit card as well as with Wire transfers, Neteller, Skrill, SEPA and more. The company supplies its services to European countries only with a relatively low fee. If your account is verified the limit is 2,500€ daily (75,000€ monthly) for credit card purchases. For other options, there’s a 10,000€ daily (300,000€ monthly).
Bitstamp Bitcoin exchange review
Pros: Highly respected and reliable exchange, low transaction fees. Cons: Not suited for beginners, limited payment methods, high deposit fees on small amounts of money. Summary: Bitstamp is the oldest Bitcoin exchange out there today. Founded on 2011 Bitstamp has managed to survive most of the Bitcoin ecosystem’s turmoil without being hacked or shut down, and that’s definitely saying something. If it wasn’t for it’s non intuitive user interface and lack of convenient payment methods Bitstamp may have been rated #1 in our charts. But unfortunately today I can only recommend Bitstamp for larger purchases of coins where you will definitely need to use a wire transfer and the fees won’t compose such a large amount of the deposited sum.
Kraken Bitcoin exchange review
Pros: Highly respected and reliable exchange, low transaction fees. Cons: Not suited for beginners, limited payment methods, high deposit fees on small amounts of money. Summary: Another Bitcoin exchange veteran, Kraken was also founded in 2011 like Bitstamp and managed to stay alive until today. Kraken is consistently rated as a top Bitcoin exchange by different news outlets and was also the first Bitcoin exchange listed on Bloomberg terminals. Kraken is also trusted by hundreds of the Tokyo government and the BaFin regulated Fidor Bank. Kraken is pretty similar to Bitstamp in its pros and cons and are almost identical when coming to decide which on of them to use.
iGot Bitcoin exchange review
Pros: Super low fees, great interface. Cons: Limited payment options, relatively high exchange rate. Summary: iGot was founded in 2013 in Australia, it provides a trading platform and also merchant payment services for Bitcoin. It has super low fees but also supplies on a limited range of payment methods. The exchange was also behind the relief campaign for Nepal earthquake victims earlier this year. Having said that, iGot has yet to gain enough reputation as a major player in the Bitcoin exchange market.
HitBTC Bitcoin exchange review
Pros: Beginner friendly, great buying experience. Cons: High exchange rate, brand not reputable enough. Summary: I’ve reviewed HitBTC last year and was pretty pleased with their product. The company seems to have a solid user interface making it pretty easy to buy Bitcoins. Also the platform seems to be very “newbie oriented” and puts an emphasis on security. Although HitBTC gained considerable traction over the past year since it’s launch, much like iGot it still hasn’t managed to reach the “big leagues” of Bitcoin exchange (i.e. Coinbase, Circle, Bitstamp etc.)
Virwox Bitcoin exchange review
Pros: A wide variety of payment methods including Paypal and credit cards, no verification required Cons: Shady reputation, very high fees when buying with Paypal or a credit cards (due to multiple conversions). Summary: Virwox is not a Bitcoin exchange per se. It’s actually a Second Life reseller which allow you to exchange SLL (Second Life Linden’s) in to Bitcoins. So why is it listed here? Because currently it’s the only known exchange in which you can buy Bitcoins with PayPal. The issue with Virwox is that even though it supplies various payment methods many users have complained about their services. Some have even reported that their money was taken with no return. However most of the reviews tend to show that either the purchase of Bitcoins was successful or that the money was refunded.
247Exchange Bitcoin exchange review
Pros: Easy user interface, works worldwide and multilingual. Cons: Buying process is too long (mainly due to verification), the service takes a premium in order to be able to deal with chargeback issues. Summary: 247Exchange is a veteran player in the Bitcoin ecosystem which allows you to buy Bitcoins with a credit card in a simple and secure manner. Unfortunately their buying process still has a few glitches and the verification process can take quite some time. I recently reviewed the service hands on, you can read about it here.
Bittrex Bitcoin Exchange Review
Pros: Smooth, easy to understand interface, top-notch security, 250+ altcoins Cons: Slightly high fees, poor customer service, odd account suspensions Bittrex provides a growing cryptocurrency exchange that suits investors looking for a large altcoin selection. The US company launched in 2014 and is now one of the leading trading platforms. Its reputation is built upon a smooth user experience combined with unparalleled security. The interface is simple to understand allowing users to easily expand their portfolios with access to over 250 coins. Bittrex has a crack squad of security experts keeping funds safe. The team currently maintain a clean record in fighting off hacks and attacks.
Luno Bitcoin Exchange Review
Pros: Good reputation, happy reviews, well-run platform. Cons: bitcoin only, fluctuating fees, small market cap Luno enjoys a marvelous reputation with an array of happy users. It doesn’t have a huge trading cap but it performs its duties admirably against the big boys. Despite being in operation since 2013 the Luno team still struggle to secure serious market dominance. Solely a bitcoin exchange the platform is aiming to become the “most trusted, secure and reliable exchange”. Users can buy, sell and store bitcoin with service including the use of wallet and mobile features. The one downside is the fees, which can be a little tricky to work out for new buyers. Overall, it is a solid well run service.
Indacoin Exchange Review
Pros: Convenient simple way to buy bitcoin Cons: Extortionate fees, low buy limits Indacoin has been around since 2014 target customers looking for fast easy bitcoin buys. It functions as a way for you to buy bitcoins with a credit or debit card. Simply fill out a payment form then confirm via a telephone message and voila, you’ll have bitcoin funds. There are some downsides to transacting in this manner. Fees are astronomical anywhere you make a credit card transaction and none more so than Indacoin. Users really do pay a price for convenience. There are buy limits to be aware of with a maximum of $750. That being said, the service does do what it says in a legitimate manner.
Bitbay Exchange Review
Pros: Decent currency support, Less known to hackers, acceptable fees Cons: Small market cap, Unknow quantity, still building a reputation. Bitbay is another interesting cryptocurrency exchange competitor. The Polish outfit services users both domestically and worldwide. The feature-rich trading platform is still fighting to become a well-known name in the industry. But many are not put out by the smaller reputation. Bitbay provides a nice selection of coins with bitcoin, litecoin, ether, and lisk all available to trade. Fees are acceptable too, although slightly higher than some bigger exchanges. The pros, particularly for Polish users far outweigh the cons. Domestic customers can even get a bitcoin credit card to start transacting regularly.
Changelly Exchange Review
Pros: Simplistic crypto exchange, no trading expertise needed, sleek interface Cons: Fee higher when trading fiat, not completely anonymous Changelly is a real neat solution to a very real problem. Satoshi gave birth to bitcoin, one global currency. Bitcoin then reproduced and again. Now it has evolved. There are hundreds of global digital currencies which need to be exchanged. Changelly makes it easy and convenient to exchange cryptocurrencies without the need for trading platforms. For a fee, you can send them a coin and receive another back. Of course, it is effectively making trades for you so you don’t need to understand charts and market trading. The slick interface coupled with a 0.5% fee on all transactions does make it an appealing prospect. However if you trade fiat currencies it seems like that exchange rate is a lot higher. So it is advised only to trade altcoins on Changelly.
Local Bitcoins Exchange Review
Pros: Transaction flexibility, no buy fee, worldwide user base, public rating system Cons: 1% sell fee, some suspicious users Local Bitcoins a clever operation that adds incredible flexibility to buying bitcoins. It brings buyers and sellers together in a marketplace. It is unique in that you can transact in almost any method thinkable including Paypal, wire transfer, Western Union, Webmoney or cash. You can find some pretty good rates to buy bitcoin through the service with sellers all over the world looking to offload funds. Fees are dependent on which side of the transaction you sit. There is only 1% sell fee and funds are transacted directly to and from a Local Bitcoins wallet.
GDAX Exchange Review
Pros: Coinbase extension, cheap fees, ether and litecoin support Cons: no altcoins, ether market crash GDAX is the sister trading exchange to the world famous Coinbase. It benefits hugely from this close working relationship. Coinbase’s millions of users can use the same account detail to log in directly on GDAX. Once funds are transferred across trading can begin. The backing of such a huge player makes GDAX one of the most trusted exchanges. Historically, funds have gone missing at least once but the customer support team were able to refund any losses. The exchange supports the big 3, bitcoin, ethereum and litecoin.
Gemini Exchange Review
Pros: Public owners, regulated, trustworthy. Cons: Limited currency support, not yet a market leader. Gemini is seen as one of the most trustworthy legitimate bitcoin exchanges. Publicly developed by Tyler and Cameron Winklevoss, it is building an encouraging mark of public support since 2015. The ‘Winklvii’ are working with regulators to make their product a leader in conforming to banking and legal legislation. Primarily a US-based exchange, it still does not retain the same market cap as the top echelons but worldwide expansion looks set to change this through 2018. Fees are in line with market averages the only downside is minimal currency flexibility. Just bitcoin and ether on offer here.