7 Best Cryptocurrency Exchanges for Trading Cryptocurrency

7 Best Cryptocurrency Exchanges for Trading Cryptocurrency | Ecency

Welcome to our guide on the best Cryptocurrency exchanges!

nr 1. Binance
Register: http://bit.ly/webBinance

Binance is a rapidly growing exchange that concluded its ICO a few months back.

Though it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world.

Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world. It now has more than 140 altcoins listed on it which are only increasing as the days are passing.

Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins. BNB is Binance Coin which is the native currency of this platform.

Read: Binance Cryptocurrency: A Unique And Rapidly Growing Crypto Exchange

Binance’s fee structure is also unique. To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure.

To get started with Binance you need to register using your email ID and the process is quite simple & fast. Moreover, you get 1 QTUM coin as a kind gesture for registration which is limited to 10,000 QTUM coins on first come first basis. Binance is one of the few exchanges that offers mobile app for iOS and Android. Being using it for a while, I find it too easy to trade cryptocurrency while on the move. You can watch this video to learn how to use their mobile app.

They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, Binance Angel Program, and the Community Coin Per Month etc for more adoption of their platform.

nr 2. Coinbase | USD,EURO, POUND etc to Bitcoin, Litecoin, Ethereum

I’ve been a Coinbase user since 2015 and there’s a lot the can be said about the company (good and bad). In this review I’ll try to give you the full rundown so you can evaluate for yourself is Coinbase trustworthy or not.

Coinbase is the biggest Bitcoin broker/exchange around, supporting 32 countries and with more than 4 million customers around the world. Founded in 2012 as part of Ycombinator Coinbase is also one of the oldest exchanges around. Coinbase is a regulated and licensed company.

Coinbase allows users to buy and sell Bitcoins through their bank account, credit card, Paypal account (selling only), and other less known methods as well. Even though Coinbase has started out only as a broker (selling Bitcoins directly to customers), lately (May 2016) Coinbase started operating GDAX — A Bitcoin exchange, where Bitcoiners can trade Bitcoins with one another.

Supported Countries
Coinbase offers its services in the United States, United Kingdom, Canada, Singapore, and the following European countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.

nr 3. KuCoin

KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coin such as DragonChain, $KCS and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS.

To get started with KuCoin, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using KuCoin since last quarter of 2017 and they are getting popular day by day.

nr 4. Changelly

Changelly is one of the easiest ways to get ahold of various cryptocurrencies.

Changelly is a product of the mining pool, MinerGate, which has a proven track record of consistently good products being put out into the crypto-space.

One of the best things about Changelly is that you don’t need to go through any lengthy verification or registration process. You just log in with your email ID (or any email ID) and start exchanging!

Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use exchanges out there. If you want to know more, check out Harsh’s review on Changelly.

When you use Changelly to exchange cryptocurrency, Changelly bots connect in real time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price.

Usually, when using Changelly, a crypto-to-crypto exchange takes 5 to 30 minutes.

They charge a commission fee of 0.5% on each trade, which I think is minimal in exchange for the volatility and risk that they bear on behalf of their users. In addition to the commission, a miner’s fee is also paid by the user and is deducted directly from their crypto balance.

But all you need in order to buy from Changelly is a VISA/MasterCard (credit/debit card) or any Changelly-supported cryptocurrency and a wallet where you want to receive your new coins.

The procedure is very simple.

Head toward CoinSutra’s Cryptocurrency Exchange — Changelly, and follow the steps given in this guide.

Note: Though this guide shows how to buy Ripple in exchange for BTC, the process is exactly the same to buy any other Changelly-supported cryptocurrency.

And if you want to buy cryptos using a VISA/MasterCard, then here is their official step-by-step guide on doing that. (Even though this guide is for buying BTC using a VISA/MasterCard, the process is the same for buying any other Changelly-supported cryptocurrency.)

Check out Changelly

nr 5. Bittrex

Bittrex is a US-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time. They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds.

Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world.

Here, the users (buyers/sellers) decide the rates in which they want to trade, and Bittrex charges them a small service fee for providing this platform (0.25%).

To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits.

But one good thing about Bittrex is the account verification happens quite fast.

Bittrex supports two types of accounts:

Basic Account — withdrawal funds worth up to 3 BTC/day.
Advanced Account — withdrawal funds worth up to 100 BTC/day.
Bittrex is a “crypto-only” exchange, meaning it doesn’t allow you to deposit fiat currencies such as USD, EUR, GBP, etc.

They provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.

You can visit Bittrex and open a Bittrex account by following this official step by step guide here.

Check out Bittrex

nr 6. Poloniex

Founded by Tristan D’Agosta, Poloniex has been operational since January 2014 and is undoubtedly one of the biggest cryptocurrency exchanges in the world.

It is based out of the United States and offers +100 cryptocurrencies to its users to trade.

When you talk about trade volumes, nothing beats Poloniex. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.

It is a crypto-only exchange, but you can start trading easily by depositing USDT (Tether dollars).

Poloniex also has zoomable candlestick charts for 5-minutes, 15-minutes, 30-minutes, 2-hours, 4-hours, and 1-day, along with a stop-limit feature for advanced cryptocurrency traders.

Poloniex charges a fee of 0.15% to 0.25% on all trades depending upon whether you are a maker or a taker.

So if you are looking to trade a variety of altcoins, then you should give Poloniex a shot.

To get started with Poloniex, follow this official guide.

Remember: As soon as you sign up for Poloniex using your email, do make sure to enable two-factor authentication!

Check out Poloniex

nr 7. Bitfinex

Bitfinex is another one of the largest and most popular cryptocurrency exchanges out there.

Based out of Hong Kong and operational since 2014, it gives its users the option to trade the following 13 cryptocurrencies in exchange of USD or BTC:

Bitcoin
Bcash
Dash
Ethereum
Zcash
Monero
Litecoin
Ethereum Classic
OmiseGO
EOS
IOTA
Santiment
Ripple
Unlike Bittrex and Poloniex, you can trade using USD (with a wire fee of at least $20). Also, users will need to pay a trade fee which varies from 0.1% to 0.8% (details here).

Also, whenever you withdrawal or deposit anything, you are charged a certain fee:

On Bitfinex, if you are a pro-trader, you will find advanced trading tools such as limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, along with different market charts.

To get started on Bitfinex, you need to register, verify your ID, and authenticate yourself. It typically takes 15–20 business days after submitting valid ID proof before you’re accepted into the platform.

Update: on 12th January 2018 Bitfinex opened the registration but put a limit of 10000 USD or equivalent cryptos to be deposited for the account to be fully functional.

And whenever you get bored with the web version or want to trade on-the-go, you can use Bitfinex’s Android and iOS mobile apps.