You are looking for the Best Bitcoin Exchanges in 2018. It is not that easy to choose a reliable platform to trade your Bitcoins, Ethereum and Altcoins. First of all, every Bitcoin Exchange has its own policy, fees and supply. Second, the bitcoin market and cryptocurrency market are so volatile and new that all players cannot hold their positions in the long term. Thus, you as a trader must keep your eye on the updated lists of the Best Bitcoin Exchanges from time to time just in order to be aware of true leaders and scammers.
Let us start with basic knowledge what is Bitcoin Exchange and what is its functions. How to determine cons and pros of an Exchange? Why some Cryptocurrency Exchanges turn as a fraud sites.
What is Bitcoin Exchange?
A Bitcoin exchange is a digital marketplace for traders to buy and sell Bitcoins or Altcoins. Trading on an exchange you can sell or buy Buitcoin for either fiat money or other coin alternatives (Dash, Ethereum, Litecoin). The Bitcoin Exchange marketplace is an intermediary between a Seller and a Buyer, taking some fee for every single trade. Usually the transaction fee lies somewhere in range from 0 to 1%. It requires to create and account and to pass a verification process (documents, photo, KYC).
Regulations and Language Issues
It is important to understand where is the Bitcoin Exchange from geographically. All countries have their own policy in regard to the Bitcoin and Crypto currencies. For instant, Switzerland is literally a kingdom to Bitcoin and ICO (Initial Coin Offering), while South Korea used to ban all types of Bitcoin and Alctoin businesses. Also, it is important to choose a Coin Exchange that support your native language. Please, be ready to apply for help and chat with a support department. The last but not the least is the percentage amount of the fee, the exchange will take from your trade. As said above, this number must be something less than 1%. Make sure that you are 100% aware of the fee policy on your Bitcoin Exchange.
Relying on all above criteria, we are ready to move strictly to the TOP List of the Best Bitcoin Exchanges.
The Biggest Bitcoin Exchange on the WEB
- Better Interface
- All range of currencies
- Insurance protection at your service
Coinbase operates since 2012 and is based in United States. Coinbase Exchange is available in 32 countries and still expands its market. You can trade Bitcoins and alternative cryptocurrency, such as Ethereum, Dash, Litecoin, etc. Coinbase is the biggest Bitcoin and Alctoins Exchange today: it reports $20 billion exchanged. This company also provides you a mobile wallet, offline storage, and insurance protection for your coins stored on Coinbase servers. The exchange platform operates in many fiat currencies: British Pounds, US Dollars, Euros, Canadian Dollars, Australian Dollars and Singapore Dollars.
There is reasonable exchange rate on Coinbase: 1% flat fee for each acquisition, while cryptocurrency deposits and withdrawals are done with no fee at all. An optimized and intuitive interface is great advantage for a newbie traders.
Coinbase Exchange is 100% recommended for trading and is still the Best Bitcoin Exchange in 2018.
Bitcoin Exchange with Regulations and Winklevoss Brothers
- Low Fees
- ACH Transfers
- Not user-friendly interface
Gemini Exchange is located in United States and run by the well-known Winklevoss Twins. These two became popular for the suing Mark Zuckerberg over the Facebook authorship. After the Winklevoss were compensated $65M, they started venture capitalist business. Geminin Exchange is New York based company and operates in 45 USA States, as well as in UK, Singapore, South Korea and Hong Kong.
Gemini Exchange supports only US dollars and it can trade only Bitcoin and Ethereum coins. The Coin Exchange does not charge deposit or withdrawal fees, and take a low flat rate 0.25% for trades, to both the buyer and the seller sides.
The obvious downside of Geminin Exchange is the interface, which is not user friendly and may take time to master it.
From the MinerGate creators
- Wide Range of Cryptocurrencies
- Reasonable fee policy
- New player on the Market
Changelly Exchange is probably one of the best Bitcoin and Alctoin Exchange in terms of the range of cryptocurrencies on it. For instant, it supports Monero, Dash, Bytecoin, DigitalNote and many other not that famous altcoins. If you are a trader who seeks for an altcoin, then Changelly is definitely the right place for you. The roots of Changelly is the famous MinerGate platform. It is known for providing a miner pool across Windows, Mac, Linux and Android operating systems.
This Exchange major focus is altcoins but a trader can also operate in US dollar and Euros. The fee rate for a trade is 0,5% today.
Hundreds of coin currencies at one place
- The biggest range of digital currencies
- Low trade fee
- Not user-friendly interface
Cryptopia Excahnge started in 2014, focusing on the wide range of all coins and delivering a user different services: mobile wallet, marketplace, etc. Cryptopia is located in New Zeland and is known for a very quick user verification process. It only requires your Email address to start your trading operations.
As downside, Cryptopia does not support fiat money and trades only in cryptocurrencies. But it must be said, that they have really huge range of the coins on their platform. It is already over 400 cryptos today and the number still grow. The trading fee is as low as 0,2% per a transaction. The website is huge and not user friendly and it is likely to take pretty much time before you master it.