Top 10 Best Bitcoin Exchanges for 2018
A Bitcoin exchange is a website that serves as digital marketplace where Bitcoin users can buy and sell bitcoins using either fiat money or other cryptocurrencies like Ethereum. In essence, a Bitcoin exchange acts as a middleman between cryptocurrency traders. Choosing the right exchange is a critical part of being a Bitcoin trader since it will involve huge cash or Bitcoin investments which need to be secured. So, instead of diving into Bitcoin trading without evaluating all the risks, it is important to carefully pick out an exchange platform that offers the best deals in terms of security and reliability.
This has gotten simpler over the years thanks to user rating which go a long way in helping you pick out a trustworthy and transparent site. Exchange sites that allow payments through PayPal and other eWallets are usually great if you want to skip the hassle of having to link your bank accounts.
Furthermore, the currency pairs on offer are also usually great determinants of whether a Bitcoin exchange is right for you. Usually, just knowing the physical location of the exchange will help with determining whether once you sign up you will get to trade bitcoin for US dollars or for Euros and so forth.
Finding the best Bitcoin trading site can be a rather daunting experience but with our guide, you can quickly get started in some of the best without having to waste time looking.
Bitfinex can be said to be the best Bitcoin exchange since it offers users a nice blend of advanced trading tools such as short selling, margin trading as well as liquidity swaps for buying or selling bitcoins, Darkcoins and Litecoins. Launched in 2013, Bitfinex has grown immensely since then to become one of the largest cryptocurrency exchanges in the world as seen from the trading volumes. Despite currently being in Beta, Bitfinex offers some pretty solid features alongside the its three main functions – which are liquidity provision, margin trading exchange and fiat exchange. The site is also quite flexible and will be quite easy to use for experienced Bitcoin traders.
GDAX is famous for being a sister Bitcoin trade exchange of the world renown Coinbase. If you have a Coinbase account, then all you need to begin trading Bitcoin at GDAX is to use the same account details to log in. GDAX is backed by Coinbase and this has earned it a lot of trust, especially from technical traders who are its primary users. The liquidity is great and deposits and withdrawals are processed swiftly and securely in US dollars.
Bitstamp is perhaps the best Bitcoin market simply because it is the oldest one and has a great deal of experience as far Bitcoin trading is concerned. Launched in 2011, this Bitcoin exchange has earned itself great reputation by surviving each and every Bitcoin disaster and not getting shut down or hacked the whole time. The European Union-based Bitcoin exchange offers advanced security features that include fully insured cold storages, two-step authentication technology as well as advanced MultiSig technology. To make it even better, Bitstamp features 24/7 customer support services coupled with an outstanding and multilingual user interface that makes getting started a breeze, even for beginners.
Even though it is relatively new, Bittrex has been touted as the best bitcoin market by its loyal users and followers. Since it was launched in 2014, Bittrex has surpassed a lot of expectations and is now considered to be one of the best thanks to the excellent and super smooth user interface that it spots. This combined with the top-notch security features that the site has in place makes Bittrex an excellent choice for both avid Bitcoin traders and newcomers. Bittrex also has an outstanding reputation that it aims to maintain by having a number of established security experts working round the clock to ensure that users’ funds are safe from any hacks or attacks.
This one also deserves to be called the best bitcoin market because it manages to fit a plethora of great features into its platform while still being able to provide secure and speedy deposits and withdrawals for its customers who also mostly happens to consist of advanced and professional Bitcoin traders. The company, which was also founded in 2011, has the same excellent reputation as its age mate, Bitstamp, for managing to stay afloat all this while despite the fluctuations and disasters of the cryptocurrency market. While Kraken will definitely appeal to the more sophisticated and professional traders, the platform is still quite usable for regular traders and beginners.
It was the top Bitcoin exchange in China before halting its operations due to government regulations in 2017. Since then it has continued operating internationally and is considered a great choice for traders from other parts of the world. In fact, it is one of the largest Bitcoin trading platforms since it hosts large numbers of Bitcoin traders who it has gradually attracted since it was founded in early 2011.
This was once the world’s best Bitcoin exchange but this has since changed due to stiff competition – it is now just one of the best. For an exchange that was founded in 2014, Poloniex holds up pretty well against many of the top cryptocurrency exchanges in the world. This achievement can be attributed to its solid exchange platform that features advanced security features, over a hundred different Bitcoin pairings as well as advanced tools for data analysis tailored specifically for pro traders.
In addition to all these great features, Poloniex also has great customer support and a chat box feature that is usually filled with helpful answers for frequently asked questions – the chatbox also allows the platform’s users to communicate and even advice each other. You just have to be careful about the advice you take.
Coinbase is a huge name in the Bitcoin world – it not only offers the best Bitcoin exchange services but also doubles up as a cryptocurrency wallet that traders can use to store, accept, buy and spend their bitcoin. Coinbase also serves as Bitcoin processor which means it is merchant tool for businesses. The platform’s user interface is very streamlined and is thus suitable for novice traders and fast traders.
Cryptopia is a Bitcoin exchange that aims to give users all the services that a Bitcoin trader would wish for but with a little more flair. The user experience is extremely fluid but that is not all they offer – there are couple of additional services that are integrated onto the platform. These include a robust marketplace and a Bitcoin wallet. Moreover, Cryptopia supports over 400 cryptocurrencies and the number is bound to increase with time.
CoinMama is considered to be the best Bitcoin exchange by its followers simply because it is perhaps the most robust platform of them all – traders can buy bitcoin using a variety of popular payment services including MoneyGram, credit card and even Western Union. It is particularly suitable for traders who want to transact instantly in a straightforward manner using the currencies in the home countries.