These days, it appears that everyone wants to deal in cryptocurrencies. So to help you choose the right exchange, we’ve analyzed the leading Bitcoin (BTC) exchanges to bring you our top picks. However, keep in mind that cryptocurrency investments are speculative, and you should be ready to hold onto your investments despite wild fluctuations in prices.
If you are looking for a single recommendation, then you can’t go wrong with Binance; it’s the largest and fastest-growing Bitcoin and altcoin crypto exchange in the world by volume. It has grown tremendously since its initial coin offering (ICO) and is now the most widely used Bitcoin exchange on the planet.
On Binance, you can buy bitcoin using a debit/credit card and trade it for other coins, for example, Bitcoin to Ethereum. It is a centralized exchange that provides decent discounts for day traders, and it offers a fully functional mobile app. Getting started with Binance is simple and quick; your email address is all you need to register.
Binance’s fee structure is unique; it has a standard trading fee of only 0.1%. The site also offers its native altcoin called BNB. Apart from Bitcoin itself, BNB is another crypto you should consider holding onto since holding a BNB token will get you a 25% rebate on your trading activity on Binance.
One major caveat with Binance is that it’s not available for US citizens. US citizens should look to the other entries on this list for alternative exchanges.
Changelly delivers products and services that allow its customers to enjoy the benefits of a one-stop-shop crypto coin exchange where they can purchase, sell, swap, and trade bitcoin and other altcoin cryptocurrencies. The site has over 170 listed crypto assets and sees monthly site traffic from over 2 million users.
Since 2015, Changelly has provided an intuitive and easy-to-use platform for fast crypto exchanges. Driven by the goal of mass adoption, the site has been continuously developing to offer its users novel and innovative services and a flawless exchange experience.
Among its numerous services, Changelly provides users with a marketplace that enables cryptocurrency purchases and sales via credit card, bank transfer, and Apple Pay in over 160 fiat currencies. Users can also swap between 170 different cryptocurrencies.
The platform is available on the web and mobile.
CEX is a cost-effective Bitcoin exchange offering an industry-standard fee of 0.25%. CEX’s services are available globally, including in 31 states of the USA. The company was set up in 2013 and now has offices in the United Kingdom and the United States.
It is one of the most trusted Bitcoin exchanges out there, with top-notch security features and support for multiple payment options, including debit/credit card, SWIFT, SEPA, ACH, FasterPayments, Skrill, Qiwi, and other cryptocurrencies. CEX also supports USDT, which is essential for any Bitcoin exchange. The exchange is supported by other major crypto trading tools like Shrimpy and 3Commas.
CEX supports a fully-functioning mobile app with 2-factor authentication, where you can buy up to $100-worth of bitcoin daily without the need for verification.
Coinbase is a U.S.-based Bitcoin exchange platform. With over 30 million users, it is one of the largest Bitcoin exchanges in the world.
It has one of the cleanest interfaces among its competitors, and it, similarly, is available on both iOS and Android. They also provide a Bitcoin debit card that allows you to spend your cryptocurrency just like cash.
On CoinBase, you may buy Ethereum, Litecoin, DAI, USDC, BAT, and Tezos in addition to Bitcoin. If you are in the United States, Europe, UK, or Singapore, you should be able to purchase Bitcoin instantly using a credit card.
While Coinbase is great for buying & selling Bitcoin, if you are into trading, you need to go to GDAX for Coinbase’s official exchange. Thankfully, if you already have an account with Coinbase, you can use your existing Coinbase login to get started trading.
Based in San Francisco, Kraken is one of the major Bitcoin exchanges in the United States. Kraken also allows you to trade other cryptocurrencies, including Bitcoin, Ethereum, XMR, LINK, and many others.
This exchange is accessible to individuals worldwide. You can finance your account with fiat currencies such as the US dollar, Canadian dollar, yen, and euro and directly with other cryptocurrencies, including Ripple and Litecoin. It’s simple to get started, and verification takes roughly 1-2 days.