The Top 10 Bitcoin and Cryptocurrency Exchanges
How to Buy Bitcoin?
After researching countless bitcoin and cryptocurrency exchanges, we have compiled a list of just 10 of the top bitcoin trading sites for beginner to intermediate traders. This list of bitcoin exchanges above will be of good use to learn how to trade bitcoins. Each of the bitcoin trading platforms offers detailed instructions on how to begin trading crypto. Based on your trading needs, choose one of these top rated bitcoin exchanges to instantly buy bitcoin with credit card, paypal, cash, bank transfers and more. After buying your crypto and bitcoin, be sure to store them offline in a cold storage wallet for absolute safety. While keeping your crypto on an exchange is good for speed, it leaves you vulnerable for hackers and it typically doesn’t give you access to your private keys. For cold storage options – check out the list of the best hardware wallets. When you are ready to buy or sell your bitcoin, it’s very easy to transfer in and out of your cold wallet to an exchange.
What is The Best Bitcoin Trading Exchange?
Each cryptocurrency exchange has it’s own pros and cons however the 10 sites above have been chosen based on their ease of use, speed, and safety features. Be sure to do your own research and try out the platform with a practice account or with a small amount of bitcoin before starting to buy and sell bitcoin in large amounts. This will ensure you are comfortable with the platform and won’t make any costly mistakes. Localbitcoins.com is a really cool p2p bitcoin exchange for beginners wanting to buy for their first time. The service is all over the world, meaning you can use euros, pounds, yen, australian dollars, swiss francs, canadian dollars, krona, rubles, lira, rupees and so on. If you pay by physical cash then you get to meet the person in real life. Alternatively you can do a fast bank transfer and the site will hold your coins in escrow for you once it goes through. Obviously there are more simple ways to start off. Some like to buy with paypal, but not many leading bitcoin exchanges accept this because of chargebacks.
The Largest Bitcoin Exchanges
Generally the biggest bitcoin exchanges will be toward the top of the above list. For example Coinbase is the best USD bitcoin exchange. Their platform is easy to sign up for and also offers Ethereum and Litecoin.
The Best Cryptocurrency Exchanges
YoBit, Changelly and Shapeshift are all fantastic options for trading alt coins as well as Bitcoin. These bitcoin trading platforms has done great job at making things easy. If you are looking to start day trading, check out YoBit. Changelly and Shapeshift offer many options as far as cryptocurrencies go. Both work similarly, enter the coin you have, the coin you want, the reciving address, and then send the correct amount and within minutes you have your new crypto currencies in your personal wallet! Changelly also offers the option to instantly buy bitcoin and alt coins with credit card, but for large purchases we would recommend to buying from Coinbase.
The Best Bitcoin Exchanges in 2017
Coinbase has an attractive and easy to use interface, both online and on mobile. They allow you to buy bitcoin, ethereum and litecoin with a debit card, credit card and bank transfer. Over 4,800,000 users are signed up, including 45,000 merchants, and 9000 developer apps. Works well for European, American, & Canadian customers.
- Really easy to use
- Lots of long-time customers
- Online wallet available
- Slightly more work needed when verifying account
Localbitcoins is a popular for p2p (person to person) transactions all over the world. Simply put, you interact directly with the guy selling to you. Out of all the bitcoin sites listed here, this is one of the first and most reputed. Escrow and dispute resolution is provided by the site.
- Great way to meet people
- PayPal also available
- No verification needed
- Popular in most countries
- May take longer to conclude transaction
- Risks associated with anonymous transactions
- Some bank accounts have been suspended after receiving money
CEX is one of those international bitcoin exchanges accepting euros, British pounds, US dollars, Russian Rubles, Ethereum, Zcash, and Dash. Needless to say, CEX is very popular within those currency regions. There is a no-nonsense landing page, giving you the option to buy or sell 100, 200, 500, or 1000 USD worth of Bitcoin. I like the transparency given to users about how much they will actually pay – even before they sign up. Good security practices, a modern and simple user interface, and both bank transfer & credit card purchases are available. CEX is indeed a good beginner-optimized alternative to Coinbase. Read the comprehensive Cex review for more details including fees, verification, & security.
- Bank transfer and credit card deposits
- Very easy to use & great for beginners
- Users know how much they will pay before even signing up
- Buying and selling Ethereum is available
- Recently Litecoin was unlisted
GDAX is part of the coinbase family and it is easy to use your funds from Coinbase to trade on GDAX. It’s great for technical traders and offers good liquidity. Deposits are in USD and can be processed just as rapidly as withdrawls. Also happens to be the best ethereum exchange for serious players in this space.
- An integral part of the trusted Coinbase brand
- Optimized to be a serious trading site
- More ID processing steps than on Chinese trading platforms
Paxful get over 2 million monthly visits, with 50% originating from the USA. It’s a peer to peer Bitcoin marketplace connecting buyers with sellers similar to the one above. Over 150 payment methods can be used. Impressive.
- Hundreds of payment methods such as Paypal, Skrill and NetTeller, cash – or even iTunes & Amazon gift cards.
- p2p (person to person) – similar to Localbitcoins
- Higher fees than elsewhere
Coinmama is a popular site for buying bitcoin or ether from those far-out tricky countries that are not accepted by the larger exchanges. Note that users cannot sell back to the site – only buy.
- Credit card purchases from nearly all countries
- Fees are higher than most sites
- Not possible to sell cryptocurrency back to the exchange