A cryptocurrency exchange, also called a Digital Currency Exchange (DCU) is a business that enables you to trade digital currencies or cryptocurrencies. Many cryptocurrency exchanges offer to trade Bitcoins, Ethereum, XRP (Ripple), Altcoin, and more. Here I listed the best crypto exchange services with their features and popularity.
Coinbase is the world’s largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins, ethereum, litecoin and many other coins. Coinbase supports customers in over 30 countries, including the United States, Europe (besides Germany), UK, Singapore, Canada, and Australia. Customers in the above-mentioned countries can purchase cryptocurrency by debit card, bank transfer, SEPA transfer, and more.
- High buying limits
- Easy for newbies
- Instant Buy option
- Bank Transfer takes 5 days to complete
Coinbase’s exchange, Coinbase Pro, is one of the largest crypto exchanges in the United States. Users can fund their accounts to buy crypto via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.
- Lowest fees for EU and US countries
- Trusted service
- Confusing user interface
Coinmama allows customers in almost every country to buy bitcoins, litecoins, ethereum and many other coins with a credit or debit card. They charge a 4.9%-5.9% (depends on volume) fee on each purchase. Customers in Europe can also purchase cryptocurrency with SEPA transfer for a lower fee.
- Available in all countries
- Reliable and trusted service
- Highest limits
- Highest transfer fees
Tradingbrowser is the reputed site for crypto exchange service news. Here you can able to get the information about all the trusted trading services available. You can analyze this site in two hours to get the required information about trading services.
- Trusted service
- Reliable information
Bittrex is one of the world’s largest 10 cryptocurrency exchanges. It supports a bunch of coins that other exchanges support. It generally has good volume across all its pairs, making it ideal for both large and small buyers and sellers. Bittrex recently launched a new interface, after nearly three years using the same design.
Bitstamp is one of the longer running Bitcoin exchanges. It has been around since 2011 and is a licensed exchange with the Luxembourg’s Ministry of Finance. It is a good option for traders and those buying large amounts of bitcoins. Because Bitstamp is geared towards traders, it also has confusing fees if you use the exchange. The fees you pay depend on your total volume. Unless you trade high volumes, you will likely pay 0.25% per buy.
Kraken is a global Bitcoin exchange and supports most countries, including European residents along with residents of the United States, Canada, and Japan. A wide range of fiat currency deposit options are available, including SEPA, ACH, and wire transfers. Kraken offers excellent liquidity as its average daily volume is around $45 million So if you want to buy large amounts of bitcoins, Kraken is a good option.
Bitfinex is a popular exchange because in terms of USD trading volume it has the most liquidity. It currently owns about a 10% share of the USD trading market. Because of its confusing interface, it’s probably only a good choice for traders who really know what they are doing. Despite getting hacked and losing $70 million or more in customer funds, Bitfinex remains a popular option for serious traders. Still, the hack is scaring some people away.