Exchange Reviews

Coinbase

                                                              Summary:                                          Visit Site

Coinbase is a secure online platform that lets consumers buy, sell, transfer and store digital currencies. Their easy to use app and Bitcoin, Ethereum, Litecoin and recently Bitcoin Cash compliance has attracted millions of Americans to download the app. If you need an instant cryptocurrency purchase with a debit card, they will charge you 2-4% fee aside from the network fee. If you can wait five days, a 1.49% fee will be charged to your purchase. GDAX is a digital asset exchange and Coinbase subsidiary that lets you trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash for a minimal fee depending on if you make them take the market and no fee if you make the market.

Pros:

  • High buying limits depending on verification levels
  • High liquidity on four different digital currencies (Their CEO has announced more will follow in 2018)
  • User-friendly
  • Reliable and trusted

Cons:

  • Medium fees on purchase
  • Coinbase may track your Bitcoin spending
  • Not recommend to store digital currencies (instead download a respective digital currency wallet)

Changelly

                                                        Summary:                                          Visit Site

Changelly is a cryptocurrency exchange that facilitates the exchanges between Large cryptos like Bitcoin and Litecoin with altcoins such as  Dogecoin, Monero, NEO and other supported cryptos. You can also purchase Bitcoin with your debit card but they charge 5% for the process. Their interface is very simple to use, and newcomers find it very user-friendly especially when it might be scary to make your first crypto exchange into the unknown (the blockchain).You will need to have a wallet before making an exchange to a supported crypto (e.g  Gatehub for XRP, NEON wallet for NEO). Changelly has some cool features such an account to track your past exchanges and it converts crypto trades at the best rates.

Pros:

  • Works worldwide
  • Exchange fees are 0.5%
  • Support many cryptocurrencies
  • Reliable and trusted

Cons:

  • Take a long time to fulfill the exchange
  • Need an external altcoin wallet to use
  • Supported altcoins change everytime

Paxful

                                                        Summary:                                          Visit Site

Paxful is a Peer to Peer Bitcoin marketplace connecting buyers with sellers. The very simple process and platform lets you choose a payment method to purchase your Bitcoin with, how much you want to purchase, and then it connects you with a Bitcoin seller worldwide. You can purchase Bitcoin with PayPal, gift cards, and debit cards amongst other options. Most trades are instant depending on the availability of the seller and the payment method. Really good support forum, and minimal overall fees 0-1% makes Paxful a flexible destination to purchase Bitcoin. Be aware that not all vendors are verified on the platform, trade with trusted vendors and with a good reputation.

Pros:

  • Works worldwide
  • Instant trades
  • Low transaction fees
  • Many payment methods

Cons:

  • Only Bitcoin is supported
  • Not everyone is verified on the platform
  • Premium Bitcoin rates

HitBTC

                                                        Summary:                                          Visit Site

HitBTC is a global trading platform with multi-currency support like Bitcoin, Ethereum, Monero, Dogecoin and more operating since 2013. A very powerful API lets traders make their own trading bot without much effort. Registration for their trading platform is fast and easy but you will have to be verified if you want to purchase with FIAT currency which can take some time. HitBTC trading fees are 0.1% on every market trade and 0.01% on limit trades. Offering a 2-step verification security option makes this platform one of the safest out there.

Pros:

  • 50+ cryptocurrencies to trade
  • Worldwide use
  • Low trading fees
  • Strong security

Cons:

  • If you are verified, funding can take up to 14 days, and up to 20 days for withdrawals.
  • High fees on USDT withdrawals
  • No mobile app

Coinmama

                                                        Summary:                                          Visit Site

Coinmama is a Bitcoin broker that allows users worldwide to purchase Bitcoin with their debit/credit cards. Users Purchasing less than $150 don’t need to verify their identity. For higher purchase activities, they will have to provide a full identity verification. Verification can take 10 minutes, and after that, all future purchases will have Bitcoins delivered instantly.
Coinmama offers some of the highest purchasing limits and liquidity with up to $5,000 per day and $20,000 per month. On average, they charge 5-6% per purchase.

Pros:

  • High limits/liquidity
  • Worldwide use
  • Reliable brokers
  • Ease of use

Cons:

  • High fees
  • Only allowed to purchase Bitcoin

CEX.IO

                                                        Summary:                                          Visit Site

CEX is an international Bitcoin exchange that offers purchases with debit/credit cards. The platform works with a Fill or Kill order that orders must be executed immediately. For direct purchases, they can charge up to 5% on fees and 0.2% fees for trading. They offer strong security for customers safety and high liquidity on digital assets. There are four different kinds of limits depending on verification. For basic accounts, purchase limits start at $500 per day, after you become a verified plus, there are no purchase limits. You will have to provide a government issued id and personal information in order to be verified.

Pros:

  • High limits depending on verification level
  • Worldwide use
  • Instant purchases
  • Ease of use

Cons:

  • Not supported in the USA
  • High fees
  • Charge premium on Bitcoin

Binance

                                                        Summary:                                          Visit Site

Binance is one of the fastest growing crypto-to-crypto exchanges. They have their own cryptocurrency BNB that allows users to trade with other cryptos and charge 0.05% fee per trade, rather than the usual 0.1% fee they charge on regular crypto trades. You will have to deposit crypto funds in order to start trading, but after that, it is very fast and easy to use. Great security overall, communication and community makes them one of the best exchanges out there.

Pros:

  • Low trading fees
  • Own cryptocurrency BNB
  • 50+ cryptocurrencies to trade
  • Ease of use

Cons:

  • No support for FIAT currency

xCoins

                                                        Summary:                                          Visit Site

Xcoins offers a Bitcoin lending platform that connects borrowers and lenders in a peer to peer fashion. You can purchase Bitcoin with a credit/debit card and via Paypal and receive the digital currency instantly. Lenders can charge a fixed 15% interest rate on Bitcoin lended. Available in 40 different countries, Xcoin has a low lending limit of $1,000.

Pros:

  • Easy to sign up
  • Users receive Bitcoin instantly
  • Worldwide
  • Ease of use
  • Innovative way to obtain Bitcoin
  • 24/7 Customer Support

Cons:

  • The platform was hacked in 2017, security concerns were raised.
  • Limited features
  • Low loan limit
  • High interest rate for borrowers

LocalBitcoins

                                                        Summary:                                          Visit Site

LocalBitcoins is an escrow service similar to craigslist which matches you with a bitcoin buyer/seller near you. You can make Bitcoin purchases with cash deposits, PayPal, credit/debit cards worldwide. The platform is free to use but vendors usually make their own Bitcoin price thus charging a premium sometimes (vendors are charged a 1% fee). You have to choose your seller carefully, make sure he is verified, has good feedback and trading history before making a trade. As an open market, anyone can make an account and claim to be a Bitcoin vendor.

Pros:

  • Low verification
  • A large variety of payment methods
  • Worldwide
  • Ease of use

Cons:

  • Vendors can charge a premium for Bitcoin
  • Be wary of unverified accounts
  • Not recommended to buy large amounts of Bitcoin

eToro

                                                        Summary:                                          Visit Site

SAMPLE TEXT – HitBTC is a global trading platform with multi-currency support like Bitcoin, Ethereum, Monero, Dogecoin and more operating since 2013. A very powerful API lets traders make their own trading bot without much effort. Registration for their trading platform is fast and easy but you will have to be verified if you want to purchase with FIAT currency which can take some time. HitBTC trading fees are 0.1% on every market trade and 0.01% on limit trades. Offering a 2-step verification security option makes this platform one of the safest out there.

Pros:

  • 50+ cryptocurrencies to trade
  • Worldwide use
  • Low trading fees
  • Strong security

Cons:

  • If you are verified, funding can take up to 14 days, and up to 20 days for withdrawals.
  • High fees on USDT withdrawals
  • No mobile app

Mercatox

                                                        Summary:                                          Visit Site

Started in 2016, Mercatox sets to provide not just a service with different abilities, but create a new financial market in the digital world. Mercatox allows users to trade over 100 currencies in both fiat and crypto pairs, while also offering margin trading and lending to customers. Users can store their assets in a multi-currency wallet and interact with community members in their proprietary chatroom baked into the user interface. While their site does not have the most aesthetically pleasing experience, you cant expect lower fees, and fast customer service. People have criticized Mercatox however for their lack of a mobile app, and also their inability to accept credit card or bank transfers, which most traders look for in an exchange.

Pros:

  • Low fees of 0.25% on every trade
  • Multi-currency Wallet
  • Access to over 100 coins

Cons:

  • No bank transfers or credit card support
  • Customer complaints of funds being locked for extended periods of time
  • Not beginner friendly

SimpleFX

                                                        Summary:                                          Visit Site

This brokerage company located in Saint Vincent and Grenadines makes it possible for customers to trade in Bitcoin and 60 other currency pairs as well as on precious metals. They make use of a MetaTrader 4 platform for their trading. While they also offer forex trading, our focus is on the crypto side of their operations. While trading crypto-to-crypto pairs, there is no identity verification process, and accounts remain anonymous if that is what you are looking for. SimpleFX also has very low deposit and withdrawal fees compared to other similar exchanges. However, if you are looking to control your private keys, or need an exchange with reasonable swap rates, this might not be an option. Overall, buying cryptocurrency on SimpleFX is simple and cheaper than other options.

Pros:

  • Low deposit and withdrawal fees
  • Annonymous trading (except fiat)

Cons:

  • High swap fees
  • No control of private keys
  • No information on liquidity sources

Ava Trade

                                                        Summary:                                          Visit Site

AvaTrade is a forex company that enables people to trade on Bitcoin. With the site you can easily speculate the prices of Bitcoin and take advantage when necessary either to buy or sell. Ava Trade gives you different trading platforms (automated and manual), with over 250 trading instruments, charts, multiple analytical tools and indicators to enable you do your trading without hassles.

Pros:

  • Reliable transaction timing
  • Not limited to crypto trading

Cons:

  • 5-day withdrawal time in some cases
  • High transaction costs depending on market conditions

Exmo

                                                        Summary:                                          Visit Site

Exmo offers eleven different BTC pairs and over twelve USD pairs with fast and reliably secure transactions. Exmo claims to have some of the lowest fees on the market and while they have a lower daily volume than most exchanges, their user base is growing rapidly. With an easy to use interface, and multiple security factors Exmo could be an exchange worth considering.

Pros:

  • Low fees
  • High security for accounts
  • Multiple BTC pairs
  • Fiat support

Cons:

  • Customers have complained about certain coins transaction reliability
  • Withdrawal fees can be costly

Bitquick

                                                        Summary:                                          Visit Site

Founded in 2013 out of Cincinnati, Bitquick has been slowly growing iitsuserbase. Known for their ease of use, and quick transactions when it is coming to buying Bitcoin, Bitquick has gained a lot of popularity since 2013. While they did suffer a significant cyber attack that put them offline for over a month, people were very pleased with how they dealt with the situation. Aside from higher fees than normal, there is really nothing bad to say about Bitquick.

Pros:

  • Extremely fast transactions
  • Great transparency

Cons:

  • Was hacked before
  • Higher fees than majority of exchanges

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Bitcoin
$3,531.37
-3.81%
Ethereum
$117.36
-4.3%
Litecoin
$30.59
-5.03%
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