Best Bitcoin Exchanges to Buy and Trade Bitcoin
Planning to start investing in or using bitcoin? Well, this is a great time to get in on the global cryptocurrency phenomena and be a part of the massive shit in the financial world.
However, make sure you pick one of the best bitcoin exchanges to buy and store your bitcoins.
We measured the bitcoin exchanges that we have mentioned on various merits like countries supported, currencies accepted, user-reviews for the past 4-5 years, liquidity, transaction fees, safety, speed and customer support.
This is THE most comprehensive list of the best bitcoin exchanges you’ll find on the internet. Sorted from our top recommendation to our next best pick, you can find them all below.
Best Bitcoin Exchanges to Buy Bitcoin
If you’re living in United States, UK, Canada, Singapore or Europe, Coinbase is hands down the best exchange to buy bitcoin with fiat currency.
Coinbase offers a variety of payment methods that you can use to buy bitcoin, litecoin or ethereum.
Here are our complete review and a step-by-step guide on How to Buy Bitcoin using Coinbase.
For anyone who isn’t a citizen of USA, UK, Canada, Singapore or Europe, Local bitcoins is the next best alternative. It is one of the safest ways to buy bitcoins locally from people you can meet face to face and in your own local currency.
Here is our complete step-by-step guide on How to Buy Bitcoin using Local Bitcoins.
Living in countries like India? Coinmama is the best way to buy bitcoin with a credit card. They have a very high purchase limit and a responsive customer service. However, the issue with buying bitcoin using a credit card is high fees (~6%). However, you can even buy bitcoin using Western Union.
Here is our complete step-by-step guide on How to Buy Bitcoin using CoinMama.
One of the oldest fiat to bitcoin exchanges in the market. Cex.io allows you to buy bitcoin with a credit card but has considerably lower fees (~3.5-4%). However, on the downside, it does take quite some documentation to fulfill their verification processes.
Here is our complete step-by-step guide to purchasing Bitcoin using Cex.io.
Changelly is a pretty popular platform and for all the right reasons. You can exchange any cryptocurrency to another without having to place them in an exchange wallet. Moreover, they also offer Visa/Mastercard support if you wish to purchase bitcoins with fiat currency.
Wall of Coins
Pretty similar to Local Bitcoins but only to be used when Localbitcoins isn’t accessible or feasible for you to make the purchase. Wall of coins is another Peer-to-peer bitcoin marketplace where you can buy and sell bitcoins for cash.
itBit is a global exchange that accepts wire transfer as their mode of payment for buying bitcoin. It’s an ideal platform if you’re planning to buy a large amount of bitcoin.
Best CryptoCurrency Exchanges to Trade Bitcoin
While the options to buy bitcoins are limited, fortunately, we have a lot more options and diversity when it comes to cryptocurrency exchanges where you can trade bitcoin for other cryptocurrencies.
You’ll need these only if you want to buy or invest in altcoins using your Bitcoins.
Binance is THE fastest growing cryptocurrency exchange out there and I personally use it for all my new altcoin investments. They’ve been partnering up with a lot of new companies being launched to bring valuable tokens to the market at speed.
You can read our full Binance Review here.
- More trading pairs than any other CryptoExchange in existence
- Quick addition of new valuable tokens to the marketplace
- Complete compliance with the SEC
- No deposit Fee
- Trading Fees: 0.1%
- No Phone Support
- You cannot purchase bitcoin via fiat currency
Bittrex is my second best choice when it comes to exchanges, simply because it brings huge volume to any new token that’s launched on the platform. I’ve myself seen a lot of my tokens skyrocket weeks after being listed on Bittrex, just because they were exposed to the massive volume these guys have to offer. However, they are known to charge some of the highest trading fees in the market.
The third largest crypto exchange in terms of volume, Bitfinex is one of my all-time favorites. Bitfinex brings you exclusive partnerships with strong tokens like EOS (now on other exchanges as well) and Metaverse ETP along with massive volume to help you trade with speed.
The exchange has faced some DDoS attacks and withdrawal issues in the past but that holds a very pressing possibility for any major exchange out there.
Poloniex was the first exchange I had ever used and it is definitely very user-friendly. However, I’ve been losing my enthusiasm for them lately since I’ve started using Binance and Bittrex which offer a lot more coin pairings and more volume which makes buying and selling fast and easy.
It was at one point the largest exchange in terms of volume but since then user adoption has just been downhill for Poloniex.
I do NOT recommend you to go with Etherdelta as it can be a big pain if you’re just starting out and the only reason to use Etherdelta is if you need to sell your tokens and they still haven’t been listed on any other exchange.
There are no fees to use the exchange as nobody really owns the exchange, however, you have to pay gas to make ether transactions.
- No Exchange fees
- No Ids required
- No withdrawal limit
- Low volume
- Hard to use