Top 10 Best Cryptocurrency Exchanges in 2018: Looking for the Safest & Most Secure Cryptocurrency Exchange ? Having trouble to Find Best US Cryptocurrency Exchange ? Want to get some idea about Top 10 Cryptocurrency Exchanges to buy & sell ? Don’t get so much confused ? Here, in this article, We’re giving you the details about Cryptocurrency Exchange Wikipedia, which will definitely help you to find your answers with the question of ‘What is the Best Cryptocurrency exchange ?’ Opportunists with an entrepreneurial bent of mind consider the genre of cryptocurrency as the threshold of a myriad of lucrative earning opportunities. Now, that you have taken a deep dive into the core dynamics of cryptocurrency and its working mechanism, we believe that the right time has arrived for you to jump into the bandwagon of this affluent arena of trade. There are various types of cryptocurrency exists in the market (more than 1500, according to coinmarketcap). And, If we look to the Market Cap of Cryptocurrency world, then it’s near about or, more than $436,109,931,270 (as on May 10th, 2018).
Unfolding the Anatomy of Leading Global Cryptocurrency Exchanges before Capitalizing on the Crypto Bandwagon
Considering the huge explosion of market growth, you may feel a little perturbed about how to get started, facing a plethora of questions like ‘which is the platform to buy or sell cryptocurrencies?’ or ‘what are the regulatory issues to consider while trading digital currencies?’ As we (Cryptocurrency News Market) already explained you about ‘What is Cryptocurrency‘ and ‘Top 10 Best Cryptocurrency‘ as a list of cryptocurrency to invest in our previous posts. So, here’s an in-depth, relevant and precise overview on the top 10 best cryptocurrency exchanges of the world that are expected to influence the digital currency market in 2018, 2019 & 2020.
Parameters to Select the Most Well-paying Cryptocurrency Exchanges for You
Safety and security protocols of the server and website.
State of Liquidity.
Transaction fee structure of exchange like percentage fees, spectrum of operations and fixed fees.
Transparency in providing data of coin prices, transaction and volume.
User satisfaction of customers.
Number of currency pairs available for trading Bitcoins.
Top 10 Best Cryptocurrency Exchanges Platform – Cryptocurrency Exchange Sites
Here’s a quick rundown on the most prominent crypto exchanges of the world.
Coinbase Cryptocurrency Exchange has emerged as a veteran name in the world of digital currency, while gaining the top position as the comprehensive solution for Bitcoin trading. Being a wallet for spending, storing, purchasing and accepting Bitcoins, it serves as a chief processor for both businesses and merchants. It is a San Francisco-based company that restricted its initial offering to the USA earlier, however, has entered the European market now, thereby endowing both buying and selling services to around 18 nations.
Type of business
July 2, 2011; 6 years ago
San Francisco, California, U.S.
Brian Armstrong (CEO & Co-Founder)
Asiff S Hirji (President & COO)
Alesia Jeanne Haas (CFO)
Balaji S Srinivasan (CTO)
Emilie Choi (VP of Corporate & Business Development)
Eric Scro (VP of Finance)
Rachael Horwitz (VP of Communications)
Bitcoin, Bitcoin Cash, Ethereum, Litecoin, exchange of digital assets
Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in around 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Coinbase has two core products: a Global Digital Asset Exchange (GDAX) for trading a variety of digital assets on its professional asset trading platform, and a user-facing retail broker of Bitcoin, Bitcoin Cash, Ether, and Litecoin for fiat currency. It also offers an API for developers and merchants to build applications and accept payments in both digital currencies. As of 2018, the company offered buy/sell trading functionality in 32 countries, while the cryptocurrency wallet was available in 190 countries worldwide. On March 26th, 2018, Coinbase announced their intention to add support for ERC20 tokens.
While following a unique principle, it requests the clients to link their bank accounts with exchange accounts and initiate an Automatic Transfer System for purchasing Bitcoins every time as it does not allow them to deposit dollars in clients’ accounts. Though the order gets placed during the time of order placement, the Bitcoins get released when the amount is being credited to the Coinbase account from bank account within a span of 3-5 days. Often, this intricate payment mechanism makes it an unfavourable option for day trading.
It is developed for the beginners, especially for those who are having a long-term perspective and eager to learn about Bitcoin trading. Coinbase does not include a host of progressive trading tools such as limit orders, bids, short sale orders or margin trading.
Binance has gained wide recognition as a well-distinguished Chinese cryptocurrency exchange. Though the Binance Cryptocurrency Exchange company started its operations from China, it was compelled to shift its location to Tokyo, Japan because of facing a host of regulatory problems. The exchange website is lauded for boasting the potential of processing 1400000 orders on a regular basis. The company has attained its ICO in 2017 and since then, it has grown to be one of the top 10 exchanges of digital currencies all across the world, having over 140 altcoins being listed on it.
Binance is an international multi-language cryptocurrency exchange. The service raised 15 million dollars in a July 2017 Initial Coin Offering for its ERC20 BNB token. CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for brokers. In 2013 he joined Blockchain.info as the third member of the cryptocurrency wallet’s team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. The other founder, Yi He, had also worked at OKCoin as head of branding and marketing head of the virtual currency exchange OKCoin; she had also worked at Yixia Tech.
Users on the Binance Exchange can receive a 50% discount on trading fees by paying with the BNB token. Since the Binance ICO, a number of new exchanges have adopted the ICO model, issuing their own tokens.
Being a centralized exchange, it has taken a distinguishing take on expanding its business by providing a moderate discount to day traders for using BNB coins, the native currency of Binance. The fee structure is simple; as you need to pay a standard trading fee of 0.1% and can be reduced further as per the year of transaction, which is pretty less compared to its alternatives.
As of January 2018 it was largest crypto-exchange with a BNB market capitalization of $1.3 billion.
In March 2018, Binance had announced its intentions to open an office in Malta after stricter regulations in Japan and China.
With its headquarters at Hong Kong, Bitfinex is known to be one of the most progressive exchanges for cryptocurrency trading, facilitating the trading on a wide range of digital currencies including Bitcoins, Litecoins, Ethereum, Ethereum Classic, Dash, Ripple, Monero, IOTA and Zcash. Bitfinex is a cryptocurrency trading platform, owned and operated by iFinex Inc. Since 2014, Bitfinex has been the largest Bitcoin exchange platform, with over 10% of the exchanges’ trading.
Bitfinex Cryptocurrency exchange was unveiled in the year 2013 and since then, it has gained rapid progress as one of the largest platforms, as per the trading volume (USD). It is well-acclaimed for equipping users with a myriad of beneficial aspects including margin financing, short selling, liquidity swaps, high security, early orders along with an exchange app for both Android and iOS users to facilitate ease-of-use. It offers a chance to the trader for earning interest on the deposited funds of his Bitfinex account, which can be calculated or tracked by using advanced online tools on return estimation, interest rates and time periods.
Critics have raised questions about the relationship between Bitfinex and Tether. Tether is a cryptocurrency which Tether Limited claims is pegged to the US dollar. Tether is closely associated with Bitfinex, with whom they share common shareholders.
A spokesperson for Bitfinex and Tether has said that the CEO of both firms is Jan Ludovicus van der Velde. Subpoenas from the U.S. Commodity Futures Trading Commission were sent to Tether on December 6, 2017.
Though the interface is a bit complex to comprehend, it can be extensively customizable and thus, prove to be a convenient option for both the trading crackerjacks and aspiring beginners. In March 2018, British Virgin Islands-based Bitfinex confirmed the exchange’s plans to relocate its business to Zug, Switzerland.
Being a prominent US-based digital currency exchange, Bittrex equips the users with a propitious option of trading on more than 190 cryptocurrencies on a simultaneous basis. The platform is sternly regulated in compliance to the present US rules, such that the users do not face any sort of confusion or complication about the security of their funds.
Digital currency exchange
Seattle, Washington, United States
2013; 5 years ago
Bill Shihara (CEO), Richie Lai, Rami Kawach, and Ryan Hentz
Cryptocurrencies BTC, ETH, and 190+ other cryptocurrenciesFiat CurrenciesUSD
Bittrex is globally acclaimed for meticulously handling one of the expansive BTC trading volumes, while benefiting the crypto users with high stability, speedy transactions and stringent risk management protocols. This platform facilitates trading on a wide range of crypto pairs into Bitcoins, covering some of the major options such as litecoins, ethereum, darkcoins, nextcoins and NeuCoin. However, being a ‘crypto-only’ exchange, it will not allow the deposit or trading of any type of fiat currency such as EUR, USD, GBP etc.
Bittrex is a US-based cryptocurrency exchange headquartered in Seattle, Washington. The company was founded in 2013 by Bill Shihara and two business partners, all of whom previously worked as security professionals at Microsoft. The exchange is one of the largest cryptocurrency exchanges because of its high trading volume, is renowned for the vast number of cryptocurrencies it has listed, and has a good reputation for its security.
Since December 2017, along with Binance and Bitfinex, it had temporarily stopped new user registrations due to high demand. On April 10, 2018 the company open registrations for new users but was again forced to temporarily stop new user registrations after just a couple of hours due to the high demand.
The traders (buyers and sellers) are equipped with the privilege to decide the rates of their cryptos and it charges a minimum service fee of around 0.25%. The interface is pretty much uncluttered and intuitive and thus, the newcomers are expected not to face any sort of ambiguities. This exchange has also acquired praises for offering easy access to a host of progressive trading tools such as crosshairs and candlestick charts.
Global Digital Asset Exchange (GDAX) is popularly known as the integrated trading outlet of Coinbase, the most well-recognized US-based cryptocurrency exchange with its operations in Australia, Europe, Singapore and Canada. Being an outlier, GDAX offers fewer trading pairs compared to other distinguished exchanges, allowing users to trade in between Bitcoins, Litecoins, Ethereum and fiat currencies such as EUR and USD. It serves as an extension of Coinbase and functions as a conventional option that offers a real-time marketplace for trading in a clean, intuitive and simple user interface.
GDAX stands for Global Digital Asset Exchange. Formerly known as ‘Coinbase Exchange’, but rebrand to GDAX to target hardcore players.
GDAX and coinbase are owned by the same company.
Coinbase targets retail consumers while GDAX targets hardcore players.
GDAX is featured in The Wall Street Journal, Tech Crunch, Fortune and The New York TImes.
GDAX offers institutions and professionals the ability to trade a variety of digital currencies like Bitcoin, Ethereum, and more on a regulated U.S. based exchange.
This easy-to-accessible and highly functional exchange is insured by a panel of reputed investors including Andreessen Horowitz (the New York Stock exchange and the private venture capital firm in America). Leverage of upto 500:1 is provided to investors who are in the pursuit of finding prospective opportunities of money making.
Coinone has attained praises as the third-largest cryptocurrency exchange in South Korea and the world’s first Ethereum exchange, integrating the Korean Won. Adhering the same, it has driven a large amount of the global crypto trading volume for the South Korean investors, since its inception. Presently, it is the one and only fiat currency, which has been accepted by the Korean Won.
Coinone: The Future of Finance
Korean Exchange (English version available)
Trade Bitcoin and Ethereum faster, easier, and safer through Coinone
Coinone is a Fin-Tech startup company innovating the financial system with the blockchain technology.
Multi Platform Service
While setting their benchmark in the industry of digital currency in the nation and all across the globe, it endows users to trade on a range of crypto options such as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Qtum, Ripple and Litecoins. The exchange is certainly a well-paying and convenient option for the South Korean traders, however, is not a viable option for facilitating International arbitrage.
With its headquarters in San Francisco, California, Kraken is a globally-accepted and exhaustive cryptocurrency exchange that facilitates its operations all across America, Europe, Canada and Japan. Kraken is a US-based cryptocurrency exchange operating in Canada, the EU, Japan, and the US, and “the world’s largest bitcoin exchange in euro volume and liquidity”. With the aim to serve as a highly integrated platform for trading, it offers a range of attributes starting from high security environment & reliability, high liquidity, quick financing, lower rates, trading margins, legal compliances along with progressive sorts of orders; stop loss orders. While boasting a set of propitious perks relating to fiat support, users can utilize the opportunity of trading on multiple fiat currencies such as USD, EUR, JPY and CAD after making a bank wire deposit.
On 10 January 2018 Kraken suspended trading for over 48 hours while it performed an upgrade which was intended only to take 2 hours. In December it has been reported that Kraken was registering up to 50,000 new users a day. In April 2018, Kraken announced to shut its services in Japan, after operating since October 2014, by the end of June due to the rising costs of doing business there. [Wikipedia] Since first opening in 2011 this was the longest interruption to service. Though the exchange is proven to be highly functional for traders in need of a comprehensive set of features, it might fail to satisfy the users with the will and wish to trade in a simple user interface, since it is difficult to navigate and highly unintuitive.
Several acquisitions of other bitcoin businesses have allowed Kraken to expand rapidly.
19 January 2016 – the American Coinsetter and the Canadian Cavirtex
27 June 2016 – the Dutch CleverCoin
13 December 2016 – the American Glidera
1 March 2017 – charting and trading platform CryptoWatch
Headquartered in Luxembourg, this digital currency exchange has emerged as one of the hotshots of trading huge volumes of cryptocurrency since 2011. It accelerates instant buy/sell orders for BTC/USD pair with deposits and withdrawals, available in a host of currencies like US dollars. Bitstamp has acquired a strong hold in the world of Bitcoins that offers trading by using limit orders, where the predetermined price can be set for buying and selling orders, while making payments via debit or credit cards. Some of the cryptocurrencies available for trading in Bitstamp are Bitcoins, Bitcoin Cash, Ethereum, Litecoins and Ripple. It allows USD, EUR, bitcoin, litecoin, ethereum, ripple or bitcoin cash deposits and withdrawals.
Bitstamp offers an API to allow clients to use custom software to access and control their accounts. The exchange has proven to be of immense help in empowering users with effective and beneficial foregone analysis. Though it allows the investors to trade on U.S dollars, it is highly compatible with the Single Euro Payments Area (SEPA) of European Union , which offers a great deal of convenience and accessibility to traders. In 2017 Chicago Mercantile Exchange has created the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the US dollar price of Bitcoin. This price is set through Bitstamp, GDAX, itBit and Kraken.
BTCChina or BTCC Bitcoin Exchange China serves as one of the largest and oldest trading platforms for purchasing and selling Bitcoins on the basis of trading volumes, supporting the exchange of Bitcoins and Litecoins by using Chinese currency. However, apart from the same, it also accepts deposits and withdrawals in US and Hong Kong dollars. Apart from trading on digital currencies, it also provides safe and well-protected storage of Bitcoins (offline) by using a host of advanced cold storage techniques. It does not charge any sort of trading or deposit fee for LTC, BTC and CNY, however, charges a small withdrawal fee.
Though, this progressive trading platform enjoyed a glorious realm of progress and popularity since its launch, it started to experience a severe decline as the aftermath of ICO ban in China. The company has discontinued or closed its function of digital currency recharge on Sep 27, 2017 and has stopped online withdrawal of funds on 3rd January, 2018, while winding up its exchange business and affecting the cryptocurrency market course in 2018.
Multi-platform trading, high liquidity and extensive security are some of the progressive attributes that define the potential of CEX.io as a well-distinguished cryptocurrency exchange. Headquartered at London, this European-based trading platform offers the traders to exchange cryptocurrencies including Bitcoin, Bitcoin Gold, Bitcoin Cash, Litecoin, Ethereum, Zcash and Ripple. It facilitates the trading of fiat money with digital currencies and offer an integrated set of features including lower fees, high liquidity & security, user-friendly trading dashboards, margin trading and cross-platform trading.
CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP and RUB. The exchange charges 0% to 0.25% commission on trade operations, according to the Maker-Taker fee schedule. While offering a brokerage service, it offers a simple and unambiguous way of buying bitcoins for the novice traders, thereby charging lower fees as well.
In October 2017, CEX.IO launched the trading of Digital Cash (DASH) and Zcash (ZEC). In 2017, CEX.IO experienced an influx of negative feedback from users complaining about long verification and transaction processing. The exchange representatives explain this issue by the increased users inflow and work on strengthening customers’ security
Other Safest and Cheapest Cryptocurrency Exchange with Lowest Fees
Cryptocurrency Exchange Reviews – A Piece of Advice
Apart from aforesaid exchanges, you can also review some of the other prevailing options such as Bter, CampBX, OKCoin, itBit, AskCoin, HitBTC etc. to proceed as a smart trader before making a fair investment. With an approx of 60 exchanges available all across the world, the world of digital currency is rapidly expanding, scaling new heights of success and introducing brighter opportunities for investors. However, making a prudent move might prove to be quite intimidating for you without considering the various weighing features such as trading facilities, fee schedule, liquidity, potential gains and risks involved. Thus, research and analyse precisely, think rationally and rethink twice to narrow down your prospective options before plunging into the rewarding genre of cryptocurrency trading.