Top 20 Trusted Bitcoin Exchanges in 2018

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1. Coinbase.com

Coinbase combine an attractive interface, a great site to get bitcoins with a debit card, and multiple online wallets for your digital currency. Over 4,800,000 users are signed up, including 45,000 merchants, and 9000 developer apps. Works well for European, American, & Canadian customers.

Advantages

  • Very easy to use
  • Lots of long-time customers
  • Online wallet available

Disadvantages

  • Slightly more work needed when verifying account

Also Check Coinbase review

2. Localbitcoins.com

Localbitcoins is quite 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.

Advantages

  • Great way to meet people
  • PayPal also available
  • No verification needed
  • Popular in most countries

Disadvantages

  • May take longer to conclude transaction
  • Risks associated with anonymous transactions
  • Some bank accounts have been suspended after receiving money

3. Paxful.com

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.

Advantages

  • Hundreds of payment methods such as Paypal, Skrill and NetTeller, cash – or even iTunes & Amazon gift cards.
  • p2p (person to person) – similar to Localbitcoins

Disadvantages

  • Higher fees than elsewhere

4. Bittrex.com

Update: New account registrations are closed. I’ll be re-listing the exchange once new sign-ups are allowed.

Bittrex has earned it’s place as the new contender to the throne of world’s largest crypto exchange. Years of hard work and some lucky circumstances (BTC-e shut-down, Poloniex exodus, Cryptsy) have compounded a steady inflow of new users.

Advantages

  • Nearly 200 trading pairs
  • Currently the most visited altcoin exchange
  • Trusted by millions of traders
  • High volumes available for big trades

Disadvantages

  • Heavy vetting requirements – especially for a non-fiat exchange
  • Minor scaling issues as users flow in to sing-up

5. Poloniex.com

Poloniex was once the best cryptocurrency exchange. Why? Well recently customers have been migrating to Bittrex following reports of withdraw problems on Poloniex. Nevertheless Poloniex has been through extremely fast traffic growth since the demise of its rival Cryptsy in 2016, and especially since the recent altcoin bubble of early 2017. Traffic has grown from 7 million monthly visits in February 2017 to 30 million in May 2017. Poloniex has the nicest trading interface out there, both for mobile and desktop users this will work wonders. Please note that because Poloniex is a pure “crypto” exchange, it is not possible to deposit government (fiat) currency. You’ll need to first buy bitcoin elsewhere, and then deposit it to be able to trade.

Advantages

  • The 2nd most popular crypto exchange, after Bittrex
  • Margin trading (up to 4x) available on largest altcoins
  • One of the best trading interfaces for mobile and desktop browsers
  • Has the large volumes for all major altcoins including Ethereum.

Disadvantages

  • Loosing significant customer-base due to reports of user withdraw issues and lack of customer support
  • Not possible to deposit fiat currency

6. Bisq.io

Bisq (also known as “Bitsquare”) is not to be missed for the more technically advanced. A decentralized p2p platform that keeps you super safe. Over 60 crypocurrencies can be traded and you can even purcahse btc using a bank transfer, escrow, & trusted 3rd parties.

Advantages

  • Incredibly advanced (technologically)
  • p2p AND decentralized
  • Trusted escrow system for bank transfers

Disadvantages

  • Advanced level of IT comprehension needed

7. Bitmex.com

Bitmex is the leading bitcoin margin trading site. Users can trade cryptocurrency derivatives with up to 100x leverage. Pairs include BTC/USD, Yen, Monero, Ripple, Dash, and Ethereum. Bitmex CEO Arthur Hayes has used his experience as an equity derivatives trader for Deutsche Bank to design, build, and maintain exactly the type of platform that users are looking for. Granted that this platform is for experienced and seasoned traders. Beginners should avoid trading coins here without knowing the implied volatility risks.

Advantages

  • Leading platform for bitcoin derivatives and margin trading
  • Great and functional user experience throughout the site
  • Up to 100x leverage

Disadvantages

  • With such high leverage it’s easy to overlook implied risk factor

8. Bitstamp.net

Bitstamp are big in Europe and, since 2011, have moved from Slovenia, and the United Kingdom in search of sound regulatory environments. Good volumes are available for larger trades. Well received by people using SEPA and credit cards. Both euro and US dollar deposits are accepted. I like Bitstamp because they really focus on being a pure bitcoin-only exchange (update: since 2017 Bitstamp have started adding popular cryptocoins).

Advantages

  • Card purchases available (visa mastercard and visa) in Europe and the USA.
  • HQ Located in Luxembourg
  • Good for large transactions yet easy to use for beginners

Disadvantages

  • Not available outside of EU and the USA

9. GDAX.com

GDAX is 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.

Advantages

  • An integral part of the trusted Coinbase brand
  • Optimized to be a serious trading site

Disadvantages

  • More ID processing steps than on Chinese trading platforms

10. Etherdelta.com

Etherdelta is a recent addition to my list. You absolutely have to check this decentralized exchange (DeX) out. Created by developer Zack Coburn in 2016, Etherdelta has become the community’s favorite place to trade Ethereum ICO tokens without using custodial accounts or centralized services. More than 325 ERC20 tokens are listed. Daily trading volumes are respectable for the most popular ICO coins. Using this DeX requires the Metamask Chrome browser extension. The best part is that your money is always under your control. Such infallibility comes from the storing of all personal funds in smart contracts – over which only you have control of the private keys.

Advantages

  • Funds are extremely safe on this fully-decentralized exchange
  • No ID, real name, or registration of any sort is required.
  • High-volume ERC20 exchange for trading Ethereum ICO tokens

Disadvantages

  • Beginners will have to watch a tutorial to understand how to use Etherdelta

11. CoinATMradar.com

CoinATMradar provide a global map of bitcoin ATMs. This allows you to use cash to buy in person at a physical machine. This is one of the most underrated means of purchasing with no verification of ID, and allows users to stay anonymous with over 869 ATMs srpead over each continent.

Advantages

  • Find bitcoin locations near you
  • No ID needed in some cases
  • Explains how a bitcoin atm works

Disadvantages

  • Not always possible to find a machine nearby
  • You’ll have to leave your house!

12. Coinmama.com

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.

Advantages

  • Credit card purchases from nearly all countries

Disadvantages

  • Fees are higher than most sites
  • Not possible to sell cryptocurrency back to the exchange

13. Cex.io

Update: Cex has been removed from the top exchanges as new account registrations are currently disabled. I’m following the situation closely

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.

Advantages

  • 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

Disadvantages

  • Recently Litecoin was unlisted

14. Kraken.com

Caution: Kraken is no longer listed here due to persistent UI and trading engine issues. Kraken once worked well through SEPA, had an easy verification process, and was very knowledgeable when it come to cryptography and security. As of early 2017, this platform has been re-positioning themselves as a crypto exchange by adding multiple new altcoins.

Advantages

  • Cryptographic communications
  • Cheapest rates for trading, depositing and withdrawing
  • Worked well for Europeans and North America

Disadvantages

  • Increasingly severe issues with Kraken trading engine, page timeouts, generating new deposit addresses
  • Recently disabled stop-loss and other trading features without giving explanation to the community
  • Site not as visually intuitive

15. EXX.com

EXX is a multi-cryptocurrency exchange based in Hong Kong. EXX offers cryptocurrency trading pairs such as Bitcoin, Litecoin, Ethereum and Ethereum Classic for their entire global user base. EXX also provides users with an easy-to-use mobile app and leverage trading services.

Advantages

  • It support QC and USDT trading.

Disadvantages

  • Currency deposited in wallet does not show up as usable funds and is not user friendly to withdraw.

16. Quadrigacx.com

QuadrigaCX is the most convenient method to trade BTC and ETH to CAD. They are the biggest exchange in Canada and their office is located in Vancouver, BC. Their goal is to provide an easy to use platform to simplify the process of buying and selling Bitcoin or Ether.

They pride themselves as having security as their number one priority. QuadrigaCX has some of the most advances security measures in the Bitcoin industry, including the use of Cold Storage for the majority of the Bitcoins within their system. The user accounts are secured with encryption that exceeds industry standards, and their servers employ the use of custom operating systems and software. When it comes to their trading platform, both the website and API are protected from attacks through their partnership with CloudFlare, one of the internet’s leading online security firms.

Advantages

  • The signup process included a few identify validation steps
  • QuadrigaCX has good withdrawal function with Canadian Major Bank

Disadvantages

  • Verification system takes time

17. Binance.com

Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Currently, it supports English and Chinese users. The Binance token (BNB) was created during the ICO event to fund the development of the Binance exchange.

Binance is capable of processing 1.4 mil orders/second, has multi-language support – Chinese, English, Korean, Japanese and has all the major coins available – BTC, ETH, LTC, BNB etc. Trading fee is 0.1%

Disadvantages

18. Quadrigacx.com

Advantages

  • Easy to use
  • Great interface

Disadvantages

  • Deposited etherium from gdax not easy

19. Kucoin.com

Kucoin is a multi-cryptocurrency exchange with Service Centers based in China. Kucoin offers trading pairs such as BTC/BCH, BTC/DASH, BTC/NEO, BTC/ETH, BTC/RDN, BTC/LTC, BTC/CVC, BTC/KCS, BTC/RPX, etc. It also provides users with a mobile app available for iOS and Android.

Advantages

  • The exchange platform seems very well developed

Disadvantages

  • Withdrawal takes time to process

20. Btcxindia.com

BTCXIndia is one of the leading Bitcoin exchanges in India. It offers real time trading between rupees and bitcoins for the Indian community.

Advantages

  • Easy Transactions.

Disadvantages

  • Not user friendly
  • Slow Customer Care