In today’s world, cryptocurrency has become one of the hottest topics. It uses a peer-to-peer digital cash system, and like other transaction systems, you need a bank account, while a sufficient balance is necessary for exchanging. The miners check and verify every action to prevent double-spending or solve repetitive use of the same entity. Miners take transactions, stamp them as legitimate, and spread them in the network. Several reliable cryptocurrency exchange platforms are available for selling or buying cryptocurrencies.
Best Cryptocurrency Exchange Platforms
Cryptocurrency exchanging platforms refer to specific websites that allow selling, buying, or trading cryptocurrencies for digital and other traditional currencies like Euro and USD. The top 20 platforms that we think are best for cryptocurrency trading are discussed thoroughly in this article.
1. eToro
eToro is an awesome cryptocurrency exchange platform that offers both a mobile app and a web platform for investors. As a leading social investing platform, eToro is trusted by 35M+ people globally, and currently, it is available in more than 100 countries. Also, you can choose from a wide array of financial assets to trade or start investing in.
The fees are very transparent and low in comparison to other brokers. Moreover, the eToro platform is simple and user-friendly. They have an integrated wallet app to which customers can transfer and store crypto seamlessly from the eToro platform.
Insights of this Account
- It comes with advanced financial trading features like leverage and short, and you can invest in more than 5,000 financial instruments across various platforms.
- Allows investors to deposit or withdraw using various payment methods such as Credit cards, Wire transfers, credit or debit cards and so on.
- The intuitive interface is intended to enable people to manage finances easily, and you will get $100,000 for free for a demo account.
- eToro is a social investing platform with a community of traders and investors that can help you interact and discuss investing strategies for a better outcome.
- Its CopyTrader feature can be used to replicate the actions of top investors automatically. Besides, the CopyPortfolios comes with ready-made investment strategies.
- Offers a minimum deposit as low as $100 depending on your country while withdrawals and other fees are comparatively lower than the available alternatives. For U.S. customers, the withdrawal fee is absolutely $0.
One of the platform’s best features is eToro’s patented CopyTrader™ technology, which enables clients to compare top investors’ performance and choose to replicate their trading activity automatically and in real-time. This makes the platform unique in the world of online investing.
2. Coinbase
Coinbase is the best crypto trading platform and one of the largest bitcoin exchanging websites. It is trendy because of its liquidity and security. As a significant Bitcoin broker, it also has features like a wallet and API for developers to connect third-party apps and trading.
Insights of this Platform
- This platform is simple and easy to understand. It is designed to make it easy for newcomers to get used to Bitcoin.
- You can pay using the most popular payment methods, like Visa and Mastercard.
- If anyone wants, he/she can buy Bitcoin using a credit card as a backup, although there is a buying limit.
- Although it manages a huge customer base, it can still process your transactions quickly.
- A very high buying limit and comparatively low fees increase its efficiency for the users.
- Coinbase offers a digital wallet to store your assets, deposit boxes, and vaults used to store reserves.
3. Kraken
Kraken is one of the best cryptocurrency trading sites for beginners. This platform will guide you in getting used to cryptocurrency and becoming an expert as well. This platform highlights the ever-changing way people understand money and finance.
Insights of this Platform
- A useful platform for both experts and newcomers. It offers simplicity and portfolio management to keep track of your profile.
- It focuses on ensuring the digital platform’s highest quality safety and security for its clients to prevent fraudulent activity.
- To maintain fluent and flawless communication with clients, it offers 24/7 availability through its global support.
- Kraken has advanced features to list your financial resources. You can even decide to enrich your portfolio and find an investor pair.
- This platform handles capital through its exclusive solution that provides support for all-sized investors for investors.
- Over-the-counter trading helps you grow as an investor as an investing solution; Kraken has competitive pricing plans and a flexible process.
4. Bitfinex
When we are talking about cryptocurrency exchange platforms, Bitfinex is the most mentioned one. It has an advanced list of tracking the interested sellers and buyers for a particular financial instrument. Eight variations in order typeset for all scenarios set this platform apart from most trading platforms. Besides, you only need a smartphone to become an authorized trader.
Insights of this Platform
- Bitfinex has an interactive user interface, and existing demos help users get used to the platform.
- It supports almost all cryptocurrencies, including Bitcoin, Ethereum, Monero, Dash, EOS, Litecoin, Ripple, Tether, NEO, and all digital assets.
- Bitfinex leverages your trading to get the best possible rate at that specific time.
- Through their peer-to-peer trading platform, you can scale your portfolio and attract trade demanders for your digital assets.
- Offer five other order types and the three basics: limit order, market order, and stop order.
- You will not need to deposit any amount of money for crypto, although the site has already been hacked before, and the security of this platform is questionable.
5. Bittrex
Bittnex is one of the most high-level cryptocurrency trading sites. It is using cutting-edge technologies to bring revolution by increasing the demand for cryptocurrency around the world. Bittrex focuses on minimizing the time of the transaction, and security is also mentioned. Its goal is to change the way goods are traded using this innovative technology.
Insights of this Platform
- It incorporates cross-sectional layers alongside diversifying security schemes, which makes it an effective and reliable platform.
- Generates dynamic API and algorithmic trading, which makes it usable for integrating third-party trading platforms.
- The scalable engine ensures the minimum time so that every transaction can be completed in real time.
- As an innovative blockchain project, it concentrates on anti-money laundering that aims to increase the adoption of cryptocurrency globally.
- It has a modernized approach to recording the data of token orders, and digital wallets are also available for instant trading.
6. Poloniex
Polonies is a rapidly growing cryptocurrency exchange platform that has almost doubled its customer and monthly traffic. The highest exchange volume for altcoin has made it popular among traders and investors. You can transact almost any cryptocurrency, and lower trading fees are also well-known, which is below 0.20%.
Insights of this Platform
- You can trade all kinds of digital assets, from BTC and ETH to altcoins and stablecoins, to invest in innovative projects and achieve objectives.
- It aims to spread the necessity of becoming a part of the financial revolution by promoting cryptocurrency through the Go platform.
- It uses the algorithmic approach to initiate trading and mixes it with researched strategies to provide a competitive advantage.
- A large number of pairs among the leading cryptocurrency trading sites are supported, while strict security remains focused.
- It stores the maximum amount of data offline and tries to store the exact amount of funds required to ensure seamless trading.
7. CEX.IO
As a platform where more than 3,000,000 happy customers participate in crypto trading, it has earned people’s trust and has become a reliable platform for exchanging bitcoins. This platform is suitable for depositing funds to sell or buy bitcoins or digital currency using Visa/Mastercard.
Insights of this Platform
- It has an advanced trade engine that supports order listing algorithms to process high-volume orders in real time.
- Unique security protocols such as DDoS attacks, full data encryption, and compliance with PCI DSS standards are incorporated for strong security.
- It protects traders from experiencing the impact of negative balance and boosts trading up to 10x.
- It allows users to check their balance and transaction history utilizing their accounts and transparency while generating reports.
- This platform highlights high liquidity, execution in the minimum time, and less spreading to pair up with the top currencies.
- Competitive strategies and different price plans for market makers and traders make it an elite cryptocurrency exchange platform.
8. Changelly
It is a great crypto trading platform if you don’t want to disclose your identity on the internet. You can exchange your digital assets using just an email, and there is no need to submit any government-issued ID. Besides, the advanced platform has also enhanced the experience for investors and traders.
Insights of this Platform
- It affirms clients from all over the world, which makes it universal. Besides, the ability to convert both Bitcoin & Altcoin makes it more powerful.
- Changelly can also work as a widget, and you can use it on other applications to enable users to convert their cryptocurrencies.
- Users get full freedom if they want to initiate any trading because there is no minimum or maximum limit.
- Mobile responsive website alongside Android and iOS applications permits users to track their transactions on the go.
- This platform emphasizes security, and none of the funds are available online instead of in the user’s wallet.
9. Bitbuy
This crypto trading platform in Canada has a reputation for being the most responsive and fast platform for processing crypto transactions. Although the service is limited only to Canadians, the number of traders is high. Direct customer service and secure activation of user accounts are responsible for the rapid growth of this platform.
Insights of this Platform
- This platform’s security is not an issue as it provides 2-factor text-based authentication and a sophisticated IT base.
- More than 95% of their customer’s coins are stored in cold wallets and not disclosed online.
- You can deposit a lot of money, and several payment options are available.
- It does not compare the rate for all currencies; only Bitcoin, Bitcoin Cash, Ether, Litecoin, and Ripple are available.
- Offers to provide funding in 2 hours through their Express Interac e-Transfer deposit method.
10. Changenow
It offers hassle-free trading as a crypto trading platform, as you do not need to open an account. None of your transaction data is stored in the database, although Changenow assures your safety. It also breaks the boundary of the exchange limit, which sets a high standard for the platform.
Insights of this Platform
- Every transaction is completed within 15 minutes, and you can pay using your Visa or Mastercard.
- The user-friendly platform automatically detects the best exchange rate for traders.
- As there is no need to check the exchange rate, it saves investors a lot of time.
- You can exchange more than 160 types of crypto, while fiat-to-crypto is also available.
- No hidden cost, 24/7 support, and smart applications make it much more reliable for traders.
11. Shapeshift
Shapeshift is claimed as the best crypto trading platform by so many investors and tradespeople worldwide. It maintains more than 110 cryptocurrencies; a free account is required to start transacting. The convenient platform is uncomplicated, and you can transfer your money quickly to the receiver.
Insights of this Platform
- Exchange rates are speculated in real-time, and you need not spend a single penny on seeing the prices.
- This platform is intended to serve the purpose of an API, and trusted partners can use the API by implementing OAuth.
- It was never so easy to work with Ripple cryptocurrency before the arrival of Shapeshift.
- You can trade anonymously, although security is ensured at each step of trade.
- It works like a crypto vending machine and focuses on fast, private, and reliable execution.
12. Bitstamp
Bitstamp is one of the leaders in the cryptocurrency industry. They are already mature enough to provide better service and ensure protection. Besides, the ability to cash out directly to your bank account and the fact that there is no withdrawal limit have helped it to maintain its position for a long time.
Insights of this Platform
- Reliability has been proven since 2011, and more than 98% of digital assets are stored in cold storage.
- Encourages beginners by offering simplicity in the mobile application and website user interface.
- Besides, it has advanced, unique tools to get insights into the experienced merchant market.
- High-performance FIX and HTTP APIs help deploy your own set of strategies on marketplaces or trading sites.
- Bitstamp offers several account types and security features like multi-sig technology.
13. Coinmama
Coinmama has been operating in the industry as a major crypto trading platform since 2013. It focuses on the ever-changing development process to render the best service for the traders. You can buy Bitcoin, Ethereum, Ripple, and other demanded cryptocurrencies, and there is no need to deposit. You can instantly start trading once your account is verified.
Insights of this Platform
- This platform offers a Bitcoin calculator. You can check the rate in your currency in real time.
- It promotes a digital wallet for the customers and focuses on security & privacy standards.
- You will not be able to integrate this platform with any other third-party platform, as there is no available API.
- This platform is famous for its transparency in service and user-friendly responsive interface.
- Supports all the popular payment methods. This platform also accepts Western Union payments.
14. Bitsquare
This is one of the most flexible cryptocurrency trading sites. It uses an open-source and peer-to-peer network to exchange your national currencies with crypto. As no account is required, you can access it anytime to start trading. If you are not sure about disclosing your identity, then you can try this platform.
Insights of this Platform
- Its operation entirely relies on the individuals associated with the platform as it uses a decentralized network.
- This platform never holds any of your information and only allows you to share information with the trading partner.
- It offers significant opportunities for developers, and source code is available on GitHub and Slack.
- It does not control your wallet; preferably, all the bitcoins are stored in multi-signature addresses.
- If you want to dispute your trade, Bitsquare applies the arbitrator system to handle it, and any transaction is completed within 10 minutes.
15. LocalBitcoins
LocalBitcoins is an excellent platform for buying or selling bitcoin at a specific rate that is completely controlled and set by you. It automatically detects a person’s location and shows the current rate of different cryptocurrencies in his/her currency. This platform also allows payment through local online payment gateways.
Insights of this Platform
- The process is straightforward. All the steps can be done, from account creation to a digital wallet, within a few minutes.
- You can buy or sell your digital assets by meeting the trade partner, as this platform is human-to-human interaction.
- Posting an advertisement is made fun of through the interactive platform offered by LocalBitcoins.
- It supports a wide range of payment methods, although the exchange rate is pretty high.
- Maintains security with sophisticated strategies, a P2P network, and a community-focused culture.
16. LinkCoin
LinkCoin is one of the newcomers in the cryptocurrency industry. It has been introduced over the counter for Altcoins for the first time in the world. This platform is formed using the experience of the stock exchange, investment banking, and brokerage firms. Ensuring high-quality security and user experience has already gained popularity after starting the journey in 2017.
Insights of this Platform
- The platform is intelligent and provides liquidity when exchanging digital assets.
- Uses OTC rather than a traditional stock exchange. Trading is completed between the partners only.
- Service-oriented architecture and multi-signature technology are incorporated to provide the highest safety.
- Minimizes the trading time significantly. Payment, token generation, and all the tasks are completed within 5 minutes.
- Web, Android, and IOS platforms are also available to make the system more efficient and usable on the go.
17. Binance
If you want to indulge yourself in one of the most demanding cryptocurrency exchange platforms, then this is the platform you might be interested in. Even if you are a beginner in this sector, this platform will guide you to become an expert through its multi-dimensional UI and creative framework.
Insights of this Platform
- It is capable of processing 1,400,000 orders per second, making it the most powerful world-class matching engine.
- Separate functions for client management, data management, and application processing make the system easier.
- To ensure security, a multi-layered approach and clustering technique are working behind the trading process.
- Mobile applications alongside separate desktop applications for Windows and Mac are also available.
- Start your crypto trading platform or marketplace by integrating the open-source API.
18. Gemini
This cryptocurrency exchange platform focuses on trading at low risk, but confirming recurring purchases across the order books is the central part of its goal. This platform has been working to promote the adoption of cryptocurrency since 2016. It started the New York-based company journey and expanded to Hong Kong, Singapore, South Korea, and Japan.
Insights of this Platform
- Gemini takes responsibility for your money and offers powerful tools to harness the future of your portfolio.
- The first platform is to clear the SOC 2 Type 1 examination to become a trusted SaaS provider.
- Gemini is one of the very few crypto trading platforms with its Auction function when many crypto-assets are dealt with.
- It holds most of the funding in offline wallets, and you can start trading with literally any amount of deposited money.
- It charges 0.25% standard fees from the users and also has maker-taker prices like other crypto trading platforms.
19. Huobi
This trading place is only available to US citizens. This is very popular among people due to its fast and reliable conversion over other cryptocurrency exchange platforms. Besides, if you want to transfer your assets from Huobi Global to Huobi OTC, you can do it freely in this marketplace.
Insights of this Platform
- This platform lets you generate tokens and giveaways in one of the world’s most advanced currency trading platforms.
- Premium currency wallets of this platform are powered by a DDoS-mitigation layer & multi-stage authentication.
- You can integrate Huobi using API, which is open-source and supported by a wide range of platforms.
- More than a hundred pairs are available to trade, and you can buy real products using Huobi Tokens.
20. Luno
Luni is powered by a robust trade engine that has many extensive features. Although the system is safe and reliable, you can only exchange Bitcoin and Ethereum. The platform is easily understandable, and you will be guided through detailed guidelines at every step.
Insights of this Platform
- Luno can be referred to as one of the early birds that offer crypto trading on digital platforms.
- Has customers from over 40 countries and products of different types. Besides, it has already processed more than 8 billion dollars.
- They provide service and customer support in many languages, making it easy for traders to use.
- The security system is very sophisticated, and 2FA makes it a better place for investors.
21. Coinigy
Coinigy started its journey in 2014, and since then, they have maintained its reputation through its premium customer support. If you want to take your portfolio to the next level, its premium portfolio suit can help you a lot. You can build, manage, evaluate your portfolio, and exchange through all kinds of platforms.
Insights of this Platform
- Offers starter, pro, and API developer accounts, and price ranges from 0$ to 99$ per month.
- Your security is never controlled and supported by the world’s most exchange platforms.
- Operated by cloud-based platforms and Google Data Centers, it ensures superior 99% uptime.
- It provides a real-time API for the developers, and huge data is ready to use for both individuals and companies.
- Coinigy encrypts all of your data while protected by multi-tiered architecture.
Finally, Insights!
Cryptocurrency is going to replace traditional currency in the near future. As a result, demand and prices are going higher day by day. If you are not familiar with the concept of cryptos yet, it is high time to start your journey. You must choose a good platform to get going with the latest features of digital currency exchange platforms.
You can start exploring any of the cryptocurrency exchange platforms described above. Exchange rates, payment methods, deposit types, account management, and security are the issues you should keep in mind while choosing the cryptocurrency trading site that suits you best.
