The Top 10 Cryptocurrency Exchanges in the World

Cryptocurrency exchanges come in all shapes and sizes. It can be difficult to choose the right one when there are so many to consider. We have reviewed the top exchanges to present you with the top ten. We have included all the need-to-know details so that you can choose the exchange that is right for you.

Coinbase Consumer

Coinbase has become almost synonymous with cryptocurrencies and for a good reason. The service is extremely beginner-friendly and provides a way for users to easily convert their fiat currency into cryptocurrency. Users can choose to purchase cryptocurrencies in a number of different ways such as depositing to their account via bank transfer or using a payment card to make the purchase immediately. Coinbase have also recently started providing the Coinbase Bundle which enables users to purchase a basket of major cryptocurrencies weighted by their market cap.

Coinbase Pro

Coinbase also offers a more advanced exchange which provides a suite of tools for more active traders. Users of Coinbase Pro also avail of much lower fees. The suite of tools include an order book, depth chart, trades printing, and price chart. The fiat currencies supported include EUR, GBP, and USD.

Binance

 Since their ICO last year, Binance has become the largest exchange by trading volume. Binance has become one of the most popular places to trade various altcoins. Binance regularly lists new projects and will also delist a project if they feel it is becoming irrelevant. Altcoins are paired against USDT, Bitcoin, Ethereum, and Binance’s own cryptocurrency BNB. There is a suite of tools also available including the order book, depth chart, and price chart. The exchange does not yet support fiat currencies but they have announced plans to support fiat currencies going forward.

Kraken

Kraken is another top-tier exchange. It has been operating since 2011 and is responsible for the largest amount of volume in Bitcoin against Euro trading. The exchange supports a variety of fiat currencies and cryptocurrencies. The available trading pairs can be seen below. The fees are also reasonable and the exchange provides tools for advanced traders. There is also margin trading available and users can go both short and long.

BitMEX

BitMEX is the top exchange for trading cryptocurrency derivatives. It’s flagship product is a perpetual futures contract that tracks the price of Bitcoin against USD. The exchange operates only in Bitcoin. If users speculate well, they will build their balance of Bitcoin and if they speculate incorrectly, they will diminish their balance of Bitcoin. Users can apply leverage up to 100x and can go both long and short.

 

Bitstamp

If unlimited withdrawal amounts sound good, Bitstamp is the exchange for you. While most exchanges apply strict withdrawal limits, Bitstamp enable traders to withdraw any amount once their account is verified. This makes it ideal for larger traders looking to convert from cryptocurrency back into fiat currency. It is not suitable for smaller traders looking to cashout as there is minimum fees applied to withdrawals which makes it not worthwhile if only a small amount is being withdrawn.

OKCoin

Hong Kong headquartered OKCoin have been recently expanding into North and South America. They will be facilitating fiat currencies which are not supported by most exchange such as the Argentine Pesos. OKCoin also launched OKEx in 2017 which offers derivative products and leveraged trading.

Bittrex

Bittrex was for a long time the main place where most traders conducted their altcoin trading. Prior to Binance and other exchanges developing a focus on a wide variety of altcoins, Bittrex had one of the largest crypto-to-crypto offerings. Bittrex has also recently added fiat currency support. Bittrex has markets that pair altcoins against USD, Bitcoin, and Ethereum. There are over 500 pairings for altcoins against Bitcoin. The tools provided include an order book, price chart, depth chart, and trades printing.

CEX

 CEX provides users with both a quick way to purchase cryptocurrencies and more advanced trading tools. On the homepage, users are quoted amounts of cryptocurrency to buy for $200, $500, or $1000. There is also the option to customise the amount. There is a wide number of cryptocurrencies supported and users can purchase via Visa or Mastercard. The more advanced trading platform enables users of the exchange to avail of lower fees and to access trading tools including an order book, depth chart, and price chart.

 

Changelly

Changelly is different from any of the other exchanges included on this list. On most exchanges, altcoins are paired against a limited number of base currencies such as Bitcoin and Ethereum. In changelly, you can swap directly between altcoins. The process is simple. You put in the wallet address in which you wish to receive the cryptocurrency to. An exchange rate will be proposed which clearly includes the fees. Once everything is agreed, you will be provided with an address to send the cryptocurrency being exchanged to.