For a newbie in cryptocurrency trading, it is quite difficult to find out which is the best one to start with as there are thousands of portals around the globe offering uniquely.
It is really a mammoth task and quite a tricky one. One needs to dig deep into the details to find out the suitable portal for a simplified trading experience with enough security and guidance, to begin with.
As per as the data obtained from various sources, there are more than thousands of portals that are actively doing cryptocurrency trading serving thousands and thousands of traders around the globe. Today, we are here to discuss twenty such trusted cryptocurrency portals that have already gained much popularity among the users globally and are adding up new customers on a regular basis.
Now, before we dig deep into each and every portal and make a review out of it, we would like to discuss in brief the different types of cryptocurrency exchanges or portals.
Different types of exchanges
There are mainly three types of exchanges found in relation to cryptocurrency trading. They are trading platforms, direct trading and lastly brokers.
- Trading platform: Trading platforms are generally sites from where buyers get to meet with the sellers for doing cryptocurrency transactions. A transaction fee is charged for each and every crypto trading according to norms sets by the individual portal.
- Direct trading: Direct trading is a process of crypto trading by which different individuals from around the globe directly exchange cryptos with their preferred exchange rates and does not have any fixed market price. It is a direct individual to an individual trading system and requires no middleman.
- Brokers: Here the price is already set by the brokers for the purchaser and anyone can log in to buy cryptocurrency coins.
Top 20 Cryptocurrency Exchanges
Hereby, I try to brief about twenty of the best cryptocurrency exchange platforms that have a global acceptance in terms of goodwill, trust and user-friendly.
1. Coinbase
In the year 2012 with its base at California, USA Coinbase started its journey founded by Mr. Brian Armstrong and Mr. Fred Ehrsam. Currently, Coinbase is available in 32 countries of the world and 190 countries enjoy the cryptocurrency wallet facility. The company deals in different coins like BTC, LTC, XRP and etc. Coinbase supports Credit card, Bank transfer, Debit card, Cryptocurrency. Paypal is another option by which one can sell or withdraw funds from Coinbase. The company charges around 3.99% fee for purchasing of cryptos. It provides a healthy customer care support to its users with a good repute.
2. GDAX
GDAX which is now Coinbase Pro (from May 2018) is a sister concern of Coinbase marked its establishment in the year 2015 and since then has been considered as one of the most trusted and happening cryptocurrency portals. This portal is basically suitable for intermediate and advanced users rather than the novice. GDAX supports bank transfer and cryptocurrency with a purchase fee of 0.25% or less. The company does offer different marketing strategies to its users like market buy, stops, limit buy and margin trading. It supports different using pairs like BTC/USD, ETH/ BTC with currencies like the American dollar, Pound and Euros.
3. Bitstamp
This cryptocurrency exchange operates from the location of Luxembourg under Mr. Nejc Kodrič as the company’s CEO. Bitstamp started its journey in the year 2011 dealing in Bitcoin (BTC), Litecoin (LTC), Ripple (XRP) and Ethereum (ETH) and other crypto variants. Bitstamp offers bank transfer, credit card and cryptos for trading purposes. There are no deposit or withdrawal fees for transactions. With a good customer support and user review obtained from traders around the globe, Bitstamp today stands as one of the best cryptocurrency trading platforms with its root expanded in Hong Kong, China, Argentina, Dominican Republic and other parts of the world.
4. Kraken
Kraken is a US-based Cryptocurrency Company operating from Canada having its branch in Japan. The company offers a standard type account dealing in different types of cryptocurrency variants including Bitcoin, Litecoin, Zcash, Augur, Ethereum and etc. The trading leverage of Kraken is from 1:2 to 1:5. Kraken charges takers fee of 0.26% and maker’s fee of 0.16% from its users. The company has a cold storage in order to protect the funds with an easy and unique platform to trade. Kraken only allows bank transfer for Fiat currency payments with the availability of cryptocurrency deposits. It does not support credit card or PayPal.
5. bitFlyer
BitFlyer is termed as one of the largest Bitcoin exchange hubs to date. The company saw its first daylight in the year 09 January 2014 under the guided hands of Takafumi Komiyama and Yuzo Kano in Japan. BitFlyer generally deals in Bitcoin trading around the globe along with different variants like BCH, ETC, ETH, MONA, and LTC. This company with its Japanese origin provides many facilities to its Japanese users. It does not change anything when it comes to maintain or create an account. The company earns a good name in terms of security, privacy and customer support.
6. itBit
ItBit started its journey in the year 2013 with it’s headquartered in the New York. Currently, they are serving in 33 different states of the USA as one of the most reputed cryptocurrency trading sites. itBit asks for a 0.20% taker fee and a maker fee of 0% of its users. The portal charges 0.10% flat fee in terms of per transaction. The company does provide a standard three-layered security system to its customers. The portal does accept FIAT currency trading and uses Bitcoin only as a means of trading. Overall the portal has a good review.
7. Upbit
Upbit was founded in the year 2017 by KakaoTalk, one of the biggest and well-known mobile application developers From Korea. The portal offers single trading accounts to each user with 120 cryptocurrency variants starting from the most common ones. The exchange website particularly operates in Korea and not outside the country. South Korean Won is the first preference for trading in UpBit as a Fiat currency. UpBit for deposition does not charge anything as such, but the withdrawal fees vary in respect to cryptocurrency used. It maintains a standard layered security protocol with a competitive fee structure.
8. IDAX
This Mongolian cryptocurrency portal offers more than 20 sets or pairs of cryptocurrency for trading to the users. Not only the company trades with popular and well-known coins such as Bitcoin and Ethereum but it also has a list of available coins such as Bytom, Status, EOS, Dentacoin, Loopring, Odyssey, Storj, and others. IDAX generally provide a web-based platform and charges a flat fee of 0.2% from its users. It does not serve that option for its users, thus simply one can trade cryptocurrencies and token against one another. The portal does provide an unclear withdrawal and deposit fees.
9. Huobi
In the year 2013, Mr. Leon Li founded the company “Huobi” with its base in Beijing. In today’s date, the company claims to trade with approximately 380,000 BTC daily. Generally, the company charges a fee as small as 0.1 percent of the total amount of trade done by the customer offering a high amount of liquidity to its users. The company provides a tight security for traders to trade through their platform and offers a wallet for each customer which is monitored 24 x 7. The portal supports both Chinese Yuan and American Dollars for transaction purposes mainly.
10. Bibox
The company Bibox is basically a Chinese cryptocurrency exchange that works from a site called as Bibox.com. It generally provides a secure platform to its users to do digital currency trading dealing in multiple altcoins. The company deals in different digital currencies such as BTC, ETC, RDN, ETX, CPC, LTC and other such variants. They do not impose any deposit fees from its users. Not only they provide a zero trading fee but also charge nothing when it comes to withdrawing funds. The company provides a unique bonus reward also to its users around the globe also by referring others.
11. Allcoin
Allcoin, a well-known cryptocurrency trading exchanges in Canada came into existence in the year 2016. US dollars and Chinese Yuan are the most usable currency that the exchange offers to its customers with a unique policy of swapping digital currencies in exchange for Fiat money or digital assets. Trading with Allcoin platform is a good experience as per as the review obtained from the users and the platform offers relatively low fees of 0.15% for all transactions. The exchange does accept payments in Fiat currencies using debit and credit card both. The portal supports around 50 plus crypto variants which is a major cause of its popularity worldwide.
12. B2BX
Since the year 2014, the Russia-based team of brokers with vast experience and higher knowledge of crypto trading are making a continuous effort to make B2BX a real success. B2BX does have the advantage of having aggregated cryptocurrency liquidity along with a two-factor authentication (2FA) for traders to do transactions in a more secure way. The different types of altcoins that are available are BTC, LTC, ETH, DASH, BCH, XMR, OMG, B2BX, and USDT. In terms of spot trading, B2BX charges slightly high in comparison and attracts a fee of 0.30% from its taker. The trading platform of B2BX does provide a pretty solid interface.
13. OEX
OEX is a well known Chinese cryptocurrency exchange platform with the availability of exotic variants of altcoins for its traders. OEX does offer over 15 trading variants at its portal. In relation to trading fees, OEX charges a 0.20% fee for both makers and takers of the market but does not charge anything when it comes to deposit or withdrawal fees. There is two distinct trading software that OEX uses. One is a simple one that offers the best bids in the market and the second one concentrates more on the charting system. Overall, OEX offers a nice trading experience to its users.
14. OOOBTC
OOOBTC is a Singapore-base cryptocurrency exchange that offers to trade in cryptos. OOOBTC offers quite different variants of altcoins for trading purposes starting from Rchain, Zilika to Golem and etc. Ethereum is the most used and recognized variant used in the platform. In order to make things more favorable and encouraging for users, the company charges a fee of 0.25% per transaction as a standard protocol. OOOBTC offers a nice user-friendly platform to trade on. The platform does support the users with various charts showing the nature and trend of the trade in a real time. In terms of safety and security OOBTC does a nice job too.
15. Coinmama
Coinmama is one of the well-known cryptocurrency portals around the globe. It is a Bitcoin broker that is based in Israel. The portal specializes in selling Bitcoins. It accepts both the debit card and credit card for transactions. Not only in Israel, the company had its service available to different parts of the world. It is also has a good reputation for providing fast and accurate service to its users. It charges a fee of around 6% for a single transaction. The portal allows up to $5,000 worth of BTC for purchase per day, and up to $30,000 per month in total to its users.
16. CEX.IO
CEX.IO first came into existence in the year 2013 in London and since then has been serving thousands and thousands of users around the globe. The portal accepts MasterCard, VISA, or virtual credit cards from its users for transactions. CEX charges 3.5% plus $0.25 / £0.20 fees for credit card deposits and in addition, charges a 7% service charges also. The minimum purchase amount for Bitcoin is 0.01 BTC and the maximum is set at 10 BTC. Per day withdrawal limit of the portal is kept to a limit of €2,000 to €50,000 per month. CEX operates in most countries worldwide and is a trusted brand globally.
17. Binance
Binance came into the very existence in the year 2017 originating from China under the keen monitoring of Changpeng Zao, the creator. Due to the strict rules regarding cryptocurrency that the government of China possesses, the company was forced to move exchange from China to Japan. The exchange does offer very low fees from its users and free deposit. The portal has tradable coins like Tradable coins like Bitcoin, Ethereum Classic, Ether, Zcash, Ripple, BNB, ARK, BQX, BTG, DASH, ENG, DNT and etc. The portal of Binance does support of high volume trading providing better chances of selling the cryptocurrency.
18. Bitfinix
In the year 2012 Bitfinex, a company with it’s headquartered in Hong Kong operated by iFinex Inc started its journey and today stands as one of the largest Bitcoin exchange platform. The portal works on the three main salient features of margin exchange, trading and margin funding. Bitfinex offers a different kind of order types like Limit, Market, Stop, Stop-Limit, Trailing stop, Fill or Kill and scaled. The portal provides a good transparency to its customers with a perfect environment of security and stability to the trading system. The company is continuously implementing new ideas and implementing them for the betterment of the business.
19. BTC Box
The company BTCBOX runs its business through a domain called “btcbox.co.jp” which acts as a platform for cryptocurrency trading. The company offers the user to privately get the bitcoins keeping the trade fees as low as 0.5%. They have got an FSA license which adds to their creditability. The company has two trading platform in general and is pretty much famous among the locals as it deals in Japanese Yen. Though the company provides much-needed comfort for trading and in exchange activities, often customers around the globe complain of their support line which is quite frustrating. The company gives 1:3 in leverage but the trading is only limited for those who are dealing in JPY.
20. HitBTC
HitBTC portal introduced themselves as one of the leading company dealing in cryptocurrency exchange and acted as a platform globally encouraging its client to do digital trading. Since its inception in the year 2013, there had been much speculation about the exact location of the company and from where the company is operating. HitBTC provides multi-language supports to its users which act as a helping tool for users around the globe. The advanced application support by the company with trading fees of 0.1% or less adds to its strength. They provide free withdrawal with Fiat deposition and withdrawal availability.
Conclusion
Thus concluding, as stated earlier, there are thousands of crypto portal around the globe showing supremacy, but in the above section I have tried my level best to provide a list of 20 best cryptocurrency portals (to my knowledge) which I feel are the best and well known among the users around the globe, but personal opinion of readers may vary and is simply a matter of great debate, argument and questions.