What is an exchange?
A bitcoin exchange is a venue to buy or sell bitcoins and altcoins, swap digital coins, or just like what some of them do, hold their digital currency for a short period of time. It’s main purpose is to trade bitcoins and altcoins for a profit. You buy low and sell high for a profit. Or sell high and buy low in case of shorting. Of course you can also buy high and sell higher or sell low and buy lower in an exchange for a profit. If you are into trading and are already familiar with stocks and forex trading, then you may also want to try cryptocurrency trading. The following list is the top and most popular exchanges as of this writing. They are sorted in no particular order.
For those who want to try trading in an exchange, I highly suggest you read and research more about technical analysis trading before you jump in. There are a lot tutorials now in the web. You can also try their simulations before you try it on real money. When you’re already familiar with technical analysis, you can already trade almost everything as long as the asset you want to trade in an exchange has historical price patterns. When you’re already confident that you can do it in real money, you can try it on the following cryptocurrency exchanges. For those who have been in technical analysis for quite some time now, I hope the list below can help to seek the most profitable exchange.
Consistently the first to bring new coins to Korea including Bitcoin, Ethereum, Litecoin, Monero, Zcash, Augur, and Dash. The vast majority of customer deposits are stored offline in cold wallets to prevent hacking.
IQ Option is one of the fastest growing online trading brands in the world. Voted the best mobile trading platform, They have now expanded their offerings to include stock trading, ETF trading, Forex trading and a brand-new product unique to IQ called Digital Options.
Coinbase is the world’s most popular way to buy and sell bitcoin, ethereum, and litecoin. It has GDAX, one of the leading platform for professional digital currency traders.
eToro is a social trading and Investing company that allows its users to watch the financial trading activity of other users, copy them, and to make their own trades.
Built and operated in the United States, Bittrex is the next generation crypto trading platform created by security professionals. They are crypto-coin enthusiasts bringing more than 50 years of combined security and development experience to the trading community from companies, including Microsoft, Amazon, Qualys, and BlackBerry.
CEX.IO is a perfect marketplace for buying Bitcoins in a few clicks. Simply create an account and deposit funds in USD, EUR, RUB, or in your local currency. After funds are successfully credited to your account, you can easily buy Bitcoins right away. Bitcoins then can be kept on your balance in a safe cryptocurrency cold storage, traded, or withdrawn to personal wallets at any moment.
Kraken is a US based prominent bitcoin exchange operating in Canada, the EU, Japan, and the US, and “the world’s largest bitcoin exchange in euro volume and liquidity”. It currently has oversight of Mt. Gox claims for lost bitcoins.
Bitfinex is a crypto-currency exchange trading and currency-storage platform based out of Hong Kong and owned and operated by iFinex Inc. Since 2014, it has been the largest Bitcoin exchange platform, with over 10% of the exchanges’ trading.
Changelly is a cryptocurrency exchange service between digital currencies. The service offers a wide range of digital currencies to buy and sell but does not provide conversion to or from traditional currencies.
Paxful is a Peer to Peer Bitcoin marketplace connecting buyers with sellers. Simply select your preferred payment method and type in how many bitcoins you need.
Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, bitcoin, litecoin, ethereum, or Ripple deposits and withdrawals.
Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative crypto currencies. Bisq is for those who do not want to forfeit control or privacy to a central authority in order to trade with other individuals. They regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions.
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. GDAX offers an intuitive interface with real time orderbooks, charting tools, trade history, and a simple order process so you can trade from day one.
Unlike other digital asset and bitcoin exchanges, you don’t need an account to use ShapeShift. This means your funds and information don’t suffer custodial risk. ShapeShift is a web and API platform formed in August of 2014 to provide instant Bitcoin and altcoin conversion with the maximum level of consumer protection and efficiency. The company has a strict “No Fiat” policy, meaning it does not use banks or political currencies anywhere in its operations.
Led by Changpeng Zhao, the team has experience in both wall-street and crypto finance. The team also has a track record of successful startups under its belt. It supports all devices and multiple languages, offering a seamless user experience.
Blockchain is the world’s leading software platform for digital assets. Offering the largest production blockchain platform in the world, it is using new technology to build a radically better financial system. Its software has powered over 100M transactions and empowered users in 140 countries across the globe to transact quickly and without costly intermediaries. It also offer tools for developers and real time transaction data for users to analyze the burgeoning digital economy.
Coinmama sells bitcoin out of its personal inventory. The transaction will always be between you and Coinmama. Coinmama sends bitcoins immediately after both the client’s payment and wallet address have been confirmed. You may experience delays outside of business hours (GMT +3) or in rare cases, regardless of the hours of operation.
BTCXIndia is India’s first crypto token exchange offering real time trading between crypto tokens and rupees.
Coincheck is a bitcoin wallet and exchange service headquartered in Tokyo, Japan, founded by Koichiro Wada and Yusuke Otsuka. At its bitcoin exchange, an auction market is adopted. An auction market is a market in which buyers enter competitive bids and sellers enter competitive offers at the same time. The price a bitcoin is traded represents the highest price that a buyer is willing to pay and the lowest price that a seller is willing to sell at. Matching bids and offers are then paired together, and the orders are executed. Also, bitcoin traders can buy bitcoins by depositing fiat currency to the designated bank account.
This exchange is operated by Bitcoin Co. Ltd., a Thai registered company since 2013. Fees are automatically deducted at the time the trade is executed. There are no fees charged at the time of created an order, and if you cancel the order no trade fees are charged at all.
Bitcoin.co.id is an online platform where you can buy and sell Bitcoin, Ethereum
and other Digital Assets in Indonesia. Your account is protected with Multifactor Authentication, combination of e-mail and SMS verification with Google Authenticator pin requirement. These layers of security will guarantee that every transaction is signed and validated by no one other than yourself.
At AnycoinDirect.eu you can buy and sell bitcoins and other cryptocurrencies easy, fast and secure. It aims to make the buying and selling process as fast and easy as possible for its clients, without compromising safety. The coins are sent as soon as the payment has been finalized. When selling cryptocurrencies, the money is transferred to the bank account number specified by you, typically within 12 hours (2 business days at most).
HitBTC is a Europe-based cryptocurrency exchange that launched in 2014. In early 2015, HitBTC was hacked at around the same time as BTER and Excoin. HitBTC did not disclose how many coins were stolen.
BitMEX offers a variety of contract types. All contracts are bought and paid out in Bitcoin. Only BitMEX has the “Perpetual P2P Swap”, a contract that trades like a future but never expires. Up to 100x leverage. Trading without expiry dates. Industry-leading security.
On Indacoin you can buy 100 different cryptocurrencies instantly with a credit or debit card. Powerful analytic tools let you capture the best momentum for entries and exits.
GateHub is a UK based company founded in 2014. GateHub is building a global consumer financial network based on Ripple (scalable to other protocols) and will provide a robust platform for smart contracts and other applications coming in the next wave of Fintech development.
Bitsane is a full-featured spot trading exchange for the most popular crypto currencies such as Bitcoin, Litecoin, Ethereum, Iconomi and others. To get started, you’ll need to register your own free account. Second, you’ll need to make a deposit, either crypto currency or conventional money.
At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.