Each user has unique needs, so there is no one size fits all for exchanges.

Our Bitcoin and cryptocurrency exchange reviews detail each exchanges supported countries, payment methods accepted, fees, privacy, limits, liquidity, reputation, speed (delivery of bitcoin), customer support, and any past issues.

Your bitcoins should not be stored on ANY exchange! If you want a secure Bitcoin wallet you will need to use ahardware walletlike theLedger Nano X.

Coinbase is the worlds largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins, ethereum, litecoin and many other coins. Coinbase supports customers in over 30 countries, including the United States, Europe (besides Germany), UK, Singapore, Canada, and Australia.

Customers in the above-mentioned countries can purchase cryptocurrency bydebit card, bank transfer, SEPA transfer, and more.

Get $10 or €10 worth of free cryptocurrency when you buy more than $100 or €100 worth throughthis link.

We may receive compensation when you useCoinbase. Please visitCoinbasefor its exact pricing terms.

Coinmama allows customers in almost every country to buy bitcoins, litecoins, ethereum and many other coins with a credit or debit card. They charge an ~6% fee on each purchase.

Customers in Europe can also purchase cryptocurrency with SEPA transfer for a lower fee.

Want to buy using Coinmama?This step-by-step guide will show youhow to use Coinmama.

We may receive compensation when you useCoinmama. Please visitCoinmamafor its exact pricing terms.

Luno is a Bitcoin and ethereum exchange based in Singapore. It originally launched to support countries like South Africa and Indonesia, but recently expanded to Europe and supports the purchase of bitcoin and ether through credit, SEPA transfer, SOFORT and iDEAL.

We may receive compensation when you useLuno. Please visitLunofor its exact pricing terms.

Trusted exchange that has been around for a long time

Users should not store bitcoins in Lunos wallet service

5 Best Pure Cryptocurrency & Altcoin Exchanges

These are exchanges that require you to deposit cryptocurrency tostart trading. Usually, this means depositing bitcoin (BTC) or ether (ETH).

Here is a quick comparison before we go into more detail on each exchange:

Binanceis a cryptocurrency exchange based in Malta. It has very low fees at just 0.05% per trade.

It supports lots of coins and has its site available in multiple languages, such as Chinese, English, Korean, Spanish, Japanese, Russian and French.

Once you purchase Litecoin, Bitcoin or Ethereum you can use Binance to convert one of those three coins into nearly any altcoin.

This means its very easy to go in and out of coins at a good price. Most coins have deep markets, making Binance ideal for both big and small buyers and traders.

Binance has, by far, the best cryptocurrency exchange app. Binances app is available for both iOS and Android. Its very easy to use and my be one of the most well designed applications Ive ever seen.

Here is what the Binance mobile app looks like:

The Binance apps are available for free. Youll want tocreate an accountbefore you download the apps in either theGoogle Play Storeand iOS app store.

Changellyis a unique exchange in that you dont actually need to deposit coins.

You simply tell Changelly which coin you want to buy, and how much of it you want to buy. Changelly will then tell you how much of the coin you are buying with to send.

The whole process is very fast and convenient. If the crypto markets are moving fast,Changellyis a super fast way to exchange since you do not need to wait for your deposit to clear. You can lock in your rate and simply wait for your exchange to go through.

Bittrexis one of the worlds largest 10 cryptocurrency exchanges. It supports a bunch of coins that other exchanges support. It generally has good volume across all its pairs, making it ideal for both large and small buyers and sellers.

Bittrex recently launched a new interface, after nearly three years using the same design.

Poloniexused to be the largest cryptocurrency exchange, but lost a lot of users when it had trouble scaling to support a surge of new signups.

Recently, Poloniexwas acquired by Circle. Circle is partlybacked by Goldman Sachs, one of the largest investment banks in the United States.

The likely path for Poloniex is that is becomes a cutting edge exchange as money from Goldman Sachs and Circle start going towards improving the exchange.

Cryptopiais a cryptocurrency exchange based in New Zealand. It is much smaller than the exchanges listed above, but is targeted at a different type of user.

Cryptopia has a lot of small and obscure coins listed on its exchange. Most of the coins on Cryptopia are only listed on Cryptopia and arent listed on the largest exchanges likeBinanceor Bittrex.

The main thing to know when youre trading cryptocurrency is:

Do NOT get comfortable leaving your cryptocurrency on an exchange. Ideally you should deposit on an exchange, make your trade, and then withdrawal the coins.

If you cant do that, at least assume that there is a good chance your account will get hacked.

A cryptocurrency exchanged calledCoincheck was hacked for $500 millionas recently as January 2018.

Your best option is to store your coins on a hardware wallet like theLedger Nano X. The Nano X supports the most coins out of any of the other hardware wallets.

If you cant buy a Nano S, Exodus wallet is a solid desktop wallet that supports a lot of coins. The main issue withExodusis that it is not open source.

The best fiat cryptocurrency exchange for beginners is probablyCoinbase. I say this for a few reasons:

It has the best user interface and is very easy to use

The verification process is fast you can buy almost instantly

It has excellent mobile apps for iPhone and Android

The best pure cryptocurrency exchange for beginners is probably Binance. The main reasons are:

Binances mobile apps make it easy to use for beginners

Binances web interface is quite simple to use as well

You can start trading instantly on Binance with just an email address

Binance is the worlds largest exchange according toCoinMarketCap

If youre still unsure, this video goes deep into which exchange might be best for you:

There are two types of cryptocurrency exchanges:

Fiat exchanges allow you to buy cryptocurrency with fiat money (dollars, euros, pounds, etc.).

With so many exchange options, its super confusing to start. Were here to help!

A fiat exchange lets you use traditional payment methods to buy cryptocurrency, like:

Fiat exchanges are how most people make their entry into cryptocurrency exchanges. If youre new youll definitely need to use a fiat exchange, so keep following along.

The second type of exchange is called a pure cryptocurrency exchange or altcoin exchange. These exchanges dont deal with traditional payment methods like credit cards and banks.

Instead, altcoin exchanges require that you deposit cryptocurrency FIRST and then you can trade the cryptocurrency you deposited for other coins and altcoins (any coin other than bitcoin).

So, to explain the difference and why you need both, lets look at a coin called Ripple (XRP).

Ripple is currently the third largest cryptocurrency by market cap.

Most Americans use a platform calledCoinbaseto buy cryptocurrency, but Coinbase doesnt sell Ripple.

You must first use Coinbase–your fiat exchange–to buy bitcoin with your bank or credit card. Once youve purchased bitcoin, you need to send to apure cryptocurrency exchange, likeBinance.

We hope that clears things up, and now we can start digging in to some exchanges.

I realize Ive mentionedBinancea bunch already, but its also likely the best exchange for day trading for a few reasons.

Day traders make a lot of trades, and Binance has the lowest fees among all exchanges (like Bittrex, Poloniex, etc.).

Binance has the most liquidity of any exchange. You can get in and out of coins fast at good prices.

Among pure crypto exchanges,Binancehas the lowest fees.

For exchanges that deal with credit cards and bank transfers, Coinbase (broker), GDAX (exchange) and Bitpanda (broker) have the lowest fees.

How much personal information does the exchange require? Do you need to upload a picture of your ID?

How much can you buy? If you plan on buying a large amount, does the exchange support this much in exchange?

There are also sometimes withdrawal limits on exchanges that limit how much you can withdraw at once. This can be annoying since if you deal with large amounts you will have to withdraw small amounts over a few days.

OTC markets are available for buying large amounts of Bitcoin, but these markets are yet to appear for other coins for now.

How much does the exchange charge for converting your money? And how does this fee compare to other similar exchanges?

The average fee for credit card buys are about 4%. Bank transfer buying fees are usually 1-1.5%. Compare the rates of any exchange to other similar exchanges.

Cash fees are usually 1%, although there is often a 5-10% premium. This is especially true at ATMs, where there is always a premium.

How fast will your coins be delivered? Note that most problems with speed are due to the legacy banking system and not with cryptocurrency.

Credit card buys are often instant. Bank transfer buys can take days to clear. Cash buys are instant but you have to physically move and cant do it online.

How long has the exchange been around? Is it regulated? Many exchanges have been scams in the past, so research any exchange before you deposit money with them.

Robinhood was a popular stock trading app that recently launched cryptocurrency trading. However, the app only supportsfour statesas of now:

Users can buy bitcoin, ripple and ether, with more coins to be added soon. The app is available onAndroidandiOS.

Coinbaseis probably the easiest way to buy cryptocurrency with USD. Americans can easily buy crypto with a credit card, debit card or bank transfer (ACH).

Americans can also wire Coinbase USD if they want to buy larger amounts.

We have a detailed guide onhow to buy Ripplecryptocurrency. There are many different ways to buy, but in most cases you need to buy bitcoins or ether and then convert it into XRP.

There are some excellent apps in the iOS and Android stores that allow you to easily buy crypto.

Coinbaseis very popular and at one point was thetop free app in the Apple app store.

TheCash Appis an easy way to buy bitcoin which can then be converted into other coins using an app like theBinance trading app.

There is no easy way to buy cryptocurrency with PayPal. You willfirst have to buy bitcoin with PayPaland then you can use the bitcoins to trade for other coins on a crypto-to-crypto exchange.

CoinMarketCapis the most popular way to check cryptocurrency exchange rates.

If you want to see charts,CryptoWatchhas an excellent and easy to use interface for checking prices and charting.

The main difference in the crypto exchanges is that some require you to deposit money, while some instant exchange your money.

If you have to make a deposit, then you are at much bigger risk of losing money than if you use something like Changelly where there is only a small window of time before your exchange goes through.

The main benefit to using an exchange like Changelly is that if the exchange scammed someone, it would be announced soon and all deposits would stop going into Changelly.

With deposit exchanges, they have lots of customer funds stored and can exit scam at almost any time. We are not saying that all deposit exchanges are scams, but simply that there is more risk when you use this type of exchange.

Check if theexchange is regulated. If it has a history of hacks, be careful!

Check if the exchange has good customer support and is responsive to support requests. Most exchanges that have good support will respond to you in less than 24 hours. Especially with prices down, support times should be FAST!

Check if the exchange has been around for a good amount of time and has built a solid reputation. BTC-e is one of the oldest exchanges. Its owner are anonymous, but it is one of the most trusted exchanges because it has good support, has never been hacked, and has never run away with customer money. That could change at anytime, obviously.

As mentioned earlier,NEVER STORE YOUR COINS ON AN EXCHANGE!If you do not have the private keys to your coins, they are not yours. Simple as that.

Make sure you get a secure crypto wallet and use that to store your coins. Hardware wallets cost money but if you are serious about secure storage of your coins they are simply a must have. We hate to see people lose money in crypto! Take responsibility.

While we dont have a dedicated page for every exchange, the section below will give you more details on other popular exchanges

Geminiis a Bitcoin exchange run by theWinklevoss twins.

Its a licensed Bitcoin exchange and operates in 42 US states and many other countries (checkhere for full listof supported districts):

Once you create an account on the exchange you will need to setup 2-factor authentication, verify your bank account, and verify your identity. Once you do all of that you can get started with the exchange.

Geminis interface can be confusing for first time buyers, which is why we usually recommendCoinbaseto new buyers. Have a look at the trading interface below:

If you can get past understanding how to use Gemini it is a unique exchange. Some of its great features include:

At most exchanges, when youdeposit via bank transferyou have to wait 1-7 days for the bank transfer to complete. Gemini understands this is frustrating and time consuming.

Luckily for US users, you can make instant ACH deposits to Gemini. This means you can buy bitcoins super fast. You will have the bitcoins you bought locked into your account until your ACH deposit clears, but at least this way you were able to buy bitcoin fast and lock in the price you wanted!

Krakenis a global Bitcoin exchange and supports European residents along with residents of theUnited StatesCanada, andJapan.

Kraken offers excellent liquidity as its average daily volume is around 10-12 million euros. So if you want tobuy large amounts of bitcoins, Kraken is a good option.

Like all regulated exchanges, you will have to verify your identity and personal details before buying.

Here are Krakens limits based on your verification level:

So in order to deposit money and buy bitcoins, you will need to verify your:

There are further verification levels, but most people will only need Tier 2 to buy bitcoins.

Like other exchanges geared towards traders, its interface can be quite confusing. Kraken, however, has aimed to make things easier for first-time buyers and its Simple order form is pretty easy to use:

Krakens feesare quite confusing. So to keep it simple we will summarize:

If you are buying less than $50,000 of bitcoins per month expect to pay between 0.16-0.26% in fees per buy.

If you use the Simple order form is displayed above you will pay 0.26%. If you want to learn how to use Krakens advanced order types you can pay just 0.16% if you become a market maker.

Bitstampis one of the longer running Bitcoin exchanges. It has been around since 2011 and is a licensed exchange with the Luxembourgs Ministry of Finance

It is a good option for traders and those buying large amounts of bitcoins.

Bitstamp requires extensive verification including the following information:

Because Bitstamp is geared towards traders, it also hasconfusing feesif you use the exchange. The fees you pay depend on your total volume. Unless you trade high volumes, you will likely pay 0.25% per buy.

If you buy bitcoins on Bitstamp with your credit card then the fees will be 8% for purchases up to $500 or €500. There are other exchanges that offer lower fees forbuying bitcoins with a credit card or debit card.

Bitfinexis a popular exchange because in terms of USD trading volume it has the most liquidity. It currently owns about a 10% share of the USD trading market.

Because of its confusing interface, its probably only a good choice for traders who really know what they are doing. Here is what the main trading interface looks like:

Despite getting hacked and losing $70 million or more in customer funds, Bitfinex remains a popular option for serious traders. Still,the hack is scaringsomepeople away.

In the chart below, the orange portion of the bars represent Bitfinexs share of USD volume:

One thing that has made Bitfinex popular is that if you only make a deposit with cryptocurrencyno verification is required. If you want to deposit dollars or euro then you WILL have to verify your ID.

Bitfinex offers very low fees even for low volume buyers, at 0.1% per buy for market makers and 0.2% per buy for market takers.

Wall of Coins helps its customers buy and sell bitcoins for cash.

Its unique SMS system walks you through the entire process of buying, making it a good choice for first time buyers who want to purchase bitcoins with cash.

Sellers are free to accept any payment method through Wall of Coins. Buyers will have to check the orderbook to see what payment methods are available. The most common payment method is cash deposit.

A cash deposit is when the buyer of bitcoins goes to a physical bank branch and deposits cash into the account of the Bitcoin seller

Cash is the most popular payment method on Wall of Coins. This table compares it so some other cash exchanges.

There are no official buying limits on wall of coins. The maximum amount you can buy is determined by the available offers by sellers.

A phone number is the only personal information required to buy bitcoins on Wall of Coins.

Wall of Coins will ask you for location, but only to find bank branches near you. If you choose you can just enter your zip code manually.

Purchases made with cash deposit will in most cases have bitcoins delivered in under an hour.

Coins are generally delivered within 15 minutes after confirmation of payment by buyer

Speed of delivery is entirely dependent on seller confirming payment, so at times it can take a while (although it is generally within 15 minutes)

reputation and regulation: Can You Trust Wall of Coins?

Wall of Coins owners are public andcontact information is availableon the exchanges website.

Wall of Coins offers live support on its website. A toll free number is available for support via phone: (866 841 COIN).

Youll also receive directions on how to buy bitcoins via SMS after signing up.

Traders can funds accounts via wire transfer. itBit charges no deposit fees. Fees charged by your bank may apply.

itBit supports customers around the globe in most countries. Texas is the only U.S. state not supported.

itBit provides two services: a global Bitcoin exchange and an OTC trading desk. Neither service limits the amount of bitcoins that can be traded assuming proper verification has been submitted.

itBits OTC trading desk trades between 15,000 – 25,000 XBT per month. The average OTC trade size is around ~350 bitcoins and made at or below spot price.

More information on itBits OTC tradingcan be found here.

U.S. residents can complete identity verification using itBits Knowledge Based Authentication, which does not require ID scans.

Users outside the United States must provide ID scans and proof of residence documents.

International accounts may take 1-3 days to become verified. US customers may be able to verify faster using itBits knowledge-based authentication system.

Deposits made via wire transfer can take anywhere from 1-3 days to arrive depending on your bank.

Purchases can be made instantly once an account has been verified and successfully funded.

itBit was the first Bitcoin exchange toreceive a charterfrom the New York State Department of Financial Services. The charter gives it the ability to operate legally in all 50 U.S. states. As a licensed exchange, itBit is audited regularly and follows all consumer protection laws.

itBit charges just a 0.2% taker fee on its global exchange.

A flat 0.1% fee is charged on the OTC trading desk, but trades are often executed at or below spot price.

itBit offers global phone support 24 hours a day, Monday through Friday. Its US office can be reached at (855)-997-2994.

Support is also available through email at[emailprotected]or via Whatsapp at (+65) 8428 3877.

The following section reviews and shows you how to use the top three Indian Bitcoin exchanges.

Firstly you need to login to then you need to enter the existing email id and password of your choice followed by clicking on the SIGN UP option to create an account.

After clicking on the SIGN UP option, you get this dialogue box stating that the Registration Process is in progress after which unocoin will send you an activation link on your registered email id. You have to login to your email id and click on the link to activate the account.

After clicking on the link, a new tab will open up in which the terms of use will be written, you need to read it carefully and click on I Accept after which a pop up will appear stating that the Registration has been completed successfully.

Now you need to login with your email id and password used at the time of sign up.

After Logging in you will see this page, if you look at it carefully you will observe that in the status bar it shows that your account is unverified. In order to verify your account, you need to upload your id proof and bank account details, so now you will click on EDIT PROFILE

After clicking on the Edit Profile option, a new page will open up in which you have to enter all your details such as Name on account, Account Number, IFSC code, Mobile Number, Full Address as mentioned on your ID proof, State, City, Pin Code etc. After filling in all your details, click next.

Following are the Guidelines for Document which you have to upload after clicking next.

Here you need to upload the document for verification and then click next

After clicking on next, you will be shown your profile information, you need to check the details and click on Save Document button present at the bottom right corner.

After that you will be redirected to the same page where you had to enter all your details as unocoin needs time to verify your details and document and to make your status verified. So now you need to wait for the intimation or status to change from unverified to verified to buy and sell bitcoin.

For buying bitcoin, firstly user needs to deposit money into unocoin wallet and for doing so we need to Make NEFT/IMPS/RTGS in there respected bank account. Minimum amount to deposit is 1000 INR which is approximately $15.

To do any of these bank transfers user needs to have his/her bank account linked with a Cell phone, as prior to initiating the transfer bank will send OTP (One Time Password) which is required to be entered for the transaction to go through. To maintain security this OTP is valid only for a few minutes and if transaction does not go through in stipulated time, there will be a timeout and user will have to generate a new OTP to initiate the transfer.

You will get the bank information at this stage where you cansend your bank wire/deposit.

After the money is deposited in their account user must contact their customer service number and provide details of the transaction and then money is added to your wallet on their website. Once that is done then user can start process of buying and selling bitcoins.

Firstly you need to open you will get this page and if you see there is a SIGN UP option on the bottom left side, you have to click on it.

After Clicking on the Sign Up option you will get a form in which you need to enter your new username, new password, repeat password, existing email id and tick mark on accept terms and then click on arrow sign in orange color to proceed further

As soon as you click on the arrow sign in orange circle you will get 2 pop-up on the same page one saying to SIGN UP and the second saying to click on the link send to your email account to verify your email id for signup.

Now you need to open you email account and click on the link you received, a new tab will open up and show you an option to sign in with your user id and password used at the time of sign up. As soon as you enter the username and password and click login, you will see this type of dashboard in front of your screen. Here you have to complete your KYC (Know Your Customer) and Bank information to start buying and selling Bitcoin. Now you will see the following line Would you like to complete your KYC & Bank Link? , below it click on the start button to proceed.

After clicking on the start button, a new screen will appear in which you will be asked to enter your Full Name, Nick Name, Account Number, IFSC code & Phone Number. After entering all thedetails you need to click on SEND NEW SMS CODE.

After clicking SEND NEW SMS CODE button you will receive an OTP (One Time Password) on your registered mobile number mentioned in the above details. You need to enter OTP and click on SUBMIT.

After clicking on Submit, a Welcome page will open up and on the right side a dialogue box will appear stating success and below which it will be mentioned that we will mail you with the status as soon as we complete the verification.

Now you need to go to your dashboard, here you will see that you have received a message stating that your data has been uploaded for verification and below that with a star mark it is written This can take upto 48 hours to complete .

After your verification is completed, on your dashboard you will see 2 dialogue box one to buy bitcoin and another for selling bitcoin at the current rate. Here you need to enter the quantity in any of the box depending whether you want to buy or sell and then click buy or sell.

User needs to deposit INR into any of their bank accounts mentioned below through bank transfers like: RTGS (Real Time Gross Settlement) /IMPS (Intermediary Payment System) / NEFT (National Electronic Fund Transfer)

To do any of these bank transfers user needs to have his/her bank account linked with a Cell phone, as prior to initiating the transfer bank will send OTP (One Time Password) which is required to be entered for the transaction to go through. To maintain security this OTP is valid only for a few minutes and if transaction does not go through in stipulated time, there will be a timeout and user will have to generate a new OTP to initiate the transfer.

You will receive Coinsecures bank information at this stage. You can send your deposit via NEFT / RTGS / IMPS.

User receives a Transaction ID after deposit INR via NEFT / RTGS / IMPS. User will have to fill the details (like Transacton ID and Amount Deposited) into his Coinsecure account by going through the following:

Bank Fiat Currency Balance Deposit. (This is a one-time proc