You should consider a number of things when determining the
best Bitcoin/cryptocurrency exchange for you:
How safe is the website and server? Secure exchanges are better.
How is the liquidity? The higher the exchange’s volume, the better.
What are the exchanges fees? The lower the better.
How is the exchanges customer support?
What trading pairs are available?
How many different payment options does it have?
Is the exchange beginner friendly?
Here’s some information on some of the most popular fiat cryptocurrency exchanges.
Binance is one of the newer exchanges but has impressed its customers on several occasions. They have some of the highest trading volumes on several of their trading pairs, and an enormous amount of coins available for purchase.
It is based in Hong Kong, with offices located in several other countries such as Japan and China. It is available to all countries and US states.
Recently, Binance has introduced SAFU (Secure Asset Fund for Users), that takes 10% of all trading fees the exchanges earns, to give back to the users in the event of a hack.
Kucoin is also a relatively new cryptocurrency exchange based in Korea, that has a wide variety of cryptocurrencies for sale. It has its own token similar to Binance known as Kucoin shares, that award its holders a percentage of the exchanges total trading fees. Kucoin’s trading fee is .1%.
Kucoin holds contests and other promotions similar to Binance making it a great exchange to have an account on. Kucoin is an interesting exchange as many of the altcoins listed on the exchange are exclusive or on a small amount of exchanges.
Bittrex is a Seattle, U.S. based and regulated exchange. It offers several trading pairs and supports more than 190 cryptocurrencies. It offers speedy transactions, high stability, and follows some risk management practices. Bittrex’s fees are .25%, which are somewhat high compared to their competition. Bittrex’s customer support is pretty good and uses Slack, Twitter and Email.
Cryptopia is a New Zealand based exchange that has an enormous amount of cryptocurrencies available. It features Bitcoin, Litecoin, and Tether trading pairs. Cryptopia’s serves all countries and has trading fees of .2%.
In addition to their cryptocurrency trading pairs, Cryptopia offers a marketplace where nearly any item or service can be purchased with cryptocurrency.
Poloniex is a U.S. based exchange available in all countries and states. It was recently purchased by Circle and has a great selection of cryptocurrencies. Poloniex has .15% fees for makers and .25% fees for takers.
Poloniex has lost a lot of their volume as competitors have been able to add more coins and features to their exchange.
HitBTC has been around since 2013 and has a solid track record of offering a large variety of trading pairs, and solid uptime. HitBTC is a great place for traders looking to execute more complex stop orders and their core matching engine is among the most advanced technological products in its class; it implements innovative features such as real-time clearing, advanced order matching algorithms and has been acclaimed for its fault-tolerance, uptime and high availability. The exchange also offers a real-time system health indicator, which provides real-time information about availability and performance, as well as incoming and outgoing transaction status. HitBTC is a great place to take your trading to the next level.
Gemini Exchange is an exchange based in New York, US. It only trades three currencies: US dollars, Bitcoin and Ethereum. It has low fees of 1%. It offers high security and compliance, top of the line cold storage system that stores information offline, access controls, and multi-factor authentication.
Gemini recently added support for more cryptocurrencies such as Zcash. This was a huge addition as Zcash is a privacy-focused currency and very few exchanges allow direct purchases of privacy cryptocurrency.