|Exchange||Fees on traded volume monthly||Robots||Coins||Based In|
Led by Changpeng Zhao, the team is experienced in both wall-street and crypto finance. With a track record of successful startups under they’re names. With proven products, Binance platform exists on 30 plus exchanges and supports all devices and multiple languages.
Binance is a pure cryptocurrency exchange and does not support trading in fiat, the only way to deposit funds is by using cryptocurrency wallet. That aside, Binance exchange is the biggest on the market and can facilitate the trade of 100 plus coins. Deposits of any of the listed coins under Binance are accepted as well as withdrawals of the same coin with no deposit fee and a trading fee of only 0.1%.
Users may refer to the FAQ and find most of the questions answered from deposit issues to developing suggestions. If you can’t find your answer, then you can issue a ticket witch takes from 4 to 70 hours depending on the gravity of your problem.
With the understanding of the last hacks attempts the team implemented protocols that stops all suspicious activities. Any types of phishing emails/URL spoof, telegram/twitter scams and anti-virus & Trojan security tips.
Dedicated platform for beginners and experience traders that can switch the view from Advance to Beginners. Probably the best Academy where community can request or submit content with a vast glossary. Exciting news for bounty hunters, Binance constantly updates bounty hunts and airdrops giving BNB coins for completing certain tasks. The most exciting fact of using Binance is the in-house coin BNB that dramatically reduce trading fees when you exchange other coins to BNB. The good part is that you can engage with the team on social media from Telegram, Facebook, Twitter, Reddit and Weibo to Steemit, Instagram and Medium. From personal experience I recommend Binance for both experience and newbies and rank it to 4 stars and a half the reason not allowing credit cards or bank transfers.
From the statement of believing bitcoin is here to stay, their goal is to provide reliable easy to use service for companies and individuals to exchange coins.
Professional team of relatively young individuals from CEO to Compliance Officers made it easy for retail traders to exchange coins.
Bitstamp started to operate since 2011 in a garage with only two laptops, one server and €1000 becoming over time one of the most trusted and oldest cryptocurrency exchange platforms.
This exchange can facilitate bitcoin, altcoins and fiat currencies to be traded by experienced and newbies alike.
Bitstamp strives to offer a low-fee orientated experience in exchanging large amounts of cryptocurrencies.
The exchange works with both US dollars and euros for fiat currency option, having European bank accounts will be most beneficial since you can avoid credit card fees by using bank transfers.
Regarding cryptocurrencies, there is not much of variety dealing only on majors: bitcoin-BTC, ethereum-ETH, Litecoin-LTC and ripple-XRP.
From a customer support point of view, Bitstamp widely engage with the audience regarding both bad and good experiences. Contacting Bitstamp can be done via email and the response time is within 24 to 70 hours depending on urgency of the matter.
In terms of security Bitstamp have a top-tier procedure, since the hacks happened in 2014-2015 they have stopped trades on many occasions and learned from the attacks and improve security protocols.
My personal experience with Bitstamp its above average rating it 4 stars the reason behind is the lack of altcoins. Trading wise, the platform UI is very simple to use and I enjoy carrying out trades with no delay. Another aspect that made it easier for me and other users, is the ability of having your wallet within your account. Experienced traders or crypto enthusiast, if you’re looking for an easier exchange platform give start with Bitstamp and have a 2-in-1account.
Based in US and launched in 2014 Poloniex was recently obtained by Circle, a Goldman-Sachs backed company. Having Circle at helm, Poloniex can be the first regulated exchange by registering with SEC and FINRA as broker/dealer. Consistency is one of Poloniex policies having top trading volumes for altcoins and a big number of trading pairs.
Not existing at present since Poloniex is a pure cryptocurrency exchange having 90 plus altcoins to choose from. Considering you want to convert your coins onto fiat currency the best way to do it with Tether USDT (1 USDT should always be 1USD). Having such feature traders with volatility fears within cryptocurrency market can rest easy.
Similar to other exchanges Poloniex reputation of engaging with users is poor and reports from users had to wait 90 days to have their issues resolved. FAQ can provide most of answers with specific sections, if it sounds like a cheap excuse it is actually not. Some users fail to differentiate between technical problem and asking a question. This sort of user behavior can be found everywhere but this is how reputation of companies sink. The response time for an user with technical problems can be delayed because of that.
Poloniex is one of the few exchanges that keep customers’ deposits in cold storages offline, preventing hackers to access them. This exchange in particular have auditing programs that monitor and block unwanted activities before they create problems. After the only minor security breach in 2014 no other incidents have been reported.
Trading fees amazingly averaged and the best feature yet is margin trading that I personally enjoy. You can borrow funds and start margin trade, with the peer-to-peer functionality of borrowing. In the same time have the ability to engage with other traders via the lending feature and secure trading funds. Having in mind SEC and Poloniex being owned and operated by Circle my ranking is 4 starts and a half because of 3 downside factors: not for beginners, no mobile app and no fiat payment options.
Here it is folks the first exchange announcing a new partnership with NASDAQ, operating as a peer-to-peer exchange platform. The team behind it has a proven track record and years of experience creating excitement for its audience. Looking into how a regulated crypto trading platform works it is safe to assume that the exchange platform is fully integrate with NASDAQ. Designed by experienced team with unique features and user-friendly, the trading platform provides an amazing experience for users.
The funds and payouts can be transferred to credit cards Visa/Master/Maestro with original credit transaction or wire transfer to your bank.
Before the actual launch, the only way to get in contact is via email, hopefully that will change in the near future. FAQ is absent for now since the actual usage of the platform is not public. Looks like the response is surprisingly fast using the Contact Us tab, I got a replay after 3 hours.
Certainty security will be in place since they will partner with NASDAQ, but for now not many details can be found. I’m interested to see what kind of algorithms they will use to protect users from potential hack attacks.
Looking at the video the exchange platform looks well designed and easy to use with claims of a large coin portfolio. I believe they have a huge advantage towards their competitors with key futures such as connectivity to financial news networks. That itself for me is a major improvement especially when using smartphones, no more Alt + Tab form me. Based on the actual functionality of the platform and missing FAQ along with other aspects. The rating and complete review of the exchange will be changed after launch. I personally can’t wait to use the platform.
Changelly operates since 2015 and attracted over two million users, processing more than 15 thousand weekly transactions. Partnering up with Coinmarketcap, Jaxx, Coinomi and many other well-known companies makes it one of the top tier exchanges.
Purchasing cryptocurrencies on Changelly can be done with credit cards from any countries in any currency, however the transaction will be in USD or EUR. Users can’t sell their cryptocurrencies for fiat currencies but purchase other cryptocurrencies. Limitation to deposits and withdraws is what you would expect from any exchange. That said, Changelly provides a big variety of deposits and withdraws options for converting cryptocurrencies having 90 available coins.
With clear instructions on their website on how to use the services provided by Changelly, support is done by email or FAQ. Response time via emails is rather fast from 4 to 48 hours with reports from users waiting up to 72 hours.
Dealing with cryptocurrency exchanges you expect topnotch security and Changelly is no different from its competitors. Using algorithms and firewall protocols to ensure users security the exchange is backed by the same team behind MinerGate. That proves security is in place since mining platforms and crypto wallets are hackers’ main targets.
Besides being a safe and secure cryptocurrency exchange the use of the interface is easy and intuitive. New and old users are impressed with the limits and liquidity and acceptance in every country. Having competitive fees and excellent exchange platform, users that hate the hassle of signing up Changelly can be for you. What I personally like about Changelly are the rates when buying crypto. Because cryptocurrencies are highly volatile the rates are not fixed and they always achieve the lowest possible bit. The reason Changelly gets 4 and a half stars and not 5 from me is simply because they have higher rates sometimes compared to other exchanges.
Coinmama provides fast and safe financial services when it comes down to purchase digital currencies. They believe in a future where there’s no third parties, fine prints or hidden fees. Operational since 2013 they managed to build a name recognized worldwide and baked by costumer service you can always count on.
At present the display prices are in EUR and USD more to be added in the future. Coinmama differentiate from other exchanges from the fastest and easiest way to purchase cryptocurrencies using credit or debit cards. In terms of other payments such as wire or SEPA are non-existent and with a portfolio of 8 coins. That said Coinmama operates in 188 countries and managed to build a reputation trusted by over one million people.
The exchange is customer support orientated and the average response time is 3 hours. That alone differentiate Coinmama from its competitors, making the exchange one of the best in customer service. Not only that but they have a massive knowledge base and support is done by email or occasionally on chat.
Their cryptocurrency ecosystem had yet to experience any security breaches in comparison to its competitors. Coinmama is registered with FINCEN is the US as money service business, they do not hold any users’ cryptocurrency. With a strong reputation within the cryptocurrency community the exchange is considered honest, safe and trustworthy broker. Another advantage in security terms is that the exchange is forcing the users to set up a secure digital wallet.
Coinmama does not provide a platform for trading in cryptocurrencies nor does it allow users to sell cryptocurrency. Instead, all purchases of cryptocurrency by customers are transferred directly from the company’s own holdings, making transactions more secure than some of its competitors. With no mobile app and a platform that limits users only to Buy Orders, I rate the exchange to 4 stars.
The home of cryptocurrencies Bitpanda operates since 2014 and it is recognizing as a fintech company. Specialized in buying and selling bitcoin and other cryptocurrencies, it has quickly grown to become Europe’s leading retail broker dealing crypto. With more than 90900.000 users, 24 different nationalities and 80 plus members. Their goal is to make selling and buying bitcoin as fast, easy and secure as possible.
With a wide selection of payments methods, Bitpanda facilitates purchase of bitcoin from credit/debit cards to SEPA transfers and OBT. With amazing low fees for purchasing bitcoins in Europe the exchange based in Austria, can be what you’re looking for. It has a portfolio of 17 cryptocurrencies and competes with other major exchanges for the simple fact that is the fastest.
In addition to worldwide selling, Bitpanda offers the same convenient user experience for buying cryptocurrencies in a wide range of European countries. Buying is currently available for European users within the Single Euro Payments Area (SEPA), consisting of the majority of EU member states as well as Iceland, Liechtenstein, Norway, Switzerland and Monaco. Please note that the verification may not work for users from individual EU countries temporarily.
Asking for help at Bitpanda is a whole different level compared to other exchanges, they respond quickly. Massive knowledge base with specific topic areas, its making much easier for both users and staff to identify issues. They offer a Helpdesk and Telegram group.
Using cold storage is a way of keeping hackers at bay, but users need to play their part as well. It is not the responsibility of the exchange if users’ login from unsecure devices leaving their accounts vulnerable to attacks.
If users are careless Bitpanda thought of that and they allow only one session at a time with Session Management. DDOS & SSL are another security protocols used to ensure users security along with many other options.
Very easy to use exchange platform with a building dashboard perfect for beginners offering bonuses and promotions. The Euro wallet can be used for deposits and withdraws and buying or selling cryptocurrencies with details of all transactions.
On top that the best feature yet I experienced is the use of helpdesk, enhancing a smooth customer support experience.
Established since 2013 as the first cloud mining provider, CEX.IO has transformed in to a multi-purpose cryptocurrency exchange. They have won trust by well over a million users with offers like cross-platform trading and many other features. Each customer benefits of a multilevel account system from bitcoin beginners to professional traders.
Multiple payment options are what every user wants and CEX.IO have tons of them, depending on the account from credit cards visa/master to SEPA. They support deposits/withdraws from 4 fiat currencies and 8 cryptocurrencies. From my point of you this is a well-balanced exchange making it very easy to go from fiat to crypto and vice versa.
Besides the usual FAQ and submit request constantly service updates are made public on the website. That reduce dramatically the amount of support requests made by users when they can see bugs and issues fixes. If that’s not amazing enough perhaps the welcoming and active community can answer your question.
Level 2 compliant with PCI DSS that’s a huge plus for CEX.IO compared with other major exchanges. Technical and organizational security measures with protocols, firewalls and latest block chain security measures. I want to emphasize on organizational security, that’s amazing not seen before in cryptocurrencies exchanges. In few lines only compliant personnel will handle your KYC reducing privacy violations close to nothing.
Amazing features for CEX.IO exchange platform with types of trading, limit, market and my favorite margin trading. Provides services in 99% countries around the globe including 24 states in USA. Legal and compliant registered in UK, MSB status FinCEN, essential licenses and strong relations with banks. Competitive commissions and special conditions for high volume trades I truly believe CEX.IO deserves 5 starts out of 5 from my review. Please don’t take it as a work check it out for yourselves and enjoy a smooth trading experience.
Founded in 2014, BitMEX is a well known trading platform operating in Hong Kong. With trading volumes well over 35k BTC and 540k monthly logins they achieved a track record of over $34 billion worth of bitcoin.
BitMEX accepts deposits only in bitcoin with the ability of purchasing a variety of other cryptocurrencies. BitMEX facilitates trades of different cryptocurrencies, such as “Bitcoin, Litecoin, Ethereum and 7 others.
With a platform operating around the clock, support is present on multiple channels, including email, ticket systems and social media. Average response time from customer support team is about one hour, and feedback is given by users to customer support. Suggestions for customer service responses are helpful and are not restricted to automated responses. What I find interesting is the Trollbox where you can engage with other users and staff members live.
BitMEX is considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX utilize Amazon web services to protect the servers with text messages and two-factor authentication, as well as hardware tokens. With a system for risk checks in place they can shut down all trades if any suspicious activities or security breaches are detected.
Leverage, futures and swaps are interesting enough for myself however not recommended to newbies. Competitive fees with a full table on their website braking down everything the highest leverage is 1:100 for bitcoin and bitcoin cash. No deposit or withdraw fees beside the network fee based on the blockchain loads. Interface can be appreciated by its complexity and details and I will rate BitMEX with 4 stars. The downside si the missing mobile app and no fiat payment options.