While there are 124 Cryptocurrency Exchanges actively running, some shine a bit brighter than others.
This is the definitive guide to the best Cryptocurrency Trading Platforms.
Coinbase has an intuitive feel, decent customer service, and it is easy for almost anyone to use.
They do have an extensive identification process that requires social security, mobile phone number, I.D., and a few more identifiers. Granted, their security is good, so that’s a plus.
Coinbase also has a secure vault that allows you to store your bitcoin for long-term, while giving the ability to quickly transfer funds.
You can check out our full – Coinbase Review article here
Gemini Cryptocurrency Exchange
Gemini is a product of the Winklevoss Twins post working with of Bitinstant.
Gemini currently only houses two cryptocurrencies:
Although, it is a modern feel and their fees aren’t as hefty as Coinbase.
With Gemini, you will have to go through an identification process, which requires between 3-10 days to be accepted and then another 3-10 days to actually get the coin you bought (which is still grandfathered into the price you bought it at).
You can read our complete – What is Gemini Review here
Poloniex is a Cryptocurrency Exchange out of Delaware.
They feature a wide range of coins (over a hundred) and are one of the world’s leading cryptocurrency exchanges with a very high volume of daily trades.
Their platform isn’t that intuitive but they feature many different cryotpcurrency pairings and the ability to set stop-loss and other features for more advanced traders.
On Poloniex they have a withdrawal and deposit limit unless you verify your identity with a few different metrics, and they do offer 2FA (Two Factor Authentication) for added security.
You can read our full – What is Poloniex Exchange Review here
Similar to Poloniex, Bittrex shares many features and is one of the most popular cryptocurrency trading platforms in the United States.
Bittrex has hundreds of coins and a very simple to use interface, granted it also comes with many of the advanced trading features that investors are looking for.
You can’t upload USD to bittrex, so it will require having a cryptocurrency they list and then transferring it onto their platform before trading.
They also do have a more extensive ID verification process. Although, for North America it typically takes around 10 minutes to become verified after uploading your I.D. for a withdrawal limit of up to 100 BTC.
Learn more here: Bittrex
Kraken is a monster of a cryptocurrency exchange.
(Note: It isn’t for beginners)
Kraken has a around 50 different coins and options to trade and all the features of a typical exchange where you can utilize advanced tactics to get the best prices.
On Kraken you can trade fiat currency (USD, Yen, Euros) for cryptocurrency as well, making it a bit more convenient for many people trading.
Learn more here: Kraken
Binance is a digital currency exchange out of China with over 60 different currencies.
What makes Binance a bit different is that it has its own currency, BNB, which if utilized for trading and exchanges, can cut fee costs down quite a bit if you are day trading or making frequent trades.
It has the ability to process 1.4 million orders per second, with low transactions fees (.1%) making it one of the leaders in the cryptocurrency exchange field.
Binance also supports many different languages and countries.
Learn more here: Binance
HitBTC is a popular currency exchange for those looking to trade coins that aren’t necessarily on the big scale yet.
HitBTC has over 200 coins and allows you to pretty easily deposit and withdrawal coins.
They even have the ability to buy ICO tokens, which many are skeptical of, but be forewarned, their fees are a lot higher when withdrawing than most other cryptocurrency exchanges.
HitBTC offers these .1% on trades, but is specialized for it being API heavy and easy to integrate Trading bots with, making it mobile friendly.
Learn more here: HitBTC
Unlike most of the other cryptocurrency exchanges above, Shapeshift is a direct trading platform that is quick and to the point.
You can’t use credit, debit, or fiat currency on Shapeshift but it makes it easy to trade cryptocurrencies. It’s a feature of wallets like Exodus.io and Jaxx.io.
On shapeshift they instantly trade your cryptocurrency for another and deposit it immediately back into your wallet instead of going through the process of transferring it to an exchange, trading it, and then transferring it back to your wallet.
Learn more here: Shapeshift
Bitfinex is a one of the most popular cryptocurrency exchanges touting more than $1 billion 24-hour trading volume on most days.
They offer around 10 cryptocurrencies and the ability to perform both margin trading and many features that are associated with day traders.
Security is one of the main features that Bitifnex touts, granted we always advise that you make your trade and then get your cryptocurrency off the exchange.
Learn more here: Bitfinex
Out of the EU, Bitstamp is one of the most popular cryptocurrency exchanges, as it was founded in 2011.
Bitstamp offers over 10 different cryptocurrencies with a very simple and easy to buy interface.
It is also regulated by the CSSF in Luxemburg and allows users to buy with credit and/or debit cards from fiat to cryptocurrency.
Learn more here: Bitstamp