The Best Cryptocurrency Exchanges in 2018 Reviewed

2018-cryptocurrency-exchange-review

If you’ve been into crypto for some time now, you’ll know that 2017 was nothing short of being a fantasy ride for those associated with the crypto-world. The  currency, spearheaded by sharp rise of bitcoin, all gained a heavy momentum in growth, providing a sturdy base for investments.

Ever since the boon, cryptocurrencies have been in the limelight and globally drew interest from thousands of investors. Similar to trading shares on the stock market, investing and trading in cryptocurrencies is facilitated through online cryptocurrency exchanges or smartphone apps.

FREE CRYPTO DIGITAL TOOLBOX - Free Price Notifications, Live Crypto Chart, Crypto Explorer, Daily Winner/Losers, Conversion Calculator, and more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

Top Cryptocurrency Trading Exchanges for 2018

The cryptocurrency exchanges provided below are a platform and hence a marketplace for investing in and trading crypto coins, in a fashion similar to regular exchanges like NASDAQ, NYSE and the like. They ensure that a fair and orderly opportunity is available to all potential investors.

These exchanges are essentially websites where one can buy, sell or trade cryptocurrencies. With the crypto space expanding everyday and more diverse currencies being add to these exchanges, the gateways to capitalizing on this massive revolution in financial technology is massive.

These cryptocurrency exchanges earn their share of profit by charging a decided nominal fee on each transaction made through the exchange. The fee charged, therefore, depends on the volume of the transaction done and is different for each exchange. Most do not charge more than .0025%, which is a quarter of a percent to buy or sell a coin. This is a very nominal fee when compared to typical stock exchanges.

There has been a tremendous increase in the number of crypto exchanges all across the globe with many rapidly evolving since the time of inception. Given how transactions are continuing to increase rapidly, it is likely that the number of exchanges will increase at an alarming rate.

With a number of options being available when deciding to choose an exchange, it has now become very important to know, understand and recognize the characteristics of a good exchanges. Few of them are listed below.

  • The exchange should have a satisfactory reputation among its users. The reputation can be identified through public reviews.
  • The website and the server should be secure, as exchanges are handling large sums of investments and have great potential for hacker attacks.
  • The fees charged per transaction should be minimal. Typical fees are .0025% of any transaction (buy or sell).
  • The payment methods supported by the exchange also play a major role.
  • Government and the political regulations on the exchange are an important factor.
  • Customer satisfaction and beginner ease of use are factors are important.

Of the many available options for choosing cryptocurrency exchanges, here is a list of a few of the best exchanges for 2018 on the basis of their rapport with investors, security provided, fees, accessibility and other beginner friendly features provided to the customer.

1. Coinbase (free $10 of BTC when you sign up)

coinbase cryptocurrency exchangeSpanning across most of North America and Europe, active in more than 32 countries at the moment, Coinbase is the most widely used and densely connected network for coin exchange. It is used by millions of people through these countries and therefore backed and trusted by many of these investors. However, the exchange is not functional for Asian countries except for Singapore, which makes it tough cookie for Asian investors.

The exchange provides an extremely user-friendly  interface, and therefore comes as the first choice of all traditional beginner investors, who have just started crypto trading. The platform allows the users to securely buy, sell, store and trade the crypto coins through a digital wallet. The platform has an extended flexibility in accessing the wallet by downloading an app for Coinbase, both on Android and iPhones.

Pros: Enjoys a good reputation among users, hassle-free interface, good security, easy accessibility, nominal fees, recovery of your funds through insurance if the site ever gets hacked.

Cons: Narrow geographical coverage, few coins supported (only Bitcoin, Litecoin, Ethereum, and Bitcoin Cash as of this post), GDAX is available for more technical traders.

However, the company has announced that it will expand their audience and add more cryptocurrencies that could be traded using this platform, therefore expanding the reach of the platform among the investors.

2. Binance

binance-exchangeAnother popular choice across the globe for cryptocurrency exchange is Binance which means ‘Binary Finance’. It is both a cryptocurrency and an exchange which has a very low transaction fee of 0.1%. Since the exchange is an incubator, its primary motive is to help other exchanges to flourish and meet their needs. Binance is a centralized exchange which is based outside China that which is rapidly improving and planning to become a decentralized exchange in the near future, will therefore be immune to a ban on cryptocurrencies in China. What’s more, Binance is currently a leader in terms of the the amount of crypto coins available on the exchange.

Pros: Low transaction fee, a wide range of crypto coins available for selection.

Cons: Was running a bit slow during peak hours in the past, as reported by other users. This has since been improved but you may experience the occasional slow page load from time to time when trading. 

3. Poloniex

poloniex cryptocurrency exchangeFounded and enforced in 2014, Poloniex is yet another leading cryptocurrency exchange in the market (2nd oldest next to Bittrex). The exchange continues to build a rapport among its potential investors and remains popular among its customers for providing a secure platform with a wide selection of altcoins.

One added advantage of this exchange is that provide the ability for marginal trading, though only a limited number of coins are available for this type of trading. This is a welcome feature which is not present in other exchanges at the moment.

The trade fees are moderate and dependent on the status of the investor – whether he or she is a taker or a maker. Trading on Poloniex involves a volume-tier, maker-taker setup for the fees. For makers, the fee ranges from 0-0.15% and for takers it ranges from 0-0.25% depending on the quantity of the transaction. Again this is 1/4 of a percent, not to be confused with 25%.

Another advantageous feature of this exchange is the availability of a chat box that provides solutions to all user queries and where anyone can post complains or problems faced while operating on the exchange.

Pros: Fast platform, low trading fees dependent upon how you trade, open API, user-friendly, margin trading.

Cons: Slow customer service, lag for larger volume trading. 

4. Bittrex

 bittrex-exchangeA US-based cryptocurrency platform, Bittrex provides the platform of trading approximately 190 cryptocurrencies at a time. Since all of them comply with the US regulations regarding cryptocurrencies, so you won’t need to worry about your funds being hacked.

The platform provided for exchange is very user-friendly and works for most coins.  The most prevalent complaint is regarding the high fees of approximately 0.25%, which is still very low compared to brokers and stock exchanges. This is actually the highest you will ever pay on any given exchange which really isn’t that much.

To start off with Bittrex, you need to register and login using an email ID. Furthermore, to withdraw funds, a KYC needs to be completed by submitting details of a valid ID proof of ID and phone number, which is typical for all exchanges. The user also needs to activate a two factor authentication for setting up the account to allow trade of higher limits. However, the account verification is pretty quick and will get you up and running faster than most.

Pros: number of accessible bitcoins/altcoins, user-friendly, clean interface, high performance, reliable, high security.

Cons: High trading fees (not much higher than most – pretty standard)

5. Kraken 

kraken-crypto-exchangeFounded in 2011, Kraken is another cryptocurrency exchange based out of San-Fransisco. It is the largest exchange in terms of euro volume and is a partner of one of the first cryptocurrency banks. With moderate altcoin support, Kraken also supports fiat currencies and allows buying and selling of bitcoins through these currencies. For more experienced users, Kraken offers margin trading and other additional features.

Pros: Decent exchange rates, secure, good customer support, low fee, a larger number of compatible altcoins.

Cons: Limited payment methods, not suitable for beginners, not a user-friendly interface.

6. KuCoin

kucoin-exchangeA recently developed exchange platform, KuCoin is a Hong-Kong based company supporting a fairly wide range of crypto coins. Since the exchange operates on a crypto-to-crypto basis, it does not support fiat currencies. However, the prospect of trading the digital assets of KuCoin are very exciting where one can also buy and sell the shares of the parent company called KCS (KuCoin Shares) and operate in a similar fashion as Binance (BNB coin). Using their own coin is a great way to save on fees!

Currently, KuCoins support approximately 57 coins, a number that is expected to grow in the near future as their customer base expands. The fee charged for the transaction is moderately low and is approximately 0.1% (1/10 of a percent). However, the withdrawal fee varies from coin to coin.

Pros: User-friendly interface, low fee, a wide variety of altcoins available.

Cons: Less trust and rapport among the customers because the exchange is still in its evolving stage.

7. Cryptopia

cryptopia-exchangeKnown for providing a ton of lower market altcoins which are usually not listed with most of the other exchanges, Cryptopia is another popular exchange in the crypto world for those looking at more high risk to high reward trading. The only drawback with the exchange is that it does not support Ethereum, due to personal views from the developers.

To access an altcoin listed, a nominal fee has to be paid so that the details of the currency can be reviewed by the staff. The details of the coin are sent through a ticket.

Pros: An exceptionally large repository of altcoins, low fee, fast customer support, and a ton of high risk/high reward coins to trade with (low market altcoins).

Cons: Low volume, Ethereum not accepted at the moment, confusing and clunky interface.

8. CEX.io

cex-exchange-crypotThe exchange provides a wide range of services and features with regard to crypto. This London based cryptocurrency exchange supports fiat currencies and allows trading across almost all countries of the world. It facilitates instant buying and selling of bitcoins through a simple bundled interface.

For professional trading, the exchange offers highly intuitive dashboards and marginal trading of bitcoins and altcoins.

Pros: User-friendly, low fee struture, secure, global presence and wide acceptance (confidence in the exchange is high), good customer rapport, excellent customer service, offers margin trading.

Cons: Depositing funds can be expensive.

 

Apart from these cryptocurrency exchanges, there is an extensive list of exchanges steadily being customized and improvised every day to provide unparalleled trading experiences to investors. 

These exchanges, however, top the list and should undoubtedly be a great starting point for the year. For existing players and those planning to get their hands dirty, this list of exchanges is the most robust and concise solution to all your crypto trading exchange needs. Good luck and happy investing!

Leave a Comment

Latest Crypto News

Cryptocurrency-Markets-Seeing-slight-growth

Cryptocurrency Markets Seeing Slight Growth

Cryptocurrency Markets Seeing Slight Growth May 20: Crypto markets saw some growth over the past 24 hours, with all of the top ten cryptocurrencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln. Bitcoin (BTC)

Tether Generates $250 Million Worth of USDT

Tether Generates $250 Million Worth of USDT

Tether Generates $250 Million Worth of USDT In the latest controversial move by stablecoin Tether, $250 million worth of new USDT tokens were generated on May 18 according to the Omni Explorer. This brings the

Coinbase Discussing Application for Banking License

Coinbase Discussing Application for Banking License Coinbase, the cryptocurrency exchange platform met with US regulators today in order to discuss applying for a banking license according to the Wall Street Journal. The firm met with

HTC Exodus Unveils New Blockchain Phone: Exodus

HTC Exodus Unveils New Blockchain Phone: Exodus

HTC Exodus Unveils New Blockchain Phone: Exodus HTC, the android powered smartphone, has reported that they’re taking a major leap into the cryptocurrency ecosystem with their new native blockchain smartphone. The phone will be tailored

Microsoft Bing Will Ban Crypto Related Ads in July

Microsoft Bing Will Ban Crypto Related Ads in July

Microsoft Bing Will Ban Crypto Related Ads in July The Microsoft powered PPC search engine Bing, has joined other search engine advertisers in announcing that they will ban crypto related advertisements on its PPC advertising

HSBC Completes First Blockchain Trade Transaction

HSBC Completes First Blockchain Trade Transaction

HSBC Completes First Blockchain Trade Transaction HSBC, the UK-based bank has reportedly completed the world’s first blockchain finance trade transaction. This reported by Financial Times on May 14. HSBC was able to complete a large

NYC Seeking to Lead the Way in Blockchain The president of the New York City Economic Development Corporation (NYCEDC) announced today that they will be taking initiative to include the launch of a NYC Blockchain Resource Center and blockchain app competitions to help improve the public sector of the city. The Blockchain Resource Center will allow for public blockchain education as well as bringing entrepreneurs together in order to form new blockchain ventures. This new center will also bring both industry and government players together in order to discuss certain regulations that will need to be in play for future development. The NYC blockchain competition will set to begin in late 2018. The NYCEDC will request proposals from organizations that can run the competitions. This includes workshops for government employees about blockchain as well as free educational workshops for the public. The president and CEO of NYCEDC, James Patchett states that “there’s no other city in the world is better positioned to lead the advancements in blockchain technology”.

NYC Seeking to Lead the Way in Blockchain

NYC Seeking to Lead the Way in Blockchain The president of the New York City Economic Development Corporation (NYCEDC) announced today that they will be taking initiative to include the launch of a NYC Blockchain

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$8,414.42
-1.38%
2
Ethereum
Ethereum
$697.69
-3.25%
3
Ripple
Ripple
$0.6791
-3.16%
4
Bitcoin Cash
Bitcoin Cash
$1,236.39
-4.78%
6
Litecoin
Litecoin
$134.48
-3.72%
7
Cardano
Cardano
$0.2494
-3.39%
8
Stellar
Stellar
$0.3193
-4.27%
11
NEO
NEO
$62.681
-0.75%
5
EOS
EOS
$13.424
-4.47%
10
IOTA
IOTA
$1.7306
-5.63%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World

 

Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK