The downward growing of the world economies have increase the demand for cryptocurrencies and the best is yet to come. I remember when I first bought my first Bitcoin early 2010 where I was just playing with the small change I had. I forgot about it and I just found the email address I used in 2017 but man oh man wasn’t I over the moon.
And why not? These crypto currencies are time and again proving themselves to be a safe haven against government’s inflationary policies.
All governments around the world are struggling to control their economies and different currencies are caught in the crossfire but what if there was a way to stay and invest safely away from all these hullabaloos? What if I tell there is a way?
During my economics studies I saw that really whether a free or not free markets but world economies are controlled by politics. Instability in one country can affect several countries.
Imagine China and USA decide to say we have talked enough now it is time to do some punching what do you think would happen to investments you have in your country?
But before we talk about the best exchanges out there, I need to tell you that it’s not too late to get invested in cryptocurrencies. At the time of this writing, the Bitcoin and altcoin market is at an all-time high, with a market cap of $200 billion.
Buterin stated with the awareness of cryptocurrencies by the general public and mainstream reaching a peak in late 2017, it is realistic for the valuation of the crypto market to increase by a thousand fold from its current value at $200 billion.
A thousand fold increase from $200 billion is $200 trillion, which is 70 percent of global wealth that includes gold , reserve currencies, and other traditional assets that are utilized as wealth management products and this projection might come true one just imagine the one time US$17000 Bitcoin price.
So now that you know you should invest, here’s where you need to go to do that.
Here is a consolidated list of best cryptocurrency exchanges with my comments:
- Binance: Offers mobile app and probably the fastest growing exchange. If you need to pick only one, this is the best and #1 in 2019.
- Bitmex: Very popular with high volume
- Coinbase This is the platform I started with and its very popular as it operates in a lot of countries around the world.
- Changelly: Instantly convert any cryptocurrency to any of your choices. Great for instant conversion
- CEX: One of my favourite where I buy using my bank cards very convenient for me.
- Avatrade With their union with the biggest soccer team on the land Manchester City this is going to be so huge 400:1 advantage
- Z.com Trade
Note: This list is starting from easy to use exchanges and moving towards some of the advanced exchanges.
Our Best Cryptocurrency Exchanges for Trading Cryptocurrency
Binance is a rapidly growing exchange that concluded its ICO a few months back.
Though it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world.
Since its ICO to till date, it has grown tremendously and is now placed in top 10 cryptocurrency exchanges in the world. It now has more than 140 altcoins listed on it which are only increasing as the days are passing.
Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins. BNB is Binance Coin which is the native currency of this platform.
Binance’s fee structure is also unique. To start with they have 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure.
To get started with Binance you need to register using your email ID and the process is quite simple & fast. Moreover, you get 1 QTUM coin as a kind gesture for registration which is limited to 10,000 QTUM coins on first come first basis.
Binance is one of the few exchanges that offers mobile app for iOS and Android. Being using it for a while, I find it too easy to trade cryptocurrency while on the move.
They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, Binance Angel Program, and the Community Coin Per Month etc for more adoption of their platform.
BitMex is high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community.
Here you will never find any issues regarding the liquidity of your cryptocurrencies.
The primary currency traded on this exchange is Bitcoin and its future contracts.
Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple.
The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below:
Changelly is one of the easiest ways to get ahold of various cryptocurrencies.
Changelly has a proven track record of consistently good products being put out into the crypto-space.
One of the best things about Changelly is that you don’t need to go through any lengthy verification or registration process. You just log in with your email ID (or any email ID) and start exchanging!
Currently, it supports more than 35 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use exchanges out there. If you want to know more, check out Harsh’s review on Changelly.
When you use Changelly to exchange cryptocurrency, Changelly bots connect in real time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price.
Usually, when using Changelly, a crypto-to-crypto exchange takes 5 to 30 minutes.
They charge a commission fee of 0.5% on each trade, which I think is minimal in exchange for the volatility and risk that they bear on behalf of their users. In addition to the commission, a miner’s fee is also paid by the user and is deducted directly from their crypto balance.
But all you need in order to buy from Changelly is a VISA/MasterCard (credit/debit card) or any Changelly-supported cryptocurrency and a wallet where you want to receive your new coins.
Coinbase is another easy and hassle-free cryptocurrency exchange. Coinbase offers many popular and unique coin such as DragonChain, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS.
To get started with Coinbase, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using Coinbase since last quarter of 2017 and they are getting popular day by day.
CEX.IO is an international cryptocurrency exchange that originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years.
As we speak, it occupies the at good spot on CoinMarketCap’s list of exchanges by volume and has 244 cryptocurrency pairs. Hence, needless to say, of this, you will never face liquidity problems on this exchange.
Their registration process is also pretty simple and straightforward, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun.
Founded in 2006, AvaTrade has offices in 11 countries and provides multiple trading platforms for web, desktop, and mobile devices, offering spot forex and forex options and CFDs on multiple asset classes, including cryptocurrencies.
With its headquarters in Ireland, AvaTrade is regulated in major regulatory hubs across the globe.
AvaTrade provides multiple platforms for automated and social copy trading. It also offers forex options, in addition to spot CFDs (cryptocurrency included) across multiple markets via its entities regulated in major and emerging financial hubs.
- Regulated in the EU, Japan, Australia, BVI, and South Africa.
- Provides off-exchange forex options on 40 currency pairs.
- Supports cryptocurrency CFD trading on eight crypto pairs.
- Offers multiple platforms including a social copy-trading platform.
- No proprietary desktop or web platform.
- AvaTradeGo Mobile app is not compatible with most phones; use the MT4 app instead.
- High Bonuses, Now with Extra-Low Spreads! Learn More
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering trading facilities on shares, forex, commodities, ETFs, options and indices, alongside innovative trading technology. Plus500 does not provide its products and services to residents of United States.