The cryptocurrency market is booming and so are cryptocurrency exchanges. Most exchanges perform the important task of converting fiat currencies to cryptocurrencies and vice versa while some of them handle cryptocurrencies only. Some exchanges offer cryptocurrency trading with margin accounts and have advanced trading platforms similar to cryptocurrency trading platforms offered by forex brokers.
*Don’t know what a cryptocurrency is? Check out ‘What is Cryptocurrency’.
With a margin account, you can trade cryptocurrencies with gearing (leverage).
FX Leaders are proud to present an unbiased review of different cryptocurrency exchanges based on several factors including the safety of clients’ funds, the variety of services and instruments offered, and customer service.
Some questions frequently asked by prospective cryptocurrency users and traders include the following:
- What is the best cryptocurrency exchange I can use?
- What is the best digital currency exchange?
- What is the best cryptocurrency exchange platform available?
- Which Bitcoin exchange should I use?
- Where can I find an excellent ethereum exchange?
- What is the best bitcoin exchange platform available at the moment?
If you have ever wondered about some of these points, check out the following table which contains much of the information you need to choose the best cryptocurrency exchange:
- A wide variety of tradable cryptocurrencies
- Low transaction fees
- Margin trading available
- Trade various cryptocurrency/fiat currency and crypto/crypto pairs
Ethereum Classic (ETC)
Bitcoin cash (BCH)
Various other cryptocurrencies
- Negative balance protection
- Cross-platform trading: website, mobile app, REST API, and FIX API
- Fast order execution
- Low spread
Bitcoin cash (BCH)
- Low transaction fees
- A wide range of cryptocurrencies
- Margin trading available on major cryptos and numerous altcoins
- High liquidity
Bitcoin cash (BCH)
Plus many other cryptocurrencies
Additional Cryptocurrency Exchange Information
Coinbase is a solid cryptocurrency exchange trusted by over 7 million users. Coinbase users’ deposited funds and stored cryptocurrencies are covered by Coinbase insurance which is an excellent safety benefit.
Coinbase clients now have the added convenience of telephone support (in addition to email support). Coinbase generally offers good customer service despite the massive amount of new users.
In a great hurry to get some cryptocurrency? Coinbase may be a good option for you.
Coinbase is a really good option for crypto-beginners because of its easy-to-use interface. To buy cryptocurrency with fiat currency is also faster with Coinbase than with most other cryptocurrency exchanges because transactions can be done as soon as users have verified their accounts and credit card details.
SpectroCoin is a respectable cryptocurrency exchange where users can make deposits in many different ways, including debit and credit card deposits. A great feature of SpectroCoin is their prepaid debit card which is a convenient way to spend or withdraw funds around the globe.
Spectrocoin accepts deposits in numerous fiat currencies and is a really convenient crypto exchange. SpectroCoin’s free bitcoin wallet is also available in a mobile version which further enhances its user-friendly hallmark.
Coinmama is a worthy competitor in the crypto exchange business. It enables users to lay their hands on cryptocurrency in the blink of an eye. Exchanging fiat currency to cryptocurrency can be done by simply filling out their payment form and making a deposit. After these quick steps, you will receive your crypto into your wallet as soon as your deposit is cleared.
Coinmama offers bitcoin and ether and is one of the few crypto exchanges that accept cash deposits.
Kraken takes a comprehensive approach to security. Kraken’s security experts have built in a number of sophisticated security measures to prevent the theft of money and information.
When it comes to secure coin storage, user account security, system security, financial security, and legal compliance, Kraken is a real industry leader.
- The vast majority of coins are safely stored in cold wallets, completely isolated from any online system.
- The only coins kept in hot wallets (online) are the ones needed to maintain operational liquidity.
- All cryptocurrency wallets are encrypted.
- Kraken’s servers are safeguarded in a top-tier professional data center with video surveillance, a retina scan system, and armed guards.
- Customer funds are safely kept in segregated bank accounts.
Kraken’s security is pretty impressive – armed guards, retina scans, etc.
Kraken has also been enjoying a massive amount of new user accounts and is a powerful and dynamic cryptocurrency exchange with low fees and a wide variety of cryptocurrencies offered.
Cex.io is an excellent cryptocurrency exchange that accepts most popular deposit methods like Visa, Mastercard, bank transfers, and cryptocurrency.
Cex.io offers its services in most countries of the world. Its commission is low and its trading platforms are highly suitable for institutional and algorithmic trading. Cex.io’s deep liquidity combined with its excellent trading platforms and tools make it an excellent option for market making, scalping, high-frequency, and high-volume trading.
Margin trading is also available at Cex.io, with a leverage of up to 1:3.
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The most impressive feature of Poloniex is probably a large number of cryptocurrencies it has available – about 100. Most of these cryptocurrencies can be paired up with bitcoin, ether, Monero, and tether.
Poloniex’s trading volume usually measures in the top ten of all cryptocurrency exchanges.
Poloniex only facilitates cryptocurrency-to-cryptocurrency trades and deposits and withdrawals need to be done with cryptocurrencies.
Poloniex takes great care to secure its clients’ funds of which the majority is kept in air-gapped cold storage (offline).
More and more capital is pouring into the cryptocurrency market and numerous cryptocurrencies are appreciating rapidly. At the same time, more and more businesses and individuals are starting to transact with cryptocurrencies and also invest in it or speculate with it.
Although it may seem tricky to get involved in the cryptocurrency market, it is actually really simple – open an account with a cryptocurrency exchange, deposit funds and convert your money to the cryptocurrencies you need or trade the different cryptocurrency pairs of your choice. Don’t be left behind, get your share of the cryptocurrency market today!