9 Best Bitcoin Exchanges in the World for Trading Bitcoin [Updated List]

Here is a list of the best Bitcoins exchanges around the world:

  1. Binance (Biggest and lowest bitcoin exchange fees)
  2. Bybit (fastest Bitcoin exchange, a derivative exchange)
  3. Cex.io (fast and quick exchange)
  4. Coinmama
  5. Kraken (to the public in the USA)
  6. Coinbase (another US-based BTC exchange)
  7. Deribit (for derivatives)
  8. Localbitcoins (P2P exchange)
  9. Bitfinex

Are you looking for the best Bitcoin exchanges?

But before that.

We all know ..

Bitcoin is gaining momentum faster than originally thought.

People around the world have already started talking about it, and thanks to many new BTC exchanges, non-tech people can now buy bitcoin.

If you are searching for “Best Bitcoin exchanges“, You will be overwhelmed by the options available.

But this exclusive guide will help you choose one of the best Bitcoin exchanges around the world to do business with.

Most of these exchanges accept money by bank transfer and the best part is that you can use them from any part of the world (as long as Bitcoin is not illegal in your country).

So without further ado, let’s look at the best Bitcoin trading platforms to help you buy and / or sell Bitcoin.

If you are looking for a site to buy Bitcoins right away, here are some of the best and most reliable options:

9 of the best Bitcoin exchanges to use in 2020

1. Binance (World’s largest Bitcoin exchanges)

Binance is the largest and fastest growing Bitcoin exchange, which has created the largest ecosystem around crypto-based financial services.

On this platform you can buy bitcoin using debit / credit cards and then exchange with other coins. The platform also offers a fully functional mobile app, and this is by far the most used Bitcoin exchange in the world. If you are looking for a single recommendation, Binance is the vacancy for you.

Note: Binance is not available to US citizens. If you are from the US, you can sign up for Coinbase or Kraken.

Since its ICO to date, it has grown tremendously and is now ranked as # 1 in the top 10 Bitcoin exchanges in the world. Binance offers the largest marketplace for Bitcoin.

Binance, which is a centralized exchange, has taken a unique opportunity to expand its business and also offers a decent discount to day traders.

To get started with Binance, you need to register with your email ID and the process is quite simple and quick. Binance offers a native currency called BNB, which is probably the second crypto that you can HODL for longer.

Binance’s fee structure is also unique.

To begin with, they have a standard trading fee of 0.1%, which is already quite less than other peers. Binance offers a native currency called BNB, which is probably the second crypto that you can HODL for an extended period of time. If you have the BNB token, you can get a 25% discount on your trading activity.

There are several benefits to this exchange, such as:

  • Bitcoin Savings Account: Earn Interest on Bitcoin
  • Futures and margin trading
  • Strike
  • No KYC for daily withdrawal of 2 BTC

2. CEX (Cost-effective BTC exchange)

CEX is one of the most trusted Bitcoin exchanges out there. Their fees are only 0.25%, which is one of the industry standard. The security is top notch and they support several payment options such as:

Debit card (Visa and master)

  • SWIFT
  • LOOK AT
  • ACH
  • Cryptocurrency

CEX also supports USDT, which is a must-have for any Bitcoin exchange. You can read a complete CEX review here.

CEX has been supported by all major crypto trading tools such as Shrimpy, 3Commas to name a few.

They offer their services in all jurisdictions around the world, including 31 states in the United States. The company was started in 2013 and has offices in the UK and USA.

Coinbase (US based stock exchange)

Coin base

Coinbase is one of the US popular bitcoin exchanges. They have one of the nicest interfaces and you can also use their iOS and Android app to buy Bitcoins or Etherium.

Works in many countries and it is easy to get started with Coinbase. I have already shared a detailed guide on how to use Coinbase for to buy Bitcoin here.

GDAX Coinbase US Stock Exchange

When you sign up for Coinbase using the link below, you will receive a $ 10 bonus once you have made a $ 100 transaction.

This is free money, so you may not want to miss out on this offer. While Coinbase is good at buying and selling Bitcoin, but if you are into trading, go to GDAX for their official exchange. You can use your existing Coinbase login to get started.

4. Kraken

Kraken is one of the largest Bitcoin exchanges in the US Based in San Francisco, USA, with Kraken you can also trade with other cryptocurrencies like Ethereum, XMR, LINK and many more.

It is easy to get started and it takes about 1-2 days to confirm.

This exchange is open to people all over the globe and you can fund your account in various fiat currencies like USD, Canadian dollars, yen and euros (to name a few) and cryptocurrencies like Ripple, Litecoin, Bitcoin.

Fiat money deposit options

The first bank transfer will take 1-2 days for a new user. After the first successful deposit, however, things will be more smooth.

The Kraken Stock Exchange-San-francisco-

This is what the Kraken dashboard looks like:

In general, if you do not mind waiting a few days to get started with Bitcoin trading, Kraken is a good option.

5. Bittrex

Bittrex

Bittrex is my favorite Bitcoin exchange because of its sheer design and ease of use.

It is a US-based cryptocurrency exchange that allows you to trade more than 190 cryptocurrencies at a time.

They are well regulated and compliant with all current US rules, so crypto users do not have to worry about the security of their money.

Bittrex handles one of the largest BTC trading volumes out of any stock exchange in the world.

To get started with Bittrex, you need to register and log in via your email ID, but to withdraw money, you need to make a KYC by submitting your ID documents and phone number, as well as activating two-factor authentication for higher limits.

But a good thing about Bittrex is that the account verification happens pretty quickly.

Bittrex supports two types of accounts:

  • Basic account – withdrawal funds to a value of up to 3 BTC / day.
  • Advanced account – withdrawal funds worth up to 100 BTC / day.

Bittrex is a “crypto exchange only”, which means that it does not allow you to deposit fiat currencies such as USD, EUR, GBP, etc., and their fee schedule is flat 0.25% for everyone.

They also provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so beginners should have no problems.

6. Poloniex

When it comes to trading volume and supported cryptocurrencies and confidence, there is nothing that beats Poloniex. It’s easiest to get started with Poloneix as you can deposit any cryptocurrency or USDT (Tether dollars) & start trading.

The moment you create your account, be sure to enable 2-step verification before depositing currency. The exchange supports Stop-limit orders to reduce trading risk. Has 5-minute, 15-minute, 30-minute, 2-hour and 4-hour candlesticks. Charts are fully zoomable to cover the entire market history.

If you trade with Altcoins, this is the best cryptocurrency exchange for you.

7. Bit stamp

This is another popular Bitcoin exchange that claims to be the first fully licensed exchange. You can also buy bitcoins with your credit or debit card.

Bitstamp tradeview

Their interface is more beautiful than the Kraken, and they offer an iOS and Android app so you can shop from your smartphone.

Other features:

A bank transfer typically takes 2-5 business days, and a SEPA transfer takes 1-3 business days to reach your Bitstamp account.

Bitstamp is best for traders looking for an advanced exchange to buy / sell bitcoins to make money.

8. The twins

Gemini is another great Bitcoin. Gemini is based in New York City and also operates in North America, Europe and Asia.

They offer individual accounts as well as institutional accounts. Their price is competitive and their interface is easy to use for beginners. I had a talk with their team about opening an institutional account and they are a very friendly company to work with.

If you want to open a business account for Bitcoin trading in the US, Gemini is a good option.

9. Local bitcoins

Localbitcoins is one of the exchanges that pioneered the P2P method of buying and selling Bitcoin. It works for any country in the world, and perhaps one of the most reliable Bitcoin exchange services in P2P format.

The verification process takes about a few hours to a day, and when you are ready, you can find a buyer or seller near you. The platform acts as an escrow and helps you find another user like you in your city or country.

Like I said before, new Bitcoin exchanges are coming online every day. We can expect to see more and more of them with even better features for end users like you and me.

A word of warning:

  • Do not use these Bitcoin exchanges as a wallet.

They are great for trading, but if you need to park your bitcoins, you need to either use a mobile-based wallet like Atomic or buy a hardware wallet like LedgerWallet. Any wallet that lets you store your coins offline is the best and most secure.

Check out: Best Bitcoin Wallets

I will talk about securing your bitcoins in future posts, but for now, let me know what Bitcoin exchanges you have used and how your experiences have been.

If you find this guide useful, share it with your network!

Here are a few hand-picked guides that you can read next time:

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