Here’s a list with the most popular Bitcoin exchanges in the world:
Binance (Biggest and low fees bitcoin exchange)Bybit (Fastest Bitcoin exchange, A derivative exchange)Cex.io (Fast and quick exchange)CoinmamaKraken (For USA audience)Coinbase (Another USA based BTC exchange)Deribit (For derivatives)Localbitcoins (P2P exchange)Bitfinex
Are you looking for the best Bitcoin exchanges in the world?
But there’s more.
We all know.
Bitcoin is growing faster than initially thought.
It is a topic that has been discussed by many people all over the globe. Thanks to the numerous new BTC exchanges, anyone can buy bitcoin even if they are not tech-savvy.
You will be overwhelmed by the number of options when you search for “Best Bitcoin Exchanges”.
This guide will help to choose the best Bitcoin exchanges worldwide.
These exchanges accept wire transfers and you can use them anywhere in the world, provided that Bitcoin is legal.
Also see: What is Bitcoin? [Comprehensive Guide]
Let’s now look at the top Bitcoin trading platforms that can help you sell and buy Bitcoin.
Here are the top & most trusted websites to instantly buy Bitcoins.
9 Best Bitcoin Exchanges to Use in 2022
1. Binance (World’s largest Bitcoin exchange)
Binance, the fastest-growing Bitcoin exchange and largest in terms of growth, has built the largest community around crypto-based financial service.
This platform allows you to buy bitcoin with debit/credit cards and then trade it for different coins. It also has a mobile app that is fully functional and, by far, the most popular Bitcoin exchange worldwide. Binance is our number one recommendation.
Binance is only available to US citizens. You can sign up for Coinbase and Kraken if you’re from the USA.
It has seen tremendous growth since its ICO and it is now ranked #1 among the top 10 Bitcoin exchanges worldwide. Binance is the largest marketplace for Bitcoin.
Binance, a centralized exchange, has taken an innovative approach to grow its business and offers a decent discount to day traders.
Register with your email ID to get started at Binance. It is easy and fast. Binance also offers BNB, a native cryptocurrency that you can HODL for a longer time.
Binance also has a unique fee structure.
They have a 0.1% standard trading fees, which is significantly lower than the other peers. Binance also offers BNB, a native cryptocurrency that you can HODL for a longer time. You can receive 25% off your trading activities if you have the BNB token.
This exchange has many more benefits, including:
Bitcoin Savings Account: Earn Interest on BitcoinFuture, Marg TradingStakingNo KYC required for daily withdrawals of 2 BTC
2. CEX (Cost effective BTC Exchange)
CEX is one the most trusted Bitcoin exchanges. They charge 0.25%, which is the industry standard. They offer multiple payment options, including:
Debit card (Visa or master)
CEX supports USDT, which is essential for any exchange that trades in Bitcoin. A complete CEX review can be found here.
All major crypto trading platforms, including Shrimpy and 3Commas, have supported CEX.
They provide their services in every jurisdiction around the world, including 31 US states. The company was founded in 2013 and has offices throughout the United Kingdom as well as the USA.
Register for a Free Account on CEX
3. Coinbase (U.S.-Based Exchange)
Coinbase is a popular U.S. bitcoin exchange. Their interface is very user-friendly and you can use their Android and iOS apps to purchase Bitcoins or Etherium.
Coinbase operates in many countries and it is very easy to get started. Here is a detailed guide to using Coinbase for purchasing Bitcoin.
After you complete a $100 transaction, you’ll receive a $10 bonus when you sign up for Coinbase by following the link.
This offer is free so don’t miss it. Coinbase can be used to buy and sell Bitcoins, but you should go to GDAX to trade on their official exchange. To get started, you can use your Coinbase login.
Get $10 Bonus on CoinBase
Kraken is the U.S.A’s largest Bitcoin exchange. Kraken is based in San Francisco, California. You can trade with other cryptocurrencies such as Ethereum, XMR and LINK through Kraken.
It is simple to get started and takes only 1-2 days to verify.
You can fund your account with fiat currencies such as USD, Canadian Dollars and Yen (to name a few), or cryptocurrencies such as Ripple, Litecoin and Bitcoin.
A new user will need to wait for the first wire transfer. Things will get easier after your first deposit.
Here’s how the Kraken dashboard looks like:
Kraken is a good option if you are willing to wait a few days before getting started with Bitcoin trading.
Register at Kraken for a Free
Bittrex is my favorite Bitcoin Exchange because of its simple design and ease-of-use.
It’s a US-based cryptocurrency exchange which allows you to trade more than 190 currencies at once.
They are fully regulated and comply with all US regulations, so crypto users don’t have to worry about their funds’ safety.
Bittrex has one of the highest BTC trading volumes of any exchange in the world.
Bittrex requires you to register and log into your email ID. To withdraw funds you will need to complete a KYC. This involves submitting your ID documents, phone number, and enabling two-factor authentication to increase your limit.
Bittrex’s account verification process is very fast.
Bittrex offers two types accounts:
Basic Account – withdraw funds up to 3 BTC/day. Advanced Account – withdrawal funds up to 100 BTC/day.
Bittrex is a crypto-only exchange. This means that you can’t deposit fiat currencies like USD, EUR, GBP etc. Their fee schedule is flat at 0.25%.
You also have access to advanced trading tools such as crosshairs and candlestick charts. However, the interface is very intuitive and clean so beginners should not have any problems.
Register for a Bittrex account
Poloniex is the best when it comes to trading volume, supported cryptocurrencies and trust. It is easy to get started with Poloneix. You can deposit any cryptocurrency (or USDT) and start trading.
When you create your account, ensure that you enable 2 Step authentication before you deposit any currency. To reduce trading risk, the exchange supports Stop-limit order. You can choose from 5-minute, 15 minute, 30-minute or 2-hour candlesticks. Charts can be zoomed to show the entire market history.
This is the best Cryptocurrency Exchange if you’re interested in Altcoins.
Register for a Poloniex account
Another popular Bitcoin exchange claims to be the first licensed. You can also purchase bitcoins with your debit or credit card.
Their interface is more attractive than Kraken and they have an iOS and Android app that allows you to trade directly from your smartphone.
Sub-accountsSMS Price AlertsHigh Security8% Fees for Credit Card PurchaseYou can view their fee list here.
A bank wire transfer usually takes 2-5 business day, while a SEPA transfer can take 1-3 business days to reach Bitstamp.
Bitstamp is the best choice for traders looking for an advanced platform to buy/sell bitcoins and make a profit.
Create Bitstamp Account
Gemini is another excellent Bitcoin exchange. Gemini is based in New York City and operates across North America, Europe, Asia, and Europe.
They provide individual and institutional accounts. Their prices are competitive and their interface is simple for beginners. Their team was very helpful in opening an institution account.
Gemini is an excellent option if you’re looking for a corporate account to trade Bitcoin in the U.S.A.
Create Gemini Account
Localbitcoins was the first to offer P2P for Bitcoin buying and selling. It is available in any country around the globe and may be the most reliable P2P service for Bitcoin exchange.
It takes a few hours to one working day for the verification process. Once you’re done, you can start looking for a seller or buyer near you. It acts as an escrow, helping you find other users in your area or country.
Register for a LocalBitcoins Account
New Bitcoin exchanges are being created every day, as I mentioned earlier. You can expect to see them more often with better features for users like you.
A word of caution
These Bitcoin exchanges should not be used as wallets.
These wallets are great for trading but you will need to store your bitcoins in a physical wallet. The best wallets allow you to store your coins offline.
Take a look at these best Bitcoin wallets
In future posts I’ll talk about how to secure your bitcoins. But for now, let us know which Bitcoin exchanges we have used and what our experiences were.
This guide can be shared with your network if you find it useful.
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