Top 6 Cryptocurrency Exchanges Rating List 2018 (updated)in Cryptocurrency
Today the cryptocurrency market is full of different cryptocurrency exchanges, and each of them claims to be the most reliable, widespread, fast, intuitive, user-friendly, supports lots and lots of crypto coins and so on an so forth. That's why it is difficult to understand which one you can trust your money. In this review I will tell you briefly about 6 best cryptocurrency exchanges. If you liked one of them, click on the title and learn more about them.
I compared the cryptoexchanges and rated them according to the following 11 parameters: Interface, Security, Deposit/Withdrawal fees, Supported currencies, Customer support, Payment methods, Users opinion, Supported countries, Margin trading and Extra features.
The main unique feature of the BitMEX cryptocurrency exchange is future contracts and margin trading with a 100x leverage opportunity.
The user-friendly interface of the crypto exchange provides different marketing charts, limit/stop order and leverage zones, perpetual contract zone, an order book, trading history and a list of cryptocurrency to trade.
The BitMEX safety measures are really impressing: kdb+ trading engine, multisig deposit and withdrawal schemes, a full risk checks protection, PGP emails encryption, 2FA, cold storage system of customers' funds holding. With such a security, the crypto exchange has never been hacked.
BitMEX supports US dollar (USD), Japanese Yen (JPY) and (Chinese Yuan) CNY. The only trading option here is only Bitcoin, but the customers can also use nine altcoins including Litecoin, Ethereum, Ripple, Dash. The crypto exchange has also country restrictions: it is available worldwide besides the USA, Cuba, Iran, Crimea, Syria and North Korea.
BitMEX doesn't have any deposit and withdrawal fees which are really nice. However, the deposits and withdrawals in fiats are not provided here.
The Customer Support is available 24/7 with a live chat and email tickets. They also provide a F.A.Q. section with the answers to the popular questions.
Binance is a famous crypto to crypto cryptocurrency exchange that is based in China. Although in the near future the cryptocurrency exchange is going to move to Malta the prime minister of which welcome it in his country. The crypto exchange supports 7 languages and is compatible with iOS, Android, HTML5, WeChat and PC client.
The Binance platform architecture has installed ISO/ICO_27001:2013 and CCSS security protocols. Besides, IP recognition and 2FA authentification, including Google Authenticator are available.
The interface of the cryptocurrency exchange has basic and advanced displays. It consists of the following sections: a candlestick chart, sell/buy sections, limit/market/stop-limit orders, open orders, trading pairs and an operation history. The main difference between the two interfaces is that the advanced one provides more technical analysis of the digital currencies value.
Binance supports Bitcoin and over 100 altcoins. The taker fees here are low — 0.1 percent on all trading. The crypto exchange has also an in-house BNB token for reduced trading fees. As I already mentioned, the crypto exchange does not support fiats. However, it supports Tether (USDT) which is its digital substitution.
Binance has a multilanguage customer support which is available 24/7 via the online form on the website.
Coinbase allows buying cryptocurrency directly from the bank/credit card while Coinbase Pro/ ex GDAX (Global Digital Asset Exchange) is the Coinbase's exchange platform. The crypto exchange is known worldwide and is the easiest way to buy cryptocurrencies.
The interface of the Coinbase Pro cryptocurrency exchange provides limit/stop orders, margin trading, order book, price candlestick chart and a trade history.
A user's account is protected here by 2FA, an IP address recognition and hold customers funds in a cold storage. So far, the crypto exchange hasn't been hacked.
The cryptocurrency exchange supports three fiats (USD, Euro and Pound sterling) and four cryptocurrencies (BTC, LTC, ETH, BCH) and three payment methods (bank transfers, SEPA, USD wire transfers). Maker-taker fees here are low: 0.25 percent for the taker.
Coinbase Pro is not supported worldwide. They operate only in the USA, Singapore, Australia, Canada, UK and Europe. Only USA, UK and European citizens can trade all the crypto coins available.
The customer support is available 24/7 by email or phone (from Monday to Friday).
Deposit fees 8/10
Withdrawal fees 9/10
Supported currencies 7/10
Payment methods 9/10
Customer support 9/10
Supported countries 5/10
Margin trading 5/10
Users opinion 9/10
Extra features 6/10
EXMO is one of the most popular cryptocurrency exchange in the world and the most beginners-friendly one in the cryptocurrency market.
The interface of the cryptocurrency exchange is standard: a candlestick chart, a list of cryptocurrencies, limit/instant/sell/buy orders, active orders and a trade history.
The Secure Sockets Layer standard of the crypto exchange provides the following precaution: 2FA, IP recognition and cold wallets storage of the cryptocurrencies which means you can trade directly from your cold wallet on the EXMO crypto exchange. The ID verification is also required here: you should provide one of the IDs you have, verify your bank address and sign up the user agreement.
EXMO supports 12 popular crypto coins, three fiats (USD, EUR, RUB, PLN, UAH), SEPA (Single Euro Payments Area) and 11 payment methods including bank cards, QiWi, Webmoney etc.
EXMO takes a 0.2 percent fee from every closed deal and deposit/withdrawal fees depending on the currency. The cryptocurrency exchange has also transfer limits for certain trading pairs.
There are no country restrictions for the exchange that supports 11 languages. At least, they are not specified.
EXMO has a 24/7 customer support via online chat, email tickets, and an online form ticket support.
Bitflip is a relatively new cryptocurrency exchange (established in 2017 in Hong Kong) which allows their users to trade both cryptocurrency and fiats.
The interface of the crypto exchange is easy to understand. It consists of a candlesticks trading chart, a trading pairs list, limit/sell orders, active/finished orders and a trollbox.
The ID information is not required here, so the security measures are not that wide: a 2FA, an HTTPS protocol, and an IP recognition.
Bitflip supports five fiat currencies — USD, EUR, RUB, THB, UAH — each of which has separate withdrawal methods. For example, Perfect money for USD and Capitalist for EUR. Overall, it has seven payment methods.
The cryptocurrency exchange supports 20 crypto coins, including the most popular ones such as Bitcoin, Ethereum, Ripple, Dash.
The fees of the crypto exchange are rather high and depend on the maker-taker system. The customer support is also very slow: only six hours after I asked a question they told me to write an email and wait for more time.
As a bonus, they have an affiliate and dividents programs but I don't think it can save the slow service, high fees and lack of convenient payment methods.
Deposit fees 6/10
Withdrawal fees 6/10
Supported currencies 9/10
Payment methods 7/10
Customer support 7/10
Supported countries 10/10
Margin trading 5/10
Users opinion 6/10
Extra features 8/10
Hong-Kong based cryptocurrency exchange HitBTC claims to be the most advanced one and indeed has a lot of useful tools for professional traders and investors. However, we still don't know where is the crypto exchange physically located, as the different sources point out, in both Hong-Kong and Europe.
HitBTC crypto exchange has a user-friendly interface with a candlestick chart, list of crypto coins, limit/stop order zone with a wide range of options, an order book, trading history, market depth and a trollbox — everything one will need for a successful trading.
The cryptocurrency exchange has three types of accounts — general, verified and qualified — with a different rate of restrictions. In general, the fiat transactions are not available at all while the other two allow trading with various limited sums of fiats.
The verification process is pretty strict and requires a lot of information about a user besides the ID. Although the security provides two-factor authentification, IP address email notifications, automatic logout settings and a "terminate all sessions" button.
HitBTC has a maker-taker system of fees where the maker can profit even from his own transactions. The withdrawal fees, however, are quite high. The crypto exchange supports Bitcoin and more than 150 altcoins.
As a bonus to all these, HitBTC has Market Making contracts and Affiliate program.
The customer support is not ideal — a user will have to write an email or find an answer on the forum. But they provide a user with a comprehensive set of guides with the instructions on almost any possible question related to the crypto exchange.