10 Best Bitcoin Exchanges 2018 (Comparison/ Reviews)

Introduction – Bitcoin Exchanges

Bitcoin is valuable and very useful as a digital currency, and it has also become an object of investment. Today, there are many Bitcoin exchanges, from where bitcoin can be bought, sold or even traded just like stocks. Bitcoin exchanges serve as a vital part of the bitcoin ecosystem and after getting a secure wallet, the next thing to do if you want to acquire bitcoin is to use good Bitcoin exchanges. Recently, Bitcoin exchanges offer other altcoins for trade also, that is, one can either use fiat money to buy bitcoin or buy it by exchanging other cryptocurrencies. Another thing a good Bitcoin exchange will do for you is to allow you to be able to store your bitcoins on it before you get a bitcoin wallet. Before you chose a bitcoin wallet, here are a couple of things that must be considered:

Features of a Good Bitcoin Wallet

  • Security: there have been cases of exchanges being hacked and millions of dollars lost. The most famous, being the hack of Japanese exchange, Mt.Gox in 2014 and the theft of $72milliion worth of bitcoin from Bitfinex.


  • Currency allowed: some exchanges only accept a particular currency; others accept other altcoins and some also allow one to buy bitcoins using different currencies. Choose the best exchange for the fiat currency you have.
  • Area served: some exchanges offer services to only Europe, some only specific countries. Make sure you choose the one which serves n your geographical location.
  • Exchange rate and fees: most bitcoin transactions take place in Japan and China; therefore the bitcoin-fiat exchange rate should be compared with those adopted there. The fact that certain Bitcoin exchanges charge higher fees does not make it better.
  • The volume of trade: exchanges which experience a higher volume of trade are more reliable. Poor or unsteady volumes of trade can be dangerous to a Bitcoin exchange. The poor balance between sale and purchase of bitcoin CEX.10, in 2017 caused some real issues which this exchange is still looking to get out of.


Best Bitcoin Exchanges

  1. Coinbase

 Coinbase is the most popular Bitcoin exchange, which also trades Ethereum and Litecoin. Coinbase offers service to about 32 countries, including USA, Canada, Singapore and Europe from where customers can easily buy bitcoin using their credit cards or just their bank account. It also has a user-friendly interface for beginners and charges small fees.

  1. CoinMama

Launched in 2013, Coinmama is a bitcoin broker which allows one to buy bitcoin using cash deposits via money gram and western union or using credit cards. It offers its services to the most countries in the world using a credit card, the verification of a customer is not mandatory for bitcoin purchases below 415o and Ethereum is also available on Coinmama. The only downside is that it has high fees. Nonetheless, it is highly recommended to me.

  1. Local bitcoin

This is one special Bitcoin exchange, because it offers peer to peer features, meaning the buyer can directly interact with the seller. It is on top of this review because it is very trustworthy and it’s about the largest peer to peer exchange. It offers a wide area of service does not sell trade limits and does not require an ID verification of its users. Many payment methods including cash are also accepted here.

  1. Bitmex

Bitmex is among the biggest and best Bitcoin exchanges out there especially because it leads to bitcoin margin trading. Using this exchange, one can trade with leverage as high as 100:1. Altcoins such as Monero, Dash, Ripple, Ethereum, and others, can be traded here too. Because Bitfinex is a multi-signatory exchange, no hacker can successfully steal funds from this exchange.

  1. Bitstamp

Bitstamp was the oldest Bitcoin exchange, being founded in 2011. This exchange has never been hacked, and it charges pretty low transaction fees. Nonetheless, although Bitstamp claims to be safe, simple and licensed, it is not really easy for use by beginners, and it offers the limited option of payment.

  1. Poloniex

It has just about the largest trading volume among all the Bitcoin exchanges. It was established in 2014 and offers many coins with which to trade. It does not allow the purchase of bitcoin but the exchange of bitcoin with other currencies. It has a wallet to store all cryptocurrencies. It has mobile and desktop interface and is user-friendly, although its security is not so strong.

  1. Bittrex

Bitrex is a U.S based Bitcoin exchange which offers a large number of cryptocurrencies to exchange with. Bittrex has a large trading volume and a user-friendly interface. Transactions and payments are instant, and the fees charged are minimal. Although Bittrex has a top-notch security, it does not allow one to buy bitcoin, but to exchange other cryptocurrencies for it.

  1. 10

CEX 10 is an exchange which accepts all the major world currencies, including USD, Euros and RUB to buy bitcoin directly. It also offers margin trading using Ethereum. CEX.10 once offered cloud mining but now exists as an exchange alone (since 2015). It allows you to buy bitcoins for a limited amount if you have a verified account and is very user-friendly. It takes a rather lower rank in this review because of the incident of delayed payments and poor reaction from its administrators, when it had an unbalanced trade. Nonetheless, CEX.10 is special because you can sell bitcoins at the same price you bought them. 

  1. Kraken

Established in 2011, Kraken is one of the most experienced exchanges that allows trade in many currencies such as Ripple, Dogecoin, Litecoin, Ripple, and Ethereum. It also serves a large number of countries including US, Japan, India and Europe. It also has a large trade volume.

  1. Bitsquare

This is a peer to peer cryptocurrency exchange network. It has an open source desktop app and allows one to sell or buy bitcoin for fiat currency or other cryptocurrencies. Its ease of use and access by anyone makes it efficient.

Never forget to transfer your bitcoin to a reliable wallet just after you buy them. It is never advisable to keep them on an exchange.


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