7 Best Cryptocurrency Exchange Sites

The cryptocurrency business has been amazingly huge during the last few years and only promises to keep growing.

While most advanced countries use the cryptocurrency market only for trading and investment, some countries use them as a common currency to avoid local exchange controls.

Given this constant rise in the market, there are several online exchange sites offering services online, and getting to choose one to trust can be rather confusing.

For this reason, we prepared this article get you through the best online exchangers for you to join the cryptocurrency business.

How to Buy Cryptocurrency

Before we start with the list, it is important that you know the basics of the cryptocurrency exchange business.

Cryptos are currencies with a base on blockchain system, these are fairly more secure than fiat currencies like the USD based on SSL encryptions and as a major difference the cryptocurrencies are not managed or regulated by any local government –And therefore their value follows only their trust and availability on the open markets-.

As you can’t get any of these currencies from a bank and their systems work completely online, you have to go to an exchange site in order to “buy” them as assets.

In this sites, you will either buy from an internal stock of the currencies or trade your fiat currencies for the electronic coins with other users.

But, how do you trust them?

For cold sites with a trading stock, you just have to verify that the exchanger is certified and trusted by other users. While sites that offer a free trade platform with other users will urge you to check the trustworthiness of every user before aiming to trade with him.

NoteAnother difference between trading with other users and going for a cold exchange, is that the second has a higher fee, but on the first one the value of the currency may vary depending on the urge to sell or buy of the other person, which can help you get some earnings with any given transaction.

Now that you have a better idea of how to buy cryptocurrency, let’s break through the best exchange sites that you can find online:

Changelly

Official Site

Changelly is a go-easy exchanger online that offers you the possibility of exchanging without a legal verification –Which almost every other wallet does-.

While this could look like an advantage, presenting a much more volatile market, it also counts as a disadvantage since it brings a lot more opportunities for scammers.

Another feature of Changelly is that it allows the exchange from several altcoins and even tokens which makes it irresistible for traders who want to participate in new investing opportunities.

This company is based in Prague and offers its service at a world-wide level. The service is mainly free, but they charge a fee of 0.5% of each transaction, in addition to you having to make sure to avoid losses when trading with other users.

Payment methods

  • Credit card
  • Debit Card
  • Cryptocurrency transfers

Pros

  • Easy to use
  • Free registration
  • Only asks for your mail
  • A friendly platform in several languages
  • Great reputation
  • Decent per-transaction fee

Cons

  • Allows an easy exit for scammers by not using a KYC registration
  • While buying tokens can be tempting, it is also a high-risk opportunity
  • Doesn’t offer any market information and the rates are usually higher than in other sites due to volatility

back to menu ↑

Vantage FX

Official Site

With an entirely different perspective, Vantage FX offers you a trading platform with an attached exchange system.

Differently from a common exchanger or wallet this site offers you the possibility of trading with CFD’s and use tools to measure your possible earnings through chartist analysis.

One of its main features is its variety, as it offers several sub-platforms beneath the main service:

Here, you can use an enhanced version of the Meta Trader 4 tools to analyze the price movements.

You can also use the web trader to manage operations or use tools like the MyFXBook to get them done automatically, get access to binary options and even use the apps to do everything from a mobile device.

On the other hand, VantageFX does not give you much access without a paid account, and even if you make a standard deposit, some of the best features are reserved for the “Crude” account users.

Pros

  • Free registration
  • Tons of great features
  • Automatic trading system
  • Mobile friendly

Cons

  • Pay-to-enjoy system
  • You have to pay more to get all the cool features

back to menu ↑

Jubiter

Official Site

Jubiter is a simpler option, useful if what you aim for is just to save or acquire cryptocurrency for personal use.

It counts with a nice security system and currently allows the trade of Bitcoin and LiteCoin through a cold stock.

Among cryptocurrency exchange sites, Jubiter highlights for offering a debit card which allows you to turn your coins into bills through an ATM or make regular day-to-day purchases.

Pros

  • Free and easy to use
  • Great reputation
  • Decent per-transaction fee

Cons

  • Only two available currencies –ETH coming soon-

back to menu ↑

AvaTrade

Official Site

Avatrade is a great option for professional trading online, even when it is not a formal exchange it allows you to generate income with the changes in the market through cryptocurrencies CFDs along with almost 250 financial instruments.

This platform offers an excellent support to beginner users and is great for entering the world of trading along with the cryptocurrency business.

On the downside, it doesn’t offer a direct exchange, for which you have to open or close operations to manage the coins and won’t be able to actually make purchases with them.

Pros

  • Free registration
  • Beginner-friendly

Cons

  • No real exchange unless you count withdrawals in coins

back to menu ↑

EasyMarkets

Official Site

EasyForex makes a whole rebrand and evolution campaign in 2013, giving us as result a great broker and trading platform to execute operations online.

While EasyMarkets hardly counts as one of the best cryptocurrency exchange sites, it fits this list because you can actually use it as an exchange, while it offers several ways –Including some crypto- in which you can perform your deposits.

On their platform, you will be able to operate with about 300 different assets with low leverage.

Unlike most online trading platforms, EasyTrades is highly regulated, making it a hack-free and fraud-free platform by all means while it also offers one of the greatest customer support services that you will find online.

In the end, this is a unique platform that offers global brokerage and allows you to do simple and profitable trading with cryptocurrencies and many other 100% legal options

Pros

  • Besides the risks of trading, it is risk-free
  • Great customer support
  • Great users reviews

Cons

  • No direct exchange
  • Low leverage for risky traders

back to menu ↑

Coindirect

Official Site

CoinDirect offers you a peer-to-peer exchange platform in which you can perform the exchange of about 45 different cryptocurrencies online, while it also offers the possibility of stocked-site conversion so that you can use the system to aim for profits without the exchange process.

This site is well regulated, and allows transactions all around the globe, allowing you to enjoy a safe and almost risk-free trading environment.

About its usability, it allows p2p transactions and inside conversions alone trough inside wallets. The fees are a little high –At 1% for each buys transaction-, but you can still take advantage of the market movements and all fees are constantly visible before and after each movement.

In the end, you have one of the best exchange sites available, with great customer support and currencies available but with somewhat high rates.

Pros

  • Easy to use
  • Free registration
  • Clear fees and rates
  • Allows both types of exchanging process
  • More than 40 different currencies

Cons

  • High fees
  • Sellers usually have a higher price than the platforms converter

back to menu ↑

Xtrade

Official Site

Xtrade is a popular trading platform that offers you the possibility of moving your money in cryptocurrencies as well as many other commodities.

While this platform is well-regulated and fairly popular it counts with some disadvantages including some inconclusive scam reports and the facts that you can’t switch between types of accounts nor use the MT4 directly on your account to trade.

Pros

  • Easy to use
  • Trading without commission fees

Cons

  • Some scam complaints can be found online
  • No mt4
  • No switching between account types

To sum up

By this moment you already know some of the best cryptocurrency exchange sites, in addition, we walked you through the 2 ways in which you can usually acquire the digital coins.

Now, when it comes the time to choose a platform, CoinDirect presents many advantages in both possibilities and security but is not a great deal when it comes to actual trading with crypto.

If you are looking for something more like a trading platform, then Avatrade will probably be the best option. And if you are willing to make high-risk beats on new tokens, Changelly ends up being one of the very few options around.

In the end, all you need to do is sign up, and start diving into the cryptocurrency business.


We will be happy to hear your thoughts

Leave a reply

thirteen − eleven =

GoodSitesLike