There are a lot of different cryptocurrency exchanges, and a novice cryptocurrency investor is often confused about which platform to trust so as not to get scammed.This is a very understandable fear, as cryptocurrencies are associated with so many different images of scams and losing all your money.
Most popular crypto and Bitcoin exchanges
Listed here are the most popular and certainly safe cryptocurrency exchanges.
1. Binance
Binance is a Chinese-based global cryptocurrency exchange that has quickly become the leading cryptocurrency exchange in the market. It offers a top-notch crypto offering, as well as futures, staking, its own IEO platform, and much more!
Binance is a major global cryptocurrency exchange that has quickly become the leading cryptocurrency exchange in the market. Many people believe that Binance is the best exchange in the market.
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New features are constantly being added to Binance, and no other exchange can currently match Binance’s features.
Binance is primarily used as a crypto-to-crypto exchange, meaning you can’t directly buy hundreds of different altcoins with euros or dollars. Most trades are made with bitcoin.
In the summer of 2020, Binance also added SEPA bank transfers to its offerings, meaning you can now transfer euros to your Binance account directly from your own bank. If you want to make a bank deposit, your account must first be verified. This KYC process is a basic step on all exchanges that process bank transfers. Many believe that Binance is the best exchange on the market. Read more about it and our experiences with Binance here .
2. Coinmotion
The Coinmotion service is backed by the Finnish company Coinmotion Oy (formerly Prasos Oy). The company changed its name to Coinmotion to clarify the brand.
A domestic service where you can buy and deposit Bitcoins. On Coinmotion you can also trade other popular cryptocurrencies: Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Monero (XLM). Exchange fee normally 2% without volume discounts.
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Coinmotion has around 100,000 European customers. It is a domestic, reputable service run by Finland’s most renowned Bitcoin experts.
The Finnish Financial Supervisory Authority (FIN-FSA) granted Coinmotion a payment institution license in autumn 2019. Coinmotion is also an officially approved virtual currency provider in Finland.
In addition to traditional trading, Coinmotion also offers an interest-bearing account and an easy way to save monthly in cryptocurrencies. The service has practically never had any unexpected outages, and cryptocurrencies have been 100% secure throughout its existence.
Coinmotion offers its customers additional security through a separate Holvi service and an interest account that pays annual interest on your deposit. Read more information and our experiences with Coinmotion here.
The interest service provides daily interest on your deposit, which then accumulates interest over time. Currently, there is an annual return of a couple of percent on a Bitcoin deposit.
4. KuCoin
KuCoin.com is a cryptocurrency trading service founded in 2017 in Hong Kong and offers its customers many advantages that its competitors do not have.
KuCoin is one of the largest cryptocurrency exchanges in the world, with over 700 coins to choose from. It is also known for the wide range of cryptocurrencies it offers traders on board, with many more coming soon!
For example, it offers the widest range of currencies on the market, new cryptocurrencies are added to its lists even weekly, and KuCoin Shares pays dividends to traders. This increases investor interest in KuCoin.
KuCoin does not support bank transfers or credit card deposits at all. In the service, a trader must first buy Bitcoins, for example, from Coinmotion or Coinbase . You can deposit money to these services by bank transfer. After this, the trader can transfer the Bitcoins they have purchased to their KuCoin account and start buying any cryptocurrencies.
KuCoin often has a habit of adding a new cryptocurrency to its list, with a small competition where participants can win the cryptocurrency in question. A really clever way to get customers interested in new cryptocurrencies.
Read more about KuCoin here
3. Bittrex
Bittrex is one of the oldest secure exchanges operating in the US, proudly stating that it has never been hacked. This platform offers a straightforward registration process, a wide selection of coins, and a fairly reputable trading platform.
Bittrex is a safe haven for crypto traders as it has never been hacked.
Bittrex offers its customers some of the lowest trading fees in the industry and super-fast trades. This is a very stable and excellent platform for trading cryptocurrencies.
5. Kraken
Kraken is one of the most secure platforms in the world. Because the founder of the company has experience in hacking, they have tried to protect themselves very well against hacking attempts.
The majority of assets are stored in cold storage and the servers are located in high-security facilities with armed guards and state-of-the-art video surveillance.
If you are looking for a secure platform with fairly low costs, Kraken is a great choice.
6. Digifinex
Digifinex is a Singapore-based cryptocurrency exchange founded in 2017 and ranked among the top 10 cryptocurrency platforms in the world. Funds are safe behind a multi-layered security system, giving customers’ cryptocurrencies the same level of protection as a bank vault.
Cryptocurrency can be purchased using a credit card. The trading fee for regular users of the platform is 0.2%, and if you upgrade to the VIP level, the minimum fee is 0.060%.
Open an account with Digifinex here!
7. Crypto.com
Crypto.com was founded in 2016, the project initially launched under the name Monaco (Card). There are five different tiers of cards available, with the lowest tier being free. All you need to do is download the Crypto.com app, complete the mandatory KYC, and order the card through the app.
Read more about Crypto.com here .
The cards also come with significant benefits, depending on the card level: cash back of up to 5%, Netflix, Spotify, Amazon Prime, and so on.
The CRO Visa card works in much the same way as any other debit card. Even the cheapest option is completely free to use, meaning there are no monthly or annual fees.
It is a smaller trading platform than the largest exchanges on the market, but it does offer some tasty features. Users can access various offers by locking CRO tokens on the exchange.
If you lock up 10,000 CRO tokens through the exchange, you will receive approximately 20% annual interest and access to The Syndicate service.
The Syndicate offers amazing opportunities for exchange users to buy well-known cryptocurrencies at a discount of tens of percent. For example, Bitcoin has been -50% and Ethereum -50%, and the service also has other ongoing campaigns.
Crypto.com’s fiat accounts are in a bank and the funds are your property. Cryptos are safely stored in cold storage and Crypto.com takes security seriously and their practices are audited and certified. Behind them is an experienced team whose names and pictures can be found on their website.
Crypto.com is a cryptocurrency exchange formerly known as Monaco and was founded in Hong Kong in 2016.
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8. Poloniex
Poloniex https://poloniex.com/ is a US cryptocurrency exchange founded in 2014. The platform is still a good and stable option for trading.
Originally, the platform only allowed you to buy cryptocurrency with cryptocurrency, but now the platform also allows you to transfer currency using either a bank card or a Simplex account.
Trading costs are lower the larger the volume the buyer has purchased cryptos in the previous 30-day period.
9. Northcrypto
Northcrypto https://www.northcrypto.com/fi is a Finnish company founded in 2018, so it is a competitor to Coinmotion.
Northcrypto’s goal is to make buying cryptocurrencies as simple and understandable as possible, without compromising on security.
This is a service aimed specifically at beginners and basic users, and is probably the easiest to use on the market.
Northcrypto’s fee structure is quite straightforward: a 1% fee is charged on all trades. Northcrypto is aimed at novice crypto investors. In all its simplicity, it is a really good service for someone who is buying cryptocurrency for the first time.
Currently, the service supports the purchase of Bitcoin, Ethereum, and Litecoin. Northcrypto stores customer funds in separate cold wallets that are not connected to the internet.