Top 10 most trusted Bitcoin exchange worldwide 2018
This article list top 10 most trusted Bitcoin exchange available worldwide to buy, sell and trade Bitcoin and altcoin. As a Bitcoin exchange provide an investment platform hence, the user needs a transparent, clean, user-friendly and secure platform where one can invest with a peace of mind. Below listed 10 most trusted Bitcoin exchange is legit, seamless, secure, time-tested and suffice all primitive requirements of a primary user.
Finding a trusted Bitcoin exchange is not a piece of cake. There are some features which a Bitcoin exchange has to be endowed with to fit in the list of top 10 most trusted bitcoin exchange worldwide
top 10 most trusted Bitcoin exchange — what to seek
The first thing which strikes mind for a trusted Bitcoin exchange is the security of the website. You always want the security of the site must be top of the line. The website should be trustworthy and reliable and give transparent details of the coins.
Almost every Bitcoin exchange offers two-factor-authentication. But there are sites which go further to protect user account by adding an extra layer of security like advanced encryption method, unhackable ledgers, etc.
Hence, privacy and security of the user do not compromise and is protected from the hacking.
Bitcoin exchanges with multiple payment options do provide user flexibility to easily buy & sell Bitcoin.
Volume of trade
The third thing which you should consider for the top most trusted Bitcoin exchange is the trading volume of the platform.
High trading volume exchange does represent the reputation and trustworthiness of the Bitcoin exchange.
It provides you an insight of that Bitcoin exchange that people are willing to spend their money on that trading platform. It justifies the reliability and sound business practices of that network.
Bitcoin exchanges with higher trading volume always stay close to the average market cost of Bitcoin. While smaller trading volume exchanges do misrepresent the market value of Bitcoin.
The fourth factor which plays its role in the verge of the most trusted Bitcoin exchange is the transaction and network fee
Usually, every Bitcoin exchange has its own fee structure.
Fees express a percentage of the transaction amount and an average cap around 0.30%.
Some Bitcoin exchanges offer volume-based fee mode i.e higher the volume of the transaction less is the fee.
On the other hand, some Bitcoin exchanges use a maker-taker fee model
Makers are those who placed their orders to designed to move the price up or down pay no charges. Takers are those who buy or sell coins at whatever price currently available and pays fees structured by the network.
This model ensures to stabilize the price and keep it as close to the market average as possible.
A trusted Bitcoin exchange should have clean, easy to use and newbie-friendly Interface
Customer support plays a major role in making the reputation of Bitcoin exchange. A faster response time makes user experience more pleasant and delayed response time lead to frustration and decreases reputation and so does member base of the exchange.
Hence good and quick customer support is necessary for an exchange to be a top most trusted Bitcoin exchange worldwide
So considering these factors I have listed the top 10 most trusted Bitcoin exchange worldwide 2018
Coinbase is one of the established, reputed and most trusted Bitcoin exchange online. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and based in San Francisco, California.
Coinbase ranked first in the hierarchy of top 10 most trusted Bitcoin exchange worldwide 2018.
Coinbase supports 33 countries and has served over 12 million customers to exchange over $40 billion in digital currencies. It also supports wallets to store cryptocurrencies in 190 countries.
Other than Bitcoin coinbase also support Ethereum, Litecoin, and Bitcoin cash.
Coinbase offers multiple services like Buying, selling, and exchange of all four cryptocurrencies and provides cold storage wallet to store each cryptocurrency.
They offer a wide variety of payment options. Users can buy & sell Bitcoins using the credit card & debit card, bank transfer, SEPA, and Xfers transfer (only used in Singapore).
Coinbase charge fees ranging from roughly 1.49% to 3.99%, depending on your payment method, transactions with the credit card are charged most. Cryptocurrency deposits and withdrawals are free of charge (now withdrawals is charged with minimal Bitcoin transaction network fee) updated
There are four account verification levels on Coinbase, and first three levels take only a couple of minutes. The fourth level verification can take weeks. Each upgraded account level increases user’s weekly buy/sell limits. It ranges from 1000$ to 50000$ transaction per week.
Coin base one of the best option for beginners because of its very user-friendly interface. Thus it is effortless to acquire Bitcoins from here. They are consistently adding new features for making user experience smooth and painless.
Their customer support is satisfactory usually response time is less than 24 hours. But Coinbase is subjected to criticism by the online community that they track user cryptocurrency spending.
If a user is investing in gambling sites, adult sites or any other shady stuff they usually freeze the account. Although they refund money to user bank account but still it is a violation of user privacy.
Coinbase security is robust. Two-factor authentication is necessary to even logged in. Passwords are encrypted and hash.
In terms of storage wallet security, Coinbase states that 98% of customer cryptocurrency funds and stored offline, through hardware wallets and paper wallets that are stored in vaults and safety deposit boxes worldwide.
In addition, Coinbase states that the remaining portion of cryptocurrency that is stored online is insured and that in the event of a hack, customers will be entitled to receive any funds lost through this insurance policy.
But still, I will suggest using Bitcoin hardware wallets to store your funds.
Overall, Coinbase is one of the top most trusted Bitcoin exchange on the planet and a great place to start your journey in cryptocurrency world.
Established and reputed Bitcoin exchange
High liquidy and buying limits
A wide variety of payment options to buy & sell Bitcoins
Security is robust and top notch
Cryptocoins are insured
Cold storage wallet for each cryptocurrency
.Not available in every country to buy & sell cryptocurrencies
.May track how it’s users spend Bitcoin
.Level 4 account verification take forever.
NOTE — Coinbase is not available to buy or sell Bitcoins in India. Indians can store, transfer, receive, and exchange Bitcoin from Coinbase.
Local Bitcoins exchange is one of the most renowned, established Bitcoin exchange and ranked second after Coinbase on the list of top 10 most trusted Bitcoin exchange worldwide.
Local Bitcoins exchange is (p2p) person to person transactions all over the world if we simplify it means you can directly interact with the person you are selling or buying Bitcoins.
Launched in Finland, in 2012, the site aims to connect Bitcoin buyers and sellers via an open, peer-to-peer marketplace if we simplify it means you can directly interact with the person you are selling or buying Bitcoins.
It is one of the larger peers to peer exchange in the world and so is one of the most trusted Bitcoin exchange
There is no selling or buying limit set by Local Bitcoins.
It offers the variety of payment methods to buy and sell Bitcoin (almost every international payment option), including cash, on top of this it also accept every country local payment method. For example in India, you can make a transaction using Paytm and Bhim app which are local payment options in India.
One of the major factor why Local Bitcoins is so popular, it does not require any id verification of the client to trade. They don’t even ask for personal details of the user, except those who want to trade in thousands of dollars.
Transactions are instant and fast. There is no fee for the buyer only seller have to pay 1% fee of total trading volume.
Security is very robust. You can only trade after enabling 2-factor authentication. Each trader has a reputation rank and also public history records showing their past activities.
LocalBitcoins also uses escrow service i.e. when you request a trade the money you send is held on and so does Bitcoin. Only after seller confirms the acceptance of payment then only Bitcoins are released.
Support is instant and fast. Support usually replies within an hour. Local bitcoins also offer a public forum where members can interact with other members and can find the solution to their problem.
The interface is user-friendly and very easy to navigate even for newbies.
. Local Bitcoins exchange is one one of the most private ways to purchase Bitcoins.
. Highly respected and good reputation
. Low transaction fees
. No ID verification is needed.
. A wide variety of payment methods available including cash deposit and Paypal.
. In person, cash trades are fast and is well organized by Local Bitcoins
. One of the oldest and trusted Bitcoin exchange in the world have tons of clients.
. Some clients require ID verification to trade larger amounts.
. In “in-person” cash deals, the speed of delivery is entirely dependent on the seller confirming payment.
. Not available in every country.
. There are many scams user. You need to be cautious.
Coin Mama is a veteran exchange and was opened in the year 2013. It is a company based in Israel and is rated as one of the most trusted Bitcoin exchange.
Coinmama offers high liquidity and user can buy up to 10000$ Bitcoins per day and 20000$ worth of Bitcoins in a month using the credit card & debit card (thanks to companies like Simplex which have allowed exchanges to verify users with less risk, thus allowing the acceptance of credit cards rather the old methods like Western Union)
Coinmama offers the highest buying limits among all major Bitcoin exchange who accepts the credit card.
Other than credit & debit card, Western Union, and cash are also accepted payment method.
Coinmama also supports most countries worldwide among all trusted Bitcoin exchanges who accept the credit card. It also supports some of the major US states.
California, Colorado, Florida, New Jersey, New Mexico, North Carolina, South Carolina, Tennessee, Texas, Virginia Wisconsin, Pennsylvania, Arizona, Illinois, Indiana Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Montana, Nevada, Massachusetts.
Coinmama buying limit depends on the account verification level. An unverified user can buy Bitcoin and Ethereum worth 150$. Then comes level1, level2, and level3
Level 1 — Transaction limit is 10,000$. To get level 1 verified, the user has to upload a scanned copy of the government-issued ID like Personal ID, driving license, passport or pan card (only one document)
Level 2 — Transaction limit is increased to 50,000$. To get level 2 verified, the user needs to be level 1 verified and has to upload an extra government issued ID any of the above-mentioned documents.
Level 3 — Transaction limit is increased to 1 million $ worth Bitcoins or Ethereum
There is no limit to a level 3 verified user. To get level 3 verified you should be level 2 verified and has to make a special request to the support (firstname.lastname@example.org).
In comparison to other most trusted Bitcoin exchange, Coinmama’s transaction fees are quite high, with a 5.50% fee per transaction. In addition, Coinmama charges an additional 5% fee on each credit and debit card transaction.
Transactions are instant. Just after making payment, you can withdraw your coins. Customer support is also very fast usually replies within 10 minutes.
Overall, there is no alternative to Coinmama exchange if you want to buy Bitcoin or Ethereum instantly using the credit card at the expense of high fee.
.Very user-friendly interface.
.Offer one of the highest Bitcoins buying limit per day (50000$) for verified members.
.Offers credit card and cash as payment method
.Very fast transaction.
.One of the best customer support.
.Transaction fee is comparatively high
.For buying Bitcoins more than 150$ user have to get verified.
Note — I strongly recommend Coinmama exchange if you want to buy Bitcoins using the credit card.
Cex.io exchange is one of the oldest and renowned Bitcoin exchange in the market and stands at 4th on the list of top most trusted Bitcoin exchange worldwide.
It was established in the year 2013. It is a company based in London and once was cloud mining provider.
At one stage its mining pool (Ghash.io) was one of the largest and held 42% of total mining power of the Bitcoin network, but this service was closed in the year 2015. Now, it works only as a Bitcoin exchange.
The thing I like about CEX.IO that it is very transparent they will let you know how much you will pay even before signup. It let you trade in Bitcoin and other decentralized currencies. These are Ethereum, Bitcoin Cash, Ripple, Monero, Dash, Z-cash, Neo, Namecoin, Dogecoin, and Litecoin.
Cex.io also supports fiat-currency like Euros, Pound, US dollar, Russian rubles. They provide multiple payment options to buy, sell and exchange cryptocurrency with fiat currency (user can’t withdraw fiat currency)
If you have a basic account, you can buy Bitcoins worth 500$.
If you have verified account status, you can buy 100000$ worth of bitcoins per day. To be a verified account holder user has to upload a scanned copy of government-issued ID with a selfie holding it.
There is also a ‘verified plus and Corporate account’ which allows buying unlimited amount worth cryptocurrencies. To get verified plus and corporate account status user has to make a special request to customer support.
One of the interesting thing about CEX.IO which makes it unique. If you bought 2 Bitcoins at a particular price. You can sell those Bitcoins at the same price you bought.
Which is different from other exchanges where you have to wait until other users offer you your desired price. This method is known as fill-or-kill orders (FOK).
The fee is on higher side they charge 0.1% to 0.2% fee depending on the payment method. There is also 1% to 5% fiat-currency transfer fee.
Cex.io has a strong security architecture. They encourage enabling 2-factor authentication. There was one incident in 2013 when exchange got hacked but at that time exchange was young. They quickly patched up all vulnerabilities in exchange security architecture and since then everything is running smoothly.
It has a clean, straightforward and user-friendly interface. Customer support is of the highest standard and they usually answer within hours with detailed explanation.
Cex.io support 95% countries across the globe including India and US.
. Well established and renowned Bitcoin exchange with large member base
. Very user-friendly interface, ideal for beginners.
. Cex.io offer multiple payment options like credit & debit card and wire transfer.
. Transaction is fast and instant
. Offers excellent customer support
. Can buy unlimited amount of bitcoins with verified plus and corporate account
. Of late many negative reviews ( becoming stable)
. Transaction fee is relatively high
. Sign up was closed in late December 2017 (but recovering well)
(Note — send email to claim reward)
Bitmex is the leading Bitcoin margin trading site and one of the most trusted Bitcoin exchange.
Bitmex was launched by HDR Global Trading Limited in 2014, operating in Hong Kong and registered in the Republic of Seychelles.
It is basically an altcoin trading platform than a Bitcoin exchange.
Bitmex CEO Arthur Hayes has used his experience as an equity derivatives trader for Deutsche Bank to design, build, and maintain exactly the type of platform that users are looking
Bitmex has a high daily trading volume above 35000 BTC, on average more than $5 billion worth trade volume in a 24-hour period. Bitmex is accessed by more than 540k user monthly.
Bitmex allows users to buy, sell, and trade Bitcoin and other altcoins namely Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos, and Zcash against fiat currency like US Dollar, Chinese yuan, and Japanese yen.
Bitmex has very competitive fees. There is no deposit fees and withdrawal fees. In case of Bitcoin withdrawal, minimal Bitcoin network fees are charged.
Bitmex has a very robust security. This, altcoin trading platform is written in kdb+, a database, and toolset used frequently by major banks in high-frequency trading applications.
Security is one of the main priority for the exchange. Till date, there have not been any security breaches and neither platform ever got hacked. Bitmex also offers cold storage wallet for Bitcoin and other altcoins.
It runs a first-of-its-kind multi-signature deposit and withdrawal scheme. All Bitmex addresses are multi-signature, and can only be accessed by a majority of Bitmex partners.
Even in the event of a full system compromise, including web servers, trading engine, and database, there would not be enough keys available to an attacker to steal funds.
Platform interface is intuitive and easy to use but beginners will take some time to get accustomed.
As it is mainly an altcoin trading platform. Hence it offers high liquidity and user can trade with 1:300 leverage
There is no match for Bitmex customer support in Bitcoin exchange industry. Bitmex supports almost every country except U.S.A
Overall it is one of the best altcoin trading platforms worldwide.
. Well established and one of the popular Bitcoin exchange
. Multiple payment methods accepted to buy, sell, and trade Bitcoins
. Competitive fee
. Robust security
. Customer support is of the highest standard.
. One of the advanced trading platform
. The interface is not newbie friendly. Beginners will take time to get accustomed
Changelly is newly born Bitcoin exchange launched in 2016. Changelly was established by the exact men who own MinerGate — a mining pool that will allow you to sign up for other miners across the globe.
Changelly is based in Prague(Checkslovakia). The exchange is clean and easy to use, have an intuitive interface, best exchange rates, very low fees. Fees are mere 0.5% of transaction amount. So it checks all boxes required to fit on the list of top most trusted Bitcoin exchange worldwide.
It allows you to exchange one cryptocurrency for another in the most convenient way possible. It does this by aggregating and suggesting the best rates directly on its website. Changelly offers you best exchange rate in comparison to other instant cryptocurrency exchange.
Changelly accepts payments in nearly any cryptocurrency and you can receive a payout in any other cryptocurrency. It let you buy Bitcoin and other altcoins using the credit & debit card.
Changelly is a relatively new company in the cryptocurrency exchange industry. But It has reached the milestone of 1 million customers in short span of time. This shows the popularity and acceptance of this trusted Bitcoin exchange
Changelly supports almost every country in the world. It has very high buying limits and solid liquidity. You can make a trade of any size, and a transaction is processed within 5 to 30 minutes.
Security is top notch with a great customer support.
No ID verification is needed to access the platform
The largest offering of cryptocurrencies in cryptocurrency exchange industry.
Interface is clean, simple, and beginner-friendly
Lowest commission fee for crypto-to-crypto conversion.
Exchange rates are slightly higher when purchasing cryptocurrency using the credit & debit card
Kraken is also a reputed and trusted Bitcoin exchange in the industry. It was established in 2011 and based in San Francisco U.S.A.
It supports multiple currencies namely Dogecoin, Litecoin, Ripple, Etherium, U.S dollars, Euro, the Korean Won, and of course the Bitcoin.
Kraken is available in many countries worldwide Europe, US, Japan including India.
It offers excellent liquidity as its average daily volume is above 15 million US Dollars. Thus if you want to trade with the larger amount than Kraken is another excellent platform.
Fees to buy bitcoins vary by volume and type of pairs traded. BTC/LTC fee is 0.20% of the transaction at the start, BTC/USD exchange fee is 0.30% initially, and BTC/XRP(ripple) exchange fee is 0.10% from the outset. The Higher volume decreases the fees for all pairs until it hit its bottom at 0.05% of the trade volume.
Payment methods accepted by Kraken is credit card, bank wire transaction or SEPA in Europe.
Regarding security of the exchange, it is endowed with world-class safety systems.
So Kraken ticks all right boxes to be on the list of top most trusted Bitcoin exchange.
. well established and trustworthy Bitcoin exchange
. Offers high liquidity.
. One of the veteran exchange and still able to keep its own in such a competitive market.
. user-friendly interface
. Limited features
. Not available in all countries.
. Not able to deposit FIAT currency.