It looks like you are searching for the best place to buy cryptocurrency.
I must say you are in the right place.
At TheMoneyMongers we believe in thorough research and recommendation. And this time also we have understood your need and went ahead in using numerous cryptocurrency exchanges in the past few weeks.
Having said that we have come with a list of reliable cryptocurrency exchanges for beginners and advanced users alike.
But before sharing the list, we would like to tell you, what all parameters we did keep in our mind to select these exchanges and here are those:
- Exchange uptime & downtime
- The reputation of the company & team
- Fees & discount structure
- Liquidity of the exchange
- Customer support system etc.
So based on these things we have curated this list of exchanges where you can buy/sell cryptocurrencies and altcoins in myriad different ways.
Without further add-on here is the list:
PS: Do make an account on 3-4 exchanges using this list even if you plan to trade only on one of them because sometimes due to a massive influx of new users these exchanges suspend new registrations, having access to multiple exchanges is a good option.
|Popular Crypto Exchanges||Quick Buy Links|
|CEX.io (All Countries)||Try Now|
|bitFlyer [EU, Japan, US]||Try Now|
|Coinbase (UK, USA, Europe, Canada, etc)||Try Now|
|CoinSwitch (All Countries)||Try Now|
|Changelly (All Countries)||Try Now|
|Coinmama (All Countries)||Try Now|
|Wirex (Europe & UK)||Try Now|
|Binance.je (UK & Europe)||Try Now|
|Binance (Except USA)||Try Now|
|LocalBitcoins (All Countries)||Try Now|
|Bitit (US, UK, Europe, Australia, Canada, etc)||Try Now|
Top Cryptocurrency Exchanges Review
|Trading Pairs Available In Fiat|
CEX.io is one of the oldest cryptocurrency exchanges operating in this space since 2013. CEX is based out of London, the UK which is believed to be a bit more relaxed environment for cryptocurrencies.
I started using CEX in 2016, and since then it has been my go-to exchange to buy popular cryptocurrencies for fiat or BTC.
You can also buy BTC in various fiat currencies from CEX.
But to get started on CEX you first need to register using your email ID and abide by their AML-KYC rules. Post verification (which can take up to 24 hours), you are free to deposit and trade using fiat currencies like USD or EUR.
One thing that I enormously like about CEX is, it allows you to buy cryptocurrencies directly through your Visa/MasterCard but before that, you need to verify your card (it typically takes few hours to verify). Also, they’re working proactively to develop their Bitcoin Margin Trading Platform.
Apart from that CEX is as safe as Coinbase and has excellent security features such as 2-factor authentication and 24/7 customer support.
bitFlyer is one of the oldest standing cryptocurrency exchanges in the world, unlike Bybit which just started spot trading. They are operating in this space since 2014 and have served millions of users around the world to buy/sell cryptocurrencies.
They are the largest exchange in Japan and the only exchange licensed to operate in Japan, the EU, and the US (46 states including New York).
bitFlyer’s infrastructure is built by Wall Street veterans for professional traders with all of the features and power you would expect from one of the world’s largest exchanges. Using bitFlyer one can easily trade Bitcoin, Ethereum, and other currencies on a 24×7 basis with huge liquidity pools.
bitFlyer has reached 250+ billion dollars in volume to date and is ranked as a “AA” exchange by CryptoCompare. BitWise has also included them in the list of top 10 exchanges with real volumes with various order types and competitive fee structures at your disposal.
Bank deposits and wire transfers are acceptable on bitFlyer and can be used from time to time whenever you want to buy cryptocurrencies like BTC, ETH, ETC, LTC, & BCH, so what are you waiting for, try it out.
- Countries Servicing: Coinbase serves 42 countries.
- Supported Fiat: USD, EUR, GBP (via SEPA)
- AML/KYC Requirements: Mandatory AML/KYC is required
Coinbase is one of the oldest standing and best bitcoin exchange from where you can buy/sell popular cryptocurrencies. It was established in 2012 and since then has helped over 10 million users get onboard on the crypto journey.
The exchange is based out of the USA and serves customers in 90+ countries. Especially, if you are from the USA, UK, Canada, Singapore, Australia, etc.
Coinbase broker supports BTC, ETH, BCH, & LTC as of now.
But it gets better:
Another good thing with this most popular crypto exchange is that it allows you to trade popular cryptocurrencies like BTC, ETH, LTC, ETH, BCH, etc. against fiat pairs.
So if you are someone who wants to buy Bitcoin for fiat currencies like USD, EUR, etc. or want to trade BTC for fiat, Coinbase Pro is the place to go !!
CoinSwitch is a cryptocurrency exchange aggregator that connects to various exchanges like Bittrex, Binance, KuCoin, etc. to bring you the liquidity for your crypto-to-crypto trade.
And the good thing about it is that it doesn’t require you to make an account or registration on any exchange and not even on CoinSwitch.
Moreover, you can see what the best offers are available to you for a particular cryptocurrency pair that you wish to trade.
So just buy, sell, trade over 300 cryptocurrencies, altcoins, tokens like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin(LTC), etc. using CoinSwitch.
Changelly is an instant cryptocurrency exchange/swap service, but it requires you to register using your email ID.
But you can simply bypass this by using an alias email ID and in return, you will get access to a full auditable transaction history in your Changelly account.
This is one of the easiest ways to swap cryptocurrencies directly without getting into the headache of order books. Changelly now supports more than 130 cryptocurrencies, and I find its UI quite clean for even a noob to understand. You can also read our dedicated review on Changelly Exchange Service.
And it gets better:
They charge a quite low commission fee (0.25%) and offer the best available rate at the moment the transaction is completed.
|Trading Pairs Available In Fiat|
Want to buy/sell more variety of cryptocurrencies?
Well, you should look at Coinmama-the best place to buy cryptocurrency.
Coinmama is undoubtedly the easiest and fasted way to buy cryptocurrencies for fiat from across countries around the world.
The service is active since 2012 and has already served millions of customers, so you need not worry about their reliability.
Buy cryptocurrencies directly in minutes using your Visa or MasterCard credit/debit cards, but before that, you need to register on Coinmama and complete your verification (it typically takes few hours to get verified once you have submitted your documents)
So virtually you can buy cryptocurrencies (8 cryptos) in any currency through your debit/credit card via Coinmama almost instantly.
Wirex is another service that you can use if you are interested in popular cryptocurrencies like BTC, ETH, LTC, XRP, DAI.
The service is reputable as it is operating since 2015 out of London, the UK. Interestingly, you get crypto-linked a full-fledged bank account to operate in UK and Euro region powered by cryptocurrencies.
It also issues crypto debit cards but its main USP is the ease with you can exchange your fiat money into cryptocurrencies
The crypto-linked bank account is regulated and allows you to keep multiple currencies including Bitcoin, USD, EUR, GBP. You can also top-up the account with fiat currencies from other bank accounts to buy cryptocurrencies from it.
Note: Wirex has also started supporting countries like Australia, Hong Kong, Malaysia, Singapore, South Korea, and Taiwan. Also, when using the Wirex debit card, you get 0.5% cashback in Bitcoin.
Binance.je (Binance Jersey exchange) is the sister exchange of Binance exchange launched specifically for UK and Europe residents to help them buy BTC, BNB, LTC, ETH, or BCH in fiat currencies like EUR or GBP.
You, of course, need to complete a KYC on this exchange but the process is a bit easier than other exchanges. So if you are a resident in Europe or UK who wants to buy cryptocurrencies in their fiat currencies, Binance is the way to go !!
FTX exchange which is primarily a derivatives exchange has also started spot trading and it’s one of the top competitors of Binance exchange, so you can safely try Binance or FTX exchange in this case.
Do you already have BTC or ETH and want to trade other cryptocurrencies?
Well, you must see the Binance cryptocurrency exchange.
Binance cryptocurrency exchange has ruled the market in 2019, and it is likely to do the same in 2020.
Binance is a crypto-to-crypto-only exchange where you can trade 100s of tokens and cryptocurrencies by depositing BTC or ETH-like currencies.
Binance started in 2017 from China, and now it has become the biggest crypto exchange in terms of liquidity and users.
It is an order book exchange where crypto enthusiasts like you can place a real-time bid and enjoy other advanced charting features.
With the Binance exchange, you need not go through a rigorous KYC check, but if you want to enjoy higher withdrawal limits, you should complete a simple Binance verification.
- Verified account: withdraw 100BTC per 24h
- Non-verified account: withdraw 2BTC per 24h
Lastly, regarding trading fees, Binance is one of the most cost-effective trading platforms because it charges only 0.1 % as a trading fee in which also you can get up to 50% discount if you opt to pay the trading fee in Binance Coin (BNB), as per the given schedule.
But if you are looking to trade on popular cryptocurrencies like ETH, BTC, or XRP then you opt for Bybit or Binance any of the exchanges.
LocalBitcoins aka LBC as its name suggests is a Bitcoin-only peer-to-peer exchange where you can meet actual buyers/sellers of Bitcoin in 200+ countries.
You can meet them online or offline as per the buy/sell offer you choose to engage with and right now the service is present in 15000+ cities over the globe.
Moreover, it is an escrow based service so you need not worry about someone running away with your bitcoins because they are being held in escrow.
And its escrow fee service is also as low as 1% which is I think is entirely fair for overseeing Bitcoin trades on its platform.
So what are you waiting for?
Bitit is based out of France and is operating in this space since 2015.
The sole aim of Bitit is to make the purchase of cryptocurrencies seamlessly easy and towards that, they have integrated 10+ fiat currencies and 15+ cryptocurrencies on their platform.
There are various payment methods that you can use while using Bitit but the most popular ones remain wire transfer and credit cards.
So if you are someone who wants to buy Bitcoin or other cryptocurrencies quickly in countries like the UK, Europe, Australia, Canada, France, etc, you can check out Bitit.
Over To You Now
Selecting a decent cryptocurrency exchange can be a challenging task, given the fact we have so many options out there.
You should not rely blindly on any exchange and should always check for its security measures, liquidity, coin offerings, customer support before deciding.
I know some of you might be thinking, how do you know about customer support?
Well, we have used all these exchanges and have also confirmed it through some of the best cryptocurrency exchanges feedbacks through Reddit.
Some of you might also be missing Kraken and BitStamp like exchanges, but sorry, I haven’t used them much hence have not listed them here.
Furthermore, I hope you are smart enough not to keep your cryptocurrencies on neither spot exchanges nor derivatives exchanges because no exchange is safe for cryptocurrency storage.
Before we close, I want to answers some of the FAQs quickly?
What is the best cryptocurrency exchange for beginners?
Cex.io and Changelly are the best cryptocurrency exchange for beginners. Their support system is also designed to help newbies get started in crypto.
What is the best cryptocurrency exchange for day trading
Binance is the best crypto exchange for day trading. It has the highest liquidity in the market and that’s what you need when you are doing day trading. There are new exchanges like Bybit or FTX also entering the spot market to help traders day trade.
Which is the best cryptocurrency exchange in the USA, UK & India?
For the USA-Coinbase Pro, UK & USA- CEX.io, and for India- Wazirx is the best Indian cryptocurrency exchange where any Indian can trade cryptocurrencies easily.
Lastly, I hope this list helps you pick the right exchange; I would recommend you to have an account on atleast 4-5 exchanges because diversification in terms of exchanges is also an excellent way to minimize risk.
But anyway, do share with us which exchange you finally choose?
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