When it comes to finding the best bitcoin exchange things are not very easy
Victor Romain, for www.forex-awards.com
When it comes to finding the best bitcoin exchange things are not very easy. Why is this so? Simply because many of the best sites to buy bitcoin are rather recently online.
This means that they have had little to get the word out about their services and products. Most people coming to this page will be asking how to buy bitcoin online through a secure means. Well, here is a good starting point. Let’s see how.
The first thing to consider when looking for the top bitcoin exchange is how safe are the website and server. This boils down to asking: is it a trustworthy exchange providing transparent data of coins in cold storage (more on this later) and are customers happy?
It’s also good to lookout for which currency pairs are available: are you looking to trade bitcoin for USD, Euros, or other fiat currencies.
The location usually gives an idea of what’s on offer. However, the largest bitcoin sites usually have many options for buying bitcoin with government issued currency and altcoins.
The sheer complexity of researching where to trade bitcoin led me to make this cryptocurrencies trading platforms list.
N.B. Please note - you should always do your own research, very attentively, before investing, I hope this helps. Below is the table of the best exchanges to buy bitcoin online. If you are new to cryptocurrency exchanges then lookout for where it says, ‘beginner friendly.’
Finally, you should always check that the secure exchanges are trustworthy. This you can do by checking their user ratings.
Ranking Methodology
I have compiled this list, by extensively researching various websites over many hours and, moreover, by paying extremely close attention to what has been written about them and, last, but not least and, perhaps, most importantly of all…their users rankings.
Ranking preference has also been given to websites, which enable people to purchase cryptocurrencies with credit cards.
Below are my top 20 Sites to buy Bitcoin & Cryptocurrency
- Iq option Limassol, Cyprus
USD EUR beginner-friendly
Trust score: A+ derivatives
Payment method: bank transfer + credit card
- Coinbase San Fran, USA
USD EUR GBP beginner-friendly
Trust score: A+
Payment Method: buy bitcoin with credit card
- Etoro London, UK
USD beginner-friendly
Trust score: A+
Payment method: CFD + bank transfer + card + PayPal + webmoney
- Bittrex cryptocurrency exchange Las Vegas, USA
190+ crypto pairs. Advanced-users
Trust score: B+
Payment method: cryptocurrency
- LocalBitcoins local. All currencies
beginner-friendly
Trust score: A +
Payment method: buy bitcoin with cash + PayPal + bank transfer.
- Cex.io London, UK
USD EUR GBP RUB
beginner-friendly
Trust score: A+
Payment method: credit card + bank transfer + Ethereum
- Kraken San Francisco, USA
USD EUR CAD GBP JPY
advanced-users
Trust score: B+
Payment method: bank-transfer + altcoins
- Cryptopay
Ethereum & ICO token exchange p2p [decentralised]
325+ tokens (ERC20) advanced-users
Trust score: N/A
Payment method: ethereum
- Bitfinex Hong-Kong
USD advanced-users
Trust score: B+
Payment method: bank-transfer + Ethereum + Dash Monero + Zcash
- Paxful Delaware, USA
advanced-users
Trust score: C+ buy bitcoin
Payment method: PayPal + debit card + monevanilla + amazon gift
- Bitstamp, Luxembourg – USD EUR
beginner-friendly
Trust score: B+
Payment method: Bitcoin or credit card + bank transfer.
- Bisq bitcoin & cryptocurrency exchange
p2p [decentralised] 59+ crypto pairs advanced-users
Trust score: N/A
Payment method: cryptocurrency + bank transfer.
- Gdax San Fran, USA
USD GBP EUR advanced-users
Trust score: B+
Payment method: bank-transfer + LTC & ETH
- Shapeshift cryptocurrency exchange, Switzerland
40+ crypto pairs advanced-users
Trust score: A
Payment method: cryptocurrency
- Binance cryptocurrency exchange Shanghai, China
30+ crypto pairs advanced-users
Trust score: C+
Payment method: cryptocurrency
- Blockchain Luxembourg EUR
Beginner-friendly
Trust score: B+
Payment method: buy bitcoin or credit card
- CoinMama, Israel
EUR USD
beginner-friendly
Trust score: C+
Payment method: Bitcoin or credit card + Ethereum
- Bitcoin.de, Germany
advanced-users
Trust score: B
Payment method: bank-transfer
- Bithumb cryptocurrency exchange. Seoul, South Korea
8+ crypto pairs, advanced-users
Trust score: C+
Payment method: Bitcoin credit card + bank transfer.
- Coinatmradar [world ATM map]
all currencies, beginner-friendly
Trust score: N/A
Payment method: buy bitcoin with cash
How to buy bitcoin using this list of exchanges?
Hopefully the list of bitcoin exchanges above will be of beneficial use for how to trade bitcoins. Each outstanding site should have detailed instructions. From here, one can easily figure out how to buy bitcoin with credit card, PayPal, cash or bank transfer.
Which are the largest exchanges?
The biggest bitcoin exchanges will be toward the top of the above list. For example, Bitfinex, GDAX, Kraken, Coinbase (also the best US dollar bitcoin exchanges) all represent large volume proportions.
Daily volume varies, and therefore the world’s largest exchange varies each day. Go to Bitcoinity for a good list of all the top bitcoin exchange site and their proportional volumes. Some find this handy for arbitrage between markets.
Where to find the most secure bitcoin exchange?
This is an important question to ask. Yes, putting the words trustworthy bitcoin exchange in the same sentence seems like an oxymoron, especially when remembering the shiny days of MtGox (aka Empty-Gox).
While the bitcoin protocol has never been hacked, many peripheral businesses have.
Perhaps the best question to ask would be: which are the least secure bitcoin exchanges. Generally, those listed here are optimum and of good standing, but please proceed with caution. Remember never to leave more (BTC) Bitcoins online than you can afford to lose.