Original post by @arnoldwish.
Bitcoin exchanges can be classified into three main categories:
- Bitcoin exchanges that specializes in trading Bitcoin against fiat currencies with some limited support for other cryptocurrencies. These exchanges tend to have low trading fees and high trading volume, specially for pairs of Bitcoin against fiat currencies.
- Cryptocurrency exchanges that specializes in trading cryptocurrencies against Bitcoin or fiat currencies. These exchanges tend to support a huge number of cryptocurrencies, they offer low trading fees and high trading volume, specially in pairs that involve Bitcoin against another Cryptocurrency,
- Bitcoin exchanges that provide a service for Buying or Selling Bitcoin With a convenient payment methods like Paypal, Credit Card, Debit Card, etc. These exchanges provide a service for people who want to buy Bitcoin easily and instantly. So if you are looking for a way to buy Bitcoin with Paypal, or Buy Bitcoin with Credit Card, or Buy Bitcoin with Debit Card, this type of exchanges is for you.
What Are The Best Bitcoin Exchanges You Can Use In 2017 ?
The word "Best" is considered to be a subjective word in most cases, and sure it is in the case of Bitcoin exchanges.
Everyone has different criteria that should be met by the bitcoin exchange for him/her to even consider using it.
(Note that most of Bitcoin exchanges in this list can be used as a cryptocurrency exchange too.)
For Me these criteria are:
Bitcoin Exchange rate - Bitcoin Price:
In a perfect world, all exchanges should offer relatively the same price for you to buy or sell Bitcoin, but in the real world, each exchange has its order-book with Bids (Price offered by people who want to buy Bitcoin) and Asks (Price offered by people who want to sell Bitcoin).
This means that Bitcoin exchange rate may differ from one exchange to another, so when you want to sell or buy Bitcoin, choose wisely on which exchange to trade.
Trading fees:
These are the fees that you pay for when you want to buy or sell Bitcoin. These fees can vary from 0% to 0.5% in most popular exchanges. If you are a long-term investor, trading with an exchange that has 0.1% or 0.2% trading fee won't affect your investment outcome. But If you are a day trader that trades multiple times a day, this will be the difference between being in the green or in the red.
Deposit/Withdrawal fees:
These are the fees that you pay for when you want to deposit/withdraw money to/from the exchange.
Payment method:
Most exchanges use bank transfer as their method for funding your exchange account, but you can still find exchanges that offer other options to fund your account, like with Paypal, Neteller, Payza, Credit Card or a Debit Card. At the same time don't forget that deposit fees depend also on the option you use for funding your account. So, choose the exchange that offer a funding method that is cheap and most convenient for you.
Verification requirements:
If you are only trading between Bitcoin and other Cryptocurrencies, most of the exchanges won't require more than an email verification, some exchanges won't ask more than that, even if you trade fiat money as long as you don't deposit or withdraw fiat.
On the other hand, if you are going to deposit/withdraw fiat money prepare to verify your account with an ID, Passport or Driver licence number.
Finally, here is the Bitcoin exchange list which I will update regularly to reflect any change in the future. (Currenctly this list of Bitcoin exchanges contains 39 exchanges.)
Exchange.
If you are a day-trader or a long-term investor, this exchange is for you. It has a huge trading volume, low spread and as low as 0% trading fee if you are a market maker with decent trading volume.
| Trading Volume | $14.7M (24h). |
| Supported Pairs | 14 pairs |
| Supported Fiat | USD |
| Account funding | Bank wire + Other cryptocurrencies |
| Trading Fees | Maker fees=0%-0.1% | Taker fees=0.1%-0.2% ; Depends on your trading volume. |
| Advantage | Huge trading volume specially for BTC/USD and ETH/BTC pairs |
| Features | Margin Trading with up to 3.3x leverage. |
| Alexa Ranking | USA: 38,064 Globally: 38,972 |
LocalBitcoins enables users to exchange Bitcoin face to face, all you have to do is create an account and see if there are buyers or sellers near your location.
advice: If you are a Bitcoin seller, it is advised to conduct the transaction face-to-face, relying on Paypal or any other online payment services may result in a chargeback fraud where the buyer reverse his payment to you and claim that they didn't receive your Bitcoins.
| Trading Volume | $18M (Weekly). |
| Supported Fiat | Any Local Fiat Currency. |
| Exchange Fees | No fees on localbitcoins if you are buying/selling without advertisements. If you use their advertisements, then there is a 1% trading fee. |
| Features | Offers an escrow or transaction service to protect the Bitcoin buyer. |
| Alexa Ranking | Globally: 5,225 USA: 7,413 |
Exchange.
| Trading Volume | $900k (24h) |
| Account Funding | Visa, MasterCard or Bank trasfer. |
| Supported Fiat | USD, EUR, RUB. |
| Supported Crypto | BTC, ETH, LTC. |
| Trading fees | 0% - 0.2%. |
| Alexa Ranking | Globally: 23,508 USA: 32,919 |
Trading Platform.
This is not an exchange, but if you are serious about trading, consider trying it. It enables traders to trade on their favorite exchanges all in one place.
| Supported Exchanges | 45+ Exchanges. |
| Features | Portfolio Management, Mobile App Access, High-Definitoin Charting, 75+ Technical Indicators... |
| Advantage | Very safe to use. They don't have access to your funds, since the API keys don't have withdrawal permission. |
| Alexa Ranking | Globally: 185,070 USA: 190,632 |
This is a very advanced derivatives exchange that offers contracts that are bought and sold in Bitcoin. BitMex tops all other exchanges with a $32M trading volume(24h).
| Trading Volume | $20M (24h). |
| Accound Funding | Bitcoin only. |
| Trading Fees | Maker fee vary from (-0.0250%) to 0% depending on the market. yes that's a negative fee, which mean that the trader will receive a rebate. Taker fee vary from 0.2500% to 0.0750% depending on the market. |
| Fiat Currency | USD, CNY, YEN. |
| Supported Cryptos | BTC, ZED, ETH, ETC, XMR, XRP, REP, LTC, FCT. |
| Supported Pairs | 12 pairs |
| Features | Leverage up to x100 |
| Alexa Ranking | USA: 84,377 Globally: 100,431 |
Sell or Buy Bitcoin.
Coinbase is a highly respected Bitcoin company based in San Francisco, and backed by trusted investors. It offers a High liquidity exchange with zero Bitcoin withdrawal fee.
| Account Funding | Bank Wire + Debit Card + Credit Card + Paypal (depends on your location). |
| Buy/Sell Fees | Vary, based on your location and payment method. |
| Availability | Available in 32 countries including the US. |
| Fiat Currency | Anly local currency of the 32 supported countries. |
| Advantage | Fully verified customers may buy up to $50k worth of Bitcoin daily. |
| Alexa Ranking | USA: 1,720 Globally: 4,116 |
Exchange.
If you trade Crytpocurrencies then this exchange is for you, it supports 112 trading pairs, very liquid exchange and low trading fees.
| Trading Volume | $600k (24h) |
| Supported Fiat | CNY. |
| Trading Pairs | 112 pairs. |
| Alexa Ranking | China: 17,102 Globally: 51,024 |
Trading Platform.
This is not an exchange, but if you are serious about trading, you should definitely take a look at this website, specially if you interested about automated trading. This Website provides you with the tool to either create your own trading bot that runs on their scalable VPS cloud 24/7, or if you don't have any programming skills, you can still use their free or paid strategies for automated trading.
| Supported Exchanges | Bitfinex, CoinBase, OkCoin, Huobi, Btc-e, Poloniex, Bitstamp. |
| Features | Ability to buy or sell trading strategies. |
| Advantage | The website access your exchange through an API key that only have trading permission, so your funds are secure since they can't withdraw your funds using the API keys. |
| Alexa Ranking | Globally: 257,838 USA: 301,523 |
Exchange.
| Trading Volume | $2.8B (24h). |
| Account Funding | Perfect Money + (BTC or LTC). |
| Fiat Currency | USD, CNY. |
| Trading Pairs | BTC/USD, LTC/USD, BTC/CNY, LTC/CNY. |
| Trading Fees | 0% - 0.2%. |
| Advantage | A very liquid exchange. No verification required. |
| Features | Futures trading with up to x20 leverage. Margin trading with up to x3 leverage. |
| Alexa Ranking | China: 12,997 Globally: 62,419 |
Sell or Buy Bitcoin.
With this website you can buy Bitcoin instantly with cash anywhere in the USA. All you have to do is choose an order, go to the bank that correspond to that order, deposit cash and upload a photo of your receipt, And you are done.
| Account Funding | Deposit cash to the Bank that correspond with your order. |
| Supported Countries | U.S. only. |
| Fees | 0% to Sell Bitcoin. 2% to Buy Bitcoin. |
| Alexa Ranking | USA: 81,679 Globally: 212,892 |
Exchange.
| Trading Volume | $600k |
| Account Funding | Payeer, Payza, Webmoney, Perfect Money, OKPAY, Money Polo, AdvCash, Capitalist, SEPA, MTC, Qiwi, Visa/Mastercard. |
| Supported Fiat | USD, EUR, RUB. |
| Supported Crypto | BTC, DASH, ETH, DOGE, LTC. |
| Supported Pairs | 13 Pairs |
| Alexa Ranking | Russia: 3,963 Globally: 35,792 |
Exchange.
With this exchange you can access BTC/CNY market, a very liquid market with a trading volume that is measured in the Billions of Dollars. Note that this exchange has a 0% trading fee, but if you leverage your account, some trading fees may apply.
| Trading Volume | $2.5B (Yes Billions) |
| Trading Pairs | BTC/USD, BTC/CNY, LTC/CNY, LTC/BTC. |
| Supported Fiat | USD, CNY. |
| Trading Fees | 0% (Free). |
| Deposit fes | Free |
| Features | Up to x20 leverage. |
| Alexa Ranking | China: 9,698 Globally: 64,512 |
Sell or Buy Bitcoin.
If you are constrained by how you can fund your exchange account, you will probably find this useful, just look at how many options does it have for funding your account.
| Account Funding | Credit Card, Debit Card, Paypal, OkPay,GiroPay, Netller, Skrill, SEPA Transfer, SOFORT Transfer, OBT... |
| Supported Fiat | Local Currency. |
| Supported Crypto | Bitcoin & Ethereum |
| Alexa Ranking | Germany: 6,560 Globally: 63,441 |
Exchange.
| Account Funding | Paypal, Bank Wire, Western Union, MoneyGram, Payza, Skrill, Neteller, Perfect Money, OKPAY, LakePay, CHATS, Cash, Leupay. |
| Trading Fees | 0% - 0.2% (Market Maker-Taker). |
| Supported Fiat | USD, EUR, GBP, CNY, JPY, AUD, CAD, HKD, SEK, SGD, KRW. |
| Trading Pairs | +37 pairs. |
| Alexa Ranking | USA: 201,660 Globally: 241,114 |
Exchange.
| Trading Volume | $300k (24h) |
| Account Funding | Interac e-Transfer, INTERAC Online, Direct Bank Transfer, Bank Wire, Bank Draft, Money Order, Voucher, Bitcoin, Ether. |
| Withdrawal Options | Paypal, Virtual Visa, Visa/MasterCard/AMEX, Direct Bank Transfer/EFT, Express Bank Transfer, Bank Wire, Cash Delivery, Express Interac e-Transfer, Voucher, Bitcoin, Ether. |
| Supported Fiat | CAD, USD. |
| Supported Pairs | BTC/CAD, BTC/USD, ETH/CAD, ETH/BTC. |
| Trading Fees | 0.2% - 0.5% |
| Alexa Ranking | Canada: 4,608 Globally: 172,303 |
Sell or Buy Bitcoin.
This exchange has been in business since 2008 as a leading virtual currency exchange. It mainly focuses on trading Linden Dollars (a virtual currency used in an online game called Second Life) But you can use it to buy or sell Bitcoin too.
A lot of people have used VirWox to Buy or Sell Bitcoin with Paypal. You can do this by trading between Bitcoin, Linden Dollars and your local fiat currency. if you want to learn how to do this, read this Wiki.
| Account Funding | Bitcoin, Paypal, Visa, MasterCard, Skrill, SOFORT Banking, OKPAY... |
| Supported Fiat | USD, EUR, GBP, CHF. |
| Alexa Ranking | Globally: 32,244 USA: 48,003 |
Exchange.
| Trading Volume | $800k (24h) |
| Supported Fiat | USD, EUR. |
| Trading Pairs | 26 pairs. |
| Fees | 0.09% - 0.1% (Market Maker/Taker). |
| Account Funding | SEPA (for EU) + SWIFT. |
| Deposit Fees | €5 for deposits under €50k. for USD, 1% ($6 Min, $45 Max). |
| Advantage | Low USD and EUR deposit fees. |
| Alexa Ranking | Globally: 33,647 |
Exchange.
| Trading Volume | $4.7M (24h) |
| Trading Fees | (-0.05%) - 0% for market makers, depends on your 30 days trading volume. Negative fee means you will get a rebate. 0.1% - 0.15% for market takers. |
| Account Funding | Bank Wire, Credit Card, Convenience stores (LAWSON/MINISTOP/SeicoMart/FamilyMart), PayEasy. |
| Supported Fiat | JPY, USD. |
| Supported Crypto | Bitcoin, Ethereum, Ethereum Classic, DAO, LISK, Factom, Monero, Augur, Ripple, Zcash. |
| Supported Pairs | BTC/JPY, ETH/JPY, ETC/JPY, DAO/JPY, LSK/JPY, FCT/JPY, XMR/JPY, ZEC/JPY. |
| Alexa Ranking | Japan: 1,779 Globally: 36,327 |
Buy Bitcoin.
Coinmama claims that they offer the quickest way of buying BTC or ETH using Credit Card, Debit Card or Cash. Only use Coinmama if you want to buy Bitcoin or Ethereum, they still don't let users sell their Bitcoins yet.
| Supported Fiat | Your local currency. (prices are still displayed in USD or EUR) |
| Supported currencies | Bitcoin & Ethereum. |
| Account Funding | Credit Card, Debit Card or Cash. |
| Deposit Fees | 5% fee charged by the credit card processor. |
| Alexa Ranking | USA: 60,864 Globally: 106,385 |
Exchange.
| Trading Volume | $500k |
| Account Funding | Bank Wire, OkPay. |
| Supported Fiat | USD, EUR. |
| Supported Crypto | Bitcoin, Litecoin, Ether, Peercoin, Ripple. |
| Supported Pairs | 13 Pairs |
| Alexa Ranking | Italy:51,917 Globally: 609,140 |
If you need Bitcoin in a rush, consider using this website, they offer lower exchange rate for Bitcoin buyers and you can pay with your favorite payment method.
| Account Funding | Credit Card, PayPal, Bank Account. |
| Supported Crypto | Bitcoin only. |
| Alexa Ranking | USA: 30,377 Globally: 97,454 |
Exchange.
| Trading Volume | $1.3M (24h) |
| Account Funding | Only Cryptocurrencies. |
| Supported Pairs | 299 pairs. |
| Trading Fees | less than 0.2%. |
| Alexa Ranking | Russia: 16,805 Globally: 103,541 |
Buy Bitcoin.
With this website you can buy Bitcoin instantly with a Credit Card or a Debit Card without registration. They also offer a platform for trading Bitcoin, Litecoin and Ethereum.
| Account Funding | Credit Card + Debit Card |
| Supported Countries | Over 200 countries |
| Supported Fiat | Your local fiat currency. |
| Supported Crypto | BTC, LTC, ETH |
| Features | Buy Bitcoin or Ethereum Instantly with a Credit Card or a Debit Card. |
| Alexa Ranking | USA: 103,643 Globally: 126,072 |
Buy Bitcoin.
| Supported Countries | 50+ Countries including the U.S. |
| Payment Options | Credit Card + Debit Card + Cash in more than 100k local stores around the world. |
| Advantage | Fast way to buy Bitcoin. |
| Alexa Ranking | USA: 183,686 Globally: 300,204 |
Sell or Buy Bitcoin.
| Account Funding | Credit Card, Debit Card, Bank transfers, Cash and others... |
| Supported Fiat | USD, Gold, AUD, BGN, BYN, CAD, CHF, CNY, CZK, DKK, EUR, GBP, GEL, HKD, HRK, JPY, NOK, PLN, RON, RUB, SEK, SGD, TRY, ZAR. |
| Supported Crypto | BTC, DASH. |
| Supported Pairs | 25 pairs. |
| Supported Countries | 150+ countries. |
| Features | Offers a Bitcoin Debit Card. |
| Alexa Ranking | UK: 19,229 Globally: 30,158 |
Buy or Sell Bitcoin for people from India.
This is an Indian based exchange that only support trading Bitcoin against Indian Rupee.
| Account Funding | Bank Wire. |
| Supported Fiat | INR. |
| Supported Crypto | Bitcoin |
| Supported Pairs | BTC/INR |
| Alexa Ranking | Globally: 26,200 Germany: 37,057 |
Sell or Buy Bitcoin.
| Account Funding | Perfect Money, Paypal, SOFORT Banking, TrustPay, Voucher, Payeer, International Wire Transfer/ SEPA, OKPAY, Credit Card. |
| Supported Fiat | USD, EUR. |
| Supported Crypto | Bitcoin, Litecoin, Namecoin, Peercoin, Dogecoin. |
| Alexa Ranking | Globally: 172,185 USA: 313,065 |
Buy Bitcoin.
Buy Bitcoin or Ether easily and instantly for anyone in the world, specially for Europeans since this is a French company.
| Account Funding | Cash (through prepaid Neosurf ticket), prepaid cards, Credit Card, Debit Card. |
| Supported Crypto | Bitcoin & Ethereum. |
| Advantage | Instant Buy or Sell Bitcoin & Ethers. |
| Alexa Ranking | France: 39,027 Globally: 394,475 |
| Account Funding | Bitcoin ,Paypal , MoneyPolo, OkPay, PAYEER, Perfect MOney, Online bank transfer, Epay, AdvCash... |
| Supported Fiat | USD, EUR, GBP. |
| Features | Offers a prepaid Card service. |
| Alexa Ranking | Germany: 32,042 Globally: 80,659 |
This is an automated exchange platform to exchange cryptocurrencies with a very simple interface. This service provides its clients with the most favorable exchange rates by scanning all other exchanges to find the best price.
| Account Funding | Visa and MasterCard. |
| Exchange Fees | 0.5%. |
| Supported Crypto | ETH, EXP, LSK, STEEM, ZEC, STRAT, REP, MAID, LTC, XRP, AMP, DASH, RADS, AEON, FCN, ETC, XEM, XMR, SBD, NLG, ARDR, LBC, FCT, BCN, DOGE, NXT, DSH, XDN, NBT, QCN. |
| Alexa Ranking | Globally: 71,260 USA: 138,254 |
Buy Bitcoin.
| Account Funding | Perfect Money, ChinaUnionPay, AstroPay, Online Bank Transfer, SWIFT/SEPA. |
| Supported Crypto | Bitcoin, Litecoin, Etherem, Darkcoin, Monero. |
| Supported Fiat | USD, EUR, CNY, RUB. |
| Exchange Fees | 0% - %2 |
| Alexa Ranking | Russia: 63,129 Globally: 63,129 |
Sell or Buy Bitcoin.
| Account Funding | SEPA transfer, SOFORT (Instant bank Deposit), OKPay, MoneyPolo. |
| Supported Fiat | EUR. |
| Supported Pairs | BTC/EUR. |
| Fees | 0% - 0.05% Market Makers 0.1% - 0.35% Market Takers. |
| Alexa Ranking | Germany: 140,867 Globally: 623,057 |
If you are not from Indonesia, you can use this exchange to trade cryptocurrencies.
| Trading Volume | $350K (24h) |
| Supported Fiat | IDR (Indonesian Rupiah). |
| Supported Cryptos | BTC, ETH, DOGE, XLM, LTC, BTS, XRP, XEM, NXT. |
| Supported Pairs | BTC/IDR, ETH/BTC, DOGE/BTC, XLM/BTC, LTC/BTC, BTS/BTC, XRP/BTC, XEM/BTC, NXT/BTC. |
| Alexa Ranking | Indonesia: 1,161 Globally: 52,397 |
If you are not from Thailand, you can use this exchange to trade cryptocurrencies.
| Trading Volume | $200k (24h). |
| Supported Fiat | THB (Thai Baht). |
| Supported Cryptos | BTC, ETH, ZEC, DOGE, LTC, PND, FTC, XPM, HYP, NMC, PPC, XPY. |
| Supported Pairs | 16 pairs. |
| Alexa Ranking | Thailand: 909 Globally: 96,039 |
Sell or Buy Bitcoin.
| Buy Bitcoin with | SEPA transfer. |
| Buying Fee | 2% fee on every transaction. |
| Features | Offers a Visa Debit Card. |
| Alexa Ranking | Argentina: 18,943 Globally: 312,084 |
| You Send | Bitcoin, Perfect Money, OKPay, FasaPay, MoneyGram, International bank transfer, SEPA transfer, local bank transfers in these currencies (CZK, PLN, GBP). |
| You Receive | Paypal, Alipay, Western Union, China UnionPay, MoneyGram,OKPAY, FasaPay, ePayments, Unichange Card, Bank SWIFT, Litecoin. |
| Features | Offers a Debit or Virtual Card. |
| Fees | Varies from 0.05% - 0.35% depending on what you are exchanging. |
| Alexa Ranking | Globally: 80,769 |
Sell or Buy Bitcoin.
| Account Funding | Coinstar, Western Union, Moneygram, Unistream, ??????? ??????, Contact, Ria Financial, Oschadbank, Raiffeisen, Alfa Bank, Privat 24, Visa/MasterCard, SberBank, Tinkoff, Payeer, Advanced Cash, OKPay, Cryptocheck, Paxum, Epese, Perfect Money, Yandex Money, Qiwi, Capitalist. |
| Supported Fiat | USD, EUR, UAH, RUB, BYR. |
| Supported Crypto | Bitcoin, Ethereum, Litecoin. |
| Alexa Ranking | Russia: 167,562 Globally: 742,771 |
| Account Funding | Bitcoin, Paypal, WebMoney, Perfect Money, MG transfer, Western Union, EgoPay, Unistream, Advanced Cash, Ria, Skrill, Qiwi, Contact, Alfa Bank. |
| Supported Fiat | USD, EUR, RUB. |
| Alexa Ranking | Globally: 1,731,383 |
| Account Funding | Perfect Money, PAYEER, AdvCash. |
| Supported Fiat | USD, EUR. |
| Supported Crypto | BTC, LTC. |
| Fees | 0.2%. |
| Alexa Ranking | Globally: 4,050,014 |
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