Bitcoin Forum

What Is A Cryptocurrency Exchange?

A cryptocurrency exchange allows the investors to buy, sell or trade cryptocurrencies(either from fiat to crypto or from crypto to crypto). The cryptocurrency exchanges mostly support the top 20 cryptocurrencies by coinmarketcap. People look out for the security of their crypto holdings, hence they would prefer exchanges that offer great functionality, is user-friendly and secured.

Now, let us have a look at the best cryptocurrency exchanges in 2019:

#1 Coinbase Pro:

Coinbase Pro was one of the early cryptocurrency exchange platform, founded in 2012, based in San Francisco, with a valuation of around $1 billion. Coinbase Pro helps enable withdraw and deposit funds easily. It offers competitive fees, advanced trading features, and deposit options. IT is insured by the New York Stock Exchange and Andresseen Horowitz.

Supported Coins: BTC, ETH, BCH, LTC, ETH, ZRX, BAT

Trading volume: $102,333,155

Pros: Fully regulated in the United States, Competitive Fees

Cons: Not ideal for beginners, very fewer altcoin pairings for Australians


#2 Binance:

Binance is the world’s biggest cryptocurrency exchange which works like an ecosystem, comprising of an exchange, wallet, Labs, Charity info, etc as stated by the CEO- Changpeng Zhao. Binance has its own coin called Binancecoin(BNB) which comes with a discount when there is crypto-to-crypto payment. Binance supports over 130 tradeable cryptocurrencies and is one of the best exchanges to buy cryptocurrencies.

Supported Coins: Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, DASH, Litecoin, NEO, GAS, ZCash, Ripple and many more.

Trading Volume: $725,673,705

Pros: Low transaction fee- around 0.1%, not exactly suitable for the beginners as it has two versions of trading- basic and advanced with not an easy-to-use interface.

Cons: You can’t use or exchange with fiat, can’t margin trade or short sell.

#3 BitMex:

BitMex is one of the premier Bitcoin exchange platforms across the world, based out of Hong Kong. As the name suggests, BitMex( Bitcoin Mercantile Exchange) is a trading platform for Bitcoin, the largest cryptocurrency by market capitalization. There have been reports that BitMex has had experienced over 2 billion USD transactions that have happened in 24 hours.

Supported Coins: Bitcoin, Cardano, Bitcoin Cash, Ethereum, Litecoin, EOS, Ripple

Trading Volume: $1,459,963,531

Pros: You can buy leveraged contracts like future or perpetual contracts from BitMex. You can short sell and margin trade.

Cons: Only one cryptocurrency is available for trading and does not accept any US-based payments as it's not available there.

Read here  the details about exchanges: https://coinswitch.co/news/10-best-cryptocurrency-exchanges-for-crypto-trading-in-2019

I have been a fan of binance as they are becoming more than a crypto exchange perhaps a complete crypto trading and support ecosystem they are also soon launching their state of the art dex they have already launched quality icos on their main platform they are also investing in many quality projects worldwide so binance is the most pro active project i have seen as an exchange.

Though Binance is the best crypto exchange, but I love Coinbase and Coinbase Pro. I think Trade exchange will be a new sensation in this year. Last year, they launched the exchange and from then to now, they are making new updates, developments and new features gradually. Tradeio ICO was ended in December 2017, so, it is a new exchange. In my personal top 10 favourite exchanges list, tradeio is a new name.

coinbase may be good but the choice of coins in exchange is still small. I use binance more because there are many choices of altcoins that I can trade there. the trading volume and security of the platform is quite good. so I don't need to worry about hacking problems that have recently happened a lot.

Idex for me when we are talking decentralized exchange.
Binance for centralized but I dont stay there for too long. It is scary. A lot of money is inside that exchange and a scam might happen anytime.
Yes, and it will be behind a reason of bankruptcy or they are hacked or something.
Be really careful with this.  ;D

If there are serious vulnerability issues about centralized exchanges then it ir meaningless to be careful from my experience. Dexs are safer but unfortunately, these type of exchanges are limited. Binance is best after Bittrex if we talk about overall experience. Crex24 and Cobinhood should be in top 5 list that marked by professional traders

Coinbase Pro? What is it? It's also the same as Coinbase or it's different or just a product of Coinbase team? Sorry but this is the first time I heard about Coinbase Pro. Until now, I still believe that Binance is the best cryptocurrency exchange because of its high trading volume and quality of cryptocurrencies listed on this exchange.

Totally true. Even if they have good reputation, still I don't want to take the risk of storing my coins in their exchange.
Better be safe than sorry, right?
Hacking or inside job is always possible in every exchange. People will always find a way to steal money.

And trading various coins is not limited only to those top 10 exchanges. Some coins can't be traded with them.
So it is really up to what coin you are holding, and which exchange would give you the best deal considering their fees, duration of txs, and others.

Majority is using Binance and I recently just got to register with xch4nge.

---

It is quite looking good exchange that I've registered with. They support few coins in the moment but they are very active with their customers.

---

IDEX is also a good exchange that I've been using in time, not totally decentralized but there's a good volume behind it.

Probably and I'll make sure to you the best cryptocurrency exchanges site for crypto trading for this year and the next few years  still no. 1 is the Binance because this crypto exchanges site have a lot of user and also a lot of coins has been listed and more new coins want to listed to binance because a lot of volumes of trading everyday happening in Binance and for sure people really see that. This is for me only and everyone have different think for best and by ranking exchanges.

I consider Binance the best cryptocurrency exchange platform. The platform has the easy and user friendly interface compared to other exchange platforms. Depositing and withdrawing your crypto coins on Binance is fast and easy to do so. You don't really need to verify or pass kyc before you can withdraw your coins. For me, I wished all crypto coins will be listed on Binance.

For a current situation, Binance and Bitmex can cover the trading needs but alternative exchanges should take this competition seriously. After analyzing the fees,Binance beats others in both terms of price and time. Do you have any suggestions regarding the exchanges that it is possible to convert crypto to fiat or another way around?

The best binance exchange at the moment, big volume and provide daily profits for me.
I give an example, BTT at binance has given me a big advantage.

Binance is my first priority. Because with large volumes and various coins, I can do comfortable trading activities. And they have several types of orders that can be used for my money security. Stop-loss.

I would give my vote of confidence to Bitmex and Coinbase, the others have a very good reputation, but you should seek protection for your operations, in the case of Bitmex a somewhat strange arbitration, but the one that when you operate you will be able to understand it, what if I defend Bitmex is that you can place your Stop Loss and Take Profit in the operation, the other Exchanges do not, and Coinbase because it is an Exchange that accepts Euro.

I have been on binance, a great exchange and much volume for trading. And i have not tried yet coinbase, maybe next time i would. I hope that in the future so many trading sites and exchanges that are convinient to the crypto enthusiast to trade and sell their altcoins.

Thank you for your valuable opinion.
Now, its time for getting rid of all the challenges, and get the collaborative and additional benefit, that any single crypto exchange can provide in a single platform. Let’s talk about the platform, which enables the users to trade seamlessly in just three clicks.


CoinSwitch (https://coinswitch.co/) is not an exchange, but a crypto exchange aggregator, which has the benefits of all the exchanges put together. Not only that, CoinSwitch lets the user get the optimum benefit by letting the user choose the best price amongst the price from the exchanges. The best part is that you will get the security at the most competitive rate and that too, without revealing your personal details. CoinSwitch has its own API, which you can use for your custom made products or services.

If you refer a person, you get 5$ in BTC after the successful transaction. You get to know about every crypto-trading pairs, their highest conversion rate in the last 24 hours, the conversion rate and the trading analytics on a particular coin or crypto pair.

CoinSwitch supports more than 300 cryptocurrencies and has an instant crypto converter. The best part is that it is partnered with exchanges such as Binance, Bittrex, HitBTC and many more

If we see it from the regulation, in my opinion Liquid is good exchange because has fully regulation in Japan and they provide No trading fees for base currency pairs. But from the daily trading volume the best exchange will be Binance. Binance should be add OCO order so all trader possible to use stop loss and take profit at the sametimes and add more stable coin pairs. Other exchange that the quality increase is Gate.io because they provide spot trading and margin trading in one platform.

I use Binance and recently began to use ChangeNOW, where I do not register, exchanging coins. I used Bittrex earlier, but they blocked my account for a while and I turned away from them.

Personally, I liked Binance.  There have been no complications with HitBtc yet.  I try not to keep assets on exchanges.  I deliver, exchange and withdraw to wallets. 

I do not even know them in such a large number, although today there are really a lot of them, but they are all centralized today. Therefore, I do not see the point in saying that they are good for trading. All this is just talk.

Your title says 10 but you posted only 3. Anyways, i used Binance and to be honest was satisfied with their system, accept for being laggish sometimes (haven't used it for a while though, so not sure how it is now). Can't vouch for their support system (which most of the exchanges are shit at) since i never had to use it. For a casual trader, this exchange is actually a very good choice.

For me Binance is the finest and most trustful cryptocurrency exchange. But there are some more great exchanges that i work. Bittrex is one of the best one, they have great customer services and their interface is great. Also i Bittrex is very easy to use. Also i work with Hotbit, Gate io, livecoin, kucoin, Coinbene and Crex24. And i also never want to work with LA Token and HitBTC, they have terrible services.

For me the best cryptocurrency exchange is only Binance and the 2nd place is OKEX. I am always use both of this exchange but i more prefer to use Binance. Everyone know Binance and absolutely everyone in crypto likes to trade using Binance platform.

since the bitcoin leap at the end of 2017, the exchange that I used to like now is all a scam. and the others have also been defeated by new exchanges that are indeed better and bigger. Poloniex is a good exchange first  :'(

In the above list, I like Binance. Both of coinbase and Binance good. Binance is much bigger than coinbase. Mostly specific exchanges are used by the traders. For the bounty hunters, any exchange good expects scams.

A few days ago I came over CODEX (https://codex.one/) and it looks like a new good exchange. They are EOS-oriented and have also their own coin where hodling brings you benefits. I've not yet tried it to buy tokens there but it looks very good for me.
I'm also wearing the signature, it's managed by Julerz12.

Coinbase maybe the most secured and reliable exchange but it doesn't available in my country so I choose Binance for my top 1. Huobi and Okex follows. There's a fact that so many emerging exchanges have higher daily volume than Huobi and Okex but according to a recent study, most of them are fake volumes.

There is a lot of exchanges deals with digital currency but only some exchanges having a bulk trading & almost all well-known tokens listed there.
From these exchanges Binance, KuCoin, HitBtc, Bittrex, OKEX & IDEX are best exchanges.

Personally, i don't think there are 10 good exchange.

So far, binance, coinbene, idax and kucoin has earned my trust. I can't say even a 5th one.

my favorite exchange is binance because it is very easy to use, and is really complete has so many altcoin listed, has a cute interface you can do withdraw without kyc up to 2 btc per day, for tokens that possibly i do not find on binance i use dex

I really think that Binance has a good interface as well and for that, I had bought Binance coin when it's about to get hype, I get myself lucky getting a raise of value on the amount that I consume and that all fails because of the bearish market, But actually I think the Binance Exchange was the exchange that has a great variety of coins and has a UI interface that is very familiar for me, And next exchange that I have been using right now was Coinbase Pro I guess this exchange was OK although It's service was only in limited countries.

I think in 2019 will be a good year for decentralised exchanges. Centralised exchange are always here and many of them really doing great. But in recent time their are many decentralised exchange coming and many other first them will be good as centralised exchange. Binance dex is coims , Nash is promoting them very well. Switcheo  is one of the best dex ever. And people are getting attracted by this exchanges. And centralised exchanges will be more big. Hope for best and hope that this year will be a good year for trading.

Be careful this website: coinswitch.co is not safe! My antivirus reported is as a phishing site.
You should delete the website from the post cause it is not safe.

I prefer binance because there are many choices of coins and as long as I use the exchange, I have never had a problem. because of this I like binance. but sometimes I've also used coinbase and bittrex. I usually use this exchange only for trading bitcoin and ethereum.

For me, the best cryptocurrency exchange is Binance. There are many altcoins, good trading volumes. Also at Binance spend ICO projects. Many people seek to participate in these ICOs.

The BTT has given everyone an incredible opportunity, and the finance thus showed what it can do. Fetch has already done x4.5 for those who bought at the ICO stage, now a queue of projects will form at the binance launchpad.

Is there any announcement about new ICO's on Binance?

I wonder that how long it will keep goes like that. Those who can buy fetch are very happy today.

Well, I think also that binance is currently a top exchange, due to the fact that the exchange has a lot of coins and good liquidity of coins , I think it will be very long in the top!