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  www.binance.com

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Binance is the first popular exchange we review. It was founded in September 2017 and at the beginning they were located in Shanghai. Due to some regulations, they had to relocate to Hong Kong. This project managed to gather a total amount of 15 million dollars as a part of ICO. 20000 traders took part in it.

Binance is an exchange without the need of verifying anything. It concerns everyone, who doesn’t exceed the 2 BTC per day limit. User-friendly interface as well as intuitive design let the users browse the dashboard and make use of vast number of cryptocurrencies offered by the company. This particular advantage resulted in many different options in trading. What’s more, the authors of the project cooperate with the users, adding currencies they wish to see. It’s great and it was created solely for the purpose of users!

Investing people will certainly be attracted by very low fees. There is; however, one minor inconvenience. In here we can see the lack of support for FIAT currencies. It means that we are not going to be able deposit or withdraw US dollars, euros, or British pounds.

The access to applications for mobile devices and their PC versions is certainly an advantage. Thanks to that we are given with stable and fluent transactions. Thanks to 2FA security, we can also be sure that our application is safe.

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binance review
Pros: low fees on transactions and withdrawals, Bounty and reward programs for the community, high volume, possible to use 2FA or SMS auth

Cons: iOS application is not available at App Store, some bugs in mobile apps
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  www.bittrex.com

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Bittrex is located in Las Vegas, and it is an American cryptocurrency exchange that will give you access to many different funds. However, we can see here very poorly made verification process, which is a disadvantage. It takes more than a week for the support to verify your account and the contact with them is tragic. Even if we somehow manage to get the answer, then we will have to wait quite a long time for that. What’s more, you are required to send scans of your documents and give them a selfie while holding your ID card.

Another issue is related to its fees. Bittrex looks poor in this aspect when compared to competition. We should also draw our attention to the number of transactions users perform. It shows the true scale of the feeing problem. When it comes to pluses, we should mention the platform itself. It is very clear and user-friendly. Thanks to intuitiveness, it can be used by anyone. Unfortunately, it is very slow and because of simple design, it won’t attract many people. The lack of their own, authorship application is a problem. However, our accounts are secured with 2FA verification.

We encountered no problems with payouts. Nevertheless, there are situations, where wallets of users are frozen due to service work. It can be very annoying when you want to invest in cryptocurrency or sell it and then you realize you are blocked.

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Pros: vast volume, very stable, amazing offer of cryptocurrencies

Cons: high fees, poor support service, the company located in United States
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kucoin review logo

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  www.kucoin.com

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KuCoin exchange can be found in Hong Kong and it can boast with growing number of users from the whole world. Their success is the result of the fact that KuCoin introduces more and more surprising cryptocurrencies and solutions. Clear interface and content presented in a simple way brings this platform to very low difficult when it comes to browsing. You don’t have to verify your account on KuCoin. This exchange can boast with small fees for transactions and even lower fees when it comes to depositing and withdrawing money. Let’s not forget about protection system of your accounts that is supported by 2FA verification in two situations: while logging in to the service and then while trading. Thanks to that, your account won’t be stolen.

KuCoin is well known for its stability, a lot of offers of the popular currencies, and the less popular as well. If you have a look, you will see that most of them land on Binance or Bittrex later on. Since KuCoin is first, they enable us to purchase them at lower price and then later on sell it at higher. Unfortunately, the exchange doesn’t support trading with FIAT currencies. Still, their presence on the market combines with small fees make this service very interesting for traders.

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kucoin review
Pros: small fees, stable service, vast offer with less popular digital currencies, no verification requirements

Cons: some cryptocurrencies have got lower volume
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  www.coinbase.com

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Coinbase is a digital currency exchange located in San Francisco, California. There are many different Coinbase opinions. On the one hand there are fans of the service, who find this place the best location for purchasing Bitcoins. On the other hand, there are people, who claim the services offered by this company should be much better for the customers. We can use FIAT currency to add our funds. We pay almost nothing for SEPA transfers. Sadly, traditional currencies limit to just two – USD and EUR. Before changes, the service offered two other currencies: Canadian dollars and British pounds. You have to verify the account to enter Coinbase.

It is ironic that purchasing or selling funds for 1 euro will cost us commission of 0.99 Euro! This is one of the highest provisions. As a result of high fees, this is not a good place for regular traders. However, this can be great for your first Bitcoin purchase.

It is ironic that purchasing or selling funds for 1 euro will cost us commission of 0.99 Euro! This is one of the highest provisions. As a result of high fees, this is not a good place for regular traders. However, this can be great for your first Bitcoin purchase.

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coinbase review
Pros: stable, trusted by many people, nice design, easy when you are verified

Cons: verification needed, only few cryptocurrencies available
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changelly review logo

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  www.changelly.com

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Changelly is not a digital currency itself, but a software that provides us with extensive research of other digital currencies, including Poloniex, Bitfnex, and other platforms, showing us their current rates. This program is used for converting cryptocurrencies. You just send one type of currency, and then get another one instead. Excellent offer we are using from time to time.

In order to exchange currencies, you have to choose the source and target cryptocurrencies. One you do that, you are going to receive the address where the specified amount needs to be transferred. A moment later the cryptocurrency of your choice will be sent back to you. Remember that the amount of cryptocurrency you get will be reduced for the provision. In other words, this is a middle-man we truly recommend, since we didn’t encounter any troubles.

Big advantage of Changelly is the possibility of buying cryptocurrencies using a credit card.

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changelly review
Pros: purchasing cryptocurrencies with credit card, intuitive website

Cons: higher fees, no trading option, exchange limits
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poloniex review logo

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  www.poloniex.com

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Poloniex can be found in the top 10 of the most profitable exchanges in the world. Founded in 2014 in US, they are very experienced group that doesn’t require from you verification process if you are not going to exceed the daily limit of $2000. In recent months we could notice some huge troubles in the company. Being near bankruptcy, they authors decided to sell it to Circle for the amount of 400 million dollars. Now, the SEO is claiming that they will be developing Poloniex quite rapidly. Their goal is to create the exchange solely for the purpose of cryptographic assets. They wish to create a solid, advanced, and very expanded market with tokens being able to represent everything that has some kind of value: all types of material goods, or even real estates.

What is the future of this company? Are they going to fulfil their promises? We just need to wait but for now, we are going to wait. In current situation, we do not recommend them, but if something changes, we will be the first to test it.

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poloniex review
Pros: margin trading, good liquidity

Cons: slow website, lacking support, some negative reviews in the Internet
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bitfinex review logo

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  www.bitfinex.com

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Bitfinex is a very simple and problem-free cryptocurrency exchange that was established in Hong Kong in 2012. They distinguish from others with leverage trading and the possibility to trade automatically on the exchange. However, we will have to wait 2 weeks for the support to verify the account. What’s more, we will have to provide a lot of personal details during the process of registration – much more than in case of creating a normal bank account.

We spent quite some time on performing transaction in here and from what we know, the support is lazy when it comes to answering inquiries and some withdrawals can stuck in “processing” status for a long time. That is why it is better to verify yourself because if you do that, the support will be much more interested in helping you. Because of that, we are disappointed with their attitude and that is why once we can, we will take all our funds and move it to the exchange with better fluency.

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bitfinex review
Pros: old and trusted exchange, possibility to deposit or withdraw fiat currency, high volume

Cons: verification is needed
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kraken review logo

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  www.kraken.com

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Kraken can be found in San Francisco in United States. You have to provide the service with ID scan and document confirming your place of residence before you deposit your funds there. Their pluses are the option to sell your cryptocurrency for traditional currency directly and then withdrawing your FIAT currency to your back account. EURO payouts take approximately 24 hours and the fees are small. There will be no troubles with using it.

However, there are some troubles one can encounter on the way to trade fluently. Their names are error 520, error 505, and invalid response from the server. These error windows pop out quite often, so we may lose our temper while making a transaction, especially when there are a lot of people visiting the page. It happened some times that we found ourselves in very awkward situation, where we couldn’t purchase the currency because their system was failing. This thing needs to be changed, otherwise their client base is not going to grow.

We believe that this service is great only for FIAT - digital currency transactions as a result of their problems. That is why we strongly advise against trading during the day.

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kraken review
Pros: highly respected exchange, low transaction fees, professional trading platform, margin trading

Cons: limited payment methods, not suitable for beginners, sometimes not available website
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cryptopia review logo

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  www.cryptopia.co.nz

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Cryptopia is an exchange for cryptocurrencies seated in New Zealand. Their popularity is getting bigger and bigger every time and it is all thanks to new users, both professionals and amateurs. We can see here huge number of cryptocurrencies that amount near 400. It includes BTC markets, USD, Ether, New Zealand dollar, Litecoin, and many others. The design of the page is hideous, but it offers a lot of advanced options. Besides exchange service, one can see here forum that provides us with information on digital currencies, news related to cryptocurrencies, and many other additions like auctions, where we can purchase almost anything with this currency.

The service offers us the possibility of deposits with small interest rate that amount near 0.5% every month. We can also find here lotteries, where gambling people can spend their time there. Protection settings are also very interesting. However, one of the main pros of this cryptocurrency exchange is vast number of offers we can choose. It surely deserves a place at the top in our personal rankings.

Cryptopia is also an exchange that can boast with pump & dump transactions in one of the biggest numbers! It results from smaller cryptocurrencies and their small volumes. No problems with withdrawals or deposits – yet another pros of using Cryptopia. The whole service is clear, good-looking, and very effective. Let’s hope it lasts as long as it is possible. However, since we couldn’t test the support services, it is difficult for us to know if the contact with support is easy and how fast they reply on our answers. Right now, we recommend using this exchange.

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cryptopia review
Pros: great offer cryptocurrencies with small volume, no verification needed

Cons: many pump&dump cryptocurrencies
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yobit review logo

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  www.yobit.net

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YoBit is a cryptocurrency exchange located in Russia. We are not going to show you its pros and cons, since the only comment worth writing is the fact that the funds we added in there disappeared. We are quite sure that we are not going to get them back. This aspect itself should be enough to know to stay away from this project. YoBit is one of the biggest, legally working scam exchanges available on the market.

Do not use their services unless you want to lose their money before even entering the world of cryptocurrencies. There is no such thing as Support service. There is no one to answer our questions. The last time we ever cooperated with Russian platforms.

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yobit review
Pros: competitive fees, fiat currencies accepted, lots of altcoins, decent trading platform

Cons: bad support, high withdrawal fee, some bad reviews in the Internet
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localbitcoins review logo

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  www.localbitcoins.com

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LocalBitcoins has definitely earned the title of one of the best platforms when it comes to selling or purchasing Bitcoins with many different payment manners. We can choose from many options like for example using gift cards to Amazon, “face2face” selling or buying, selling via regular SEPA transfer systems, and many others. Once you register, the service will offer you your own BTC wallet. There it is possible to deposit and withdraw your digital currency. Thanks to escrow, our transactions are completely safe. How does it work? Well, if you wish to sell, you just open the order, wait for the money to be transferred, and then you confirm the receipt. After that the second party will receive funds.

LocalBitcoins offer great services and throughout many years we’ve tested quite a lot of features. Up to this moment there were no problems whatsoever. No need for verifying account, so we can stay anonymous to some extent. The service is worth recommending.

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localbitcoins review
Pros: great idea, easy to use, no verification needed, private and fast, escrow

Cons: need to be careful - scammers
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hitbtc review logo

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  www.hitbtc.com

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HitBTC is a digital currency founded in Hong Kong that has been on the market for quite some time now. One of the most distinguishable features is vast option of cryptocurrencies. We have a lot things to pick from. The feature of chat is great for communicating between users. “TrollBox” is a feature worth mentioning. This function saved our funds several times already, when we were close to making a transaction by accident. In some cases it occurred to be helpful in earning, like when we made a profit after one of the cryptocurrencies had a successful redesign. HitBTC is a website prepared in a very attractive and user-friendly way. You are not going to get lost while browsing it.

The most essential advantages are as follows: being anonymous, no verification required, easy to operate service, uncommon cryptocurrencies available to purchase, panel with cryptocurrency trades.

Even if there are some negative comments on their services, this project offers problem-free transactions. Of course there is also a support service we didn’t test, but so far we recommend them.

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hitbtc review
Pros: user friendly website, no verification needed, great offer, chat

Cons: fees, bad reviews in the Internet
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bitstamp review logo

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  www.bitstamp.net

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Bitstamp can boast with full license regarding digital currency exchange services in the European Union. They have been operating for 7 years now. They are known for safety and trustworthiness, and this is why they are so long on the market. However, we have to verify ourselves by providing them with ID scan and the bill confirming our residence address.

However, in here we can see small number of digital currencies. It doesn’t change the fact that many people use their services, since they offer direct SEPA transfer. It is very popular because the cryptocurrencies available in here has got high daily volume. Small provisions are another advantage.

Bitstamp distinguishes itself with stable and safe transactions and that is why we recommend them. If you wish to perform transactions with the top cryptocurrencies like ETH, LTC, XRP, or of course BTC, or you just wish to make some FIAT - digital currency transactions, this exchange is a great option.

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bitstamp review
Pros: safety, old trusted exchange, possibility to deposit or withdraw fiat currency, based in EU

Cons: verification is needed, only few cryptocurrencies
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bitbay review logo

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  www.bitbay.net

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BitBay is a Polish, the most popular exchange with digital currency. In here we can see the following FIAT currencies: PLN, USD, or EUR. However, there is a low volume of cryptocurrencies.

Commisions are quite large, payouts can be delayed and with some problems, and the support is not always there to help us. It is also worth to notice that rates presented at BitBay may vary from the ones we can see at larger digital currency exchanges.

You should also draw your attention to the fact that in Poland the law regarding cryptocurrencies is a bit backward. In other words, this service is not a certainty, especially when we take into account the fact they have been listed on KNF public warnings.

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bitbay review
Pros: possibility to deposit or withdraw fiat currency, withdrawals in ATM

Cons: low volume, support, limited availability of cryptocurrencies, based in Poland
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  www.bibox.com

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Bibox is recently released cryptocurrency exchange that is characterized by artificial intelligence being integrated to the transaction processes. Thanks to that our trading is supported. It gained some popularity, but they are still a bit unknown. Because of that, volumes are low. Bitbox guarantees very fast and problem free payouts as well as small commissions for trading. More and more digital currencies occur on the market.

At this moment there are no specifics regarding this service, so we will come back to review it fully once we know more about them.

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bibox review
Pros: low fees, gret design, ai implementation, fast deposit and withdrawals

Cons: new cryptocurrency exchange
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