Analytical agency Tokeninsight presented an updated quarterly rating, which previously ranked the seven largest cryptocurrency exchanges. This time, the list included seven more platforms, which were evaluated on such indicators as trade volume, security, and compliance with laws.Ratings of cryptocurrency exchanges, as well as ratings of cryptocurrency, are very subjective and invariably provoke disputes in the cryptocurrency community. However, they continue to gain popularity. The latest report from Tokeninsight reviews the progress of cryptocurrency exchanges over the past three months in difficult market conditions.
The decentralized Binance Exchange was registered in Switzerland, owned by the Shanghai-based company Beiji Technology, managed by a team of professionals with solid experience on cryptocurrency technologies on Wall Street. The company is headed by Changpeng Zhao, who previously headed the Blockchain development department, and also co-founded and technical director of OKCoin.
The name cryptocurrency exchange Binance received as a result of the intersection of two English words: binary (binary, double) and finance (finance).
HitBTC was built on top of modern technologies to provide fast, secure and reliable service. Customers will appreciate fast order execution, convenient ways to add deposit and withdraw and competitive client service. Newcomers will like intuitive user-friendly interface and easy-to-start platform.
The South Korean Bithumb exchange, which today holds the palm of the championship in terms of the total trading volume, offers traders the opportunity to work with just six currencies: Bitcoin, Ethereum, Ethereum Classic, Litecoin, Ripple and Dash. All currency pairs are tied to the South Korean won, therefore, in order to exchange bitcoins for Ethereum, you will first have to sell bitcoins and buy wonas, and then purchase airwaves on them. The commission for all transactions is 0.15%. For trading on the exchange, verification is required with the provision of copies of documents.
Bittrex Cryptocurrency Exchange is one of the largest exchanges both in terms of trading in crypto currency, and in the diversity of altcoyins. Now it presents more than 190 different crypto-currencies, for trading, in total, 906 currency pairs. Commission for all transactions is 0.25% regardless of their volume. The exchange requires the verification of the account with the indication of personal data for the output of a digital currency with a total volume of up to 3 bitcoins per day and with the provision of a copy of the identity document for output up to 100 bitcoins per day. Entry and withdrawal of funds from the exchange is possible only with the help of crypto-currency wallets.
Backed by trusted investors and used by millions of customers globally, Coinbase Pro is one of the most popular and well-known brokers and trading platforms in the world. The Coinbase Pro platform makes it easy to securely buy, use, store and trade digital currency. Users can purchase bitcoins, Ether and now Litecoin from Coinbase through a digital walletavailable on Android & iPhone or through trading with other users on the company’s Global Digital Asset Exchange (GDAX) subsidiary. GDAX currently operates in the US, Europe, UK, Canada, Australia, and Singapore.
DSX - the UK first cryptocurrency exchange run by the FCA regulated ePayments. DSX enables brokers, funds, corporates, asset managers as well as retail investors to access growing digital securities marketplace. The DSX technology and architecture are carefully designed using the latest techniques, cutting-edge best practices, and in-house intellectual property, to ensure the highest software quality, user-friendly interface, and superb financial industry standards. DSX high liquidity is driven by the growing ePayments client base and the integration with bitcoin merchant acquirers that use the DSX platform exclusively to sell digital currency. This means our traders benefit from the lowest spreads on the market.
Indacoin is a company based in the UK, with its headquarters being in London. With an impressive, modern website and with their announcement on zero fees for execution of limit orders, Indacoin has caught worldwide attention. Indacoin.com is a global platform enabling the quickest bitcoin purchases in more than 200 countries with a credit or debit card and no registration. If it’s the first time you use the card, you will receive a call from Indacoin with a 4-digit code, which should be entered on your order page. After that, you will have to enter a 3-digit code, which can be found on your online card statement next to the charge amount.
On LocalBitcoins.com, people from different countries can exchange their local currency for bitcoins. Site users post ads where they indicate the exchange rate and payment methods for buying and selling bitcoins. You respond to these ads and agree to a personal meeting to make a purchase with cash, or carry out transactions online, by selecting one of the payment methods. Bitcoins are stored to the Internet purse LocalBitcoins.com, from where you can directly pay for purchases.
Currently, 59 currency pairs are traded on Kraken. Commission for operations depends on the pair and volume of the transaction and for most pairs does not exceed 0.26%. It is allowed to deposit and withdraw funds with the help of a crypto-currency purse, or by bank transfer. To start any operations, you need to verify your account: for trading, as well as entering or withdrawing funds from cryptotices, it is enough to specify personal data, you need to provide copies of documents to use the bank transfer. The daily limit of withdrawal of funds in fiat money is 25 thousand dollars, for crypto-currency is the equivalent of 50 thousand dollars.
CEX.io Cryptocurrency Exchange was established in 2013 and is developed to exchange crypto currency for dollars and euros with the subsequent withdrawal of funds received. The work is carried out with many well-known and little-known types of crypto currency, as well as with the dollar, euro and ruble. For the input and output of funds, users pay a nominal commission, since everything runs in automatic mode, the money is deposited on the account almost instantly. At the moment, you can withdraw funds to cards from Mastercard and Visa, as well as use the service of withdrawal to a bank account. In addition, the withdrawal of funds with Skrill, SEPA, AstroPay has recently become available. The work of the exchange is carried out in Russian, Chinese, Italian and English.
At Bitfinex, you can trade 35 currency pairs, which include the US dollar, as well as the most liquid at the moment, crypto-currencies. Commission for operations depends on their monthly volume and is up to 0.2% for the buyer. In addition, the exchange has a commission for withdrawing funds, which depends on the specific currency and is 0.0004 bitcoins or 0.1% of the amount (minimum $ 20) when withdrawing in dollars. To register, trade or transfer from a crypto-cheater it is not required to indicate personal data, however, when placing funds in dollars or withdrawing them to a bank account, verification with the provision of documents is required.