The 5 Best Crypto Exchanges for 2019
As 2018 draws to a close, buying bitcoin and other cryptocurrencies has never been easier. There are thousands of exchanges to choose from, so which one is best? There’s no one-size-fits-all exchange; the best for you depends on your personal needs, preferences, and location.
From ease of use, to security, anonymity and more, we’ve analyzed over 100 top exchanges to narrow down the winner in each of five categories:
- Ease of use
- Lowest Fees
Explore our top picks and find the best exchange for you!
1. Coinbase: Best Ease of Use Exchange
This exchange is best for: Beginner traders and consumers looking for their first crypto exchange
Whether you’re planning to make your first crypto purchase or are just looking for an easy-to-use exchange, Coinbase is hard to beat. Founded in 2012, Coinbase makes buying and selling cryptocurrencies ridiculously easy. Signing up is a breeze and Coinbase’s familiar username and password system makes managing cryptocurrencies as simple as managing a Netflix subscription. Coinbase has one of the sleekest, most intuitive mobile wallets in the business and offers the best crypto experience on mobile.
Coinbase is the go-to exchange for crypto newbies due to its highly transparent fees, excellent 24/7 customer support and range of convenient payment options. Whether you want to buy crypto using a credit card or withdraw funds to your Paypal account when you sell, Coinbase has got you covered.
To ensure full regulatory compliance, Coinbase only offers a small range of cryptocurrencies (BTC, BCH, LTC, ETC, ETH, etc.) but it takes the hassle out of security, too. On Coinbase, all crypto deposits are fully insured, 98% of customer deposits are stored offline, and the USD deposits of US customers are fully FDIC-insured up to a maximum of $250,000. What’s not to love?
2. Kraken: Best Security Exchange
This exchange is best for: Consumers and traders looking for the most secure crypto exchange
If you’re looking for the most secure exchange, look no further than Kraken. Earlier this year, Group-IB partnered with Swiss insurance broker ASPIS SA (owners of CryptoIns) to publish their annual Crime Trends Report. They studied the cybersecurity precautions of 20 major crypto exchanges and their report provided a methodology for determining which exchanges were the safest. According to the report, US-based Kraken is the safest exchange with the best cybersecurity precautions.
Available worldwide, Kraken is extremely transparent, offering regular proof of reserve audits. It accepts a wide range of cryptocurrency and fiat deposits (USD, EUR, GBP, JPY, CAD) via electronic funds transfers, bank transfers (SEPA) and wire transfers and always maintains industry-leading security standards. Kraken’s comprehensive approach to security is the best in the industry.
If you’re extremely security conscious and want to purchase insurance to cover your crypto deposits, Kraken is the best exchange to use. As CryptoIns uses the methodology from Group-IB’s report to set insurance premiums, using a Kraken wallet will give you the lowest possible premiums, making it the default choice for discerning traders and investors.
3. Binance: Best Choice Exchange
This exchange is best for: Traders wanting the greatest choice of trading pairs
Binance is one of the world’s most popular crypto exchanges with an average daily transaction volume of over US$600 million. Headquartered in crypto-friendly Malta, Binance is a well-respected crypto-only exchange that offers an unparalleled number of trading pairs. If you’re looking for the largest selection of cryptocurrencies, Binance is the exchange for you. There are no fees for deposits and a standard trading fee of just 0.1%. If you use Binance’s own cryptocurrency BNB (Binance Coin) to pay your trading fees, you get a 50% discount!
Given its large trading volume, Binance is one of the best exchanges for offering regular airdrops and unbeatable promotions to its users. It is also very quick to respond to hard forks making it a great place to store Bitcoin or Bitcoin Cash. If and when another fork happens, you won’t have to wait long!
4. Changelly: Best Anonymity Exchange
This exchange is best for: Traders looking for a completely anonymous exchange
If you’re looking for complete anonymity, Changelly reigns supreme. You don’t need to complete any signup procedures, ID checks or Know-your-customer (KYC) verification checks to start trading. Changelly primarily offers lightning-fast crypto-to-crypto swaps but it also lets you buy crypto with a Mastercard, VISA or any 3D-secure credit card from anywhere in the world.
To trade any cryptocurrency for another within seconds using Changelly, you simply transfer the funds to Changelly from your wallet. Changelly then searches for the best market and makes the exchange before delivering your funds to the recipient wallet.
Changelly charges a flat-rate of 0.5 percent for any crypto-to-crypto trade and lets you remain completely anonymous. If you want to buy any of the 130 cryptocurrencies listed by Changelly, all card payments are handled by third-party providers Simplex and Indacoin. Therefore, your Changelly account contains no financial or personal information. Credit card fees are 5% and the Simplex or Indacoin fee is 5% or a minimum of $10.
If you just want a hassle-free way of buying crypto anonymously, Changelly is it!
5. CredoEx: Best Exchange for Low Fees
This exchange is best for: Beginners and traders looking for an exchange with the lowest fees
CredoEx was designed by BitBounce, an email service that pays you for emails you receive from unfamiliar senders. With BitBounce, you essentially put up a paywall on your inbox to stop spam emails an earn BitBounce’s own cryptocurrency – Credo – when receiving emails from people you don’t know.
CredoEx was built from the ground up using Elixir and offers industry-leading security features including a bug bounty program to identify potential security flaws and a dedicated team of compliance and data protection officers. Best of all, CredoEx charges $0 for deposits and withdrawals of virtual currency to an address off the CredoEx platform, making it the best value exchange and our pick in the lowest fees category.
As an incentive for early adopters, there are currently no fees for network transactions, such as the Ethereum GAS fee, for trades made on CredoEx. So, if you’re looking for the lowest fees, CredoEx is worth a look.
CredoEx offers a number of cryptocurrencies to trade including Bitcoin, Ethereum, Litecoin, Credo, TrueUSD, and others.
If you’re looking for the best crypto exchange of 2019, hopefully you found our list helpful. Our list reflects that fact that everyone has different needs. While many exchanges tick many of the boxes, no exchange ticks them all. Which exchanges did we get right? Which exchanges did we miss? Tell us in the comments section below about your top exchange picks for 2019!