the top cryptocurrency exchange platforms allow you to invest in alt-coins
There are alternatives out there though. A friend of mine who is well connected in the crypto space, Derrick, has teamed up with the legendary Diggy Dirk and created a platform for newbie cryptocurrency traders and enthusiasts Keys To Freedom.
Some reports of long waiting time for withdrawals
Dont worry, well cover all this and more.
Obviously its important that you do your research and do not just randomly buy up cheap coins, research is crucial here stay tuned for my 2018 top picks for coins to invest in post coming soon!
There are other cryptocurrencies out there which excite me FAR more than Bitcoin.
While some people get freaked out by safety issues surrounding crypto, these days the exchanges have a ton of measures in place to stop hacking attempts and whilst this can be a tad irritating complex verification processes are standard when joining many new exchanges its for the safety of your cash and the cryptocurrency community.
Often, I sell half of a position when a coin triples in value this gets my seed money out with a 50% profit and leaves the other half of the position in their on the long term.
Some of the fastest trades on market (hour or more done in less than 10 seconds)
Its very very easy to make mad money when the market is on an upswing, less so when cryptocurrency enters a bear market. Talented traders, and those with information, can make money on the way up and on the way down.
Cryptocurrency is exploding like a beautiful volcano filled with gold, and because of this, the world is in a crypto-frenzy. Millions of new people are trying to sign up for memberships to cryptocurrency exchanges, which have in turn completely overwhelmed the cryptocurrency exchange servers and forced many of them to pause new user registrations. At the time of writing multiple exchanges are not taking on new members.
Altcoins are more affordable than Bitcoin, Ethereum or other well established cryptocurrencies and crucially if you pick the correct altcoins wow, those babies can fly!
Bittrex is one of the top bitcoin trading platforms
Start trading crypto on BitFinex now!
As youll see when we analyze the best cryptocurrency exchanges, some platforms (Coinbase, Coinmama, etc) only offer a handful of coins. Sure, the popular coins are easy to find, but the largest chances to profit are usually with the cheaper coins.
Me watching my cryptocurrency stocks soar (not really, I think I saw a bug or something)
Some of my single biggest profits have been from investing in coins that are fractions of a cent, and only available on one or two exchanges, before they blew up.
Owning the largest share of the US market, Bitfinex has had quite an up and down run. In 2016 the platform was hacked which resulted in the loss of 72 million USD worth of Bitcoin. Yikes. But! The hack did little to the companys loyal customer base, as they have improved security measures, and they continue to dominate the largest cryptocurrency market on the planet.
But unforutnately, in spite of all that goodness, its difficult for me to recommend Coinbase, as they seem to oppose everything that a decentralized currency actually is supposed to be. They are funded by major banks, are run by ex-Goldman Sachs executives, are in compliance with the IRS,and have been guilty of countless other acts of crime against the entire concept of what cryptocurrency should be.
But unfortunately, Bittrex is not currently taking on new members.
I believe the best cryptocurrency investment strategy is to invest in a portfolio of varied and exciting coins picking these up when they are new to the scene, and still relatively cheap, is the optimum move.
Whilst I am not a member of this community myself, many members have reported tripling their investments by following Derricks advice.
While 95% of people wont use Coinmama as a cryptocurrency trading service, it technically can trade cryptocurrencies, as Coinmama works with both Ether and Bitcoin.
Why you need to have accounts with multiple cryptocurrency exchanges
24/7 email (and support tickets on social media)
I am not your guru. Im a crypto enthusiast, not a professional trader, and I make plenty of mistakes. There are a huge amount of gurus and experts out there but the truth is that many of them havent got a fucking clue what they are talking about. Opinions in cryptocurrency are like assholes, everybodys got one. Its extremely easy to predict the market and hell, everybody seems like an expert, when cryptocurrency is experiencing a bull run.
Binance The best overall platform (Currently Open!Register now here!)
Bittrex Location Seattle, United States
I have heard about crypto currency for years and obviously should have taken it more seriously back then, but can only look forward and not back. The reason I say this is bc I really appreciate you putting together all this info about crypto currency bc I just got serious about starting to invest and love all your content. After doing a bit of research, I really like your straight forward and NO BS approach. I felt like I couldnt trust any other websitekind of a slimy feeling reading thembut not yours. I was more than happy to click on your affiliate links and hope get PAID! I just signed up for Coinbase, KuCoin and Binance from your linkseven though I had seen them elsewhere. Keep that crypto currency content flowingThanks Matt
Coinmama allows you to trade Ethereum and Bitcoin but thats it
First off, let me say something this is fucking great for crypto.Instead of being greedy and compromising security for an extra buck, cryptocurrency exchanges are taking time to improve infrastructure and improve their security. This is because the exchanges genuinely KNOW that cryptocurrency isnt a fad its the future. And theyd rather lose a months worth of new signups to do things correctly, and ensure there are no breaches. Slow and steady wins the race.
Bitmex is a great beginner cryptocurrency exchange
If you are looking for a good place purchase Bitcoin, this is highly recommended (but due to high demand, new transactions are currently lagging).
Dont get me wrong. I still believe Bitcoin has room for a ton of growth and I predict that by the end of 2018, a single Bitcoin will be worth around $50,000 thats an increase of 400% in a year, from the current price of $17,000 which is obviously still amazing but
If you are interested in riding the cryptocurrency wave and taking the first step towards financial freedom then I strongly recommend diversifying into several different coins.
Only 17 cryptocurrency coins available (as of writing)
I now shy away from day-trading as I find it stressful, time consuming and have noticed that I tend to do much better when I aim for larger movements in the market. Im a swing trader, Im in this for the long game.
Also Never keep your cryptocurrency funds in a trade account longer than you need to. Get in, make your trades, cycle profit out and keep it in safe.The best way to protect your long term holdsis with aTrezor Hard Wallet .
Founded recently in Hong Kong, CEO Arthur Hayes background in equity derivitives and banking make him the perfect leader for what is quickly becoming respected as a top cryptocurrency trading platform.
This article is a motivation for me. I am also a part-time trader, and currently I am in huge loss lol. Because of some of my mistakes I suffer from huge losses. But I think these mistakes will teach me and next time Ill never repeat them.
*Remember, this list is organised based on my highest recommendation for cryptocurrency exchange platformsbased on which of them is currently accepting new members*
Start trading Crypto on Coinmama now!
Improving your cryptocurrency knowledge
Yes, youll have to start by buying Bitcoin, but after that youll take that cryptocurrency, send it to an exchange and use it to buy other cryptocurrencies (also referred to as alt-coins).
Not all coins do blow up and you have to choose your positions wisely but if you want the best chance of making a killing trading cryptocurrency, you will need to be active on several exchanges, this is the ultimate list of my favourite cryptocurrency exchanges to check out
Thats what the best cryptocurrency exchange platforms allow you to do to get in on new and exciting coins and split your initial investment up.
Keep an eye on this list as I will be updating it reguarly so ensure its as up to date with the market as I am able to do.
Ultimately, if you want to make money with crypto you have a couple of options. The easiest thing to do is to build a diversified portfolio of carefully selected coins and then to simply wait a couple of years. However, this is not the most effective way to make mad money. If you want to truly crush it at crypto, you need access to truly knowledgable people.
Low fees (sometimes half of other cryptocurrency exchanges)
Well reviewed app (btw NEVER TRADE on the apps, just use it to track the market)
I love the interface very straightforward and easy to use.
You have to buy your Bitcoin (or Ethereum), which you can then use to buy other cryptocurrencies.
Coinbase is probably the most popular name in all of cryptocurrency exchanges. This is because it acts as more than just an exchange its a platform to purchase your Bitcoin, and it also provides a wallet to store your cryptocurrency. This swiss-army knife approach to cryptocurrency helps explain its dominance in the market.
Start trading crypto on Coinbase now!
Secure (after being hacked in 2016)
What to look for in cryptocurrency exchange platforms
Binance is my favorite cryptocurrency exchange for trading
In Octoberthere were over 1,100 cryptocurrencies on the market,and they arent all easy to get ahold of.
I keep this list updated to ensure that you know which of the best cryptocurrency exchanges of 2018 is open for business, so you can get your account open and start building your cryptocurrency portfolio.
This list of the best cryptocurrency exchanges is as legit as it gets. These companies are well reviewed, and as secure as can be. but its still completely possible that any of these cryptocurrency exchange companies could crash and burn or get hacked.
There have been reviews about the site being slow, as well as fairly negative reviews concerning the Bittrex app (available on both iOS and Android). but aside from that, Bittrex reviews have been fairly stellar.
I find the charts are not as easy to read on Bittrex as Binance but besides that, I have no complaints.
Location San Francisco, United States
Easy interface recommended for newbies!
I love Binance so much that Ive put together an entire step-by-step guide on how to set up an account with them. Unfortunately though, Binance has currently paused new sign-ups.
I only discovered Binance six weeks ago, but its made quite the impression on me as it has catapulted itself as my favorite of all the best cryptocurrency exchange platforms of 2018.
If you are serious about cryptocurrency trading, I strongly recommend finding a mastermind group that suits your skill level and budget so that you can improve your knowledge, expose yourself to less risk, and gain access to news and tips before they hit the mainstream market this is where the real money is to be made.
This means that one day, an exchange platform will beopen, but the next day it will not be accepting new members.
Top cryptocurrency platform in USA market (owns 10% of market)
Bittrex fees are a clean and transparent .25% fee per trade
With only 24 alt-coins available, I have a hard time finding a reason to recommend this cryptocurrency exchange over any of the others that have similar security, low fees, but allow access to other beautiful alt-coins.
Quick Answer: The Best Cryptocurrency Exchanges
This is a fascinating time in the history of cryptocurrency. Soon, everything crypto-related will settle down, and all of these platforms will be able to accept new members and help with new transactions.
Dont think two months ahead. Think two years ahead Thats how you can make the most money.
But in my opinion, the two best things about Binance is 1) its got the largest cryptocurrency coin collection, and 2) its incredibly safe and secure.
These additional regulations and yellow tape are forcing US residents to trade on cryptocurrency exchange platforms that are not based in the USA (mostly China or Korea).
Poloniex is the exchange I first started on and Ive been using it for over a year. The main problem with Poloniex is that the support is fucking terrible it can take weeks to get a response. Another frustrating part about dealing with Poloniex is the exchanges desire to seem to want to pay taxes. Cryptocurrency trading exchanges like Poloniex and Bittrex are dealing withcompliance tax issues by the US government.
As of writing this article, Id say a good 75% of cryptocurrency exchanges and wallets have temporarily closed their doors. This leaves us with slim pickings, but thankfully theres still a few great options offering their services while the others are temporarily down.
But having said that, Coinmama mostly exists to help people purchase Bitcoin or Ethereum with a debit or credit card.
Limited alt-coin selection (only 24 coins available as of writing this)
If you are interested in trading cryptocurrency one of the most important things you can do is open a few trading accounts. I highly recommend opening multiple accounts with a few of the best cryptocurrency exchanges for a few reasons.
Coinbase is a legendary cryptocurrency exchange platform AND is still taking new members
When these cryptocurrency exchanges begin accepting new members again, huge amounts of money will flow in to the marker immediately. This will result in huge spikes across multiple coins to new all time highs, there has never been a better time to get into crypto than just before these spikes so right now is a good time to get the ball rolling and join the crypto-train
Head office locations of the platforms vary, but mostly youll see they are based in either the USA or Asia. This is important for two reasons. 1) The exchange region may make them more or less likely to offer certain coins e.g. Chinese exchanges tend to always list new Chinese coins and 2) depending where you are from you may or may not be able to join! Some of the best cryptocurrency exchange platforms of 2018 only offer memberships to people in certain regions of the world, this is a bummer but there are ways around it.
Availablein a shit ton of countries(but limited in the USA)
Good for pros, BitFinex is one of the best platforms for trading cryptocurrency
Customizable interface with light/dark theme
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Easily the most polarizing of the best cryptocurrency exchange platforms, depending whom you talk to, Kraken is either the best platform for trading cryptocurrency or the worst experience one can ever have. Complaints range, but typically revolve around their lackluster customer service.
Making $300,000 trading cryptocurrency in 2017was nothing short of a wild ride. And whilst I will forever be grateful for discovering and investing in Bitcoin, I have to be honest with you about something.
Theres no way around this if you want the best cryptocurrency exchange platform, youre going to have to pay per transaction.
Need verification to purchase more than $150
OK, philosophical rant aside, if you can access Coinbase its actually quite convenient. But just in case shit hits the fan, get your coins out of there and store them unto your own secureTrezor Hard Wallet.
Complicated user interface (not recommended for beginners)
But worry not! Again, this is good news as the best cryptocurrency trading platforms are reinvesting this money into customer support and enhanced security, which is certainly worth the small and noble trading fee. Trading fees on all exchanges are pretty minimal and youre unlikely to really notice them affecting your bottom line.
But in the meantime, we have to deal with the fact that high demand has put most cryptocurrency platforms new business on hold. That leaves us looking for the ones that are currently operating.
Interface isnt most user-friendly
As Ive highlighted before, my strategy when trading cryptocurrency has been, to diversify my crypto-portfolio, and watch as all of my coins accumulate in value.
Poloniex is a classic, but recommended for more experienced users
I am not a professional (or even a veteran) trader. I am an intermediate trader with a passion for cryptocurrency. I am disclosing my own ventures in crypto because cryptocurrency trading does make up a chunk of my online income and I want to be 100% transparent with you when it comes to making money online. Investing in cryptocurrencies carries a risk you may lose some or all of your investment. Always do your own research and draw your own conclusions. Again this article is aimed purely at advising; draw your own conclusions on whether cryptocurrency trading is right for you.
There are many groups on Facebook where you can find likeminded folks who will happily talk crypto all day but the problem is that 99% of these groups are filled with people who have only a very basic understanding of cryptocurrency and the knowledge available here is not particularly strong. I have recently left almost every single group on Facebook as, in my opinion, they are largely filled with FUD.
Without further ado, lets get stuck in and examine some of the best cryptocurrency exchange platforms of 2018.
Ive talked about this before but today Im going to cover the best cryptocurrency exchange platforms to trade on in 2018. You see, many of the exchanges only list a limited selection of cryptocurrencies and if you want to make the most money it makes sense to be on several exchanges so that you can pick up coins when they are still cheap, before they have gone mainstream.
Can purchase cryptocurrency with credit card
Having said that, Kraken is one of the early adaptors in cryptocurrency exchange, and regardless of its back-and-forth reviews, it has solidified itself as a premiere cryptocurrency exchange platform. Personally, I dont use Kraken any more.
Truth be told, were it open to new members, Bittrexcouldbe my number one recommendation. Its probably the largest, and most respected name in cryptocurrency, and has done a great job ensuring it provides one of the best cryptocurrency exchange platforms online.
Unlike the other US-based cryptocurrency exchange platforms, Krakens biggest problem isnt that its located in the USA. Kraken biggest problem is its customer support they are all over the shot.
Location San Francisco, USA
Can directly purchase Bitcoin (can buy with credit card, Paypal, or bank account)
Bitcoin (and to a lesser extent, Ethereum) are the gatekeepers to cryptocurrency.
Safety is the most important thing to take into consideration. I made sure to only include the safest cryptocurrency exchange platforms of 2018. My recommendations are either cryptocurrency trading platforms that I personally use, cryptocurrency trading platforms used by people I know, or cryptocurrency platforms Ive read sterling online-reviews from.
Thanks Matt for your kind words! I wish you success on your crypto journey!
To start investing in altcoins, you need to buy your Bitcoin, register for an account on one of the best cryptocurrency exchange platforms of 2018, buy shiny new coins with your Bitcoin and start making money
Writer and hustler. Adventurer and vagabond. Master of the handstand pushup. Conqueror of mountains, survivor of deserts and crusader for cheap escapades. Will has been on the road for nine years, travelling to far-flung lands on a budget. Today, he runs a number of online ventures. He is passionate about teaching others how to ditch their desks, hit the road and achieve real freedom by earning money online. Currently, Will is on a four year journey from the UK to Papua New Guinea; travelling through truly special countries such as Iran, Pakistan and Bhutan whilst running his businesses online.
I strongly recommend joining any of the exchanges on this list that are still taking new members as soon as possible as it is totally possible that these exchanges will also start limiting new signups in the next couple of weeks.
By having accounts with a few exchange platforms, you will be able to access multiple cryptocurrencies and increase your likelihood of striking gold with the right alt-coin.
If you want to follow the strategy of building out adiversified cryptocurrency portfolio, you wont just want to buy Bitcoin.
There are dozens of options, but to make a list of the best cryptocurrency exchanges, there were a few things I had to take into consideration, and when picking your own best cryptocurrency exchange, there are a few things YOU need to take into consideration.
Read the whole review and step by step guide here
Can trade with leverage (good for traders with a ton of capital)
Notify me of followup comments via e-mail.
One of the most reputable and popular cryptocurrency exchange platforms
Bittrex Secure but expensive (Currently closed)
Best Cryptocurrency Exchange • Ultimate Beginners Guide
At the time of writing; I am actively trading on Coinbase, Bittrex, Bitfinex, and Binance.
If you are a beginner in cryptocurrency, but are utterly fascinated and have found your life calling sure, give Bitmex a go. But ultimately, while Bitmex is phenomenal, if you are a beginner, I would be much more keen to recommend Binance .
For this reason, I say keep it easy. Skip on anything-US based, and stick to Binance.
Recently, I joined a paid cryptocurrency mastermind group and the tips in here have been pretty next level. Currently this group, which I cannot name, is not taking new members.
But, Bitmex is not for everyone. While it is not necessarily complicated, it is definetaly designed for more advanced users to get the most out of it. The customizable interface enabled experienced traders to have their menu set up the way they prefer it, and the high trading volume gives the advantage to traders with a ton of capital.
This is why I recommend having accounts with a few of the best cryptocurrency exchange platforms. If one of the companiesdoesget hacked, you wont lose all of your money and youll be able to keep on trading.
The Broke Backpacker is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to
As with anything internet-related and money-related, reviews for the best cryptocurrency exchange platforms are not always consistent. My opinions are usually based on my experience. Can bad shit happen? Duh, obviously! But just be aware that a lot of peoples negative experiences are their own fault and could have been avoided had they been more careful always use two factor authentification guys!
Connected to traditional-banking system of USA (and because of that, they are bit shady)
One thing Ive noticed is that the media, especially Twitter, can have huge effects of the market. If you decide that cryptocurrency is your new thing, if this is where you want to spend your time, then I strongly recommend that you educate yourself and improve your understanding of who to follow, who to trust, when to buy and when to hold.
The Broke Backpacker Best Cryptocurrency Exchange of 2018 (but membership currently closed!)
Conclusion to the Best Cryptocurrency Exchanges
Again, while maybe a bit more recommended for experienced cryptocurrency traders, Bitfinex is one of the most dominant names in cryptocurrency exchange and trade in 2018.
The Best Cryptocurrency Exchange 2018 (Updated January 8th, 2018)
One major pro is that Bitfinex has a LOT of the volume for major coins and this is a good place to dip your toe into margin trading however I do not recommend margin trading unless you have several months of trading experience under your belt.
Start trading crypto on Binance now!
Krakens reviews are polarizing, but its fans love it