Changelly.com

Changelly Logo
Changelly.com Overall rating: ★★★★★ 4.8 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

Yes (0.5%)

Withdrawal Fees

No

Advantages & Disadvantages

Advantages

  • More than 70 types of coins available;
  • Supports all countries
  • Wide range of exchange options
  • Multi-language website (English, Chinese, Korean, Japanese, French, German, Portuguese, Spanish, Hindu)

Disadvantages

  • Customer support available via email only
  • No mobile app
  • A fairly new company

CEX.io

CEX Logo
CEX.io Overall rating: ★★★★★ 4.6 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

Cryptocurrency deposits: 0%; USD/RUB/EUR/GBR: 0%-5% (depending on payment method)

Trading Fees

Yes (7% for the direct trading with the exchange)

Withdrawal Fees

Yes (varies depending on payment method)

Advantages & Disadvantages

Advantages

  • Company provides refunds for customers dissatisfied with the services
  • Deals are made automatically and immediately
  • Live chat 24/7 with customer support
  • Multi-language website (English, Chinese, Russian, Spanish, Italian, Portuguese)
  • Users can buy bitcoins with a credit card, SEPA or a wire transfer
  • High trading volume

Disadvantages

  • High fees and “hidden charges”
  • Many currencies are not supported
  • Lots of bad reviews

BITQUICK.CO

BITQUICK.CO Overall rating: ★★★★★ 4.6 based on 5 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

0-2%

Withdrawal Fees

No

Advantages & Disadvantages

Advantages

  • There is a cash trading option at BitQuick
  • The deals are made really fast – just a couple of clicks and you are there
  • The website is easy to use

Disadvantages

  • BitQuick was hacked in 2016 and customers’ money have been stolen
  • Very high fees
  • All transactions are made through the banking network, so you will have to go to the bank to make it
  • Only bitcoins are available

Coinmama.com

Coinmama Logo
Coinmama.com Overall rating: ★★★★★ 4.5 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

Cryptocurrency deposits: 0%; credit card fee: 5%

Trading Fees

Yes (5.50%)

Withdrawal Fees

Yes (5% credit card fee)

Advantages & Disadvantages

Advantages

  • Supports different payment methods: credit/debit card, cash
  • There is an extensive FAQ section that clearly addresses most possible issues
  • Supports most countries worldwide

Disadvantages

  • The developers are still working on website translations for non-English users
  • Only two types of cryptos are available
  • You can only buy coins at Coinmama, there is no selling option
  • High fees
  • No mobile app

EXMO.com

EXMO Logo
EXMO.com Overall rating: ★★★★★ 4.5 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

Cryptocurrency deposits: 0%; USD/EUR/RUB/PLN/UAH: 0%-8% (depends on payment method)

Trading Fees

Fee for the deal - 0.2%

Withdrawal Fees

Yes (BTC (0.001), LTC (0.01), DOGE (1), DASH (0.01), and ETH (0.01))

Advantages & Disadvantages

Advantages

  • Different payment methods available (cryptocurrency, Visa/MasterCard, Debit/Credit card, SEPA, Payeer, OKPay, etc)
  • Multi-language website(English, Spanish, French, German, Italian, Portuguese, Chinese, Russian, Ukrainian, Polish)
  • 24/7 Support
  • High USD liquidity

Disadvantages

  • Some fees are relatively high
  • Number of trading pairs might be higher

Lakebtc.com

Lakebtc.com Overall rating: ★★★★★ 4.5 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

0.0 - 0.15%

Withdrawal Fees

1% + 5 USD

Advantages & Disadvantages

Advantages

  • High security level
  • Supports a lot of fiat currencies
  • Relatively low fees

Disadvantages

  • Company has a main focus on the Asian market
  • Their website works slowly comparing to other platforms

Localbitcoins.com

Localbitcoins.com Overall rating: ★★★★☆ 4.4 based on 7 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

1%

Withdrawal Fees

No

Advantages & Disadvantages

Advantages

  • A very simple website with intuitive interface
  • The service is private and works really fast
  • To register, you only need to provide your email address. No ID or other documents are necessary

Disadvantages

  • Not very convenient for those who are willing to buy big amounts of currency
  • No altcoins except BTC available
  • You need to be very careful when making a deal, because there is a great risk that you might run on to a cheater

Binance.com

Binance.com Overall rating: ★★★★☆ 4.3 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

No fees

Trading Fees

0.1% trading fee; BNB in-house token deducts 50% trading fee (temporary)

Withdrawal Fees

Depends on the type of cryptocurrency you are withdrawing

Advantages & Disadvantages

Advantages

  • No deposit fees, low trading fees
  • Multi-language support
  • Safe platform (offers two-factor authentication)

Disadvantages

  • No fiat withdrawals and deposits

YoBit.Net

YoBit Logo
YoBit.Net Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

No fees

Trading Fees

Yes - 0.2%

Withdrawal Fees

Cryptocurrency:0.00050000; USD/RUR: 3%-8% (depends on the payment method)

Advantages & Disadvantages

Advantages

  • A wide choice of currencies (more than 100)
  • Multi-language website (Chinese, Russian, English)
  • Simple and clear interface
  • Security -Yobi codes (deposit codes)

Disadvantages

  • Questionable lottery games
  • A lot of negative reviews from customers

Bitbay.net

Bitbay.net Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

2%

Trading Fees

0.43%

Withdrawal Fees

2%

Advantages & Disadvantages

Advantages

  • Accepts deposits in fiat currencies: USD, PLN, EUR
  • You can order a physical BitBay card for your coins to make transactions and store them
  • Various deposit options available

Disadvantages

  • There is a limited number of coins
  • The platform seems does not have any regulation

Bitmex.com

Bitmex.com Overall rating: ★★★★☆ 4 based on 6 reviews
5 1
Margin Trading
Yes
Deposit Fees

No

Trading Fees

0.0-0.25%

Withdrawal Fees

0.003 BTC

Advantages & Disadvantages

Advantages

  • Derivatives and futures trading options
  • High liquidity
  • High leverage
  • Numerous professional tools for experienced traders

Disadvantages

  • Beginners will find this website too difficult
  • 0.003 BTC is really high withdrawal fee
  • The interface is not intuitive at all

Coinbase.com

Coinbase.com Overall rating: ★★★★☆ 3.8 based on 7 reviews
5 1
Margin Trading
No
Deposit Fees

to be specified

Trading Fees

1%

Withdrawal Fees

to be specified

Advantages & Disadvantages

Advantages

  • There are debit and credit cards integrated
  • The website has high liquidity for both available types of cryptocurrency
  • Even newbies will find Coinbase simple and clear

Disadvantages

  • The website doesn’t really respect users’ privacy and tracks the way they spend their money
  • Some users claim that the affiliate program doesn’t work properly and members do not receive the reward sometimes
  • The customer support does not work hard to assist customers but sends default answers, ignoring the individual issue

PAXFUL.COM

PAXFUL.COM Overall rating: ★★★★☆ 3.5 based on 7 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

There is a great deal of unusual payment methods here and commissions vary accordingly

Withdrawal Fees

No

Advantages & Disadvantages

Advantages

  • A lot of payment methods and fiat currencies available for trading
  • Low fees
  • It is simple to create an account and to process deals

Disadvantages

  • Controversial customer feedback. There is a lot of scam accusations against Paxful on BitcoinTalks and other forums
  • Customer support is hard to reach and their reaction is slow
  • If you are looking for some coins except BTC, then Paxful is not a suitable option for you
  • Sellers usually charge high commissions for buying coins with unusual payment methods

XCOINS.IO

XCOINS.IO Overall rating: ★★★★☆ 3.5 based on 7 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

PayPal fee (2.9%) + $0.30 on top of the loan amount and interest

Withdrawal Fees

Yes (depends on the withdrawal method)

Advantages & Disadvantages

Advantages

  • Service accepts PayPal and credit cards
  • Referral program
  • Simple verification

Disadvantages

  • The website was hacked in 2017
  • There is a risk that PayPal block your account
  • A lot of negative reviews around the web

Buysomebitcoins.com

Buysomebitcoins.com Overall rating: ★★★☆☆ 3 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

No

Withdrawal Fees

No

Advantages & Disadvantages

Advantages

  • Very fast transactions
  • Users’ coins are stored offline
  • Affiliate program
  • Verified users can enjoy discounts

Disadvantages

  • You have to submit too much personal information to verify an account
  • Bitcoins are very expensive here

BISQ

BISQ Overall rating: ★★☆☆☆ 2.3 based on 8 reviews
5 1
Margin Trading
No
Deposit Fees

No fees

Trading Fees

0.001% - 0.009%

Withdrawal Fees

Depends on the type of cryptocurrency you are withdrawing

Advantages & Disadvantages

Advantages

  • Arbitrators ensure that you won’t get cheated by an dishonest seller/buyer
  • A lot of coins available, including some rare ones
  • Awesome security

Disadvantages

  • There is a lack of offers on the website because a few users know about this platform
  • The fees are high
  • There is no way you can contact customer support at Bisq. For some help, you will need to visit their forum and look for an answer among millions of posts thereBisq

Satoshitango.com

Satoshitango.com Overall rating: ★★☆☆☆ 2.3 based on 6 reviews
5 1
Margin Trading
No
Deposit Fees

Yes (depends on payment method)

Trading Fees

2%

Withdrawal Fees

$20

Advantages & Disadvantages

Advantages

  • There are great features here, but they are useless if you are not Argentinian
  • The website is user-friendly and easy to use

Disadvantages

  • High fees
  • The website is focused on the local market
  • The verification process is long and tiresome

Bitstamp.net

Bitstamp.net Overall rating: ★★☆☆☆ 1.8 based on 5 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

0,25% - 0,1%

Withdrawal Fees

No

Advantages & Disadvantages

Advantages

  • Flawless reputation
  • Partnership with Pantera Capital, Ribbit Capital, and Fortress Investment Group
  • High trading volume and liquidity
  • Fast and simple website

Disadvantages

  • Fiat trading is available with BTC only
  • High fees for trading with small amounts of coins

Cryptonit.net

Cryptonit.net Overall rating: ★★☆☆☆ 1.5 based on 8 reviews
5 1
Margin Trading
No
Deposit Fees

No fees

Trading Fees

0 - 9.8%

Withdrawal Fees

0 - 20%

Advantages & Disadvantages

Advantages

  • A lot of withdrawal and deposit options
  • Secure and reliable
  • Some rare currencies are available

Disadvantages

  • No live chat with customer support
  • Low liquidity

Wesellcrypto.com

Wesellcrypto.com Overall rating: ★☆☆☆☆ 1.2 based on 7 reviews
5 1
Margin Trading
No
Deposit Fees

No

Trading Fees

Being specified

Withdrawal Fees

No (you only pay their price for coins + PayPal charge)

Advantages & Disadvantages

Advantages

  • Very fast transactions
  • Website owners play a full role in the crypto-community

Disadvantages

  • Purchasing disabled. They are not active right now
  • You can buy coins with PayPal only

The Process of Bitcoin Exchange: How Is It Done?

Bitcoin exchangers follow the same principle as the banks do. First, you need to deposit money on your balance (different options are present) and then to trade with other people that take part in the exchange. As distinct from over-the-counter trades, you don’t risk losing your money because exchanger won’t close the deal until all users fulfill their parts.

As a rule, to exchange your bitcoins, you have to find a resource and place an order. Depending on what operation you are up to do, you may change “sell” or “buy” option. Orders that aim to buy coins for dollars or any other currency are also called “bids”. Orders that aim to sell are also called “asks” and their aim is to receive coins for the lowest price. In case the buying price is higher than the selling price, the deal can be removed from the “order board”.

The most popular website for bitcoin exchange

  • Bitfinex

Bitfnex is a place where you can buy and sell different types of cryptocurrency including bitcoins, darkcoins, and litecoins. This resource is still developing and looking for some new features and functions to be added in the nearest future.

Bitifnex is concerned about security issues more than all the other similar platforms. Its owners store about 99% of all assets in a cold storage and 1% in the wallets. A database backup is made every day and the server is regularly tested for security.

  • cex.io

Cex is one of the oldest exchange platforms available. This platform allows you to use your credit/debit card to buy coins. However, it works a little bit different than all the others platforms since it applies so-called Fill-or-Kill principle to the orders.

Fill-or-Kill orders are done immediately. It means that you may buy or sell a certain amount of coins for a certain price immediately and you don’t have to wait until a person who agrees with your offer comes.

  • Yobit

Buying and selling coins at Yobit is very simple: just select currency and put a “buy” or “sell” option on it. This website allows you to get and give away different types of cryptocurrency. The safety of your deals on this platform strongly depends on a person you are communicating with. Be as attentive to potential partners as possible.

  • Exmo

Exmo is a popular platform with about 1,111,176 of registered users. It offers relatively low fees and quick withdrawals. While the other platforms are strongly focused on trading bitcoins, Exmo allows a lot of other cryptocurrencies for exchange. However, users need to provide their personal data like an ID scan to start trading on this website.

  • CoinMama

CoinMama mostly specializes on selling bitcoins for credit cards. It is a resource available in almost all corners of the world. This is a trusted and very old website widely used by thousands of users for years. CoinMama is a safe place to change your money for cryptocurrency, however, get ready to pay more: fees here are higher than on the other websites.

  • Changelly

Changelly is a place to change bitcoins and altcoins. It is easy to shift between currencies without a necessity to deposit coins to the exchange. This website also allows to buy coins for credit cards, however the rates for this procedure are really high. You can make a trade of any size at this website fast and without a necessity to give away too much personal information. For instance, unlike some of the previous websites, Changelly doesn’t require your ID copy.

In addition to these top resources, there are many other sites to choose from. Make sure to use a trusted platform to exclude any risks.