eight Trusted Bitcoin Exchanges to Purchase BTCs Safely — Better of

On this planet of computer systems, nothing is cent % safe — as proved by quite a few hacks together with numerous thefts of bitcoins value tens of millions and breach of HBO’s servers. And so is true for cryptocurrency exchanges — the place many are backed by insecure methods and false guarantees.

You may ask then: which change is reliable sufficient to purchase bitcoins?

It’s arduous to say and not possible to guess, however seeing the statistics and testing the folks’s experiences all over the world, one can discover out essentially the most reliable change. This being the case, I’m itemizing beneath essentially the most trusted bitcoin exchanges. The beneath listing is compiled based mostly on feedback, feedbacks and experiences of quite a few folks.

1. Coinbase

Coinbase is most trusted Bitcoin exchange

Coinbase is likely one of the efficient mediums to commerce bitcoin, ether, and litecoin. Coinbase helps over 32 nations; letting you commerce utilizing your native foreign money. Amazingly, your digital belongings are saved in an offline storage, and its multi-signature vault provides you extra management over your funds. It additionally offers apps for Androidand iOS units.

What I like is; Coinbase protects your digital belongings with its insurance coverage coverage, i.e., you’re protected even when the change lose your funds resulting from a hack or system failure. Furthermore, it additionally permits you to schedule your purchases month-to-month or weekly to take a position with self-discipline.


  • It has straightforward and clear interface appropriate for brand new customers.
  • You’ll be able to set computerized funds to purchase cryptocurrencies.
  • Coinbase maintains excessive safety in direction of your saved digital belongings.
  • Its insurance coverage coverage protects your digital currencies saved on its servers.


  • Numerous nations aren’t supported together with India, China, Russia, Germany, and many others.
  • It has restricted cost strategies like credit score/debit playing cards, financial institution deposit, and PayPal.
  • It poses sure limitations on buying and selling bitcoins.
  • Its transaction charges are excessive.
Straightforward Low Common Common Trusted Excessive

2. LocalBitcoins

LocalBitcoins is a peer-to-peer crypto exchange

It’s a peer-to-peer change that allows you to publish change advertisements stating change fee and cost strategies for buying and selling bitcoins. Which means, LocalBitcoins is a person-to-person bitcoin change the place you should purchase and promote bitcoins. Its internet pockets shops your bitcoins from the place you possibly can promote them or switch them to your private bitcoin wallet.

What I like is all on-line trades on LocalBitcoins are protected with escrow system to keep away from frauds and scams, equally to escrow system on freelance job sites or different peer-to-peer websites. Curiously, you may also improve your account’s safety by enabling 2-factor authentication and login guard to guard your account from unauthorized logins.


  • It permits you to commerce bitcoins in 248 nations together with Bangladesh, Belgium, Brazil, Greece, India, Japan, Switzerland, and lots of extra.
  • It helps numerous cost strategies together with PayPal and bank card.
  • Its escrow system protects you from on-line frauds.
  • It offers numerous strategies for enhancing safety.


  • Possibilities of scams are excessive if precautions aren’t taken.
  • It’s costly to purchase with bank cards and PayPal.
  • Charges may be greater in case you’re buying and selling utilizing money as a result of individuals are able to pay further for the privateness provided whereas buying and selling with money on LocalBitcoins.

3. Coinmama

Coinmama lets you exchange bitcoins

Coinmama helps exchanging bitcoins, enabling you to purchase bitcoins utilizing a credit score or debit card. What I like is, it secures and encrypts your private info on devoted servers as its merchants’ safety is its prior motive. You too can purchase bitcoins with money after you’ve supplied the required paperwork and verified your account.


  • Straightforward navigation and enticing person interface.
  • Permits buying bitcoins with money.
  • Your privateness and safety is on Coinmama’s precedence listing.
  • Coinmama helps numerous credit score or debit playing cards together with VISA, MasterCard, and many others.
  • Good associates program that presents 15% of Coinmama’s fee to the referrals.


  • Charges are excessive.
  • You can not promote bitcoins.
  • All of its features aren’t accessible in some nations.
  • It helps cost by solely credit score/debit playing cards and never PayPal.


Trading interface of CEX.IO

CEX.IO encrypts your full knowledge and offers sturdy safety to your account. It helps nearly 99% of nations and executes orders shortly. What fascinated me about CEX.IO is, it helps the favored cost strategies and avails downloadable studies.

Surprisingly, it additionally helps margin buying and selling and computerized funds borrowing together with quite a few options for skilled merchants. CEX.IO protects your accountin opposition to DDoS assaults, and it’s compliant with PCI DSS requirements like above given safe exchanges.


  • CEX.IO helps the assorted cost strategies together with credit score/debit playing cards (VISA and MasterCard), financial institution switch (SWIFT and SEPA), and cash (BTC and ETH).
  • zero% commerce price for makers, and particular circumstances for high-volume merchants.


  • It helps US , euros and rubles solely.
  • Excessive charges is charged for buying and selling bitcoins.
  • Financial institution withdrawals is likely to be costly.
  • Its interface could not appear straightforward to new customers.
Common Low Common Common Trusted Common

5. Bitstamp

Tradeview screen of Bitstamp

Bitstamp is a protected bitcoin change that secures your digital funds offline like many others. What I like is, it presents clear volume-based pricing with zero hidden expenses. Customers can commerce immediately utilizing the most important bank cards or the favored cryptocurrencies. Bitstamp helps buying and selling in numerous cash and fits newbies in addition to skilled merchants.


  • Boasts to be first fully-licensed change by Luxembourg’s Ministry of Finance.
  • It helps immediate buying and selling with the most important bank cards like VISA and MasterCard.
  • Offers sturdy safety by storing 98% of funds offline and having yearly audits.
  • Helps exchanging utilizing the most important fiat currencies like US and euros, and in style cryptocurrencies like ETH, XRP, LTC, and many others.


  • Withdrawals aren’t immediate and should take 2 – 5 days.
  • Buying and selling charges are greater if you’re buying and selling decrease quantity.

6. Kraken

Kraken's exchange charts

Kraken is an expert bitcoin change that gives excessive liquidityand implements excessivesafety and retains funds in chilly storage. Surprisingly, it presents leveraged bitcoin margin buying and selling and options superior order varieties for skilled merchants. This change’s funds are cryptographically verified and maintains very strong safety requirements.


  • Excessive liquidity in trades.
  • Fees as little as zero% based mostly on quantity.
  • Kraken presents stable safety together with encrypted chilly storage.
  • Helps quite a few currencies together with US & Canadian , kilos and yens.


  • Assist response are delayed at typically.
  • Depositing currencies may be costly in US and Canada.
  • You might require paperwork like id proof and residence proof for opening a complicated sort of account on the Kraken platform, like opening a checking account.
Arduous Low Common Low Trusted Excessive

7. BitBay

Account screen of BitBay

BitBay is an easy-to-use buying and selling platform that helps quick withdrawals and deposits. It retains your account secured utilizing 2-factor authentication, and notifies each account exercise immediately for security functions. I favored its “Instantaneous Shopping for” and “Instantaneous Promoting” choices which works similar to you’re shopping for from or promoting to BitBay instantly.


  • “Instantaneous Shopping for” and “Instantaneous Promoting” choices permits you to commerce shortly.
  • Helps buying and selling utilizing in style fiat currencies like US and euros.
  • Numerous instruments are built-in with BitBay equivalent to Bitcoin Ticker, TabTrader, Bitcoin Checker, and many others. for superior buying and selling on this platform.
  • Good associates program that gives 20% of BitBay’s fee to referrals.


  • Charges may be excessive for worldwide prospects.
  • Learners may discover the interface as tough.
  • It’s worthwhile to confirm your account to avail all of its features.

8. HitBTC

Demo trading screen of HitBTC

It’s a bitcoin change which is feature-packed and constructed on one of the best know-how, letting you purchase and promote effortlessly. HitBTC incorporates superior encryption know-how and 2-factor authentication to provide you peace of thoughts and provide help to commerce safely. It consists of a quick and responsive interface that permits you to commerce simply with none registration course of.


  • 2-factor authentication is enabled.
  • No registration is required to begin buying and selling bitcoins.
  • It offers strong safety together with superior encryption and chilly storage.
  • Helps buying and selling many cryptocurrencies like BTC, ETH, XMR, DASH, LTC, BCC, and many others.


  • Its interface will not be as straightforward as Coinbase.
  • Its account verification course of may be time-consuming.

Listed here are a couple of extra:


This Hong Kong-headquartered bitcoin change is interesting for each merchants and traders. The web site is much less flashy than the remaining however sensible. OKCoin is greatest for knowledgeable merchants with excessive familiarity with buying and selling instruments and platforms.

Greatest for: Merchants

Select one other change if: You aren’t a dealer.


One other trading-oriented bitcoin change on this listing, ItBit presents cheap charges for bitcoins however keep in mind there’s a small price on prime of it. They provide ‘boutique service’ for big bitcoin trades over 100BTC.

Greatest for: Full-service, premium bitcoin buying and selling providers.

Select one other change if: You need small quantities of bitcoins.


Because the identify suggests, BitQuick is all about pace. The way it operates is just like LocalBitcoins the place you purchase and promote from different people. Shopping for bitcoins will incur 2% price. Nevertheless promoting bitcoins are free.

Greatest for: Quick transactions

Select one other change if: Pace isn’t an element.


Circle is a pretty-looking platform and appropriate for mild to informal bitcoin customers. Marketed first as a user-friendly cost platform with chat integration, you possibly can hyperlink debit card, bank card or checking account to ship cash through Bitcoin’s blockchain to family and friends.

Greatest for: New bitcoin customers who want funds switch answer fairly than holding bitcoin

Select one other change if: You actually wish to preserve the bitcoin or blockchain half invisible.


This bitcoin service supplier is thought higher as one of many prime bitcoin debit card suppliers. E-Coin is included on this listing as they permit oblique bitcoin buy with PayPal, which is uncommon. You too can purchase bitcoins with PayPal with different providers equivalent to Paxful or VirWox – each choices incur greater charges.

Greatest for: Shopping for bitcoins with Paypal (by topping up the digital debit card with funds from PayPal)

Select one other change if: You don’t need or like the concept of bitcoin debit playing cards.

Which do you have to select?

Effectively, it relies on your necessities. What I imply to say is initially, assume what are your necessities other than security and safety, after which select one of many above providers. For instance, do that you must change or commerce, do that you must use cell app, and many others.

For those who ask me, if I’d want an straightforward to make use of change service, I’ll go for Coinbase. If I’d want complete privateness of my id and funds, then I’ll select LocalBitcoins and commerce immediately with the vendor in money. And aside out of your necessities, you have to additionally test in case your chosen service is out there and supported in your nation earlier than on the lookout for any extra data.

Which of the above is essentially the most trusted change? Bitcoin has already cross USD four.5k however what do you assume is its restrict? Please share your views on these questions by writing a remark beneath or writing to me at @aksinghnet on Twitter. I’ll be glad to listen to from you.

Hope you discover this publish useful. Blissful buying and selling!

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