European cryptocurrency exchange. The largest cryptocurrency exchanges: features, indicators, rating
Hello, dear readers of the blog site. The cryptocurrency market is significantly different from other currency markets, primarily in that everything here is kind of unofficial. is not supported by anything and no one stands behind it (neither the state nor other structures). However, this does not at all prevent millions of people from making good money on bitcoins, litecoins, ethers and other cryptocurrencies.
One of The most powerful earning tools are cryptocurrency exchanges. Yes, they are also all unofficial (there can be no others, because no one controls it), but the money turnover passing through them is amazing.
Many people in the know use exchanges (instead of or together with) to buy, sell and exchange bitcoins for other types of virtual currencies or regular (fiat) money. Here, however, everything is somewhat more complicated than in exchange offices, but with some skill you can sometimes save money when exchanging or make money on speculation.
What are cryptocurrency exchanges and why are they better than exchangers?
Naturally, over the vast sea of cryptocurrencies, many services have arisen aimed at working with these currencies. Basically these services are either exchangers or exchanges. There are already many hundreds of both on the market, but it is still unclear how one differs from the other.
In fact, for example, you can exchange bitcoins for Qiwi both in an exchanger and on a stock exchange (sometimes even at the same rate). And the reverse operation will also be available both there and there. What's the difference? Why do we need exchanges if there are a ton of exchangers? Moreover, there is:
What is the trick of exchanges? To put it briefly, then a profitable exchange is an exchange, and an operational exchange is an exchanger. If you want to save money and have time to figure it out, and also have the opportunity to wait until a profitable offer arrives, an exchange is better for you. No time - look for the best exchange rate ( and ).
Now to the point. The exchange simply provides a platform for performing transactions in many areas of exchange (which ones exactly depend on the specific exchange you have chosen). The exchanges themselves take place between the participants of the exchange, and the exchange itself is needed in order to bring people together and provide a guarantee that the transaction will take place fairly. In fact, this is where the exchange makes money, taking a fraction of a percentage of all transactions carried out through it.
You, as an exchange participant, you will be free in the direction of exchange you need, either accept one of the existing applications (orders), or create your own application (on the conditions you need) and wait until someone wants to make a deal with you on it. The first option allows you to carry out the transaction quickly, but the second option, in return for wasting time waiting, gives you a chance to make an exchange at a more favorable rate. That's all, and the rest is details, which may vary on different exchanges.
How is it going at the exchanger? Here you interact directly with the service itself (and not with other people, as on the stock exchange). The exchange rate is set rigidly and within one exchanger it will be possible to change it for the better for you only by persuading the administration to meet you halfway. Although, you are free to simply choose another exchanger with a more favorable rate for you, but just do not forget to check it through the monitoring services mentioned just above (I repeat - and).
The owners of exchangers earn money from the commission that is deducted from you during the operation, and your benefit often depends on its size. Usually, Bitcoin buying rate in exchangers is quite attractive, but its sale rates or the rates of other cryptocurrencies may not be as optimal as on the best exchanges presented below.
So draw your own conclusions from your own experience. It’s also worth considering that some exchangers have a cumulative discount “for volumes,” for example, these:
In addition, sometimes the dynamics of natural changes in the exchange rate of Bitcoin, Litecoin, Ethereum and other cryptocurrencies are so rapid that by waiting for an exchange at the best rate on the exchange, you may miss the moment when you could buy the same amount of crypto at any exchanger, but much cheaper.
This property of cryptocurrency is high volatility, that is, exchange rate instability, which should also be taken into account. But this is precisely what attracts people here, because where else can you get 5000% income in a year? However, the high riskiness of investments is also an integral feature of making money on bitcoins (and others like them), because, in essence, it all looks like a long-term investment, i.e. a bubble that will burst someday (and at least if it just deflates a little).
It is also worth emphasizing that money can be deposited into the exchange in advance (in specified ways, which, by the way, can become a decisive factor when choosing an exchange to work with). Therefore, exchanges here can be carried out instantly (until the exchange rate jumps). Many exchangers cannot provide instantaneous exchanges. It turns out that on most exchanges you have a kind of virtual wallet (such as YaD or Qiwi), which adds efficiency to the work, which is especially important for successful speculation.
Regarding reliability. Exchanges are inherently a more serious service, which in theory should be more reliable than an exchanger (they come in different weight categories). In principle, this is true, but even top exchanges sometimes still close (such as BTC-e, Bter and BTCChina). And there are also plenty of projects aimed at deception here, although there are not as many of them as among exchangers.
Below I will give a list 10 cryptocurrency exchanges which, in my opinion, are best suited for residents of RuNet to work in them. The exchange is still a very delicate and sensitive instrument, so it is better to work in it with support for your native language, so that there are no communication problems.
There are also a number of other nuances that I took into account. For example, the popular exchange Poloniex introduced sanctions for Russians and blocked their withdrawal of money. Do you need this? I don’t, so we don’t pay attention to it in this review (we have it under retaliatory sanctions). There is also a problem with Chinese exchanges - some of them may close in the near future by decision of the authorities.
Again, the list of cryptocurrency exchanges below is not the ultimate truth and I will be glad to listen to your comments while making changes to this list (especially since over time this will still have to be done). Well, oh well, less words - more action.
BitMEX is the #1 cryptocurrency exchange
For inexperienced users and those who only need to quickly exchange cryptocurrency, a mode is provided "Exchange"(from the top menu), where, in fact, a simple exchanger is implemented (although funds are taken from your account on this exchange), which I have already discussed in detail in the article of the same name on this blog. The favorable exchange rate in EXMO is up to you (you can compare it with some other popular exchangers).
Before starting work, I strongly advise you to read the materials FAQ. Well, you can also watch the video above to make a “quick start”.
BitexBook
A significant advantage of the exchange BitexBook- this is its legality. It should receive its official status in April 2018 after registration in the Hi-Tech Park in Belarus. Since BitexBook is still very young (created in 2017 in February), it only offers 2 cryptocurrencies at the moment: BTC and LTC. Exchange participants trade them in pairs with fiat money RUB and USD.
You can withdraw and top up your balance in both fiat and cryptocurrency. You only need pass verification: at least indicate your last name, first name and registered address. In this case, it will be possible to work with the Yandex.Money and WebMoney payment systems, Visa and MS cards. If you confirm your name and address with scans of documents, you will be allowed to withdraw money using WireTransfer. By the way, exchange employees promise to process withdrawal requests within 1 hour. No need to wait 24 hours or more to receive your money.
To deposit/withdraw cryptocoins, you don’t have to disclose anything about yourself at all: anonymous status will do. There are no limits for cryptocurrency deposits/withdrawals.
Trading commission is only 0.1% for makers and 0.15% - 0.25% for takers.
Trading here is quite simple: the interface is completely Russified and intuitive. So even a beginner can figure out the BitexBook exchange. To start trading, you need to create a buy or sell order by specifying the market or limit price of the currency and selecting a currency pair. This is what the form for creating orders looks like:
You can also view a chart of exchange rate changes for the selected pair (per minute, hour, day or month) and study the depth of the market.
To ensure security in Bitexbook, you can use several tools:
- Create a list of “white” IP addresses;
- Enable 2-factor authentication using the Google Authenticator app (the most secure way).
Set up login confirmation by e-mail or SMS using one-time codes;
Thus, at the start, conditions for traders BitexBook very attractive, and security is high (if you turn on maximum protection yourself). Let's see how the exchange performs in the future.
Bybit
Bybit- a modern exchange specializing in operations with cryptocurrency derivatives. Provides high speed transaction processing with an uptime rate of 99%.
*click on the picture to open it full size in a new window
- Integration of the exchange system with TradingView and Tiger Trade and 3Commas.
- Internal cryptocurrency exchanger.
- Internal USDT wallet with hedging support.
- Trading mobile application – for devices running iOS and Android.
- Clients' funds are stored in offline wallets.
2 more crypto exchanges that are worth getting to know better
- LiveCoin- another exchange friendly to Russian-speaking users (including Russian-speaking technical support and cash acceptance), which allows you to work with a huge number of currency pairs (more than 260 at the moment). What’s nice is that account verification is only required if you plan to top up your account with bank transfers. But in all other cases you can remain anonymous (this may be important to some).
There are not as many options for depositing/withdrawing funds into an exchange account as in EXMO, but it is quite sufficient (, Capitalist, PerfectMoney, bank account and plus about a hundred other different cryptocurrencies). What is noteworthy is that there is an opportunity for residents of Russia and Ukraine, deposit money in cash via courier.
Among the advantages, we can note the support already mentioned above, who understands the Russian soul, as well as the ease of navigating the exchange (although all this is individual). There is also the possibility of using LIVECOIN CODE, which can be freely exchanged in many partner exchangers. Those. You can buy them in these exchangers, and then redeem them on this exchange to replenish your current account.
The transaction fee ranges from 0.18% to 0.02% depending on your trading volumes. All commissions and tariffs can be viewed at the link provided. Trading volumes on the exchange are very high and according to this indicator it is confidently among the top five.
- KuCoin is a very young Hong Kong Bitcoin exchange with an excellent interface, even slightly translated into Russian.
Now it is rapidly gaining momentum (the daily trading volume is already measured in hundreds of millions of dollars) and this is not surprising, because the development team here is very serious and authoritative.
You can trade ETH, LTC, NEO/GAS, OMG, QTUM, PAY, CVC, EOS, SNT, KNC, BTM, BHC and a number of other cryptocurrencies on KuCoin, the list of which is constantly being updated. The transaction fee is minimal, but it can be reduced by another half if you pay it with their own tokens (?) called Kucoin Shares (KCS). I/O is very fast. Order execution is instant.
Holders of NEO crypto money will be pleased to know that KuCoin rewards them with GAS tokens at the end of the month for holding them. In general, impressions of this exchange are very positive and its successes are quite natural. I would also like to draw your attention to the fact that their Kucoin Shares tokens (internal currency) themselves can be a good investment, because they are growing in price by leaps and bounds.
Good luck to you! See you soon on the pages of the blog site
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Cryptocurrency exchange(or crypto exchange) is a site where you can buy/sell cryptocurrency for fiat funds (RUB, USD) or exchange it for other crypto coins. There are exchanges where there are no fiat funds, but only cryptocurrency pairs (LTC/BTC, ETH/BTC, etc.).
In this article we will look at the 4 most reliable crypto exchanges with a Russian interface and rubles, where you can buy the most promising cryptocurrencies:
Exchanges are ranked according to their reliability and convenience ratings. All of them have high liquidity, so here you can trade cryptocurrencies with almost any amount in your account.
Many of them have stablecoins. This is virtual money tied to fiat money. For example, USDT, USDC, TUSD, PAX.
1. Cryptocurrency exchange Binance (Binance.com)
The Binance cryptocurrency exchange ranks first in the world in terms of trading turnover, and this despite the fact that the first trading began only in the spring of 2017.
For a very long time, the Binance interface was not available in Russian. Since 2018, a full-fledged Russian version began to operate.
The main advantages of the Binance exchange are:
- Huge trading turnover. And this makes it possible to buy and sell almost without a spread.
- Wide selection of cryptocurrencies. Moreover, they all have the potential for growth and development. They created exchanges that carefully select projects for listing.
- User-friendly interface
- Minimum commissions for both trade turnover and withdrawal
How to deposit money on Binance
Depositing money to the Binance crypto exchange is possible only in cryptocurrency (and any available one). There are no fiat funds (dollars, rubles). This is both a plus and something of a minus.
Those who just want to get into cryptocurrencies need to use exchange services or purchase coins on another exchange and transfer them here.
There are no minimum deposit amounts.
To find out your cryptocurrency wallet address on Binance, go to the “Assets” - “Balances” section. Next, you will see a table with information about your balance. To top up a specific cryptocurrency, you need to select the “Deposit” link on the right:
A page will open with the wallet address for replenishment:
Note
Don't confuse Bitcoin (BTC) and Bitcoin ABC (BCHABC) wallets. These are different cryptocurrencies and their wallet addresses are not connected in any way.
How to withdraw money from Binance
Withdrawal of money occurs completely automatically. Withdrawal commissions are extremely small.
For verified users, the withdrawal limit is 100 Bitcoins per day. For unverified 2 Bitcoins per day.
Verification is not complicated, so you can go through it if you need to quickly withdraw large amounts per day.
To withdraw cryptocurrency, you need to go to the “Asset” - “Balances” tab. For the currency you want to withdraw, click “Withdraw”. After which a page with a form for filling out an application will open:
Note
You can only withdraw whole parts of a coin for all altcoins. For example, you cannot withdraw 3.51134 ADA. You can only withdraw 3.00. The remaining part can be exchanged on the exchange for Bitcoins and withdrawn. For some currencies this restriction has been removed.
How to trade on Binance
Trading on Binance is easy. Everything is done for maximum convenience.
The turnover commission is only 0.1%. But you can enable the “Pay commissions using BNB” checkbox in your account profile and have Binance Coin on your balance, then the commission will be reduced to 0.075%:
There are two trading modes:
- Basic
- Advanced
Personally, I am completely satisfied with the “Main trading mode”. To analyze charts, I use ru.tradingview.com, although Binance also has quite convenient charts with volumes and indicators.
2. Cryptocurrency exchange Exmo (Exmo)
Eksmo mi is the largest crypto exchange in Eastern Europe. It is included in the top 10 ratings of all cryptocurrency exchanges in terms of trading turnover.
Exmo has a simple interface and design. Technical support in Russian. This exchange is generally considered to be Russian.
There is a cashback system (CashBack). Depending on the volume of your trading, this percentage may be different. For example, in case of monthly trading turnover over 10 BTC, 10% of the commission is returned, over 50 BTC - 20%, etc.:
Cashback is credited to your balance automatically on the first day of each month.
How to enter money into Exmo
Depositing money is possible through fiat funds (rubles, dollars, euros, hryvnias and Polish zlat). And also through any cryptocurrency. To top up, go to the "wallet" section, then select the currency you want to top up, then click "top up", select a payment system and enter the amount.
Options for entering rubles into Exmo (fees and options may change over time)
Options for entering dollars in Exmo
Be careful when depositing cryptocurrencies. The exchange has minimal restrictions on cryptocurrency deposits. For example, for Bitcoin this amount is 0.001 btc (100 thousand Satoshi). If you top up by 0.000999 btc, the balance will not be topped up and this amount will be lost.
Many users fall into this situation, so be careful. Do not send amounts less than the minimum possible.
EX CODE codesAlso, as a replenishment option, there is “EX CODE” - these are special codes, by entering which you can instantly top up your balance within the Exmo system (in rubles, dollars, cryptocurrency). You can buy such codes at almost any exchanger.
How to withdraw money from Exmo
Depositing money from the Exmo exchange is similar to input. In the wallet interface, select what you want to withdraw and select the direction.
Any cryptocurrency can be withdrawn with a small commission. Typically this size is 0.01 or 0.001 of the coin. With the development of the exchange and the popularity of EX CODE codes, they are also often used for withdrawal (withdrawn to the exchanger).
How to trade on Exmo
To trade on Exmo you must have a balance other than zero. This can be fiat money or cryptocurrency. Next, go to the trade tab
Below there will be a table with applications. Traders call it the order book:
There are two shapes next to it. Fill in the data in one of them, depending on whether you are making a sale or a purchase and click “send”:
Thus, a limit order (order) will be placed. It may not be executed if you set the price too far from the current value on the market.
If you don’t want to wait, then you can always buy cryptocurrency on the market (a little more expensive), but there is no need to wait and worry that the order may not be executed.
Advantages of Exmo
- Availability of cashback (CashBack)
- Availability of rubles, Russian interface and technical support
- High liquidity
- Rapid development of the exchange
- All popular cryptocurrencies are available
- affiliate program
- Exmo Coin (EXM). Provides benefits to its holders: low trading commissions, participation in IEO, higher referral income.
Reviews about Exmo are positive. All payments and credits have been credited. Withdrawals are carried out without any surprises or delays. I am confident that the exchange will continue to actively develop and improve.
3. Cryptocurrency exchange Bitmex (Bitmex)
Flexible trading commission size. Depending on the contract and transaction (long or short). Commissions for perpetual contracts: 0.025% for opening an order, 0.075% for buying and 0.050% for closing an order.
Perpetual contracts are futures with an expiration date that is always postponed.
By the way, this is one of the few exchanges where you can short (open short positions).
Bitmex has the following cryptocurrencies:
- Bitcoin
- Cardano
- Bitcoin Cash
- Ethereum
- Litecoin
- Ripple
There are no Bitmex applications for Android and IOS
There are several order options:
- Limit
- Market
- Stop limit
In conclusion, it is worth noting that the Bitmex interface leaves much to be desired. Great opportunities will be useful for professional traders. But for beginners this will cause a lot of incomprehensibility. Therefore, Bitmex is an exchange primarily for experienced traders. Small deposit requirements attract beginners here. Nobody forbids them to trade here, but you should understand the risks. Still, there is huge leverage here. Cryptocurrencies are extremely volatile, and with leverage it becomes an extremely risky game.
- High level of security
- There is Russian language
- Low commissions
- No mandatory verification
- Highest liquidity
- Great opportunities for margin trading
- Opportunity to trade down
- Complex interface
- Small number of cryptocurrencies
- Deposits and withdrawals are only possible in Bitcoin
4. Yobit cryptocurrency exchange (Yubit)
Yubit credits all possible forks of Bitcoin and other cryptocurrencies. This, of course, makes him very interesting. After all, you want to receive new coins as quickly and efficiently as possible.
There is an interesting ICO section, which presents some options for raising funds directly from the exchange.
Withdrawals from YOBIT are instant. For example, money arrived on a Sberbank card within 10-30 seconds after withdrawal.
Some may find the YOBIT exchange strange due to its imperfect design. It also “slows down” when choosing a pair (a window opens for 10 seconds), so it is unlikely that you will be able to actively trade here.
Be careful!Be careful when depositing and withdrawing. For example, here the BCC sticker does not mean BitConnect at all, but Bitcoin Cash. Many people make mistakes and send money to the completely wrong wallet.
There is no SMS confirmation option on YOBIT, which personally turns me off. I don't really like using Google and one-time codes.
5. Cryptocurrency exchange LiveCoin (LiveCoin)
The LiveCoin exchange has been around for a very long time and has gained a lot of reviews. In 2016, it was among the top 10 crypto exchanges in terms of turnover, but then began to lose its position.
There are bonuses for trading turnover: commission reduction.
In general, the Livecoin cryptocurrency exchange leaves a pleasant impression. The interface is very clear. Everything is in Russian.
We looked at the four largest Russian-language exchanges. However, there are other options, but they will only be in English and without options for topping up with rubles. Also, there will be no convenient withdrawal other than cryptocurrency.
Cryptocurrency exchanges without fiat fundsWhat to do if the cryptocurrency exchange does not have accessible and convenient options for replenishing your account? In this case, you can always transfer money in cryptocurrency. All exchanges accept crypto coins. In some cases, this is generally the only way to replenish.
For example, there is no fiat money on the BINANCE exchange. There are only cryptocurrency pairs.
Different cryptocurrency ratesCryptocurrency rates may vary slightly on different exchanges. As a rule, this is no more than 7%. There is no single course in the world, so sometimes this situation arises.
The difference of 7% may be due to high or, conversely, too low commissions for inputting different fiat currencies.
6. Which cryptocurrency exchange should a beginner choose?
We reviewed reliable cryptocurrency exchanges. Which one should you choose? Almost all traders are satisfied
Cryptocoin trading is developing every day, and, as a result, the list of world exchanges is regularly updated with new platforms for trading major cryptocurrencies and numerous altcoins.
A cryptocurrency exchange is an online resource that allows you to buy/sell electronic money online.
Today there are more than 300 decentralized exchanges, but if you compare prices for the same currency pair on different exchanges, then among them it is easy to identify the best ones, which allow users the most profitable use the difference in rates and make money on it. This is the so-called cryptocurrency arbitrage - a simple and fast way to make money on crypto.
- #1 exchange in the world in terms of trading volume;
- supports fiat money: RUB, UAH, EUR, KZT and others;
- availability of margin trading: trading with leverage from x2;
- fastest growing Chinese exchange with its own cryptocurrency BNB, which was created with the goal of attracting seed funding with the help of;
- traders are attracted low commissions - 0.1%;
- it is important to note high performance: the exchange processes up to 1.4 million orders per second;
- the site supports most popular cryptocurrencies and makes it possible to create one for each of them;
- provides wide range of professional tools for trading and analytics.
2.
- Top trading platform with high daily turnover and at the same time reliable storage with the highest possible security measures;
- On the market since 2014: no hacking or theft of user funds;
- Easy registration in the system and the absence of mandatory verification;
- Works only with cryptocurrency, fiat does not support;
- Low commissions on transactions;
- Liquidity for the XBT/USD pair – 1500%;
- Record leverage: up to x100 on ;
- High leverage on contracts in altcoins and possibility of margin trading with leverage 100x;
- Trading contracts no expiration date;
- No restrictions on withdrawal(only possible in bitcoins);
- Manual request processing to withdraw funds;
- Continuous checking of balances and account history;
- Demo trading in test mode;
- Advanced API;
- Multifactor security system;
- Russian-language trader chat;
- Fast technical support 24/7: average response time is 1 hour.
3.
- top Russian-language crypto exchange, which is different high safety requirements(this is why a large number of trading pairs are not added, and the emphasis is on the main cryptocurrencies);
- the exchange offers the possibility of withdrawal to rubles, dollars and euros(the most popular pairs are BTC/RUB, BTC/USD, /RUB, ETH/USD);
- is different high speed: transfers within the network take literally a few seconds, and withdrawals take from 5 to 30 minutes;
- low commission – 0.2% per transaction.
4.
- 3rd place in the world ranking of cryptocurrency exchanges in terms of total trading volume, which is more than $518 billion in 24 hours ( according to CoinMarketCap);
- reliability: 5 years of experience in digital asset financial services;
- Demand: the total volume of user assets on the platform exceeds $10 billion;
- Increased security: the platform uses a specialized distributed system of protection against hacker attacks, and 98% of user funds are stored offline in “cold” multi-signature wallets;
- User Focus: priority compensation system and investor protection fund;
- An ever-expanding global ecosystem: service centers around the world;
- Multilingual: interface with support for 13 languages, including Russian;
- Huobi cashback privileges: invite friends and get 30% of their commissions;
- Multi-platform access: mobile applications for all platforms (iOS, Android, Windows and Mac).
5.
- One of the world's leading trading platforms with high trading volumes;
- International focus: providing services worldwide and offices in almost a hundred countries;
- License to provide services in EU countries;
- Easy registration and lack of mandatory verification;
- High speed: processing 1.6 million orders per second;
- In the listing - more than 300 trading pairs and regular updating of the listing with new coins;
- No commission for Makers and the commission is only 0.1% of the trading transaction amount for Takers;
- Native BF token, mined using the trans-fee model;
- Buying cryptocurrency using VISA and MasterCard credit cards;
- Reliable solutions for managing account security: 2 FA, linking to email, phone number, trading password.
6.
- Popular Hong Kong crypto exchange, focused including to the Russian market and translated into Russian;
- Cryptocurrency trading immediately after registration, to trade fiat you need to pass verification;
- Spot trading of major cryptocurrencies such as Bitcoin (half of all trades), EOS, Litecoin, NEO, Monero and many others - total 130+ liquid digital assets;
- Translation of the site into 9 languages, including Russian;
- Fiat support: euro (EUR), US dollar (USD), British pound (GBP), Japanese yen (JPY);
- Possibility to open 3 separate accounts: credit, margin and trading;
- Opportunity for investors make money by investing successful traders;
- 8 types of orders: classic and their specific modifications;
- Margin trading: with leverage up to x3.3 for a wide range of assets;
- Wide range of products available: trading in tokens, futures and other effective financial instruments;
- High liquidity of the platform due to extensive internal resources and partner support;
- One of the most advanced trading terminals on the market with convenient graphical tools for data visualization;
- 24/7 technical support in Russian.
7.
- a large number of trading pairs: > 300 exchange directions;
- no mandatory verification, the ability to trade anonymously;
- low withdrawal fees up to their complete absence (for example, for NEO);
- a large number of professional technical analysis tools and a chart for constructing tradingview strategies;
- high level of safety and security clients' monetary assets;
- competent and responsive technical support, which quickly solves user problems.
8.
- Global multifunctional, providing access to a highly liquid order book for the most popular currency pairs on the world market;
- Works in 99% of countries in the world, including 24 US states, has more than 2.9 million customers;
- Legal activities: official registration in the UK, MSB status in FinCEN and other licenses;
- Lack of mandatory verification;
- Working with fiat: deposits and withdrawals of USD, EUR, GBP, RUB;
- Active support Russian ruble and ruble bank cards;
- Margin trading: leverage x2 or x3;
- High platform security: 2FA, protection against DDoS attacks, data encryption, PCI DSS certificate;
- Improved, transparent reporting;
- 24/7 technical support service with Russian language support;
9.
- Large Chinese crypto exchange, launched in 2017 based on the popular bw.com pool;
- Financial support from major investors and partnerships with the famous crypto exchange ZB.com, which provides BW.com with trading and technical support;
- Top 15 in the world ranking by trade turnover;
- Website in 4 languages: English, Russian, Chinese and Korean;
- No mandatory verification;
- High liquidity platforms;
- Access to 100+ digital assets, including new and rare coins;
- Deposit and withdrawal only in cryptocurrency, fiat currencies are not supported;
- Low trading commission- 0.1% for all traders and zero commission for traders with Market Maker status;
- Opportunity withdraw very large amounts- up to 120 BTC;
- Own internal currency B.W.B.;
- API interface;
- Official mobile application for Android and iOS.
10.
- another popular exchange among traders from the CIS, which has already occupied its niche in the market;
- makes it possible to withdraw both in dollars and rubles(leader in trading volume in the BTC/RUB direction);
- offers a large number of currency pairs;
- comfortable and functional interface with Russian language support;
- increased level of protection(strong encryption and programming, two-factor authentication);
- 24/7 support service in Russian and English.
Top Cryptocurrency Exchanges by Trading Volume
The financial turnover shown by the trading exchange speaks about its scale, success and influence in the cryptocurrency market. Daily trading volume is the most important indicator that clearly reflects the degree popularity and demand exchanges among traders.
Being at the top in terms of trading volume means having a larger number of active users who daily carry out large transactions with various crypto coins (both top ones in terms of capitalization and new young currencies).
The top largest cryptocurrency exchanges by daily turnover are as follows:
# Cryptocurrency exchange Address Trading volume, 24 hours (BTC) 1 Binance 1 267 392 2 BitMEX 1 210 072 3 OKEX 74 013 4 Huobi 69 400 5 60 862 6 B.W. 60 770 7 60 737 8 CEX 56 576 9 Exmo 2 120 10 Livecoin 1 990 The best Russian-language cryptocurrency exchanges
Agree, it is always more convenient and clearer to use services that support the language through which you build daily communication.
The likelihood of success on the cryptocurrency exchange will be much higher with a maximum understanding of all the mechanisms taking place.
Therefore, the presence of a Russian-language website and a convenient trading interface are undoubted advantages of the exchange when it comes to Russian-speaking users. Russian exchanges are developed for Russia and the CIS countries, which means that local realities and market characteristics, as well as the wishes and capabilities of the local audience are taken into account. They are better suited than other trading platforms for trading in Russian and for buying cryptocurrency for rubles.
More and more Russians are choosing cryptocurrency as an investment instrument.
As of January 2020, Russia is among the TOP 5 countries in terms of the popularity of cryptocurrencies.
This fact will be taken into account both when developing new trading platforms and when updating existing ones, and other platforms will be added to the top Russian-language exchanges in the very near future.
The Best Cryptocurrency Exchanges for Beginners
If you are just starting your cryptocurrency history, you need to choose those sites that were developed with potential new users in mind. Among all the exchanges presented, there are real sharks capable of gobbling up a still sluggish and insecure user in no time. And he just needs a little time and more favorable trading conditions to get used to it, get used to the work scheme, learn the necessary tools and only then go to great lengths.
We always focus on the fact that in the case of cryptocurrency there should be no room for hasty and rash decisions. That's why you need to enter the market in small but confident steps.
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So, if it comes to Which exchange is better to trade on? For a beginner in cryptocurrency, we first of all recommend the following sites:
- Binance
- Huobi -
- Exmo –
These are the best cryptocurrency exchanges for a new user just starting to dive into the topic of digital assets. They will allow him to carry out effective trades even at the very beginning of his trading career. The main thing is to start right.
Top 10 cryptocurrency exchanges according to traders' reviews in 2020
Reviews are something that can give the most objective assessment of a product/service/service. In theory, you can endlessly talk about the advantages, criticize for the disadvantages, using “smart” terms and drawing loud conclusions. However real user experience, which traders share, gives the most truthful picture of the work from one or another cryptocurrency exchange.
Discussions take place on the largest forums about cryptocurrencies, users share their opinions, leave reviews, form ratings, give advice to beginners, analyze the latest news in the field, evaluate new young coins and exchanges.
# Cryptocurrency exchange Address Number of pairs Year of foundation 1 Binance 544 2017 2 Huobi 500 2013 3 BitMEX 490 2017 4 458 2017 5 OKEX 447 2017 6 Livecoin 287 2013 7 176 2018 8 B.W. 175 2013 9 Exmo 154 2013 10 CEX 53 2013 TOP 5 cryptocurrency exchanges with money withdrawal in 2020
The options for withdrawing funds from the cryptocurrency exchange are quite varied. And among all the other advantages of exchanges, platforms with simple and profitable withdrawal of digital assets deserve special attention from traders. Moreover, on some exchanges you can withdraw money only through several major payment systems, while on others you can make bank transfers or credits from/to a card and even immediately withdraw fiat money.
But it is worth noting that not all exchanges work with fiat money. Below are the top trading services with withdrawals in rubles, dollars or euros.
Top 3 cryptocurrency exchanges without verification for withdrawal
Incredible but true: exchanges still exist on the Internet without identity verification. Although, on the other hand, it is not surprising that many investors who decide to invest in certain digital assets want to maintain complete anonymity. Almost all major exchanges have introduced mandatory identity verification of each user.
But there are also those who have not deviated from the original postulates of cryptography and do not require verification, thereby allowing users to remain anonymous. In addition to anonymity, these sites also offer favorable trading conditions.
The most popular exchanges without mandatory identity verification are:
- Binance
- Huobi -
- BitMex –
- Exmo –
The absence of mandatory verification on these services and the ability to conduct transactions anonymously give users another advantage - saving time. And time means extra money. A very profitable combo, you will agree.
Rating of cryptocurrency exchanges based on the amount of commission charged when trading
Information about commissions charged by exchanges for transactions carried out is freely available and is usually published on the official website of the exchange. Therefore, one of the important criteria for choosing a trading platform is, of course, the size of the transaction fee, because on different platforms you will find different numbers. It's obvious that the lower the commission, the higher your earnings will be.
The best exchanges with margin trading
Margin trading- this is the carrying out of trading operations with cryptocurrency using funds that the exchange provides to the trader on credit against the security of an agreed amount - margin. Simply put, this is a temporary loan.
But a margin loan differs from a regular loan in that the amount received is usually several times greater than the amount of collateral (margin).
When trading on margin, the trader uses broker funds, leaving him a relatively small deposit from his own deposit. And thereby gains access to “leverage”, allowing him to enter into transactions for amounts several times greater than his own capital. Thus, trading on margin affects the size of trades and potential profits.
For example, when trading with a leverage of 100x, the exchange multiplies the user’s tokens by 100 times, and he trades as if it were his money. That is, he has not 1 bitcoin, but 100, not 10 ethers, but 1000. Accordingly, you can earn much more with such capital.
Usage margin leverage allows small and medium-sized traders to work with large lots, even if they do not have their own substantial capital. In this case, it is possible to buy and sell any currencies, regardless of the monetary unit in which the user opened a deposit.
Profitability of margin trading:
For the trader
- The ability to repeatedly increase the volume of operations without increasing the required start-up capital;
- Transactions in capital-intensive markets even without having significant amounts of money of your own.
For broker
- Increasing broker commission fees as traders carry out transactions for larger amounts;
- Expanding the circle of potential clients by lowering the minimum capital threshold required for transactions.
True, margin trading with high leverage may carry serious risks for beginner traders who do not yet have practice. Any margin trading is trading with high risks.
To reduce risks, a tool called margin call is used - a moment when a trader urgently needs to replenish his account, otherwise current contracts will be cancelled. On average, a margin call is 25% of a trader's account. That is, with an account of $1000, when $250 remains on it, the broker will make a stop out to close the current position.
Both new and experienced traders should always remember that trading on margin requires as carefully as possible and use only those funds that can be spent without serious damage to the financial situation.
The best exchanges for trading cryptocurrencies with leverage:
# Exchange Link Leverage size 1 Bitmex Why is it so important to choose the right cryptocurrency exchange?
As we have already noted, at one point, everyone who has plunged into the world of digital currencies is faced with the need to choose a trading platform. Each of the currently existing cryptocurrency exchanges has its own strengths and weaknesses. Somewhere you will find advanced security settings, but a small selection of currency pairs. Another exchange has a convenient interface, but does not support fiat money, etc.
Therefore, it is best to select an exchange based on your specific goals at the moment. Moreover, it is not at all necessary to limit yourself to one trading platform.
One can be used for the purchase of crypto coins with a long-term perspective, the other can be used for everyday trading, and the third can be used for transactions with less common cryptocurrencies that are not available on other exchanges. And then the fourth and fifth can go. There are many options and you are not limited by anything.
However, it is worth noting that when registering on any crypto exchange, you automatically entrust your savings to third parties (service developers). Decentralized cryptocurrency exchanges are just beginning to emerge. Undoubtedly, the future lies with them, as they will provide users with complete control over monetary assets (private keys, the use of cryptography). But for now, traditional centralized trading platforms are in use, so choosing a cryptocurrency exchange it is worth approaching doubly carefully.
Basic criteria for choosing an exchange for trading cryptocurrency
Now the Internet is replete with offers to register on one or another cryptocurrency exchange. But in this rapid and constantly changing flow of information, it is important to navigate and choose for yourself the platform that will maximally satisfy your current needs and will contribute to the constant increase in digital capital.
So, when choosing a cryptocurrency exchange, pay attention to:
- Reliability rating and reputation. The better reviews an exchange has on popular crypto forums like bitcointalk or Reddit, the better you'll sleep at night. You should not deposit funds on an exchange with a controversial reputation. We advise you to listen to the advice and experience of other users and choose proven sites.
- Commission size. All cryptocurrency exchanges, like any other exchangers, charge some percentage of commission for their services. It varies depending on the exchange, with an average of 0.2%. Recently, exchanges have not set a constant commission amount, but have made it dynamic: the commission percentage decreases with increasing trading volume.
- Number of trading pairs. The greater the selection of currency pairs offered on the exchange, the more tools you have for making money. These can be either the most popular highly liquid cryptocurrencies (TOP 10 at your disposal) or less liquid altcoins. However, you need to remember that quantity is not always the key to success. It is much more important to have an optimal set of trading pairs that can provide an efficient and effective trading process.
- Daily cash flow. The higher the trading volume of the exchange, the greater the prospects for earning money you get. An exchange where the trading volume is $50 per day is unlikely to provide you with high earnings. The exchange’s high daily turnover indicates its success, popularity and influence throughout the cryptocurrency market.
- Payment options. A wide range of payment methods gives you more options for transactions with digital assets. Thus, some exchanges work exclusively with cryptocurrencies and do not support fiat money, while others allow the use of any monetary assets.
- Requirements for user verification. On different exchanges, the requirements for new users may differ: some set strict limits and greatly limit trading opportunities, others are more loyal to unverified users, but set a limit for daily trading turnover. There are also exchanges that do not require identity verification, allowing users to remain completely anonymous.
- Convenient user interface. The more tools for analysis and statistics on the exchange and the more comfortable it is to use them, the faster and more efficient the trading process will be. It is also important to have statistics on ongoing operations and tools for technical and graphical analysis, which allow you to correctly assess the market situation.
- Location of the trading exchange. Some sites operating in one state may be closed to users from other countries. Most often, these are Japanese and South Korean exchanges, which are very attractive for cryptocurrency transactions, but are available only to residents of these countries. Keeping your shirt closer to your body also works in the case of cryptocurrency exchanges and other trading platforms. After all, the better you understand all the processes carried out on the stock exchange, the more effective your trading will be.
- Responsiveness of the support service. The faster and more productive it works, the more transactions with cryptocurrencies you can carry out, as well as get professional help if a problem arises.
Make the right choice and super-profitable trading!
Official cryptocurrency exchanges are reliable services for trading cryptocurrency pairs. It is precisely such sites that should be given preference so as not to worry about the safety of your invested funds. Let's take a closer look at the TOP 5 official exchanges, based on the following parameters: security, commission size, number of supported cryptocurrencies, ease of use and many others.
Official European cryptocurrency exchange CEX
Home page of the cryptocurrency exchange cex.io
At the time of writing, the basic data on the exchange is as follows:
- Number of users - 2543096.
- Daily trading volume is 3179.3 BTC.
List of cex.io exchange certificates
Back in 2013, the site owned the leading pool GHash.IO, whose activities were discontinued later. The exchange continues to develop, and more and more opportunities appear every year. One of the most important advantages of the official CEX cryptocurrency exchange is that there has not been a single case of theft of funds during its entire operation.
When registering, you must confirm your email and phone number by entering codes that are sent by email and SMS. After these steps, the account interface is available. It is worth noting that despite Russian localization, the site has only been partially translated. However, this will not cause discomfort when using, because everything is intuitive.
The exchange menu is located in the header of the site and, compared to other platforms, looks very minimalistic. There are tabs here:
- Exchange. It supports the purchase of 8 types of cryptocurrencies (Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, Ripple, Stellar and Zetcash) for 4 types of fiat currencies (dollar, euro, pound sterling, ruble).
- Bargaining. When you click on this tab, the system prompts you to enable two-factor authentication for additional security. The user can choose the verification method via SMS or in the Google Authenticator application. You can also refuse additional authentication, but you will need to confirm that you understand the risks of this decision. After going directly to the tab itself, a chart and forms for selecting the pair of interest for trading opens.
- Finance. This tab opens a more advanced second-level menu. This is where you can view account balances, top up or withdraw funds, view the history of transactions, payments and orders, study limits and commissions, and undergo verification to obtain an account with more advanced capabilities.
- Cards. Here you can link bank cards to your account on the service.
- Affiliate. The tab will be of interest to those who plan to develop a referral network and receive 30% of the commission that will be paid by attracted users.
- Buy and sell Bitcoins.
- Trade cryptocurrency.
- Use a wallet.
- Account settings.
- History of activity in your account.
- Connecting social networks - Facebook, Google Plus, VK, GitHub.
- Verification.
- Logging out of your account.
To more clearly explain their advantages in terms of limits, we have collected data on entering the exchange in the following table:
| Method and fees | Basic | Verified | Verified Plus | Corporate | |
| USD | Visa/Mastercard, 3.5% | 20–1000 USD. 1000 daily; 3000 monthly. | 20–3000 USD. 3000 daily; 30,000 monthly. | 20–5000 USD. 10,000 daily; 100,000 monthly. |
|
| Bank transfer, no commission | - | 1000–200,000 USD. 200,000 daily; 500,000 monthly. | From 1000 USD for 1 operation. There are no limits. | From 10,000 USD for 1 operation. There are no limits. | |
| CryptoCapital, no commission | |||||
| EUR | Visa/Mastercard, 3.5% | 20–1000 EUR. 1000 daily; 3000 monthly. | 20–3000 EUR. 3000 daily; 30 000 monthly. | 20–10,000 EUR. 10,000 daily; 100 000 monthly. | 20–5000 EUR. 3000 daily; 30 000 monthly. |
| Bank transfer, no commission | - | 1000–200,000 EUR. 200,000 daily; 500 000 monthly. | From 1000 EUR for 1 operation. There are no limits. | ||
| CryptoCapital, no commission | |||||
| GBP | Visa/Mastercard, 3.5% | 15–800 GBP. 800 daily; 2000 monthly. | 15–2000 GBP. 2000 daily; 20,000 monthly. | 15–7500 GBP. 8000 daily; 80,000 monthly. | 15–3750 GBP. 8000 daily; 80,000 monthly. |
| Bank transfer, no commission | - | 1000–100,000 GBP. 100,000 daily; 500,000 monthly. | 1000–100,000 GBP. There are no limits. | 10,000–100,000 GBP. There are no limits. |
|
| CryptoCapital, no commission | From 80 GBP for 1 transaction. Daily and monthly limits are unlimited. | ||||
| RUB | Visa/Mastercard, 5% + 15.57 RUB | 1200–60 000 RUB. 60,000 daily; 180,000 monthly. | RUB 1,200–180,000. 180,000 daily; 1,800,000 monthly. | RUB 1,200–600,000. 600,000 daily; 6,000,000 monthly. |
|
| BTC | No commission | from 0.0001 | |||
| BCH | |||||
| BTG | |||||
| DASH | |||||
| ZEC | |||||
| ETH | from 0.001 | ||||
| XLM | No limits | ||||
| XRP | |||||
In the following table we have collected data on commissions and limits for withdrawing funds from the CEX exchange:
| Method and fees | Basic | Verified | Verified Plus | Corporate | |
| USD | Visa, 3.8 USD | 20–1000 USD. 1000 daily; 3000 monthly. | 20–3000 USD. 5000 daily; 30,000 monthly. | 20–5000 USD. 10,000 daily; 50,000 monthly. |
|
| Mastercard, 1.2% + 3.8 USD | |||||
| CryptoCapital, 1% | - | From 100 USD for 1 operation. Daily and monthly limits are unlimited. | |||
| EUR | Visa, 3.5 EUR | 20–1000 EUR. 1000 daily; 3000 monthly. | 20–3000 EUR. 5000 daily; 30 000 monthly. | 20–5,000 EUR. 10,000 daily; 50 000 monthly. |
|
| Mastercard, 1.2% + 3.5 EUR | |||||
| Bank transfer, 25 EUR | - | 5000–200,000 EUR. 200,000 daily; 500 000 monthly. | From 10,000 EUR for 1 operation. There are no limits. | ||
| SEPA, 1 EUR | 100,000–300,000 EUR. 500,000 daily; 1 000 000 monthly. | From 100 EUR for 1 operation. There are no limits. | From 10,000 EUR for 1 operation. There are no limits. | ||
| CryptoCapital, 1% | From 100 EUR for 1 operation. Daily and monthly limits are unlimited. | ||||
| GBP | Visa, 2.9 GBP | 15–800 GBP. 800 daily; 2000 monthly. | 15–2250 GBP. 3750 daily; 22,500 monthly. | 15–3750 GBP. 7500 daily; 37,500 monthly. |
|
| Mastercard, 1.2% + 2.9 GBP | |||||
| Bank transfer, 30 GBP | - | 80–50,000 GBP. 50,000 daily; 300,000 monthly. | 80–50,000 GBP. 50,000 daily; 500,000 monthly. |
||
| CryptoCapital, 1% | From 100 GBP for 1 transaction. Daily and monthly limits are unlimited. | From 10,000 GBP for 1 transaction. Daily and monthly limits are unlimited. | |||
| RUB | Visa/Mastercard, 2.5% + 30 RUB | 1200–60 000 RUB. 60,000 daily; 180,000 monthly. | 1200–75 000 RUB. 120,000 daily; 1,800,000 monthly. | 1200–75 000 RUB. 600,000 daily; 3,000,000 monthly. |
|
| BTC | 0.0005 | from 0.01 | |||
| BCH | 0.001 | ||||
| BTG | 0.001 | ||||
| DASH | 0.01 | from 0.1 | |||
| ZEC | 0.001 | ||||
| ETH | 0.01 | from 0.01 | |||
| XLM | 0.00001 | from 0.1 | |||
| XRP | 0.02 | from 0.1 | |||
Trading commissions depend on trading volume and are presented as follows:
| Trading volume for 30 days in BTC | Maker (order creator) in % | |
| Up to 5 | 0.25 | 0.16 |
| Up to 30 | 0.23 | 0.15 |
| Up to 50 | 0.21 | 0.13 |
| Up to 100 | 0.2 | 0.12 |
| Up to 200 | 0.18 | 0.1 |
| Up to 1000 | 0.15 | 0.08 |
| Up to 3000 | 0.13 | 0.04 |
| Up to 6000 | 0.11 | 0 |
| From 6000 | 0.1 |
So, the features of the official CEX exchange:
- Support for Russian-language interface.
- Support for ruble accounts.
- Availability of many trading tools.
- Accrual of commissions according to the Maker-Taker scheme (depending on trading volume). The minimum fee for sellers is 0.16%, for buyers - 0.25%.
- Possibility of margin trading with commissions of 0.2% for opening and 0.01% for renewal.
- Mobile application for market analysis, price monitoring, placing and canceling orders, replenishing BTC and LTC accounts. Versions for Android and iOS have been developed.
- Two-factor authentication and binding of an alternative e-mail to increase the level of security.
- Linking to an account on the exchange of social network accounts.
- Fast and competent user support service, a structured and extensive FAQ section.
- Referral program - 30% of commissions of attracted users.
Video review of the exchange:
The official CEX exchange has all the necessary licenses and certificates that allow it to work within the legal framework and protect the interests of users. The service's management is actively working in the field of combating fraud and ensuring confidentiality. That is why the cex.io platform has been occupying a leading position for a long time, and the number of users on it is only growing.
The official website of the cryptocurrency exchange is cex.io.
Official American exchange Coinbase - terms of use and features
Window for creating a Bitcoin address on the Coinbase exchange
Coinbase (coinbase.com) is one of the largest official cryptocurrency exchanges. It was founded in June 2012 and is registered in the UK, but is headquartered in San Francisco, California, USA. The company managed to attract huge investments (about $217 million) from global investors, including Ribbit Capital, USAA, SVAngel, USV, MUFG, FundersClub, Adam Draper, Greg Kidd and others. The exchange has received a license in most US states; you can learn more about them at coinbase.com/legal/licenses.
Takes the issue of security and confidentiality very seriously. In this regard, the user must go through a lengthy account verification procedure to start working on the service. Another feature of the site is support for a limited number of countries. The service operates in 33 countries, including Ukraine, Russia, and Belarus. However, this does not mean that users from the CIS cannot register, it’s just that the functionality for them is very limited - entering cryptocurrency and sending it to other addresses.
It’s interesting that the commission system is implemented. If you create your order according to the limit, and not according to the market, and the transaction is completed, then you do not pay the commission, being the Taker (order creator) in this operation. For Makers (participants who make transactions on other people's orders), the commission fee depends on the monthly trading volume:
- up to 10 million USD - 0.3%;
- 10–100 million USD - 0.2%;
- from 100 million USD - 0.1%.
Features of the official coinbase.com exchange:
- Ability to generate a new address for each cryptocurrency transaction.
- Availability of a reliable trading platform Coinbase Pro with insurance for individual assets (pro.coinbase.com).
- Availability of the Coinbase Prime trading platform for institutional clients (prime.coinbase.com).
- Digital asset management for institutions through the Coinbase Custody program (custody.coinbase.com)
- Availability of a platform for developers Coinbase Developers with APIs for integrating cryptocurrencies into new and existing applications (developers.coinbase.com).
- Coinbase Commerce system, which allows you to accept payments in digital currency (commerce.coinbase.com).
- A referral program that allows you to receive 10 dollars for each transaction of an attracted user over 100 dollars.
- No transaction fee for your order.
The official website of the cryptocurrency exchange is coinbase.com.
Official Kraken exchange - commissions, features of depositing and withdrawing funds
Kraken cryptocurrency exchange interface
The Kraken exchange (kraken.com) was founded in San Francisco in 2011. During this time, she managed to earn an impeccable reputation, collaborating with the German financial regulator BaFin, as well as with Fidor Bank (Germany).
The kraken.com website cannot be called user-friendly in terms of interface simplicity. It will still take some time to figure out the menu. In addition, there is no Russian-language version of the interface. It offers trading tools for advanced brokers and the service as a whole positions itself as a serious platform for investors. At the time of writing, the daily trading volume on the official Kraken exchange is 4272.55 BTC.
For professional traders, the exchange offers 2 interfaces - the standard trade.kraken.com:
Platform for traders on the Kraken exchange
And also additional cryptowat.ch:
What additional cryptowat.ch looks like
You can make a deposit to your account in the ACCOUNT section, in the Funding tab. The same option is supported if you click on your nickname in the system (it is located in the upper right corner).
Users on the platform are provided with 4 levels of accounts. You can check and change them in the ACCOUNT section. Limits are set depending on the account level. After registration, the user is assigned a level 0 account - at this stage, you can neither make a deposit nor withdraw funds.
As for the 4 working levels of an account on the official exchange kraken.com, we have collected data on limits and verification in the table below:
| Level | Currencies | Daily deposit/withdrawal limit | Monthly deposit/withdrawal limit | Requirements for obtaining |
| 1 | fiat | unavailable | unavailable | Full name, date of birth, country, phone number |
| cryptocurrency | unlimited/2500 USD | unlimited/20000 USD | ||
| 2 | fiat | 2000/2000 USD | 10000/10000 USD | 1st level + address confirmation |
| cryptocurrency | unlimited/5000 USD | unlimited/50000 USD | ||
| 3 | fiat | 25000/25000 USD | 200000/200000 USD | 2nd level + TIN, proof of actual address, ID |
| cryptocurrency | unlimited/50000 USD | unlimited/200000 USD | ||
| 4 | fiat | 100000/100000 USD | 500000/500000 USD | Level 3 + contact support |
| cryptocurrency | unlimited/100,000 USD | unlimited/500000 USD |
Providing personal information is necessary to prevent fraud. The Kraken service fully complies with KYC and AML rules for trading digital assets.
As for replenishing a fiat account in the system, residents of the CIS countries can use bank transfers in euros and dollars (commission - 10 USD/EUR). There are no additional fees for entering Canadian dollars.
Withdrawal of funds is also carried out via bank transfer, but the commission in this case will be 60 USD/EUR. For users from the EU, USA, Japan and Canada, commission fees are several times lower, so we can conclude that Kraken is poorly targeted at Russian-speaking users.
As for trading commissions, they, as on other services, depend on the trading volume. For most trading pairs, the payment is 0.16–0.26% (for volume up to 50 thousand dollars for Maker and Taker, respectively). For USDTUSD, the fee for a volume up to 50,000 USD is 0.2% (the same for Maker and Taker). For some pairs with Ethereum (ETHXBT.d, ETHCAD.d, ETHEUR.d, ETHGBP.d, ETHJPY.d, ETHUSD.d) and Bitcoin (XBTCAD.d, XBTEUR.d, XBTGBP.d, XBTJPY.d, XBTUSD .d) the commission for trading volumes up to 50K USD is 0.36%.
Features of the official American exchange Kraken:
- Availability of professional trading platforms trade.kraken.com and cryptowat.ch with a wide range of tools.
- Deposit and withdrawal of funds via bank transfers.
- Supports Bitcoin (XBT), Ethereum (ETH), Bitcoin Cash (BCH), Monero (XMR), Dash (DASH), Litecoin (LTC), Ripple (XRP), Stellar/Lumens (XLM), Ethereum Classic (ETC), Augur REP tokens (REP), ICONOMI (ICN), Melon (MLN), Zcash (ZEC), Dogecoin (XDG), Tether (USDT), Gnosis (GNO), EOS (EOS).
- Support for fiat accounts: euro, dollar, Canadian dollar, Japanese yen.
- Full compliance with regulatory legislation.
- Possibility of additional account protection with two-factor authentication, email address binding, master key, and setting global settings.
If we consider the Kraken exchange from the perspective of a Russian-speaking user, the disadvantages are obvious: the absence of the Russian language on the site, the inability to create a ruble account, high commissions and a minimal choice of methods for depositing/withdrawing funds. There are more positive reviews about the service in the global crypto community.
The official website of the cryptocurrency exchange is kraken.com.
Bitstamp official exchange - features and conditions
Bitstamp crypto exchange page
The Bitstamp exchange (bitstamp.net) has earned a very good reputation as a professional platform for trading cryptocurrency. The company was founded in 2011 and is currently one of the leaders in reliability and safety. Bitstamp's payment department is located in Luxembourg, its exchange department is in London, and its office is in New York.
The company's CEO, Nej Kodrić, is a well-known member of the Bitcoin community. He puts a lot of effort into improving the service. Bitstamp is constantly evolving, offering clients improved trading tools and an increased level of security.
Depositing dollars and euros for users from the CIS is carried out through international bank transfers with a commission of 0.05% (from 7.5 to 300 USD). The operation takes from 2 to 5 working days. Withdrawal of fiat currencies occurs with a commission of 0.09% (from 15 USD/EUR), additional fees may be charged by the bank.
There are no additional fees for depositing/withdrawing cryptocurrency. However, when using BitGo Instant, 0.1% of the withdrawal amount is withheld. As for the supported cryptocurrencies, there are not many options - Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash.
The bitstamp.net exchange also has restrictions on the minimum trading amount. It is 5 units of national currency. For Bitcoin this figure is 0.001 BTC. In addition, the exchange has developed a professional trading platform for traders.
What does the Tradeview platform look like on bitstamp.net
The trading commission depends on the monthly trading volume and ranges from 0.1% (for volumes over 20 million USD) to 0.25% (for volumes up to 20 thousand USD).
Features of the official European exchange Bitstamp:
- Limited number of supported cryptocurrencies (5 in total).
- 0.25% commission on trading. Decreases depending on monthly trading volume.
- Depositing and withdrawing money via bank transfers.
- Professional trading platform bitstamp.net/market/tradeview/ with wide functionality.
- Access to most features after identity verification and data verification.
The official website of the cryptocurrency exchange is bitstamp.net.
Official Poloniex exchange - service history, interface, commissions
Registration of the Poloniex exchange
(poloniex.com) is an exchange founded in 2014. The main office is located in Boston, USA. The service has a European representative office in London - Circle Trade Europe Limited. In February 2018, the news reported that the London-based company Circle had purchased Polonics, but the details of the deal were not officially disclosed.
The history of the exchange is interesting, but thorny. A few months after its creation, in March 2014, the site was hacked, resulting in the theft of 12.3% of the total amount of Bitcoins held. However, the company took responsibility and fulfilled its obligations to users affected by the theft of funds.
In May 2017, a DDoS attack was carried out on poloniex.com. Within a few minutes, a large order was placed to sell Ether. In October of the same year, there was another scandal - several fraudulent applications on Google Play were allegedly linked to Poloniex and revealed data about Gmail accounts.
The service was closed for registration for some time. In May 2018, despite denials and guarantees, the accounts of unidentified users were frozen indefinitely on the exchange. Now you can create an account on poloniex.com, but to use all the functionality you need to go through verification. To do this, after registration, you must enter your real first and last name, address and city of residence, and upload a scan of your passport or driver’s license.
Only after the data has been confirmed will the account be able to make a deposit. Here it is worth immediately noting several features of using the service. In connection with the fight against scammers, if there is no action on the site for a long period, a captcha appears with an open interface. If you are busy with something and just have an open schedule, then this is periodically annoying. It is also worth noting that there is no Russian-language version of the site.
The control panel in your personal account is intuitive and simple. All buttons and links are located in the site header:
- Exchange- a tab with charts for trading, forms for placing orders. At the very bottom there is a window with trading history.
- Margin trading- a tab with charts and forms for filling out orders for margin trading. It is noteworthy that the balance here is separate, so before trading, you need to transfer funds to a margin account.
- Lending- tab with loan offers and requirements.
- Balances- when you open the detailed menu, you can move funds between your balances, deposit and withdraw money, and account history.
- Orders- when you open the extended menu, you have access to open orders and transaction history.
Now let's look at commissions. There is no commission fee for depositing funds. The Polonix exchange does not support fiat currencies, but it is worth noting that there is Tether USD (USDT). As for the conclusion, the current information on the most popular cryptocurrencies at the time of writing is summarized in the table below:
| Bitcoin Cash (BCH) | 0.0001 |
| Bitcoin (BTC) | 0.0005 |
| Dash (DASH) | 0.01 |
| Ethereum (ETH) | 0.01 |
| Ethereum Classic (ETC) | 0.01 |
| Stellar (STR) | 0.00001 |
| Litecoin (LTC) | 0.001 |
| Ripple (XRP) | 0.15 |
| Monero (XMR) | 0.015 |
| NEM (XEM) | 15 |
At the time of writing, the official Poloniex exchange supports 55 cryptocurrencies. If we talk about trading commissions, their size depends on the trading volume:
| Trading volume for 30 days in dollars | Maker (order creator) in % | Taker (participant of someone else's order) in % |
| Up to 500,000 | 0.1 | 0.2 |
| From 500,000 | 0.08 | |
| From 1,000,000 | 0.06 | |
| From 2,500,000 | 0.04 | |
| From 5,000,000 | 0.02 | |
| From 7,500,000 | 0 | |
| From 10,000,000 | 0.18 | |
| From 15,000,000 | 0.16 | |
| From 20,000,000 | 0.14 | |
| From 25,000,000 | 0.12 | |
| From 30,000,000 | 0.1 |
Among the features of the Poloniex exchange, we note:
- The need for lengthy and complete account verification before replenishing the balance.
- Possibility of margin trading and lending.
- No fiat accounts.
- Free deposit of funds without commissions.
- Trading commission depends on trading volume.
- Convenient mobile version of the site.
The official website of the cryptocurrency exchange is poloniex.com.
Currently, there are many exchange platforms on the market that offer users a wide range of trading opportunities and tools. We reviewed only the TOP 5 best official exchanges in the USA and Europe. However, the New Zealand Cryptopia (cryptopia.co.nz), and the popular exchange operating under UK law (official website exmo.com or exmo.me), and Bittrex (bittrex.com, USA) also deserve attention. All of the above services are reliable, safe and carefully monitor their reputation.
Every experienced cryptocurrency user understands well that cryptocurrency exchanges are the best option for exchanging regular money for digital coins and one cryptocurrency for another. If compared with, then thanks to crypto exchanges it is possible to reduce the exchange commission several times, not to mention the traders for whom the exchanges provide rich functionality for trading. Next, we will consider the most important criteria for choosing an exchange, the best cryptocurrency exchanges themselves in 2018, and also provide valuable recommendations for their use. I also ask you to write in the comments your thoughts and experiences about which cryptocurrency exchange is the best in your opinion.
How to choose a reliable crypto exchange? Main criteria
What is a cryptocurrency exchange? To determine the most suitable and reliable crypto exchange for you, you should pay attention to the following important points.
— What currencies does the exchange support, how many of them, which ones do you need.
— What coins do you mine, if you are engaged in mining.
— Does the exchange work with fiat money, dollars, rubles, hryvnia.
— The presence of hidden payments, secret commissions, the commissions themselves for replenishment, trading operations, for withdrawing cryptocurrency or fiat.
— How quickly operations occur.
Next, based on all these parameters, we will consider the most popular, proven and reliable resources where you can buy, sell and exchange your cryptocurrencies or fiat money for cryptocoins.
Rating of cryptocurrency exchanges regarding trading volumes and popularity
1. Binance
This is a young exchange that began its work back in 2017. After a successful ICO, during which the internal tokens of the BNB exchange grew more than 10 times, this crypto exchange quickly entered the TOP 5 of all cryptocurrency exchanges in the world in terms of trading volumes. The headquarters of the Binance exchange is located in Hong Kong, which provides much greater reliability than the jurisdictions of other similar competing exchanges. The main advantages of the Binance service are low commissions, no need to verify and send personal documents, simple interface, a huge number of currency pairs (more than 600 coins). Binance().
This exchange has been operating since 2013 and is very popular among users from the CIS countries and beyond. The service works with fiat - you can replenish your account and withdraw funds using electronic payment systems and bank cards. The site works with 17 trading pairs, commissions per transaction are 0.2%. You can find conflicting reviews about this site online; most users recommend using the site as an exchanger and not storing their funds on it for a long time. Exmo
3. Bitmex
The first cryptocurrency exchange with leverage. A detailed overview and all the advantages of the Bitmex platform can be found by clicking on.
4.Localbitcoins
One of the most reliable and popular platforms in the CIS, for review.
5. Kraken
Another very large exchange that is very popular all over the world. The organization itself was founded in San Francisco, the exchange has been operating since 2011. It features a high level of reliability and safety. The standard commission for transactions is 0.2%; as trading turnover increases, it decreases. Also here you can find a large number of pairs for trading, works with fiat - you can replenish your account and withdraw money using bank transfers.
6. Bitfinex
A large foreign exchange that supports the Russian language. Initially, the service was positioned as a platform for buying and selling bitcoins, but later many other crypto coins began to appear here. It is possible to replenish and withdraw funds from a bank card - not only in dollars, but also in many other fiat currencies. The exchange has its own applications for mobile devices on iOS and Android, so you can perform trading operations directly from your phone or tablet.
7. Bittrex
This is another foreign and very popular online platform for exchanging cryptocurrencies all over the world. Features a large number of trading pairs, work with fiat money,
high level of reliability. The main work of the site is tied to bitcoins - all exchange conversion operations and even transfers to fiat are tied specifically to BTC coins. Many obscure coins can be found here. The exchange interface is more suitable for experienced traders than for beginners.
8. LiveCoin
Another popular project with Russian language support. The site works with a large number of currency pairs - more than 200, and is distinguished by rich functionality for trading. Transaction fees range from 0.1–0.2%. Works with such popular EPS as Payeer, PerfectMoney, as well as bank transfers. On the site you can communicate with support in Russian. Livtcoin ().
9.YoBit
Another very popular exchange, which is famous for supporting a large number of coins and ease of use. In addition, here you will find many other convenient features for trading and investing in cryptocurrencies. There is support for the Russian language, low commissions, the opportunity to invest rubles and dollars - the exchange works with fiat money, accepts transfers from EPS and bank cards. The number of supported trading pairs is more than 400 coins. Yobit ().
10. AlienCloud
A relatively young, but ambitious, rapidly developing Aliencloud exchange. It has a number of advantages among its competitors, such as:
— The lowest commissions for trading 0.02% -0.09%,
— High liquidity for all pairs,
— Daily turnover over 30 mln USD.
In addition to all this, exchange users can not only store, exchange and trade cryptocurrency, but also rent capacity for. With full functionality and a detailed overview of the exchange AlienCloud can be found by clicking on .
Choosing a cryptocurrency exchange: what is important to pay attention to?
Today on the Internet you can find a large number of platforms for trading cryptocurrency, as a result of which beginners may have difficulty choosing a suitable resource. Below we will list the main factors that will help you make your choice.
1) Daily trading volumes
Naturally, one of the most determining parameters of any crypto exchange is its trading volume. This indicator can also be used to determine the hype regarding a specific currency pair with the ability to predict its future exchange rate movement.
2) Deposit and withdrawal of money
Before registering on any resource, it is important to look at which payment systems cooperate with this site. Thus, even moderately successful trades may not be profitable due to high commissions when depositing or withdrawing funds. This is also important for miners who exchange their cryptocurrencies for fiat. Typically, the most convenient options for depositing and withdrawing funds to the exchange will be the following methods: WebMoney; QIWI; Yandex money; bank transfers.
3) Cryptocurrency pairs
Naturally, the number of cryptocurrencies supported by a particular resource directly affects its relevance and popularity among users. After all, no one wants to work with a coin that is not on any of the top exchanges. If a crypto exchange supports not 10–20, but 200 or more cryptocurrencies, then it will be much more convenient for you to purchase the necessary coins, including rare cryptocurrencies. It is also important that the same bitcoin can be exchanged not only for other coins or dollars, but also for rubles, hryvnias and more.
4) Monitoring by courses
If you are involved in trading, then you have probably heard about such a trading strategy as arbitrage between exchanges. As a result, it makes sense to track rates on various resources in order to determine the differences between rates for the rapid exchange of currencies between exchanges. It won't bring you a lot of money, but you will get extra income.
5) No need to download computer software
The absence of any special scripts or programs to get started should be taken as an advantage, since you should not download any applications to your computer from dubious and little-known resources.
Choosing the best cryptocurrency exchange in 2018, reviews from traders and miners
There is no doubt that cryptocurrency exchanges play a huge role in the development of the crypto-economy, but it is worth understanding that it is not worth storing money on such resources for the long term. According to statistics, more than 50% of crypto exchanges have been hacked, so if there is a need to store money on an exchange for trading, then you should use several resources. And it is better to withdraw large amounts of funds to cold storage crypto wallets. You definitely shouldn’t trust resources that require you to enter cryptocurrency with the promise of multiplying your investments many times over, or promising free cryptocurrency, huge bonuses, and requiring you to install software for your computer. If you have experience working with the cryptocurrency exchanges described above or would like to leave your feedback, then write it in the comments to this article.