Best Cryptocurrency Exchanges 2018 (Top 3)

1.

BITMEX

 

Traders with an appetite for sophisticated trading and investment opportunities using Bitcoin can now smile because there are more than enough companies dedicated to making their wishes a reality. One of the leading names in the industry is BitMEX, a trading platform with an ever growing market cap, attracting the best of traders and investors across the globe.

When BitMEX started in 2014, it was nothing more than the dream of three cryptocurrency enthusiasts. Its name was inspired by the Mercantile Exchange (a Chicago derivative exchange Market).

With Arthur Hayes (CEO) Samuel Reed (CTO) and Ben Delo (COO), it has acquired an accumulated professional experience of over 40years. The company boasts of experts in high-frequency trading, real-time web applications, and cryptocurrency derivative trading.

Let’s get into details and look at what BitMEX offers and, of course, some answers to frequently asked questions.

 

Top5 benefits of BITMEX

 

  • Secure

One of the most sort-after features in any exchanger or trading Bitcoins is security. Clearly, BitMEX does not compromise on this important feature, thanks to the system it has put in place. With its cold Bitcoin wallets plus a multi-signature address feature, you can rest assured that your funds are kept far from the influence of hackers and thieves.

  • Fast withdrawal process

It goes without saying that every trader and investor loves the convenience of fast and easy withdrawals. This is where BitMEX shines best! Thanks to its cutoff time for withdrawals, you not only enjoy a seamless process but also have a guarantee that your Bitcoins will be delivered to their wallets as fast as possible.

  • Affordable Fees

Unlike most exchanges that charge exorbitant fees for trading on their platform, BitMEX is different. Apart from the fees charged for every trade, it does not charge you when you deposit or withdraw your Bitcoins, which is awesome. However, keep in mind that the Blockchain load sets a network fee that is dynamically charged on your account.

  • Bankruptcy protection

You haven’t heard about this feature a lot, right? Well, we figured so, but we are going to tell you all about it, and how BitMEX utilizes it to make the platform even more reliable. You no longer have to worry about losing all of your funds and running out of options. Thanks to BitMEX’s sophisticated designs on its liquidation and margin procedures, you can be sure that your balance is always protected and that you won’t go bankrupt. Talk of second chances!

  • Easy to use

You will agree with us that getting started as a new trader can be a bit intimidating especially with the complex websites that are hard to navigate. Fortunately for BitMEX, the interface is user-friendly, and its responsiveness is super fast. What’s more is that you can even load it on your smartphone, whether you are an iOS die-hard or an Android fan. Now that is what convenience is all about!

 

 

 

2.

 

COINIGY

 

If you are an avid trader of Cryptocurrencies you will most likely deal with more than just one exchange, each exchange have their own set of trading tools and visualisations, however wouldn’t be better if you could have all your assets, from multiple exchanges easily accessible and tradable in one place?

Enter Coinigy

The following is taken from Coinigy’s own about me page:

Coinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making.

We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry.

We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.

So What Does Coinigy Offer Crypto-Traders

The biggest selling point of Coinigy to me personally was it’s ability to allow trading on the various Cryptocurrency Exchanges in one place, no logging in and out of Poloniex, Bitstamp, Kraken, Bittrex, Bitfinex and all the other platforms out there. With Coinigy all these exchanges can be accessed and traded with, all my assets can be accounted for and easily viewed at the click of a button.

Coinigy uses Tradingview graphs and tools so everything you could possibly want to analyse present and historical asset data, all graphs are customisable and can be saved within your account.

As well as your usual trading tools you also have some dedicated ‘Coinigy Apps’, these consist of Newswire which is an automatically updated Crypto Newsfeed, Arbmatrix which puts various trading pairs across various platforms into a grid, differences in value across exchanges can be easily spotted allowing for potential gains by buying in one exchange and selling on another. There is a feature request app, this is exactly what you’d expect, a couple more which are ‘Coming soon’ and finally ‘Market Place’ – This is likely to be your most used page, here you can view all your favourite trading pairs, you can also see your total asset value, profit and loss within various timeframes, portfolio distribution and historical portfolio asset value.

From the Marketplace you can easily see whats hot and whats not in your favourites, you can also check individual balances on all your connected accounts and wallet addresses.

Work In Progress?

Although great in many ways and there is very little, if nothing at all in the marketplace to compete with what Coinigy are offering it does feel a little like a Work in progress at times.

A number of issues are present on the platform, the most frustrating is the orderbook related issues. With automatic updates of current balances lagging actual values, open orders displaying which were actually filled or deleted long before it can all become a little confusing at times. That said, if you just ensure you manually update balances before any new trade is placed most issues can be overcome, but it is an issue and for those who need quick responding orders to be made coinigy may not be for you.

Finally, being a relatively new platform you’d expect a lot more continuous improvements to be seen on a day to day, week to week basis. Yet, in the 3 months i’ve been using the platform I have yet to see any change. This maybe just how there development process works, it is likely they’ll fix a number of issues and add more features in a single hit.

Is It Worth The Subscription

It is possible for those wanting to tryout the platform to trial it for 30 days, there is limited access in the trial, however you get to see most of the functionality that Coinigy has to offer. If you like what you see then to continue using after your 30 days trial is over you can pay $15 per month to continue access.

Because there is little else out there which can offer anything close to what Coinigy is offering then i’d have to say the subscription to Coinigy is worth every penny, the time it saves, ease of viewing, better control of your entire portfolio – all these things combined allow for higher gains potential.

There is plenty of room for improvement with Coinigy, but at the moment it’s the best there is and we have to assume the developers are on the case to make this very usable software the awesome software it has the potential to be!

 

3.

COINBASE

Is Coinbase safe?

Coinbase is the world’s largest Bitcoin exchange, so this is a common question.

Yes, Coinbase is a Bitcoin company based in San Francisco, and backed by trusted investors.

Coinbase is the world’s largest Bitcoin broker, and also offers an exchange, wallet, and developer API.

On this page we’ll review Coinbase and its brokerage, exchange, and wallet.

How Does Coinbase Work?

Coinbase’s simple interface aims to make it easy for first-time buyers to purchase bitcoins.

The most popular payment methods for Coinbase customers are buying with a credit card or debit card, and also using a bank transfer.

There’s a full guide at the bottom of this post that shows you how to buy on Coinbase using a credit card.

What Payment Methods Can You Use on Coinbase? What About Fees?

Coinbase supports 30+ countries. The payment methods available depend on your country.

Payment Method Countries Funds Available Currency Fees*
Bank Transfer USA 5-7 days** USD 1.49%
Credit / Debit Card USA instant EUR 3.99%
Credit / Debit Card Canada instant CAD 3.99%
SEPA Transfer Europe 1-3 days EUR 1.49%
Credit / Debit Card Europe instant EUR 3.99%
Credit / Debit Card UK instant GBP 3.99%
Xfers Transfer Singapore instant SGD 1.49%
Credit / Debit Card Australia instant AUD 3.99%

*Actual deposit of currencies into your Coinbase account is free. Coinbase then charges a 1.49% fee per purchase.

**U.S. customers may add a Visa or Mastercard credit card as a backup payment method. If a backup credit card is available, Coinbase “instant buy” will be enabled for up to $1,000 worth of bitcoin per week.

For lower fees, you may want to use GDAX. It is more complex but is worth learning if you will be making a lot of trades and buys. Learn more about Coinbase vs GDAX.

coinbase buy

The “buy bitcoin” section of Coinbase. Very easy to use for first-time buyers.

Coinbase Compared

Credit card is the most popular payment method on Coinbase. This table compares Coinbase to other popular credit card exchanges.

Exchange Fees Countries Buy
Coinbase 3.75% USA, Europe, Canada  Buy
Coinmama ~6% Global  Buy
BitPanda 5% Europe  Buy
CEX.io 3.5% Global  Buy

Please note that fees are approximate and may vary based on your country or purchase size.

Does Coinbase Support Your Country?

Coinbase offers its brokerage services in the United States, United Kingdom, Canada, Singapore.

Coinbase also supports the following European countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.

 Buy Bitcoin at Coinbase

Is Your Privacy Kept While Using Coinbase?

Users must provide full identity verification and many personal details.

You will be required to take a picture of your driver’s license or passport if you are purchasing with a credit card.

Limits & Liquidity

Coinbase offers very high limits. Limits depend on your account level, which is determined by how much information you have verified. Fully verified U.S. customers may buy up to $50,000 worth of bitcoin daily.

European customers may have a maximum of €30,000 euro in their account at any time.

How Fast Does Coinbase Send You Bitcoins?

The time it takes for the bitcoins to arrive in your wallet and be spendable depends on your country and payment method used.

United States

Credit/Debit Card: If a credit or debit card is used, delivery of bitcoins is instant once ID verification as been completed.

Bank Transfer: U.S. customers will receive their bitcoins five business days from placing an order when using bank transfer. “Instant Buy” becomes possible if a credit card is added to the account as a backup payment method.

Instant buy will allow fully verified users to buy up to $1,000 worth of bitcoin per week. Level 2 users with instant buy are able to instantly buy up to $100 worth of bitcoin per week.

Canada

Canadian EFT purchases take four days to complete.

Interac Online purchases are instant!

Europe

European users paying with SEPA transfer will receive bitcoin within 1-3 days.

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