The Best Bitcoin Exchanges – 2020

eToro

eToro is a huge platform for online investment and trading. Ideal for beginners who really wish to learn, it provides a huge amount of useful resources and some unique features. You can copy successful traders and benefit from their market prowess, for instance.
However awesome it is, eToro.com is not a typical bitcoin exchange site. Instead, it provides opportunities for all types of investment, including CFD trading.
I strongly recommend registering at eToro.com and trying it out. It can only help you become a better investor, not only in bitcoin but in general.

US users have a limited option of instruments available and can only invest in Cryptocurrencies at the moment due to regulation requirements.

Pros

– Comprehensive learning center
– Multiple trading opportunities
– Many investment tools
– Renowned secure site
– CFD trading

Cons
– Relatively small number of cryptocurrencies available for trade
– You need time to learn the ins and outs of the trading tools available

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Bittrex.com

Another heavyweight, Bittrex sees high volume of trades across many cryptocurrencies. It is a highly trusted platform that enables big trades across the board.
The site became too popular for its own good, though, and was forced to suspend new registrations in order to cope with increased user base. Which, in my book, is a sound move that shows that Bittrex management is focused on delivering seamless experience to existing users instead of chasing blindly larger user base and increased profit.

Pros
– Comprehensive learning center
– Multiple trading opportunities
– Many investment tools
– Renowned secure site
– CFD trading

Cons
– Fees lean toward the high end
– Customer support could be better

CryptoGo

CryptoGo is not your typical bitcoin exchange site. It is more like a broker that would handle any transaction you wish to conduct. The best part is that CryptoGo accepts any fiat currencies and trades with hundreds of cryptocurrencies as well.
On top of that, CryptoGo.com has no deposit restrictions, meaning that you can start your crypto trading with a tiny or humongous initial investment. It is entirely up to you.
CryptoGo is extremely easy to use for absolute beginners, as it works as a middleman in trading bitcoin or other cryptocurrencies. Open an account, deposit your fiat money and let the guys at CryptoGo handle the technical aspect of the transaction you wish to conduct.

Pros
– No deposit restriction
– Very user friendly
– Huge array of fiat and cryptocurrencies to trade with
– Personal account manager
– Established name

Cons
– It is not possible to trade crypto-to-crypto directly

Coinbase

One of the largest and most popular US bitcoin trading sites, Coinbase has intuitive interface and huge user base to trade with. It’s been around since 2012 and has been growing in strength ever since.
Some of the main reasons for that growth, interface aside, are the insured deposits, quick transactions and multiple payment options.
If you are new in the cryptocurrency realm, Coinbase.com is an excellent place to start. Possibly, this is the best bitcoin exchange in 2020 for US customers.

Pros
– Very user-friendly
– Very safe
– Good support
– Good guide for newcomers

Cons
– Limited fiat currencies available for payment
– Weekly restrictions on the amount of cryptocurrency you can trade
– Coinbase fees are not the lowest in the industry
– Long account verification times

Binance

One of the newest cryptocurrency exchanges, Binance.com appeared in mid-2017 with a surprisingly well thought-through product. The Chinese site comes with basic and advanced charts and statistics that can help you get your bearings very quickly and even, if you are so inclined, outline strategies for future investments.

Pros
– Huge variety of alt-coins
– High liquidity
– Very fast transactions
– Negligible fees

Cons
– Somewhat clunky interface

GDAX

A place for serious traders, GDAX.com has swift withdrawals and impressive liquidity across the board. Arguably the best site to trade ethereum, GDAX can be very empowering if you know what you are doing.
Granted, its verification process can be tedious, but it is worth the effort.

Pros
– Stable and reliable platform
– Excellent for experienced traders
– High liquidity and volume

Cons
– Cumbersome verification process
– Limited deposit methods

CEX

A no-bullshit bitcoin exchange, CEX.io is a very direct and honest marketplace. Fees are disclosed since the very first moment, security is a priority and the interface is lean and simple.
CEX is highly suitable for beginners from the US and from around the world as the number of fiat currencies accepted is considerable.

Pros
– Great interface
– Suitable for beginners
– Numerous payment methods and currencies
– Good customer base
Cons
– High fees
– Various restrictions for buying and selling of bitcoin

xCoins

xCoins.io is not a typical bitcoin exchange. It is a bitcoin lending service which, odd as it sounds, allows for instant transactions and some decent trading opportunities. Take your time to read the FAQ section of xCoins.io before producing your favorite payment method.
Thanks to its unique business model, xCoins accepts all popular credit cards and PayPal.

Pros
– Instant bitcoin transfers
– Quick verification
– Great many deposit methods

Cons
– Site was compromised back in 2017
– Virtually no tools for actual trade and statistics

Kraken

Kraken.com is one of the best bitcoin trading platforms out there for a number of years now. The site provides powerful tools to monitor the market and to act on time.
However, when bitcoin’s price spiraled skyward toward the end of 2017, Kraken exchange couldn’t handle very well the massive increase in trade volume and its engine started acting up.
As of 2018, we see the new version of Kraken which seems to be working very well. Still, the influx of new users results in very long account verification times.

Pros
– One of the best US bitcoin and ethereum exchange sites
– Low fees
– Advanced investment tools
– Quick transactions and withdrawals
– Excellent security

Cons
– Various restrictions for buying and selling of bitcoin
– Relatively unsuited for beginners
– Account verification can take weeks

Coinexchange

This is an interesting one. From many angles, Coinexchange.io looks like the ideal place to trade cryptocurrencies. A large number of markets and coins supported, the interface is informative enough without being overwhelming for novices, the verification process and transaction levels are reasonably well organized.
However, the company definitely lacks transparency about its modus operandi and mission and some Bitcoin exchange Reddit threads have raised serious questions about their integrity. They are not numerous enough to sound truly alarming but are sufficient to cast a shadow of doubt over Coinexchange’s integrity.

Pros
– Many cryptocurrencies supported
– Good interface
– Good volume
Cons
– Lack of information about the company
– As unregulated as they come

LocalBitcoins

LocalBitcoins.com is one of the best bitcoin exchange platforms for peer-to-peer trade. It is a brilliant place to create your own trading network and to establish lasting contacts. I wouldn’t recommend it for absolute beginners, as P2P trade could be a tricky, but once you gain some exposure to crypto-trading, LocalBitcoins is a must-try.

Pros
– Available worldwide
– Simple verification
– Peer-to-peer trading
– Many payment methods available
– Trusted platform

Cons
– P2P can be risky
– Considerable learning curve

Bitstamp

Operating successfully since 2011, Bitstamp.net is one of the oldest and most respected bitcoin trading sites. Indeed, the site was dedicated solely to BTC until not so long ago.
Its intuitive interface and relatively low fees make for large user base and some intense trading. Still, Bitstamp is a good starting point for absolute novices.

Pros
– Low fees
– Excellent security
– Available worldwide
– Good interface

Cons
– Support is somewhat lacking
– Credit card deposits have hefty fees
– Best suited for bitcoin trading; other popular cryptocurrencies were introduced only recently

 Poloniex.com

Another big and reliable US bitcoin exchange, Poloniex has one of the best – intuitive, uncluttered and responsive – interfaces you can dream of.
Arguably, the site is not that suitable for beginners because it operates only in cryptocurrencies, i.e. you’d have to buy crypto assets elsewhere before being able to trade on Poloniex.io.

Pros
– High volumes
– Very suitable for altcoins
– Splendid interface

Cons
– Doesn’t work with any fiat currency
– Customer service could be much better

Paxful.com

While not the biggest exchange out there, Paxful is quite popular with US crypto traders. It is another peer-to-peer exchange which supports a mesmerizing array of payment methods, including – you heard it here first – Amazon gift cards.
Say whaaaat?

Pros
– Reliable P2P exchange
– Probably the biggest variety of payment methods supported
– Good customer service

Cons
– High fees
– Relatively low volume

Gemini.com

You might be surprised to see Gemini so further down the list, as it is one of the most popular US exchange platforms. Indeed, it has gained the trust of many and offers some very interesting products like crypto-auctions.
I put it outside Top 5 mostly because its supports barely matches its reputation and because the only two assets you can trade there are bitcoin and ethereum.
All the same, Gemini.com is a very safe place to start your crypto-journey.

Pros
– Highly secure
– Very large volume
– User-friendly
– Auctions

Cons
– Support could be better
– USD is the only supported fiat currency
– Limited cryptocurrency markets

EtherDelta.com

Now, my list is mostly focused on bitcoin exchange platforms, but EtherDelta.com is so progressive and revolutionary that it fully deserves to be mentioned.
As the name suggests, the site is focused mainly on ethereum trade. The thing that sets it apart is the fact that it functions on Ethereum smart contracts, making all transactions truly anonymous and highly secure.
The interface takes some getting used to, but the site is outright awesome.

Pros
– Practically no verification required
– Unparalleled decentralized security
– The best ethereum exchange

Cons
– Learning curve
– Interface could be more advanced

Changelly.com

A massive meta-exchange, Changelly connects crypto traders from several big exchange platforms. It is probably the best place to trade for people who don’t wish to deal with the technicalities of the process and want to save time.
Changelly has great volume and transacts in many altcoins.

Pros
– Ideal for beginners
– Many altcoin markets
– Good selection of deposit methods

Cons
– High fees
– Withdrawals can be slow

Bisq.io

Bisq.io is a highly-secure P2P cryptocurrency exchange. It supports many different altcoins and accepts a serious number of payment methods.
Thanks to its decentralized nature, Bisq allows for instant access, without any verification. This instant access is backed up by powerful interface so that new users can start trading immediately, indeed. However, Bisq is not the easiest platform to get a hold of, especially if you have no knack for all things technical

Pros
– No verification
– Instant access
– P2P
– Good deposit options

Cons
– Relatively low volume
– Learning curve

72 Option

72option.com is a bitcoin broker site that combines two new technologies: cryptocurrencies and smart robots.
The site gives you plenty of binary options to invest in. To be more precise, the bots the site deploys present you with various trading options. It is certainly an interesting place to trade, but better tread carefully.

Pros
– Numerous, diverse trading opportunities
– Robust investment tools
– Low fees
– Very secure site

Cons
– Spreads require fees

Coinmana

Coinmama.com is a solid place to obtain your first bitcoin and ethereum. You can do so using bank cards and even Western Union. Purchases happen almost instantly and can help you get a footing into the crypto world.
However, Coinmama.com doesn’t facilitate direct exchange on to the site itself.

Pros
– Good place to obtain cryptocurrencies
– A good variety of payment methods

Cons
– Not a real exchange, can only buy but not sell BTC
– Fees are above average

CoinATMradar.com

Do you want to get BTC in an instant, without any verification whatsoever?
Get CoinATMradar.com on your phone or check it directly online to find the closes bitcoin ATM where you can buy cryptocurrency in an instant. The ATMs around the world approach 2,500.

Pros
– Shows all bitcoin ATMs
– Easy purchase of crypto assets

Cons
– Bitcoin machines are not always all that close

BitMEX

Bitmex.com is a very dynamic bitcoin marketplace. You can trade crypto against plenty of fiat and other digital currencies over at this Bitcoin Mercantile Exchange. One limitation is the deposit form – only BTC is accepted.
Even though the interface is very well laid out, BitMEX is hardly a place for novice traders. The platform is ideal for seasoned crypto investors, who know how to use the tools at their disposal to the fullest.

Pros
– ­Many trading opportunities
– High volume
– Excellent leverage
– Great interface

Cons
– Doesn’t accept US traders
– Novices best avoid it

Luno

Luno.com specializes in bitcoin and ethereum trading. The choice of currencies might be limited, but this exchange connects traders from many countries around the world. Deposits in various fiat currencies are accepted.
To make things easier, Luno.com has very decent Android / iOS app and very advanced security feature. The interface, both on the site and the app, is very intuitive and newbies will feel right at home.
All these awesome features come at a price, quite literally: fees at Luno are not to be underestimated.

Pros
– User-friendly site and apps
– Many countries and currencies supported
– Perfect for beginners

Cons
– High transaction fees
– Customer support is lacking
– Trades only in ethereum and bitcoin

ShapeShift

Shapeshift.io is a very popular cryptocurrency trading platform. Traders can exchange various altcoins through the intuitive interface or the mobile app (both iOS and Android iterations available).
The verification is practically non-existent for certain operations and the fees are negligible.
All this sounds awesome, but the site was hacked not that long ago, while the lack of verification leaves some room for scams.

Pros
– Huge variety of altcoins
– Excellent for beginners
– Smooth interface and mobile apps
– Very fast platform
– No verification
– Low fees

Cons
– Cannot trade fiat for crypto
– Hidden trading restrictions
– No real trading interface

YoBit

YoBit.net puts emphasis on ethereum trade but not much more. Indeed, the interface and the fees are not all that bad, but this exchange has gained a bad rep for somewhat shady behavior and deliberately unclear info.
YoBit has its merits, but its policy doesn’t inspire much confidence.

Pros
– Low fees
– Good interface
– Many trading options

Cons
– Shady business practices
– Hefty withdrawal fees

BFX

Bitfinex.com is a robust trading platform. Many cryptocurrencies are available for exchange, margin trading and margin funding. Traders can set up order types through the fully customizable interface, which provides all the necessary information to weave complex strategies.
The site looks and feels very professional, and the high number of traders supports this impression.
BFX tightened up its security considerably after it was hacked in 2016. Nearly $70 million were lifted and the exchange hardly survived. Bitfinex managed to repay all affected users and bounced back very strongly, indeed.

Pros
– Very high liquidity
– Many trading options
– Advanced trading tools
– Acceptable fees
– Strong security

Cons
– Unsuitable for beginners
– Customer support is lacking at times
– Works solely with cryptocurrencies

Coincheck

We talked about some of the best bitcoin exchanges US and Europe offer, so it is only just to mention Coincheck.com.
The biggest Japanese crypto trading platform accepts payments in Japanese Yen and provides some really interesting investment opportunities and leverage.
Mind, Coincheck takes security seriously and its extended verification process is a testimony of this attitude.

Pros
– Accepts bank card deposits
– Well regulated company
– Interesting trading tools

Cons
– Trades are conducted only against Japanese Yen

HitBTC

Hitbtc.com has extremely high trading volume, mainly because of its many altcoin markets.
The site has its fair share of controversy after being hacked in 2916. HitBTC didn’t reveal many details about this unsavory moment. It seems to be in its nature to obscure deliberately important details, as you can find scarce information about the site owners and their mission.

Pros
– Very robust platform
– Many trading opportunities in various altcoins
– Extremely high volume

Cons
– Somewhat tattered reputation
– Dubious communication practices
– High fees

Bitpanda

Another cryptocurrency broker on the list, Bitpanda provides smooth user experience coupled with various deposit methods, including e-wallets and bank cards.
The brokerage operates mostly with EU traders and is very well suited to handle small to medium transactions with minimum fuss. At Bitpanda it is easy for beginners to start trading bitcoin, even though the fees are not among the lowest.
As is the case with many exchanges, larger transactions are met with stricter ID verification.

Pros
– Clean interface
– User-friendly
– Many deposit methods

Cons
– Fees are not that low; DISCLAIMER: Orders from EU countries have lower fees
– Customer support not the most responsive

Joo Casino

Joo Casino is the newest addition to the famous Direx N.V. family of online casinos, setting new industry standards in security and the overall player experience. This is already a feature-filled casino that hosts an impressive library of games from the world’s leading software developers. What’s more, Joo Casino is also filled to the brim with promotions, bonuses and rewards for both new and existing players, featuring a 10-tier VIP loyalty program to reward the most faithful users. The casino is licensed by the Curacao government and holds a random number generator license from iTech Labs, while also featuring state-of-the-art SSL encryption in order to ensure the safety of players’ information. The wealth of options and the obvious dedication to providing the most complete platform to its users extends to its banking options as well. You can deposit and withdraw your money in a variety of ways, easily making Joo Casino one of the premiere gambling websites of 2020.

Pros

– Rich library of games
– Numerous banking options
– Fantastic VIP loyalty program

Cons

– Not available to users from the US and UK

BSpin

Launched in June 2018, Bspin.io is a cryptocurrency casino that provides a breath of fresh air in the crypto gambling market. In our Bspin review we found that it boasts a shiny and friendly UI and more than 700 games. 

Bspin also offers hefty first deposit and reload bonuses. These include a 100% first deposit bonus, 50% reload bonus and 75% second reload bonus. On top of this generous promotion, there’s an ongoing weekly BTC cashback bonus. All players are eligible for it.

This casino is great for veterans and new players alike, allowing experienced gamblers to choose from a wide variety of games and giving newcomers useful guides and strategies. This cryptocurrency casino accepts only Bitcoin, with mBTC as the primary denomination. While Bspin.io Casino games can be a bit laggy and security could be improved by adding two-factor authentication, the casino’s customer support is top-notch.

Pros

– Rich library of games
– Attractive bonuses
– Helpful customer support

Cons

– Laggy games