Best Bitcoin and Altcoin Exchanges
Finding the best exchanges for buying altcoins or bitcoin depends on a few factors for everyone. Country of residence, method of purchase (credit card or crypto) and whether anonymous purchases for crypto currency matters to you. We follow the most popular and trustworthy crypto exchanges, so people can find the best place to start buying bitcoin or trading altcoins anywhere in the world.
We tend to focus mainly on anonymous exchanges for crypto currency purchasers globally. The largest and most trustworthy exchanges in the US and Canada are already well known, there are many places around the world banks and governments don’t want citizens purchasing bitcoin. Specific countries like India and Brazil that have difficulties purchasing bitcoin and altcoins, specific options available are in our Crypto Country Guides at length for those countries.
Popular Exchanges Around the World
We don’t really recommend a lot of the larger exchanges in each country because of the lack of privacy that “customers” have to give up for purchases. Separate laws for bitcoin and altcoins, by every different government around the world, would make for a terrible user experience in crypto currency. Venezuela has proven this by creating the Petro and even altcoin traders call it a scam.
The large “regulated” exchanges in America, Europe and Asia are obviously helping to bring bitcoin and altcoins into the mainstream and should be able to profit from this. We believe that anonymous decentralized exchanges are going to be the way people will purchase and trade crypto currency worldwide.
OKEx is one of the largest exchanges in crypto currency and rumors about every exchange faking the volume of their trades daily haven’t passed by OKEx. Then there are the reddit complaints of certain crypto currencies being lost and their support being terrible at dealing with it. Or the redditors that claim OKEx is a scam company registered in Belize after they lost more customers funds and others reminisce of their experience with OKEx.
Now that Bitfinex has stopped serving US customers and repaid all of their customers after being hacked for $72 million worth of bitcoin, as long as people keep their crypto currency in a hardware wallet, we’re still seeing tons of crypto purchases being done through this exchange worldwide.
The 4th largest exchange, known as China’s largest exchange to many, started in Singapore and now with offices in Hong Kong, Korea, Japan and the United States. There are no large scandals or huge customer complaints from checking all the Huobi reddit threads, it still isn’t an exchange we trust yet though.
Binance is the 2nd or 3rd exchange worldwide, depending on what month exchange volume is checked. Purchasers of bitcoin, looking for a trading platform to get altcoins quick and easy have given Binance top marks for years. Deposits under 2 Bitcoin require no identification, allowing crypto day traders to start losing money on shitcoins and stick to Bitcoin faster than ever.
Since Crypto Gambling requires a little anonymity every now and then, we’ve moved all of the anonymous exchanges to a separate area of the site. Other than Binance of course, everyone should lose a few bitcoin on Binance to learn why altcoins aren’t always that great. For the full list, check the anonymous section, we’ll just throw out our current favorite below, Bisq, as it’s the first decentralized trading platform we’ve seen.
Exchanges to (probably) Avoid
Popular US exchanges like Coinbase and Kraken might be less strict to customers outside of America with their KYC (know your customer) process.
Popular Brazil bitcoin exchanges like Foxbit and Ripio are probably worth avoiding.