If you are totally new into the crypto market and you want to invest/trade Bitcoin and other cryptocurrencies, then there are multiple exchanges which can help you. But there are pros and cons of each and every exchange. Here are a few exchanges you can use for trading/investing.

List Of Some Good Cryptocurrency Exchanges

1. Binance:

Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Since early 2018, Binance is considered as the biggest cryptocurrency exchange in the world in terms of the trading volume.

Pros –

  • Low Fees
  • Very Good Android App
  • More Than 100 Altcoins Pairs
  • No minimum deposit
  • Superb customer support

Cons –

  • Only limit and market order available
  • Crypto only exchange you can not transfer fund from your bank

Website: Binance.com

2. Bitstamp:

Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, bitcoin, XRP, ethereum, litecoin, or bitcoin cash deposits and withdrawals

Pros –

  • Most trusted and highly secured
  • Highly Accurate Charts
  • Very Simple UI
  • Low Fees
  • High transaction speed

Cons –

  • KYC required to open an account
  • Very few crypto pairs available (You can only trade BTC, XRP, ETH, LTC, BCH pair)

Website: Bitstamp.com

3. Coinbase:

Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Tezos, and many others, with fiat currencies in approximately 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Pros –

  • You can connect your bank account and buy crypto
  • Trusted and very good security
  • Powerful customer service
  • Recurring buys available

Cons –

  • Low volume on some coins
  • Small number of alts available

Website: Coinbase.com

List of Crypto Exchanges for Indian Citizens

1. WazirX:

WazirX is a cryptocurrency exchange that will enable you to Buy, Sell & Trade digital assets like Bitcoin, Ethereum, Litecoin, Ripple etc in India.

Pros –

  • Low Fees
  • The referral program is there
  • Excellent UI
  • High Security
  • Good customer service

Cons –

  • Small Number of altcoins available
  • Sometimes USD trades at a higher price than normal

Website: wazirx.com

2. CoinDCX:

First Hybrid Crypto Exchange, Trade 100+ cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP)

Pros –

  • Excellent UI
  • Low fees
  • Margin Trading Available
  • Lots of altcoins

Cons –

  • Low volume
  • Average customer support

Website: coindcx.com

3. Bitbns:

Bitbns is another India based cryptocurrency exchange started on December 2017 by Gaurav Dahake.

Pros –

  • Simple UI
  • Good Customer Support
  • A large number of altcoins collection

Cons –

  • Very High Fees
  • Premium rates on buying coins, than other exchanges
  • Mobile app UI is too bad

Website: Bitbns.com

Shashi (Prachi)

Shashi (Prachi)

Smile it let your teeth breath Equity Research Analyst at HDFC Mutual Fund ll Portfolio Management ll Wealth Management ll CFA Level 1 Candidate

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