What are the major cryptocurrency exchanges and are they safe?

February 21, 2018

A cryptocurrency exchange is a website where one can buy, sell or even exchange cryptocurrencies for other alternative currencies or Fiat currencies. Some of the alternative currencies include Bitcoin, Ethereum, Dogecoin and Tron while examples of Fiat currencies include USD, AUD, GBP and EUR. If you are looking forward to trading professionally on an exchange, then you will need to open an account with one. There are instances too when you don’t need to open an account – when you want to just trade once.

The authenticity of a cryptocurrency exchange is just as important as the genuineness of the currency you hold or want to trade in. If you are holding Bitcoin coins or want to deal in them, you will need to find a safe online Bitcoin casino that is of good repute and whose transactional fees are low and easily understood. Other things to look for include the payment methods offered, geographical restrictions and verification requirements. Here are some of the best cryptocurrency exchanges to check out;


This cryptocurrency exchange has grown to become one of the biggest players in the market. It is used by millions of traders who are spread across the world. The platform is considered one of the best when it comes to user-friendliness, security and privacy. It is easy to trade and store your digital currency on the platform. The Coinbase wallet has been expanded to not only include the big cryptos such as Bitcoin, Ether and Ripple but hundreds of many more new and upcoming cryptos. The digital wallet is available for iPhone and Android gadgets. Coinbase’s subsidiary, Global Digital Asset Exchange (GDAX) also features the same benefits as the parent company.


This is an EU-based Bitcoin exchange which was founded in 2011. It is one of the first generation exchanges and has recruited some very loyal customers over the years. Among the features which make it distinct are its log-in security requirements. Two-step authentication log-in process, multisig technology for the wallet in addition to a fully secured storage ensures traders get the best out of the exchange. Opening an account is free and trading can start immediately after.


A whole wide range of cryptocurrencies can be traded on Cex.io. The exchange offers traders personalized dashboards which are user-friendly. The other feature which makes this exchange stand out is the ease with which beginners can adapt. The support team of the exchange is accessible from anywhere in the world. It is considered to be one of the best-secured exchanges and cryptos are put in safe cold storage. The exchange’s support team is reachable from around the globe and it supports both iOS and android.


This exchange is based in Las Vegas, US. A lot of digital currencies (more than 190) can be traded on this platform. It is also a place where you will find new and upcoming cryptos. Among the features which make it a favourite for many people include speedy transactions, good management risk management practices and stability.


It is easy to buy Ether or BTC using your credit card or even cash via MoneyGram on this exchange. It is one of the veteran exchanges in the market and it is used by millions of traders from around the world. However, there are a few countries where CoinMama is not accessible from. The website is in English, German, Italia, French and Russian. For a beginner trader, this exchange has the perfect interface for you. There is a good range of payment options and the transaction time here is fast.


This cryptocurrency exchange has a US Bitcoin and Ether Exchange. It was founded by Tyler and Cameron Winklevoss. The exchange is considered safe and secure because it is licensed under the strict US banking laws. All the USD deposits are held under an appointed FDIC insured bank and most of the altcoins are kept in cold storage. The exchange is narrow in that it only serves Bitcoin and Ether as well as USD traders. There are no transaction fees. It only serves traders from 7 countries.