TOP BITCOIN EXCHANGES

Coinbase Bitcoin exchange review

Pros: Highly respected and good reputation, low transaction fees

Cons: Not available worldwide, Support takes time to respond

Summary: Coinbase is probably the most popular company today for buying Bitcoins. It was founded in late 2012 as a part of Y-Combinator and until today has raised more than $106 million in venture capital. Coinbase is considered by many the leading Bitcoin exchange available.

The are two ways you can buy Bitcoins from Coinbase. One is through the Coinbase wallet and the other is through the Coinbase exchange. When you buy Bitcoins through the Coinbase wallet you are basically buying the Bitcoins from Coinbase itself, whereas when you use the exchange you are participating in a trading with other users of the exchange.

Buy Bitcoins on Coinbase


CoinMama Bitcoin exchange review

Pros: Accept credit cards, Fast transaction time, great user interface.

Cons:  Relatively high exchange rate, limited states within the US.

Summary: Coinmama is a another veteran Bitcoin broker working in the market since 2013. They offer easy ways to buy Bitcoins with credit cards or cash deposits via MoneyGram and Western Union. Coinmama uses Simplex – a credit processor which allows you to buy up to $5000 in one purchase. Coinmama also has relatively high exchange rates due to chargeback issues and the availability of credit and debit cards as payment methods.

Buy Bitcoins on Coinmama


CEX.IO Bitcoin exchange review

Pros: Reputable company, high buying limits

Cons: Limited countries available, higher exchange rates

Summary: CEX.IO was established in 2013. CEX.IO is a bitcoin trading exchange which accepts credit cards and allows you to trade. On Cex.io You can buy Bitcoins for USD, EUR and RUB.

Buy Bitcoins on Cex.io


Coinhouse Bitcoin exchange review

Pros: Reputable company, high buying limits

Cons: Limited to Eurozone countries only, relatively higher exchange rates

Summary: Coinhouse is the “House of Bitcoin” in Paris. You can buy bitcoins directly online by Visa / MasterCard or cash with Neosurf prepaid card available in most European countries.

Buy Bitcoins on Coinhouse


Bitstamp Bitcoin exchange review

Pros: Highly respected and reliable exchange, low transaction fees.

Cons: Not suited for beginners, limited payment methods, high deposit fees on small amounts of money.

Summary: Bitstamp is the oldest Bitcoin exchange out there today. Founded on 2011 Bitstamp has managed to survive most of the Bitcoin ecosystem’s turmoil without being hacked or shut down, and that’s definitely saying something.

If it wasn’t for it’s non intuitive user interface and lack of convenient payment methods Bitstamp may have been rated #1 in our charts. But unfortunately today I can only recommend Bitstamp for larger purchases of coins where you will definitely need to use a wire transfer and the fees won’t compose such a large amount of the deposited sum.

Buy Bitcoins on Bitstamp


Kraken Bitcoin exchange review

Pros: Highly respected and reliable exchange, low transaction fees.

Cons: Not suited for beginners, limited payment methods, high deposit fees on small amounts of money.

Summary: Another Bitcoin exchange veteran, Kraken was also founded in 2011 like Bitstamp and managed to stay alive until today. Kraken is consistently rated as a top Bitcoin exchange by different news outlets and was also the first Bitcoin exchange listed on Bloomberg terminals. Kraken is also trusted by hundreds of  the Tokyo government and the BaFin regulated Fidor Bank.

Kraken is pretty similar  to Bitstamp in its pros and cons and are almost identical when coming to decide which on of them to use.

Buy Bitcoins on Kraken


iGot Bitcoin exchange review

Pros: Super low fees, great interface.

Cons: Limited payment options, relatively high exchange rate.

Summary: iGot was founded in 2013 in Australia, it  provides a trading platform  and also merchant payment services for Bitcoin. It has super low fees but also supplies on a limited range of payment methods.

The exchange was also behind the relief campaign for Nepal earthquake victims earlier this year. Having said that, iGot has yet to gain enough reputation as a major player in the Bitcoin exchange market.

Buy Bitcoins on igot


HitBTC Bitcoin exchange review

Pros: Beginner friendly, great buying experience.

Cons: High exchange rate, brand not reputable enough.

Summary: I’ve reviewed HitBTC last year and was pretty pleased with their product. The company seems to have a solid user interface making it pretty easy to buy Bitcoins. Also the platform seems to be very “newbie oriented” and puts an emphasis on security.

Although HitBTC gained considerable traction over the past year since it’s launch, much like iGot it still hasn’t managed to reach the “big leagues” of Bitcoin exchange (i.e. Coinbase, Circle, Bitstamp etc.)

Buy Bitcoins on HitBTC

Virwox Bitcoin exchange review

Pros:   A wide variety of payment methods including Paypal and credit cards, no verification required

Cons:  Shady reputation, very high fees when buying with Paypal or a credit cards (due to multiple conversions).

Summary: Virwox is not a Bitcoin exchange per se. It’s actually a Second Life reseller which allow you to exchange SLL (Second Life Linden’s) in to Bitcoins. So why is it listed here? Because currently it’s the only known exchange in which you can buy Bitcoins with PayPal.

The issue with Virwox is that even though it supplies various payment methods many users have complained about their services. Some have even reported that their money was taken with no return. However most of the reviews tend to show that either the purchase of Bitcoins was successful or that the money was refunded.

Buy Bitcoins on Virwox


247Exchange Bitcoin exchange review

Pros:  Easy user interface, works worldwide and multilingual.

Cons: Buying process is too long (mainly due to verification), the service takes a premium in order to be able to deal with chargeback issues.

Summary: 247Exchange is a veteran player in the Bitcoin ecosystem which allows you to buy Bitcoins with a credit card in a simple and secure manner. Unfortunately their buying process still has a few glitches and the verification process can take quite some time. I recently reviewed the service hands on, you can read about it here.

Buy Bitcoins on 247Exchange