BITCOIN EXCHANGE GUIDE – REVIEWS AND RATINGS

There are many bitcoin exchange services available on the web. These allow customers to convert physical money into Bitcoins and vice versa. Increasingly, they are offering a greater number of services, including a wider range of both fiat and cryptocurrencies, and various trading tools.

Since the fall of MtGox, many traders have become wary of these exchanges as they are uncertain how reputable they are and whether their money is safe. Some of the major bitcoin exchanges today are BitMEX, BTCBear, BTER, CEX.io, Coinbase, EXMO, HitBTC, Localbitcoins and YoBit. You will find detailed reviews of bitcoin exchange services below.

Latest Update: Feb. 19, 2016.

Recommended

Bitcoin Exchange: Bitcoins, Litecoin, Dogecoin, Monero / HitBTC

 

BitMEXBTCBearBTERCEX.IOCoinbaseEXMOHitBTCLocalbitcoinsYoBit

bitmex

BitMEX : BitMEX is Bitcoin trading platform offering leveraged trading products on Cryptocurrencies.

Currency : BTC, LTC, ETH

Trust : High

Ratings : 

BTCBear

BTCBear : BTCBear is an international bitcoin exchange platform providing a secure, high quality bitcoin trading experience.

Currency : USD, EURO

Trust : High

Ratings : 

BTER

BTER : Bter.com is a bitcoin exchange platform which supports bitcoin, BTC, litecoin, LTC, FTC, feathercoin and other Cryptocurrencies.

Currency : Cryptocurrency

Trust : High

Ratings : 

CEX.io

CEX.io : Buy and sell Bitcoins for USD or EUR with payment cards or via bank transfers easily. Get into Bitcoin Trading on the worldwide Bitcoin Exchange.

Currency : USD, EURO

Trust : High

Ratings : 

Coinbase

Coinbase : Bank Level Security. Offline Backups. Most Trusted Exchange. BTC to USD Only.

Currency : USD

Trust : High

Ratings : 

EXMO

EXMO : Bitcoin exchange. Lowest commissions on bitcoin trading. Exchange and store your bitcoins.

Currency : USD

Trust : High

Ratings : 

HitBTC

HitBTCThe most advanced Bitcoin exchange to buy and sell Bitcoin, Litecoin, Dogecoin, Monero, Bytecoin, darkNote, NXT.

Currency : Cryptocurrency

Trust : High

Ratings : 

Localbitcoins

LocalbitcoinsA directory of local buyers and sellers of Bitcoins. Lists the traders closest to your current location.

Currency : Local Currency

Trust : High

Ratings : 

Yobit

YoBit : A new Cryptocurrency Exchange. User-friendly Immediate cryptocurrency deposit/withdrawal.

Currency : Cryptocurrency

Trust : High

Ratings : 

Recommended

Bleutrade Cryptocurrency Exchange

 

BitMEX Review

bitmex

The Next Generation of Bitcoin Derivatives

Up to 100x leverage.

Hedging without clawbacks.

Industry-leading security.

BitMEX most advanced derivatives exchange

The futures contracts will be margined the same as all other BitMEX futures contracts. In commodity trading, you are likely to hear about futures margin quite often. Futures margin is simply the amount of money you have to put up in order to control a futures contract. Futures margin rates are decided upon by the exchanges themselves, in this case BitMEX. Sometimes, the exchanges may add extra premiums on the rate so as to cover their exposure to risk.

BitMEX has two kinds of margins. The first type is the Initial Margin which is the percentage of the value of a contract at the order price that must be kept in equity in order to open an order. The rate is 30% to which are padded an entry commission and an exit commission. The second type is what is known as the Maintenance Margin, which is the percentage of the value of the contract at the current price that must be kept in equity so as to maintain the position. The BitMEX rate for this is 20% plus exit commission.

The initial leverage will be up to five times. Trading on leverage means that a trader would be able to buy the Bitcoin Futures contract on credit as it were. Let us take the previous example from the stock market, in which the margin requirement of the stock was 40% or US$40,000. The remaining US$60,000 would be considered as the leveraged amount. Though they have the perception of being risky, leveraged trading is often used by professional traders as it allows them to trade more contracts with less trading capital.


 

BTCBear Review

BTCBear

BTCBear offers a web-based trading service with  two advanced order forms: Market Order and Limit Order.

Market Orders are executed as soon as they are placed, allowing customers to buy or sell immediately at current market prices.

The two different kinds of Limit Orders customers can use on BTCBear are Take-Profit and Stop-Loss. The Take-Profit order automatically closes an open order when the exchange rate reaches a specified threshold. These orders are used to lock in profits when customers are unavailable to monitor their open positions. The Stop-Loss order is a defensive mechanism, helping protect against further losses, as well as avoiding margin closeouts. This order type automatically closes an open position when the exchange rate moves against the customer, falling to the levels specified by the trader.

BTCBear says:

“Your trading style will dictate the order type that best suits your needs, you can use Market Orders, Limit Orders (Stop-Loss and Take-Profit). A Market Order is executed immediately when placed, It is priced using the current spot, or market price. A limit order is an order to buy or sell a currency pair, but only when certain conditions included in the original trade instructions are fulfilled.”


 

BTER Review

Bter

Time to evaluate this Bter review with respect to how well Bter performs in the above mentioned points

  • The list of altcoins that Bter provides is good. You have all the main altcoins and plenty of lesser known ones too. I think it is a good mix. However, on this single point alone.
  • Cryptsy definitely beats Bter, in that Cryptsy has more number of altcoins that you can trade.
  • Also remember that since Bter is a Chinese exchange, you have pairs available in CNY. Also, altcoins like ChinaCoin are available on Bter that are not usually available for trade on other exchanges.
  • Bter has better inventory than older exchanges like BTC-e or Vircurex although these older exchanges tend to be more robust 4/5

So that’s my Bter review in the different categories that I consider important for any altcoin exchange. I like the way Bter is progressing forward, as it seems to get better and better. They also seem to have a pulse of the industry and add promising coins soon, which is a huge plus for this exchange. It is established and well-run. Overall, I am quite happy with my experience so far with Bter.


 

CEX.io Review

CEX-io

CEX.IO is the cutting-edge market for Bitcoin-priced & fully-maintained GHashes.

Here you can buy or sell GHashes, Futures Contracts for the Bitfury ASIC chips or just trade on the increase or decrease of chip values.

Profit from trading GHashes and get revenue from the hashing power while you trade. Trading Bitcoin has never been so profitable!

CEX.IO also has a referral program that gives you 3% of new member deposits. It’s a great way to earn some free hashing power!

Here is a tip:

After you make a deposit, use the Instant Buy and Sell Option on the Trading page. It is quick and easy.


 

Coinbase Review

Coinbase

Coinbase has emerged as the foremost integrated wallet, exchange and business service. Based in San Francisco, it was launched in June 2012. Unlike other exchanges, it combines the ability to buy and sell bitcoins for US dollars with wallet software that allows customers to store, send and receive bitcoins. (Instead of acting as a true exchange, coins are bought and sold between users and Coinbase itself, rather than user-to-user.) Additionally, Coinbase offers merchant services so that businesses can accept bitcoins as payment. This wide-ranging approach has led to strong demand and the company now has more than 1 million customer wallets. Coinbase are a one-stop shop for bitcoin business and transactions, which has earned them the name the PayPal of bitcoin.

  • Popular and professional bitcoin exchange and wallet service
  • Dollar deposits through linked bank account
  • Majority of customer funds kept offline in bank vaults
  • Wallets fully protected with AES-256 encryption
  • Merchant tools available
  • $100+ million in external investment
  • Strong reputation for security
  • Bitcoin-only no alternative cryptocurrencies offered
  • No advanced trading tools
  • Most Reputable and Secure Exchange by Far
  • FREE $10 in Bitcoins When you Signup and Buy at Least $100 Worth! Updated Nov 2015

 

 

EXMO Review

EXMO

As listed on the website, Exmo has a range of advantages that sets it apart from the competition. First, deposits and withdrawals. Funds are credited instantly to a client’s account upon deposit, while withdrawals are very fast and executed automatically, without manual intervention requirements – something that we have seen slow withdrawals down considerably in the financial space in the past. The ability to trade with instant orders, where you can buy or sell a certain amount, or limit orders, where you can make more complex orders and set your own price.

Next comes security. Exmo calls its security “bullet-proof”, stating that funds, crypto currency and accounts of all client are protected and stored securely and appropriately according to industry standard protocol. Finally, the company offers some of the lowest commissions and industry, on all aspects of its offerings, including trades both long and short, deposits and withdrawals.

Exmo has a smooth, intuitive platform and offers some of the lowest commissions in the industry on a range of services including its exchange and trade mode. The company is trusted by just shy of 200,000 people in over 100 countries across the globe, and we believe this makes it one of the – if not the – industry leader in the bitcoin and alternative bitcoin exchange and digital currency exchange space. As a result, we are more than happy to recommend Exmo to our user base.


 

HitBTC Review

HitBTC

HitBTC is a place where both newcomers and trading professionals will be able to trade with ease.

HitBTC Bitcoin Exchange was built on top of modern technologies to provide fast, secure and reliable service.
Customers will appreciate fast order execution, convenient ways to add deposit and withdraw and
competitive client service. Newcomers will like intuitive user-friendly interface and easy-to-start platform.

The key focus is client funds safety. Daily backups of everything, distributed all over the world servers,
2-step authentication based on your mobile device and much more for your security.

For professional traders there are quite a number of features:

  • – WebSocket subscription for prices and trades
  • – Asynchronous WebSocket-based trading interface
  • – FOK and IOC orders

 

Localbitcoins Review

Localbitcoins Bitcoin ExchangeThe site is easy to use. You can put in the name of your city and zip code and look for buying or selling offers in your area. (There are also offers for buying and selling online via bank transfer but we are not going to get into that now and we are going to concentrate on the “local” aspect of localbitcoins) If you don´t see an offer in your area or do not like any of the offers you can place a buy or sell ad yourself. The prices are based on Bitstamp and you can add a + or – “premium”. This means that you are willing to buy or sell a % above or below the Bitstamp price. If I want to sell maybe I am willing to offer Bitstamp -1% to attract buyers.

Although you do not have to have a mobile phone number connected to your account. It does make things easier. Some people only accept offers from users that have verified a telephone number.


 

YoBit Review

Yobit

We found that Yobit content is not safe for kids and does not look fraudulent. We would describe it as legit.
Please be warned that to describe security status of Yobit.net we use data openly available on the Web, thus we cannot guarantee that no scam sites might have been mistakenly considered legit and no fraud or PC issues may occur in this regard. But usually the crowdsourced data we have is pretty accurate. Let’s see it below.We found that Yobit content is not safe for kids and does not look fraudulent. We would describe it as legit.
Please be warned that to describe security status of Yobit.net we use data openly available on the Web, thus we cannot guarantee that no scam sites might have been mistakenly considered legit and no fraud or PC issues may occur in this regard. But usually the crowdsourced data we have is pretty accurate. Let’s see it below. We analysed reviews from different sources and found out that this domain has mostly positive reviews. Yobit Bitcoin Exchange seems to be a properly managed and really safe resource well-proved with such a huge amount of positive reviews. Keep doing such a great job, guys!