Exchange Reviews - Digiconomist

For many years cryptocurrency exchanges have operated in a “legal grey area”, causing many users of these platforms to suffer from low quality standards in the industry. This trend was finally reversed after the bankruptcy of Mt.Gox in 2014. The bankruptcy sent shock waves through the industry, prompting many exchanges to open up and allow for public reserve audits. Regulatory frameworks such as New York’s BitLicense entered the stage as well. Altogether the former has led to the professionalization of cryptocurrency exchange services, although the differences between various platforms are still significant. The exchange reviews at Digiconomist strongly reflect these differences, as legitimacy is a major component of every review. Exchanges are subjected to a high (and unique) level of scrutiny through Digiconomist’s proven Fraud Assessment framework.

Rank Photo Summary Rating Action
1 GDAX/Coinbase
•	Regulated exchange (BitLicense)
•	ACH deposits (free of charge) and Instant buy via Visa or MasterCard Rated 4.1 stars  Visit Site
2 Bitstamp
•	Regulated exchange (national license passportable into the 28 EU member states)
•	SEPA deposits (very low costs) Rated 3.8 stars  Visit Site
3 Gemini
•	Regulated as a trust company
•	High liquidity resulting in very low bid-ask spreads
•	Supports ACH transfers
•	Minimalistic design Rated 3.7 stars  Visit Site
4 itBit
•	Fully regulated exchange (trust charter)
•	Extensive guides Rated 3.7 stars  Visit Site
5 Kraken
•	Strong liquidity in EUR markets
•	Margin trading / short selling supported
•	Extensive documentation high on educational value
Rated 3 stars  Visit Site
6 BTCC [Closing]
•	No trade fees & near zero bid-ask spreads Rated 2.9 stars  Visit Site
7 Coinfloor
•	Liquid GBP order book
•	Frequently publishes Proof of Reserves reports
•	Low cost funding for SEPA zone users
•	Strong documentation Rated 2.8 stars  Visit Site
8 CampBX
Rated 2.5 stars 
9 Gatecoin
•	Fiat funding is cheap for many areas
•	Strong documentation and risk disclosure Rated 2.5 stars  Visit Site
10 Bter
Rated 2.5 stars 
11 BitBay
•	Low cost funding for SEPA zone users Rated 2.3 stars  Visit Site
12 ANXPRO
•	Supports all major global currencies
•	Adaptive user interface Rated 2.1 stars  Visit Site
13 BTC Trade [Closing]
Rated 2 stars 
14 Bittrex
Rated 2 stars  Visit Site
15 Poloniex
•	Many altcoins to trade in
•	Margin trading in altcoins Rated 1.7 stars  Visit Site
16 Huobi [Closing]
•	Strong liquidity in local spot market (CNY) Rated 1 stars  Visit Site
17 Bitfinex
Rated 1 stars  Visit Site
18 LakeBTC
Rated 1 stars  Visit Site
19 BTC-e [Closed]
Rated 1 stars  Visit Site
20 OKCoin [Closing]
Rated 1 stars  Visit Site
21 HitBTC
Rated 1 stars  Visit Site

Rank	Summary	Rating	Action
1	GDAX/Coinbase • Regulated exchange (BitLicense) • ACH deposits (free of charge) and Instant buy via Visa or MasterCard	Rated 4.1 stars	Visit Site
2	Bitstamp • Regulated exchange (national license passportable into the 28 EU member states) • SEPA deposits (very low costs)	Rated 3.8 stars	Visit Site
3	Gemini • Regulated as a trust company • High liquidity resulting in very low bid-ask spreads • Supports ACH transfers • Minimalistic design	Rated 3.7 stars	Visit Site
4	itBit • Fully regulated exchange (trust charter) • Extensive guides	Rated 3.7 stars	Visit Site
5	Kraken • Strong liquidity in EUR markets • Margin trading / short selling supported • Extensive documentation high on educational value	Rated 3 stars	Visit Site
6	BTCC [Closing] • No trade fees & near zero bid-ask spreads	Rated 2.9 stars	Visit Site
7	Coinfloor • Liquid GBP order book • Frequently publishes Proof of Reserves reports • Low cost funding for SEPA zone users • Strong documentation	Rated 2.8 stars	Visit Site
8	CampBX	Rated 2.5 stars
9	Gatecoin • Fiat funding is cheap for many areas • Strong documentation and risk disclosure	Rated 2.5 stars	Visit Site
10	Bter	Rated 2.5 stars
11	BitBay • Low cost funding for SEPA zone users	Rated 2.3 stars	Visit Site
12	ANXPRO • Supports all major global currencies • Adaptive user interface	Rated 2.1 stars	Visit Site
13	BTC Trade [Closing]	Rated 2 stars
14	Bittrex	Rated 2 stars	Visit Site
15	Poloniex • Many altcoins to trade in • Margin trading in altcoins	Rated 1.7 stars	Visit Site
16	Huobi [Closing] • Strong liquidity in local spot market (CNY)	Rated 1 stars	Visit Site
17	Bitfinex	Rated 1 stars	Visit Site
18	LakeBTC	Rated 1 stars	Visit Site
19	BTC-e [Closed]	Rated 1 stars	Visit Site
20	OKCoin [Closing]	Rated 1 stars	Visit Site
21	HitBTC	Rated 1 stars	Visit Site