Exchange Reviews

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.

RankPhotoSummaryRatingAction
1GDAX/Coinbase

GDAX/Coinbase

• Regulated exchange (BitLicense) • ACH deposits (free of charge) and Instant buy via Visa or MasterCard

Rated 4.1 stars Visit Site
2Bitstamp

Bitstamp

• Regulated exchange (national license passportable into the 28 EU member states) • SEPA deposits (very low costs)

Rated 3.8 stars Visit Site
3itBit

itBit

• Fully regulated exchange (trust charter) • Extensive guides

Rated 3.7 stars Visit Site
4Gemini

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
5Kraken

Kraken

• Strong liquidity in EUR markets • Margin trading / short selling supported • Extensive documentation high on educational value

Rated 3 stars Visit Site
6BTCC

BTCC

• No trade fees & near zero bid-ask spreads

Rated 2.9 stars Visit Site
7Coinfloor

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
8Gatecoin

Gatecoin

• Fiat funding is cheap for many areas • Strong documentation and risk disclosure

Rated 2.5 stars Visit Site
9Bter

Bter

Rated 2.5 stars
10CampBX

CampBX

Rated 2.5 stars
11Huobi

Huobi

• Strong liquidity in local spot market (CNY)

Rated 2.4 stars Visit Site
12BitBay

BitBay

• Low cost funding for SEPA zone users

Rated 2.3 stars Visit Site
13ANXPRO

ANXPRO

• Supports all major global currencies • Adaptive user interface

Rated 2.1 stars Visit Site
14Bittrex

Bittrex

Rated 2 stars Visit Site
15BTC Trade

BTC Trade

Rated 2 stars
16Poloniex

Poloniex

• Many altcoins to trade in • Margin trading in altcoins

Rated 1.7 stars Visit Site
17Bitfinex

Bitfinex

Rated 1 stars Visit Site
18LakeBTC

LakeBTC

Rated 1 stars Visit Site
19BTC-e [Closed]

BTC-e [Closed]

Rated 1 stars Visit Site
20OKCoin

OKCoin

Rated 1 stars Visit Site
21HitBTC

HitBTC

Rated 1 stars Visit Site