Best Cryptocurrency Exchanges for Trading Bitcoin [Updated May 2019]

Bitcoin Exchange Guide aims to provide the leading cryptocurrency trading platform reviews for all investors seeking to buy, sell and trade blockchain-based crypto token assets.

While our main focus is delivering industry-wide curated research of daily news headlines and developing stories, the importance of new user education towards the vital nature of knowing all of the fundamental pillars of the virtual currency ecosystem is of great significance. From bitcoin mining, crypto trading, digital asset investing, to hot/cold wallet storage or any number of blockchain-related focal points, B.E.G. is here to help the cryptocurrency cause and culture as a whole.

We took the time and made the effort to survey our entire list of readers, subscribers and valued visitors in 2018 (which tallied nearly 5.5 million visitors and 7.7 million actions within our reach) to compile a comprehensive breakdown of the most actively used crypto exchanges of today. While our top bitcoin exchange review list is still growing with a dozen plus more in the works to add-in, we have assessed 60 and encourage everyone to bookmark this page for recent and relevant future updates and news-specific changes.

How We Rank and Review the Top Bitcoin Exchanges:

You will find for each of the best cryptocurrency exchanges available a list of the following principles laid out an easy to read and understandable format, as well as being able to compare all of them side by side to be able to choose which bitcoin buying or token trading service provider is right for you.


Here is the list of the hand-picked, best in class criteria we used to examine each of the 60 exchanges we reviewed, as well as the bullet points descriptions for each ranking factor we thought to hold near and dear to the user's experience:

  • cryptocurrency-exchange-ranking-checklistP2P / Centralized: Is the exchange centralized or not (this will become important as time goes)
  • Function: which of the buying, selling, trading, exchanging, storing methods do they offer
  • Established: Year the company and website started, became functional
  • Volume: Recorded trading activity amounts (daily and historic)
  • Pairs: how many active base trading pairs does each bitcoin exchange offer
  • Owners: Who is the owner, founder, CEO and management of the company/brand/platform
  • Location: Where are they based from and any extended operations
  • Fiat: do they accept fiat/crypto or just crypto to crypto altcoin trading
  • Trust Level: based on our survey of thousands of visitors, how trustworthy is the digital currency exchange in the public eye
  • Support: customer service, speed of response and how fast they deal with arising issues
  • Security History: hacks, attacks and cracks within the crypto exchange history and infrastructure
  • Coin Listing Process: how rigorous is each crypto exchange at listing new coins and the rigidity of the process for accepting and allowing new ICO/tokens to trade
  • KYC/AML Requirements: Know Your Customer / Anti-Money Laundering are two monster terms that all bitcoin exchange users need to understand and know as their importance and significance will only continue to grow despite the decentralization aspect of the blockchain world
  • Fees: the ever lovely transaction fees, wallet storage hindrances and payment costs associated with using cryptocurrency exchanges
  • Benefits: top, most recognized benefits of each bitcoin trading platform. What features and functions stand out most about each of these 55 crypto exchanges?
  • Reputation: finally, last but certainly not least, what is the overall feel and presence each exchange gives off. We break down the aura of each crypto asset trading service and share a score of confidence.

best-bitcoin-exchanges-2019As you can see, we went to town not because we had to, but because we needed to. Sure, most retail investors and newcomers have heard of industry giants like Coinbase, Gemini, Binance, Bitfinex, Poloniex, Bittrex, Huobi and Kraken.

But how about up and coming or even silent staples of the space like Shapeshift, Xapo, Changelly, LocalBitcoins, Cobinhood,, KuCoin, Coinmama, Cryptopia, ANXpro, BitFlyer, Bitstamp, CoinEx, HitBTC, CoinExchange, Paxful, Quoinex, Coinify, Digifinex, BW, CoinBene,, Bibox or WEX?

Yes, we know it can get confusing fast and thus this masterpiece was born to help the beginner as well as the boss trading enthusiast. The below serves as the first-ever all-in-one hotspot to compare and contrast all of the top ranking bitcoin exchanges. Be sure to bookmark this page and revisit frequently as we will be adding more reviews, like we have below: Luno, Bitpanda, Bitsquare, BitMex, OKEx, Deribit, Coinone, Wirex, Square Cash App, Xcoins, Yobit, Bitbay, Bit-Z, Coinfloor, Bitso, Coincheck and eToro as well as the much anticipated Bakkt and ErisX exchanges.

After examining and analyzing all of our unique individualized cryptocurrency exchange research of the best 60 bitcoin trading exchanges, make sure to join our email list at the bottom for ALL of our guides and insights spanning the entire bitcoin and crypto markets.

How Cryptocurrency Exchanges Work

Understanding how exchanges generally work is necessary before we can even begin to analyze the blockchain and make accurate inferences about the activity within it. So the purpose of this article will be to sift these details for the reader and explain them in a palatable manner. There are three types of wallets/addresses that most exchanges have. They are:

1. Deposit addresses
2. Hot Wallets
3. Cold Wallets

How They Work:

Deposit addresses are the wallets give you to credit your account. For example, when you set up an account at Binance/Coinbase/whatever and you fulfill the KYC/AML or the e-mail registration or whatever you have have to do, you have an account at base level. Of course, your account has 0 funds. But you want to trade! So you click the ‘deposit’ button and the exchange gives you an address where you can deposit whatever crypto you want to send. That address does not keep the funds. That wallet that the exchange creates for you, dumps those funds off to their hot wallet.

Example of a Deposit Address

Above, is an example of a Kraken deposit address. We placed a box around all of the funds that were sent to that deposit address to make it easier to read. Notice that all of the funds are going immediately back out to “Kraken 5” — that’s their hot wallet.

What is a Hot Wallet?

As you’ve probably gathered at this point, the hot wallet is the ‘collection point’ for any and everyone that has sent funds to the exchange. They send funds to the deposit address, then the exchange ‘sweeps’ that deposit address and sends funds to the ‘hot wallet’. I’m sure you’ll find some exception, but there are very few. This is generally how almost every (centralized) exchange works. Even the ones that are “scams” generally work on this principle. Some exchanges use multiple wallets (this is more common w Ethereum), and some exchanges only use one. Binance, for example, only uses one hot wallet for Bitcoin.

Why Don’t People Just Send Funds Directly to a Hot Wallet?

At first glance, it probably seems like deposit addresses are an unnecessary part of this equation. After all, if the funds you’re sending to the deposit address are always being swept to the hot wallet address, why not just save the transaction fees and hassle and just have people send funds to the hot wallet?

This is the Best Way for Exchanges to Credit You

Every deposit address that an exchange creates is unique to that customer. Most of the time they are brand new addresses that are generated. So if Billy Bob creates an account at Binance and says, “I want to deposit my Bitcoin here!” — then Binance will generate a brand new Bitcoin address for him. Let’s say (3XMAJF2383AF3AJA3Jsfa2) or something random.

In their internal system, they have marked that address as belonging to BIlly Bob. So any time funds are sent there, Billy Bob is credited. He can send the Bitcoin today or tomorrow, it doesn’t matter. If Binance said, “Hey Billy Bob just send the funds straight to our hot wallet”, then they would have no way of tracking Billy Bob’s funds. Billy Bob could claim that the 20 bitcoin deposit that Binance’s hot wallet just got (hypothetically) belongs to him. Maybe it is his 20 bitcoin deposit, maybe its someone else’s. How would they know? They wouldn’t. And because Binance is so massive and popular, they woudl be getting flooded with thousands of transcations from all over from folks claiming that they sent their funds to Binance. Thus, deposit addresses help keep order.

Cold Wallet Addresses Explained

One major takeaway from the Binance situation is that the hackers were only able to get 7,000 bitcoins.


The reason for that is because this was all Binance had in their hot wallet (they had a little more, but not much over top of 7k). Thus, in that regard, this situation exemplified why using a ‘cold wallet’ is imperative — because **** happens, no matter how good you think your opsec is. As an exchange, you pray you never get hacked — but let’s face it, you’re a walking target and people will do everything they can to try to compromise you because that payday will allow that lucky hacker to fly to the Bahamas and live the rest of their life in bliss (i.e., Binance was hacked for $40 million worth of bitcoins).

So what do you do?

Prepare for a rainy day.

Note That Hot Wallets Are Responsible for Withdrawals

Most people know this, but we’re iterating it here again in case anyone doesn’t. If you request a withdrawal from an exchange, 999/1000 times its going to come from that exchange’s hot wallet address. Thus, exchanges must keep a certain amount in funds on their hot wallet in order to satisfy withdrawals. But they don’t need to keep everything on there.


Only a certain amount of people are going to request their Bitcoin/Ethereum/Litecoin/whatever. So exchanges really only need to keep a certain amount ‘on hand’ to send funds out to customers. A smart exchange calculates how much they typically need to send out on a day to day basis and they use this estimate to manage how much in funds they keep in their hot wallet. Anything they receive over top of that number is usually sent to something called a ‘cold wallet’. This wallet is supposed to be offline and the only funds that they should be receiving should be coming from the exchange’s hot wallet address(es).

Note: A cold wallet should NOT be receiving funds from customers. Ever.

Any wallet sending funds to a cold wallet belongs to that exchange unless someone is making a generous donation.

Example of Cold Wallet Interactions

Here are all the incoming transactions to Bitfinex’s Cold Wallet Address (Ethereum). They all come from their Hot Wallet.

Why Did You Spend So Much Time Telling Us About How Exchanges Work?

What was stated above is really important to know when it comes to blockchain analysis (which is also very crucial), for the following reasons:

1. The vast majority of blockchain activity involves exchanges in some way. Yes, there are people that simply send funds directly from one friend to another — but the vast majority of funds are held at exchanges and exchanges are the primary entities that are used to send and receive crypto as well. Therefore, it is imperative that anyone seeking to glean information from the blockchain be well aware of how exchanges generally work.

2. This information will help you to figure out which addresses are ‘hot wallets’ and which ones are ‘cold wallets’. Some people have seen the author ask, “Has anyone deposited ____ to [insert exchange] before?”. The reason why the author has asked that is because this information will help to figure out what that entity’s hot wallet address is.

3. This information helps us to figure out which addresses belong to customers and which ones belong to the exchange itself. This is a super important distinction, because the implications behind each can be massive. For example, if there is a hack (like what we saw with Binance) and those coins are sent directly to some exchange’s hot wallet address, then we should be extremely suspicious of that exchange and question them heavily. However, if those coins end up at a deposit address at an exchange, we cannot necessarily fault the exchange 100% because we cannot use that evidence alone to prove that they knowingly facilitated this theft. Of course, since this is public knowledge, we should be assuming that exchanges have certain measures in place to track certain funds and ensure that they are not liquidated down at their exchange.

4. Because hot wallet addresses are a collection pool for all funds, they are the ultimate ‘mixers’ in crypto. Thus, whenever stolen/scammed/illegal funds hit an exchange, the burden is on the exchange to provide the necessary information to assist the community/law enforcement/whoever in locating who those funds belong to or where they have went. If that exchange refuses for whatever reason, then this is a dead end. The only exception to this rule is an extremely stupid hacker that sends a very specific amount (like 1035.9239291381 bitcoins) and we see an amount that’s nearly exact being sent from the exchange later. This rarely happens, but when it does, it helps.

There are a number of additional conclusions we can make based on this information, but what we listed above are the most important — by far. Without having this knowledge in hand, tracking funds on the blockchain is a futile effort because you will not know what you’re looking at or understand what it means. Or you may end up looking over really important information.


The ANXPRO exchange it a different digital exchange, with an unusually high number of fiat currency supported and a bitcoin debit card offer, too. ANXPRO is the brainchild of ANX International, also known previously as Asia Nexgen, a blockchain fintech company.ANX launched ANX Blockchain Services (ABS) in 2016, the cloud platform where users can create digital assets and wallets, and the ANXPRO exchange was a key component of the ABS launch. Still sometimes confusing to newcomers as all the acronyms still abound online and are used interchangeably by some, the exchange was initially called ANXBTC.ANXPRO today has over 3 million users in more than 50 countries around the world. Although now seen as somewhat pricey in comparison to many competitors, ANXPRO has handled more than 100 million transactions since inception. Bitcoin rules on ANXPRO, and the company debit card allows users to spend bitcoin at retailers worldwide by tying fiat conversions in on the backend. This lets users shop as though they’re spending fiat, as with any other consumer bank card.

Many seasoned traders avoid the exchange, pointing to their inability to sell short or trade margins on ANXPRO. The exchange does not offer stop orders or other touches that dedicated traders have come to expect as a baseline offering from professional digital exchanges. Nonetheless, the exchange’s model has found appeal with many users, and newcomers particularly enjoy the relatively simplified structure and fiat accommodation.

P2P / Centralized Central
Function Trading
Established 2013
Pairs 12
Owners ANX International
Locale Hong Kong
Fiat Yes
Trust Level 9/10
Support 7/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.1 – 0.2%
Benefits Fiat, security
Reputation 8/10

ANXPRO Establishment

The ANXPRO exchange was established in 2013 and called Asia Nexgen. In 2014 Hong Kong-based ANX International relaunched the exchange as ANXPRO, ostensibly a more nuanced and professional offer for seasoned traders. ANX International is a fintech company developing enterprise and other blockchain applications, with ANXPRO currently their most visible success.

ANXPRO Trading Volumes

The exchange has been noted to carry lower volumes than comparable digital exchanges, mostly due to its limited trading tool offered to experienced traders. That said, although less glamorous than others’ rise in the cryptosphere has been, it is a well-established platform with a strong local loyalty supporting its activities. Daily volumes sit around $540,630.

Number Of Coin Pairs On ANXPRO

There are essentially 12 pairs offered on the platform, although the texture of the site is far more geared towards enabling fiat transactability on a predominantly bitcoin exchange. Being primarily a fiat-crypto exchange platform, ANXPRO supports many more fiat currencies than most other digital exchanges.

The majority of pairs feature base-BTC quoted against various fiats. There are other base cryptocurrencies paired too, namely litecoin (LTC), stellar (SRT), dogecoin (DOGE) and ripple (XRP).

Who Owns ANXPRO?

The ANXPRO exchange is owned by ANX International whose current CEO is Ken Lo. During 2014, the company was instrumental in bringing the first Bitcoin ATM to Hong Kong, allowing verified users to employ their QR code to deposit funds.

ANXPRO’s Features, Benefits, & Reputation

Although savvy in architecture, the ANXPRO back-office does present as more of a retail-end platform, designed for consumers who are actively swapping out fiat for crypto.

While this might sound like an average digital exchange, the reality is that seasoned traders looking to make a profit from day or even longer-term trading tend to trade elsewhere. ANXPRO is very much a consumer-facing site, and its appeal to the retail user is largely responsible for its current standing.

The platform welcomes newcomers, as it’s not technically overloaded. Unfortunately, however, US citizens’ ability to employ the site varies, with US residents previously unable to fund wallets on the exchange. Currently, some restrictions remain, with Japanese, Chinese and some state citizens in the US and other countries being precluded.

The ANXPRO mobile wallet is known as the ANX Vault and is comparable to many wallet options. Platform users experience a maker-taker structure, where market takers pay 0.2 percent and makers 0.1 percent on a trade.

There are no deposit fees on the exchange, and withdrawal and trading fees are competitive, although cheaper options abound for users seeking best-price digital exchange transactions.

ANXPRO allows users to “return” fiat to the real world by ordering a debit card that pays according to a user’s BTC holdings. Once depleted, a user can simply top up their card from his exchange wallet. This facility has proved to be a sweet spot for many especially local consumers, and ANXPRO has made the amalgamation of fiat and crypto one of its fundamental values.

Cards can only be loaded with an annual maximum of $32,000. When drawing money at an ATM, users pay a fee of 1.5 percent or $7, whichever is the greater. Local users pay no withdrawal fees, and there are other small incentives for Hong Kong residents, too.

ANXPRO KYC & AML Requirements

ANXPRO might not be the ideal exchange for a bitcoin enthusiast still clinging to the original insistence of anonymity, as full-house KYC and AML protocols need to be met by platform users.

Although the exchange does a lot of OTC business, in order to establish an account, users will need to verify their identity before being able to trade. In part due to the addition of a card issue, the KYC and AML protocols demanded of site users are very similar to legacy banking protocols.

ANXPRO Fiat Acceptance

Fiat acceptance is a base component of the exchange, and many more currencies are welcome here than the majority of other digital exchanges. Fiats accepted include: USD, CAD, AUD, EUR, CHF, HK$, JPY, GBP, NZD, and SGD.

ANXPRO Trust Level

The ANXPRO exchange has maintained tight security and a dynamic interaction with users, making for a current trustworthy standing in the eyes of many who are loyal to the exchange. In approach and service a professional and sleek platform, consumer satisfaction levels remain high and the exchange is known as a trustworthy and responsive entity.

In part because of the transparency and visibility of ANX itself, the ANXPRO exchange has always presented as a solid and legitimate offer. Trust levels have grown internationally, largely on the back of tremendously positive domestic reviews, and while the exchange is ranked in the top twenty for bitcoin volumes, it also ranks high on user trust.

ANXPRO Customer Experience & Support

Very few user complaints are featured online, and whether this is a product of domestic language or alphabet use remains debatable. It does appear that because ANXPRO is largely customer-oriented, employment of the exchange gives rise to few public appeals for help. More typical of legacy banking support, the help available is extensively automated but ultimately far better than the majority of digital exchanges.

For the most part, the ANXPRO platform has maintained the basic support structure of its parent company. Although still minimalist, it is prompt and professional enough to rank far above the average crypto exchange’s idea of support.

ANXPRO Security History

A large contributor to the exuberant ethos that pervades the ANXPRO platform is the fact that it has never been successfully hacked. There has been intense pressure on digital exchanges, especially Asian startups, as Japanese and Korean exchanges have suffered several successful losses that darkened news in the cryptosphere every now and then.

Hackers and phishers have latched onto the potentially massive windfalls associated with bitcoin and other cryptos. To date, however, ANXPRO has managed a tight security system and never suffered a successful hack of the exchange.

ANXPRO Listing Procedures

As the platform boasts a different offer on fiat and crypto, the currencies listed on the exchange are determined by company evaluation, and things change slowly. Similar to some peers, ANXPRO has a very specific offering that targets prime fiats and cryptos and new additions are generally motivated by real-world currency prominence.

With that said, ANXPRO is not constantly adding cryptos or fiats but has stayed the course with its current pairs. Users seeking a greater range of tokens will have to get into crypto with their fiat via ANXPRO, but then trade out from their wallets across other exchanges in pursuit of more obscure digital coins.

ANXPRO Conclusion

With its openness towards fiats, bitcoin debit card and legacy-style support for the modern consumer, ANXPRO has a lot of attraction for particularly Hong Kong residents looking for digital coin application. Definitely a currency/real-world money facility, some bemoan the absence of ether and other altcoins, a product of Asian popularity and the platform’s currency focus.

Although many fiats are accepted and traded, some users will need to swap out their USD on a traditional exchange and fund their ANXPRO account with HKD once done. The platform’s strong local focus is both a great source of positive anticipation by global users, as well as hindering the smooth uptake of services by foreign nationals.

Overall, however, the exchange remains a bitcoin powerhouse with many useful facilities enjoyed by users. Very much like other bitcoin-focused exchanges, while user volumes might currently appear subdued for such an established digital exchange, it remains to be seen where the platform ranks over the short term as investors predict a resurgence of the bitcoin price to previous levels.



B2BX is a cryptocurrency exchange catering to both retail and institutional investors. With $30 million of 24 hour trading volume, B2BX ranks among the top 50 or 60 cryptocurrency exchanges worldwide by transaction volume. Today, the exchange has particularly strong volume in its Tether (USDT) pairs, including BTC/USDT, ETH/USDT, XRP/USDT, and LTC/USDT. Keep reading to find out everything you need to know about this Moscow-based exchange.

P2P / Centralized Centralized
Function Trading
Established 2014
Volume $ 30 Million USD
Pairs 30
Owners B2BX Digital Exchange Ltd., B2BX Digital Exchange OÜ
Locale Moscow, Russia
Fiat No
Trust Level 8/10
Support 10/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes (for fiat USD and EUR trading)
Fees 0.1% – 0.38%
Benefits Easy crypto trading on a sleek-looking exchange
Reputation 9/10

B2BX Establishment

B2BX was founded in 2014 in Moscow, Russia. Today, the company is officially managed by two companies registered in two different countries. B2BX is transparent about all company information, including the company’s license number for Estonia (NoFVR000514). However, there’s limited information about the management team or executives posted online. Crunchbase reports that B2BX was founded by Artur Azizov. Some cryptocurrency exchanges choose to disclose this information while others do not.

B2BX Trading Volumes

B2BX has strong trading volume and is among the top 50 or 60 cryptocurrency exchanges worldwide by transaction volume. As of February 2019, B2BX has 24 hour trading volume of around $30 million, placing it at #51 on the list of top crypto exchanges by volume.

Number of Coin Pairs on B2BX

B2BX currently lists 30 different coin pairs. The highest-volume pairs include BTC/USDT, ETH/USDT, XRP/USDT, LTC/USDT, ETH/BTC, XRP/BTC, and DASH/USDT. Tether is the only “fiat currency” or stablecoin listed on the platform. Other cryptocurrencies available for trading through B2BX include OMG, NEO, ADA, XEM, and XMR. B2BX also offers about a dozen trading pairs denominated in its B2BX digital token. You can buy the token to get a discount on your trading fees.

Who Owns B2BX?

B2BX is headquartered in Moscow, although it’s officially managed by two companies: one company called B2BX Digital Exchange Ltd. is registered in Majuro, Marshall Islands. The other company called B2BX Digital Exchange OÜ is registered in Tallinn, Estonia. B2BX appears to be fully-owned by both of these companies.

B2BX Features, Benefits, & Reputation

B2BX caters to both retail and institutional investors. Many investors enjoy the B2BX interface, which has a sleek black-and-green appearance that makes trading a breeze. Deposits and withdrawals are easy via the B2BinPay system, letting you withdraw and deposit funds surprisingly quickly. B2BX also claims to store all customer funds in cold wallets, “leaving only a smart part on warm and hot wallets,” according to the official website.

B2BX is also known for its loyalty token, the B2BX token. Similar to other native exchange tokens, B2BX lets users get a 35% discount on commissions when they pay their trading fees with B2BX. You can buy B2BX directly from the exchange, where it’s available as a trading pair with all major cryptocurrencies.

Moreover, B2BX has tools catered to advanced investors and institutional traders. There are 9 types of orders available from the tab. Plus, traders can view open orders, executed orders, canceled transactions, and other information directly from the trading screen without leaving the platform. Technical indicators and drawing tools let you analyze the markets, while live data feeds feature daily minimum and maximum prices, change in percentage information, last price, and more. All of this information is packaged neatly into the B2BX interface.

Furthermore, institutions also have the opportunity to whitelabel the B2BX exchange, allowing the institution’s own customers to access B2BX’s liquidity pool while making trades over a branded interface. WebSocket, REST, and FIX APIs are all available to advanced traders as well.

For fees, B2BX charges a 0.15% maker fee and a 0.18% taker fee for institutional and professional traders on the platform. If you sign up for the loyalty program and pay your transaction fees with B2BX tokens, then you’ll pay a reduced maker fee of 0.1% and a taker fee of 0.12%.

B2BX KYC & AML Requirements

B2BX requires KYC and AML verification for institutional investors. You are also required to complete verification if you are trading or depositing fiat currency into the platform. The KYC/AML verification process is similar to the process on other sites: you upload government-issued photo ID and a picture of yourself to verify your identity.

B2BX Fiat Acceptance

B2BX uses Tether as its de-facto fiat currency on the platform. You can trade multiple cryptocurrencies for USDT, including BTC, ETH, XRP, and LTC.

B2BX Trust Level

B2BX may not be the most transparent crypto exchange on the internet today. However, the exchange is generally trusted by crypto users, and it provides enough transparency to assuage the concerns of worried customers. You can view contact information for B2BX online at the official website. B2BX also has a bug bounty program – something that is always good to see at an exchange. You can contact the B2BX team via Telegram, Twitter, Facebook, YouTube, and Reddit.

B2BX Customer Experience & Support

B2BX offers customer service to all users via Telegram, Twitter, email, and live chat. You can email [email protected] for any questions you might have. You can also contact the tam via live chat on Online support is available 24 hours a day, 7 days a week. Generally, customers seem to have good things to say about B2BX’s customer support and customer experience.

B2BX Security History

B2BX has had no major security incidents, hacks, or breaches in its multi-year track record of running an exchange. As far as the public knows, B2BX has never lost customer funds due to a hacking attack or a breach. B2BX appears to maintain strong security standards. Users can implement two-factor authentication into their accounts. B2BX also has a bug bounty program where they reward security researchers for finding bugs in the exchange.

B2BX Listing Procedures

The front page of B2BX has a link where users can apply to have their coin listed on the platform. However, as of February 2019, all exchange listings are closed.

B2BX Conclusion

B2BX is a Moscow, Russia-based exchange that offers a wide variety of cryptocurrency trading pairs available at competitive trading prices. Users can reduce trading fees significantly by paying with B2BX tokens. B2BX caters to both institutional and retail investors, although it’s particularly popular among advanced traders and institutions. 9 different order types are available through the platform, and B2BX has a strong track record of maintaining high security standards. To learn more about the popular Russian crypto exchange, visit online today at



Bakkt is an upcoming cryptocurrency exchange aiming to launch in 2019. After receiving funding and gathering momentum throughout the latter half of 2018, Bakkt may be ready to accept institutional investors by Q1 or Q2 2019. The platform was originally expected to launch bitcoin futures trading in November 2018, although that date was later pushed back to “early 2019”. Today, Bakkt is one of the most-hyped companies in the crypto space. Some believe Bakkt will pave the way for the approval of a bitcoin ETF. Others believe that Bakkt will be the catalyst that encourages trillions of dollars of institutional capital to pour into the space. There’s plenty of reason to be excited about Bakkt: the company has raised $182.5 million from 12 partners and investors since being announced in summer 2018. Those investors and partners include Starbucks, Microsoft, Boston Consulting Group, Galaxy Digital, and other major players.

P2P / Centralized Centralized
Function Trading
Established 2018
Owners International Exchange (ICE)
Locale Atlanta, Georgia
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Benefits Easy, secure crypto trading
Reputation 10/10

Bakkt Establishment

Bakkt was announced in summer 2018. Initially the platform was expected to launch its first products in November 2018, although the release date was pushed back to January 2018, and then again to “early 2019”. Bakkt was launched by Intercontinental Exchange (ICE), an American company that owns and operates 12 regulated exchanges and marketplaces, including ICE futures exchanges, the New York Stock Exchanges, and more. In August 2018, ICE announced it was forming a new company called Bakkt that would leverage Microsoft cloud solutions to create an open and regulated global ecosystem for digital assets. Key members of the Bakkt team include Jeffrey Sprecher (Founder), Charles Vice (Vice Chairman), Benjamin Jackson (President), and Kelly Loeffler (CEO). Sprecher originally served as CEO of his company before handing the reins to his wife, Kelly Loeffler, in August 2018.

Bakkt Trading Volumes

Bakkt has not yet launched, so trading volume has not yet been established.

Number of Coin Pairs on Bakkt

The first product launched on Bakkt will be a 1-day physically delivered bitcoin contract paired with physical warehousing. Customers will be able to buy a futures contract while also getting physical bitcoin. Moving forward, it’s expected that Bakkt will support other major cryptocurrency and fiat currency pairs. However, we do not have specific information about supported Bakkt coin pairs at this time.

Who Owns Bakkt?

Bakkt is owned by Intercontinental Exchange (ICE), the same parent company of the New York Stock Exchange and other regulated exchanges. Bakkt has also attracted significant private investment. As of December 2018, Bakkt has raised $182.5 million from partners and investors like Boston Consulting Group, CMT Digital, Galaxy Digital, Eagle Seven, Goldfinch Partners, Alan Howard, Horizons Ventures, M12 (the venture capital arm of Microsoft), Pantera Capital, and PayU.

Bakkt Features, Benefits, & Reputation

The primary goal of Bakkt is to bring trust and utility to digital assets. Bakkt claims to be “building an open, seamless global network to enable you to buy, sell, store and spend digital assets simply, safely and efficiently.” With Bakkt, both retail investors and institutional firms will be able to safely and securely trade cryptocurrencies for fiat currencies. Bakkt plans to offer a secure, insured storage solution that will allow customers to store funds with peace of mind.

Bakkt KYC & AML Requirements

Bakkt has not yet revealed its specific KYC and AML requirements. At launch, however, the exchange is expected to require comprehensive KYC and AML verification from users.

Bakkt Fiat Acceptance

Bakkt will likely accept the US Dollar and other major fiat currencies. However, we do not have specific information regarding which currencies will be supported on the platform.

Bakkt Trust Level

Bakkt is backed by some of America’s largest and best-known investors and corporations. Although Bakkt has not yet launched, we can assess the trust level of Bakkt by looking at the institutions that have invested in the company. Today, Bakkt is a well-respected company abiding by all applicable laws and regulations.

Bakkt Customer Experience & Support

Bakkt will likely have strong customer support on launch. The exchange aims to cater to institutional and retail investors. Bakkt will differentiate itself from the crowd by offering federally regulated markets and warehousing along with merchant and consumer applications. It’s unclear if Bakkt will offer mobile apps. However, based on the backing of the company, Bakkt has the resources to build one of the best interfaces in the crypto space.

Bakkt Security History

Bakkt has not yet launched, so it currently has an impeccable security history. Bakkt has not suffered any major security breach to date, nor have there been any major leaks about the company. Based on the company’s activity since summer 2018, Bakkt seems to run a tight-lipped operation with strong security. Furthermore, Bakkt plans to offer secure, regulated cryptocurrency storage to institutional and retail investors upon launch, giving investors a trusted way to store their funds while enjoying benefits like FDIC protection.

Bakkt Listing Procedures

Bakkt aims to list popular cryptoassets like bitcoin and major fiat currencies like the US Dollar. Bakkt has not disclosed any official listing policies, nor have they listed which cryptocurrencies they plan to support at launch.

Bakkt Conclusion

Bakkt could grow to become one of the biggest and best exchanges in the crypto space. Announced in summer 2018, Bakkt is supported by some of America’s most influential corporations and investors. Bakkt’s parent company, ICE, is the same company that runs the New York Stock Exchange and 11 other regulated exchanges and marketplace across the United States, Canada, and Europe. Originally scheduled to launch in fall 2018, Bakkt’s release date was pushed back to January 2019. Now, the company is saying it will launch its first bitcoin futures contract in “early 2019”. Aside from the delays, Bakkt appears to have a bright future ahead of it. If successful, Bakkt will offer a secure, regulated platform where retail and institutional investors can securely buy, sell, and store digital assets.



Bibox is a popular cryptocurrency exchange founded in 2017. The exchange has grown to become one of the world’s leading exchanges by trading volume. Today, users can trade over 180 different currency pairs on Bibox. Bibox is also known for its perpetual futures contracts, similar to the products seen on BitMEX and Deribit. Just like Binance, Bibox is a large exchange by trading volume – but there’s very little information available online about the founding team or anyone else involved with the company.  The company is registered in Estonia, although most reports indicate the company is based in Bejing, China.

As of March 2019, Bibox is within the top 10 to 15 crypto exchanges worldwide by market cap. With average 24 hour trading volume of around $500 million, Bibox is ahead of well-established competitors like BitForex, OKEx, and BCEX. Bibox has particularly strong trading volume in pairs like EOS/ETH, BTC/USDT, ETH/BTC, and ETH/USDT. Bibox also tends to feature a greater volume of trading pairs than other exchanges. Currently, Bibox has over 180+ trading pairs listed on its website, making it one of the largest exchanges in the top 10 in terms of the sheer number of trading pairs. Bibox also features trading pairs for its native Bibox token (BIX), which has grown to become one of the top 150 largest cryptocurrencies in the world by market cap (sitting in the #147 spot as of March 2019).

P2P / Centralized Centralized
Function Trading
Established 2017
Volume $520 million USD
Pairs 180+
Owners Bibox Technology Ltd.
Locale Estonia
Fiat No
Trust Level 4/10
Support 8/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements No
Fees 0.05% to 0.1%
Benefits Cheap, crypto-to-crypto trading in a lax regulatory environment
Reputation 5/10

Bibox Establishment

Bibox is officially registered in the country of Estonia under the name Bibox Technology Ltd. However, the exchange appears to maintain its headquarters in Beijing, China. Overall, there’s limited information about who’s behind Bibox, what their history is, or where the exchange is based. We know very little about Bibox. Reports online consistently describe Bibox as a “Chinese exchange”, for example. Meanwhile, the company’s own LinkedIn page claims that Bibox is headquartered in Singapore. Here’s what we do know: Bibox was founded in November 2017 by “top-tier Chinese blockchain giants”, including “early bitcoin enthusiasts, adopters or blockchain, established serial entrepreneurs, professional securities traders, VCs, high-tech angel investors and one of the best AI experts in the industry.” That’s how Bibox officially describes its founding story. Crypto media outlets like Blockonomi, meanwhile, claim that Bibox was founded by former employees of Binance, OKCoin, and Huobi, citing “various online sources.” Bibox also appears to run operation centers in the United States, Canada, and South Korea.

Bibox Trading Volumes

Bibox has some of the strongest trading volume in the industry. As of March 2019, Bibox is one of the top 10 crypto exchanges by 24 hour trading volume. Over the average 24 hour period, $520 million of digital currency is traded on Bibox. Four pairs account for 90% of all trading volume on the platform, including EOS/ETH, BTC/USDT, ETH/BTC, and ETH/USDT.

Number of Coin Pairs on Bibox

There are a total of 180+ pairs on Bibox, with no fiat currency pairs except for Tether (USDT) and the Gemini Dollar (GUSD) available.  In addition to listing most major cryptocurrencies, Bibox lists dozens of more obscure cryptocurrencies. Multiple Bibox Token (BIX) pairs are also available, including BIX/BTC and BIX/USDT. Plus, there are perpetual contracts on Bibox, similar to the perpetual contracts found on Deribit and BitMEX, among other exchanges.

Who Owns Bibox?

It’s unknown who owns Bibox. The company appears to be owned by a group of Chinese businesspeople, although Bibox is officially registered in Estonia under the name Bibox Technology Ltd.

Bibox Features, Benefits, & Reputation

Bibox has grown popular for the same reason that Binance suddenly became popular: it offers cheap crypto-to-crypto trading in a lax regulatory environment with minimal oversight. The key feature of Bibox is that there’s limited KYC/AML verification required. Although KYC/AML is available, it’s only required for those who wish to withdraw more than a certain amount per day. Lax regulations like this, combined with heavy discounts available for BIX token users, have allowed Bibox to quickly become one of the world’s most popular crypto exchanges.

In terms of reputation, Bibox has limited information about itself available online. Various reports suggest the company was founded by a group of former executives and founders from Huobi, Binance, and OKCoin, although we have not been able to independently verify these reports. Bibox does not appear to publicly disclose its location online, although it seems to have a presence in Beijing, Singapore, and Estonia. The lack of transparency makes it difficult to give Bibox a strong reputation rating.

In December 2018, Bibox bought a 100% share of decentralized exchange allows traders to swap ERC20 tokens. Moving forward, Bibox may integrate the decentralized exchange into its own business. Earlier in the year, Bibox had purchased Swiss company Chain Capital, which owns a special license to conduct digital currency business in Europe, indicating that Bibox has greater ambitions beyond being a straight crypto-to-crypto trading platform.

Bibox has competitive trading fees, with all trades charged a fee of 0.1%. Anyone paying with BIX, meanwhile, can get discounts of 50%, although discounts are scheduled to be reduced over time (25% in the second year, 12.5% in the third year, 6.25% in the fourth year, and no discount after the fifth year). Bibox also charges small withdrawal fees for all crypto withdrawals.

Bibox KYC & AML Requirements

When registering for Bibox for the first time, all you need to do is enter a username, email address, and password, then verify your email address. You also need to solve one or two basic puzzles to verify you’re not a bot. Aside from that, there do not appear to be strict KYC/AML requirements on Bibox, although you might encounter withdrawal limits on a non-verified account.

Bibox Fiat Acceptance

Bibox does not accept any fiat currency deposits. You can only deposit cryptocurrencies into Bibox. There are, however, two stablecoins listed on Bibox, including Tether (USDT) and the Gemini Dollar (GUSD).

Bibox Trust Level

Bibox’s trust mostly comes from its size and influence: the exchange is one of the largest in the industry. However, there’s limited information about who’s running the exchange, where they’re based, or other information, giving us little reason to trust the company. Nevertheless, Bibox is registered in Estonia and seems to maintain offices in multiple locations worldwide. There’s a lack of transparency, but Bibox is more legitimate than some of the shadier exchanges out there.

Bibox Customer Experience & Support

Bibox offers multiple ways for customers to get in touch, including Telegram support channels in Chinese, English, and Korean. Bibox also has a WeChat support channel, an email address, and an online submission form. Generally, users seem to have a good customer support experience with Bibox online.

Bibox Security History

Bibox has a clean security history. Since launching in late 2017, the exchange has not suffered any major, publicly-disclosed hacks.

Bibox Listing Procedures

Bibox seems to have an open listing procedure. With 180+ pairs listed on the exchange, Bibox has a tendency to post any coin if there’s a demand. No specific listing requirements are posted on the official Bibox website.

Bibox Conclusion

While Bibox lacks the transparency of certain other exchanges, Bibox has established itself as a giant in the crypto exchange space. Fueled by strong trading volumes and heavy user growth, Bibox shows no signs of slowing down. The company’s BIX token will continue to give users discounts on trades moving forward, although those discounts will decline over time. With 180+ crypto pairs listed, Bibox is also one of the best exchanges for trading everything from major cryptocurrencies to obscure coins you’ve never heard of – just don’t expect to encounter strict KYC/AML verification or transparency with Bibox along the way.



Known as the trader’s portal, Binance is modeled on a more detailed and typical legacy exchange. Traders and seasoned investors are often fiercely loyal to the platform, pointing to the depth of intel and intuitive architecture that cater for seasoned traders. That said, newcomers are not lost on the exchange, as the UI is elegantly simple and broadly user-friendly.

When barely a year old, in December 2017 Binance became the world’s largest crypto exchange by volume. The company has since been flying rather than forging ahead, rapidly adding users and upping daily trade volumes.

P2P / Centralized Central
Function Trading
Established 2017
Volume $1 Billion
Pairs 100
Owners Changpeng Zao
Locale Hong Kong
Trust Level 8/10
Support 7/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements NO
Fees 0.10%
Benefits Speed, anonymity
Reputation 9/10

Binance Establishment

Binance was founded in early 2017, and has been in operation for under two years. The company raised 15 million dollars in their ICO with the launch of their native ERC20 token, BNB.

Binance Trading Volumes

Binance is arguably the most prominent cryptocurrency exchange in the world, where daily volumes can reach over $4 billion. The exchange has a market cap of $1,340,914,760.

Number Of Coin Pairs On Binance

The number of coins offered on the exchange keeps increasing, and currently sits at over 100. All the majors like bitcoin and ether are present, and trading pairs are more proactively vetted and offered as pairs than most other exchanges.

Binance also hosts its native token BNB that offers discounted trading and other perks to coin holders.

Who Owns Binance?

The Binance exchange is owned by the current CEO, Changpeng Zao, who also has a working history developing some of the Tokyo stock exchange systems.

It was Changpeng who developed and launched the company’s ICO, raising a modest $15 million in 2017. Unlike innumerable ICOs, Binance was a gem from the start, and has since been vying for top rank among global digital exchanges. As the world’s largest digital exchange by trading volume, Binance accounts for around 25 percent of bitcoin movement.

Binance Operating Location

Binance is based in Hong Kong and registered in Malta, although the company was originally a Japanese business. Concerns over regulatory threats in Japan during 2017 prompted the company to relocate and avoid any heavy-handed sanctions.

Binance’s Features, Benefits & Reputation

The platform’s essential value lies in its emulation of legacy exchanges, also emulating the pace and charting of those traditional exchanges too. Binance is geared for Wall Street-style traders and their volumes, or at least their attitude, and many seasoned investors swear by the site’s intel and trading platform. Binance closely approximates the best of any legacy exchange in terms of presentation and tools, and is thus very attractive to a large segment of serious retail investors.

That said, Binance is not unfriendly for newcomers, and the platform offers a Basic and Advanced exchange version that anyone can choose from when trading. The exchange’s principal offer and function is enabling traders to trade between various digital currencies.

Longer-term investors also employ the site to tweak their portfolios, while daily trading volumes are high. Although other digital exchanges have been modeled to approximate the legacy familiarity, not many have both successfully emulated this and added virtual coin listings with the passion and pace Binance has.

Binance KYC & AML Requirements

Luckily for the enthusiasts who hold cryptocurrencies promise of anonymity as sacrosanct, Binance is an exchange where users can zip in and out without identifying themselves.

The exchange trades on existing users having pre-identified via their wallet registration to elude having to fulfill global AML and KYC requirements. This is also a product of the exchange structure, as it offers no leverage, simply facilitating crypto exchanges for a fee.

With that said, larger withdrawals invite the submission of a snippet or two to identify a user. Most users simply split their holdings and manage their affairs in such a way as to avoid this, however.

Fees typically run around 0.1 percent, but BNB holders score up to a 50 percent discount on their transacting. Withdrawal fees also vary, but are derived of the network and exchange fee. The Binance fee structure is broadly seen as highly competitive, far more purposefully marginal, as are most legacy exchanges who compete on fees.

Binance Fiat Acceptance

Although some commentators point to Binance’s acceptance of Tether (USDT) as evidence that the company allows for fiat trading, this isn’t the case. Fiat currencies and protocols can’t be employed by exchange users. Trades are funded from users’ wallets and although USDT can be called a “half-fiat” or “half-crypto,” because it is a digital coin backed by USD reserves, the reality is that Binance is a crypto-exclusive exchange platform.

Binance Trust Level

Although young, Binance’s meteoric growth and demonstrable transparency has endeared it immensely to loyal users. In just over a year, a strong level of trust prevails towards the exchange, based on posts and reviews. Persistent complaints follow exchanges like bad weather, but besides the usual, there have been moments where the company moved to address user concerns in a way that demonstrated the exchange’s ethos and willingness to manage others’ money with due care.

Binance Customer Experience & Support

Unlike most digital exchanges, Binance support is fair, starting with their support of a host of languages users can employ as their home language when onsite. Although responses typically drag over a day or two, the company’s prevailing stance towards user issues is proactive and to date on a par with legacy fintech service levels, or almost.

Users succumb to phishing attacks regularly, but this is no fault of the exchange, and rather an unfortunate aspect of life in the digital age. User experience remains broadly positive however, and the platform continues to onboard new users.

Binance Security History

Binance has never been hacked, although that is a negligible claim for any company about a year old. With that said, security is a prime focus of the project, as in July 2018 reports of a possible hack surfaced. As it transpired, it appears there was a “possible hack of third-party tools,” specifically related to the Syscoin blockchain. Binance has since reset API keys and the CEO has been vocal on social media, reassuring users that their holdings remain safe with the exchange.

The exchange has never thus officially succumbed to a successful hack. Although not trumpeting security as vocally as many competitors, the company has invested in security protocols, no doubt a hangover of the CEO’s history on legacy exchanges.

Binance Listing Procedures

Binance has adopted a model that allows most coin listings to be mooted and motivated by users themselves. By following an onsite link, users can apply to have their coins listed. The project is also more proactive than that, continuously vetting and adding tokens as it deems appropriate. From an initial offering of some 50 coins, the exchange now offers traders over 100 digital coins for trade.

With a combination of enthusiast sentiment and legacy asset evaluation, Binance has so far maintained the relevance and popularity of the currencies it lists for trade.

Binance Conclusion

Through a combination of domestic trust, great compilation and a fintech-savvy interface, Binance got off to a flying start from the relatively humble capital base of $15 million. Although it doesn’t appear focused on any one particular coin, the platform is indeed focused on a particular aspect of trade and investment, and that is to present the new digital asset class to traders along lines they know well.

Often billed as the only true crypto unicorn, Binance has maintained its popularity in part because it matched the enthusiasm of users with legitimately valuable trading and investing intel, while also offering more dedicated traders sufficient depth for them to make it a home base. The company has far exceeded initial capital investment expectation. Timing and popularity aside, the exchange has presented as a genuinely enabling platform with transparent fees that many wouldn’t consider leaving for any reason.



Bisq, formerly known as Bitsquare, is a decentralized cryptocurrency exchange software program that works much differently from other exchanges. Instead of relying on a centralized matching engine to connect buyers with sellers, Bisq simply gives buyers and sellers a way to interact with each other to facilitate a trade. There’s no registration required: just download the software and start trading. The software supports decentralized trades for fiat currencies and cryptocurrencies. In January 2019, Bitsquare rebranded to Bisq.

Today, Bisq/Bitsquare is prized for features like its lack of identity verification. The software is instantly accessible to those who wish to buy and sell cryptocurrencies without receiving approval from a centralized authority. It’s also one of the leading decentralized trading platforms: you can make a P2P trade with any user running Bisq on his or her own machine with no need for a centralized middleman.

Since Bisq never holds your funds, there’s no need to trust your money to a centralized authority. You retain your own cryptocurrency funds. You’re in charge of your own security. Bisq encourages users to use multisig wallets to facilitate safe, successful trades, although it’s totally up to users how they want to manage their security.

Bisq is also prized for its privacy. No one except trading partners exchange personally identifying data. All personal data is stored locally. No centralized authority verifies or handles your data. As a bonus, all of these features are packaged into trading software that is surprisingly easy to use. Bisq famously claims that users can make their first trade within 10 minutes of downloading the software

P2P / Centralized P2P
Function Trading
Established 2014
Volume Unknown
Pairs 100+
Owners Bisq
Locale Barcelona, Spain
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements No
Fees 0.001% – 0.009%
Benefits Private, decentralized P2P trading with no centralized authority
Reputation 10/10

Bisq Establishment

Bisq was founded in Barcelona, Spain as Bitsquare back in 2014. The goal was to create a P2P cryptocurrency exchange that was not reliant on centralized authorities, intermediaries, or middlemen. The founders of Bitsquare believed that cryptocurrencies needed to function without banks or payment processors. These centralized authorities have the power to censor, confiscate, monitor, and control financial interactions. Bitsquare saw that as counter-intuitive for the crypto movement. Although first founded in 2014, Bitsquare’s beta wasn’t launched until April 2016.

Bitsquare/Bisq was founded by Manfred Karrer. The company is based in Barcelona, Spain.

Bisq Trading Volumes

Bisq is decentralized P2P crypto trading software. Typically, it’s hard to track the trading volume of decentralized crypto trading software. However, Bisq actually publishes complete details of its trading volume online. On Bisq’s “Markets” page, you can view the trading volume of all cryptocurrencies traded via the software, including how that volume has changed over time. Overall, Bisq’s trading volume has gradually grown over time since launching in 2016. However, Bisq is still a very small player compared to other major cryptocurrency providers, with about 250 to 500 BTC traded per week on average. Bisq also publishes trading history for specific cryptocurrencies and fiat currencies, allowing you to see all trades made in recent markets.

Number of Coin Pairs on Bisq

Bisq supports hundreds of different pairs, including most major fiat currencies and cryptocurrencies. Like other decentralized trading software, you’re really only limited by your trading partners: if you can find someone willing to sell Afghan Afghanis (AFN) in exchange for bitcoin (BTC), then you can make that trade using Bisq. You can view a full list of markets online at, although hundreds of popular fiat currencies and cryptocurrencies are supported.

Who Owns Bisq?

Bisq appears to be independently owned. The company was founded by Manfred Karrer in 2014 before launching in 2016. Originally known as Bitsquare, the company rebranded to Bisq in 2019.

Bisq Features, Benefits, & Reputation

Bisq is known for facilitating easy, verification-free cryptocurrency and fiat currency trades. You can download the software and start trading in minutes. There’s no need to verify your information with a centralized authority. There’s no risk of your payment being censored or blocked by a centralized third party. Instead, Bisq makes it easy to buy, sell, and trade cryptocurrencies as long as you can find a trading partner within the Bisq network.

Bisq supports hundreds of cryptocurrencies and fiat currencies, including major fiat currencies like the EUR and USD as well as more obscure fiat currencies – like the national currencies of Albania, Afghanistan, and Bulgaria, among many others. Typically, it’s hard to find centralized exchanges that support these fiat currencies, which is why many users are turning to Bisq for support.

Trading takes place on a global P2P network. You can trade with anyone in the world – as long as that person in running the software. During a trade, the trading partners exchange personally identifying data about one another. Aside from this exchange, however, no data reaches Bisq or other users. Plus, Bisq never holds user funds.

Obviously, there’s a reason centralized trading platforms are popular: users are trading security in exchange for privacy. Centralized trading platforms ensure the customer who sends 10 BTC to someone else will receive $30,000 USD in return. How does Bisq ensure the security of its users during transactions? Well, Bisq uses security deposits and multi-sig trade wallets to ensure safe, successful trades. In other for both parties to start trading, both (the buyer and seller) are required to make a security deposit of 0.1 BTC. This is used as a holding fee or collateral if the deal falls through. Additional transaction fees are added. This is where Bisq gets smart: the funds being traded are sent to a multi-sig wallet that requires three signatures. One signature comes from the buyer, the other signature comes from the seller, and the third signature comes from the a randomly-chosen arbitrator form the Bisq network. It’s not a perfect system, but it works.

Bisq KYC & AML Requirements

Bisq, like most decentralized P2P exchanges, has no KYC or AML verification requirements. Users don’t even need to complete a formal registration process: all you need to do is download the Bisq software. If you want to trade fiat and cryptocurrencies without completing KYC and AML verification, then Bisq allows you to do that.

Bisq Fiat Acceptance

Bisq accepts dozens of fiat currencies through its software. In fact, you would be hard-pressed to find a national currency that isn’t supported by the trading software. Obviously, major fiat currencies like the USD, EUR, and GBP are all supported. However, other supported fiat currencies include the Afghan Afghani (AFN), Maldivian Rufiyaa (MVR), and Liberian Dollar (LRD). With hundreds of fiat currency and cryptocurrency pairs, Bisq is one of the best crypto trading software programs for trading all types of fiat currencies.

Bisq Trust Level

Bisq’s trust level is based on its three-signature multi-sig wallet transfer process. Both the buyer and seller lock funds as a deposit before a transaction. Then, the funds being traded are placed in a multi-sig wallet. The buyer and seller sign two of the three signatures for that wallet. The third and final signature comes from a third-party arbitrator randomly chosen by the Bisq network. Meanwhile, on the software side of things, Bisq’s software is completely open source and available for anyone to verify online. You can view the code on Github to verify it’s all legitimate. The code is regularly reviewed, audited, and discussed by the community.

Bisq Customer Experience & Support

Bisq is not a traditional centralized cryptocurrency exchange. There’s no centralized customer support mechanisms in place. You can’t call a helpline when something goes wrong. However, the Bisq community is easily accessible through Telegram and other social media.

Bisq Security History

Bitsquare/Bisq have had a clean security history. It’s tough to hack a decentralized exchange. Theoretically, hackers could exploit a hole in the software and use that hole to intercept a transaction or infiltrate the network. However, this has not yet happened. There’s always the potential for something to go wrong during the transaction process, although Bisq has security mechanisms in place to protect users during this process.

Bisq Listing Procedures

Bisq has hundreds of cryptocurrencies and fiat currencies listed on the software. You’re only limited by the number of trading partners you can find. If you can find a trading partner for an obscure fiat currency or cryptocurrency, then you can make the trade using Bisq. It’s unclear what type of listing process Bisq has, although virtually every notable fiat and cryptocurrency is currently listed on the software.

Bisq Conclusion

Bitsquare is one of the world’s most popular decentralized cryptocurrency exchanges. Originally launched as Bitsquare in 2016, the software rebranded to Bisq in 2017. Today, Bisq handles relatively little trading volume compared to centralized trading giants. However, trading volume has gradually grown since 2016. Users flock to Bisq for its censorship-free trading environment, verification-free trading systems, and other benefits.

The main benefit of Bisq is being able to make a trade away from centralized banks, intermediaries, government authorities, and other institutions. You can complete trades on a P2P basis: as long as you can find a trading partner, you can complete a trade for virtually any cryptocurrency or fiat currency using the Bisq platform. Getting setup with Bisq is also famously easily: you can download the software and start trading in as little as ten minutes. For easy, decentralized P2P crypto and fiat currency trading, it’s hard to beat Bisq.



Bitbay is one of the largest cryptocurrency exchanges in Europe. Popular among Polish crypto users, Bitbay has made a name for itself by offering a simple interface, convenient support, and easy money transfers using the European banking system. With approximately $4 million of trading volume per 24 hour trading period in January 2019, Bitbay is among the top 85 cryptocurrency exchanges in the world by market cap. Keep reading to discover everything you need to know about this Poland-based cryptocurrency exchange.

P2P / Centralized Centralized
Function Trading
Established 2014
Volume $4 Million
Pairs 70+
Owners Pinewood Holdings Limited
Locale Poland / Malta
Fiat Yes
Trust Level 9/10
Support 9/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.1% – 0.3%
Benefits Easy trading for European crypto users
Reputation 9/10

Bitbay Establishment

Bitbay was founded in 2014 in Katowice, Poland. Today, the company continues to be one of the more popular cryptocurrency exchanges serving European customers. The exchange is particularly popular among Polish crypto users. The vast majority of Bitbay trading activity is in the BTC/PLN pair, allowing Polish users to trade Zloty for bitcoin. The company is run by CEO Sylwester Suszek. Prior to launching Bitbay, Suszek worked in the financial industry and co-created two large companies in that sector. He has served as CEO since the company launched in 2014. The second version of the Bitbay platform was launched in 2015, expanding the UI and making it easier for users to access. The team more than doubled from 14 to 31 employees, and Bitbay added new cryptocurrencies. They also opened a second office in Amsterdam. In 2016, Bitbay introduced Bitbay 3.0, expanded its team to 70 people, and launched new products like BitcoinCantor and bitcoin payments. This version of the platform was launched in September 2017. It’s the version you see today when you visit Bitbay online. Over the years, Bitbay has won a number of awards. They won the Best Cryptocurrency Exchange 2017 at the Cryptocurrency world Expo, for example, and the Polish Innovation Award in 2017 from the Polish Congress of Entrepreneurship. They also won the Best Cryptocurrency Exchange award at the Berlin Summit 2018.

Bitbay Trading Volumes

Bitbay lists over 70 cryptocurrency and fiat currency pairs on its website. The most popular pairs on the site tend to be the PLN-denominated pairs. At the time of writing, 94% of trading activity on Bitbay was in the BTC/PLN pair, allowing users to trade Polish Zloty (PLN) for bitcoin. Other popular pairs on the website include LTC/PLN, ETH/PLN, LSK/PLN, and XRP/PLN. Overall, Bitbay’s trading volume is largely focused on pairs involving the Polish Zloty.

Number of Coin Pairs on Bitbay

Bitbay has over 70 coin pairs listed. The exchange features most major cryptocurrencies. It also features several different fiat currencies, including PLN, EUR, and USD. BTC, LTC, ETH, LSK, XRP, BCH, TRX, LML, GAME, FTO, XIN, and FTO are all listed on the website along with dozens of other cryptocurrency pairs.

Who Owns Bitbay?

Bitbay is based in Katowice, Poland with a secondary office in Amsterdam. Bitbay’s parent company, however, is called Pinewood Holdings Limited. That company is registered to an office at 35 Strait Street in Valletta, Malta under the company registry number C 86244. Meanwhile, Bitbay lists “co-administrators” in Katowice like taXsaprent Sp. Z o.o., which is listed under the Polish National Court Register as KRS number 0000720989.

Bitbay Features, Benefits, & Reputation

One of the best benefits of Bitbay is that Polish users can easily swap their Polish Zloty for popular cryptocurrencies. Most of the popular trading pairs on Bitbay involve a major cryptocurrency and the Polish Zloty (PLN). Polish users can deposit money into the platform using most popular banking transfer systems. Then, they can sell their PLN for crypto instantly. Additionally, Bitbay features EUR and USD pairs.

In terms of fees, Bitbay is competitive with other crypto exchanges. Most trades have fees ranging from 0.1% to 0.3%. One of the unique things about Bitbay is that makers aren’t charged a fee in many markets: some of the lower-volume markets on Bitbay have 0% taker fees to encourage users to post trades. Meanwhile, standard trades will have a maker fee of 0.30% and a taker fee of 0.43% for traders with less than 1,250 EUR of trading volume in a 30 day period. For traders moving more than 875,000 EUR in a 30 day period, a maker fee of 0.17% and a taker fee of 0.25% will be charged. Wire bank transfers are not charged, although Bitbay does charge to withdraw. All fees are clearly listed on the official Bitbay website.

Overall, Bitbay has a strong reputation as a legitimate, trustworthy bitcoin exchange. The company has built a name for offering high-quality bitcoin trading services to customers in Poland and around the world. Bitbay has never experienced a major security hack. The exchange appears to comply with all appropriate laws in Malta and Poland. Furthermore, Bitbay also sponsors various initiatives across Poland and Europe. They participate in various crypto events, for example, and have launched various educational and legal initiatives. They even support orphanages and the Great Orchestra of Christmas Charity in Poland.

Bitbay KYC & AML Requirements

Bitbay has strict KYC and AML regulations. All users must have their government-issued photo identification verified before they can make trades on Bitbay.

Bitbay Fiat Acceptance

Bitbay handles three fiat currencies, including PLN, USD, and EUR. You can deposit all three fiat currencies into the exchange. All three fiat currencies also have pairs available on the market, although there’s a particular strong volume of PLN trading pairs. In terms of fiat currency fees, there are no fees for wire bank transfers involving EUR, USD, or PLN. You’ll pay a fee of 2% of the deposit if depositing via Poczta Polska / PLN Express 24/7. Withdrawal fees for fiat currencies are generally cheap. Bitbay charges 4 PLN for a wire bank transfer withdrawal, for example, and 4 EUR for a SEPA bank transfer withdrawal. USD withdrawals via SWIFT are charged 0.25%.

Bitbay Trust Level

Bitbay is one of the more trusted and transparent cryptocurrency exchanges available to Polish and European cryptocurrency users. We have little reason not to trust Bitbay. The company has been open about its contact information, company registration information, executive staff, and more. While other cryptocurrency exchanges obfuscate this information, Bitbay appears to be totally transparent.

Bitbay Customer Experience & Support

Bitbay has strong customer service and support. The company allows users to view questions via the online Help Center, where you’ll find a selection of frequently asked questions. Bitbay also has a helpline available from 8am to 8pm every day. You can get in touch with customer service by phone at +44 870 820 0322. Customer service is also available 24/7 via email.

Bitbay Security History

Bitbay has never suffered a major, publicly-disclosed hack or security breach. As with any exchange, you can find scattered reports of users losing money during a transfer or experiencing other problems. However, as far as we can tell, Bitbay has never lost a significant amount of customer funds due to a security breach. Bitbay appears to have strong security.

Bitbay Listing Procedures

Bitbay lists more than 70 cryptocurrency and fiat currency pairs on its website. The exchange routinely adds and removes cryptocurrency pairs from its website. It’s unclear what listing requirements the exchange has – if any. However, most of the popular pairs on the platform involve major cryptocurrencies denominated by the Polish Zloty (PLN).

Bitbay Conclusion

Bitbay is one of Europe’s most trusted and regulated exchanges. Based in Poland and Malta, the exchange is transparent about its fee structure and other aspects of the organization. They have also demonstrated a commitment to the crypto industry that extends beyond simply running a crypto exchange. They sponsor educational initiatives, for example, and have petitioned for legal changes while complying with all existing regulations. The only real downside of Bitbay is that the fees tend to be slightly higher than other websites: low-volume traders can pay fees ranging from 0.35% to 0.50%. If you’re a Polish cryptocurrency trader interested in accessing PLN-denominated crypto pairs, then Bitbay is one of your best options today.



The Hong Kong-based Bitfinex exchange has since inception moved up in rank to now occupy a top position among digital exchanges. The trading platform has launched its own stablecoin, Tether, and also refined its offer to a point where it generates loyalties among over the counter traders and seasoned retail investors and traders alike.

In spite of being a very polished and sleek exchange with great presentation and onsite trading tools, the exchange has unfortunately suffered at least two hacks in its six year history. To the company’s credit, it immediately undertook to refund and subsequently resolved issues, but the stigma remains to this day. While it might not be gross negligence on the part of the project team, nonetheless the fact remains that it is a money exchange that was compromised. And not once, but twice. Thus, in spite of being arguably one of the best digital exchanges around, adoption would be greater if it weren’t for users’ security concerns, which remain a topic to this day.

Bitfinex is an undeniably popular and extremely professional offer, however. Although pitches for US users have been attempted and shelved in the past, the company is looking to global markets in order to grow their user base.

P2P / Centralized Central
Function Trading
Established 2012
Volume $430 Million
Pairs 72
Owners Raphael Nicolle
Locale Hong Kong
Fiat Yes
Trust Level 5/10
Support 4/10
Security History 50%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees Variable
Benefits Fiat, diversity
Reputation 7/10

Bitfinex Establishment

Bitfinex is based in Hong Kong and was founded by Raphael Nicolle in 2012. Along with Binance, Coinbase and other big names in the digital exchange arena, the platform has appealed to a large percentage of emerging digital asset traders from the start.

Bitfinex Trading Volumes

The Bitfinex exchange reports around $2 billion in daily trading. High trading volumes derive from a relatively large coin offering and comparatively low fees. The exchange has a market cap of $553,386,857.

Number Of Coin Pairs On Bitfinex

There are around 72 currency pairs offered on the Bitfinex platform. The exchange has a strong OTC desk servicing institutional players too. Base currencies are USD, EUR, ETH and BTC. The Bitfinex offering includes around 30+ cryptocurrencies, although the model allows for constant appraisal and potential addition of new coins.

The exchange attracts many looking to buy IOTA (MIOTA) as it is one of the few marketplaces that make it easy to do so. The contentious Tether stablecoin is the native token and a pegged currency, one to the dollar. Bitfinex’s employment of the coin, however, has led to allegations of artificial inflation or other manipulation of particularly BTC prices.

Who Owns Bitfinex?

Although founded by Raphael Nicolle in 2012, the exchange is owned and managed by iFinex. Along with company CEO Jan Ludovicus van der Velde often being given as the CEO of Bitfinex, and Finex, so too is he also often featured as the Tether CEO.

Bitfinex Operating Location

The Bitfinex exchange is headquartered in Hong Kong.

Bitfinex’s Features, Benefits, & Reputation

The exchange has a reputation as the preferred destination of relatively experienced traders, who gravitate towards the platform for its advanced composition. Users can indulge a high level of tweaking when employing platform tools, and this ability to customize experience is a major benefit of the exchange for many. The principal function of the exchange is to allow both crypto and fiat users to buy into a broad range of digital coins, and here both newcomers and experienced traders are welcome.

Advanced charting tools appeal to seasoned investors, while the site is also a platform where newcomers aren’t lost either. There is a mobile app for users on the go, and the combination of advanced trading tools with an intuitive interface has made the exchange popular among dedicated traders.

The platform affords users the chance to margin trade with up to 3.3x leverage via P2P lending, while traders also have access to a host of varying order types. Another major plus for traders is high liquidity and daily activity on the platform. The exchange tallies some six percent of all daily crypto trades . The high liquidity is an essential aspect, even on legacy exchanges, that makes active investors confident to participate. Past security failures aside, the exchange enjoys a good reputation for its intrinsic value and professional rendering.

Bitfinex KYC & AML Requirements

The Bitfinex exchange actually posts a modest disclaimer onsite, saying that the offer is geared towards more professional investors and traders, and that the platform terms and conditions and waiting period have to be adhered to by all new account holders.

There is a minimum account holding stipulation of $10,000 and any new account won’t be allowed to trade until the minimum balance is reached. Fiat users will likely wait between six and eight weeks for verification and approval, as comprehensive KYC and AML regulation takes place on the exchange.

Bitfinex Fiat Acceptance

Users can simply select the fiat options available onsite and fund an account. Much like Coinbase, Bitfinex does enable fiat users to gain access to the crypto marketplace, something else that makes it attractive to a diverse array of traders.

Bitfinex Trust Level

What can one say of a financial exchange that has been hacked twice, the last time costing some $72 million? Users seem largely unaffected by the history, however, and point to the nature of the company’s response as the real motivator of their trust. While Finex, Bitfinex and Tether are an often criticized and somewhat incestuous gray area, the exchange, for its part, went to all lengths to reimburse users and make good.

Although it was a direct hit on the exchange’s security in 2016 – something fundamentally unacceptable and something that has bankrupted other exchanges – the company’s willingness to address losses transparently and at no cost to users has generated enormous goodwill.

Overall, Bitfinex’s past is starting to fall away, and popular opinion on almost all topics except support is positive. The exchange is seen as a very professional and dynamic marketplace. The Tether manipulation allegations haunt the project team, and although transparent post-hack, the company also strangely enjoys a reputation as secretive, and worrisome because of it.

Bitfinex Customer Experience & Support

Customer support on Bitfinex is in the mid to low echelons, and unfortunately this exchange perpetuates the reputation for atrocious service digital exchanges have earned. Onsite information is better than average, although true support of people and their money issues can take days or weeks.

Bitfinex Security History

The Bitfinex platform’s security is a prime focus of the team, having been badly stung in the past. It will probably take years before users fully forget such a lapse. As most users do, the exchange now splits between a hot wallet and cold vault, and other standard security features prevail on the site too.

DDoS protection is enabled to ensure the fluidity of traders’ experience, and advanced verification protocols monitor activity closely. Bitfinex is one of the oldest digital exchange, something that also reassures users, but it remains to be seen whether the company has a trouble-free run well into the future.

Bitfinex Listing Procedures

The exchange constantly evaluates digital coins for listing and, unlike other models, listed coins are determined by management, based on market metrics. Some observers ponder whether the Tether coin influences listings, but loyal users are gratified with the offering’s extent and the pace of new additions.

Bitfinex Conclusion

Bitfinex is a sleek, professional digital exchange, with many years under its belt. Being on one hand an unfortunate member of the hacked club, many loyal to the platform insist those are the kind of hard knocks a company needs to step up to watertight security. An exchange for true digital asset traders, USD liquidity is always high on the platform and trading options are diverse.

Transparency issues remain a problem worth noting. The exchange’s exact relationship with the Tether coin needs clarity. Newcomers to the exchange would do best keeping minimal funds in trade and cold vaulting the majority offline. With the continued patronage of intermediate and more advanced traders, alongside institutional favor, the exchange has a bright future. Assuming, of course, that there are absolutely no breaches of any kind going forward.



The bitFlyer exchange has found a solid welcome among investors since its inception as a detailed traders’ site and also a portal for fiat to BTC exchange.

Newcomers may be confused however, as there appear to be at least two bitFlyer sites, if not more. The exchange has a platform exclusively for Japanese users, as well as one servicing US and European users.

On the exchange’s Bitcoin Market, all transactions are supported by bitFlyer, and transactions happen based on bitFlyer’s listed price. Users on the Bitcoin Exchange and bitFlyer Lightning platforms transact against other users, and prices are pegged by users, based on available supply and demand. Limit orders can be placed at bitFlyer Lightning and Bitcoin Exchange.

The platform can appear deceptively simple and follows a different build to many other exchanges. That said, it’s a case of Windows versus Linux, as the site is intuitive and easily navigated by experienced traders and newcomers alike. It is the biggest Japanese and one of the biggest global bitcoin exchanges, offering a very limited range of digital coins, being essentially focused on BTC/USD and BTC/JPY transactions.

P2P / Centralized Central
Function Trading, buy BTC
Established 2014
Volume $58 Million
Pairs 3
Owners Yuzo Kano
Locale Japan
Fiat Yes
Trust Level 9/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees Variable
Benefits Fiat
Reputation 9/10

bitFlyer Establishment

The bitFlyer exchange was established in 2014 and has avoided the fate of some of its peers at the time, like Mt. Gox and Coincheck. The company has a partner in the Sumimoto Mitsui Banking Corporation, something that gives them huge legitimacy in Japan.

bitFlyer Trading Volumes

The bitFlyer platform has always been a busy exchange, and monthly volumes sit around $50 billion. The patronage experienced by the exchange is not limited to Japan though, and European and American extensions have been met with the same enthusiasm.

With billions having changed hands between USD, JPY and BTC on the platform since its launch, the bitFlyer exchange has a market cap of $63,442,609.

Number Of Coin Pairs On bitFlyer

There are essentially three coin pairs only on the bitFlyer parent exchange, namely BTC/JPY, ETH/JPY and BCH/BTC. These pairs form the base offer of the platform, although this is tweaked to accommodate USD on the global platform. From an initial straight JPY/BTC exchange, trading options have increased slightly, yet bitFlyer remains an exchange focused on a tailored, competitive but very limited offering. It is not a site where users are exposed to myriad altcoins to trade or invest in.

Many users employ the site specifically to glean a more competitive rate when buying bitcoin, while many more still employ the platform to monitor their BTC holdings and trade currencies for gains from market movements.

Who Owns bitFlyer?

The bitFlyer founder and current CEO is Yuzo Kano. Kano came from a previous career working on settlement systems for Goldman Sachs. The Chief Technical Officer is Takafumi Komiyama.

bitFlyer’s Features, Benefits, & Reputation

The bitFlyer exchange almost seems a product of a previous, uncluttered era, when Bitcoin dominated in such an exclusive manner during 2017. Its principal function is to allow legacy traders and investors to purchase bitcoin with fiat. A detailed site that suits seasoned traders and new users alike, the platform also offers margin and futures trading.

The sophisticated trading tools on offer are capably supported by extensive onsite intel that traders have noted as intuitive and comprehensive. Another aspect of the bitFlyer exchange is its high-profile response to regulation and security, consistently making the right noises and willingly complying with legislators in its home country.

This company approach has contributed to public trust in the exchange. The platform’s reputation as a savvy and sleek marketplace has also largely been responsible for its great reception abroad.

On the bitFlyer exchange, now-standard protocols like multisig security are a given, and in a country almost synonymous with digital exchange collapses, the platform has benefited from a transparently intense focus on user security. Leverage of up to 15x appeals to margin traders, while the competitive fee structure appeals to all users.

There is a bitcoin withdrawal fee of just 0.0004 BTC, and USD wire withdrawals cost $10. Token to token trades attract a fee of 0.20 percent, and fiat to crypto transactions come in around 0.01 to 0.15 percent.

bitFlyer KYC & AML Requirements

There are a number of registration options on bitFlyer. A user’s daily transfer limit is determined by their account class. Regardless of whether USD or crypto is employed, a Trade Lite account holder can deposit and withdraw a maximum of $2,000 a day. Users registering a Trade Lite account will need to supply a name and phone number, date of birth and a home address.

Becoming a normal Trade account holder from this initial registration requires users to submit an ID copy. The limits increase dramatically, as Trade account holders can move up to $50,000 deposit and withdrawal a day, without any maximum single transaction limits in play. There is also a further step users can take, filling out a more detailed questionnaire. This affords them Pro account status, and all limits are removed from trading in this echelon.

bitFlyer Fiat Acceptance

The bitFlyer exchange set up legacy payment protocols from the outset in order to allow for fiat entrance to the markets. Both USD and EUR are accepted fiat on the exchange.

bitFlyer Trust Level

User trust in the bitFlyer exchange is about as high as exchange trust can be, with the company having avoided any mishaps and security breaches over the years. Apart from fundamental security, bitFlyer has also maintained the rather strict protocols of Japanese business, resulting in the company presenting as a transparent, professional and highly trustworthy entity. Elsewhere, the platform has carried its reputation forward and both American and European users express similar satisfaction levels as domestic users in Japan.

bitFlyer Customer Experience & Support

One of bitFlyer’s major advantages is a decent support level. Possibly due to the owner’s time spent at a Wall Street entity, support on the bitFlyer exchange is in the upper echelons for digital exchanges.

There are remarkably few immediate user complaints visible on line, although the exchange suffers the same complaints as any virtual currency exchange, mostly due to users succumbing to phishing attacks while funding accounts, something no exchange can control.

Overall, support is good, and random sampling of support as noted in online reviews gives a rare glimpse of a digital exchange with legacy support levels – a true rarity in the cryptosphere.

bitFlyer Security History

The bitFlyer exchange has never succumbed to a successful hack. While peers Mt. Gox and Coincheck were involved in closing down and refunding millions respectively, bitFlyer managed to elude any weakness in its fundamental build, and the platform remains sound to this day.

bitFlyer Listing Procedures

With a very limited coin offering, the company determines which digital currencies to list and is highly focused on bitcoin, with ether and bitcoin cash lesser considerations on this exchange.

bitFlyer Conclusion

The bitFlyer exchange has the joy of being seen as an experienced trader’s site and also a logical choice for newcomers. Largely due to an intelligent and comprehensive build alongside almost polite business ethics and airtight security, the platform has built up a loyal following of well over two million users since inception.

No longer a Japanese-only entity, the bitFlyer ethos is seeing the company expand across the globe. Recent notes handed to the exchange by Japanese regulators have been dealt with in typical bitFlyer fashion.

The exchange has temporarily suspended new account registration, noting it on the home page, exhibiting the cautious, transparent and tech-savvy build that has made it the default exchange for millions of enthusiast all over the world.



Bitlish is a bitcoin exchange launched in April 2015. Today, the exchange offers desktop-based trading as well as mobile apps for Android and iOS. Users pay competitive fees (0% maker and 0.2% taker) while trading top pairs like XRP/BTC, BTC/USD, and ETH/USD. As of January 2019, Bitlish is handling approximately $30 million of trading volume every 24 hours, putting in the top 50 or 60 cryptocurrency exchanges by transaction volume. Overall, Bitlish emphasises low fees, strong security, and minimal user verification.

P2P / Centralized Centralized
Function Bitcoin Trading
Established 2015
Volume $30 Million
Pairs 30+
Owners Bitlish Limited
Locale London, UK
Fiat Yes
Trust Level 8/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes (for some users)
Fees 0.2% to 0.3%
Benefits Trade bitcoin for USD and EUR online
Reputation 9/10

Bitlish Establishment

Bitlish was founded in April 2015 with the goal of providing easy, affordable bitcoin trading to users around the world. Today, the London, UK-based company continues to offer secure and convenient bitcoin trading for registered users. Bitlish also tries to cater to institutional clients, although corporate clients pay a relatively high transaction fee of 0.5% on trades. Bitlish Limited is based at 161-165 Farringdon Road in London, UK. No information about the founding team, management team, or Bitlish executives is posted online at, although you can find this information elsewhere.

The company’s registration number as a registered company in England and Wales is 9564930. You can view the registration page for Bitlish Limited here. The company appears to be in good standing. It has published statements of capital and released other notifications over the years of being in business. Listed members of the Bitlish team include Jekaterina Jaskova (Secretary), Kirill Beutler (Director), Christine Drabble (Director), Cossar Sohail (Director), and Andreas Andreou (Director). The team includes British, Cypriot, and Swiss nationals.

Bitlish Trading Volumes

As of February 2019, Bitlish has about $25 to $30 million of trading volume every 24 hours. The exchange sits in the top 50 to 60 exchanges by transaction volume. Bitlish has particularly strong volume in its top 6 pairs, including the XRP/BTC, BTC/USD, ETH/USD, XRP/EUR, ETH/BTC, and BCH/BTC pairs. Overall, the exchange focuses on maintaining strong liquidity in major fiat and cryptocurrency pairs instead of listing hundreds of low-volume coins.

Number of Coin Pairs on Bitlish

Bitlish currently lists 31 coin pairs on its exchange. The most popular pairs include major cryptocurrencies like BTC, XRP, ETH, BCH, XMR, and LTC denominated by major fiat currencies like USD, EUR, and RUB. You can deposit all three fiat currencies (USD, EUR, and RUB) directly into the Bitlish exchange. The most liquid pairs on Bitlish include XRP/BTC, BTC/USD, ETH/USD, XRP/EUR, BCH/BTC, ETH/BTC, and BCH/EUR. Other cryptocurrencies available for trading on Bitlish include Zcash (ZEC), HBZ Coin (HBZ), Bitcoin Gold (BTG), and NEM (XEM).

Who Owns Bitlish?

Bitlish appears to be a privately-owned exchange based in London, UK. The company is registered under the name Bitlish Limited. However, no information about the owners, investors, or other information is listed on the official website. We know the names of several individuals involved with the company according to the company registration page, although it’s unclear which of these individuals – if any – actually own the company.

Bitlish Features, Benefits, & Reputation

One of the advantages of Bitlish is that you can start trading without completing KYC or AML verification. The only restriction is that you’re limited to 100 BTC of withdrawals per month on an unverified account. Additionally, unverified users will pay a slightly higher trading fee (0.3% compared to 0.2%) than verified users.

In terms of fees, Bitlish is competitive with other cryptocurrency exchanges. Most trades come with fees of 0.2%, although corporate users pay a fee of 0.5% (with the option of paying a lower fee based on volume). Like other exchanges, Bitlish charges fees for deposits, bank transfers, and more. You’ll pay a fee of 0.5% + 10 EUR when depositing EUR into the exchange, for example, and another fee of 50 EUR to withdraw your money. Credit card payments have a fee of 3.45% for deposits and 1.49% for withdrawals. All fees are transparently listed on the Bitlish website, making it easy to compare fees with the fees charged by other exchanges.

Other notable features with Bitlish include its mobile apps for iOS and Android. The mobile apps allow you to access your Bitlish account on-the-go. It doesn’t technically allow you to access the Bitlish crypto exchange. However, you can deposit money and buy crypto directly from within the app. If you choose to buy crypto in this method, you’re buying directly from Bitlish (you’re not buying from the open market via a P2P trade).

Bitlish KYC & AML Requirements

Bitlish has multiple levels of verification. However, the exchange has surprisingly lax KYC/AML requirements for many users. It appears you can withdraw up to 100 BTC per month without completing KYC and AML verification. However, many functions – including bank transfers – will require KYC and AML verification before you begin. Unverified users can, however, deposit money into the exchange via other methods and then start trading. Unverified users will pay a fee of 0.3% compared to 0.2% when trading. You can reduce your fee by completing the KYC verification process, which can be done by uploading your government ID and photo to the website.

Bitlish Fiat Acceptance

Bitlish accepts three major fiat currencies, including EUR, USD, and RUB. You can deposit and withdraw all three fiat currencies into the website. You can deposit using all major European bank transfer methods, including bank transfer, credit card, Neteller, and Skrill. Bitlish also accepts deposits and withdrawals in many major cryptocurrencies, including BTC, BCH, BTG, DASH, DOGE, ETH, LTC, XRP, and more.

Bitlish Trust Level

Bitlish is a registered cryptocurrency exchange based in the United Kingdom. The exchange isn’t overly transparent or forthcoming about its personal details. Generally, however, this information can be found online, and it’s easy to verify various information about Bitlish. Bitlish has also successfully listed two apps on the iOS and Android app stores – something that not all cryptocurrency companies are able to do.

Bitlish Customer Experience & Support

Bitlish offers customer support online via email form. Generally, reviews online seem happy with the customer service provided by Bitlish. Aside from the odd complaint – which you can find with any exchange – most users seem pretty happy with Bitlish’s customer support.

Bitlish Security History

Bitlish has not suffered any major hacks or security breaches since launch. Bitlish also offers extensive security features like two factor authentication, allowing you to lock down your account and protect your funds. Bitlish also offers a mobile app where you can store your crypto. The mobile apps for iOS and Android have never been compromised – which is something that has occurred for other crypto wallet apps. Overall, Bitlish doesn’t have the best transparency or regulation among cryptocurrency exchanges, but it appears to offer strong levels of security.

Bitlish Listing Procedures

Bitlish doesn’t seem to have any special listing procedures, policies, or requirements. However, the exchange focuses on three fiat currencies (USD, EUR, and RUB) and mainly emphasizes major cryptocurrencies (BTC, XRP, ETH, BCH, etc.). There are few “obscure” tokens listed on the platform. Overall, Bitlish’s listing procedures seem to emphasize high-volume cryptocurrencies and major national fiat currencies.

Bitlish Conclusion

Bitlish offers desktop and mobile trading through an easy-to-use interface. Based in London, the exchange has grown into one of the largest on the internet today. Bitlish allows you to easily deposit three fiat currencies (EUR, USD, and RUB) into the platform and trade with multiple major cryptocurrencies through several high-volume trading pairs. One of the advantages of Bitlish is that users can access the platform and withdraw bitcoin without completing KYC/AML verification. To learn more about Bitlish and how it works, visit online today at



BitMax, found online at, is a cryptocurrency exchange that offers both retail trading and OTC trading. The exchange aims to offer high levels of performance, transparency, and liquidity in order to cater to clients around the world. BitMax has received investments from some of the biggest names in the crypto space, including FBG Capital, Bitmain, and others. BitUniverse, BTC Mage, and DPRating are all listed as partners on the official website. BitMax is not to be confused with, which is a non-crypto services provider. It’s also different from, which is a Switzerland-based bitcoin exchange. For this review, we’re talking specifically about As of February 2019, BitMax is one of the largest exchanges in the world, accounting for over $130 million in trading volume every 24 hours. BitMax also has its own native token called BTMX that comes with a unique mining system.

P2P / Centralized Centralized
Function Bitcoin Trading
Established 2016
Volume $11 Million
Pairs 1
Owners BMXDM Technology Pte. Ltd.
Locale Singapore
Fiat No
Trust Level 5/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.04%
Benefits Easy crypto trading with cheap trading fees
Reputation 9/10

BitMax Establishment

BitMax lists little information about its history, founding team, or executive team online. When BitMax launched in 2016, the whitepaper described the management team as a group of “Wall Street executives, professionals and technologists with profound knowledge of the market structure and regulation.” We also know that the company is headquartered in Singapore, where it’s registered under the name BMXDM Technology Pte. Ltd. Aside from that vague information, we know very little about who’s behind BitMax. However, we do know the exchange has partnered with BitUniverse, BTC Mage, and DPRating. It also claims to have received investments from some of the biggest investors in the crypto space. For an exchange that prides itself on transparency, there’s limited transparency about the team behind BitMax.

BitMax Trading Volumes

As of February 2019, BitMax has approximately $130 million of trading volume every 24 hour period, making it one of the top exchanges in the world today. However, the actual trading volume (non-leveraged) on BitMax is as low as $11.4 million, which would place it in the top 80 cryptocurrency exchanges by trading volume. The vast majority of trading volume is concentrated in the top pairs, with the USD Coin / USD Tether pair currently accounting for the largest share of trading volume.

Number of Coin Pairs on BitMax

BitMax supports over 50 different coin pairs, including most top cryptocurrencies. BitMax also uses Tether (USDT) for many of its trading pairs, allowing you to trade your crypto for a digital token that tracks the US Dollar. One of BitMax’s most popular pairs is its USD Coin and USD Tether pair, which lets you swap two popular stablecoins for one another.

Who Owns BitMax?

BitMax seems to be a privately-owned company based in Singapore. The company is registered under the name BMXDM Technology Pte. Ltd. Investors are partners are listed on the official BitMax website, although it’s unclear how much ownership they have of the company. We also don’t know the names of the executives, founders, or owners of BitMax.

BitMax Features, Benefits, & Reputation

BitMax is known for offering fast and easy access to the world of crypto with high-liquidity trading pairs. The exchange emphasizes transparency, security, performance, and liquidity. They also have customer service available 24 hours a day, 7 days a week, making it easy to contact someone for any exchange-related problems.

BitMax is also known for its BTMX token, which is a native, cryptographically-secured utility token offered as an ERC-20 token on the Ethereum blockchain. You can earn BTMX tokens through “transaction mining”. Essentially, you receive BTMX tokens based on your transaction volume. Once you have BTMX tokens, you can swap them for USD or BTC directly on BitMax. We’ve seen other exchanges use this strategy when giving out native tokens. It’s not technically a token sale because the tokens aren’t being sold directly for cash. However, you indirectly pay for the tokens via a cut of your transaction fees. Although BitMax claims BTMX tokens represent no share or stake in the exchange, the value of the BTMX token appears to increase with the value of the BitMax platform. You can use the tokens to pay for transaction fees on the exchange.

In terms of fees, BitMax does not charge anything to deposit money into the platform. You will pay a small fee to withdraw (0.0005 BTC, for example). Trading fees are very competitive as well: you’ll pay 0.04% on most trading pairs on the BitMax platform.

BitMax KYC & AML Requirements

BitMax requires users to complete KYC verification before making trades on the platform. Additionally, the exchange does not allow users from certain countries, including the United States. To verify your trading status on the platform, you will need to upload a photo of your face along with government-issued photo ID. Once your ID is confirmed, you can begin making trades on the platform. As with other exchanges, there are multiple levels of verification, and you do not need to provide a photo or ID with Level 1 verification on BitMax.

BitMax Fiat Acceptance

BitMax technically only accepts deposits in BTC. However, once your BTC is on the BitMax platform, you can swap your BTC for USD-based stablecoins, including the USD Tether and USD Coin. The two stablecoins are available for trading as a pair on the platform. You can also trade the stablecoins directly for other cryptocurrencies.

BitMax Trust Level

BitMax claims to be a transparent exchange. However, there’s limited information online about BitMax and how it works. We know little about the team behind BitMax and their background. Even the whitepaper features minimal information about the company. We know that BitMax is based in Singapore and has attracted major investors and partners. However, we don’t know much else about the company.

BitMax Customer Experience & Support

Not all exchanges have customer service available 24 hours a day, 7 days a week. BitMax is one exchange that does. The exchange allows you to contact the customer support team any time of the day or night via email or online form. Overall, customer reviews online seem to have a positive view of BitMax’s customer support.

BitMax Security History

BitMax has not suffered any major security incident or breach since being founded in 2016. As far as the public knows, BitMax has a clean security history. The exchange has never lost customer funds to a hacking attack, nor has the exchange lost customer information. Based on everything we can find online, BitMax maintains strong security standards with customer funds and information.

BitMax Listing Procedures

BitMax doesn’t disclose its listing procedures or listing policies. However, the exchange appears to have a relatively open listing policy. Today, BitMax has over 50 pairs listed on the exchange, including major fiat currencies and cryptocurrencies. BitMax periodically adds new pairs to its exchange.

BitMax Conclusion

BitMax is one of the world’s largest cryptocurrency exchanges by stated trading volume, although it’s outside the top 50 cryptocurrency exchanges in real trading volume. Nevertheless, the Singapore-based exchange maintains strong liquidity across many of its pairs. BitMax is known for its competitive fee structure, where traders pay fees of just 0.04% on all trades. However, all trades take place using digital tokens – not fiat currencies. BitMax doesn’t handle fiat currency whatsoever, although the exchange does support two USD stablecoins (USD Coin and USD Tether). Ultimately, if you don’t mind the lack of transparency, then BitMax offers a strong trading experience and effective customer service.



BitMEX is one of the world’s most popular – and most controversial – bitcoin exchanges. The exchange is famous for offering margin trading and leveraged bitcoin trading, allowing users to trade with up to 100x leverage. Describing itself as “bitcoin’s most advanced trading platform”, BitMEX also does not require users to complete KYC or AML verification prior to trading. The Seychelles-incorporated company allows users to trade through desktop and mobile apps from multiple countries. Although BitMEX does not officially allow users from the United States, the exchange remains one of the most popular non-KYC exchanges for users around the world.

Today, BitMEX offers speculative bitcoin perpetual trading with up to 100x leverage, no expiry, and low fees. Other contract types include Ethereum and Ethereum Classic futures contracts with up to 50x leverage. One of the key promises made by the BitMEX team is that users can participate in market rallies and declines “for only a fraction of the coin price, with no margin calls / liquidation price.”

If you want to enjoy crypto margin trading, then BitMEX is one of the biggest and most popular options available today. It’s one of the world’s highest-volume crypto exchanges. With that in mind, let’s take a closer look at how BitMEX works, what makes it special, and how you can get started trading on the platform.

P2P / Centralized Central
Function Trading
Established 2014
Volume $904 USD Million
Pairs 3
Owners HDR Global Trading Limited
Locale Hong Kong
Fiat Yes
Trust Level 5/10
Support 7/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements No
Fees 0.075% to 15%
Benefits 100x leverage trading on bitcoin futures
Reputation 5/10

BitMEX Establishment

BitMEX was founded in 2014 by Arthur Hayes (Co-Founder and CEO), Ben Delo (Co-Founder and CSO), and Samuel Reed (Co-Founder and CTO). Co-founder and CEO Arthur Hayes graduated with a degree in economics from the Wharton School of Business before living in Hong Kong as an equity derivatives trader. He worked as a market maker for Deutsche Bank and Citibank’s Exchange Traded Funds (ETF) businesses, acquiring extensive research in equity index futures, forwards, and swaps, among other products. Using that experience, Hayes teamed up with Delo and Reed to launch BitMEX in 2014.

BitMEX Trading Volumes

CoinMarketCap reports that BitMEX has $900 million in 24 hour trading volume in its BTC/USD pair alone. However, BitMEX also offers ETH and ETC futures contract trading, so the actual trading volume may exceed $1 billion.

Number Of Coin Pairs On BitMEX

BitMEX is best-known for its BTC/USD coin pair, including the XBT bitcoin perpetual futures contract available with up to 100x leverage. BitMEX also recently started offering ETH and ETC futures contracts with up to 50x leverage.

Who Owns BitMEX?

BitMEX is owned by HDR Global Trading Limited, which is an incorporated entity in the Republic of Seychelles.

BitMEX Features, Benefits, & Reputation

BitMEX is best-known for its 100x leverage on XBT perpetual futures contracts. All contracts are bought and paid out in bitcoin. BitMEX was the first to introduce the idea of a “perpetual contract”, which is a high-leverage contract that never expires. Other crypto exchanges have introduced similar products, although BitMEX was the first to offer it.

BitMEX is also known for its lax attitudes towards user verification. The exchange has no KYC or AML requirements, making it easy for users around the world to sign up with little issue. Users from the United States are officially blocked from trading on the platform, although many users report having no issue accessing the platform using a proxy.

The leveraged bitcoin trading on BitMEX allows you to theoretically pay just 1% initial margin. That means you can buy 1 BTC with 0.01 BTC by buying a 100x leveraged position. You can short the price of bitcoin, profiting as the price of bitcoin falls, by selling the contract, in which case the most you can lose is your margin. You can also go long on the price of bitcoin, profiting as the price rises.

Although originally known for its bitcoin/USD futures contracts, BitMEX has recently launched Ethereum futures, including Ethereum (ETH) and Ethereum Classic (ETC) futures contracts with up to 50x leverage.

BitMEX KYC & AML Requirements

BitMEX does not require users to undergo Know Your Customer (KYC) or Anti-Money Laundering (AML) verification of any sort. This is one reason why BitMEX has grown in popularity significantly over the last few months.

BitMEX Fiat Acceptance

Although BitMEX does not officially accept customers from the United States, the exchange does most of its business in US Dollars. The BTC/USD pair is the most popular pair on the platform. All contracts are closed and opened in bitcoin, however.

BitMEX Trust Level

BitMEX is more controversial than your average cryptocurrency exchange. In 2018, the platform admitted that it was trading against its customers in order to provide liquidity. Automated trading systems bought and sold contracts on BitMEX to create liquidity for real users – a practice typically known as wash trading. It’s a way to generate artificial activity in the market. Overall, BitMEX is slightly more transparent than certain other cryptocurrency exchanges. We know the founders of the company, for example, and have basic information about how the company operates. However, the Seychelles-based corporation has limited transparency overall. Because BitMEX is not based in the EU or the United States, it does not need to comply with financial services provider laws in either region.

BitMEX Customer Experience & Support

BitMEX has mixed ratings for customer experience and support. The company has a FAQs page and knowledge base. Users can also submit a ticket to the company if they can’t get an answer through the FAQs page or knowledge base. It does not appear that BitMEX maintains a cell center or similar facility to handle customer concerns. Some users claim their support tickets were answered promptly, while others claim they waited for weeks to have their support tickets answered.

BitMEX Security History

BitMEX has never been hacked, nor has the exchange suffered any public security breach. As far as the internet knows, BitMEX has a clean operating history. You can find complaints online from users who claim they were unable to withdraw profits or access funds deposited into the platform. However, similar complaints can be found for virtually every exchange in the world.

BitMEX Listing Procedures

BitMEX seems to focus primarily on bitcoin and the US Dollar. This has been BitMEX’s specialty since launch, and the exchange appears to have little desire to move away from this pair. Although BitMEX has recently introduced ETH and ETC trading with up to 50x leverage, it seems unlikely that they will launch support for other altcoins in the near future. With that in mind, we know little about BitMEX’s listing procedures or how they work.

BitMEX Conclusion

BitMEX is one of the world’s largest cryptocurrency exchanges, accounting for more than $1 billion in trading volume on a daily basis. The exchange is known most for its 100x leveraged trading, allowing users to take an enormous short or long position on bitcoin futures with just 1% down as collateral. The exchange is also one of the more controversial major exchanges because of its lack of KYC and AML verification. Despite this controversy, BitMEX remains the world’s most popular bitcoin futures exchange and has the largest liquidity pool on the market today.



Bitpanda is one of Europe’s leading retail brokers for buying and selling popular cryptocurrencies like bitcoin, Ethereum, and IOTA. Available online or through an Android app, Bitpanda supports many popular European money transfer systems. The Austria-based company is popular among European customers who want to buy cryptocurrencies in an easy and convenient way without resorting to unfamiliar transfer methods.

Today, the exchange supports dozens of cryptocurrencies. Users can buy and sell cryptocurrencies with a number of different fiat currencies, including the Euro, the Swiss Franc (CHF), the British Pound (GBP), or the US Dollar (USD). Advanced features include API support. The main difference between Bitpanda and a traditional crypto exchange is that Bitpanda is a broker – not a trading platform. Bitpanda supplies you with the coins directly. You do not necessarily interact with other traders.

Bitpanda was previously known as Coinimal. The broker was founded in October 2014. Since launch, it has been a trusted member of the crypto exchange community. Coinimal/Bitpanda even won a startup award in October 2016. Today, Bitpanda continues to be known as a secure, reputable, easy-to-use exchange catered to customers across Europe. Users can buy cryptocurrencies using debit cards and credit cards or through popular bank transfer systems like Skrill, SEPA, EPS, GiroPay, and Sofort.

P2P / Centralized Centralized
Function Broker
Established 2014
Volume Unknown
Pairs 20+
Owners Bitpanda
Locale Vienna, Austria
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 1.29% to 1.49%
Benefits Great European support; dozens of cryptocurrency and fiat pairs
Reputation 10/10

Bitpanda Establishment

Bitpanda was founded in 2014 under the name Coinimal. The fintech company is based in Vienna, Austria. Today, Bitpanda it registered under the name Bitpanda GmbH. Since 2014, Bitpanda has grown to become Europe’s largest retail broker for crypto trading with over 900,000 users as of January 2019.

Bitpanda Trading Volumes

Bitpanda is not a trading platform, which is why its trading volume is not freely available online. The company has 900,000 customers across Europe, however, and is the continent’s largest crypto retail broker. It’s assumed that trading volume is strong.

Number of Coin Pairs on Bitpanda

You can buy dozens of different cryptocurrencies through Bitpanda using several different fiat currencies. You can buy bitcoin, Ethereum, Ripple, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic, Chalink, and Pantos, among other cryptocurrencies. As mentioned above, Bitpanda does not technically have trading “pairs”. However, you can buy all of the cryptocurrencies listed above using EUR, CHF, GBP, or USD.

Who Owns Bitpanda?

Bitpanda appears to be independently owned. The company is registered under the name Bitpanda in Vienna, Austria. The company information page lists no information about investors or other stakeholders.

Bitpanda Features, Benefits, & Reputation

Bitpanda is known for being one of the easiest, most convenient, and most secure ways for European customers to buy cryptocurrencies. Users appreciate Bitpanda for its wide-ranging bank support, its diverse selection of cryptocurrencies, and its simple desktop and Android interface. The goal of Bitpanda is to allow anyone to buy popular cryptocurrencies within minutes. You sign up, complete the verification process, deposit funds, then buy cryptocurrency.

One of the most convenient things about Bitpanda is its easy withdrawal and deposit systems. Users can deposit money via Skrill, Sofort, EPS, Neteller, and Giropay, for example, all of which are popular bank transfer systems in Europe. Many users also buy cryptocurrency on Bitpanda using Visa or Mastercard, and you can use your ordinary debit card or credit card to buy crypto from Bitpanda. After purchasing cryptocurrency through the platform, the cryptocurrency arrives in your account, at which point you can choose to withdraw it to your own wallet or keep it with the broker.

All of this convenience comes with a price. Bitpanda’s fees are significantly higher than a traditional crypto exchange. Users pay fees of 1.29% to 1.49% on most trades. Typically, a crypto exchange charges 0.1% to 0.5% for trades, although again, Bitpanda is a broker – not an exchange. Overall, the prices are competitive with other brokers.

In March/April 2018, Bitpanda made headlines for launching an ICO for its Pantos (PAN) token. The ICO set a record in Austria as the country’s largest ICO to date. The funding round fell short of its intended hard cap of 1,500 BTC, although the ICO was still seen as a success. The Pantos blockchain and the PAN token aim to create an effective payment system that unifies digital currencies. Today, you can buy the PAN token from Bitpanda.

Bitpanda KYC & AML Requirements

Bitpanda requires users to complete KYC and AML verification before buying cryptocurrencies on the platform. Technically, Bitpanda registration is available to all users worldwide. However, many international users are limited in what they can do on the platform. Only EU residents within SEPA can buy cryptocurrencies from Bitpanda, for example. That means most of the EU plus Iceland, Liechtenstein, Norway, Switzerland, and Monaco can buy crypto through Bitpanda.

Bitpanda Fiat Acceptance

Bitpanda accepts many popular EU bank transfer methods as well as many debit cards and credit cards. You can deposit, withdraw, and trade using four different cryptocurrencies on the platform, including the Euro, Swiss Franc, British Pound, and USD.

Bitpanda Trust Level

Bitpanda is a trusted, secure, and transparent cryptocurrency broker. The company complies with all regulatory requirements for a financial services provider in Vienna, Austria. They abide by all applicable EU regulations. Team information is transparently listed online. The company is easily reachable with multiple contact methods. For all of these reasons, Bitpanda is one of Europe’s most trusted crypto brokers.

Bitpanda Customer Experience & Support

Bitpanda’s help desk and support systems are easily accessible to customers online. You can choose from a range of tutorials and FAQs. Or, you can submit a request to the company’s support team. You can submit a general request with any type of question. Or, you can attach a specific transaction ID to your support request to get further information about a specific transaction. Additionally, Bitpanda has an official Telegram community where users can get further support.

Bitpanda Security History

Bitpanda has not suffered any major hacks or security incidents since being founded in 2014 – at least no incidents that have been publicly disclosed. Like any exchange, there are scattered reports of customers having trouble accessing or withdrawing funds, although the vast majority of customers have no issue with Bitpanda.

Bitpanda Listing Procedures

Bitpanda currently lists over 20 cryptocurrencies on the platform, and the company continues to add more cryptocurrencies on a regular basis. In 2018, for example, Bitpanda made headlines by adding IOTA and Ethereum, among other cryptocurrencies. In March/April 2018, Bitpanda launched an ICO for its PAN crypto token. That ICO set a record for the largest ICO in Austrian history, and the PAN token is now available for purchase from Bitpanda.

Bitpanda Conclusion

Overall, Bitpanda is not technically a cryptocurrency exchange where you buy and sell fiat and crypto from other users; instead, Bitpanda is a cryptocurrency broker that sells cryptocurrencies directly to clients. You pay higher fees (1% to 1.5%) than most other cryptocurrency exchanges. However, you get the convenience of paying with familiar European bank transfer systems – including credit cards and debit cards. Bitpanda has had a strong reputation since launching under the name Coinimal in 2014. Today, the Vienna, Austria-based company is a popular choice for European-based cryptocurrency customers seeking an easy way to buy and sell cryptocurrencies.



Bitso is a Mexican bitcoin exchange launched in 2014. As Mexico’s first bitcoin exchange, Bitso is best-known for offering convenient crypto pairs with the Mexican Peso. Today, the Mexico City-based company continues to generate strong trading volume across its MXN pairs. It has also built a reputation for trustworthiness and transparency over the years. Overall, Bitso is a secure a reputable bitcoin exchange available to residents of Mexico who want to trade the Peso for a wide range of popular cryptocurrencies.

P2P / Centralized Centralized
Function Trading
Established 2014
Volume $700 Million
Pairs 15
Owners Bitso
Locale Mexico City, Mexico
Fiat Yes
Trust Level 9/10
Support 9/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.05% – 0.65%
Benefits Trade Mexican Peso (MXN) for major cryptocurrencies
Reputation 10/10

Bitso Establishment

Bitso was founded in 2014 to provide residents of Mexico with an easy way to access the growing world of cryptocurrency. Bitso was the country’s first cryptocurrency exchange. Today, it continues to lead the way as the country’s largest crypto exchange by trading volume. Globally, however, Bitso sits just outside the top 100 exchanges by 24 hour trading volume. Over the years, Bitso has raised a total of $4.4 million of funding over 6 rounds, with the last funding round occurring in November 2016.

Bitso Trading Volumes

Bitso’s trading volume sits at around $700,000 per 24 hour period according to Coinmarketcap as of January 2019. That trading volume puts Bitso in the #130 spot among global cryptocurrency exchanges by trading volume. Over 90% of the exchange’s volume is tied up in three cryptocurrency pairs, including BTC/MXN, XRP/MXN, and ETH/MXN.

Number of Coin Pairs on Bitso

Bitso currently lists fifteen different fiat and cryptocurrency pairs, including BTC/MXN, XRP/MXN, ETH/MXN, TUSD/MXN, LTC/MXN, BAT/MXN, MANA/MXN, GNT/MXN, XRP, BTC, LTC/BTC, ETH/BTC, MANA/BTC, BAT/BTC, TUSD/BTC, and GNT/BTC.

Who Owns Bitso?

Bitso is a privately-owned company based in Mexico City. The company has raised $4.4 million from eight investors over the years, including investors like MassChallenge, MONEXgroup, Xochi Ventures, VARIV Capital, Digital Currency Group, FundersClub, and Hard Yaka. The last funding was raised in November 2016.

Bitso Features, Benefits, & Reputation

Bitso is Mexico’s leading bitcoin and cryptocurrency exchange platform. The Mexico City-based company has built a reputation for transparency, quality service, and easy trading over the years. Trades can be completed in seconds over the platform’s easy UI. Users can deposit Mexican Pesos (MXN) through a number of popular bank transfer methods – including SPEI. You can also withdraw crypto directly to your mobile device. Plus, Bitso has apps for iOS and Android that make it even easier to start trading with Bitso.

In terms of fees, Bitso’s fees are slightly higher than other cryptocurrency exchanges. However, they’re competitive compared to the fees seen on exchanges specializing in smaller national currencies. Traders with less than 30 BTC of monthly BTC trading volume will pay a maker fee of 0.50% or a taker fee of 0.65% for each BTC/MXN trade, for example. Tradres with more than 3,250 BTC of monthly trading volume will pay fees of just 0.10% (maker) or 0.13% (taker), however. Meanwhile, crypto-to-crypto trades on the platform are very cheap, with maker fees of 0.075% and taker fees of 0.098% at the lowest volume level. Deposits are free for Bitso Transfer, SPEI Transfer, and crypto deposits, although users will pay a fee of 2.6% plus tax to deposit via Oxxo Pay. Withdrawals are free for mobile phone transfers, debit card transfers, SPEI transfers, and Bitso Transfers.

Overall, Bitso has a strong reputation. The exchange has not suffered any major security breaches leading to a loss of customer funds. Over the years, Bitso has demonstrated a commitment to security. Aside from a few scattered complaints online, Bitso has a good reputation across the crypto exchange industry.

Bitso KYC & AML Requirements

Bitso, like most cryptocurrency exchanges, has a multi-level verification process for accounts. A Level 1 account lets you deposit and withdraw up to $5,300 pesos in a 24 hour period with a limit of $32,000 MXN over 30 days. All that is required for a Level 1 account is a verified mobile phone number. To receive Level 2 verification with up to $150,000 MXN per 24 hours, you will need to provide government-issued photo ID and proof of residency. You also need to fund your account via SPEI. A Level 3 Bitso account, meanwhile, has no monthly limit and allows you to deposit and withdraw up to $1 million MXN per day. To reach Level 3 verification, you need to sign a service contract with Bitso and provide proof of your occupation or the origin of your funds. Overall, Bitso requires users to complete KYC/AML verification when trading large amounts, but smaller traders only need a verified mobile number.

Bitso Fiat Acceptance

Bitso accepts deposits of Mexican Pesos (MXN) through multiple methods, including SPEI transfers. You can also deposit MXN via Oxxo Pay or Bitso Transfer. A variety of MXN pairs are available through Bitso. The exchange has particularly strong liquidity with the pairs BTC/MXN, XRP/MXN, and ETH/MXN. Overall, Bitso is one of the few cryptocurrency exchanges where you can buy and sell Mexican Pesos directly for major cryptocurrencies.

Bitso Trust Level

Bitso is a registered Mexico City-based company that appears to operate under all applicable laws and regulations. The exchange was founded in 2014 and has 5+ years of proven experience providing trustworthy service to Mexican crypto traders and institutional investors. Bitso has also never suffered any major security breach over the years. Furthermore, Bitso is relatively strict with its KYC/AML verification, which ensures any users making trades with the platform have received some level of verification. Overall, Bitso has one of the highest trust levels in the crypto space.

Bitso Customer Experience & Support

Bitso has strong customer service available in Spanish and English. The company’s help center features a selection of frequently asked questions. Additionally, Bitso allows users to file a support ticket. Bitso aims to respond to tickets within 24 hours. Users also have access to the Bitso API.

Bitso Security History

Bitso has not suffered any major hack or security breach since being launched in 2014. As far as the public knows, Bitso has a clean history and has a proven track record of maintaining strong security standards. With no major hacks on its record, Bitso has managed to keep user funds safe over the years.

Bitso Listing Procedures

Bitso focuses on offering pairs you can’t find on other major cryptocurrency exchanges – like BTC/MXN and XRP/MXN, among other MXN denominated pairs. Bitso is relatively selective about which pairs it lists on the exchange. As of January 2019, Bitso has just 15 pairs available for trading. It’s unclear if Bitso plans to add new pairs in the future. However, the exchange routinely adds MXN-denominated pairs based on customer demand.

Bitso Conclusion

Bitso is Mexico’s leading cryptocurrency exchange. Founded in 2014, the Mexico City-based exchange has a proven track record of safely managing customer funds. The exchange offers 15+ crypto and fiat currency pairs available for trading, including popular pairs like BTC/MXN, ETH/MXN, and XRP/MXN.. Bitso’s fees are slightly higher than an average exchange: low-volume traders can expect to pay fees ranging from 0.30% to 0.65%. However, these fees are in line with what we see on other exchanges specializing in smaller national fiat currencies like the Mexican Peso. Meanwhile, Bitso’s trading fees for crypto-to-crypto pairs are very competitive at less than 0.1% even for low-volume traders. To sign up for Bitso today, visit the exchange online at



The Bitstamp exchange is one of the oldest digital exchanges in existence, having launched in 2011. Always more modest with publicity, the platform still appears almost unknown for many, in spite of its sterling history.

Launched in Slovenia, Bitstamp has evolved to become one of the most popular exchanges in Europe today. At its heart, the platform is a portal for users to trade USD and EUR with BTC and ETH.

The company has opened offices around the world as user adoption has enabled expansion. Although relatively unknown in the American market, Bitstamp is in fact a global-vision virtual currency exchange. The platform was launched prior to Bitcoin’s 2017 surge, and has consistently led the way in digital exchange professionalism for the last seven years.

Bitstamp is a highly tailored, friendly portal with cold vaults for user holdings. It’s refined its presence over the years by marrying great UI into a persistent security focus. Bitstamp enables fiat users to onboard with legacy payment methods, while also providing trading tools and intel for seasoned traders. Although the original focus was on the European market, competing for custom at the time with the now-bankrupted Mt. Gox, Bitstamp has now opened other offices.

Consistently featured in the top ten of digital exchanges, the platform is a rare example of a professional, improving digital exchange. With some exchanges barely a year old, Bitstamp has the beginnings of stature in the cryptosphere, even at seven years young.

P2P / Centralized Central
Function Trading
Established 2011
Volume $131 Million
Pairs 12
Owners Damijan Merlak, Nejc Kodrič
Locale Slovenia
Fiat Yes
Trust Level 8/10
Support 5/10
Security History 70%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.1 – 0.25%
Benefits Fiat
Reputation 7/10

Bitstamp Establishment

The Bitstamp exchange was co-founded in 2011 by Damijan Merlak and Nejc Kodrič. Originally a Slovenian outfit targeting European clients trading on Japanese Mt. Gox at the time, the exchange has since become one of the world’s leading crypto marketplaces.

Bitstamp Trading Volumes

The Bitstamp exchange was onboarding around 100,000 new users a day in December 2017. Although its growth hasn’t followed many new entrants’ meteoric rise, newer exchanges entered a different, more enthusiastic playing field. The platform has instead grown organically, something that maintains its reputation as a smart, professional service offering.

With typically high daily volumes of $167,165,333, Bitstamp is one of the few that can talk of genuine user loyalty. It currently boasts a market cap of $131,167,281.

Number Of Coin Pairs On Bitstamp

Around a dozen coin pairs are hosted on the exchange, pairing prominent fiats with BTC and ETH. Bitstamp has never been a “free for all” exchange, where every novel crypto is added post haste. Rather, the exchange has presented an offer that captures the two most prominent fiats – USD and EUR – with the two top cryptos by market cap, BTC and ETH.

Who Owns Bitstamp?

The Bitstamp exchange is still owned by the original co-founders, Damijan Merlak and Nejc Kodrič. The two originators saw an opportunity to compete with Mt. Gox for bitcoin enthusiasm, as the coin began to rise in 2011/2012. That focus has remained, with the added benefit of ethereum trading too.

Bitstamp Operating Location

Since 2016, the company has maintained its  global headquarters in Luxembourg – thereafter opening offices in London, and a New York trading desk. It is the Luxembourg office, however, that serves as the company’s global headquarters.

Bitstamp’s Features, Benefits, & Reputation

The Bitstamp exchange’s reputation can be sketched as a persistently positive one, with great user reviews. A casual glance at the platform shows the extent of development, and importantly, refinement of UX glimpsed in small snippets across the site.

The onsite FAQs are a standard for the industry, and the site architecture can be seen emulated in a number of other digital exchanges. Charting and other trading tools are available onsite and the platform comes as a hybrid mobile app as well.

Bitstamp trading fees are subject to bulk discount. Users will pay 0.25 percent for a monthly volume below $20,000, and 0.1 percent for volumes of $20 million and more a month.

Apart from the fundamental benefits, users value the fact that the exchange has led the way in cold vaulting holdings offline. Bitstamp has also made a USP of its client focus.

Whereas most exchanges are technically focused, handling machine behavior all day to ensure UX, loyal users point out that Bitstamp rather resembles a service industry company, where clients’ concerns supersede technical concentration.

The reputation of the company is thus one of unusual diligence and service, an ephemeral consideration for some perhaps, but the defining difference for those loyal to the platform.

The majority of daily trades concern USD trading of the top three digital currencies. The Bitstamp exchange has become a default platform for European users looking for BTC/EUR and ETH/EUR pairs.

Bitstamp KYC & AML Requirements

New users visiting the Bitstamp site find that account setup is brisk and relatively simple. Verifying an account, however, does tie into current international AML and KYC legislation, and the site hosts both individual and corporate accounts.

Both account types require identification documents to be submitted to authenticate and action an account. The exchange also employs second-step phone authentication. Unlike some, mostly P2P exchanges, Bitstamp requires a full verification when users establish accounts.

Bitstamp Fiat Acceptance

Bitstamp accepts deposits into exchange accounts of USD and EUR. Fiat deposits can sometimes take a day or two to clear – a legacy protocol hangover – but the platform has always targeted the interface between fiat and cryptocurrencies; a major plus for existing users.

Bitstamp Trust Level

Because the exchange has been around for years, and also because during those years, the team was seen always to develop the offer to users’ benefit, the Bitstamp platform enjoys high trust levels among consumers. The exchange’s history of having mapped out the subtleties of bitcoin trading and constant development over time has resulted in a very dedicated clientele, most notably within the EU and the USA.

Bitstamp Customer Experience & Support

Unlike the majority of digital exchanges, Bitstamp has a reputation for normal support levels, matching those of traditional service providers.

The experience of normality when seeking support might seem of negligible value, but particularly middle class European consumers relate strongly to this aspect of the platform. Although no digital exchange in the world is yet known for its excellent support, Bitstamp would have to be a strong contender if ever that accolade arrives.

That said, there are the usual complaints in forums about user issues with the exchange, but beyond the complexities of digital trading, the company is fundamentally support-oriented and has made a package of security and support in a way few other exchanges have emulated.

Bitstamp Security History

Bitstamp suffered an attack in 2015, less than a year after Mt. Gox fell, and around $5 million in BTC was lost. Although the platform was breached, it’s possible that in the exposure and handling of the incident, Bitstamp’s reputation for security and service was entrenched.  Although the attackers breached the walls, the company curtailed their takings, as already majority holdings were being cold vaulted.

The exchange followed security protocols to come back online after the hack and also immediately refunded any missing funds. Unlike the wholesale sacking at Mt. Gox and other large figures associated with exchange hacks, Bitstamp’s ability to stifle and diminish the attack seems to have wowed audiences globally. In a strange twist, a “successful” hack has become a successful security response in the annals of the industry.

Prior to this, in February of 2014, the exchange suffered a DDoS attack. The founders were in fact sent a ransom demand to halt the attack, something they spurned, and in the days after the attack tightened protocols to ward off increased phishing activity around the site. The exchange is now seen as one of the top digital exchanges in this arena, where security management is also far more visible than on many other cryptocurrency exchanges.

Bitstamp Listing Procedures

Being wholly focused on a handful of cryptos and even fewer fiats, Bitstamp doesn’t have an active coin addition review mechanism. Having built an exchange focused on very specific currency pairs, the team has maintained this focus. Bitstamp is not a populous digital coin site, but rather a tailored, limited yet popular offering that deals with the top currencies of the new and old worlds.

Bitstamp Conclusion

With the value of the founders’ experience and technical savvy, the Bitstamp exchange has subsequently only enhanced its functionality and reputation. The company today presents as an experienced, sophisticated and incident-free digital exchange. Although a number of other exchanges can lay claim to the same credentials, none have the level of consistent user trust and loyalty that Bitstamp has.

Although very limited in its offered pairs, the pairs offered represent a massive percentage of daily digital trades. The exchange is a focused company within the cryptosphere, rather than being a volume participant in the bulk of emerging digital tokens. New users seeking an entry port with their fiat currencies could do a lot worse than opening an account on the exchange. Seasoned investors and traders, too, find the extensive intel, tools and exchange community valuable. Bitstamp remains the premier destination for many who value the fee and service transparency, as well as the convenience of the platform’s trading pairs.



Bittrex is a prominent cryptocurrency exchange that lists several dozen coins at any one time. Trading pairs fluctuate on the back of rescinded and additional listings. Although possibly no fault of the company’s dynamism and pro-activity in embracing new coins, the exchange has earned persistent negative commentary for being a pump and dump site.

It appears that the platform is a victim of its own willingness, as scamming ICO projects have manipulated the exchange’s protocols to present for trade, only to shortly evaporate without legitimate value.

Along with the Bittrex and Bitfinex exchanges, Bittrex halted intake of new users circa December 2017 to prepare for an overwhelming influx of newcomers wishing to trade bitcoin. On March 6, 2018, the Bittrex exchange listed TrueUSD, a stablecoin that is backed by USD, very much like Tether (USDT). Two days later, on March 20, 2018, the exchange delisted some 82 cryptocurrencies as the company found them to be acting in violation of mandatory listing requirements.

Criticisms of the exchange stop short of accusing it of complicity in spurious ICOs, but bemoan the damage done to the crypto arena as a whole by the company’s willingness to list untested altcoins. In comparison to its peers, the Bittrex exchange does show a high turnover of digital currencies. At least as many users value this dynamism, however, and are willing to follow the exchange through weeding out failed coins.

P2P / Centralized Central
Function Trading
Established 2014
Volume $300 Million
Pairs 400
Owners Bill Shihara, Richie Lai, Rami Kawach
Locale USA
Fiat No – US corp. only
Trust Level 8/10
Support 6/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.25%
Benefits Diversity, advanced
Reputation 8/10

Bittrex Establishment

The Bittrex exchange was launched in 2014, with project leads bringing their experience from Microsoft, among other entities, in order to build the platform. Because of its fintech manifestation and the previous operating environments of the founders, security is a prime focus on the exchange.

Bittrex Trading Volumes

The Bittrex platform has become one of the top ten crypto exchanges in the world in a relatively short space of time. Although greater volumes frequently bump up its competitors, the exchange can post high volumes, a current daily trade volume snapshot showing some $300 million daily volume. Billions in bitcoin have changed hands on Bittrex since the exchange’s inception, with the Bittrex market cap at $96,153,833 at the time of writing.

Number Of Coin Pairs On Bittrex

Traders on Bittrex source innumerable markets via the home page search bar, and then trade against ETH, BTC or USDT. The number of altcoins offered on the platform is constantly fluctuating, but over 400 altcoins are available upon searching. Many more come and go within a typical year. As with some of its peers, the Bittrex exchange has a busy attitude towards listing coins, and it is not a sedate and coin-limited exchange.

Who Owns Bittrex?

Bill Shihara, a former Security Engineering Manager at Amazon, is a co-founder and current CEO. Prior to Amazon, he worked for more than a decade on Microsoft’s Trustworthy Security Team and Windows Operating System. He also spent time as a cybercrime marshal at BlackBerry.

Fellow co-founder Richie Lai, the Bittrex CIO, previously worked at Amazon as a Information Security Team leader. Rami Kawach is another co-founder and current CTO. Before launching Bittrex, he was Amazon’s Principal Security Engineer.

Bittrex Operating Location

The company is headquartered in Seattle, Washington.

Bittrex’s Features, Benefits & Reputation

As a strict crypto exchange, users have to fund their trading wallet with digital currencies, although the platform recently started offering USD transactions to corporate clients. This pilot is expected to be extended to retail traders in the near future. The exchange is one that has both trumpeted security and so far lived up to it, and it remains prized as a secure marketplace.

With security a major feature and benefit, users also point to the Bittrex “custom-built trading engine.” This is a depiction of the exchange architecture that makes for very fast transactions. By employing what can be called “elastic computing,” a scalability effort built into the platform, transactions are immediate and there are no delays on withdrawals either. The system has been set up to enable the rapid processing of transactions by employing automated monitoring.

Most loyal to the platform point to the diversity, security and speed as the principal benefits they enjoy. With a strong security background, the team have ensured a secure platform, and their multi-stage wallet approach sees some 80-90 percent of holdings stored in a cold vault.

Bittrex KYC & AML Requirements

There are currently two account options on Bittrex. The first is the Basic account option, where users will have to submit a name, address and their date of birth. The company will verify these details via public records. If this first stage authentication fails, however, users will need to go onto more detailed submissions. Enhanced accounts ask that users submit scanned copies of their ID as well as a selfie to identify themselves.

Users can willingly undergo enhanced verification in order to action higher daily withdrawal limits. Enhanced account holders can effect withdrawals of up to 100 BTC daily, provided two-factor authentication is enabled.

Bittrex Fiat Acceptance

Corporate clients in America can employ USD to trade on Bittrex, a pilot offering that should be extended to individual users further down the line. Typically, however, in order to utilize the Bittrex platform, traders will have to fund their account from an existing wallet. This is not a fiat-enabled exchange.

Bittrex Trust Level

The Bittrex exchange enjoys a justified level of trust from users. Although typical exchange complaints follow every entity, most relating to successful phishing attempts over which no exchange has any control, overall user satisfaction is high. With a very transparent fee structure of 0.25 percent for all trades, this is pricey for some, but loyal users point to the value of being able to accurately know what a trade will cost.

Bittrex Customer Experience & Support

One of Bittrex’ major benefits is the diversity of its listings. Coupled with a the site’s speed, it’s easy to see why those loyal would want to forsake legacy-speed protocols. Unfortunately, support is a contributor to the dismal status quo of digital exchanges in this arena. Even with large sums at play, user complaints list months passing before queries are addressed.

The platform still somehow manages to rank as average on support, but this department is not up to speed with the security and ease of use.

Bittrex Security History     

The exchange has never been hacked, and a previous incident stemmed from a cloud vulnerability, and not the baseline security of the exchange. The platform is extremely vocal about its security, and it does present as one of the most secure digital exchanges in the world.

Bittrex Listing Procedures

Apart from doing its own homework, the Bittrex exchange allows for listings by nomination. During a preliminary review, a token is given basic consideration for listing according to broad metrics. This determines whether the exchange should proceed to investigate the coin. Thereafter comes a full listing review, a more detailed and in-depth analysis of the coin seeking listing.

Bittrex Conclusion

Bittrex is a marriage of great diversity and tight security. The accusations of enabling pump and dumps remain a liability that stems from their openness to user input model. The platform also marries the typical KYC legislation into the excitement of accessing hundreds of altcoins on a single site. Although support is a bugbear, loyal users maintain that the extreme speed of the platform clinches it all.

Bittrex charges no listing fee, and the exchange may well be plagued by spurious offers for some time, although recent edits of the listing terms of service seem to indicate that protocols are being tightened. A great exchange for newcomers and seasoned traders alike, the speed and security does make many competitors look dated by comparison.



Bit-Z is a Hong Kong-based cryptocurrency exchange founded in 2016. The exchange continues to be one of the largest in the crypto industry by trading volume. Today, Bit-Z is best-known for providing both over the counter (OTC) trades and professional digital asset trading services for retail investors. The company was founded by a team of professionals from e-commerce, finance, gaming, and social networking, among other industries. The most popular trading pairs on Bit-Z include BTC/USDT, Eth/BTC, EOS/USDT and EOS/BTC. One reason why traders have flocked to Bit-Z is because the exchange charges 0% maker fees on most trades (along with 0.2% taker fees). As of January 2019, Bit-Z is handling around $400 million of trading volume per 24 hour period, making it the third largest cryptocurrency exchange in the world behind only Binance and OKEx.

P2P / Centralized Centralized
Function Trading
Established 2016
Volume $400 Million
Pairs 150+
Owners Bit-Z
Locale Hong Kong
Fiat Yes
Trust Level 9/10
Support 9/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0 to 0.2%
Benefits Cheap, easy trading in a professional environment
Reputation 8/10

Bit-Z Establishment

Bit-Z was founded in December 2016 in Hong Kong. Today, the exchange has expanded by establishing branches in 10 countries worldwide with offices in Singapore, Japan, and South Korea. Bit-Z was founded by top talent from the digital currency space as well as individuals with backgrounds in finance, social networking, gaming, and e-commerce. Since launch, Bit-Z has received capital support from Cyanhill Capital and Plum Ventures. Bit-Z trading officially launched with BTC and ETH pairs in February 2017. By May 2017, the company had launched its OTC trading desk. In January 2018, Bit-Z released a mobile app. In February 2018, the company broke through the 1 million user mark. In March 2018, Bit-Z broke the $300 million 24 hour trading volume barrier with 90+ tokens and 120+ trading pairs. By the end of 2018, Bit-Z had launched a decentralized multi-chain wallet called CoinU with a cold wallet function and Dapp support.

Bit-Z Trading Volumes

Bit-Z is one of the largest cryptocurrency exchanges in the world by 24 hour trading volume. The exchange typically experiences trading volumes of $300 million to $500 million per 24 hour trading period. As of January 2019, Bit-Z sits third on the list of biggest cryptocurrency exchanges by trading volume with $400 million USD traded over the last 24 hours. Binance and OKEx are the only two cryptocurrency exchanges with higher trading volume.

Number of Coin Pairs on Bit-Z

Bit-Z has 150+ coin pairs listed on its platform. The vast majority of trading takes place in the cryptocurrencies you would expect, including BTC/USDT, ETH/BTC, EOS/USDT, EOS/BTC, and similar pairs. Bit-Z also has particularly high trading volume in NULS/BTC and NULS/ETH pairs.

Who Owns Bit-Z?

Bit-Z is a privately owned company based in Hong Kong. In 2017, Bit-Z received investments from Cyanhill Capital Limited, Guosheng Financial Holding, and Plum, Angel Investment Co., Ltd.

Bit-Z Features, Benefits, & Reputation

Bit-Z is best-known for offering convenient OTC trading for institutional investors, although it also offers an accessible retail experience for all levels of investors. The exchange has some of the best liquidity in the crypto space today across all major cryptocurrency pairs. One of the few drawbacks of Bit-Z is that the exchange doesn’t deal with much fiat currency. Tethers (USDT) are used on the platform, although users do not typically deposit fiat currencies into Bit-Z.

In terms of reputation, Bit-Z has maintained a strong reputation over its 2-year history. The company launched its trading operations in February 2017 and quickly grew to become one of the world’s largest exchanges by trading volume. Despite the surging growth, Bit-Z hasn’t experienced many major issues over the years. It has a reputation for being honest, transparent, and accessible.

In terms of fees, Bit-Z is very competitive. In fact, many traders will pay 0 fees whatsoever – which is one reason why Bit-Z is so popular. Makers pay 0% fees on most cryptocurrency pairs, even if you have low trading volume. Taker fees are 0.2% on most cryptocurrencies. Aside from these small trading fees and withdrawal fees, there are limited fees for using the platform.

Bit-Z KYC & AML Requirements

Bit-Z requires users to complete KYC and AML verification to withdraw more than 2 BTC from the platform. Like other exchanges, there are multiple stages of verification for each account. To achieve Level 1 Verification, you simply need to verify your email address. At level 1, you have a withdrawal limit of 2 BTC every 24 hours. To receive level 2 verification, you need to upload a photo of yourself along with government-issued photo ID. With level 2 verification, you have a withdrawal limit of 20 BTC every 24 hours. To receive the highest level of verification, level 3, you need to have more than 50 BTC in your account before submitting a request. Bit-Z will review your request manually before approving or denying your level 3 status, at which point you have few limits on your account.


Bit-Z Fiat Acceptance

Bit-Z doesn’t technically accept or handle fiat currencies of any type. You cannot deposit USD, EUR, or other fiat currencies into the platform. However, Bit-Z does use Tether and the USDT token, effectively allowing you to trade cryptocurrencies for USD within the Bit-Z ecosystem.

Bit-Z Trust Level

Bit-Z is one of the largest and most trusted exchanges in the industry today. The exchange is generally well-regarded. It has a reputation for maintaining high levels of customer service and quality since launching two years ago. The exchange is transparent about who’s running the company, where they’re based, and how to get into contact. Overall, Bit-Z is a trusted exchange that appears to abide by all applicable regulations.

Bit-Z Customer Experience & Support

Bit-Z has a strong customer service department -which is to be expected for the third largest cryptocurrency exchange in the world by trading volume. You can contact the Bit-Z customer service team by email or WeChat ([email protected] or Bitzcom666 on WeChat). Bit-Z has offices in Singapore, Malaysia, and South Korea to handle local customer service issues.

Bit-Z Security History

Bit-Z has not suffered any major security breaches or hacks over the years. As far as the public knows, Bit-Z has never experienced any major loss of customer funds or other issues. The Bit-Z appears to have strong security – which, again, is to be expected with the world’s third largest cryptocurrency exchange by trading volume.

Bit-Z Listing Procedures

Bit-Z lists over 150 cryptocurrency pairs on its exchange. Major cryptocurrencies are listed on the market as well as more obscure digital tokens. Overall, it’s unclear what type of listing procedures Bit-Z has. The company has not publicly disclosed the process it uses to verify coins before listing them on the exchange.

Bit-Z Conclusion

Bit-Z is one of the world’s largest and most reputable cryptocurrency exchange. The platform is trusted by both retail and institutional investors. Ordinary investors can access a convenient trading market, while institutional investors can depend on Bit-Z’s popular OTC trading desk to process trades away from market orderbooks. Launched in February 2017, Bit-Z rapidly grew to become the world’s third largest cryptocurrency exchange by trading volume. Bit-Z has never suffered a major security breach, and the exchange appears to have some of the industry’s best security protocols in place to protect customer funds. On top of all of these benefits, Bit-Z also charges 0% maker fees on most trades, making it one of the cheapest ways to trade cryptoassets. One of the few drawbacks to Bit-Z is that the exchange does not handle fiat currency (aside from a few USDT pairs).



BW is a cryptocurrency exchange found online at The Australian-based exchange has close connections to Chinese exchange ZB, with the two forming a ‘strategic partnership’ to share liquidity and technical support. The name ‘BW’ is a combination of two words: ‘Bit’ and ‘World’. The company claims the name represents the exchange’s vision “to create a diverse and self-governing community” by creating a flourishing digital asset ecosystem. The company claims the ‘W’ also has a second meaning: it also stands for ‘Wealth’.

Prior to launching its own crypto exchange, BW was a successful mining pool. BW was one of the bitcoin community’s largest pools during the early days. Today, BW continues to mine major cryptocurrencies like BTC, LTC, ETH, and ETC. Over the years, the BW mining pool has mined nearly 300,000 bitcoins, 1.5 million Litecoins, and 2 million ETH, generating a total value of more than $3 billion. It’s estimated that BW mines about $1 million worth of digital assets every day.

In recent months, BW has established itself as one of the world’s largest cryptocurrency exchanges. BW routinely ranks among the top 10 crypto exchanges by 24 hour trading volume. As of March 2019, BW, is sitting in the #3, #4, or #5 spot worldwide on a consistent basis, competing with ZB, Bitforex, HitBTC, Bibox, and other heavy hitters.

P2P / Centralized Centralized
Function Trading
Established 2017
Volume $600 Million
Pairs 35+
Owners CollinStar Holdings
Locale Australia
Fiat No
Trust Level 5/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements No
Fees 0 to 0.1%
Benefits Deep liquidity for crypto-to-crypto trading with cheap fees and minimal regulations
Reputation 5/10

BW Establishment

BW started as a bitcoin mining pool. In the early days of bitcoin, BW was one of the community’s largest and most successful mining pools. It’s not clear when the BW mining pool was launched or who launched the pool. However, the pool would eventually mine over 300,000 BTC, 1.5 million LTC, and 2 million ETH, among other cryptocurrencies. In 2017, BW was fully acquired by an Australian company called CollinStar Holdings. CollinStar Holdings is an investment organization specializing in acquiring blockchain technologies, digital asset exchanges, and mining operations. The company is based in Melbourne, Victoria, Australia. In addition to fully owning BW, CollinStar Holdings has equity in Binance,, Huobi Australia, Blockchain Global, HyperPay, and other projects.

BW Trading Volumes

As of March 2019, BW has some of the highest trading volume in the crypto space, currently ranking in the top 5 exchanges worldwide by 24 hour trading volume. It’s one of the deepest liquidity pools available, and some liquidity appears to be shared with strategic partner ZB. Overall, there are few exchanges with higher trading volume than BW on a regular basis.

Number of Coin Pairs on BW

BW appears to focus on listing a small number of major cryptocurrency pairs instead of listing dozens of obscure altcoins. The exchange has all major cryptocurrencies available for trading in various pairs, including BTC, ETH, EOS, LTC, XRP, DASH, BCH, XLM, ETC, ADA, and others. BW supports Tether (USDT) trading for most major cryptocurrencies. BW is also one of the few exchanges where you can buy and sell BWB tokens, which are ERC20 tokens based on the Ethereum blockchain and given to users for various activities, including mining.

Who Owns BW?

In 2017, BW was fully acquired by Australian crypto asset management company CollinStar Holdings. As far as we can tell, BW is still fully owned by Melbourne-based CollinStar Holdings to this day. BW is also closely connected to ZB, and claims to have “full technical support” from ZB. However, it’s not clear who’s running BW, what their background is, or what specific connections they have with ZB (which is also owned at least partly by CollinStar Holdings).

BW Features, Benefits, & Reputation

BW has risen to become one of the world’s largest cryptocurrency exchanges by trading volume, regularly ranking within the top three crypto exchanges worldwide by 24 hour trading volume. Users are attracted to BW for its deep liquidity, competitive trading fees, and minimal regulatory requirements.

Despite being owned by an Australian asset management company, BW seems to have minimal transparency about its operations. It’s unclear who’s running the company, for example, and BW does not seem to have strict KYC/AML requirements in place. Of course, some users see this as a feature, attracted to the platform because of a perceived lack of oversight. Users also appreciate BW for its diverse trading options. BW offers spot trading, margin trading, and more, for example.

In terms of fees, BW is competitive with other crypto-to-crypto exchanges, charging trading fees of 0.1% on average. Users classified as ‘Market Makers’ instead of ‘Regular Members’ will pay trading fees of 0% for both spot trading and margin trading, however, which is one reason why BW is so popular. BW charges withdrawal fees for all supported cryptocurrencies, although withdrawal fees tend to be competitive and similar to other exchanges. All deposits (only available in crypto) are free of charge.

BW KYC & AML Requirements

BW does not seem to have KYC or AML requirements for users, which isn’t surprising given the exchange’s connections to ZB, another exchange with minimal regulatory requirements.

BW Fiat Acceptance

BW does not accept deposits in fiat currency. Stablecoins like Tether (USDT) and Gemini Dollar (GUSD) pairs are available on the exchange, although no other fiat currency pairs are available.

BW Trust Level

BW discloses little information about itself online. We know that BW has a strategic partnership with Chinese exchange ZB. We also know that BW was fully acquired by an Australian asset management firm in 2017. Beyond that, however, we know little about who’s running BW, how the company is organized, or where they’re based, making it hard to give BW a strong trust level ranking.

BW Customer Experience & Support

You can contact BW customer support by email at [email protected] BW also maintains active communities on Telegram and other social networks. Overall, customers seem to have an average experience dealing with BW customer support.

BW Security History

BW has never suffered a major, publicly-disclosed hack. We can find no evidence of BW losing customer funds or experiencing a major hacking attack.

BW Listing Procedures

BW seems to list fewer random altcoins than many of its competitors, choosing to focus on a small number of major crypto pairs instead. However, the BW website does not disclose specific listing requirements or quality control metrics a coin must meet in order to be listed on BW.

BW Conclusion

BW sees itself as more than just a crypto exchange; the company describes itself as “the world’s leading one-stop financial services platform”. Today, those financial services include crypto trading, crypto mining, and more. Originally, BW was known for operating its mining pool, which was one of the largest and most successful pools in early bitcoin history. Today, BW is focusing on developing its exchange as one of the leading exchanges in the industry. As of March 2019, BW ranks as one of the most heavily-trafficked exchanges worldwide with average 24 hour trading volume of around $500 million.

Today, BW seems to be a contract trading platform extension of, another crypto exchange giant. The two exchanges are closely connected, and they also seem to share certain liquidity pools. BW operates with the full technical support of ZB, and BW was launched in 2017 to “fill the gap of ZB trading ecology and form a strategic alliance”, according to the About page.

Overall, there’s limited transparency about BW available online. Users love BW because they can trade major cryptocurrencies with trading fees as low as 0% with minimal regulatory oversight. However, it’s difficult to determine much about BW and its business operations online, including where the company is based, who’s running it, and what’s preventing those people from disappearing overnight. Despite these issues, of course, BW remains one of the biggest crypto exchanges in the world by 24 hour trading volume.


The CEX exchange is one of the older digital exchanges, having launched in London in 2013. Initially, the platform was also a cloud mining portal.

The CEX mining pool, called, was at one point so large that it represented around 42 percent of total bitcoin network mining power. During January 2015, however, the exchange abandoned cloud mining operations to concentrate on maintaining a professional bitcoin exchange.

Reminiscent of the Coinbase exchange, CEX allows users to employ fiat to buy bitcoin. The exchange is elegant and simple and presents as a focused bitcoin trading market, with more of a trader’s feel to it than Coinbase. The platform also offers immediate payment when trading, but has attracted criticism for its fee structure, although savvy users try to minimize fees when trading on the platform.

EU residents patronize the exchange for its ability to get right into bitcoin with legacy payment protocols, very much the same way that Americans patronize Californian Coinbase.

The exchange runs on fill-or-kill (FOK) orders, meaning that orders are executed immediately and fully. Unlike other exchanges, where a user might wait for a market maker or taker to enter at the right price to fill their order, on CEX users get exactly what they ordered at the price quoted.

The exchange does bump fees up somewhat to enable this functionality across the board. This results in some users avoiding the site as they deem it to be overpriced, yet at least as many see the value of the overall convenience of CEX and remain loyal.

P2P / Centralized Central
Function Trading
Established 2013
Volume $10 Million
Pairs 30
Owners Oleksander Lutskevych
Locale UK, USA
Fiat Yes
Trust Level 9/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.1 – 0.25%
Benefits Diversity, advanced
Reputation 9/10

CEX Establishment

The CEX exchange was founded in 2013 as a digital exchange and cloud mining pool. The mining aspect of the project has since fallen away, leaving the sleek exchange as a standalone platform.

CEX Trading Volumes

The CEX exchange has become a baseline facility for many EU residents and although lacking the glamour and public profile of many others, trading volumes and liquidity remain high on the exchange. This in spite of many users complaining about platform fees, notably hidden ones. The  CEX exchange currently has a market cap of $12,819,112.

Number Of Coin Pairs On CEX

Around 30 coin pairs are offered on the platform, prime among them being BTC/USD, BTC/EUR, ETH/USD AND ETH/EUR. Most importantly for the average user on the exchange, CEX accommodates fiat currencies and thus allows for a dynamic fiat/crypto onboarding interface where users can experience legacy protocols and payment methods while buying and trading crypto.

Who Owns CEX?

The CEX exchange site gives no ownership details, but although not publicized, the exchange was founded by the current CEO Oleksander Lutskevych who appears to remain the sole owner.

CEX Operating Location

CEX was originally a London company, but has since registered with American regulators too, and offers its services globally to all whose home countries don’t inhibit their participation on the exchange.

CEX’s Features, Benefits & Reputation

With the FOK order structure at play on the exchange, users enjoy legacy banking protocols of immediate settlement of orders and prompt transactions. Users also feel legacy pain in fees, however, that many complain are hidden in a convoluted manner that doesn’t tally with listed fees onsite.

The CEX exchange fulfills two principal needs of traders; firstly that the platform allows users to buy into crypto with fiats. Secondly, the exchange also allows users to trade coins, and the platform offers margin trading for dedicated traders.

Although online reviews list the exchange’s fees at anything from 3.5 percent upwards, the broad reality for most traders is that they will pay around 7 percent when transacting on the exchange. The platform lets users buy into various cryptocurrencies such as BTC, BTG, BCH, ETH, ZEC and XRP.

CEX also confuses matters by listing maker-taker fees pegged within a taker fee range of 0.10 to 0.25 percent, while makers shed from 0.0 to 0.16 percent in trading, based on trading volume. It remains hard, especially for newcomers, to pinpoint fees before trading, as opposed to other exchanges that might follow a similar model, but have simplified fees to basic levels.

Users can access 1:2 or 1:3 leverages and a fair level of automation is enabled for traders who want the most hands-off approach to digital asset trading. The exchange “freezes” trades for 120 seconds, allowing users to conclude a trade without slippage or other unknowns creeping into the transaction.

In spite of the attempted clarity posted online, users are frequently still surprised by fees, and vocal about it in online forums. A user buying $1000 worth of a digital asset, for example, forfeits 7 percent, and gets only $930 in BTC. Further compounding difficulties in knowing exactly how much a direct-buy trade will cost, is the fact the the 7 percent is inbuilt into listed trading fees of around 3.5 percent, and users soon come to understand the exact nature of trading on the platform with use and experience.

CEX also offers trading where differing fees will apply, and the reality of the platform is that the project has done just enough to truly confuse potential traders, and there is no substitute for regular trading on the site to paint an honest picture borne of historical trades. This will give users a comfort zone of knowing what to expect when trading on the platform, as it seems without regular experience, it remains difficult for newcomers to know upfront exactly what a trade is going to cost..

CEX KYC & AML Requirements

The exchange has always been styled more on legacy money protocols when it comes to AML and KYC. Although tiers are offered that match disclosure with account limits, there is no escaping KYC regulation on the platform. CEX has complied with US FinCEN stipulations and is also registered with industry bodies in the EU.

CEX Fiat Acceptance

Since CEX allows users to buy bitcoin and others with their credit cards, via  wire transfer or with an EU SEPA transfer, the exchange is fiat-friendly and the employment of fiats in trading on the exchange remains one of the prime attractions for many retail traders. Fiat currencies accepted as payment include EUR, GBP, USD and the Russian ruble, RUB. Users will need to fund their CEX wallets via wire transfer or credit card.

CEX Trust Level

Because the CEX exchange has always been a legacy-modeled digital exchange, it has benefited from familiarity among consumers, who value the simple bridge it provides between two currency worlds. Trust is high and there is also a loyal user base that generates the silent publicity of a trusted exchange. Trust levels and user confidence on the platform are generally the envy of other exchanges, as although fees can be cheeky, the overall experience has found fertile ground among modern European and American traders.

CEX Customer Experience & Support

Users can expect a moderately “OK” support experience with CEX, and the “Help” buttons that populate online pages generally provoke a prompt response, within a minute. That said, there is also the email route (slower), and unfortunately the exchange suffers from the usual user support complaints as other virtual exchanges.

To be fair, the support on the exchange overall is far better than many others, where support is almost farcical, and the exchange has to be rated as being in the upper echelons of support provided to traders on a constant basis.

CEX Security History     

Users trawling for CEX’s security history may become confused with a data hack on Cex (or sometimes “CEX”), a UK-based secondhand games retailer. The CEX exchange has never been breached, although an alarming report of a wholesale hack surfaced on a Bitcoin forum in June 2018.

This remains unsupported by any other news reports on the issue, and it thus appears that security on the exchange has never been breached. Within the tight regulatory framework of both the US and the EU, CEX has a reputation as a diligent and security-conscious exchange.

The exchange states onsite:

“Throughout the history of our company, none of our users ever experienced account funds theft, and practical support of such reputation is an affair of honour for us.”

The exchange cold vaults majority holdings, and security appears a prime concern of the project, reassuring new users and existing traders alike.

CEX Listing Procedures

Being a more typical legacy-styled exchange, CEX doesn’t present as open to user input on coin listings. The company has also defined its coin offering from the outset, and presents as an exchange where a narrow yet sufficiently diverse range of coin pairs meets the needs of millions of new and experienced crypto traders.

As opposed to being all things digital coin, the exchange’s offer is centered more on prime fiats traded against prime cryptos.

CEX Conclusion

Loyal users point to their ability to instantly buy into cryptocurrency as a major benefit of the platform. Coupled with deposits and fiat withdrawal facilities, this brisk exchange pleases a vast swathe of retail traders in the exchange’s target countries.

Users also point to high liquidity and the margin trading facility as serious pluses of the platform. Alongside mobile transactability, the tight security levels reassure traders no end and the modern CEX exchange has impeccable standing, sundry user complaints notwithstanding.

On the downside,  fee structures can be confusing and always hefty, especially for new users, and there are strict account limits applied based on user exposure to and compliance with KYC and AML legislation.

Very much like Coinbase, CEX has never tried to compete on fees or variety, beyond what it currently hosts, but rather presented as a viable retail offer for many consumers. Retail traders value the bridge between fiat and crypto, and with regular trading on the platform, learn to optimize purchases by narrowing fees in regular trading down whenever possible.



The Czechoslovakian Changelly digital exchange is a true tech startup global exchange. Changelly is almost unique in that the platform allows for fiat transactions with minimal KYC implications, passing that on to their legacy payment partners. The exchange employs a trading bot to integrate with some of the biggest virtual asset trading platforms. The Changelly mechanism runs by placing bids and asks on various exchanges to secure the best deal for users.

Similar to and indeed in direct competition with the ShapeShift exchange, Changelly allows users to trade fiat/crypto currencies without the need for any registration or other authentication. The project stems from the Minergate days of 2015, but the two entities are now wholly distinct, according to Changelly sources. Minergate is a large Monero mining pool that also mines a host of other digital coins.

P2P / Centralized Central
Function Trading
Established 2015
Volume $13 Mllion
Pairs 120
Owners Konstantin Gladych
Locale Czech Republic
Fiat Yes
Trust Level 8/10
Support 7/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements No
Fees 0.50%
Benefits Fiat, diversity
Reputation 7/10

Changelly Establishment

The company was established in Prague, Czech Republic, in 2015 by Konstantin Gladych, the current CEO. After spinning a few projects off Minergate, Gladych eventually set up Changelly, and the platform has become a popular staple of the cryptosphere. The first Changelly version was in fact developed in 2013 by Minergate. 2014 saw the initial completion of the proper Changelly exchange, with 2015 being the year of official launch.

Changelly Trading Volumes

The exchange sees several million visitors in a month, and the platform prefers to give out trade volumes in BTC, with the team saying that they handle the exchange of around 2,000 bitcoins on a daily basis.

Number Of Coin Pairs On Changelly

Around 120 coins are listed for trade on the Changelly exchange. The number of pairs constantly fluctuates, although the platform has made a meal out of making it easier for enthusiasts to buy the digital currency they want, as opposed to incurring fees on repeated transactions across exchanges to finally secure desired virtual currencies. The exchange has a reputation for easy use of a diverse coin listing, and many loyal to the exchange insist it represents the level-best UX available from digital exchanges.

Who Owns Changelly?

Changelly was founded by Konstantin Gladych, with support from within the Minergate group. Gladych remains the owner of the company. In 2016, the platform was redesigned and again released after having some serious technological updates worked into the system.

Changelly’s Features, Benefits & Reputation

The Changelly exchange is another version of digital exchanges, where the focus is on swift and easy in-out trading, offering a fair coin range and fiat ability onsite. The platform functions as a cost-effective solution for many to enter the world of digital assets, although users buying in with fiat are advised to sample a few transactions to see whether the advertised trading fees hold true.

Changelly makes much of its static-rate fee structure as a serious benefit to users. Trading, in a nutshell, will typically cost traders a 0.5 percent fee. Although it appears high in comparison to the sometimes decimal point differences between exchanges, for most users it translates into a fair deal.

That said, fiat users often find that the 0.5 percent is a bad joke when they exchange funds. Ridiculously high rates of up to 40 percent have been levied, though the exchange lays this at the door of its legacy payment processors, and the banks that stand behind them.

The exchange maintains a 0 percent digital withdrawal fee structure, with existing wallet users gleaning the best deals from the exchange. Fiat entrants need to carefully evaluate what any given transaction might cost in legacy-derived fees.

Changelly KYC & AML Requirements

In a nutshell, Changelly has adopted a route to legally avoiding any KYC and AML legislation implications, by passing it one up on the line. Because the exchange enables fiat currencies, and fiat transactions are regulated in every way, the exchange can allocate the duty of knowing your customer to their legacy fintech partners.

In a recent interview, Gladych admitted that the current integration with nominated “bank card processing partners” means that the exchange is freed of any obligation regarding KYC regulations. This doesn’t explain how crypto users get around this mandatory regulation now extant, but suffice to say that the site has a nuanced arrangement when it comes to KYC. Many traders on the platform avoid having to identify, something that appeals to a large swathe of users.

Changelly Fiat Acceptance

The exchange accepts credit and debit card fiat payments. Onsite intel states that the site will accept any fiat currency, converted at a USD or EUR rate.

Changelly Trust Level

The Changelly exchange has the reputation of a savvy and trustworthy exchange, having never suffered a successful hack. Although a moment in 2017 gave rise to allegations of an attack, it manifested as an overall slowing-down of the network, not involving any funds being stolen.

Loyal users point to the fact that not only has the exchange never been breached, but that the company is also transparent and financially responsible in matters of UX. This doesn’t extrapolate into good support services, but it does present as a professional exchange, not easily hacked. The company is also in constant dialogue with wallet suppliers and other exchanges too, in a bid to stay ahead on digital security.

Changelly Customer Experience & Support

It is now beyond dispute that support from digital exchanges remains bad to appalling, and here Changelly is something of an exception, fortunately. Most digital exchanges are startups who struggle to grow exponentially while maintaining service levels. Overall, Changelly has endeared itself to users by resolving issues within hours, sometimes on the same day.

Changelly users enjoy an intuitive site with easy use for all trader types, and the only really persistent issue centers on the overblown claims of “free” use of the exchange. Reality is a lot more expensive for EUR and USD users.

Changelly Security History     

The Changelly exchange has never been successfully hacked, and user confidence in the platform’s security is high. With such a fluid model, auto-trading by flitting in and out of exchanges, the team has been relatively modest on issues of security, but watertight security accompanies traders nonetheless.

Changelly Listing Procedures

Changelly lists coins based on internal evaluation, but the exchange also has a very gregarious liaison with others on the issue. The exchange partnered with Binance to be able to bring faster transacting, more tokens and hopefully improved rates to users. Changelly has also teamed up with Coingecko and CoinMarketCap to improve its offering. As opposed to a standalone stance, the company actively seeks out collaboration, something observers note as a maturing of the cryptosphere.

Changelly Conclusion

Changelly does what it set out to do for users – providing a simple, easy, quick route to trade digital currencies. Although newcomers familiar with other exchanges might get stuck on the 0.5 percent fee, many loyal users maintain that the cost matches the convenience and that overall Changelly represents a good deal.

The company’s relatively muted stance on security and other issues does make them less than transparent. This is possibly a hangover from the Minergate mentality, as that project gained a reputation for anonymity too. This is less alarming and more a product of misapplied cryptosphere invisibility, and the exchange has never been accused of anything other than professional conduct.

The exchange has protocols that see funds being stashed on larger exchanges before users are paid into their wallet. Although it hinges on those exchanges’ security protocols, Changelly can be seen to be enacting security for the benefit of users. The exchange has been constantly improving security protocols since inception. For anyone looking for a hassle-free, fast digital trade, Changelly maintains its appeal.



In spite of actor Jamie Foxx’s endorsement, the Cobinhood exchange is still a relatively obscure digital exchange, not widely known. This is particularly surprising as the platform boasts a zero fee structure that has many current users smiling widely.  

A sleeping giant, Cobinhood is a visually very savvy and polished offering. The platform supports dedicated traders with price charts, depth charts, an order book, trade histories and all the regular tools for advanced traders. That said, the technical analysis emphasis might appear weak for very advanced traders, but the platform remains a professional offer that accommodates newcomers and professional traders alike.

Cobinhood markets itself as a “next generation” digital exchange, and it is certainly avant-garde in its abandonment of the typical trading fee model. While almost all exchanges levy some fee from traders’ activities, Cobinhood simply doesn’t.

Combined with an intuitive design and smooth, simple transacting, one has to imagine that it will be only a matter of time before global traders awake to the platform’s value. It is also likely that the offer will result in similarly modeled exchanges emerging, while exerting downward pressure on all other existing exchanges’ fees in some even small way.

The Cobinhood exchange also reassures users by carrying what it terms “a 100 percent reserve.” In short, operational and liquidity requirements have been modeled and insured on the exchange in a detailed and savvy manner. With principal advisor Tony Scott being a former US Federal Chief Information Officer, fiduciary duty and platform security are pronounced in the site’s architecture and protocols.

P2P / Centralized Central
Function Trading
Established 2017
Volume $3 Million
Pairs 110
Owners Popo Chen, Wei-Ning Huang
Locale Hong Kong
Fiat Yes
Trust Level 10/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0%
Benefits Diversity, low fees, advanced, fiat
Reputation 10/10

Cobinhood Establishment

Taiwanese electrical Engineer and current CEO Popo Chen co-founded Cobinhood with current CTO Wei-Ning Huang in 2017. Wei-Ning previously worked for Google for a number of years. Although the project was well underway, at least conceptually, the dramatic late-2017 bitcoin price spike saw final urgency brought to the exchange’s launch.

Cobinhood Trading Volumes

The platform is still modest in terms of daily volumes, although respectable for such a young exchange. Daily volumes sit around $3 million, and the exchange has a market cap of $13,525,950.

Number Of Coin Pairs On Cobinhood

With a pleasing number of digital currencies hosted alongside the prime fiats, the number of coin pairs offered by the exchange typically sits above 110. Although not prone to uneducated listings nor excessive churn, the platform is more dynamic in evaluating coins and maintaining a broad range for traders. The exchange habitually removes coins it deems spurious or otherwise unworthy, something traders value as indicative of the kind of homework going on behind the scenes.

Who Owns Cobinhood?

The exchange is still owned by co-founders Popo Chen and Wei-Ning Huang.

Cobinhood Operating Location

Although Taiwan and Hong Kong are often given as the operating location of Cobinhood, the reality is that the exchange is registered in the Cayman Islands, and has offices in all major countries targeted, mostly to facilitate user/exchange compliance. If the exchange has a home base, it has to be Taiwan.

Cobinhood’s Features, Benefits & Reputation

In a nutshell, Cobinhood is an exchange platform with good diversity on pairs, that also offers fiat acceptance, all with zero trading fees. It’s a free platform, although of course legacy banking fees and network mining fees are deducted. Both new and seasoned traders will find the site or mobile app intuitive and easy to use. Advanced traders have noted the absence of needed tools for their purpose, but the site is pitched as a broad offering for all comers, not a highly technical venue for extreme traders.

Trading facilities include market making, limit and stop orders. The platform has experienced little of the meteoric rise of peers like Coinbase and Poloniex, in spite of being the first of its kind to offer a zero-fee structure to users. Especially considering that up to 10x leverage margin trading comes with zero fees too, it remains a minor mystery as to why the exchange hasn’t experienced more massive and rapid growth.

Cobinhood can present as a highly attractive venue for newcomers and seasoned crypto enthusiasts alike as it derives income from the ICO underwriting services it performs. The company will list coins for trade, as well as initiate trading with an eye on managing an ICO’s liquidity. The company is wholly immersed in the blockchain universe, evaluating smart contract technology and other aspects of the technology as a business consultant.

The exchange runs a decent referral rewards program – the Cobinhood Candy Machine – where traders can score up to one BTC for their networking abilities. The exchange also hosts its native token COD, which affords traders special privileges, up to 50 percent off a margin trading loan’s interest and significant future discounts on underwritten ICOs.

Cobinhood KYC & AML Requirements

Although previously somewhat less visible, as volumes on the platform have risen so too has the exchange been forced to maintain benchmark levels of verification in order to meet KYC and AML requirements. Users will experience varying levels of verification, based on account type, which in turn comes with differing allowed usage levels.

Cobinhood Fiat Acceptance

The Cobinhood exchange accommodates fiat in the form of USD and EUR, but JPY and CAD. KRW, CNY, AUD, HKD, GBP and NTD are also welcome. As a bridge between the fiat and crypto worlds, Cobinhood is hard to beat for newcomers.

Cobinhood Trust Level

Trust levels on the exchange are high, and as a very transparent and technically savvy company, the project also discloses all on- and offline wallet addresses to effect public audit. Holdings are cold vaulted, secured with multisig wallet protocols consisting of 8 Hardware Security Modules (HSM). With a number of definitely next-level pleasantries inbuilt, the fact that Cobinhood insures all USD holdings on the exchange on an ongoing basis also speaks volumes for the company’s commitment to users’ security.

Cobinhood Customer Experience & Support

One area where only time can tell, is that of user support. Although relatively few complaints are visible at this stage and support seems good, any company rolling out over its first few years will begin to define support levels during this time. To be fair to Cobinhood, as the company has improved on many of the persistent nags of crypto trading, support is currently among the better experiences to be had.

Support on digital exchanges is typically appalling, with even modestly accomplished support standing tall above the rest. Cobinhood seems set to occupy the upper echelons on this aspect of virtual exchanges too.

Cobinhood Security History     

Cobinhood has barely a year under its belt, although it would be unfair to point to limited operational time as the reason for an unbreached security history. In spite of its relative anonymity, the exchange is at the forefront of digital exchange security, and makes much of its transparent and detailed security measures.

Cobinhood Listing Procedures

Listing of digital coins on the exchange is governed by company evaluation, although this is a far more dynamic exercise in the case of Cobinhood. As the company is closely aligned to the realm of ICOs and, indeed, actively derives income from it, listing is dynamic and copious, without further user input.

Cobinhood Conclusion

For many newcomers, Cobinhood is their first experience of digital exchanges and it remains to be seen what percentage ever leave. Fees have typically been the issue with traders, followed closely by technical and other support gripes. When seen against earlier offers more closely styled on legacy exchanges, at least to the extent of fee structures, the exchange holds many benefits for users.



Since its launch, Californian Coinbase has experienced steadily increasing adoption – and is now considered a model cryptocurrency exchange. Largely in line with a legacy exchange, Coinbase is a full-suite offering where traders can glean intel and trade digital coins, still remaining a portal accommodating fiat conversion to virtual currencies – especially appealing to novice traders.

Coinbase raised $117 million from venture capital partners to commence trading, while tentatively valued at a half a million USD at the time. As one of the first professionally presented wallet-exchanges, Coinbase has grown to resemble a bustling brokerage. In spite of its limited coin offer, the exchange has grown in leaps and bounds as it has targeted the leading digital currencies from the start.

P2P / Centralized Central
Function Trading, buy BTC
Established 2012
Volume $92 Million
Pairs 12
Owners Brian Armstrong, Fred Ehrsam
Locale USA
Fiat Yes
Trust Level 10/10
Support 7/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 1.49%+
Benefits Fiat, buY BTC
Reputation 9/10

Coinbase Establishment

Coinbase was established in June of 2012, making it an established exchange in the still-novel digital asset arena, with just over six years in operation.

Coinbase Trading Volumes

With daily volumes high, the company claims to be the biggest bitcoin exchange platform. A large yet well substantiated claim, the exchange’s 2017 was one of a select few whose revenues exceeded $1 billion. There remains a decided bitcoin bias, but this is becoming less a stance of the platform, but rather a simple reflection of world cryptocurrency dynamics as they currently stand. The exchange has a market capitalization of $152,579,44.

Number Of Coin Pairs On Coinbase

Twelve trading pairs only are offered by the Coinbase exchange. Bitcoin, ether, bitcoin cash and litecoin are the only digital assets traded on the platform.

Who Owns Coinbase?

The Coinbase exchange is owned by Brian Armstrong, who co-founded the company with Fred Ehrsam. Ehrsam is a former Goldman Sachs employee who has now left his position at the company, although he remains on the board. Other key players in the company’s makeup are Eric Scro, VP finance, CTO Balaji Srinivasan, Product Lead Steijn Pelle and the CEO of the new Japanese office, Nao Kitazawa.

Coinbase Operating Location

Coinbase is headquartered in San Francisco, California. The company has opened offices in Japan too, and theoretically caters for any global citizen – assuming they can meet the needed requirements for registration. Officially, the company accepts users from 32 countries around the world, with USD and EUR being the preferred fiat currencies accommodated by the platform.

Coinbase’s Features, Benefits & Reputation

The exchange’s principal function is facilitating trade between the top coin pairs. Equally as importantly, the exchange was modeled on legacy exchanges, and it successfully bridges the two worlds of fiat and virtual currencies.

Features of the exchange include an intuitive and professional interface, elegantly simple layout and swift transactions. Still mostly a venue for users to buy and sell bitcoin, the exchange also offers a user wallet by default, and has taken to storing the majority of funds in a cold vault facility.

Benefits to users include familiarity – a compelling component of the offer for legacy traders – simplicity and focus. Although the exchange doesn’t list a wide variety of digital currencies, it is a highly targeted and effective platform on which to execute bitcoin buying and trading.

Coinbase has enjoyed a sterling reputation since its launch. While some enthusiasts bemoan the Wall Street origins of founders as a perversion of virtual currencies by legacy banking interests, that pedigree has rubbed off onto the exchange, which presents as a professional and sophisticated platform. The company has enjoyed a persistently warm reception over the years, and its reputation as a trustworthy fintech outfit remains.

Coinbase KYC & AML Requirements

Coinbase is unfortunately, for those who value their anonymity, an exchange that conforms to local and international AML and KYC legislation, as with any legacy exchange. Users will need to supply identification documents and a raft of personal details in order to open an account on Coinbase.

Coinbase Fiat Acceptance

The Coinbase exchange allows users to buy into listed coins using fiat currency, via legacy payment protocols. Although many digital exchanges are strictly crypto-based, Coinbase enables newcomers and seasoned investors alike to buy digital coins using fiat currencies, and the exchange also allows users to transfer fiat or make direct deposits. Users paying from a wallet, from a legacy bank account or even employing credit cards are all accommodated on the exchange.

Coinbase Trust Level

Consumer trust in the exchange is high, and Coinbase has built up a strong level of trust towards the platform as a result of countless positive client interactions.

February 2018 saw a frenzy of surcharges on users employing credit cards to trade, something Coinbase laid at Visa’s door as a fault of that payment processor. In spite of this, mostly due to prompt and transparent resolution of this particular issue, trust levels remain high as the exchange continues to grow.

Coinbase Customer Experience & Support

Support on digital exchanges has been a sore point since their advent, and the one thing many exchanges seem not to get. That said, Coinbase is in the upper echelons of customer support, and response times are lethargic – almost an accolade in the cryptosphere – but adequate, and neither abysmal nor absent, as is the case on many other exchanges.

The exchange takes a professional approach to accommodating growth. Particularly after the US regulators had resolved their legislative inputs, the company went on a hiring spree to equip itself for an anticipated influx. Overall, user comments on their experience on the exchange are positive, although negative commentary abounds nonetheless.

Coinbase Security History     

The Coinbase platform has never been hacked, although users frequently fall victim to phishing scams. This is a common phenomenon in the cryptosphere, but the company has no control over user behavior beyond a certain point and is thus not liable for instances where users succumb to a phishing attempt.

Coinbase’s security reputation remains untarnished and the company has also taken to “cold vaulting” the majority holdings of the exchange to avoid serious loss, in the event of a successful hack.

The platform runs a “status” website that disseminates exchange intel in the form of snapshots. Aspects like the payment protocols and customer support are rated as operational or otherwise, and the information is constantly updated for users’ benefit.

Coinbase Listing Procedures

At present, no new coins are pending addition to the current Coinbase offering, although the company is constantly reviewing potential additions as prompted by users and market dynamics.

An “internal asset selection committee” employs what the company calls a “Digital Asset Framework” to make recommendations on new listings. A legal and risk assessment is conducted on a prospective altcoin and, if it passes, the process of formal listing begins.

Users will notice public-facing APIs among other signs that a new asset is being listed. This is still no guarantee of listing, however, as the committee still evaluates other metrics such as price stability and liquidity before making a final decision.

Coinbase Conclusion

From the start, Coinbase avoided trying to be all things to all people, while also kicking off with legacy-level professionalism and expectations. This approach has allowed the exchange to hit something of a sweet spot with enthusiasts, and although the offered coins remain few, the limited focus and professional rendering and operation of the exchange has seen it become one of the largest digital exchanges in the world.

In appraisal, a professional exchange backed by reputable investors, Coinbase’s claim of being the “world’s largest Bitcoin broker,” remains valid, no matter that competition is tight in the upper echelons. The exchange offers multisig security and although fees are a constant source of user complaint on any exchange, Coinbase remains competitive, if not the cheapest route to digital trading.


Coinbase Pro (GDAX)

Newcomers can be forgiven mild alarm when googling GDAX, as the exchange has always been more an offshoot of Coinbase and has also undergone a recent name change. The GDAX exchange is theoretically non-existent, having been rebranded as Coinbase Pro, an exchange geared towards institutional and other dedicated investors and traders. Indeed, GDAX no longer officially exists, but the cryptocommunity is taking a while to shed the moniker.

Aimed at advanced traders and institutional investors, GDAX has recently taken on a custody partner in securities firm and broker, Electronic Transaction Clearing. Although essentially a third party, Coinbase’s association with the money handler has raised some eyebrows, as ETC has previously been outed and reprimanded for completely reckless behavior with investors’ funds in the legacy arena. That said, the partnership does show GDAX’s drive to secure institutional interest in crypto markets.

The GDAX exchange allows fiat entrants, yet is still more geared towards existing crypto users and traders. Carrying the parent company focus on bitcoin, GDAX presumes an understanding and holding of bitcoin, although it’s not essential, as the site is welcoming towards even those institutional investors who are wholly new to the cryptosphere. Although individuals can trade on Coinbase Pro, there is little incentive as the Coinbase site is geared towards retail investors far more than the GDAX platform. Coinbase traders can swap platforms easily and can enjoy lower fees on GDAX, however.

P2P / Centralized Central
Function Trading
Established 2012
Volume $90 Million
Pairs 12
Owners Brian Armstrong, Fred Ehrsam
Locale USA
Fiat Yes
Trust Level 10/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0 – 0.3%
Benefits Corporate, custody
Reputation 9/10

GDAX Establishment

GDAX was founded in June of 2012 by Fred Ersham and Brian Armstrong. Celebrity developer Ben Reeves was originally also a part of the founding team, but left the exchange over differences in wallet design with Armstrong.

Coinbase announced during early 2018 that it is “shutting down” the GDAX exchange, only to rebrand it as Coinbase Pro. At this stage, it remains extremely confusing for newcomers to make sense out of years of incestuous spinning-off and remodeling of various aspects of the Coinbase offer. That said, by the end of 2018, the GDAX name will likely have passed into the annals of history and out of popular use.

Coinbase Pro Trading Volumes

The Coinbase Pro platform was a busy exchange from the word go, sharing Coinbase’s swift rise to become a default fiat/crypto entry point for Americans and other global users.

As it is currently bait in the water for onboarding far higher numbers of institutional investors, it’s difficult to say whether or not Coinbase Pro does in fact experience “high volumes.” Suffice to say that patronage of Coinbase, which has been extremely positive and direct, has repeated itself on the exchange. Coinbase Pro has a market cap of $211,348,974.

Number Of Coin Pairs On Coinbase Pro

There are essentially 12 coin pairs offered on the Coinbase Pro exchange, and from being a very fixed and limited offer on digital coins, there are current moves afoot to add a number of other digital coins to the offered range. The platform is geared towards institutional traders loading high volumes, but at this stage of the nascent asset class, “high volumes” is a relative description.

Who Owns Coinbase Pro?

The Coinbase Pro exchange is still under the same ownership as the Coinbase exchange, with Brian Armstrong still retaining ownership and acting as current CEO.

Coinbase Pro’s Features, Benefits & Reputation

The Coinbase Pro exchange offers traders professional tools of trade, and the UI on Coinbase Pro has been re-engineered to make it more professional, intuitive and welcoming for corporate players. Charts, histories, real-time order books and an elementary order process are all benefits designed to attract big traders. With bitcoin margin trading and a rousing coin offering, institutional investors typically feel at home on the platform.

Although custody services are seen as key to enticing institutions onto digital exchanges, it remains to be seen whether the rather cowboyish ETC will perform to traders’ satisfaction in partnership with Coinbase Pro.

Stop orders, limit orders and general market orders are all easy tools employed on Coinbase Pro, and particularly the margin trading with leverage of 2x or 3x holds strong appeal for bigger traders. Interestingly, a user can still log into their Coinbase account and go straight over to the Coinbase Pro platform and trade while paying lower fees.

In a nutshell, fees on Coinbase Pro sit at 0.0 – 0.3 percent, with various fee structures applying to various movements. Overall, however, the exchange doesn’t punish entrants for fiat employment and in fact presents as one of the simpler and more easily understood fee structures to be found on a digital exchange.

Coinbase Pro KYC & AML Requirements

If anything, Coinbase Pro leads the field in applying KYC and AML to the cryptosphere. Not only has the exchange always been a verification-needed platform, but with the advent of an institutional pitch, Coinbase Pro will need to have its house completely in order to accommodate new entrants.

Because of the fiat transactability and the employment of legacy payment protocols enabled on the site, KYC and AML legislation is fully accommodated, although the company does try to streamline things for all new accounts. Users will have to submit authentic documents to undergo verification before accounts are able to trade with any real meaning.

A small murmur ensued some two years back when Coinbase included looking at people’s LinkedIn profiles as a component of verification. Legacy industry players, however, pointed out that these protocols have long been entrenched in traditional fintech arenas, and that users should rather value extensive verification than spurn it.

Coinbase Pro Fiat Acceptance

Since Coinbase Pro emulates the Coinbase model, and Coinbase is known to be a fiat/crypto bridge, the prime fiats of the world are welcome on the Coinbase Pro exchange. USD and EUR are accepted fiats, while bitcoin, ethereum and litecoin are the principal digital assets paired and traded.

Users can employ a host of legacy payment protocols to fund their accounts, and the ease of exchange between fiat and nominated cryptos enabled by the platform is another essential consideration for institutional investors.

Coinbase Pro Trust Level

Very much as Coinbase has enjoyed minor celebrity status since launch, Coinbase Pro has also attracted the same kind of positive press. Trust levels are high – among the highest, in fact, at least among US citizens – and a touch of neighboring Hollywood seems to have rubbed off on the stable, as reports are typically positive, while the exchange is unofficially looked to for bench marking on a number of issues by industry players.

Coinbase Pro Customer Experience & Support

One of Coinbase Pro’s only flaws is poor support, manifested as a carry-over from Coinbase, where support is fair to shocking at times too. That said, being a platform aimed at institutional traders, it remains to be seen whether support at the exchange perhaps even becomes a new standard for the industry, as institutional investors accept far less in the way of shoddy service.

If Coinbase Pro intends on making a meal out of becoming the default institutional crypto exchange, it will need to ensure that support levels improve from the current Coinbase structure.

The reason optimists hope for this reality to unfold is that, currently, Coinbase Pro is one of very few exchanges worldwide offering custody services, and it is hoped the corporate demands and experience of the site will filter down and raise service levels on exchanges overall.

Some typical complaints about Coinbase Pro can be seen in chat rooms, with issues such as tardy responses and phishing losses being the two most poignant.

Coinbase Pro Security History     

The Coinbase Pro exchange has never been successfully breached, and no hack has ever seen money stolen or funds lost or corrupted. There was a minor incident in February 2018, where it appears many users who funded their accounts with credit cards were re-billed several times. Coinbase Pro laid this squarely at Visa’s door, blaming the payment solution provider for the confusion.

It remains true to date to say that the exchange has never been breached. If anything, again Coinbase and thus Coinbase Pro are at the forefront of security maintenance and enhancement.

Coinbase Pro Listing Procedures

In spite of the current buzz around coin additions, the Coinbase Pro exchange has been known as a limited offer like Coinbase, but that seems set to change, as Coinbase primes Coinbase Pro to accommodate institutional sentiment.

With that said, coin listing is done as an internal protocol and the exchange is not much open to user suggestions on the issue, although the company watches market movement to signal potentially worthwhile digital asset additions.

Coinbase Pro Conclusion

Now that Coinbase consistently ranks as one of the top bitcoin exchanges by volume, the company has the opportunity to attempt the same value offer in the institutional realm. For Coinbase Pro, these are essentially still early days, when looking at potential institutional investment as opposed to visible institutional trading in the present day.

The exchange has built up a loyal yet still latent following and is now much akin to ATMs, in the American psyche at least. They are simply there and an accepted, entrenched and dynamic component of digital asset trading.



CoinBene is a Singapore-based cryptocurrency exchange currently sitting as one of the top 15 crypto exchanges worldwide by 24 hour trading volume. Founded in 2017, CoinBene has grown to popularity with its competitive trading fees, diverse selection of trading pairs, and other advantages. CoinBene is also available to users around the world. And, since no fiat currency deposits, withdrawals, or trades are accepted, there’s limited regulatory oversight or controls, although CoinBene does require users to complete KYC/AML verification prior to withdrawing money.

CoinBene is also known for its own token called the Coni (CONI). Launched in June 2018, The CoinBene Token functions like a dividend stock and utility token rolled into one: Coni token holders receive 40% of trading fees per month as a profit sharing reward for holding the token, and they also get a 70% discount on trading fees. You make money by just holding the token and you save money when trading it.

CoinBene is available to users around the world, with full translations of the website available in English, Chinese, and Vietnamese. Additionally, 24/7 customer support is available in Chinese, English, Korean, Japanese, Portuguese, Spanish, Vietnamese, and other languages.

P2P / Centralized Centralized
Function Trading
Established 2017
Volume $520 Million
Pairs 190+
Owners CoinBene (Privately Owned)
Locale Singapore
Fiat No
Trust Level 5/10
Support 8/10
Security History 90%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.03 – 0.1%
Benefits Cheap, crypto-to-crypto trading across 200 crypto pairs with an easy-to-use UI
Reputation 5/10

CoinBene Establishment

CoinBene, like many other minimally-regulated exchanges available today, provides little transparency about its background, its management team, and other information. We know that the exchange was founded in 2017. We also know that the exchange appears to be led by CEO Zhang Yang Bing. Zhang Yang Bing has a controversial past. As we reported last year, Zhang Ying Bing has been allegedly linked to pump and dump schemes involving the CONI token, sexual harassment claims, and various instances of fraud or malicious business practices. CoinBene appears to be headquartered in a building called The Adelphi at 1 Coleman Street in Singapore. CoinBene also claims to have offices in Latin America, Europe, the United States, and Southeast Asia, although we only know the specific location of the company headquarters in Singapore. Additionally, most CoinBene employees on LinkedIn are from Beijing, so it appears that CoinBene has a significant presence in the Chinese capital.

CoinBene Trading Volumes

CoinBene is one of the world’s largest cryptocurrency exchanges by trading volume. As of March 2019, CoinBene sits just outside the top 10 crypto exchanges worldwide by trading volume, typically ranking between #11 and #17 in worldwide exchange rankings. Every 24 hours, approximately $520 million in crypto is traded on the exchange, more than well-established competitors like Huobi and OKEx. 75% of current trading volume on the exchange is in the BTC/USDT pair. CoinBene is also one of the best exchanges for trading Litecoin (LTC), with strong trading volume in pairs like LTC/USDT and LTC/BTC. Overall, all major cryptocurrencies are available for trading on CoinBene.

Number of Coin Pairs on CoinBene

CoinBene lists a total of 195 cryptocurrency trading pairs as of March 2019. You’ll find major cryptocurrencies like BTC, LTC, EOS, ETH, ETC, XRP, NEO, and XLM, for example. You’ll also see more obscure altcoins that aren’t as well known. CoinBene is also one of the few places where you can trade the exchange’s native Coni (CONI) token using pairs like CONI/USDT and CONI/ETH. CoinBene lists multiple Tether (USDT) pairs along with other stablecoins like PAX and GUSD.

Who Owns CoinBene?

It’s unclear who owns CoinBene or who has invested in the company. Like many other cryptocurrency exchanges, this information is not transparently disclosed. As far as we can tell, however, CoinBene is a privately owned company. Certain executives are listed on the CoinBene LinkedIn page, although it’s still unclear who owns the company.

CoinBene Features, Benefits, & Reputation

CoinBene has risen to popularity for the same reason that Bibox, Binance, and other crypto exchanges have risen in popularity: it offers affordable crypto-to-crypto trading. One of the things that may be holding CoinBene back from Bibox and Binance is that CoinBene requires KYC/AML verification, something that the other exchanges do not require for all customers. Nevertheless, this KYC/AML verification gives CoinBene a slightly better level of legitimacy than some of its competitors, although there’s still a significant lack of transparency regarding any aspect of CoinBene’s operations.

One of the unique things about CoinBene is the Coni (CONI) token. Launched in June 2018, the Coni token allows users to share 40% of the profits collected from trading fees on the exchange. Additionally, users can pay trading fees using the Coni token to earn a 70% discount on trading fees. The coin is similar to a dividend stock or share: the coin is expected to increase in value as usage of the platform rises, and users benefit in the success of CoinBene as it continues to grow over time.

Trading fees are very competitive on CoinBene. Crypto-to-crypto exchanges seem to have settled on a fee of 0.1% as being fair. CoinBene charges 0.1% trading fees on all pairs, with discounts of 70% available when paying with Coni tokens (dropping fees to 0.03%).

CoinBene KYC & AML Requirements

Surprisingly, CoinBene is one of the few crypto-to-crypto exchanges that requires KYC/AML verification. You’ll need to complete KYC verification before withdrawing crypto from CoinBene, which means you need to send a photo of your government-issued photo ID to the exchange. You will also need to provide a confirmed email address.

CoinBene Fiat Acceptance

CoinBene does not accept any fiat currency. There are no fiat currency deposits, withdrawals, or trades available on CoinBene. There are, however, multiple Tether (USDT), Gemini Dollar (GUSD), and Paxos Standard Token (PAX) pairs listed.

CoinBene Trust Level

CoinBene has a slightly better level of trust than competitors like Bibox and Binance for two reasons: first, the company discloses its real headquarters in Singapore; and second, because CoinBene requires at least some level of KYC/AML verification in order to make any withdrawals. Beyond these two reasons, however, there’s limited transparency about how CoinBene works, who’s running the company, and what their background is. The CEO of CoinBene, Zhang Yang Bing, has also become embroiled in some apparent scandals over the last two years, including pump and dump schemes involving the CONI token.

CoinBene Customer Experience & Support

Users seem to have an average experience with CoinBene customer support. You can contact support at any time via email at [email protected] However, customers often complain about slow response times and poor English-language responses to support requests. There’s also no support phone number, although CoinBene does post QR codes for its Telegram and WeChat support lines on its homepage. Support is also available through major social media networks like Twitter and Weibo.

CoinBene Security History

CoinBene has never suffered a major publicly-disclosed hack. As far as we know, CoinBene has a clean security history with no major losses of customer funds or other issues.

CoinBene Listing Procedures

CoinBene seems to have open listing procedures. Nearly 200 trading pairs are available on CoinBene, and CoinBene does not outline a specific coin listing policy, nor does it seem to have strict quality control requirements for which coins it lists.

CoinBene Conclusion

CoinBene is an exchange with many similarities to Binance, Bibox, and other rapidly-rising exchanges that launched after China’s clampdown in 2017. CoinBene offers competitive trading fees of 0.1%, with discounts available to users who use native Coni (CONI) token. The CONI token also allows users to engage in profit sharing with the exchange, earning a share of trading fees collected by the exchange. Other advantages of CoinBene include an easy-to-use user interface, multi-language support in Chinese, English, and Vietnamese, and strong trading volume across many major cryptocurrencies.

Nevertheless, CoinBene is held back by a few crucial problems. The platform has limited transparency about its operations, for example. The CEO appears to have a problematic past. We know little about who owns the company, who founded it, and who’s currently running it. Customers also complain about long waits for customer support as well as poor responses to English-language support requests.

Overall, CoinBene is a major exchange with strong trading volume that works best for Chinese and Vietnamese traders interested in trading cryptocurrencies in a lax regulatory environment with minimal trading fees. As CoinBene has grown over the years, it has shown signs of increasing its legitimacy and reputation. However, more transparency is needed before CoinBene can compete with some of its larger, better-regulated competitors.



Coincheck claims to be the easiest way to buy and sell bitcoin and other cryptocurrencies. The Tokyo-based exchange is one of Japan’s most popular trading platforms. It was launched in 2014 just as users were fleeing Mt. Gox, another Japanese crypto exchange. In 2018, Coincheck suffered one of the worst cryptocurrency hacks in crypto history when hackers stole over $530 million worth of NEM. Despite this well-publicized hack, however, Coincheck continues to have strong trading volume. Users are returning to the platform after fleeing it throughout 2018. In addition, the Japanese FSA has agreed to license the exchange in 2019, allowing Coincheck to join the ranks of other licensed Japanese cryptocurrency exchanges. Today, Coincheck continues to offer crypto trading, Japanese Yen support, and bitcoin lending, among other services. It also charges 0% fees for trades.

P2P / Centralized Centralized
Function Trading
Established 2014
Volume $15 Million USD
Pairs 10
Owners Monex Group
Locale Tokyo Japan
Fiat Yes
Trust Level 8/10
Support 8/10
Security History 80%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0% (for standard trading) or 0.04% to 0.05% for swap trading
Benefits Easy, trusted way to trade Japanese Yen for crypto with zero fees
Reputation 8/10

Coincheck Establishment

Coincheck was founded in August 2014 in Tokyo, Japan by Koichiro Wada and Yusuke Otsuka. The company behind Coincheck was originally called ResuPress, Inc. (founded in 2012), although the company would later rebrand to Coincheck. The exchange quickly grew to become one of Japan’s largest and most popular bitcoin exchanges. In August 2016, the exchange had over $160 million in transactions per month. Coincheck also grew to become more than just a bitcoin exchange: the company also processed crypto payments for 2200 merchants by 2016. In March 2016, Coincheck signed an agreement with Japanese entertainment giant to allow DMM’s 19 million users to use Coincheck’s bitcoin payment processing system. Coincheck has added about 10 other cryptocurrencies over the years. Today, trading volume continues to be strong, although Coincheck suffered one of the crypto industry’s worst hacks in January 2018 when over $500 million of NEM tokens were stolen from the exchange.

Coincheck Trading Volumes

Coincheck’s 24 hour trading volume typically sits between $5 and $15 million. The majority of that trading volume takes place in the Japanese Yen / bitcoin pair. However, Coincheck also has decent liquidity in other JPY denominated pairs, including an ETH/JPY and ETH/BTC pair. In 2017, Coincheck was the number one exchange in Japan by bitcoin trading volume according to After the hacking attack in January 2018, however, many users left the exchange for other Japanese exchanges.

Number of Coin Pairs on Coincheck

Coincheck has a small number of coin pairs, choosing to focus on major cryptocurrencies instead of listing all types of tokens. The most popular pairs on Coincheck include the BTC/JPY, ETH/JPY, and BTC/ETH pairs. However, Coincheck also lists tokens like ETC, LSK, FCT, XRP, XEM, LTC, and BCH on its platform.

Who Owns Coincheck?

Coincheck was launched by a company called ResuPress, Inc. in August 2014. That company later rebranded itself to Coincheck, Inc. In April 2018, Coincheck was acquired by Monex Group for 3.6 billion Yen. Monex Group is a Japanese financial services company known best for its online securities trading.

Coincheck Features, Benefits, & Reputation

Coincheck has all of the basic features of an ordinary cryptocurrency exchange. You can deposit Japanese Yen using a bank transfer and other deposit methods. Then, you can trade that Japanese Yen directly for ETH, BTC, and other cryptocurrencies. Coincheck is one of Japan’s largest and highest-volume exchanges, making it one of the best places to swap your Japanese Yen for cryptocurrency.

Other benefits of using Coincheck include the ability to lend or borrow cryptocurrency. Borrowers will pay an interest rate of 0.05% per day. Coincheck also operates a payment platform for merchants, allowing merchants to accept bitcoin and other cryptocurrencies.

In terms of fees, Coincheck also has a surprisingly competitive fee structure. You’ll pay a flat rate transfer fee when depositing cryptocurrency or JPY into the exchange (0.001 BTC or 756 JPY), for example. For trading, however, Coincheck currently doesn’t charge any fees for makers or takers: trading on the platform is free. If you’re engaging in swap trading, then you’ll pay a fee of 0.04% (on long positions) and 0.05% (on short positions). Ordinary trading, however, is free.

Coincheck KYC & AML Requirements

Coincheck did not originally require KYC and AML verification prior to trading on the platform. However, Coincheck implemented a strict KYC process after the January 2018 hacking attack. When new user registration opened up for the first time after the hacking attack in October 2018, Coincheck began requiring a strict KYC process. The process is required in order to receive licensing from the Japanese Financial Services Agency (FSA). Moving forward, Coincheck requires all users to complete KYC/AML verification.

Coincheck Fiat Acceptance

Coincheck handles Japanese Yen and offers multiple Japanese Yen trading pairs. It’s one of the biggest and best exchanges for Japanese Yen and bitcoin or Ethereum pairs. You can deposit JPY directly into the exchange. You can also withdraw Japanese Yen. You can even borrow JPY by using bitcoin as collateral.

Coincheck Trust Level

Coincheck had a great reputation all the way up until January 2018. Today, over a year after the infamous hack, Coincheck is gaining back its reputation. The exchange is about to be licensed by Japan’s Financial Services Agency. Coincheck is transparent with its company information, including the location of the company and the names of people running it. Overall, aside from one (serious) blemish, Coincheck has a strong trust level.

Coincheck Customer Experience & Support

Coincheck has strong customer service and support. The interface is well-designed and works similar to other cryptocurrency exchanges. Users also have access to multiple Coincheck applications, making it easy to access the exchange on any device. Whether you’re a beginner trader or intermediate, you should have no trouble using Coincheck to buy and sell cryptocurrencies. Coincheck also has bonus features like a co-branded debit card. You can top up your debit card through Coincheck and spend it at online or offline merchants.

In terms of Coincheck customer support, support is available online by filing a support ticket. There are mixed reviews online in terms of Coincheck’s customer support system, although most users seem satisfied overall.

Coincheck Security History

Coincheck had a strong security history right up until January 2018. In January 2018, Coincheck suffered one of the biggest hacks in cryptocurrency history when it lost over $500 million worth of NEM tokens. The attack took place on January 26, 2018. To date, it’s the largest hack ever recorded in the crypto world. Unidentified hackers were able to penetrate Coincheck’s hot wallet defenses and steal $530 million of XEM coins. Trading was suspended after the incident, as were new user registrations.

Aside from this serious blemish, Coincheck uses strong security procedures throughout its exchange. The company offers two factor authentication, for example, and requires all users to complete KYC/AML verification. Coincheck also uses cold storage technology to store most of its virtual currencies.

Coincheck Listing Procedures

Coincheck only lists a small number of coins on its exchange. The exchange appears to be focusing on a smaller number of high-volume cryptocurrencies and fiat currencies instead of a large number of obscure cryptocurrencies. It’s unclear what type of listing procedures Coincheck has. However, the company’s pairs include the largest cryptocurrencies by market cap with a handful of JPY denominated pairs as well.

Coincheck Conclusion

If you ignore the January 26, 2018 incident, then Coincheck is one of the best and most reputable exchanges in the space. Of course, it’s hard to ignore an incident where over $500 million was stolen from the exchange. It was the largest hack in crypto history to date. Despite this hack, Coincheck appears to have strong security procedures in place today. Most funds are stored in cold wallets. The exchange is preparing to receive a license from Japan’s FSA. Users are returning to the platform. Today, Coincheck works great for those interested in trading Japanese Yen for major cryptocurrencies. Users can also access leveraged trading, bitcoin lending, debit cards, and mobile apps. The 0% fee trading is also a huge benefit. Aside from small withdrawal and deposit fees, you’ll pay no fees when trading on Coincheck. Overall, Tokyo-based Coincheck is one of Japan’s leading cryptocurrency exchanges.



In the ever-growing cryptosphere, digital exchanges have proliferated to address users’ needs to buy and trade cryptocurrencies. While some exchanges emerged several years ago, others are relatively new.

Far from being young upstarts, however, many of the later exchanges have ironed out security and other issues, and in fact still capitalize on others’ historical mistakes in order to present a new level of service. Very much a product of the bitcoin mania of December 2017, CoinEx has found favor among Asian enthusiasts in particular – as a great, crypto-centric exchange on which to transact.

Although the coin pairs offered are more prolific, CoinEx has structured things in a similar manner to peers such as Coinbase. A limited pair offering focused on bitcoin cash, bitcoin and a few liquid altcoins emulate the value offering of others, although CoinEx then goes on to add a host of other digital coins.

Additionally, a fundamental difference between CoinEx and Coinbase, for instance, is that CoinEx doesn’t allow for fiat entrants to the exchange. Users will need to have a crypto wallet with available funds in order to trade on the platform. Virtual currencies are mostly traded against BTH, BTC, USDT (the closest CoinEx comes to “fiat,” as USDT is a pegged or backed digital currency), and ETH.

The exchange also sports a native currency, CET (for CoinEx token) and indeed all fees are calculated in CET. The native token can be traded against all major currencies listed. A total of 1,155,833,000 CET was distributed or airdropped free of charge to CoinEx users, and a 50 percent allocation of the total coin issue is employed for the purposes of fees. An annual release of some 20 percent of additional tokens will also be staged for the next four years. The platform has found favor with experienced day traders and novices alike, as it is extremely intuitive and user-friendly.

P2P / Centralized Central
Function Trading, buy BTC
Established 2017
Volume $220 Million
Pairs 100
Owners Yang Haipo
Locale Hong Kong
Fiat No
Trust Level 10/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements No
Fees 0 – 0.1%
Benefits Fiat, Buy BTC
Reputation 10/10

CoinEx Establishment

The CoinEx exchange was established in 2017 and, although essentially a Chinese company, the founders suffered the same ban on cryptocurrencies as any other Chinese citizen, and the digital exchange operates from Hong King Island.

CoinEx Trading Volumes

From a real startup only months old, CoinEx is posting some startling figures for such a young digital exchange. CoinEx’s daily trade volumes sit around $1.46 billion, some 225,487 BTC. This actually places it above Binance and many other far more established big hitters in the digital exchange arena. The company has a market cap of $572,444,614.

Number Of Coin Pairs On CoinEx

There are 100 coin pairs offered on the CoinEx platform. Although weighted in favor of BTC, BTH and USDT – and also to some extent ETH – the platform follows a model of carefully selected and somewhat limited coin pair offerings. It is neither a very narrow exchange nor a free-for-all where anything crypto is listed willy-nilly. Most loyal users value the OTC facility of the exchange, and have found sufficient depth and variety in the offered coin pairs on CoinEx to satisfy their trading needs.

Who Owns CoinEx?

The ViaBTC founder Yang Haipo also founded the CoinEx exchange. Although most users might not be aware of it, Yang’s drive stems from an insistence on upholding the original Bitcoin ethos, something he insists is maintained in Bitcoin Cash, unlike the original that Yang feels has been corrupted into a digital asset, unable to perform as a currency under current circumstances.

Although Yang suffered criticism for his embracing of BTH, a forked coin widely seen as essentially controlled by Bitmain, the last few months have vindicated his stance and the digital exchange keeps growing user numbers.

CoinEx Operating Location

The parent company and essentially the same company, Coinex Technology Limited, appears registered in the UK and is based in Hong Kong. Yang’s previous exchange, ViaBTC, Succumbed to the Chinese regime’s clampdown on crypto, and gave birth to the now-flourishing CoinEx.

CoinEx’s Features, Benefits & Reputation

There are detailed charts on the platform that give seasoned traders the intel they need to trade. Highly specialized or focused traders might find the platform limited for their purposes, but as a digital coin exchange platform, CoinEx is hard to beat. Market directions and possible wins are outlined in charting detail for advanced traders, while newcomers enjoy single-click navigation through a host of coin pairs. CoinEx charges market takers a 0.10 percent fee, but market makers incur zero fees.

There is no leverage available on the CoinEx platform, as is typical with many crypto-crypto exchanges, where a simple offer of coin swapping predominates.

CoinEx KYC & AML Requirements

The exchange is far from those who need all documentation and then some to trade on a platform. CoinEx allows users to register with an email address only and subsequent verification is minimal. As exchanges come to terms with both the global usage potential and global AML and KYC legislation, this might change in the short term.

CoinEx Fiat Acceptance

The CoinEx exchange doesn’t accommodate fiat currencies, and users will have to come with a loaded wallet in order to trade on the exchange.

CoinEx Trust Level

Users are remarkably enthusiastic about the exchange, although the usual user complaints that follow digital exchanges around are not absent here either. It is extremely difficult not to slander differing entities when looking at the exchange’s security history, as there has been another exchange, founded circa 2014, that suffered wholesale theft.

Unfortunately, the current CoinEx exchange has very recent reports of blatant manipulation or hacking of accounts on the platform too. That said, these are the usual results of phishing attacks over which the exchange has no control. Indeed, if anything, in a number of cases where users have copied and pasted their interaction with CoinEx support, it appears that the exchange sports better-than-average security support, in comparison to other entities, a possible reason for the current buoyant trust in the company.

CoinEx Customer Experience & Support

Although young, CoinEx has been dedicated to support issues, as is typical with digital exchanges, support is still not on a par with legacy banking, for example. Users who patronize the exchange tend to be loyal and it has to be said that a dedicated crypto exchange focused on a hundred or so digital coin pairs will find a sweet spot among millions of crypto enthusiasts the world over. The exchange currently ranks high among its peers for support service, but it remains to be seen what kind of profile the platform generates in the following years.

CoinEx Security History

The CoinEx exchange has never been successfully hacked. Probably as a result of its emergence at a time where security and fiduciary duties were top of everyone’s agenda, the exchange makes much of its security protocols.

CoinEx sports what it calls “Full Dimension Protection” as a security system. In a nutshell, security on the exchange is watertight in terms of inbuilt platform security protocols, much like many other newer exchanges.

CoinEx Listing Procedures

Although very communicative and transparent, it does appear that coin listing is done as an in-house and closed affair, without much user input. Coins are listed based on anticipated or current market performance and the range of offered pairs is also never substantially reduced.

CoinEx Conclusion

The CoinEx exchange is an extremely young yet technically and support-savvy construct, that has experienced rapid growth since its launch. Although still in the early days of establishing a user base and sorting through teething problems as they arise, the exchange’s point of departure has been smart and well thought out.

For such a young digital exchange, volumes indicate that the platform has clearly got something or a few things right, and it remains to be seen whether the company can capitalize on current enthusiasm and good will to end up occupying one of the top spots among exchanges in the future.



A prolific coin lister, CoinExchange is both hailed as a brilliant site by users who have had nothing but joy there, and condemned as a suspicious concern with extremely lousy service by others.

Any user seeking a giant coin range should look no further than CoinExchange. With that being said, the range appears to come with a ton of baggage and perpetual mystery.

It seems no one knows where the exchange is registered or located, nor who exactly owns and runs it. While anonymity is synonymous with cryptocurrencies, and rightly so, this cannot extend to exchanges and other money handlers.

Essentially a Wild West penny stock bazaar – or a digital version thereof – the company is one of those that bizarrely accrue amazingly positive reviews, with many users loyal to the platform based on their UX and transaction history. Bizarre, as it is also known as a pump and dump pariah, to be avoided at all costs, with service that borders on criminal.

Both user experiences are legitimate, as testified by many online. It seems that the fundamental drive behind the exchange will only be revealed over time, if at all. The facts remain that it is a prolific, crypto-exclusive exchange, at least in terms of listing any new altcoin that comes along.

With such a model, the propensity for pump and dumps is pronounced, and the exchange is either very brave or worryingly reckless on the issue. Innumerable complaints litter chat rooms, pointing out how users have been primed to buy junk from the exchange.

To be fair to the exchange, a willingness to list new altcoins means that there have to be some failures and losses. It is a money exchange, after all, and no one can beat the market all the time. The unfortunate absence of any faces, listed places or any real-time contact information anywhere about the project, added to the model’s fallout, does however make the exchange a joke for most serious traders.

P2P / Centralized Central
Function Trading
Established ?
Volume $1 Million
Pairs 428
Owners ?
Locale ?
Fiat No
Trust Level 2/10
Support 1/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements No
Fees 0.15%
Benefits Diversity, trading, anonymity
Reputation 2/10

CoinExchange Establishment

It’s unclear when exactly CoinExchange was launched, by whom and in what country of the world. Rumors of Austria or Romania now seem to be online urban legends, and the reality remains that no one really has any of these details about the exchange.

CoinExchange Trading Volumes

The exchange’s daily volumes sit around $778,124.

Number of coin pairs on CoinExchange

CoinMarketCap currently lists the available pairs on CoinExchange as 428.

Who Owns CoinExchange?

There remains zero intel on the exchange’s ownership or management.

CoinExchange Operating Location

CoinExchange is either a fiercely dedicated crypto-anonymity practitioner or has far more dubious reasons behind their invisibility. No available operating details can be found for the company.

CoinExchange’s Features, Benefits & Reputation

It’s difficult to list CoinExchange’s benefits when the company remains a fiction on paper. It is furthermore almost unique within the industry that an exchange with such dark behavior also enjoys such unreservedly positive commendations from so many users.

At face value, the exchange is most popular for granting users access to a huge variety of altcoins. Bitcoin and ether predominate, but there are possibly more coins listed on CoinExchange than almost any other currently operating. This, and the abject lack of any KYC and AML considerations on the exchange, are the two biggest benefits for those who use the site.

Fees are pegged at 0.15 percent for all users, plus the current miner’s fee.

The exchange has a two-camp following. One loves the site and considers it the epitome of digital asset speculation. Others ridicule it as a drain on the cryptosphere, happily fleecing users while a few get rich, before any other consideration.

CoinExchange KYC & AML Requirements

There are no AML or KYC protocols to follow on the exchange. Come in. Trade. Log out. Even loyal users tend to accept that funds are best not left on the exchange, but stored in a personal wallet.

CoinExchange Fiat Acceptance

The CoinExchange doesn’t allow for any fiat transactions. The platform is all strictly cryptocurrencies, and no fiat deposits via credit card or wire transfer are possible.

CoinExchange Trust Level

It’s again difficult to average out a trust rating for an exchange that has such fierce opinions on both sides. On the whole, however, it has to be noted that the exchange exhibits several aspects that have proven red flags for danger to consumers.

All over the world, since the advent of digital exchanges, certain traits have predominantly meant bad news ahead. Whether users can interpret this differently and make a peaceable sense out of using the exchange really comes down to personal bias or conviction. Along conventional lines, the exchange remains a no-go area for the average trader.

CoinExchange Customer Experience & Support

Far from transparent, this exchange is positively hooded. Not surprisingly, support is on average appalling. More worrying is the numerous complaints of hacks with 2FA in play, as well as funds never arriving. This last could well be a product of so-called sh*tcoins falling out of the system while still in trade.

CoinExchange Security History

Although a buggy and hack-associated experience awaits users, whether the association of the exchange with user allegations of numerous minor hacks is valid remains to be seen. Officially, the CoinExchange has never been hacked, yet some users still insist that even though their protocols were tight, they were hacked.

CoinExchange Listing Procedures

Although rampantly informed by its users, the exchange is actually a more avid lister of tokens. Management makes the final call on what gets added to the offering, although many hundreds of coins abound on the platform already.

CoinExchange Conclusion

On the whole, it remains difficult to understand the intentions of the exchange, especially when there are such diverse opinions about it. A newcomer might well consider the exchange something of a holy grail, with hundreds of pairs listed and the idealized zipping in and out before regulators mess everything up. Others have a far more typical and thus cautious approach towards digital currency, and view the exchange as a toxic wasteland.

The exchange not having addressed the prospect of pump and dumps to better shield users from loss, speaks volumes. While it may be that the platform is run by diehard crypto nuts that are insisting on the anonymity and fast ease they were promised, it might as likely simply be a slipshod and reckless exchange.

It remains to be seen whether the exchange ever self-identifies, and also whether they can remain so completely free of identification and the implementation of increased KYC protocols going forward.



Coinfloor is a London, UK-based cryptocurrency exchange launched all the way back in 2013, making it the UK’s oldest bitcoin exchange. Today, Coinfloor is a small player compared to other major cryptocurrency exchanges. As of January 2019, Coinfloor handles about $600,000 USD of trading volume per 24 hour trading period. However, a significant amount of Coinfloor’s trading activity occurs off the orderbooks in the form of OTC trading. The exchange is best-known for its BTC/GBP pair, which currently accounts for over 90% of trading volume on the platform. UK-based users who wish to buy bitcoin can transfer money to Coinfloor then buy bitcoin from the exchange. Coinfloor is also popular among UK institutional investors who wish to transfer GBP to BTC. Keep reading to find out everything you need to know about Coinfloor.

P2P / Centralized Centralized
Function Trading
Established 2013
Volume $ 600.000 USD
Pairs 3
Owners Coinfloor
Locale London, UK
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.1% to 0.3%
Benefits Easy GBP and BTC trading for retail and institutional investors
Reputation 10/10

Coinfloor Establishment

Coinfloor was founded in 2013, making it the UK’s first bitcoin exchange. Today, the company continues to claim to be the UK’s number one bitcoin exchange by focusing on “trust, security, and reliability” and creating a “safe and accessible place to trade and invest in bitcoins.” The Coinfloor team includes Obi Nwosu (CEO), who has 20+ years of experience building online marketplaces like QXL and WeeWorld. Coinfloor has also received investing from early stage VC fund Passion Capital as well as TransferWise co-founder Taavet Hinrikus, who was also the first employee of Skype. Coinfloor is also backed by private investors like Adam Knight, the former MD of Goldman Sachs and Credit Suisses’s commodities trading business. Coinfloor is registered under the name Coinfloor Limited in England and Wales under registration number 08493818. The exchange is headquartered at 1 Quality Court in London, UK.

Coinfloor Trading Volumes

Coinfloor offers retail and OTC trading services. The company’s OTC trading appears to be significantly larger than its retail trading division. As of January 2019, Coinmarketcap reports that Coinfloor has 24 hour retail trading volume of $600,000, placing it in the #126 ranking position among exchanges by trading volume. However, it seems that Coinfloor has significantly larger OTC trading volume. Over the Counter (OTC) trading volume does not appear on exchange orderbooks. Coinfloor does not disclose how much OTC trading it handles, although it appears to be a significant amount. Coinfloor’s website claims the exchange is “the UK’s no.1 bitcoin exchange.”

Number of Coin Pairs on Coinfloor

Coinfloor offers three coin pairs, including BTC/GBP, BTC/USD, and BTC/EUR. All of the retail trading volume occurs in the BTC/GBP pair. However, OTC trades can occur across all three pairs. These are the three pairs listed on Coinmarketcap. However, the Coinfloor website mentions that the exchange also accepts deposits in both BTC and BCH, so it seems likely that the Coinfloor OTC market includes at least one BCH pair.

Who Owns Coinfloor?

Coinfloor appears to be a privately owned company registered under the name Coinfloor Ltd. The company’s “About Us” page online mentions three investors, including venture capital fund Passion Capital, TransferWise co-founder Taavet Hinrikus, and former Goldman Sachs Managing Director Adam Knight, who also serves on Coinfloor’s Board of Directors.

Coinfloor Features, Benefits, & Reputation

Coinfloor has a very strong reputation in the crypto space. Founded in 2013, Coinfloor has a long history of providing transparent, reputable trading services to both retail and institutional investors. There have been no major security leaks or breaches over the years, and Coinfloor has shown an ability to safely hold customer funds.

In terms of features, Coinfloor keeps things straightforward: there are pairs for BTC/GBP, BTC/USD, and BTC/EUR available for retail and OTC traders. Coinfloor offers API support. Or, you can trade within the Coinfloor UI. The exchange is particularly valuable to UK traders seeking an easy and accessible way to transfer GBP into BTC and vice versa.

As far as fees go, Coinfloor is competitive with other exchanges. Traders with less than 500,000 GBP, USD, or EUR of 30 day trailing volume will pay a fee of 0.30% per trade. That fee drops to 0.20% for amounts between 500,000 and 1 million and down to 0.10% for volumes over 1 million. Coinfloor also charges flat fees for deposits and withdrawals. GBP deposits, for example, come with a deposit fee of 5 GBP and a withdrawal fee of 60 GBP.

Overall, Coinfloor caters to professional investors and institutional traders. This isn’t a platform for an average retail trader. Minimum deposit amounts for GBP, for example, range from 1,000 to 5,000 GBP, depending on your deposit method. That flat-rate fees are also very costly to smaller investors but relatively cheap for larger investors – so it’s clear which type of users Coinfloor is trying to attract.

Coinfloor KYC & AML Requirements

Coinfloor has strict KYC and AML requirements for all users on the platform. Opening a Coinfloor exchange account as a UK resident is similar to opening a bank account or any other financial services account. Coinfloor also claims that they go “far above what is required form a regular money service business.” If you’re looking for a dodgy exchange with low KYC/AML requirements, then Coinfloor isn’t for you. Similar to other KYC/AML verification processes, users are required to submit government-issued photo ID. Each client application will be thoroughly inspected and verified against a database. The goal is to ensure that only legitimate, vetted users can trade on the Coinfloor platform.

Coinfloor Fiat Acceptance

Coinfloor handles three major fiat currencies, including the British Pound (GBP), US Dollar (USD), and Euro (EUR).

In the past, Coinfloor has also accepted Polish Zloty (PLN), although it doesn’t seem the pair is currently listed online. However, OTC traders may be able to make PLN trades using the OTC trading desk.

Coinfloor Trust Level

Coinfloor is a trusted and reputable company. The company transparently lists its headquarters and office location online. Coinfloor has also partnered with an FCA-regulated trading firm to help meet bulk bitcoin orders. Coinfloor is transparent about its location, its staff, its partnerships, and its fee structure. We see no reason not to trust Coinfloor. It’s also important to remember that Coinfloor was founded in 2013 and is the UK’s oldest and longest-running bitcoin exchange.

Coinfloor Customer Experience & Support

Coinfloor is known for its strong customer service and support. Since 2013, the exchange has consistently provided superior quality customer service to users. There’s a help desk and FAQs list available online. All other requests, meanwhile, can be addressed by submitting a request. Coinfloor’s support is available from 0:900 to 17:00 GMT Monday through Friday. Support is available in English and Polish. Coinfloor aims to respond to all requests within one business day.

Coinfloor Security History

Coinfloor has never experienced a major security breach, nor has the exchange ever been hacked – at least not to the public’s knowledge. As far as we can tell, Coinfloor has never experienced a significant loss of customer funds. Coinfloor’s security history remains untarnished since 2013.

Coinfloor Listing Procedures

Coinfloor has strict listing procedures. The company currently lists just three pairs on its website, including BTC/GBP, BTC/USD, and BTC/EUR. Coinfloor also deals with Bitcoin Cash. Aside from these pairs, however, Coinfloor does not appear to be open to listing new pairs at this time.

Coinfloor Conclusion

Coinfloor is the UK’s oldest cryptocurrency exchange. Founded in 2013, Coinfloor has 6+ years of experience operating smoothly and effectively. The exchange has experienced no major security breaches over the years. Although the retail trading volume is relatively small compared to other major exchanges, Coinfloor is known more for its OTC trading volume, which is kept off the orderbooks. Coinfloor’s OTC trading desk allows UK institutions to easily trade GBP for BTC or BCH. Coinfloor is also seen as a reputable exchange: the company maintains strict KYC/AML requirements. To learn more about the UK’s leading cryptocurrency exchange, visit online today at



Coinify has always been more a payment processor than a typical digital exchange. Established with the principal aim of becoming the default crypto gateway for European merchants, the platform’s prime focus is to enable mainly online merchants to accept bitcoin as payment from clients. In a nutshell, the platform allows vendors to be paid in bitcoin and a few other cryptos, and then have the exact equivalent in fiat paid over into their bank accounts.

Coinify is a payment facilitator that forms a bridge between fiat merchant dealings and the digital currency world. The exchange offers two basic products – Coinify for Trade and Coinify for Merchants.

Users looking for a bustling bitcoin exchange are going to be disappointed, however, as the “trade” aspect of Coinify is more an afterthought with the company, or a logical extension of their offer to merchants. The prime focus remains an offer that allows merchants to accept bitcoin and ether and a few other crypto payments, converting these into fiat and paying the funds into a merchant’s account, without deductions.

It would appear that the core workings of the service entail the customer paying a slight surcharge, whereas the merchant receives their full payment. The company has been active in developing the complex relationships behind being able to bring business protocols, cryptocurrency and fiat payment processing into a single service point for businesses.

The presentation of the exchange also seems to be an even split between ecommerce and trading services. The reality of the present day, however, is that the company is far more a crypto Visa than a Californian Coinbase. The company has also done extensive development to generate plugins that enable existing Shopify, Magento and other clients to easily integrate bitcoin payments into their business model.

P2P / Centralized Central
Function Merchant gateway
Established 2014
Volume n/a
Pairs Variable
Owners Mark Højgaard, Lasse Birk Olesen
Locale Denmark
Fiat Yes
Trust Level 9/10
Support 9/10
Security History 100%
Coin Listing Process n/a
KYC/AML Requirements Yes
Fees Variable
Benefits Vendor payment solution
Reputation 10/10

Coinify Establishment

The Coinify exchange was launched in 2014 in Copenhagen, Denmark.

Coinify Trading Volumes

Coinify is not listed on CoinMarketCap or other typical digital exchange data venues, as the exchange and trading aspect of the company is negligible in comparison to almost all other true digital currency exchanges.

Although the company seemingly allows for up to 15 digital currencies to be employed by buyers and sellers using the gateway, it is really a bitcoin-dominated payment processor, paying its merchant clients in USD, EUR and other fiats post transaction directly into their bank accounts.

Number Of Coin Pairs On Coinify

It remains difficult to determine exactly which “trading pairs” are offered by the platform, as unless one engages the platform as a merchant, exact details on services offered remain buried in the sign-up process.

For all intents and purposes, while merchants using the platform might well be able to trade bitcoin for ether, for instance, this is a minor add-on. It’s not the purpose of the exchange, which is essentially a fiat/crypto payment facilitator and processor.

Who Owns Coinify?

Coinify was co-founded by Mark Højgaard and Lasse Birk Olesen, who remain in control of the company.

Coinify’s Features, Benefits & Reputation

The nutshell offer to merchants from Coinify has always been: sell your goods for bitcoin, and without any deductions, receive fiat settlement directly into a nominated bank account.

Very much like a client swiping a Visa card at a merchant is enabling a funds transfer to the merchant’s account, so too does Coinify process bitcoin payments for their clients. The difference is that Coinify handles incoming bitcoin payments, and converts them to a fiat amount that is then deposited into a merchant’s account.

In theory, if a merchant is paid $100 in bitcoin, the $100 is paid into a merchant’s account without forfeit of any further fees, other than legacy banking charges.

The company has faced challenges in effecting what appears to be a simple yet savvy facility, as complaints still populate chat rooms regarding inexplicable deductions and less than satisfactory payment time. Merchant clients on the platform can use their credit cards or other legacy protocols to buy bitcoin too, and the platform’s wallet facility enables not only the crypto/fiat conversion, but also the prospect of swapping bitcoin out online, albeit very limited in scope.

There is no detailed trading intel on the platform, nor is there any leverage or other advanced trading tools typical of true digital exchanges. The company is a crypto/fiat payment interface focused on ecommerce entities looking for digital payment solutions that tie into existing fiat protocols.

Fees are pitched as fundamentally less than existing service providers like Visa and MasterCard, and the company also sports a mobile app that acts as a mobile payment processor. The app appeals to intermittent vendors or mobile vendors like taxi drivers and others who need a point of sale solution. On the platform, any credit card payments attract a $3 fee, while wire transfers are levied 0.25 percent.

There is a 0.0001 BTC transaction fee, and legacy bank charges are still added by the merchant’s bank. Overall, however, costs are slightly less than legacy payment processors charge. The exchange also gleans profit from the exchange rates between bitcoin and the assorted fiats it works with, although how the exchange rates are calculated is not listed in company information.

Coinify KYC & AML Requirements

Any digital exchange dealing with fiat currency nowadays has relatively standardized KYC and AML protocols in place. This is a result of the early 2018 global regulatory community’s movement to ensure exchanges’ compliance with consumer protection and other legislation.

That said, because the company is dealing with existing credit card holders and other pre-identified fiat users, verification is limited and  not onerous. Various daily movement levels are offered to merchants, which all hinge on a relatively simple identification process.

Coinify Fiat Acceptance

The company accepts fiat from users who want to buy bitcoin through their wallets. The exchange also “accepts” several common fiat currencies, insofar as it will pay merchants with these currencies post a bitcoin payment.

Coinify Trust Level

Notwithstanding teething problems that stem from the complex world of online payment processing, the Coinify exchange is largely seen as a professional, ambitious company that has made great strides in marrying the two worlds of fiat and crypto for business.

Trust levels are high as the company has remained true to its stated aims and is seen as reputable and responsive.

Coinify Customer Experience & Support

For a company trying to return bitcoin to fiat quickly and at a lesser cost overall than a legacy payment, user complaints are minimal. In fact, the customer experience is very much aligned to that of MasterCard, Visa or any other legacy payment processor’s offer.

Some complaints of simply unexplained deductions can be found, but overall support is more aligned to legacy experiences, while Coinify has also ensured that the speed and overall nature of any transaction closely resembles that of conventional payments, occasional bitter complaints notwithstanding. Although support is sometimes a bugbear, no different to modern banks, it is way ahead of the average digital exchange.

Coinify Security History

The exchange has never suffered a hack or made headlines for the kind of persistent shrinkage associated with many others. Although no doubt a target for cybercrime as any other online crypto handler, Coinify is not a churning hub of daily crypto trading, being far more a payment processor than exchange.

Coinify Listing Procedures

From the outset, not only was Coinify more an ecommerce partner than exchange, the “coin pairs” offered by the platform were focused on bitcoin conversion into prominent fiats. Although users can buy and sell bitcoin via digital wallets or bank accounts, there is no real crypto trading “range of coins” offered beyond a very basic facility for users.

Coinify Conclusion

More coincidentally an exchange than a true digital asset trading platform, Coinify is really a cryptocurrency payment processor allowing member merchants to accept virtual currencies as if they were fiat payments.

Growth has been slower than many digital exchanges and more nuanced, and none of the usual metrics like market cap, daily volume and coin pairs offered really apply. Coinify’s intrinsic value is that of a digital Visa, a friend to ecommerce, rather than that of a bustling exchange that attracts crypto traders and investors.

Indeed, traders might do better swapping out cryptos and fiats on other platforms, at least in terms of daily trading, although fees for doing so on the Coinify platform are competitive. Now in its fourth year of operation, the company is notable for its singular focus and unwavering commitment to living up to the improved merchant experience promised at its launch.

A sleek and polished platform, users issues appear to be slowly diminishing. It can be imagined that going forward, the company will attain its aim of becoming the default crypto/fiat payment processor on the European continent.



A rather unique digital exchange with a rather folksy name, Coinmama is a different take on virtual exchanges. Although it allows users to buy (exchange) digital currencies with fiats, it is a one-way street, and users cannot return to the platform to trade cryptos in any usual sense. Rather, Coinmama is a crypto shop, briskly and effectively selling cryptocurrencies to users who want to purchase bitcoin and others along fiat currency protocols.

The company allows users from all over the world to buy a few select digital currencies via debit or credit card. Period. There is no trading platform, nor can users interact with others even minimally once they have purchased their crypto. It is, however, one of the simplest and fastest ways to buy some digital currency, provided users have an established wallet that supports the currency desired.

The platform has a slight “trading” window, in that users buying crypto onsite have their orders delivered within minutes, allowing them to capitalize on a coin’s price movements. This is very much base-level trading, however, and for the vast majority of traders presents as negligible value, as opposed to the dynamism and often frenetic activity on true digital exchanges. Fees are also high, although users accept the fee structure because of the elegant, simple and highly secure experience.

Coinmama also has no native wallet facility, further securing and simplifying matters. When making a purchase, a user’s wallet address is confirmed via email prior to funds being disbursed. Because of this, users are unable to buy cryptocurrency for third parties, although this too is an insignificant consideration for those who transact here, as funds can be immediately passed on after purchase.

P2P / Centralized Central
Function Crypto Shop
Established 2013
Volume n/a
Pairs n/a
Owners New Bit Ventures Limited
Locale Slovakia
Fiat Yes
Trust Level 9/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 10.50%
Benefits Fiat, Buy BTC
Reputation 9/10

Coinmama Establishment

Coinmama was launched in 2013 and is registered in Slovakia.

Coinmama Trading Volumes

Coinmama isn’t listed by CoinMarketCap or any of the typical digital exchange snapshot sites, as there are no trading volumes on the exchange, limited as it is being a single-direction, digital coin shop. The lack of any mobile app also simplifies things, although some users bemoan the lack of ability to transact on the go.

 Number Of Coin Pairs On Coinmama

Cryptocurrencies bitcoin, ether, litecoin, QTUM, cardano, ripple, bitcoin cash and ethereum classic are all offered for sale onsite. There is no pairing of coins for trade nor any other speculative intel that supports trading, as Coinmama is basically an ecommerce or online shop, selling cryptos to interested parties in a very simple transaction.

Who Owns Coinmama?

Although registered in Slovakia, Coinmama is owned by Israeli New Bit Ventures Limited.

Coinmama’s Features, Benefits & Reputation

If a user can accept that Coinmama is a shop and not an exchange, they can avail themselves of a simple purchase of cryptos at a known price, all in a highly secure environment. Coinmama doesn’t attract the usual worries about security typical of almost all other exchanges.

The company pays users from its own cold vault, and there is none of the populated platform issues that can hamper other digital exchanges. Users also enjoy the option of being able to buy crypto online with a card, just as easily as shopping on eBay.

Being limited to buy orders, Coinmama’s utility presents as very basic, both a pleasure for many and a limitation for many others. Users also can’t sell their crypto through or to the site.Transactions work one way. There is a minimum purchase value of $60 mandated, and this minimum varies, based on the price of bitcoin.

Fees are at first glance very high in comparison to other virtual exchanges, landing at 5.5 percent of any transaction. This incorporates any mining fees or other network charges. There is also a further 5 percent flat fee on transactions, meaning that upon completion a user will have paid 10.5 percent of the transaction value to Coinmama.

This is, comparatively, extremely high for a digital exchange. With that said, users still value the elegantly simple offer precisely for its simplicity and speed, as knowing exactly how much the transaction will cost is not a given elsewhere.

Coinmama KYC & AML Requirements

The amount of a digital currency that any user is allowed to purchase depends upon their verification level, and whereas before verification was present but minimal, now Coinmama users will have to adhere to international KYC and AML stipulations when buying from the exchange. Although the company takes debit and credit card payments, there is no wire transfer or any other protocol, and card payments are the sole route to purchase.

Coinmama Fiat Acceptance

Because of its singular payment protocol – cards – Coinmama essentially accepts any fiat currency in the world. Rather, anyone from anywhere who has a Visa, MasterCard or other recognized credit or debit card, can submit card details and make a purchase on Coinmama, after registering.

Coinmama Trust Level

Not being obliged to perform the type of constant security management typical of other exchanges, while offering a very restricted and thus secure facility, Coinmama’s trust level is unimpeachable. The experience of transacting with the site is that of making a purchase from a local store, and trust levels are high. Especially newcomers are relieved to find an uncluttered and watertight offer, notwithstanding the pricing.

Coinmama Customer Experience & Support

For an “exchange” that can boast so much simplicity and elegance, immaculate customer support isn’t one of its more noticeable accomplishments. That said, support is positively heavenly in comparison to the vast majority of digital exchanges, and the company has a legacy feel to its support structures, which are generally good overall. Response times dwell in the 24-hour range, something most other exchange users still only dream of. Overall, support is good, a rare occurrence in the digital exchange arena.

Coinmama Security History

Coinmama’s reputation as a transparent and safe broker, derived of its simple and secure transaction, is further supported by the fact that no security breaches or other issues have ever tainted the exchange. The shop has never been robbed, nor have issues arisen where there could even be the suspicion of foul play between purchase and receipt of a user’s crypto.

Coinmama Listing Procedures

Management decides which coins to offer users, with little or no external input. The usual exchange addition of new coins for trade applies to a lesser extent to Coinmama, as it simply offers selected digital coins for sale to fiat users. The model from the outset has been that of very few digital coins on offer, and this has only recently expanded from BTC and ETH to include a few more.

Coinmama Conclusion

Quite possibly the simplest digital “exchange” around, Coinmama might be a simple offer, but it has so far run a tight ship and remained dedicated to its core focus of selling crypto for card fiat. The company, being such a different take on exchanges, has seen slow but persistent growth. Unlike Coinbase, for example, that sees around 34 million visits a month, or even Poloniex that boasts an enormous 45 million visitors a month, Coinmama records some 600,000.

When seen against the backdrop of differences in offer and ultimate value, this is still an impressive figure, given that the platform is little more than a bitcoin shop, albeit a very well-presented and savvy one. As crypto uptake increases globally, it can be imagined that so too will Coinmama’s patronage.

Also, although fees seem ridiculously high to some, chat rooms are filled with complaints of actual other exchange fees often ending up being even higher, therefore the company still manages to present as comparable, if not the cheapest. As a simple buy-some-crypto offer that comes with absolute clarity and watertight security, Coinmama remains hard to beat.



Coinone is a South Korea-based cryptocurrency exchange currently handling about $5 million USD of trading volume every day. The exchange is known for its competitive fees, diverse pairs, and Korean Won (KRW) acceptance. Using Coinone, South Korean crypto users can trade KRW for BTC, ETH, ETC, and more. Coinone is registered as Coinone Inc and operates legally under South Korean law. Coinone was originally the second largest cryptocurrency exchange in South Korea, trailing only Bithumb. In recent months, however, trading volume on Coinone has dropped off, although it’s still within the top 100 cryptocurrency exchanges worldwide by market cap.

P2P / Centralized Centralized
Function Trading
Established 2014
Volume $5 Millon
Pairs 15+
Owners Coinone Inc
Locale Seoul, South Korea
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.1%
Benefits KRW to fiat Trading
Reputation 10/10

Coinone Establishment

Coinone was established in 2014 in Seoul, South Korea. The company’s headquarters is located at 10 Three IFC 19. Initially, the company received $200,000 in funding from Kakao Ventures, with the last funding round occurring in October 2014. It’s unclear what funding Coinone has raised since that date – if any. Key figures of the company include Kevin Cha (CEO), Jinwoo Lee (CTO), Sang Ho Lee (Chief Product Officer), and Wonhee Shin (Operations Director). Today, the company’s Seoul headquarters reportedly has about 70 full-time staff.

Coinone Trading Volumes

In mid-2018, Coinone had 24 hour trading volume as high as $50 million. Towards the end of 2018 and into 2019, however, Coinone trading volume dropped substantially. It was once one of the top 10 exchanges worldwide by trading, and the second largest in South Korea behind only Bithumb. Today, however, Coinone’s trading volume has dropped amidst competition from international crypto exchanges. Nevertheless, Coinone remains one of the most popular exchanges in South Korea, and many users continue to happily use Coinone to swap cryptocurrencies for Korean Won (KRW).

Number of Coin Pairs on Coinone

Coinone currently lists about 15 pairs on its platform, with most of the pairs being cryptocurrencies traded against the Korean Won. The most popular pairs include the BTC/KRW, XRP/KRW, ETH/KRW, BCH/KRW, and EOS/KRW pairs, for example, although Coinone also records strong volume in pairs like EOS/KRW, IOTA/KRW, QTUM/KRW, and ZIL/KRW. DATA, ETC, LTC, KNMC, ZRX, XTZ, OMG, and BTC are all also available for trading on the platform.

Who Owns Coinone?

Coinone is registered as Coinone Inc. The company initially received an investment of $200,000 in October 2014, with the only listed investor being Kakao Ventures. However, it appears that Coinone continues to be a privately-owned and operated company.

Coinone Features, Benefits, & Reputation

One of the interesting things about Coinone is its fee structure. Typically, crypto exchanges charge different commission fees for makers and takers. Coinone, however, does not distinguish between the two. Coinone charges makers and takers a flat fee of 0.10%, much lower than the average industry standard of 0.25%. These low fees make Coinone a popular option for South Korean traders seeking to maximize their value.

Coinone KYC & AML Requirements

Coinone, like most South Korean cryptocurrency exchange, has a long and thorough verification process. Users will need to complete comprehensive KYC and AML verification before they can begin trading on the platform. Coinone is notorious for its account tiers as well: the more information you provide, the higher your account tier will be, and the more trading privileges you will have. Coinone is only available to traders who can prove they reside in South Korea.

To create an account, just register for the Coinone website using an email address and password. You will then need to verify your email, verify your phone number, verify your identity documents, verify your bank information, and verify yourself over the phone. It’s a long verification process. However, it also means that everyone you’re interacting with on the Coinone platform has completed strict verification to ensure they’re legitimate.

Coinone Fiat Acceptance

Coinone only accepts residents of South Korea, so it makes sense that they also exclusively deal with the Korean Won. No other coins are listed on the Coinone platform, and all crypto pairs are denominated using the KRW. Part of the reason why Coinone has strict verification requirements is because they accept the Korean Won. Many cryptocurrency exchanges that do not accept fiat withdrawals are deposits do not need to worry about KYC/AML verification.

Coinone Trust Level

Coinone is one of the most reputable and trusted cryptocurrency exchanges in the world – not just in South Korea. As far as we know, the exchange operates by all applicable laws and regulations. South Korea – similar to Japan – has shown a willingness to work with cryptocurrency exchanges at establishing regulations. This gives Coinone users a higher level of trust in the company. Coinone Inc. is a registered entity in South Korea, and the company’s thorough verification process ensures that all users on the platform can be trusted at some level.

Coinone Customer Experience & Support

Coinone is known for its strong customer service and support. The UI is similar to other exchanges, making it easy for first-time users and veteran users to navigate. The company transparently lists its phone number online, and you can also contact customer service via email or support tickets. Overall, the customer experience with Coinone is strong, and Coinone is one of the more reputable exchanges operating in the space today.

Coinone Security History

In 2017, three of South Korea’s largest cryptocurrency exchanges suffered major security breaches leading to the loss of cryptocurrencies. Youbit suffered a major security breach in December 2017 that led to a loss of one fifth of all user funds, for example. Youbit would later declare bankruptcy. Bithumb and Yapizon were two other South Korean exchange giants hacked that same year. Coinone was founded around the same time as all of these exchanges, but the exchange has avoided any major security breaches thus far. Coinone’s security history has been clean, and to our knowledge, the exchange has never suffered any major hack leading to the loss of significant customer funds.

Coinone Listing Procedures

Coinone is relatively picky about which coins it lists on the platform. The company lists approximately 15 pairs, including BTC/KRW and ETH/KRW pairs in addition to less popular pairs like BTG/KRW and XTZ/KRW. Coinone appears to be open to accepting new coin pairs on its platform, although the company doesn’t disclose specific listing procedures or requirements online.

Coinone Conclusion

Overall, Coinone is one of the best-known and most popular cryptocurrency exchanges in South Korea. After experiencing record trading volume in 2017 and 2018, the exchange has slightly fallen off the radar in the beginning of 2019. Originally, Coinone was the second biggest cryptocurrency exchange in South Korea by trading volume, trailing only Bithumb, although things have changed in recent months. Nevertheless, Coinone has a strong reputation for customer service and security. The exchange has never suffered a major hack. It requires users to complete a strict verification and registration process. It follows all applicable South Korean laws. And, even as South Korea’s largest cryptocurrency exchanges have been hacked over the years, Coinone has not suffered a major security breach. That’s impressive.



Cryptonex aims to be your “easy entrance” into the crypto world by allowing you to easily buy bitcoin and Ethereum using a credit card. Alternatively, users can trade major cryptocurrencies for all sorts of fiat currencies on the Cryptonex exchange. Cryptonex is also one of a handful of exchanges on this list that has its own token: Cryptonex uses the CNX token to give traders a discount on trading fees. In addition to allowing users to buy bitcoin directly, Cryptonex has a number of major cryptocurrency pairs. In fact, Cryptonex currently sits in the top 10 or 15 exchanges worldwide by trading volume. As of February 2019, Cryptonex has about $300 million of trading volume per 24 hour period.

P2P / Centralized Centralized
Function Trading / Purchasing
Established 2017
Volume $300 Millon
Pairs 50+
Owners Cryptonex LP
Locale Edinburgh, Scotland
Fiat Yes
Trust Level 7/10
Support 8/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.1%
Benefits Easy bitcoin purchasing with credit cards; lots of high-volume trading pairs
Reputation 8/10

Cryptonex Establishment

Cryptonex doesn’t have an “About Us” page at its official website. It’s hard to determine much information about the company online. However, the company was reportedly founded in 2017 in Edinburgh, Scotland, UK, which is also where it is currently based. The exchange lists an address at 101, Rose Street South Lane in Edinburgh as its headquarters. It also lists 1326380974 as its Unique Tax Reference (UTR) number. Key members of the company appear to include Pavel Kalinin (Founder & Managing Director) and Andrey Ershov (Executive Director).

Cryptonex Trading Volumes

Cryptonex is one of the world’s largest exchanges by crypto trading volume. As of February 2019, the exchange processes approximately $300 million of trading activity every 24 hour period, placing it in the top 10 exchanges by trading volume worldwide. Cryptonex has particularly strong liquidity in pairs like BTC/USD, BTC/EUR, ETH/USD, ETH//EUR, BTC/CNBY, BTC/RUB, and BTC/KRW. However, the exchange lists a surprising range of fiat and cryptocurrency pairs overall. Unlike other exchanges, where all trading volume is concentrated into the top 3 or 4 trading pairs, Cryptonex has strong trading volume across dozens of trading pairs.

Number of Coin Pairs on Cryptonex

Over 50 trading pairs are listed on Cryptonex in total. Major cryptocurrencies supported by the platform include BTC and ETH. Major fiat currencies, meanwhile, include the USD, EUR, CNY, RUB, KRW, INR, JPY, and GBP, among others. Cryptonex has strong volume across all of these pairs, making it easy to swap your crypto for fiat regardless of what you’re trying to trade. Cryptonex also has over a dozen different Cryptonex token (CNX) pairs, allowing you to easily swap your CNX tokens for major fiat and cryptocurrencies.

Who Owns Cryptonex?

Cryptonex appears to be a privately-owned company based in Edinburgh, Scotland. The company lists its name as Cryptonex LP. We cannot find any information about private investment or other ownership.

Cryptonex Features, Benefits, & Reputation

Cryptonex isn’t the most transparent exchange on the internet today. However, the exchange appears to offer strong trading volume across a wide range of fiat currency and cryptocurrency pairs. It also has a competitive fee structure, charging traders just 0.10% on all trades regardless of your trading volume. Make sure you check the Cryptonex fees page before you deposit money into the platform, however, as certain deposit methods can be costly. Depositing money via credit card, for example, will cost you 6%.

Some also know Cryptonex for their Proof of Stake (PoS) mining. You can buy the company’s Cryptonex (CNX) tokens and earn 12% returns per year in exchange. The returns come in the form of CNX tokens. You can then trade CNX tokens on the Cryptonex exchange for all types of cryptocurrencies and fiat currencies.

One of the advantages of Cryptonex is that you can deposit a wide range of fiat currencies into the platform and then start trading. You can trade your USD, EUR, and GBP on the same platform as you trade your KRW, INR, and RUB, for example. Typically, exchanges only list 1, 2, or 3 different fiat currencies. Cryptonex, however, lists many.

Cryptonex technically has two types of exchanges, including their CNX exchange and their P2P exchange. The CNX exchange is where you can trade your Cryptonex tokens for BTC, ETH, GBP, EUR, USD, RUB, and BRL. The P2P exchange, meanwhile, is home to all other cryptocurrency and fiat currency pairs.

Cryptonex KYC & AML Requirements

Cryptonex allows users to sign up for free after completing email verification. To start trading on the platform, however, you will need to complete KYC and AML verification.

Cryptonex Fiat Acceptance

Cryptonex accepts a surprising range of fiat currencies and cryptocurrencies. All of the following fiat currencies can be deposited into the platform: EUR, USD, GBP, RUB, and BRL. You can deposit these cryptocurrencies using Visa and MasterCard (EUR and USD), or alternative payment methods like AdvCash (GBP, EUR, USD, RUB, BRL) or Payeer (EUR, USD, RUB).

Cryptonex Trust Level

Cryptonex appears to be a regulated, legitimate cryptocurrency exchange based in Edinburgh, Scotland. However, there’s limited information about Cryptonex available online overall. Compared to other exchanges, there’s virtually no information about who’s running the company or what their background is. Aside from scattered reports online naming the executive team, we can find little information about Cryptonex. Typically, the more transparent an exchange is online, the more trustworthy that exchange will be.

Cryptonex Customer Experience & Support

Cryptonex has similar customer service options compared to other major exchanges. You can send the exchange an email at [email protected] You can also send them a message via the online submission form. Cryptonex is also available via Facebook, Twitter, Telegram, and LinkedIn. Overall, customers online seem to indicate that they received good customer service.

Cryptonex Security History

Cryptonex appears to have a clean security history with no major incidents, security breaches, hacking attacks, or other problems on record. Cryptonex has not been running as long as other exchanges. However, it’s good to see that there have been no major, publicly-disclosed hacking attacks since Cryptonex launched in 2017.

Cryptonex Listing Procedures

Cryptonex does not mention its coin listing policy online. However, the exchange appears to have a relatively open coin listing policy: dozens of pairs are currently listed on the exchange, including several major fiat currencies and cryptocurrencies. That being said, Cryptonex doesn’t have the same obscure coins we see on other exchanges. It’s unclear if Cryptonex is planning to list more coins in the near future.

Cryptonex Conclusion

Cryptonex is one of the largest cryptocurrency exchanges in the world by trading volume. The Edinburgh-based exchange is known for offering a wide range of fiat currency and cryptocurrency pairs, including many pairs involving the exchange’s native Cryptonex (CNX) token. Cryptonex is also known for its competitive fees, charging just 0.1% on all trades on the platform regardless of volume. The main issues with Cryptonex include its lack of transparency and its unusual CNX mining system, where users can earn 11% returns per year by holding CNX tokens in their Cryptonex wallets. Aside from minor transparency issues, however, Cryptonex is one of the world’s most popular exchanges for a reason.



The Cryptopia exchange is a P2P exchange that also has a rather unique offer, alongside being a trading platform. Cryptopia is a fast in-out P2P exchange, very much like PaxFul or LocalBitcoins, although it doesn’t share the latter’s localized focus.

Unlike many other digital exchanges, P2Ps like Cryptopia really act as middlemen, allowing users to meet and trade cryptocurrencies from their wallets, merely using the exchange as a platform to meet and transact.

Something unique about Cryptopia as an exchange, is that it also hosts a digital payment marketplace where users can buy and sell almost anything, paying with digital coins. The market is similar to certain Facebook- or other user-groups where items are listed for sale, except that on Cryptopia everyone pays in digital currencies.

The platform also offers an arbitrage service, where virtual coin prices from a variety of other leading exchanges are listed for users’ benefit. The Coininfo component of the site lists current and relevant information on all of the 630-plus digital currencies typically encountered on the platform, while the Paytopia section is a bank of services including promotional tools for newly listed coins. The majority of the services can be paid for in Dotcoin.

Another feature for users is an onsite lottery where members can score daily or monthly prizes, while the Mineshaft mining platform supports innumerable mining protocols. The lottery is at the time of writing seemingly paused, although it does appear that the company is reviving it for users’ benefit.

The platform might be a P2P exchange, but its architecture and extensive features make it a very savvy and popular venue. Although ranked around 55 in the average broad-metric exchange review, the exchange’s usage is rising in the cryptosphere.

P2P / Centralized Central
Function Crypto Shop
Established 2014
Volume $ 3 Million
Pairs n/a
Owners Robert Dawson, Adam Clark
Locale New Zeland
Fiat Yes
Trust Level 9/10
Support 8/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0%+
Benefits Vendor payment solution
Reputation 10/10

Cryptopia Establishment

Cryptopia was launched in July 2014 and listed as a software development service. The company has carefully tailored the site to avoid any implications of being a financial service, a reality that would mean additional regulation and verification.

Unlike some other exchanges where the reasons for so doing are sometimes unclear, there is nothing dubious about Cryptopia’s stance, as the company is transparent and simply wants to take the P2P approach to building an exchange.

Cryptopia Trading Volumes

The platform ranking of between 50 and 60 among global exchanges stems largely from daily trading volumes, which aren’t yet huge on Cryptopia. The exchange does offer probably more coins to trade than any other exchange in existence, and visitor numbers keep growing.

The Number of Coin Pairs on Cryptopia

The only fiat currency that the exchange accepts is the NZD, but for cryptocurrency variety, it can’t be beaten. There is a seemingly endless range of coins, and although “pair trading” per se isn’t experienced like it is on legacy-modeled digital exchanges, the number of pairs generated by the exchange numbers well over 600.

Cryptopia Owners

Cryptopia was registered by Robert Dawson and Adam Clark.

Cryptopia Operating Location

The exchange is registered in New Zealand, officially called Cryptopia Limited. The company runs out of the New Zealand town of Christchurch.

Cryptopia’s Main Function, Features, Benefits, and Reputation

Newcomers to crypto will find the platform intuitive and very simple to use, although dedicated day and other traders find limited value in the exchange, due to its lack of charting intel and other more advanced tools.

HODLs and other enthusiasts tend to comprise the majority of traders. Although some similarly built exchanges leave themselves open to allegations of pump and dumps, without many of the features of Cryptopia to boot, such behavior doesn’t seem to manifest or disturb on the exchange.

The Cryptopia Rewards program hinges on users logging in and completing certain actions within a specified time frame. As further testimony to the company’s transparency and professionalism, winners are listed on site for all to see.

Fees on Cryptopia are few and far between, only applying to certain transactions. Transferring currencies between wallets attracts various fees, depending on the currency.

The exchange also very cleverly encourages users to employ the Cryptopia wallet for transactions, as then there are no fees at all. The user access simply changes, allowing the funds to sit in the wallet, but become someone else’s property.

Cryptopia KYC and AML Requirements

Although the site accepts a fiat in the form of New Zealand dollars – from a New Zealand bank account – verification is not necessarily onerous on the platform. Cryptopia users can begin trading on the back of an email address, although daily limits remain at $5000 if only this extent of registration is completed.

Submitting ID documents and photos allows for a tenfold increase of that limit, while proof of address and other fully comprehensive registration multiplies that by ten again to a $500,000 daily transaction limit. Users will have to motivate why they should be afforded the maximum limit, however.

Cryptopia Fiat Acceptance

The only fiat accommodated by the platform is the NZD, among a myriad of digital coins.

Cryptopia Trust Level

The exchange enjoys high levels of user trust, in spite of numerous online complaints about uncredited deposits and stolen digital funds. The company also offers 2FA as a product for sale via Paytopia onsite. The sheer volume of users is a good indicator of a trustworthy exchange, and the company is demonstrably professional, responsible and security-conscious.

Cryptopia Customer Experience and Support

The Cryptopia exchange has a huge feather in its cap for being active on social media and generally more visible and participatory than most other exchanges. The support service has been sluggish on occasion – and here the exchange deserves no more credit than any other lousy service exchange, of which there are dozens – but at least management posts notifications about ticket backlogs when they happen.

It’s generally easier to contact support through a variety of channels, and although staff scaling issues bug the company, Cryptopia’s support has to be rated above average, simply for its visible attempt to maintain legacy support standards.

Cryptopia Security History

An unusually high number of allegations of hacked accounts appear online, but this seems to be a quirk, as the fact is that there has been no successful hack of the exchange. Very unfortunately for users making such allegations, all complaints omit the possibility that user credentials had been compromised elsewhere or prior to using Cryptopia.

Phishing often goes unseen in the moment, only to kick in a while down the line. Exchange hacks don’t go unreported in the industry, and no such news has ever emanated regarding Cryptopia.

Cryptopia Listing Procedures

Users can easily list coins on the platform by entering relevant details via Paytopia. Submitting a new coin for evaluation costs 5 million DOT, which is tied into the management coin review undertaken before listing is finalized.

Cryptopia Conclusion

The Cryptopia exchange is a diverse, different and dynamic offering, and a genuinely unique take on crypto exchanges. Possibly because of the openness and effort made by the exchange team to be a far more inclusive and communal exchange in many ways, the company seems remarkably free of what could foreseeably be persistently aiding pump and dump allegations.

The extensive coin offering, diverse additions to a typical P2P exchange as well as generous fees overall portends a bright future for the exchange. Many enthusiasts remain unaware of Cryptopia’s existence. It can be reliably predicted that as the news of systemic rewards and the many other benefits of the exchange spread, the platform will rank higher and higher among global exchanges.



Deribit is a Netherlands-based cryptocurrency exchange best-known for its bitcoin futures and options. In 2018, Deribit made headlines for being the second futures exchange to launch perpetual swaps. Originally created by BitMEX, perpetual swaps are bitcoin futures contracts that never expire. They were pioneered by BitMEX, but Deribit launched a similar product in mid-2018. Deribit’s userbase surged after the launch of its perpetual swaps.
Today, Deribit remains one of the more popular cryptocurrency exchanges in the space. The exchange recently expanded its futures trading marketplace to allow users to access up to 50x leverage (up from 20x leverage). Deribit also emphasizes “European style” cash settled options. And, since Deribit processes all deposits and withdrawals in bitcoin, there’s no need for KYC/AML verification, allowing users to sign up for anonymous accounts on Deribit.
Deribit was originally launched in 2016. Today, it continues to grow its reputation as a legitimate, safe, and easy-to-use platform. Keep reading to discover everything you need to know about how Deribit works and whether or not it’s the right choice for you.

P2P / Centralized Centralized
Function Trading, Futures
Established 2016
Volume Unknow
Pairs 1
Owners Deribit
Locale Ermelo, The Netherlands
Fiat Yes
Trust Level 8/10
Support 9/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements No
Fees 0.02% to 0.05%
Benefits Futures, Trading
Reputation 9/10

Deribit Establishment

Deribit was founded in March 2015 by John Jansen in partnership with Marius Jansen, Sebastian Smyczýnski and Andrew Yanovsky. The Netherlands-based exchange would begin operations in June 2016. Today, the company continues to operate under Dutch law. Deribit serves customers worldwide, except customers in countries where bitcoin trading is illegal. Users in the United States, Canada, and the Netherlands are all currently blocked from trading on the platform. The name “Deribit”, by the way, comes from the fact that the exchange focuses on “derivatives” in “bitcoin”.

Deribit Trading Volumes

Deribit does not publish information about its trading volumes and liquidity. Because Deribit is not a “true” crypto exchange where users trade cryptocurrencies, it’s not tracked by websites like Coinmarketcap. It’s unknown how much volume gets traded on Deribit on a daily basis. However, it’s important to note that Deribit doesn’t technically sell crypto: they just sell Contracts For Difference (CFDs). No actual crypto purchase takes place, and users are just buying and selling contracts linked to bitcoin. In the early days of Deribit, some users shied away from Deribit for its low liquidity. Since mid-2018, however, Deribit has invested significantly into its investment products and platform, leading to a surge of users.

Number of Coin Pairs on Deribit

Deribit sells CFDs for bitcoin and the US Dollar. Each CFD you purchase through the platform will have a pre-defined expiry date – say, of December 31 or March 30.

Who Owns Deribit?

Deribit is a private company based in Ermelo, The Netherlands. The company is registered under the name Deribit B.V.

Deribit Features, Benefits, & Reputation

Deribit is best-known for its Contracts for Difference (CFDs) and perpetual swaps. The exchange has built an entire userbase of users interested in trading these products online through Deribit’s platform. Deribit’s userbase includes customers from all over the world, although users in certain countries are blocked. American users, for example, cannot register for Deribit.

Upon registration, Deribit allows users to access the options market. You can trade all types of options on the market, choosing from order options like time in force or limit/market. There are also more complicated order parameters available, including choosing the implied volatility of the option. After customizing the parameters of the order, you can make the purchase. Meanwhile, the Deribit futures exchange will be familiar to anyone who has used BitMEX and similar platforms. Deribit originally had bitcoin futures trading where users could go long or short on bitcoin. In 2018, however, Deribit took things a step further by implementing perpetual futures contracts – which are futures that do not have an expiry date. This is similar to the product offered by BitMEX. Up to 100x leverage is available with Deribit.

Overall, Deribit’s fees are competitive compared to other CFD, options, and futures platforms. There’s a maker-taker model where makers pay less than takers. Fees range from 0.02% to 0.05%. Liquidation orders also have a fee of 0.15%. Deribit also has a rule preventing a fee from ever being higher than 20% of the cost of the option. Unlike certain other exchanges, Deribit does not charge money to deposit coins into the exchange. You will pay a small fee upon withdrawal, although the fee is typically just designed to cover the mining costs of the network.

Deribit KYC & AML Requirements

Deribit allows users to setup anonymous accounts without completing KYC or AML verification. Users can sign up for an account today and start trading. Users do not need to complete KYC/AML verification because there’s no fiat deposit option. Deribit’s users come from all over the world. However, users from certain IP addresses will be blocked. Deribit does not accept IPs from the United States, Canada, or the Netherlands, for example. Although some users report accessing Deribit through a VPN, this is officially against Deribit’s Terms of Service.

Deribit Fiat Acceptance

Deribit accepts bitcoin deposits. You can only transfer bitcoin to and from your account. As mentioned above, there are no US Dollar deposits available, despite the fact that all contracts on Deribit are between BTC and USD.

Deribit Trust Level

Deribit is generally a trustworthy exchange – at least as far as options and futures exchanges go. The company is transparent about where it’s based, who’s operating it, and how users can get in touch. We know that Deribit complies with all applicable Dutch laws. The address for the company’s headquarters in Ermelo is publicly disclosed online. For all of these reasons, Deribit is more reputable than certain other options and futures markets available today.

Deribit Customer Experience & Support

Users generally have good things to say about the Deribit customer experience. You can contact the company’s customer service by filing a ticket request online. You can

Deribit Security History

Deribit is generally seen as a safe, reputable, and secure bitcoin trading platform. One of the few major security incidents in Deribit’s history occurred in September 2017 when the exchange absorbed a 60 BTC ($235,000 loss) caused by a bug in the liquidation algorithm. Deribit’s algorithm problem led to a halt in bitcoin futures trading. It was the first liquidation algorithm issue on the platform, and a major loss has not occurred since that date. Some young platforms may have been sunk by a similar issue, but Deribit was able to quickly move past it.

Deribit Listing Procedures

Deribit doesn’t publish details of its listing procedures online. However, the exchange is focused on options and futures in BTC and USD. You deposit BTC into the platform and withdraw BTC. In 2018, Deribit made headlines for introducing perpetual swap-style contracts that never expire, similar to the product that bitcoin pioneered.

Deribit Conclusion

Deribit is one of the largest cryptocurrency exchanges in the world offering perpetual swaps. Since 2018, Deribit has grown to become one of the world’s best-known and most popular futures and options trading platforms. The Netherlands-based company continues to expand its product offerings on a regular basis. Plus, with no KYC or AML verification required, Deribit remains one of the more popular exchanges for users who wish to sign up for anonymous accounts.

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DigiFinex is a digital assets trading platform that currently ranks as one of the largest exchanges in the world by 24 hour trading volume. As of March 2019, DigiFinex ranks #16 among the world’s biggest exchanges by 24 hour trading volume. The exchange is known for offering affordable crypto-to-crypto spot trading in a user-friendly environment. DigiFinex is headquartered in Singapore, although the company is officially registered in the Seychelles.

Overall, DigiFinex works in a similar way to other crypto-focused Asia-based exchanges, emphasizing an easy-to-use trading environment with cheap fees and an easy-to-use interface. There are no fiat deposits, withdrawals, or trading. However, unlike other crypto-focused exchanges, DigiFinex actually requires users to complete KYC/AML verification before trading. That means users can rest assured they’re trading with verified individuals and not participating in criminal money laundering. Although DigiFinex has strong liquidity across all major crypto pairs, its relatively high fees of 0.20% put it one step below similar competitors like CoinBene, Binance, and BiBox, which all seem to offer trading fees of 0.1% for crypto-to-crypto trades in similar platforms with minimal regulation. The added security and legitimacy of DigiFinex comes at an added cost, although based on DigiFinex’s high trading volume, many users have no problem paying that premium.

P2P / Centralized Centralized
Function Trading
Established 2017
Volume $450 Million USD
Pairs 130+
Owners Digifinex Limited
Locale Singapore / Seychelles
Fiat No
Trust Level 6/10
Support 8/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.02%
Benefits Strong liquidity for crypto-to-crypto trades catered to Chinese traders
Reputation 6/10

DigiFinex Establishment

DigiFinex doesn’t disclose much about its founding, company history, or executive team. We know little about when the company was founded or who’s running DigiFinex. The first mentions of DigiFinex started to appear online in 2017, although the exchange didn’t launch trading operations until 2018. The DigiFinex LinkedIn page claims the company’s founding team includes “financial & technical teams of renown [sic] tech companies such as Xunlei, Tencent, Baidu and HP”, although no specific names are listed. The exchange is officially registered as DigiFinex Limited in the Seychelles, although DigiFinex is headquartered in Singapore. The exchange also has an R&D center in Shenzhen and a head office in Hong Kong. Like many exchanges that suddenly emerged after the Chinese crypto crackdown in 2017, DigiFinex appears to cater mostly to a Chinese audience, with full Chinese translations of its website available to users.

DigiFinex Trading Volumes

DigiFinex has strong trading volume across all major crypto pairs, with deep liquidity available in popular pairs like LTC/BTC, BTC/USDT, ETH/USDT, and EOS/USDT. All of the top 25 currency trading pairs have at least $2 million of trading volume over the past 24 hours, making DigiFinex one of the world’s largest exchanges by 24 hour trading volume (it currently sits at #16 worldwide).

Number of Coin Pairs on DigiFinex

A total of 130 coin pairs are available on DigiFinex at the time of writing, including most major cryptocurrencies and plenty of more obscure altcoin, although 99.9% of trading activity occurs within the top 50 coin pairs. Supported coins include LTC, BTC, ETH, EOS, XRP, ONT, RVN, DASH, TRX, ETC, BTT, NEO, and DFT, among others. DigiFinex supports three major stablecoins, including Tether (USDT), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). Most trading, however, occurs within Tether pairs.

Who Owns DigiFinex?

As mentioned above, there’s limited information about the ownership group behind DigiFinex. We do, however, know some basic details. DigiFinex Limited is registered in the Seychelles as a private corporation with offices in Singapore, Shenzhen, and Hong Kong. The ownership group appears to include former employees of companies like Xunlei, Tencent, Baidu, and HP. DigiFinex also lists three main investors, including LinkVC, Green Pine Capital Partners Co. Ltd, and Hanjian Investment.

DigiFinex Features, Benefits, & Reputation

DigiFinex is one of the world’s biggest crypto exchanges by trading volume. After launching in 2018, the exchange grew throughout the year, fuelled by Chinese-language traders interested in low fees and minimal regulations. Today, DigiFinex sits in the top 20 exchanges by 24 hour trading volume. One of the only things that may prevent DigiFinex from reaching the top 5 or 10 may be its fees: with fees of around 0.20% for most pairs, DigiFinex charges twice as much for trades as rivals like Binance and CoinBene, which mostly charge fees of 0.10% and lower. However, the higher fees are expected on an exchange that conducts more thorough KYC/AML verification in a more regulated trading environment.

Overall, the interface, features, and benefits are similar to what you encounter in other major crypto exchanges. DigiFinex emphasizes features like a U.S. SEC-level auditing system, open and transparent market information, industry-leading technology architecture, and a safe and stable trading environment.

DigiFinex also distinguishes itself from the competition with features like a scalable HDM wallet, which involves using a single cold wallet and a multi-layer hot wallet to generate collection addresses with multiple signatures, enhancing the security of funds on the exchange. The SEC-level security audit, meanwhile, is described as “similar to the requirements” the SEC assigns to U.S.-listed companies, including complete logs of all server operations and independent inspections of all server modifications.

DigiFinex KYC & AML Requirements

DigiFinex requires users to complete anti-money laundering (AML) and Know Your Customer (KYC) verification prior to trading on the exchange. You can view complete details of the company’s KYC policy here. DigiFinex has a Compliance Officer responsible for coordinating its KYC policy, and customers cannot make any trades until they are verified. Users are required to provide a name, date and place of birth, email address, phone number, residence address and mailing address, copy of photo ID, and a proof of address statement. DigiFinex also requires business users to complete different KYC/AML requirements. Businesses are required to name the business representative for the account and provide a profile, for example, along with other identifying information.

DigiFinex Fiat Acceptance

DigiFinex does not accept fiat currency deposits, although a handful of USD-based stablecoin pairs are listed on the exchange (USDT, GUSD, and PAX). You cannot deposit or withdraw fiat currency from the exchange; you can only deposit or withdraw crypto.

DigiFinex Trust Level

DigiFinex provides more information about itself and its operation than other crypto exchanges, although it’s not totally clear what type of regulatory scheme DigiFinex operates under. DigiFinex Limited is registered in the Seychelles, although DigiFinex itself is based in Singapore, Hong Kong, and Shenzhen. Although DigiFinex performs audits, it’s unclear if those audits are performed by an independent third party, or if they’re performed internally (although it’s important to note that DigiFinex partnered with blockchain security firm ChainSecurity in December 2018 to enhance its smart contract security). Overall, DigiFinex provides information to suggest it’s more trustworthy than similar exchanges, although it still lacks some of the transparency we appreciate in licensed and regulated exchanges.

DigiFinex Customer Experience & Support

DigiFinex allows users to submit a support ticket online. The help center is also available in Chinese, Japanese, Korean, and Bahasa Indonesian. Generally, users seem to have a good experience with DigiFinex handling support requests 24 hours a day, 7 days a week. However, there does not appear to be a call center or similar helpline available to users. You must submit support requests online.

DigiFinex Security History

DigiFinex has not suffered a major, publicly-disclosed hack in its history. As far as the public knows, DigiFinex has not lost user funds in any major hacking attack or theft to date.

DigiFinex Listing Procedures

DigiFinex seems to have relatively open listing procedures, listing dozens of coin pairs for trading. There are major cryptocurrencies as well as more obscure altcoins. Companies can also list their IPO on the platform. DigiFinex does not disclose its official coin listing policy.

DigiFinex Conclusion

At first glance, you’d be forgiven for thinking that DigiFinex is similar to competitors like Binance, CoinBene, and Bibox. Like those other three exchanges, DigiFinex was suddenly founded in late 2017 after the Chinese government’s crackdown on crypto trading. Unlike those three competitors, however, DigiFinex has taken steps towards being a secure and regulated exchange. The company discloses basic details about its founding team, for example, and has offices in Singapore, Hong Kong, and Shenzhen. DigiFinex has also partnered with third parties like ChainSecurity to perform independent smart contract audits, and DigiFinex appears to protect user funds more seriously than many of its lower-quality competitors.

That added security comes at an added cost. DigiFinex charges trading fees of 0.2% on most pairs. That’s slightly lower than the industry average of 0.25%, although many of DigiFinex’s larger-volume competitors charge fees of just 0.10% for crypto-to-crypto trades, with further discounts available when using utility tokens. DigiFinex doesn’t have that advantage.

Ultimately, DigiFinex remain isn’t as reputable as some of its longer-running competitors, but it’s significantly more reputable than its fellow crypto exchanges that were also founded in 2017. Users pay a slight premium for that security, but the high trading volumes and strong liquidity indicate that users are willing to pay that premium.



ErisX is a Chicago-based cryptocurrency exchange preparing to launch in 2019. When launched, ErisX will offer trading in four cryptocurrencies, including bitcoin, Bitcoin Cash, Ethereum, and Litecoin. ErisX has similar goals to Bakkt: to offer secure, regulated cryptocurrency trading in a safe environment. ErisX also aims to offer a Derivatives Clearing Organization (DCO) offering clearing and settlement services for a variety of exchange-traded digital asset contracts. The company’s platform will be overseen by the CTFC, and ErisX has a pending Money Service Business (MSB) license and Bitlicenses. When ErisX ultimately launches, the company plans to improve the digital asset space for institutional and individual traders alike. There’s plenty of reason to be excited about ErisX: the company has received funding and support from groups like TD Ameritrade, Fidelity Bitmain, Nasdaq, Cboe, Digital Currency Group, and other major players. In the future, TD Amerirtrade and Fidelity customers may be able to access ErisX crypto trading directly from their accounts, paving the way for anyone to trade cryptocurrencies.

P2P / Centralized Centralized
Function Trading
Established 2018
Owners Eris Exchange
Locale Chicago, Illinois, USA
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0%
Benefits Secure, regulated crypto trading
Reputation 10/10

ErisX Establishment

ErisX is a product offered by the Eris Exchange group of companies. Eris Exchange announced the launch of ErisX in 2018. However, the company has operated a regulated Designated Contract Market (DCM) for the past seven years. In July 2018, Eris Exchange announced plans to offer cash-settled swap futures on a new platform called ErisX. The exchange has not yet launched. However, ErisX expects to receive DCO approval from the CFTC in Q1 2019, launch spot contracts in Q2 2019, launch futures contracts in the second half of 2019, and continue expanding its digital asset products with options trading after that. In December 2018, ErisX closed a Series B funding round that raised $27.5 million.

ErisX Trading Volumes

ErisX has not yet launched. Trading volume has not been established. However, ErisX has attracted significant interest from institutional and retail investors. It will likely have strong trading volume at launch.

Number of Coin Pairs on ErisX

ErisX aims to support US Dollar trading with multiple popular cryptocurrencies. Specific coin pairs have not yet been announced. However, we expect ErisX to support multiple major cryptocurrencies, including bitcoin and Ethereum.

Who Owns ErisX?

ErisX was launched by Eris Exchange, a CFTC-regulated Designated Contract Market (DCM), in partnership with Eris Clearing. Both are considered part of the Eris Exchange group of companies, a Chicago-based organization that has operated a regulated Designated Contract Market for the past seven years.

ErisX Features, Benefits, & Reputation

ErisX will offer similar features and benefits to Bakkt. The goal is to create a secure, regulated, institutional-grade crypto trading environment for retail and institutional investors. The reputation of ErisX is enhanced by the number of major names that have already announced support or investment in the platform. Bitmain, TD Ameritrade, C2 Capital, Cboe, Consensys, CTC, Digital Currency Group, Fidelity, Nasdaq, and other major players have all signed on as strategic partners. It’s possible that in the future, we could see ErisX’s trading platform connected directly to the accounts of Fidelity and TD Ameritrade users.

ErisX KYC & AML Requirements

ErisX will require users to complete KYC and AML verification upon launch. Similar to other platforms, this verification process will require you to submit government-issued photo ID.

ErisX Fiat Acceptance

ErisX plans to accept US Dollars. It’s unclear if the company will deal with other fiat currencies.

ErisX Trust Level

ErisX has a strong trust level at this point. The company’s ErisX crypto exchange has not yet launched. However, the company has seven years of experience successfully operating as a DCM in Chicago. ErisX is transparent with its goals, its office location, and its executive team. The website is packed with information about investors and planned products or services.

ErisX Customer Experience & Support

ErisX plans to cater to both retail and institutional investors by offering a strong and secure trading experience. Similar to other major exchange platforms, ErisX will likely have a comprehensive customer service support system. The goal is to give all types of investors a safe, secure, and reliable trading experience.

ErisX Security History

ErisX has a clean security history because the platform has not yet launched. However, the Eris Exchange group of companies, which has been operating for seven years, also appears to have a clean security history. There have been no publicly-disclosed breaches leading to a loss of customer funds, for example, and ErisX seems committed to maintaining high security standards moving forward.

ErisX Listing Procedures

ErisX will likely focus on US Dollar trading with major cryptocurrencies like bitcoin and Ethereum. However, the exchange has not disclosed any official listing policy or procedures.

ErisX Conclusion

ErisX is one of the most promising cryptocurrency exchanges in the space. Backed by some of America’s most influential investors and corporations, ErisX has the potential to grow into one of the industry’s best exchange platforms. Although ErisX has not yet launched, the platform will be launched by Eris Exchange, which has seven years of experience operating as a Designated Contract Market (DCM). Watch for ErisX to compete with Bakkt moving forward as two of the largest and most reputable cryptocurrency exchanges in the space.



eToro is an online forex trading company that began dealing with bitcoin all the way back in 2014. Founded in 2006, the Israeli exchange is known for its easy-to-use mobile investing app, its support for unique investment products, and its marketing towards younger investors. Today, you can buy and sell cryptocurrencies on eToro while also engaging in forex trading, financial spread betting, CFDs, and copy trading. You can access eToro online or through the mobile apps. eToro has made a new push for crypto support in recent months. However, the exchange has a long history of supporting bitcoin: in January 2014, eToro added a bitcoin CFD to its investment instruments, allowing users to easily get a stake in bitcoin through a conventional investment portal. eToro raised $100 million in a private funding round in 2018, which means the brightest years could still lie ahead. eToro is making a particularly strong push to attract young investors in Asia moving forward.

P2P / Centralized Centralized
Function Crypto trading, forex trading, CFDs, financial spread betting
Established 2006
Pairs 14
Owners eToro
Locale Tel Aviv, Israel
Fiat Yes
Trust Level 9/10
Support 9/10
Security History 90%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0% Trading Fees
Benefits Easy, accessible crypto trading
Reputation 9/10

eToro Establishment

eToro was founded in Tel Aviv, Israel in 2006 by Jonathan Assia. Assia has served as CEO of the company since launch. Today, the company has registered offices in Cyprus, Israel, and the United Kingdom. They employ several hundred people worldwide. Initially, eToro was founded as a forex trading platform. In recent years, however, eToro has expanded to offer unique types of financial products through its platform. eToro is also known for its mobile apps that allow investors to easily manage their investment portfolios on the go. Today, eToro continues to be a privately-owned company. The company raised $31.5 million in four funding rounds between 2007 and 2013, then raised $27 million from Russian and Chinese investors in December 2014. In 2018, eToro raised $100 million in a private funding round.

eToro Trading Volumes

eToro doesn’t publish its trading volumes online. However, the platform is one of the more popular trading platforms available today. At the end of 2017, eToro announced it had 8 million opened accounts. Since launching crypto support, eToro’s userbase has grown even further.

Number of Coin Pairs on eToro

eToro supports several major fiat currencies as well as 14 different cryptocurrencies. Unlike a traditional trading platform, you don’t technically match with other traders through eToro. Instead, you just buy cryptocurrencies through your account using whatever fiat currency (or digital currency) you hold. There aren’t technically “pairs”. However, the 13 supported cryptocurrencies include bitcoin, Ethereum, Bitcoin Cash, XRP, Dash, LTC, ETC, ADA, MIOTOA, XLM, EOS, NEO, ZEC, and BNB. All of these coins can be purchased directly through eToro.

Who Owns eToro?

eToro is a private company based in Tel Aviv, Israel with offices worldwide. Although eToro has received over $150 million in private funding over the years, the company continues to be privately owned.

eToro Features, Benefits, & Reputation

eToro allows you to buy cryptocurrency on the same platform where you can buy conventional financial products, foreign currencies, and more. eToro is also known for its copy trading system that allows you to copy the portfolios of some of the biggest users in the crypto community. You pay a small fee to follow these traders, and your account automatically makes the same trades. You can also build your own portfolio using the 13 supported cryptocurrencies listed above.

Another advantage of eToro is that there are no trading fees. You will not pay anything when buying or selling cryptocurrency on the platform. However, there are plenty of other fees on eToro, including hefty withdrawal and deposit fees, copy trading fees, and more. All of these fees are transparently disclosed online. We recommend researching the eToro fees structure before you deposit money.

Some users like eToro because it allows them to access cryptocurrencies in the same environment as other assets. eToro lists fiat currency trading on its platform, for example, stock and commodity trading, and more.

eToro KYC & AML Requirements

eToro requires users to complete KYC and AML verification prior to accessing the platform. Verification is a mandatory part of registering for the platform. eToro is a regulated, licensed company that abides by strict rules. eToro also monitors the platform for any suspicious activity. eToro accepts passports, driver’s licenses, and state IDs as valid forms of government-issued photo ID. You will also be required to upload a separate proof of address document – like a bank statement, credit card statement, or phone bill.

eToro Fiat Acceptance

eToro makes it easy to deposit funds into your account. There are multiple deposit methods. eToro accepts deposits from most major national currencies. However, all trading on eToro is done using US Dollars. Your money will be converted to USD (with a fee) after it’s deposited into the platform. Popular deposit methods for eToro include China Union Pay (Hong Kong), credit card or debit card, Giropay, Neteller, PayPal, Skrill, WebMoney, wire transfer, Yandex, and local online banking transfers for Malaysia, Thailand, Indonesia, and Vietnam.

eToro Trust Level

eToro has been successfully operating since 2006. The company has a long history of protecting the funds and information of users. eToro also abides by all applicable regulations and requirements in its supported countries. Overall, eToro has been successfully operating since before bitcoin even launched. No other crypto exchange can claim the same history.

eToro Customer Experience & Support

eToro generally has okay customer support. The company has received moderate reviews online for handling customer concerns in a timely way. You can contact the company by phone, email, or support ticket. We do tend to see more complaints about eToro’s customer service online than we have with other exchanges and payment platforms, however, so be aware that there may be some issues with eToro’s customer service.

In terms of customer experience, eToro has mobile apps, an easy desktop interface, and other elements that go into a strong customer service experience. The platform tends to cater to traders from a younger demographic.

eToro Security History

eToro does not appear to have suffered any major security incidents to date. The company has a clean security record with no publicly-disclosed security breaches. eToro stores customer funds in regulated, licensed banks in the countries in which it operates. Unless those banks are attacked, it seems unlikely that eToro would suffer a major breach.

However, eToro’s security history isn’t completely clean. In 2013, eToro was fined 50,000 EUR by CySEC due to detected weaknesses within its organization and operational structure dating back to 2010. The company has also been criticized for allowing binary options trading. The province of Quebec, for example, banned eToro for encouraging users to invest in binary options trading.

eToro Listing Procedures

eToro appears to list any popular cryptocurrency on its platform. They do not appear to have pre-defined rules or regulations governing which cryptocurrencies to list on the platform. Today, eToro offers 13 different cryptocurrencies.

eToro Conclusion

eToro is primarily a CFD broker, although the company has supported bitcoin since 2014 when it launched its first bitcoin CFD. In recent years, eToro has expanded its crypto trading support. Today, the platform supports 13 different cryptocurrencies. You can deposit virtually any fiat currency into the platform and then have that amount converted into US Dollars, at which point you can use that money to buy any of the 13 cryptocurrencies. There are no fees for trading, although eToro charges fees for deposits, withdrawals, and other exchange activity. eToro is a well-established and well-funded financial platform with a history that began before bitcoin was even launched, making it one of the more trusted members of the crypto community – even though it’s a trading platform and not technically a crypto exchange.



The Gemini exchange has always been a crypto platform destined to be noticed, founded as it was by the Winklevoss twins. The brothers Cameron and Tyler are probably most famous for successfully suing Mark Zuckerberg for running alone on the Facebook project, something the twins claimed they helped initiate.

They are also famous for having become bitcoin billionaires in the coin’s rise over the last two years, having bought a substantial holding several years ago. After gaining some $65 million in settlement with Zuckerberg, the brothers invested $11 million in Bitcoin, making them one of the single largest BTC holders in the world.

The brothers’ long-term confidence in bitcoin developing as a global store of wealth filters through the exchange. The platform has clearly been built for a professional experience of crypto, destined to grow into the future. With tremendous financial backing and a focus on high net worth individuals and institutional funds, the Gemini exchange has been pitched as a dedicated bitcoin and ether trading facility. The exchange is also enabling fiat users to buy into digital coins.

In just two short years, the company has grown to be a respected, prominent digital exchange with impressive trading volumes. Consistently in the top 20 of busy exchanges, Gemini is attractive to many especially institutional traders for being a bridge between legacy financial markets and the cryptosphere.

The site is intuitive and easily navigated, even for newcomers, while live data and trading intel populate the platform in a logical, user-friendly manner. The platform is currently open to users from some 45 American states, Canada and Puerto Rico to the north and south, the UK across the Atlantic, and Korea and Singapore in the far east.

P2P / Centralized Central
Function Trading
Established 2015
Volume $44 Million
Pairs 6
Owners Tyler Winklevoss, Cameron Winklevoss
Locale USA
Fiat Yes
Trust Level 10/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0 – 0.25%
Benefits Advanced, security
Reputation 9/10

Gemini Establishment

The exchange was launched in October 2015 and its name is a play on the twinned nature of brothers Tyler and Cameron, Gemini being the zodiac twin symbol.

Gemini Trading Volumes

Trading volumes on the exchange sit around $44,419,524. It is noteworthy that while the platform enjoys diverse and perpetual retail trader patronage, business and big-hitter investment and trade through the exchange is more pronounced than most others.

Aimed at the outset at being a top-tier exchange, were a crypto Wall Street to exist, the brother’s financial clout and proximity to legacy brokerages and other fintech outfits has also styled the platform.

The Number of Coin Pairs on Gemini

A total of only six coin pairs are hosted on the exchange, with the core offer centered on BTC/USD, ETH/USD and also ZEC/USD.

Gemini Owners

Gemini Exchange is still owned by twin brothers Cameron and Tyler Winklevoss.

Gemini Operating Location

The exchange is based in the crypto-centric state of New York and is registered as a New York State limited liability Trust. Gemini has from the beginning tied into developing regulatory requirements, even mooting a self-policing crypto industry body, which they proposed Gemini leads. The exchange’s persistent lean towards top-end legacy financial expertise and application certainly gives it the credibility to establish such an industry body.

Legislators the world over have now issued their initial barrage of regulations set to control digital exchanges, and protect consumers. The platform attracts many for its manifest security protocols and relatively prompt and efficient transactionality.

Gemini’s Main Function, Features, Benefits, and Reputation

The principal benefit of the exchange for the majority of users is simply the ability to buy and trade BTC, ETH and Zcash (ZED). The platform also accepts fiat bank transfers that are immediately available for trading, and a high percentage of traders concentrate on the BTC/USD pair. Unlike many other exchanges, the exchange perpetuates the ethos of the original one and only digital coin being the prime focus, alongside the dollar’s international appeal.

Users can also tap into ethereum, with zcash the final coin deemed worthy of purchase and speculation. Users have the pleasure of immediate functionality with wire transfers, but funds cannot be withdrawn until the deposit has fully cleared.

The exchange’s marketplace allows users to submit Market Orders, being orders filled immediately at prevailing prices and Limit Orders that enact when prices reach a predetermined level. Traders also employ Immediate or Cancel (IOC) Limit Orders – orders immediately filled at the prevailing or better price and Maker or Cancel (MOC) Limit Orders, being orders that enact based on a specified-price, continuous order book.

Gemini also resembles many legacy exchanges in that it is essentially a “full reserve” exchange, meaning that all the orders users make on the platform are funded completely. This is not the same as margin trading – something Gemini doesn’t offer – and users will find their orders canceled if their order books’ outstanding interest exceeds their account balance in any given moment.

Gemini allows users to deposit all trading currencies without charge, and also grants 30 free withdrawals within one calendar month. Any additional withdrawals over and above the pegged value of the free withdrawals attract the relevant network mining fee.

Actual trading fees are 0.25 percent for both makers and takers, although higher trade volumes attract a reduced percentage. Makers will pay zero fees for a 30-day trading volume of 100,00 ether or 5,000 bitcoin.

A rising need of institutional investors and one currently being mooted if not implemented by some others, custody services are available at Gemini, a further indicator of their institutional focus.

The exchange doesn’t accept any other fiats except the USD, and although ether and zcash represent new pairs, it is a focused, tailored and professional trading post, not being many coins to many people. The addition of Zcash is indicative of the company’s analysis and belief in the cryptocurrency as a rising star.

Gemini KYC and AML Requirements

Being at the forefront of the industry’s welcoming of global regulation in order to safeguard consumers and generate a professional, safe image, Gemini users will need to submit all key identifying documentation for a thorough verification process. Because of its focus, security is visible, transparent and top of the agenda.

Gemini Fiat Acceptance

Gemini does accept fiat currency, but only the USD is welcome as a means of deposit, trade and withdrawal for fiat entrants.

Gemini Trust Level

Gemini has always been expected to and has manifested the highest level of security possible. As an exchange offering custody and pitching for corporate money, security maintenance is possibly even more pronounced and  imperative on the platform.

Users enjoy their USD holdings on the exchange being insured with the Federal Deposit Insurance Corporation (FDIC), and the exchange cold vaults holdings while also employing all now-standard security protocols typical of digital exchanges all over the world.

Gemini Customer Experience and Support

Institutional investors might appreciate the corporate-level sense of security, but it is equally attractive to individual traders as well. The exchange’s commitment to security, as well as its tailored offering with very competitive fees, is making it a popular, growing platform, already among the top 20 in the world.

Gemini Security History

The Gemini exchange has never been hacked and probably due to its larger than usual dedication to and display of security protocol upon protocol – necessary architecture to entice institutional funds – remains known as a fierce and savvy manager of users’ security.

The exchange’s copious application of needed protocols to address crypto regulations and innumerable imaginings of consumer protection legislation also sees online assets hosted on Amazon Web Services, resulting in additional security layers.

Gemini Listing Procedures

User input on coin listings isn’t enabled, and the exchange is one where listed coins are a closed book, at least closed to user input, beyond the obvious ability of any user to make suggestions nonetheless. There are, however, no real given protocols users can follow to formally request coin listings.

Gemini Conclusion

Gemini redefines what a “solid digital exchange” looks like, being highly professional, savvy and security-driven. The exchange has a sterling public reputation and, far from being seen as elitist, many average coin traders favor the exchange too, attracted by the same benefits as institutional traders.

Although a relatively new exchange in the cryptosphere, its model has been well received, and the public typically expect nothing but extreme professionalism and fiduciary duty from the Winklevoss twins.

At current interest levels and in evaluating the company’s stance and procedures, it must be concluded that the future will very likely see Gemini ranked within the very top tier over the short term. In spite of its sophistication, the exchange makes it easy for all comers, big and small, to trade digital assets with ease and simplicity.

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Gibraltar Blockchain Exchange

Gibraltar Blockchain Exchange, found online at, aims to be a next-generation digital asset exchange supporting institutional-grade trading. The platform is available via desktop, iOS, and Android. The Gibraltar-based exchange was launched in 2017. Also known as GBX or GBX Limited, the exchange is a subsidiary of the Gibraltar Stock Exchange. Overall, GBX aims to bring some much-needed transparency, regulation, and insurance to the world of crypto exchanges. In addition, GBX allows users to host digital token sales on its platform in exchange for a fee. Let’s take a closer look at what GBX has to offer.

P2P / Centralized Centralized
Function Trading
Established 2017
Volume $1 Million
Pairs 25
Owners GBX Limited (a subsidiary of the Gibraltar Stock Exchange)
Locale Gibraltar
Fiat Yes
Trust Level 9/10
Support 9/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0 – 0.15%
Benefits Easy crypto trading in a regulated, insured environment
Reputation 10/10

Gibraltar Blockchain Exchange Establishment

Gibraltar Blockchain Exchange was founded in 2017 under the name GBX Limited. The Gibraltar-based exchange was launched with the goal of creating “the crypto harbour”, or a space where companies could safely launch a token in a regulated and secure environment. The long-term goal of GBX is to create a blockchain-based stock exchange. For now, however, GBX is focusing on launching an effective cryptocurrency exchange powered by its native STACS token. Key members of the GBX team include Nick Cowan (CEO), Philip Young (Marketing Director), William Rawley (Legal Counsel), and Adrian Hogg (CFO). Overall, GBX is transparent about who’s running the company. The website features the lists of all major individuals involved. There’s also a full list of partners invested in the project.

Gibraltar Blockchain Exchange Trading Volumes

Gibraltar Blockchain Exchange has 24 hour trading volume of around $1 million USD. As of February 2019, the top pairs on the platform include BTC/USD, LTC/ETH, ETH/USD, and ETC/ETH, which collectively account for over 70% of the trading volume on the platform. However, GBX has strong liquidity across all pairs listed on its platform.

Number of Coin Pairs on Gibraltar Blockchain Exchange

Gibraltar Blockchain Exchange has 25 different coin pairs listed on its platform, including many major cryptocurrencies and several lesser-known cryptocurrencies. GBX accepts token sales on its platform, which is why you see a few random tokens listed on the orderbook. Overall, GBX features major cryptocurrencies like BTC, LTC, ETH, ETC, XRP, EOS, BCH, and TRX along with just one fiat currency the US Dollar. The orderbook also features several STACS pairs, including STACS/USD, STACS/BTC, and STACS/ETH. STACS are the native token for the GBX platform, allowing users to enjoy discounted trading fees. Finally, more obscure tokens listed on the platform include Maecenas (ART), IOST (IOST), and Bluzelle (BLZ).

Who Owns Gibraltar Blockchain Exchange?

Gibraltar Blockchain Exchange is owned and managed by a Gibraltar-based company called GBX Limited. GBX Limited is a subsidiary of the Gibraltar Stock Exchange.

Gibraltar Blockchain Exchange Features, Benefits, & Reputation

The key benefit of working with Gibraltar Blockchain Exchange is being able to work with a regulated, licensed, and insured entity. In a world where cryptocurrency exchanges can rarely be trusted, GBX aims to bring the strong reputation of the Gibraltar Stock Exchange to the table. Thanks to GBX, users can trade major cryptocurrencies with the USD in a safe, regulated environment.

GBX also has a very competitive fee structure – especially if you take advantage of the company’s STACS token. GBX’s native STACS token gives you a steep discount on trading fees. In fact, if you hold more than 500,000 STACS tokens in your account, then you won’t pay any transaction fees or deposit or withdrawal fees. If you hold more than 10,000 STACS in your account, then you will pay transaction fees of just 0.075% on most trades. Meanwhile, all users with a STACS balance less than 10,000 will pay a fee of 0.1% to 0.15% for all trades – which is still very competitive. Overall, GBX has very competitive fees – especially considering that it offers USD trading. And, unlike other exchanges with cheap trading fees, GBX doesn’t surprise you with high deposit or withdrawal fees. There’s a $0 USD withdrawal fee for USD withdrawals, for example, and a 0.0005 BTC withdrawal fee for BTC.

Gibraltar Blockchain Exchange KYC & AML Requirements

Gibraltar Blockchain Exchange has strict KYC and AML requirements, which is to be expected of a regulated, licensed exchange. Users are required to verify their identity and residency prior to trading on the platform or buying tokens during token sales on the platform.

Gibraltar Blockchain Exchange Fiat Acceptance

Gibraltar Blockchain Exchange deals with only one fiat currency: the US Dollar. Users can deposit the US Dollar into the platform. Several USD trading pairs are available on the exchange, including BTC/USD, ETH/USD, and EOS/USD. Officially, GBX accepts GBP and EUR as well as USD, although only USD pairs are currently listed on the public exchange.

Gibraltar Blockchain Exchange Trust Level

Gibraltar Blockchain Exchange is one of the more trusted exchanges in the crypto industry today. The company is a subsidiary of the Gibraltar Stock Exchange. The exchange is also very transparent about its operations, its fees, and its management team, among other features. Unlike other exchanges that try to obfuscate this information, GBX displays it openly for anyone to see.

Gibraltar Blockchain Exchange Customer Experience & Support

Gibraltar Blockchain Exchange has comprehensive customer service available via phone and email. You can submit an online form to get in touch with the company. Representatives of the company can also call you back if you provide your phone number on a support ticket. Overall, customers seem to have a good experience with GBX’s customer support and service team.

Gibraltar Blockchain Exchange Security History

Gibraltar Blockchain Exchange has a clean security history with no breaches, incidents, or hacks that have been revealed to the public. As far as we know, the exchange has never suffered a major loss of customer funds, nor has it experienced any devastating hacking attack. GBX seems to have strong security procedures in place to protect users.

Gibraltar Blockchain Exchange Listing Procedures

Gibraltar Blockchain Exchange allows certain startups and coins to list on the platform. GBX has helped startups launch token sales in a safe, regulated environment. Tokens need to meet certain regulatory and security standards before being listed on GBX. First, they need to be approved by a “GBX Sponsor Firm”. All token issuers will need to be approved through a Sponsor Firm before being submitted to the GBX Grid for approval. Sponsor Firms include companies like Techemy Advisory, Blockchain Assets Capital, Crypto SA, and Pegasus Fintech among others. Users interested in listing a token through GBX will need to contact one of these Sponsor Firms to get started.

Gibraltar Blockchain Exchange Conclusion

Gibraltar Blockchain Exchange is a popular cryptocurrency exchange operating as a subsidiary of the Gibraltar Stock Exchange. It’s a licensed, regulated, and well-respected entity with a strong history of customer service and security. In addition to operating a straightforward cryptocurrency exchange, GBX partners with startups to launch token sales. A startup that wants to conduct a token sale in a regulated environment can rely on GBX to get the job done. Overall, GBX is a regulated cryptocurrency exchange based in Gibraltar to provide secure cryptocurrency trading and token sales to users. To learn more about the exchange, visit online today at



The HitBTC exchange bills itself as “the most advanced bitcoin exchange.” Based on technical architecture and overall user ratings of the platform, they make a fair claim.

In operation for some five years, the exchange offers an extensive market range, while also making things as simple as possible for as wide a range of traders as possible to easily buy and trade crypto.

HitBTC is the brainchild of several fintech professionals, traders and IT developers. The platform is both advanced and intuitive enough for seasoned and newcomer traders. Although most make that claim, on HitBTC there really are a few tweaks and tucks that result in a welcoming exchange for all, at little compromise if any of either skilled dedicated traders or newbies. The platform’s core engine sports some innovative features, while users also point to consistent uptime, the massive coin pair range of over 800 coins, and high availability.

The exchange represents a highly liquid, low-fee and no-limit platform suitable for everyone looking for diversity of offering and intelligent trading. Having suffered a hack circa 2015 – an unfortunate incident more due to teething issues on a brand new platform and one that was quickly patched – the exchange must carry that stigma, yet few have visibly translated such a turn of events into publicly evident watertight solutions as HitBTC have.

The company is now among the most secure digital exchanges, seemingly having learned from its infantile mistake. It is widely believed that the hack was more a result of team naivety around the intensity of cybercrime, rather than any ineptitude or lack of expertise, as the exchange is now topnotch on user security issues.

P2P / Centralized Central
Function Trading
Established 2013
Volume $240 Million
Pairs 850
Locale Hong Kong
Fiat Yes
Trust Level 9/10
Support 7/10
Security History 70%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0 – 0.1%
Benefits Diversity, advanced
Reputation 9/10

HitBTC Establishment

The HitBTC exchange was launched in 2013 in Hong Kong.

HitBTC Trading Volumes

The site is a massive diversity of digital tokens, and daily volumes currently sit around $240,380,000. The HitBTC exchange has a fairly consistent patronage and has cornered at least the local trade-it-all market

The Number of Coin Pairs on HitBTC

While exchanges listing 500+ coin pairs are deemed heavily populated, HitBTC goes further, offering a whopping 850 coin pairs. The pair numbers do fluctuate, even according to the exchange’s own intel online, but the platform is a very large diversity of digital coins.

HitBTC Owners

The exchange is the project of owners HIT Solution Ltd., a Hong Kong IT enterprise.

HitBTC Operating Location

The exchange is based in crypto-centric Hong Kong, although globally accessible. Foreign verification is often a slower process than overnight, very often taking weeks, although many deem it worth the wait.

HitBTC’s Main Function, Features, Benefits, and Reputation

Beyond the marketing copy of being “the most advanced bitcoin exchange,” the platform has gained a reputation for extreme technical excellence or at least savvy, most likely spurred since the hack. Loyal fans point to a high liquidity and the fact that there are no deposit or withdrawal limits on the exchange.

Although a body of advanced traders find the platform limited in tools, another far larger school values the engine’s collating abilities, noting that the site is fluid and fast and among the best in the world for intuitively supported trading.

Overall, even advanced traders who trade elsewhere acknowledge that, as a compilation, HitBTC is an accomplished  trading site. Newcomers encounter better than average onsite intel with a good blog resource and sense of community. There are diverse order types available, and OTC trading is also a big feature of the exchange for many.

Fees are very competitive and the exchange has presented as a detailed and sophisticated offer to all comers, something many attempt but which often seems to denude their offer. Security is paramount to the team, and in a sense, HitBTC was a test case and “lucky” beneficiary of the impetus to meet watertight security before it reached the top of everyone’s agendas this year.

The exchange charges market makers zero fees, while market takers (buyers) pay 0.1 percent only. Bot trading enthusiasts prize the platform for its robot-friendly API, something likely to further grow the exchange’s volumes, as digital platforms see more and more bot trading.

HitBTC KYC and AML Requirements

Typical of hypersensitive and highly responsive Asian exchange, with the Chinese dragon on their doorsteps, HitBTC enacts AML and KYC protocols. These are broadly aligned to global standards and although not onerous, do involve users submitting documents for verification. HitBTC has attracted some complaints about times taken for final verification, and the exchange seems either particularly thorough or particularly tardy on the issue.

HitBTC Fiat Acceptance

Users are able to employ fiat currencies on HitBTC.

HitBTC Trust Level

The trust level on HitBTC is high, and for once, it really does appear that a formerly hacked exchange has generated great loyalty and reputation largely through ts response to adversity.  The exchange now ranks as one of the safest, and operating in the strict Hong Kong fintech arena means guaranteeing a certain level of professional build that encompasses consumer protection protocols.

HitBTC Customer Experience and Support

Locally very loyal fans boost international visitors through their participation in the exchange’s affiliate program, which essentially pays existing users for signing up new users. This is not unique, except that with HitBTC, users can glean up to 75 percent of friends’ trading fees for signing them up. This is a far more substantial value for existing traders than most affiliate programs.

Support seems better than the average exchange, although this is no real accolade. To be fair, users typically experience a far higher level of intelligent support than the majority of exchanges – although lag times when dealing with people’s money are always a sore point, as evidenced online. Support on the exchange is generally good albeit slow, and the company is transparent and active on social media as well.

HitBTC Security History

The HitBTC exchange was hacked very shortly after launch, in 2015. Today, the exchange is hyper-secure and onsite displays of this include users being able to monitor all account activity under the “Security” tab onsite. Standard security protocols are in play onsite and the exchange also cold vaults majority holdings as standard practice.

Users busy trading also have the choice of terminating all open sessions immediately and essentially freezing their exposure. 2FA and the typically layered security protocols of virtual exchanges are all manifest on HitBTC.

HitBTC Listing Procedures

The exact listing procedures the company employs are hard to pinpoint, at least in terms of to what extent users succeed in getting their nominated tokens listed. That said, on one of the most extensive coin range exchanges in existence, listings are copious and constant, while dead-end coins are also regularly removed from the platform.

In an arena where pumping and dumping is an openly advertised phenomenon, the activity on HitBTC is almost a part of the fabric of the exchange, and doesn’t seem to elicit the same negative responses as on other exchanges.

HitBTC Conclusion

HitBTC was there at the beginning of digital exchanges’ emergence into becoming a common reality. The exchange seems a savvy marriage of sufficient sophistication and also intuitive architecture that welcomes all comers. Traders value the extensive tools and instruments, while newcomers value the global outlook the platform entertains in its range of coins.

Although some slow withdrawal times have prompted users to complain in online forums, as well as other user complaints about the slow verification rate, the exchange remains a high-volume, highly liquid venue with great UI and extremely fast, current data available to traders.

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The Huobi exchange was always going to be a professional platform, launched as it was as a project of the Huobi Group. Quite remarkably, having been originally a Chinese undertaking, the company relocated seamlessly to Singapore, Korea and other locales during 2017, anticipating the current Chinese ban on crypto.

A diversified company, although all aspects are related to digital currencies, the Huobi group also has interests in overall blockchain advancement through Huobi Labs, as well as mining pools and other crypto pursuits.

The exchange’s model is that of a diversified, legacy-modeled exchange, offering a substantial number of coin pairs and extensive trading tools and intel. Although focused largely on the Southeast Asian market, the exchange is slowly growing its international user base, largely on the back of a detailed, professional offering and competitive fees.

P2P / Centralized Central
Function Trading
Established 2013
Volume $500 Million
Pairs 300
Owners Huobi Group
Locale Korea, Singapore, Japan
Fiat Yes
Trust Level 9/10
Support 7/10
Security History 95%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.20%
Benefits Diversity, advanced
Reputation 9/10

Huobi Establishment

The Huobi exchange was officially launched in September 2013, some months after the company had first launched a trial platform. Since May 2018, the exchange has often declined American traders due to regulatory concerns that inhibit their participation.

In order to address this, the company has established offices in the US as a logical next step, although many Americans can still register accounts but not actively trade with them.

Huobi Trading Volumes

The exchange has seen rising trading volumes since inception. Volumes currently sit around $500,100,724, although movements of over a billion a day are frequent. Huobi is huge in terms of overall bitcoin trading volumes, for one, and ranks among the biggest digital exchanges in the world.

The Number of Coin Pairs on Huobi

A diverse offering greets users on the platform, with almost 300 trading pairs hosted by the exchange. The company, while swayed by and indeed built to accommodate typical Asian enthusiasm for a variety of cryptocurrencies with which to trade, has nonetheless also presented as a more measured platform than a rank free for all.

Some other digital exchanges have modeled themselves as all cryptos to all people, but Huobi remains a good blend of relevant coins and advanced trading tools, all of which consistently attract a host of day and swing traders.

Huobi Owners

The Huobi exchange is wholly owned by the Huobi Group, still essentially a Chinese company servicing Southeast Asia’s enthusiasm for digital currencies. The actual founder of the digital exchange arm of the group was Leon Li, the current CEO.

Huobi Operating Location

The Huobi exchange (or Huobi.Pro) has offices in Seoul, South Korea, Singapore, Tokyo and elsewhere throughout Southeast Asia. There are now also offices in San Francisco, California.

Huobi’s Main Function, Features, Benefits, and Reputation

The Huobi exchange’s principal feature for the majority of users is the diverse coin offering, alongside the professional and intuitive presentation. The exchange offers margin trading and competitive fees, which sit at 0.2 percent across the board.

The benefit of being a homegrown, Chinese-language exchange is valued by millions of Asians, although the exchange has managed to present a seamless experience for English speakers as well.

The UI is elegantly simple, with both newcomers and seasoned traders at home on the site. The exchange’s reputation runs high globally, and it is known as a secure, simple yet savvy platform for a host of different trader types.

Newcomers value the modest fiat acceptance and advanced traders value the diversity of coins alongside standard trading tools, including the offer of margin trading. There is also a lot of OTC trading on the exchange, where verified merchants can move a large quantity of digital coins without risking exposure to slippage.

Sellers and buyers are directly matched for a brisk OTC experience, although how much institutional trading takes advantage of the facility isn’t clear.

Huobi KYC and AML Requirements

The Huobi platform accommodates international KYC and AML norms, and users will have to fully identify if they wish to employ the exchange. This includes the now-frequent necessity of submitting a selfie, where a user is seen holding their ID document close to their face, as well as other usual document submission.

In line with many peers modeled similarly – and averse to any flouting of international protocols that might affect the exchange’s status – the platform asks users to forsake any idea of anonymity and fully identify themselves prior to trading.

Huobi Fiat Acceptance

The exchange does allow users to buy into listed coins using fiat currency, and the Chinese yuan and US dollar predominate on the Huobi exchange.

Huobi Trust Level

Customer trust levels are high on the exchange, as it has been a consistent, transparent platform since inception. Apart from never having lost funds to an attack, customer support is also something most digital exchanges still only dream of, another reason for the extremely positive user feedback.

Huobi Customer Experience and Support

Support on the average digital exchange has to rank the industry at the bottom end of a consumer life on earth. Yet Huobi has an enviable reputation of typically sorting user support tickets within hours, rather than days or even weeks elsewhere. To be fair to the exchange, having a domestic focus is no guarantee of good service, especially when the home front is the massive region of Southeast Asia.

Huobi’s support is good, viewed as an objective metric devoid of geographical considerations. The exchange’s professionalism is probably most valued by clients on the receiving end of support, which is typically light years ahead of many of its peers.

Huobi Security History

The Huobi platform was allegedly “hacked” in 2015, although no funds were stolen. The platform went down for a few hours, and no one lost any funds, resulting in the broad perception that the downtime was merely super-caution in the face of an attempted hack. To date, the exchange remains officially unbreached and secure.

Huobi Listing Procedures

Huobi makes coin listing easy with an automated protocol that enables users to list tokens for inspection and listing. Due to intense analysis and other possibly unknown reasons, the exchange manages to avoid being a pump and dump site, although of course various coins fare better than others after listing.

Dud coins are removed from the exchange as time passes, yet many other multi-coin exchanges are known to attract pump and dump schemes, something Huobi has largely avoided.

Huobi Conclusion

At the outset, the team seems to have hit a high note for particularly Asian crypto traders. That value has now enticed traders from all across the globe. A detailed range of coin pairs, with advanced trading tools that all still come down to an offer simple enough to onboard complete newcomers, the exchange’s peripheral pursuits simply add to its attraction.

Known as a dedicated blockchain incubator and savvy digital coin trading platform, the overall standing of the company also goes towards its credibility and value for the average patron.

Foreign users might still encounter issues with registration, as Chinese protocols regarding the rendering of names, for one thing, can confuse and delay registration. The platform overall, however, presents as a popular, intuitive and easy-to-use digital exchange, catering for both new entrants into the world of crypto, as well as seasoned coin traders.

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itBit is a crypto asset trading platform and custody service catered to retail traders and institutional investors. Users can trade on the ordinary exchange or access itBit’s OTC desk through a single account. itBit is a regulated financial services provider based in New York City. Today, the exchange focuses on offering a small number of high-volume trading pairs. Trading and custody services are available for bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Stellar Lumens (XLM). itBit also offers comprehensive FIX and REST trading APIs and strong customer service, making it one of the better-rated crypto exchanges on the market today. As of February 2019, itBit has a 24 hour trading volume of around $7 million, placing it in the top 75 cryptocurrency exchanges worldwide.

P2P / Centralized Centralized
Function Trading
Established 2012
Volume $7 Million
Pairs 6
Owners itBit PTE Ltd. / Paxos Trust company, LLC
Locale New York City, New York, USA
Fiat Yes
Trust Level 9/10
Support 9/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 5 to 25 basis points (based on trading volume); 0% maker fees
Benefits OTC and retail bitcoin trading from a safe, regulated exchange
Reputation 10/10

itBit Establishment

itBit was launched in 2012 with the goal of offering powerful crypto asset trading services for institutions and trading professionals. The itBit exchange wasn’t launched until May 2015, however, when itBit obtained a trust company charter and opened the first regulated bitcoin exchange in the United States. Today, itBit continues to cater to institutional traders with its popular OTC trading desk, custody solutions, and escrow services. itBit is available to customers in the United States and worldwide.

itBit Trading Volumes

As of February 2019, itBit has trading volume of around $7 million per 24 hour period, placing it in the top 75 cryptocurrency exchanges by trading volume. However, this is exclusively the trading volume reported by Coinmarketcap, which does not include OTC trading volume. The actual trading volume of itBit is much higher when accounting for OTC trades. Since itBit does not disclose OTC trading figures, we cannot determine the actual volume of the exchange, although it seems likely that it’s significantly higher than the $7 million reported by crypto exchange ranking websites.  

Number of Coin Pairs on itBit

itBit offers six different coin pairs, including BTC/USD, ETH/USD, BTC/EUR, ETH/EUR, BTC/SGD, and ETH/SGD. Whether you’re trading the US Dollar, Euro, or Singapore Dollar, you can buy and sell the top cryptocurrencies and fiat currencies using itBit. Again, these are only the pairs available to retail traders, and more trading pairs are available via the OTC trading desk. itBit officially supports trading and custody of bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Stellar Lumens.

Who Owns itBit?

itBit is operated by itBit PTE. Ltd and Paxos Trust Company, LLC. Paxos Trust Company does business as itBit Trust Company, LLC, so you will also sometimes see the owner of the exchange referred to as itBit Trust Company, LLC.

itBit Features, Benefits, & Reputation

itBit is best known for catering to professional and institutional traders by offering a high-quality, high-volume OTC and retail trading platform. Institutional investors seeking to move high volumes of fiat or crypto can use itBit while enjoying competitive fees. Retail investors, meanwhile, can also access several major trading pairs on itBit. However, if you’re looking for an exchange catered to the average retail investor, then itBit may not be what you’re looking for: this exchange is largely focused on institutional investors and professional investors.

In terms of fees, itBit does not charge any fees on maker accorders. However, they charge fees of 25.00 to 5.00 basis points on taker orders based on your 30-day rolling trading volume. If your trading volume is between $0 and $600,000 over the last 30 days, then you will pay a fee of 25.00 in basis points. To qualify for the 5.00 basis points taker fee, you will need to trade over $60 million USD in each 30 day rolling period.

itBit KYC & AML Requirements

itBit is a New York City-registered company operating as a financial services provider. Understandably, the exchange has strict KYC and AML requirements. Users are required to complete verification when registering for an individual account or institutional account. Although you can create an account without completing KYC/AML verification, you will need to complete verification before you start trading.

itBit Fiat Acceptance

itBit accepts multiple major fiat currencies, including the US Dollar, Euro, and Singapore Dollar. It’s possible that other fiat currencies are supported through the OTC trading desk. However, these are the core fiat currencies currently supported by the platform.

itBit Trust Level

itBit has been successfully operating since 2012 and running an incident-free crypto exchange since 2015. The New York City-based exchange has a strong trust level. Today, it’s trusted by institutions in the United States and worldwide to provide easy, effective crypto trading. itBit is also transparent about its fee structure and other aspects of the exchange.

itBit Customer Experience & Support

itBit is known for its strong customer experience and support systems. The exchange has a comprehensive support center where users can access frequently asked questions. You can also contact customer service directly to answer any questions you might have.

itBit Security History

itBit has a clean security history. The exchange has never suffered a major, publicly-disclosed hacking incident or attempt. Although there were small rumors of a hack back in 2016, those rumors appeared to have been completely unfounded. Today, itBit continues to operate smoothly. We can find no major security breaches, hacks, or losses of customer funds on itBit’s record.

itBit Listing Procedures

itBit appears to focus on listing a small number of high-volume cryptocurrencies as opposed to listing a large number of trading pairs. itBit does not disclose its listing procedures or policies. Today, however, the exchange offers bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Stellar Lumens for both trading and custody services. It’s unclear if itBit is planning to add any cryptocurrencies in the near future.

itBit Conclusion

itBit is one of the most legitimate and popular cryptocurrency exchanges for institutions and professional traders. Although the ordinary crypto trading volume is average, much of itBit’s trading volume occurs off the public orderbooks on the OTC trading desk. itBit’s OTC trading desk allows investors to make trades without alerting the market. itBit matches large buy orders with large sell orders while keeping the trade off the orderbooks. Meanwhile, traders can also rely on itBit for its effective crypto custody solutions, including its bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Stellar Lumens trading and storage.

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The Kraken exchange was founded in 2011, making it something of an old boy among digital exchanges. Although decidedly bitcoin-focused, the exchange is neither an exclusive bitcoin trading platform nor one of the highly diverse exchanges, where sometimes hundred of coins are on offer.

Another member alongside Coinbase and others of the San Francisco crypto industry, Kraken has enjoyed consistent adoption since inception, its popularity based largely on its intuitive architecture and watertight security.

Although New York has a strong crypto presence too, San Francisco is becoming known as the home base of several giants of the cryptosphere. The San Francisco area also leads the world when it comes to merchants accepting bitcoin payment, with over 200 merchants in the area accepting the digital coin.

Kraken is unusual in that it has always been a decidedly American exchange, yet manifested strong international appeal. This is seen in the fact that it is leading the world in BTC/EUR trading volumes.

The platform is sleek and intuitive and provides copious intel for experienced users to employ margin trading and advanced orders. With that said, many newcomers find their way into crypto via this exchange, as it is sufficiently simple and diverse in offering, while still enabling fiat transactions.

P2P / Centralized Central
Function Trading
Established 2011
Volume $173 Million
Pairs 50
Owners Jesse Powell
Locale USA
Fiat Yes
Trust Level 9/10
Support 5/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.08 – 0.3%
Benefits Diversity, advanced
Reputation 9/10

Kraken Establishment

The Kraken exchange was launched some seven years ago, in 2011, by the current CEO, Jesse Powell. The platform was only offered as a public trading space in September 2013.

Kraken Trading Volumes

During May of 2017, the Kraken exchange set a record for trading volumes documented in a 24 hour period. Although publicity often claims it is the largest bitcoin exchange in the world, it is but one of the largest, with impressive volumes.

Buoyed to some extent by EUR/BTC trades, the exchange targets America, Europe and Japan to generate its primary user base. The Kraken exchange has a market cap sitting at $115,510,812.

The Number of Coin Pairs on Kraken

There are just over 50 coin pairs offered on the Kraken platform, and the exchange maintains its original bitcoin focus.

Who Owns Kraken?

The Kraken exchange is owned by founder and CEO Jesse Powell. The exchange also became a Bloomberg Terminal source during 2014, indicative of its standing in the cryptosphere.

Kraken’s Main Function, Features, Benefits, and Reputation

The exchange performs mainly as a portal where new and existing users can trade fiat with bitcoin, while also offering a range of other fiat/crypto pairings. The company has one of the grandest reputations for security in the industry, having also been selected to disburse Mt. Gox creditor compensation, following that exchange’s collapse.

With a medium range on offer and clear and familiar protocols, the platform has successfully emulated the best attributes of legacy exchanges, bridging the old and new worlds of fiat and digital coins.

There is detailed intel onsite, and new users tend to graduate into employing the charting and other more advanced tools available. Liquidity is high on the platform, another reason many seasoned traders default to Kraken. Kraken allows users to employ bitcoin margin trading with leverage up to 5x, with shorting. Kraken also caters for more advanced stop-loss orders as well as automated trading.

Kraken has pioneered the first proof of reserves cryptographic audit system, and the exchange runs a “dark pool.” This is essentially a private securities exchange for large institutional investors to trade anonymously. The security has always been justifiably touted as watertight, and although many exchanges are secure to the maximum extent possible, Kraken has always presented as a step ahead.

Indeed, at the time of the Mt. Gox collapse, it was precisely additional security levels employed on its own dictates that kept the Kraken exchange out of even the possibility of such a hack being attempted.

Kraken KYC and AML Requirements

The Kraken exchange pitches a basic and an advanced account, a name and address, date of birth and phone number enables an entry-level account. For an advanced account, users will need to upload their ID and US citizens will have to supply their social security number too.

Unlike many P2P exchanges, Kraken makes users complete authentication. Particularly now that regulators have established mandatory baseline protocols for digital exchanges, the company follows American KYC legislation, as well as that of any country in which it operates.

Fees on Kraken follow a maker-taker model.

Although at times difficult to determine, assuming a trade falls below 50,000 currency units, maker fees sit around 0.16 percent and taker fees at about 0.26 percent. These are the fees applied to all bitcoin trades made by supported site fiats, like USD, CAD, JPY, EUR and GBP. These fees also apply to most of the altcoin trading pairs.

Kraken Fiat Acceptance

Kraken is perhaps best known as a secure venue where users can trade with a generous range of fiat and digital currencies. The company accepts deposits in a number of leading fiats. For European users, the exchange is tied into the SEPA payment system.

Kraken Trust Level

User trust in Kraken remains consistently high. The exchange has never given rise to moments of panic nor even extended dissatisfaction. Its UI has always been popular, and the company’s moves in acting as something of a curator in the Mt. Gox settlements, as well as its involvement with addressing regulatory requirements, holds it above many others.

The company enjoys a reputation of being a transparent, professional and yet fun platform that has nailed down user desires in a small corner of the industry.

Kraken Customer Experience and Support

Kraken enjoys a tolerance level few other exchanges do, and bitter user complaints are largely diminished online. That said, it remains an anomaly as the exchange support isn’t much better than many others. Kraken is in the arena past 50/50, but not by much.

Most frequently users bemoan the time taken to respond to support tickets, and in this regard the exchange is nothing special.

Kraken Security History

The Kraken exchange has never been successfully hacked. The platform’s security history is impeccable. With hindsight, it was precisely the next-level security employed on the exchange at the time that saw Kraken eliminated as a target for the hack on bitcoin’s “transaction malleability” that felled Mt. Gox and sent that exchange into bankruptcy.

Kraken Listing Procedures

The exchange itself determines listings, in accordance with their basic offering model. Users can submit coins for appraisal, although this is not a productive route on the exchange. Rather, management will evaluate coins and the exchange has shown a very moderate rate in doing so.

Kraken Conclusion

The Kraken exchange enjoys the favor of millions of new American and European users who value the ability to engage with fiat. In contrast to, say, Coinbase, that has a very similar offering, Kraken seems more dynamic, offers greater coin range and also cost slightly less to transact for most users. Having launched well, the company has maintained a core focus in its offering, watertight security on its platform, as well as a visible willingness to enhance the user experience. For all of these reasons, the exchange’s popularity remains high and trading volumes continue to grow.

With trend-setting security protocols, quick transactions and a legacy-style professionalism, the exchange is ranked in the top ten worldwide, and should move further up the ladder still. In marrying fiat currency and maker-taker fees to the American, European and Japanese markets, the company has hit a sweet spot with experienced and novice traders.

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The Kucoin exchange is more of an upstart than a newcomer, launched as it was in 2017. This makes it one of the youngest full-suite exchanges around, although the project team have distinguished themselves both at previous projects as well as in adding copious user benefits to the platform since launch. When one considers that the R&D team was only officially appointed in May 2017, the exchange’s prowess is impressive.

The project initially envisioned upwards of 50 digital coin pairs in play on the platform – a goal they have well exceeded, with that number fast approaching 400. Unique in many respects, the Kucoin exchange represents the resolution of many lessons learned by earlier exchanges.

With a very egalitarian and beneficial fee structure, which sees most of the fees being returned to users with the company gleaning but 10 percent of the overall total, the exchange has anticipated next-level user behavior and expectations.

Since launching, the team has added a large number of tokens and also launched mobile apps for both Android and iOS, as well as the Kucoin Bonus plan. This latter facility rewards daily traders based on their holdings and volumes.

As the platform’s architecture was in beta as early as 2013, the exchange has had the ability to roll out a seamless technical offering while concentrating on its UI and user benefits, something that shows in its growing user base.

A stated aim of the company is to have at least 1,000 cryptocurrencies listed by December 2018, anticipating a daily volume exceeding 100,000 BTC. The company has said that it hopes to rank among the world’s top ten digital exchanges by mid-2019.

P2P / Centralized Central
Function Trading
Established 2017
Volume $84 Million
Pairs 368
Owners Michael Gam et cie.
Locale Hong Kong
Fiat No
Trust Level 9/10
Support 8/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.10%
Benefits Diversity, low fees, advanced
Reputation 10/10

Kucoin Establishment

The Kucoin exchange launched in 2017, the product of some years of blockchain and specifically digital exchange research by experienced industry players.

Kucoin Trading Volumes

The exchange has rapidly grown its daily trading volumes, being a now-familiar digital exchange with a hugely more beneficial fee structure and a large diversity of virtual coins to trade. Daily trading volumes currently sit at $84,549,835.

Viewed thus, the project’s aim of turning 100,000 BTC as a daily volume by December 2019 might seem ambitious, but when seen against incremental growth to date, remains attainable.

The Number of Coin Pairs on Kucoin

There are currently around 368 coin pairs listed on the exchange, as verified by CoinMarketCap. This rather diverse offering has been well met with growing enthusiasm by users.

Although any high-diversity exchange opens itself to pump and dump schemes, it seems that as a savvy new-generation digital exchange, the project has largely avoided bad press on this issue. It remains to be seen whether the team can steer the exchange into the mid-term future upholding their professional standing, while also avoiding becoming a dumping ground for bogus tokens.

This aspect of the industry seems to have peaked in the bitcoin madness of December 2017 and is becoming less of a concern in 2018, as users become wiser to the nature of digital tokens. It remains a consideration, although the company has a unique panel-appraisal mechanism with which it investigates coins for listing.

Kucoin Owners

The Kucoin exchange is still owned by the original founders, principal among them being Michael Gam, previously a technical expert at Ant Financial, one of the most valuable fintech companies in the world.

Kucoin Operating Location

The Kucoin exchange is a Hong Kong outfit, safely established out of the reach of China’s draconian stance on cryptocurrencies. Although widely seen as an Asian exchange, the team have incorporated a truly cosmopolitan approach to the exchange’s establishment, and the platform is a welcoming arena for traders from across the globe.

Kucoin’s Main Function, Features, Benefits, and Reputation

The Kucoin exchange’s major benefit to date has proven to be its generous fee structure, alongside the copious coin listing, fast transactions and real-time intel, and a sublimely elegant trader toolbox.

Although there is limited leverage available at 1:1, this is likely to increase over time. More importantly, the team has created a sleek and savvy exchange platform where intuitive navigation and necessary inputs have attained a superior level of assimilation.

Hard to pinpoint, the precise excellence of the exchange is a combination of avoiding others’ past mistakes, a truly egalitarian approach to costs, as well as a dynamite technical construct.

Security has yet to stand the test of time, but it is widely accepted (based on listed protocols and available intel, as well as an appraisal of the exchange’s performance thus far) that Kucoin is a low ranking candidate for technical failure.

Indeed, bank-level security abounds and the team is essentially an assembly of dynamic and experienced professionals, known to the business world for their past achievements. There are constant marketing ploys rolling out from the exchange, all of which help drive liquidity while holding other direct benefits for traders.

There is no deposit fee, and trading fees sit at 0.1 percent. Withdrawal fees are also very low. Case in point, BTC withdrawals attract just 0.0005 BTC. Most importantly, withdrawals are near immediate, with the bulk of fees returned to users through a variety of channels, all of which add to the user benefits of employing the exchange.

The platform essentially retains just 10 percent of earned fees, a transparent and currently unmatched generosity that goes a long way towards onboarding both new and existing traders.

There are further multiple benefits for users, most easily encapsulated in the understanding that the exchange has always sought to be the most dynamic, varied and thus valuable, cost-effective solution for the modern crypto trader.

Speed and simplicity, diversity and transparency have all informed the company’s build, and new user figures are a testament to that orientation’s success. There is also a native token KCS, that holds benefits for investors and traders alike, principal among them a halving of all fees for traders who hold the coin.

Kucoin KYC and AML Requirements

The Kucoin exchange has KYC verification processes in place, although users withdrawing less than 2 BTC in a day’s trading aren’t required to submit full documentation. Above that limit, users will have to submit a suite of documents as well as complete an online questionnaire. Verification can take up to a month, but loyal users insist that the wait is worth it.

Kucoin Fiat Acceptance

The exchange makes no bones about its crypto focus and users will have to enter the shop floor armed with digital currency, as no fiat is accommodated on the platform.

Kucoin Trust Level

Due to the company’s prior achievements and user benefits to date, trust levels are among the highest of any exchange. Although still experiencing an exuberance born of traders’ growing awareness of the exchange’s value, the company deserves legitimate confidence based on its architecture and performance to date. Few other exchanges have the level of loyalty and demonstrable enjoyment that Kucoin’s traders exude.

Kucoin Customer Experience and Support

In spite of being an excellent service aiming at superior performance in all arenas – including customer support – occasional complaints do surface about tardy or sometimes unintelligible support.

That said, the exchange has established a baseline support standard for the industry, something the majority of digital exchanges in existence fall far short of. Not only in security, but also in terms of its support and response times, Kucoin closely resembles what global consumers have come to expect from the legacy banking sector.

Broad customer consensus can only be described as positive, if not jubilantly so, and the exchange has in a very short space of time garnered accolades others still dream of.

Kucoin Security History

Kucoin has never been hacked. With a positively proactive focus on security, the platform is an unlikely soft target for cybercrime going forward. All of the previous loopholes employed by hackers to gain access to other sites in the past are absent on the Kucoin exchange, something not lost on its user base.

Kucoin Listing Procedures

Although the exchange vets coins internally and lists them as they deem appropriate, another great aspect of the company is their formation of the Global Titan Ambassador Program. This is, in a nutshell, a formalized structure whereby users can nominate themselves for election to a virtual panel of appraisers.

This panel will not only forward but vet incoming coin nominations, being a collection of the “most knowledgeable and respected reviewers.” The exchange encourages professional investment concerns as well as respected individuals in the arena to participate.

Kucoin Conclusion

Overall, a better, sleeker and more beneficial platform than the vast majority of comparable full-suite exchanges, Kucoin is destined for greatness, in the absence of any yet-unimagined calamity.

Not only has its assimilation by users and subsequent rise been seamless, the promised benefits have, if anything, tended to be greater than promised – not lesser. This kind of well thought-out architecture that marries technical build and marketing mission into one super facility is hard to beat.

Even competitive observers note that the exchange is a highly polished offering, deserving of being called one of the best, and very likely to attain its stated aims, within its stated time lines.

Built along competitive trading fees, reduced fees and redistributed fees, invitation bonuses, and other subtle user benefits abound onsite. While still indeed young, it can be readily imagined that Kucoin will be at the top of the pile – or very close to it – within the next year or two, based on current user feedback, adoption and trading volumes. An all-round excellent digital exchange, Kucoin is likely the herald of new, improved digital platforms that will service the needs of future traders for many years to come.

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Livecoin, found online at, is a cryptocurrency trading website that aims to offer a convenient way to buy and sell bitcoin and other cryptocurrencies. With about $10 million of 24 hour trading volume, Livecoin is one of the world’s 100 largest cryptocurrency exchanges by transaction volume. As of February 2019, Livecoin sits in the #71 position of cryptocurrency exchanges by transaction volume. The exchange has offered crypto trading to users since mid-2015. Today, there are over 200 pairs listed on the platform, including major cryptocurrencies like BTC and ETH and obscure cryptocurrencies like “President Trump Coin” (PRES) and Hiveterminal Token (HVN).

P2P / Centralized Centralized
Function Trading
Established 2015
Volume $10 Million
Pairs 200+
Owners Livecoin
Locale Unknown
Fiat Yes
Trust Level 7/10
Support 7/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements No
Fees 0.02% to 0.18%
Benefits Easy crypto trading with no verification required
Reputation 7/10

Livecoin Establishment

Livecoin provides very little information about itself online. The “About Us” page is filled with vague hyperbole about the company. Nevertheless, Livecoin appears to have been operating smoothly since 2015, making it longer running than many of the crypto exchanges listed on this page. Livecoin appears to be headquartered in Russia or a neighboring CIS country. The exchange is run by CEO Ivona Zlatova. Aside from Zlatova, we know little about anyone else running the company.

Livecoin Trading Volumes

Livecoin records about $10 million of trading volume every 24 hour period, placing it within the top 70 or 80 cryptocurrency exchanges by transaction volume. The exchange has particularly strong liquidity and volume in major pairs like BTC/USD, ETH/BTC, LTC/BTC, DASH/BTC, and WAVES/BTC. You can also find decent liquidity in pairs you won’t find on many other exchange websites, including Peerplays (PPY/BTC), Stakenet (XSN/BTC), and Dignity (DIG/BTC).

Number of Coin Pairs on Livecoin

As of February 2019, Livecoin lists 205 different coin pairs on its exchange. Many of these coin pairs have little liquidity or no liquidity. As mentioned above, Livecoin contains a mix of well-known cryptocurrency pairs (like BTC/USD and ETH/BTC) with lesser-known altcoins (like ELI/ETH and YOC/BTC). Livecoin has surprisingly strong volume on obscure altcoin pairs, making it a desirable exchange for those looking for a safe place to buy an altcoin you don’t find on another exchange. In addition to supporting the USD as a fiat currency, Livecoin also supports Russian Ruble (RUR) and Euro (EUR).

Who Owns Livecoin?

We know little about the management structure of Livecoin. The exchange appears to be a privately-owned company based in Russia. The name Ivona Zlatova is mentioned on the official website as the CEO of Livecoin.

Livecoin Features, Benefits, & Reputation

Livecoin is best-known for offering liquidity in altcoins you can’t find on many other exchanges. With more than 200 pairs listed on the exchange, Livecoin is known for supporting a wide range of cryptocurrencies, fiat currencies, altcoins, and digital tokens.

In terms of fees, Livecoin clearly discloses all fees associated with your account. Most traders will pay a fee of 0.18% on all trades, assuming you have 30 day trading volume less than $100,000. The sliding fee scale reduces your fees all the way up to $2 million of monthly trading volume, at which point you’re paying just 0.02% fees on all trades. Take note of the deposit and withdrawal fees on Livecoin. Although most deposits into the platform are free, some of the withdrawal methods can be expensive. Depositing money in RUR via credit card, for example, can lead to a withdrawal fee of 6% + 50 RUR. deposits are free, but withdrawals are priced at 5.5% for EUR. Fortunately, all fees are clearly disclosed online.

Livecoin’s reputation is a little confusing. The exchange has facilitated altcoin trading since 2015, accepting a wide range of altcoin pairs on its platform. However, the exchange has never revealed much information about itself, its team, or its location online. Nevertheless, Livecoin appears to have maintained a clean history since 2015 with no major security incidents or attacks.

Livecoin KYC & AML Requirements

Livecoin does not require KYC or AML verification prior to making trades, depositing, or withdrawing money from the platform. However, KYC and AML verification is required for users who wish to deposit money into Livecoin via bank transfer. The vast majority of users on Livecoin will not transfer money via bank transfer, and it’s hard to even find this option on the Livecoin website. Generally, when you trade on Livecoin, you’re trading with users who have not completed any type of KYC or AML verification.

Livecoin Fiat Acceptance

Livecoin offers trading pairs with the US Dollar (USD), Russian Ruble (RUR), and Euro (EUR). You can deposit all three of these fiat currencies directly into the platform. Livecoin supports popular fiat currency transfer methods like credit card, Payeer, Perfect Money, AdvCash, and Qiwi. However, check fees before you deposit money into the platform. As mentioned above, some of the fees can be surprisingly steep for both deposits and withdrawals.

Livecoin Trust Level

Livecoin has operated smoothly since 2015, offering an easy, verification-free altcoin trading experience to users around the world. Despite the clean track record, however, it’s hard to assign much trust to Livecoin. The exchange’s website has an amateur appearance. There’s no transparency regarding the company behind the exchange. We don’t even know where Livecoin is based – although it appears to be based in Russia. For all of these reasons, it’s hard to assign much trust in Livecoin, although again, the exchange has been operating smoothly since 2015.

Livecoin Customer Experience & Support

xCoins has customer support available online via phone and email. Most users report receiving a response to their questions within 24 hours of submitting the question. You can contact xCoins via email at [email protected] or via phone at +1-310-589-4556. The website also has a live chat form.

Livecoin Security History

Livecoin allows users to setup two factor authentication to protect their accounts. Despite operating since 2015 and accepting a wide range of altcoins, Livecoin has never suffered a major hacking attack or security breach leading to the loss of customer funds and data. In October 2018, a Dignity (DIG) bug forced Livecoin to restart its servers and temporarily halt trading. However, the bug was quickly resolved and no users experienced any difficulties.

Livecoin Listing Procedures

Livecoin has relatively open listing policies. The exchange currently has over 200 pairs listed on the site. You can add a coin by clicking the “Add Coins” button on the official website. You need to mention the name of the coin, the trading symbol for that coin, and other identifying information. If you’re listing an ERC20 token, then your coin can be listed within days. Other tokens may take longer to verify. In addition, Livecoin will remove tokens that fail to comply with the law.

Livecoin Conclusion

Livecoin isn’t nearly as transparent or regulated as most cryptocurrency exchanges. Nevertheless, Livecoin has operated smoothly since 2015, offering altcoin trading, fiat trading, and bitcoin trading to unverified users around the world. Livecoin has not suffered a major security breach to date, which is surprising when you consider the number of altcoins that they list on the platform. Ultimately, Livecoin may not be the cleanest or most regulated exchange, but it continues to operate smoothly after four years of serving crypto users.



The LocalBitcoins exchange has a different approach to digital coin trading than other exchanges, and presents as a portal for bitcoin adoption for many newcomers to the cryptosphere. The platform is a strictly P2P exchange where some novel attributes manifest, making it unusual among exchanges.

Users on the platform can buy and sell bitcoin electronically or in person, using crypto, fiat, cash notes or even any mutually agreeable exchange currency for real-world meetings. Although unavailable in some countries, users from most countries can access the platform.

LocalBitcoins is not a typical digital exchange, and previously didn’t practically require listing banking details. Rather, users simply logged in and searched for a match with a seller when buying, or vice versa.

The company employs a user feedback loop to validate users’ behavior, generating a community trust rating system. This information is displayed next to user profiles, allowing prospective bitcoin buyers and sellers to evaluate the risk of a potential trading partner.

P2P / Centralized P2P
Function Trading, buy BTC and more
Established 2012
Volume $50 Million
Pairs n/a
Owners Jeremias Kangas, Nikolaus Kangas
Locale Finland
Fiat Yes
Trust Level 8/10
Support 5/10
Security History 50%
Coin Listing Process n/a
KYC/AML Requirements Yes
Fees Variable
Benefits Diversity, P2P
Reputation 6/10

LocalBitcoins Establishment

The company was launched in 2012, in Helsinki, Finland. It has since become a different but staple component of the digital exchange arena. While anathema to those who value a highly digitized life, although online trades are enabled on the platform, the prospect of street deals on bitcoin appeals to many, for a variety of reasons.

LocalBitcoins Trading Volumes

Platform users place advertisements to buy or sell bitcoin, and globally several hundred thousand users have availed themselves of the site’s offer to date. There are no pairs as such on LocalBitcoins, as it doesn’t follow the typical exchange model. Daily volumes sat at around 1,300–3,000 bitcoin a day circa December 2013. The exchange has now grown to a point where weekly volumes currently tally around $50 million.

The Number of Coin Pairs on LocalBitcoins

There are no coin pairs listed on LocalBitcoins, as the site is solely dedicated to P2P trading of bitcoin. Unlike legacy forex exchanges upon which digital exchanges are typically modeled, LocalBitcoins is essentially a silent but necessary middleman that enables real-world and online P2P transactions along a host of routes, for a small fee.

Who Owns LocalBitcoins?

LocalBitcoins was co-founded by Jeremias Kangas and his brother Nikolaus Kangas, the current CEO of the company. The platform emerged at a time when there were very few options to trade bitcoin, other than meeting face to face.

LocalBitcoins Operating Location

LocalBitcoins was founded and remains headquartered in Helsinki, Finland.

LocalBitcoins’ Main Function, Features, Benefits, and Reputation

Users place ads on the site advertising their desire for BTC at a certain price, while sellers advertise their coin availability on the exchange. In a P2P arrangement, two parties will then agree on price and method of payment as well as how the transaction will take place.

A major benefit, and indeed, one of the principle values for users, is that LocalBitcoins will maintain an escrow arrangement in any online transaction. Acting as manager, the platform releases funds to sellers once the deal has been satisfactorily concluded and confirmed by both parties.

Unlike other exchanges, on LocalBitcoins sellers are free to set their selling price. Free market dynamics determine whether a seller succeeds in moving their bitcoin. Coins can be paid for by bank transfer, personal meetings with cash, wallet transfers and wire transfers. Pretty much any method of payment (the site boasts over 30 methods to employ) is acceptable, as long as it is acceptable to both parties.

Although this means that, on average, BTC bought on the site is pricier than elsewhere, the variable settlement options and the P2P ethos has huge appeal for a swathe of enthusiasts. Once a user has paid for their purchase, the company releases the bought BTC to the user’s LocalBitcoins wallet. From there users are free to move funds as they see fit.

Those in need of the service remain loyal to the site and, in spite of a few breaches, for whatever reason the platform hasn’t suffered much user alarm, with a currently good reputation as a valuable offering that’s also easy to use.

LocalBitcoins doesn’t charge its users any fees, other than that sellers pay a one percent commission. This fee gets added to the escrow amount and typically sellers pass on the charge to the buyer when trading. Although the image of a typical bitcoin enthusiast is given as that of a middle class millennial in Europe or America, LocalBitcoins has found valid application within marginalized global communities, those often experiencing a dearth of crypto trading facilities.

LocalBitcoins KYC and AML Requirements

For the longest time, while regulators were still awakening to the need for legislation to govern digital exchanges, LocalBitcoins users were “officially” obliged to verify their identity when opening an account, yet seldom did, as the company largely avoided the issue.

In April 2018, that all changed when “volume trading” put LocalBitcoins on the radar and the company started enforcing standing protocols. Many users were dismayed as they had prized the site either for reasons of political freedom from authority or for the ease and simplicity of the base offer. LocalBitcoins was and still is akin to a crypto eBay or Craigslist, and communal spirit runs high.

As many of its peers, LocalBitcoins employs Netverify to enact KYC. Users will now have to upload photo IDs and thereby authenticate their participation. For many loyal users, the move amounted to betrayal, yet the record shows that even early on in 2018, users were intermittently required to verify their accounts.

“To clarify: me and many of my peers who use LocalBitcoins started getting this notification upon signing in, requiring them to submit their ID. Without it, you cannot continue trading. This is it, folks — The long-lasting bastion of freedom fell.”

LocalBitcoins Fiat Acceptance

Fiat currencies are “accepted” on LocalBitcoins inasmuch as P2P traders decide among themselves how to settle a deal. Because of this, and to enable user choice to the full extent possible, the site itself also allows users to fund their wallets with more than 50 fiat currencies.

LocalBitcoins Trust Level

The trust level is remarkably high on LocalBitcoins, considering that the exchange has been breached at least once, although possibly many more minor hacks have gone largely without serious comment.

Apart from the Maven affair, minor and less minor breaches of the platform’s security has occurred over the years, yet the whole ethos and atmosphere of the portal somehow seems to make these lesser crimes in the minds of enthusiasts, as opposed to admittedly bigger heists on other exchanges.

LocalBitcoins Customer Experience and Support

Although the exchange has set up complaint resolution protocols in anticipation of a fair amount of those when P2P dealings happen, support remains average at best. Typical of digital exchanges the world over, support is often tardy on LocalBitcoins. Although the site could essentially palm off much of the negative feedback as belonging to a P2P transaction, the company does a little better than that, but response times still often infuriate users. LocalBitcoins remains on a par with other exchanges’ idea of support, which is to say, fairly abysmal.

LocalBitcoins Security History     

There are user considerations to the platform not encountered on most other digital exchanges. As deals are P2P, an element of trust between parties also comes more into focus on this platform. Users can qualify buyers and sellers by looking at a fairly comprehensive status that denotes the other party’s history and overall rating, whether they are trustworthy or not.

Unfortunately, during April 2014, at the same time that the company announced it would commence manufacturing bitcoin ATMs, LocalBitcoins succumbed to a hack that cost some 30 BTC, worth about $11,500 at the time.

Although details are hard to pinpoint (a case of the relatively offhand manner in which the platform’s security shortfalls are glossed over by the community), numerous allegations of user accounts being hacked dot the net. Although typically an issue that no exchange can account for, as these wallet hacks usually result from phishing attempts, it does appear that users’ LocalBitcoins wallets have been hacked via the exchange, at least on some occasions.

Perhaps because most traders are in and out in a hurry, security concerns on the platform rank lower than on others, where this kind of history could very well close a company down. It has become cryptosphere unofficial protocol that platform users do, indeed, get in and out quickly and only transact with the needed amount, cold vaulting other holdings.

LocalBitcoins Listing Procedures

There are no listing procedures o LocalBitcoins, as the site is an exclusively BTC platform.

LocalBitcoins Conclusion

LocalBitcoins still fills a very relevant gap in the digital market, although other competitors are emerging. Overall, in part due to the low value of the one officially acknowledged hack and in part due to the fact that most traders are in and out quickly, lapping up the traditional mixed marketplace feel of the platform, the site’s overall reputation remains buoyant. Especially newcomers will need to exercise extreme caution when transacting through the site, however, as although transparency hasn’t been poor, it’s not at the level of many other virtual exchanges. Likewise security, which already has a few wrinkles in it, should remain uppermost in especially new users’ minds when engaging the site.

For many, LocalBitcoins remains the best low-fee, simple route to trading bitcoin. User adoption is still growing, while the company comes to terms with KYC and AML implications. A far more real-world platform that demands a modest return of old school trust between parties, especially when meeting face to face as some do, LocalBitcoins is becoming compliant and is now more responsive than ever before, at least in terms of dealing with regulatory pressures.

It remains to be seen whether security and support are visibly elevated on the company’s agenda, something that could polish the fun platform’s image and allow for typical industry security and client liaison to reach legacy levels.

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Luno describes itself as “the world’s most powerful bitcoin exchange”. Today, the UK-based exchange is best known for its bitcoin and Ethereum trading pairs and support for the South African Rand (ZAR). The exchange was founded in 2013 as BitX before rebranding to Luno. Unlike many other cryptocurrency exchanges, Luno seems to focus primarily on emerging markets. A significant number of Luno’s users come from Malaysia, Nigeria, and Indonesia – three countries that are often blocked from other cryptocurrency exchanges.

Today, the most popular pair on the London-based cryptocurrency exchange is its BTC/ZAR pair, followed by a BTC/NGN and BTC/EUR pair. Whether you’re trying to trade the South African Rand or the Nigerian Naira, Luno continues to be one of your best options. Traders also enjoy bonus features like real-time market information, mobile trading on Android and iOS, advanced charts, API access for automated trading, CSV export and reporting, and depth liquidity indicators. Users can deposit funds into the exchange with a number of major banking providers. Although Luno charges slightly higher fees than competing exchanges, the fees tend to be less than what you would pay if converting ZAR or NGN into a different fiat currency and using another exchange – so users can still come out ahead.

P2P / Centralized Centralized
Function Trading
Established 2013
Volume $4.6 Million USD
Pairs 5
Owners Luno
Locale London, UK
Fiat Yes
Trust Level 10/10
Support 8/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.25% – 1%
Benefits NGN and ZAR trading
Reputation 10/10

Luno Establishment

Luno was founded in London in 2013 under the name BitX. The team that created Luno came from top tech and finance companies, including companies like Google, Amazon, Morgan Stanley, Barclays, and others. Luno was founded by Timothy Stranex, a BSc graduate from the University of Cape Town who previously worked as a software engineer at Google in Switzerland. The company believes that cryptocurrencies will play a crucial role in the future financial world, and they aim to provide effective crypto exchange services to help create that world. Over the years, Luno has focused more specifically on lesser-supported fiat currency trading pairs, including BTC/ZAR and BTC/NGN. Instead of competing with the bigger players on pairs like BTC/USD and BTC/EUR, Luno has found a niche and maximized their presence in that niche. Today, Luno has 2 million users in 40 countries worldwide. Headquartered in London, Luno has offices in Singapore and South Africa. The exchange appears to be independent, although it’s backed by investors like Balderton Capital, RMI, Naspers, Digital Currency Group, and Venturra.

Luno Trading Volumes

Luno’s trading volume sits at around $4.6 million USD per 24 hour period. The vast majority of that trading volume (93% or more) is in the BTC/ZAR pair, with other trading volume occurring in the BTC/NGN, BTC/EUR, BTC/IDR, and BTC/MYR pairs.

Number of Coin Pairs on Luno

Today, Luno offers five different cryptocurrency trading pairs, including BTC/ZAR, BTC/NGN, BTC/EUR, BTC/IDR, and BTC/MYR. As mentioned above, the exchange is focusing on lesser-supported fiat currencies in an attempt to attract users. That’s why you see pairs for the Nigerian Naira and South African Rand, among other fiat currencies.

Who Owns Luno?

Luno appears to be independently owned. Major investors in the company have included Balderton Capital, RMI, Naspers, Digital Currency Group, and Venturra.

Luno Features, Benefits, & Reputation

Luno claims to be the world’s most trusted, secure, and reliable bitcoin exchange. It comes with a simple trading interface that will be familiar to anyone who has used other exchanges. Meanwhile, the advanced features will be useful to more advanced traders. Basic features include real-time market information and mobile trading for Android and iOS. More advanced features include depth liquidity indicators, advanced charts, API access for automated trading, and CSV exporting and reporting.

Other helpful features include fast bank deposits and withdrawals – including support for banks and transfer methods that may not be found on other exchanges. Users can deposit money via SEPA transfer, Indonesian bank transfer, Malaysian interbank GIRO/IBFT transfer, Nigeria bank transfer, and South African EFT transfers.

In exchange for these features, users pay slightly higher trading fees than what you would find on other exchanges. Trading fees on Luno range from 0.25% to 1%. Although these fees seem high, they’re competitive with other exchanges that specialize in specific fiat currencies. You pay higher fees when trading the Nigerian Naira for bitcoin today, but you can avoid paying exchange fees to transfer your NGN into other fiat currencies – which is something you might have to do when using a conventional crypto exchange.

Luno KYC & AML Requirements

Luno requires users to complete KYC/AML verification. Supported countries include most countries in Europe as well as Indonesia, Malaysia, Nigeria, and South Africa. In total, Luno has 2 million KYC and AML-verified users across 40 countries worldwide.

Luno Fiat Acceptance

Luno accepts a number of fiat currencies, with the most popular fiat currency being the EUR. However, Luno is also known for supporting fiat currencies that may not be supported on other platforms, including the IDR, MYR, NGN, and ZAR, all of which are supported on the platform for deposits, trading, and withdrawals.

Luno Trust Level

Luno’s website transparently lists its office locations, its team members, and other company information. Overall, Luno is a reputable cryptocurrency exchange that seems to emphasize trust, security, and transparency more than many of its competitors. Most information about the company is freely available online, and the exchange is available to be reached via phone, email, and other methods.

Luno Customer Experience & Support

Luno’s Help Centre includes customer support services as well as a Learning Portal. You can choose from pre-arranged FAQs or contact the company directly to learn more. The website is available in English, French, Indonesian, Italian, Dutch, and Polish.

Luno Security History

Luno has had no major publicized security breaches. Although there are scattered reports of users losing bitcoins that were stored in the exchange, these reports are similar for all major exchanges. To date, Luno does not appear to have experienced any significant security issue leading to the loss of customer funds. The only major incident that led to a loss of bitcoin funds was when one user sent over R35,000 worth of BCH to his Luno BTC wallet by mistake. The funds were unrecoverable and the customer was left out of pocket.

Luno Listing Procedures

Luno lists only a small number of cryptocurrency and fiat currency pairs on its website. Any coins listed on the platform will need to be approved by the company. Luno seems to focus mostly on NGN, ZAR, MYR, and IDR pairs, and future growth will likely be in pairs linked to these fiat currencies.

Luno Conclusion

Luno is one of the pioneers of the cryptocurrency exchange world. Founded in 2013, the exchange has grown to serve 2 million customers in 40 countries worldwide. The exchange has particularly strong trading volume with bitcoin and the South African Rand (ZAR), although other supported currencies include the Nigerian Naira and Euro. Overall, Luno seems to be transparent and honest. The exchange charges higher trading fees than what you would typically see on some of its larger competitors, although the fees (0.25% and  up) are similar to what you see on smaller exchanges. Overall, Luno is one of the best and most popular cryptocurrency exchanges for customers in South Africa, Nigeria, Malaysia, and other countries.

LocalBitcoins Trust Level

The trust level is remarkably high on LocalBitcoins, considering that the exchange has been breached at least once, although possibly many more minor hacks have gone largely without serious comment.

Apart from the Maven affair, minor and less minor breaches of the platform’s security has occurred over the years, yet the whole ethos and atmosphere of the portal somehow seems to make these lesser crimes in the minds of enthusiasts, as opposed to admittedly bigger heists on other exchanges.

LocalBitcoins Customer Experience and Support

Although the exchange has set up complaint resolution protocols in anticipation of a fair amount of those when P2P dealings happen, support remains average at best. Typical of digital exchanges the world over, support is often tardy on LocalBitcoins. Although the site could essentially palm off much of the negative feedback as belonging to a P2P transaction, the company does a little better than that, but response times still often infuriate users. LocalBitcoins remains on a par with other exchanges’ idea of support, which is to say, fairly abysmal.

LocalBitcoins Security History     

There are user considerations to the platform not encountered on most other digital exchanges. As deals are P2P, an element of trust between parties also comes more into focus on this platform. Users can qualify buyers and sellers by looking at a fairly comprehensive status that denotes the other party’s history and overall rating, whether they are trustworthy or not.

Unfortunately, during April 2014, at the same time that the company announced it would commence manufacturing bitcoin ATMs, LocalBitcoins succumbed to a hack that cost some 30 BTC, worth about $11,500 at the time.

Although details are hard to pinpoint (a case of the relatively offhand manner in which the platform’s security shortfalls are glossed over by the community), numerous allegations of user accounts being hacked dot the net. Although typically an issue that no exchange can account for, as these wallet hacks usually result from phishing attempts, it does appear that users’ LocalBitcoins wallets have been hacked via the exchange, at least on some occasions.

Perhaps because most traders are in and out in a hurry, security concerns on the platform rank lower than on others, where this kind of history could very well close a company down. It has become cryptosphere unofficial protocol that platform users do, indeed, get in and out quickly and only transact with the needed amount, cold vaulting other holdings.

LocalBitcoins Listing Procedures

There are no listing procedures o LocalBitcoins, as the site is an exclusively BTC platform.

LocalBitcoins Conclusion

LocalBitcoins still fills a very relevant gap in the digital market, although other competitors are emerging. Overall, in part due to the low value of the one officially acknowledged hack and in part due to the fact that most traders are in and out quickly, lapping up the traditional mixed marketplace feel of the platform, the site’s overall reputation remains buoyant. Especially newcomers will need to exercise extreme caution when transacting through the site, however, as although transparency hasn’t been poor, it’s not at the level of many other virtual exchanges. Likewise security, which already has a few wrinkles in it, should remain uppermost in especially new users’ minds when engaging the site.

For many, LocalBitcoins remains the best low-fee, simple route to trading bitcoin. User adoption is still growing, while the company comes to terms with KYC and AML implications. A far more real-world platform that demands a modest return of old school trust between parties, especially when meeting face to face as some do, LocalBitcoins is becoming compliant and is now more responsive than ever before, at least in terms of dealing with regulatory pressures.

It remains to be seen whether security and support are visibly elevated on the company’s agenda, something that could polish the fun platform’s image and allow for typical industry security and client liaison to reach legacy levels.

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OKEx is a cryptocurrency exchange founded in 2017. Originally based in Hong Kong, the company announced in 2018 that it was opening an office in Malta. Today, OKEx continues to be one of the world’s largest cryptocurrency exchanges by trading volume. Like BitMEX, OKEx is particularly popular with bitcoin futures traders.

Overall, OKEx claims to be the world’s “most trusted digital asset exchange”, offering OTC trading, spot/margin trading, futures trading, and an index tracker. You can access OKEx on iOS, Android, Mac, and Windows. OKEx was originally launched as an offspring of OKCoin. While OKCoin is geared towards casual and retail investors, OKEx tends to focus on institutional investors and high-volume traders.

BitMEX and OKEx tend to have similar bitcoin futures trading volume. However, OKEx claims to have slightly higher average daily trading volume than BitMEX: OKEx claims to process $1.5 billion of volume daily, while BitMEX is typically in the $1.0 to $1.1 billion range. Moving forward, OKEx aims to continue offering secure, accessible, and convenient bitcoin futures trading for clients around the world. In December 2018, OKEx announced that it was launching no-expiry bitcoin derivatives, which work similar to the perpetual contracts on BitMEX and other exchanges.

P2P / Centralized Centralized
Function Trading, Futures
Established 2017
Volume $1.5 Billion
Pairs 400+
Owners OKEx
Locale Hong Kong, Malta
Fiat Yes
Trust Level 8/10
Support 8/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.02% to 0.15%
Benefits Futures trading, spot trading, perpetual swaps
Reputation 8/10

OKEx Establishment

OKEx was founded by OKCoin in 2017. OKCoin was originally founded in 2014. The exchange wanted to open OKEx to give customers an option for bitcoin futures trading. OKCoin originally treated OKEx as a more institutional-focused version of its platform, with OKCoin being catered towards retail investors and OKEx catering to the institutional crowd. In May 2018, just one year after launch, OKEx became the world’s largest cryptocurrency exchange by reported turnover. Key people involved with the company include Tim Byun (CRO), Jason Lau (VP of Business Development), Andy Cheung (COO), Jovan Gavrilovic (GM), and Lennix Lai (Director of Financial Markets).

OKEx Trading Volumes

OKEx trading volume. OKEx reportedly generates approximately $1.5 billion in trading volume every 24 hours, making it one of the world’s largest cryptocurrency exchanges.

Number of Coin Pairs on OKEx

OKEx has hundreds of coin pairs. According to CoinMarketCap, OKEx has over 400 coin pairs in total. The most popular pairs include BTC/USDT, EOS/USDT, ETH/USDT, LTC/BTC, LTC/USDT, XRP/USDT, ETH/BTC, and MKR/USDT, which collectively account for about 50% of all trading volume on the platform. The most trading volume on OKEx comes from BTC futures contract trading, including perpetual swaps trading.

Who Owns OKEx?

OKEx appears to be a separate entity from OKCoin. However, the corporate structure for OKEx and OKCoin is not totally clear. It’s also not clear where OKEx is based. The official OKEx website lists an address in Kuala Lumpur, for example, although the company also has offices or registrations in Hong Kong, Malta, and the Seychelles, among other locations.

OKEx Features, Benefits, & Reputation

OKEx is best known for its bitcoin and USD futures contracts, including the new perpetual swaps. Launched in December 2018 as an emulation of BitMEX’s perpetual swaps, the perpetual swaps on OKEx allow users to easily take a long or short position on the price of bitcoin. OKEx doesn’t have the same leverage options as BitMEX, where you can access up to 100x leverage with no KYC or AML verification.

In terms of fees, OKEx has volume-based discounts available across the platform, allowing users to enjoy rates as low as 0.01% when trading high volumes every month. Trading fees vary for spot trading and futures trading. Spot trading fees are 0.10% (maker fee) and 0.15% (taker fee) on users with less than 100 BTC of 30-day trading volume. Futures trades have a 0.020% maker fee and a 0.030% taker fee for traders with less than 10,000 BTC of monthly trading volume. Trading fees decrease from that point forward.

OKEx KYC & AML Requirements

OKEx has much higher KYC and AML requirements than BitMEX, its largest competitor. Namely, OKEx requires KYC and AML verification while BitMEX does not. Additionally, OKEx is not available to citizens of certain countries. You cannot use OKEx if you are a citizen of Hong Kong, Cuba, North Korea, Iran, Crimea, Sudan, Malaysia, Syria, Bangladesh, Ecuador, Bolivia, and Kyrgyzstan. OKEx is also not available to residents of the United States. All of these countries are either on the international sanctions list from the United Nations or are restricted from using trading platforms in some other way.

OKEx Fiat Acceptance

OKEx offers a number of fiat currency pairs. Some of the platform’s most popular pairs are offered in Tethers (USD Tethers), which are the popular stablecoin tokens backed 1:1 with the US Dollar.

OKEx Trust Level

OKEx is one of the most trusted futures exchange platforms on the market today. It’s generally seen as a more trustworthy platform than BitMEX. OKEx tends to be more transparent. The presence of KYC/AML verification restrictions also benefits legitimate users, assuring users that they’re dealing with traders who have passed this verification.

OKEx Customer Experience & Support

OKEx has strong customer support. You can contact OKEx by email or phone. OKEx lists multiple phone numbers for support lines in Canada, Hong Kong, Ireland, Singapore, and Russia. Customer support agents are standing by 24 hours a day, 7 days a week to solve all trading issues.

OKEx Security History

OKEx does not have any major security breaches or incidents on its track record. The only major incident in OKEx’s history came in July 2018 when a trader bought $416 million worth of bitcoin futures on margin. The trader did not have sufficient collateral to cover the loss, and the exchange was forced to liquidate the position, giving all customers a “haircut”. In response, OKEx injected 2500 BTC into an insurance fund to minimize the impact on clients. However, clients who had made unrealized profits during the previous week were forced to pay a socialized clawback rate of 17%. In more straightforward terms, OKEx lost money by giving a trader access to a leveraged position, and certain OKEx users lost money because of it. It’s part of the social impact of leveraged trading, and OKEx moved forward without much major impact on its reputation or userbase.

OKEx Listing Procedures

OKEx currently lists more than 400 digital currency and fiat pairs on its marketplace. It’s unclear what type of listing procedure OKEx uses to list tokens. However, OKEx is generally welcoming of new cryptocurrency pairs.

OKEx Conclusion

OKEx is a popular, well-respected crypto futures trading marketplace that processes more than $1.5 billion in an average 24-hour period. Known for its leveraged trading, perpetual swaps, and spot trading, the platform emphasizes easy and accessible traders for crypto traders worldwide. Hundreds of pairs are available for trading online with OKEx. Most users know OKEx, however, for its US Dollar and BTC futures contracts. One advantage of using OKEx is that unlike BitMEX, OKEx has KYC/AML verification requirements, which means the users you’re interacting with have typically been validated by the platform.

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OOOBTC is a cryptocurrency exchange that aims to offer cheap fees and easy transactions. The exchange launched in 2018. Today, there’s limited information about the exchange available online through the official website or other sources. In January 2019, however, OOOBTC made headlines for launching its own native token called OBX, released via an airdrop. OBX tokens can be used to pay transaction fees on the platform. Along with trading major cryptocurrencies, OOOBTC will list various token projects. Despite the fact that there’s limited information about OOOBTC available online, the exchange is one of the top 50 exchanges worldwide by trading volume. Let’s take a closer look at what the Singapore-based exchange has to offer.

P2P / Centralized Centralized
Function Crypto Trading
Established 2018
Volume $60 Million
Pairs 25+
Locale Singapore
Fiat No
Trust Level 6/10
Support 6/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements No
Fees 0.15%
Benefits Buy Unique Altcoins
Reputation 6/10

OOOBTC Establishment

OOOBTC first appeared online in late 2017. The exchange launched its trading operations in early 2018. We know that the exchange is based in Singapore. Beyond that, however, we know nothing about who’s running the company, who owns the company, or what the background of the management team is. The website is filled with buzzwords describing OOOBTC as “the gateway of the crypto ecosystem”. However, we have little information about who’s running the company. Some cryptocurrency exchanges choose to be transparent with this information while others do not.

OOOBTC Trading Volumes

As of February 2019, OOOBTC has $60 million of trading volume per 24 hour period, making it the 45th largest crypto exchange in the world by trading volume. The exchange’s highest-volume trading pair is its BTC/USDT pair. Other high-volume pairs include ETH/BTC, ABBC/BTC, and LTC/BTC. However, the BTC/USDT trading pair accounts for over 95% of trading volume on the platform.

Number of Coin Pairs on OOOBTC

OOOBTC currently lists 27 different coin pairs. There are pairs you would expect to see – like BTC/USDT and ETH/BTC. There are also pairs you don’t see on many other exchanges, like pairs for VeriDocGlobal (VDG), RChain (RHOC), and Uquid Coin (UQC). Overall, OOOBTC focuses on major cryptocurrencies like BTC and ETH while also supporting lesser-known altcoins. Other notable altcoins and pairs listed on OOOBTC include Decred (DCR), Status (SNT), Aeternity (AE), Groestlcoin (GRS), Solaris (XLR), Project Pair (PAI), Bela (BELA), DigiByte (DGB), and Zilliqa (ZIL). Most of these altcoins are available to trade with BTC.

Who Owns OOOBTC?

There’s limited information about the company behind OOOBTC available online. Despite being one of the top 50 largest crypto exchanges in the world today, OOOBTC discloses little information about itself online. However, we’re led to assume that OOOBTC is a privately-owned company based in Singapore.

OOOBTC Features, Benefits, & Reputation

OOOBTC allows you to trade major cryptocurrencies and altcoins from the same platform. Exchange users enjoy features like two-factor authentication, diverse cryptocurrency pairs, and a competitive fee structure. Although OOOBTC offers cheap trading fees, it tends to charge high rates for withdrawals. Make sure you check the OOOBTC fees page before you deposit money into the platform.

OOOBTC doesn’t charge a fee for any deposits I n any cryptocurrencies. However, withdrawal fees are set at 0.5% for most cryptocurrencies. While other platforms tend to charge a flat fee for crypto withdrawals, OOOBTC charges users a percentage. This is good for some users – like those with small withdrawal amounts – and bad for others – like those with large withdrawals. OOOBTC’s trading fees are competitive: you’ll pay 0.15% when making a trade on OOOBTC.

OOOBTC only accepts deposits and withdrawals in cryptocurrency. No fiat currency is available through OOOBTC, although the exchange does offer some Tether (USDT) pairs. As o f 2019, OOOBTC now offers OBX trading on the platform, allowing users to buy the platform’s native token to get a discount.

OOOBTC is also known for its Lightning Swap system, which allows you to instantly swap altcoins with minimal hassle – similar to how it works on ShapeShift and similar platforms.

OOOBTC KYC & AML Requirements

OOOBTC does not appear to have any KYC or AML requirements for users. OOOBTC does not accept any fiat currencies, so this isn’t surprising. However, some crypto-only exchanges still choose to implement KYC/AML verification to enhance their legitimacy. We cannot find any information about OOOBTC’s KYC/AML verification requirements online, although it appears some users may complete KYC/AML verification to raise withdrawal limits. The major restriction for non-KYC/AML verified users on the platform is your withdrawal limit. As an unverified user, you can deposit an unlimited amount into the platform but only withdraw 2 BTC per day.

OOOBTC Fiat Acceptance

OOOBTC does not accept any fiat currency deposits, withdrawals, or trades. However, users can access the Tether USD stablecoin and trade BTC for USDT within OOOBTC.

OOOBTC Trust Level

OOOBTC is one of the highest-volume crypto exchanges in the world today. Despite the high volume, however, there’s limited information about OOOBTC available online. The exchange has little transparency about its operations or its team. There’s also no KYC or AML verification, which means you are making trades with unverified users involving funds that could be coming from anywhere. Overall, if you’re looking for a trusted and regulated exchange with strong user reputation, then OOOBTC may not be the right choice for you.

OOOBTC Customer Experience & Support

OOOBTC has a FAQs page listed online at Users can also submit a request via the OOOBTC online form. Overall, OOOBTC has a basic customer support system in place.

OOOBTC Security History

OOOBTC has never suffered a major security breach or hacking incident leading to a loss of user funds. OOOBTC appears to maintain strong security standards, making it easy for users to store funds on the platform and make secure trades. Although OOOBTC’s overall reputation and transparency isn’t great, we cannot find any problems with OOOBTC’s security. OOOBTC also offers two factor authentications to users.

OOOBTC Listing Procedures

OOOBTC allows token projects to apply for listing on the platform. Token listings are open. If your token project meets OOOBTC’s requirements, then you may be able to list your token on the platform. The listing conditions are fairly relaxed. Tokens need to list complete team and community information and meet professional and compliance requirements. You must complete the OOOBTC application. If there are any future problems with your token – like legal issues – then OOOBTC may remove your token from the platform.

OOOBTC Conclusion

OOOBTC is a Singapore-based exchange launched in 2018 to provide easy altcoin trading in a relaxed environment. Today, the exchange features a mix of major cryptocurrencies and lesser-known altcoins. Deposits and withdrawals are accepted only in cryptocurrencies, and OOOBTC lists no fiat currency pairs aside from USDT pairs. Be careful when depositing money into OOOBTC, as all withdrawals are charged a hefty fee of 0.5% to 1%. Although OOOBTC lacks transparency and regulatory requirements, the exchange appears to maintain strong security standards. Users also appreciate OOOBTC for its competitive 0.15% trading fees and lack of KYC/AML requirements, which is one reason why OOOBTC is within the top 50 cryptocurrency exchanges by trading volume today. Plus, OOOBTC has never suffered a major security breach leading to the loss of user funds or data. For more information about OOOBTC, visit online today at



The Paxful exchange is a P2P platform that has made a mission of facilitating all manner of transactions, enabling users to buy bitcoin for fiat, sell their coins to one another, and generally trade as they see fit.

For many, Paxful is the most logical and easy step into the world of digital currencies, focused as it is on enabling bitcoin users to trade with minimal interference or regulatory control.

Often compared most closely with the LocalBitcoins exchange, Paxful is modeled as a peer trading platform, with the exchange taking a small fee for enabling users to buy and sell directly with one another. The exchange is very similar to LocalBitcoins, as both allow users to select the amount of digital currency they wish to purchase, and the payment method. The exchange then lists prospective deal options for users, tailored to their specific needs.

Sellers are listed with a reputation rating based on their trading history, although exchange rates (prices) are typically far higher than those of a more typical digital exchange. It is widely accepted that users employing a P2P exchange will carry these higher rates, as they are essentially selling without exchange control to unknown buyers.

A prime reason for the exchange’s growing success is that the company takes only a one percent fee from sellers, buyers paying nothing for the privilege of being there. The exchange also offers an inbuilt escrow service within exchange protocols.

At the start of a transaction, the relevant amount is moved into secure escrow, pending confirmation by both parties. Transactions are also time-limited, meaning that a delayed transaction is binned and the funds reversed back to a seller’s wallet.

P2P / Centralized P2P
Function Trading
Established 2015
Volume $53 Million
Pairs n/a
Owners Ray Youssef, Artur Schaback
Locale USA
Fiat Yes
Trust Level 7/10
Support 8/10
Security History 100%
Coin Listing Process n/a
KYC/AML Requirements No
Fees Variable
Benefits No KYC, P2P
Reputation 7/10

Paxful Establishment

The exchange was established in 2014, although whether the exact year was 2014 or 2015 remains open to debate, as it was extant as EasyBitz prior to being called Paxful.

Paxful Trading Volumes

The exchange’s owners have made some bold claims around current volumes traded via the exchange, saying that the exchange handles around 8,000 bitcoin transactions a day. This would mean that some 4 percent of the Bitcoin network’s daily trading goes through the Paxful exchange.

Although not a particularly exorbitant claim, several observers have disputed it. For end user purposes, the exchange is liquid and seldom fails to generate deal options for all but the most obscure asks and offers.

The Number of Coin Pairs on Paxful

There are no typical coin pairs on Paxful, as users deal with one crypto – bitcoin – and decide among themselves what form of payment is acceptable. A high percentage of transactions are enabled using various gift cards, and these transactions typically carry a higher cost for users too.

Paxful Owners

Two developers, Ray Youssef and Artur Schaback, co-founded and currently own Paxful.

Paxful Operating Location

The Paxful exchange is based in the US, although in theory anyone with access from around the world can participate on the exchange.

Paxful’s Main Function, Features, Benefits, and Reputation

The Paxful platform’s principal benefit to its loyal users is the relatively easy and free manner in which they can log on and trade with peers, unfettered by other exchanges’ typically onerous KYC and AML protocols. Combined with the original Bitcoin ethos of an egalitarian, digitized society, the platform has developed a dedicated following since inception.

Since launching, Paxful has been well received, and has boasted substantial volumes on occasion. The exchange is also a hybrid facility, in a sense, as it allows users to pay one another along any route mutually agreeable, also including PayPal and other current online payment solutions.

A further innovation and one aimed at upping daily trading volumes, the site recently launched its “Pay with Paxful” button onsite. This allows merchants to accept fiat currency while it gets converted into bitcoin at the back-end.

The front-end user never knows about the conversion, and the facility is one more step towards making the cryptosphere the dominant currency reality, as originally imagined by Bitcoin.

The Paxful exchange gained some publicity, if not notoriety, during 2015 when classad site – currently still frozen by federal authorities – had its Visa and Mastercard merchant services terminated on the back of allegations of sex trafficking.

As Backpage users could then no longer post classified ads employing their credit cards, the Backpage site allowed for bitcoin payments to enable transactions. All good, except they also placed links to Paxful as a good place to buy bitcoin, something that tarnished the company’s image and is still referred to today by the owners as the “Backpage effect.”

Paxful KYC and AML Requirements

As the Paxful exchange allows users to employ wire transfers, PayPal and card payments where there is some verification upon checkout. For all intents and purposes, however, the exchange largely avoids the more onerous AML and other KYC regulations enforced by full-suite digital exchanges.

Paxful Fiat Acceptance

The exchange “accepts” fiat insofar as users have complete freedom to trade bitcoin among themselves using any mutually acceptable settlement method. Existing online payment options, credit and debit cards as well as gift cards are all common methods of payment.

Paxful Trust Level

The trust levels at Paxful are high, although they could be higher, but for the fact that many users equate the site’s integrity with that of their transaction partner’s integrity. The platform does attract its fair share of scammers, although that percentage remains very low, and beyond providing the escrow service, the exchange cannot be held liable for soured transactions. That said, many do complain loudly online when diddled out of money, although the site makes an effort to educate users on the correct protocols to safeguard transactions.

Paxful Customer Experience and Support

Compliments about the exchange are remarkably common, and there seems a loyal user base actively downplaying allegations of scammy conduct. Although not possibly an allegation legitimately leveled against the exchange itself, as security is punted and established in the platform’s protocols, the P2P model adopted does leave any such exchange open to user complaints, based on their dealings with one another.

That said, the exchange is demonstrably conscientious and support is typically highly responsive – a rarity in the industry – as it seems the company has anticipated potential blurring of entities in the minds of traders.

Paxful Security History

The Paxful platform holds no massive trading bank of digital funds as other digital exchanges do, cold-vaulted or not, yet still has a large amount of digital currency in play at any one point in time. The exchange has never been breached, however, and users‘ management of their own transactions remains beyond the control of the company.

Paxful Listing Procedures

There are also no listing procedures on Paxful, as it does not offer coin pairs for trade. Rather, bitcoin is the sole crypto available and users decide between themselves what form settlement will take.

Paxful Conclusion

A professional version of a P2P exchange, Paxful operates within the risque peer trading arena. Risque, because the nuts and bolts of transactions are handled by users themselves and not strict exchange protocols as on full-suite digital exchanges.

With that being said, the company has done a great job of being a true facilitator while also avoiding undue criticism. The exchange is widely seen as at least as legitimate as LocalBitcoins, if not more so, and user satisfaction remains high overall.

New users would do well to clarify a single point of contention – that of whether funds loaded to escrow for an eventually canceled deal attract the exchange charge. Knowing exactly what to expect in terms of charges allows for informed trading, and this happenstance has informed some complaints found in chat rooms online. Some observers feel the exchange fees are unnecessarily high at times, although the majority accept the structure for the convenience it provides.

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Rapidly becoming a well-known exchange, Poloniex has employed intrinsic value and savvy marketing to become one of the top-ranked digital exchanges in 2018. Not yet in the top ten, the exchange is also another unfortunate member of the hacked club, although it has somehow possibly traded on immediately responsiveness as well as its novelty at the time, to straighten out its image.

Founded in 2014, the company has also miraculously grown through disaster when it was acquired by mobile-payments firm closely Circle, the Goldman Sachs-backed startup. After the acquisition of February 2018, in May 2018 the exchange was ranked at number 25 among its peers by CoinMarketCap. this has since changed to see Poloniex heading closer to the top ten and, at current growth rates, should be among them by early 2019.

P2P / Centralized Central
Function Trading
Established 2014
Volume $100 Million
Pairs 100
Owners Goldman Sachs
Locale USA
Fiat No
Trust Level 8/10
Support 2/10
Security History 70%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.25%
Benefits Diversity, advanced
Reputation 9/10

Poloniex Establishment

The Poloniex exchange was launched by founder and current CEO Tristan D'Agosta in January 2014. Although officially a startup, industry knowledge of ownership credentials affords it a legitimacy beyond its age within the cryptosphere.

Poloniex Trading Volumes

Daily trading volumes are sufficient to generate the liquidity needed by dedicated traders, and sit around $100 million. Poloniex has a market cap of $52,620,168.

The Number of Coin Pairs on Poloniex

The exchange lists about 100 coin pairs for trade, and is a platform model that seeks to balance diversity and value. Although not listing hundreds of altcoins, the offer is extensive enough for most traders’ purposes. All prominent digital currencies are featured, and traders stick by definition to the top 100 or so cryptocurrencies when using the site. Poloniex is an exchange that epitomizes the both-worlds-best model. The coin offering is extensive, although hardly exhaustive, and the overall value of the collective offering is also maintained.

Poloniex Owners

The CEO and original founder Tristan D'Agosta has sold to Circle, which is in turn a closely-held Goldman Sachs subsidiary.

Poloniex Operating Location

The platform focuses predominantly on American users, and is registered in Wilmington, Delaware.

Poloniex’s Main Function, Features, Benefits, and Reputation

Poloniex was at one point the largest cryptocurrency exchange in the world, prior to bigger platforms like Poloniex and Bittrex competing for attention. The exchange has always had appeal to seasoned traders, as detailed and savvy charting and other tools emulate the best of legacy exchanges. The new owners made much of investigating fiat pairs and overall fiat amalgamation at the time of takeover, but this has yet to manifest.

The Poloniex exchange employs the maker-taker protocol for traders on the site, and fees are competitive. Depicted fees are calculated by extrapolating the last 30 days’ volume. The principal benefit for most users is that the site enables access to a wide variety of digital coin pairs in a professional and secure environment. Users point to the broad range as the main attraction of the platform, while also having the option to store holdings in the pegged Tether coin. Margin trading is available via Poloniex too, something dedicated traders value.

The platform’s reputation is one of a dynamic and professional offering, and although support complaints abound, there are few more serious and legitimate allegations against the exchange to be found online. There are no deposit or withdrawal fees on the exchange, and users typically accrue a fee of around 0.25 percent on trades.

Poloniex KYC and AML Requirements

Especially after acquisition, Poloniex made much of it’s user registration protocols, and the exchange conforms to American regulations that govern even digital fintech companies. A preliminary registration by name and mail address leads to further verification before users can trade.

That said, this only applies to traders looking to trade over $2000 a day. For many who wish to nip in and out of the exchange, in large part because Poloniex has no link to fiat money, anonymous trading is fast and uncluttered.

Poloniex Fiat Acceptance

The Poloniex platform supports no fiat currencies. It is an exclusively crypto-focused exchange, with ubiquitous bitcoin predominating. Users need to enter the exchange via their own existing wallet, as no legacy payment protocols exist to enable fiat entrants to the market.

On the plus side, the exchange accepts payment in numerous digital coins, unlike others who have a very limited range of acceptable payments. Although not enabling of newcomers to render their fiat as virtual currencies, users typically get on board through Coinbase or other fiat-friendly exchanges and simply swing over to Poloniex thereafter.

Poloniex Trust Level

Poloniex has an unusual history, atypical of the average fintech startup. For whatever reason, the company’s youth at the time perhaps, the exchange hack hasn’t translated into a pariah status. On the contrary, the exchange has grown remarkably well in a relatively short space of time, by conventional metrics. Although not a top ten exchange, Poloniex’ consistency in growth and offering speaks of intrinsic values, something users repeatedly point to.

Trust levels are high – typically as high as on any historically unbreached exchange – and the company’s image is one of a fun yet professional trading space for all comers.

Poloniex Customer Experience and Support

In a community of exchanges where most are known to vary from poor to shocking on support, Poloniex has to rank near the bottom end. Tickets open for 90 days or more are not uncommon, and unfortunately the exchange is one of those responsible for the fraternity’s bad reputation.

For whatever reason, customer support has always been marginal in the developing digital exchange arena, and Poloniex is no exception.

Poloniex Security History

A mere two months after launch, March 4, 2014, the Poloniex exchange lost 12.3 percent of its bitcoin to a successful hack. The exchange did halt the attack and stopped trading overnight, but was quickly back again the next day, March 5, 2014.

To its credit, the exchange fielded all losses and was at pains to reassure users of their security, but it remains a nasty incident in its history. Current users are divided on the issue of whether security is now watertight, although it has been paramount ever since the 2014 hack.

The exchange remains unique among those compromised, in that public opinion hasn’t been savaged by its historical loss, unlike others who were either avoided or so badly hacked that they closed soon afterwards. To the platform’s further credit, years have now passed without serious similar incidents.

Poloniex Listing Procedures

Coins are listed on Poloniex as per management’s evaluation, although coins can be submitted for appraisal via the site. Showing a touch of the parent’s concerns, the platform forewarns that it cannot consider listing any coin that “resembles a security. “ The company refers users to perusal of the Howey Test if in doubt as to their coin’s eligibility for listing on the exchange.

Coins listed on Poloniex are market leaders, but the exchange has greater dynamism in reviewing listings than many others. Also, with an extensive existing range, the coins on offer fit most exchange users preference range, and there are no obvious omissions.

Poloniex Conclusion

By capably emulating legacy exchanges, offering advanced margin trading tools and also having the good fortune of solid backing, Poloniex remains a star in the firmament. In a relatively short space of time, the platform has become known as a trustworthy and secure locale for all comers. Newcomers aren’t overlooked, and experienced traders can penetrate markets as deeply and effectively as they wish.

Although other traders elsewhere bemoan the seemingly high fee of 0.25 percent when compared to other models that offer far less, the lack of any deposit and withdrawal fees is a big plus. Should a fiat pairing offer be made available in the future, Poloniex’ current popularity and reputation can only rise. Having successfully negotiated any legal requirements stemming from American regulators and governing bodies, Poloniex comes with a measure of professional standing for traders.

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The Quoinex (or QUOINEX) exchange is a dynamic and blockchain-focused result of parent company Quoine’s desire to enable a crypto future. It can be confusing to newcomers, as the exchange is referred to variably as Quoinex, QUOINEX, Quoine, now also Liquid, and sometimes even QRYPTOS.

QRYPTOS is another Quoine exchange offering that incorporates Shopin, a fully digitized retail marketplace. It does appear that the name will be officially changed from Quoinex to Liquid at some point in the near future, as even CoinMarketCap forewarns users of this pending change on its site.

In a nutshell, the exchange as it stands offers users the ability to deposit in a variety of fiats, while concentrating on a limited number of the top digital currencies to pair for trade. Now falling under Japanese regulatory control, the legitimizing of the exchange through registration and compliance has also helped to grow user numbers.

The exchange is seen as one that has successfully complied with and benefited from regulatory control, and the global perception of Japan as fiscally prudent and always cautious has aided its expansion across the globe.

Unlike many other digital exchanges that present as a single crypto exchange platform, Quoinex has enacted the particularly Japanese phenomenon of surpetition, developing further exchange offerings. The latest from Quoine is the the Shopin venture, which marries a digital exchange into a logical marketplace where users can buy goods and services, using cryptocurrency as the exclusive means of payment.

P2P / Centralized Central
Function Trading
Established 2014
Volume $40 Million
Pairs 50
Owners Quoine
Locale Japan, Singapore, Vietnam
Fiat Yes
Trust Level 9/10
Support 7/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.0 – 0.25%
Benefits Diversity, fiat
Reputation 8/10

Quoinex Establishment

The Quoinex exchange was opened in 2014 and originally called the Quoine Exchange.

Quoinex Trading Volumes

Quoinex has grown daily trading volumes to the point where they currently sit around $40 million. The exchange has also suffered some uncertainty around enabling US residents, post that country’s establishment of various regulations governing Americans and crypto trading.

That said, the facility remains open to Americans, but state-specific legislation still needs to be extrapolated into reality for the average US resident, prior to trading on the exchange.

The Number of Coin Pairs on Quoinex

An initially limited offer of cryptos BTC and ETH has since expanded to include many other digital currencies, resulting in some 50 regular trading pairs on the platform. Overall, the platform presents as a sensible, sufficiently diverse yet wisely limited exchange, something that meets the Asian enthusiasm for digital currencies while shielding users from the worst of junk tokens and pump and dump schemes.

Quoinex Owners

The Quoinex exchange is owned by Japanese fintech outfit Quoine, who also own the QRYPTO exchange. They have developed the Shopin marketplace, in conjunction with selected partners focused on the crypto-retail reality originally imagined by Bitcoin. Officially, Quoinex was founded by Mike Kayamori and Mario Gomez-Lozada.

Quoinex Operating Location

The Quoinex exchange has established offices in Japan, as well as in Singapore and Vietnam. The company has Japanese Financial Services Agency (JFSA) accreditation, something that reassures not only local traders, but also goes a long way towards attracting foreign customers.

Quoinex’s Main Function, Features, Benefits, and Reputation

The Quoinex platform, when contrasted with the company’s other offer on the QRYPTOS exchange, is one that allows for fiat entrants to get on board the crypto starship. QRYPTOS, on the other hand, is an exclusively digital platform, reminiscent of the Coinbase-owned GDAX platform, where a more seasoned and savvy crypto usage is anticipated.

User opinion sees the company reputation flying high, among the best in the world, perhaps another upshot of comparatively good support and a demonstrably professional approach to crypto trading.

Although some users perhaps more accustomed to the bigger Western exchanges note the odd construct in places, the site overall is sleek and largely savvy as regards enabling seasoned traders to access tools required, while still managing to present as logical and supportive towards newcomers.

A large part of its initial appeal, Japanese traders pay zero fees, at least for crypto-crypto trades, whiles others will pay from zero to 0.25 percent on both crypto-crypto trades and fiat-crypto trades too. The exchange denotes a trader’s “base pair” based on the user’s country of residence. On this base pair – for example BTC/JPY for Japanese citizens – all traders allocated such a pair pay zero fees.

Margin trading with leverage up to 1:25 is supported on the exchange, something regular traders quickly become accustomed to. This is high for a digital exchange, although also seen as an essential tool that enables the gradual confidence and success of newbie traders. There is a tailored suite of online intel that keeps traders up to date in real-time, and even scalpers have found a happy home on the platform.

Quoinex KYC and AML Requirements

The Quoinex exchange’s enactment of typical KYC and AML legislation centers on authenticating user bank accounts. Accounts used to fund a trading wallet need to strictly match the other information supplied by individual users, as any discrepancy invokes disqualification. Verification has been somewhat streamlined, however, in comparison to many other digital exchanges.

Quoinex Fiat Acceptance

The exchange accepts primarily the JPY and USD fiats, although other fiats like EUR and SGD are also welcome. In this regard very much like Coinbase, which also owns and runs the GDAX crypto-only exchange, Quoinex’s crypto-exclusive platform is QRYPTO, whereas Quoinex itself is a fiat-enabler in the cryptosphere, if only to a limited extent.

Quoinex Trust Level

Possibly unique but definitely at least rare among digital exchanges, fully 100 percent of funds are cold vaulted by the exchange. How exactly the company renders the exchange liquid on a daily basis seems technically obscure, but the platform is known as a highly secure arena where security is taken very seriously.

Fellow citizen and formerly giant exchange Mt. Gox and other Asian exchanges having succumbed to massive looting over the years, Quoinex has done much to earn consumer trust by applying transparent and watertight protocols on the exchange.

Due to its overall professional approach and visible, active registration with regulatory bodies, the trust levels on the exchange are among the highest of all digital exchanges.

Quoinex Customer Experience and Support

Complaints about the exchange are remarkably few and far between, and the Japanese service ethic seems to have eliminated much of the baggage around poor support carried by so many others. Support on the exchange is not above dragging on occasion, but this is more a business reality than a persistent trait of the company, and service levels are generally deemed to be high, also prompted by registration with the JFSA.

Quoinex Security History     

The Quoinex platform has never been breached and suffered a loss of funds. In one memorable incident, a market-maker B2C2 sued the company after it canceled a major transaction. Although the trader would have gleaned some $3.7 million from the trade, the exchange reversed it, claiming a too-large discrepancy between the trade price and real-time values.

Although this happened prior to governance by the JFSA, the debate on whether this was a case of the exchange covering itself or rather insisting on an honest legitimacy in trading, continues to this day.

Quoinex Listing Procedures

The Quoinex exchange has been a cautious adder of altcoins, starting out with bitcoin and then only ether as cryptos hosted on the platform. Listing is largely determined by management and they in turn seem guided largely by Asian coin popularities, with new additions being slow and carefully analyzed before listing.

Quoinex Conclusion

A professional and broadly user-friendly platform, the Quoinex exchange is emblematic of many Asian exchanges that display great fintech application and security in use, something typically slowly assimilated and employed by global traders. That said, while Asian traders still make up the majority of daily trades, its appeal is growing across the world, based on its zero-fee options for all traders and it’s advanced trading toolbox.

With the addition of the QRYPTO platform and Shopin marketplace, the exchanges usage and revenues seem destined to grow substantially going forward, as both offers clustered around the central exchange hold wide appeal for any trader registered on the exchange.

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Square Cash App

The Cash App is a convenient mobile app made by payment platform Square. In addition to launching the Cash App, Square is best-known for its credit card reading technology and POS systems, including the distinctive “square” credit card readers used by merchants across the United States. Today, the Cash App competes with Venmo as one of the most popular mobile payment apps in the United States. It’s a free service that allows individuals to exchange money using email or mobile phone messages. If you want to quickly and easily send money from one person to another, then Square’s Cash App is one of the best options. You can download it for free today for Android or iOS. By default, users are restricted to sending or receiving $250 per week. However, users who complete additional verification can send and receive up to $2500 per week. Sending and receiving money through the Cash App is as easy as entering the recipient’s email address and hitting send. Unlike Venmo, Square’s Cash App comes with additional cryptocurrency support features. Square has always been a crypto-friendly payment processor, and its Cash App now supports bitcoin.

P2P / Centralized Centralized
Function Payment Platform
Established 2015
Owners Square INC
Locale San Francisco, USA
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process
KYC/AML Requirements Yes
Fees 2.75% to receive payments
Benefits Easy way to send and receive payments in fiat or crypto
Reputation 10/10

Cash App Establishment

Cash App was originally launched as Square Cash in March 2015. The goal of Square Cash or the Cash App was to compete with Venmo by offering fast, easy, and convenient person-to-person money transfers. Square, the company behind Cash App, is one of the more crypto-friendly tech companies in the world today. Square allows merchants to accept crypto payments through its ordinary POS system. Furthermore, the Cash App is headed by cryptocurrency bull and bitcoin supporter Jack Dorsey. For all of these reasons, it was no surprise to see the Cash App enable cryptocurrency support in 2018. Today, the Cash App allows users to send and receive payments in fiat currencies or bitcoin. Furthermore, users can buy bitcoin through the app. In December 2018, the Cash App was the number one most-downloaded app among financial apps on both the Google Play Store and iOS App Store, ranking ahead of apps like PayPal and Venmo.

Cash App Trading Volumes

The Cash App is not technically an exchange: it’s a payment platform that allows you to send and receive cryptocurrencies or fiat currencies. It’s unclear just how much money is sent and received through the Cash App on an average day. However, Square reported $2.21 billion of revenue in 2017 with a net income of $62.81 million. The company processes billions of dollars of payments for merchants every year.

Number of Coin Pairs on the Cash App

The Cash App currently only supports bitcoin. You can buy and sell bitcoin with the Cash App from directly within your account. However, it’s important to note that the Cash App isn’t technically a full-featured bitcoin wallet. You can’t transfer bitcoin to or from a wallet using the Cash App, and it doesn’t function like an ordinary mobile wallet. You can send bitcoin to a business that accepts bitcoin. Or, you can sell your bitcoin for USD and withdraw your USD. You can also transfer bitcoin to a recipient just like you would send a normal payment. However, it’s not quite a bitcoin wallet like crypto users are used to.

Who Owns the Cash App?

The Cash App is operated by Square, Inc. a San Francisco-based payment platform company founded in 2009. The company is led by Jack Dorsey and Jim McKelvey. Prior to launching Square, Dorsey was best-known as the co-founder and CEO of Twitter. Today, he continues to work as the CEO of both Square and Twitter. Jim McKelvey, meanwhile, is an American entrepreneur and businessperson who serves as a Director of Square, although his primary job is now as an Independent Director of the St. Louis Federal Reserve. The Cash App is completely under the Square, Inc. umbrella and is one of the core products and services offered by the company. In addition to Dorsey and McKelvey, other key members of the Square team include Sarah Friar (CFO). Square shares are traded on the NYSE under the symbol SQ. The company went public in November 2015.

Cash App Features, Benefits, & Reputation

Overall, the Cash App is one of the best-supported crypto apps in the space today. Square, Inc. is a publicly-traded Silicon Valley giant with an excellent reputation. Mobile users clearly agree, as the Cash App is routinely the most-downloaded app in the financial services category on the iOS App Store and Google Play Store, ahead of major competitors like PayPal and Venmo.

Using the Cash App to manage your crypto and fiat currencies is extremely easy. The goal of the Cash App is to be the easiest way to send and receive money with friends and family – regardless of whether you’re using fiat currencies or cryptocurrencies. Money transfers occur in seconds over the Square payment network. You can also buy BTC directly from the app. After receiving a payment in USD from someone, for example, you can turn around and use that USD to buy bitcoin without leaving the app.

Another useful feature of the Cash App is the ability to spend your account balance using a free Visa debit card. That debit card is connected to your Cash App account balance, allowing you to spend your funds at real-world online and offline merchants.

The Cash App is also notable for its lack of fees. Sending money costs nothing. Receiving a personal payment from a friend also costs nothing – similar to how PayPal works. Ordering the Cash App debit card costs you nothing as well. Standard deposits are also free. If you plan to send and receive business payments using the Cash App (say, if you’re a merchant selling products and services), then you will pay a 2.75% fee (for receiving the transaction), although the sender does not pay any fee. Meanwhile, all personal payments (sent from a credit card) will be charged a fee of 3%. Cash App also has an “instant deposit” option priced at 1.5%.

Cash App KYC & AML Requirements

The Cash App, understandably, has various KYC and AML verification requirements. However, the app still makes it easy to send your first payment within minutes of signing up. You open the app, enter your mobile phone number or email address, and then tap next to receive a confirmation code via text or email. Then, enter your code into the app and select your primary purpose for the account: personal or business. Follow the on-screen prompts, then link your bank account. Currently, the Cash App is available to residents of all 50 states 18 years or older.

Cash App Fiat Acceptance

The Cash App only works with US Dollars. No other fiat currencies are currently supported with the Cash App. If you are accepting payments through the Cash App, then the user will need to pay in US Dollars. You can buy bitcoin in exchange for US Dollars from directly within the Cash App.

Cash App Trust Level

The Cash App is one of the most-trusted names in the financial services app field today. It’s made by Square, one of the world’s best-known payment processing platforms. Square is a publicly-traded company based in San Francisco. Founded in 2010, the company went public in 2015 under the symbol SQ on the NYSE. Today, the company continues to experience strong growth and shows few signs of slowing down. If you trust Square, Inc., then you can also trust the Cash App. The Cash App is one of the flagship products and services offered by Square.

Cash App Customer Experience & Support

Square has a comprehensive customer service department dedicated to solving all types of problems from customers. Again, Square is one of the world’s largest payment processing companies. Unlike other exchanges on this list, Square has an entire army of customer service professionals dedicated to answering questions from customers. As with any customer support service, you’ll find complaints from current customers online regarding missing funds, lack of support, and other issues. Overall, however, the Cash App has a robust customer support system paired with an excellent customer experience. It’s one of the easiest ways to buy bitcoin overall.

Cash App Security History

The Cash App has a strong security history and few stains on its record. Users can lock their accounts using Face ID, Touch ID, or a passcode on an iPhone. Android users, meanwhile, can protect payments with a fingerprint or passcode. Despite the security restrictions, Cash App still allows you to make your first payment within minutes of signing up, making it an ideal blend of convenience and security. That being said, the Cash App’s security can be threatened by uncareful users. Many users have had their Cash App accounts hacked by using weak passwords and other improper security procedures.

Cash App Listing Procedures

Square routinely explores adding new cryptocurrencies to its platform. It’s possible that the Cash App will grow to support more than just bitcoin. For now, however, the Cash App exclusively supports bitcoin, and we have no information if other cryptocurrencies will be supported in the future/

Cash App Conclusion

The Cash App is the most mainstream crypto payment platform on this list. The mobile app primarily functions like Venmo, making it easy for you to buy, sell, and transfer fiat currencies between friends, relatives, and businesses. In recent years, however, the Cash App has added support for bitcoin. It’s not quite a bitcoin wallet: you can’t send bitcoin directly from your Cash App to a bitcoin wallet. However, you can buy bitcoin with USD from directly within the Cash App, and you can send that bitcoin to businesses or friends within the app. Overall, the Cash App is one of the easiest ways to buy, sell, and transfer bitcoin with US Dollars. One of the few restrictions with the Cash App is that it’s only available to residents of the United States.

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The digital exchange ShapeShift was formed in 2014 and offers an elementary yet popular trading facility to digital currency traders. The exchange is built to offer enthusiasts a brisk marketplace where they can swap out digital currencies. Mostly bitcoin and ether are inter-traded on the site, although the company offers numerous coins for exchange.

Not a digital exchange in the sense of offering charting or other trading intel and with no leverage either, ShapeShift is rather a quick in-and-out site for existing cryptocurrency holders who want to trade for other cryptocurrencies. The exchange lists some 400 cryptocurrency pairs, although around a dozen are “unavailable,” at any given moment, unlike competitor Changelly, where things seem to run smoother.

The exchange doesn’t require that users register or identify themselves in any way. Not even an email address is needed to employ ShapeShift. Wallets pay wallets with the Swiss exchange acting as a facilitator.

Although the company allegedly charges no fees besides the miners fee, the reality is that users are taxed around 0.5 percent on trades. Traders can also take a “quick” order where they accept prevailing market price, or a “precise” order that buys or sells at a specific price.

P2P / Centralized Central
Function Trading
Established 2014
Volume $1.6 Million
Pairs 40+
Owners Erik Tristan Voorhees
Locale Japan, Singapore, Vietnam
Fiat No
Trust Level 10/10
Support 7/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.5%
Benefits Speed, Anonymity
Reputation 8/10

ShapeShift Exchange Details

The exchange does have many happy and loyal users, but is typical of digital exchanges in that its name is constantly dragged through the mud for poor support. This is a valid complaint but, with that said, many do find the platform extremely useful, no matter that other models of digital coin exchanges are known to be cheaper.

Daily volumes are high and, when it first emerged, ShapeShift was a singular offering lacking any real competition, and this has perpetuated its success to date. Although the company boasts average trading times measured in hundreds of seconds, the actual workings of the exchange have been heavily criticized in online forums as amateurish and desperately slow at times.

The site is particularly user-friendly for newcomers thanks to an incredibly simple build and intuitive layout. That said, the single biggest issue for many newcomers to digital coins is converting to fiat, and in this regard ShapeShift won’t be of any use. The exchange does not accommodate fiat currency transactions at all, although this is one reason why they are able to facilitate cross-border trading of digital assets.

ShapeShift remains a simple method of moving holdings between different virtual currencies. The company’s offer comes as a mobile app and deposits, trades and withdrawals are all in digital currency.

Security, a big exchange issue and foremost in the minds of consumers, is both trusted and also a far simpler issue on ShapeShift than with other exchanges. There are no weighty holdings of the company or users’ funds, and although complaints of phishing attacks abound, the exchange security has never been compromised, save one incident of employee sour grapes that appears to have been isolated and swiftly terminated.

The exchange is many enthusiasts’ default locale to anonymously and speedily exchange cryptos. ShapeShift has become an integral part of the cryptosphere, as it does allow users to move between platforms by swapping out tokens. For investors, logging onto the site affords the opportunity to expand and diversify a portfolio, while newcomers too can begin to branch out into alternative coin options once they feel sufficiently familiar with digital currencies.

ShapeShift Exchange Advantages

1. Speed is the major benefit of the exchange for many users as being able to quickly exchange digital coins. Savvy users tweak the process as far as possible in order to garner low fees, and many online comments are extremely positive and five stars applaud the platforms simplicity and effectiveness.

2. Anonymity as well as the lack of any red tape makes the site very appealing to those who prefer their currency dealings to be private, as originally imagined by Bitcoin.

3. The exchange’s global reach has enabled traders from all over the world to access the facility without fear of local regulation nor, for that matter, any overseas concerns either.

4. Prices are fixed when transacting and there is no slippage with ShapeShift. Users peg a specific exchange rate which is a “market rate” derived of several exchanges. These coin rates are constantly updated every 30 seconds onsite.

5. The ShapeShift mobile app has struck a chord with many particularly younger users. If anything, it would appear that mobile users enjoy even faster simplicity on the go. The mobile download performs with all the exchange features intact. The app is available to both iOS and Android users.

6. ShapeShift also pitches another handy app called CoinCap that provides market data on coin prices and market cap in real time. The website/app is integrated with the ShapeShift exchange, providing a next-level trading experience through combination.

7. ShapeShift also asks for user suggestions to expand the offered coin range.

ShapeShift Exchange Disadvantages

On the downside, even for a digital exchange, ShapeShift has picked up persistently similar user complaints. Chat rooms are littered with criticisms. Some of the most serious concerns are around being stung by hidden charges or exchange rates and failed transactions that are met with poor or absent responses from ShapeShift.

1. Prices are ostensibly fixed, yet far too many users complain of paying unexpected rates when transacting on the site. Either the site terms are not clear, or the exchange does its best to misrepresent true costs. Unfortunately, the latter seems the case, as only by ploughing through the FAQs can new users really get a handle on fees they can expect.

2. Although it seems like the same point, minor fluctuations most people can accommodate, but there are persistent allegations that the exchange’s commission actually ranges from around three to eight percent. At these levels, if substantiated, the exchange might well be guilty of rote misrepresentation, although the real issue is simply that with a more proactive and caring approach, these dark allegations wouldn’t persist.

3. There are no prices or rates listed on the site, although users can avail themselves of this via the ancillary app CoinCap.

4. There is no leverage available for traders to utilize on the ShapeShift exchange.

5. Also, no fiat currencies are eligible for any dealings on the exchange. Although this makes it a “pure” crypto site, it also limits newcomers who would otherwise possibly buy into digital coins through the exchange.

6. ShapeShift security is by many metrics good and the exchange is trusted to a large extent in this regard, yet it remains problematic that there is so little available intel on this aspect of operations. The company scores a zero in either transparency or marketing overtures, possibly both. This in an arena where companies get 100 percent plus for security or zero. ShapeShift borders on the latter, as beyond a mention of two-step authentication – which is now so standard as to be banal – the exact nature of storage on the exchange isn’t apparent.

7. Hot wallet facilities have to be in place behind the scenes to enable trading, and although some warnings on hot wallets make them sound completely permeable, the reality is that they are still secure wallets. With that said, ShapeShift is an “open” exchange in the sense that the interface is a fluid hot wallet that invites attention.

ShapeShift Conclusion

ShapeShift remains one of the bigger crypto exchange portals and millions of users have now been through their gates since opening. At least until they have a bad experience, most users trumpet the platform’s ease and convenience. The exchange model that allows for complete simplicity and anonymity has found wide appeal with users. Traders can take advantage of price movements on the go, and the platform has filled a niche and become a staple expectation of digital coin enthusiasts for it.

That said, although a sleek and supposedly professional offering, service and support remain sloppy at best and absent at worst, something totally unacceptable for at least as many other users who have been warned off by the negative press.

Any exchange, whether legacy or crypto, has a particular duty to conduct massively transparent and diligent affairs, and in this regard ShapeShift has the polish but not the mettle. Particularly as a few strong competitors are rising in the arena (and also very often making a better deal of things), it remains to be seen whether the company’s dominance will maintain.

Fees are calculated in the price given to a trader, but these can be higher than average, and for whatever reason, even surprisingly high. All of which points to a poor UI, and new users are advised to sample the exchange to build up a personal level of satisfaction with the company.

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As a New Zealand-based exchange, WEX comes with a load of baggage – firstly that it appears to be a Singaporean exchange.

Although found on, WEX is in fact the BTC-e exchange rebranded. The change was made after BTC-e’s owner, Russian national Alexander Vinnik, was charged for operating an extensive money laundering operation through the platform. Several billion dollars were involved when authorities clamped down on BTC-e, and Vinnik has been something of a pariah in crypto circles ever since.

Most likely trading on the novelty, global anonymity and consumer desire for crypto, Vinnik has reinvented himself as the WEX exchange, although he is absent from the limelight. Users employing this review should treat it as an academic exercise and do their due diligence before transacting with WEX.

If the above didn’t serve as a warning, recent concerns expressed in various forums from July 2018 have pointed to the likelihood of the owner pumping up the exchange in order to pull an exit scam. There is also some confusion online listing Dmitry Vasiliev as the current WEX CEO, as Vasiliev is a Russian bureaucrat who appears to have involved himself in wholly private digital coin offshoot attempt to privatize the world’s economy through digital currencies.

Although Vasiliev is listed as the owner of the WEX exchange in Singapore business records, he recently claimed to have been effectively ousted, or at least lost control of management of the exchange.

It would appear that regardless of what WEX might superficially present as, it is essentially the co-option of a digital exchange to facilitate extremely dubious if not criminal aims. For many enthusiasts, how it remains possible that people trade on the platform is beyond understanding. The details given below are given in the imagining that the exchange will one day legitimize, come clean and be owned by genuine business people who accept their fiduciary duty towards users.

P2P / Centralized Central
Function Trading
Established 2017
Volume $79 Million
Pairs 100
Owners Dmitry Vasiliev
Locale Singapore
Fiat Yes
Trust Level 0/10
Support 2/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.20%
Benefits Diversity, fiat
Reputation 0/10

WEX Establishment

The WEX exchange was launched from the still-smoldering ashes of the BTC-e exchange in 2017. Rather doubtfully, the exchange also claims to be a “payment service provider,” quite possibly trading on the WEX company name, as WEX is also a fleet card provider to government and corporate business, a separate company. This WEX also has offices in New Zealand.

WEX Trading Volumes

The exchange currently posts daily trading volumes around $79 million and has a market cap of $2,001,820. Whether this is indicative of its novelty or pariah status in the cryptosphere is debatable, but the cap is on the lower end for digital exchanges.

The Number of Coin Pairs on WEX

There are approximately 100 coin pairs offered on the WEX platform. USD, EUR and BTC feature strongly in the lineup. Although exchanges that facilitate fiat users getting into crypto are generally well-received and popular, WEX’s dark past means that the company has possibly listed fiat more to enable a big-bang exit rather than out of any real attempt to act as a legitimate bridge between legacy and cryptocurrencies.

Who Owns WEX?

Officially, Dmitry Vasiliev owns the exchange, but ownership details are questionable.

WEX's Main Function, Features, Benefits, and Reputation

If one were to be able to view the WEX exchange objectively, the main benefit for users would still appear to be the platform’s accommodation of fiat in the form of accepted EUR and USD. There is a decent range of coin pairs offered, and were it not for the howling winds of criminal corruption swirling around every aspect of the exchange, it might indeed have found solid adoption among global users.

As it stands, it would appear that the major benefit of the WEX exchange for crypto enthusiasts is not using it. Observers bemoan the tarnishing of the industry’s image by the exchange’s continued existence, and note that it epitomizes all that legislators and legacy investors fear when they look at virtual exchanges.

That said, it functions on a daily basis, but loyal users may be ill-informed or unaware as to conventional codes of conduct for money handlers the world over. There is no margin trading on the exchange, although day traders still constitute what appears to be the majority of users of the exchange.

WEX KYC and AML Requirements

The exchange actually makes much of AML and KYC legislation on its site, outlining the importance and application to the exchange. For those who can bite their tongue long enough, there might be some reassurance in the site intel. The reality is that users are simply exposing themselves to criminal intent by submitting to KYC stipulations on the platform.

Since the exchange’s recent origins were those of a money laundering outfit, all application or avoidance of KYC legislation is a moot point. Current fears of an exit scam tie right into the platform’s ethos, another point noted by those who ponder the exchange’s sudden dedication to listing reams of AML explanations and site applications. Typically, however, any exchange handling fiat is KYC-heavy.

WEX Fiat Acceptance

The exchange allows users to onboard with USD, EYR and RUB, despite a rather rudimentary and simplistic build. Novice traders might find the Reddit-like tones familiar, but it’s more likely that the exchange was built in a hurry, as opposed to consciously trying on a different approach for traders.

WEX Trust Level

Those users that trade on their exchange seem nonchalant if not exactly loyal to the platform, with most somehow oblivious to the platform’s sordid history. For the majority of crypto enthusiasts, the exchange is avoided after a brief online investigation.

WEX Customer Experience and Support

Customer experience seems to be difficult to pin down, as to exactly how efficient the exchange is as a digital currency exchange. Support is also impossible to rate when tainted by repeated allegations of a looming exit scam, which unfortunately in this case carry legitimate concern.

WEX Security History

Although WEX has never suffered a successful hack, the exchange is only around a year old, though security breaches are of lesser concern when the scruples of the owners are under fire.

WEX Listing Procedures

The coin pairs offered on the exchange seem to be a good mix of fiat and cryptos, with some favored altcoins a popular spread-type overall. Users appear not to contribute to listed pairs, but rather the company’s management decides on what to offer traders.

WEX Conclusion

The review may seem harsh as the platform is of value to many and runs daily as a dedicated digital exchange. Yet when the masterminds are criminals, or at least unscrupulous individuals with very sordid histories, an exchange should not be allowed to perpetuate in the fintech arena.

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Wirex is a popular cryptocurrency platform originally launched in 2014 as E-coin. Today, Wirex has moved away from being an exchange. Since February 2016, Wirex has focused on offering the Wirex app, a mobile app that functions as a cryptocurrency wallet. The goal of the Wirex app is to allow users to take control of their digital and traditional money. With the app, users can buy, store, exchange, and spend cryptocurrencies and fiat currencies. You can store cryptocurrency in the app, then order a contactless Wirex Visa payment card through the company. The card comes with cashback features and other bonuses, making it easier than ever to spend your money in the real world. Other great features of Wirex include no fees: Wirex has free exchanges and transfers. Overall, Wirex is the type of app we need to make cryptocurrency more accessible: it lets you spend your crypto in the real world with minimal hassle and no fees. Let’s take a closer look at how Wirex works.

P2P / Centralized Centralized
Function Payment platform, App, Wallet, and Card Provider
Established 2014
Owners Wirex Limited
Locale London, UK
Fiat Yes
Trust Level 10/10
Support 9/10
Security History 100%
Coin Listing Process
KYC/AML Requirements Yes
Fees Yes
Benefits Spend crypto anywhere using an app or card
Reputation 10/10

Wirex Establishment

Wirex was established as E-Coin back in 2014 by Dmitry Lazarichev and Pavel Matveev. In February 2016, the company decided to undergo a rebranding as a wallet and app provider. Today, Wirex has moved forward as a financial services app and wallet with offices around the world. You can download the app today, link it with your bank account, add cryptocurrencies, order a card, access your crypto more easily than ever before. The London, UK-based company is officially authorized by the Financial Conduct Authority (FRN: 902025) under the Electronic Money Regulations 2017 for the issuing of electronic money and payment instruments. They’re a legitimate, high-quality cryptocurrency app and financial services provider. As of 2019, Wirex has over 1.5 million users in 130 countries worldwide. Moving forward, the goal of the company is to expand the availability of banking services, get more people involved in crypto, and remove the geographic limitations of finance.

Wirex Trading Volumes

Wirex is not an exchange, and network volume is not reported. Wirex does process crypto and fiat currency volumes, although the amount of money transferred over the network on a regular basis is not reported.

Number of Coin Pairs on Wirex

Wirex is not an exchange, which means that no traditional “coin pairs” are available. However, Wirex’s app, wallet, and card support popular cryptocurrencies and fiat currencies like bitcoin (BTC), Litecoin (LTC), Ripple (XRP), GBP, EUR, and USD. In 2018 , Wirex added the ability to deposit and exchange over 50 altcoins. However, this altcoin support has recently been removed.

Who Owns Wirex?

Wirex is a privately-owned company registered under the name Wirex Limited. The company is based at 25 Old Broad Street in London, UK.

Wirex Features, Benefits, & Reputation

Wirex has grown to become one of the best-known and most-reputable companies in the crypto space by offering superior app, wallet, and payment services. The company allows you to open a free account online through the Wirex app. You can use that free account as a wallet to store fiat currencies and cryptocurrencies. Once the money is in your account, you can order a contactless Wirex Visa payment card that allows you to instantly convert and spend your cryptocurrencies at any online or offline retailer. You can load the card with BTC, LTC, ETH, and XRP.

In terms of fees, Wirex has surprisingly few fees overall. The app is free to use, and users pay no transaction fees for fiat transfers, cryptocurrency transfers, fiat exchanges, and cryptocurrency exchanges. The only fees charged by Wirex include ATM fees (about $2.50 USD within Europe and $3.50 outside of Europe) and card management fees (1.50 USD/1 EUR, or 1 GBP per month). Foreign exchange fees come with a 3% fee, similar to what you pay on an ordinary credit card.

Not only does Wirex have competitive fees, but the platform actually gives you cashback. You’ll earn 0.5% in bitcoin every time you use your Wirex Visa card to pay in shops, restaurants, bars, and on transportation. Wirex calls this its “Cryptoback” program.

In addition to offering the app and payment cards, Wirex offers a variety of wallet solutions, including six secure multi-sig, cold-storage crypto and traditional currency wallets. Wirex’s wallets allow you to buy, store, and manage your BTC, LTC, XRP, ETH, and WAVES) as well as your traditional money (GBP, USD, and EUR). You can add funds using a credit card, debit card, or bank transfer. You can also instantly swap your cryptocurrency and fiat currency at live rates.

Wirex KYC & AML Requirements

Like most legitimate financial institutions, users are required to complete KYC and AML verification prior to accessing most Wirex features. Wirex also emphasizes secure payment technology, using features like 3-D Secure Protection from Visa to lower the risk of unauthenticated payments. Users can setup biometric and device verification and two-factor authentication to ensure all purchases are legitimate.

Wirex Fiat Acceptance

Wirex handles three main types of fiat currencies, including the USD, GBP, and EUR. You can load all three fiat currencies into your Wirex account or wallet. You can also transfer these three fiat currencies for all major cryptocurrencies listed through the platform, including BTC, LTC, XRP, ETH, and WAVES. Overall, Wirex is one of the best payment platforms acting as a bridge between the worlds of fiat currency and cryptocurrency.

Wirex Trust Level

Wirex is generally one of the more trusted payment platforms and crypto systems providers on the market today. The company has a well-established track record of playing by the rules, abiding by regulations, and handling user funds responsibly. There are few reports online of major trust violations. 99% of user funds are kept in secure cold storage. Wirex is transparent about its fee structure and it doesn’t try to overwhelm customers with hidden fees, transaction fees, or other mysterious charges.

Wirex Customer Experience & Support

Wirex is generally accessible to customers online, and the app and UI are easy to navigate. If you’re familiar with any modern banking app, then you will have no trouble using Wirex’s platform. It’s simple, effective, and easy-to-use. In terms of customer support, Wirex has a help center where users can access frequently asked questions about all types of topics. If you cannot find an answer to your question via the help center, then you can submit a support ticket to the company. Online user reports are generally positive about the feedback received from the company, indicating that Wirex takes customer service seriously.

Wirex Security History

Wirex is authorized by the UK Financial Conduct Authority. The company has an FCA e-money license. Wirex is a legitimate company that complies with all applicable UK laws. To date, the company has not suffered any major public security breach. There are no reports of any major hack taking place. Like any exchange and payment provider, you can find scattered reports of users missing funds and losing transactions. However, these reviews can be found for virtually any exchange online and are difficult to verify. It’s also important to note that Wirex stores 99% of all user funds in segregated, multi-signature cold storage wallets to ensure you’re the only one who can access your own money.

Wirex Listing Procedures

Wirex is not an exchange and does not list new cryptocurrency or fiat currency pairs. However, the company does routinely add new fiat currencies and cryptocurrencies to its platform. Today, the platform supports USD, GBP, and EUR for fiat currencies along with BTC, LTC, XRP, ETH, and WAVES for cryptocurrencies. Wirex is constantly seeking to add new cryptocurrencies, although they’re selective about which ones are added to the platform.

Wirex Conclusion

Wirex is one of the leading crypto companies bridging the gap between the modern financial system and the world of crypto. Thanks to Wirex, users can access a contactless Visa payment card that allows them to earn Cryptoback rewards without minimal fees. You can add your cryptocurrencies and fiat currencies to that payment card to spend your balance at any online or offline retailer. Overall, if you’re looking for a way to access your crypto funds in the real world, then Wirex is one of the most reputable financial services providers in the space today. The London, UK-based company also has a clean history in terms of customer service and security.

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The XAPO exchange is less an active exchange than a bitcoin wallet facility. The XAPO wallet comes with a debit card that allows users to approximate real-world fiat spending with bitcoin. Although seemingly simplistic, certainly in comparison to many digital exchanges that offer detailed trading facilities, the XAPO offer is nonetheless one that enables daily living with crypto, and has proven popular since inception.

There is another aspect to XAPO that might help retail investors to better understand the company’s value, and that is its reach into the institutional arena. By some accounts, the wallet could be sitting on around $10 billion in bitcoin, some seven percent of existing bitcoin. The company has been a relatively private crypto banker for many Silicon Valley big hitters over the last few years, and its prime value is that of a digital Fort Knox in which banks and other institutions can safely store their bitcoin post-purchase.

Conjuring up images of underground bunkers and other high-level security measures, all valid, the company is all about massive security, cold vaulting its holdings while allowing users immediate access to funds transferred to the hot wallet via the company debit card.

Essentially a marriage of legacy protocols and desires with crypto’s dynamism, XAPO does not really afford any trading opportunities, rather having become the last word on digital vault security and real-time crypto application. Users avail themselves of the company’s online wallet facility, while also stashing most of their funds in the XAPO deep cold vault.

P2P / Centralized Central
Function Merchant gateway
Established 2014
Volume n/a
Pairs n/a
Owners Wences Casares
Locale Hong Kong
Fiat USD / EUR
Trust Level 9/10
Support 6/10
Security History 100%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 0.002 BTC
Benefits Secure, unhackable
Reputation FILL

XAPO Establishment

The XAPO wallet was funded by some big corporate names, and launched in 2014. Fanfare around the launch was muted in comparison to other digital exchanges, mostly as those seek a higher volume of patronage, whereas XAPO is a very tailored offering, focused on large individual clients.

XAPO Trading Volumes

There are no trading volumes to speak of, with XAPO decidedly more a wallet than an exchange. The XAPO wallet only supports bitcoin anyhow, limiting any “exchange” to being between fiat and bitcoin.

The Number of Coin Pairs on XAPO

There are no trading pairs offered by XAPO, geared as it is to be a highly secure resting place for bitcoin holdings. Rather than bringing cold vaulted bitcoin online with which to trade, XAPO focuses on stored bitcoin being made available via the hot wallet facility for daily purchasing transactions, in real-time, using a debit card.

Who Owns XAPO?

The XAPO exchange is owned by Argentinian entrepreneur and current CEO Wences Casares. The company first launched in Palo Alto, California in 2014. Due to regulatory concerns at the time, it translocated to Switzerland shortly thereafter. It is now officially incorporated in Hong Kong, maintaining offices in Europe and California. At the time of launch, Casares said the the principal aim of the platform was to make bitcoin both more secure and more accessible, a successful core focus that persists to this day.

XAPO’s Main Function, Features, Benefits, and Reputation

The XAPO “exchange” has the reputation of being the best-kept open secret among institutional players looking at investing in or transacting with bitcoin. True to the original vision of a single cryptocurrency, the wallet is built around Bitcoin and functions as the first-level and much-needed security that a business needs in order to safely purchase bitcoin.

While digital exchanges are typically highly secure and unhackable for all intents and purposes, the specter of loss still remains unacceptable to many institutional players. This is borne out by the fact that Coinbase and others are scrambling to manifest custody facilities – where institutional funds are securely stored and typically insured – in order to access the potentially huge volumes institutions could bring to any digital exchange.

For many clients, the featured cold storage and benefits of a legacy-modeled debit card that renders their bitcoin fluid in real-world transactions is enough of a benefit to ensure their participation. As opposed to being all about profiting from digital coin trading, XAPO is about ensuring that digital funds for trading, buying or even holding are immaculately secure and beyond the prospect of loss. Combined with the unusual feature of a debit card spend option, the company has addressed both watertight security concerns as well as access and ease of use considerations in a manner that resonates with institutional players.

XAPO KYC and AML Requirements

Geared as it is for these institutional players still very much immersed in the world of fiat currencies, KYC and AML requirements are not onerous with the company, yet remain in place, compelling users to verify before being able to transact. Typical identifying documents need to be submitted before any user can actively purchase and store bitcoin in the wallet.

XAPO Fiat Acceptance

XAPO accepts fiat funding of wallets, focusing on USD and EUR deposits.

XAPO Trust Level

Trust levels are supremely high around the wallet, as it sits on a massive amount of bitcoin, stored in a demonstrably untouchable manner, something that reassures clients no end. Many retail users employ the wallet, and it is not just for institutional players. All value both the unbreakable security as well as the access provided by the company debit card.

As testament to the security at play, retrieving funds from the XAPO vault takes some 48 hours, and users can track the process as it unfolds. The time delay is due to the extensive and purposefully slow verification any request is subject to, before being finalized. The company is transparent and publicly associated with a project team, funders and advisors that bring the reassurance of corporate legitimacy to the company.

XAPO Customer Experience and Support

There are very few complaints online about anything other than delays when using the wallet/exchange. Delays can be weeks in duration, especially employing the European SEPA payment route.

To be fair to the company, there is a reason for this. Since the company applies such detailed analysis to every transaction, a prime reason for its tight security, any minor discrepancy can stall a transaction.

Users often complain that they have to resubmit their documentation to access their funds, but this is a product of the unflinching security requirements, rather than support ineptitude. Support mails are frequently ridiculed for failing to address the user’s sense of urgency, but that’s the deal with XAPO – enjoy immaculate security of funds, but don’t complain when the company applies the protocols required to enact such next-level security.

XAPO Security History

The XAPO vault has never been breached, and remains the least likely candidate to ever experience a successful attack.

XAPO Listing Procedures

There are no listing procedures with XAPO, as it deals exclusively with bitcoin and offers no trading pairs or any other usual digital exchange features.

XAPO Conclusion

With a cold vault that borders on frozen, and the joy of a debit card with which users can spend their bitcoin, XAPO does present a first-step entrance for especially institutional players who want to buy bitcoin with fiat currency. Coupled with the extreme security of the process, it delivers a valuable service to those who want to avoid any prospect of digital currency loss. It also makes living a retail life simple, and in using its debit card the promise of easy, global bitcoin transactions becomes a reality.

Although not quite the same as a custody service – typically employed to safeguard actively traded funds – the XAPO wallet has almost silently attracted massive bitcoin holdings. Having become the last word on digital currency security, the company is likely to only grow these funds going forward.

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xCoins is a bitcoin lending platform that promises to be easy-to-use, safe, and secure. With xCoins, users can buy bitcoin using credit cards or PayPal – something that you typically cannot do on any platform. This isn’t a traditional loan. Essentially, you’re buying bitcoin in exchange for a credit card or PayPal payment. xCoins connects users willing to accept credit card or PayPal payments with buyers willing to make those payments. Typically, buying bitcoin on xCoins takes just a few minutes. Today, xCoins has over 25,0000 users in 40 countries worldwide. Overall, the platform claims to be “just like an exchange, but better”. Keep reading to discover more about how xCoins facilitates secure bitcoin transactions.

P2P / Centralized Centralized
Function Bitcoin Purchasing
Established 2016
Pairs 1
Owners xCoins INC
Locale Santa Monica, California, USA
Fiat Yes
Trust Level 7/10
Support 8/10
Security History 95%
Coin Listing Process Closed
KYC/AML Requirements Yes
Fees 2.9% + $0.30 USD (from PayPal) + interest (from lender)
Benefits Buy bitcoin with PayPal or credit card
Reputation 10/10

xCoins Establishment

xCoins was founded in August 2016. The company is based at 1541 Ocean Ave., Suite 200, in Santa Monica, California. There’s limited information online about who founded the company, who’s running it, or what their background is.

xCoins Trading Volumes

xCoins doesn’t disclose the amount of trading volume on its platform. Remember: it’s not a conventional exchange where users sell bitcoin for USD. Instead, it’s technically a lending platform. Today, xCoins claims to have over 25,000 customers in 40 countries. The volume is significantly lower than all major exchanges, although xCoins remains a popular option for users who want to buy and sell bitcoin via PayPal or credit cards.

Number of Coin Pairs on xCoins

xCoins supports just one cryptocurrency: BTC. You can buy BTC on the platform and store it in your xCoins wallet. Typically, trades/loans on xCoins are made using US Dollars. However, since payments are made via PayPal and credit card, you can technically use whatever currency you like (PayPal or your credit card company will just convert your local currency into USD when making the payment). Generally, most trades on xCoins are made using BTC/USD.

Who Owns xCoins?

xCoins appears to be a privately-owned company based in Santa Monica. There’s no information on the official website about the company’s investors or parent company.

xCoins Features, Benefits, & Reputation

The core benefit of using xCoins is that you can buy bitcoin using PayPal and credit cards. Other platforms – like Coinbase – allow users to easily buy bitcoin using credit cards. However, it’s typically quite difficult to buy bitcoin using PayPal, and buying bitcoin with PayPal is against the company’s terms of service. To buy bitcoin using xCoins, you just need to sign up, specify the amount of bitcoin you want to buy, make a payment with your preferred payment method, then receive bitcoin in your xCoins wallet.

What makes xCoins different is its secured lending process. Technically, all bitcoin purchases on the xCoins platform are made through this secured lending process. xCoins describes secured lending as “just like exchanging, only better” because it allows users to obtain bitcoin using their credit card or PayPal account quickly. Even when other exchanges do allow you to use credit cards, you often have to wait several days for the purchase to complete. xCoins, on the other hand, matches you with sellers willing to transfer the money instantly. In addition to spending with credit cards or PayPal, xCoins lets you sell using a bank account by ACH or eCheck.

Meanwhile, “investors” can use xCoins to make a return on their bitcoin holdings. You can sign up for the platform as an investor. You deposit bitcoin into the platform. Then, the automated xCoins system will match you with buyers. xCoins handles all user approvals and support. You can get started with as little as $20 of bitcoin and begin earning a return on your investment immediately. At the conclusion of a loan or purchase, you will receive US Dollars deposited into your PayPal account plus interest.

In terms of fees, xCoins charges interest on each loan, with interest rates varying. In addition, users will need to pay PayPal fees, which are typically 2.9% + $0.30. Then, there are loan origination fees that typically start at 5% and higher, depending on lending volume.

xCoins KYC & AML Requirements

xCoins maintains strict KYC and AML requirements. All users must verify their identities when opening an account on the platform. Any suspicious transactions made using the platform are recorded and logged. xCoins claims these suspicious transactions may be reported to law enforcement agencies for investigation. xCoins is available to residents of most countries worldwide, although the United States and Canada are not supported countries.

xCoins Fiat Acceptance

xCoins accepts credit card and PayPal payments. Typically, trades/loans on the platform are processed using US Dollars. However, most credit card and PayPal accounts support multiple fiat currencies. Your credit card company or PayPal will handle the transfer from a foreign currency into US Dollars. This means you can effectively trade any fiat currency using xCoins, although typically, your trade will be processed in USD/BTC.

xCoins Trust Level

xCoins seems to have a strong history of processing trades for clients. However, there’s limited transparency on the xCoins website in terms of team information. Nevertheless, xCoins is a legitimate crypto company with a history of attending blockchain events. In addition, contact information is clearly listed online, and users can contact the company 24 hours a day, 7 days a week for support.

xCoins Customer Experience & Support

xCoins has customer support available online via phone and email. Most users report receiving a response to their questions within 24 hours of submitting the question. You can contact xCoins via email at [email protected] or via phone at +1-310-589-4556. The website also has a live chat form.

xCoins Security History

xCoins was hacked in December 2016. At the time, it was reported that users lost 50 BTC total. xCoins acknowledged the security incident on its official social media accounts, saying, “Something did happen. We are looking into it now.” Trading was temporarily suspended across the platform. Within hours, xCoins had returned to normal operations. The stolen funds were restored to users. The security incident appeared to be linked to social engineering. Aside from this incident, xCoins has not suffered any major, publicly-disclosed hack in its history.

xCoins Listing Procedures

It doesn’t appear that xCoins plans to list new coins on its platform in the near future. For now, xCoins is focusing on providing BTC to users who have a PayPal account or credit card. The company has not announced plans to launch new coins or support new cryptocurrencies. Additionally, xCoins has not disclosed its listing procedures, and it’s unclear if xCoins has strict listing requirements or any listing requirements whatsoever.

xCoins Conclusion

xCoins is one of the more unique bitcoin “exchanges” available online today. The platform functions like a lending platform by connecting people who have bitcoin with people who have PayPal accounts or credit cards. You can buy bitcoin with PayPal or credit cards using the xCoins platform, paying a fee of around 5% for the convenience. You can cash out the loan immediately, paying the amount in full. Investors, meanwhile, can earn a return on their investment by depositing bitcoins into the platform. As an investor, your bitcoin will be sold to buyers. Then, xCoins will pay you via US Dollars (plus interest) into a PayPal account. Ultimately, xCoins provides a valuable service to the cryptocurrency community by allowing users to buy bitcoin with PayPal or credit cards instantly.

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Yobit is a Russia-based cryptocurrency exchange first launched in 2015. The exchange has a notorious past. In 2017, the exchange was investigated by Russian law enforcement authorities threatening to shut down the exchange over alleged fraudulent activities. The exchange’s executives, however, claim it was all a misunderstanding over a single problematic cryptocurrency listed on the platform. The platform continues to operate smoothly today. The platform is best-known for its US Dollar and bitcoin pairs and its support for Russian Ruble deposits. You can only deposit RUR and USD into the platform. Yobit is one of the most popular cryptocurrency exchanges for Russian users. However, the controversial nature of the platform turns away some users. Yobit also has its own digital token called the YOVI coin, or Yobit Virtual Currency.

P2P / Centralized Centralized
Function Trading
Established 2015
Volume $ 12 Million USD
Pairs 450+
Owners xCoins
Locale Russia
Fiat Yes
Trust Level 5/10
Support 5/10
Security History 95%
Coin Listing Process Open
KYC/AML Requirements Yes
Fees 0.2%
Benefits Russian Crypto Trading
Reputation 7/10

Yobit Establishment

Yobit was established in 2015. The company introduced the exchange to the world via the Bitcointalk forums. Limited information is available about the founders of the company, their background, or even their location. Most assume that Yobit is based in Russia, although it’s possible that the exchange is based in another CIS country. Yobit’s reputation took a significant hit in 2017 when it was revealed that the exchange was under investigation by Russian law enforcement authorities for fraudulent activities. However, Yobit executives insist that the problem was linked to a Ukrainian cryptocurrency exchange and digital currency called EdinarCoin. Today, Yobit continues to be one of Russia’s most popular cryptocurrency exchanges, with approximately 30% of all users coming from Russia. The exchange is also used by crypto traders in Ukraine, the United States, Japan, and Vietnam.

Yobit Trading Volumes

As of January 2019, Yobit is processing around $10 million to $15 million of trading volume every day, putting it in the top 60 to 70 cryptocurrency exchanges by market cap. Overall, Yobit is one of Russia’s most popular cryptocurrency exchanges.

Number of Coin Pairs on Yobit

Yobit currently has 450+ coin pairs listed on its platform. However, the vast majority of these pairs have little to no volume. The most popular pairs on Yobit include ETH/BTC, ZEC/BTC, DASH/BTC, LSK/BTC, ETC/BTC, LTC/BTC, FTO/BTC, and BTC/USD. Yobit is also one of the few exchanges where you can buy the company’s native YOVI coin. Currently, no Russian Ruble pairs are available on the platform. Most pairs are denominated either in BTC or USD. However, Yobit remains popular among Russian users because the exchange accepts popular Russian deposit methods, allowing users to deposit money via Russian Rubles from their ordinary Russian bank accounts.

Who Owns Yobit?

Yobit is owned by an unidentified team or company. We know little about the founding team behind Yobit. Many have assumed that Yobit is headquartered in Russia, although it’s not totally clear.

Yobit Features, Benefits, & Reputation

Yobit is best-known for being a crypto exchange catering to Russians. Although Yobit does not currently list Russian Ruble (RUR) pairs, the exchange allows you to deposit money using money transfer methods popular in Russia, including Perfect Money, OKPAY, Advcash, Capitalist, and Payeer.

Meanwhile, the Yobit interface is clean and easy-to-use. Most users will find it familiar to other major exchanges. It’s easy to separate Yobit’s UI based on markets, cryptoassets, and other information.

Other unique features include the ability to gamble using the platform by getting “free coins”. There’s a dice game where you can gamble your BTC for a certain price. You guess whether the next dice roll will be higher or lower than the previous roll. If you’re successful, you’ll win more BTC. If you’re unsuccessful, then you lose BTC.

Obviously, Yobit has some reputation issues that distinguish itself from more reputable exchanges. There’s limited transparency about the exchange available online, and we know little about the founding team, executive team, and others involved with the company. It appears that Yobit is an unregulated, unregistered exchange. However, we know little about the Yobit team.

In terms of fees, Yobit charges a flat 0.2% fee for all traders on the platform. Unlike other cryptocurrency exchanges, Yobit does not distinguish between maker and taker fees. Users will also need to pay fees based on their deposit or withdrawal method. Many payment methods allow free deposits of RUR or USD. However, Yobit charges fees of 3% to 5% when withdrawing via most payment methods.

Yobit KYC & AML Requirements

Yobit requires users to complete KYC/AML verification prior to making trades on the platform. You can sign up for an account online via Yobit. You will be sent a verification code via your registered email ID. You will need to provide government-issued identification documents and bank information prior to depositing money into the platform. Depending on the backlog at Yobit HQ, this can take anywhere from several hours to several days. After completing the signup process, you can enable two factor authentication (2FA) on your account. It appears that Yobit accepts users from all countries, and the exchange does not appear to block any IP addresses on geographic location.

Yobit Fiat Acceptance

Yobit accepts deposits in Russian Rubles (RUR) and US Dollars (USD). However, most trades on the platform are denominated in US Dollars. You can typically deposit money for free, although you will need to pay fees of 3% to 5% when withdrawing money from the platform. Available transfer methods on Yobit include Advcash, Capitalist, Payeer, Perfect Money, and QIWI. You can also deposit crypto into Yobit for free.

Yobit Trust Level

Yobit has been operating since 2015. In 2019, the exchange continues to be one of the biggest crypto exchanges by trading volume. However, there are significant issues surrounding Yobit’s transparency and history that leave something to be desired. Some users don’t trust the exchange, and some believe the exchange is totally unregulated. Others have connected Yobit to pump and dump schemes. In 2017, the exchange was investigation by Russian law enforcement for alleged fraudulent activities. Overall, when an exchange provides limited transparency about its operating team or background, it’s a red flag. Although Yobit continues to operate smoothly, there are significant issues with its level of trust.

Yobit Customer Experience & Support

Yobit has a customer support service that aims to respond to ticket requests within 24 hours. There does not appear to be a way to contact the company via phone or email: you need to open a new ticket via Yobit’s support center. Some users report receiving an adequate response to their ticket within 24 hours. Other users claim they had to wait days for a response.

Yobit Security History

Despite the controversial exchange’s troubled history, Yobit appears to have maintained strong security over the years. The exchange has suffered no major publicly disclosed attacks. In January 2019, however, a certain number of Ethereum Classic (ETC) coins were lost after the 51% attack on the network. Fortunately, Yobit later reported that 94% of the stolen ETC had been returned by the hacker. Originally, Yobit announced that they would be covering any ETC losses using the Yobit Insurance Fund. The estimated losses were initially $567,314, although with 94% of the coins returned, that number drops to $33,417. The only other major security incident on Yobit occurred in October 2018 when the website’s Twitter got hacked, causing it to promote a pump and dump scheme.

Yobit Listing Procedures

Yobit has an “Add Token” page on its official website that allows anyone to add a token to the exchange. Yobit claims to add new tokens every 1 to 7 days. All you need to do is provide a token ID, an link, a name for your token, a ticker symbol, and other information. Yobit appears to have very open token listing policies. They don’t allow the listing of coins with unlimited supply, and they require you to have made a formal Bitcointalk thread. Aside from that, however, there are limited restrictions governing which coins get listed on the platform.

Yobit Conclusion

Yobit is one of the most popular cryptocurrency exchanges in Russia. Users appreciate the exchange because it supports deposits via Russian Ruble (RUR). Most of the pairs listed on the platform, however, are denominated in BTC or USD. Yobit has open token listing policies, allowing virtually any token to be listed on the platform. Today, there are over 450+ pairs listed on Yobit, although most pairs have little to no trading volume. Yobit is also known for its controversial past: the company has little information about itself posted online, and they were reportedly investigated by Russian law enforcement authorities in 2017 for links to fraudulent activities. Despite these issues, Yobit remains one of the world’s most popular cryptocurrency exchanges by trading volume and is particularly popular among Russian users.

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ZB is a Chinese cryptocurrency exchange known for offering crypto-to-crypto trading to a mostly Chinese userbase. Today, ZB sits in the top 10 biggest crypto exchanges worldwide by trading volume. As of March 2019, is number five on the list of biggest crypto exchanges worldwide with over $570 million of crypto traded every 24 hour period. ZB currently sits ahead of well-established competitors like Huobi, HitBTC, and Bitforex, among others.

ZB has an extensive collection of trading pairs available. With over 80 pairs available on the platform, ZB offers popular cryptocurrencies like ETH, NEO, BTC, EOS, and XRP, along with major stablecoins like Tether (USDT). There are also more obscure tokens listed on the platform. ZB’s own token, listed under the symbol ZB, is also available for trading via the ZB/BTC pair.

Like other Chinese crypto exchanges, ZB has avoided regulatory crackdowns by not being officially registered in China. ZB is registered under the name ZB technology Limited in the country of Samoa. And, similar to exchanges like Binance and Bibox, there’s limited transparency about any aspect of ZB’s operation online, including who’s running the exchange.

P2P / Centralized Centralized
Function Trading
Established 2017
Volume $ 570 Million USD
Pairs 80+
Owners ZB Technology Limited
Locale Samoa
Fiat No
Trust Level 4/10
Support 8/10
Security History 100%
Coin Listing Process Open
KYC/AML Requirements No
Fees 0% – 0.2%
Benefits Cheap, crypto-to-crypto trading for Chinese users with limited regulatory oversight
Reputation 5/10

ZB Establishment

Just like Bibox, Binance, and similar exchanges, there’s limited information about the founding of ZB available online. We know that ZB is registered in the Independent State of Samoa under the name ZB Technology Limited. We also know that ZB was founded in 2017. ZB also claims to maintain offices in Canada and the United States, with additional operations in Bangkok, Dubai, South Korea, Malta, and Switzerland. Most reports online suggest that ZB is headquartered in Hong Kong. However, it appears that ZB is totally unregulated aside from being a registered corporation of Samoa. We also don’t have the name or background information of a single person behind the exchange.

ZB Trading Volumes

ZB, like many crypto exchanges with limited regulatory oversight, ZB has surprisingly strong trading volume. The exchange, as of March 2019, sits in the top 5 crypto exchanges worldwide by trading volume. ZB has particularly strong trading volume available in pairs like ETH/BTC, ETH/USDT, NEO/USDT, BTC/USDT, EOS/USDT, and XRP/BTC, which account for about 50% of all trading activity on the exchange. Unlike other exchanges, however, ZB maintains strong trading volume across dozens of pairs, with even lower-volume pairs on the platform attracting decent trading activity.

Number of Coin Pairs on ZB

ZB has over 80 coin pairs. The exchange seems to have a mix of established cryptocurrencies and lesser-established altcoins, including some coins you’ve never heard of (although admittedly, there’s limited traffic on these smaller pairs). Of the 85 pairs currently listed on ZB, approximately 40 have trading volume over $50,000 per 24 hour trading period. ZB recently trimmed down its trading pairs, as over 200 pairs were listed on the platform at one point in time.

Who Owns ZB?

It’s unknown who owns ZB or runs the company. ZB is registered under the name ZB Technology Limited in Samoa, although no executives or owners are specifically listed.

ZB Features, Benefits, & Reputation

ZB is popular for a few simple reasons: it’s an unregulated exchange with lax regulatory policies and no official regulator oversight. It seems to allow users to trade large volumes of cryptocurrencies with limited restrictions. Although ZB offers strong benefits to certain users, it does not have a good reputation: we know virtually nothing about who’s behind the company, where ZB is based, and other pertinent information. As far as we can tell, ZB is totally unregistered, unlicensed, and unregulated (aside from being a registered corporation in the country of Samoa).

ZB appears to have been founded soon after China cracked down on crypto trading in September 2017. Early reports indicated that ZB was based in Hong Kong, although it’s not totally clear where ZB is currently headquartered. Over the years, ZB gradually climbed the ranks, eventually becoming one of the largest exchanges worldwide by 24 hour trading volume.

ZB has competitive trading fees, which is typical for an exchange that offers no fiat currency trading. Fees range from 0% to 0.2% on ZB, depending on your trading volume and whether or not you’re using the ZB token. Additionally, some pairs, including mostly USDT pairs, are free to trade. ZB also has competitive withdrawal fees, and most deposits are free.

ZB mostly caters to Chinese-speaking crypto traders, although the website is officially available in both English and Chinese. You can also access ZB from anywhere in the world, regardless of your location.

ZB KYC & AML Requirements

ZB requires users to complete KYC/AML verification to complete certain actions – like participating in coin drops. Generally, however, KYC/AML verification requirements are lax on the platform, and users have no trouble withdrawing a small amount of crypto (less than 2 BTC per day) on non-verified accounts. Nevertheless, KYC and AML requirements seem different for certain users, and some users have been required to complete KYC/AML verification by uploading ID documents and a verified Chinese phone number.

ZB Fiat Acceptance

ZB does not accept any fiat currency. However, the exchange does list multiple Tether (USDT) pairs. Some reports online indicate that you can deposit Chinese Yuan into ZB, although no CNY pairs are currently listed on

ZB Trust Level

The only reason to trust ZB is because it’s one of the world’s largest exchanges – and that’s not a very good reason to trust any exchange. ZB provides limited information about itself online. We know little about where the company is based or who’s running it. ZB does not appear to have any licensing or regulation. For all of these reasons, ZB has the same trust level as Bibox and similar Chinese exchanges, although the lack of transparency is unsurprising given China’s harsh stance towards crypto exchanges.

ZB Customer Experience & Support

ZB has customer support staff available 24 hours a day, 7 days a week. You can contact ZB customer support via online form or through email at [email protected] Most reports online seem to indicate a positive experience with ZB, with users claiming the exchange was happy to help with identity verification and other requirements.

ZB Security History

ZB appears to have a clean security history. We can find no evidence of major hacks on ZB that have been publicly disclosed.

ZB Listing Procedures

ZB appears to have open listing procedures. Most of the top pairs on ZB are for the world’s largest and most popular cryptocurrencies. However, ZB also lists dozens of more obscure altcoins. At one point, ZB had over 200 pairs listed on the platform, although it appears to have trimmed the list to around 80 pairs.

ZB Conclusion

ZB is similar to other Chinese crypto exchanges: there’s limited information about the platform available online. There does not appear to be any licensing or regulatory oversight. ZB isn’t even based in China – it’s registered in Samoa, with unknown office locations based around the world. The lack of transparency, of course, is to be expected for exchanges catering to a Chinese audience. We’ve seen it with Bibox, Binance, and other exchanges. Despite the lack of transparency and trust, ZB remains one of the world’s largest crypto exchanges by trading volume. As of March 2019, ZB has climbed into the top five largest crypto exchanges worldwide by trading volume. Clearly, users in China and elsewhere aren’t concerned with the lack of transparency, and users remain attracted to ZB for its cheap fees, lax regulations, and easy-to-use interface.

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