Coinbase Review [Is it Safe?] Our Take on the Exchange

In this Coinbase review, we will take a thorough look at the world’s largest Bitcoin broker. While it does not function as a traditional marketplace, Coinbase is a great point of entry where you can exchange traditional fiat currencies for cryptocurrency.

A brief review of the Coinbase History

Like many other startups, Coinbase was incepted in San Francisco’s Silicon Valley. Its founders, Brian Armstrong and Fred Ehrsam, created the concept in July of 2011, making it one of the oldest coin exchanges in existence; their vision, to create a brokerage exchange of the three most popular cryptocurrencies: Bitcoin, Ethereum, and Litecoin. In June of 2012, Armstrong and Ehrsam launched their product, their stated goal, to offer a digital currency wallet and exchange platform viable for both consumers and crypto merchants.

By 2013, Coinbase had more funding than any other Bitcoin start up and quickly became the largest cryptocurrency exchange brokerage in the world. Later in this Coinbase review we will go further in depth over the variety of reasons why Coinbase became so popular and what about its model worked so effectively. Briefly, though, Coinbase was unique in that it permitted users to exchange cryptocurrencies at a set price based on their market value, which in turn allowed users to either sell or buy cryptocurrencies at a much faster rate than that provided by other exchanges currently on the market. They also were one of the first companies to take the risk and accept credit cards as a means of purchasing coins.

While it began as merely a brokerage, whereby it sold Bitcoins directly to customers, in May of 2016, Coinbase added a secondary product by joining the GDAX, (global digital asset exchange). As of today, Coinbase operates in 32 countries, with its three largest consumer hubs coming from the United States, United Kingdom, and Brazil. It has north of eight million customers and has facilitated the exchange of hundreds of billions dollars worth of coins.

How to Get Started on Coinbase

Below we will review how Coinbase works and the positives and negatives of the system:

How it works

It is important to understand that Coinbase functions in a manner that is far more similar to the operations of a bank than the actions of a broker. Much of this is due in part to the fact that it was the first of any digital exchange company to receive a VCOL (virtual currency operating license). In order to receive this and to participate with major banks, it would have to adopt more stringent banking laws and regulations. Therefore, Coinbase complies with AML (anti-money laundering) and KYC (know your customer) regulations.

  • KYC Regulations and Coinbase – Because of increased corruption, money laundering, and bribery passing through international banks by criminal enterprises, Know Your Customer regulations were introduced by large banks so that financial institutions could spare banks from being used to hide or clean money, regardless of whether or not they were intentionally doing so. There are four main pillars to KYC that help banks become better acquainted with the people using their banks:
  1. Monitoring transactions
  2. Customer identification procedures
  3. Risk management
  4. Customer acceptance policy

While you may wish to protect your identity and transactions and may shy at the notion of being required to fill out quite a lot of personal information, this Coinbase review has found that such regulations not only curb crime, mainly by preventing money laundering but also protect you as a customer in the long term. This sort of compliance means that your purchases are secure and guaranteed by Coinbase, which is a rarity in the relatively unsafe virtual currency market.

Because of this Coinbase will monitor how you spend their coins and have the power to shut down your account if you do any of the following:

  • Adult service transactions
  • Purchase or sale of illegal imports via darknet markets
  • Gambling with bitcoin, including gambling that is considered to be skill-based
  • Resale of coins on other exchanges, especially those that do not follow KYC or AML regulations

It should be noted that some accounts have been shut down or frozen for various arbitrary reasons, but that is not the norm. If your account is suspended or shutdown, while it may be an inconvenience, take heart in the fact that your money is guaranteed to be returned to you. The safety and security of their website and their customer base as a whole are more important to them than potentially upsetting a customer. A word of advice, do not do shady things with your digital currency and you should be fine.

Getting started

As mentioned previously in this Coinbase review, the service operates in a variety of countries. Because of this, the payment methods available might be different depending on where you are living. That said, the following is generally applicable to the majority of users and the platform is especially useful for American digital investors.

Coinbase provides its brokerage services to the following countries: the United States, Canada, the United Kingdom and Singapore. It also supports the following EU countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland.

Customers may acquire or unload Bitcoin, Ethereum, or Litecoin in a variety of ways including a SEPA transfer, Interac Online, a connected bank account, A Paypal account (for sellers), EFT payments, SWIFT transfer, ACH transfer and via major credit cards. While the company has plans to add more cryptocurrencies to their digital marketplace, for now if you wish to purchase alternative coins, you will have to utilize a different platform.

This chart below provides information on payment methods available to Coinbase users, as well as the fees, transfer times, and countries availability.

#Payment MethodCountriesFunds AvailableCurrencyFees
1Bank TransferUSA5-7 business days**USD1.49%
2Credit / Debit CardUSAOccurs instantlyEUR3.99%
3Credit / Debit CardCanadaOccurs instantlyCAD3.99%
4SEPA TransferEurope1-3 Business DaysEUR1.49%
5Credit / Debit CardEuropeOccurs instantlyEUR3.99%
6Credit / Debit CardUKOccurs instantlyGBP3.99%
7Xfers TransferSingaporeOccurs instantlySGD1.49%
8Credit / Debit CardAustraliaOccurs instantlyAUD3.99%

How to purchase coins
As you can see, in this Coinbase review of fees, the charges are quite low, especially when compared to other digital exchanges such as Coinmama or CEX. It should also be noted that depositing currencies into your account is free. Following that, Coinbase will charge a 1.49% per purchase fee.

Getting started with Coinbase is quite easy. The operating system is very beginner friendly and proves to be an intuitive process.

Coinbase lets you buy bitcoins instantly with a credit card or debit card. Here are step-by-step instructions to help make the buying process easier for you:

  • Step 1 – create an account – this includes your personal details and login information, after creating your account you will need to upload an identification scan.
  • Step 2 – go to account settings – After logging in, navigate to the right corner of the page, click on your account name and a drop-down menu will appear. Click “settings,” then “payment methods.”
  • Step 3 – add payment method – Once you have reached the payment methods screen, select an option, including adding your Paypal account or a credit/debit card.
  • Step 4 – enter your information – Odds are you have done this a thousand times. Enter the name on your card, the card number, the expiration date, the CV, and the Zip code.
  • Step 5 – await confirmation – If your card or payment method has been successfully added you will receive a confirmation reply.
  • Step 6 – purchase coins – At this stage, you can visit the buy page, enter the amount of a coin you wish to purchase and then click “buy bitcoin instantly.” Upon completing this task, your coins will be delivered to your digital wallet.

 Controversies and Questions about Coinbase

Since we are still in the relative infancy of digital crypto exchange, there are understandably kinks, drawbacks, and controversies surrounding just about any platform you chose. Coinbase is considered ancient in the crypto world, and it is only five years old, so as time moves on, and the market and technology further develop, these platforms will continue to improve and work out issues. Now, we will review coinbases’ consumer complaints or controversies as revealed by a perusal through the various crypto subreddits or alternate internet crypto forums.

  1. Customer Service/Support – A handful of ex Coinbase users have lamented the lack of user support provided by Coinbase. At times, Coinbase did not respond to complaints for up to three weeks. Others complained that they were not as helpful as they would have liked. That said, as mentioned above, Coinbase is a relatively young company with a massive user base, so there will inevitably be some issues from a statistical standpoint. While the vast majority of users encounter no problems, some have been left jaded by the experience. Coinbase claims that their average response time to an issue falls within a 48-hour period. Review Coinbase’ FAQ section page and the support forum to see how other users dealt with any issues.
  2. GDAX bugs and outages – Some users expressed frustration over GDAX bugs. Coinbase has only been operating on the GDAX for two years, so the system is once again relatively novel.
  3. Frozen account –The most vocal complaint levied against Coinbase is when some users receive the digital equivalent of the “black spot,” the feared “account freeze notice.” If received, Coinbase temporarily suspends your account until the matter is resolved. As mentioned above, much of this is due to their integration with traditional banking laws and following of AML and KYC regulations. A select few users complained that their account was frozen erroneously and were understandably upset. Like it or not, Coinbase takes pride in its legislative compliance and its reputation, so, some users will inevitably be swept up in the efforts to prevent digital crime or money laundering. Coinbase says that they are continuously working to improve their accuracy as well as their communication with the customer
  4. Lack of privacy – For those who wish to remain anonymous and their digital actions and exchanges to be unmonitored, Coinbase is not for you. By following KYC and AML regulations, you trade your anonymity for security and insurance that your money is safe and that Coinbase is not providing a haven for criminal enterprises or activities. While Coinbase understands individuals desire for privacy, they believe this monitoring to be better not, just for their user base, but for the world as a whole. You have to respect the fact that they are willing to lose potential customers by refusing to turn a blind eye and simply allowing their website to operate as a trade route for illicit activates; activities which could lead to the degradation of society.
  5. Ties to the Banking Establishment – Coinbase makes no secret that it has forged bonds and close ties to traditional banking institutions. They have received more than $100,000,000 in investment and capital funding, which should illustrate that it is backed by trusted investors who believe in Coinbase and its methods. Purists within the bitcoin community will decry these banking ties, saying this defeats the purpose of bitcoins and altcoins since they were created to be a decentralized currency.

Coinbase Review Conclusions

In summary, Coinbase is a great entry point, especially for novice Americans coin investors, looking to break into the market. Initial plunges into Bitcoin, Ethereum, and Litecoin, should provide a solid crypto investment introduction and Coinbase’ interface is easy to pick up. While there are admittedly some complaints about Coinbase, including their customer support and frozen accounts, overall, the pros outweigh the cons. Coinbase has developed a sterling relationship within the banking community and is backed by multiple investors with millions of dollars; it is heavily regulated, which provides you security and insurance from breaches or hacks; its fees are reasonable, especially when compared to alternate exchanges. As of now, Coinbase is one of the best USD to Bitcoin marketplaces available.

Cindicator – Everything You Need To Know

In any speculative market there will always be experts who claim they know how the market will eventually go; men who go from no names to billionaires thanks to their predictions. In recent years, the trend has been to hire MIT graduates in order to help use analytics to predict the market. Now, there is a cryptocurrency platform that plans to change the fiat asset and crypto markets by decentralizing the whole market prediction business; that coin is Cindicator.

The name Cindicator is a mashup of two words: crowd indicator. The concept underlying this is the idea of the “wisdom of the crowd,” a reference to how collective wisdom shapes businesses, economies, societies, and nations. The basic premise is that a group of people is more likely to have the right answer than a single individual through sheer statistical probability. Therefore, crowd indicator, Cindicator, is an indicator of the collective intelligence within a crowd. While mob rule or true democracy is generally not the most efficient system, the crowd in this sense is not as chaotic or impulsive as the general masses, much in part to the fact that the Cindicator crowd is comprised of financial analysts and forecasters from all over the world. Their conclusions, therefore, represent more of a broad-based consensus than anything.

Founded in 2015, by Mike Brusov (Co-Founder and CEO), Yuri Lobyntsev (Co-Founder and CTO), and Artem Baranov (Co-Founder and COO), Cindicator is a trading platform that delivers market predictions through a combination of AI trading robots and forecasts by a diverse pool of market analysts. The stated goal of the company was to create algorithms and trading robots, which can be utilized by investors and hedge managers. A fintech company, Cindicator provides a combination of technological and social infrastructure that is required for proper investment decision-making, whether in traditional financial markets or crypto markets, especially in the more uncertain and volatile markets. According to Mike Brusov, “Cindicator’s ultimate goal is to set up a decentralized intellectual technology that effectively implements the potential of Hybrid Intelligence for the benefit of all participants of the ecosystem. In the future, the technology strives to be fully automated; the only resource necessary for it to function will be the mental investment of sorts by the analysts.”

In order to pursue this goal, in August, Cindicator raised $500,000 in seed funding. They followed up this initial round of funding with their ICO’d the following month. The total supply of Cindicator coins 2,000,000,000 and the ICO pumped 1,445,000,000 into circulation. The Cindicator coin’s initial value was 1¢, and it saw some serious price action, breaking into the top 100 coins and rising as high as high as 30¢ in January. The coin’s value currently rests at 10¢ per Cindicator coin with a total market cap of $141.5 million. Although they are based in New York, they are unable to sell tokens to citizens or permanent residents of the U.S. and China. This includes Puerto Rico, the U.S. Virgin Islands and any other lands owned by China or the United States.

How Cindicator Works

Cindicator is first and foremost a mobile app that depends on its users. Within the app, Cindicator creates a field of questions for users to answer. Investors and forecasters make daily predictions answer a series of specific questions regarding macroeconomic indexes, price levels of financial assets, future ICO’s and potential market influencing events. Post-deadline, “the artificial intelligence system synthesizes accurate forecasts using machine learning algorithms based on the accumulated statistics predicted by forecasters. Machine learning models dynamically calculate various weights for each forecaster, identify stable systematics in their errors and calculate corrections for the errors, eliminate noise, and generate final predictions and trading signals.”

Users who make correct predictions are rewarded with CND points. The top forecasters each month receive a Bitcoin as a reward. These CND points and potential for BTC incentivize more analysts to join in the conversation and encourages them to aim for accuracy.

The Cindicator Coin

The Cindicator Coin (CND) is more precisely a Cindicator token. Generally all cryptos are referred to as coins, although they might not satisfy the strict definitions of what a crypto coin is. In this case, a token denotes an asset or utility that is a part of an already existent blockchain. They represent an asset that is both fungible and tradable from coins to commodities. In this case, Cindicator tokens are distributed along the Ethereum blockchain in accordance to an ERC-20 smart contract. These tokens are created and released to the public through that 2015 ICO initial coin offering. This public offering of Cindicator coins creates an internal economy within the Cindicator ecosystem between forecasters, traders, investors, analysts and the Cindicator team. It is not a proof-of-work blockchain like Bitcoin, so there is no mining that will produce additional tokens.

Which products can I access as a Token holder?

By purchasing CND tokens, investors get special access to Cindicator’s Hybrid Intelligence infrastructure, which is continuously updated and improved. Your access is dependent upon the total of CND tokens in your possession, ranging from beginner to expert level of access.

Levels of Access

The Cindicator Bot indicators you will receive information is dependent upon which level of access you purchase. It should be noted that Cryptometer Bot is only currently available for expert tier members. If you wish to see what comes with each one, check Cindicator’s website here:

  • Beginner – 5k CND
  • Explorer – 30k CND
  • Trader – 200k CND
  • Expert – 700k CND

Cindicator Bot

According to Cindicator, “If we were asked to describe the product in one sentence, we would say: Cindicator combines the data from our analysts’ forecasts, processes it through several layers of ML algorithms, and delivers notifications with indicators via Telegram bot.” As of today, Cindicator utilizes nine different indicators in order to aid their prediction’s accuracy.

The Indicators


  1. Community Choice Indicators – On a weekly basis, the community votes for one of the crypto assets from our list. The following week, forecasters are asked about the winning asset and send the corresponding indicator back.
  2. Market Events Probability Indicator – for crypto financial market which are not included in other categories (politics, market capitalization, exchanges listing).
  3. Weekly Support and Resistance Levels – for crypto financial market (BTC, ETH, XRP).
  4. ICO Ranking – a ranking system of new or hot ICOs.
  5. Price Level Indicators –for crypto assets (BTC, ETH and most other liquid coins and tokens): whether the price reaches the certain level due by a certain date or not.

Traditional Fiat

  1. Market Event Probability Indicators – for traditional financial markets, which are not included in other categories (politics: elections, exits; macroeconomics: ADP Employment, Nonfarm payrolls, and Unemployment rate).
  2. Binary EPS Indicators – Whether a company beats Wall Street earnings estimates
  3. Weekly support and resistance levels – for traditional financial markets (E-mini Futures, Crude Oil Futures).
  4. Price level indicators – for traditional markets assets (most popular fiat currencies, futures, and stocks): whether the price reaches the certain level due by a certain date or not

Cryptometer Bot

The Cryptometer Bot 2.0 was created to measure prices throughout multiple exchanges and to use this information to predict and detect early signs of volatility within the cryptocurrency market. By providing you with real-time price movements on selected crypto assets, traders find arbitrage opportunities each and every day.

Why does Cindicator Coin matter?

  • A working product – The vast majority of cryptos on the market have yet to be market tested and have gained their status due to the hype, which is why some worry about a crypto bubble. Cinddicator is one of the few coins on the market that have a working product, thus giving it inherent value and more stable trading floor.
  • Efficient market hypothesis theory predictions – Smart, active investors or forecasters function off EFM theory. That theory states that it is impossible for investors to “beat the market” because stock market efficiencycauses existing share prices to always incorporate and reflect all relevant information. By utilizing this theory, Cindicator gathers information from as vast a pool as possible without manipulation. Because of this, Cindicator’s predictions are regularly accurate since they are founded upon market information at all hours. This accuracy of information grants a hint of certainty and prevents you from missteps due to bad information or analysis.
  • Elimination of market manipulation – There are a variety of predictive tools available to the public. However, they are controlled by a relatively limited group of individuals and are thus more open to market manipulation. With Cindicator’s crowdsourcing, this market forecasting is done in a decentralized way, free from the never-ending manipulation that occurs in financial markets.

How does the algorithm filter good and bad information?

According to Cindicator, people contain two different types of information at any given time; first, useful signal, second unique chaotic noise. Cindicator seeks to cut through the chaotic noise by aggregating opinion from a wide range of candidates, each with unique skillsets, experience, and backgrounds. “After we combine lots of such different suggestions, we have useful signal amplification, and noises mutually cancel each other as they are unique and random. When people don’t discuss the problem before making a suggestion they are unlikely to include alien biases into suggestions and keep the uniqueness of their subjectivity – their personal noise, so the sum of noises will go to zero, and the signal becomes accurate.”

The Team’s Current Goals

Because of the success of Cindicator’s roadmap in the four months since ICO, an additional 9,500 analysts have joined the Cindicator platform. Supplementing the ranks in excess of 30,000 members. With a 40% increase in forecasts made and a 10% increase in forecasts per user. As the community continues to grow, so too does the algorithm and the crowdsourcing capabilities.

The Cindicator teams plan for the foreseeable future is two-fold: first, increase the crypto communities awareness of the Cindicator platform, thus increasing the total number of professional financial market participants; second, exponential crowdsourcing user base growth, especially amongst foreign countries.

Steps to improve their platform include:

  • Monthly updates to the platform, introducing an array of new features, taking user feedback and improving platform interaction quality, as well as, the functions stability.
  • Adding and training analysts by creating an internal program meant to augment forecasting skills and build market knowledge.
  • Partnering with other organizations and institutional reps.
  • Creating a non-financial incentive system for analysts in addition to the financial incentive system currently in place. Upgrading this system will, in turn, improve the quality of market analysis.
  • Launching the Hybrid Intelligence portfolio, which will create a dynamic prize fund.

Getting started

To begin, you must create a Cindicator account. This can be done organically by manually filling out all the required info, or you can do so via Facebook or Twitter logins. To participate in the Cindicator coin economy, you will need to use Ethereum. If you do not currently have Ethereum, then you must first set up an Ethereum wallet that is compatible with ERC20 tokens. Once the wallet is set up, you can purchase Ethereum through a coin exchange such as Coinbase or Coinmama. Note* Upon buying, do not send Ethereum directly from that cryptocurrency exchange, rather, store it in your Ethereum compatible wallet.

Cindicator affords clients an exciting crypto investment with a token that already has a functional product backing it. Their strategy to decentralize the economic forecast market is an exciting and promising idea for investors and analysts alike. Many market experts anticipate rapid growth on the Cindicator front, which in turn will improve the product and increase the value of the Cindicator coin. If you are looking for an exciting time to jump in on a hot new coin, now’s the time.

The Best Cryptocurrency Exchanges Reviewed

Imagine this scenario. You are an investor walking into your money manager, Dan’s, office. You sit down, exchange pleasantries, and then, get to the heart of the matter, “Dan,” you say, “I want to transfer every single dollar I’ve got and I want you to put it all into Tesla stock. I have a really good feeling about what Elon Musk is doing with the company.”

“All your stocks?” He asks, floored.


“Not just the stocks, everything; the house, the car, the savings, the 401k.”


“Your kid’s college funds?”


“Yup, even those. Didn’t you see, he landed his Space-X rocket recently.”


“You can’t be serious.”


“Of course I am! The man’s a genius and my money will be in good hands”

Now, discounting the dishonest brokers who would likely jump at the chance of a huge commission, what do you think any broker worth their salt would say? If they were honest, they would call you an idiot. If they were less honest, they would caution you to reconsider, to not be so rash. Likely there would be some mention of ‘putting all your eggs into one basket.’

Experienced investors know that the key to a healthy, growing, long-term portfolio is diversification. Neither you, nor any expert, can possibly foresee all possible marketplace trends, so it behooves you to protect yourself and spread out your wealth as a form of potential loss mitigation. This is true, not only for stocks portfolios, but for wealth in general. It is wise, if possible, to have holdings in precious metals, property, cash, goods, etc; the most recent addition to this list of common investment assets is cryptocurrencies.

As digital currencies have not simply emerged, but practically exploded into the financial mainstream, hundreds of thousands of people are now frantically entering into the cryptocurrency market. As more and more cryptocurrencies hit the virtual marketplace, crypto investors naturally desired a way to diversify a portfolio, or to quickly move investment in one coin to another token. In order to answer this need, a whole host of Cryptocurrency exchanges have popped up offering a wide array of services. Just like with the stock exchange, these exchanges serve as marketplaces for the facilitation of buying, selling, trading all types of coins for alternate coins or fiat currencies. Below we will discuss several of the crypto exchanges and weigh their pros and cons.

Obtaining Coins

Cryptos can be seen a digital cryptographically secured version of gold, silver, platinum or any other type of rare precious metal. Like them, cryptocurrencies can only be obtained in one of two ways: either you mined it, or you purchased it off someone who had mined it at some point in time. Since it is extremely difficult to set up an actual digital mining operation, your best bet for entering the coin market would be by fiat exchange.

Three Types of Exchanges

  1. Traditional Cryptocurrency Trading Platforms: Such websites connect the seller to the buyer and act as the middleman in the exchange. Like the stock market, buyers and sellers trade based on current market price for cryptos. During these exchanges, the trading platform takes a fee or a cut from each transaction. Some platforms may give the option to convert directly to fiat currency and vice versa based on market price.
  2. Direct Trading Exchanges: These platforms host direct peer-to-peer trading between buyers and sellers. In these exchanges traders do not use a fixed market price, but rather, set their own buy or sell prices. While they eliminate the middleman, they do significantly increase the chances for fraud.
  3. Cryptocurrency Brokers: Similar to foreign exchange dealers, these exchange brokerage sites are open to the public and easy to use. The broker sets the price and anyone can visit and buy cryptocurrencies at that price. These can be convenient services, but generally come with higher fees and a larger variance in buy and sell rates.

Know what to look for in an exchange 

It should be no surprise that there are a variety of services all claiming that they are the best service for you. Now, obviously that cannot be true for all of them. Each company has its own pros and cons. Therefore, it is vital you do your research before you commence trading. Below are some important things to consider before making that initial trade:

  • Reputation – The optimal means to discover the ins and outs of an exchange is to read reviews from individual users as well as industry websites or industry experts. Internet forums like BitcoinTalk, or Reddit’s subreddits such as r/cryptocurrency, r/CryptoMarkets, or r/Bitcoin are fantastic means by which you can discover information and advice from others who have used these exchanges. In these forums you can ask specific questions and get honest answers that you might not get from the exchange’s website.
  • Payment Methods – What payment systems are offered on the exchange? Do they take credit card and debit card? Paypal? A wire transfer? If there are limitations to payment options that might be a sever inconvenience. If you do use a credit card, that generally requires a form of identification verification, which leaves you more susceptible to fraud and higher fees. Also remember that if you wish to use a wire transfer that will take as long as the time needed for banks to process the transfer.
  • Customer Support – Bad customer support can make or break a relationship with a company. It is important, especially in affairs where large amounts of money may be at stake, that you have the ability to communicate with someone at the company for any concern you might have. Occasionally, you might face issues like a failed deposit or withdrawal and you need to get someone on the line right away. When researching a company’s reputation, this should be very high up on the list.
  • Fees – The vast majority of exchanges have their specific fees on their website. Prior to signing up, be sure to research the fees for deposits, transactions, and withdrawals. In regards to trading fees, a good rule of thumb is anything below .025% takers fee and .01% makers fee is a fantastic rate, anything above those numbers should raise eyebrows and cause you to reconsider.
  • Exchange Rates– Be sure to shop around and price out exchange rates. There can be a large variance, up to 10%, in exchange rates between sites, so if you shop around for rates, you can potentially save yourself a lot of money.
  • Liquidity – Make sure that the exchange you use has high liquidity, or how readily your coin can be converted into an alt coin or into fiat currency. In other words, when can your coin be bought or sold at the fair market price. Liquidity implies that there are no bells or whistles attached during the buying or selling, no discounts or premiums that would make it difficult to immediately sell the asset for what it is worth.
  • I.D. Verification – Most platforms that trade Bitcoin in either the U.S. or Europe necessitate ID verification for withdrawals and deposits, although there are some exchanges that allow for anonymity. The extra time consumed by this process is for your and other traders benefits; it protects you and the exchange from fraud, scams and money laundering activities.
  • Location Restrictions – Some specific user functions offered by exchanges are only accessible from certain countries. Make sure the exchange you want to join allows full access to all platform tools and functions in the country you currently live in.

Best Cryptocurrency Exchanges

Now that we have gone over the types of exchange and what to look for when shopping around for an exchange, we will examine several exchanges and weigh their pros and cons.


Try Coinbase

Although it is not really a marketplace, Coinbase is a fantastic entry point to exchange traditional currency for cryptocurrency. “Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and Litecoin. We’re based in San Francisco, California. Bitcoin is the world’s most widely used alternative currency with a total market cap of over $100 billion. The Bitcoin network is made up of thousands of computers run by individuals all over the world.”

Coinbase has quickly become on the of the most popular trading platforms in the world, much in part due to the confidence afforded it by being funded by dependable investors, and utilized by brokers and more than 8 million users in 32 separate countries. It is considered one of the easiest entryways for newcomers to acquire their first coins. They allow the purchase of Bitcoins, Etherium and Litecoin and transactions can be made via major credit cards, EFT payment, SWIFT/SEPA/ACH transfers and PayPal.

The Coinbase platform is intuitive and makes it easy to safely and securely buy, sell, trade, use, and store digital currency through their digital wallet. Transactions can be made via computer or through their Android or IOS app.

For the more experienced technical trader, Coinbase also provides users with access to their subsidiary GDAX (Global Digital Asset Exchange) and does not charge any fees to move funds between a Coinbase account and a GDAX account.


  • Sterling reputation – Coinbase is backed by trusted investors and used by millions.
  • Security – It has been heavily regulated and is a trusted exchange. They put an emphasis on protecting you and their other users. Your Bitcoins are also insurable, protecting you from any sort of security breach or hack.
  • Reasonable Fees – Compared to many exchanges, Coinbase has very sensible fees.
  • Ease of use – As mentioned, it is a great entry point into Cryptos and is very beginner friendly.


  • Customer Support – If you peruse any of the crypto subreddits you will likely see stories of users who had their accounts frozen by Coinbase. There have been mixed reviews regarding their customer support, so, while the vast majority of users have encountered no issues, some have been left jaded by the experience.
  • Limited countries supported – While 32 countries are supported, Coinbase does not operate with uniform services globally. India, for example is not covered.
  • Tracking – Coinbase does keep track of how you spend your coins. So, if you are using your money for illicit activities, your account is susceptible to being frozen. Realistically though, you should not be using your money for ill gains anyways, so don’t be an idiot.


Try Coinmama

Coinmama has been operating as a broker platform for years now, which makes it a veteran of the exchange markets. Many view it as a viable alternative to Coinbase. Using Coinmama, anyone can visit and buy BTC or Ehterium via credit card or cash. It is a great way of purchasing coins, especially if you are using local currency. It should be noted that the features of the site do not work everywhere globally in the same manner. That said, they do support more than 226 countries world wide.


  • Beginner Friendly –Easy to use and quickly purchase coins.
  • Good Reputation – They have a solid reputation for security and ease of use.
  • Fast– Transaction times are very fast, allowing you the ability to get going right away.


  • High Exchange Rates– The company charges a 5.5% transaction fee for each purchase. If buying with a credit card, there is an additional 5% fee assessed by Simplex, Coinmama’s credit card processor.
  • No bitcoin sell function – You are limited to purchasing coins via coinmama.
  • Customer Support – Reviews of customer support are relatively mixed.


Try Binance

Binance is a Hong Kong based exchange that was creaded in 2017. Although it is relatively new, it has quickly become one of the most popular and beloved exchanges on the market. Since it is registered outside of China, it is not subject to the cryptocurrency ban in the country. Binance is known for its very low transaction fee of .01%, much in part, due to the fact that the company was partially funded by their own ICO. Binance is unique in that it features an incubator intended to help other pre-ICO blockchain startups realize their objectives.

There is no fiat support, so you will need to buy Bitcoin, Ehterium, or Tether elsewhere and transfer that to your Binance account. From there, you have the option to buy or sell a multitude of altcoins. It provides user with a basic and advanced user interface. The basic view is fantastic for those getting started; the advanced view allows you to utilize additional features and toolsand the ability to analyze trends.


  • Fees – Binance has the lowest fees of any big exchange on the market at .01% with an additional 50% off for your first year of trading.
  • Basic and Advanced UI – Both UIs are fantastic and offer a variety of tools suitable to novices or long time investors.
  • High Liquidity – Transactions occur nearly instantaneously, withdrawals, deposits, buys and sells take place within 5 minutes, allowing you to move quickly.
  • IOS and Android App – The Binance app is a thing of beauty and works seamlessly, allowing you to trade anywhere at any time.
  • Bounty and reward programs for the community – Offer free giveaways and ability to earn rewards through participating in various competitions.
  • Support for alt coins – Nearly 100 cryptocurrencies are available to be purchased.


  • Uncertainty with China- It is unclear how the most recent regulatory decisions by China regarding cryptos will impact Binance.
  • Two factor identification – A Chinese phone number is required for two-factor authentication, but you can not trade if you are in China…
  • Data Collection – Binance collects and stores user data, IP addresses, etc.


Try Bittrex

*Note: Bittrex have not been accepting new users as of late, but we will update you when that changes

Bittrex is another U.S. based exchange, but is used all over the world. They place a large emphasis on supporting as many altcoins as possible (including those emerging ones). At the moment, they support nearly 200 coins, but have higher than usual fees because of that variety.

They offer 3 types of accounts:

  1. Unverified – daily allowance of 1BTC withdrawal, no know your customer verification required.
  2. Basic Account – daily allowance of 3 BTC withdrawal, must verify with know your customer.
  3. Advanced Account – Daily allowance of 100 BTC withdrawal, must verify with know your customer.


  • Altcoin Emphasis – Bittrex offers the largest assortment of coin exchanges in one place, which is great for traders who are looking for access to as many altcoins as are available.
  • Advanced Trading Charts – provides extensive information with a variety of features in order to help you, especially helpful for the experienced trader.
  • Security – KYC compliant, verification is constantly required and as a result, 0 breaches in more than 4 years of operation.


  • High Transaction Fees – Bittrex have way higher fees than its competitors. Currently, it is .25% on all trades.
  • Customer Support – User reports state that customer support was slow to respond to complaints or issues.


Try Changelly

Changelly is unique in that it is more similar to a brokerage type crypto exchange, in that, it is simple to sign up and use. It eschews Know Your Customer compliance and only requires an email in order for you to start trading in Cryptos. Changelly places an emphasis on ease of use, so the site and interface is extremely intuitive and beautifully designed.


  • Ease of Use – If you do not want all the bells and whistles or are a novice, Changelly is probably the easiest exchange to navigate and immediately start trading. 
  • Wallet to Wallet Exchanges – Changelly is unique from most exchanges in that crypto exchanges go directly from and go directly to your digital wallet, for which you have the key. This ensures extreme security and safety from breaches or hacks.


  • High Transaction Fees- Changelly requires .5% trading fees, which is exorbitantly higher than most other forms of exchange.
  • Limited Altcoin Availability – While they carry the major altcoins, if you are looking for a variety, Changelly is not for you.
  • Speed – Transactions do not occur instantaneously in real time, generally they take somewhere between ten and thirty minutes.


Try Cryptopia

Based in New Zealand, Cryptopia is a centralized exchange that focuses on cheap altcoins, in a way it is similar to a penny stock exchange. Cryptopia allows for a variety of means by which coins may be purchased, including fiat wire transfers (if you are a New Zelander).


  • Altcoin market- Cryptopia hosts more than 400 altcoins that are available for trading.


  • Speed – Deposits and withdrawals can take some time, some users complained that deposits took up to an hour.
  • Fees – Depending on the altcoin, some of the coins have extremely high withdrawal fees.
  • Charts – For having so much availability, their trading charts are awfully designed and not intuitive at all. Be sure to do thorough research outside of Cryptopia when making exchanges.

Try, is a relatively young exchange that was started in the U.S. The platform allows for the trading of more than 20 cryptos with very good fees. does not provide fiat currency purchases against digital coins, but only allows the trading of cryptos for altcoins.  The Digital coins on Gate.Io are paired with USDT (United States Dollar Tethers)which issues tethers, a pegged cryptocurrency that is directly tied to that of U.S. dollar with the goal of keeping the price ratio at 1:1.

Its support is limited to blockchain transfers in the cryptos that are being traded, so it may not be ideal for all investors. There are no minimum depostits and a resonable .2% fee is tacked onto all trades. Deposits free, withdrawals, however are charged with fees that vary by coin.


  • Competitive Fees – The fees are at a solid, respectable level in comparison to their competitors
  • Decent UI – the UI is seamless and intuitive, the mobile App supports both IOS and Android
  • More than 20 coins available including: Bitcoin, Ethereum, Ripple, Qtum, OmiseGo, Zcash, Doge, LiteCoin, Dash, EOS Bat, etc.


  • No Fiat – Lack of fiat transfers means you need to first obtain coins by other means.
  • Unregulated – although the website is based in Virginia, it is not overseen by local financial watchdogs, nor does it hold a NY BitLicense.
  • New Company – Since it is new, there are still errors and bugs that need to be worked out. *Note: Some reviews claim that it is a scam.