Best Crypto Bitcoin Exchanges for Beginners in United States, Canada, Europe, Asia and Africa
Last updated: 08/28/2019
New technologies are often time challenging for newbies or beginners. If you find yourself asking ‘how in the heck I buy bitcoin’, you’re not the only one. The technology is still in its infancy. Although a lot of efforts have been made and continued to be made to make the process of buying Bitcoin and other cryptocurrency coins painless, challenges remain.
If you are a new arrival to the cryptocurrency space, it’s imperative that you use the best crypto bitcoin exchanges or platforms that is/are user friendly, intuitive, easy to navigate, and provide educational materials in the forms of video tutorials. The cryptocurrency/Bitcoin exchanges that are focused on attracting beginners below are highly recommended.
Best Bitcoin / Cryptocurrency Exchanges in the United States – Reviews & Comparisons
Where and what would crypto be without the most powerful and riches country in the world where money is presumed to have grown in trees? Most of the Bitcoin wales and high level traders reside in the US of A.
As a result, some of the most popularly used cryptocurrency exchanges have their domiciles here; even though the country is slow with adaptation comparing to other rich countries. Below is a list of the best crypto bitcoin exchanges for beginners and experienced traders.
1. Gemini (RECOMMENDED)
Gemini is the best and my favorite exchange of all. I’ve been using the popular cryptocurrency exchange since its launch in October 25, 2015. Co-founded by serial entrepreneur and found of Winklevoss Capital Management Cameron Winklevoss Gemini has been making waves; quickly become one of the world’s most trusted cryptocurrency exchanges to buy, trade, trade bitcoins and a long list of altcoins.
Gemini is so confident of the platform, they will give new users $10 to start upon signing up! If you’re familiar with the Winklevoss twins you know this is a long term venture. The pair invested $11 million in Bitcoin in April 2013 and quickly made the list of the world’s newest bitcoin billionaires.
Since they’re United States citizens and the exchange based in New York, it is regulated by the Exchange Commission (SEC) under U.S. securities laws; the same organization that regulates World Street. Gemini is also the first licensed crypto exchange (NYC).
Pros of using Gemini
- Highly secure
- Regulated by Exchange Commission (SEC)
- Licensed in New York
- Deposits insure by Federal Deposit Insurance Corporation
- High-end and professional
- Excellent customer service
- User friendly with a well-designed user interface
- Easy to purchase Gemini Bitcoin and Gemini Ethereum
Cons of using Gemini
- Requires a lot of KYC info to register
- Funding methods is limited
- Limited number of coins
BTC, ETH, ETH, ZEC, ZEC, BCH, LTC
Crypto, Bank Transfer (U.S only), international wire (will be converted to US dollars (USD)
All U.S. states except Hawaii. Also operated in Australia, Canada, Hong Kong, Singapore, South Korea, United Kingdom.
2. Coinbase – (Most Popular)
Headquartered in San Francisco, California, Coinbase is one of the most popular Bitcoin / Cryptocurrency exchanges around the world. It’s particularly popular with beginners because of how easy it is to buy Bitcoin and other crypto on there. Coinbase has gained a worldwide reputation as the easiest Bitcoin exchange, and they are deserving of that title.
Pros of using Coinbase
- It’s simple user Interface (UI) makes it easy to use
- Supports the top cryptocurrencies
- Extremely secure
- Faster supports than other crypto exchanges
Cons of using Coinbase
- Fees to buy and sell are very high comparing to other crypto exchanges
- Available only in a few countries
Coinbase Payment Methods
Once account is created and verified, users can buy Bitcoins from Coinbase using the following payment methods:
Credit/check cards, checking account, PayPal, wire transfer, and SEPA transfer. Transfers typically takes between 2-5 days, depending on your bank.
Coinbase accepts USD, EUR, and GBP from 40+ countries although it’s a US based company. To verify your account, you must submit a picture ID or passport. Don’t be alarm. In order to remain compliant with US and international laws, most cryptocurrency exchanges have to verify users’ identity.
While other crypto exchanges identity verifications can take several days to weeks, Coinbase identity verification system is automated and instant; provided the system can easily read your ID or passport. We recommend you take good pictures of your identification documents.
Coinbase supports the following digital currencies, also known as cryptocurrencies:
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), EOS, Basic Attention Token (BAT), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum Classic (ETC), Stellar (XLM), Ripple (XRP), ZCash (ZEC), 0x (ZRX)
Bittrex is one of the pioneer cryptocurrency exchange in the space. Based in Seattle, Washington, the company was founded in 2013 by Bill Shihara with two other business partners.
Pros of using Bittrex
- Secure platform (no hacks reported at this point)
- Fast deposits and withdrawals
- Low trading fees (0.25%)
- Cold storage (coins are moved of exchange for extra security)
- Fiat funding (US dollars
Cons of using Bittrex
- Only supports USD fiat
- No margin trading and lending
- Slow customer support
- Long transaction wait time
Users can trade up to 250 crypto coins on Bittrex. Some of the popular ones include: Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Ethereum Classic, Stellar, NEO, Monero, and ZCash
The following payment mothods are available: Cryptocurrency or USD, EUR, JPY
180+ countries are allowed to trade on the platform in Americas, Europe, Africa, Asia, and Australia.
How to Setup Bittrex Account
Founded in 2014 by Tristan D’Agosta, Poloniex is one of the few crypto exchanges to be registered and recognized by Financial Crimes Enforcement Network (FinCEN). Their headquarters is located in Delaware in the United States. The exchange is highly regulated; therefore safe to use.
Pros of using Poloniex
- Extended list of cryptocurrencies available to trade
- Good customer support
- S. Company (must be high on security)
- Easy to use for both beginners and advanced traders
- No extra fees (only blockchain fees for deposits and withdraws)
- Margin trading supported
- No verification for medium/low volume traders
Cons of using Poloniex
- Limited payment methods
- Major hack in 2014 (12.3% of Bitcoin stolen)
- Poor Customer support
Poloniex supports 80+ crypto pairs. With the most popular ones: Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Ethereum Classic, Stellar, NEO, Monero, and ZCash etc.
In addition to cryptocurrencies, Poloniex recently allowed deposits via fiat, credit/check card and bank account.
Poloniex supports over 200 countries. They have recently blocked a few countries from trading, but most likely they’re in yours. The restricted territories are: China, Germany, Pakistan, the U.S. states of New Hampshire, New York or Washington, Vietnam.
How to Setup Poloniex Account
Like Coinbase, Kraken is headquartered in San Francisco, California. Created in 2011 by Jesse Powell, Kraken is one of the oldest and most popular crypto exchanges that is based in the USA. The platform supports many of the widely used fiats and charges some of the lowest transaction fees in the crypto exchange space.
Pros of using Kraken
- Anonymous accounts (no photo ID required)
- No deposit limit (no minimum & maximum amount)
- Reasonable trading fees
- Highly secure (no hacks reported)
- Handles large amount of users
- Beginner friendly
- Wide variety of crypto coins & fiat currencies
- Worldwide access
- Top 5 in the world
Cons of using Kraken
- Customer support system lacking (majority are currently)
- Private keys hosted on accounts
- Hard to close account
- Slow connection
- Slow account verification
- Withdrawal and deposit fees are high ($15 via Swift)
Supports the popular cryptos and more: XBT, ETH, XMR, DASH, LTC, XRP, XLM, ETC, REP, ICN, MLN, ZEC, XDG, USDT, GNO
USD, EUR, GBP, CAD, JPY (wire transfer, SWIFT, SEPA), BTC + supported cryptocurrencies
Users can use Kraken to trade worldwide
How to setup Kraken Account
Best Bitcoin / Cryptocurrency Exchanges in Canada – Reviews & Comparisons
Although Canada North of the border from the United States and most of its security depends on the US, Canada has its own culture, heritage, landmarks, official language (French), and of course its own unique cryptocurrency exchanges. Below are the top crypto exchange platforms to use if reside in home of the famous Maple syrup.
Bitbuy is clearly Canadian’s #1 exchange choice to buy bitcoin and 4 atlcoins. Founded in 2013 as InstaBT, it’s been dubbed the safest, easiest and quickest way to buy bitcoin in Canada. Bitbuy does follow strict Canadian KYC regulations. The verification system is automated, but you need to dish out some personal information before you’re approved to trade bitcoin.
Bitbuy is suited for both beginners and experienced traders. The exchange also has some good educational content on the platform where beginners can learn how to trade bitcoin in Canada. The company offers a ‘Pro Trade’ account for more advanced traders and also provide OTC desk for buyers looking to purchase large amount of bitcoins. They market themselves a Canada’s alternative exchange to Coinbase.
Pros of using Bitbuy
- Ease of use
- Excellent & fast customer service
- Low trading fees
- Spot prices is one of the best
- Consistently upgrading the platform features
- Strong relationship with the banks
Cons of using Bitbuy
- System is basic with limited advanced trading features
- Margin trading not yet available
- Can only trade 5 coins
- Canada traders only
Bitbuy supports bitcoin (BTC) and 4 altcoins: Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP)
The exchange supports the following currencies: crypto, CAD, Wire Transfer, Interac e-Transfer, and Express Interac e-Transfer
Only available in Canada
Coinsquare come to a close #2 on our list best Canadian cryptocurrency exchanges to buy, sell and trade bitcoin, litecoin, ethereum, bitcoin cash and ripple (xrp). The company did a massive upgrade of the system in 2017 as crypto were surging. The exchange was officially introduced to the Canadian public in the spring of 2018.
The exchange has a great mobile application (app), in addition to its excellent web interface. They have a wealth program for wealthy or high net worth individuals that provide concierge services and low transaction fees. Coinsquare has also established relationship with many popular Canadian banks.
Pros of using Coinsquare
- Very popular brand in Canada
- Relationship with many Canadian based banks
- High liquidity
- Multiple order options & types
- Wealth program for high net worth investors
Cons of using Coinsquare
- Spot trading prices higher than average
- Trading, deposit, withdraw fees higher than average
- Long delay to withdraw coins
- No margin trading
Accounts can be funded with crypto, wire transfer, e-transfer, CAD, bank account
MyBTC is a very robust trading platform with a very simplified user interface. The best feature of MyBTC is the ability for buyers to buy bitcoin from the exchange and send directly to an external wallet without having to go through the withdrawal process.
Users wish to use the exchange must go to Know your Customer (KYC) but it’s lightning quick. Account will be verified and ready to trade within 1 hour if required verification submitted accurately. If you’re not keen on submitting your personal info online, you can complete KYC verification at any of their 6,000+ Canada Post locations.
Pros of using MyBTC
- Small purchases is extremely easy
- Can fund account instantly
- Customer service is one of the best
- KYC process is easy and quick
Cons of using MyBTC
- Can only buy, no selling
- Only one coin (Bitcoin)
- Fees are higher than average
Users can only buy Bitcoin (BTC). No selling
Interac e-Transfer, Interac Online, Bank Wire, Flexepin vouchers & In-person payments
We have already reviewed Kraken. Please see review above. They’re the 4th best and largest crypto exchange to buy, sell and trade coins in Canada.
Pros of using NDAX
National Digital Asset Exchange was launched in May 2018. Its headquarter is located in Calgary, Alberta. The Canadian based crypto exchange is fairly new, but they’re hoping to become the most popular crypto exchanges in the Canada. The main issue with the exchange right now is not too many users, so liquidity is low.
- Advanced features
- Modern & intuitive design
- Unique Altcoin/CAD pairs
Cons of using NDAX
- Low liquidity & volume
- Customer service is lacking
- No margin trading
Bitcoin (BTC), Ethereum (ETH), Stella (XLM), Cardano (ADA), Bitcoin Cash (BCH), Litecoin (LTC), Dodgecoin (DODGE)
CAD and USD, but only can buy Bitcoin with USD.
Coinfield is the other new kid in the block. Founded in February 2018, Coinfield teamed up with Ripple so its users can trade XRP, in addition to bitcoin and a list of altcoins. Coinfield started as a Canadian based only exchange, but since opened up to international users in order to gain a competitive edge.
Coinfield is used mostly by professional crypto traders. They have a good reputation with that population and good ratings. They have a club for high volume, elite traders and OTC desk
Pros of using Coinfield
- Many coin trading pairs
- Very slick user interface
- Fees lower than average
- Targeting professional traders
- Elite traders’ club
- Institutional account
Cons of using Coinfield
- Margin trading not available
- No longer focus on the Canadian market
- Trading is complicated than average
Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), Stella (XLM), Bitcoin Cash (BCH), Bitcoin Gold (BTG), ZCash (ZEC), 0x (ZRX), Augur (REP), Golem (GNT), OMiseGo (OMG), Basic Attention Token (BAT), Zilliqa (ZIL), Loom Network (LOOM), DigiByte (DGB), Civic (CVC)
Crypto, wire transfer, credit cards
Canada and more than 100 other countries
Coinfield video tutorials
Best Bitcoin / Cryptocurrency Exchanges in Europe
Binance is the biggest crypto exchange in the world. It’s the most used with the highest overall trading volumes and the number of coins available to trade. Founder in Hong Kong by Changpeng Zhao (CZ) and Yi He, Binance is headquartered in Malta (I visited) – one of the most crypto-friendly country/islands in European Union.
What make Binance so good is the fact that it’s suitable for all users: beginners, advanced and extremely experienced traders. Binance also has its own coin (BNB) launched through an Initial Exchange Offering (IEO) in July 2017 as an ERC20 token based on the Ethereum blockchain. Their fees are on the lower end (0.1%) comparing to other exchanges and even lower if paying with BNB.
Pros of using Binance
- Low transaction fees (0.1% (0.05% if paid with BNB))
- Give away tokens via airdrops and giveaways regularly
- No minimum deposit
- Fast support (ticket system (fastest), telegram group, reddit channel, Twitter)
- Easy to use trading interface
- Beginner’s friendly
- Multi-Device Support
- Super fast transactions
Cons of using Binance
- Banned in China
- Limited market order
- No fiat, credit/check card and bank account payment
Popular coins such as Bitcoin, Litecoin, Etherum, Ripple and more than 80 altcoins
Payment types are: cryptocurrencies
Binance is available worldwide EXCEPT in Mainland China.
How to setup Binance Account
Based Rotterdam, Netherland, LiteBIT is only available to crypto traders in European countries. Users can trade 46 cryptocurrencies. The platform has strong 2 Factor Authentication (2FA) and offers wire transfer as payment methods. The exchange is founded by Kenny Rokven in 2013 and registered through Dutch Commercial Registery (No 63661438).
Pros of using LiteBIT
- LiteBit Credits
- SEPA bank transfer (Europe wide)
- MyBank deposits (worldwide)
- Highly secure (99% of crypto kept offline)
- Extremely fast registration (one minute or less)
- Easy to use interface
- Many options for payment (FIAT-money)
Cons of using LiteBIT
- Available only in EU countries
- No credit/credit card or bank account deposits
- Long verification period
- No cryptocurrency payment options
- High fees (compared to other EU exchanges)
Bitcoin and 50 Altcoins
Many options, including FIAT-money
All European countries
Founded by Nejc Kodrič and Damijan Merlak in 2011, Bitstamp is Europe largest crypto exchange based trading volumes. It most traded coins are Bitcoin, Ripple, Ethereum, and Litecoin. The exchange is regulated by Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Verified users can buy bitcoin with credit/debit cards, but fees are high at 0.5%.
Pros of using Bitstamp
- Easy to buy and Sell Bitcoin
- Trading platform is extremely advanced
- Bank deposits and wire transfers supported
- High liquidity
- Low fees
- Exchange is regulated
- Popular fiat currencies supported
Cons of using Bitstamp
- Customer support is weak
- Account verification / approval is long
- KYC questions invasive
Supported coins are: Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and Ripple (XRP).
EPA bank transfers, credit and debit cards
Bitstamp supports 50 countries with 28 in the European Union. The main countries are: Australia, Brazil, China, South Africa, South Korea and the United States of America.
How to setup Bitstamp Wallet
Best Bitcoin / Cryptocurrency Exchanges in Asia – Reviews & Comparisons
Asia overall dominates crypto, but not without controversies. Some of the most populated Asian countries have so far ban Bitcoin and cryptocurrency as a whole. With China leading the way, Vietnam recently follow suit. But don’t panic, we need late adopters…can’t live with or without them.
Without further ado, here’s a well researched list of cryptocurrency exchanges for beginners, advanced and experience traders to play with bitcoin/crypto in Asia where trading is currently welcome.
Best Bitcoin / Cryptocurrency Exchanges in Africa – Reviews & Comparisons
The cryptocurrency market may have been dominated by Asians, but the Africans are catching up. A number of cryptopreneurs are making waves in the largest continent in the world and they’re not just making little noise; they’re proving to be the elephant of the AfriCrypto. Below are 5 crypto exchanges traders in Africa can use to partake the revolutionary digital currency.
Which crypto exchange should you choose?
Choosing the right cryptocurrency exchange to buy and sell coins is not cut and dry. The list of platforms listed above are some of the best in the world and respective countries of operation (United States, Canada, Europe, Asia, Africa). Each come with unique features and there no one fits all. You should start with an exchange that’s beginner’s friendly, easy to use and navigate, then take it from there.