Top 25 Cryptocurrency Exchanges of 2017

top 25 cryptocurrency exchanges

Cryptocurrency exchanges have become an important onramp and offramp to the cryptocurrency world. From the infamous and now shuttered Mt. Gox to current industry leaders in volume such as Poloniex and Bittrex, cryptocurrency exchanges and altcoin exchanges are seeing increased use around the world. Every day, billions of dollars are traded back and forth over the top cryptocurrencies on these cryptocurrency exchanges. Traders, buyers, and sellers must trust these exchanges with their money, but are the exchanges really trustworthy? Unfortunately, not all cryptocurrency services are as secure or safe as you might think. In fact, some crypto exchanges have been known to be scams or vulnerable to hacking. This could lead to the loss of any cryptocurrency stored on there.

We take a look at the fees, history, and usability of the top cryptocurrency exchanges available in 2017. Whether you’re seeking to buy Bitcoin or other cryptocurrencies as an investment, to utilize margin trading, or anything else – Use this list of cryptocurrency exchanges to help choose an exchange for you.

1. Poloniex Cryptocurrency Exchange Summary:

poloniex cryptoName: Poloniex
URL: https://www.poloniex.com
Total trading pairs: 101
Founded: 2013
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.10% – 0.25%
Margin trading: yes
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Requirements

Limits

Level 1 Email, First & Last Name, Country $2,000, USD Margin Trading Enabled
Level 2 Complete Address, Phone Number, Date of Birth 7,000 USD
Level 3 SSN, Scan of Photo ID, Selfie holding your ID $25,000 USD
Enhanced Verification Contact Support Greater than $25,000 USD

2. Bittrex

Namebittrex crypto: Bittrex
URL: https://www.bittrex.com/
Total trading pairs: 271
Founded: 2014
Deposit fees: no
Withdrawal fees: yes
Trading fees: 0.25%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Basic 0.4 BTC
Enhanced 100 BTC

3. GDAX Exchange

gdax cryptoName: GDAX
URL: https://www.gdax.com/
Total trading pairs: 9
Founded: 2016
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.25%
Margin trading: yes
USA accepted: yes
Review: BlockExplorer’s GDAX Review
Verification levels and withdrawal limits:

Verification Level

Limits

Verified Algorithmic

Kraken Exchange

kraken crpytoName: Kraken
URL: https://www.kraken.com/
Total trading pairs: 59
Founded: 2011
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.36%
Margin trading: yes
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

 Individual w/o proof of source $25k USD daily
 Individual w/ proof of source $100k USD daily
 Corporate w/o proof of source $100k USD daily
 Corporate w/ proof of source $1m USD daily

5. Bitfinex Exchange

bitfinex cryptoName: Bitfinex
URL: https://www.bitfinex.com
Total trading pairs: 56
Founded: 2012
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.04% – 0.20%
Margin trading: yes
USA accepted: no
Verification levels and withdrawal limits:

Verification Level

Limits

Individual No limit
Corporate No limit

6. Bitstamp Exchange

bitstamp cryptoName: Bitstamp
URL: https://www.bitstamp.net
Total trading pairs: 11
Founded: 2011
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.05% – 0.25%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Verified No limit

7. WEX Exchange

wex cryptoName: Wex (formerly BTC-e)
URL: https://wex.nz
Total trading pairs: 26
Founded: 2017
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.20%
Margin trading: no
USA accepted: no
Verification levels and withdrawal limits:

Verification Level

Limits

Regular 10k USD
VIP 100k USD

8. Coinone Exchange

coinone cryptoName: Coinone
URL: https://coinone.co.kr
Total trading pairs: 7
Founded: 2015
Deposit fees: no
Withdrawal fees: yes
Trading fees: 0.00% – 0.15%
Margin trading: yes
USA accepted: no
Verification levels and withdrawal limits:

Verification Level

Requirements

Limits

Level 1 Email, Country 1,000 KRW
Level 2 Mobile phone authentication 500,000 KRW
Level 3 OTP registration 1,000,000 KRW
Level 4 Operation team review Greater than 100,000,000 KRW

9. Quione Exchange

quoine cryptoName: Quoine
URL: https://www.quoine.com
Total trading pairs: 23
Founded: 2014
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.25%
Margin trading: yes
USA accepted: no
Verification levels and withdrawal limits:

Verification Level

Limits

Indvidual Daily: 30-50k USD; Monthly: 300-500k USD
Corporate Daily: 100-150k USD; Monthly: 1-1.5m USD

10. bithumb Exchange

bithumb cryptoName: bithumb
URL: https://www.bithumb.com
Total trading pairs: 23
Founded: 2013
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.15%
Margin trading: yes
USA accepted: no
Verification levels and withdrawal limits:

Verification Level

Limits

Basic 3 BTC
Enhanced 100 BTC

11. HitBTC Exchange

hitbtc cryptoName: HitBTC
URL: https://www.hitbtc.com
Total trading pairs: 327
Founded: 2013
Deposit fees: yes
Withdrawal fees: yes
Trading fees: 0.10% – 0.20%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Verified No limit

12. Gemini Exchange

gemini cryptoName: Gemini
URL: https://www.gemini.com
Total trading pairs: 3
Founded: 2014
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.25%
Margin trading: no
USA accepted: yes
Verification levels and deposit/withdrawal limits:

Verification Level

Limits

Individual ACH Daily Deposit/Withdrawal: $500/$10,000; ACH Monthly Deposit/Withdrawal: $15,000/$100,000; Cryptocurrency: No Limit
Institutional ACH Daily Deposit/Withdrawal: $10,000/$10,000; ACH Monthly Deposit/Withdrawal: $300,000/$100,000; Cryptocurrency: No Limit

13. Korbit Exchange

korbit cryptoName: Korbit
URL: https://www.korbit.co.kr
Total trading pairs: 5
Founded: 2013
Deposit fees: no
Withdrawal fees: yes
Trading fees: 0.00% – 0.20%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Requirements

Limits

Level 1 Phone number KRW: 0; Cryptocurrency: 5,000,000 KRW
Level 2 SMS verification KRW: 0; Cryptocurrency: 5,000,000 KRW
Level 3 Address and Bank account registration KRW: 30,000,000 KRW; Cryptocurrency: 5,000,000 KRW
Level 4 Approval process 300,000,000 KRW
Level 5 Approval Process 500,000,000 KRW

14. bitFlyer Exchange

bitflyer cryptoName: bitFlyer
URL: https://www.bitflyer.jp
Total trading pairs: 3
Founded: 2014
Deposit fees: no
Withdrawal fees: yes
Trading fees: 0.11% – 0.25%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Requirements

Limits

Level 1 Email, First & Last Name, Cellphone verification 2,000 USD
Level 2 Bank account and photo ID verification 50,000 USD

15. Binance Exchange

binance cryptoName: Binance
URL: https://www.binance.com
Total trading pairs: 3
Founded: 2017
Deposit fees: no
Withdrawal fees: yes
Trading fees: 0.1%
Margin trading: no
USA accepted: yes
Verification levels and deposit/withdrawal limits:

Verification Level

Limits

Verified 2 BTC
Institutional 50 BTC

16. Vaultoro Exchange

vaultoro cryptoName: Vaultoro
URL: https://www.vaultoro.com
Total trading pairs: 1 (and it doesn’t involve USD)
Founded: 2014
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.20% – 0.50%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Verified No limit

17. LakeBTC Exchange

lakebtc cryptoName: LakeBTC
URL: https://www.lakebtc.com
Total trading pairs: 8
Founded: 2013
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.20%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Normal No limit

18. BitMarket Exchange

bitmarket cryptoName: BitMarket
URL: https://www.bitmarket.net
Total trading pairs: 5
Founded: 2014
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.45%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Unverified Yearly: 15,000 PLR/EUR
Verified No limit

19. CEX.io Exchange

cex cryptoName: CEX
URL: https://www.cex.io
Total trading pairs: 15
Founded: 2013
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.20%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Basic Daily: 500 USD; Monthly: 2,000 USD
Verified Daily: 50,000 USD; Monthly: 300,000 USD
Verified Plus Unlimited
Corporate Unlimited

20. QuadrigaCX Exchange

quadrigacx cryptoName: QuaudrigaCX
URL: https://www.quadrigacx.com
Total trading pairs: 6
Founded: 2013
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.20% – 0.50%
Margin trading: no
USA accepted: no
Verification levels and withdrawal limits:

Verification Level

Limits

Unverified Voucher only
Verified Bank wire: 500,000 USD; Cryptocurrency: 250,000 USD

21. Coinfloor Exchange

coinfloor cryptoName: Coinfloor
URL: https://www.coinfloor.co.uk
Total trading pairs: 4
Founded: 2013
Deposit fee: yes (not on BTC)
Withdrawal fees: yes
Trading fees: no
Margin trading: no
USA accepted: no
Verification levels and withdrawal limits:

Verification Level

Limits

Verified No limit

22. itBit Exchange

itbit cryptoName: itBit
URL: https://www.itbit.com
Total trading pairs: 3
Founded: 2012
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.00% – 0.20%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

2FA Verified Daily: 30,000 USD; Monthly: 600,000 USD

23. Liqui Exchange

liqui cryptoName: Liqui
URL: https://www.liqui.io
Total trading pairs: 196
Founded: 2016
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.10% – 0.25%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Basic 50,000 USDT
Enhanced 500,000 USDT

24. ACX Exchange

acx cryptoName: ACX
URL: https://www.acx.io
Total trading pairs: 6
Founded: 2016
Deposit fees: no
Withdrawal fees: yes
Trading fees: 0.00%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

25. Gatecoin Exchange

gatecoin cryptoName: Gatecoin
URL: https://www.gatecoin.com
Total trading pairs: 39
Founded: 2013
Deposit fees: no
Withdrawal fees: no
Trading fees: 0.02% – 0.35%
Margin trading: no
USA accepted: yes
Verification levels and withdrawal limits:

Verification Level

Limits

Tier 1 50,000 USD
Tier 2 Greater than 500,000 USD

 

Square Cash Trial ‘Confers Legitimacy on Bitcoin’: Credit Suisse

square cash

Financial services giant Credit Suisse says that bitcoin integration “confers legitimacy” on bitcoin and will prove to be a financial boom for payment processing startup Square.

Credit Suisse Bullish on Square’s Bitcoin Play

Credit Suisse is not known for being bullish on bitcoin. Tidjane Thiam, the firm’s CEO, has called bitcoin the very definition of the bubble, and the company has not shown an interest in directly engaging with the crypto markets. That said, Credit Suisse is very optimistic about Square’s recent decision to test bitcoin sales within its popular Square Cash app.

As reported by CNBC, Credit Suisse analyst Paul Condra predicts that Square will attract or convert 10 million users into bitcoin buyers within two years, leading to an incremental $30 million in annual revenue. This estimate is based on the assumption that users will spend $200 per year — leading to $2 billion in annual volume — and Square will charge a modest 1.5 percent transaction fee. In response to the announcement, Condra raised his price target for Square shares to $37 from $31.

Square Cash ‘Confers Legitimacy’ on Bitcoin

In a note to Credit Suisse clients, Condra went a step further, forecasting that bitcoin integration will “confe[r] legitimacy” on bitcoin and lead other mainstream businesses to feel comfortable adding support for digital currencies.

From the note:

“While we are positive on Square’s strategy, to the extent it confers legitimacy on Bitcoin and prompts adoption by other providers (i.e., PayPal) the biggest beneficiary may be the crypto-asset industry,” Condra reportedly wrote.

The bitcoin price has risen considerably since Square began its bitcoin trial, in part based on speculation that Square will eventually enable merchants to accept bitcoin through its payment processing platform. On Monday, the bitcoin price rose to a new all-time high, peaking at $8,315 on bitcoin exchange Bitfinex.

Not lucky enough to be able to participate in Square Cash’s bitcoin trial? You can buy bitcoin using a credit card through Block Explorer using USD or EUR.