Best 2016 Bitcoin Exchanges – Bitcoin exchange comparison & review

This page compares and reviews the best Bitcoin exchanges available today

  • compare exchanges

  • Is this exchange a trading platform, a broker or a marketplace.Exchange type
  • How respected is this exchange in the Bitcoin communityReputation
  • How does the exchange rate compare to other exchange rates availableExchange rate
  • How much fees does the exchange charge?Fees
  • What are the available payment methods to buy Bitcoins from this exchangePayment methods
  • Time to Bitcoin - How long does it take a new user to receive his coins. Calculated in this is deposit time, transaction time and withdrawal time.TTB
  • Does the exchange require to go through a verification processVerification needed ?
  • How many countries does the exchange support worldwideSupported countries
  • Overall rating
  • Coinbase

  • coinbase
  • Trade platform / Broker
  • yesyes
  • yes
  • 1% on every transactionyesyes
  • Wire, Credit
  • New users can receive their Bitcoins within the houryesyes
  • Yes
  • Click the link to view all countries supported25 countries
  • 95%
  • Read review
  • Circle

  • circle
  • Broker
  • yes
  • yes
  • 0% on wire. 2.9% on credit card deposityes
  • Wire, Credit
  • New users can receive their Bitcoins within the houryesyes
  • No
  • Click the link to view all countries supported30 countries
  • 90%
  • Read review
  • CoinMama

  • coinmama
  • Broker
  • yes
  • no
  • Credit card fees - 5% per deposit. WU and MoneyGram varies.yes
  • Credit/Debit, WU, MoneyGram
  • New users can receive their Bitcoins within hoursyesyes
  • Yes
  • Worldwide
  • 88%
  • Read review
  • Bitstamp

  • bitstamp
  • Trading Platform
  • yesyes
  • yesyes
  • Transaction fee varies between 0.1%-0.25%, withdrawal fees are charged as wellyesyes
  • Wire, Ripple, AstroPay
  • Due to limited payment methods it can take several days to get your Bitcoinsno
  • Yes
  • Worldwide
  • 85%
  • Read review
  • Kraken

  • kraken
  • Trading Platform
  • yes
  • yes
  • Transaction fees vary between 0.12% - 0.2%. Minimal deposit feesyes
  • Wire
  • Due to limited payment methods it can take several days to get your Bitcoinsno
  • Yes
  • Worldwide
  • 83%
  • Read review
  • iGot

  • igot
  • Trading Platform
  • This exchange is relatively new and hasn't gain enough reputation yet.no
  • yes
  • Fees are 1% for any transaction. There are no deposit or withdrawal feesyesyes
  • Wire
  • Due to limited payment methods it can take several days to get your Bitcoinsno
  • Yes
  • Worldwide
  • 83%
  • Read review
  • CEX.IO

  • 247exchange
  • Trading Platform
  • yes
  • yes
  • yes
  • Wire, Credit/Debit, AstroPay
  • New users can receive their Bitcoins within hoursyesyes
  • Yes
  • Worldwide
  • 81%
  • Read review
  • HitBTC

  • hitbtc
  • Trading Platform
  • This exchange is relatively new and hasn't gain enough reputation yet.no
  • The exchange rate in this exchange is significantly higher than the averageno
  • Flat deposit/withdrawal fee (except SEPA). 0.1% Transaction feeyes
  • Wire
  • Due to limited payment methods it can take several days to get your Bitcoinsno
  • Yes
  • Worldwide
  • 80%
  • Read review
  • 247Exchange

  • 247exchange
  • Broker
  • yes
  • no
  • 0.2% transaction fee, 0.5% withdrawal fee, deposit fee varies between payment methodsyes
  • Wire, Credit/Debit, Cash
  • New users can receive their Bitcoins within 48 hoursyes
  • Yes
  • Majority of users come from US, but other countries supported as wellWorldwide
  • 84%
  • Read review
  • BitX

  • bitx
  • Trading Platform
  • yes
  • yes
  • 0.2%-1%, flat withdrawal fee, depending on currencyyes
  • Bank transfer, GIRO, FAST, EFT
  • yes
  • Yes
  • Indonesia, Malasıya, Nigeria, Singapore, South AfricaVaries
  • 84%
  • Read review
  • BitBay

  • bitbay
  • Trading Platform
  • yes
  • yes
  • 0.25%-0.43% trading fees, 2%-5% deposit fees, flat withdrawal feesyes
  • Bank transfer, SEPA, SWIFT
  • yes
  • Yes
  • Worldwide
  • 82%
  • Read review
  • BTC-E

  • btce
  • Trading Platform
  • This exchange has remained anonymous and does not disclose company informationno
  • yes
  • Transaction fees - 0.2%. Deposit fee ~1%. Withdrawal fee - 0.001BTCyes
  • Wire, Perfect Money, OKpay
  • Due to limited payment methods it can take several days to get your Bitcoinsno
  • No
  • Worldwide
  • 78%
  • Read review
  • Virwox

  • virwox
  • Trading Platform
  • This exchange has received multiple complaints about customer serviceno
  • The exchange rate in this exchange is extremely higher than the averagenono
  • Due to the fact that you can't buy BTC directly fees can vary up to 10%nono
  • Wire, PayPal, Credit, Debit, Skrill and more
  • New users need to wait 48 hours to receive their first Bitcoinno
  • No
  • Worldwide
  • 70%
  • Read review

Coinbase Bitcoin exchange review

Summary: Coinbase is probably the most popular company today for buying Bitcoins. It was founded in late 2012 as a part of Y-Combinator and until today has raised more than $106 million in venture capital. Coinbase is considered by many the leading Bitcoin exchange available.

The are two ways you can buy Bitcoins from Coinbase. One is through the Coinbase wallet and the other is through the Coinbase exchange. When you buy Bitcoins through the Coinbase wallet you are basically buying the Bitcoins from Coinbase itself, whereas when you use the exchange you are participating in a trading with other users of the exchange.

Pros: Highly respected and good reputation, low transaction fees, good customer support.

Cons: Limited payment methods, limited countries supported.

Click here to visit Coinbase


Circle Bitcoin exchange review

Summary: Founded in 2013 Circle is Coinbase’s main competitor. Circle acts as a broker allowing you to buy Bitcoins directly from the company using a credit card. The use of credit cards allows transaction to be conducted quicker but it also limits the amount of Bitcoins you can buy and has more deposit fees (currently 2.9%). Circle is a very respected company which has raised over $76 million in venture capital and is gaining traction fast. It is said to be working in 30 countries around the world. Pros: Accept credit cards, no verification needed, fast turnaround due to credit card as payment method. Cons: Limited countries supported, high fees due to payment methods which allow chargebacks.

Click here to visit Circle

 


CoinMama Bitcoin exchange review

Summary: Coinmama is a another veteran Bitcoin broker working in the market since 2013. The offer easy ways to buy Bitcoins with credit cards or cash deposits via MoneyGram and Western Union. Coinmama uses Simplex – a credit processor which allows you to buy up to $520 in one purchase. Unfortunately Coinmama also has extremely high exchange rates due to chargeback issues and the availability of credit and debit cards as payment methods. It’s pretty similar to Coin.MX only their verification process is slightly faster.

Pros: Accept credit cards, Fast transaction time, great user interface.

Cons: High exchange rate, average customer support.

Click here to visit CoinMama


Bitstamp Bitcoin exchange review

Summary: Bitstamp is the oldest Bitcoin exchange out there today. Founded on 2011 Bitstamp has managed to survive most of the Bitcoin ecosystem’s turmoil without being hacked or shut down, and that’s definitely saying something.

If it wasn’t for it’s non intuitive user interface and lack of convenient payment methods Bitstamp may have been rated #1 in our charts. But unfortunately today I can only recommend Bitstamp for larger purchases of coins where you will definitely need to use a wire transfer and the fees won’t compose such a large amount of the deposited sum.

Pros: Highly respected and reliable exchange, low transaction fees.

Cons: Not suited for beginners, limited payment methods, high deposit fees on small amounts of money.

Click here to visit Bitstamp


Kraken Bitcoin exchange review

Summary: Another Bitcoin exchange veteran, Kraken was also founded in 2011 like Bitstamp and managed to stay alive until today. Kraken is consistently rated as a top Bitcoin exchange by different news outlets and was also the first Bitcoin exchange listed on Bloomberg terminals. Kraken is also trusted by hundreds of  the Tokyo government and the BaFin regulated Fidor Bank.

Kraken is pretty similar  to Bitstamp in its pros and cons and are almost identical when coming to decide which on of them to use.

Pros: Highly respected and reliable exchange, low transaction fees.

Cons: Not suited for beginners, limited payment methods, high deposit fees on small amounts of money.

Click here to visit Kraken


iGot Bitcoin exchange review

Summary: iGot was founded in 2013 in Australia, it  provides a trading platform  and also merchant payment services for Bitcoin. It has super low fees but also supplies on a limited range of payment methods.

The exchange was also behind the relief campaign for Nepal earthquake victims earlier this year. Having said that, iGot has yet to gain enough reputation as a major player in the Bitcoin exchange market.

Pros: Super low fees, great interface.

Cons: Limited payment options, relatively high exchange rate.

Click here to visit iGot


HitBTC Bitcoin exchange review

Summary: I’ve reviewed HitBTC last year and was pretty pleased with their product. The company seems to have a solid user interface making it pretty easy to buy Bitcoins. Also the platform seems to be very “newbie oriented” and puts an emphasis on security.

Although HitBTC gained considerable traction over the past year since it’s launch, much like iGot it still hasn’t managed to reach the “big leagues” of Bitcoin exchange (i.e. Coinbase, Circle, Bitstamp etc.)

Pros: Beginner friendly, great buying experience.

Cons: High exchange rate, brand not reputable enough.

Click here to visit HitBTC


BTC-e Bitcoin exchange review

Summary: BTC-e is a bit of hard pill to swallow. On the one hand it’s one of the most oldest exchanges available operating since July 2011. On the other hand there seems to be no actual company or person directly responsible for the exchange. In short, it just seems shady but there haven’t been any complaints yet.

The exchange rate on BTC-e is pretty good, but the interface looks outdated. As of February 2015 BTC-e handles 2.5% of all Bitcoin transactions which is pretty amazing but I would still use caution when dealing with this exchange.

Pros: Low fees, proven stability over time.

Cons: No actual person behind the company, clunky user experience.

Click here to visit BTC-e


Virwox Bitcoin exchange review

Summary: Virwox is not a Bitcoin exchange per se. It’s actually a Second Life reseller which allow you to exchange SLL (Second Life Linden’s) in to Bitcoins. So why is it listed here? Because currently it’s the only known exchange in which you can buy Bitcoins with PayPal.

The issue with Virwox is that even though it supplies various payment methods many users have complained about their services. Some have even reported that their money was taken with no return. However most of the reviews tend to show that either the purchase of Bitcoins was successful or that the money was refunded.

Pros:  A wide variety of payment methods including Paypal and credit cards.

Cons: Shady reputation, very high fees when buying with Paypal or a credit cards (due to multiple conversions).

Click here to visit Virwox


247Exchange Bitcoin exchange review

Summary: 247Exchange is a veteran player in the Bitcoin ecosystem which allows you to buy Bitcoins with a credit card in a simple and secure manner. Unfortunately their buying process still has a few glitches and the verification process can take quite some time. I recently reviewed the service hands on, you can read about it here.

Pros:  Easy user interface, works worldwide and multilingual.

Cons: Buying process is too long (mainly due to verification), the service takes a premium in order to be able to deal with chargeback issues.

Click here to visit 247exchange


CEX.IO Bitcoin exchange review

Summary: CEX.IO was established in 2013. CEX.IO is a bitcoin trading exchange which accepts credit cards and allows you to trade. On Cex.io You can buy Bitcoins for USD, EUR and RUB.

Pros:  Recognizable brand, supports credit cards, support multiple trading pairs of altcoins.

Cons:  Verification process seems to be very extensive and sometimes exhausting. Mixed reviews in the community about the service.
Click here to visit CEX.IO