A guide to Cryptocurrency exchanges 2018 edition

Here are a few of some well known and some unknown exchanges that have been tried and tested by yours truly and I believe these are some great ones in 2018

Photo by Andre Benz on Unsplash

Binance
Recently has become my favorite exchange for using, to me the UI and UX seem straightforward no significant issues perhaps styling could be slightly cleaner but overall good. I do like the transparency from their CEO Chenpeng Zhang, who is often vocal on Twitter and gives updates on the exchange. He was on the front page of Forbes last year which is a big deal.

Soon to have EUR FIAT pairings and I believe they are relocating to Malta (A crypto friendly part of the world)

Pros:
Great variety of Cryptocurrencies
Transparency

Cons:
UI UX could be improved
A legitimate release of a Mobile app in the iOS store would be welcome.
High fees for withdrawals.

Notable cryptocurrencies to purchase from Binance:
Bitcoin BTC, Litecoin LTC, Ethereum ETH, Aeternity AE, Vechain VEN, Ontology ONT, Cardano ADA, NANO, Wanchain WAN, Binance BNB

Sign up for Binance here: https://bit.ly/2BeQgZp

Bittrex
Before Binance I exclusively used Bittrex for the sheer number of Cryptos available on the platform, it’s still a great platform no issues – they recently had a revamp in UI and seemed a bit cleaner than before and even offers a Dark mode now.

I still use Bittrex from time to time to purchase not such popular cryptocurrencies.

Pros:
Responsive support
Good list of some of the lesser know cryptocurrencies

Cons:
Hard time to register an account if there is high bandwidth
No referrals

Notable cryptocurrencies to purchase from Bittrex:
Bitcoin BTC, Litecoin LTC, Ethereum ETH, Cardano ADA, Basic Attention Token BAT, Ethereum Classic ETC, Syndicate SYNX, Bitbean / Beancash BITB, Reddcoin RDD, Omisego OMG

Sign up for Bittrex here: Bittrex.com

Coinbase
I believe this is the number one exchange in the west – they have market power and pretty much everyone has purchased from Coinbase. They just updated GDAX (they trading platform) to Coinbase Pro it looks pretty clean it isn’t too bad. I believe this is the only insured Cryptocurrency exchange if they were to have a breach or hack as they only hold 2% of all Crypto’s online and the rest offline, however worth noting that if your account gets hacked, they won’t pay up.

Pros:
One of the most famous exchanges in the west
Insured
User-friendly for beginners

Cons:
Support is abysmal
Only 4 Cryptocurrencies to choose from

Cryptocurrencies to purchase from Coinbase:
Bitcoin BTC, Ethereum ETH, Litecoin LTC, Bitcoin Cash BCH

Get FREE $10 worth of Bitcoin when you spend $100 Coinbase https://goo.gl/d3DT1t

Huobi
I tried Huobi, and it was a pleasant surprise to use this exchange, Chinese owned, a good ecosystem as they have iOS and Android apps available. The UI and UX are pretty slick and clean I like the design of this exchange everything is clear and concise, and I can tell they put in the effort to make this platform excel in comparison with other exchanges.

Pros:
Great UI/UX for their platform
iOS and Android platforms supported
100’s of Crypto’s supported

Cons:
A significant focus on Asian markets
Hacked in the past

Cryptocurrencies to purchase from Huobi:
Bitcoin BTC, Ethereum ETH, Litecoin LTC, Huobi Token HT, Zilliqa ZIL, Wanchain WAN

Sign up for Huobi here: https://bit.ly/2KeNrjE

 

Kraken
Pretty well known massive exchange in the crypto space has been around since 2011. UI/UX has room improved I spotted a couple of bugs such as the hover-overs not working correctly on small screens. However, overall one of the known exchanges and has a substantial list of crypto’s to purchase. Also one of the Euro-friendly exchanges so happy for you to send over Euros to trade with cryptos.

Pros:
Solid list of crypto’s to purchase from here.
EURO FIAT Trading pairs.

Cons:
Support is abysmal
When under load the site was pretty much down for over 2 weeks, slow maintenance.

Cryptocurrencies to purchase from Kraken:
Bitcoin BTC, Ethereum ETH, Litecoin LTC, EOS

Sign up for Kraken here: Kraken.com

Kucoin
Reasonably new exchange based in Hong Kong not as refined to the likes of Binance, so far it’s been ok to use reasonably straightforward UI/UX but is in need of some official Apps for mobile devices. If you hold Kucoin tokens (KCS), then expect to receive rewards daily which is quite impressive. This exchange also offers an extensive amount of cryptos to purchase and some reasonably unknown ones.

Pros
Straightforward UI/UX
Kucoin Shares (KCS) rewards
Good referral scheme

Cons
Poor customer service needs Native English speakers.

Cryptocurrencies to purchase from Kucoin
Bitcoin BTC, Ethereum ETH, Litecoin LTC, Achain ACT, NEO, Zilliqa ZIL

Sign up for Kucoin here: http://bit.ly/2rmCK6g

 

COSS
Another relatively new exchange needs recently updated its User Interface and User experience, it offers an improved experience. The exchange offers it’s own COSS tokens that offer fee splits for all the other cryptocurrencies on the exchange. So it means you can generate passive income while holding COSS online or offline. (Similar to Kucoin shares above) There perhaps could be improvements to the exchange itself thought the user experience seems a bit slow and clunky which could do with refinement.

Pros
Holding COSS tokens offers passive rewards

Cons
The exchange is still slightly clunky regarding UI/UX and speed

Cryptocurrencies to purchase from COSS
Bitcoin BTC, Ethereum ETH, Litecoin LTC, COSS, KIN

Sign up for COSS here: http://bit.ly/2FTEWpa

Cryptopia
This exchange has been around for some time, based in New Zealand the exchange has rapidly grown over time. The exchange boasts some exciting concepts like an e-commerce platform within the exchange, and they generally support a lot of unknown coins which is what I like about Cryptopia. However, there is a concern regarding there support, and a few threads on the internet do not speak highly of them.

Pros
Excellent selection of known and unknown Cryptocurrencies

Cons
Support isn’t great
Some concerns with previous users are not making good light of this exchange

Cryptocurrencies to purchase from Cryptopia
Bitcoin BTC, Ethereum ETH, Litecoin LTC, Syndicate SYNX, Condensate RAIN, Reddcoin RDD

Sign up for Cryptopia here: https://bit.ly/2N8J3kI

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