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Best Bitcoin (BTC) Exchanges in 2021

This article will answer the main questions for traders looking to invest in bitcoin or other cryptocurrencies. Questions like on how Bitcoin exchanges work, What are the different types of Bitcoin exchanges?

Author: Edith Reads Last updated: 14/10/2021

In this Bitcoin exchange comparison, we look at eight of the best Bitcoin exchanges in 2021. We will be pointing out the key features that make them unique and how bitcoin trading on a certain exchange works.

Since 2010, there has been a proliferation of Bitcoin exchanges. They were all established after the introduction of Bitcoin cryptocurrency and blockchain in 2009, and their popularity has soared over time.

And while they are often considered the best bitcoin exchanges in UK and Europe, they still differ significantly on a number of issues. For instance, they support different payment methods, impose different types of fees, and have different approaches to storing their client’s funds. But at the very core, they all have their primary role as the facilitation of purchase, sale, and exchange of Bitcoins.

  • Min Deposit: $200
  • Number of Coins: 20+
  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
BankCard CashGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Visit eToro

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  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Regulated by SEC, & FinCEN
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
Giro PayMastercardNetellerSkrillUnionPayVisaYandex
Visit Coinbase

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  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Highly transparent exchange
  • Competitive Bitcoin trading fees
  • Highly secure
Card CashGiro PayMastercardUnionPayVisa
Visit Kraken

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  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Secure Digital Wallet App
  • Offers high liquidity
  • Easy-to-use interface
BankGiro PayVisa
Visit bitpanda

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  • Min Deposit: 1 $£€
  • Number of Coins: 25+
  • Tax Support
  • Low fees
  • Beginner-friendly
BankMastercardPayPal
Visit Crypto.com

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  • Min Deposit: 1 $£€
  • Number of Coins: 1500+
  • High Number of Coins
  • Accepts Fiat Deposits
  • Trade on Spot and Futures
Card CashMastercardSkrillWire Card
Visit Binance

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  • Min Deposit: 20 $£€
  • Number of Coins: 200+
  • Anonymous
  • Easy to use
  • Wide range of cryptocurrencies
BankMastercard
Visit Changelly

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  • Min Deposit: 10 $£€
  • Number of Coins: 5+
  • Easy access to major cryptocurrencies
  • Fast deposits and withdrawals
  • Buy crypto on your schedule
BankMastercard
Visit Luno

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What Is a Bitcoin Exchange?

A bitcoin exchange is a digital marketplace and an online platform where you can buy and sell bitcoins using fiat currency or exchange them for another cryptocurrency. Also referred to as a Bitcoin Currency exchange, it is an online platform that brings together Bitcoin buyers and sellers and allows them to exchange their assets.

Look at it as the crypto version of a stock exchange, where in place of stocks and shares, you get to trade Bitcoins. Some Bitcoin exchanges will support the purchase of Bitcoins with conventional Fiat currencies. Others will only allow for the purchase of Bitcoin using another crypto, and yet others support both fiat-to-crypto and crypto-to-crypto conversions.

How Does a Bitcoin Exchange Work?

The work of the best bitcoin exchange in 2021 is to facilitate the sale and purchase of the bitcoin cryptocurrency. On most of these exchanges, there are two primary ways of buying or selling bitcoins – through a market order or a limit order. If you chose to buy or sell through a market order, you are essentially authorizing the exchange to execute the trade at the best available price on the marketplace. On the other hand, the limit order authorizes the exchange to execute the trade above the bid price above or below the current ask price.

Besides providing you with a trading platform, the best bitcoin exchange provides you with complimentary trading tools. These include real-time access to the Bitcoin market, advanced risk management tools, real-time Bitcoin news, and trader sentiments, as well as technical and fundamental analysis tools. These go a long way in helping you protect your online investments and make informed bitcoin trading decisions like when to buy/sell. Some will even provide you with a free crypto wallet for keeping your Bitcoins safe.

Types of Bitcoin Exchanges

There are five primary types of Bitcoin exchanges, including:

Centralized exchanges

A centralized bitcoin exchange refers to a trading platform that is owned and controlled by an established entity. Your interactions with the bitcoin exchange go through – and are often recorded on – a central server. The company behind the exchange will also be responsible for setting up customer support teams, ensuring the platform adheres to regulatory requirements and setting Bitcoin trading fees/spreads. Centralized platforms are the most popular and are often ranked among the best bitcoin exchanges in the UK and Europe. Examples include Binance, eToro, and Coinbase.

Decentralized exchanges

Decentralized Bitcoin exchanges, on the other hand, don’t have a single entity controlling or overseeing the platform affairs. They are trustless platforms where the buy and sell transactions are executed in the form of smart contracts. These bitcoin exchanges operate outside government regulations and are considered safe. Their popularity and, in effect, trading volumes on these platforms have dwindled in the recent past. An example of a decentralized Bitcoin exchange is IDEX.

Hybrid exchanges

A hybrid bitcoin exchange seeks to leverage the key features of centralized and decentralized exchanges. It aims to combine the security of the decentralized exchange and the user-friendliness of the centralized exchange. Most hybrid bitcoin trading platforms match orders offline and only update the balances after the transaction is submitted to the blockchain. BitStamp is a perfect example of one of the best Bitcoin exchanges that combines the two features.

Instant exchanges

Instant Bitcoin exchanges facilitate instantaneous purchase and sale of Bitcoins. Unlike exchanges that bring together bitcoin buyers and sellers, instant exchanges allow you to buy and sell to and from the exchange service provider. They are referred to as instant exchanges because the transaction is simple and instantaneous – no buy orders are involved. Examples of Best Bitcoin Exchanges of this type include Shapeshift, Simplex, and Changelly.

Peer-to-peer bitcoin exchange

Peer-to-peer bitcoin exchanges facilitate the buying and selling of legacy coins between individuals. Unlike centralized and decentralized exchanges that manage trades through an order book, peer-to-peer platforms have public listings. You create a listing detailing how much bitcoin you want to buy or sell and the price. You may also add location and preferred payment method. A buyer or seller interested in the transaction can contact you directly for negotiations and sealing the deal. Examples of peer-to-peer bitcoin exchanges are LocalBitcoins, Paxful, and BitValve.

1. eToro – Best for Beginners

Number of Coins: 20+
Margin Trading: YES
Minimum Deposit: $200
Visit eToro

Capital At Risk

eToro sets itself apart as the best bitcoin exchange for beginners with its social and copy trading features. It is a centralized bitcoin exchange that ranks highly on most Bitcoin exchange comparison lists. It also boasts of a solid reputation of reliability and trustability. eToro is also an all-in-one solution brand in that it provides platform users with a trading platform and a free custodial wallet for storing their coins.

Bitcoin traders in the UK wishing to use the platform can, however, only trade real Bitcoin after the FCA ban of the sale of crypto-derivatives to retail investors at the end of 2020. The broker is also regulated by the Cyprus Securities & Exchange Commission (CySEC) and the Australian Securities and Investments Commission. Other factors that make eToro one of the best Bitcoin trading platforms include the fact that it is highly regulated, is deeply liquid, and stocks a wide range of trading tools. We discuss these in detail below.

eToro Pros & Cons

Pros

Cons

Exchange features

Social trading tools

Through the social trading feature, beginner bitcoin traders on the platform can earn while learning. The social trading aspect of the tool makes it possible for them to interact with pro traders and connect with mentors on the platform. On the other hand, the copy trading aspect makes it possible for them to copy the bitcoin trade settings of expert traders.

Highly advanced trading tools and features

eToro features highly advanced Bitcoin trading and analysis tools. These include such technical indicators as pro charts, trading sentiments, real-time bitcoin and crypto world news and events as well as volume indicators.

Multi-trading platform

eToro is a multi-trading platform. It is available both as a web-based trader and a mobile trading app. Both integrate Bitcoin charts and an equal number of trading tools and indicators.

eToro wallet

eToro is also considered an all-in-one solution. It not only features a highly advanced Bitcoin trading platform but also provides users with a free Bitcoin wallet.

Highly secure and insured

In the UK, the eToro trading platform is managed by eToro (UK) LTD and regulated by the FCA. The FSCS also ensures its client’s deposits of up to £85,000. Further, eToro recently insured all UK customer accounts with covers of up to £1 million with Lloyds of London for free.

Bitcoin trading on eToro

Most of the brokers in the UK got rid of crypto trading, following the FCA’s ban on crypto-derivatives. However, eToro users can still buy, sell, and exchange cryptocurrencies on the platform.

Currently, you can trade Bitcoin against twelve other financial instruments on the eToro platform. Interestingly, eToro is the only platform that allows you to trade Bitcoin against commodity CFDs. The broker also offers leverage and margin trading for cryptocurrencies for customers outside the UK.

You are also free to invest in best performing Bitcoin portfolios created by expert traders on the platform. You can use the numerous technical indicators provided by eToro to analyze the Bitcoin market and make informed trading decisions. We must, however, mention that the broker exchange lays little emphasis on fundamental analysis tools.

Here is the step-by-step guide on how to trade Bitcoin on the platform:

How to buy/exchange Bitcoins on eToro

1: Start by opening the https://www.etoro.com/ on your browser or downloading the eToro app.

2: Create a user account (Note that you will be required to verify your identity before you can be allowed to deposit cash or execute your first trade on the platform)

3: After creating the account, log in to access your user dashboard

4: Make a deposit using the “Deposit Funds” link on the user dashboard

5: Click on the “Trade Markets” tab on the user dashboard and chose “Crypto” and then Bitcoin to start trading

6: Chose* your preferred Bitcoin trading pair from the list of crypto-commodity, crypto-crypto, and crypto-currency crosses provided.

7: Click on the Buy or Sell option to start trading. You will be redirected to the trading page that allows you to set such trade specifics as amounts, stop loss, take profit, and preferred leverage.

Alternatively:

Choose to invest in copy portfolios that include Bitcoins. These can be Top trader copy portfolios, Market copy portfolios, or partner copy portfolios

Bitcoin trading fees on eToro

eToro is a centralized broker exchange that provides a platform for trading Bitcoin CFDs. It imposes a spread on all Bitcoin trades. Currently, this spread starts at 0.75% of the transaction amounts. And though they don’t charge commission fees, one may consider the spread uncompetitive compared to the relatively low fees charged by equally popular exchanges like Binance.

Payment methods on eToro

eToro is hailed for integrating the broadest range of payment methods. These include:

Note, however, that while you can deposit into your account using virtually any currency, eToro has its base currency as USD. Your deposits in any other currency will, therefore, converted into USD upon hitting the eToro account. eToro doesn’t charge a deposit fee, but currency conversion fees are variable and start from 50 pips.

The minimum deposit amount on eToro is $200, while the minimum withdrawal is set at $30. A $4 fee is also charged for all withdrawals, and though eToro claims to process requests within 48 hours, it will take the funds between 5 and 7 days to reflect on your account.

How to fund your eToro account with a credit card

1: Start by logging in to your eToro account.

2: Click on the “Deposit Funds” tab on the user dashboard.

3: On the deposit funds page, enter the amount you want to deposit, your preferred currency, and payment method

4: Click on the “Deposit” icon to authorize the deposit

How to withdraw funds from eToro

1: Start by logging in to your eToro account

2: On the user dashboard, click on the “Withdraw Funds” tab

3: On the withdraw page, enter the amount you wish to draw from the account

4: Click “Submit” to authorize the transfer

5: eToro will notify you when your withdrawal is processed via email. (You may cancel withdrawals “Under Review” by clicking on the “reverse” icon.

Is eToro safe?

Yes, eToro has put in place several security safeguards around both their web trader and mobile app. It starts by ensuring that all its clients verify their identity bypassing the KYC and AML vetting before they are allowed to trade. Each eToro user account must also be secured with a unique password. Plus, you have the option of activating the two-factor authentication that will enable you to receive codes via email or phone number.

Since the broker exchange is regulated and licensed by the FCA, your trading account is insured by the FSCS – up to £85,000. And should the exchange go down, every platform user is insured with Lloyds of London- for up to £1 million. The broker is also regulated by other top-tier financial authorities; CySEC and ASIC.

Customer support

Despite the great service, eToro runs a relatively sluggish customer support department. There are limited methods of accessing the company’s support team. Regular users can only contact the team (even for emergency cases) by raising a support ticket or directly messaging them on their social media platforms. Phone support and live chat are preserved for the eToro Club program subscribers. And even here, you still have to book a live chat or phone support session that is often more than seven days away.

They nevertheless maintain a highly elaborate help center with a knowledge base. Here you get to interact with their FAQs page available on the mobile app and company website. It explains most of the common queries faced by eToro platform users and outlines the common troubleshooting guides.

2. Coinbase – Best for Professional Traders

Number of Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Coinbase

Capital At Risk

Coinbase launched in 2012 as a bitcoin-only exchange and was among the earliest crypto exchanges ever established. Over the years, it onboarded more cryptocurrencies and worked on its platform to make one of the world’s best bitcoin exchanges. The exchange was also among the earliest to chase after regulation and licensing from different financial regulatory agencies.

Today, Coinbase ranks highly on the Bitcoin exchange comparison list for the most reputable, highly regulated, deeply liquid, and most innovative bitcoin trading platforms. On the Coinmarketcap.com website, for instance, Coinbase PRO – the professional trading arm of Coinbase – is ranked as the third among the crypto spot exchanges with the highest trading volume.  It then takes the 12th position on the rankings for the most liquid exchange. Here is everything else you need to know about the bitcoin exchange.

Coinbase Pros & Cons

Pros of Coinbase

  • Highly liquid trading platform
  • Highly secure bitcoin trading platform
  • Friendly interface
  • Low minimum trade requirement

Cons of Coinbase

  • No ownership of Bitcoin private key
  • Complicated bitcoin trading fee structure
  • Limited Bitcoin trading options
  • Low withdrawal limits

Pros

Cons

Exchange features

Cross-platform trader: Coinbase exchange is available both as a web and as a mobile app trader. These are then divided into Coinbase – designed with the beginner trader in mind – and Coinbase PRO – designed with expert Bitcoin trader in mind. You, however, don’t need separate user profiles for each. You can easily switch from Coinbase regular to PRO within the web trader or mobile app.

Coinbase Vault: Upon creating a user account and verifying your identity with Coinbase, you will be presented with a free custodial wallet. Custodial implies that the bitcoins and any other digital assets you buy on the platform will be held here. You, therefore, won’t get to own your Bitcoin private keys. Nevertheless, you are assured that 98% of the amounts held by Coinbase are stored in secure offline vaults, plus your deposits are insured by the FSCS.

Integrates highly advanced technical trading tools: As we have already mentioned, Coinbase is designed with the beginner Bitcoin trader in mind and therefore integrates limited trading tools and indicators. Coinbase PRO, on the other hand, is designed to suit the expert trader and integrates a wide range of highly advanced trading tools and technical indicators.

Highly reputable: Coinbase is considered the best bitcoin exchange and the most reputable crypto trading platform because of its transparency and regulation. It was among the first Bitcoin exchanges to embrace regulation and licensing by finance industry regulators. And this explains why it is regulated in virtually every country it operates. For instance, Coinbase is regulated by the FCA in the UK and CySEC in Europe. In the US, it is regulated by the SEC and FinCEN. This, plus the fact that it has never been hacked or accused of gross violations like manipulating trade volumes – unlike equally popular exchanges like Huobi Global – has earned the trust of over 35 million users across the world.

Coinbase PRO: In 2014, Coinbase launched Coinbase PRO – a highly advanced crypto exchange – designed for expert bitcoin traders. It has fewer trading guides but is rich in trading and analysis tools, hosts more bitcoin crosses, maintains lower bitcoin trading fees, and faster transaction processing speeds.

Bitcoin Trading on Coinbase

Coinbase is an all-in-one solution to bitcoin trading as it presents you with a platform where you can buy, sell, and store bitcoins. Recent technological innovations on the platform have also made it possible for Coinbase wallet users to pay for goods and services or even donate Bitcoins using the platform. The most unique aspect of Bitcoin trading on Coinbase is that the platform is divided into two sections – Coinbase and Coinbase PRO.

Coinbase is considered the friendlier interface and is available to everyone. Buying, selling, and converting crypto on the platform is relatively easy and straightforward. It also features more educational content and trading guides that appeal to beginner traders. Coinbase PRO, on the other hand, is designed to serve individual but experienced crypto traders. And though it also has a highly intuitive interface, it integrated more and highly advanced trading tools and indicators while paying less attention to user education. It features order books, pro charting tools, market analysis tools, and risk management tools. And they are all aimed at helping you better understand the Bitcoin market and make informed buy/sell decisions.

The primary difference between trading bitcoins on either platform is that Coinbase has limited bitcoin trading options – it can only be traded against fiat currencies. The transaction charge is also considerably high. Coinbase PRO, on the other hand, features more Bitcoin trading pairs. You get to trade it against both fiat and cryptocurrencies. The Maker taker fee charged for Bitcoin trades here is also highly competitive.

How to buy Bitcoins on the Coinbase PRO

1: Start by accessing the Coinbase pro website https://pro.coinbase.com/ on your browser or downloading the Coinbase PRO.

2: Click on the “Get Started” icon on the top-right corner of the site to start creating your user account.

3: Complete the account creation process by providing the Bitcoin exchange with your details and verifying your identity

4: Click on the “Trade” icon on the top left-hand corner of the user dashboard

5: Click on the “Select Market” tab on the left-hand column of the dashboard and search for BTC on the ensuing search bar

6: From the list of all the Bitcoin trading pairs supported by Coinbase PRO, select the pair you wish to trade

7: Adjust the trade settings on the order form by deciding if you to buy or sell, whether to place a market or limit order, set the stop loss, enter the trading amounts and click on the “Place buy/sell order” tab

Bitcoin trading fees and buying limits

How much you pay for trading Bitcoins on Coinbase will largely depend on whether you are using Coinbase or Coinbase PRO. Note, however, that the fee structure for both platforms is graduated and pegged to the trade volume. The bitcoin trading fee will also be influenced by the payment method used to fund the account.

Bitcoin trading fees of Coinbase:

The bitcoin trading fees guidelines depending on the preferred payment method:

PAYMENT METHODS FEES
Coinbase wallet 1.49%
Debit/credit card 3.99%
Wire transfer (SEPA) Free (in)/ €0.15 (out)
Coinbase card Up to 2% (minimum $0.55)
Faster Payments Free

Your bitcoin trading fee on Coinbase regular will, therefore, be the higher of these two. For instance, if you bought Bitcoins for $200 and funded the trade with a debit or credit card, the transaction fee for the trade will be $7.98 (the highest of 3.99% and $2.99).

The Bitcoin trading fees on Coinbase pro are more straightforward and considerably lower than the transaction fees changed on Coinbase regular. These are:

Payment methods at Coinbase

Coinbase is quite versatile and supports a wide range of payment methods. These include:

Note: Coinbase allows you to deposit either GBP or EUR into your Coinbase wallet without incurring currency conversion costs.

How to fund your Coinbase exchange account using Debit/credit card

1: Log in to your Coinbase user account

2: Click on your profile icon and select “Settings.”

3: Click on the “Payment Methods” page and select “Link New Account.”

4: Choose “Debit/Credit Card”

5: Complete the card information page by entering the requested information and click on “Add Card.”

6: You will receive a confirmation that says, “Credit Card added.” You can now use it to buy/sell Bitcoins at any time

Note: You first need to ensure that your debit or Credit card supports the “3D secure” payment method. Contact your bank or card provider for confirmation or activation.

How to withdraw funds from Coinbase exchange to a Bank account

1: Start by logging in to your Coinbase user account.

2: Click on the “Portfolio” tab from the main menu at the top of the user dashboard.

3: From the GBP wallet, click on the “Withdraw” button

4: If you have multiple bank accounts linked to the Coinbase wallet, select the bank account to withdraw to, and the withdrawal amounts

5: Confirm the withdrawal

Note: You can only withdraw funds to a bank account that you have previously used to deposit cash into your Coinbase wallet. Plus, it may take up to 3 days before the funds reflect in your bank account.

Is Coinbase Safe?

Coinbase is considered one of the safest Bitcoin exchanges as it has never been hacked. And while some of its wallet users may have reported incidences of losing Bitcoins and other digital assets through phishing attacks, its cold storages have never been breached. Ideally, Coinbase stores its client Bitcoins in cold wallets. Only 2% of client funds available in hot wallets to facilitate day-to-day crypto transactions.

But these aren’t the only security safeguards put in place by Coinbase. Others include enabling two-factor authentication for their client accounts. These are also secured with strong passwords, and users can view and delink devices with access to their Coinbase account from the settings page. Additionally, Coinbase user accounts are insured. You will be compensated if Coinbase crypto vaults are breached and your funds compromised.

Customer support

The Coinbase website features a content-rich help center designed to serve both Coinbase regular and Coinbase PRO clients. Here, you get to interact with a lot of educative content and user guides that provide a step-by-step breakdown on how to interact with key Coinbase services. There also are numerous troubleshooting guides addressing common challenges faced by the exchange users.

In addition to the guides, there are three primary ways of contacting the Coinbase customer support team. You can raise a support ticket on their contact us page for email support. You can also direct message them on Twitter and Facebook or simply call their UK customer support team for emergency cases.

Email: support@coinbase.com

Twitter: https://twitter.com/coinbasesupport

Facebook: https://facebook.com/Coinbase

Phone number (UK): 0808 168 4635

3. Kraken – Best for Low Fees

Number of Coins: 50+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Kraken

Capital At Risk

Three key features help make Kraken one of the best Bitcoin exchange UK – the incredibly low trading fees, advanced trading platform, and transparency. Here, Bitcoin trading fees start from as lows as $0, especially for active high volume traders. The exchange has also come up with the most sophisticated yet intuitive interface that appeals to every class of bitcoin traders.

More importantly, we appreciate Kraken’s commitment to transparent crypto operations – in an age where most exchanges are involved in shady dealings like trade volume manipulations. Kraken has opened up its books to crypto auditors and became the first bitcoin exchange to conduct a proof of reserve audit. The audit was in line with the exchange’s push for the self-regulated crypto industry.

Today, the exchange has its headquarters in San Francisco, California, USA. It is among the oldest and most reputable Bitcoin trading platforms in the world. Here is what you need to know about Bitcoin trading on Kraken.

Kraken Pros & Cons

Kraken Pros

  • Highly liquid Bitcoin exchange
  • Highly transparent exchange
  • Competitive Bitcoin trading fees
  • Highly secure

Kraken Cons

  • Complex user interface
  • Sluggish customer support
  • Arbitrary closure of trader accounts
  • No bitcoin wallet services

Pros

Cons:

Exchange features

Three-tier bitcoin exchange

There are three types of Kaken exchange users – Starter level, Intermediate level, and PRO level. The only difference is the extent to which their users have verified their identity. Starter level users have just signed up and provided personal details as name and address but haven’t submitted ID for verification or answered the KYC/AML questionnaires.  The intermediate level traders, on the other hand, have verified their identity by submitting a government-issued ID and proof of address but haven’t completed the KYC/AML questionnaire.

PRO-level traders are Kraken users that have completed all the registration and identity verification requirements. Starter and intermediate level clients have access to limited exchange features like low deposit/withdrawal limits. They also have lower API call rate limits and cannot access the business account or dark pool.

Cross-platform

The Kraken Bitcoin exchange is available both as a web-trading platform and a mobile app. Both are quite sophisticated and integrate almost similar features, especially trading tools, market indicators, and the number of trading pairs. The difference between the Kraken mobile app and most other Mobile trading crypto exchanges lies in the account creation process. While mobile app exchanges like Coinbase or Binance require you to create an account, the Kraken app requires you to create an API. You can then integrate the app with the web trading platform. This, in turn, makes it possible for you to monitor trades opened on the web via the mobile app while on the move.

Widest range of crypto-related services

Kraken provides its clients with the broadest range of crypto-related services. These include a brokerage that gives you access to Bitcoin/crypto investments. It features the OTC centers for one-on-one trading between high-volume traders where trades exceed $100k. It has a dark pool that lets you trade large orders anonymously and without listing them on the order book. Plus, the exchange recently introduced off-chain Bitcoin staking for all its platform users.

Margin and futures trading

Qualified platform users can trade Bitcoin with leverages of up to 5X of their trading equity. A select high net worth Bitcoin traders are also able to access trade margins of up to $500,000. They have also introduced Bitcoin Futures that allow you to hedge bitcoin trading risks during periods of extreme volatility by trading futures contracts.

Cryptowatch

Cryptowatch is a unified market analysis platform. It is specially designed to help you monitor the price trends of your Bitcoin, portfolio, and other cryptocurrencies on different exchanges in real-time. It is primarily visual and features charts, graphs, volume indicators, and data flow trends. Also it is highly customizable and lets you create both price and volume alerts for different assets.

Bitcoin trading on Kraken

You can buy, sell, and exchange Bitcoin for other crypto and fiat currencies on the Kraken exchange. Further, you can choose to trade such Bitcoin derivatives as futures contracts and indices. Nevertheless, appreciate that right from the highly sophisticated trading interface to the host of integrated features, Kraken has its sight trained on expert and high net worth clients.

For instance, it gives them access to 5X leverages of up to 500,000 for trade. It also creates an Over-The-Counter (OTC) center for one on one trades and introduces the dark pool for off the records crypto transactions. Also it features more indicators and infuses more Bitcoin trading research and analysis tools than most other best bitcoin exchanges in Europe. To help you get started with the bitcoin trading platform, we break down the step-by-step guide on how to trade Bitcoins on the exchange below:

How to buy/sell Bitcoins on the Kraken exchange (Web)

1: Start by accessing the official Kraken website https://www.kraken.com/en-gb on your preferred browser.

2: Log in to your Kraken user account and click on the “Trade” tab on the user dashboard.

3: Select the Bitcoin pair you wish to trade

4: You will be directed to the New Order page to adjust the trade settings. Decide if you wish to make a buy or sell order, set the trade amount, decide if you want to place a market or limit order, and hit the Buy icon

5: You will now be directed to the order confirmation page to review the order details. If accurate, hit the “Submit Order” button

6: Your trade is now set and ready to execute on the Kraken exchange

Bitcoin trading fees

As we have already mentioned, Kraken maintains highly competitive Bitcoin trading fees. Some of its Bitcoin-related services like staking or transferring funds to/from futures wallets are free. The only Bitcoin trading fees that you have to deal with on Kraken are the Maker-Taker fees for placing an order on the exchange, as well as margin opening and rollover fees.

Maker taker fees on Kraken

However, note that with the privilege of anonymous trades on Kraken’s dark poo comes higher fees and standard Maker-Taker fees. The Bitcoin trading fees on Kraken’s dark pool are:

Margin opening and rollover fees for Bitcoin on Kraken:

Payment methods

Kraken is considerably limited on the number of payment methods supported by the exchange. Kraken platform users in the UK, for instance, can only fund their accounts via:

How to fund your Kraken exchange account

1: Start by logging in to your Kraken user account

2: Click on the “Funding” tab from the main menu atop the dashboard

3: From the list of fiat currencies supported by the platform outlined under the “Account balances” section, select the currency you want to use and click “deposit.”

4: Follow the instructions to complete the deposit

Note: Kraken currently supports up to six international fiat currencies (CAD, JPY, USD, EUR, USD, and CHF). You can only deposit fiat balances after you have verified your identity. Plus, there is no limit to how much crypto you can deposit into your Kraken account. Fiat deposits are, however, capped at $100k and $10 million every 24 hours, as well as $550k and $100 million every 30 days for intermediate and PRO-level traders, respectively.

How to withdraw funds from Kraken exchange to the bank account

1: Start by logging into your Kraken account.

2: Click on the “Funding” tab from the main menu atop the dashboard.

3: From the list of fiat currencies supported by the platform outlined under the “Account balances” section, select the currency you want to use and click “Withdraw.”

4: On the Funding Provider page, click on the withdrawal method tab and select your preferred method from the drop-down menu

5: If you had not added a bank account, click on the “Add Account” option and proceed to enter your bank account details

6: Once added, repeat steps 2, 3, and 4 and chose the added bank details to request a withdrawal

Note: Only add a bank account whose details match your Kraken account details

Is Kraken safe?

Yes, Kraken is wholly committed to the safety of its platforms and the entire crypto industry. It should be noted that when the Mt Gox exchange was hacked in 2014 and before its even collapse, Kraken was at the forefront of helping the exchange users recover their funds. Its founders are also actively campaigning for the self-regulation of the Crypto industry. They have led this path by ensuring that though they do not offer wallet services, their reserves are always are enough to repay users should their platform be hacked.

Additionally, Kraken maintains 95% of its client deposits in cold storage. Further, it respects client privacy by only recoding the sender and receiver’s addresses. It doesn’t carry out further chain analysis – unlike such other exchanges as Coinbase. More importantly, it encourages users to create strong multicharacter passwords for their user accounts and activate two-factor authentication.

Customer support

Though Kraken has been accused of maintaining a rather sophisticated and not-so beginner-friendly trading terminal, it is rich in educational content. It has a section of its website, “LEARN” dedicated to educating users on everything crypto. It features the Crypto 101 guide by Kraken CEO Jesse Powell, detailed guides about cryptos and Bitcoins, crypto security guides, and regular webinars. Kraken customer support also extends to their help center, where they feature answers to numerous FAQs, detailed explanations on how to interact with the exchange, and troubleshooting guides.

You can reach out to their customer support team by requesting a callback, live chat on the website and on social media platforms.

Twitter: https://twitter.com/krakenfx

Facebook: https://www.facebook.com/KrakenFX/

LinkedIn: https://www.linkedin.com/company/kraken-exchange

4. BitPanda – Best for Bitcoin Trading Automation

Number of Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Bitpanda

Capital At Risk

Bitpanada launched in Vienna, Austria, in 2014 and has over the years grown to become one of the best bitcoin exchanges in Europe. It is one of the fastest-growing bitcoin trading platforms in Europe and has even been feted for its innovativeness. Bitpanda started as a Bitcoin-only trading platform but has, over the years, integrated more digital assets.

It has also introduced a host of bitcoin and crypto services, including the Bitpanda Swap, savings, and Index. The exchange has leveraged technology in coming with a wholly automated platform that makes Bitcoin trading as straightforward and effortless as possible. Recently, Bitpanda introduced Bitpanda PRO exchange that is specially designed to serve expert Bitcoin traders. Here is what you need to know about trading Bitcoin on the Bitpanda exchange.

Bitpanda Pros & Cons

Bitpanda Pros

  • Fully automated bitcoin trading platform
  • Beginner-friendly
  • Supports a wide range of payment methods
  • Fast transaction processing

Bitpanda Cons

  • A limited number of Bitcoin crosses
  • Charges deposit and withdrawal fees
  • Full services only available in Europe
  • Low deposit/withdrawal limits

Pros

Cons

Exchange features

Bitpanda PRO

Bitpanda recently introduced the Bitpanda PRO – the professional trading wing of the Austria-based exchange. PRO’s key features will include the integration of technical/fundamental trading and analysis tools and indicators. The platform already integrates Tradingview.com’s feature-rich charts. We can only expect it to compliment this with equally powerful trading tools in the days to come.

Full feature mobile app

Bitpanda runs the full feature Bitpanda mobile app designed to help you trade and monitor the markets while on the move. The app mirrors the Bitpanda web trading platform integrates most of the trading tools, analytics, and even the number of supported Bitcoin pairs.

Bitpanda crypto index

Bitpanda recently introduced the Bitpanda Crypto index. It is the first cryptocurrency index of its kind in the world and the first regulated investment product from the company. It simplifies crypto diversification by making it possible for you to invest in Bitcoin alongside the top five, ten, or twenty digital currencies. The criteria of using the coins to wrap around the crypto index may be based on their trading volumes, market capitalization, profitability, and much more.

Bitpanda Savings

The Bitpanda savings plan is designed to help the exchange users create a plan for accumulating Bitcoin or any other crypto asset. It involves deciding on the number of Bitcoins you wish to buy on a regular basis and the source of funds. The exchange will automate the savings plan by automatically buying the crypto asset at the specified time. There is no limit to the number of saving plans you can set up or the number of Bitcoins you can buy.

Bitpanda Swap

The Bitpanda Swap service, on the other hand, allows you to swap one crypto for another instantaneously. It makes it possible for you to convert your Bitcoin balance into virtually any other supported crypto asset and vice versa in a simple and highly secure manner. And unlike Bitcoin deposits or withdrawals, there is no limit to the number of Bitcoins you can convert into any other currency.

Other Bitpanda services

Bitpanda is regularly integrating more innovative crypto services on its platform. Some of the most impactful include Bitpanda pay, Bitpanda Plus, and Bitpanda Affiliate. Bitpanda Pay allows you to spend your Bitpanda wallet balance by paying bills like rent, shopping, and even transferring cash to any IBAN in the European Union. Also, Bitpanda Affiliate allows you to earn up to 20% of the revenues your referrals to the exchange generate. Bitpanda Plus can, on the other hand, be viewed as the exchange’s elite program for high net worth clients. To join the Plus program, you must earn a minimum of €150,000 per annum or have €150,000 in savings, have been a Bitpanda exchange user since 2014, or have made at least one €100,000 deposit since joining Bitpanda. Its members get to benefit from exclusive support from Bitpanda account managers as well as higher trading and deposit limits.

Bitcoin trading on Bitpanda

Bitpanda exchange provides you with a highly digitized platform where you can buy, sell, exchange, and even convert bitcoins with/to other fiat and cryptocurrencies. And you only have to start Bitcoin trading here by creating a user account and verifying your identity if you hope to unlock higher trade limits. For the longest time, Bitpanda – which started as a Bitcoin-only platform – only hosted the regular platform. But like most other platforms on our list of the best crypto exchanges 2021, they recently introduced the Bitpanda PRO – dedicated to elite crypto traders. Both platforms, however, remain highly intuitive and quite beginner-friendly. Here is the step-by-step process of buying and selling Bitcoins on the platform.

How to buy/sell Bitcoins on Bitpanda PRO

1: Start by accessing the official Bitpanda website https://www.bitpanda.com/en and creating a user account.

2: Verify your identity and fund your account

3:  Access the Bitpanda PRO user dashboard and clock on the “markets” tab on the upper left corner of the web page

4: From the drop-down menu outline of the different supported crypto crosses, select the Bitcoin pair you wish to trade

5: You will be redirected to the trading page where you can adjust the trade settings by deciding if you want to buy or sell, setting the trade amounts, and choosing to enter into a limit or market order

6: Confirm that the trade details and click trade.

Bitcoin trading fees

Bitpanda stands out from all the other best bitcoin exchanges reviewed here because it is the only trading platform to impose fixed Bitcoin trading fees. Here, bitcoin and other crypto buyers pay 1.49% while sellers pay 1.29% in transaction fees.

Payment methods

We have already mentioned Bitpanda’s other unique feature is its support for the broadest range of payment methods. These include:

How to fund your Bitpanda account using a credit/debit card (web)

1: Start by logging into your Bitpanda account.

2: Click on your user icon on the dashboard and from the drop-down menu, select “Deposit.”

3: Select the type of currency your wish to deposit

4: On the “Deposit method” section, select credit/debit card

5: Enter the amount of cash you want to deposit and the card details

6: Check that these details are correct before authorizing the deposit

Note: The maximum you can deposit via card to a Bitpanda account is €2,500 in 24hrs and €5 million in 30 days. For crypto transfers, the minimum you Bitcoins you can transfer in is 0.001BTC. Deposits above 0.05BTC are free but any amount below this threshold will incur a fixed charge of 0.0001BTC.

How to withdraw funds from Bitpanda exchange (Web)

1: Start by logging in to your Bitpanda user account and on the user dashboard, click on your user icon.

2: On the drop-down menu, select the fiat wallet from whence you want to draw funds and click “withdraw.”

3: Select the payout account. (You will be required to set one up if you haven’t already)

4: Enter the amount of cash you want to withdraw and click on the “Go To Summary” icon

5: Check that the transaction details are okay and click “Confirm.”

6: Check your wallet for the confirmation, email and click on the “Confirm Transaction” icon in the email to authorize the transfer

Note: Bitpanda does not support withdrawals to debit/credit cards and most other digital wallets. You are advised to withdraw to a bank. Bitcoin transfers from the Bitpanda wallet to a third-party wallet are also charged a 0.00049910 BTC transaction fee.

Is Bitpanda safe?

Yes, Bitpanda exchange integrates several highly effective security protocols aimed at keeping the platform safe. And it all starts with verifying all its platform users’ identity to weed out crypto scammers and curb fraud within its ecosystem. It also provides users with a free and highly secure Bitcoin wallet for storing their digital assets.

The withdrawal limits, though expensive for verified users and Bitpanda Plus program members, can be also be considered a security measure as it would reduce the impact of loss in case of wallet breach. Bitpanda Plus users are also free to delink and ban some payment methods from depositing/withdrawing funds from their accounts. These are then enveloped by the strong password created when creating the account. Plus, the mandatory two-factor authentication for all withdrawals.

Customer support

There are several ways of accessing assistance from Bitpanda. You can start by consulting their extensive help center that features a wide range of FAQs as well as how-to and troubleshooting guides. For more personalized queries, reach out to the Bitpanda customer support team by raising a support ticket, sending them an email, or direct-messaging them on the different social media platforms.

Email: support@bitpanda.com

Twitter: https://twitter.com/bitpanda

Facebook: https://www.facebook.com/BITPANDA

LinkedIn: https://www.linkedin.com/company/bitpanda/

5. Crypto.com – Best for Exchange Mobile App

Number of Coins: 25+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Crypto.com

Capital At Risk

Crypto.com ranks highly on the Bitcoin exchange comparison tables for the most revolutionary Bitcoin exchanges of our time. It has leveraged technology to develop a feature-rich exchange that takes pride in deep liquidity, attractively low fees, and the fastest execution speeds. They also have the most advanced bitcoin-trading app that allows buying Bitcoin and numerous other digital currencies at “True Cost.”

It features virtually all the key features of the Crypto.com web trader, including the full-screen exchange, crypto trackers, and the ability to pay from your integrated MCO visa card. Both the Crypto.com app and web trader also provide you with an all-in-one Bitcoin solution that involves an exchange, Bitcoin wallet, and card. Here is everything else you need to know about Bitcoin trading on Crypto.com

Crypto.com Pros and Cons

Crypto.com Pros

  • All in one Bitcoin trading platform
  • Automated Bitcoin processes and fast speeds
  • Lets you earn or borrow against your Bitcoin deposit.
  • Highly advanced trading platform and tools

Crypto.com Cons

  • You need to stake CRO tokens to unlock most app benefits.
  • Sluggish customer support
  • Not regulated or licensed to operate in the UK
  • Not transparent about Bitcoin trading fees

Pros

Cons

Crypto.com features

Full feature mobile app

Crypto.com maintains one of the most sophisticated and feature-rich mobile trading apps. It features a highly advanced bitcoin trading platform with a customizable exchange, supports a handful of payment methods, and the broadest range of Bitcoin crosses.

Crypto.com pro

In addition to the mobile app is the Crypto.com PRO trader hosted on the exchange’s website. The platform is a highly advanced yet easy-to-use user interface and is designed to serve professional traders on the platform.

Coin tracking

On the Crypto.com website, the main menu is the newly introduced “Prices” section. It lets you monitor the real-time price performance of Bitcoin and all other crypto and tokens supported by Crypto.com.

Stake and earn

You can also stake Bitcoins and other digital assets via Crypto.com and stand to earn fixed interests. Cryptocurrencies earn you an interest of 6.5% per annum, while stable coins earn you up to 12% per annum. And if you invest more than 250,000 CRO tokens, you get an extra 2% in fixed interests.

Crypto.com pay

The Crypto.com payment platform is a revolutionary service that lets you pay for goods and services using the Bitcoin balance in your Crypto.com wallet. The process of registering for Crypto.com pay as a merchant or user is relatively easy and straightforward.

Quant trading

Crypto.com also claims to be one of the earliest adopters of quantitative (robotic) Bitcoin trading on their app and desktop exchange. Its trading bots are Artificially Intelligent and embrace machine learning in devising personalized trading strategies and run trades automatically – without human intervention.

Bitcoin trading on Crypto.com

Bitcoin trading on either platform on either Crypto.com exchange involves buying or selling the digital currency with/for another crypto or fiat currency. The user-friendliness of both the crypto.com app and PRO trading platform makes the buy/sell process easy and straightforward. You don’t need to be an experienced crypto trader to buy or sell on the platform. Beginner bitcoin traders using the exchange can always rely on the detailed guides on the platform’s website to learn how to trade and interact with Crypto.com services.

How to buy/sell Bitcoins on the Crypto.com app

1: Start by visiting the official websitecrypto.com to sign up for an account.

2: Create a user account and verify your identity, and complete KYC/AML questionnaires

3: Fund your account

4: On the home page, click on the “Buy” icon, and from the list of supported cryptocurrencies, select Bitcoins.

5: Select Fiat wallet as the preferred payment method

6: Enter the number of Bitcoins you wish to buy and hit the “Buy” button

 7: Confirm that the transaction details are correct and click on “Confirm.”

Bitcoin trading fees and buying limits

Crypto.com maintains competitive Bitcoin trading fees that range from average to low. Some of its services, like sending crypto to an individual on your phone’s contact list via the “Pay Your Friends” feature, are free. The fee structure is, however, quite complicated as it involves a mix of fixed, highly discounted, and maker-taker charges.

Bitcoin trading fees on the app:

Purchasing crypto with credit/debit card – 3.5% + $0.10 fee

Spread for Bitcoin trading on the apps exchange – ranges from 0.08 – 0.20%

Bitcoin trading on Crypto.com PRO exchange:

Charges Maker-Taker fees  based on your 30-day trading volume, but these are then highly discounted depending on how much CRO you have staked on the exchange:

TIER 30-DAY TRADING VOLUME (USD) MAKER TAKER
1 0-250,000 0.10% 0.16%
2 250,001-1,000,000 0.09% 0.15%

But if you stake 10,000-49,999 CRO tokens, you get to enjoy a 20% off the maker-taker fees. It’s 40% off if you stake between 50,000-99,999 CRO tokens and 60% off if you stake more than 100,000 CRO tokens.

Payment methods

Crypto.com supports a limited number of deposit and withdrawal methods, including:

The supported fiat currencies that you can deposit into the exchange are AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD, and ZAR.

How to fund your Crypto.com account via Bank

1: Start by logging in to your Crypto.com app and tap on the “Home” button on the bottom left corner of the screen.

2: Click on “Fiat wallet.”

3: On the next page, click on select the  “Transfer funds from your bank to buy crypto” option

4: Click on the “+ Set up new currency” button.

5: From the list of supported Fiat currencies, select the fiat currency that you wish to use when funding your account and agree to the exchange terms and conditions.

6: You will be provided with bank account info that you can use to transfer funds directly to the app through the SEPA network.

7: The app will notify you when the funds are available for use.

Note: Bank deposits into the Crypto.com app are free, but bank handling fees may apply. Crypto deposits to your Crypto.com wallet are also free.

How to withdraw funds from Crypto.com

1: Start by logging into your crypto.com app and clicking on the “Home” button on the bottom left corner of the screen.

2: Click on the “Fiat Wallet” and select the “Transfer funds from your bank to buy crypto” option on the next page.

3: The app will display your account balance, click on the fiat currency you want to transfer, and select the “Withdraw” option

4: Confirm that the transaction details and click on the “Withdraw Now” button

5: Enter the amount of cash you wish to withdraw and the bank account to send the funds to

6: Confirm that the details are okay and click the “Withdraw Now” button to authorize the transfer

Note: Withdrawals to the bank from Crypto.com are free. But it may take between 5 and 7 days for the funds to reach your account. Bitcoin transfers to a third-party wallet will, however, attract a 0.0004BTC charge.

Is Crypto.com Safe?

Crypto.com is not a regulated exchange, and so your funds aren’t insured by FSCS. But it embraces a host of security and safety measures aimed at keeping your digital assets safe. For instance, all your app deposits are insured with a $100 million cover and stored in ultra-secure offline vaults. It employs client-side encryption for outgoing traffic and allows you to set two-factor authentication for your accounts.

Customer support

Crypto.com provides its clients with a number of ways that they can use to access help and assistance. These include a live chat option on both the app and website, support tickets for email correspondence, and direct messages on different social media platforms. But they are still quite sluggish in responding to client queries on all these platforms.

Twitter: https://twitter.com/cryptocom

Discord: https://discord.gg/nsp9JTC

Reddit: https://www.reddit.com/r/Crypto_com/

Facebook: https://www.facebook.com/CryptoComOfficial

6. Binance – Best for Liquidity

Number of Coins: 1500+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Binance

Capital At Risk

Different studies and surveys that compare bitcoin exchanges have continually considered Binance to be the largest and most liquid exchange in the world. It is also one of the oldest and the most reputable Bitcoin trading platforms around. Binance is an industry leader on many fronts, which ensures it features prominently on any list of the best bitcoin exchanges. For instance, it maintains some of the lowest bitcoin trading fees and presents users with some of the highest Bitcoin crosses.

It also allows for Bitcoin trading on more platforms than most other popular bitcoin exchanges in Europe. More importantly, its founders are amongst the most vocal prominent figures in the push for and embracing the regulation of the best Bitcoin exchanges. It is also one of the few Bitcoin trading platforms where you can buy and sell both actual Bitcoins and such derivatives like Bitcoin CFDs.

Binance Pros and Cons

Binance Pros

  • High liquidity
  • Maintains the most competitive Bitcoin trading fees
  • Multiple bitcoin trading options
  • Fastest transaction processing speeds

Binance Cons

  • No bitcoin to fiat exchange on the primary exchange
  • Not a beginner-friendly exchange
  • No phone support and delayed response on Live chat
  • No anonymous bitcoin trading

Pros:

Cons:

Binance features

Multi-platform exchange

Binance presents you with multiple ways of trading bitcoins. You can choose to trade on their main exchange, their full-feature mobile trading app, over-the-counter platform, a peer-to-peer exchange, the Binance API, or the CFD trading platform.

Binance Card

Binance recently introduced the ultra-secure Binance VISA card that you can use to withdraw cash from ATMs or pay for goods and services in Bitcoin-friendly shops worldwide.

Binance earn program

As crypto savings plans grow popular with most exchanges, Binance introduced their Binance EARN version. It is a savings program that allows you to stake Bitcoins and other cryptos/stable coins and earn interests of up to 7.49% APY.

Bitcoin derivatives and leverage trading

We have already mentioned that Binance is one of the best bitcoin exchanges in the UK where you can buy both real Bitcoins or trade Bitcoin CFDs. And CFD traders in the UK get to enjoy leverages of up to 2X of their trading equity.

Bot trading support

Binance is also heavy on trade automation. They have made it possible for you to integrate your Bitcoin expert advisor (trading bot) into their exchange.

Bitcoin trading on Binance

There are multiple ways of interacting with Bitcoins when using the Binance exchange. The most popular involves exchanging the crypto for another crypto on the main exchange or buying, selling, and converting it to crypto or fiat currencies on their mobile app.

Binance has also gone ahead and introduced a P2P platform where you can trade, buy, and sell bitcoins from other Binance platform uses while interacting directly with one another. There is also the Bitcoin CFDs trade that allows you to go long or short on the digital currency while trading on margin.

How to buy/sell Bitcoins on the Binance exchange

1: Start by accessing the official Binance website https://www.binance.com/ and creating a user account.

2: Verify your identity by providing the exchange with a photo of your ID and proof of address

3: Fund your crypto account

4: Once logged in, click on the “Exchange” tab on the main menu and choose “Basis or Advanced” trade set up

5: On the user dashboard, click on the favorites icon and select Bitcoins as the base currency

6: You will now be presented with a list of tradable Bitcoin crosses. Select the Bitcoin pair you would like to trade

7: You will be redirected to the trading page where you set such trade parameters whether to trade at the market or limit order, the number of coins to spend and the stop loss level.

8: Click the “Buy BTC” icon if going long or “Sell BTC” if shorting the trade.

9: Your trade will now appear under the “Open Order” section of the “Transaction History” tab

Bitcoin trading fees

Binance imposes maker-takers for Bitcoin trades on its exchange. The rates are graduated and largely determined by your 30-day trading volume or how much BNB (Binance Coins) you own. Here are the Bitcoin trading fees on the platform:

LEVEL 30-day trade volume (BTC) BNB Holdings Maker Taker
General < 100 BTC or ≥ 0 BNB 0.1000% 0.1000%
VIP 1 ≥ 100 BTC ≥ 50 BNB 0.0900% 0.1000%
VIP 2 ≥ 500 BTC ≥ 200 BNB 0.0800% 0.1000%
VIP 3 ≥ 4500 BTC ≥ 1000 BNB 0.0700% 0.0900%
VIP 4 ≥ 10000 BTC ≥ 2000 BNB 0.0600% 0.0800%
VIP 5 ≥ 20000 BTC ≥ 3500 BNB 0.0500% 0.0700%
VIP 6 ≥ 40000 BTC ≥ 6000 BNB 0.0400% 0.0600%
VIP 7 ≥ 80000 BTC ≥ 9000 BNB 0.0300% 0.0500%
VIP 8 ≥ 150000 BTC ≥ 11000 BNB 0.0200% 0.0400%

Note: If you chose to pay the transaction fee using BNB coins, you will be given a 25% discount

Payment methods

Binance supports a wide range of payment methods, including:

How to fund your Binance exchange account using a Credit card

1: Start by logging in to your Binance account and on the main menu, click on the “Buy Crypto” tab and select “Credit/debit card” from the drop-down menu.

2: On the deposit page, enter the amount of money you wish to deposit and tap the “Pay with new card” button

3: Enter the card details like number and billing address

4: Click on the “Pay Now” tab to authorize the deposit

Note: The minimum you can deposit is $15. The deposit is free, but the card provider may charge transaction-processing fees.

How to withdraw funds from Binance exchange

1: Start by logging into your Binance account and click on the “Wallet” tab in the upper-right corner of the user dashboard.

2: From the drop-down menu, click on “Fiat and Spot.”

3: On the withdrawal page, select the fiat currency you wish to draw from the account

4: Chose the bank account to whence the monies will be deposited and enter the amounts you wish to withdraw

5: You will receive a google authentication code on your authenticator app. Type it on the withdrawal page

6: Click the “Submit” bar to authorize the withdrawal.

Note: Bitcoin transfers from Binance to a third party are charged a flat rate of 0.004 BTC per transaction.

Is Binance Safe?

In May 2019. Binance experienced a major breach with hackers making away with over 7,000 Bitcoins (valued at $40 million at the time). Since then, the largest crypto exchange has embarked on fortifying its platform’s integrity and ensuring another hack never materializes.

They, for instance, store client deposits in cold storage, partner with only the most secure Bitcoin wallets, demand identity verification and made two-factor authentication mandatory for all withdrawals. More importantly, they have insured their UK clients with a free cover of up to $50,000.

Customer support

There are four primary ways of accessing support from Binance. One, you can choose to consult their elaborate help center that hosts a wide range of FAQs and blogs as well as How-to and troubleshooting guides. Alternatively, you can choose to raise a support ticket. Thirdly, you can interact with their agents via the live chat feature on the website and mobile app. And lastly, you may direct message them on the official Binance social media handles.

Twitter: https://twitter.com/binance

Telegram: https://www.binance.com/en/community

Discord: https://www.reddit.com/r/binance

Facebook: https://www.facebook.com/binance

7. Changelly – Best for Buying Bitcoin With Fiat

Number of Coins: 200+
Margin Trading: YES
Minimum Deposit: 20 $£€
Visit Changelly

Capital At Risk

Changelly has been around since 2013, started by Bitcoin mining pool – Minergate. However, it didn’t gain much traction until 2016, when it sought independence and set out as a stand-alone bitcoin exchange. In the last five years, its popularity among beginner traders has soared as it attracted more than 2 million regular platform users across the world. Changelly is now considered one of the best Bitcoin exchanges for those who want to trade anonymously. Changelly is also considered one of the best Bitcoin Exchanges when it comes to simplicity.

Most are drawn in by its easy onboarding process, straightforward bitcoin trade, competitive flat rate fees, and accessibility.  All these factors played a key role in ensuring the platform makes it to our list of the best bitcoin exchanges for beginners. We look at how bitcoin trading on Changelly works next. But first, we highlight the pros and cons.

Changelly Pros and Cons

Changelly Pros

  • Anonymous bitcoin trading
  • Never been hacked
  • Affordable Bitcoin trading fees
  • Beginner-friendly

Changelly Cons

  • Low liquidity on Changelly PRO
  • Limited trading tools and analytics on PRO
  • Bitcoin transaction processing can be slow at times
  • No phone support

Pros

Cons

Changelly Features

Changelly PRO

In July 2020, Changelly launched their professional and institutional trading arm – the Changelly PRO exchange. Some of its key selling points include a are a feature-rich yet highly intuitive trading terminal and a multi-currency wallet. It is designed to serve the elite Bitcoin traders and institutional investors.

Changelly app

In addition to the Changelly PRO trading platform, there is the full feature and equally intuitive mobile app. It mirrors the features and beginner-friendliness of the Coinbase web app. But in addition to the trading platform, the app provides you with highly secure wallet addresses for storing your Bitcoins.

Changelly EARN

Changelly runs an affiliate program that allows its current platform users to generate extra income when they recommend friends and acquaintances to the exchange. The bitcoin exchange provides its affiliate program participants with links to share or paste in their blogs and tools for tracking conversation and earning rates. They are also generous as they share as much as 60% of crypto-to-crypto and fiat-to-crypto exchange revenues with these affiliates.

Changelly API

You don’t always need to log in to your Changelly user account to buy, sell, and convert crypto. Changelly provides you with different API tools to infuse into your wallets to facilitate instant crypto exchange.

Bitcoin trading on Changelly

At Changelly, you can either buy, sell, or convert Bitcoins. The exchange nevertheless supports both fiat-to-crypto and crypto-to-crypto exchanges. It is highly versatile as it makes it possible to buy Bitcoin with virtually any international Fiat currency. Similarly, you can sell Bitcoin holdings for almost every fiat currency in the world or stable Coins.

These buy, sell, and conversion services are offered on the Changelly website, Changelly mobile app, and through the Changelly developer APIs. Changelly PRO, on the other hand, facilitates the trade of different Bitcoin crosses and allows you to long or short these bitcoin pairs. You are also free to apply for leverages of up to 2X your bitcoin trading equity. Here is the step-by-step guide on how to buy Bitcoins o Changelly:

How to buy Bitcoins on Changelly (Web)

1: Start by opening the official Changelly website and creating a user account. You only need to enter a valid email, and the exchange will email you the account password.

2: On the Changelly home page, click on the “Buy” icon

3: Chose the Fiat currency you wish to use, and the amount of cash you wish to spend on the “You Send” section and select BTC on the “You Receive” section, and click on “Buy BTC Now.”

4: On the buy page, choose your preferred payment method from the menu column to the left and your preferred trading platform on the right, the preferred trade fulfillment platform (can be simplex, Moonpay, Banxa, Indacoin, etc.)

5: On the next page, enter your Bitcoin wallet address where the coins will be deposited and click on “Go to payment.”

6: You will be redirected to the trading platform’s page to complete the transaction

Bitcoin trading fees and buying limits

Changelly embraces a flat rate fee model where you incur 0.25% for every transaction on the platform. While most people have hailed this as a competitive fee for low volume trades, it is considered excessive by high volume traders and institutional investors.

Changelly PRO, on the other hand, embraces a graduated maker-taker fee model with charges starting from as low as 0%.

Trading level 30-day trade volume Maker  Taker
1 ≥ 0 BTC 0.1% 0.1%
2 ≥ 5 BTC 0.09% 0.1%
3 ≥ 10 BTC 0.08% 0.09%
4 ≥ 50 BTC 0.075% 0.085%
5 ≥ 250 BTC 0.07% 0.08%
6 ≥ 500 BTC 0.06% 0.08%
7 ≥ 1000 BTC 0.04% 0.06%
8 ≥ 5000 BTC 0.03% 0.06%
9 ≥ 10000 BTC 0.02% 0.06%
10 ≥ 20000 BTC 0.01% 0.05%
11 ≥ 50000 BTC 0% 0.04%
12 ≥ 100000 BTC 0% 0.03%

Payment methods

Changelly supports an extensive range of payment methods, including:

Note: Changelly does not hold on to client funds and, therefore, doesn’t accept deposits. Changelly PRO, on the other hand, is a pure crypto to crypto exchange that does not accept Fiat deposits. We only list the three payment methods because they are the most popular with the third-party exchanges that Changelly connects you with.

Is Changelly Safe?

Yes, Changelly is safe by virtue of the fact that they don’t store your funds. Changelly PRO, on the other hand, presents you with an ultra-secure bitcoin wallet that is two-factor enabled. Additional security features embraced by both Bitcoin trading platforms include email confirmations and whitelisting both the website and emails to eliminate phishing attacks.

Customer support

As we have already mentioned, Changelly doesn’t have phone support. But their team is available via the live chat feature on both the website and mobile app. You can also raise a support ticket or direct message them on social media. For general queries, consult their elaborate help center.

Twitter: https://twitter.com/changelly_team

Telegram: https://t.me/changelly

Reddit: https://www.reddit.com/r/Changelly/

Facebook: https://www.facebook.com/changellyteam

8. Luno – Best for Bitcoin Wallet

Number of Coins: 5+
Margin Trading: No
Minimum Deposit: 10 $£€
Visit Luno

Capital At Risk

When we compare bitcoin exchanges, Luno comes off as one of the best bitcoin exchanges in the UK. It is also one of the oldest and most reputable. It started in 2013 in South Africa and went on to become the largest (by trade volume) and the most popular bitcoin exchange in the country. In September 2020, Luno was acquired by Digital Currency Group (DCG) enterprise – a UK-based blockchain and cryptocurrency investment company. It is a crypto-to-crypto and fiat-to-crypto exchange that is available as a web trader and mobile app. Plus, it provides its clients with a free and ultra-secure bitcoin wallet. Here is everything else you need to know about Bitcoin trading on Luno.

Luno Pros and Cons

Luno Pros

  • Fee-free Bitcoin transfers
  • Speedy transaction processing
  • Intuitive user interface and easy onboarding
  • All in one bitcoin solution

Luno Cons

  • Low liquidity
  • Limited Bitcoin trading pairs
  • Charges deposit fees
  • No anonymous bitcoin trading

Pros

Cons

Luno Features

Multiplatform exchange: Luno is a multiplatform exchange in that it is available as a web trader, mobile trading app, and API. Both the web and mobile trading platforms are feature-rich and integrate numerous trading tools and technical indicators, including Pro Charts, depth analysis, order books, and even price alerts. The API, on the other hand, makes it possible for you to trade bitcoins through Luno, without necessarily logging into your Luno account. You can, for instance, integrate it into your third-party wallet for instant order executions.

Luno Wallet: The crypto exchange platform also presents you with a free and ultra-secure Bitcoin wallet. It is custodial and Luno ensures that more than 95% of their client funds are in “Deep Freeze” (stored in cold storages) to minimize exposure in case of a system breach.

Luno Business: Luno Business is a program by the bitcoin exchange that targets high net worth and institutional bitcoin traders. It seeks to draw them into using Luno exchange by enticing them with secure custody of coins, sophisticated API functionalities, advanced charting tools, low fees, and expanded trading limits.

Bitcoin trading on Luno

On the Luno exchange, you are free to trade bitcoins against other supported cryptocurrencies, stable coins, and supported Fiat currencies. Both the web trader and the Mobile app host a similar number of trading pairs. And when trading on the platform, you can choose to go long or short the Bitcoin pair. Here is the process of trading bitcoins on the Luno platform

How to buy/exchange Bitcoins on Luno exchange

1: Start by accessing the official Luno website https://www.luno.com/ and creating a user account.

2: Verify your identity and answer their KYC/AML queries

3: Fund your account

4: Click on the exchange tab and on the Luno trading terminal, tap on the “Markets” icon on the far left column of the trading view window

5: Click on BTC and from the list of supported bitcoin crosses, select the Bitcoin pair you wish to trade

6: You will be redirected to the Trading view window to adjust the trade parameters. Decide if it is a limit or market order, decide on the amounts of cash you want to trade, and if you want to long (BUY) or short (SELL) the trade

7: Click on the “Buy BTC” button to complete the transaction

Bitcoin trading fees and buying limits

When we compare Bitcoin exchanges, Luno maintains some of the most competitive Bitcoin trading fees. They don’t charge maker fees, while the taker fees on the platform start from 0.03%. The fee is graduated and based on your tier level, which is, in turn, based on your 30-day trading volume (expressed in EUR). Here are the taker fees:

TIER 30-day Trading Volume Taker fees
1 <EUR 249,999.99 0.10%
2 EUR 250,000.00 – EUR 499,999.99 0.09%
3 EUR 500,000.00 – EUR 999,999.99 008%
4 EUR 1,000,000.00 – EUR 1,999,999.99 0.07%
5 EUR 2,000,000.00 – EUR 3,999,999.99 0.06%
6 EUR 4,000,000.00 – EUR 7,999,999.99 0.05%
7 EUR 8,000,000.00 – EUR 15,999,999.99 0.04%
8 >EUR 8,000,000.00 – EUR 15,999,999.99 0.03%

Payment methods

Luno exchange supports several payment processing methods, including:

How to fund your Luno exchange account

1: Start by logging into your Luno exchange and select Wallets from the main menu

2: Choose your local currency wallet

3: Chose the “Deposit” option

4: Chose to deposit via debit or credit card

5: On the deposit page, enter the amount you wish to deposit and such card details as the name and card number

How to withdraw funds from Luno exchange

1: Start by logging in to your Luno exchange account  and clicking on the “Wallets” tab

2:  Select the currency you wish to transfer and tap “Withdraw.”

3: Add the details of the bank account you want to deposit funds to

4: You will receive an authentication code in your authentication app

5: Key the code on the withdrawal page and follow the screen prompts to complete the withdrawal

Is Luno Safe?

Yes, Luno has put in place effective security measures to deter any attempt at compromising the security of the exchange. For instance, it stores 95% of the client deposits in cold storage and makes two-factor authentication mandatory for all withdrawals. Platform users are also required to set a strong password for their Luno account and verify their identity. These measures have ensured that, despite being around for over eight years, Luno has never been hacked.

Customer support

There are three primary ways of accessing help when using Luno exchange. One, you may consult their highly elaborate help center for troubleshooting and how-to guides. You can also raise a support ticket through the “Report Suspicious Activity” feature in the help center. Or you can simply direct message them on their official social media platforms.

Twitter: https://twitter.com/LunoGlobal

LinkedIn: https://www.linkedin.com/company/lunoglobal

Facebook: https://www.facebook.com/luno

So Which is the Best Bitcoin Exchange?

The last decade has witnessed an unprecedented creation of Bitcoin exchanges all across the world. There are currently thousands of Bitcoin Exchanges in the world, And they all compete to provide the same services – help you buy, sell, and exchange bitcoins. But they have adopted different strategies and availed different tools packaged in rather diverse platforms, which makes choosing the best bitcoin exchange difficult. But we have highlighted some of the key factors that you should consider when you compare the best bitcoin exchanges. We have also reviewed what we consider the eight best Bitcoin exchanges in Europe today. There are many factors an investor should consider depending on availability in a certain country, fees, verification methods, and of course which coins are supported.

Frequently Asked Questions (FAQs)

In any of these exchanges, you will first have to create a user account with the exchange, fund the account, and use your account balance to buy real bitcoins or trade bitcoin derivatives.

Yes, most regulated Bitcoin exchanges operating in the UK and licensed by the FCA will require you to verify your identity before you can start trading. The few that don’t will often limit your interactions with the platform by – for instance – limiting how much BTC you can deposit, trade, or withdraw.

If the exchange doesn’t provide you with your Bitcoin private keys or a bitcoin wallet, you are most likely to deal with a Bitcoin CFD trader like eToro.

There is no standard Bitcoin trade processing time. How long it takes will largely depend on the Bitcoin network traffic and your preferred exchange’s transaction processing speeds.