Best Bitcoin Exchanges in 2017

Best Bitcoin Exchanges in 2017

Victor Romain, for

Poloniex was once the best cryptocurrency exchanges. Why was it once one of the best and not one of the best now?

Recently customers have been migrating to Bittrex following reports of withdraw problems on Poloniex.

Nevertheless, Poloniex has been through extremely fast traffic growth since the demise of its rival Cryptsy in 2016, and especially since the recent altcoin bubble of early 2017.

Traffic has grown from 7 million monthly visits in February 2017 to 30 million in May 2017. Poloniex has the nicest trading interface out there, both for mobile and desktop users this will work wonders.

Please note that because Poloniex is a pure “crypto” exchange, it is not possible to deposit government (fiat) currency.

You’ll need to first buy bitcoin elsewhere, and then deposit it to be able to trade.



Coinbase combine an attractive interface, a great site to get bitcoins with a debit card, and multiple online wallets for your digital currency. Over 4,800,000 users are signed up, including 45,000 merchants, and 9000 developer apps. Works well for European, American, & Canadian customers. I’ve also written a comprehensive Coinbase review for more detail.



Localbitcoins is quite a popular for p2p (person to person) transactions all over the world. Simply put, you interact directly with the guy selling to you. Out of all the bitcoin sites listed here, this is one of the first and most reputed. The site provides escrow and dispute resolution.



CEX is one of those international bitcoin exchanges accepting euros, British pounds, US dollars, Russian Rubles, Ethereum, Zcash, and Dash. Needless to say, CEX is very popular within those currency regions.

There is a no-nonsense landing page, giving you the option to buy or sell 100, 200, 500, or 1000 USD worth of Bitcoin.

I like the transparency given to users about how much they will actually pay – even before they sign up.

It has good security practices, a modern and simple user interface, and both bank transfer and credit card purchases are available. CEX is indeed a good beginner-optimized alternative to Coinbase.

Read the comprehensive Cex review for more details including fees, verification, and security.



Kraken is becoming a reputed bitcoin broker, with many markets served. Europeans love it just as much as Americans because they work well through SEPA, have an easy verification process, and are very knowledgeable when it comes to cryptography and security.

As of early 2017, this platform has been re-positioning themselves as a crypto exchange by adding multiple new altcoins. Update: I’ve written an in-depth Kraken review with everything you need to know.



Bisq (aka “Bitsquare”) is not to be missed for the more technically advanced.

A decentralized p2p platform that keeps you super safe. Over 60 cryptocurrencies can be traded and you can even purcahse btc using a bank transfer, escrow, & trusted 3rd parties.



GDAX is great for technical traders and offers good liquidity. Deposits are in USD and can be processed just as rapidly as withdrawals.

It also happens to be the best ethereum exchange for serious players in this space.



Bitstamp is big in Europe and, since 2011, have moved from Slovenia, and the United Kingdom in search of sound regulatory environments. Good volumes are available for larger trades.

Well received by people using SEPA and credit cards. Both euro and US dollar deposits are accepted. I like Bitstamp because they really focus on being a pure bitcoin-only exchange (update: since early 2017 Bitstamp have started adding popular cryptocoins).



Etherdelta is a recent addition to my list. You absolutely have to check this decentralised exchange (DeX) out.

Created by developer Zack Coburn in 2016, Etherdelta has become the community’s favourite place to trade Ethereum ICO tokens without using custodial accounts or centralized services.

More than 325 ERC20 tokens are listed. Daily trading volumes are respectable for the most popular ICO coins.

Using this DeX requires the Metamask Chrome browser extension.

The best part is that your money is always under your control. Such infallibility comes from the storing of all personal funds in smart contracts – over which only you have control of the private keys.



Paxful get over 2 million monthly visits, with 50% originating from the USA. It’s a peer to peer Bitcoin marketplace connecting buyers with sellers similar to the one above. Over 150 payment methods can be used. Impressive.


Cons provides a global map of bitcoin ATMs. This allows you to use cash to buy in person at a physical machine. This is one of the most underrated means of purchasing with no verification of ID, and allows users to stay anonymous with over 869 ATMs spread over each continent.


Cons is a popular site for buying bitcoin or ether from those far-out tricky countries that are not accepted by the larger exchanges. Note that users cannot sell back to the site – only buy.


Cons is the leading bitcoin margin trading site. Users can trade cryptocurrency derivatives with up to 100x leverage. Pairs include BTC/USD, Yen, Monero, Ripple, Dash, and Ethereum.

Bitmex CEO Arthur Hayes has used his experience as an equity derivatives trader for Deutsche Bank to design, build, and maintain exactly the type of platform that users are looking for. Granted that this platform is for experienced and seasoned traders.

Beginners should avoid trading coins here without knowing the implied volatility risks.



We hope that this list will be of help to you and good luck with your cryptocurrency trading. Remember – never trade with more than you can comfortably afford. Trades can go down, as well as up. 

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