Top 5 Cryptocurrency Exchanges - March 2018

Since the popularity of bitcoin, people have become quite familiar with the concept of cryptocurrency. Not only are they familiar with digital currency, many have actually invested in digital currency to transfer their money to a denomination that is not regulated by any central bank or other regulatory body.

While the concept of cryptocurrency existed even before, Bitcoin helped in popularising the concept. Not only did people become familiar with the concept, which created demand, it also resulted in other cryptocurrencies emerging in the market. This means that you can not only exchange your digital currency for other goods and services but also for other cryptocurrencies.

This is why it is important to know what the best cryptocurrency exchanges are so that you can be sure of getting the best rate. Here are our top picks:

1. For those looking for the lowest rates: Binance (https://www.binance.com)

Largest exchange by trade volume, its main focus in the Chinese market and it comes in two versions: basic and advanced. However, none of these are user friendly so expect some degree of learning curve when you begin using this website. However, this is the best choice for those looking for very low trading fees and ideal for those who would be doing a lot of trading. It also offers great customer support.

2. The Popular Choice: Bittrex (https://www.bittrex.com)

US-based, Bittrex is available worldwide and offers three types of accounts: unverified, basic and advanced. This makes it ideal for those who want to try out its services without registering first and this might be the reason behind its popularity. It has a lot of advanced features for serious traders and has an air-tight security protocol.

3. For those who like it easy: Changelly (https://changelly.com)

This is the easiest exchange to use because it has made it the sign up process as easy as possible. Moreover, the interface is quite user friendly as well.

4. For the bargain hunters: Cryptopia (https://www.cryptopia.co.nz)

This is the exchange for those looking to buy extremely cheap altcoins. It is also easy to sign up for this exchange and allows you to buy Bitcoin using fiat currency.

5. For the professional: GDax (https://www.gdax.com)

Based in US, this is the exchange designed for professional traders. This site is developed by the people of Coinbase and signing up on GDax is much easier if you first make an account on Coinbase.