Cryptocurrency Exchanges Review
This Cryptocurrency Exchanges review looks at a number of exchanges, with specific reviews further below.
Australian
CoinSpot: https://www.coinspot.com.au
CoinJar: https://www.coinjar.com
International
Coinbase: https://www.coinbase.com
Cryptopia: https://www.cryptopia.co.nz/
If you feel you simply have too much in any exchange, you need to transition to having your own wallet. Cyrptocurrency wallets can be desktop wallets or offline wallets. Having cryptocurreny in a desk top wallet is more secure than having it in an exchange, and to be 100 per cent safe you can back up your cryptocurrency and store it completely offline (just don't lose your trezor or ledger).
Cryptocurrency Exchanges Review
CoinSpot
Buy and sell bitcoin and more than 50 cryptocurrencies with AUD. You can purchase with cryptocurrency or with Australian dollars and enjoy free withdrawals to your bank account on this popular exchange.
The main reason CoinSpot is so popular among Australians is because it’s local. That means Australians can make fast exchanges, and avoid transfer and currency exchange fees to get much better value for money on CoinSpot than elsewhere. Plus, it’s well-established, having been founded in 2013.
CoinJar
Coinjar is an all-in-one platform for buying, selling and managing bitcoin. You can make deposits to CoinJar, or simply link your bank account to your CoinJar account to easily tap into the bitcoin network anywhere, at any time.
With CoinJar you can get a bitcoin wallet, a competitively priced exchange and a $0 international money transfer system on your phone.
Coinbase
Coinbase offer USD to BTC trading and have publicly stated their plans to add other pairs as and when banking arrangements in other jurisdictions are secured. With the seamless integration of wallet and exchange features coinbase has rapidly increased its trading volume and provides decent liquidity on low spreads.
Coinbase has extremely good security practices coupled with insurance on deposits. They have also raised over 100 million USD in funding, providing them with a solid capital foundation. Over 97% of funds are kept offline in cold storage USB's or paper wallets. Two factor authentication is required on all accounts as well as other procedures such as SQL injection filters to halt bug attacks - they are an industry leader.
Trading fees are the standard model of paying to take liquidity out of the orderbook and is set to 0.25%.
CEX.IO
CEX.IO is a solid cryptocurrency platform. CEX.IO is a London-based exchange founded in 2013 that lets you buy, sell and trade cryptocurrencies. In a sea of competitors, CEX.IO’s claim to fame is that it allows withdrawals to credit cards.
Exchange rates on CEX.IO are based on the platform’s market activity. Traders on CEX.IO buy and sell bitcoin at the same time that exchange rates fluctuate.
Though the exchange rate can change, you’ll typically find that it’s within 0.5% to 2% of the mid-market rate — or the rate banks and transfer services use when the trade among themselves. Overall, CEX.IO’s exchange rate is reasonable compared with other bitcoin exchanges.
Cryptopia
Cryptopia's focus is on a better user experience for clients. In order to make cryptocurrencies more accessible to everyone we provide mining pools, marketplace, exchange services and a support framework for each coin listed.
They are trying to cover multiple angles and have diversified their offering with the following sub categories:
Marketplace: The Cryptopia marketplace lets you sell anything, to anyone, anywhere in the world in exchange for cryptocurrency. Buy/Sell items free of charge or setup an Auction or classified listing and start using your crypto today.
Mineshaft: The Cryptopia Mineshaft is a streamlined and easy to use mining platform for cryptocurrencies. Supports all miners from single CPU or GPU users to full blown ASIC masters.
Exchange: The Cryptopia exchange is a quick easy way to convert your crypto. Whether it be for paying bills, buying something from the Cryptopia marketplace or you simply love to collect virtual coins.
Cryptopia's BlockExplorers allow you to view detailed information on all transactions and blocks. Track your crytpo payment every step of the journey for your peace of mind. This Cryptocurrency Exchanges review (at the time of writing) rated Cryptopia highly.
This is my opinion based on my research. I am not a financial adviser and always encourage people to do their own independent research before investing.