Exchanges Overview

Beneath you will find an overview and rating of several exchange platforms and their features.

We seperated them into two groups: centralized and decentralized. Decentralized exchanges are more secure compared to centralized ones, as you own the "SEED" or private key to your wallet which stores your cryptocurrencies. This means that your cryptocurrenceis aren't "stored" on the exchange but on your device. In case you loose your device, you can only recover your cryptocurrencies with your "SEED" or private key. 
Decentralized exchanges might be easier to access as they require only a password, but they are also less secure, because they "own" your cryptocurrency and you don't have a "SEED" or private key. In case an exchange would collapse (due to fraudulent activity), your cryptocurrency might be lost forever, because you never really possessed it. 

We highly recommend to use DEX if possible and to not leave any cryptocurrencies on any exchanges for the long term.


Centralized Exchanges

 
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Binance

Binance allows you to trade nearly all cryptocurrencies with Bitcoin and Ethereum. Deposits are free, trades have a 0.1% fee and withdrawal fees depend on the specific coin
It takes a while to get familiar with the user interface. Binance is currently one of the most popular exchange platforms. Next to Kucoin and Coss, this exchange gives a certain amount of the fees back to the users of the platform

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Bittrex

Bittrex was one of the first big players in the cryptospace. It has a lot of coins that can be exchanged for Bitcoin. The user interface is more clear compared to other exchanges. Withdrawal fees depend on the specific coins. All trades cost 0.25% (comission). It is one of the most popular exchanges, albeit being centralized and gotten hacked twice.

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bitfinex

Bitfinex is one of the few exchanges, that allow deposits in USD. Although it has only a few coins listed, many of them are hard to find on other exchanges (like IOTA). It is very secure, hence withdrawals take more time than on other exchange platforms. Trades cost 0.1-0,2% and withdrawal fees depend on the coin. Lately Bitfinex didn't allow US Customers to trade anymore and had several problems and issues.

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Kucoin

One of the most attractive exchanges right now. It has a very interesting referral program and gives 50% of the transaction fees back to tokenholders and up to 40 % back to referrals of token holders (90% goes back to the users). Although it has only a few coins listed due to being very new to the space, these coins can't be bought on other exchanges. Trading fees are 0.1 % and withdrawal fees can be seen here.

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Poloniex

Poloniex is made for more advanced traders. It was used a lot back in the days, now it seems to loose market space to other exchanges. 
Fees can be 0.05% until up to 0.25%, depending on the amount. 

 

 

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COSS

Coss is a direct alternative to the kucoin exchange platform. It does have a less high trading volume and some other disadvantages like no payback of fees like kucoin (40%). On the other hand, it charges no flat fees but a variable fee based on trading volumes. 
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Decentralized Exchanges

 
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Forkdelta

Forkdelta is one of the first decentralized exchanges on which you can trade several ERC 20 tokens, based on the Ethereum network. Because it is decentralized, you can trade here on real time with a minimum of transaction and withdrawal fees. However, due to its decentralization, congestion and troubles with transactions not being broadcast can occur. 

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NEX

Nex is a cross-chain decentralized cryptocurrency exchange based on NEO. It allows you to trade all tokens based on NEO and Ethereum, which makes it one of the most advanced decentralized exchanges out there. In addition it also has a wallet extension that can easily be added to your browser, which makes it much easier to use. 

 

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WAVES DEX

Waves DEX is a great decentralized platform to exchange the main cryptocurrencies like BTC, ETH, LTC. It doesn't have to many cryptocurrenies listes at this time, but it has the option to buy cryptocurrencies via a SEPA wire bank transaction. This is unique for a decentralized exchange!

coming soon:

altoin.io, a combination of a centralized user interface with all the security features of a decentralized exchange. Based on plasma, a smart contract based on Ethereum, it aims to be a truly decentralized exchange that trades assets through multiple blockchains but with its users having full control over their assets. Plasma is based on something called PoA, proof of Authority.

More Info