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Bitcoin is no longer just a cryptocurrency for tech enthusiasts. It’s become a household name with a market capitalization that has reached well over $1 trillion at its peak. It’s insane, I know. Its price grew by around 150% compared to the previous year in early 2024!
Are you thinking of buying Bitcoin but are not sure which is the best Bitcoin exchange to buy it from? Should you pick big names like Binance, Kraken, and Bybit? Or are there any hidden gems waiting to get discovered? Don’t worry, I’ve got you covered!
In this guide, I am going to compare various Bitcoin trading platforms to help you determine which is the best Bitcoin exchange for you to use. Here are the exchanges I will cover:
- Kraken - Buy BTC Safely With Strong Security Measures
- Coinbase - A Great Exchange to Buy Bitcoin for Beginners
- Gemini - Highly Regulated BTC Exchange
- CEX.IO - Finalize Orders Instantly With Fill-or-Kill
- Coinmama - Simple, Secure, and Available in 190+ Countries
- Poloniex - Advanced Bitcoin Trading with Futures & Margin
- Bitstamp - One of the Oldest BTC Exchanges Powered by Robinhood
- Crypto.com - The All-In-One Crypto Exchange
- Robinhood - A Commission-Free Investment Platform
I will compare the exchanges on various key factors, including user-friendliness, security, features, and more.
So, without further delay, let’s get started!
1. Kraken - Buy BTC Safely With Strong Security Measures
Ranks #1 out of 9 Crypto Exchanges.jpg)
- + Secure and reliable
- + Accepts fiat currencies
- + Lots of trading options
- + 24/7 customer support
- + Opt-in staking
- - Relatively high fees
Founded in 2011 by Jesse Powell, Kraken is one of the oldest and most popular Bitcoin exchanges. Its headquarters are based in Cheyenne, Wyoming, USA.
At some point, Kraken was considered one of the largest Bitcoin exchanges in terms of the Bitcoin to Euro trading volumes. In 2014, Kraken became the first exchange to get listed on the Bloomberg terminal. As of July 2025, Kraken has a daily trading volume of around $425 million.
One thing that makes Kraken great is its flexible UI. You can easily switch between the basic interface and Kraken Pro depending on your needs and trading experience. The basic interface includes features like instant buy/sell and auto-invest, making it perfect for beginners and those who prefer simplicity when trading Bitcoin.
Kraken also offers the Kraken Desktop app, which provides a powerful and customizable trading experience for advanced users. It features real-time market data, multi-chart layouts, deep analytics, and fast execution tools
On the other hand, Kraken Pro is a great choice for advanced users and is commonly used by high-volume professional investors. For experienced users, Kraken provides excellent trading tools, in-depth charts, and analysis.
As a centralized exchange, Kraken uses both hot and cold storage to store users' funds. It offers a variety of features like 2FA and a master key for the security of users. Additionally, Kraken is the first exchange to pass a cryptographically verifiable proof-of-reserves audit. These make it one of the safest and best places to buy Bitcoin in the US and other regions that it serves.
📚 Related Reading: How to Withdraw Money from Kraken
At the time of writing, Kraken supports more than 430 cryptocurrencies, including popular options like Bitcoin, Ethereum, Monero, Dash, Litecoin, and Ripple.
Key Features
Now that I've gone through the essential information about Kraken, let's see some of its key features that make it one of the best Bitcoin exchanges you can choose:
- The exchange is operational in more than 190 countries all over the world.
- Kraken accepts deposits in fiat currencies, which include: USD, EUR, GBP, CAD, AUD, and CHF.
- The platform supports margin trading, derivatives trading, as well as earning features.
- It supports a variety of payment methods, including credit/debit cards and bank transfers.
- Kraken offers competitive fees. Transaction fees can range from 0.0% to 0.25% for makers and 0.08% to 0.40% for takers, depending on your trading pair and trading volume.
All in all, with its robust security measures, flexible interface, and strong regulatory compliance, I can confidently recommend Kraken as one of the best places to get BTC.
2. Coinbase - A Great Exchange to Buy Bitcoin for Beginners
Ranks #2 out of 9 Crypto Exchanges.jpg)
- + Accepts fiat currencies
- + Simple to use
- + Supports only trusted cryptocurrencies
- + Very secure
- - Some of the less-known altcoins aren't supported
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Founded in 2012 by Brian Armstrong and Fred Ehrsam, Coinbase is often considered the best Bitcoin exchange the US has produced. It’s also one of the largest broker exchanges globally, with a daily trading volume of around $1.7 billion as of writing. It’s frequently cited as one of the largest US-based exchanges when it comes to trading volume.
What truly makes Coinbase stand out is its user-friendly design, making it the first choice for many newcomers entering the world of Bitcoin. The platform's simple interface, along with its well-designed iOS and Android apps, makes buying Bitcoin feel as easy as online banking.
It even provides straightforward charts that are easy to understand even for beginners, but still helpful for more advanced users.
In terms of security, Coinbase is widely regarded as one of the safest cryptocurrency exchanges available. The company claims that 98% of customer crypto funds are stored in offline cold wallets, while the remaining 2% kept online is fully insured. Additionally, customer fiat funds are stored in custodial bank accounts, offering another layer of protection.
📚 Read More: Is Coinbase Safe?
Aside from Bitcoin, Coinbase offers a decent range of crypto options, including Ethereum, Solana, Ripple, and 250 others. While not the largest options available out there, Coinbase still offers very decent choices if you want to diversify your portfolio.
Key Features
Now with the general overview out of the way, let's take a look at some important factors you need to know before choosing Coinbase as your preferred place to buy Bitcoin:
- It serves 100+ countries and is very popular in the US, Europe, Canada, and Singapore.
- Coinbase accepts payment methods like credit cards and bank transfers, depending on your location.
- A downside of Coinbase is that it charges quite high transaction fees, sometimes as high as 4.5%.
- Coinbase accepts more than 60 fiat currencies, including USD, GBP, and EUR.
- Coinbase is one of the very few exchanges to provide customer support over the telephone.
- In addition to the exchange, Coinbase also provides a cryptocurrency wallet to its users.
If you're a beginner, I can't recommend Coinbase enough as one of the best Bitcoin exchanges you need to try. With an intuitive interface and strong security measures, it is a great place to start your crypto journey.
3. Gemini - Highly Regulated BTC Exchange
Ranks #3 out of 9 Crypto Exchanges
- + Strong security
- + US dollar accounts are ensured
- + Easy-to-use
- - Limited selection of cryptocurrencies
- - Requires lots of personal information
- - Sometimes can go offline
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Gemini was founded by the Winklevoss twins in 2015. Yes, they are the same twins who sued Mark Zuckerberg for stealing their idea of a social networking site. As of writing, Gemini has a daily trading volume of around $390 million, making it the 17th largest Bitcoin exchange by volume.
As one of the best Bitcoin exchanges, Gemini offers services in more than 70 countries globally, including the UK, Singapore, and all 50 US states, with full regulatory compliance and licensing coverage. Like most other secure exchanges, it offers 2FA (2-factor authentication), address allowlisting, and support for hardware security keys to provide an additional layer of account protection.
📚 Related Reading: Cryptocurrency Security Guide
Another positive note on Gemini’s security is that it is one of the few platforms licensed under a NYDFS-limited purpose trust charter as a digital asset exchange and custodian. On top of that, it also holds several other licenses, including ISO/IEC 27001:2013, SOC 1 Type 2 Exam, SOC 2 Type 2 Exam, and PCI DSS. So, even from a regulatory perspective, it can be considered secure.
Keep in mind that you should never store any amount of crypto that you can’t afford to lose on an exchange. Instead, you should consider using a hardware wallet like Ledger Flex or Trezor Safe 5.
As you can see in the screenshot below, Gemini has a very simple and beginner-friendly interface. It provides live updates on prices, orders, and balances. Overall, it is a well-designed and feature-rich platform that is suitable for both beginners and advanced users. So, is this enough to make it the best Bitcoin exchange?
It might be. However, there is an area in which Gemini loses to its competitors – crypto availability. It only supports around 70 cryptocurrencies. So, anyone who is interested in a broader range of cryptocurrencies, especially more niche altcoins, may deem Gemini unsuitable for them.
Key Features
Aside from all the things I mentioned above, Gemini also comes with a set of useful features. Let's take a look at some of the notable ones that make it one of the best Bitcoin exchanges:
- On Gemini, you can buy Bitcoin with USD. Gemini supports various payment options, including credit/debit cards and bank transfers.
- Gemini charges a fee of 0.25% on each trade. They also charge a fee depending on whether you are a seller (taker) or a buyer (maker).
- Gemini’s clean design and user-friendly app make it super easy to buy Bitcoin, even if it’s your first time navigating a crypto exchange.
- For more experienced users, Gemini’s ActiveTrader platform offers advanced charting, lower fees, and fast order execution, perfect for serious BTC trading.
- You can also set recurring Bitcoin purchases on the exchange.
Another interesting feature of Gemini was the “Auction” feature. Gemini conducted auctions every day from 2016 to 2022, which involved trading large volumes of crypto assets (particularly Bitcoin and Ethereum) in a short time. Unfortunately, this mechanism was officially discontinued, and related auction order book files were decommissioned on June 24, 2022.
So, that was the Gemini Bitcoin exchange for you! It can be considered secure, user-friendly, cheap, and feature-rich. However, it only accepts USD as a fiat currency and doesn't offer that many different cryptocurrencies compared to its competitors.

Did you know?
All Crypto Exchanges may look similar to you but they're NOT all the same!
4. CEX.IO - Finalize Orders Instantly With Fill-or-Kill
Ranks #4 out of 9 Crypto Exchanges
- + Easy to navigate
- + Secure and regulated
- + Provides earning features
- + Competitive trading fees
- - Lacks advanced trading options
CEX.IO was launched in 2013 in London and originally offered both Bitcoin exchange and cloud mining services via its GHash.io subsidiary. However, it shut down its cloud mining operations in January 2015 to focus more on its Bitcoin exchange service.
It has one of the best user interfaces among all the Bitcoin exchanges, which is important for being named the best Bitcoin exchange. This makes it simple to use and one of the best Bitcoin trading platforms for beginners. So, even as a newbie, you can very comfortably purchase Bitcoin from CEX.IO.
At the time of writing, CEX.IO supports around 200 different cryptocurrencies, giving you options other than investing in Bitcoin.
Moreover, it offers excellent features and tools for more advanced users.
Since 2013, there have been no known security breaches for CEX.IO. In a market where most of the top exchanges have faced security issues, this is an excellent track record. While it is not very clear, CEX.IO claims to store users’ funds in offline cold storage. It also provides regular security features such as 2-factor authentication (2FA).
Overall, CEX.IO seems to be one of the best Bitcoin trading platforms as far as security is concerned.
However, I want to emphasize that there have been numerous user complaints involving locked accounts, withdrawal delays, and poor customer support, some even alleging loss of funds due to compliance actions or failed verifications. So, make sure your region is fully supported before choosing the platform as your best Bitcoin exchange.
Another downside of CEX.IO is that it charges higher fees than most other exchanges. There are three types of fees involved: deposit/withdrawal fees, transaction fees, and margin trading fees.
Key Features
To help you decide if CEX.IO is the best Bitcoin exchange for your needs, here are some key components you should consider:
- CEX.IO lets you buy Bitcoin using three fiat currencies: EUR, GBP, and USD.
- It supports multiple payment methods such as credit cards, bank transfers, and even SEPA transfers for EU users.
- It provides a margin trading feature for various markets, including BTC/USD, BTC/LTC, ETH/BTC, and XRP/BTC.
- CEX.IO uses a unique Fill-or-Kill (FOK) method for transactions, which makes it possible to execute orders instantly.
- It has a mobile app for both iOS and Android users.
All in all, CEX.IO seems to keep things simple without cutting corners. I think it's great for both first-time buyers and more experienced traders.
5. Coinmama - Simple, Secure, and Available in 190+ Countries
Ranks #5 out of 9 Crypto Exchanges
- + High level of security
- + User-friendly platform
- + Available in 190 countries, and most US states
- + Accepts credit/debit cards
- - No way to call the support via phone
- - A pretty small selection of cryptos
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Coinmama is one of the older and better-known crypto exchange platforms that is mostly known for its top-tier security features, as well as the fact that it's available in 190 different countries around the world, and in most US states.
One of the key focuses of Coinmama is to allow its users to access (buy, sell, trade, swap) Bitcoin in as simple a manner as possible. Thus, the exchange has streamlined all of these aforementioned processes, so that they'd be approachable even to complete industry newcomers.
In order to purchase some crypto on Coinmama, all you need to do is create an account and then navigate to the [Buy Crypto] page located at the top of the homepage. The rest is self-explanatory!
It is worth noting that Coinmama experienced a data breach in 2017, which exposed customer emails and hashed passwords.
While Coinmama has had a hiccup in the past, the company takes user data and asset security very seriously. It applies all of the industry-standard security features to its operations. So, you can expect things such as two-factor authentication to be present, with everything that you do on the exchange.
Furthermore, there are multiple different features focused on keeping your assets safe and sound within Coinmama itself. Granted that it's one of the older exchanges in the industry, this also speaks for the platform's reliability.
Key Features
Now, to cap this overview off, let's take a look at Coinmama's key features that make it one of the best Bitcoin exchanges:
- Supports many of the main cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Ripple, and Dogecoin.
- Coinmama supports a wide selection of different fiat currencies, as well as a variety of fiat payment methods, too (SEPA, SWIFT, credit and debit cards).
- Coinmama's fees range from 0.99% up to 3.9%, depending on a selection of different criteria that you might come across (the general situation that the market is in, your loyalty level, etc.).
Considering its broad support for both crypto and fiat, Coinmama seems like a solid option, especially if you value flexibility in your transactions.
6. Poloniex - Advanced Bitcoin Trading with Futures & Margin
Ranks #6 out of 9 Crypto Exchanges
- + US-based company
- + No verification needed
- + Low trading fee
- + Good customer support
- - Hacked in 2014
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Poloniex was one of the top crypto-to-crypto trading platforms back in the day. It was launched in January 2014 by Tristan D'Agosta and is based in Wilmington, Delaware. In February 2018, digital payments company Circle acquired Poloniex. As reported in Fortune magazine, the deal was worth $400 million. That said, let's see if Poloniex has what it takes to be called the best Bitcoin exchange.
One of the major strengths of Poloniex is that it supports over 400 coins, which is more than some other exchanges offer. At the time of writing, Poloniex has a daily trading volume of around $736 million, making it the 21st largest cryptocurrency trading platform.
Poloniex has a very user-friendly and efficient interface. It is easy to navigate even for beginners. It’s not only simple but also provides a lot of useful information, data analysis tools, and in-depth charts. So, it would be fair to say that it is quite useful for advanced users too.
Like other exchanges, Poloniex offers 2-factor authentication and browser recognition tools. It also implements 24/7 system monitoring and 100% Proof of Reserves for added transparency, which makes it a secure Bitcoin exchange on paper.
That being said, in March 2014, Poloniex suffered a security breach and lost 12.3% of all the Bitcoin it held. As mentioned before, security is very important if you want to be called the best Bitcoin exchange. Once the attack was stopped, CEO D’Agosta promised to reimburse Bitcoin to all the affected customers. Poloniex paid off the debts and upgraded its security.
Some minor breaches had also been reported in 2017, where funds equal to 97 BTC at the time were stolen. After that, Poloniex experienced another major private key compromise in 2023, losing over $100M across Ethereum, Tron, and Bitcoin wallets.
While no major breaches have taken place since, the overall sentiment about the security of Poloniex still isn’t that great. It is advisable to store your coins in an external wallet after trading on Poloniex or any other centralized exchange.
📚 Check Out: Safest Cryptocurrency Exchanges
Key Features
Now, let's take a look at some of Poloniex key features that put it in several best Bitcoin exchange lists:
- Back in the day, Poloniex did not support any fiat currency like EUR, USD, JPY, etc. Now, you can easily buy Bitcoin and other crypto using fiat via its instant buy feature.
- Unlike many other exchanges, Poloniex supports margin trading for most of the top cryptocurrencies with 3x leverage.
- On Poloniex, you can earn passive income from staking and Flexi Max features.
- The exchange works on the maker-taker model and offers tiered fee discounts based on 30‑day volume and TRX holdings, rewarding users who contribute liquidity with lower maker fees.
Overall, I think Poloniex can be a decent option when you want to buy Bitcoin, especially if you want to try margin and futures trading. That said, always consider security track record, and I highly suggest you to use a hardware wallet like Ledger Flex to store your crypto assets.
7. Bitstamp - One of the Oldest BTC Exchanges Powered by Robinhood
Ranks #7 out of 9 Crypto Exchanges
- + Staking feature available
- + Fiat payments are accepted
- + Reliable and established
- + Low trading fees
- - Small number of supported cryptos
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Bitstamp is one of the oldest exchanges that was founded in 2011 by Damijan Merlak and Nejc Kodrič. It has grown to become one of the most popular exchanges, especially in Europe. In June 2025, Bitstamp was acquired by Robinhood to expand its global crypto presence and enter international markets.
In total, the exchange is currently available in over 100 countries. Bitstamp has offices in Luxembourg, London, and New York. As of writing, Bitstamp ranks as the 16th largest crypto exchange, with a daily trading volume of around $306 million.
It has been around for a long time and has built a sturdy reputation for itself, being known as one of the best places to buy Bitcoin with fiat currency.
Bitstamp is suitable for both beginner and advanced users. It has a simple interface in which you can create an account, add funds, and then start trading by clicking on buy/sell. Detailed graphs and trading parameters are also available for advanced users.
Unfortunately, Bitstamp has been slow in adding the new and more niche altcoins. Currently, it only supports around 190 trading pairs with approximately 130 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
In January 2015, an attacker hacked Bitstamp and stole around 19,000 Bitcoin. That amount of Bitcoin would have been worth around $2.2 billion today!
When it comes to being the best Bitcoin exchange, security breaches do not look good. The interesting part, however, is that Bitstamp has still managed to maintain its popularity even after experiencing a major attack. Plus, as of 2025, it hasn't faced any other breaches since the 2015 hack.
That's probably because Bitstamp follows all the necessary practices to ensure the security of users' accounts. In addition, it is also compliant with the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg, which ensures extra security for its users’ funds.
It then goes another step further by placing USD customer deposits in FDIC‑insured bank accounts, meaning your fiat USD balances are protected up to the standard $250,000 per depositor, per bank, in the event the bank fails.
Besides, after being acquired by Robinhood, Bitstamp started getting more and more licenses around the world, including the MiFID MTF license and the MAS license in Singapore.
While no Bitcoin exchange can be considered 100% secure, Bitstamp has done a great job of enforcing and maintaining a high standard of security since the 2015 attack.
Key Features
So, is Bitstamp the best Bitcoin exchange for you? Before you make the decision, let's take a look at some of the platform's key features to help you understand it better:
- It’s a centralized exchange that matches your buy and sell orders against other users on its order book, rather than selling you coins out of its own inventory.
- Bitstamp accepts debit and credit cards, in addition to bank transfers. Plus, it supports payments through SEPA, SWIFT, and ACH.
- Trading fees charged by Bitstamp are quite competitive. While the maximum fee for makers is 0.30% and 0.40% for takers (for the trading volume of less than $10,000), it can go down to as low as 0% and 0.03% for 30-day trading volume greater than $1 billion.
- Bitstamp has a mobile app for both Android and iOS users.
Considering its transparent peer-to-peer model, flexible payment methods, and attractive fee structure, Bitstamp offers a compelling choice for users looking for a reliable Bitcoin trading platform.
8. Crypto.com - The All-In-One Crypto Exchange
Ranks #8 out of 9 Crypto Exchanges
- + Beginner-friendly
- + Secure
- + Decent trading and withdrawal fees
- + Credit / debit card purchases - available
- + Wide range of crypto options
- - Possibly long KYC verification time
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Crypto.com is a prominent player in the cryptocurrency world, offering a comprehensive suite of financial services centered around digital assets. Founded in 2016, the platform has grown rapidly, boasting a user base of over 100 million by mid-2024.
Crypto.com provides a user-friendly app for buying, selling, and trading around 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Beyond its exchange services, Crypto.com offers a non-custodial DeFi wallet, an NFT marketplace, and even a direct payment service for cryptocurrency transactions.
One of Crypto.com's most recognizable features is its Visa card, which allows users to earn cashback in CRO, the platform's native token, on their everyday spending. The card comes in various tiers, each offering different levels of rewards and perks, such as rebates on streaming subscriptions and airport lounge access.
Crypto.com also takes security seriously. It holds all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis. Users’ accounts are protected by the latest security advancements, including Passkeys, HSMs, and FIDO2, as well as MFA methods like passwords, biometrics, and authenticator codes.
Crypto.com is the first cryptocurrency company in the world to have ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2022, and PCI DSS v4.0 Level 1 Service Provider compliance.
It also runs an active bug bounty program on Hacker One, where people can disclose security vulnerabilities on the platform and get rewards.
9. Robinhood - A Commission-Free Investment Platform
Ranks #9 out of 9 Crypto Exchanges
- + Beginner-friendly
- + No commissions on trades
- + A reliable investing platform
- - Registration can prove to be a hassle
- - Only available for US residents
- - You can't transfer your crypto assets anywhere else
- - Not primarily a crypto exchange
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Robinhood is a popular commission-free investment platform that gained widespread recognition for democratizing access to financial markets. Initially known for its user-friendly mobile app and commission-free stock trading, Robinhood has expanded its offerings to include options trading, exchange-traded funds (ETFs), and cryptocurrencies.
The platform's intuitive interface and simplified trading experience have attracted a younger generation of investors, making it easier for them to start investing with smaller amounts of capital. Robinhood's appeal lies in its ease of use, particularly for beginners who might find traditional brokerage platforms intimidating.
Robinhood’s gamified interface and margin trading features have also drawn criticism, with some arguing that they encourage risky investment behavior, especially among inexperienced users.
While Robinhood offers access to a growing number of cryptocurrencies, its selection is generally smaller compared to dedicated crypto exchanges at around 40 assets.
Despite that, Robinhood takes security seriously. It holds the majority of users' coins in cold storage, entirely disconnected from the internet. Robinhood also carries crime insurance that protects a portion of the assets held across its storage systems against losses from theft, including cybersecurity breaches.
The platform also provides multi-factor authentication on all accounts, so users can protect their assets even further. Last but not least, Robinhood maintains strong US regulatory compliance, holding licenses from the New York State Department of Financial Services and FinCEN.
Factors to Consider When Choosing the Best Bitcoin Exchange
Before we wrap things up, let’s talk about what really matters when choosing the best Bitcoin exchange for your needs. With so many platforms out there, you'll need to make sure the exchange actually fits your goals and preferences. Here are some key things to look out for when buying Bitcoin:
- Liquidity levels: You’ll want an exchange with high Bitcoin trading volume and strong liquidity. Why? Because more liquidity means smoother trades, better prices,[1] and less risk of price slippage, especially when you're buying or selling larger amounts of BTC.
- Fiat on-ramp support: Not every exchange makes it easy to go from dollars (or euros, pounds, etc.) to Bitcoin. Some platforms specialize in letting you buy BTC directly with credit cards or bank transfers. Others may require a few extra steps or only accept crypto deposits.
- Local availability and compliance: Bitcoin may be global, but exchanges aren’t. Crypto regulations vary in different jurisdictions,[2] and some platforms operate in limited countries or states due to licensing. Always check if the exchange supports your location and follows your country’s regulations. This also tends to affect things like verification speed and withdrawal limits.
- Reputation during BTC surges: Exchanges often get flooded when Bitcoin’s price surges. Some platforms handle this better than others. Look for ones with a track record of staying online and responsive during market spikes, especially if you plan to trade during high-volatility windows.
- Fees specifically for BTC trades: Exchange fees vary a lot, and not all are transparent. Focus on how the platform charges for Bitcoin trades in particular, including maker/taker fees, spreads, or hidden costs in “instant buy” options.
It’s perfectly okay to use more than one exchange. Doing so can help you compare prices, access different features, and manage risk more effectively.
Choosing the right BTC exchange can make a real difference, not just in how smooth and secure your experience is, but also in the fees you pay, the prices you get, and ultimately, your potential returns.
Conclusions
So, you should now have a good idea of what the best Bitcoin trading platforms are, what features they have, and how secure they are. I've covered some of the most popular and interesting Bitcoin exchanges.
Now that you have read this, I hope that you are in a position to make an informed decision about which exchange is most suitable for you. Finding such a platform is not a matter of simply asking Google (or a friend), "What is the best Bitcoin exchange?". There isn't a right or wrong answer. Instead, it's all about deciding what you, as an individual, are looking for.
So, regardless of which exchange you use to buy Bitcoin, make sure to take your time and understand your own needs and preferences before making any decision.
Other Crypto Exchanges in This Category
Here are other crypto exchanges related to the category but not as favored by BitDegree readers yet. In my personal opinion, today there are much more optimal crypto exchanges in the list with the higher rating that I'd recommend for the same price range or less.
ShapeShift - A Decentralized Solution to Buy Bitcoin

- + Great usability features
- + Secure
- + 50+ crypto assets
- + Low fees
- - Prior internal security breach
- - Some history of transactional issues
- - Fiat payments managed by a third party
ShapeShift is a Swiss cryptocurrency exchange founded by Erik Tristan Voorhees in 2013. It is a crypto-to-crypto exchange that specializes in instant conversions between a wide range of digital assets.
After evolving into a community-governed DAO (Decentralized Autonomous Organization) in 2021, the platform now focuses on providing chain-agnostic, user-controlled asset swaps without holding customer funds. So, let’s find out why and if it could be the best Bitcoin exchange.
ShapeShift acquired a popular hardware wallet, Keepkey, in 2017. Since then, it has grown to become quite a popular exchange.
At some point, ShapeShift's Bitcoin volume over a 24-hour period was reported to be around 650.462 BTC, which amounts to around $5.15 million. However, it is worth noting that ShapeShift no longer reports this type of centralized BTC volume, having transitioned to a fully decentralized exchange (DEX) model and a DAO that facilitates peer-to-peer cryptocurrency swaps.
That said, the platform is unique in many ways and can be considered one of the best Bitcoin exchanges for the USA and various other countries. Its interface is user-friendly, simple, and suitable for beginners. First-time users would find it easy to swap their cryptocurrencies on ShapeShift because of an intuitive layout.
Though, it's known for supporting quite a small variety of coins (only around 50, but it does support the top cryptocurrencies). FYI, ShapeShift also used to offer new coins and was a hub for Initial coin offerings (ICOs). Unfortunately, it no longer functions as an ICO hub or exchange listing ICOs in the traditional sense since 2021.
ShapeShift suffered a major security breach in 2016. Funds, totaling around $200K, were stolen from it. The website was immediately taken down, and many security improvements have been made since then.
There haven’t been any such incidents since that security breach, but users prefer not to store their funds on ShapeShift.
Key Features
If you're wondering what makes ShapeShift stand out, especially for Bitcoin users, there are a few features that really set it apart. Despite all the changes over the years, it still holds onto the core values that made it popular in the first place – privacy, control, and simplicity.
Here are five key consideration points you might want to know:
- It does not accept fiat currencies. So, if you are a first-time Bitcoin buyer, then you must buy other crypto on another exchange and then exchange it for BTC on ShapeShift (or just buy BTC on another exchange).
- Since it is a decentralized exchange, ShapeShift doesn’t require you to create an account or go through a verification process.
- ShapeShift doesn’t charge a direct trading fee. Instead, it charges only a miner's fee, which varies depending on the cryptocurrency you are buying. For example, miner fees for Bitcoin are about 0.0006 BTC.
- Shapeshift has a mobile app for both Android and iOS users.
- Since transitioning to a DAO in 2021, ShapeShift has become fully open-source. That means the community now helps guide its future, making it a truly user-first platform.
So, ShapeShift still brings a solid set of tools to the table, no matter if you're a long-time user or new to the world of Bitcoin. It can be a good option, especially if you value control, simplicity, and decentralization.
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Scientific References
1. Tripathi B., Sharma R., K.: 'Cryptocurrency Exchanges and Traditional Markets: A Multi-algorithm Liquidity Comparison Using Multi-criteria Decision Analysis';