Changelly is a token swap service that doesn’t act as an online wallet, but does act as a crypto exchange. To use Changelly you need wallets to store the coins you want to swap.
First off, you should note that we almost exclusively review exchanges that we have used, with solid volume, that have built a positive reputation for themselves over time.
With that said, in a few cases where we are prohibited due to region / country, like with BitMEX, we have not used the exchange to do live trading.
In other words, these are generally all exchanges we would recommend to a friend based on reputation and/or have used ourselves.
With the above said, there are risks associated with any exchange and you must use each at your own risk.
There are specifically risks with leaving cryptocurrency on an exchange, exchanges going down, and risks in terms of placing orders (if you mess up a buy/sell order, there is no going back).
Take some time to understand the risks before trading. With that said, if you do want to trade, the following exchanges are some of the best cryptocurrency exchanges we have come across.
For more reading, see a list of exchanges for beginners.
Poloniex an exchange owned by Circle, a company who also launched the stable coin USDC, is a popular crypto-to-crypto exchange.
KuCoin is a popular global altcoin exchange. It rivals Binance in the sheer amount of coins offered, its global reach, and its many choices of base pairs including BTC, ETH, NEO, USDT, USDC, and more.
Bitmex is a crypto derivatives exchange that uses high leverage and margin trading and is open to many non-U.S. citizens. They have been the highest volume exchange in the 2018 bear market.
Bakkt is an upcoming exchange by the Intercontinental Exchange ICE (the parent company of the New York Stock Exchange NYSE). Bakkt “will enable consumers and institutions to buy, sell, store and spend digital assets on a seamless global network.”
Robinhood, the popular stock trading app, also allows you to buy, sell, and store cryptos, some at no cost. Thus, it is a solid choice for investors who don’t want to get into the complexities of crypto trading.
Coinbase Pro is a cryptocurrency trading platform run by Coinbase that is meant to replace GDAX.
Bitfinex is a leading and important cryptocurrency exchange that offers the major cryptocurrencies for trade and is a favorite spot for margin traders.
Square’s Cash app lets you instantly buy, sell, and store Bitcoin. Thus, Square’s Cash app doubles as a simple Bitcoin exchange and wallet. You can also transfer Bitcoin from your Cash App account to other Cash app accounts.
Binance is a cryptocurrency exchange and wallet. They are one of the top exchanges for trading altcoins, have low fees, and have become the number one exchange for Bitcoin by volume as of 2018.