Coinbase is the easiest exchange to use and likely the best gateway into cryptocurrency for any newcomer! The super clean interface makes it a breeze to purchase Bitcoin, Litecoin, or Ethereum and Coinbase supports both credit card and bank account purchases. With credit card fees of 3.99% (and even lower bank transfer fees), Coinbase is a top choice for many Crypto-investors.
An Overview of The Best Cryptocurrency Converters
Cryptocurrency exchanges provide easy tools to swap fiat (USD, EUR, etc.) for cryptocurrencies and some platforms allow you to "Cash Out" your cryptocurrencies for fiat.
The constant innovation these platforms provide to the financial system is of great benefit to all so we've highlighted some of the best exchanges around, with an overview of why you might want one over the other.
ShapeShift is one of the leading exchanges, supporting a wide variety of cryptocurrencies including Bitcoin, Ethereum, Monero, Zcash, Dash, Dogecoin and much more! ShapeShift is great for instant trades without an account or relying on a third-party to hold your funds. ShapeShift has a no fiat policy and therefore only allows exchanges between Bitcoin and other supported cryptocurrencies. ShapeShift is still a strong exchange that has a good reputation and is known as a beginner friendly exchange.
Changelly is a unique exchange that allows you to exchange digital assets without the need to deposit coins. Changelly is very fast and convenient - If the market is moving quickly, Changelly is a great way to quickly exchange coins at a locked-in rate without waiting for your deposit.
Poloniex has the largest volume of any crypto exchange, with great liquidity for almost all Bitcoin/Altcoin pairs. Large exchanges are often an enticing target for hackers and scammers so we recommend you store your coins in your own wallet and not the exchange. Smaller exchanges like Shapeshift or Changelly typically have significantly less risk of you losing any funds due to theft or hackers.
BlockTrades allows you to quickly and safely purchase cryptocurrencies without the need for a centralized cryptocurrency exchange. No minimum balance is required and all cryptocurrencies and kept in your own wallet, preventing the risk of potential losses due to to attacks by hackers.
Coinmotion is a fast and secure platform for quickly buying, storing and using Bitcoins. Coinmotion has a very straight-forward signup process and identity verification, so don't expect to be too inconvenienced by the need to have an account. Fast processing, a secure wallet, and real-time trading makes Coinmotion a strong cryptocurrency exchange.
Learn about investing in Bitcoin with a Beginner's Guide to Investing in Cryptocurrency