10 Exchanges To Buy And Sell Bitcoins

The maturing Bitcoin ecosystem has brought us a wider selection of bitcoin service providers. There are now many bitcoin exchanges you can choose from, and more flexibility in terms of payment options. Here are 10 exchanges you can use to buy and sell bitcoins.

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All of these options accept US Dollars, and may accept other currencies and/or cryptocurrencies. Most of these options require user verification before bitcoin purchase, in line with KYC/AML regulations (Know Your Customer/Anti Money Laundering).

Coinbase

One of the most reputable bitcoin exchanges available, Coinbase is popular among fans of the ‘dollar cost averaging’ method, where users can automate bitcoin purchase every week or month. It is a no-fuss platform for just bitcoin buying and selling.

Best for: Reputation as a dependable bitcoin exchange

Choose another exchange if: You perform dubious activities. This company monitors transactions for suspicious activities and may close accounts anytime.

LocalBitcoins

LocalBitcoins can be described as less of an exchange and more as a platform where individual bitcoin buyers and sellers from all over the world can find each other. You will be directed to a country-specific page and will be able to pick who you want to buy/sell bitcoins from. The in-built escrow system will protect both parties until the seller releases it after confirmation of payment.

Best for: Trading directly from individuals

Choose another exchange if: You don’t want to be exposed to scammers. There are some in this platform who may provide fake bank transactions. In-person buying/selling can be dangerous as well.

Kraken

A trading-focused bitcoin service provider, Kraken appeals to bitcoin traders as you can leverage and even short on the platform. They are very reputable and was one of the first bitcoin exchanges to pass an independent audit.

Best for: Traders

Choose another exchange if: You don’t know how to setup 2-factor authentication (2FA). Entire accounts have been drained when customers fail to set this up.

BitStamp

This bitcoin exchange recently celebrated 5 years of operations and is the first licensed operator. BitStamp is a favorite due to its ability to accept bitcoin purchase with credit or debit cards. Users can also withdraw bitcoins as physical gold – a novelty not offered by any other bitcoin exchanges in this list.

Best for: Reputation as a dependable bitcoin exchange

Choose another exchange if: You perform dubious activities. This company monitors transactions for suspicious activities and may close accounts anytime.

OKCoin

This Hong Kong-headquartered bitcoin exchange is appealing for both traders and investors. The website is less flashy than the rest but practical. OKCoin is best for experienced traders with high familiarity with trading tools and platforms.

Best for: Traders

Choose another exchange if: You are not a trader.

BTC-e

This is another platform that recently celebrated its 5th anniversary. BTC-e platform is very transparent – you can see a live tracker with the current bitcoin price and the most recent transactions in the platform from the trade history. The chatbox sometimes has interesting discussions, offering insight of buyer/seller sentiment.

Best for: Transparency

Choose another exchange if: You prefer a nicer-looking platform.

ItBit

Another trading-oriented bitcoin exchange in this list, ItBit offers reasonable rates for bitcoins but bear in mind there is a small fee on top of it. They offer ‘boutique service’ for large bitcoin trades over 100BTC.

Best for: Full-service, premium bitcoin trading services.

Choose another exchange if: You want small amounts of bitcoins.

BitQuick

As the name suggests, BitQuick is all about speed. How it operates is similar to LocalBitcoins where you buy and sell from other individuals. Buying bitcoins will incur 2% fee. However selling bitcoins are free.

Best for: Fast transactions

Choose another exchange if: Speed isn’t a factor.

Circle

Circle is a pretty-looking platform and suitable for light to casual bitcoin users. Marketed first as a user-friendly payment platform with chat integration, you can link debit card, credit card or bank account to send money via Bitcoin’s blockchain to friends and family.

Best for: New bitcoin users who need funds transfer solution rather than holding bitcoin

Choose another exchange if: You truly want to keep the bitcoin or blockchain part invisible.

E-Coin

This bitcoin service provider is known better as one of the top bitcoin debit card providers. E-Coin is included in this list as they allow indirect bitcoin purchase with PayPal, which is rare. You can also buy bitcoins with PayPal with other services such as Paxful or VirWox – both options incur higher fees.

Best for: Buying bitcoins with Paypal (by topping up the virtual debit card with funds from PayPal)

Choose another exchange if: You don’t want or like the idea of bitcoin debit cards.