Best Bitcoin Exchanges 2023

1. Binance

Binance, often positioned as the world’s largest crypto exchange, is one of the most popular trading platforms when dealing with Bitcoin. Not exclusive to just trading, Binance also allows you to store and hold, send, and even spend Bitcoin as a medium of exchange. You can even choose to donate Bitcoin to Binance Charity.

To buy Bitcoin with a bank transfer, all you need to do is buy stablecoins listed on Binance by wiring money to the providers of these coins. You can now leverage these stablecoins to buy Bitcoin on the exchange.

Additionally, you can purchase Bitcoin directly with your credit card on Binance. Binance supports both debit and credit cards, including Visa and MasterCard.

Binance exchange is compatible with more than 150 cryptocurrencies, which includes Bitcoin, Ethereum, and Litecoin.

While Binance supports the deposits of the currencies, you can exchange them for Bitcoin at some of the most competitive rates in the market.

Among its operational advantages, Binance has the best-in-class matching engine that can support up to 1.4 million orders per second.

Its multi-tier, multi-cluster architecture ensures security for the system, the Secure Assets Fund for Users (SAFU) protects the user’s account.

You can download the Binance mobile app from the iOS app store, Google Play Store, and the Binance website by scanning a QR Code.

Without Binance’s native BNB coins, each Bitcoin trade on Binance carries a standard fee of 0.1%*. With BNB, the user gets a trading fee discount.

*Rates current as of July 2021

2. Kraken

Kraken is one of the most inclusive exchanges in the global crypto market. You can buy more than 50 varieties of crypto-assets through Kraken and start trading with as little as $10.

To buy BTC on Kraken, you’ll need to sign up for a Kraken account. You can complete the sign-up process by providing little information.

Once you verify your account, the next step is to deposit fiat or cryptocurrency to your account. For the use of fiat currencies, such as USD or Euro, you might need to provide additional supporting documents verifying your identity.

In Kraken, you can deposit both fiat or cryptocurrency. For depositing crypto, all you require is a crypto deposit address, while funding through fiat can is done through SWIFT, SEPA, and domestic wire transfers.

Kraken has a 24/7 support system, with both live chat and a robust support library, resolving more than 4 million issues to date.

Another area where Kraken stands out from the rest is its security features, with 95% of Kraken deposits kept offline.

It keeps its servers in secure cages. Armed guards and video monitors keep it under surveillance 24/7.

To ensure information security, Kraken keeps all its sensitive account information encrypted at both the system and data level.

Adding to all these features is Kraken’s Penetration Testing team that checks the system’s robustness for every attack vector possible.

Kraken charges a fee on each successful order execution. Fees currently range from 0%* to 0.26%* of the total value of the order.

*Rates current as of July 2021

4. Huobi Global

One of the global leaders in crypto trading, Huobi Global facilitates crypto trade in more than 370 cryptocurrencies. The Huobi app is available on both the iOS app store and Google Play store.

With the app, you can deposit, withdraw, and trade Bitcoin 24/7. There are several trading facilities through the Huobi app. For instance, you can trade with up to 5x leverage for spot trading.

You can buy your Bitcoin with a credit card. Huobi keeps its funds in dedicated multi-signature cold crypto wallets that remain under 24/7 security surveillance. It also has a dedicated 20,000 BTC security reserve fund.

Signing up for Huobi global is easy. You can create an account with your email, or you can choose to log in with a Facebook, Apple, or Google account.

Huobi accepts Visa and Mastercard in more than 150 countries. It also allows Apple Pay, iDEAL, Faster Payments, SEPA/ Sofort-Klarna, Interac, and several other payment methods, depending on the geography of trade.

Huobi charges 0.0001 BTC* as its withdrawal fee, while the maker and taker fees are both 20%*.

*Rates current as of July 2021

Like any other cryptocurrency trading platform, a Bitcoin exchange is a digital marketplace for traders to buy and sell Bitcoins, either in exchange for fiat currencies or for altcoins that are nothing but a generic name for crypto coins other than Bitcoin. As an intermediate online platform, a Bitcoin exchange facilitates the trade between a seller and a buyer.

The primary use of a Bitcoin exchange is to buy and sell Bitcoin. Apart from that, you can also use the exchange as storage of your assets, you can use it to send Bitcoin from one address to another. You can leverage it to make payments as well. Exchanges like Binance even allow you to donate your assets.

Your selection for the best Bitcoin exchanges will vary on your personal preferences as well as the operational robustness of the platform.

You can choose a platform that accepts your payment method and charges fees that you feel are justified. But, at the same time, the platform should be secure, funds should have insurance protection, and processing time should be optimal.