Cryptocurrency exchange: an overview of the top 29, reviews, how to choose and trade on a cryptocurrency exchange
Cryptocurrency exchanges are platforms for online trading of digital assets, fiat currencies and their exchange. They can trade and purchase the most popular cryptocurrencies today: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash (DASH), Monero (XMR), Stellar (XLM), Cardano (ADA) ) and other altcoins. At the same time, you can buy cryptocurrency at the most favorable rate and with a small commission.
Each crypto exchange has its own advantages and disadvantages. One can have many trading pairs, the other has convenient ways to deposit and withdraw money, low commissions, and the third has a convenient interface. Therefore, you should not be limited to one exchange, it is better to register and work on several.
The list of popular cryptocurrency exchanges in Russian according to the editorial staff of Btcnewsweb.com:
|Cryptocurrency exchange||Exchange website||Russian language||Trading volume||Margin trading||Commission||Verification||Fiat gateway|
|Binance Exchange||yes||$1 861 476 605||yes||up to 0.1%||optional||yes|
|Exchange Currency.com||yes||–||yes||0,2 %||obligatory||yes|
|EXMO exchange||yes||$34 118 925||no||0,2 %||optional||yes|
|P2p platform Cryptolocator||yes||–||no||from 0% to 1%||optional||yes|
|BitMEX Exchange(derivatives trading with leverage up to 1: 100; buy and sell deals)||yes||$6 930 423 748||yes||from -0.0250% to 0.0750%||no||no|
|CEX IO Exchange||yes||$10 759 388||yes||from 0% to 0.25%||obligatory||yes|
|BitMax Exchange||no||$172 615 488||yes||0,04 %||optional||no|
|Gate Exchange||yes||$122 700 150||yes||0,4 %||optional||no|
To start trading, buying and exchanging cryptocurrency, mandatory account verification is not required on most exchanges. You need to verify your account if you use some fiat payment systems with an increased level of security: bank transfer, Visa / MasterCard, Neteller. The commission of trading platforms is small and amounts to 0.1–0.2% of the transaction amount. Cryptocurrency exchanges: EXMO, Currency, Livecoin, LocalBitcoins, Cryptolocator and others, work with fiat (dollar, ruble, hryvnia, euro, etc.). Top up the balance will not cause much difficulty for beginners.
You can buy or sell currency through cryptocurrency exchangers.
We recommend using reliable mailboxes (on Gmail), passwords, and enabling two-factor authentication (2FA) in the settings for account security to work with exchanges. After registration, you must confirm the email address to which the letter will be sent. Reviews of popular cryptocurrency exchanges in Russian in the next section.
- 1 Rating of Russian-language cryptocurrency exchanges
- 1.1 Binance
- 1.2 Currency.com
- 1.3 EXMO
- 1.4 Huobi
- 1.5 LocalBitcoins
- 1.6 BitMEX
- 1.7 Livecoin
- 1.8 Cryptolocator
- 1.9 Yobit
- 1.10 CREX24
- 1.11 BitForex
- 1.12 KuCoin
- 1.13 Stex
- 1.14 DSX
- 1.15 BitMax
- 1.16 Gate
- 1.17 ABCC
- 1.18 BTC-Alpha
- 1.19 Mercatox
- 1.20 Bitlish
- 1.21 Bitfinex
- 1.22 Kraken
- 1.23 Poloniex
- 1.24 Bitstamp
- 1.25 Bittrex
- 1.26 Coinbase
- 1.27 OKex
- 1.28 HitBTC
- 1.29 Bibox
- 2 How to choose a cryptocurrency exchange
- 3 Largest cryptocurrency exchanges by trading volume
- 4 How to trade on the cryptocurrency exchange
- 5 How to buy cryptocurrency on the Livecoin exchange
Rating of Russian-language cryptocurrency exchanges
List of cryptocurrency exchanges in Russian (and not only) with a brief overview.
Binance. The most liquid and well-known international exchange. Founded in 2017 in Hong Kong, but moved to Malta in 2018. There are 463 currency pairs available for trading. In 2019, it became possible to buy cryptocurrency from bank cards.
Currency is an exchange where you can trade not only cryptocurrencies, but also tokenized assets, raw materials, and stocks. It is positioned as a bridge between blockchain technologies and traditional exchanges. You can invest in tokenized assets using both fiat and digital currencies. Depositing funds to the site is free, trading commissions are quite low.
EXMO is the most famous crypto exchange in the CIS. Has a website version in Russian and Ukrainian. Official site – exmo.me. The number of clients is more than 700 thousand. The site trades 13 coins: Bitcoin, Ethereum, Ripple, Dash, Zcash, Litecoin and other most popular cryptocurrencies. Input and output of fiat currencies is available (US dollar, Russian ruble, hryvnia, euro, Polish zloty). Account verification is not required to trade and perform exchange operations.
The Huobi cryptocurrency exchange has been operating steadily for several years and is constantly expanding – offices are opening, coins are added and new features are added. You can trade without confirming your identity. Various instruments and charts help to improve trading efficiency. In addition, there is an independent assessment of the prospects of blockchain assets.
LocalBitcoins is a p2p platform for conducting operations with the bitcoin cryptocurrency (BTC), there are no other coins on it. The site (localbitcoins.com) is available in Russian. You can buy cryptocurrency using any convenient payment method and as soon as possible. All exchange operations occur between users, the exchange has nothing to do with trading. She acts as a guarantor (escrow) and monitors the fulfillment of the obligations of all parties to the transaction. To do this, the LocalBitcoins exchange deposits the amount of bitcoins that needs to be purchased from the seller in its wallet, and after payment transfers the cryptocurrency to the buyer’s wallet.
BitMEX. An exchange for margin trading in cryptocurrencies. Maximum leverage of 100x is available for Bitcoin. There is a demo trading mode on the Testnet test exchange. In addition to Bitcoin, you can trade cryptocurrencies (derivatives): XRP, EOS, Cardano, Litecoin, Bitcoin Cash. You can open deals in long (buy) and short (sell), that is, you can make money regardless of the market movement.
Livecoin is a Russian-language cryptocurrency exchange, 173 coins are included in the listing, 347 currency pairs are available for trading. Crypto exchange website: livecoin.net. It is possible to replenish the account with fiat currencies, as well as vouchers, which can be purchased from partner exchangers (for example, ProstoCash, Xchange, 60cek). The commission depends on the volume of trades per month.
CryptoLocator is a platform for exchanging cryptocurrencies for fiat and vice versa. It works using an escrow system that ensures 100% security of transactions between users – the party to the transaction will not lose his money until the second party fulfills his obligations. The platform has a clear interface and is suitable for beginners who find it difficult to understand the intricacies of centralized exchanges.
Recently, the site has been running a referral program that allows you to earn up to 50% of Cryptolocator’s profits for each trade performed by referrals. Also, for each invited participant, you can receive a bonus of $ 10 (this requires a certain activity).
Yobit is another well-known Russian-language cryptocurrency exchange. Large selection of coins for trading: from popular to newest (1025 in total). There is a deposit and withdrawal in fiat (rubles, dollars) through Qiwi, AdvCash, Payeer, Perfect Money, Capitalist. Compared to EXMO, the site is loaded with various add-ons: there is a game, a free faucet, an investment product, etc.
Crypto exchange CREX24 is distinguished by a multi-level system of fees – commissions for each specific user increase or decrease depending on how much he has traded over the past 30 days. Most of the platform’s functionality will be of interest to advanced traders, although a beginner will find convenient options for himself. The site supports fiat. In general, there are many ways to deposit and withdraw funds.
BitForex is a crypto exchange with excellent liquidity and large trading volumes, which is also famous for its low fees. The site supports many cryptocurrency pairs, as well as futures trading. Users’ assets are stored in cold wallets for security. You can trade on BitForex without mandatory verification. In general, the site is aimed at users interested in both cryptocurrencies and traditional assets at the same time.
KuCoin is a multilingual cryptocurrency exchange that does not require account verification for full trading. Users note round-the-clock technical support, which acts promptly and competently. Traders have access to a wide range of tradingview instruments and indicators, as well as the ability to fine-tune them for themselves. Large selection of coins, plus the developers are planning to add several hundred new ones.
Stex is a convenient exchange with a large selection of currencies, a mobile application and effective technical support. Supports Fiat. Has a platform for conducting IEO, and also provides the opportunity for free listing of cryptocurrencies and tokens. It has earned a lot of positive reviews for its smooth operation and low commission fees. Allows you to trade on favorable terms.
DSX management pays a lot of attention to the security and reliability of both accounts and funds. A connection with ePayments is used, which makes it possible to withdraw money as quickly as possible and with a very small commission. You can also link an ePayments card to the system in order to pay with funds from the exchange in retail outlets. The downside of the exchange is that you cannot start trading without going through verification.
The BitMax exchange contains all the most popular cryptocurrencies, allows you to trade with relatively low commission fees. Here you can trade with leverage, multiplying your profits. It is noticeable that the main reference point of the exchange is institutional investors interested in the field of cryptocurrencies. All conditions have been created for them. The project team consists of specialists who have been working in the field of IT and, in particular, blockchain for many years.
The Gate.io platform is among the leaders in terms of the number of supported cryptocurrencies and tokens, and the list is regularly updated. The exchange is suitable for beginners – there are no particularly complex professional tools here, but the existing ones are organized conveniently and clearly. Registration and verification is very simple, there is a lot of background information and tips. There is a mobile version for smartphones and tablets.
A clear plus of the ABCC cryptocurrency platform is that all its main sections have been translated into Russian in a fairly high quality. In terms of functionality, it also does not lag behind competitors – it supports a new type of cryptocurrency mining trade-to-Mine, when the user receives local AT tokens as a reward for trading on the exchange. For full interaction with the exchange, it is advisable to go through verification by confirming your identity.
On the BTC-Alpha cryptocurrency exchange, you can find the largest number of rare coins that are not found on other platforms. The site supports Russian, account verification is not required. With the help of special alpha-codes, you can withdraw money without commission (input is also free). True, alpha codes will only help you withdraw to certain payment systems. The disadvantages of the site include relatively poor functionality, inferior to many competitors.
The Mercatox exchange supports fiat currencies and can be entered using many popular payment systems. In addition, there is a large selection of cryptocurrencies and tokens, the trading volume for them is consistently high. A distinctive feature is that every month users are given several votes, which they can give for the introduction of a particular token into the listing.
On the Bitlish crypto exchange, you can start trading immediately after registration, without numerous checks and verification. The trading process is also maximally simplified and resembles working with an exchanger. Supported payment systems Skrill and Neteller, as well as bank transfers SWIFT and SEPA. A deposit with Visa or MasterCard is available, and with very low fees. The security is guaranteed by the PCI DSS certificate.
The Bitfinex crypto exchange has a fairly profitable and convenient affiliate program – if you actively apply it, you can get tangible discounts on commissions. The site’s interface is comfortable and straightforward, there is a Russian language and a mobile application. Trading is carried out using a variety of tools for professionals, but at the same time, the functionality greatly facilitates the beginning of mastering trading for beginners.
Kraken is a cryptocurrency marketplace focused primarily on users from the US, Canada and Europe. For this reason, there is no Russian interface language. There is the possibility of margin trading with leverage up to x5, as well as work with fiat. The latter is possible only when verifying a second-level account. Users note high-quality technical support, which always helps in difficult situations and at the same time responds quickly.
Poloniex supports a large number of cryptocurrencies, regularly adding new promising coins to the list; but fiat funds are not supported on the exchange. It features a user-friendly interface and navigation, a large number of settings. There is margin and spot trading. User accounts are protected using two-factor authentication.
The credibility of the Bitstamp exchange is largely due to the fact that it is officially regulated by the CSSF – this is a serious financial body that monitors the quality of the services provided. Also, for security, only 2% of user funds are in hot wallets, and 98% are in cold wallets. For the convenience of working on Bitstamp, you can open subaccounts linked to one account.
The hundreds of cryptocurrencies listed on this exchange include both top coins and little-known ones. Due to its high liquidity, the site offers good trading opportunities. To increase the security of working with the platform, all information about user funds is stored on separate cold servers. The commissions here are average for the market, but very quick and easy verification.
Coinbase is an old marketplace with a solid reputation. It has been in demand for several years now. Added a professional terminal for technical analysis GDAX, the ability to open new types of orders. In addition to the high level of security, user accounts on the exchange are insured, which eliminates the possibility of losing money. You can work with fiat.
The lowest fees among all cryptocurrency exchanges. The reliability of the OKex platform is confirmed by the fact that it is a subsidiary project of the OKCoin company. It is noteworthy that you can trade not only online, but also install the terminal on your hard drive, increasing the speed and stability of the system. There is high liquidity for all popular cryptoassets.
HitBTC offers work with fiat currencies – both input and output; there is no commission for replenishment. You can trade on the crypto exchange without verifying your account. The interface of the site is very beautiful and convenient, it has two versions – day and night. HitBTC has been operating for several years and has won the trust of users with its security and responsive technical support.
Bibox is a relatively new exchange, which in many respects is not inferior to competitors. It has a multilingual interface and supports a lot of languages. There are versions of the platform for mobile operating systems. You can save on commissions using the local BIX token, and you can also earn money using the referral program.
How to choose a cryptocurrency exchange
When choosing a cryptocurrency exchange, you need to pay attention to the following parameters:
- The number of currency pairs provided for trading and whether there is a required one. There are exchanges that work only with bitcoin (BTC) or a limited number of other popular cryptocurrencies, there are those that provide the opportunity to purchase almost any altcoin immediately after the ICO.
- Methods for depositing and withdrawing money from an account. Whether there are fiat currencies or replenishment (withdrawal) only with crypto. A significant plus will be the availability of the possibility of replenishment with those payment systems that are present in the region. For example, replenishment of the exchange account from Qiwi and Yandex.Money wallets, as well as from the popular electronic wallets AdvCash, Payeer, Perfect Money, Neteller. There is also the possibility of transferring money to the exchange from bank cards and cash. You need to pay attention to commissions, limits and restrictions. If the site does not have a convenient way to deposit money, then some exchanges can be replenished with voucher codes that are purchased in online exchangers (EXMO code, Livecoin voucher, etc.).
- Russian-language (or any other) interface of the site.
- Forum reviews and reputation. It is useful to go through the forums and read reviews about the work of the cryptocurrency exchange in which they intend to register. Since the competition in this market segment is very serious, negative reviews can be left by competitors. Therefore, it is better to enter a small amount on the exchange, trade and withdraw money – this way you can know for sure about the exchange’s fulfillment of its obligations to the client.
- Trading commission. When making each transaction of buying or selling cryptocurrency, the exchange takes a commission. It can be fixed (usually 0.2%) or depends on the trade turnover.
- Liquidity. If there is not enough liquidity on the site, then it will not work to purchase the required amount of cryptocurrency or buy it, but at a disadvantageous price.
- Country of registration and jurisdiction in which the exchange operates.
- Account verification (uploading identity documents). On some exchanges, trading operations can be carried out only after verification, on others – this restriction is absent or is limited to a daily limit. Verification is required without fail when replenishing your account by bank transfer or using other payment systems where this procedure is provided.
- For citizens of which country the services are provided. Some sites restrict visits or registration to users from other countries.
- Is it possible to trade using leverage or take a loan from other users.
- Site security and protection against hacking.
These are not all the conditions that you should pay attention to when choosing a cryptocurrency exchange. You can also note:
- A clear and user-friendly interface of the site.
- Prompt support service.
- Convenient charts and the ability to use additional tools: indicators, advisors, etc.
For diversification, we recommend registering on several cryptocurrency exchanges, making trial payments in small amounts and transferring cryptocurrency from the exchange to the main wallet. If everything goes well, then you can increase the amount of funds.
Continuing: “Bitcoin exchangers“.
Largest cryptocurrency exchanges by trading volume
Leading and largest cryptoexchanges in the world in terms of trading volume (September 2017), top 10:
- BitFlyer is the largest in Japan.
- Bithumb is South Korea’s premier.
This list is not permanent, positions in it may change every day.
Supplement: rating of exchanges as of February 25, 2018 by trading volume:
As you can see, Binance, Kraken, OKEx, Upbit have appeared in the ranking.
Article: “How to Buy Bitcoins Profitable”.
How to trade on the cryptocurrency exchange
We will show you how to trade on a cryptocurrency exchange and buy cryptocurrency using the example of the EXMO platform, which is in the top 30 of the leading world. The site has a Russian-language version and works with Russian rubles and Ukrainian hryvnia.
The official website of the cryptocurrency exchange: exmo.me.
The site features 13 popular cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero, Dogecoin, Tether, Waves, Zec); 5 fiat currencies (US dollar, euro, Russian ruble, Ukrainian hryvnia, Polish zloty); 45 currency pairs.
Trading pairs with the highest turnover: BTC / RUB (18%), BTC / USD (23%), ETH / BTC (8.8%), ETH / USD (6.5%), Ripple / USD (3%), BTC / EUR (7%), ETC / USD (3%). Total daily turnover of the site: USD 45.8 million. EXMO FINANCE LLP is registered in the UK.
- Registration on the exmo.me website and account confirmation. Verification is not required for work, but its passage will give the opportunity to use additional methods of deposit and withdrawal: top up the account by bank transfer SEPA or Wire Transfe; withdraw money to plastic cards USD or EUR.
- Wallets for fiat cryptocurrencies are created immediately after creating an account: USD, EUR, RUB, UAH, BTC, Dash, Doge, ETH, LTC, USDT, WAVES, XMR, ZEC, XRP. Unnecessary wallets can be hidden in the settings.
- Refill. The advantage is the ability to replenish the account of the cryptocurrency exchange with fiat currencies: Russian rubles, dollars, euros, hryvnias. Payment systems include: Qiwi, Yandex.Money, AdvCash, Payeer, Capitalist, Neteller, Perfect Money, MoneyPolo and others. You can profitably top up your balance through EXMO codes, which can be purchased at exchangers: 60cek, Xchange, ProstoCash.
- Cryptocurrency exchange or trade. The buying process on all exchanges is almost the same. On EXMO, go to the “Trades” tab and select a trading pair:
A buy or sell order is created: limit or by market.
If you choose limit execution, then the purchase of the required volume of currencies will occur at the price that will be set (if the rate reaches it). You need to establish a reasonable cost.
With market execution, you can buy cryptocurrency at the current price:
You can buy cryptocurrency at market value simply through the “Exchange” tab, specifying the direction and quantity:
In continuation: “How to buy Ethereum”
How to buy cryptocurrency on the Livecoin exchange
Another exchange where you can buy or exchange cryptocurrency is Livecoin. Features: has a site interface in Russian and works with fiat currencies: dollar, euro, Russian ruble.
On the exchange, you can buy 122 coins – from bitcoin and ethereum to little-known alcoins, 215 currency pairs are traded. Main trades: EHT / BTC (26%), BTC / USD (18%). Market Cap: 3,613 BTC.
To work you need:
- Register now.
- Top up the account in the “Balance” tab – select the account currency and payment system (fiat or crypto).
If the required replenishment method is not available on the site itself, then through e-currency exchangers (for example, ProstoCash), you can purchase a Livecoin voucher for almost any payment system and then enter the received code on the exchange website.
- Go to the “Trade” tab, select a currency pair:
- Purchase the required coin by creating a limit order (specifying the desired purchase price and volume) or by market.
The order book for buying or selling is available on any cryptocurrency exchange: