On this page we have collected all the necessary information for a novice crypto trader - below you will find our rating of cryptocurrency exchanges , which was compiled with the help of experienced traders, as well as answers to frequently asked questions, educational materials and tips to help you decide on which exchange to choose and how to get started in the world of cryptocurrency trading.
All information in the article is relevant for 2019 and is constantly updated , so you can be confident in its authenticity.

To quickly jump to the section you are interested in, use the table of contents:

Best Cryptocurrency Exchanges - TOP 10:

1. Binance is the world's largest crypto exchange!

The Binance exchange opened in 2017 and already in 2018 became the largest exchange in the World in terms of trading volume and number of users. Thus, in less than a year, this exchange has surpassed in popularity all other trading platforms that have been operating for years! Now the exchange is consistently among the top 10 largest cryptocurrency platforms in the World.

Binance has gained such popularity due to the fact that one of its founders is the creator of the BlockChain service (I think everyone who has worked at least a little with cryptocurrency is familiar with this service), and also due to the fact that this exchange has enormous functionality , which will satisfy even the most picky trader.

Main features of Binance:

• The largest and most reliable cryptocurrency exchange in the world.
• A large number of trading pairs - more than 200 and new ones are constantly being added.
• Huge functionality, everything you need for comfortable trading.
• Operational tech. support.
• Low commission for trading - only 0.1% (and you can also get a 20% discount!).
• Recently you can top up your exchange account with a plastic card!

Registration on the Binance exchange

2. EXMO is the best Russian cryptocurrency exchange.

In the name of the exchange, I indicated that it is Russian, but this is not entirely true - rather, it is the largest Russian-language exchange, because at the moment there are no completely Russian cryptocurrency exchanges (which would be created in Russia and work only with Russian users).

But EXMO is an exchange that is primarily focused on Russia and the CIS countries - according to one of the latest reports provided by the exchange itself, the number of Russian-speaking users on EXMO is more than 50%.

This is achieved due to the fact that EXMO works with a large number of fiat currencies, which are convenient for users from the CIS - such as WebMoney, QIWI, Yandex. Money and others. And also, EKSMO is completely, and most importantly - qualitatively, translated into Russian, so even if you do not know foreign languages, you will not have any problems with working on this exchange.

Thus, if you just have WM / QIWI / YAD and want to purchase cryptocurrency, then EXMO will be an excellent choice for you.

Main features of EXMO:

• The largest and most reliable cryptocurrency exchange in Russian.
• There are a sufficient number of cryptocurrencies - about 50, new ones are added periodically.
• The exchange interface is as simple and intuitive as possible - even a beginner can figure it out.
• Operational, 24/7 technical support. support in Russian.
• The average commission for trading is 0.2%.
• No identity verification is required and you can trade anonymously.
• Large selection of fiat currencies for depositing and withdrawing from the exchange - WebMoney / QIWI / Yandex Money and etc.

Registration on the EXMO exchange

3. LocalBitcoins – convenient cryptocurrency exchange.

LocalBitcoins is not a completely standard exchange. This trading platform is something between an exchange and a cryptocurrency exchanger. It's all about how trading takes place on this site:

And they go according to the following scheme - anyone can post here their “ad” like this: “I have 1 Bitcoin and I am ready to sell it at a certain rate for Rubles on a Sberbank card” (for example). As you can see, on LocalBitcoins, each user can submit his offer to buy or sell cryptocurrency for the currency he needs and at the rate he wants - this is as convenient and simple as possible.

Although the platform is international, it is also quite popular in Russia (and the CIS), so there are a large number of offers for buying/selling cryptocurrencies. Hence, there is a large selection of currencies for payments - you can always buy or sell cryptocurrency on this exchange, no matter what currency you use: from a Sberbank card, from Tinkoff/Alfa Bank, or for any electronic money - WebMoney, QIWI, YaD and others .

Main features of LocalBitcoins:

• Large and convenient international exchange.
• Works with practically any fiat currencies and cryptocurrencies !
• The most simple and understandable process for buying/selling cryptocurrencies.
• Operational tech. support.
• High commission for trading - 0.5%.
• No identity verification is required and you can trade anonymously.

Registration on the LocalBitcoins exchange

4. KuCoin is a new and already popular exchange.

Another very high-quality exchange, which is primarily aimed at traders. It has everything you need - a large selection of cryptocurrencies for trading, low trading commissions, mobile app for those who want to trade not only from their home computer and much more.

Due to all of the above, this exchange quickly gained popularity. It opened in 2017, and now already occupies one of the leading places in the world in terms of trading volume.

Main features of KuCoin:

• A large number of cryptocurrencies for trading (more than 300).
• 24-hour operational technical support. support.
• Low commission for trading - 0.1%.
• No identity verification is required and you can trade anonymously.

Registration on the KuCoin exchange

5. LiveCoin is another cryptocurrency exchange in Russian.

Perhaps this is the second cryptocurrency exchange in terms of trading volumes, which is aimed at users from the CIS countries - here, as well as on EXMO, everything is perfectly translated into Russian, and the exchange interface is simple and clear, so there are no problems with working on this exchange it shouldn't happen to you.

In principle, this is a “smaller” analogue of the EXMO exchange, which we discussed above. Just like EXMO, this platform works with fiat currencies that are convenient for users from Russia, for example QIWI .

There are two main differences between this exchange and EXMO: firstly, there are fewer users and less trading volume, so if you are an active trader and are going to make money by trading cryptocurrencies, it is better to choose a larger exchange. Secondly, there are noticeably more different cryptocurrencies traded on LiveCoin - so if you haven’t found the cryptocurrency you need on EXMO, then it makes sense to try this exchange.

Main features of LiveCoin:

• A simple and convenient exchange in Russian.
• Intuitive interface.
• Operational tech. support.
• The average commission for trading is 0.18%.
• No identity verification is required and you can trade anonymously.

Registration on the LiveCoin exchange

6. Poloniex is a large international platform.

The Poloniex exchange is one of the largest cryptocurrency exchanges in the world, both in terms of trading volume and number of users.

This exchange has a very decent number of trading pairs, and also implements all the functionality necessary for a serious trader - in general, an excellent choice for professional traders.

But this exchange also has a rather big disadvantage - to work on it, identity verification is required. That is, it will be necessary to send to those. exchange support various photographs (passports, you yourself holding a passport, etc.), and also be sure to indicate your real data (name, address, etc.) in your profile: without this, you simply will not be allowed to perform any actions on the exchange - it will not be possible even top up your balance or withdraw money from the exchange if you do not confirm your identity.

Therefore, if you have no desire to undergo verification (and passing it is not so easy), then this exchange is not for you. If verification doesn’t bother you, I recommend trying this exchange.

Main features of Poloniex:

• Large international exchange for experienced traders.
• A large number of supported cryptocurrencies (more than 100)!
• Operational tech. support.
• Identity verification required!

Registration on the Poloniex exchange

7. CEX is a popular exchange all over the world.

This trading platform is one of the most famous in the world, because... It has been running since 2013 and has a huge number of users.

CEX began its activities as an exchanger rather than as an exchange, and in general it was not far from being an “exchanger”. Because only about ten of the most popular cryptocurrencies for trading are still available on this site. Thus, this exchange is most likely not suitable for a serious trader, but if you just want to buy or sell cryptocurrency, then you can do it on CEX.

There is also another sad feature of this exchange, which is that in order to trade you need to confirm your identity - that is, go through verification (as on the previous exchange you will have to send copies of your passport, etc.).

The truth here is that everything is not so strict - without verification you can buy and sell cryptocurrency on CEX, but in order to participate in trading on the exchange you already need verification. Thus, as I wrote above, if you just need to buy or sell crypto a couple of times, then CEX is quite suitable for you, but if you are a trader, then this exchange is clearly not the best exchange for you.

Main features of CEX:

• Only a few of the most popular cryptocurrencies are available.
• Operational tech. support.
• The average commission for trading is 0.25%.
• Mandatory identity verification to participate in trading on the exchange! You can buy or sell cryptocurrency one-time anonymously.

Registration on the CEX exchange

8. HitBTC is a proven international exchange.

This exchange is very good - it has been operating since 2013, during its operation it has gained a very significant number of users, and has also increased decent trading volumes.

There are also plenty of cryptocurrencies to choose from for trading, and most importantly, the commission for trading here is one of the lowest.

Among the minuses of the exchange, it is worth noting that the exchange does not work with fiat. That is, if you do not have cryptocurrency, then you will not be able to start working with this exchange - you will need to first buy a cryptocurrency somewhere, for fiat, and only then transfer the purchased cryptocurrency to HitBTC and only then you will be able to start trading. I would also like to mention that people often complain that trading on the stock exchange is “slow.” I myself have noticed similar “brakes” - the exchange often cannot cope with the load and begins to slow down.

Main features of HitBTC:

• One of the oldest international cryptocurrency exchanges.
• A large number of cryptocurrencies (more than 200) and new ones are being added.
• Operational tech. support.
• Low commission for trading - 0.07%.
• No identity verification is required and you can trade anonymously.

Registration on the HitBTC exchange

9. BitFinex is a large but expensive exchange.

I’ll answer right away why this platform is “expensive”: because to start trading on it you need to deposit at least $10,000 into your balance, and obviously the exchange is clearly not suitable for beginners and people who don’t have that amount.

But the lucky owners of $10,000 can bring it to the BitFinex exchange and appreciate all the delights of this trading platform - such as a simple and convenient interface, the presence of all the functions necessary for a trader and even a mobile application.

As for the reliability of this exchange, there are no questions here. The exchange has been operating since 2013 and has acquired a large number of users and good trading volumes, which is why it introduced such a limit of $10,000 for new traders, because the exchange already has enough users and apparently it doesn’t really need new ones.

Main features of BitFinex:

• The exchange has been translated into many languages, including Russian.
• A small number of the most popular cryptocurrencies are presented (about 20).
• 24/7 operational tech. support.
• No identity verification is required, but to activate your account you need to deposit $10,000 into your exchange balance.

Registration on the BitFinex exchange

10. YoBit is a good but bad exchange.

You are probably perplexed by the title - how is it that the exchange is good, but bad? Well - the YoBit trading platform at first glance is good from all sides - it has quite large trading volumes, a huge number of supported cryptocurrencies, and it is also well translated into Russian and even works with payment system QIWI, which will undoubtedly be a big plus for traders from the CIS.

But there are two very big problems with this exchange - firstly, it receives quite a lot of complaints about account hacking and theft of funds from user accounts - such complaints come to absolutely all exchanges (since many people are illiterate and do not know how to protect their accounts from hacking) , BUT there are noticeably more such complaints about the YoBit exchange than about any other exchanges, which suggests that the exchange is not very reliable.

And the second problem with YoBit is the sooooo slow tech. support, they answer about once a week, or even once every two weeks, and it doesn’t matter what problem you have - simple or serious, don’t hope that they will. support will respond to you earlier than a week after your request.

Thus, the exchange turns out to be quite good in terms of functionality, set of currencies, etc., but there are doubts about its reliability, and there is actually no technical support. support, so if you decide to trade on this exchange, it is at your own peril and risk.

I’ll add on my own that I personally worked with this exchange for more than four years and kept a decent amount of money on it and never had any problems, but in any case, I think it’s worth warning you that there are quite a lot of complaints about this exchange, so if you decide to If you work with it, it is better not to keep large sums on your account.

Main features of YoBit:

• The exchange has been translated into many languages, including Russian.
• A huge number of cryptocurrencies (more than 300) and new ones are being added.
• Very slow technical support.
• Low commission for trading - 0.2%.
• No identity verification is required and you can trade anonymously.

Registration on the YoBit exchange

Which exchange to choose:

And so - above I have listed the 10 best crypto exchanges, among which each of you can find something to your liking, but if you still cannot decide how to choose the ideal cryptocurrency exchange for yourself and where to start, then I will try to give you advice :

If you want to earn money by trading cryptocurrency on the exchange - then you should definitely pay attention to the EXMO or LiveCoin exchange. These exchanges are far from the largest, but they are aimed at ordinary people and even a beginner can figure them out, and these exchanges also work with such fiat currencies as WebMoney, QIWI and Yandex. Money, which will be another plus for all traders from the CIS countries.

If you are not going to engage in trading, but just want to buy or sell cryptocurrency occasionally - then feel free to register on LocalBitcoins, there you can quickly and easily buy or sell cryptocurrency, for any fiat money you need, both electronic and from plastic cards of Russian/Ukrainian or other banks!

If you are new to the field of trading and you are interested in how you can start trading cryptocurrency, then everything is quite simple - first you need to choose the exchange on which you will trade (I think, having read what I wrote in the previous paragraphs of the article, you have already decided on choosing an exchange), and then you can start trading - the diagram of how to do this looks absolutely the same everywhere:

1. Register on the desired exchange
2. Replenish your account balance
3. Go to the bidding section
4. Buy/sell cryptocurrency
5. Withdraw your earned money

In general, there is nothing complicated here and I think almost everyone can handle it without difficulty, but if you can’t figure out how to enter money into the exchange and start trading, then check out the video where the process of working with the exchange is discussed using EXMO as an example (on other exchanges everything is similar):

But I think for most, the most difficult point is how exactly to make money trading cryptocurrency? And they make money on cryptocurrency in exactly the same way as on trading regular currency: you try to buy the cryptocurrency cheaper and then sell it at a higher price when the rate rises - it sounds very simple, but in order to become a good trader and earn a stable income from trading cryptocurrency, many people have to study for a very long time.

Therefore, in the video below you can familiarize yourself with a working strategy for making money on cryptocurrency exchanges, which even a novice trader can use:

How to protect your account on the exchange:

Why is this happening? Are all cryptocurrency exchanges really dishonest and periodically steal from users? No - there is no point in exchanges stealing from their own users, and such a large number of negative reviews is explained by the fact that:

• In general, only dissatisfied clients leave reviews for anything - after all, you must admit that if a person works on the stock exchange, everything is fine and there are no problems, then most likely he will not have the thought of going and leaving a positive review somewhere, that this The exchange is cool and good.
  But if someone has problems with the exchange, then he immediately goes to write angry reviews on it wherever possible. Therefore, there are always more negative reviews than positive ones - even if the exchange is great, simply because positive reviews Usually no one writes.
• The vast majority of users are illiterate in matters of Internet security and do not understand how to protect their account on the exchange. Therefore, their accounts are easily hacked by hackers, and the exchanges are not at all to blame for this.
• Cryptocurrencies in most countries are still not recognized by law and from the point of view of legislation they are nothing and worth nothing - just “candy wrappers”, so if a hacker hacks your account on the exchange and steals cryptocurrency, then the police will not look for anyone (and even if they do) , then it’s almost impossible to find) because from the point of view of legislation, they just stole “candy wrappers” from you, not money.

So it turns out that due to the fact that the theft of cryptocurrency is not punished and because it is almost impossible to find the thief of cryptocurrency, it is a tasty morsel for hackers - after all, you can fearlessly hack into user accounts on exchanges and steal tens of thousands of dollars in cryptocurrency without fear of liability. And the fact that most people do not know how to protect their accounts leads to them being hacked quite often, hence the dozens of negative reviews on cryptocurrency exchanges.

Now let's move on to the most important thing - how to protect your account from hacking:

Enable Two Factor Authentication:
Be sure to install two-factor authentication using Google Authenticator on your exchange account and on the mailbox you use to work on exchanges.

For those who are not familiar with two-factor authentication, I’ll explain - you install a special application from Google on your smartphone, called “Google Authenticator” and link this application to your account on the exchange and to your mail:

After these steps, every time you log into your account on the exchange or your mail, you will be asked for an additional password, which is generated by the Google Authenticator application - thus, even if a hacker finds out your login and password from the exchange, he will not be able to get in to your account, because he will also need the password from the Google Authenticator application installed on your smartphone. Accordingly, only the owner of your phone will be able to access your account - that is, only you.

Do not “shine” your Login and Mail
Many people believe that a complex password is the most important thing to ensure that the account is reliably protected and forget about the importance of the login. After all, to get into your account you need to know not only the password, but also the login.

And it would seem that the login is always visible, how can you hide it? It’s very simple: come up with a separate unique login and mailbox for exchanges, and use this login and mailbox only on exchanges, and for forums, social networks. networks, etc. use a different login/mail.

This way, no one except you will know your name on the exchange - and if you don’t even know your login, then how to hack your account?

Create a complex Password
Do not use simple passwords like “qwerty” or your date of birth; they are very easy to guess, and it is also advisable to come up with a separate password for accounts on exchanges, which you will use only for working with exchanges and nowhere else.

Don't be fooled by Phishing and Viruses
The last point will be devoted to the human factor. A lot of hacking of accounts occurs due to the carelessness of people, for example - they send you a letter by email from the exchange on which you trade, asking you to change your account password, because... yours is outdated.
You follow the link from the letter to the exchange, enter your current login and password there, and then enter a new one (which you want to change to), and then it turns out that the letter that you received was not from the exchange at all, but from criminals and the site you went to and entered your username and password there is also not an exchange, but simply a site for collecting passwords that copied the design of the exchange 1 to 1. And just like that, you inadvertently gave your username and password to attackers.

The second is viruses. There are a huge number of viruses and they come in a wide variety of types, for example, you can install some “useful” browser extension for yourself, and then it turns out that this extension records all your actions and sends the passwords that you enter on sites to the creator of this extension.

In general, there are hundreds of examples of such tricks from criminals and it is impossible to list them all here, so to protect yourself, adhere to the following rules: do not follow dubious links, do not download or install dubious files and applications, and always carefully check the address of the site on which you enter your username and password - is this really a cryptocurrency exchange site or just a site that copied its design and collects passwords?

Well, that's all I wanted to tell you about the security of your account, I hope you learned that:

It is necessary to install two-factor authentication in an exchange account And on your mailbox This simple action will immediately protect your accounts from hacking by 99.9%. All the other techniques that I listed are not mandatory, but they can also help and increase the security of your funds.

Best Cryptocurrency Exchanges in Russian:

Almost all cryptocurrency exchanges are translated into several different languages, including Russian, so even if you don’t know a foreign language, you can work with any of them without any problems. But the translation on some exchanges leaves much to be desired - the creators of the site simply ran all the texts through Google Translator and that’s it. In general, of course, the translation turns out to be more or less understandable, but still very “crooked”.

It is also worth considering that not all crypto exchanges work with electronic money familiar to Russian people, such as QIWI or Yandex Money.

Below I have provided a list of exchanges that are well translated into Russian and also work with Russian currencies, so these exchanges are most convenient for users from Russia and the CIS countries:

Name	High-quality translation	Supported currencies
EXMO	Yes	WebMoney, QIWI, YAD
LocalBitcoins	Yes	WebMoney, QIWI, YaD, Bank Cards
LiveCoin	Yes	QIWI
YoBit	Yes	QIWI

As you can see, the list of the most convenient cryptocurrency trading platforms in Russian is very small, because... Few exchanges target users from Russia, but I think the exchanges listed above should be enough for any trader.

Reliable cryptocurrency exchanges TOP-5:

And now I would like to talk a little about the reliability of cryptocurrency exchanges. Let’s consider a question like: “ official exchange" The fact is that in the comments many people ask - is there any official or state-owned, most reliable cryptocurrency exchange? And the answer to this question is no.

There are no “official” or government-owned crypto exchanges. All currently operating cryptocurrency exchanges are private companies.

The fact is that in most countries of the world (including Russia), cryptocurrency is still very weakly regulated by law or is not recognized at all, and it is simply impossible to legally create some kind of state exchange.

Thus, absolutely all currently existing cryptocurrency exchanges are just private companies created by a specific person or group of people. Anyone reading this article can now hire programmers and create their own cryptocurrency exchange.

It turns out that if all exchanges are just private companies, how can we talk about their reliability? Here I will give a parallel - there is the Apple company, which is very large and famous throughout the world, and there is the Horns and Hooves company, registered somewhere in Cyprus - both of these companies are private, but it is obvious that the first is very reliable, and the second is not .

The reliability of a cryptocurrency exchange is determined in approximately the same way - they look at its popularity, trading volumes, user reviews, as well as who is the owner of the exchange and where the company is registered with this exchange. Obviously, the most famous, large exchanges, whose owners do not hide their identities, and whose company is registered in large countries, and not somewhere “in Cyprus,” are the most reliable.

Accordingly, I would present the TOP 5 reliable cryptocurrency exchanges as follows:

Name	Popular	Owner known	Official company
1. Binance	Yes	Yes	Eat
2. BitMex	Yes	Yes	Eat
3. KuCoin	Yes	Yes	Eat
4. Huobi	Yes	Yes	Eat
5. OKEx	Yes	Yes	Eat

I would only like to add that, firstly, now there are at least several dozen cryptocurrency exchanges, which in my opinion are quite reliable (just if you list them all, the list will be huge), for example, the EXMO exchange meets all reliability criteria, but was not included in the list above, because it is less popular than the exchanges that were listed.

And secondly, you must understand that everything made by man is not ideal, and all cryptocurrency exchanges, as you probably guessed, were made by the same people as you and me, and people often make mistakes, so not a single exchange can give you have a 100% guarantee of reliability, simply because the programmer who created this exchange could, for example, make an error in the code and because of this error, hackers could then hack the exchange and withdraw all the users’ money from there.

Of course, any cryptocurrency exchange takes security very seriously and ensures the maximum protection of your funds - all code is checked 100 times by security specialists so that there are no errors and hacking does not happen, but in any case - as I said, everything what is made by man is not perfect, so no matter how large and reliable the exchange is, it still will not give you a 100% guarantee of the safety of your money.

If you are going to store a large amount of money on exchanges, then do not choose just one exchange, but distribute your funds across 5-10 different exchanges, so even if one of the exchanges is hacked, you will only lose a small part of your money.

Terms for a novice trader:

And I would like to make the last part of our article more exciting and distracted from money, ratings and security.

Almost every popular cryptocurrency exchange has its own chat where users can freely communicate with each other - share ideas, news, etc. And most traders, when communicating in a chat, use professional slang, which most likely will be incomprehensible to a beginner. Therefore, so that when you start trading on the stock exchange, you don’t feel like a black sheep and understand what others are talking about, let’s look at the basic terms that you can hear in exchange chats:

Bull market- this is a situation when the price of a currency pair is rising and other traders are strengthening this trend by actively purchasing currency.

Volatility - a characteristic reflecting the rate of change in the price of a specific cryptocurrency per unit of time. For example, if the price of Bitcoin increased by 20% in a day, then we can say that Bitcoin showed high volatility today.

Dump- from the English Dump (reset). A decrease in the price of cryptocurrency due to the fact that it began to be actively sold.

Whales- major players in the market who own a lot of money and are able to influence the market.

Correction- temporary movement of the currency price in the direction opposite to the current trend. For example, if the price of Bitcoin rose 10% and then fell 5%, then we can say that there was a 5% correction.

Elk- from the English word loss (loss). Indicates a bad deal (loss of funds). For example, you can say “I caught a moose today,” that is, I made a bad deal and lost money.

Bear market – this is a situation when the price of a currency pair is declining and other traders are strengthening this trend by actively selling the currency.

Order- an application put up for auction to buy or sell cryptocurrency.

Pump- from the English Pump (pumping). An increase in the price of cryptocurrency due to the fact that it began to be actively bought.

Hamster- a beginner who understands little about cryptocurrency trading.

These are the basic terms that I could remember - if you come across any other terms that you do not understand, then do not hesitate to ask in the comments. Also, do not be afraid to ask any questions regarding crypto exchanges and working with them - I will try to answer everyone.

Modern exchanges for working with allow you to exchange your coins for other currencies, as well as make exchanges involving fiat money. And if ordinary exchangers work with huge percentages when transferring to fiat and back, then you can find attractive conditions on exchanges.

Representatives of the TOP 10 were selected according to many criteria, such as commissions, turnover, number of currencies and currency pairs, freedom of use and other indicators.

1. Binance

Having appeared in 2017, Binance almost immediately found itself in the first positions. The headquarters is located in Hong Kong, which gives some confidence in the future. The creators of the site themselves are experienced investors and cryptocurrency miners, so the service took into account many user-friendly nuances.

The main advantages are:

• ease of use, availability of Russian version;
• the commission for transactions within the site is minimal - 0.1%;
• input can be made without any commissions;
• there is no need to undergo verification, but it is desirable;
• 87 exchange instruments are available, the list is expanding;
• there is a mobile application.

Ease of use and simplicity have become important additions to low fees. There are no particular problems according to the reviews, we can talk about the highest reliability of this service, which is why it gained a foothold in the TOP and became a leader in such a short period of time.

2. EXMO

One of the leaders in the Russian-speaking market, the EXMO exchange is loved by investors from the CIS countries. The user-friendly interface turned out to be an important advantage among most others. It is also pleasing to see the presence of all popular and in-demand currencies in the service’s assets.

It is worth paying attention to the following advantages of the site:

• only 0.2% commission on each transaction carried out within the system;
• the ability to exchange for fiat money and purchase crypto for rubles, dollars, euros;
• withdrawal of funds is as fast as possible - from 5 to 20 minutes;
• instant execution of operations, a few seconds for processing;
• high rating among users in Russia.

User reviews confirm that there are practically no glitches or problems in EXMO, which is why the tool is in demand among beginners. But experienced investors will also find for themselves best option using the capabilities of the service. The Russian version is the main one.

3. BitFlip

The project was created in 2017, but already occupies high positions in all modern ratings. The Russian-language version remains the main one, the creators of the project are Russians. Considering the extensive experience of developers in the field of cryptocurrencies, the platform turns out to be quite convenient and has the necessary functionality. This makes it possible for every investor and coin owner to receive required services no problem.

Important features of BitFlip are as follows:

• Russian technical support responds well and politely helps resolve all issues;
• there are a number Russian systems payments such as , ;
• withdrawal and deposit of fiat money for a small commission - from 1.9%;
• minimum thresholds for withdrawing cryptocurrencies (for example, for Ethereum it is only 0.0001 ETH);
• very clear and simple interface, no additional knowledge required to use.

BitFlip does not intend to compete with the market mastodons, but the project has attracted its share of investors. Targets small investors and beginners. True, the commissions are quite high.

4. YoBit

The YoBit project also has a convenient Russian-language version without significant difficulties in use. The project supports working with an incredible number of instruments - more than 1000 pairs for trading and generating speculative income. There are even currencies here that are not represented on any other exchange.

There are a number of important benefits to keep in mind:

• the commission on YoBit is 0.2%, and this is quite an adequate option;
• high level of protection for verified accounts, there is no risk of being robbed;
• regular lotteries, promotions and prizes for active users;
• convenient operation for both holders and traders;
• fast execution of orders, a few seconds for any pairs.

There is live communication in the chat, where the majority of participants are Russian-speaking. But YoBit has a number of disadvantages. For example, this project is not suitable for complete beginners who know nothing about cryptocurrencies. In this case, you should choose a simpler tool.

5. Bittrex

Another well-known exchange, operating since 2015. Reviews indicate fairly high reliability and protection; not a single case of theft of cryptocurrencies from verified accounts has been recorded. Please note that in order to withdraw funds from Bittrex you will have to go through verification. Many users were faced with the fact that input is free, and in order to receive their funds back, the site required passport data.

The important operating factors of Bittrex are as follows:

• quite a wide variety of trading instruments;
• high-speed execution of orders, there are practically no hitches;
• commissions differ for each currency, in most cases they are low;
• security for verified users, but low security for others;
• high reliability and stability.

A problem for many CIS residents may be the lack of a Russian version. The site is only available in English. It is possible that due to this factor, Bittrex never experienced significant growth in Russia.

6. HitBTC

Created in 2013 in Britain, it is known for its high security against attacks and hacking. During the entire period of work there were no problems or troubles with the operation of the service. This exchange is used by lovers of bots for trading, as there are optimal conditions for such trading.

Among the important advantages of HitBTC are the following features:

• only major currency pairs, but excellent implementation of working with them;
• commission 0.1% for transactions within the system, which is quite adequate;
• simplest interface, convenient use of all system functions;
• convenient analytics, constant news and tips for convenient trading;
• one of the few services with a demo trading mode for beginners.

If you want to get started with cryptocurrencies, it's time to pay attention to HitBTC. Convenient use and low commission will be big advantages for you. Account security and good support will also make using the service easier.

7. Kraken

Today, Kraken’s audience has decreased somewhat, and the exchange has left the TOP 5 of the main ratings. The reason for this is the emergence of more convenient and easy-to-use competitors. At its core, this tool is quite convenient and has many important advantages. But using them all is quite difficult, and reviews confirm this.

Here are the main features:

• to this day the service has maintained high turnover and good speed;
• commissions are flexible, you can exchange for some pairs with 0% commission, on average 0.2%;
• availability of functionality for robots, well-thought-out automated trading;
• improvement, constant refinement, fast and clear technical support;
• mobile application and other interesting features for the user.

If you are just starting your journey into the world of cryptocurrencies, it is worth starting with other exchange options. But for an experienced user, Kraken will be one of the best services. Low commissions, good conditions and high speed of processing orders will help you trade professionally within 56 currency pairs.

8. Bitfinex

One of the leaders in terms of trading volume and capitalization among all existing services. There is a good Russian-language version, a well-thought-out and simple interface. There are quite a lot of currencies, the turnover and the number of users are constantly increasing. This means that this tool may soon become a market leader.

Among the important advantages are the following features:

• excellent security, according to the developers, there is no risk of hacking;
• convenient graphical tools for analytics and forecasting exchange rates;
• availability of support and news for better market analytics;
• convenient applications that make it easier to trade and stay in touch;
• margin trading, tools for professional traders.

The service is convenient for many investors, holders, traders and other participants in the cryptocurrency market. Bitfinex is best suited for solving simple problems, but there are also a number of advantages for experienced traders. Therefore, this exchange consistently occupies high positions in the ratings.

9. Livecoin

This tool is convenient for working with fiat money. There is input and output of dollars and rubles, so the service is perfect for purchasing crypto. The platform occupies important positions in the CIS market, displacing smaller competitors without any particular difficulties. The resource is quite convenient and has the following advantages:

• a huge number of pairs for trading and making a profit;
• There is a Russian language, the interface is quite convenient, there are no problems with understanding;
• reliable data encryption, which is confirmed by experienced experts;
• Russian-speaking support service, adequate response time to requests.

Among all the instruments in the BTC-RUB exchange direction, this platform has been ranked first for more than one year. Small commissions with a floating rate depending on the time of day and currency pair allow you to easily exchange fiat money for cryptocurrency and back. It works out much cheaper than in exchange offices.

10. Poloniex

Another well-known exchange that has lost several positions in the rankings in the last year. Nevertheless, it remains popular and active in the Russian-language market of cryptographic services. The main clients of the service are miners. For small amounts there are very convenient conditions for exchange, storage and withdrawal.

Among the advantages, the following features are noted:

• more than 100 active instruments for investing and trading;
• floating commissions from 0 to 0.25%, most pairs have a commission of 0.2%;
• very high level of security provided by the American team;
• The exchange is one of the leaders in terms of financial turnover.

The functionality is quite narrow, but for the target audience it turns out to be the most attractive. Miners get optimal opportunities to exchange their assets here. Of course, for large investors, Poloniex has faded into the background behind the market leaders, but in Russia the project remains in the top ten services.

	Interface languages	Transaction fee	Tools of the trade	Deposit/withdrawal of funds
	English, Russian, Chinese, Japanese, Korean, Spanish, German, French		295 currencies, 121 active instruments	only direct transfers to your cryptocurrency wallets
	Russian, Ukrainian, Polish, Chinese, main European languages		BTC, USD, UAH, RUB, PLN, as well as major cryptocurrencies	Payeer, AdvCash, MoneyPolo, Visa/MasterCard; input also via QIWI, OkPay
	Russian English		main cryptocurrencies, as well as USD, RUB, EUR, UAH	Interkassa, AdvCash, Payoneer, Perfect Money, QIWI, WebMoney, Payeer, Capitalist
			all known cryptocurrencies	QIWI, Payeer, Capitalist, Perfect Money; withdrawal also to Visa, WebMoney, Yandex Money, mobile number
	English		272 trading pairs	replenishment and withdrawal of BTC by direct transfers to your wallets
	English, Japanese, Korean, Chinese		more than 20 active trading pairs	replenishment of USD or cryptocurrency by direct transfers, withdrawal of cryptocurrency to your wallets
	English, Japanese		57 trading pairs	bank transfers USD, EUR and replenishment from cryptocurrency wallets
	Russian, English, Chinese		56 pairs for bidding	bank transfers, input is also possible in AdvCash
	English, Spanish, Russian, Portuguese, Indonesian, Turkish, Italian, French		9 pairs, including crypto and fiat	Payeer, Perfect Money, QIWI, AdvCash, Capitalist, Visa/MasterCard and cryptocurrency wallets
	English		more than 90 trading pairs	only direct transfers from cryptocurrency wallets

Exchanges without verification

1. BTC-E
2. Poloniex
3. Livecoin
4. YoBit
5. HitBTC
6. Cryptopia

Please note that verification on any exchange increases the security of the coin owner and allows you to expand the current withdrawal minimums in almost all cases.

Russian

1. C-CEX
2. Usercryptos
3. Vircurex

Chinese

1. BTCChina
2. OKCoin
3. Huobi
4. BitFinex

Ukrainian

1. E-BTC
2. BTC-Trade
3. OBI.CO
4. UA-BIT
5. BTCZoo

Belarusian

1. Exrate
2. Bitexbook

American

1. Kraken
2. Poloniex
3. Bittrex
4. Coinbase

Korean

1. Bithumb
2. CoinNest
3. CoinOne
4. YoBit

FAQ

We will answer the most common features of exchanges so that you can make the right choice.

Is it possible to store cryptocurrency on exchanges?

This is a popular question from new users to the support services of certain platforms. Most exchanges have implemented their own wallets, which store all user cryptocurrency reserves. Only a few provide users with the opportunity to exchange bitcoins and other coins without the intermediation of the exchange itself, but this is very unsafe.

Therefore, the answer in this case is yes. Most popular exchanges allow you to store cryptocurrency on their premises. But this is not the best or safest way to store large amounts. Store on them only the volume of coins that you intend to trade in the near future.

How to choose a good exchange?

The choice should be based on criteria that are important to you. For some it will be safety, for others it will be the cost of operations. It is best to choose an exchange based on a set of factors, which includes the following important criteria:

• average commission and history of its changes, frequency of increases;
• minimum amount of withdrawal and input of currencies to get the required flexibility;
• transaction processing time (it’s better to look at user reviews);
• security, encryption, changeable addresses for each operation;
• positive reviews, large turnover of funds every day.

If you are going to deposit large amounts, pay special attention to the commission. Every tenth of a percent will turn out to be quite an important indicator for you. Also pay attention to the possibilities of trading with the help of robots and other subtleties that are important to you individually.

How much can you earn on a crypto exchange?

This is a purely individual question, and the amount of income depends on your trading skills. It is also important to consider market movements. In one case, the user will not fully study the analytical information and will buy coins when their price decreases. In this case, you will not be able to earn anything. If you study information from leading analytical agencies, look at the history of the movement of currency pairs, and also conduct technical analysis, you can earn an impressive percentage.

The history of recent years knows cases when investors earned millions of dollars by investing just a few thousand USD own funds. But for this it is important not to be afraid to take risks and be able to correctly interpret the data indicated in analytical reports. Moreover, the crypto market can completely change in a few minutes after the release of one important news. So to make money, you should keep your finger on the pulse of events constantly.

How can I withdraw money?

Withdrawing funds from each exchange has a number of features. For the TOP 10 sites listed above, we conducted research and indicated ways to withdraw money. Many exchanges do not work with fiat money, so to withdraw funds, you will first have to withdraw cryptocurrency to personal wallets, and then exchange your coins for fiat money using exchangers or other services.

Withdrawals are also possible directly from sites that support the sale of coins for USD, RUB or EUR. There are quite a lot of such platforms on the Russian-language Internet, some of them were in the TOP 10 of the most popular and high-quality exchanges and were presented higher in the ranking. Exchanging coins for fiat money is quite simple; to do this, you need to create your own order or accept an already placed order from another user of the site.

How can I find out which exchange a certain cryptocurrency is traded on?

The easiest way is to use the most popular and well-known exchanges, which provide access to almost all known coins. For example, YoBit provides access to tools that are not available on any other service. That is why this tool remains popular even after two stories of hacking and theft of accounts without verification.

You can find out where a specific rare currency is traded from its developers. This information is most often provided on the official website. If it is difficult to find, ask a question in the search engine. Most likely on specialized forums This question has been discussed many times, and you can easily find the answer.

How to transfer cryptocurrency from exchange to exchange?

To some extent, all projects on the market are competitors. Moreover, if they work with the same cryptocurrency. Therefore, there is practically no direct translation anywhere. Most often, you will have to get a separate wallet or service for storing currency. You can then withdraw funds from the exchange you used and then transfer your Bitcoin or altcoins to another service.

It is best to use personal wallets for long-term storage. Hot storage on various online services is becoming increasingly popular. Cold storage on hardware wallets is less flexible and is only suitable for large amounts. Remember that you will pay an additional fee for withdrawing funds from most exchanges.

Results

There are still a number of users who are convinced of the dangers of cryptocurrency services for exchanging and trading coins. Therefore, they use traditional exchangers and pay a commission of 5-6% for each transaction. This does not suit traders and those investors who make money on small transactions of exchanging and selling coins. There is no need to be afraid of exchanges, but it is important to follow certain rules of behavior with these sites.

In particular, It’s best not to keep all your savings on one exchange. Store in services only the amount of coins that you use for trading. It is better to withdraw all funds for long-term investments to wallets and more reliable services. Exchanges are constantly subject to attacks and hacks, so it is better to verify your accounts, even if it is not an easy process. Otherwise, you will not encounter any significant risks or problems.

Cryptocoin trading is developing every day, and, as a result, the list of world exchanges is regularly updated with new platforms for trading major cryptocurrencies and numerous altcoins.

A cryptocurrency exchange is an online resource that allows you to buy/sell electronic money online.

Today there are more than 300 decentralized exchanges, but if you compare prices for the same currency pair on different exchanges, then among them it is easy to identify the best ones, which allow users the most profitable use the difference in rates and make money on it. This is the so-called cryptocurrency arbitrage - simple and quick way make money on crypto.

• #1 exchange in the world in terms of trading volume;
• supports fiat money: RUB, UAH, EUR, KZT and others;
• availability of margin trading: trading with leverage from x2;
• fastest growing Chinese exchange with its own cryptocurrency BNB, which was created with the goal of attracting seed funding with the help of;
• traders are attracted low commissions - 0.1%;
• it is important to note high performance: the exchange processes up to 1.4 million orders per second;
• the site supports most popular cryptocurrencies and makes it possible to create one for each of them;
• provides wide range of professional tools for trading and analytics.

2.

• Top trading platform with high daily turnover and at the same time reliable storage with the highest possible security measures;
• On the market since 2014: no hacking or theft of user funds;
• Easy registration in the system and the absence of mandatory verification;
• Works only with cryptocurrency, fiat does not support;
• Low commissions on transactions;
• Liquidity for the XBT/USD pair – 1500%;
• Record leverage: up to x100 on ;
• High leverage on contracts in altcoins and possibility of margin trading with leverage 100x;
• Trading contracts no expiration date;
• No restrictions on withdrawal(only possible in bitcoins);
• Manual request processing to withdraw funds;
• Continuous checking of balances and account history;
• Demo trading in test mode;
• Advanced API;
• Multifactor security system;
• Russian-language trader chat;
• Fast technical support 24/7: average response time is 1 hour.

3.

• top Russian-language crypto exchange, which is different high safety requirements(this is why a large number of trading pairs are not added, and the emphasis is on the main cryptocurrencies);
• the exchange offers the possibility of withdrawal to rubles, dollars and euros(the most popular pairs are BTC/RUB, BTC/USD, /RUB, ETH/USD);
• is different high speed: transfers within the network take literally a few seconds, and withdrawals take from 5 to 30 minutes;
• low commission – 0.2% per transaction.

4.

• 3rd place in the world ranking of cryptocurrency exchanges in terms of total trading volume, which is more than $518 billion in 24 hours ( according to CoinMarketCap);
• reliability: 5 years of experience in the field financial services digital assets;
• Demand: the total volume of user assets on the platform exceeds $10 billion;
• Increased security: the platform uses a specialized distributed system of protection against hacker attacks, and 98% of user funds are stored offline in “cold” multi-signature wallets;
• User Focus: priority compensation system and investor protection fund;
• An ever-expanding global ecosystem: service centers around the world;
• Multilingual: interface with support for 13 languages, including Russian;
• Huobi cashback privileges: invite friends and get 30% of their commissions;
• Multi-platform access: mobile applications for all platforms (iOS, Android, Windows and Mac).

5.

• One of the world's leading trading platforms with high trading volumes;
• International focus: providing services worldwide and offices in almost a hundred countries;
• License to provide services in EU countries;
• Easy registration and lack of mandatory verification;
• High speed: processing 1.6 million orders per second;
• In the listing - more than 300 trading pairs and regular updating of the listing with new coins;
• No commission for Makers and the commission is only 0.1% of the trading transaction amount for Takers;
• Native BF token, mined using the trans-fee model;
• Buying cryptocurrency using credit cards VISA and MasterCard;
• Reliable solutions for managing account security: 2 FA, linking to email, phone number, trading password.

6.

• Popular Hong Kong crypto exchange, focused including on Russian market and translated into Russian;
• Cryptocurrency trading immediately after registration, to trade fiat you need to pass verification;
• Spot trading of major cryptocurrencies such as Bitcoin (half of all trades), EOS, Litecoin, NEO, Monero and many others - total 130+ liquid digital assets;
• Translation of the site into 9 languages, including Russian;
• Fiat support: Euro (EUR), US Dollar (USD), British Pound (GBP), Japanese yen(JPY);
• Possibility to open 3 separate accounts: credit, margin and trading;
• Opportunity for investors make money by investing successful traders;
• 8 types of orders: classic and their specific modifications;
• Margin trading: with leverage up to x3.3 for a wide range of assets;
• Wide range of products available: trading in tokens, futures and other effective financial instruments;
• High liquidity of the platform due to extensive internal resources and partner support;
• One of the most advanced trading terminals on the market with convenient graphical tools for data visualization;
• 24/7 technical support in Russian.

7.

• a large number of trading pairs: > 300 exchange directions;
• no mandatory verification, the ability to trade anonymously;
• low withdrawal fees up to their complete absence (for example, for NEO);
• a large number of professional technical analysis tools and a chart for constructing tradingview strategies;
• high level of safety and security clients' monetary assets;
• competent and responsive technical support, which quickly solves user problems.

8.

• Global multifunctional, providing access to a highly liquid order book for the most popular currency pairs on the world market;
• Works in 99% of countries in the world, including 24 US states, has more than 2.9 million customers;
• Legal activities: official registration in the UK, MSB status in FinCEN and other licenses;
• Lack of mandatory verification;
• Working with fiat: deposits and withdrawals of USD, EUR, GBP, RUB;
• Active support Russian ruble and ruble bank cards;
• Margin trading: leverage x2 or x3;
• High platform security: 2FA, protection against DDoS attacks, data encryption, PCI DSS certificate;
• Improved, transparent reporting;
• 24/7 technical support service with Russian language support;

9.

• Large Chinese crypto exchange, launched in 2017 based on the popular bw.com pool;
• Financial support from major investors and partnerships with the famous crypto exchange ZB.com, which provides BW.com with trading and technical support;
• Top 15 in the world ranking by trade turnover;
• Website in 4 languages: English, Russian, Chinese and Korean;
• No mandatory verification;
• High liquidity platforms;
• Access to 100+ digital assets, including new and rare coins;
• Deposit and withdrawal only in cryptocurrency, fiat currencies are not supported;
• Low trading commission- 0.1% for all traders and zero commission for traders with Market Maker status;
• Opportunity withdraw very large amounts- up to 120 BTC;
• Own internal currency B.W.B.;
• API interface;
• Official mobile application for Android and iOS.

10.

• another popular exchange among traders from the CIS, which has already occupied its niche in the market;
• makes it possible to withdraw both in dollars and rubles(leader in trading volume in the BTC/RUB direction);
• offers a large number of currency pairs;
• comfortable and functional interface with Russian language support;
• increased level of protection(strong encryption and programming, two-factor authentication);
• 24/7 support service in Russian and English.

Top Cryptocurrency Exchanges by Trading Volume

What financial turnover shows the trading exchange, talks about it scale, success and influence in the cryptocurrency market. Daily trading volume is the most important indicator, clearly reflecting the degree popularity and demand exchanges among traders.

Being at the top in terms of trading volume means having a larger number of active users who daily carry out large transactions with various crypto coins (both top ones in terms of capitalization and new young currencies).

The top largest cryptocurrency exchanges by daily turnover are as follows:

#	Cryptocurrency exchange	Address	Trading volume, 24 hours (BTC)
1	Binance		1 267 392
2	BitMEX		1 210 072
3	OKEX		74 013
4	Huobi		69 400
5		60 862
6	B.W.		60 770
7		60 737
8	CEX		56 576
9	Exmo		2 120
10	Livecoin		1 990

The best Russian-language cryptocurrency exchanges

Agree, it is always more convenient and clearer to use services that support the language through which you build daily communication.

The likelihood of success on the cryptocurrency exchange will be much higher with a maximum understanding of all the mechanisms taking place.

Therefore, the presence of a Russian-language website and a convenient trading interface are undoubted advantages of the exchange when it comes to Russian-speaking users. Russian exchanges are developed for Russia and the CIS countries, which means that local realities and market characteristics, as well as the wishes and capabilities of the local audience are taken into account. They are better suited than other trading platforms for trading in Russian and for buying cryptocurrency for rubles.

More and more Russians are choosing cryptocurrency as an investment instrument.

As of January 2020, Russia is among the TOP 5 countries in terms of the popularity of cryptocurrencies.

This fact will be taken into account both when developing new trading platforms and when updating existing ones, and other platforms will be added to the top Russian-language exchanges in the very near future.

The Best Cryptocurrency Exchanges for Beginners

If you are just starting your cryptocurrency history, you need to choose those sites that were developed with potential new users in mind. Among all the exchanges presented, there are real sharks capable of gobbling up a still sluggish and insecure user in no time. And he just needs a little time and more favorable trading conditions to get used to it, get used to the work scheme, learn the necessary tools and only then go to great lengths.

We always focus on the fact that in the case of cryptocurrency there should be no room for hasty and rash decisions. That's why you need to enter the market in small but confident steps.
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So, if it comes to Which exchange is better to trade on? For a beginner in cryptocurrency, we first of all recommend the following sites:

1. Binance
2. Huobi -
3. Exmo –

These are the best cryptocurrency exchanges for a new user just starting to dive into the topic of digital assets. They will allow him to carry out effective trades even at the very beginning of his trading career. The main thing is to start right.

Top 10 cryptocurrency exchanges according to traders' reviews in 2020

Reviews are something that can give the most objective assessment of a product/service/service. In theory, you can endlessly talk about the advantages, criticize for the disadvantages, using “smart” terms and drawing loud conclusions. However real user experience, which traders share, gives the most truthful picture of the work from one or another cryptocurrency exchange.

Discussions take place on the largest forums about cryptocurrencies, users share their opinions, leave reviews, form ratings, give advice to beginners, analyze last news spheres, evaluate new young coins and exchanges.

#	Cryptocurrency exchange	Address	Number of pairs	Year of foundation
1	Binance		544	2017
2	Huobi		500	2013
3	BitMEX		490	2017
4		458	2017
5	OKEX		447	2017
6	Livecoin		287	2013
7		176	2018
8	B.W.		175	2013
9	Exmo		154	2013
10	CEX		53	2013

TOP 5 cryptocurrency exchanges with money withdrawal in 2020

The options for withdrawing funds from the cryptocurrency exchange are quite varied. And among all the other advantages of exchanges, platforms with simple and profitable withdrawal of digital assets deserve special attention from traders. Moreover, on some exchanges you can withdraw money only through several major payment systems, while on others you can make bank transfers or credits from/to a card and even immediately withdraw fiat money.

But it is worth noting that not all exchanges work with fiat money. Below are the top trading services with withdrawals in rubles, dollars or euros.

Top 3 cryptocurrency exchanges without verification for withdrawal

Incredible but true: exchanges still exist on the Internet without identity verification. Although, on the other hand, it is not surprising that many investors who decide to invest in certain digital assets want to maintain complete anonymity. Almost all major exchanges have introduced mandatory identity verification of each user.

But there are also those who have not deviated from the original postulates of cryptography and do not require verification, thereby allowing users to remain anonymous. In addition to anonymity, these sites also offer favorable trading conditions.

The most popular exchanges without mandatory identity verification are:

• Binance
• Huobi -
• BitMex –
• Exmo –

The absence of mandatory verification on these services and the ability to conduct transactions anonymously give users another advantage - saving time. And time means extra money. A very profitable combo, you will agree.

Rating of cryptocurrency exchanges based on the amount of commission charged when trading

Information about commissions charged by exchanges for transactions carried out is freely available and is usually published on the official website of the exchange. Therefore, one of the important criteria for choosing a trading platform is, of course, the size of the transaction fee, because on different platforms you will find different numbers. It's obvious that the lower the commission, the higher your earnings will be.

The best exchanges with margin trading

Margin trading- this is the carrying out of trading operations with cryptocurrency using funds that the exchange provides to the trader on credit against the security of an agreed amount - margin. Simply put, this is a temporary loan.

But a margin loan differs from a regular loan in that the amount received is usually several times greater than the amount of collateral (margin).

When trading on margin, the trader uses broker funds, leaving him a relatively small deposit from his own deposit. And thereby gains access to “leverage”, allowing you to conclude transactions for amounts several times greater than it equity. Thus, trading on margin affects the size of trades and potential profits.

For example, when trading with a leverage of 100x, the exchange multiplies the user’s tokens by 100 times, and he trades as if it were his money. That is, he has not 1 bitcoin, but 100, not 10 ethers, but 1000. Accordingly, you can earn much more with such capital.

Usage margin leverage allows small and medium-sized traders to work with large lots, even if they do not have their own substantial capital. In this case, it is possible to buy and sell any currencies, regardless of what monetary unit the user has opened a deposit.

Profitability of margin trading:

For the trader

• The ability to repeatedly increase the volume of operations without increasing the required start-up capital;
• Transactions in capital-intensive markets even without having significant amounts of money of your own.

For broker

• Increasing broker commission fees as traders carry out transactions for larger amounts;
• Expanding the circle of potential clients by lowering the minimum capital threshold required for transactions.

True, margin trading with high leverage may carry serious risks for beginner traders who do not yet have practice. Any margin trading is trading with high risks.

To reduce risks, a tool called margin call is used - a moment when a trader urgently needs to replenish his account, otherwise current contracts will be cancelled. On average, a margin call is 25% of a trader's account. That is, with an account of $1000, when $250 remains on it, the broker will make a stop out to close the current position.

Both new and experienced traders should always remember that trading on margin requires as carefully as possible and use only those funds that can be spent without serious damage financial situation.

The best exchanges for trading cryptocurrencies with leverage:

#	Exchange	Link	Leverage size
1	Bitmex	Why is it so important to choose the right cryptocurrency exchange? As we have already noted, at one point, everyone who has plunged into the world of digital currencies is faced with the need to choose a trading platform. Each of the currently existing cryptocurrency exchanges has its own strengths and weaknesses. Somewhere you will find advanced security settings, but a small selection of currency pairs. Another exchange has a convenient interface, but does not support fiat money, etc. Therefore, it is best to select an exchange based on your specific goals at the moment. Moreover, it is not at all necessary to limit yourself to one trading platform. One can be used for the purchase of crypto coins with a long-term perspective, the other can be used for everyday trading, and the third can be used for transactions with less common cryptocurrencies that are not available on other exchanges. And then the fourth and fifth can go. There are many options and you are not limited by anything. However, it is worth noting that when registering on any crypto exchange, you automatically entrust your savings to third parties (service developers). Decentralized cryptocurrency exchanges are just beginning to emerge. Undoubtedly, the future lies with them, as they will provide users with complete control over monetary assets (private keys, the use of cryptography). But for now, traditional centralized trading platforms are in use, so choosing a cryptocurrency exchange it is worth approaching doubly carefully. Basic criteria for choosing an exchange for trading cryptocurrency Now the Internet is replete with offers to register on one or another cryptocurrency exchange. But in this rapid and constantly changing flow of information, it is important to navigate and choose for yourself the platform that will maximally satisfy your current needs and will contribute to the constant increase in digital capital. So, when choosing a cryptocurrency exchange, pay attention to: Reliability rating and reputation. The better reviews an exchange has on popular crypto forums like bitcointalk or Reddit, the better you'll sleep at night. You should not deposit funds on an exchange with a controversial reputation. We advise you to listen to the advice and experience of other users and choose proven sites. Commission size. All cryptocurrency exchanges, like any other exchangers, charge some percentage of commission for their services. It varies depending on the exchange, with an average of 0.2%. Recently, exchanges have not set a constant commission amount, but have made it dynamic: the commission percentage decreases with increasing trading volume. Number of trading pairs. The greater the selection of currency pairs offered on the exchange, the more tools you have for making money. These can be either the most popular highly liquid cryptocurrencies (TOP 10 at your disposal) or less liquid altcoins. However, you need to remember that quantity is not always the key to success. It is much more important to have an optimal set of trading pairs that can provide an efficient and effective trading process. Daily cash flow. The higher the trading volume of the exchange, the greater the prospects for earning money you get. An exchange where the trading volume is $50 per day is unlikely to provide you with high earnings. The exchange’s high daily turnover indicates its success, popularity and influence throughout the cryptocurrency market. Payment options. A wide range of payment methods gives you more possibilities for transactions with digital assets. Thus, some exchanges work exclusively with cryptocurrencies and do not support fiat money, while others allow the use of any monetary assets. Requirements for user verification. On different exchanges, the requirements for new users may differ: some set strict limits and greatly limit trading opportunities, others are more loyal to unverified users, but set a limit for daily trading turnover. There are also exchanges that do not require identity verification, allowing users to remain completely anonymous. Convenient user interface. The more tools for analysis and statistics on the exchange and the more comfortable it is to use them, the faster and more efficient the trading process will be. It is also important to have statistics on ongoing operations and tools for technical and graphical analysis, which allow you to correctly assess the market situation. Location of the trading exchange. Some sites operating in one state may be closed to users from other countries. Most often, these are Japanese and South Korean exchanges, which are very attractive for cryptocurrency transactions, but are available only to residents of these countries. Keeping your shirt closer to your body also works in the case of cryptocurrency exchanges and other trading platforms. After all, the better you understand all the processes carried out on the stock exchange, the more effective your trading will be. Responsiveness of the support service. The faster and more productive it works, the more transactions with cryptocurrencies you can carry out, as well as get professional help if a problem arises. Make the right choice and super-profitable trading!

When converting real money to digital coins, exchangers can charge up to 15% commission for this operation. While cryptocurrency exchanges carry out transactions for only 2-3% of royalties. Therefore, any person who actively uses virtual currency cannot avoid turning to the services of these services. However, it should be remembered that not every trading platform works with fiat money.

When choosing a cryptocurrency exchange, you need to rely on a number of specific points:

• what tokens are mined;
• Is it possible to exchange earned funds for rubles;
• are there hidden commissions;
• what coins are required for purchase;
• How often the platform delays translations.

You should select a resource that meets at least several of the listed criteria.

Today, there are many different exchange services operating on the Internet. digital money, as a result of which a user just getting acquainted with the world of blockchain may experience difficulties. It is worth considering a few simple rules to help you avoid making mistakes when choosing a trading platform. To successfully carry out various operations, you first need to pay attention to the following factors:

1. Indicators of daily trading volume. This parameter is one of the most important for any cryptocurrency exchange, as it demonstrates the degree of its activity. It can also be used to easily determine the prospects of a particular digital currency.
2. Features of transfer and withdrawal Money. Before registering for the service, you must carefully study the terms of input or output, and in addition, find out which electronic payment instruments are supported. Playing on the growth of token rates will not be so profitable if each operation is subject to a large commission. This applies to the same extent to the mining of digital money. The income from their mining will be less significant in the case of large deductions when converting coins.
3. Variety of cryptocurrency pairs. Some trading platforms work only with the most popular virtual money. Surprisingly, in 2017 there are still resources that specialize exclusively in operations with one Bitcoin.
4. Built-in rate monitoring function. Most often, experienced investors and miners create accounts on several platforms at once. This not only allows you to find the best conditions for buying or selling, but also makes it possible to earn money through arbitrage. The main thing in this matter is to carefully monitor price fluctuations and close positions in a timely manner. The income from such transactions is not very large, but with the right strategy you can easily get a good profit.
5. No need to download additional software. You should not download software from any little-known cryptocurrency exchange. Terminals play the role of an alternative method for converting real money to digital currency. True, they have one significant drawback - most only support transactions with Bitcoin. At the same time, the exchange rate is not the most favorable for the user.

Recently, platforms have begun to be launched that combine the functions of trading portals and mining services. An example of such a platform is the Cryptopia exchange, launched in the summer of 2017.

Now we should move on to consider the 8 most popular cryptocurrency exchanges today. Although they are based in different countries, their services can be used from anywhere in the world.

Important! Some of the services presented are blocked for Russian users. To open access to them, you need to use special applications that make it possible to replace the IP address. For example, on Chrome and Firefox browsers this software is the ZenMate plugin.

Binance

The exchange is not just young, but very young. It is a little over a year old (launch time: spring 2017). But, apparently, her young age did not hinder her successful promotion, since in a short time she broke into the ranks of the best cryptocurrency trading platforms and firmly established herself in the top positions.

The new player was well received by the community, which was greatly facilitated by the very favorable trading conditions offered, primarily a wide selection of trading instruments and low commissions.

The trading tools include 230 currency pairs, and the daily trading volume is more than four billion dollars. Almost one and a half million orders are processed per second, transaction fees are very low, only 0.1%, and when paying with the internal BNB token (Binance Coin), there is a 50% discount.

The service is purely cryptocurrency. The site is available in two modes – Basic, for beginner traders, and Advanced, for experienced players. Eight languages ​​are supported, including Russian, which is especially important for our users. True, the translation is not very high quality, but at least it’s something.

Judging by the reviews, at the moment Binance practically does not have any serious drawbacks, except for one thing - the exchange does not work with fiat under any circumstances, that is, you cannot enter or withdraw traditional currencies. All work is based on Bitcoin, Ethereum, Binance Coin or Tether.

You can, of course, deposit and withdraw other cryptocurrencies supported by the service into your account, but in order to use these coins in trading operations, they will still first need to be transferred to one of the four cryptocurrencies mentioned above.

True, this drawback will most likely be eliminated soon, since the team is already working on solving this problem.

Registration on Binance is standard and is unlikely to cause any difficulties. The only thing worth mentioning in this regard is a specific captcha - there you need to combine the puzzle pieces, for which you need to move the slider to the right.

By registering, you receive Lv 1 status, which allows you to withdraw no more than two Bitcoins per day (this operation is available without verification), and if you want to upgrade your status to Lv 2 and expand your withdrawal capabilities to 100 BTC per day, you will have to verify on the resource by providing the identification documents required by the system.

The next status, Lv 3, which allows you to withdraw more than 100 BTC from your account, can be obtained by sending a corresponding request to the developers.

Replenishing your balance and withdrawing your earnings won’t take much effort either, everything is very simple and standard. Deposits are not subject to commissions, and withdrawal fees are very affordable - for Bitcoin it is 0.001%, for Ethereum - 0.01%, etc.

You can trade on Binance not only from desktop devices, but also from mobile devices on iOS and Android, for which special applications have been developed.

Today, the reputation of the exchange is supported by a team at high level, as evidenced by numerous positive user reviews.

It is trusted, the number of its clients is constantly growing and already exceeds 6 million, the security of client accounts is ensured by two-factor authentication, and the platform itself is recognized as the fastest growing service of its kind (there was a case when a quarter of a million users registered on Binance in one hour).

Began its activities in 2014. Currently, more than 10 currency pairs are traded on it. Among the advantages of the platform are the following points:

1. Convenient exchanger. It makes it possible not only to buy or sell crypto money, but also to carry out other financial transactions (for example, conversion).
2. Withdrawing electronic currency to a wallet is not limited to any minimum amounts and is carried out in a matter of minutes.
3. No extras - just the latest cryptographic currency and extensive functionality for its application.
4. There are a wide variety of payment systems available.
5. Fast receipt of funds to your wallet. In addition, there are a huge number of ways to remove them.
6. The project website works not only in English, but also in Russian.
7. There is an attractive referral system with quite favorable rate for payments for each invited user.

CEX

This exchange was launched in 2013. It is a multifunctional resource that supports several types of orders. The list of coins includes both fiat currencies (dollar, euro, ruble) and digital ones (Bitcoin, Litecoin, Augur, Dash, Digibyte, Potcoin, and so on).

Depositing and withdrawing electronic coins is carried out automatically with a set amount of deductions. Fiat currencies can be withdrawn to plastic cards Mastercard and Visa. The platform website operates in 4 languages.

Exmo

Domestic cryptocurrency exchange, which is used by thousands of users every day. The project developers position themselves as experts in the field of blockchain and decentralization.

6 main types of currencies have been added to the site: dollar, euro, ruble, Litecoin, Dogecoin and Bitcoin. In addition, the service offers several ways to top up your balance. Such well-known payment instruments as Yandex.Money, Qiwi, WebMoney, plastic cards from Visa and MasterCard are supported. The commission fee does not exceed 0.2% of the transaction.

Also, anyone can participate in the referral program. For each invited user, 25% of his successful transactions will be paid. However, this is more of an interesting bonus than a serious source of additional income. In addition, the creators of this cryptocurrency exchange did not forget about experienced traders, having developed expanded functionality for them:

1. Stopploss option - allows you to control bets.
2. Trailingstop tool - serves to disable the column with the asset price and indicate a new number in it.
3. Warrant for various operations. Necessary for the purchase of assets at a price below the market price and their further sale at a cost determined by the user.
4. Issuance of borrowed funds.

To start trading on the EXMO platform, click “Start”. It is located on the main page of the resource website. Then you need to register by providing your email address and other information. Next, you need to go to your personal profile and click the “Verification” button. Here you will need to enter your real name, surname and patronymic, and then attach a scanned copy of your passport. To top up with digital currency, you need to click on the “Wallet” item.

All operations on the platform are absolutely safe, EKSMO guarantees reliable protection of wallets from hacking or access to third parties. The functionality is very intuitive to use. The project website operates in 2 languages. It is also worth noting the simple interface - it only takes a few minutes to understand it.

Ecoin

The project was born back in 2014. At the moment, the daily turnover exceeds a thousand Bitcoins. The exchange is characterized by high-quality service, an advanced security system and wide functionality.

You can trade with real money (dollar) and digital currency (Bitcion, Litecoin). Main feature platform is that there are no commissions charged for transactions. Transfer and withdrawal of cryptocurrency is carried out automatically. Deposits or withdrawals of dollars are made using a bank payment. In addition, you can use other systems, for example, Okpay and Perfect Money. The site has been translated into many languages.

A well-known trading platform that supports over 130 currency pairs. Operating since 2014. The main language of the site is English. More than 5 thousand people visit it every day.

The platform has Fibonacci levels, all kinds of time-frames and quite detailed charts. Among its advantages: a simple interface, built-in chat, convenient exchanger and nice design.

Markets are distributed according to several characteristics, including name, change in value, issue, and so on. There is a function for setting up your own pairs. The total volume of daily transactions is more than 60 thousand Bitcoins or $30 million, which automatically classifies Poloniex as a top project.

There are detailed statistics of all operations. You can also be verified on the resource, but this is not at all necessary. Last spring, the site moved to the “maker-taker” algorithm. Commission fees for the market amounted to 0.25-0.5%, while the taker distinguished himself with a commission in the range of 0.1-0.25%.

If a problem occurs, the user no longer needs to write endless messages to the administration. Moderators respond almost instantly, answering any questions in detail. But this was the case before the situation with BTC-e, after which the rules of the exchange changed significantly.

A distinctive feature of the Bitfinex cryptocurrency exchange is that it provides access to margin trading. Network participants act as investors or, in other words, guarantors of liquidity. They are the ones who issue digital currency on credit. The main source of income for the site is commission fees for the use of funds. The Bitfinex platform has 3 types of accounts:

1. Exchange - necessary for traditional market manipulations.
2. Total Return SWAP - used in the lending process. It should only be used if you want to launch an offer for exchange players. The user himself sets the loan size, daily deductions and lending period (from 2 days to 1 month).
3. Margin Trade - operates with capital involved in margin trading. Manipulations are carried out only with borrowed money from investors. At the same time, the trader does not have the opportunity to withdraw investors’ funds, and each operation must end with a counter-transaction.

The amount of commissions that the resource takes from liquidity providers for using currency does not exceed 15%.

To start trading on the Bitfinex platform, you must register and go through the verification process. Moreover, you will need to send not only a scan of your passport, but also an official document proving the fact of residence at your registration address.

The project started in 2012. Available functions include buying or selling cryptocurrency for euros and dollars. The site belongs to Cryptonit Solutions Ltd - a British investment fund, which actively interacts with the English supervisory authority FCA. The following types of currency pairs are presented:

1. Bitcoin, Namecoin, Litecoin and Peercoin are traded against the dollar.
2. You can also pair Bitcoin, Namecoin, Litecoin and Peercoin with the euro.
3. In relation to Bitcoin, the picture changes a little - Litecoin, Peercoin, Namecoin, Terracoin and Feathercoin.

A wide variety of payment systems are available for transferring or withdrawing currency, including International Wire Transfer, OKPay and others. To pass verification, the user can use one of 2 methods. Firstly, send a scanned copy of an identity card, a paper confirming residence, and in addition, a photograph showing him holding the previously indicated documents. Secondly, take part in a short video interview with the company manager. During the process you will need to show the required documents.

Like most similar services, Cryptonit allows users to join a referral system. It involves 3 types of interaction:

1. If you have the necessary software, assign a personal tag to orders and receive income through deductions from operations.
2. Invite potential clients through an affiliate link.
3. If you have a personal mining pool, register profiles using the Affiliate API directly from your own interface.

Technical support will help resolve any issues. To contact administrators, dial the support number or send an email. Information can be viewed on the platform website.

The Kraken service was launched in 2011 by American businessman Jesse Powell. It is possible to carry out transactions with electronic money (Bitcoin, Litecoin, Namecoin, DogeCoin, and so on) and real currency (dollar, euro, yen and pound sterling).

Digital coins are transferred and withdrawn automatically with fixed fees. Real currency - through a bank transaction, and in addition, several payment systems. Contributions are 0.2% and decrease if cash flows increase.

Kraken offers several types of verification. The selected level determines which functions will be available to the user:

1. The zero level only allows you to follow the course schedules.
2. The first stage allows you to deposit and withdraw funds. Trading is also allowed.
3. The second stage is marked by the addition of fiat currency.
4. Finally, the third and fourth stages are distinguished by an increase in capital turnover limits.

Cryptocurrency exchanges are creating a completely new economic environment. Thanks to them, the user can easily carry out various transactions with electronic money, just as is done with traditional assets. However, we should not forget that digital currency is a decentralized platform. If you deposit your funds into an unscrupulous resource, you will no longer be able to get them back. Therefore, you should always be vigilant and choose only reliable services.