Best of Bitcoin

Best Bitcoin Trading Sites 2017

Bitcoin Trading SiteBMJ RatingDaily Trading Volume (in USD)Number of AltcoinsTrading FeeUser ReviewsBeginner Friendliness
Kraken5/5~300 m14Varies3.5/54/5
Bittrex4.5/5~125 m125+0.25%3/55/5
GDAX4.5/5~2Varies4/55/5
Poloniex4.5/5~1 bn75+0.20%3/54/5
BitMEX4/5~100 m5+Varies2/53/5

If you want to take an active approach to investing in bitcoin and other digital currencies, it is important that you use the right trading platforms to execute your trades. In this guide, you will discover the best bitcoin trading sites to consider using when investing in digital currencies.

Taking into account daily trading volume, number of altcoins traded, trading fees, user reviews, and ease of use for beginners, here are our top picks.

Kraken

San Francisco-based Kraken is one of the longest standing and most reputable bitcoin trading sites in the market. The digital currency exchange was founded in 2011 and offers a variety of digital currency pairs in which to invest, including ether (ETH), litecoin (LTC), and ripple (XRP). Kraken’s easy-to-use platform has recently received an update through the integration of Crypto Watch’s trading dashboard, which supplies traders with deeper insight into the currencies they are trading. Our rating: 5/5

Bittrex

Bittrex is one of the most popular bitcoin trading sites for trading altcoins as it offers an extensive range of digital currency pairs to trade. Bittrex is also regularly one of the first exchanges to enable the trading of newly launched digital currencies coming out of initial coin offerings (ICOs). Bittrex is an excellent bitcoin trading site to use when you first start to venture into the altcoin market, as it is very user-friendly and intuitive to navigate. Our rating: 4.5/5

GDAX

GDAX is the bitcoin trading site of the San Francisco-based bitcoin exchange and wallet provider Coinbase. Coinbase launched GDAX in 2016 to provide bitcoin traders with a professional trading platform to buy and sell the altcoin. GDAX has since added leveraged trading options to the exchange and has also made the digital currencies ether and litecoin available for trading. Our rating: 4.5/5

Bitcoin miningPoloniex

Delaware-based Poloniex has emerged as one of the most popular exchanges for trading altcoins. The bitcoin trading site was launched in 2014 to enable traders to invest in a broad range of trade digital currency pairs and to provide its users with the ability to trade using leverage. While trading with leverage increases your potential profits, it can also inflate your losses. Hence, always trade with care and cut your losses quickly when the market moves against you. Our rating: 4.5/5

BitMEX

When it comes to trading digital currencies using leverage, BitMEX is the best in the game. The Hong Kong-based BitMEX is a bitcoin trading site that was set up in 2014 to provide digital currency derivatives to professional traders. The platform uses bitcoin as the base currency for all derivatives trades and allows users to leverage up to 100x, which means with 1 bitcoin you can move up to 100 bitcoin in value. While leverage allows you to greatly amplify your returns, it can also exacerbate your losses. Hence, it is important to put adequate risk management measures into place should you decide to trade bitcoin derivatives as part of your investment strategy. Our rating: 4/5

Each of the above-listed digital currency exchanges has unique features to offer. It is up to you to choose which type of bitcoin trading site suits you and your investment needs the most. Happy trading!

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