Home Cloud Computing Top 20 Best Cryptocurrency Exchange Platforms in 2020

Top 20 Best Cryptocurrency Exchange Platforms in 2020

In today’s world, cryptocurrency has become one of the hottest topics. It uses a peer-to-peer digital cash system, and like other transaction systems, you need a bank account, while sufficient balance is necessary for exchanging. To prevent double spending or to solve the problem of repetitive use of the same entity, every action is checked and verified by the miners. Miners take transactions, stamp them as legitimate, and spread them in the network. Several reliable cryptocurrency exchange platforms are available for selling or buying cryptocurrencies.

Best Cryptocurrency Exchange Platforms

Cryptocurrency exchanging platforms refers to some specific websites that allow selling, buying, or trading cryptocurrencies for digital and other traditional currencies like Euro and USD. The top 20 platforms that we think are best for cryptocurrency trading are discussed thoroughly in this article.

1. Kraken

Kraken is one of the best cryptocurrency trading sites for beginners. Kraken will guide you to get used to cryptocurrency and become an expert as well. This platform focuses on highlighting the ever-changing way of how people understand money and finance.

Kraken Trading site

Insights of this Platform

  • A useful platform for both experts and newcomers. It offers simplicity and portfolio management to keep track of your profile. 
  • Focuses on ensuring the highest quality safety and security for the digital platform for its clients to prevent any fraudulent activity.
  • To maintain fluent and flawless communication with the clients, it offers 24/7 availability through their global support.
  • Kraken has advanced features to list your financial resources. You can even make decisions for enriching your portfolio and find an investor pair.
  • For the investors, this platform handles capitals by their exclusive solution that provides support for all sized investors.
  • Over-the-counter trading helps you to grow as an investor as an investing solution; Kraken has competitive pricing plans and flexible process.

Visit Kraken

2. Bitfinex

When we are talking about cryptocurrency exchange platforms, Bitfinex is must mentionable one. It has an advanced list of tracking the interested sellers and buyers for a particular financial instrument. Eight variations in order typeset for all scenarios set this platform apart from the most trading platforms out there. Besides, you only need a smartphone to become an authorized trader.

bittfinex crypto trading platform

Insights of this Platform

  • Bitfinex has an interactive user interface, and existing demos help users to get used to the platform.
  • Supports almost all the cryptocurrencies that include Bitcoin, Ethereum, Monero, Dash, EOS, Litecoin, Ripple, Tether, NEO, and all the types of your digital asset.
  • Bitfinex leverages your trading to get the best possible rate at that specific time.
  • Through their peer to peer trading platform, you can scale your portfolio and attract the trade demanders for your digital assets.
  • Offer five other order types along with the three most basics, which are limit order, market order, and stop order.
  • You will not need to deposit any amount of money for crypto, although the site has already been hacked before, and the security of this platform is questionable.

Visit Bitfinex

3. Bittrex

Bittnex is one of the most high-level cryptocurrency trading sites. It is using cutting edge technologies for bringing revolution by increasing the demand for cryptocurrency around the world. It focuses on minimizing the time of the transaction, and security is also mentionable. It has a goal to change the way of transactions for goods using this innovative technology.

bittrex cryptocurrency exchange platforms

Insights of this Platform

  • Incorporates cross-sectional layers alongside diversifying security schemes, which makes it an effective and reliable platform.
  • Generates dynamic API, and algorithmic trading makes it usable for integrating third-party trading platforms. 
  • The scalable engine ensures the minimum time so that every transaction can be completed in real-time.
  • As an innovative blockchain project, it concentrates on anti-money laundering that has a goal to increase the adoption of cryptocurrency globally.
  • It has a modernized approach to record the data of token order, and digital wallets are also available for instant trading.

Visit Bittrex

4. Poloniex

Polonies is a rapidly growing cryptocurrency exchanging platform that has almost doubled the number of its customer and monthly traffic. The highest exchanging volume for altcoin has made it popular among traders and investors. You can transact almost any cryptocurrencies, and lower trading fees are also well-known, which is below 0.20%.


Insights of this Platform

  • You can trade all kinds of digital assets from BTC and ETH to altcoins and stable coins to invest in innovative projects and achieve objectives.
  •  Has a goal to spread the necessity of becoming a part of the financial revolution by promotion cryptocurrency through the use on the go platform.
  •  Uses the algorithmic approach to initiate trading and mix with researched strategies for providing a competitive advantage.
  • A large number of pairs among the leading cryptocurrency trading sites are supported, while strict security remains focused. 
  • Stores the maximum amount of data offline and tries to store the exact amount of funds required to ensure seamless trading.

Get Poloniex


As a platform where more than 3,000,000 happy customers take part in crypto trading, it has already earned people’s trust and become a reliable platform for exchanging bitcoins. If you want to deposit funds for selling or buying bitcoins or digital currency using Visa/Mastercard, then this platform is suitable for you. 


Insights of this Platform

  • It has an advanced trade engine that supports order listing algorithms to process high-volume orders in real-time.
  • Unique security protocols such as DDoS attacks, full data encryption, compliance with PCI DSS standards are incorporated for strong security. 
  • It protects traders from experiencing the impact of negative balance and boost the performance of trading up to 10x.
  • It allows users to check their balance and transaction history utilizing their account and provides transparency while generating reports.
  • This platform highlights on high liquidity, execution in the minimum time, and less spreading that help to pair up with the top currencies.
  • Competitive strategies and different price plans for market makers and traders make it an elite cryptocurrency exchange platform.

Visit CEX.IO

6. Coinbase

Coinbase can be referred to as the best crypto trading platform as it is one of the largest bitcoin exchanging websites. It is trendy because of its liquidity and security. As a significant bitcoin broker, it also has features like wallet, API for developers to connect third-party apps, and trading.


Insights of this Platform

  • This platform is simple and easy to understand. It is designed to make it easy for newcomers to get used to the concept of Bitcoin.
  • You can pay with the most popular payment methods like visa and Mastercard.
  • If anyone wants, he/she can buy Bitcoin using a credit card as a backup, although there is a buying limit.
  • Although it manages a huge customer base, it can still process your transactions in a very short time.
  • Very high buying limit and comparatively low fee increase its efficiency for the users.
  • Coinbase offers a digital wallet to store your assets and deposit boxes, and vaults are used to store reserves.

Visit Coinbase

7. Changelly

It is a great crypto trading platform if you don’t want to disclose your identity on the internet. You can exchange your digital asset using just an email, and there is no need to submit any government-issued ID. Besides, the advanced platform has also enhanced the experience for the investors and traders.


Insights of this Platform

  • Affirms clients from all over the world, which makes it universal. Besides, the ability to convert both Bitcoin & Altcoin makes it more powerful.
  • Changelly can also work as a widget, and you can use it on other applications for enabling users to convert their cryptocurrencies.
  • Users get full freedom if they want to initiate any trading because there is no minimum or maximum limit.
  • Mobile responsive website alongside android & ios application permit users to track their transactions on the go.
  • This platform emphasizes security, and none of the funds are available online instead of in the user’s wallet.

Visit Changelly

8. Bitbuy

This crypto trading platform in Canada has a reputation for being the most responsive and fast platform for processing crypto transactions. Although the service is limited only to Canadians, the number of traders is pretty high. Direct customer service and secure activation of user accounts are responsible for the rapid growth of this platform.

bitby cryptocurrency exchange platform

Insights of this Platform

  • Security is not an issue in this platform as it provides 2-factor text-based authentication and a sophisticated IT base.
  • More than 95% of their customer’s coins are stored in the cold wallets and not disclosed online.
  • You can deposit a high amount of money, and several payment options are also available.
  • It does not compare the rate for all currencies, and only Bitcoin, Bitcoin Cash, Ether, Litecoin, and Ripple are available.
  • Offers to provide funding in 2 hours through their Express Interac e-Transfer deposit method.

Visit Bitbuy

9. Changenow

As a crypto trading platform, it offers hassle-free trading as you do not need to open an account. None of your transaction data is stored in the database, although Changenow assures your safety. It also breaks the boundary of the exchanging limit, which sets a high standard for the platform.

changenow cryptocurrency exchange platforms

Insights of this Platform

  • Every transaction is completed within 15 minutes, where you can pay using your Visa or Mastercard.
  • The user-friendly platform automatically detects the best exchange rate for the traders.
  • As there is no need to check the exchange rate, it saves a lot of time for the investors.
  • You can exchange more than 160 types of crypto while fiat-to-crypto is also available.
  • No hidden cost, 24/7 support, and smart applications are what make it much reliable to the traders.

Visit Changenow

10. Shapeshift

Shapeshift is claimed as the best crypto trading platform by so many investors and tradespeople all around the world. It maintains more than 110 cryptocurrencies, and a free account is required to starts transacting. The convenient platform is uncomplicated to utilize, and you can transfer your money quickly to the receiver. 


Insights of this Platform

  • Exchange rate speculated in real-time, and you need not spend a single penny on seeing the prices.
  • This platform is intended to serve the purpose of an API, and trusted partners can use the API by implementing OAuth.
  • It was never so easy to work with Ripple cryptocurrency before the arrival of Shapeshift.
  • You can trade anonymously, although security is ensured in each step of trade.
  • Works like a crypto vending machine and focuses on fast, private, and reliable execution.

Visit Shapeshift

11. Bitstamp

Bitstamp is operating as one of the leaders in the industry of cryptocurrency. They are already enough matured to provide better service and ensure protection. Besides, the ability to cash out directly to your bank account and no withdrawal limit have helped it to possess its position for a long time now.

bitstamp cryptocurrency exchange platforms

Insights of this Platform

  • Reliability is proven since 2011, and more than 98% of digital assets are stored in cold storage.
  • Encourages beginners by offering simplicity in the user interface in the mobile application and website as well.
  • Besides, it has advanced, unique, and tools to get the insights of the market for the experienced merchant.
  • High-Performance FIX and HTTP APIs help to deploy your own set of strategies on market place or trading sites.
  • Bitstamp offers several account types and security features like multi-sig technology.

Visit Bitstamp

12. Coinmama

As a major crypto trading platform, Coinmama is operating in the industry since 2013. It focuses on the ever-changing development process to render the best service for the traders.  You can buy Bitcoin, Ethereum, Ripple, and other demanded cryptocurrencies, and there is no need to deposit. You can instantly start trading once your account is verified.


Insights of this Platform

  • This platform offers a bitcoin calculator. You can check the rate in your currency in real-time.
  • It promotes digital wallet for the customers and focuses on security & privacy standards.
  • You will not be able to integrate this platform with any other third-party platform as there is no available API.
  • This platform is famous for their transparency in service and user-friendly responsive interface.
  • Supports all the popular payment methods. This platform also accepts western union payments.

Visit Coinmama

13. Bitsquare

This is one of the most flexible cryptocurrency trading sites. It uses an open-source and peer-to-peer network for exchanging your national currencies with the crypto. As no account is required, you can access anytime and start trading. If you are not sure in disclosing your identity, then you can try this platform.

cryptocurrency exchange platforms

Insights of this Platform

  • Its operation entirely relies on the individuals associated with the platform as it uses a decentralized network.
  • This platform never holds any of your information and allows you to share information with the trading partner only.
  • Offers significant opportunities for the developers, and source code is available on Github and Slack.
  • Does not control your wallet, preferably all the bitcoins are stored in multi-signature addresses.
  • If you want to dispute your trade, Bitsquare applies the arbitrator system to handle, and any transaction is completed within 10 minutes.

Visit Bitsquare

14. LocalBitcoins

LocalBitcoins is an excellent platform if you want to buy or sell bitcoin at a specific rate that is completely controlled and set by you. It automatically detects the location of a person and shows the current rate of different cryptocurrencies in his/her currency.  This platform also allows payment through local online payment gateways.

Local bitcoins cryptocurrency exchange platforms

Insights of this Platform

  • The process is straightforward. From account creation to a digital wallet, all the steps can be done within a few minutes.
  • You can buy or sell your digital assets by meeting the trade partner as this platform human to human interaction.
  • Posting an advertisement is made fun through the interactive platform offered by LocalBitcoins.
  • Supports a wide range of payment methods, although the exchange rate is pretty high.
  • Maintains security with sophisticated strategies, P2P network, and community-focused culture.

Visit LocalBitcoins

15. LinkCoin

LinkCoin is one of the newcomers in the industry of cryptocurrency. It has introduced over the counter for Altcoins for the first time in the world. This platform is formed using the experience of the stock exchange, investment banking, and brokerage firms. Ensuring high-quality security and user experience has already gained firm popularity after starting the journey in 2017.

Insights of this Platform

  • The platform is intelligent and provides liquidity when it comes to exchanging digital assets.
  • Uses OTC rather than a traditional stock exchange. Trading is completed between the partners only.
  • Service-oriented architecture and multi-signature technology are incorporated to provide the highest safety.
  • Minimizes the trading time significantly. Payment, token generation, all the tasks are completed within 5 minutes only.
  • Web, Android, and IOS platforms are also available to make the system more efficient and usable on the go.

Visit LinkCoin

16. Binance

If you want to indulge yourself in one of the most demanding cryptocurrency exchange platforms, then this is the platform you might be interested in. Even if you are a beginner in this sector, this platform will guide you to become an expert through its multi-dimensional UI and creative framework.

binance cryptocurrency exchange platforms

Insights of this Platform

  • Capable of processing 1,400,000 orders per second, which makes it the most powerful world-class matching engine.
  • Separate functions for client management, data management, and application processing make the system handier.
  • For ensuring security multi-layered approach and clustering technique is working behind the trading process.
  • Mobile applications alongside separate desktop applications for windows and mac are also available.
  • Start your crypto trading platform or market place by integrating the open-source API.

Visit Binance

17. Gemini

This cryptocurrency exchange platform focuses on trading at low risk, but confirming recurring purchase across the order books is the central part of its goal. This platform is working to promote adoption to cryptocurrency since 2016. It started the journey as a Newyork based company and has already expanded to Hong Kong, Singapore, South Korea, and Japan.

gemini cryptocurrency exchange platforms

Insights of this Platform

  • Gemini takes the responsibility of your money and offers powerful tools to harness the future of your portfolio.
  • It is the first platform to clear the SOC 2 Type 1 examination to become a trusted SaaS provider.
  • Gemini is one of the very few crypto trading platforms that have its Auction function when a large volume of crypto-assets are dealt with.
  • Holds most of the funding in offline wallets, and you can start trading with literally any amount of deposited money.
  • Charges 0.25% standard fees from the users and also has maker-taker prices like other crypto trading platforms.

Visit Gemini

18. Huobi

This trading place is only available to US citizens. This is very popular among the people due to its fast and reliable conversion over other cryptocurrency exchange platforms. Besides, if you want to transfer your asset from Huobi global to Huobi OTC, you can do it freely in this marketplace.

huobi- cryptocurrency exchange platforms

Insights of this Platform

  • This platform lets you generate tokens and giveaways in this one of the most advanced currency trading platforms in the world.
  • Premium currency wallets of this platform are powered by DDoS-mitigation layer & multi-stage authentication.
  • You can integrate Huobi using API, which is open-source and supported by a wide range of platforms.
  • More than a hundred pairs are available to trade and can buy real products using Huobi Tokens.

Visit Huobi

19. Luno

Luni is powered by a robust trade engine that has many extensive features. Although the system is safe and reliable, you can only exchange Bitcoin and Ethereum. The platform is easily understandable, and in every step, you will be guided through detailed guidelines.

luno cryptocurrency exchange platforms

Insights of this Platform

  • Luno can be referred to as one of the early birds that offer crypto trading on digital platforms.
  • Has customers from over 40 countries and products of different types. Besides, it has already processed more than 8 billion dollars.
  • They provide service and customer support in many languages and make it easy to use for the traders.
  • The security system is very sophisticated, and 2FA makes it a better place for investors.

Visit Luno

20. Coinigy

Coinigy started its journey in 2014, and since they have maintained their reputation through their premium customer support. If you want to take your portfolio to the next level, then it’s premium portfolio suit can help you a lot. You can build, manage, evaluate your portfolio, and exchange through all kinds of platforms.

cryptocurrency exchange platform

Insights of this Platform

  • Offers starter, pro, and API developer account, and price ranges from 0$ to 99$ per month.
  • Your security is never controlled and supported by the world’s most exchange platforms.
  • Operated by cloud-based platforms and Google Data Centers ensures superior 99% uptime.
  • It provides real-time API for the developers, and huge data is ready to use for both individuals or companies.
  • Coinigy encrypts all of your data while protected by multi-tiered architecture.

Visit Coinigy

Finally, The Insights

Cryptocurrency is going to replace traditional currency in the near future. As a result, demand and prices are going higher day by day. In case you are not usual with the concept of cryptos yet, this is high time to start your journey. To get going with the latest features with the digital currency exchanging platforms, you must choose a good platform.

You can start exploring with any of the described cryptocurrency exchange platforms above. Exchange rates, payment methods, deposit types, account management, and security are the issues you should keep in mind while choosing the cryptocurrency trading site that suits you best.


  1. I’m very glad to go through this detailed information about most major crypto trading platforms. Is such an appreciated effort you guys made to make this compilation. I must say am happy to know more about this.
    I’m a new crypto enthusiasts who wants to make a good adventure in crypto trading. Thanks for the informations here.

  2. Hey!!! Team. I have gone through the entire article which looks quite interesting. Here, you have clearly explained about top cryptocurrency exchange platform for traders in 2020. Thanks! for sharing this article with us. Keep up the good work. Are you an crypto enthusiast, planning to launch your crypto exchange platform for your crypto trading business? Check Osiz Technologies.

  3. Thanks for sharing a great list of crypto trading & exchange platforms which is helps to crypto newbie’s to choose the right platform for their trading and exchange convenience!

  4. Nice ranking, but I’d add CoinDeal, it was launched almost 2 years ago, but they manage very well. I mean high security standard, pretty wide selection of coins, also these less known, some time ago they entranced the US market, it’s huge step forwards. I’ve never had any problems with transaction there, hope there will be some new useful features this year.

  5. Thanks for the article! It was exceptional! Meanwhile, if you are active entrepreneur interested to get into the crypto world at an affordable cost, I would suggest you to refer Zab Technologies.

  6. Thank you, great list. On different exchanges, the requirements for new users may differ: some set a tight framework and severely limit trading opportunities, others are more loyal to unverified users, but set a limit for daily trading volumes. There are also exchanges on which there is no mandatory verification of identity, which allows users to remain completely anonymous. The larger the choice of currency pairs offered on the exchange, the more tools for earning you have. Good luck!


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