Exchange Sites - Buy Crypto Here
If you’re interested in playing at crypto casinos, you’ll need to buy Bitcoin or another cryptocurrency for deposit purposes. This process may seem confusing or intimidating if you’re new to the matter and used to traditional banking methods. Luckily, though, we’re here to help.
The following guide will help you quickly understand how crypto exchanges work and how to easily obtain cryptocurrency. We cover everything you need to know including how to choose a site, the registration process and how to buy cryptocurrency. On this page you’ll also find more information about some of the best crypto exchange sites on the internet to help you pick a site that meets all your needs.
Where to Find the Best Crypto Exchange Sites in 2023
Given the explosion of the cryptocurrency industry, crypto exchanges have rapidly gained in popularity. Hundreds of exchange sites now exist across the industry so it’s completely understandable if you feel overwhelmed at first. With so many options, it’s only natural that some sites will be able to offer a better service and rates than others.
That’s where we come in, we are here to help you pick one of the best crypto exchange sites currently available. On this page you’ll find established and safe sites where you can feel completely at ease when buying and selling crypto. Our recommended exchange sites follow international standards and are recognized by financial authorities around the world.
Apart from being popular amongst private investors like casino players, these sites are often used by organizations and businesses. Once you’ve found a site that you like, you may continue to learn the basics of acquiring crypto by reading the heading How to Use Crypto Exchange Sites.
Top 6 Most Popular Cryptocurrency Trading Platforms
In this section we present the current most popular cryptocurrency trading platforms. While they differ from one another in some areas, they are all beginner friendly and offer competitive exchange rates and an overall good service to their customers. If you don’t have any special preferences, either one will be a good option. Read on to learn more about each site. And if you still need advice on how to pick a good site for you, we’ll give you some tips and pointers in the heading How to Pick the Best Cryptocurrency Exchange Site.
Exchange Site Toplist January 2023
Binance opened in 2017 and quickly became a premier exchange. It’s currently the most-popular international cryptocurrency exchange site. With their Binance Card you can shop online, in stores, or withdraw cash at ATM machines all over the world.
The well-liked exchange site offers some of the cryptocurrency industry’s lowest fees. The taker and maker both pay a low 0.1% fee by default. And what’s even better is that these rates drop as low as 0.02% with increased trading volume. Binance boasts one of the biggest selections of coins and you can find many cryptocurrencies within the top 200 in terms of market cap here.
Unfortunately, the international Binance site began blocking US traders in 2020. They did, however, open another branch, called Binance US, for Americans. Although the US-facing version of the site offers fewer coins, it’s still very solid compared to many other exchange platforms.Buy Crypto here
Launched in 2012, Coinbase was one of the very first cryptocurrency exchanges in the industry. It has parlayed this first-mover advantage into becoming the premier crypto exchange for US residents while also being a popular platform in many other countries.
Coinbase brings a certain authority and legitimacy to the industry that can’t be matched. This exchange site has a spotless track record and is one of the most-trustworthy sites out there. If you’re planning on keeping your coins on an exchange rather than create a crypto wallet, then you won’t be disappointed with this one.
Coinbase also boasts one of the most user-friendly interfaces with a website that is easy to understand and navigate. As a result, beginners and new users can quickly get started with trading Bitcoin and other crypto. This exchange site offers a solid selection of altcoins including popular ones like Ethereum, XRP, Polkadot, Maker, and Aave to name a few.
The biggest downside to Coinbase is that the exchange site charges between $0.99 and $2.99 per purchase. If you can get past the fees, though, this site is a great place to buy and trade crypto.
Launched in Israel in 2013, Coinmama is one of the industry’s most experienced cryptocurrency exchange sites. It’s a brokerage, meaning you buy and sell coins directly through them and not through regular traders. The advantage here is that you can purchase or sell your coins very quickly. Furthermore, you don’t need to spend time matching yourself with a seller.
The downside of Coinmama is that the fees really add up when using a credit card. You’ll pay close to 6% in brokerage service fees. And when using a credit card, you’ll need to cover an additional 5%. That makes the total fees closer to 11%. If you’re able to use Apple Pay or Sepa, you can reduce these fees considerably. Those alternative payment methods are the only ones beyond credit cards that are accepted here.
Another downside to Coinmama is that they don’t offer a very large list of available coins. Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, Ripple and Tezos are supported at the time of this review. If you’re looking to buy any of these coins quickly, then Coinmama isn’t a bad choice. Like all brokerages, though, they’re an expensive option.
Launched in Israel in 2006, eToro started out as an online stock brokerage firm. It has since expanded to include a variety of assets, including cryptocurrencies. The exchange platform has steadily boosted its offerings over the years to include over a dozen altcoins in 2022. Some of these coins include Ethereum, Litecoin, Cardano, Neo, Dash, Stellar Lumens, and Tron.
EToro is another entry on our toplist that offer an accessible and user-friendly experience both on PC and mobile. It also comes with advanced features that can improve your trading skills, such as social trading (chat) and a demo account (paper trading). The drawbacks to eToro include high withdrawal fees and slow payment processing. Even with these downsides, though, eToro is still a standout and a popular platform.
CEX.io is a cryptocurrency exchange that launched in London in 2013. As far as crypto exchanges go, this is one of the longest-running operators in the business. CEX originally only allowed Bitcoin trading. Some reviews suggest that CEX.io doesn’t support many cryptocurrencies. However, this isn’t the case as they feature over 80 coins at the time of this writing.
Available deposit methods at CEX.IO include Visa, Mastercard, ACH, Advcash, Epay, QIWI, Sepa, and Skrill. You can use most of the same options to withdraw your money as well. No fees are attached to bank transfers, but credit cards and Skrill deposits can be expensive with 3% and 4% fees, respectively.
Assuming you can deal with the deposit fees of some of the deposit methods, then CEX.io is a solid exchange site that offers many coins and an overall good user experience. It’s also a reputable operation with a lengthy history of success compared to other exchanges.Buy Crypto here
KuCoin is a great cryptocurrency exchange site to use if you intend on playing at casinos that accept multiple altcoins. After all, it offers one of the widest selection of altcoins anywhere. If you can’t find a coin on one of the exchanges discussed above, then there’s a good chance that you can get it at KuCoin. This site is also easy to use compared to a lot of other sites, so it’s also a good choice for altcoin beginners.
As for the downsides, the Singapore-based exchange was hacked for $281 million in September 2020. This incident has left security concerns among some investors. Nevertheless, KuCoin did ensure that no customers were affected and worked with law enforcement to find the hackers.
How we Compare Crypto Exchange Websites
At Cryptocasinosonnet.com, we consider several factors when comparing crypto exchange websites. Here you can read more about some of the things we look out for:
- Available cryptocurrencies: Most sites will offer popular cryptos like Bitcoin, Ethereum and Litecoin, but for some players, that’s not enough. That’s why most of our recommendations offer a variety of altcoin and not only the popular ones.
- Trustworthiness: It’s important that a crypto exchange website has a good track record and a high customer satisfaction. Checking out the reputation and history of the site is one of the first things we do when comparing sites.
- Customer service: Just in case there are any issues, or if you’re a beginner and have any questions, you want to go with a site that has a reliable customer service. That’s why we focus in on the sites that offer several contact methods, quick response times and a knowledgeable staff.
- Fees: Most sites will charge you a trading fee and withdrawal fee. And admittedly, there are some good crypto exchange sites that are associated with quite high fees. But it’s important that the fees aren’t so high that they eat into your investment returns and casino bankroll.
- Deposit methods: good exchange sites offer a range of deposit methods for people looking to trade fiat currency like USD or CAD to cryptocurrency. Most will allow major credit cards like Mastercard and Visa, but the best crypto exchange sites also accept bank wire and digital payment methods like Skrill and Neteller.
How to Pick the Best Cryptocurrency Trading Platform
Different cryptocurrency trading platforms come with different pros and cons. The site that’s best suited for you depends a little bit on what your preferences are, how much you know about cryptocurrency and how much you intend to buy.
If you’re a beginner short on time, Binance is a good option since it’s a copy trading platform. There you can find better deals by simply copying the trades of experienced investors.
Another tip, and something that’s popular amongst gamblers, is to go with a crypto casino that takes a wide range of altcoins. This way you can, as you become more experienced, utilize the different rates to get the most out of your winnings at the site. KuCoin is a great option for this, since it’s an exchange site that offers one of the biggest assortment of altcoins on the market.
Unfortunately, most cryptocurrency exchange sites are associated with fees. If low fees are important to you, you may, again, go with Binance as it offers relatively low fees.
How to Use Crypto Exchange Sites
Each cryptocurrency exchange can differ slightly regarding how it’s used. Generally speaking, though, they feature similar user experiences. Here are the basic steps to purchasing Bitcoin and other cryptocurrencies at exchanges:
- Sign up for an account at prefered site from this page.
- Enter your payment details (e.g., bank account info, credit card info, Paypal etc.).
- Make a deposit of fiat currency (e.g. US dollars).
- Choose a cryptocurrency to buy.
- Enter how much you’d like to purchase.
- Confirm the transaction.
- Your crypto will be available after the purchase.
Some exchanges, like Binance, only allow for trading in cryptocurrencies. Therefore, you’ll need to send crypto to these sites before being eligible to trade. Assuming you don’t already have coins, you’ll have to use a fiat-to-crypto exchange (e.g., Coinbase) as described in the steps above.
The Registration Process
Now that we’ve covered the basic steps on acquiring crypto, let’s go a little bit more into the details. In order to sign up to a crypto exchange site you need to complete a verification process and prove your identity. The registration process differ from each site, but the verification step always includes this so called KYC process (Know Your Customer). You may have to:
- Upload a selfie to the exchange site
- Provide pictures of a valid driver’s license, ID card or passport
The KYC process is necessary at all legitimate sites, and they often quote international money laundering laws and combating terrorism and fraud as reasons. At Cryptocasinosonnet.com we recommend staying away from exchange sites that completely skip the KYC process, as these sites run you the risk of being a target for fraud.
Buying and Selling Cryptocurrency
After you’ve uploaded the necessary documents to the exchange site, your account will likely be approved. The best crypto exchange sites will offer a variety of ways to make your first deposit including major credit and debit cards, eWallets and bank wire. Once you have some fiat currency on your account, you’re ready to trade it for a crypto currency.
Exchange sites will also let you sell your currency and make withdrawals from crypto to fiat currency. That said, some sites only let you exchange cryptocurrencies, in which case you’ll have to use a second exchange site in order to trade with fiat currency.
How the Best Crypto Exchange Websites Differ
Most crypto exchange websites try to bring something different to the table in order to attract investors. Here are some of the things that signify a high quality exchange site:
- Low fees: While most exchange sites take some fee for trading fiat currency for crypto, sites like Binance have managed to keep their fees relatively low.
- Assortment: Popular sites that have been in the service for a long time will typically offer a great range of cryptocurrency. And the same goes for fiat payment methods.
- Usability: It should be easy to understand how to trade and accomplish what you want at the exchange site. The best cryptocurrency exchange platforms have a user-friendly and coherent design that makes for a smooth browsing experience.
- Security: This is an area where sites can really differ from one another. The best ones utilize two-factor verification on top of modern encryption technology and SCA (Strong Customer Authentication). They’ll also have a very thorough verification process to make sure customers can feel safe using their website.
Frequently Asked Questions
What is a Crypto Currency Exchange Website?
A crypto currency exchange website is a place where you can buy and sell cryptocurrency. For instance, you can use an exchange site to purchase Bitcoin or other cryptos known as altcoins or simply coins (Ethereum, Litecoin, Dogecoin etc.). Exchange sites allow you to use a fiat currency such as USD or CAD to exchange to the crypto of your choice. It works almost the same way as when you buy and sell shares from a broker on a stock market.
Which Cryptocurrency Trading Platform is Best for Online Gambling Purposes?
Regarding mobile gambling, the best cryptocurrency trading platform is simply the one that sells the coins you need. Therefore, you should check your favorite bitcoin casino’s banking section to see which coins are supported. For instance, if you’re playing at a gaming site that takes Bitcoin, Ethereum, and Bitcoin Cash, then you should pick an exchange with these three coins.
Also choosing an exchange that offers a card (e.g., Mastercard or Visa) for ATM withdrawals and shopping is a good choice.
Should You Create a Wallet or Keep Your Coins on the Exchange?
Many cryptocurrency users advocate creating a wallet and storing your coins there. This way, you have total control over the crypto. For convenience stake, though, you might still consider keeping your coins on an exchange. You can have more comfort in doing so when using reputable services like Binance, Coinbase, and Cash App that have been around for years.
Which Crypto Exchange Website is Best for US Players?
Coinbase and Binance US are both quite popular among American gamblers who want to buy cryptocurrencies. eToro, Cash App, and KuCoin are all solid sites as well.
What Should I look out for When Picking a Crypto Exchange Website?
Consider these factors when picking a crypto exchange website:
- Assortment of crypto
- Payment methods
- Usability (Is the site user-friendly? Easy to navigate?)
- Exchange rates
- Reputation of the site