Exchanges Overview: The Best Cryptocurrency Exchanges (Part 2)

Exchange Overview: Bexplus, PrimeXBT, KuCoin, BTC-Alpha, Kraken, SIMEX, Bittrex, ZBG.

In a previous article, an article: Exchanges overview: The best cryptocurrency exchanges (Part 1) started a review on cryptocurrency exchanges for storing, selling and buying cryptocurrencies. Consider their pros and cons.

Also read our last article about the best mining pools:
https://crazy-mining.org/majning-2/top-pulov-luchshie-puly-dlya-majninga

Bexplus

Site: https://www.bexplus.com/ru

Established: 09/08/2018

Deposit: USDT, Cryptocurrencies

Conclusion: USDT, Cryptocurrencies

Commission: 0.075%

Country: China

Verification: Not required

Interface: English, Russian, Chinese, German, Spanish

Minuses:

Lack of cryptocurrency purchase inside the exchange for Fiat (possible through Changelly);
Few trading pairs

Pros:

100x marginal shoulder. With a price increase of 1%, you can get 100% profit;
There is a demo account;
Thanks to a customizable interface, the exchange is great for users of any level;
24/7 support

Bexplus – It is a cryptocurrency trading platform founded by senior blockchain architects, experienced financial traders, Internet professionals and managed by a team with over 50 years of experience in the field of finance and futures trading.

Bexplus has opened offices in the USA, Brazil, India and Hong Kong. Bexplus has versions in 16 languages, which facilitates the work of investors around the world. The language is determined automatically, depending on your location (in our case it will be Russian).

Brief history and investor interest

The Bexplus exchange was founded in 2017, and has been working perfectly since then. Funding of $ 10 million allows you not to worry that work on improving the platform will stop: the team is actively working on its project, and soon there will be futures not only for well-known cryptocurrencies, but also for other altcoins.

Today Bexplus offers perpetual contracts for futures BTC, ETH, LTC, EOS, XRP with a leverage of up to 100x.

Bexplus’s goal is to provide advanced financial services to global futures investors using blockchain technology.

The team promises to develop blockchain and cryptocurrency futures and improve the experience of customers in this market.

More and more investors are switching to this platform. Why? It is all about perpetual futures contracts that allow you to earn not only on raising rates, but also when the market is in the cryptozyme stage, i.e., on the decline.

Benefits of Bexplus

Simple registration

In addition to registering on the site using e-mail, you can register on the site using the mobile application.

Bilateral profit

With a perpetual cryptocurrency futures contract, you can make a profit when the price of BTC, ETH, EOS, XRP or LTC rises or falls. You can choose when to open a short or long position, and set a stop profit or a stop loss point to reduce the risks of investing.

100x leverage

Bexplus offers a leverage that increases your investment by 100 times, while other exchanges offer a leverage that increases your capital by a maximum of 50 times. Even if you only hold 0.1 BTC, you can use up to 100x and enter a larger trade, which means you can use 0.1 BTC to start trading with 10 BTC.

Free Futures Trading Simulator

Bexplus offers a simulation mode where you can try to trade cryptocurrency futures with a predefined limited number of BTC, ETH, EOS, XRP or LTC. This feature is intended for novice investors who are not familiar with trading cryptocurrency futures and, in particular, with perpetual contracts.

High security

Bexplus is equipped with storage technology for encrypted cold wallets with many signatures. In other words, all of your digital asset deposits or trading on Bexplus will be stored securely in a cold wallet. This ensures high security of your cryptocurrency and the absence of an account hack.

Promotions for users

The exchange also periodically conducts various activities to stimulate users. At the moment, Bexplus holds several promotions for its customers, including good offers on the referral program and a 100% deposit bonus.

Uniqueness

Typically, cryptocurrency exchanges offering traditional futures trading work according to this scheme: you can buy or sell cryptocurrency futures at a predetermined price at a specified time.

Bexplus provides a perpetual contract that simulates a margin-based spot market without expiration or redemption. Simply put, you can buy (long positions) or sell (short positions) BTC / ETH / LTC / EOS / XRP futures at any price at any time.

In addition, Bexplus offers 100x leverage for trading BTC futures. If you open a long position when the BTC price rises by 1%, you can get 100% profit.

Conversely, if you open a short position, you can also get 100% profit when the price of BTC decreases by 1%. And the minimum number of cryptocurrencies in Bexplus futures trading is: 0.1 BTC, 1 ETH and 10 LTC. This is quite friendly for investors and novice traders who hold a small amount of BTC, ETH and LTC.

Output

It is very convenient and profitable to trade on the Bexplus exchange. The exchange has a number of minuses and pluses:

Minuses

Lack of cryptocurrency purchase inside the exchange for Fiat
Few trading pairs

Pros

100x leverage. With a price increase of 1%, you can get 100% profit
Have a demo account
Thanks to its user-friendly interface, the exchange is great for users of any level.
24/7 customer support

PrimeXBT

Site: https://primexbt.com/ru

Established: 08/28/2018

Deposit: Dollars, Euros, USDT, Cryptocurrencies

Conclusion: Dollars, Euros, USDT, Cryptocurrencies

Commission: 0.05%

Verification: Not required

Interface: English, Russian, Chinese, Spanish

Minuses:

Some sections of the exchange have not yet been translated into Russian.

Pros:

24/7 customer support; Flexible financial leverage, i.e. leverage 1 to 1 or 100 to 1;
Quick and easy registration;
Thanks to a flexibly customizable interface, the exchange is great for users of any level;
High liquidity

PrimeXBT is a trading platform that allows you to trade both cryptocurrency and other various assets, such as gold, oil, forex and many others.

When using this platform, unlike other market participants, you will have a great advantage, because you can earn on falling prices. After all, playing for a fall and using leverage at your discretion, you can achieve good results with rational risk management.

During the review, we will help you understand how to hedge risks and secure your assets on the stock exchange.

Brief history and investor interest

The trading platform was founded in 2018, and now it is growing and developing in more than 150 countries of the world.

The excitement for using this platform was very great at the time of opening, and at first the servers experienced a very large load.

Within a week from the moment of opening, more than 125,000 thousand users registered on the platform and today we will tell you what generated such interest and what are the advantages of the site.

Benefits

An intuitive and flexible interface, which will understand both a beginner and an experienced trader. It can be customized by adding those indicators that are best suited for you personally.
There is no compulsory procedure KYC (collection of personal data of the client), so you do not need to send a passport, driver’s license and other documents.
The leakage of personal data is not possible because you do not have to go through KYC verification.
Support for active trading with a leverage of 1: 100 on all supported cryptocurrencies.
There are no minimum amounts for depositing and withdrawing funds, which is precisely one of the strengths of this platform.
Commission is one of the lowest in the industry – 0.05%.
Due to the fact that the exchange platform introduced an integrated cybersecurity system, it has never been hacked.

There are no analogues of this platform yet, as PrimeXBT provides the following unique tools and features.

Uniqueness

On the platform, it will be possible to earn not only on the growth of cryptocurrency, but also on its fall, because there is a leverage with a complete check of risks after each order (we will discuss this in detail below)

Transactions are executed instantly, without delays, since the technological infrastructure of the exchange is designed for extreme loads and instantly conduct 12,000 transactions per second.

You can open opposite orders and types of transactions, i.e. to buy and sell in one account.

It is possible to calculate the maximum position size, since there is a shoulder calculator on the site.

Referral program

A multi-level referral program will allow you to earn money if you have developed social accounts. networks. You can get up to 50% of the trading commissions of your referrals. Read the terms here: https://primexbt.com/en/partners.

Conclusions

On the PrimeXBT exchange, trading takes place anonymously without verification of identity. The platform has a number of pros and cons:

Minuses

Some sections of the exchange have not yet been translated into Russian.

No demo account. But when you switch to real trading, you will learn how panic, fear, greed, self-confidence affect it, which cannot be rehearsed on a demo account. Therefore, it is better to start, albeit with small amounts, but on a real account.

Pros

The site seeks to provide round-the-clock customer support.

Flexible financial leverage, i.e. leverage 1 to 1 or 100 to 1

Quick and easy registration (you can start trading within 40 seconds!)

Thanks to a flexibly customizable interface, the exchange is great for users of any level.

High liquidity

KuCoin

Site: https://www.kucoin.com

Established: 09/15/2017

Deposit: USDT, Cryptocurrencies

Conclusion: USDT, Cryptocurrencies

Commission: 0.1%

Country: China

Verification: Not required

Interface: English, Russian, Chinese, German, Spanish

Minuses:

There is no way to enter fiat funds, only cryptocurrency

Pros:

Small fees and a high degree of account protection;
Platform reliability (has never been hacked), support for the Russian language;
Fast transaction processing;
Instant withdrawal of funds;
Mobile applications;
Fast technical support

Exchange Benefits

Despite the fact that the KuCoin cryptocurrency exchange was created recently – in the fall of 2017, it has already established itself as one of the most reliable trading platforms in the world of cryptocurrencies and blockchain.

The platform has all the advantages of a decentralized system: reliability, security, speed of transactions (due to the powerful engine the exchange has no problems with scalability) and others benefits.

Let’s dwell on the features of the platform that distinguish it from other cryptocurrency exchanges.

The main feature of KuCoin is its own cryptocurrency KuCoin Shares (KCS). For holders of coins on the exchange, developers offer a number of advantages:

Dividends. Every day, 50% of all commission fees on the exchange are evenly distributed between each KSC token, that is, all KuCoin Shares holders make a profit every day.
Discounts on commission and withdrawals. Users who have KSC receive a 1% discount on trading fees for every 1000 KCS they hold (up to a maximum of 30%).
Special offers. The exchange promises to periodically make promotions and special offers for all KSC holders.

Another feature of the exchange is a quick withdrawal of funds. If the amount of your offer to withdraw funds is less than 100,000 coins, then this withdrawal will be processed automatically. Withdrawal usually takes a few seconds.

KuCoin Exchange has created its mobile application for user convenience. The mobile application is available for iOS and Android.

Another feature of the exchange is a multi-level security system. You can protect your account in three unique ways. Read more below.

BTC-Alpha

Site: https://btc-alpha.com

Established: 01/25/2015

Deposit: Dollars, USDT, Cryptocurrencies

Conclusion: Dollars, USDT, Cryptocurrencies

Commission: 0.2%

Country: United Kingdom

Verification: Not required

Interface: English, Russian

Minuses:

Hacked the exchange several times

Pros:

The ability to enter fiat;
No verification;
Simple interface
Low withdrawal fees;
Russian language support

Features

This trading floor was registered in 2016 in UK and is managed by Russian entrepreneur Vitaly Bondar.

BTC-Alpha offers more than 90 cryptocurrencies for trading and is included in the TOP 100 exchanges in terms of trading volume per day.

Since BTC-Alpha supports the Russian language and has a simple interface, many Russian-speaking users choose it.

The main feature of the exchange is the ability to enter fiat – the state currency (so far only USD – the dollar).

The BTC-Alpha cryptocurrency exchange is good in that you can trade US dollars on it, and it also supports the Russian language.

The rest of the indicators are pretty standard and nothing special BTC-Alpha is no different.

A few hacks ensured the exchange’s not very good reputation, but this can be avoided by immediately setting up account security (a complex password and 2fa).

You can also ensure the safety of your funds if you store them in a cold wallet, and not on the exchange.

Kraken

Site: https://www.kraken.com

Established: 10/01/2011

Deposit: Dollars, Euros, USDT, Cryptocurrencies

Conclusion: Dollars, Euros, USDT, Cryptocurrencies

Commission: 0.26%

Country: USA

Verification: Mandatory

Interface: English

Minuses:

Verification is still there – you need to provide your personal data

Pros:

Security (password, passcode, 2fa);
Interface;
Convenient trading tools;
Input and output of fiat;
Simple verification (provision of documents for level 3 only)

This trading platform is included in the TOP-20 of the largest exchanges in terms of cryptocurrency trading volume – consider registration on the exchange, trading instruments, deposit and withdrawal of funds, as well as the trading itself.

Benefits:

Simple interface
Professionalism
Exchange Bitcoin and altcoins to fiat

Features

Kraken Marketplace was founded in 2011 in San Francisco (USA). Today, the exchange is the largest trading platform for Bitcoin for fiat:

U.S. dollar
Euro
Jena
GBP
Canadian dollar

The exchange has a good reputation not only among users, but also among the media – on the official website you can read excerpts from articles of various publications that talk about the exchange:

“Our mission is to provide an exceptional Bitcoin exchange experience,”

This is how Jesse Powell (CEO and Co-Founder of Kraken) described the goals of the site.

The trading platform is in the TOP-20 exchanges in terms of cryptocurrency trading volume and for good reason: an excellent interface, convenient trading tools suitable for both beginners and experienced traders, the ability to work with fiat – all this allows the Kraken exchange to maintain high positions.

The exchange makes a very good impression + a high degree of account protection suggests that you can trust your assets on this trading platform. Kraken has positive reviews in the press, which is not quite common for a cryptocurrency exchange, it says a lot: everyone knows that the media are carefully examining their objects of observation and if there was any scandal or hacking by Kraken, we would already be talking about that they knew.

SIMEX

Site: https://simex.global/ru

Established: 02/22/2016

Deposit: Dollars, USDT, Cryptocurrencies

Conclusion: Dollars, USDT, Cryptocurrencies

Commission: 0.1%

Verification: Mandatory

Interface: English, Russian

Minuses:

A lot of unnecessary information on the pages;
Mandatory Verification

Pros:

Combination of trade and investment functions;
Low commission for input and output;
The ability to input and output fiat (including on bank cards);
Many projects available for investment are from Russia;
Many trading pairs;
Simple and intuitive interface

SIMEX – it is not just an exchange, but also an investment platform.

SIMEX exchange is a trading platform where you can exchange fiat for cryptocurrency directly between users (P2P).

Features:

Minimum commissions
P2P Exchange – You can send funds to other users by ID, phone number or email
ICO support and promotion
Ability to enter fiat: USD, EUR, GBP, JPY, RUB
Cryptocurrency OTC arbitrage – SIMEX has a page that displays more than 1,500 tokens and cryptocurrencies, as well as their rates on various exchanges. On this page, it will be possible to create orders on any of the presented trading platforms, having a profile on SIMEX (in development)
Has its own SMX token

The SIMEX investment platform is a platform where you can invest in real-life and existing projects. Most often these are manufacturing enterprises, existing business projects and startups.

Only those projects that have passed a rigorous selection of a platform team that checks all the documentation for validity fall on SIMEX. Then users vote on the possibility of placing the project on the platform. Only after all the verification procedures does the project go to SIMEX, so the risk of investing in a dummy company is minimized.

Benefits:

Minimum starting investment
Only proven and really functioning projects
Many projects from Russia
The ability to sell the investment share to other users
Replenishment and withdrawal of money online is possible with most payment systems, as well as Visa and MasterCard

Output

SIMEX platform is quite unusual and stands out from a number of ordinary exchanges. First of all, we note that the platform is designed for both trading and investment.

As a trading platform, SIMEX does not stand out from a number of ordinary exchanges: everything is the same as everywhere else. There is not even a choice of the type of order – it is one – limit.

But as a SIMEX investment platform, it’s pretty good: detailed information about each project, all documentation is strictly checked, the project was voted on by users to be included in the investment list on the platform.

Easy and understandable purchase and sale of investment shares with reasonable commissions.

As for the minuses of the platform, this is a mandatory detailed verification of the account (passport, address, bank card), without which you will not be able to deposit / withdraw money or perform any other operations on the platform.

We also set a minus for a lot of unnecessary information, which only confuses the user. Almost all the additional information and instructions are about investments – this can be confusing: where is the exchange?

However, this can be justified by the fact that SIMEX trades are conducted, as well as on other similar platforms, but there are not so many investment platforms with cryptocurrency support in Russian.

A big plus of the platform is the investment. SIMEX and Positions itself as an investment platform, and then a cryptocurrency exchange. But this does not prevent her from entering the TOP-50 of the largest exchanges in terms of cryptocurrency trading volume

Bittrex

Site: https://bittrex.com

Established: 01/25/2014

Deposit: Dollars, USDT, Cryptocurrencies

Conclusion: Dollars, USDT, Cryptocurrencies

Commission: 0.25%

Country: Washington

Verification: Mandatory

Interface: English

Minuses:

close service wallets
wallet address freezes

Pros:

stable;
many currency pairs;
high trading volume

The Bittrex cryptocurrency exchange, founded in 2014 by three cybersecurity engineers, is the main US blockchain platform that provides fast trading and reliable digital wallets.

Bittrex creators claim their exchange is leading in cybersecurity industries. The mission of Bittrex is to help advance the blockchain industry by stimulating innovation, incubating new technologies and stimulating transformational changes.

Benefits

Secure Platform – Bittrex ensures the reliability of transactions and storage of funds, exchange wallets are as similar as cold wallets (the most reliable). In addition, Bittrex provides two-factor authentication for all users and provides many additional security features to provide several levels of protection.

Custom trading engine – all transactions between users are executed in real time. Bittrex also supports third-party trading platforms and allows trading through its programming interfaces (APIs).

Quick deposits and withdrawals – highly efficient and automated platform monitoring allows the exchange to provide users with the fastest operations available today. Including balance updates, trading and wallet information.

Innovation – To drive the development of the blockchain industry, Bittrex is committed to supporting new and existing blockchains. Bittrex is committed to providing its users with an ever-expanding selection of blockchain technology and digital tokens. Moreover, all new digital tokens presented on the trading platform must undergo a rigorous verification process.

Responsible Fulfillment of Requirements – Bittrex will comply with all applicable US laws that help prevent, detect and eliminate illegal behavior of customers and virtual currency developers when using the Bittrex trading platform or any other company services.

Bittrex cryptocurrency exchange is one of the most reliable due to the cold storage of funds and an excellent degree of user protection. Also, the exchange is one of the most trusted by users, since it has not been seen in any major scandal for the entire time of its existence.

However, a significant minus will be the fact that the exchange with an enviable frequency closes the wallets of a coin for servicing. When your wallet is closed for servicing, you cannot conduct any operations with it. For example, the exchange closed a Bitcoin wallet for servicing, which means that you cannot make any transactions with Bitcoin. You also can not withdraw or enter this cryptocurrency on the exchange.

Bittrex likes to close wallets during servicing during hype – this means that you will not be able to earn on speculating with this currency.

Another drawback will be the passage of verification – confirmation of a real person. For many users, this is a significant obstacle, since not everyone wants to show that they have cryptocurrency. Especially in Russia (all the more, a bill is being prepared according to which only those that pass through traders will be recognized as legal transactions with cryptocurrency in Russia).

Despite the good reputation of the exchange, we do not recommend storing funds on it. The main reason is the closure of service wallets, but they can also hack the exchange. The most reliable place to store is cold wallets. However, remember that exchanges often close the registration of new users – therefore, we recommend that you register on the Bittrex cryptocurrency exchange right now.

ZBG

Site: https://www.zbg.com

Established: 04/02/2018

Deposit: USDT, Cryptocurrencies

Conclusion: USDT, Cryptocurrencies

Commission: 0.1%

Country: China

Verification: Not required

Interface: English, Chinese

Minuses:

There is no support for the Russian language (but this article or the translator built into the browser can help you perfectly);
There is no support for the Russian language (but this article or the translator built into the browser can help you perfectly);

Pros:

Simple interface
Simple bidding mechanism;
Has its own ZT token;
There are many advanced features;
with the exchange ZB;

Features

Fantastic user experience

Over the years, the ZBG platform has established excellent feedback with users, which allows the team to quickly solve any problems, as well as achieve high speed access, expand the website and quick response of applications.

More than financial security.

ZBG uses the independent and full cryptocurrency business service ZB, which currently serves more than 15 cryptocurrency business companies around the world. This is the only business service that supports the replenishment, input and output of many cryptocurrencies in the form of blockchains.

Most currencies that support multiple signatures securely distributed in the form of unified blockchains for the provision of technological services. All this goes offline, which offers truly secure technology.

Customer service and technical support work 24/7

Professional and flexible customer service and technical support helps to cope with the changing requirements of customers and find a solution to problems encountered in working with the platform.

Cryptocurrency listing

A variety of cryptocurrencies are listed on the ZBG platform.

Firstly, ZBG represents innovative cryptocurrencies for the exchange of truly high-quality projects.

At the same time, as a cryptocurrency trading platform that supports better currencies, ZBG will follow the rule of listing on the GEM (growing corporate market) exchange with a mechanism of “cumulative ranking of individuals” and conduct ranking according to the number of cryptocurrency deposit accounts, supported by GEM.

Cryptocurrencies that show good trading dynamics can be recommended for listing on the main exchange – ZB.Com

Commissions

Open deposit: free
Trading Commission: 0.1%
The withdrawal fee is different for each coin. For more information, see the “Fees” section on the official website of the exchange: https://www.zbg.com/help/rate

Conclusion and recommendations

The ZBG trading platform is one of hundreds of cryptocurrency exchanges on the market. Its only advantage is its connection with the larger ZB trading platform. In essence, ZBG is an additional ZB trading platform for trading in new currencies (Innovation Zone).

Otherwise, if:

Did you like the platform interface
You have an account on ZB, do not want to bother with registration, but you need some specific function of this exchange
Do you want to buy a new coin, which is only here

Then register on the ZBG exchange right now – https://www.zbg.com, since trading platforms often close the registration of new users!

Conclusion

We recommend registering on a large number of exchanges, not only because exchanges sometimes close the registration, but because you can manipulate your portfolio of cryptocurrencies and diversify investments in various assets.

Remember that trading and profits come with experience. The sooner you begin to study, the faster you will get results with or without marginal leverage. Any tool can be used both for good and against oneself.

Most beginners think that trading success lies only in books, formulas and a single strategy. But this is not so, because otherwise trading bots would force people out of the market.

Learn to trade, because trading robots cannot see The psychological mood of the crowd: panic, anxiety, insecurity. And the market is mentality and emotions.

Do you have experience with these platforms? Share it in the comments!