The article presents the rating of 2017 cryptocurrency exchanges available for Russian-speaking traders. Let's try to find out which cryptocurrency exchange is better, and who definitely should not be trusted.
Among all the existing Russified trading platforms, experienced Internet merchants especially distinguish the exchange located on the Exmo.me website.
Rating of cryptocurrency exchanges available for Russian-speaking traders
The Russified exchange is still at the top of its popularity, allowing traders to sell and buy rubles. It's about Exmo. According to the creators of the exchange, Exmo was launched after a careful study of miscalculations made by potential rivals. As a result, the goal was achieved: traders work in conditions close to exemplary.
The commission for transactions of sale is 0.2%. Deposits are made without charging a fee. The procedure for confirming personal data can be omitted, however, in cases where the user is going to cash funds through a bank, verification is required. A Russian-speaking user who completes his profile and confirms the accuracy of the specified information receives a priority right to withdraw dollars and euros.
The following Russian-speaking cryptocurrency exchanges in the 2017 rating enjoy no less confidence.
The simple interface of the C-Cex exchange allows traders to trade using almost 200 types of cryptocurrencies (despite the fact that the number of sellers simultaneously present on the trading floor often approaches 200 thousand people).
Other advantages of the C-Cex trading platform:
- high degree of protection and the possibility of two-factor authentication;
- operational processing of sales orders, as well as the ability to quickly withdraw funds;
- transaction fee is 0.2%; no service fee is charged for depositing and withdrawing funds;
- three-level affiliate program;
- the possibility of free transfer of funds within the trading platform
- active chat, through which traders can share experience, talk about personal experiences and discuss various strategies;
- the introduction of a new currency is carried out only after universal suffrage.
Livecoin exchange provides the ability to exchange and store bitcoins and altcoins inside the system. The new currency is introduced on the trading floor after a general vote or through the sale of trading places. About 60 currency pairs are involved in the auction.
Distinctive features of Livecoin:
- With an increase in turnover, the amount of the commission fee for depositing and withdrawing funds decreases by 0.2-0.02%, and the commission is charged only for transactions. Funds are withdrawn to virtual wallets for free.
- Representatives of different countries can simultaneously be on the exchange - the site is translated into many languages, which makes it understandable and accessible to the world community.
The YoBit trading exchange closes this list, but not the rating of cryptocurrency exchanges. YoBit works with all known types of cryptocurrencies and with the unpopular. About five hundred active trading pairs are used on the trading floor. The Bitcoin exchange rate on this exchange often exceeds the cost set on other sites.
The amount of the commission fee charged for transactions depends on each specific case, but does not exceed 0.2%. In addition, the site actively distributes bonuses, gives coins and holds draws.
In order to protect user accounts on the site, two-factor authentication is used.
The quantitative composition of cryptocurrencies allows the YoBit platform to compete with sites such as Poloniex and C-Cex.
The most visited cryptocurrency exchanges. 2017 rating
Poloniex Users whose transaction volume has exceeded 120,000 MTC are exempted from the commission here.
Bittrex Any trader working on this exchange may require the provision of paper copies of emails. The cost of the service is 10 US dollars. For a surcharge of $ 1, residents of the United States will be able to receive the correspondence of interest to them in their own hands. Outside the United States, mail is delivered at an additional cost. Bittrex commission fee - 0.25%.
The rating of cryptocurrency exchanges, which in 2017 accepted the largest number of Russian- speaking users, closes the Exmo exchange. Here traders charge 0.2% of the commission fee, and part of this money will be returned to the merchant's account if the volume of his transactions increases.
Exmo provides Russian-speaking merchants who are ready to pay 2% of the commission the opportunity to withdraw funds to Yandex.Money.
A 3% commission fee will be paid by those wishing to withdraw their earnings to Paypal wallet. When transferring funds to Visa / MasterCard, $ 7.5 is added to the 3% commission fee, while transferring funds to Webmoney 2% is charged. A 2% commission will be paid by those who wish to withdraw their earnings to the AdvCash or Perfect Money card account.
For the transfer of earned funds to hryvnia accounts, users from Ukraine pay 3% for withdrawals to Visa / MasterCard and 0% for withdrawals to AdvCash. Withdrawal to Privat24 is not possible.
Bitfinex exchange: good, but "unclear"
Authors of negative reviews almost always touch upon the complicated and not quite transparent concept of the commission fee introduced on Bitfinex. For example, when replenishing an account with z-cash electronic currency (the creator is Zerocoin Electric Coin Company), the Bitfinex system charges a commission for a purchase and sale transaction, plus a replenishment commission fee. Traders pay for carrying out trading operations separately, in the form of a monthly fee.
Bitfinex could certainly affect the rating of cryptocurrency exchanges if its creators listened to the opinions of experienced Internet entrepreneurs.
One of the most cost-effective, but ...
Poloniex This trading floor is visited by “sharks” of the virtual trading crypto-society. It is believed that Poloniex could lead another rating of cryptocurrency exchanges - in terms of cash turnover. It is known that not so long ago the daily turnover of the exchange reached 68,216 coins.
But, unfortunately, this exchange has one significant “minus” - the sluggishness of technical support. According to users of this site, there have been times when the staff responsible for technical support contacted only after a few months.
The most reliable trading platforms often visited by Russian-speaking traders
Poloniex is a cryptocurrency exchange whose reliability rating is not inferior to other trading platforms actively visited by Russian and Ukrainian Internet entrepreneurs.
On the Bittrex trading platform, you can meet traders whose expectations were not met by the Poloniex exchange. Bittrex provides a much larger selection of currency pairs, with Bitcoin often being one of its constituent parts.
Exmo is an exchange whose daily turnover is about to reach one and a half thousand military-technical cooperation. Here trade in fiduciary currency is permitted - euro and dollar. It is also possible to conclude ruble and hryvnia transactions (provided that the hryvnia is an integral part of the hryvnia-bitcoin currency pair).
Bitfinex marketing move
Bitfinex stands out from other trading platforms - it provides for downloading applications for Android and iOS. In addition, funds earned on Bitfinex are protected by a multi-step payment confirmation system.
Cryptocurrency exchanges that do not justify the trust of entrepreneurs online
At the head of the list is the BTC-E trading platform. In February 2014, the exchange suspended work with the Russian currency, and at the beginning of 2017, this trading platform completely closed, so that after a while “register” at the new address.
Not enthusiastic about BTC-E and English-speaking users. So, on the Internet leaked information about a hacked account, which supposedly kept as much as $ 40,000 stolen directly from under the owner’s nose. According to the victim, the attacker should be sought among the employees serving the trading floor.
In fairness, I must admit: BTC-E has a lot of advocates who claim that the site under discussion is one of the most reliable.
Also, the trading platforms Coinmat (suspicion of fraud), Cryptsy (theft of a large sum), Bleutrade (stopped withdrawal of funds) and some others were included in the list of dubious ones.
The Ace of Finance is back. Will it be in demand as before?
The BTC-E cryptocurrency exchange appeared in 2011 and until 2014 was considered one of the largest Russified trading platforms. The creators of this site are immigrants from Russia, therefore, operations with rubles are again allowed here. Currently, the activity of the trading platform, which has settled on the Wex portal, has resumed.
Authoritative traders, for whom transactions on cryptocurrency exchanges have long been a source of main income, believe that BTC-E can no longer see such success as in the past.
Who is better?
Which cryptocurrency exchange is better, only professionals know. Collaborating with a huge number of electronic payment systems and banks, the founders of the Exmo exchange have developed a kind of “chip” whose purpose is to attract Russian-speaking traders to the site. Now anyone can withdraw the earned money to their mobile device.
Technical support and online chat Exmo (where you can also ask a question about technical support) are available 24 hours a day. In addition, the site has an affiliate program, active participants of which receive a quarter of the profits of the trading platform.
The central office of the site is located in Spain (Barcelona) and has a staff of lawyers, ensuring that all actions of traders do not go beyond the legal framework.
One of the leaders of the 2017 ranking is the cryptocurrency exchange, reviews of which often contradict each other. This is BTC-E. While some online entrepreneurs accuse BTC-E employees of theft, others call this trading platform one of the most respected, and the story of the theft of $ 40,000 is too ambitious assumption of an amateur trader.