Would you like to go on a crypto shopping trip, but do not know exactly where to buy Bitcoin and Co.? The business portal capital commissioned the Munich Institute for Wealth Creation (IVA) to take a closer look at the biggest differences between the well-known crypto exchanges.
The various providers could score points in the categories of cost, range, security and service. The higher the score, the better the respective candidate performs.
In our slideshow you can find out who came on the podium and which providers can not yet keep up with the competition.
These are the 12 best crypto exchanges
12th place: Nuri
The Berlin cryptostart-up Nuri (ex Bitwala) works with Solarisbank and offers not only a current account, but also the purchase of Bitcoin (BTC) and Ethereum (ETH). While Nuri is doing quite well in terms of security, the offer, according to the evaluation, leaves a lot to be desired. The start-up achieves only 55 out of 100 possible points.
11th place: Trade Republic
The German online broker Trade Republic ranks 11th in the rankings with 61.4 points. According to the evaluation, there is still room for improvement, especially in terms of safety.
10th place: Bitcoin.de
Probably the most well-known domain in the field of cryptocurrency is also a bitcoin exchange. With 66.8 points, Bitcoin.de is number 10 in the ranking of crypto exchanges. The crypto-trading platform should still have room for improvement in terms of offerings.
The largest crypto exchange in the United States ranks only 9th in the rankings with a total of 69.6 points. In terms of cost, Coinbase achieves only half of the possible number of points.
8th place: Coinx
The German crypto broker Coindex is in 8th place in the crypto provider comparison with a total of 70.8 points. Although the company can score with its offer, it achieves only a little more than half the number of points for security.
The Viennese trading platform Bitpanda achieved a 7th place in the crypto comparison with a total score of 72.5 points. The Austrian start-up achieved the highest number of points for its offer, but had to make a few compromises when it came to costs.
6th place: Digital Exchange (BSDEX)
The digital exchange on the Stuttgart exchange achieved a 6th place in the rankings with a total of 75 points. In particular, the section on the cryptocurrency exchange’s offer does not appear to be fully utilized yet, while it may keep up with the frontrunner in terms of cost.
5th place: justTRADE
The German crypto broker justTRADE achieved 5th place in the crypto comparison with a total score of 75.5. While the company is doing well on costs, justTRADE achieves only a little more than half of the maximum possible points in the service category.
4th place: Bitstamp
The London-based crypto exchange Bitstamp is just below the top 3 providers with an overall score of 77.3. In the service category, Bitstamp received only 12.8 out of a maximum of 20 points and thus did not get a place on the podium.
3rd place: Bison
Bison, a subsidiary of Boerse Stuttgart, received the bronze medal from the crypto exchanges in the rankings. With a total of 81 points, the provider excels especially in the service category, where it achieved the highest rating.
Of course, the world’s largest crypto exchange should not be missing from this ranking. Binance is number two in the comparison with an overall score of 81.5. This is how the stock exchange obtains the best possible assessment in terms of costs.
The winner of the comparison of crypto exchanges is the American stock exchange Kraken. The company achieved an overall score of 81.6 points. In the service category, Kraken won over Binance and thus secured the gold medal in the rankings.
Still curious about how crypto exchanges worked in detail? Here is the result table.
You can also find more information on buying Bitcoin in our guide.
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