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openWhy do you recommend Coinbase?

openWhy don't you recommend Coinbase?

Coinbase is an American bitcoin exchange and hosted wallet service that allows people with a US bank account to send, receive and store bitcoin.

Very easy to setup & use

The entire process of using Coinbase is seamless. All you need to do to start buying/selling Bitcoin is link your bank account to Coinbase, and if y...

You can instantly buy Bitcoin

If you provide a Credit Card as a backup payment method and verify your identity you can instantly buy and sell bitcoin instead of waiting the usual...

Can be slow to receive bitcoins

It can take from 3-7 days to receive your Bitcoins after you have purchased them.

openWhy do you recommend LocalBitcoins?

openWhy don't you recommend LocalBitcoins?

LocalBitcoins is effectively a localised Ebay for bitcoin. LocalBitcoins facilitates the buying/selling of bitcoin between individuals in both face...

Instant transfers

There is no delay in receiving your bitcoins once the payment has completed. Given that you're dealing with locals with local bank accounts, the...

No or minimal banking fees

As you're typically dealing with locals, transferring funds is typically free & fast and the site lets you see what bank a given user is wit...

You have to deal with other people

Unlike Coinbase, MtGox etc you're directly dealing with other people on LocalBitcoins. This can make the overall process longer and your experien...

openWhy do you recommend Bitstamp?

openWhy don't you recommend Bitstamp?

Bitstamp is an exchange based in London that enables people to buy and sell bitcoin between themselves at a price set by the exchange. It's the s...

Free SEPA deposits

Bitstamp is very economical if you live in Europe as they have free SEPA deposits.

Great support

Multiple threads on the Bitcoin sub-reddit praise Bitstamp for fast and helpful support.

No cons added yet

openWhy do you recommend Buttercoin?

openWhy don't you recommend Buttercoin?

US-based bitcoin exchange where users can buy, sell, and trade bitcoin. Full order book exchange with market and limit orders available. ACH and wi...

Fast and Easy

The site is very intuitive and depositing dollars was fast and easy. The whole process from on-boarding to buying my first bitcoin with them took ab...

US Based Bank

It has been shut down

Buttercoin does not exist anymore.

openWhy do you recommend

openWhy don't you recommend

Pay with credit/debit card

Buy Bitcoin with credit and debit card instantly, within minutes of signing up.

Instant buys

When you purchase Bitcoin, they are available in your account instantly

No cons added yet

openWhy do you recommend

openWhy don't you recommend

BitBay is a fast and secure cryptocurrency exchange supporting Bitcoin, Litecoin, fiat currencies (PLN, EUR, USD).

Easy to use

Intuitive interface, easy to learn and use.


Cold wallet asset storage and two-factor authentication (provided by Rublon or Google Authenticator)

No cons added yet

openWhy do you recommend Kraken?

openWhy don't you recommend Kraken?

No pros added yet

No cons added yet

openWhy do you recommend CampBX?

openWhy don't you recommend CampBX?


Very low prices for an exchange that you can actually get money into and out of easily.

Fiat deposit options

They accept money orders and if you have done KYC, they also accept personal checks.


low volume

openWhy do you recommend

openWhy don't you recommend is a popular Germany-based exchange

No pros added yet

No cons added yet

openWhy do you recommend Virwox?

openWhy don't you recommend Virwox?

Buy using Paypal or Credit card

Buy with paypal

You can purchase bitcoin using paypal, but the fees are high

Buy with credit card

You can purchase bitcoin using your credit card, although the fees are high

Very high fees

High fees, you usually end up paying at least 10% more than market rate