The Top 10 Most Active Cryptocurrency Exchanges on CoinTracking

This year marks CoinTracking’s 5-Year anniversary and we couldn’t be more thankful to be a part of the explosive growth of the industry over the years. While we’ve seen more than a few cryptocurrency exchanges come and go, there are many more that have stood the test of time to become some of the most active cryptocurrency exchanges choices when trading cryptocurrency.

So what better way to celebrate the more than 900,000 CoinTracking users taking their portfolio game to next level then by sharing the top 10 most actively used cryptocurrency exchanges on the CoinTracking platform.

Most active cryptocurrency exchanges on CoinTracking

Based on a snapshot of all cryptocurrency exchanges frequented by CoinTracking users, here’s a list of the ones leading the pack.

Poloniex

Location: United States (Wilmington, Delaware)

Overview: A pure crypto-to-crypto exchange, Poloniex was acquired by payments company Circle in 2018. The new owners are hoping to position the exchange as a marketplace for tokens in the future and it has been a safe bet when trading a variety of cryptocurrencies over their past 4 year history.

CoinTracking Import Links:

1. Poloniex API Import
2. Poloniex CSV Exchange Import

Bittrex

Location: United States (Seattle, Washington)

Overview: Launched in 2014, US-based Bittrex has been known for its user-friendly interface and strong security. While Bittrex can be a great option for Bitcoin and Tether trading pairs, the exchange has also been an ideal place for investors trading altcoins like Siacoin, Cardano, and Ethereum, all of which currently lead Bittrex volume.

CoinTracking Import Links:

1. Bittrex API Import
2. Bittrex CSV Import

Binance

Location: Malta

Overview: Launched in 2017, Binance has blasted onto the cryptocurrency scene. Known for its low trading fees and diverse coin offerings, the exchange allows trades in over 45 coins, including Bitcoin Cash, Dash, EOS, Ethereum, Litecoin, and Neo. With some serious volume, it’s no surprise that Binance tops our active CoinTracking exchange list. Binance has also received good marks for customer support and positive community sentiment.

CoinTracking Import Links:

1. Binance API Import
2. Binance CSV Import

Kraken

Location: United States (San Francisco, California)

Overview: Seven-year-old Kraken is regarded as the largest bitcoin exchange based on European volume and liquidity. The site has been particularly strong for international traders looking to trade with the US dollar, Canadian dollar, British pound, Euro and Japanese yen.

CoinTracking Import Links:

1. Kraken API Import
2. Kraken CSV Import

Coinbase

Location: United States (San Francisco)

Overview: Serving 32 countries, Coinbase is one of the largest and most popular Bitcoin Exchanges in the world. Launched in 2012, Coinbase’s strong reputation, VC backing, and constant product innovations have made this exchange the leading option for most new traders looking to buy Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

CoinTracking Import Links:

1. Coinbase API Import
2. Coinbase CSV Import

Bitfinex

Location: Hong Kong

Overview: Although a sometimes controversial cryptocurrency trading platform because of discrepancies in volume, Bitfinex’s massive bitcoin trading volume can’t be overlooked. The exchange has catered toward seasoned cryptocurrency traders and has a variety of advanced functions, security, and trading features.

CoinTracking Import Links:

1. Bitfinex API Import
2. Bitfinex CSV Import

Bitcoin.de

Location: Germany

Overview: German-based Bitcoin.de has proven to be a strong option for new bitcoin traders looking to trade on a cryptocurrency exchange. Easy-to-use with the right amount of liquidity and security, this trading platform offers Euro trading that has become quite popular within the region.

CoinTracking Import Links:

1. Bitcoin.de CSV Import

GDAX

Location: United States (San Francisco, California)

Overview: The Coinbase-owned
exchange has become a popular platform for experienced traders looking
for more advanced features to trade top cryptocurrencies like Bitcoin,
Ethereum, Litecoin, and Bitcoin Cash. GDAX allows trades in close to 30
different fiat currencies, allowing the Coinbase alternative to lead the
way for serious traders looking for more functionality.

CoinTracking Import Links:

1. GDAX API Import
2. GDAX CSV Import

Bitstamp

Location: Luxemburg & Slovenia

Overview: Bitstamp, a European-based Exchange, has also been great option for seasoned traders on CoinTracking. While the exchange platform has limited payment methods and high deposit fees on smaller amounts, Bitstamp has been a strong option for traders with larger portfolios.

CoinTracking Import Links:

1. Bitstamp API Import
2. Bitstamp CSV Import

Cryptopia

Location: New Zealand

Overview: Cryptopia is has distinguished themselves by providing more unique features like peer-to-peer trades and a marketplace that allows you to buy, sell, or trade items using cryptocurrency. The cryptocurrency platform even has mining pools for listed cryptocurrencies.

CoinTracking Import Links:

1. Cryptopia API Import
2. Cryptopia CSV Import

While it can be difficult to choose
the one cryptocurrency trading exchange that’s right for you, this list
is a good jumping off point. Although they are popular among
CoinTracking users, it’s always best to do your own due diligence. Weigh
the advantages of each based on what currency you’ll be trading with
and what features are most important to your trading strategy.

You can go to the Enter Coins page to start  importing and tracking all your trades now.

Beyond cryptocurrency exchanges, CoinTracking can help with you:

1. Support for DeFi trades (e.g., Uniswap)
2. Import your Binance Smart Chain  and Binance Chain trades.
3. 25+ advanced reports, including which coins are tax-free or tax reduced.
4. Get you gains calculated automatically.
5. 12 accounting methods (e.g., FIFO, LIFO, HMRC, ACB).
6. Generating compliant tax reports in your country.

Sign-up to CoinTracking today!

If you need personalized help reviewing your transactions or preparing your US tax returns, check out our CoinTracking Full Service. CT Full Service is provided by a team of crypto tax professionals led by Sharon Yip, an expert CPA. Follow our weekly AMAs on Twitter where Sharon Yip answers your crypto tax questions.

Follow the best weekly crypto content on our blog:

Crypto Tax Guide for the United Kingdom

• 5 things to know about paying taxes on crypto in the UK

Crypto Tax Guide for the United States

• How to report crypto in your taxes?
• What tax forms do I need for crypto?
• NFT Taxes: The Complete Guide for the US

Crypto Tax Guide for Australia

• NFT Taxes: The Guide for Australia

Crypto Tax Guide for Canada

• The Superficial Loss Rule

Disclaimer: All the information provided above is for informational purposes only and should not be considered as professional investment, legal, or tax advice. You should conduct your own research or consult with a professional financial advisor when investing.