This comprehensive list of instant Exchanges (Instant Non-Custodial Cryptocurrency Exchanges) shows the most popular ones, based on traders' comments at crypto forums and in social networks. They are sorted out in decreasing order of popularity in crypto-blogs. However, let’s first figure out where people use it for.
People usually go to Exchangers when they need to buy something that can only be paid with bitcoin (or other crypto’s). They buy and instantly send bitcoin into their wallets to pay for games, goods or services. In contrast with Exchanges, where you send money in the Exchange’s wallets to trade or hold. But mostly it is about earning money. Making more money than just keeping bitcoins in your wallet.
To hold, they’d buy and deposit to a Crypto Spot Exchange. To leverage (multiply) they typically buy and deposit to a Crypto Option Exchange. The difference is as follows. Investing on a Spot Exchange might double or halve your bitcoins in 2020, while an Option Exchange might return 30 times or lose your (small) investment. So even when the bitcoin doubles to $20k in 2020, you would make more with a mere $300 option contract.
Why Would People Buy Bitcoins There?
Unfortunately, most of us are not professionals. Professionals trade at Deribit, Quedex or Bitmex, keeping retail traders out due to the complexity of an option contract. That's why beginners and advanced users usually go to MobyTrader or MobyTrader-like-whitelabels. MobyTrader enables non-professional option traders access to crypto option exchanges like Deribit, Quedex, and more. The company simplifies the very complex derivatives to the fingertips of every novice mobile option trader.
Here they go Long and Short with the ease of a beginner’s fingertip on the MobyTrader app which connects to the professional option exchanges. So instant exchangers help non-professionals to make leveraged profits on the rise of bitcoin, that used to be out of league before.
Instant depositing means seamless buying bitcoins, with no complicated signups procedures into the wallet with your custody. They are anonymous, meaning no multistep KYC strict verifications, usually do not require any deposit and so on. Just a quick deal, normally all they want to know is wallets' addresses from the cryptocurrency of the FIAT money you want to swap.
Most exchanges operate through a smartphone application or just have one, which they offer for download. Consequently, they are very popular in South-East Asia and other places, where mobile digital gadgets run the show. Many traders consider exchangers as an additional tool for the main platform they got used to working on.
Interest in cryptocurrency is growing worldwide day by day. Big choice of crypto assets, much lower than banking commission, financial and personal independence coupled with strong positions of leading bitcoins make the cryptocurrency the most competitive alternative financial asset you can think of. Consequently, demand for fast, smooth, painless and anonymous exchange of fiat to crypto money follows this global trend. In this niche, instant crypto exchanges grow by the highest possible path, because they have it much easier when it comes to attracting new enthusiasts into their trading community. Young and most economically active people, in particular, are fascinated with technological advantages, which made cryptocurrency trading so easy, all it takes is just to make several clicks.
However, hand-to-hand with the growth of this promising niche competition severely increases as well. For example, with the passing of new legislation, banks in Germany will offer direct sales and custody of crypto assets after 2020. Also, exchanges need to be regulated separately in every single country in the EU. This might harm the exchanger’s industry like a rock and sooner than we think. Perhaps, partnerships with the largest Crypto Option Exchanges with additional retail solutions like MobyTrader or whitelabels could be an effective solution to this challenge.
1. Changelly
The first exchange on the TOP-50 ranking list is Changelly. This instant exchange appeared in every other comment and almost all of them were quite positive. The service has been founded in Prague, the Czech Republic back in 2013, when a pilot version was launched and became operational in 2015. Since the year 2016 one can buy the crypto at Changelly with fiat money. Now this fast, simple and non-custodial exchange service operates with more than 150 digital currencies. The service has attracted more than 2 million users, its weekly turnover exceeds 15 thousand transactions with a monthly turnover of 60K BTC, while the commission does not exceed 0.025% for cryptocurrency deals. The exchange also enjoys quite a high 4.5 rating at the Trustpilot website.
2. Deribit
Deribit is an instant exchange, super-fast technology. According to traders' reports, the average speed of order execution does not exceed 10 milliseconds. The company is headquartered in the Panama. The service doesn't have a test account, also it takes to fill a form with email and password to get started.
3. Change Hero
Change Hero is an anonymous instant exchange with no sign-ups. One can swap crypto or buy with credit or debit cards in a snap. The exchange offers 0% commission on partner coins, TRX, BCD, XVG and BTG among them. One of significant advantages of the exchange lies in transparency of operations. Thus, the ChangeHero exchange shows incoming transaction commission before the exchange itself takes place. VISA and Master cards are accepted for cryptocurrency-fiat money deals. On the other hand, the exchange strictly follows policy of anonymity, The exchange also offers crypto asset swapping to verge right on their website.
4. Yobit
Yobit A quite popular exchange, with minimum registration (e-mail and password, Captcha and consent with Yobit's rules) required. This instant exchange offers over 7K cryptocurrency pairs to work with.
5. Bittrex
Bittrex One of the leading digital assets trading platforms, which claims to provide "lightening-fast" settlements. At the end of 2019, Bittrex announced the launch of its mobile app that caters to users seeking the trade on the go. Technical staff located in the US, while headquarter is in Lichtenstein, from where Bittrex operates its global business expansion.
6. KuCoin
KuCoin This Hong Kong-based cryptocurrency exchange, launched in 2017, tries to differentiate itself from competitors, introducing a sophisticated system of bonuses and its own tokens, called KuCoin Shares (KCS). The KCS is a decentralized cryptocurrency, emitted on the ETH base. They provide KuCoin traders with certain advantages and benefits, such as lower commission, additional income and some other.
7. ShapeShift
ShapeShift A popular and free instant digital assets trade platform. At registration, the exchanges provide 100 FOX tokens for verifying your account. The platform's business is carried out through a mobile app but also has a functional desktop website. A few years ago the ShapeShift, then based in Washington, was accused of accepting funds from criminal groups, and it also suffered from the theft of BTC, but the business survived. The company is headquartered now in Switzerland, while most staff operates from Denver, Colorado State, USA.
8. BitMex
BitMex A P2P crypto products trading platform, active in segments of Bitcoin futures and swaps. BitMex is the Republic of Seychelles' incorporated entity. Despite it being a predominantly BTC exchange, one can also find popular altcoins there.
9. CryptoFish
CryptoFish.com Interestingly enough, the abbreviation FISH in the name of the company stands for "Financial Intelligence Serving Humanity". In addition to offering instant purchases of cryptocurrency via credit and debit cards, CryptoFish offers instant coin swaps.
10. LiteBit.eu
Launched in December 2013, LiteBit.eu is a crypto exchange based in the Netherlands. This platform boasts a high number of supported cryptocurrencies. It also supports the following payment methods; SEPA, Sofort, iDeal, MyBank, and Bancontact. On the exchange, users can buy cryptocurrencies using euro. Currently, it’s active in 51 markets with a trading volume of over $695,587 in the past 24 hours.
11. Bybit
Bybit This exchange claims that it has a strong core engine, able to process up to 10K order transactions per second. The number of exchange’s users now exceeds 100K. A welcome bonus from $10 is provided. The key instruments are crypto derivatives. The exchange offers perpetual contracts and accepts only cryptocurrency funding methods. Bybit is headquartered in Singapore but is registered on the British Virgin Islands.
12. BitShares
BitShares is an open-source decentralized exchange based on Graphene technology. As a decentralized exchange, there is no need for any verification, KYC or AML. Founded in the US, the BitShares offers its own cryptocurrency and decentralized blockchain swap service. The core of the system is so strong, able to process up to 100K transactions per second.
13. Quedex
Quedex is quite a new entrant in the crypto space, having launched in December 2017. The platform is based in Gibraltar and offers a Bitcoin Derivatives Exchange where users can manage risk through Bitcoin-denominated futures and options on BTCUSD. The exchange recently became the first regulated crypto-centric futures and options platform.
14. Coinmerce
Launched in 2017, Coinmerce is a crypto exchange based in the Netherlands. The platform’s strongest points seem to be speed and simplicity. It’s available in six languages; English, Dutch, German, Spanish, French, and Italian. The exchange supports over 130 cryptocurrencies with an extensive collection of some obscure altcoins. Unfortunately, this exchange is only accessible in a few European countries.
15. LocalBitcoins
LocalBitcoins A P2P crypto exchanges. Such platforms use auction-type deals. One of its important features is the escrow mechanism, aimed to secure traders. It means that if for some reason the seller doesn't release purchased crypto coin, the exchange will not release your payment to him, and vice-versa: if you sell a coin you don't release escrow until you get your payment.
16. Bitonic
Launched in March 2012, Bitonic is a crypto exchange based in the Netherlands. Unlike most exchanges based in the Netherlands, this platform doesn’t explicitly deny US residents the chance to trade on the platform. On the exchange, users can buy BTC using EUR. Other supported payment methods include iDEAL and Bancontact. Currently, it's active in only one market with a trading volume of a little over $463,932 in the past 24 hours.
17. BitSquare
BitSquare An open-source desktop application, peer-to-peer marketplace. It is a fully decentralized exchange that requires no name, email ID or verification so there is no question of KYC or AML. The exchange uses Tor and doesn't hold fiat or bitcoins on their servers or in their account. Currently, it supports 126 cryptocurrencies and is available on Windows, Mac, and Linux platforms. The trade volumes, however, are relatively low.
18. EtherDelta
EtherDelta Decentralized P2P trading platform that lets to trade Ether and Ethereum-based tokens directly with other users. As a decentralized exchange so there are no deposit or withdrawal limits or any requirement of AML or KYC. The speed is questionable though, as everything you do on this exchange is smart contract-powered and requires you to pay the GAS price. Hacks-protected via Ledger Nano S.
19. OpenLedger DEX
OpenLedger DEX A decentralized exchange and an entry point into the decentralized market. OpenLedger's interface makes this platform easy to use for anyone, while numerous gateways allow users quickly withdraw cryptocurrencies traded on this exchange.
20. RuDEX
RuDEX A Russian language user will be pleased as this platform has a comprehensive Russian interface and Telegram-based chat with the help team. The exchange is a branch of the British Bitshares.DEX service, with all its advantages. The platform is also known as "Bitshares.RuDEX".
21. Bitit
Bitit One of few instant exchanges with France as domicile country. Their competitive advantage: traders can connect their Ledger Nano S or Trezor wallets to the Bitit-trading platform. By enabling this feature, Bitit gives the customers the opportunity to store their private keys offline (on their hardware wallet), while still being able to use the Bitit trading platform for trading the relevant cryptocurrencies.
22. IDEX.Market
IDEX.Market Decentralized cryptocurrency exchange for Ethereum (ERC-20) tokens trade. The exchange uses Ethereum- based smart contracts. The exchange operates since 2017. Requires Ethereum tokens deposit to start trading activities.
23. Gate
Gate One of the oldest instant trade platforms created in China in 2013 but then was acquired by US investors. Gate.io offers several dozens of cryptocurrency pairs in USDT, BTC, ETH и QTUM. The commission of the system stands at 0.2% of the volume of transactions.
24. ERCdEX
ERCdEX Traders believe this exchange has quite simple UI, trade from MetaMask, Ledger Nano S or mobile wallet. No KYC/AML required for Ethereum utility tokens.
25. ABCC
ABCC The accumulation of cryptocurrency at the platform allows you to receive bonuses, thus getting some additional income. The ABCC has about 120 trading pairs available for swaps on the platform.
26. Kyber
Kyber is a decentralized trustless instant exchange, an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application. Kyber was founded in Singapore.
27. Bitfinex
Bitfinex A Hong Kong-based and registered on the British Virgin Islands, this instant exchange offers 30 days free of any charges trial period and some other incentives, like partnership programs, etc. Margin traders can be provided with credit leverages up to 3.3 factor. This trading platform is also known for its strong affiliation with Tether cryptocurrency.
28. Exodus
Exodus An instant exchange, operating on mobile apps (both iOS and Android), basically it's a multi-cryptocurrency wallet, with a very easy user interface. Exodus supports some 95 currencies, trade transactions among these supported pairs are swapped out instantly.
29. Conicoin
Conicoin is one of the first open-source decentralized Ethereum wallets for iOS. It automatically detects all ERC20 tokens held on the ETH account. Simple and intuitive UI, keys are stored on users' iPhones, the exchange never asks for any user data or their private keys.
30. InstaEX
InstaEx Instant, anonymous (no KYC procedures) non-custodial exchange with 150+ coins and no limits on the amount of exchange. The Trustpilot rating stays at three stars level, and the country of origin isn't disclosed.
31. Kraken
Kraken One of the largest and oldest Bitcoin exchanges, with serious security policy, but still Kraken is consistently named one of the fastest and best places to buy and sell crypto online, thanks to low fees, coupled with a permanent drive for advanced technologies.
32. Atomicwallet
Atomicwallet An easy to use, simple and versatile decentralized instant exchange for custody-free crypto trading. This instant service allows managing about 300 coins and tokens.
33. Magnum Wallet
Magnum Wallet is an application for smartphones is a multicurrency wallet, working with more than 50 coins and more than 700 tokens.
34. Jaxx
Jaxx is a cross-platform, multi-currency wallet with storage and exchanger functionality, launched by the Canadian company Decentral in 2016. Jaxx is adopted for every operating system and a nice bonus for traders is the ability to install extensions for the Google Chrome browser.
35. Guarda
Guarda was founded in Tallinn, Estonia this non-custodial crypto storages wallet and instant swap service support 45+ blockchains and over 10K tokens. It operates on Web (Chrome Extension), desktop service and mobile application.
36. Simpleswap
Simpleswap is an easy-to-use instant trade platform for cryptocurrency exchanges that works without registration and limits. SimpleSwap supports more than 175 coins. The platform has issued one of the first tokens (called SWAP) ever emitted by an instant cryptocurrency exchange platform Loyalty Program and bring significant benefits to SimpleSwap customers. SWAP Token holders will receive cashback on exchange services.
37. Paxful
Paxful is a well-known instant P2P exchange service, which operates as a community of over 800K users. Each member of Paxful can build up his own reputation and gain additional profit with the help of this tool. The partnership program is also in place, you can get a bonus (commission) if you invite new members into the system.
38. Coinmama
Coinmama is an instantly fast and easy way to buy and sell crypto. This instant exchange claims to have more than 1.5 million users in 200 countries.
39. Coins.ph
Coins.ph Obviously, this service was set in the Philippines but turned out to be a Pan-Asian mobile instant exchange. It also allows us to pay bills and send money via electronic transfers, based on blockchain technology.
40. OKEx
OKEx is an instant BTC exchange, secured with bank-level SSL encryption and cold storage. Distributed servers for high-speed bitcoin trading based on real-time data. OKEx uses spot trading evaluation approach: for the exchange between different cryptocurrencies, using one kind of crypto, such as BTC, as the unit of valuation to buy another crypto, such as ETH.
41. Robinhood Crypto
Robinhood Crypto is an instant trade service was well-known as a simple tool to buy-sell "classic" stock. But in 2018 they launched a commission-free crypto trading web platform and mobile application (see the website address above) with a main advantage of the brokerage application Robinhood is that all operations in it are carried out without commission. You can buy or sell cryptocurrency on this exchange in the amount of only $0.01. The only exception is Bitcoin, whose share can be bought for at least $ 0.10.
42. Voyager
Voyager is an instant commission-free exchange service, created by technology industry veterans with experience in Uber. Voyager service combines cryptocurrency trade with market news, advanced charting, and research, all-in-one app.
43. Abra
Abra is one of the world's first global fast crypto investments. Now Abra empowers users in more than 150 countries to invest in hundreds of cryptocurrencies via a single app.
44. Peatio
Peatio is an exchange, with Chinese roots. The service rests on the principles of "open-source, transparent and honest". Peatio aims to serve a platform for crypto-currency enthusiasts.
45. Infinito
Infinito operates 2000+coins and tokens. This wallet has teamed up with Changelly. The later empowered Infinito Wallet with a crypto-to-crypto exchange between 140+ cryptocurrencies. The Infinito wallet users can buy crypto with fiat money for USD, EUR, and GBP using their credit cards.
46. Coinomi
Coinomi is a multi-chain wallet for both mobile & desktop that provides support for more than 125 blockchains (the biggest number in the industry for non-custodial wallets) and thousands of tokens. Founded back in 2014, Coinomi is one of the oldest multi-chain wallets available, with millions of active users.
47. HolyTransaction
HolyTransaction is an instant exchange and universal crypto wallet. HolyTransaction provides access to cryptocurrency right from its website. No software downloads required.
48. Coinfy
Coinfy is online multi-currency wallet-type platform that offers an easy way to buy and sell bitcoin, as well as virtual currency payment processing. Coinify API enables partner integration. Access to crypto-assets is secured through one unified interface. The platform became operational in 2018 and its web service was launched in Panama.
49. Agama
Agama supports This wallet provides support Hierarchical Deterministic, Open Source features and Mac OS, Windows, Linux platforms. It provides Full Node validation and Average ease of use. The service was created to work with Komodo (KMD) cryptocurrency, which now offers a wide variety of crypto assets.
50. DueDEX
DueDEX One of the most popular BTC derivatives trading platforms. The service offers competitive fees and a welcome bonus worth of $70. The platform is registered in Belize.
51. Green Exchange
Green Exchange Instant cryptocurrency conversion platform. No registration required. Among competitive advantages, the exchange offers are reusable wallet addresses. Traders can send another amount of coins to the addresses generated before. No new transaction, all coins set will be automatically exchanged to the same currency and sent to the same wallet address, with actual rate.
52. HotBit
HotBit Instant trading service, which offers pairs with Bitcoin, Litecoin and Etherium. This instant exchange has Chinese roots. The exchange claims it processes 2.6K BTC's pairs per day.
53. Lykke
Lykke This service is an easy and comprehensive tool for beginners, so it offers Bitcoins and Ether deals for those who start the cryptocurrency trading business.
Conclusion
One can easily note that all of these instant exchanges have similar features and trends, since they are definitely under pressure from the banks and regulators. Some of them (and it's particularly true when it comes to the Asian marketplace) try to introduce new fiat instruments and assets, including even ordinary payments for utilities. Some of them move out of countries with changing crypto regulation (EU) and some of them are looking for alternative secondary monetization models.
With further technological advances and wider distribution of cryptocurrencies, they might be ready for something bigger than just FIAT-crypto swaps. Also, many of them have developed built-in browsers features (browser extensions). The future will prove, which technology suits best, now it looks like Instant Option Trading shifts towards smartphones, in the continuous fixation on more retail traders for the, still emerging, Crypto Option Exchange industry.
Also, it looks like some platforms strive to address unconventional instruments, to cater to underserved regions of the world, such as poor regions of Asia or Africa. The crypto market traders, united in groups in social networks, such as Bitcointalk, Coinpath, Reddit, FB, and some others marked these above-mentioned exchanges, but it doesn't mean that tomorrow a new star won't appear.
