In the wake of the recent Binance breach, the circle of trustworthy and unhacked cryptocurrency exchanges is shrinking. While crypto exchange hacks are nothing new, the recent breach shows that even the most popular and seemingly trustworthy exchanges are not safe from hackers. Nevertheless, there are still some cryptocurrency exchanges out there that you can trust.
The following exchanges are considered the most reliable on the market so far.
- Kraken
Trading volume (last 24 hours): $115 million
Rank (among other exchanges): 5
Currencies: 20
- Coinbase Pro
Trading volume: 165 million USD
Ranking: 6
Currencies: 20
- Huobi
Trading volume: 648 million USD
Ranking: 8
Currencies: 194
- OKEx
Trading volume: $1.2 billion
Ranking: 9
Currencies: 195
- Upbit
Trading volume: 167 million USD
Ranking: 11
Currencies: 203
- Bittrex
Trading volume: 45 million USD
Ranking: 14
Currencies: 247
- Liquid
Trading volume: $7.3 million
Ranking: 15
Currencies: 73
- BitMax
Trading volume: $341 million
Ranking: 17
Currencies: 47
- CEX.io
Trading volume: $2.3 million
Ranking: 18
Currencies: 116
- Gemini
Trading volume: 15 million USD
Ranking: 23
Currencies: 5
- BitForex
Trading volume: $904 million
Ranking: 48
Currencies: 116
What hacking attacks did we have in 2019:
In January, Cryptopia has experienced multiple attacks, costing users around $23 million.
LocalBitcoins lost nearly $48,000 due to a breach in January.
In February, Coinmama lost 450,000 users' personal data.
DragonEX, a Singapore exchange, lost about $7 million in late March.
In March, South Korea's victim largest exchange Bithumb fell to hacking, losing $13 million.
Rumor has it that CoinBene “unofficially” lost over $100 million at the end of March, although it denies this.
In Q1 2019 alone, cryptocurrency scams, thefts, and fraud cost users and exchanges over $1.2 billion, with $356 million stolen from cryptocurrency exchanges, according to security firm Ciphertrace. According to the firm, these thefts only represent visible losses, while the true numbers are likely much higher.
