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Exchanges 3 min read

Exchange Trust Score 8+: What It Means and What It Doesn't

We only use exchanges rated 8 or more out of 10 on CoinGecko's trust score. What the score measures, why we set the bar there, and what it can't tell you.

By StakeBible

In this article
  1. The score is CoinGecko's; the threshold is ours
  2. Why 8
  3. The exchanges we track
  4. What a high score does not mean
  5. What to check yourself

Every market you see on StakeBible, and the list of coins we cover, comes from exchanges rated 8 or more out of 10 on CoinGecko's trust score. Below that bar, we track nothing. This article explains what the score is, why we chose 8, and the questions it does not answer.

The score is CoinGecko's; the threshold is ours

CoinGecko, the crypto data provider, rates spot exchanges on a scale of 1 to 10. We do not compute the score or adjust it; we copy it as published. Its exact weighting is CoinGecko's own and we do not describe it.

What the score is about, broadly, is two things: how credible an exchange's reported trading volume is, and how deep its order books are, meaning how much you can buy or sell near the quoted price before the price moves against you.

What is ours is the line: we track exchanges rated 8, 9 or 10, and nothing below.

Why 8

A price is only as good as the market it comes from. On an exchange where the reported volume is inflated or the order book is thin, the last trade can sit far from what you could actually buy or sell at. Put that price next to others and it drags them all.

By drawing the line at 8, the markets we show are the ones where the volume is credible and the books are deep enough to trade. Our coin universe is built from the markets of these exchanges, and the exchanges listed on a coin's page and the markets an investment plan can use all come from this set.

The exchanges we track

The exchanges we track, by CoinGecko trust score

47 exchanges rated 8 or more out of 10. The score is CoinGecko's; the threshold is ours. Within a tier, order follows volume, not preference.

10/10 · 6

  • Binance
  • OKX
  • Coinbase Exchange
  • Kraken
  • MEXC
  • Bitstamp by Robinhood

9/10 · 13

  • LBank
  • Toobit
  • Bybit
  • Gate
  • Ourbit
  • KuCoin
  • WhiteBIT
  • Crypto.com Exchange
  • Bitget
  • Bitvavo
  • HashKey Exchange HK
  • Bitkub
  • Gemini

8/10 · 28

  • WEEX
  • CoinW
  • DigiFinex
  • Hotcoin
  • Upbit
  • GroveX
  • Bullish
  • Bitfinex
  • Niza.io
  • Bithumb
  • BingX
  • Zoomex
  • Bitunix
  • BYDFi
  • Bit2Me
  • Coinstore
  • P2B
  • BitKan
  • Byte Exchange
  • OSL Exchange
  • Bitbank
  • VALR
  • GMO Coin Japan
  • Bybit EU
  • Bitazza
  • Binance US
  • Bitso
  • Luno

Live from our data, updated with every site build. Compare all exchanges

Within each score, the order follows trading volume. It is not a ranking of which exchange is best: we do not hold data on fees, insurance or regulation that could support one.

What a high score does not mean

  • It is not a safety rating. The score does not measure whether an exchange is solvent or how it holds customer funds. An exchange can have deep, honest markets and still fail.
  • It is not a regulatory check. Whether an exchange is licensed where you live is a separate question.
  • It is not a recommendation. It tells you the market is real. It does not tell you the exchange is right for you.

What to check yourself

Before you deposit anywhere, check what the score cannot:

  1. Whether the exchange publishes proof of reserves, and when it was last updated.
  2. Whether it is licensed or registered in your country.
  3. How withdrawals have behaved in past market stress.
  4. How much you keep there. Funds you are not trading do not need to sit on an exchange.

You can choose the exchanges you use on the exchanges page, and the rest of StakeBible will follow your choice.