10 Best Cryptocurrency Exchanges
- Binance:- The world’s largest exchange and a mobile app are available. This is the greatest and #1 in 2021 if you have to choose just one. Provides the largest number of cryptos, as well as basic and advanced trading. Margin trading, Exchange coin (BNB), and many other exciting features are available.
- ByBit:- With a high number of sales, this is a very popular product. Idle for the purposes of margin trading.
- FTX:- FTT is the fastest-growing crypto exchange with a native token.
- Gate.io:- Low cap gems + quantitative trading for users.
- CoinMama:- It’s ancient, but it’s gold, and it allows you to buy BTC and ETH quickly.
- Cex:- Simple and easy to use .
- Kraken:- Based out of USA, and a secure crypto exchanges, existing for last half a decade.
- CoinBase:- A regulated exchange situated in California in the United States of America.
- Changelly:- Convert any cryptocurrency to the currency of your choice in an instant. Great for instant conversions.
- Binance Future:- The best cryptocurrency exchange for trading futures
Bitcoin and altcoins are slowly but steadily gaining traction among investors all around the world.
These cryptocurrencies have stated repeatedly that they are a safe haven against the government’s inflationary policies.
That’s why some people are making money off of cryptocurrency, while others are purely speculating with short-term trading (i.e. buy low, sell high).
But, before we get into the best cryptocurrency exchanges, I want to remind you that it’s not too late to start investing in cryptocurrencies. With a market worth of $219 billion at the time of writing, the Bitcoin and altcoin market is at an all-time high. Later this year, I expect we will surpass the $300 billion mark.
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10 Best Cryptocurrency Exchanges for Trading Cryptocurrency
1. Binance
Binance is a fast-growing cryptocurrency exchange that raised $15 million in its initial coin offering (ICO) on July 21, 2017. The company is based in Malta, which is known for its cryptocurrency and offers a lightning-fast exchange. The exchange is suitable for both novice and experienced traders. They have an inbuilt wallet that may be used to store Bitcoin for a brief period of time. If you allow it, you might earn interest on your Bitcoin or USDT holdings.
It has developed considerably since its ICO and is now one of the top five cryptocurrency exchanges in the world. It presently has over 200 altcoins listed on it, and the number is growing by the day.
Binance, as a centralized exchange, has chosen a novel approach to growing its company, offering day traders a reasonable discount if they utilize BNB tokens. BNB is the platform’s native currency, allowing you to save money while purchasing and selling any coin.
Binance operates a global exchange that is open to the public and has the most liquidity. Binance accepts users from the United States. Users from the United States and Singapore can join Binance Singapore. Select the idle Binance exchange for your jurisdiction from the table below:
Binance Global | Sign up here (10% Trading Fees off) |
For everyone (Users from all country) except the USA |
Binance USA | Sign up here (Get $15 ) |
For the USA users |
Binance SG | Binance SG (Get 100 SGD) |
Native exchange for Singapore users |
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Binance Fees Structure
To begin, they charge a typical trading cost of 0.1 percent, which is far lower than that of their competitors. If you pay your trading fee in BNB according to the format described below, you can lower your fee even more.
To get started with Binance, you must first register with your email address, which is a simple and quick process. Binance is one of the few cryptocurrency exchanges that has an iOS and Android app.
2. FTX
FTX is a new exchange that was launched by FTX Trading Ltd in May of this year. Because of its highly interactive user interface and numerous innovative derivatives products, the exchange is rapidly expanding. The corporation is situated in Hong Kong and is incorporated in Antigua & Barbuda, in the Caribbean.
The exchange’s USP is its crew, which has extensive and dynamic expertise in both cryptocurrency and traditional trading. Jane Street, Optiver, Susquehanna, Facebook, and Google are among the FTX team’s Wall Street quant funds and tech businesses. The group has a lot of experience with traditional secondary markets. Members have experience trading equity derivatives and appear to grasp how derivatives are usually designed and what types of derivatives are in demand. “By the traders, for the traders” is FTX’s motto.
The Exchange raised USD 8 million in August 2019 to invest in the exchange’s operations.
The exchange offers nearly all of the services that other major exchanges do, including spot trading, futures trading, ETF trading, margin trading, and staking. It does, however, offer certain unique products, like as leveraged tokens, tokenized equities stocks, prediction markets, and over-the-counter (OTC) transactions.
For Example :
- Trump2024 is a future contract in which you can wager on whether Mr. Donald Trump will be elected President of the United States in 2024.
- Many traditional equities stocks, like as Tesla, Amazon, Apple, Nokia, and others, are available in token form.
- Shitcoin Index Perpetual Futures and Altcoin Index Perpetual Futures are two futures contracts.
The platform offers numerous advantages, including:
- Interface that is simple to use
- App for mobile devices that is interactive (for android and iOS users)
- Presence in the community and on social media
- The exchange offers a three-tier liquidity protocol and an FTX Insurance Fund that give users with a lot of liquidity.
- Exchange Rates are Low
- Management’s domain expertise
- FTX Exchange, like Binance, offers an internal governance token called FTT that can be staked for staking rewards.
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FTX is a complete exchange with a wide range of features and benefits. It offers practically all traditional (spot, futures, staking, 2FA, etc.) as well as many new services (tokenized stocks, leveraged tokens, prediction market, and so on) to its customers.
Furthermore, given the exchange’s expansion potential, the exchange’s native token FTT has a significant upside potential.
Create Account on FTX (5% trading fees discount)
3. Bitfinex
Bitfinex is another of the world’s largest and most well-known cryptocurrency exchanges.
It is based in Hong Kong and has been in business since 2014. It allows customers to trade the following 13 cryptocurrencies in USD or BTC:
- Bitcoin
- Bcash
- Dash
- Ethereum
- Zcash
- Monero
- Litecoin
- Ethereum Classic
- OmiseGO
- EOS
- IOTA
- Santiment
- Ripple
Update: They have added a lot more cryptos recently.
Unlike Bittrex, you can trade in US dollars (with a $20 wiring charge). In addition, users will be charged a trade fee that ranges from 0.1 percent to 0.8 percent.
If you’re a professional trader, Bitfinex has advanced trading tools like limit orders, stop orders, trailing stop, fill or kill, TWAP, and others, as well as market charts.
To begin trading on Bitfinex, you must first register, verify your identity, and validate your account. After submitting proper ID evidence, it usually takes 15-20 business days for you to be admitted into the platform.
You may also utilize Bitfinex’s Android and iOS mobile apps if you grow bored with the browser version or want to trade on the fly.
Create a Free Bitfinex Account
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4. Coinbase
Coinbase is a cryptocurrency exchange located in the United States that caters to a global clientele. They are user-friendly and provide excellent speed and dependability.
CoinBase allows you to acquire cryptocurrencies and trade them at the same time. They have an app for both iOS and Android that allows you to exchange cryptocurrencies from anywhere in the world. Coinbase also offers a wire transfer service.
Coinbase’s security standard is enterprise-grade, and they’ve been around for a long time. Almost the entire continent (Africa, Asia) is supported by Coinbase. Europe, North America, and South America)
Coinbase also accepts popular stable coins like DAI and USDC, which is essential for any major cryptocurrency exchange.
5. Changelly
Changelly is one of the most straightforward ways to acquire various cryptocurrencies.
Changelly has a track record of continuously releasing high-quality goods in the crypto-space.
One of the best things about Changelly is that there are no long verification or registration procedures. It’s a non-custodial agreement.
It currently supports over 200 cryptocurrencies as well as fiat currency pairs such as USD/EUR. It is one of the greatest and most user-friendly cryptocurrency exchanges around.
When you use Changelly to trade bitcoin, the matching engine connects you in real-time to some of the best and busiest cryptocurrency exchanges to get you the best price.
A crypto-to-crypto trade usually takes 2 to 20 minutes when utilizing Changelly.
You won’t have to worry about any hidden fees or charges because the amount you see is the amount you get.
All you need is a VISA/MasterCard (credit/debit card) and a wallet where you want to receive your new coins from Changelly.
The procedure is very straightforward.
To swap your cryptocurrencies, go to Changelly and follow the on-screen instructions.
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6. KuCoin
KuCoin is another another user-friendly cryptocurrency exchange. KuCoin has a variety of popular and distinctive coins, like CHR, $KCS, and others. They, like Binance, have a fully functional Android and iOS mobile app.
To begin trading with KuCoin, simply deposit any cryptocurrency of your choice, such as BTC.
7. Huobi Global
Huobi Global is a global cryptocurrency exchange that started in China and has now expanded to service as many investors as possible. It is situated in Singapore and has been effectively functioning in this market for the past five years.
It is now ranked #3 on CoinMarketCap’s list of cryptocurrency exchanges by volume, with 244 cryptocurrency pairs. As a result, it goes without saying that you will never have liquidity issues on this exchange.
Users who wish to trade cryptos on the go can download their mobile apps for Android and iOS.
8. Bittrex
Bittrex is a cryptocurrency exchange based in the United States that allows you to trade more than 190 cryptocurrencies at once. They are well-regulated and conform to all current US regulations, so crypto customers do not need to be concerned about the protection of their assets.
Out of all the exchanges in the globe, Bittrex has one of the greatest BTC trading volumes.
Users (buyers/sellers) choose the rates at which they want to trade, and Bittrex charges a nominal service fee to provide this platform (0.25 percent ).
To use Bittrex, you must first register and log in with your email address; however, in order to withdraw funds, you must complete a KYC by supplying your ID documents and phone number, as well as setting two-factor authentication for greater limits.
However, one advantage of Bittrex is that account verification is relatively quick.
Bittrex accepts two different types of accounts:
- Basic Account – you can withdraw up to 3 BTC each day from your account.
- Advanced Account – daily withdrawals of up to 100 BTC.
Bittrex is a “crypto-only” exchange, which means you can’t deposit fiat currencies like USD, EUR, or GBP.
Advanced trading features such as candlestick charts and crosshairs are available, but the user interface is simple and intuitive, so newcomers should have no trouble.
Follow this official step-by-step guide to visit Bittrex and create a Bittrex account.
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9. Kraken
Kraken is a cryptocurrency exchange for serious individuals and companies. It also has an institutional account for crypto firms, in addition to individual accounts. Kraken accepts a variety of digital assets and allows you to fund your account with a variety of traditional currencies.
For high-volume crypto exchanges, Kraken also has a Bitcoin OTC desk. Kraken has a maker-taker fee structure with volume incentives depending on your previous 30 days’ activity. Staking of popular proof-of-stake coins is also supported by Kraken.
Kraken allows you to deposit and withdraw money to any bank account in the world. The bank transfers are swift, and the customer service is superb.
Overall, Kraken is a safe and trustworthy exchange that you should consider using.
The Best Crypto Exchanges with Rating
Exchange | Rating |
---|---|
Binance | 9.8/10 |
Binance futures | 9.6/10 |
FTX Exchange | 9.2/10 |
Changelly | 8.7/10 |
Bittrex | 8/10 |
Gate.io | 9/10 |
Bitfinex | 9.1/10 |
Binance | 6/10 |
CoinBase | 9.1/10 |
Using the above cryptocurrency exchanges, you will be able to purchase practically any coin you desire.
However, there are a few more cryptocurrency exchanges with which you should register, as some coins are exclusively available there. It’s a good idea to create an account with the majority of these to save time when you find a winning coin.
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Which cryptocurrency exchange has the lowest fees?
At the present, Binance and Bybit have the lowest fees.
Which Cryptocurrency exchange has the most coins?
Binance possesses the greatest amount of high-quality coins.
Are any cryptocurrency exchanges regulated?
There are a few exchanges that are regulated. For example, Coinbase, CEX, Coinmama are regulated.
There are a few exchanges that are regulated. For example, Coinbase, CEX, Coinmama are regulated.
For those searching for a quick exchange of coins, Changelly or Changenow are the ideal options. Binance has the largest ecosystem and is also the most user-friendly platform.