Cryptocurrency exchanges have become key in the cryptocurrency industry. The increasing popularity of cryptocurrencies has made it a great opportunity for new start-ups to enter the market and wagers are using crypto for Nascar betting odds. This, in turn, makes it difficult to find the best cryptocurrency exchange among hundreds of services, platforms, and companies.
Indeed, all these choices are good and serve various purposes for investors and traders, so picking out their best match can sometimes be challenging. Below are the best cryptocurrency exchanges:
Binance is among the world’s biggest and most widespread cryptocurrency exchanges. It offers different coins, from popular projects like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) to more obscure coins such as Cardano (ADA).
Binance has become one of the top exchanges due to its low trading fees, user-friendly interface, and fast conversion times. The only downside is that it doesn’t allow fiat currency trading pairs, so you’ll need to buy bitcoin or ether elsewhere first if you want to trade on Binance.
Coinbase is among the most widespread cryptocurrency exchange in the United States. It’s also one of the oldest and most reputable exchanges. Coinbase offers a low 1% fee on purchases, lower than many other exchanges. This makes it a great place to buy Bitcoin, Ethereum, and Litecoin.
Coinbase also allows you to sell your cryptocurrency for fiat currency (USD). If you want to sell Bitcoin for USD, Coinbase will take care of everything for you. You don’t have to worry about setting up any bank transfer or anything like that.
They make it extremely easy for non-technical users who want to get started with Bitcoin or Ethereum as quickly as possible.
Gemini is an American exchange introduced in 2015 by the Winklevoss twins. The exchange was established to provide a safe and secure platform for buying, selling, and storing digital assets. It is fully regulated by the NYSDFS and has received approval to list Zcash, Litecoin, Ethereum Classic, Bitcoin Cash, Ethereum, and Bitcoin.
It has been rated as one of the top cryptocurrency exchanges globally due to its focus on security and regulatory compliance. Gemini has also secured insurance coverage on each customer’s cryptocurrency assets.
This means that clients will not lose any of their funds stored at the exchange’s facilities, even in case of a hack or theft.
Kraken is an America-based cryptocurrency exchange. It is the biggest Bitcoin exchange in liquidity and euro volume. Kraken offers services to trade fiat money (like USD or EUR) for cryptocurrencies like Bitcoin and Ethereum. Users can also trade between cryptocurrencies.
Kraken was created in 2011 and is located in San Francisco, California. Its founder, Jesse Powell, is active on Twitter and often shares his thoughts on the cryptocurrency world.
This is a cryptocurrency exchange located in Hong Kong. It was introduced in 2017 and ranked as a top 10 cryptocurrency exchange by 24-hour trading volume.
Kucoin is unique in that it provides users with a mobile app for both iOS and Android devices. This allows users to trade their cryptocurrencies on their phones and tablets.
In addition to the mobile app, KuCoin also offers its users an opportunity to earn passive income through its affiliate program. KuCoin also has a referral program for new customers. For every user you refer, you will receive 20% of their trading fees for life!
Bitfinex is a widespread cryptocurrency exchange around. The Hong Kong-based exchange has over $1 billion daily trading volume and supports hundreds of cryptocurrencies.
The site also has a mobile app, which is useful if you want to trade crypto on the go. Bitfinex is known for its wide selection of altcoins and margin trading. It also allows users to trade with up to 33x leverage, so it’s a good choice if you want to make quick trades or if you’re looking for low fees.
Bittrex is a cryptocurrency exchange that allows you to trade in more than 190 cryptocurrencies. The exchange website is well-designed and easy to use. It features many coins, including Bitcoin, Ethereum, Litecoin, and Ripple. Bittrex has more than 1 million users, and it’s one of the most popular cryptocurrency exchanges out there.
As with any new exchange you decide to try out, give yourself plenty of time to investigate your options. With a wide variety of new exchanges popping up almost every day, you’ll want to compare each exchange’s fees, supported cryptocurrencies, ease of use, and reputation before you settle on one.