Top 10 Promising Cryptocurrency Exchanges in the World

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Promising Cryptocurrency

 

With the rapid development of blockchain and cryptocurrency, thousands of cryptocurrency exchanges spring out there in the cryptocurrency market. Investors, especially the beginners in the cryptocurrency area, wonder which crypto exchange platform they should join in and start BTC, ETH, LTC, etc. trading. There are also various types of crypto trading modes, including fiat-to-crypto, crypto-to-crypto, and cryptocurrency futures.

1) Fiat-to-crypto allows you to buy cryptocurrency with fiat currencies directly and conveniently. That means you can use USD, JPY, KRW, etc. to trade BTC, ETH, LTC and more.

2) Crypto-to-crypto means that you can use BTC to purchase ETH, LTC or other altcoins.

3) Cryptocurrency futures trading offers you chance to enter a larger trade with small amount of cryptocurreny/capitals, and earn profits when price rising and falling.

Among the above three kinds of crypto transaction modes, cryptocurrency futures trading will be the trend and development direction of cryptocurrency transaction mode. With crypto futures trading, investors can make profits with small amount of capitals. Therefore, cryptocurrency futures exchanges will also be the developing direction in the crypto market. Based on this point and some other factors, we will discuss the 10 most promising cryptocurrency exchanges in the world in the following part.

Tips for Joining in A Cryptocurrency Exchange

Before knowing and joining a cryptocurrency exchange, here are some tips for you:

  1. Choose the crypto exchange with high security and is easy to be hacked.
  2. Take exchanges’ volume into account. The higher, the better.
  3. Take a look at the transaction fee, choose the lower one.
  4. Check if the cryptocurrency you want to invest listed in the exchange.
  5. What kind of trading mode the exchange supports.
  6. Check if the supported payments options are opt for you.


Best 10 Cryptocurrency Exchanges

1. Binance

A combination of binary and finance, founded in 2017, Binance is the fastest growing exchange in the cryptocurrency market. There are many kinds of cryptocurrencies are listed in Binance, and four trading markets offered, including BTC, ETH, USDT and BNB (Binance’s own crypto coin). That is to say, you can buy almost all popular or less popular altcoins in Binance platform. As for the fee charging, if you use BNB to trade, there will be a discount to your trading fee which will be subtracted from your BNB balance as well. Or, a standard fee of 0.1% will be charged when you use BTC, ETH, USDT to purchase other altcoins.

Pros:

1) Various kinds of altcoins listed

2) Cheap transaction fee

3) Secure and trusted

Cons:

1) No futures trading

2) Limited payment options


2. 
Bitmex

Bitmex supports both traditional futures contracts and perpetual contracts. Futures contracts trading has an expiry, while perpetual contracts is no expiry or settle. In Bitmex, futures contracts can be traded in BTC, BCH, ETH ADA and EOS. And Perpetual contract is for BTC and ETH. It provides up to 100x leverage for BTC contracts, 50x for ETH and 20x for the others.

Pros:

1) 100x futures trading

2) Offers both traditional futures contracts & perpetual contracts

3) BTC, BCH, ETH, ADA, EOS futures are tradable

Cons:

1) No crypto-to-crypto trading


3. 
Bexplus

Bexplus is a decentralized futures exchange, where you can easily trade after email registration. It offers 100x leverage for BTC, ETH and LTC futures trading. And more options for altcoins futures trading will be listed in the exchange in the future. With 1% prices rises or falls, you can get 100% profits. You are allowed to set stop-profit and stop-loss points to lower the investment risks by using perpetual contracts. Moreover, all your digital assets deposit in Bexplus will be stored in multi-signatured cold wallet, which guarantees the security.

Pros:

1) Easy registration with email

2) 100x leverage trading for BTC, ETH and LTC futures

3) High security guarantee

4) Buy in or sell out at anytime with perpetual contracts

Cons:

1) No crypto-to-crypto trading

2) Tradable cryptocurrency types limited


4. 
Coinbase

Coinbase is considered as the most user-friendly and easiest cryptocurrency exchange platform for beginners. After signing in an account, finishing KYC (identity verification) and adding payment methods like debit card and bank account, you can directly buy BTC, ETH or other altcoins as you want. For bank account purchases, Coinbase charges 1.49% fees, while 3.99% on credit and debit purchases.

Pros:

1) Support fiat-to-crypto trading

2) Secure and trusted

3) Reasonable transaction fee

Cons:

1) No futures trading

2) Few types of cryptocurrency listed

3) Complex registration process


5. 
Huobi

Founded in China, Huobi is the world’s third largest crypto exchange by trade volume, and now is available for 130+ countries around the world. Currently, users can trade more than 75 kinds of cryptocurrencies and 190 cryptocurrency trading pairs in Huobi Global. The standard of transaction fee is 0.2%. But for HT holders, Huobi’s own ERC20 token, they can get transaction fee discounts based on the amount they buy per month.

Pros:

1) Many altcoins are listed

2) Many trading pairs

3) Low transaction fee

4) Offers margin trading

Cons:

1) Low leverage ratio

2) Payment options limited


6. Bitfinex

Headquartered in Hong Kong, Bitfinex is also one of the most advanced cryptocurrency exchanges worldwide. Bitfinex supports a wide rage of crypto-to-crypto trading pairs. It also allows fiat-to-crypto transaction such as USD, EUR, GBP and JPY. As for the trading fee, maker who places a limit order to buy or sell will be charged 0-0.1%, while taker who places any order that is executed will be charged 0.055%-0.2% according to their trade volume executed.

Pros:

1) Provide both fiat-to-crypto, crypto-to-crypto and margin trading

2) Support various types of fiat

3) Low transaction fee

Cons:

1) Low leverage of 3.3x

2) Payments methods limited


7. Gemini

As a New York trust company regulated by the New York State Department of Financial Services, Gemini is the first licensed exchange in the United States, and at the forefront of the cryptocurrency exchange world. To sign up and trade in Gemini, you need to do AML(Anti-Money Laundering) and KYC, then, add your bank account, debit card or wire transfer. It may take you around 2 days to complete the entire process.

Now you can only trade BTC, ETH, LTC, BCH, ZEC. As for the transaction fee, Gemini charges 1% according to the 30-day trading volume. The larger total volume you trade, the lower rate of fee you will be charged.

Pros:

1) Offer fiat-to-crypto and crypto-to-crypto trading

2) Secure guarantee

Cons:

1) Take long to verify identity

2) Tradable cryptocurrency types limited

3) No futures trading


8. Bittrex

Bittrex is a US-based cryptocurrency exchange platform, founded in 2014. It allows users to trade crypto assets in USD, USDT, Bitcoin and Ethereum markets. And there are also a great variety of altcoins listed on Bittrex. Bittrex’s transaction fee is 0.25%, higher than its competitors.

Pros:

1) Provide fiat-to-crypto and crypto-to-crypto trading

2) Lighting fast transaction execution and process

Cons:

1) No futures trading

2) High transaction fee


9. Bitseven

BitSeven is one of the most advanced cryptocurrency exchanges and trading platforms on the market. Bitseven offers the maximum of 100x leverage on Bitcoin ,Ethereum, Litecoin and Bitcoin Cash trading. Its lightning-fast execution speed assures effective transactions to be processed in a quick time.

Pros:

1) 100x leverage trading

2) Fast transaction execution speed

Cons:

1) Few types of cryptocurrency listed


10. CEX.IO

Established in 2013 as the first cloud mining provider, CEX.IO has become a multi-functional cryptocurrency exchange. CEX.IO offers fiat-to-crypto trading, crypto-to-crypto trading, as well margin trading with 2x and 3x leverages on BTC/USD, BTC/EUR, ETH/BTC and ETH/USD pairs. Compared to its competitors, the leverage ratios it offers are too low.

Pros:

1) Various transaction modes

2) Secure and trusted

Cons:

1) Low leverage ratio

Read more: http://www.digitaljournal.com/pr/4050819#ixzz5YNNu9HGi