Slowly and steadily, altcoins and bitcoins continue to get more attention from investors all over the world. Why not? Time and again, these cryptocurrencies have proved themselves as safe havens against the inflationary policies of governments.
Some people earn interest in crypto while others earn from pure speculation using a short-term trading strategy (buying low, selling high).
For those who are just starting with cryptocurrency, questions that need answers include: Where can I buy such currencies? What are the best exchange platforms?
Whether you’re purchasing your first cryptocurrency ever or looking to diversify an existing coin portfolio, you definitely need an accurate list of the top cryptocurrency exchange platforms. This article is a compiled shortlist for you, including those that consistently gain the trust of professional and novice traders alike. Read on to check it out.
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Best Cryptocurrency Exchanges
Bybit is a cryptocurrency exchange platform from the British Virgin Islands. It’s a cryptocurrency derivatives exchange. The term crypto derivative refers to efficient trading instruments that offer traders an edge in the way they manage risk and multiply profits.
Bybit focuses on the trading pairs ETH/USD and BTC/USD. Trading with up to 100x leverage on these assets is possible here. Bybit’s matching engine is capable of up to 100,000 transactions per second, which is incredibly impressive. Bybit offers a great future for anyone with an interest in leveraged trading.
Bybit continuous to improve its trading platform’s reliability and safety. For instance, in September 2019, Bybit introduced its Mark Price System, a system for the reference price of a derivative that’s calculated from the underlying index. In the same year, Bybit also introduced the Spot Price Index. Among other things, these features further reduce the risk of an individual using the Bybit platform to engage in market manipulation.
If there’s one thing that Bybit is really known for, it’s its excellent customer support. This should be one of the essential reasons why one should choose this platform over shady ones. Try out Bybit (review here) to learn more about this cryptocurrency exchange.
eToro is a regulated platform for multi-asset trading that offers CFD (Contract For Difference) and assets trading in indices, ETFs or Exchange-Traded Funds, forex, commodities, stocks, and, of course, cryptocurrencies. It provides services to people from over 140 countries worldwide.
The eToro offices are located in Cyprus, New Jersey, Sydney, and Greater London. The CySec or Cyprus Securities Exchange Commission regulates and authorizes eToro Europe Ltd while the other subsidiaries of the company are also regulated in all jurisdictions they operate.
The trading platform of eToro offers its users a diversified portfolio of financial assets. Real asset trading is possible here for the most popular cryptocurrencies such as Cardano, Stellar, Binance Coin, EOS, Litecoin, Ripple, Ethereum, Bitcoin, and more. eToro also supports electronic wallets (Skrill/Paypal), credit/debit cards, bank transfer, and other multiple fiat payment options.
Coinbase is a cryptocurrency broker based in the US but offers services around the world. The company that owns and operates the platform is Coinbase Inc. It’s registered as a Money Services Business with the Financial Crimes Enforcement Network and has a full license to make money-based transactions in the US, EU, UK, and in other countries all over the world.
The FCA or Financial Conduct Authority in the United Kingdom has also given an eMoney license to Coinbase, allowing the company to issue digital cash alternatives and provide payment services.
The cryptocurrency exchange platform offers a user-friendly and seamless solution for novice users who are eager to trade, buy, or sell cryptocurrencies. Coinbase offers a selection of digital tokens, implementing a transparent fee structure while providing a wide range of payment methods. You can start buying altcoins and Bitcoins with Coinbase in seconds after having verified your account using your debit or credit card.
Binance is a rapidly growing exchange platform founded by Changpeng Zhao. It has its own digital coin known as BNB or Binancecoin.
Furthermore, the platform offers a mobile app that Android and iOS users can download to make cryptocurrency trading very easy and efficient. Additionally, it supports more than 130 cryptocurrencies including EOS, GAS, Litecoin, DASH, Bitcoin Cash, Ripple, Ethereum, and Bitcoin, among others.
Traders can also enjoy low transaction fees when using Binance with a standard trading fee of 0.1%. Its fee structure is affordable and unique when compared to other exchanges. You can compare cryptocurrency exchange fees here.
KuCoin is an easy and hassle-free exchange platform. It offers many unique and popular coins such as KCS or KuCoin Shares, DragonChain, and many others. Just like Binance, KuCoin also offers a fully-functional mobile application for Android and iOS.
To get started with KuCoin, users can deposit any cryptocurrency of their choice and start trading. Individuals who have acquired Bitcoins for free using coupon codes will surely have the chance to get unique coins from this platform.
Kraken is a cryptocurrency exchange platform that’s meant for serious businesses and individuals. Apart from an individual account, Kraken also offers institutional accounts that are perfect for cryptocurrency businesses. It supports multiple digital assets. It’s also possible to fund accounts using different traditional currencies.
For high volume exchanges, Kraken offers a Bitcoin over-the-counter desk. Based on the past activity of the user, the platform uses a maker-taker fee schedule to provide volume incentives. It also supports the staking of some proof of stake coins.
Kraken is a secure and trustable exchange overall that cryptocurrency enthusiasts should check out.
Now that you already a general understanding of the best cryptocurrency exchanges in the world, you can go ahead, explore, and choose the platform that works best for you. Each of these exchanges has pros and cons. Visiting their websites and really understanding what they can offer is crucial before settling with one.