Reviewing Cryptocurrency Exchanges

The modern crypto market offers you a good selection of exchangers and crypto exchanges with which you can buy or sell crypto coins, as well as exchange them or even trade for additional profit.

To choose the resource that's right for you, pay attention to the following things:

available cryptocurrencies for buying, selling or exchanging;
the size of the commission charged by the exchanger for the services provided;
availability of a crypto wallet;
ease of use, which includes a clear program interface, a mobile version, and available settlement operations;
safety and reputation of the resource.

The purpose of the article below is to consider the main features and operating principles of the most famous crypto exchanges in order to help you choose the most suitable option.

Best Cryptocurrency Exchanges

The best platform for exchanging cryptocurrencies is usually a multifunctional resource, often combining the functions of an exchanger, a crypto wallet and a trading platform.

The biggest cryptocurrency exchanges offer the client a huge selection of cryptocurrencies, low commissions for purchase / sale operations and no deposit fees, low limits on deposits and withdrawals, as well as convenient payment options. An additional convenience is the availability of a mobile version of the program, which, as a rule, is not inferior in functionality to the desktop version of the crypto exchange, but in terms of convenience it is significantly superior.

Reliability is the most important characteristic of a crypto exchange. Modern platforms use the best computer security standards to protect their clients' funds.

Carefully study the functionality, features and conditions of use of the crypto exchange before starting operations.

Coinbase

Coinbase is a world famous platform that is used in 102 countries. During the first decade of its existence, the platform has managed to win the recognition and trust of millions of users.

The mission of the creators of Coinbase is to increase the level of economic freedom in the world by providing everyone in every country with an easy and secure way to send and receive Bitcoins. The company now offers a reliable and convenient platform for accessing the wider cryptocurrency economy.

The platform offers turnkey solutions for individuals, businesses or developers.

By registering on the Coinbase platform, you will be able to :

Buy and / or sell more than 16 types of cryptocurrencies, including top-end Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP;
Open the best local cryptocurrency wallet with support for over 4000 assets and a wide range of decentralized applications;
Use the Coinbase card, which is a completely new development of the company. Coinbase Card is a Visa® debit card that you can use to pay with any asset in your Coinbase portfolio (including USD) and receive rewards on every purchase;
Take out a cash loan using bitcoins as collateral. Now you can borrow up to $ 1,000,000 from Coinbase against the security of your bitcoins. Annual rate - only 8% 2. Without checking credit history.

In addition, the “Private Client” service has been introduced on the platform. A whole team focused on your needs - let multiple team members manage their account and customize their access level.

If you are a beginner, a training section is at your service.

The platform has a good reputation backed by an insurance policy on the digital capital of its clients.

Coinbase is a whole financial system. Buy, sell and spend cryptocurrency on the most trusted cryptocurrency exchange in the world!

Binance

The world's largest cryptocurrency exchange by trading volume, one of the most reliable exchanges is Binance.

Binance offers a wide range of products:

Spot trading. Trade with over 740 different crypto and fiat trading pairs, including Bitcoin, Ethereum and BNB. Binance's matching system is capable of processing up to 1.4 million orders per second.
Trade in USDT-M futures with leverage up to 125x.
Ability to earn interest on cryptoassets with Binance Savings. Pick one of the supported assets (like BNB, USDT, BUSD, or DeFi assets) and start earning interest. Choose floating rate deposits with zero blocking periods or fixed rate deposits with higher returns.
Earn passive income with Binance Staking. Choose any asset from the list of available cryptocurrencies (including USDT, BNB, DAI and others) or check out DeFi staking.
Mining with Binance Pool. Join a comprehensive and service platform designed to increase miners' income. With the aim of providing the best experience, Binance Pool offers recurring payouts, low fees, and many additional products.

The Binance platform provides access to over 150 cryptocurrencies, makes it easy to convert fiat currency to crypto using a Binance Visa card and borrow funds on favorable terms.

Trust Wallet is a crypto wallet from Binance and another advantage of the platform. Rich functionality and user-friendly interface, the availability of a mobile version of the program, many convenient account replenishment options, the availability of top cryptocurrencies, the presence of a training section - all this makes Binance the leader in the crypto currency market.

Try it and you will appreciate all the advantages of this trading platform by going through a simple registration.

Kraken

The highly liquid exchange Kraken, established in the USA in 2011, ensures that your trade orders are executed quickly and at the price you want.

The crypto exchange offers access to more than 70 pairs of cryptocurrencies for trading and their number is constantly growing, and also accepts fiat currencies for payment.

There is no crypto wallet on Kraken, but this moment is compensated by loyal commissions. Unlike traditional trading platforms, Kraken does not charge a commission per transaction. The size of the commission depends on the trading volume - the larger the trading volume, the lower the service fee.

Kraken offers margin trading with leverage up to 5: 1, indices for cryptocurrency and futures trading, the ability to earn money on staking, as well as over-the-counter (OTC) trading.

Register on the Kraken crypto exchange in a few clicks, or download the mobile application and buy crypto currency anywhere, anytime.

Bittrex

Initially, the Bittrex platform worked as a service for exchanging various currencies, but now it is one of the largest crypto projects where you can trade almost any famous cryptocurrency in the world.

Bittrex was founded in 2014 by three cybersecurity engineers: Bill Shihara, Richie Lai and Rami Kawach and started in 2015. The main office is located in Seattle, Washington, USA.

With lightning fast trading and industry-leading security, the Bittrex exchange quickly became popular in the crypto world.

Bittrex provides the ability to work with hundreds of pairs of assets, and also provides reliable storage of funds - almost all digital assets are in cold storage. A prerequisite for using the platform is verification and passing a detailed verification of personal data (KYC): photographs of documents and other identifying information.

Bittrex employs a tiered commission structure that provides traders with a discount on their trading commission.

Starting at a base rate of 0.25%, the commission quickly drops to 0% for a manufacturer with a trading volume of USD 40 million and down to 0.08% for a buyer with a trading volume of USD 60 million.

To foster innovation in the blockchain industry, Bittrex is committed to supporting both new and existing blockchains. Bittrex is committed to providing its users with an ever-growing selection of blockchain technologies and digital tokens, and all new digital tokens listed on the trading platform must go through a rigorous verification process.

BitMex

The BitMEX crypto derivatives exchange is a renowned P2P cryptocurrency trading platform with operations around the world that was founded in 2014 by British entrepreneurs and offers investment services across a wide range of cryptocurrencies. Bitmex is considered a platform for experienced traders, offers a user-friendly graphical interface and provides Internet access from a computer (mobile version not available). They also used stringent security standards for access, including an automatic auditing system for all accounts (up to 100 audits per second).

On Bitmex you can trade Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos, Zcash.

Every day, traders around the world make billions of dollars in trades on BitMEX.

Bitmex is a high-tech platform whose developers are constantly introducing new technologies. In 2016, the XBTUSD perpetual contract was launched and remains the most traded cryptocurrency product of all time to this day. It changed the industry and allowed us to continue to innovate and create new perpetual contracts, traditional futures and quantum futures.

In addition, Bitmex will release its own BMEX token in the coming year. Site users can get altcoin in the form of a discount on commissions, new clients of the platform will receive coins for registering and completing the KYC procedure. You can also get tokens using the referral program.

Among the platform's distinctive advantages are high leverage for cryptocurrency trading (1: 100, available for bitcoin trading, may vary depending on the cryptocurrency traded) and the absence of a withdrawal limit.

Bitfinex

It is recognized as one of the best exchange and investment platforms, has more than 8 years of experience in the cryptocurrency market, which allowed them to develop several services. Bitfinex performs a large number of transactions per day, highlighting Bitcoin transactions thanks to the operating conditions they offer.

The platform serves almost every country in the world and supports fiat and digital asset transactions.

On the platform, users can exchange Bitcoin and other leading cryptocurrencies for USD and BTC. There are also cross rates, when one altcoin can be exchanged for another.

There are six key types of trading on the crypto exchange: exchange, margin, OTC, paper trading, derivatives and margin collateral.

Trading Bitcoin, Ethereum, Litecoin and dozens of other assets is available. Pairs of cryptocurrencies and pairs with world currencies are presented, including USD, EUR, GBP, JPY, etc. The company has its own trading terminal with a mobile application for margin trading; it has a leverage of up to 1:10 (up to 1: 100 for derivatives).

Advanced trading capabilities, including unique corporate offerings, data visualization, access to margin trading for a wide range of digital assets - the Bitfinex team is dedicated to providing high-quality service and effective tools for active traders from around the world.

In less than 10 years of work, Bitfinex has gained fame, popularity and an excellent reputation among traders and organizations interested in transactions with digital assets.

Localbitcoins

LocalBitcoins is an international Bitcoin trading platform headquartered in Helsinki, Finland. It is one of the oldest crypto exchanges in the world, founded in 2012. Other digital assets other than Bitcoin are not traded on the site. The exchange supports all deposit / withdrawal options, including Visa / MC debit cards and e-wallets. There is a cold and hot way of storing Bitcoin, exchange for fiat funds is possible. Funds on the account can be stored not only in Bitcoins, but also in almost any world currency.

Users have a Bitcoin wallet with free use.

Poloniex

The Poloniex exchange is a platform for exchanging cryptocurrencies, spot and margin trading. The service has its own web terminal and mobile version. Bitcoin, Ethereum, USDT and several dozen other popular cryptocurrencies are traded on the crypto exchange. There are pairs with fiat funds. Poloniex.com offers two passive earning options - simplified staking and P2P lending. Poloniex has its own community of crypto traders, Poloniex Learn, where the latest news and analytics are regularly posted. Poloniex also has its own insurance fund. The crypto exchange offers detailed guides on contracts and high-quality analytics on spot prices for indices. Analytical materials are available even to unregistered users.

The platform complies with international standards for the security of financial services (only 2% of funds are online). In addition, users have access to their accounts with 2 levels of protection.

Kucoin

Kucoin is a relatively young representative of the crypto currency market, operating since 2017. The model for creating a new trading platform was the first-rate exchange - Binance, which was discussed above. It is on Binance that the creators of Kucoin are equal.

Today, the global Kucoin community spans 205 countries, the platform has been translated into 19 languages.

On the platform, you will have access to operations with more than 500 cryptocurrencies (200 pairs of cryptocurrencies), namely: buying cryptocurrencies for major fiat currencies (fiat), futures trading, Pool-X (free market exchange that provides liquidity), loans between people (the platform is an intermediary and allows the borrower to operate on the margin while generating interest for the loan provider).

Kucoin has no restrictions on exchanges between fiat money and cryptocurrencies and works with over 50 fiat currencies through the P2P marketplace and credit / debit card channel.

Kucoin offers convenient buying options - buy cryptocurrency using credit card, bank transfer, Apple Pay or other means.

The platform offers a WebTrader version and a mobile app (both with intuitive features), as well as 24/7 customer service.

There are bonus, affiliate and referral programs.

Bitpanda

Bitpanda, founded in 2014 in Austria, is a financial technology company that offers a trading and negotiating platform for a wide range of cryptocurrencies. Currently, it is recognized as one of the crypto exchanges with the largest variety of services, in addition to reliability and ease of use. Users can have up to 9 different services: for buying and selling, exchange, savings plan, metal trading and others.

Bitpanda is available in over 54 countries with a variety of payment options (although fees may apply when depositing some cryptocurrencies). In addition, it offers customer support via major social media, email, and phone calls.

Coinmama

Coinmama is an Israeli-Slovak cryptocurrency exchange best known for its long-term offering to buy bitcoins with a credit or debit card. Over the years, they have added more crypto coins and additional payment methods such as SEPA and Swift bank transfers, making it easier to buy bitcoins. Coinmama also offers high spending limits and checks accounts quickly (for example, buying bitcoins in less than 10 minutes). What's more, they claim that once the payment is approved, the coins are sent instantly.

Coinmama offers you a range of large tradable coins for buying and / or selling, such as: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Cardano (ADA). ), Qtum (QTUM), Ethereum Classic (ETC), Tezos (XTZ), and Eos (EOS).

Coinmama is not an exchange in its usual sense. Unlike, for example, Binance or Poloniex, here you can only buy currency, so it's more like an exchange. The platform does not even have a built-in wallet and the purchased assets are transferred to the address specified by the user. This makes the project more secure, because users' funds will not suffer in the event of a hack.

Hitbtc

The cryptocurrency exchange HitBTC is one of the oldest platforms for trading digital assets. It was established in 2013 in Denmark. As of 2021, the central office of the crypto exchange is located in Chile. The platform offers clients trading with more than 500 assets, primarily cryptocurrency pairs. The platform offers a Robot-Friendly API that can be used to develop applications.

Traders in the learning process can benefit from the demo version, it does not require a deposit and allows you to explore the most important functions (it can also be very useful for the more advanced, but who need to familiarize themselves with the interface).

This platform also offers corporate accounts as well as various security systems to provide complete peace of mind.

Withdrawal fees are adjusted according to the market and there are no additional fees for deposits in cryptocurrencies. While trading fees vary based on the volume of the 30 days traded.

Deposit and withdrawal of funds is possible only in cryptocurrency. There is no crypto wallet.

Paxful

The Paxful Exchange is a peer-to-peer trading platform for Bitcoin, Tether and Ethereum. There are more than 350 ways to buy / sell these cryptocurrencies. The company is represented in 21 countries of the world, has almost 6 million active users. Among the distinctive features is a free crypto wallet, which is provided upon registration on the exchange. The security system is based on a safekeeping account, where the funds of the seller and the buyer are reserved in order to avoid bad faith of one of the parties.

Choose your option based on personal preferences and goals, and may your transactions be successful!