A successful crypto trader career largely depends on the crypto exchange you choose. Most traders look for a platform that offers services at the lowest fees, has a large collection of altcoins to choose from, features quicker payouts and transactions, and excellent 24×7 customer service. If these features are missing, you will lose important trading opportunities and will have to wait for several days to complete a transaction or to get funds. Considering the above criteria, below are the best crypto exchanges that can be considered.
Binance is an ideal option for both advanced traders and beginners. The platform features over 200 crypto coins, from the most popular Bitcoin to the native coin of the exchange, Binance coin. The platform offers many services like margin trading, futures trading, etc. The Secure Asset Fund for Users (SAFU) system of Binance eliminates the chance of stealing users’ funds.
The most notable feature of Kraken is the unmatched quick bank withdrawals. It is available in almost all parts of the world and the fees charged are lower than the other exchanges. By increasing your trade volume, you can reduce the charges further. The dark pool option of the platform makes it a good choice for discreet trading.
Coinbase is a perfect choice for beginners who are trying to find luck in digital currencies. Investors trying to deposit and withdraw bitcoins rely more on this exchange. They accept credit cards, debit cards, and wire transfers. Coinbase is known to be the ideal spot to purchase bitcoins. However, other cryptocurrencies like Ethereum, Litecoin, and others are also available.
If you are interested in both crypto and forex, eToro is the perfect choice for you. The exchange has both web applications as well as mobile applications for easy accessibility. eToro extends its support to about 94 crypto pairs. This platform also features a trustworthy crypto wallet app that uses multisig authorization to offer extra security while investing with other traders.
Bisq is a decentralized crypto exchange that has servers in different parts of the world. Thus, the platform is resistant to the most probable attacks. Therefore, it can be considered a secure exchange to purchase different cryptocurrencies.
Coinmama is more like a brokerage service rather than a simple crypto exchange. Thus, users can make use of this service to buy the crypto coin they want from the platform rather than from other crypto users. About 10 cryptocurrencies are available to buy.
Bittrex is known for the security it provides and, notably, the platform has never faced a security breach. The trading volume of this exchange is attractive and offers numerous crypto pairs for the users to trade on.
Gemini is one of the most reputed exchanges in the US. The robust trading security and the comparatively lower fees are the attractive features of the platform. It is very easy to use and specializes in Bitcoin and Ethereum.