With over 2000 cryptocurrencies in circulation among different exchanges and a combined market cap of over $300 billion, Investors and Traders worldwide are eager to jump the cryptocurrency wagon. Investors aim to profit from this rapidly emerging industry decorated with diverse platforms that have played pivotal roles in setting the infrastructure to promote digital assets.
These crypto exchanges are at the forefront of driving the Cryptocurrency industry’s success with their technology, functionality, and accessibility. Cryptocurrency exchanges enable users, traders, investors to buy, sell, and trade cryptocurrencies, through various means such as fiat currencies or cryptocurrencies.
Interestingly, the Cryptocurrency exchange has played a crucial role in allowing traders and investors to capitalize on the myriad of opportunities in the infamously aggressive market movements inherent to crypto markets.
There are several types of cryptocurrency exchanges ranging from Trading platforms, Direct Trading to Brokers. Users and investors can buy or sell cryptocurrencies at various volumes and gain profitable income from manipulating and analyzing the market movement.
While there is an intimidating number of options and offers in the market from various cryptocurrency exchanges, In this article, we’ll be discussing the Top 5 Cryptocurrency exchanges for Trading Cryptocurrencies. So you don’t have to go through the hassle of choosing.
Here are the key takeaways when looking for the best crypto currency exchanges for bitcoin
Reputation and Reviews of a platform can be a clear representation of the competence of the platform. User reviews are pivotal in forming a judgment of the platform. We advise checking forums such as Reddit or Join Crypto channels on telegram before joining Cryptocurrency exchanges.
Interestingly, when looking for the best Cryptocurrency exchange for trading, it is highly advised to survey the trading fees platforms charge their users. Exchanges such as Binance, Bybit, and BitMex are quite transparent in providing their fee structure.
Payment Methods are a crucial part of Cryptocurrency exchanges. We highly advise selecting Platforms with highly diverse Payment methods, including Credit Cards, Debit Cards, Wire Transfer, Paypal, Venmo, Fiat Currencies, and Cryptocurrencies. The convenience and versatility should be a fundamental pre-requisite when choosing a Cryptocurrency exchange.
Geographical Restrictions and Verification
Some Platforms can be quite restricting based on Verification and Geographical exclusivity. It is equally important to choose platforms inclusive to all backgrounds and geopolitical areas so users can benefit from features regardless of those aspects.
Best Cryptocurrency Exchanges
Today there is a myriad of Cryptocurrency exchanges unique to their functionalities, features, fees, and volume. While the platforms may operate similarly, some platforms take the edge over the competition with their ecosystem, community, accessibility, and security. Here are some of the best crypto currency exchanges for bitcoin and all other crypto currencies
Found in 2012, shortly after the rise of Bitcoin in 2009, Coinbase is a federally approved and regulated cryptocurrency exchange that extends its licenses to over 40 states in the United States. Coinbase provides a collection of authentic cryptocurrencies complemented with an incredibly seamless user interface.
Coinbase offers an avenue of features, including custodial wallets, for traders and investors to store their assets. Coinbase is an easy-to-use platform for upcoming traders and investors with market-low fees.
Binance is the largest cryptocurrency exchange today. Despite the platform being in its nascent stages, Binance has set its place in the cryptocurrency exchange hierarchy with its innovative approach to crypto trading.
With the introduction of innovations such as Binance coins, Perpetual contracts, Binance has pivoted the success of its platform with unprecedented growth. Traders and investors heavily rely on the platform to provide some of the best crypto trading signals.
Binance delivers a versatile range of trading settings categorized from Basic to Advanced. Binance can be incredibly seamless and rewarding for newer users. Additionally, Binance also provides technical indicators and graphs for more advanced users and traders to make calculated, data-driven, complex trades.
Binance also offers Spot trading and Future trading compatible with over 100 various cryptocurrencies, trading pairs, and altcoins with leverages up to 125x. What makes Binance gain a competitive edge over other platforms is the versatility in the trading options they provide to their users.
Bybit is a crypto exchange platform based in the British Virgin Islands. The Bybit platform serves as a derivatives exchange emphasizing crypto trading pairs such as ETH/USD and BTC/USD. Interestingly Bybit supports a whopping 100,000 transaction per second with great futures and leverages.
Based in the United States, Bittrex is one of the oldest cryptocurrency exchanges advocating millions of crypto trading on American exchanges and American Traders. The Bittrex has some of the more decent liquidity compared to other platforms with optimized tools for users to access raw data and make calculated decisions. Bittrex can be an optimal choice for those who reside in the United States.
Bitmex is one of the largest crypto derivatives exchanges with impenetrable security and an easy to use platform for traders, users, and investors. The Bitmex platform boasts a $1.5 billion trading volume, ranking it in some of the world’s top derivatives exchanges. Hundreds of Crypto trading signals provide BitMex signals as it offers exclusive leverage trading with a maximum of 100x, allowing users to gain maximum returns potentially. Interestingly, BitMex only charges a small 0.075% Trading fee of total order value.