auther
Vivek

June 8 · 8 min read

7 Best Crypto Exchanges in the World

It's like a never-ending wave of people flooding into the market. And don't get me wrong, I love it! Cryptocurrencies have been one of the best performing asset classes over the past few years, with stellar returns.

7-best-crypto-exchanges-in-the-world

Source: Fintechnews.org

Did you know that thousands of new traders register with crypto exchanges every day?

I do. It's like a never-ending wave of people flooding into the market. And don't get me wrong, I love it! Cryptocurrencies have been one of the best performing asset classes over the past few years, with stellar returns.

It is also an asset class that has opened an investing door to many who couldn't previously invest in stocks or any other of the 70+ financial assets listed on stock exchanges around the world.

These changes have led to increased usage and adoption of crypto exchanges. But which exchanges are the best for newbies? That's what this short article is about.

Best Crypto exchanges in the world

Binance

Binance is one of the world’s biggest and most renowned cryptocurrency exchanges. It offers a plethora of different coins, from popular projects like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) to more obscure coins such as Cardano (ADA).

It has become one of the top exchanges due to its low trading fees, user-friendly interface, and fast conversion times. The only downside is that it doesn’t allow fiat currency trading pairs, so you’ll need to buy bitcoin or ether elsewhere first if you want to trade on Binance.

Coinbase

Coinbase is also one of the most widespread cryptocurrency exchange in the United States. It’s also one of the oldest and most reputable exchanges. Coinbase offers a low 1% fee on purchases, lower than many other exchanges. This makes it a great place to buy Bitcoin, Ethereum, and Litecoin.

It also allows you to sell your cryptocurrency for fiat currency (USD). If you want to sell Bitcoin for USD, Coinbase will take care of everything for you. You don’t have to worry about setting up any bank transfer or anything like that.

Even the non-technical users, can use this crypto exchange effortlessly and can trade in Bitcoin or Ethereum as quickly as possible.

GeminiGemini

Gemini is an American exchange introduced in 2015 by the Winklevoss twins. The exchange was launched to offer a safe and secure platform for buying, selling, and storing digital assets.

It is fully regulated by the NYSDFS (New York State Department of Financial Service) and has received approval to list Zcash, Litecoin, Ethereum Classic, Bitcoin Cash, Ethereum, and Bitcoin.

It has been rated as one of the top cryptocurrency exchanges globally due to its focus on security and regulatory compliance. Gemini has also secured insurance coverage on each customer’s cryptocurrency assets.

This means you will not lose any of their funds stored at the exchange’s facilities, even in case of a hack or theft.

Making it one of the safest Crypto Exchange corporations. I personally also highly recommend it to begin with!

Kraken

Kraken is an America-based cryptocurrency exchange. It is the biggest Bitcoin exchange in liquidity and euro volume.

Kraken offers services to trade fiat money (like USD or EUR) for cryptocurrencies like Bitcoin and Ethereum. Users can also trade between cryptocurrencies.

Kraken was created in 2011 and is located in San Francisco, California. Its founder, Jesse Powell, is active on Twitter and often shares his thoughts on the cryptocurrency world. It has become a reliable Crypto Exchange in past few years.

Kucoin

This is a cryptocurrency exchange located in Hong Kong. It was introduced in 2017 and ranked as a top 10 cryptocurrency exchange by 24-hour trading volume.

Kucoin is unique in that it provides users with a mobile app for both iOS and Android devices. This allows users to trade their cryptocurrencies on their phones and tablets.

In addition to the mobile app, KuCoin also offers its users an opportunity to earn passive income through its affiliate program. KuCoin also has a referral program for new customers. For every user you refer, you will receive 20% of their trading fees for life!

Bitfinex

Bitfinex is a widespread cryptocurrency exchange around. The Hong Kong-based exchange has over $1 billion daily trading volume and supports hundreds of cryptocurrencies.

The site also has a mobile app, which is useful if you want to trade crypto on the go. Bitfinex is known for its wide selection of altcoins and margin trading. It also allows users to trade with up to 33x leverage, so it’s a good choice if you want to make quick trades or if you’re looking for low fees.

Bittrex

Bittrex is a cryptocurrency exchange that allows you to trade in more than 190 cryptocurrencies. The exchange website is well-designed and easy to use.

It features many coins, including Bitcoin, Ethereum, Litecoin, and Ripple. Bittrex has more than 1 million users, and it’s one of the most popular cryptocurrency exchanges out.

WRAP UP

The world of cryptocurrency is vast and never-ending. The Crypto market is expected to grow even further once there is mass adaptation and more lenient regulations from governments.

As with any new exchange you decide to try out, give yourself plenty of time to investigate your options.

With a wide variety of new exchanges popping up almost every day, you’ll want to compare each exchange’s fees, supported cryptocurrencies, ease of use, and reputation before you settle on one.