Best Cryptocurrency Exchanges
When it comes to trading in cryptocurrency, stocks, or any other commodity, you must find the most incredible and user-centric exchange there is to help you with this kind of stuff. It goes without saying that finding the best crypto exchange can boost the way you trade your crypto, earn profit from it, and increase your exposure to this type of trading.
If you don’t have a dedicated crypto exchange backing up your trade, then you are as good as doing nothing in this regard, and this is when the time and money spent on such a product come haunting you. If you don’t want this happening to you, then it is best that you find the most suitable and user-defined crypto exchange there is.
What is a Digital Cryptocurrency Exchange?
A digital cryptocurrency exchange, unlike the physical interpretation of the concept such as the stocks or the forex market, is the digital system allowing you to trade, buy and sell multiple cryptocurrencies for the sake of making a profit. The various cryptocurrencies that you can trade in include Bitcoin, Ethereum, XRP, Ripple, and many others.
With the current rise in terms of the overall value and performance of the cryptocurrency within the crypto market, the boom that everyone was looking for is finally here. You can buy any of these cryptocurrencies at a reputed digital exchange and earn a handsome profit when the market shifts to your dedicated needs. It is a suitable thing to consider and a profitable venture to engage in as many countries around the world are finally bending for cryptocurrency and allowing its integration over a much diverse level.
But before you can start trading crypto, you need to have yourself signed up with a reputed crypto exchange, and to do so, there are a few things that you need to consider vividly. So, before you can work with a crypto exchange or even think about it following are some of the factors that you need to consider.
Things to Consider Before Choosing a Dedicated Cryptocurrency Exchange
It is best to consider a few things and factors that will work as the deciding factor when it comes to working with a cryptocurrency exchange, and for your ease, some of these are explained here.
- Security
When it comes to money and making financial transactions, despite the mode of the finance involved, your first concern should always be the security of the platform you are using for the sake of commencing into the said transaction. Many of the online crypto exchanges have KYC procedures that involve verifying the identity of the user who wants to pursue a transaction before allowing them access to the valid tools using which they can make one.
This verifies the identity of the user and thus allowing them to engage in various transactions of their choice, but then at the same time, there are a few cryptocurrencies that allow you to keep your identity anonymous while investing or trading in cryptocurrencies. This is something for people who don’t want their names or identity flashing before anyone else or getting leaked over a dedicated forum. But before choosing any crypto exchange, it is recommended that you learn all that you can regarding that crypto exchange and mainly their regulatory policies and procedures to have a more in-depth knowledge of what you are getting yourself into.
- Volume
If you want to ensure a more smooth process for making transactions and conducting business with the firm, it is recommended that you choose an entity that registers for a volume of more than $1 billion in the last 24 hours. It means that the infrastructure and the possible layout are all set and rigid for the sake of making purchases or trading whatever volume you have in mind.
Handling such a large volume of money means that these providers are not only good at this job, but they handle such volumes of money on a daily basis, so it kind of makes them an expert on the matter. Most of the transactions handled by the crypto exchanges include such potential platforms which can handle such extravagant means of handling finances.
- Number of Digital Currencies and Fiat Currencies
For the sake of choosing the best possible crypto exchange that can help you with the buying/selling of the crypto and make your life as convenient as possible, it is important that you select the one that offers the most diverse number of fiats and crypto coins. Bitcoin, without any doubt, is the most dedicated cryptocurrency. There is that not only comes with the most incredible price point in all of the crypto market but also with the best performance charts compared with the rest of the cryptocurrencies.
But you shouldn’t go with the crypto exchange that only deals with Bitcoin as other altcoins such as Ethereum, Ripple, Tether, Litecoin, and more are as important as Bitcoin because you need to make a trade sometimes in other cryptocurrencies when Bitcoin is not at its best.
Moving on, you should also have an eye over the number of different fiats that a dedicated crypto exchange is offering. Having access to the USD is not enough as sometimes you may want to transact your earnings into other fiats such as Pound, Canadian dollars, or even Euros, so it is best to have plenty of options under your belt and then choose whichever makes sense at a particular time.
Ten Best Crypto Exchanges
Now that you have acclimated yourself with a few things that need to be considered before choosing a particular crypto exchange, you should be moving towards reviewing a bunch of them for a clear-cut understanding of which one tempts your interest in the best possible way. Following is a list of various cryptocurrency exchanges that provide the best possible trading options, unlimited trading options, and access to all the latest and good stuff for seamless trading.
Coinbase
Coinbase is a digital platform used to sell, buy, trade, and staking cryptocurrency and similar assets. You can even render the services of this amazing platform for simply storing your cryptocurrency that doesn’t necessarily have to be online storage. You can use the services of their offline storage, which works exemplary well. The platform is working in more than a hundred countries at the same time, which tells a lot about global acceptability.
You can buy and sell multiple cryptocurrencies at the same time while keeping track of their prices and live trends at the same time and using the same platform. It supports both android and iOS along with Windows, so you won’t have to worry about compatibility issues. The trading scheduler helps you to schedule your daily, weekly, or even monthly trading, and all of your funds are being transferred into a secure vault for safety purposes. Coinbase, without any doubt, is the biggest crypto exchange out there with such incredible support from an extensive global clientele.
Binance
Suppose you are looking for the diversity and availability of multiple or, say, up to 150 cryptocurrencies under the same roof, and you are not all for the extensive userbase when looking for a crypto exchange. In that case, Binance should be your ultimate choice. It does provide access to an API that makes the integration of the data from your current trading application easier and more streamlined, and this is a feature that doesn’t come that often in other crypto exchanges.
The application offers a wide array of trading tools and extensive support that is swift, tactile, and on-point with the issues that you are facing trading crypto. This is among those limited numbers of crypto exchanges that provide 24/7 support. You can switch between the basic and the advanced trading layout as per your requirements, which other exchanges don’t provide or only in scarce events. There are more than 140k transactions conducted each second, and a total equivalent of about $1.2B is traded in terms of volume on a daily basis.
CEX.IO
Suppose you are not interested in other altcoins such as Ethereum, Ripple, or Litecoin and only want to focus your trading practices on a single cryptocurrency such as Bitcoin. In that case, CEX.IO is the best crypto exchange that you can come around. There are many deposit options that you can use to deposit funds and buy bitcoin, such as MasterCard, Visa, PayPal, and many others, depending on your ease.
You can trade your USD for not only Bitcoins but also for Ripple and Ethereum. The most incredible point that should be duly noted here is that this exchange provides imminent protection from DDOS attacks, ensuring that your investment is secure and thriving. Your complete data is encrypted here, thus leaving the attackers with no loose ends. You don’t have to create a separate account if you want to increase your trading volume, as you can trade up to 10x leverage using the same account. CEX.IO provides its dedicated services in more than 35 states of the USA.
Changelly
If you want to get out of the usual rituals of signing up with a platform providing your complete identity and then waiting for approval, then Changelly is the best crypto exchange for you. It allows users to buy cryptocurrencies, such as Bitcoin, Ethereum, XRP, and more instantly and using a bank card. You can trade multiple cryptocurrencies with the help of this amazing platform.
You will have access to all the recent market rates and will get instantly notified in case of the change made to a specific entity’s price provided you have signed up for the service. You don’t have to go through any sort of verification to make transactions on this platform as it supports more than 150 cryptocurrencies, which is a lot and the best thing is that you will never be out of options. It also provides you access to the API so you can take a more subtle advantage of the various features this platform has to offer.
Coinmama
This is among those platforms that allow you to buy cryptocurrencies with the debit and credit cards’ help. You will have your coins delivered to your dedicated wallets almost instantly; this is how fast the service is. The annoying thing about this platform would have to be the platform’s limitation on the buyer that restricts them from buying an infinite number of crypto. This is among one of those platforms that provide you with the instant verification of your account, unlike many other crypto platforms out there.
You can interact and trade in more than one cryptocurrency at the same time without having to make another account or switching platforms. This platform also offers 24/7 support so you can interact with the other traders and the support staff if you run into some problems, and rest assured you will be provided with the best support there is.
bitFlyer
The most annoying thing about a crypto platform would have to be the fees incurred over the user when they are buying or selling crypto on account of the transaction they have just commenced. But with the bitFlyer exchange, you don’t have to pay these extravagant fees as every transaction only requires you to pay a minimal fee. This is a cloud-based cryptocurrency platform that uses the latest and greatest cryptocurrency encryption systems for the sake of securing your investment and all the dedicated data along with it.
You can build your crypto portfolio in a secure way as you won’t have to see over your shoulder all the time for a dedicated attack or cyber breach. Custom alerts for various cryptocurrencies can be created to get instant updates about their price and other trends. This program will work best with both the iOS and the android systems as there are marginally any compatibility issues whatsoever. This is among those platforms that support complex trading with the REST API or the Lightning interface.
Poloniex
It is among one of the best cryptocurrency trading platforms out there as it helps you buy more than 60+ cryptocurrencies from the same platform and without the need to create a separate account. You can create new projects that have their dedicated data allocated into the base memory of the project, i.e., if you want to work on Bitcoin and Ethereum in separate containers, then this platform is the best you can go with. It will create both projects separately and allow you to work on both of these simultaneously but keeping everything separate.
This app can be connected with banks and your digital cards, and not only it helps you to trade in various cryptocurrencies, but at the same time, you can store various cryptocurrencies. Margin trading can be enabled with a few simple steps, and it helps you to boost the profit or the net earnings of your trading. Smart algorithms can be run for executing complex transactions and developing strategies that help in getting the results.
Overbit
If you want a platform that can help you with crypto trading and other elements as well, such as forex and stocks, too, Overbit is the best platform you can go for. This website is capable of providing protection against negative positions. You can leverage about 500X on the forex and about 100X on the crypto.
Rest assured, your account will never be in the negative balance as Overbit doesn’t allow it, and it also uses advanced risk management for the sake of limiting your overall exposure. All the funds are stored in multi-signature cold wallets for better protection and seamless security. Overbit uses such a design that imparts minimal clutter towards the end-user, which is kind of elementary, and also, you can choose the margin allocation for improving the risk management.
CoinSmart
CoinSmart makes the buying and selling of the cryptocurrency a hassle-free experience, and with the help of this amazing platform, you can not only buy and store Bitcoin but actually use it for the sake of shopping or making payments, you can interchange Bitcoin into cash or your cash into bitcoin depending on your need and use it whenever and wherever you want to. You can also invoice your customers in crypto by using SmartPay invoicing.
You get 24/7 support from this website, trading all of your currency with only a single click; all the fiat withdrawals are processed in simply a matter of days. You can access this amazing platform from either your mobile or laptop.
Cash App
You can trade multiple digital assets with ease, and it is compatible with various other trading apps from where you want to incorporate or bring all of your data into a single place. Four different markets, which are a mix of both the crypto and the fiat currency, are supported here, such as Dollars, Euros, Ruble, and Bitcoin.
You can access this platform from both your mobile and desktop, you can trade in various cryptocurrencies such as Bitcoin, Ripple, Litecoin, Dash, and a few others, and you can also set the preference by telling the website about which cryptocurrencies you are interested in and want to get updates and alerts about them on a daily basis. You can use your debit or credit card for the sake of buying cryptocurrency, and all the data is compressed into compact binary hash codes.
The Verdict
All the cryptocurrency exchanges mentioned above have their own spark and individual values, so it comes down to your own decision and values that you want to fulfill at the end of the day. If you want a certain something and are looking to fulfill those interests, then do choose the one that supports that something instead of running for the most popular exchange as this way, you will never be able to meet your goals. So, choose wisely and choose right based on your own interests and trading goals.
