Cryptocurrency exchange functions to provide tools required to buy and sell digital currencies. Irrespective of recent setbacks, cryptocurrency has maintained a well and popular asset class for investors.
If you have an interest in the cryptocurrency market, the first thing you should do is open an account with a crypto exchange. There are about 500 existing cryptocurrency exchanges. The large number makes knowing the good ones difficult. This list will enable you to know the top10 cryptocurrency exchanges in the world.
Top 10 Cryptocurrency Exchange In The World
Binance is the largest cryptocurrency exchange in the world. You can buy, trade and hold over 350 cryptocurrencies on Binance.
This platform has a listing of almost all coins and provides a peer-to-peer trading service. Peer-to-peer trading service connects cryptocurrency buyers and sellers directly.
Trading on Binance is user-friendly and fairly easy, backed up by good security. Binance has two interfaces: the converting interface and the regular trading interface.
Convert an interface is a beginner-friendly option. This interface is easy to understand by newbies. The regular trading interface is for advanced users.
This platform shows the date, history, cost and time of coin purchase. Binance has received good reviews from the crypto community. Binance is the worlds leading Blockchain Ecosystem as well as Digital Asset Exchange.
It is reliable. Binance was founded in 2017 by Changpeng Zhao.
2. Coinbase Exchange
Coinbase is an online platform where you can buy coins like Bitcoin, Solana and Ethereum. It does not support every coin. But lots of the most popular coins are found here. This platform has more than 120 types of cryptocurrency.
Coinbase exchange allows you to buy fractions of a coin. This exchange is an easy and fast way to buy and sell crypto. This platform is secure.
It was founded in 2012. Coinbase exchange is one of the oldest cryptocurrency exchanges.
The FTX platform provides various types of orders starting with basic market orders to complex market orders. Its wide range of easy-to-use desktops and products attracts crypto investors of all skills. FTX supports nine different fiat currencies, which investors can deposit and also withdraw through a wire transfer.
This platform doesn't charge for deposits or withdrawals for most crypto assets.
Kraken is a trusted cryptocurrency exchange in the market This cryptocurrency exchange is the United States based. Kraken is among the first Bitcoin exchanges listed on Bloomberg Terminal.
It was founded in 2011 and is one of the earliest exchanges.
KuCoin is a good cryptocurrency exchange for cryptocurrency investors. It makes buying, selling, and cryptocurrency storage easier.
It has the following features
- high number of users
- high liquidity
- Low trading fees
- broad selection of supported assets and services.
KuCoin has a tendency to list small-cap cryptocurrencies with high potential.
Binance.US is designed for U.S citizens. With Binance.US, you can sell, buy and trade over 100 cryptocurrencies with some of the lowest trading fees in the US. It offers both beginner and advanced crypto trading options.
It was founded in 2019.
Bitfinex is a popular platform for exchanging cryptocurrencies. It has certain lending, borrowing and staking features. Bitfinex cryptocurrency exchange is owned and operated by iFinex Inc.
It was founded in 2012.
8. Gate io
Gate io cryptocurrency exchange offers both security and law funds to enhance good protection of funds. This platform was rated by CER as one of the top exchanges relating to cybersecurity. Gate io consists of many built-in security mechanisms.
It provides trading of over 1,400 cryptocurrencies. Asides from providing cryptocurrency investors with a platform to trade digital currencies, Gate io also provides its users with precise information regarding cryptocurrency markets.
It does not have any support for fiat currencies.
Gemini is a cryptocurrency exchange that offers a simple and secure way so its customers can buy, sell and store digital assets.
Gemini was launched by the Winklevoss twins, Tyler and Cameron in 2015.
Bitstamp is the world's longest-standing crypto exchange. It is reliable, has low fees and also has a simple setup. Bitstamp allows trading with fiat currency.
It is very secure and protects funds from hackers because it uses offline storage. It is based in Luxembourg. This platform was founded in 2011.
This list is arranged in no particular order.