#1 Coinbase Pro:
Coinbase Pro was one of the early cryptocurrency exchange platform, founded in 2012, based in San Francisco, with a valuation of around $1 billion. Coinbase Pro helps enable withdraw and deposit funds easily. It offers competitive fees, advanced trading features, and deposit options. IT is insured by the New York Stock Exchange and Andresseen Horowitz.
Supported Coins: BTC, ETH, BCH, LTC, ETH, ZRX, BAT
Trading volume: $217,481,180
Pros: Fully regulated in the United States, Competitive Fees
Cons: Not ideal for beginners, very fewer altcoin pairings for Australians
#2 Binance:
Binance is the world’s biggest cryptocurrency exchange which works like an ecosystem, comprising of an exchange, wallet, Labs, Charity info, etc as stated by the CEO- Changpeng Zhao. Binance has its own coin called Binancecoin(BNB) which comes with a discount when there is a crypto-to-crypto payment. Binance supports over 130 tradeable cryptocurrencies and is one of the best exchanges to buy cryptocurrencies. Binance is known to have one of the best cryptocurrency exchange apps.
Supported Coins: Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, DASH, Litecoin, NEO, GAS, ZCash, Ripple and many more.
Trading Volume: $1,724,874,280
Pros: Low transaction fee- around 0.1%, not exactly suitable for the beginners as it has two versions of trading- basic and advanced with not an easy-to-use interface.
Cons: You can’t use or exchange with fiat, can’t margin trade or short sell.
#3 BitMex:
BitMex is one of the premier Bitcoin exchange platforms across the world, based out of Hong Kong. As the name suggests, BitMex( Bitcoin Mercantile Exchange) is a trading platform for Bitcoin, the largest cryptocurrency by market capitalization. There have been reports that BitMex has had experienced over 2 billion USD transactions that have happened in 24 hours.
Supported Coins: Bitcoin, Cardano, Bitcoin Cash, Ethereum, Litecoin, EOS, Ripple
Trading Volume: $3,035,184,687
Pros: You can buy leveraged contracts like future or perpetual contracts from BitMex. You can short sell and margin trade.
Cons: Only one cryptocurrency is available for trading and does not accept any US-based payments as it's not available there.
#4 OKEx
OKEx is one of the most popular cryptocurrencies supporting more than 145 cryptocurrencies, based out of Hong Kong. They even have their own cryptocurrency- OKB. OKEx has about 0.02% to 0.2% maker and taker fee.OKEx is not far behind when it comes to trading per day, it has experienced around $1.5 million in bitcoin futures every day.IT is one of the trusted global cryptocurrency exchange.
Supported coins: Bitcoin, Ethereum, Litecoin
Trading Volume: $1,384,994,152
Pros: Allows margin and short selling, supports more than 145 cryptocurrencies.
Cons: Not supporting the US traders, but is supposedly expanding to Malta.
#5 Kraken
Kraken, founded in 2011 by Jesse Powell, is one of the largest bitcoin exchanges for its popular section of fiat currency exchange including Euro, Yen, USD, pound, etc. Kraken is partnered with the first cryptocurrency bank in the world. It supports over 17 cryptocurrencies with a maker and taker fee of 0% to 0.26%. Kraken even provides bitcoin pricing to Bloomberg terminal.
Supported coins: Bitcoin, Bitcoin Cash, Bitcoin SV, Cardano, DASH, Dogecoin, EOS, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tether, Zcash and many more.
Trading Volume: $160,834,807
Pros: High liquidity, supports many cryptocurrencies, apt for seasoned traders.
Cons: The processing time is slow.Arbitrary closure of accounts
#6 Huobi
Another cryptocurrency exchange, which still hasn’t laid their foundation on the United States is Huobi, which was founded in China and boasts of supporting around 250 cryptocurrencies. Huobi has 2 different versions- Huobi OTC( that allows trading of cryptocurrencies with fiat currencies at zero fees) and Huobi Pro( that is for advanced trading capabilities). Huobi is coming up with a cryptocurrency exchange-traded fund(ETF) to be named HB10.
Supported coins: BTC, LTC, ETH, BCH, XRP, DASH, EOS, TRX, ZEC, and 90 other coins
Trading Volume: $911,363,754
Pros: Access to wide-ranging cryptocurrencies, 24/7 customer support, Competitive Fees
Cons: has been accused before, of falsifying trading volumes, mostly focusing on South-Asian market and not targetting any other parts of the world.
#7 Bitfinex
Bitfinex was started in 2012 and is based out of Hong Kong, offering the most liquid order, which allows easy exchange with minimal slippage. Bitfinex enables the users to trade up to 3.3x leverage by getting funds from peer margin platform. The margin funding market of Bitfinex helps you earn interest in digital and fiat assets. The users can also auto-renew the offers, even if it gets expired. The best part is that Bitfinex lets you have the set-up done according to your needs or preferences.
Supported coins: BTC, ETH, ETC, XMR,ZEC, LTC, DASH and 22 more
Trading Volume: $149,183836
Pros: Unlimited withdrawal, in-house mobile app, multiple payment options
Cons: has some history regarding it getting hacked
#8 Bittrex
Bittrex is an US-based cryptocurrency exchange based in Seattle, Washington where security is the most unique factor, that makes it one of the best cryptocurrency exchanges in 2020. There are more than 190 cryptocurrencies enlisted out there, without around 284 unique pairings. Bittrex charges flat 0.25% of each and every trade. Bittrex can process trades as soon as it happens as it was built using elastic computing.
Supported coins: BTC, ETH, XVG, XRP, ADA, XRP, LTC, RDD, ZEC, and 130 more coins
Trading volume: $61,219,365
Pros: Highly secured, very easy to use, even for the beginners.
Cons: Only supports crypto-to-crypto trading, Accused of poor customer service in the past, not a beginner-friendly platform
#9 Bitstamp
Bitstamp was formed in 2011, based out of Slovenia, and has multiple headquarters, both in New York and Luxembourg. Bitstamp has one of the lowest fee systems in the world, with 0.05% for international wire transfer, and imposes 0.09% on international withdrawals. It allows USD, EUR, Bitcoin, Litecoin, ethereum, ripple or bitcoin cash deposits, and withdrawals.
Supported coins: BTC, BCH, LTC, ETH, XRP
Trading Volume: $89,107,924
Pros: Verification on Bitstamp is fairly rapid, very easy to use by the beginners and the crypto enthusiasts.
Cons: Simplistic mobile app, High card fees
#10 KuCoin
KuCoin was founded in 2011, with a predominantly modern outlook, backed with a secured platform. It is based out of Hong Kong, which is a profit-sharing platform, distributing 50% of their overall revenue to holders holding exchange-based token-n KuCoin Shares (KCS). Even the Holders get a 1% discount for every 1000 KCS they hold. The fees are comparatively lower than other exchanges.
Supported coins: BTC, BCH, ETH, XRP, LTC, EOS, ADA, TRX and 62 other coins.
Trading Volume: $53,671,283
Pros: Offers a wide range of cryptocurrencies, fees are low
Cons: No fiat currencies accepted, difficulties experienced during a high traffic period.