What is the best cryptocurrency exchange?

in crypto •  2 years ago 

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With a growing market, it is important to have the best Cryptocurrency exchange platform. There is a great diversity of exchange houses (with services all over the world), which allow trading (selling, buying and exchanging) these digital assets. Each platform establishes particular conditions of service, therefore, it is necessary to choose a platform that suits your needs.

16 best cryptocurrency exchange platform
Next, the best Cryptocurrency exchanges are described, get to know outstanding information about their operation.

  1. Coinbase

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It is one of the most recognized platforms worldwide, with operations in 102 countries and millions of active users. Since its foundation (in 2012 and based in the United States), Coinbase allows you to buy, sell and exchange Cryptocurrencies safely. They have also incorporated several additional services for people and companies, from carrying out commercial operations to a training program that allows them to obtain rewards (the user can test the Cryptocurrency as they learn how it works).

Coinbase:

Cryptocurrencies

More than 16 cryptos, including: Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP.

Commission and Fees

The standard rate for buying and selling is 1.49%, if the transaction is made with a card (debit-credit) it is 3.99%. They may vary by location.

Wallet

Free service available, from a mobile application allows you to manage the Cryptocurrencies that the user has.

Payment Methods

Credit and debit cards, bank transfers (may change depending on the location).

Security

The platform has an insurance policy on the digital capital of its clients. Also, less than 2% of funds are stored online.

Mobile app

Yes, it allows to buy, sell and exchange cryptos. It also offers information on the price of the Cryptocurrencies available.

  1. Binance

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It is one of the most reliable exchanges, offering multiple options to trade 150 of the most traded Cryptocurrencies in the world. It is a company that started operations in China (2017) and is headquartered in Malta, in less than 4 years it has achieved an excellent reputation thanks to the diversity of services and options it offers. In addition, it has a robust online platform (available in mobile and desktop versions), as well as an API that allows it to be integrated into different commercial applications.

Binance:

Cryptocurrencies

More than 150 available for exchange, and the most quoted for buying and selling (including BNB — Binance coin).

Commission and Fees

Binance charges a flat fee of 0.1% for buying and selling crypto, although it can go as low as 25% if BNB is used to make the transaction. While deposits and withdrawals are free.

Wallet

It has a fast and secure mobile application (Trust Wallet), a wallet that allows you to store and manage cryptos.

Payment Methods

Credit and debit cards, bank transfers. If the transaction is done by P2P (people to person) commerce, up to 60 payment methods and fiat currencies are available.

Security

The platform uses the best computer security standards to protect its clients’ funds.

  1. Huobi

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Huobi is a world leading cryptocurrency exchange platform. It offers a plethora of trading options — from spot, margin and derivatives trading to staking, crypto lending and auctions. Supports more than 310 crypto assets. Huobi allows you to trade, exchange, and store your digital assets. It was founded in Singapore in 2017 by Leon Li, who is the CEO of Huobi Group. Currently, Huobi is divided into Huobi Global, Huobi Korea and Huobi Japan.

Huobi:

Cryptocurrencies

On the platform, there are more than 300 currencies available.

Commissions and Fees

Users can enjoy a 50% discount on trading fees when buying Huobi Token (HT) with Maker and Taker fees of 0.2% and 0.2% respectively. Withdrawals depend on the cryptocurrency to be withdrawn and the congestion of the net.

Wallet

Huobi Wallet is a mobile crypto wallet that allows you to securely send, receive and store Bitcoin, Ether, DOT, KSM, DOGE, TRX, XRP, EOS, LTC, XTZ, BCH, DASH and other digital assets.

Payment Methods

Huobi has available bank transfers, debit / credit cards, in addition to ABA, SWIFT, SEN, SEPA and ADVCash payment systems.

Security

Users are insured against possible financial losses caused by a greater evil. Huobi buys tokens and sends them to an investor protection fund to compensate those affected.

  1. OKEx

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OKEx is an advanced cryptocurrency exchange where you can buy, sell, and trade various cryptocurrencies. It was based in Seychelles in 2017 and is now owned by Ok Group. OKEx offers spot, margin and derivatives trading, offering a huge list of services including flexible lending and various ways to earn money through staking. OKEx provides simple and complex trading tools, Proof of Work mining and DeFi liquidity mining. The basic version is a good starting point for beginners, while experienced traders can enjoy the advanced version with a more complex and complete control panel.

OKEx:

Cryptocurrencies

OKEx provides trading of more than 200 cryptocurrencies, as well as futures for Bitcoin, Ether, Litecoin, XRP and more.

Commissions and Fees

It varies from 0.06% to 0.1% for the maker and from 0.09% to 0.15% for the taker, depending on the trading volume. For deposits and withdrawals, they vary depending on the cryptocurrency.

Wallet

OKEx wallet is compatible with 8 blockchain networks and sidechains offering 2 different applications. The first is a Web 3.0 browser extension and the second is the OKEx mobile app.

Payment Methods

OKEx supports payments with debit/credit cards, bank transfers, Yandex.Money, Advcash Wallet, Apple Pay and Google Pay.

Security

OKEx is instantly supported and provides a secure and stable environment for crypto trading via web and mobile.

  1. Bitmex

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It is a well-known P2P trading platform in Cryptocurrencies with operations worldwide, it was founded in 2014 by British entrepreneurs and offers investment services on a wide variety of cryptos. Bitmex is considered a platform for experienced traders, it offers a friendly graphical interface and allows web access from a computer (the mobile version is not available). They have also employed rigorous security standards for access, including an automatic audit system on all accounts (up to 100 audits per second).

Bitmex:

Cryptocurrencies

It allows trading with the main Cryptocurrencies on the market (Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos, Zcash).

Commission

Set fixed fees for initial margin and maintenance for most crypto assets. There is no commission for deposits or withdrawals.

Maximum Leverage

1:100 (available to trade with Bitcoin, varies depending on the cryptocurrency to be traded).

Payment Methods

It only accepts Bitcoin for a minimum amount of 0.001 BTC (withdrawals have no limit).

Security

The platform has multiple security elements, which guarantee the operation of the system, marketing and customer communication.

  1. Bitfinex

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It is recognized as one of the best exchange and investment platforms, it has more than 8 years of experience in the cryptocurrency market that has allowed them to develop multiple services. Bitfinex makes a large number of transactions per day, highlighting Bitcoin transactions thanks to the trading conditions they offer. The platform provides 2 options for crypto trading: through OTC (Over The Counter), with a minimum order of 50 dollars and Spot Trading (spot trading) for those who want to carry out traditional operations.

Users can also have a demo version or “Paper Trading”, which allows them to carry out simulated operations to learn about the functions or explore new strategies. In this version there are no losses if the operations are negative, test tokens that have no real value are used (only for training purposes).

Bitfinex:

Cryptocurrencies

available They offer a large number of Cryptocurrencies and derivatives to trade.

Commission

The deposit commission is free for Cryptocurrencies, while bank transfers have a fee of 0.100% with a minimum of 60 dollars / euros. Withdrawals apply commission in some crypto, Bitcoin has a fee of 0.0004BTC.

Wallet

It offers 3 crypto wallets with different functions: for trading, investing in long and short positions (with leverage) and for financing.

Payment Methods

Accepts deposits with Cryptocurrencies and international bank transfers (requires an application procedure).

Security

More than 99% of the funds are safeguarded offline, all transactions require between 4 and 7 levels of security. Also, withdrawals are not available on the mobile app.

  1. localbitcoins

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It is a platform dedicated to the P2P market (commerce between people), for more than 8 years Localbitcoins has facilitated the purchase and sale of Bitcoins between people (worldwide). Registered users have the possibility to: sell, buy, as well as use an electronic wallet to send and receive Bitcoins. Trading is done through personalized publications (the user, the payment method and the exchange rate), then the platform intermediates the transaction offering guarantees (for the seller and the buyer) until the process is complete.

localbitcoins:

Cryptocurrencies

Bitcoin

Commission

The purchase, sale and registration operations are free, however, the ads have a fixed fee of 1% (charged at the end of the transaction). Sending and receiving operations with external Bitcoins wallets have a commission that varies according to the blockchain usage rate.

Wallet

Users have a Bitcoin wallet with free use.

Payment Methods

They offer multiple payment options, from international bank transfers to electronic payment methods (the price of the offer may vary depending on the method selected).

Security

It complies with computer security and financial services standards.

  1. Poloniex

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Since it started operations (more than 6 years ago), it has positioned itself as a platform that facilitates the exchange and trading of Cryptocurrencies. Traders who register at Poloniex have the possibility to trade more than 100 crypto pairs (available for spot trading) and 25 pairs on margin (leverage is available on Futures trading, it can reach up to 1:100). The investment platform offers 2 versions: WebTrader and mobile application (for iOS and Android operating systems, although not all functions are available), the graphical interface allows the use of tools and indicators for a better experience.

Poloniex also offers technical support through social networks and with access from the interface, an excellent option that not all exchanges offer. In addition, they have strengthened security to provide a more reliable environment.

Poloniex:

Cryptocurrencies

100 of the most traded Cryptocurrencies and asset pairs are available for trading.

Commission

Crypto deposits are commission-free, while withdrawals have a low additional fee. While the commissions for trading vary according to the volume of trade in 1 month (the higher the volume, the lower the commission). For buying and selling.

Wallet

Yes, it has a wallet to deposit and make withdrawals of Cryptocurrencies.

Payment Methods

Only Cryptocurrencies can be deposited in the electronic wallet.

Security

The platform complies with international security standards for financial services (only 2% of funds are online). In addition, users have access to their accounts with 2 levels of protection.

  1. KuCoins

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With only 3 years since it started operating, Kucoin has achieved great acceptance and popularity among Cryptocurrency exchange and trading platforms. It allows trading in more than 200 pairs of cryptocurrencies with competitive rates, it also offers a wide variety of new options: purchase of cryptos with the main fiduciary currencies (fiat), trading with Futures, Pool-X (free market exchange that allows liquidity on the crypto bet) and loans between people (the platform is an intermediary and allows the person who receives the loan to operate with margin, while generating interest for the person who grants it).

The platform offers a WebTrader version and the mobile app (both with intuitive features), it also provides 24/7 customer service as well as a community of users to share experiences.

KuCoins:

Cryptocurrencies

It offers the main Cryptocurrencies in the market and more than 450 related pairs.

Commission

The commission for trading is up to 0.1% and decreases if the trading volume increases in 30 days (Futures up to 0.02%). Deposits are fee-free, while withdrawals have a minimal cost depending on the cryptocurrency (Bitcoin is 0.0004 BTC).Wallet It does not offer a Cryptocurrency wallet.

Payment methods

It only accepts cryptocurrencies, although it allows purchases with external platforms through P2P.

Security

Complies with security standards for financial services and data encryption. In addition, client funds are backed by an insurance policy. The interface also requires 2 levels of security for access.

  1. Coinmama

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It has more than 7 years offering exchange services, achieving a presence in more than 185 countries and exceeding 2 million users. Coinmama is based in Slovakia and has developed a robust exchange platform, with more than 7 Cryptocurrencies available for trading. In addition, it accepts the most used international payment methods and offers a fast management process (the purchase of Bitcoin, for example, is done in less than 10 minutes).

Access to the platform is online (it does not have a mobile application for now), however, the purchase and sale of Cryptocurrencies is done in 5 simple steps. In addition, they apply a competitive (fixed) rate for both transactions.

Coinmama:

Cryptocurrencies

It allows the purchase and sale of 8 Cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin, Tezos, Bitcoin Cash, EOS, Qtum, Ethereum Classic and Cardano).

Commission

The purchase of cryptos has a maximum fee of up to 3.9%, while the sale can reach 0.9%. They can also apply a commission according to the payment method (credit cards have a 5% commission).

Wallet

He doesn’t have a wallet.Payment methods Credit and debit card, international bank transfers.

Security

They require up to 3 levels of account verification, also use encrypted data and do not store payment-related information.

  1. Paxful

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It is a platform that facilitates Bitcoin transactions through P2P commerce, has a presence in more than 100 countries and a wide variety of accepted payment methods. Currently, it has almost 5 million users and has developed a program aimed at Bitcoin providers. Paxful offers significant advantages in such a competitive market, both buyers and sellers can deal on fair terms.

They also offer a mobile application, it is a virtual wallet with a friendly graphical interface, it allows you to exchange, receive and send Bitcoins.

Paxful:

Cryptocurrencies

Bitcoin

Commission

The purchase of Bitcoin has no additional commissions (it is free), while the sale has a fixed rate of 1% in almost all payment methods (bank transfers have 5%). Sending to an external wallet has a commission according to the amount (between 0.0001 BTC and 0.0005 BTC).

Wallet

Yes, users can download the virtual wallet for free.Payment methods It offers more than 300 payment methods, they may vary according to the options of each country.

Security

They manage a guarantee deposit for purchase-sale transactions, they also comply with various financial security standards.

  1. BitMart

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BitMart is a high-volume centralized exchange present in more than 180 countries and with more than 9 million users worldwide. Launched in 2018 in the Cayman Islands, BitMart offers a mix of spot and futures trading, as well as lending and staking services. In addition, it has a “Shooting Star” token acceleration platform, which promotes the best digital assets for profitable investments. It also offers a platform for advanced traders and offers customizable asset management solutions for institutions of all sizes.

BitMart:

Cryptocurrencies

BitMart has more than 218 cryptocurrencies available.

Commissions and Fees

BitMart has a fixed trading commission rate of 0.25%. If you use BMX to pay commissions, a 25% discount takes effect. Commissions for BTC withdrawals are 0.0005 BTC.

Wallet

BitMart applies “cold/hot wallet” technology which keeps less than 0.5% of user assets in a hot wallet and 99% in an offline cold wallet for greater protection against attacks malicious.

Payment Methods

At BitMart, you can make a deposit via Visa/MasterCard and buy popular tokens with almost any current currency like USD, EUR, CNY, etc.

Security

BitMart uses an advanced multi-tier, multi-cluster architecture system for security, stability, and scalability. Secret keys and addresses are constantly optimized to protect user assets.

  1. PrimeXBT

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PrimeXBT is a global crypto exchange and a unique trading platform where you can trade cryptocurrencies, stock indices, commodities and foreign currencies. You can opt for margin trading up to 100 times your initial investment, at PrimeXBT. It also features a new option called “covesting” that allows you to copy the actions of the main investors and traders on the platform. In addition, the “turbo” trading option allows you to make short-term price predictions and get a double profit if your prediction is correct.

Prime XBT:

Cryptocurrencies

Offers Bitcoin, Ethereum, Ripple, EOS, Litecoin, USD Coin, Tether.

Commissions and Fees

Overnight commissions range between 0.00277% and 0.1389% depending on the type of operation. The trading commission depends on the asset. Prime XBT does not charge anything for a deposit, while withdrawals vary depending on the cryptocurrency.

Wallet

PrimeXBT supports 5 on-exchange wallets that are tied to specific cryptocurrencies: BTC, ETH, USDT, USDC, COV.

Payment Methods

Bank transfers or credit/debit card purchases are not supported for now. Prime XBT only accepts crypto transfers and deposits from other exchanges or digital wallets in BTC, ETH, USDT, USDC, COV.

Security

PrimeXBT claims to have an advanced multi-layer security level hosted on Amazon Web Services (AWS) that guarantees strict space.

  1. kraken

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This Cryptocurrency exchange is based in the United States, started operations in 2011 and has developed an outstanding track record (globally) offering cryptocurrency trading, trading and investment services. It has a secure platform (keeping more than 95% of its clients’ funds offline, but 100% available for withdrawal), while the funds that are online are kept safe with high levels of security. In addition, it offers an intuitive graphical interface to facilitate operations and customer support available 24 hours a day, 7 days a week.

kraken:

Cryptocurrencies

20 of the most traded cryptos globally, also accepts fiat currencies for exchange.

Commission and Fees

Withdrawal and deposit fees vary by cryptocurrency, however, most cryptos allow free deposits. There is also a minimum amount for each transaction (varies with the type of crypto).

Wallet

Does not offer crypto wallet.

Payment Methods

By bank transfers.

Security

They comply with computer security standards for access to funds.

  1. Bittrex

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Of North American origin and founded in 2014, it offers a secure platform with a renewed interface. It has current headquarters in Liechtenstein and provides online services from a mobile application (includes a web version for desktop), allowing the possibility of buying, selling and exchanging the most commercialized Cryptocurrencies. Users can make investments in the main cryptoactive markets (more than 250). It also offers a customer support system through social networks and email.

Bittrex:

Cryptocurrencies

More than 190 Cryptos and 500 pairs to trade.

Commission

Deposits and withdrawals are free of commission (it only accepts a minimum of 25 euros), while withdrawals can be made from 10 euros. In some countries fiat deposits and withdrawals are not available.

Wallet

It does not have an electronic wallet to manage Cryptocurrencies.

Payment Methods

International bank transfer (requires Bittrex approval), credit and debit cards.

Security

It uses various security elements to protect the funds (Only between 10–20% of the funds are online). In addition, as of 2018 they included a validation stage by IP.

  1. bitpanda

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Established in 2014 and headquartered in Austria, Bitpanda is a Fintech company that offers a platform for trading and trading a wide variety of Cryptocurrencies. It is currently recognized as one of the crypto exchanges with the greatest diversity of services, in addition to providing reliability and ease of operations. Users can have up to 9 different services: for buying and selling, exchange, savings plan, metal trading, among others.

Bitpanda is available in over 54 countries with a variety of payment options (although some cryptocurrency deposit fees may apply). In addition, it offers customer support through the main social networks, email and telephone service.

bitpanda:

Cryptocurrencies

It allows trading with the most quoted Cryptocurrencies, as well as a large number of derivative pairs.

Commission

They apply commission for purchase and sale that varies according to the cryptocurrency. Deposits have a fee (they can be free from a minimum amount and depending on the Cryptocurrency), as well as withdrawals (the fee changes according to the payment method).

Wallet

Yes, the platform has a wallet for Cryptocurrencies, it allows you to send or receive assets to other users (without commissions). In addition to facilitating administration (at the beginning the user has 1 wallet for each cryptocurrency).

Payment Methods

Accept multiple payment options: cards, bank transfer, electronic wallets, among others (they can change by country).

Security

It complies with international standards for financial services such as AML5, they also use security certificates, data encryption and fund protection.

  1. hitbtc

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The company is based in Hong Kong and started operations in 2013, currently offering a state-of-the-art exchange platform (with APIs to incorporate trading robots). In addition, it allows trading with more than 500 digital assets and the most quoted Cryptocurrencies globally. Traders in the process of training will be able to benefit from a demo version, which does not require a deposit and allows them to explore the most outstanding functions (it can also be very useful for the most advanced, but who need to familiarize themselves with the interface).

This platform also offers corporate accounts, as well as various security systems to offer complete peace of mind.

hitbtc:

Cryptocurrencies

It allows to operate with the main cryptos in the market and more than 800 compatible pairs.

Commission

Withdrawal fees are adjusted according to the market and deposits with Cryptocurrencies have no additional charge. While commissions for trading vary based on 30-day trading volume.

Wallet

It does not offer a crypto wallet.

Payment Methods

It only supports Cryptocurrencies.

Security

Access requires 2-step verification, also uses security certificates and offline storage.

Aspects to consider before choosing an exchange platform

After reviewing the best exchanges in the market, it is perhaps necessary to highlight some important aspects for the selection. There is no doubt that the competition between the platforms is high and services improve every day. In that sense, analyze the following characteristics:

  1. Fees and Commissions — Review all commissions for deposit, withdrawal and trading.

  2. Cryptocurrencies available: check if the platform works with the cryptocurrency that you are interested in trading.

  3. Payment methods: a very important aspect that will allow you to operate. For example, if you only have a credit card, you must verify that the platform accepts it to deposit funds (some exchanges may charge a commission for the type of payment).

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