Photo by Ivan Babydov from Pexels
Ever tried doing some crypto-related DYOR (do your own research)and found yourself overwhelmed by so much info and rankings?
Let's make it easier and do away with complicated descriptions and the likes. While doing my own research as a beginner, I decided to compile a list of reputed exchanges that I use to buy, trade, and/or stake crypto. This is what I present to you here.
Please note that this list is ranked by a combination of trust ratings based on Coinmarketcap.com's analyses of exchanges, as well as my evaluation of user-friendliness for beginners and with the least amount of geolocation restrictions applied towards users around the world.
1.Binance - if you are looking for comfort in numbers, most accessible, largest user base
THE WHAT?
Binance is a cryptocurrency exchange that allows users to trade digital currencies online
It accepts the majority of the most widely traded cryptocurrencies
Traders can save their electronic funds in Binance's crypto wallet
Users can earn interest or deal with cryptocurrency using the exchange's support services
2.Gate.io - largest selection of crypto coins among all others in this list
THE WHAT?
With a prominent Initial Exchange Offering (IEO) platform, several cryptocurrencies, leveraged margin trading, and other innovative financial services like margin lending or borrowing, it is one of the fastest-growing crypto platforms
Despite having a robust trading engine, the platform interface is cluttered and is not the greatest location for beginner investors to start
- Coinbase
THE WHAT?
Coinbase is a safe and secure online exchange where you may buy, sell, transfer, and store digital currency
Their vision is to build a global open financial system and to be the dominant global brand for converting digital currency into and out of local currencies
- Kraken
THE WHAT?
A cryptocurrency exchange is Kraken.com
This means we match orders from customers who want to buy cryptocurrencies with ones from customers who want to sell them (or vice versa)
- KuCoin
THE WHAT?
KuCoin is a big cryptocurrency exchange that allows users to buy, sell, and trade digital assets
The platform also enables margin, futures, and peer-to-peer (P2P) trading in addition to conventional trading choices
Users can also earn incentives by staking or lending their cryptocurrency
KuCoin has cheap trading fees when compared to some of its competitors, making it an appealing alternative.
6.Huobi Global
THE WHAT?
Huobi Global's peer-to-peer (P2P) market allows users to buy cryptocurrency directly from other users
Huobi Global is available in over 130 countries around the world, but not in the United States or Japan
Huobi Global provides fee reductions to Huobi Token ($HT) holdersFTX - trader-friendly, not beginner-friendly user experience
- Bitfinex - trader-friendly, not beginner-friendly user experience
THE WHAT?
Bitfinex's objective is to provide the best bitcoin trading experience to our customers
Bitfinex seeks to do this by offering cutting-edge trading tools, cutting-edge technology, and unparalleled customer support to their users
Bitfinex offers our users and worldwide liquidity providers cutting-edge digital asset trading services
- Bybit
THE WHAT?
Bybit allows traders from worldwide to trade with leverage for a higher profit margin
Bybit's P2P platform facilitates the purchasing and selling of two users' shares at an optimal, agreed-upon price, with more than 80 payment methods supported
Debit cards, credit cards, in-person cash payments, and other options are available
- OKEx
THE WHAT?
OKX is a cutting-edge cryptocurrency exchange that also provides superior financial services
We rely on blockchain technology to deliver all of the tools you'll need to make informed trading and investment decisions
- Nexo
THE WHAT?
Nexo is the world's largest and most reputable digital finance lending organization
Nexo has been working to deliver professional financial services to the realm of digital assets
Nexo helps millions of people to harness the value behind their crypto assets, establishing a new, better financial system, by combining the best of the team's years of experience in FinTech with the power of blockchain technology
- Gemini - limited countries allowed to use the platform
THE WHAT?
Their platform makes it simple to learn about the cryptocurrency market, buy bitcoin and other cryptocurrencies, and develop a cryptocurrency portfolio for the future of money
- Okcoin - mainly focused on BTC (Bitcoin)
THE WHAT?
Trading in cryptocurrencies is a relatively new market
Following the creation of Bitcoin, one of the world's most popular and extensively traded digital currencies, the cryptocurrency market gained notoriety
Cryptocurrencies, unlike centralized exchanges like stock exchanges, trade on crypto-specific exchanges
DISCLOSURE:
None of these articles constitute financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard earned money into any product mentioned.
Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, "Change is the only constant", so if anything sounds old or off please holler on the socials or comment here so everyone stays peeled.
Affiliate links may be included in these articles and signups through these links are highly appreciated. These links support better research and quality writing and help you find the right products with less hassle, so it's a win-win :) Great care is taken to ensure the links are from authentic, non-spammy sources.
Stay up to date on the latest stories by signing up to the newsletter. Please don't mark these emails as spam, instead you can easily unsubscribe.
Your post was upvoted and resteemed on @crypto.defrag
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit