The popularity of cryptocurrency is so high that almost everyone makes some transactions related to crypto. But to be involved in this process, it is necessary to find a crypto exchange where you can purchase and sell digital coins, such as Ether, Bitcoin, and many others. There exist centralized and decentralized crypto exchanges.
CEX (Centralized Exchange) acts as an intermediary for traders. Similar to demanded brokerage companies, such trading platforms offer users a number of widespread services: storing, trading, sending, or withdrawing cryptocurrencies. Some exchanges add margin trading and fiat/crypto trading pairs.
Three key characteristics of CEX:
- Centralized exchanges have an owner.
- CEX is responsible for the security of users' funds.
- Such platforms comply with legal regulations and standards.
What are the main characteristics of DEX?
- DEX guarantees maximum transaction anonymity.
- Such marketplaces require a minimum of personal information about the user.
DEX (Decentralized Crypto Exchange) is a blockchain-based trading platform that does not store cryptocurrency funds and the personal information of users. At the same time, DEX is a platform that searches for matches between buy and sell orders. In terms of the trading process, crypto holders buy and sell assets directly, without intermediaries.
The best crypto exchanges
Today, there is a wide range of cryptocurrency exchanges for trading digital coins. And very often, traders face difficulties when choosing a crypto exchange. Therefore, to help you make the right choice, we analyzed leading exchange offers and a wealth of data to define the best crypto exchanges.
Binance
The crypto exchange Binance was launched in 2017 with a special emphasis on altcoin trading. Binance provides its users with more than 200 different crypto trading pairs. You can also find a huge number of fiat/cryptocurrency trading pairs.
Nowadays, Binance is considered one of the best exchanges, making up a great bulk of cryptocurrency trading every day.
Binance crypto exchange is suitable for people who would like to trade or invest in lesser-known altcoins. Binance provides over 50 different digital coins to trade and is the perfect choice for everybody who wants a more advanced chart than most other exchanges have. The crypto exchange features and capabilities of the chart are really impressive, especially when you consider their reasonable fees.
Kraken
Kraken is one of the most popular cryptocurrency exchanges. It ranks first in terms of trading volume in the BTC/EUR pair. Kraken is owned by Payward Inc. The exchange is not controlled by any supervisory authority, but this is a standard situation in the world of cryptocurrencies (at least for today).
Kraken crypto exchange has managed to gain the trust of users. Moreover, there haven’t been any hacker attacks on the exchange. You will find quite a few trading tools on Kraken. Kraken is primarily known as a platform for trading Bitcoin and Ethereum against fiat (USD and EUR), but altcoins are also present.
Bittrex
Bittrex is a cryptocurrency exchange that was created in 2014 by Bill Shihara, Richie Lai, and Rami Kawach and has been operating since 2015. The main office is located in Seattle, Washington, USA.
Bittrex crypto exchange provides the ability to work with hundreds of pairs of assets. Besides, it offers secure storage of digital coins, as almost all cryptocurrencies are in cold wallets. This crypto exchange is highly safe, but you hardly remain incognito since the platform requires detailed personal data verification (KYC): photographs of documents and other identifying information.
Initially, the Bittrex platform worked as a service for exchanging various cryptocurrencies, but it is currently one of the largest crypto projects where you can trade almost any famous digital coin in the world.
Bybit
Bybit is one of the fastest-growing cryptocurrency exchanges with crypto derivatives support. To date, over 2 million users are registered on the platform. Bybit was launched in March 2018. The project is consistently among the best derivatives trading platforms with the highest trading volumes.
Exchange representatives are trying to provide users with highly effective investment tools that meet their needs. To do this, the developers keep in touch with users and always respond to comments. In particular, Bybit representatives take into account the opinions of users when adding trading pairs.
Bybit specializes in perpetual swaps. The tool is a crypto derivative for transactions between individuals. Perpetual swap is similar to the futures contract, but with no expiration date. Perpetual swaps are accessible on Bybit crypto exchange for a huge number of digital coins, including USDT.
The trading platform also supports perpetual inverse contracts. Working with the tool is also available when you trade the following crypto pairs: BTC/USD, LTC/USDT, XTZ/USDT, XRP/USD, EOS/USD, BTC/USDT, ETH/USD, ETH/USDT, and LINK/ USDT.
Gate.io
Gate.io has been on the market since 2017. Its focus is mainly on traders from Europe and the Asian region. Therefore, the site contains European languages, Japanese, Chinese, Korean, and Russian. The crypto exchange stands out among other similar ones for its user-friendly interface, advanced service for clients, and a large number of digital assets for trading. The platform offers more than 350 cryptocurrency pairs for trading, among which you can find quite rare coins. Most commonly used assets: EOS/USDT, ETH/USDT, BTC/USDT, BCH/USDT, HT/USDT, GTC/USDT, LTC/USDT, ONT/USDT. This crypto exchange pleases with low fees, the presence of a mobile application, a rather nice design of the site, and most importantly — a high level of security.
All these exchanges are also available on the Cryptorobotics trading platform. Thus, it is significantly easier to trade via this terminal, as you can enter the trades on each of these exchanges from one terminal.
Available crypto exchanges on the Cryptorobotics platform
The Cryptorobotics trading platform integrates 15 cryptocurrency exchanges, which in turn are divided into Futures and Spot. Here is a full list of crypto exchanges available in the Cryptorobotics trading terminal:
Spot:
- Benance
- Binance.US
- Bittrex
- CEX
- Bitfinex
- EXMO
- Huobi
- Kraken
- OKEX
- Gate.io
- P2PB2B
- Poloniex
Futures:
- ByBit
- Binance Futures
- Bybit Inverse
How to start the trading process on the crypto exchanges via Cryptorobotics terminal?
To connect through the terminal to the mentioned above exchanges, you must follow these steps:
- Go to the crypto trading platform.
- Sign up.
- Set up an account on one of the crypto exchanges accessible at the terminal.
- Link an existing account on the exchange to the trading platform with the help of the API key.
You can get more detailed information on connecting the account of each exchange to the terminal here.
Transfer your digital coins to the exchange wallet If you don't have money on it.
Select manual or algorithmic trading (OCOs, Crypto trading bots, Signal trading, Autofollowing, or Copytrading).
After you complete these steps, you will be able to customize the settings of the trading through the terminal and start trading on the crypto exchange you prefer.