Exchanges:
What are Cryptocurrency Exchanges?Cryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies. In effect, cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees.
Binance (Recommended)
The Binance exchange is an exchange founded in 2017 with a strong focus on altcoin trading. Binance offers over 100 different trading pairs between different cryptocurrencies. It offers plenty of fiat-crypto pairs as well.
As of July 2021, Binance dominates the global exchange space, making up a significant portion of crypto trading volume daily. The exchange only allows for U.S. Dollar deposits by global users via SWIFT, but it does allow you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits using 12 other fiat currencies are allowed, including the Euro.
Binance is suited to people who would like to trade or invest in lesser-known altcoins. Binance offers more than 50 different cryptocurrencies to trade and is a good option for anyone who wants more advanced charting than most other exchanges. The features, charting abilities, and data that come with your account are truly impressive, especially when you consider their reasonable fees.
Why to Chose Binance
It offers a very long list of currencies beyond the most popular digital coins.
Pros & Cons
Pros
- Lower fees than other commonly used exchanges
- Large variety of cryptocurrencies and trading pairs
- More advanced charting
- Geared for more advanced users
- Binance US has fewer trading pairs than international version
- Not all states supported
Exchange Score: | |
---|---|
Volume: | |
Avg. Liquidity : | |
KYC: | |
Trading Fees: | Maker: 0.1% Taker: 0.1% |
Fees link: | Click Here |
Huobi Global
Huobi Global Limited is a leading blockchain service provider that has been in operation since 2013. It has over 234 crypto assets available for trading online via the provided trading platforms. They offer up to 3 times leverage for spot trading and has a daily trading volume of over $9 billion.
The Huobi team is dedicated to providing safe, professional, trustworthy, and world-class services to its global clients across 130+ countries. Huobi Group is working with Argentina, Russia, Thailand, Nigeria, and many countries along the “Belt and Road” on the development of blockchain technology and real-world blockchain applications.
Huobi Global Review, Pros & Cons
Pros
- Multiple intuitive trading platforms
- A minimum deposit of just $50
- A good selection of educational resources
- 24/7 customer service support
- Vast range of cryptocurrencies for trading
Cons
- Not regulated
- Cryptocurrency trading only
- No stocks, commodities or forex trading
- No MetaTrader trading platforms
- No USA clients
Exchange Score: | |
---|---|
Volume: | |
Avg. Liquidity : | |
KYC: | |
Trading Fees: | Maker: 0.1% Taker: 0.1% |
Fees link: | Click Here |
FTX
FTX is one of the best crypto trading exchanges globally and is head by the newer generation aiming for the future. FTX is known to be a trading platform ‘for traders and by traders.’ With their prominent and developing technology, they offer their services to all the traders in the market.
Pros & Cons
Pros
- No KYC is needed to trade. However, it can increase your limits to trade.
- They allow the use of credit cards to purchase cryptocurrencies
- The fee charges are minimal
Cons
- It is a new platform
- The leveraged tokens are risky
Exchange Score: | |
---|---|
Volume: | |
Avg. Liquidity : | |
KYC: | |
Trading Fees: | Maker fee: 0.019000% Taker fee: 0.066500% |
Fees link: | Click Here |
KuCoin
KuCoin is a third party exchange that allows you to buy, sell and trade lots of different cryptocurrencies. It was created in May 2017 by a group of experienced business specialists who had previously worked on projects such as Ant Financial and iBox PAY. KuCoin is one of the newest cryptocurrency exchanges in the industry.
Pros & Cons
Pros
- Very low deposit, withdrawal, and trading fees
- Very simple to use – perfect for beginners
- Good range of coins, including newly released cryptocurrencies
- Good security features
- No verification – anonymous trading
Cons
- Trading volume is low – sometimes issues with liquidity on smaller coins
- Some difficulties during high-traffic periods
Exchange Score: | |
---|---|
Volume: | |
Avg. Liquidity : | |
KYC: | |
Trading Fees: | Maker: 0.1% Taker: 0.1% |
Fees link: | Click Here |
Coinbase
Coinbase is the largest U.S.-based cryptocurrency exchange, trading more than 50 cryptocurrencies. Coinbase fees, however, can be confusing and higher than some competitors. While Coinbase offers attractive security features, cryptocurrency trading is highly volatile, so always consider the risks
Pros
- Buy, sell, or store more than 80 cryptocurrencies like bitcoin and dogecoin
- Educational investment resources, mobile access, digital storage, and customer support
- Low account minimums
- Can earn rewards for certain cryptocurrencies
- Coinbase card lets you spend crypto or USD anywhere and earn crypto rewards; can deposit your paycheck into your account and convert from USD to crypto with no fees
Cons
- No crypto futures or margin accounts
- Pay more for lower balances
- Not for users who want external storage wallets crafted by personal wallet companie
- High trading and transaction fees
Exchange Score: | |
---|---|
Volume: | |
Avg. Liquidity : | |
KYC: | |
Trading Fees: | Maker: 0.1% Taker: 0.1% |
Fees link: | Click Here |
Delta exchange
Delta Crypto Exchange is a well-known online cryptocurrency derivatives trading platform that has become an essential topic in the cryptocurrency space. In recent years there is an increase in demand for derivative platforms for short and long positions. According to several Delta Exchange reviews, Delta Exchange specializes in cryptocurrencies futures and perpetual contracts. Delta cryptocurrency exchange offers an innovative and modern platform that provides a convenient way for trading derivatives. Delta is registered in Saint Vincent, Grenadines; Delta is a trading platform that is not regulated, and it offers users the ability to trade anonymously around the world.
Pros
- Provides an intuitive and easy-to-use trading interface.
- It offers traditional and perpetual futures contracts for Bitcoin.
- It offers 100x leverage.
- This platform provides live support.
- This exchange offers an excellent referral program.
- This exchange has several trading pairs and cryptocurrencies.
Cons
- Perpetual contracts for Bitcoin are low.
- Liquidity for several trading pairs is not sufficient.
Exchange Score: | |
---|---|
Volume: | |
Avg. Liquidity : | |
KYC: | |
Trading Fees: | Maker: 0.1% Taker: 0.1% |
Fees link: | Click Here |
WAZIRX
WazirX is a renowned Indian cryptotrading platform offering a simplified trading app with plenty of exciting features. WazirX’s user-friendly crypto trading platform is enabled with robust security features. Further, its integration with Binance, the introduction of WRX utility tokens, and the innovative WazirX P2P trading exchange have contributed to its popularity and extensive adoption.
WazirX was launched in March 2018 by Nischal Shetty, Sameer Mhatre, and Siddharth Menon. WazirX allows UPI, IMPS, NEFT, and RTGS deposits, but credit card deposits are prohibited. WazirX is charging a 0.20% taker fee and 0.20% Maker Fee for every trade transaction.
Pros
- Wide range of crypto tokens supported.
- Easy-to-use and minimal interface.
- No custody of fiat funds.
- Free fiat/crypto swaps.
- Smart Token Funds assist in portfolio building.
Cons
- Lacks crypto lending feature.
Exchange Score: | |
---|---|
Volume: | |
Avg. Liquidity : | |
KYC: | |
Trading Fees: | Maker: 0.1% Taker: 0.1% |
Fees link: | Click Here |