Here is a list of some popular crypto exchanges that can help you choose the right kind of platform where you can invest your funds and purchase a digital asset.
In the past few years, the crypto market has experienced an elicit surge of users and performing quite well in terms of revenue generation and growth thus, more people are thinking of entering the crypto world to make a fortune.
Despite the ups and downs in the crypto market, the prominence of crypto assets is growing. This has caught the attention of more people who are interested in stepping into the world of crypto.
If you are also intrigued and want to start your crypto trading journey then the first thing to do is opt for an efficient crypto exchange. Most crypto exchanges offer features like staking rewards (for holding a crypto asset for a set period), margin trading, crypto trading tools, and futures, spot trading a lot more. You have to select an exchange that works the best for you and is in line with your trading scope and requirements.
Here is a complete rundown of the market’s best crypto exchanges for buying and selling crypto assets. Keep reading to find the best option for you.
Binance: Crypto Exchange with Lowest Trading Fees
This platform is famous among the trading community because of its competitive trading charges and wide range of trading options. Binance boasts exceptionally high trading volumes in the global exchange space.
Binance is the world’s largest crypto exchange that provides end-users the flexibility to trade crypto with fiat currency. Moreover, the plethora of trading options on Binance is exceptional. In contrast to other crypto exchanges like Coinbase, Binance provides a larger collection of cryptocurrencies for trading along with 600 trading pairs. Binance also has a separate platform for US based traders termed as Binance. The coin support on the US platform is roughly 100 of those pairs, but that is still far more altcoins than most platforms offer.
There is a separate exchange for American citizens. Other than that, only 28 countries have proper access to the exchange. Some of the available trading options on this platform include OTC trading, staking rewards, stable coins (assets that are backed by US dollars), recurring buys, and crypto trading pairs.
While the crypto market has been loaded with deceitful coins and obscure trades, Coinbase has always managed to stay away from any debate or cyber theft proving that it is one of the safest crypto exchanges around the globe. Coinbase offers a very interactive and easy to use UI, low trading charges, and a wide range of trading options. Coinbase additionally offers insured custodial wallets for traders and brokers to store their financial assets. They provide protection against information thefts and hacking, and user money is moved in FDIC safe accounts. These custodial wallets are beneficial for beginners or new traders; however, the private keys to the coins inside them are owned by Coinbase, and not the trader.
Furthermore, Coinbase also offers the Coinbase Pro version that has more trading options, products, competitive trading charges, and more options in charts and indicators. Coinbase Pro is an ideal crypto exchange for the traders who have gotten familiar with everything in traditional Coinbase, and it balances the general contribution by adding advanced specifications that the user may need moving forward.
Launched in the Seychelles in 2018, PrimeXBT functions across more than 150 countries, restricting countries like the United States and Canada due to their strict crypto-exchange regulations. PrimeXBT is recognized as one of the best crypto coin exchange to trade CFDs on coins such as Ethereum, Bitcoin, and many other digital assets.
Despite excluding potential customers from such large cryptocurrency markets, PrimeXBT has grown exponentially over the past few years. PrimeXBT has strict and most advanced security protocols that safeguard user financial assets and cryptocurrencies by storing funds in an offline storage wallet.
Because PrimeXBT is a Bitcoin-oriented platform, this makes it one of the best crypto exchanges for trading CFDs. This cryptocurrency exchange offers CFDs in five mainstream cryptocurrencies such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- EOS (EOS)
Note: This crypto exchange allows users to trade more than 50 assets of various kinds, but it only accepts payment via Bitcoin, not fiat currencies. However, you can easily convert your currency or financial assets to Bitcoin through the Changelly API.
Concluding it all, if you are looking to get started with crypto trading or investing, it’s important to choose the best crypto exchange for attaining your goals. All the options mentioned above such as Coinbase, Binance, and PrimeXBT are secure and popular exchanges. You can analyze which exchange is best for you, depending on whether you want access to a large number of cryptocurrencies, the lowest fees, or the easiest experience. Once you choose an exchange you can sign up with the platform and begin crypto trading or investing.