How to choose a Crypto Exchange?
Firstly, how should you consider a cryptocurrency exchange? You chould choose the best cryptocurrency exchange for your needs by taking into account factors other than fees, such as: security, liquidity or trading volumes, learning resources, customer support, and if the token you are interested in is listed in the platform. It is also important to understand how your cryptocurrency is stored safe and if you have the option to move it to a digital wallet to take full control of it.
In this article, we are going give you five of the best cryptocurrency exchanges around what are the features they offer that make them the go-to exchange, especially for beginners.
Binance
As the largest cryptocurrency exchange in the world, Binance serves 150 million registered users across more than 180 countries. Binance is the go-to exchange for trading Bitcoin, altcoins, and other virtual assets because of its cheap fees and selection of over 350 cryptocurrencies.
Users of Binance can:
- Trade on margin, futures, and spot markets for hundreds of cryptocurrencies.
- Use Binance P2P to buy and trade cryptocurrencies
- Get interest on your cryptocurrency by using Binance Earn.
- Using Binance Launchpad, purchase or acquire fresh tokens.
- On the Binance NFT marketplace, you can trade, stake, and lend NFTs.
Security features include:
Know Your Customer (KYC) & Anti-Money Laundering (AML) protocols
Binance collaborates with suppliers worldwide to develop KYC protocols that adhere to regulations in various jurisdictions.
Multi-factor authentication (MFA
High-risk transactions, particularly withdrawals, will always require additional verification procedures.
Real-time monitoring
Binance employs cutting-edge machine learning and artificial intelligence technologies to identify suspicious behavior entering and leaving the platform in real time.
Dark web surveillance
Binance keeps an eye out for dark web markets and forums for the newest techniques of attack, possible dangers, and breaches involving the data of third parties.
Staff training
Members of our team are regularly trained on the newest frauds and social engineering techniques.
Advanced security tools for users
Notable tools include anti-phishing codes, withdrawal whitelists, alerts and notifications, and various forms of two-factor authentication.
Binance App is available for download on iOS and Android mobile devices, and as well as on Windows, MacOS, and Linux devices.
Create your own Binance Exchange account now!
Coinbase
Coinbase is one of the most well-known and well-regulated cryptocurrency spot exchanges worldwide. For high-volume trading, Coinbase offers a dynamic fee structure for users to get low execution costs. There are more than 120 different types of cryptocurrencies supported on the exchange platform and majority of these digital assets are the most popular in the world.
Trading fees in Coinbase depend on your account type, size of the transaction, and the size of the funding account. More factors such as your country/region, payment method, and the product will also affect fees.
Coinbase offers quite a few features which includes:
- Basic and advanced trading options
- A debit card for cryptocurrency purchases and incentives
- Users earn free crypto through Coinbase Earn program
- A cryptocurrency staking program
Coinbase also offers a digital crypto wallet called Coinbase Wallet. This app allows complete control over your cryptocurency assets, in contrast to storing them in an exchange like Coinbase. Check out our article on The Five Best Crypto Wallets in 2023!
Coinbase Exchange is also available on iOS and Android devices.
Why trust Coinbase?
Public Crypto Company – Coinbase operate with more financial transparency.
Customers’assets are held 1:1 – Coibase doesn’t lend or take any action with users’ assets without their permission
Personal Information – Coinbase only collects necessary personal data from customers and is transparent on what and why they collect them.
Encryption and security – The technology used by Coinbase was developed with state-of-the-art security and encryption at its core.
Account Protection – Coinbase provides powerful security features such as 2FA, password protection, enhanced account protections from data breach, and multi-approval withdrawals.
Customer Support – Get the help you need, when you need it with Coinbase’s contact and support team via phone or messaging.
Bybit
Bybit is a cryptocurrency derivatives exchange that aims to transform the current cryptocurrency market by fusing the greatest aspects of traditional finance with cryptocurrencies to create the safest, most dependable, equitable, and most user-friendly exchange in the world.
Bybit supports more than 270 spot digital assets and more than 200 perpetual & futures contracts. It is available in over 160 countries and 16+ languages with 24/7 customer support with dedicated live agents.
Bybit Suite of Products
Spot – Buy & sell crypto seamlessly — anytime, anywhere
Derivatives – Hedge, speculate & trade with optimized products &advanced tools
Copy Trading – Copy Trade on Spot & Futures, and grow your digital assets easily
Card – Experience the freedom of crypto spending, anytime, anywhere you choose
Buy Crypto – Get your favorite tokens in just three simple steps
Earn – Grow your assets with our secure, high-yield digital assets
Learn – Level up your crypto knowledge and stay on top of industry highlights
NFT Marketplace – Discover cutting-edge NFTs from creators worldwide
Web3 – Embark on the Web3 revolution with ease – Learn, Swap and Explore
Bybit Exchange is available in iOS and Android devices.
OKX
Serving more than 50 million users worldwide, OKX is the second-largest cryptocurrency exchange by trading volume. It is a global cryptocurrency spot and derivatives exchange. It is an inovative exchange with advanced financial services.
It provides a hundreds of tokens and trading pairs available in over 100 countries. It provides spot, margin, futures, options, perpetual swaps trading, staking, mining, and DeFi lending services. OKX has a utility token called OKB which allows users to access the crypto exchange’s special features like earning rewards and discounts on trade.
OKX offers low trading fees of 0.10% or less for most trades, high-interest staking opportunities, and easy way to buy cryptocurrency using a card, bank account, or digital wallet.
Industry-standard security procedures are followed by OKX, which stores the majority of client assets in cold storage. In addition, it provides other features like anti-phishing codes and withdrawal password setup.
OKX is available in iOS and Android mobile devices.
Gate.io
Established in 2013, Gate.io is a blockchain platform and global cryptocurrency exchange. It gained a position as one of the top ten cryptocurrency exchange in the world in terms of trade volume. It is a full-service digital asset exchange platform covering millions of users around the world. Users can trade with over 1,700 cryptocurrencies.
The company takes great pleasure in offering the highest level of security in the industry and in having undergone an audit to demonstrate 100% evidence of reserves. Gate.io is a global company that operates in the majority of nations and is dedicated to abiding by local regulations in each of those nations.
Products
- Spot Trading
- Leveraged Trading
- Leveraged ETF
- Futures Trading
- Copy Trading
- HODL & Earn
- Secured Loan
- Liquidity Mining
Technology
Cross-cryptocurrency address technology
By using the same address for all of the same cryptocurrency series, the user’s asset loss from erroneous deposits is essentially minimized. For instance, the addresses of ETH and ERC-20 tokens are the same as those of BTC and BCH.
Hot and cold wallet storage solution
A tiny percentage of digital currencies are kept in hot wallets, whereas the majority of assets are retained in cold wallets. This permits speedy withdrawals while guaranteeing the security of the user’s assets.
Multi-signature security protection technology
Multi-signature verification for asset withdrawals and routine user wallet backups. Even in the event that the server is damaged, all assets are readily restored.
Real-time asset sending and receiving technology
Supports fast withdrawals and deposits. When the blockchain network is busy, it uses dynamic trading fees to make sure that assets get into the account on time.
Go and signup a Gate.io account now!
BONUS!
Upbit
Having over 180 digital currencies and tokens listed and over 300 trading pairs easily accessible, Upbit Korea is the biggest cryptocurrency exchange in South Korea in terms of both trading volume and user base. Staking services, NFT Marketplace/Drops platform, and Upbit Exchange make up Upbit’s ecosystem.
Upbit has always put the security, dependability, and safety of its consumers first and provides a quick and safe trading experience through its user-friendly mobile apps and web platform.
Since the exchange’s introduction in 2017, Upbit has obtained a number of important security certifications, such as ISO/IEC and ISMS-P, attesting to its high standard of information security. With a specialized AML team for suspicious transaction monitoring and an industry-leading, 24/7 Artificial Intelligence FDS system, Upbit has both.
Mexc
MEXC is a centralized cryptocurrency exchange that offers futures, margin, and spot trading. The exchange, which was established in 2018, also provides leveraged ETFs, index ETFs, and quantitative trading. Products under the MEXC Earn category also include M-day airdrops, launchpad, ETH 2.0 Staking, MX-DeFi, and Staking. Credit or debit cards, international bank transfers, peer-to-peer trading, and third-party payment services like Simplex, Banxa, and Mercuryo can all be used by users to purchase cryptocurrencies.
More than 6 million individuals and more than 200 countries are served by the exchange. It is in possession of important licenses in the US, Estonia, and Australia.
