Carefully and patiently choosing a crypto exchange to buy or trade digital currencies is essential, especially if you are new to the crypto space. Going through so many options can be a hassle if you don’t know what you are looking for. In such a case, it can be time-consuming, stressful and even slightly intimidating to finalize a cryptocurrency exchange.
This is why it is important for all crypto enthusiasts, potential and existing, to have some idea of the platforms that are available in the market. This can give you an idea regarding the features and services they have to offer, which you can then match with your requirements and choose accordingly.
Therefore, here is a list of some of the biggest cryptocurrency exchanges in the market that are known on a global scale.
World’s Largest Crypto Exchange – Binance
Founded in 2017, Binance is based in Malta and is known as the largest cryptocurrency exchange in the world. Its significant growth is one of the many reasons why a great number of crypto enthusiasts have it in their lists.
It focuses a lot on ensuring that its customers are satisfied with the services and also with the security offered. It is also globally known for its impressive and transparent fee structure, according to which users are only required to pay 0.1% trading fee. This is one of the lowest and competitive fees in the market.
Therefore, if you are looking for the best crypto exchange then Binance can be a suitable option for you.
Bisq
Bisq is an advanced platform that makes sure every user gets utmost security for their funds. One of several reasons why it stands out is because it is a decentralized crypto exchange, launched in 2014.
Unlike other crypto exchanges, Bisq does not have a single headquarter but instead it has its servers set up all over the globe. This makes every transaction even more secure and makes it almost impossible for anyone to compromise the funds of the users.
If you are looking for the best exchange for crypto as a beginner then Bisq can be a good option for you. It supports more than 120 cryptocurrencies and enables the users to test other exchanges as well.
Coinbase
Coinbase is based in the United States of America and is known to be one of the biggest crypto exchanges in the country. It is one of the top choices of the crypto traders for several reasons. It supports more than 50 cryptocurrencies including Bitcoin and Ethereum and as a user of the exchange you can buy any of the available digital assets with U.S. dollars.
This crypto exchange has a strong security protocol and makes crypto investing and trading fairly easy for all interested parties, whether they are experienced or not.
Coinmama
One of the popular crypto coin exchanges is the Coinmama exchange. Launched as a digital currency broker in 2013, it now hosts around 2 million users all over the world. It has expanded its services to more than 188 countries.
It has a smaller number of digital assets as compared to its competitors, which amounts to 10 cryptocurrencies. It also supports several payment options and charges a 5% deposit fee and 5.5% purchase fee.
eToro
eToro is not a new crypto exchange, however, it has recently expanded its services to the USA. This exchange is one of the top platforms, thanks to the impressive services and features it offers to its users.
This exchange not only allows users to buy, sell or trade cryptocurrencies but it also helps them test the waters before actually trading with real money. This helps the beginners in practicing crypto trading so they get a good idea about what to expect and what to look for.
It houses only six digital assets, which is a very low number as compared to its competition. The cryptocurrencies available on eToro are:
- Bitcoin
- Bitcoin Cash
- Ethereum
- Litecoin
- XLM
- XRP
Gemini
Gemini is one of the safest crypto exchanges in the crypto market and is quite popular around the globe. It is a US-based crypto exchange that has been launched by Tyler and Cameron Winklevoss.
It is one of the exchanges that prioritizes the security of its users’ funds and makes use of technological security systems. It is also known for its good and transparent fee structure, which is a crucial aspect you should consider while looking for a suitable crypto exchange.
Conclusion!
Finding a crypto exchange that is according to your requirements and criteria can be easier if you have some idea of your possible options. Therefore, you should know about the platforms that are popular and offer good services. Some of the top digital currency exchanges are mentioned above with their details.
