Top 10 Best Cryptocurrency Exchanges: Where To Buy And Sell Crypto

Cryptocurrency has become an important medium of investment. There has been an increase in the number of investors trading in cryptocurrency. The quantity of return on cryptocurrency is so high that it is worth the risk. Since it has become possible to exchange cryptocurrency and coins and reap the benefit of trading, different platforms recognized as cryptocurrency exchanges have been launched. 

These exchanges are digital platforms to mitigate the gap between the buyers and the sellers of digital tokens. They help to settle the transactions in cryptocurrency. This model is similar to the stock exchanges, where the security and options of various legal and corporate entities are listed. 

What is the function of the cryptocurrency exchange? 

A cryptocurrency exchange helps to list all the available cryptocurrencies and tokens so that potential investors and traders can enter and exit the market at the right time. It is nothing but a kind of software that helps manage every potential investor’s trading portfolio comprehensively. They help to deal with Bitcoins, Ethereum, Dogecoins, XRP, and many others. 

There has been an increase in the number of operational and operational crypto exchanges for investors. The list of these options has been summarized in the following way.

Binance

This is one of the largest exchange platforms, with a reported trading volume of USD 11,205,138,814. It has the largest user base and deploys total assets worth USD 49,307,105,530. It helps to settle transactions of 76 million dollars in 24 hours. Users can easily buy and sell Crypto Assets and tokens in a hassle-free way on this exchange. The ecosystem contains different types of swap options and nonfungible tokens. Around 350 cryptocurrencies have been listed on this exchange so far. 

It was launched in 2017 by a Chinese company. It had the potential to become the largest exchange in the world within 180 days. However, it is not accessible across all countries. It is restricted in the countries of the United States of America and Singapore. It offers a user-friendly platform for all traders to settle transactions. 

It allows traders to transact business with the recently launched 0 trading facility. After a given volume of trade has been executed successfully, a 0.10% fee is charged. It even provides the option of margin trading to investors. It is the most observational exchange for the time being. 

Coinbase exchange

It is the second largest crypto exchange platform, with a trading volume of USD 1,467,980,789. This is the best investment platform to exchange and invest in digital tokens and cryptocurrency. It even offers the support of a digital wallet to make it easy to manage to trade on the exchange comprehensively. Around 150 digital coins are listed on the coin base. These include bitcoin, MATIC, USDT, and ADA. 

It is very easy to operate coinbase, accessible in around 100 countries. It charges very less fees for all transactions. It usually ranges between 0% to 0.40%. To transfer the funds into the wallet, an investor must pay a minimum fee of $10. It is technically a very cheap option available 

The customer can easily multiply their earnings by 3X. It even offers the opportunity to trade marginally on the platform with the help of stakes. The user base has grown with time due to these beneficial options. 

Kraken

This is also a very popular Crypto exchange. It supports a trading volume of USD 541,443,229. It sponsors the active supply of 31000 coins. Investors can use digital tokens to pay very low fees and commissions. It even allows traders to participate in marginal trading and coin staking. It deals in hundred types of cryptocurrency and assets.

It is the only exchange that allows traders to participate in derivatives and index products. Users can also pool their funds in non-fungible tokens. It has an active user base of 8 million—many international Institutions and clients, such as digital currency groups and blockchain capital, support this exchange.

It is operational in all the countries except for Washington. It actively promotes the settlement of transactions with the help of Its easy interface. It charges a nominal fee for different services. The basic instant services are offered at a charge of 0.9%. These fees can increase to 0.16% when the trading volume exceeds by 30 days. It is a good investment opportunity for many investors looking for short-term trade. 

Kucoin

This exchange platform currently reports a spot trading volume of USD 368,142,237. It deals in the total valuation of assets which is around USD 2,247,896,876. It has been made with a very intuitive design. It can support a building p2p exchange which promotes future trading and swap options staking. Around 20 million users are active in this ecosystem.

It can support around 700 cryptocurrencies which could be easily dealt with. These include Bitcoins, USDT, ADA, XRP, and DOT. This exchange helps to purchase Crypto tokens and crypto assets with the help of a Debit Card and Credit Card. One can easily exchange digital assets for cash with the help of instant cash swipe Technology.

The class of the token decides the fee charged for the trading volume. It charges 0.30% for Class A tokens, 0.4% for Class B tokens, and 0.5% for class C tokens. It does not charge any money for depositing and withdrawing any crypto tokens from the exchange. The users have to pay these fees before they begin trading. 

Bitstamp

This is a US-based crypto exchange that has reported a successful spot trading volume of 135 million dollars. Around 7700 tokens are actively in circulation on this exchange. This exchange is accessible in around 100 countries. It offers an easy and convenient way to execute the trade and transactions hassle-free.

Customers can get access to 78 types of digital assets. New investors can avail of multiple types of services such as educational resources and trading tools. It also offers a competitive reading platform to access the staking program and Tradeview. The exchange is regularly audited by the compliance companies of the European Union and the United States of America.

If the trading volume exceeds $1000, then it charges a minimum fee of 0.05% and if the volume is less than this benchmark, then no fee is charged. It does not deduct any additional charges for the transactions carried by Debit Card and Credit Card. Currently, it does not support any kind of margin trading. 

Bitfinex

It helps to settle trade in assets worth USD 6946 million. It has reported a trading volume of 170 million in just a matter of 24 hours. This exchange was launched in 2012. It owns the famous stablecoin, the Tether. This is a centralised exchange platform. It is able to support almost every kind of cryptocurrency and offers multiple products for professional traders.

Investors can easily participate in spot trading and marginal trading. They can also enrol in an investor program. Users can indulge in margin funding and over-the-counter trading and exit at a margin. It has access to 70 countries for the time being. It has listed tokens on its platform. These include Bitcoin and Ethereum tokens as well. 

It deals in cryptocurrency and Fiat coins. The maker fee for them is 0.1%. It charges 0.065% for undertaking all the transactions in derivatives. At the time of selling, the exchange offers a discount of 15% to the customers. The popularity of this exchange has increased with time. 

OKX

This is a centralized exchange platform that has generated A trading volume of 862 million dollars. It has listed the Crypto assets as 6500 million dollars. Millions of users are connected on this platform to trade with simple and spot options. Investors can trade in swaps and products like stable coins and crypto loans. 

It also supports a wallet which is a web portal to web 3. It supports many decentralized applications on 13 networks overall. This exchange also has its blockchain network, the OKX chain. It was launched in 2017 with 350 cryptocurrencies listed on it. It even transacts the trade in pairs. It supports tokens such as SOL, MATIX, and AAVE. 

It follows a market-taken and market-maker model. The former transactions charge a fee of 0.1%, and the latter category of transactions charges a fee of 0.5%. But when the transaction volume increases, this additional commission is automatically not charged at all. 

ByBit

It is able to support a market capitalization of 265 million with a total supply of 15000 coins in the market. It monitors assets worth USD 2355 dollars. It was founded in 2018. It has been able to cater to 10 million active users. More than a hundred assets are traded on this platform. It offers multiple products in derivatives and perpetual, including usdc options. It is an emerging marketplace for non-fungible tokens. 

This exchange provides access to 300 spot trading pairs. The major chunk of the transactions is carried in BTC, ETH, BUT, SOL and APE. The exchange has even launched many launchpad projects. It has partnered with Formula Racing teams as well. 

It offers a user-friendly platform to deal in multiple securities at one time. Users can even leverage their trading by 100 times. It is only based on the maker model and charges 0.1% for spot trading and 0.6% for future trading. The popularity of this exchange is increasing over time. 

Bitthumb

This cryptocurrency exchange is the largest exchange in South Korea. It is able to report a daily trading volume of 205 million. It offers customer support to 15 million investors worldwide that actively deal in 170 listed securities. The exchange connects investors worldwide and offers a 24/7 trade monitoring system. It complies with all domestic and international transactions. 

This exchange allows the users to treat with a registered account only. It has expanded its operation to 21 countries. It has been able to support around 280 trading pairs. Users can easily purchase, sell and deal in different types of cryptocurrencies at a minimum payment of 0.25% commission. This commission is based on the total sale amount and is not charged after a given level. 

This platform does not allow the investor to leverage The returns with the help of margin trading. It is a safe and secure option to invest in. That is why it is becoming the most favourable exchange platform. 

Gemini

This exchange platform has been able to witness the highest amount of growth in a span of 4 years since its Inception. It is a centralised exchange which is regulated by The Financial Services Department of The United States of America. It complies with all the regulations and offers authentic 21 crypto trading pairs to all investors. It is suitable for beginners and professional traders.

This exchange platform has reported a total exchange of USD 20 million. It offers multiple projects and products to the investors such as exchange, wallet, Clearing and custody. The operations have been extended to 60 countries. It is the only exchange which has been offered soc type 1 security certification. It helps to keep the account of all the investors and traders safe and protected against unauthorized access. 

It helps to offer a very user-friendly domain. The ecosystem however charges fees on different accounts such as custody fees and active trader fees. This amount is 0.3% of the trading volume. Most of the investors benefit from this Commission only after they cross the trading volume of $1000.

Conclusion

All these platforms have been able to make it easy for investors to trade in cryptocurrency over a period of time. They help to offer multiple investment options and tokens under one view so as to make it easy for the trader to deal in all the assets over a period of time. Many more cryptocurrency exchanges are gaining popularity in terms of trading volume and the number of assets reported. This is helping to expand the exchange of cryptocurrency