Top 8 Cryptocurrency Exchange That You Should Use to Trade

cryptocurrency exchange

The astronomical growth of cryptocurrencies over the last decade or so has triggered a lot of public interest. People are willing to invest in cryptocurrencies to earn both short term as well as long term profits. In other words, the practice of buying and selling cryptocurrencies has become more prevalent than ever before. Interestingly, apart from professional traders, the general population including entrepreneurs, corporate professionals, as well as students are becoming increasingly aware of the prospect of cryptocurrency trading. However, it is important to note that efficient cryptocurrency trading requires a well-equipped cryptocurrency exchange. 

The quality of a cryptocurrency exchange can be judged based on the following factors – number of supported coins and trading pairs, the available payment methods, the quality of customer support, the reasonability of trading fees, security standards, user interface, among several other factors. Based on the aforementioned aspects, here is a comprehensive list of the Top 8 Cryptocurrency Exchanges where you can buy, sell, and trade cryptocurrencies. 

 

1.   Binance

Binance is one of the leading and most popular cryptocurrency exchanges. Headquartered in Beijing, It has a global presence and accepts users from all over the world. Binance has set up several third-part collaborations through which it allows the buying and selling of cryptocurrencies with credit cards as a payment method, thus making it extremely convenient for users. Binance offers several services to its users. These include P2P Trading, Credit/Debit Card supported crypto trading, SEPA/Wire Transfers, Spot Trading, Margin Trading, Derivatives & Futures Trading, Binance Visa Cards, Binance Liquid Swaps, Crypto Loans, Binance Smart Pool, Binance Financing, etc. Sign up and create a Binance account to learn more. 

 

2.   Coinbase

Based out of the USA, Coinbase is one of the most used cryptocurrency exchanges in the world. It is particularly popular among new crypto traders and enthusiasts, as the platform is equipped with an extremely simple and easy to use interface. Coinbase is highly decentralized in nature and provides advanced trading features for a wide range of cryptocurrencies. The platform is equipped with several products that facilitate institutional trading, wallet facilities for retail investors among several others. One of the main reasons behind its popularity is the fact that Coinbase offers a high degree of liquidity, thus preventing users from the downside of crypto volatility. Sign up and create a Coinbase account to get started. 

 

3.   FTX

FTX is highly popular for its derivatives cryptocurrency trading facility. Launched in May 2019, FTX has already established a significant trading volume for itself, suggesting that crypto traders are finding enough value in its offerings. It is equipped with a wide range of products including Bitcoin options, approximately 20 perpetual swaps, MOVE contracts, prediction markets, and more than 45 leveraged tokens. FTX is equipped with several other attractive features like fiat currency transfers, debit card deposits, more than 100x leverage, and institutional services like OTC desk, liquidation funds, deep liquidity, etc. Moreover, FTX accepts users from all over the world and provides customer support in more than 20 languages. Sign up and create an FTX account to get started. 

 

4.   WazirX

WazirX is India’s largest cryptocurrency exchange by trading volume. Founded in 2018, the exchange has already onboarded more than 2 million users from across the world. The platform is equipped with advanced features like passcode security, autofill pricing, price-tracking charts, instant deposits & withdrawals. WazirX also has one of the simplest user interfaces, thus making it convenient for all trader classes to seamlessly use the platform. Moreover, the exchange offers mobile as well as web applications for trading purposes. Most importantly, WazirX enables users to invest in global cryptocurrencies through its Binance app integration. Sign up and create a WazirX account to start trading. 

 

5.   Changelly 

Founded in 2013, Changelly is one of the most established non-custodial cryptocurrency exchanges. It hosts an extremely simple user interface and supports close to 200 cryptocurrencies for trading. One of the most interesting features of Changelly is the fact that it does not store any personal information as well as the cryptocurrencies that are traded on the platform. Users are required to use their own crypto wallet and Changelly supports numerous wallets to choose from. Apart from offering a wide range of advanced trading tools, Changelly charges very low crypto to crypto exchange fee. While its fiat to crypto exchange rate is slightly on the higher side, Changelly accepts three major fiat currencies from traders – US dollars, British pounds, and Euro. Sign up and create a Changelly account to start trading. 

 

6.   ByBit

ByBit is one of the most popular leveraged cryptocurrency exchanges in the world. The exchange is specifically suitable for leverage trading and offers upto 100X leverage on BTC/USD and ETH/USD trading pairs. It is also equipped with perpetual contracts corresponding to crypto spot prices, an efficient fiat gateway, mobile application, and TP/SL (Take Profit/Stop Loss) orders. Moreover, ByBit allows users to use its platform and trade in a wide range of cryptocurrencies including BTC, ETH, LTC, XRP, BCH, LINK, XTZ, etc. The trading fee and withdrawal fees are also at par with industry standards, thus making ByBit one of the most lucrative cryptocurrency exchanges. All in all, ByBit presents a well-rounded trading opportunity to both amateurs as well as professional traders through a well-balanced portfolio of advanced trading tools and risk management functionalities. Sign up and create an account on ByBit to get started. 

 

7.   Gate.io

Gate.io is one of the oldest cryptocurrency exchanges with a global presence. It serves a large section of the crypto community with an established foothold in major markets like that of USDT, CNYX, BTC, ETH, and time-limited markets. The exchange supports more than 180 cryptocurrencies for trading and is equipped with several advanced trading features including but not limited to spot trading, margin trading, perpetual swap contracts, borrow funds, margin lending, among others. Moreover, Gate.io supports a very reasonable trading fee of 0.20% making it one of the most attractive trading platforms. Sign up and create a Gate.io to start trading.

 

8.   CEX

CEX is a global cryptocurrency exchange that supports cryptocurrency trading in more than 80 digital assets including Bitcoin and Ether. It is also one of the first crypto exchanges to offer fiat to crypto transactions through card payments and bank transfers. Apart from being suitable for beginners, CEX is also well-equipped to offer institutional services for businesses as well as professional cryptocurrency traders. Some of the prominent features of the CEX exchange are margin trading, staking rewards, crypto-backed loans, advanced order execution tools, 24/7 customer support, and web & mobile (iOS and Android) applications.  Sign up and create a CEX account to start instant trading at a trading fee as low as 0.2%. 

 

These are the top 8  cryptocurrency trading exchanges as per our review based on parameters like the number of supported coins and trading pairs, the available payment methods, the quality of customer support, the reasonability of trading fees, security standards, user interface, etc. You can follow this guide if you are looking to start or enhance your journey as a crypto trader. However, we suggest you conduct adequate research before investing and trading your cryptocurrencies on any exchange.

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