An overview of crypto exchanges Although we ha v e a whole separate article on a crypto exchanges basis which you can check here .But still, for the newcomers here, let us tell you what crypto exchanges are and what role do they play in trading because duh! That’s what we love to do — feed you guys with delish crypto knowledge.
“A crypto exchange is a platform, or call it a marketplace where you can buy and sell cryptocurrencies, like Bitcoin, Ether, or Dogecoin.”
⮞ You can use exchanges to trade one crypto for another — converting Bitcoin to Litecoin, for example — or to buy crypto using regular currency, as the U.S.Dollar”.
⮞ You can also convert cryptocurrencies back into the U.S.Dollar or another currency on an exchange, to leave as cash within your account.
What to consider before choosing your crypto exchange? All of these factors are considered obligatory while selecting an exchange in the crypto market to ensure that your crypto neither falls in the hands of fraudulent exchanges nor gets in the way of financial shenanigans.
⁍ Security
⁍ Volume
⁍ Verification (KYC) Process
⁍ Number of Coins and Number of Fiats
⁍ Commissions
We have gathered some top-notch crypto exchanges of 2021 so you don’t have to.
Worldspectrum from Pexel: a picture that truly depicts the crypto and its imagination Binance.US Worldwide the biggest exchange with high liquidity, good services, and low fees.
Apart from its fan following rate and good reputation in the trading world, Binance also ensures that its fee structure is pretty reasonable.Binance allows you to buy cryptocurrencies directly from your bank account through its feature of wire transfers.
This particular exchange is known to be easy in operation with a huge variety of services they provide.
KuCoin One of the biggest exchanges worldwide, 1 on 4 traders bought their crypto here.
The exchange only traded in crypto to crypto back when it was initially launched in 2017, now the company has started providing several services.On this exchange, you will be able to purchase coins directly with your debit/credit card.
Isn’t this awesome?
About the fees here? You will have to pay a fee of 0.10% for each transaction made on the exchange.The platform doesn’t continue charging for deposits or withdrawals.
CoinBase At CoinBase, users are allowed to scheme and schedule their currency trading on a daily, weekly, or monthly basis.
With their advanced charting, multiple trade options, and low fees, it’s a great choice for managing your crypto portfolio.
You can also benefit from Coinbase margin trading which is a short-term loan, enabling you to borrow money from your broker to make several more trades.
Coinbase features a growing list of over 25 cryptocurrencies.
Gemini Gemini has strong security measures to minimize the risks of hacking and provides you with over forty cryptocurrencies to choose from.An easy and plain interface for starters making it super user-friendly, blended with many modern and up-to-the-minute options for active traders.
Gemini caters to high-end services.
Kraken Kraken is also based on a very high-security strategy, it automatically checks all addresses for errors.Due to its regulatory compliance and American headquarters, Kraken is a good option for professional traders and institutional investors as it enables them to buy and sell assets in a single click.
For any queries or help, you can reach out to their support team via live chat.
BitStamp It is one of the oldest exchanges.
Provides an attractive commission policy for clients with large trading volumes, and for some high-volume traders, there are no commissions at all.
This exchange comes with the possibility of investing cryptocurrencies in gold.
BitFlyer Founded in Japan in 2014.BitFlyer exchange deals with 5–8 popular cryptocurrencies, which involve bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others.
Institutional investors can apply for a corporate account that has extra benefits and features.
It allows users to buy cryptocurrency with either dollars or yen.
Crypto.com Crypto.com has much to cater to, including its coin that is the ‘CRO coin’.The more CRO you’re wishing to stake (aka deposit with Crypto.com), the greater the benefits.You can earn up to 8% cashback on purchases with Crypto.com Visa Card.
It takes zero fees to send crypto to other users with a mobile app separate NFT platform Crypto.com is accessible to 90+ countries.Exchanges have a separate world of their own.They are limitless, each with jaw-dropping facilities to provide.Make sure you choose the right and trustworthy one for your crypto, after all, they store your assets.
Tell us which exchange got most of your attention and can feature your exchange or company too.
Contact us: [email protected]
Also, let us know, how much you’re getting from this series.Follow us on LinkedIn and Twitter .<
