Cryptocurrency has witnessed an exponential increase in popularity over the last few years. In order to trade it, you need to do it on the right crypto exchanges. Since the field is relatively new, there are a lot of chances of fraud as well. In this post, we will talk about the best crypto exchanges for you to trade on. Let’s get started.
The Most Trusted Cryptocurrency Exchanges
Founded by CZ in 2017, Binance is a site with a 24-hour trading volume of $37 billion, according to 2021 data. The site stands out as the world’s largest cryptocurrency exchange, as it provides a very active service in terms of security and user experience. Binance, which has 28 million daily visitors, has hundreds of cryptocurrency options and offers the opportunity to exchange 876 different currencies. Binance, which also offers fast transactions and instant deposit and withdrawal services, has millions of users. Binance is the flagship name among crypto exchanges.
Vienna-based crypto money exchange Bitpanda, which has been in the crypto money exchange business for a long time, is a platform where most users can buy Bitcoin with credit card, EFT or money order. Bitpanda, which has managed to reach a large transaction volume thanks to the trust and flexibility it provides to its users, acts in accordance with all laws in force in the countries it serves.
Bitpanda, which offers a very useful infrastructure for those who are new to crypto money trading, has a quick buy feature. You can easily buy the packages they prepared as 5, 10 and 25. The biggest disadvantage of Bitpanda, which offers many features such as fast processing, easy use, high-level security measures, complying with licenses and regulations, and detailed graphic analysis, is that it has no other option than 50 altcoins. However, we can say that it is a reliable virtual currency exchange where you can buy easy money.
Bitpanda exchange, where you can easily buy and sell more than 50 cryptocurrencies, especially BTC and Ethereum accordance to EU security standards, also offers reliable service to all customers with AML5 and proof of funds. Working with the international customer recognition provider Onfido, the firm authenticates with KYC (Know Your Customer).
Gate.io is known for supporting almost the largest crypto asset options of any cryptocurrency exchange, currently over 1,200 coins. In addition to providing a platform for crypto money investors to trade in digital currencies, this platform also provides its users with specific information about the cryptocurrency markets; It allows you to view various prices of a wide variety of altcoins paired with the 4 main cryptocurrencies Bitcoin, Ethereum (can be traded using ethereum code), USDT and QTUM.
The exchange, which offers discounts and privileges for holders of GateToken, the native cryptocurrency of the platform, does not have an interface as simple as Binance or Coinbase for inexperienced investors or beginners, but still, a large number of tradable coins and competitive price options make it more convenient on a centralized exchange. It makes it a good platform for advanced traders who want to follow little-known coins.
Gate.io supports more than 1,200 cryptocurrencies, so we can say that you can find almost any coin you want to buy on this platform. The low 0.2% transaction fee, no deposit and withdrawal fees, user-friendly platform, and support for a wide variety of cryptocurrencies are fantastic features. The company, which is very sensitive about security, is further secured by using SSL encryption technology, and there is an option to enable 2-factor authentication by the customer. In short, the Gate.io platform provides real-time market information to its users. You can view information such as the current price, trading volume, liquidity and price movements of all altcoins supported by the platform.
Coinbase Pro, based in the USA and serving in San Francisco, California, is one of the most reliable names in the industry. With close to 5 million visitors daily and a 24-hour trading volume of over $2 billion, the most reliable Bitcoin site Coinbase Pro is a name that draws attention with its low commission fees among the best crypto exchanges.
We can say that Coinbase Pro, which has the features that users want most, such as buying Bitcoin with a credit card, great user interface, multi language support, fast transaction and easy-to-use features, has no disadvantages except for its low mobile experience.
One of the most reassuring points is that CoinBase Pro has a BitLicense registered with the New York Department of Financial Services. This stock market, which is mostly preferred by experienced investors, still has an easy interface and a quality theme that beginners can easily learn.
KuCoin, which has managed to become one of the most reliable Bitcoin sites in terms of fast and reliable transactions, is a top-level cryptocurrency exchange serving more than 100 countries. The platform, which has been operating since 2017, manages to become one of the popular crypto money exchanges thanks to the trust and easy-to-use feature it gives to its users.
The disadvantage of the platform is that Kucoin, which has many user-experienced features such as fast and reliable Bitcoin purchase, high transaction volume, credit card and Bitcoin purchase, has been hacked once since its establishment.
Standing out with its extremely low transaction fees, KuCoin is the largest decentralized cryptocurrency with its powerful API interface, 24/7 support line, hundreds of different cryptocurrencies, a private network set by Amazon Web Services Cloud, its own currency called KCS connected to the Ethereum protocol. It is known as one of the stock exchanges. KuCoin is also frequently preferred by analysts, who are called the best cryptocurrency commentators today.
Bitfinex, which was established in Hong Kong and has been one of the most reliable Bitcoin sites in recent times, with its emphasis on user security since its establishment, is a name that has more advantages than other exchanges in many ways. The management of the crypto money exchange, which is accepted as the owner of Tether (USDT), by Ifinex INC is also one of the factors that increase its confidence.
Bitfinex, which has an easy and useful interface, provides easy trading with most coins having pairs. We can say that Bitfinex, which offers many advantages such as margin trading option, advanced purchase order feature, and the option to buy Bitcoin with a credit card, has no significant disadvantages except for the long approval period and the best crypto money application API connection requirement.
Bitfinex, thanks to the high level of liquidity it offers to its users, allows you to easily trade cryptocurrencies with minimum slippage. In addition, the stock market, which offers funding for investors using leverage, also brings the opportunity to earn extra income. On the other hand, thanks to its customizable interface, you can choose the theme that suits you and arrange your screen the way you want.
Bitstamp, which is among the firsts of the cryptocurrency exchange, is among the most reliable exchanges. The Slovenian-based but EU-licensed Bitcoin site is an exchange that prioritizes user experience since its inception and offers 167 coins and 318 trading pairs. Bitstamp, which focuses on certain cryptocurrencies, is one of the names that draws attention with its easy-to-use interface.
Bitstamp exchange, where you can easily deposit and withdraw money from anywhere in the world, offers premium access to crypto trading for both individuals and institutions with high liquidity, reliable order execution, and continuous uptime. Thanks to its high-performance FIX and HTTP APIs, Bitstamp has options such as setting up your own trading interface or deploying your algorithmic strategy, and you can contact the premium 24/7 customer support platform offered by phone or email.
America-based Kraken, which is the fourth largest cryptocurrency exchange in the world according to Coinmarketcap data, provides services in 176 countries in 48 states in the USA. The Bitcoin site, which has been in service since 2011, is a name with a much higher volume than other exchanges in terms of transaction volume. Offering 226 trading pairs for 49 Coins, Kraken is a cryptocurrency exchange with a very high volume in terms of trading volume.
The disadvantage of Kraken, which is one of the most reliable and very good BTC sites in terms of security and user experience, is the long maintenance periods, although it requires English language support, the privilege of fast transaction, and the privilege of being familiar with.
We can say that Kraken, which is shown among the unique and good exchanges, especially for beginners, has thought of all kinds of alternatives for users to deposit and withdraw money easily. On the other hand, the site offers global support to all its members 24 hours a day, 7 days a week; 2FA (Google Authenticator and Yubikey) maximizes security with PGP signed and encrypted email for secure communication.