The best cryptocurrency exchanges for trading cryptocurrency.

Cryptocurrency is an important tool for many investors. To sell or buy crypto, exchanges are needed. These are special platforms that significantly simplify the entire earning process. 

To choose the right option for yourself, it is necessary to use the ranking of crypto exchanges. There are other criteria for selecting the best crypto exchanges (for example, with low fees or the best in terms of transaction speed). In general, the top crypto exchanges can help quickly choose a platform for buying and selling crypto. 

Rating of cryptocurrency exchanges: TOP best

The ranking of the best exchanges is based on criteria such as convenience or fees. Also, the top largest crypto exchanges may include new platforms that are just developing but already offer new advantages for users. Usually, the top 10 reliable crypto exchanges will help to sell or buy crypto, reducing the Time spent on choosing such a platform. 

First of all, cryptocurrency exchanges are key platforms through which the buying, selling, and exchanging of digital assets takes place. This means that without an exchange, you cannot buy or deposit crypto. It is a necessary intermediary. 

With the growing popularity of cryptocurrencies, the number of exchanges is increasing, and it is becoming increasingly difficult for users to choose a reliable and convenient platform for trading cryptocurrencies. The difficulties in this sense relate specifically to the abundance of such platforms. However, if we talk about the top, it usually includes well-tested exchanges. 

What criteria indicate the quality of such a platform: 

1. Reliability and security. This is one of the main criteria when choosing an exchange. Verified platforms ensure a high level of security to protect users' funds. 

2. Fees. Each exchange is accompanied by a fee. It is important to consider the transaction fees (trading), for withdrawals and deposits, to understand the real costs of exchanging cryptocurrency.

3. High liquidity of the exchange allows for quick buying and selling of cryptocurrencies at the most favorable market prices.

4. Supported currencies. Different exchanges offer different sets of cryptocurrencies for trading. If an investor is interested in trading not only popular assets like Bitcoin, Ethereum, Litecoin, but also less common tokens, it is necessary to ensure that the exchange supports them.

5. User interface convenience plays an important role, especially for beginners. A simple and intuitive interface helps avoid mistakes when making transactions.

Good exchanges operate from countries where crypto is actively used. Such platforms comply with legislation, and users can be assured of the protection of their funds.

Good exchanges also have constant customer support. This will help primarily beginners but will also be useful for experienced investors. 

Binance

If you need the most popular exchange currently operating, it is undoubtedly Binance. 

Binance is one of the largest and most popular cryptocurrency exchanges in the world. It has been actively functioning since 2017 and has become the most popular over these years. 

What Binance can offer:

1. Relatively low fees. Binance offers some of the lowest fees in the market. The standard trading fee is only 0.1%, and when using the Binance Coin (BNB) token, users receive a 25% discount.

2. A large catalog of cryptocurrencies. Binance supports over 500 different cryptocurrencies and tokens, including rare assets, making it one of the most diverse exchanges.

3. One of the highest liquidities. With a huge trading volume, Binance offers high liquidity, which is especially important for large traders.

4. The exchange uses various protection protocols. Interestingly, after a hack in 2019, the company improved its security measures and compensated users for all lost funds.

5. In addition to trading, it is possible to participate in staking, crypto lending, and other DeFi services on the platform.

Overall, this exchange is quite versatile. But it has its disadvantages. Binance has faced a number of legal issues in various countries, which may create restrictions for users in certain jurisdictions. That is, in some countries, it is simply not possible to use this exchange. 

For a beginner, this exchange is quite complex to understand. The platform has many tools, but you can quickly get confused in them. 

Coinbase

This is another platform actively used by investors. It is one of the oldest. The exchange was founded in 2012. What are the advantages of the exchange: 

1. Ease of use. Coinbase is an excellent platform for beginners.

2. Coinbase uses cold storage for 98% of users' funds, significantly reducing the risks of hacking. The company also insures the assets stored on the platforms.

3. The exchange is regulated in the USA and has all the necessary licenses, making it safe for American users.

The exchange also allows for purchasing crypto with fiat. That is, various traditional currencies can be used. 

Coinbase has its drawbacks. Unlike Binance, Coinbase charges relatively high transaction fees—up to 1.5% per transaction. Additionally, the platform has some restrictions on crypto. 

Kraken

Another popular platform for buying and selling crypto. Kraken is a cryptocurrency exchange that was founded in 2011.

Advantages of the exchange: 

1. Kraken has one of the best security systems in the industry. 

2. The platform supports trading using fiat currencies (traditional money). 

3. Kraken offers competitive fees starting from 0.16% for makers and 0.26% for takers.

The platform has a large number of tools. However, it also has its drawbacks. First of all, it is not very user-friendly. There are also some limitations in customer support. 

KuCoin

KuCoin is an exchange that quickly became one of the leading cryptocurrency platforms due to its low fees and a large number of available cryptocurrencies. It is quite popular among beginners. 

KuCoin offers access to over 600 cryptocurrencies and tokens, including rare assets. The platform also has low fees and offers many additional services. The platform provides services such as staking, crypto lending, and participation in IEOs.

The exchange also has a mobile app, which is very convenient if you need access to crypto on the go or elsewhere. In terms of disadvantages, KuCoin is not as strictly regulated as Coinbase or Kraken. That is to say, there are some risks. There are also limits on fiat that can be used. 

Huobi Global

Huobi Global is one of the largest exchanges in Asia, founded in 2013, offering a wide range of cryptocurrencies and tokens for trading.

The most important thing is that the exchange supports over 500 cryptocurrencies and tokens. This is a significant advantage, especially for beginners. 

As for the disadvantages, the exchange has access restrictions. Due to regulations, the exchange may be unavailable to citizens of certain countries, including the USA.

Bitfinex

Bitfinex is one of the oldest and largest cryptocurrency exchanges, aimed at professional traders. This means that beginners will find it challenging with this exchange. 

OKX (formerly OKEx)

OKX is one of the leading cryptocurrency exchanges offering a wide range of trading and investment tools.

Among the advantages of the exchange are the variety of trading pairs and many trading tools. 

Among the disadvantages are restrictions in fiat currencies and ongoing limitations. 

Bybit

Bybit is one of the best platforms for trading cryptocurrency derivatives. The exchange is popular among traders who want to speculate on price movements of Bitcoin and other assets. It will not be easy for newcomers with this exchange, but the platform has many advantages. Therefore, it is definitely worth taking a closer look at. 

First of all, Bybit has quite high liquidity in the market. Bybit is one of the leading platforms for trading futures and other derivative instruments on cryptocurrencies.

The exchange also offers low fees. They are among the lowest for trading derivatives. The simplicity of the platform is also an advantage. Even beginners can quickly figure out how it works. 

As for the disadvantages, the platform has limited support for spot trading and a complete lack of support for fiat deposits.