There are several cryptocurrency exchanges that offer high trading volumes, liquidity and active trading. However, account safety is a major concern. Users must provide personal information to create a trading account. Many top crypto exchanges offer insurance in case of failure of the exchanges, but this protection does not apply when account information is compromised or stolen. Fortunately, users can overcome this concern by regularly withdrawing large amounts of money from their accounts. Listed below are some of the best exchanges for cryptocurrency traders.
Coinbase
Coinbase is one of the best crypto exchange options for beginners and experienced traders alike. With a broad selection of supported coins, secure custodial services, and a simple interface, it makes cryptocurrency trading easy for everyone. Coinbase has over 80 million users from over 100 countries. It is also available in every state except Hawaii. A Pro version of Coinbase allows traders to make more informed decisions with the help of charting tools and indicators.
The San Francisco-based Coinbase was founded in 2012 and is currently the biggest cryptocurrency exchange. It offers services to more than 100 countries and has over 89 million registered users worldwide. This exchange provides access to over 150 cryptocurrencies and is popular among newcomers as well as seasoned investors. Coinbase’s easy-to-use platform allows for easy transactions and offers a free amount of Bitcoin to users. The website looks similar to a banking app, so even people who are not well versed in crypto will find it easy to make the switch.
Gemini
Gemini is a cryptocurrency exchange that is open to residents of the European, Asian, Oceanian, and African continents. The exchange offers cryptocurrency spot trading as well as cryptocurrency-fiat pairs. It supports over 25 cryptocurrencies and more than 50 currencies. The Gemini website also provides support for the most popular currencies in the world, including bitcoin and ethereum. Its fees are higher than those of other exchanges, but these fees are often justified by the fact that the site is open to US residents.
Another positive about Gemini is its security measures. Although it does not offer FDIC insurance, Gemini uses multi-layered security measures to protect its customers’ funds. Gemini stores a majority of your crypto investments offline in a cold storage facility, which is protected from hackers and fraud. A minor amount of your investment is stored online in an online hot wallet, which is protected against hackers and fraud. Gemini also offers a range of support options, including live chat and email support.
Bittrex
There are many benefits to using Bittrex for your cryptocurrency trading. First and foremost, it offers low transaction fees and a simple, user-friendly interface. You can easily enter and execute orders using the range of supported order types, including limit, market, ceiling, and stop orders. Additionally, you can also use the Instant Buy And Sell option to purchase tokens quickly. Another great feature of Bittrex is its fee-free withdrawals.
Founded in 2014, Bittrex is a Seattle-based cryptocurrency exchange. The team has over 50 years of combined experience in the industry. This exchange ranks among the top 15 largest in the world and charges a low flat rate of 0.25% for every trade. Their fee policy is simple and straightforward, and they support a large number of crypto pairs. This makes Bittrex an excellent choice for those concerned about U.S. government regulations on cryptocurrency exchanges.
eToro
eToro is an online cryptocurrency exchange. To buy or sell cryptocurrency, users can use X1 leverage. Once purchased, the amount will be credited to their native cryptocurrency wallet. When purchasing cryptocurrency, the user must accept the terms and conditions of eToro’s Addendum on Cryptocurrencies before they can begin trading. Depending on the currency they are buying, the fees may vary.
eToro started as an ordinary broker, and users can buy and sell assets there. Since it was not launched as a dedicated cryptocurrency exchange, it has low minimum deposit requirements. For US users, the minimum deposit is $100. For everyone else, the minimum deposit amount is $200. Withdrawals cost $25 plus banking costs. As an added bonus, eToro is also easy to use. This is an ideal option for beginners and advanced investors alike.
Kraken
The Kraken crypto exchange is one of the leading trading platforms for cryptocurrencies. The company is led by Jesse Powell, a San Francisco native who helped to change the fate of billions of people across the world. The company aims to make cryptocurrency trading as convenient as possible by allowing people to transfer crypto coins from bank accounts to digital wallets. In recent years, the Kraken has become a top choice for those looking to make a profit in the crypto space. Its selection as the first global exchange for bitcoin trading on the Bloomberg platform is a testament to the company’s success.
In order to open an account with Kraken, you must meet certain criteria. Your name must match the name on your bank account. Once you have verified your identity, you should choose the currency you wish to trade. Choose funding methods, such as credit cards, bank transfers, and bank wires. Then, copy the bank account information from the receiving bank, paste it in the appropriate section of the receiving bank, and complete your KYC. It takes as little as two minutes to verify your identity, but higher verification levels can take several days.
BitMart
If you’re looking for a good cryptocurrency exchange, BitMart is worth considering. This exchange was founded in 2017 and ranks among the world’s top 20. It offers 50x leverage on futures trading, almost 60 popular cryptocurrencies, and several hundred other cryptocurrencies used for transactional purposes. Unfortunately, the exchange was hacked in December 2021, but it has since pledged to return stolen assets to its users.
Despite the exchange’s lack of experience, BitMart has incorporated many of the best features from other crypto exchanges. Their user interface is straightforward and easy to use, and the fees are competitive. But they haven’t been around for long, so they haven’t caught up with their competitors yet. Users have also complained about authentication issues and glitchiness. As with any other exchange, BitMart offers a variety of security features to protect customers’ funds.
