The Best Cryptocurrency Exchanges and Their Main Features
          

Today, the Internet offers limitless possibilities for working with digital currency, you can make a fortune on it in the same way as on stock exchanges, making a profit through value fluctuations. In this sense, crypto exchange is more promising, because the volatility here is higher than that of securities or raw materials.

For example, on the stock market, a trader made a profit due to a 9% rise in the stock price. In the virtual currency market, he can earn much more, because the digital currency can grow by 30% a day. Naturally, in order to conduct profitable operations with cryptocurrencies, one must have the necessary knowledge and experience.

Some traders trade on multiple exchanges simultaneously, earning not only from fluctuations in rates within one exchange, but also from their differences on individual exchanges.

Cryptocurrency exchanges can be used not only for trading, but also for buying currency there for investment purposes. Compared to traders, investors are more passive.

They periodically buy currency on exchanges for their investment portfolios, monitor changes in exchange rates, but are not in a hurry to sell immediately at the slightest increase in its price, counting on a significant increase in the price in the future.

Binance

Binance is one of the first among all platforms, both in terms of real trading volume and the number of active users. It features rich functionality and a good level of security.In addition to trading, it gives the opportunity to earn crypto in other ways - stacking, lending, IEO, futures trading. That's why you can often read in reviews from traders that it is one of the best cryptocurrency exchanges.

Everything in the Binance interface is simple, convenient and as intuitive as possible. For beginners who have never traded on any exchange before, a few minutes will be enough to understand the most essential aspects. If you plan to "hang" on the exchange for hours, making many transactions, you should study in more detail all its subtleties.

Bitcoin (BTC / USDT) has the largest trading volume on Binance, followed by Ethereum (ETH / USDT). The site also has its own BNB token, which can be used to reduce the cost of commissions and get other benefits.

There are many benefits to the exchange. Good reputation, large number of active users and liquidity. This is a guarantee that at any time it will be possible to quickly complete a transaction of the required volume. Moderate fees and the possibility of further reducing them using BNB tokens. This opportunity is especially relevant for those who increase their trading volumes on a daily basis. High level of safety, repeatedly confirmed by practice. Etc:

  • 700+ different pairs, including own token BNB.
  • Binance offers competitive commissions: 0.1% on each side of the trade, or 0.075% if you are using your Binance tokens (BNB).
  • Trust Wallet mobile application.
  • Bank transfer, debit/credit cards, various P2P payment channels.
  • The exchange launched CryptoSafe Alliance (CSA). This initiative will bring together exchanges, blockchain protocols, cybersecurity experts, and regulatory compliance companies. It is the first comprehensive threat monitoring and protection tool in a decentralized data exchange environment.
  • A free app is available in Google Play Store or the App Store.

Bittrex

The Bittrex exchange is one of the 30 largest trading platforms in terms of the turnover of funds and the volume of transactions made. A multi-level security system, a pleasant interface, many currency pairs and the ability to work with fiat money - this is what traders get.

Bittrex provides the ability to work with hundreds of pairs of assets, and also provides reliable storage of funds - almost all digital assets are in cold storage. Security is high, but it is unlikely that it will be possible to remain incognito here, since the platform requires a detailed verification of personal data.

Initially, the Bittrex platform worked as a service for exchanging various currencies, but now it is one of the largest crypto projects where you can trade almost any famous digital currency in the world.

Many people are wary of where they store their digital currencies, and this is undoubtedly correct. Millions of dollars have been stolen from exchange platforms in recent years, causing constant concern among users who store their funds on crypto exchanges. Luckily, Bittrex has one of the most stringent security measures you'll come across, let alone two-factor authentication:

  • 250+ pairs are available.
  • Topping up your euro account is available via SEPA credit transfer, international bank transfer, bank card. Fiat funds withdrawal is possible to a bank account using an international bank transfer, and for euros, a SEPA credit transfer is supported. The withdrawal commission depends on the chosen currency: in bitcoin, it is 0.0005 BTC, in Ethereum - 0.00600000 ETH. The site has a fixed fee of 0.25% of the total value of the order.
  • No crypto wallet.
  • Bank transfers, credit/debit cards.
  • Two-factor authentication (2FA), IP check, which requires an email confirmation of entry from a new IP-address, IP whitelists, Cold storage for 80%-90% assets.
  • There are two apps for Android and iOS respectively: Bittrex Global and Bittrex.

Coinbase

Coinbase provides customers with the ability to buy / sell cryptocurrency, transfer and convert funds. Coinbase is a beginner-friendly platform that is simple and intuitive to use. Today it occupies a dominant position in the market and is actively developing. The site operates in the legal field: in all regions of presence there are brokerage licenses.

The company was founded in 2012 in the USA. The founders of the exchange set a goal: to create a financial system that is safe and open to the whole world.

Coinbase is one of the safest platforms out there. By default, two-factor authentication is enabled here. In the "Security" section, there are several protection options. The creators of "Coinbase" spared no expense and time to create a truly convenient, functional and secure exchange with withdrawals. Despite the shortcomings, most of the reviews about the exchange are positive:

  • 20+ types of coins.
  • The rates charged for all operations under $200 are as follows: $0.99 - $2.99 - for operations from $0 to $200; for over $200, a fixed interest rate comes into play. Its size depends on the payment method.
  • You can pay funds that can be deposited and withdrawn using a bank card, transfer and a range of payment systems. SEPA transfers are available for EU residents.
  • Two-factor authentication. All website traffic is encrypted using the SSL cryptographic protocol.
  • All wallets keys are protected by AES-256 encryption. Only 2% of her clients' funds are stored online, and they are insured in case of loss.
  • Android and iOS app.
  • Free mobile and online wallet. The advantage of this wallet is that transactions can be made off-blockchain.

Kraken

Kraken is a fairly popular exchange known to both experienced traders and newcomers in the field. Kraken has performed well over the years and has been called one of the most reliable tools for trading digital assets. Over the past few years, the company has acquired a couple of small projects that provide exchange services. This significantly increased the company's influence and popularity of the site in European countries.

The official launch of the Kraken exchange took place in July 2011. The founder and CEO of Kraken is Jesse Powell. The company, which was first listed on the Bloomberg trading terminal, is headquartered in San Francisco.

In Western countries, the exchange has gained an excellent reputation due to the fact that it always tries to adhere to the laws. Until now, she has not been seen in any serious scandals. Moreover, the platform continued to function during those years when competitors closed one by one after the hacker attacks suffered.

The platform functionality is very good, there is also an API. Versions are supported both for obtaining public information and for trading. The platform interface has been translated into 10 languages, including Chinese and two versions of English. You can also trade from a smartphone on Android and iOS through a special application:

  • 8 tokens are available for.
  • Transactions under 50,000 units of a particular currency are subject to a commission of 0.16% for the seller and 0.26% for the buyer. For sums over 50,000 units, commissions are reduced to 0.14% and 0.24% respectively.
  • No crypto wallet is offered on the site.
  • Crypto wallets and money transfers via bank transfer. Deposit/withdrawal via bank cards is not available.
  • The exchange offers users two-factor authentication, PGP encryption, and global settings lock, which prevents any account changes within a certain period of time.
  • Kraken Pro and Kraken Futures applications.

BitMex 

BitMex exchange appeared in 2014, its name comes from three words: Bitcoin + Mercantile + Exchange. It is officially registered in the Seychelles and is headquartered in Hong Kong.

BitMex offers the largest market liquidity of any exchange. Ultra-low costs and minimum deposit requirements. Possibility to register in 30 seconds. BitMex is a peer-to-peer platform for the most popular cryptocurrencies. It has no analogues among other cryptocurrency exchanges, as it offers profit not only on the rise, but also on the fall of the market, makes it possible to use huge leverage and perpetual contracts.

Also, this site is distinguished by a large selection of professional tools for technical analysis, the ability to customize the API, significant anonymity (no mandatory verification), which is why it attracts traders from all over the world:

  • 50+ pairs for working.
  • BitMEX does not charge any fees for deposits or withdrawals. When withdrawing BTC, a minimum Bitcoin Network commission is applied; commissions for takers are 0.075% of the total order value, while makers are paid an additional 0.025% for each trade.
  • Crypto BitMEX wallet.
  • Beyond virtual currencies, BitMEX does not accept any other deposits.
  • Funds are stored in cold wallets; Two-factor authentication; Registration via SMS notifications; Multi-signature wallets for transactions; Email communications are encrypted using PGP encryption.
  • BitMEX Mobile launched in September 2020.

Bitfinex

Bitfinex has consistently ranked among the largest exchanges in terms of daily trading volume and is one of the most well-known platforms in operation at the moment.

The exchange is aimed at intermediate and advanced traders as well as institutions. It offers a wide variety of coins, trading pairs, and various options. Bitfinex aims to be a prime destination for experienced cryptocurrency traders around the world.

The exchange also allows you to fund your account using fiat currency and offers a variety of cryptocurrencies.

Bitfinex offers a robust, feature-rich and customizable platform interface that is reasonably modern and well-designed, but generally suitable for more advanced users. The main dashboard provides users with a number of tabs and various options, as well as a wide range of advanced chart analysis tools. The platform also provides a mobile app available for both Android and iOS users:

  • Over 140 coins and 280+ pairs.
  • No additional payments for deposits and withdrawals in digital coins. When you deposit USD, you will have to pay a commission of 0.1%, but not less than $20;Minimum fee for withdrawing fiat money is $60; With the minimum currency turnover per month, the fee is 0.1% for the maker and 0.2% for the taker.
  • Users are offered three wallets to choose from - Exchange Wallet, Margin Wallet, and Financing Wallet.
  • In addition to digital currencies, bank transfers and card withdrawals are available to users.
  • Only 0.5% of crypto assets are kept online to support daily transactions. The rest of the coins are kept in cold wallets out of the reach of hackers. For these wallets to become available, manual authorization of several members of the management team is required.

Poloniex 

The Poloniex exchange is one of the world's biggest platforms for buying / selling cryptocurrencies. It has the highest trading volumes for popular altcoins that can be exchanged for bitcoins. The site is constantly evolving - the daily turnover of funds is almost a billion dollars. The leading positions held by Poloniex exchange are largely due to concern for the convenience of traders. A large number of coins and pairs allow you to quickly create a portfolio of your choice and start trading.

Reviews of Poloniex, which can be found in abundance on the network, indicate that the exchange is easy to use and provides all the necessary analytical and trading tools.

A simple exchange of funds and margin trading with leverage is also possible. Members can issue and take loans at interest from other users:

  • 100+ currency pairs.
  • All deposits are allowed without any additional charges; The withdrawal fee is fixed, and it depends on the type of the currency; commissions are from 0 to 0.25%. Maker commission is from 0% to 0.15%; taker commission is from 0.1% to 0.25%. The higher is the volume of completed transactions in one month, the lower is the commission for all subsequently completed transactions.
  • Own Wallet.
  • Replenishment of an account with a bank card or withdrawal to a card are not available for users of some countries.
  • The administration highly recommends adding two-factor authentication to your account.
  • Mobile application.

Localbitcoins

LocalBitcoins is a P2P exchange for buying bitcoin for fiat money offline, electronic money online and some altcoins. It is considered a reliable platform for direct, decentralized exchange between parties to a transaction. It allows you to purchase bitcoin quickly using a variety of convenient methods.

Localbitcoins is not like other exchanges. No centralized exchange rate is used on this platform. Sellers and buyers decide for themselves at what price they want to sell or buy Bitcoin, and choose the exchange methods.

Exchange operations using Localbitcoins can be carried out both on the Internet and in person with the seller. The second option may turn out to be unsafe, since the platform in this case does not control the course of the transaction. Therefore, offline buying of digital currency is not always the most profitable option.

Since citizens of more than 200 countries work with the exchange, it is one of the biggest cryptocurrency exchanges for buying cryptocurrency for fiat money:

  • The service does not charge a commission from the buyer.  For sellers, there is a set commission of 1% on each sale.
  • Bank transfers, banking cards, electronic systems.
  • The security of the transaction is ensured by the escrow method, which has proven to be highly effective; User accounts are protected by two-factor authentication.

Kucoin

KuCoin is a relatively young representative of the cryptocurrency market: the exchange started operating in 2017. The model for creating a new trading platform was the first-rate exchange - Binance, which the creators of KuCoin are equal to. The exchange has its own KuCoin Share (KCS) token.

This site has a reputation as one of the most successful and has a high customer focus.

The main mission of KuCoin is to be a perfect exchange that is free from any regulators. That is why fiat, futures contracts and other trading instruments that require mandatory verification and compliance with international standards are not introduced on the exchange. Only cryptocurrencies are traded here. On the site, you can find both top cryptocurrencies and young projects.

The interface of the trading terminal is designed taking into account all the needs of professional traders. Here you can see a graph of price changes and market depth for different periods for the selected currency with the ability to fine-tune from TradingView, read the latest news about the exchange, see the available balance in the context of the selected currency pair, and see the statistics of the last concluded deals:

  • 200+ coins and 450+ trading pairs.
  • All deposits are free on the site, and there is a fixed fee for withdrawals; KuCoin offers a flat commission of 0.10%, which is less than the industry average.
  • Inner site crypto wallet.
  • A variety of payment methods supported by P2P fiat services.
  • The exchange offers you the option to set up two-factor authentication by Google Authenticator.
  • Mobile application.

Bitpanda

Bitpanda was founded in 2014 and is headquartered in Austria (Vienna). Now it is a popular trading platform and wallet for both experienced cryptocurrency users and newbies. Allows you to store and exchange over thirty digital assets.

Bitpanda focuses on two things - security and ease of use. The application is organized in an intuitive interface, a minimum number of actions is required from the user in order to perform operations.

The company provides a suite of products that enable people to buy and store digital assets, pay for goods and services, trade precious metals, and exchange digital assets. Bitpanda, which is regulated and monitored by the Vienna financial regulator, has over a million clients from all over the world. It also has over 130 employees.

BitPanda is an exchange specializing in buying and selling bitcoins and other altcoins in the Eurozone.

There is no doubt about the reliability of the site - all the necessary licences and security measures are in place:

  • Bitcoin, Ethereum and 30+ digital assets.
  • The trading commission of the service depends on the type of currency and the nature of the transaction. When buying bitcoins, you pay 1.49%, when selling - 1.29%.
  • Commission for replenishment and withdrawal is fixed for each coin and is debited from the account.
  • Bitpanda crypto wallet.
  • You can make a deposit either by bank transfer, credit cards or electronic payment systems.
  • Bitpanda refers to systems that independently manage user wallet keys. Besides, the following security measures are offered: fund cold storage session control. Every login attempt from a new device requires two-factor authentication confirmation, authentication and validation via email.

Paxful

Paxful is a decentralized online Bitcoin exchange. The site allows you to buy BTC using more than 300 payment methods. Basically, it is a 2p2 platform. This means that the site itself does not trade in anything, it only provides its services so that the seller and the buyer can find each other. That being said, Paxful gives you a free cryptocurrency wallet, password protected and 2FA. The developers of the project made it clear that we are dealing with a convenient and accessible platform that is as open as possible to our clients.

The exchange was founded in 2015 in the USA. Ambitious developers Arthur Shabak and Ray Yousef decided to create a peer-to-peer marketplace that would allow sellers and buyers to contact directly. Paxful acts as an intermediary (broker), providing a platform for interaction:

  • Bitcoin and Tether as assets.
  • Commissions are applied for crypto selling:0.5% for bank transfers; 1% for bank cards and e-payments; 3-5% for gift cards; No commission is charged for buying cybercurrencies; Paxful will charge a transfer fee for sending funds to an external wallet. $ 0 - $ 9.99 = 0.0001 BTC$ 10 - $ 19.99 = 0.0002 BTC;More than $ 20 = 0.0005 BTC.
  • The Paxful Wallet App makes it easy to store and manage coins with your mobile wallet.
  • More than 300 ways to buy coins, including bank transfer, credit and debit cards, PayPal, Western Union, and even Amazon, iTunes or Steam gift cards.
  • The security of the system is ensured by two-factor authentication, depositing and the obligatory verification procedure when working with large amounts.
  • Paxful Wallet for Android and iOS.

First of all, Paxful attracts with its simplicity and convenience. You can pay with Bitcoins using fiat money, using bank cards, electronic money, and even gift certificates. No other cryptocurrency exchange in the world has such opportunities.

Coinmama

Coinmama Bitcoin exchanger is located in Israel. The platform was first launched in 2013, and their website says it provides the ability to quickly and securely purchase cryptocurrency from anywhere in the world. In fact, it works in almost every country in the world.

Coinmama hit the market in 2013. From the very beginning, the uniqueness of the company was the ability to buy cryptocurrency using a credit / debit card. Coinmama was the first to offer this option, which attracted many interested buyers and thus quickly became one of the most popular exchanges in the segment.

Coinmama is a good choice for anyone looking to buy Bitcoin or Ether quickly and securely using bank transfer or credit card. The site does not store the purchased cryptocurrency in internal wallets, but immediately transfers the coins to your personal one, which is very good and makes you independent of any sudden troubles:

  • The website sells Bitcoin, Ethereum. Litecoin, Bitcoin Cash, Qtum, Ripple, Ethereum Classic, Cardano, Tezos and EOS.
  • The use of credit or debit cards implies a service charge of 5%. Besides, the charges 3.90% for buying coins and 0.9% for selling these.
  • No Wallet.
  • Credit/debit cards and bank transfers; It supports SEPA and SWIFT payments.
  • Coinmama is a reputable company with a secure site using Trust Guard and Comodo technologies. Both services have confirmed that 256-bit SSL encryption is actively used on pages containing personal information.
  • Mobile app.

HitBTC

HitBTC is a cryptocurrency exchange that has been successfully operating since 2013. The site was created by developers from Israel and Estonia under the leadership of Hit Techs Ltd. headquartered in Hong Kong. The popularity of HitBit has earned due to the minimum requirements for work and flexible trading functionality. 

A large selection of active trading pairs and the absence of restrictions on the amount of deposits and withdrawals increase the indicator of the profitability of trading activities. Users can be sure of the security of their accounts - during its existence, the exchange has never suffered from attacks and hacks.

The HitBTC cryptocurrency exchange invites traders to use all effective tools to analyze the market and increase the profitability of trading. Several types of orders with stop functions reduce potential losses and reduce slippage, while flexible, customizable charts help to accurately assess the market situation and trends in exchange rate fluctuations. A significant trading volume and a large number of active traders form the most objective and profitable market price for each currency pair. Participation in ICO campaigns opens up new ways to make money on promising projects and cryptocurrencies:

  • 800 currency pairs.
  • No commissions for deposits and a fixed commission for withdrawals depending on the coin; HitBTC uses a multi-level trading fee calculation system. The more a user trades, the lower his commission will be.
  • No crypto wallet.
  • The HitBTC exchange can be replenished exclusively with digital currency.
  • The platform provides 2-factor authentication, high-end encryption technology and cold storage of funds.
  • No application.

First of all, reliability is important to you. If there are at least some concerns about a particular cryptocurrency exchange (of course, based on reviews or something else besides intuition), then it is better to bypass it. Read more about the exchange on the official website and, if possible, use a demo account.