Top 5 Cryptocurrency Exchanges
It is a Chinese company based in Tokyo, Japan. Due to regulatory problems, Binance shifted its operations from China to its neighboring capital, Tokyo. Binance is so far the leading virtual currency exchange globally by adjusted volume, and it also supports multiple altcoins than most exchanges do. This has therefore attracted most crypto investors trading in Bitcoin, Bitcoin Cash, and litecoin to explore the altcoins ecosystem.
Due to its popularity and good reputation, more coins aim to be listed or just to be announced on the Binance platform so as to expand their markets and be known to more people.
It is the largest operational cryptocurrency exchange in the United Kingdom and the United States. This massive cryptocurrency exchange has established licenses and bank accounts to operate in both states. Coinbase success comes from its reliable customer support, zero hack incidences, and also the ability to deposit and withdraw in traditional currencies/fiat currencies such as USD, EUR.
The exchange offers limited cryptocurrencies to trade, depending on the user’s location. Users based in the United States enjoy zero restrictions when transacting on the following cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic, Bitcoin Cash
Coinbase platform accepts debit and credit cards as forms of payments. The Coinbase Card a visa- based Debit card used to make purchases, is only available in the UK, but it is yet to be introduced in the US as per the announcement released by Coinbase’s CEO, Brian Armstrong.
It is one of the earliest cryptocurrency exchanges having been launched in 2011. It is the largest bitcoin exchange in euro volume and liquidity. The platform supports buying, selling, and trading of multiple coins such as Bitcoin, litecoin, Dogecoin, Ripple, Stellar, Monero as well as Ethereum. Unlike Coinbase, Kraken’s platform supports more fiat currencies, has a large area base, and it offers a number of trading feature like margin trading. It accepts credit card and bank transfers of fiat currency. Kraken users enjoy significantly lower transactions and deposit fees with a maker and taker fee of 0% to 0.26%.
Kraken has one major drawback. Its user interface is confusing, counterintuitive, and its website can be slow to process trades. The platform offers no mobile support, and it is thus recommended to traders with much experience in the crypto world.
It is a crypto-only platform that offers reliable and reputable services. It has a long list of coins (over 190) to trade but is far less on coin selection as compared to Binance. Bittrex supports large trade, but this comes with a slightly higher fee than Kraken. Its main success is the excellent customer service that has gained a good reputation over time.
Bittrex was an active target site for phishes and scams, but the company took a strict motive by investing heavily in security measures. It holds a majority of its funds offline, thus increase its security. There is no mobile app for Bittrex. Its user interface is less beginner-friendly but a lot smoother.
It entails an extensive list of tradable coins and unique assets. Initially, traders could deposit and withdraw large amounts of bitcoin without revealing personal details, but this has been drastically reduced to a mere two bitcoin a day.
Smart trade coin is a user friendly next generation cryptocurrency trading platform for both experienced and inexperienced users. This platform provides a powerful information tool that enables traders to trade several orders of magnitude more efficiently. Smart trade coin is the professional way to trade cryptocurrency since it requires minimum investment, is easier to use (having no special knowledge) required and you can enjoy automatic earning 24/7.