Investing in cryptocurrency may seem intimidating, especially for beginners. If you are planning to invest using digital assets in the near future, picking a reliable crypto exchange is essential to succeed in this endeavor.
However, with numerous crypto exchanges available nowadays, it can be hard to choose which one will fit your needs. All of them have different withdrawal and deposit fees, interface, digital currencies you can use and many more. Discover the best crypto exchanges in the industry that you can use this 2021 below!
What is a crypto exchange?
A crypto exchange site, also known as digital currency exchange (DCE), is a platform that helps people trade using cryptocurrency for other assets. In most exchange sites, you can easily trade between crypto coins or even fiat money.
Since there are a lot of crypto exchanges in the market today, it is just a matter of taking into consideration what your trading strategies and preferences are before choosing the crypto exchange site that’s best for you. Some of the most popular crypto exchanges today are the following:
Coinbase is one of the largest crypto exchange platforms in the world. Compared to most digital currency exchange sites, they support major digital assets for users to trade with, making it perfect for novice and advanced traders alike. By using Coinbase, you have the chance to use cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Altcoin and many more!
Coinbase makes sure that all of the traders’ assets are secured. With this platform, you can easily store digital assets such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin and more with its built-in wallet. Moreover, they offer users a simple interface that they can easily navigate for quick online transactions.
Cash App is a peer-to-peer money transfer system that is easy to use for digital transactions. It allows its users to transfer funds using their banking accounts or credit cards. Aside from that, it also has an intuitive interface so users can invest in stocks, ETF (exchange-traded fund), and cryptocurrency with ease.
Bisq is a cross-platform desktop app that can be used in trading fiat currencies and cryptocurrencies alike. In using this exchange, you can be sure that all of your private information is protected. Moreover, Bisq guarantees traders that they don’t have to wait for a long time to have their account approved for trading.
Founded in 2017, this crypto exchange was made particularly for altcoin trading. Aside from this, Binance also offers over 100 different digital assets for users to trade on their platform.
Moreover, they offer a crypto wallet so users can have a convenient way of storing the digital assets they just traded with. Aside from the wide variety of features they offer, they also have a crypto token called Binance Coin that you can purchase directly on their site.
Kraken is one of the most popular exchange platforms in the industry. One of the reasons it’s great is because traders can use their country’s currency for a faster transaction. They support different fiat currencies such as the U.S. dollar, Canadian dollar, Euro, and Japanese yen.
Kucoin was established in 2017 as a global exchange site for various digital assets. One of the best attributes of this crypto platform is its multi-language feature and 24/7 customer service setup, making it one of the most efficient platforms in the market.
Also known as ‘The People’s Exchange’, Kucoin has established its crypto exchange in different countries to allow crypto users all over the world to trade with each other easily. It operates in countries such as South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions situated in Europe.
Bithumb is a known crypto exchange based in Seoul, South Korea. They currently have 75+ active markets that support trading to different currency pairs like fiat-to-crypto and crypto-to-crypto. Moreover, this exchange only charges a 0.15% trading fee which is lower than the usual average of 0.25%.
Gemini is a platform launched in the United States in 2015 as a private, licensed exchange. It aims to provide traders with a simple and secure exchange site to buy Bitcoin, Ether, and other cryptocurrencies. Users can also trade with each other using fiat currencies.
Established in 2011, Bitstamp is one of the oldest crypto exchange sites where you can trade BTC, ETH, LTC, BCH, and XRP. It not only supports a wide variety of digital assets but all major credit cards like Visa or Mastercard as well. Moreover, Bitstamp has no hidden fees, allowing users to make the most of its services.
Bitfinex is a popular crypto exchange that was established in 2012. Owned and operated by iFinex Inc., it supports fiat trading, deposits, and exchanges for advanced traders.
Bitflyer is a private company in Japan that was established in 2014. It currently hosts 2.5 million users and is considered to be one of the largest cryptocurrency exchanges in the world. This platform supports Bitcoin and other top altcoins such as ETH, Ethereum Classic, LTC, and Monacoin.
Founded in 2017, Gate.io supports various cryptocurrencies like LTC, BTC, ETH, and others. This site offers quick deposits and withdrawals of cryptocurrencies with no deposit fee and low trading. It is also accessible via Android and iOS devices.
Huobi Global was established in 2013 and is currently one of the largest cryptocurrency exchanges that support Asian crypto investors. It allows the trading of altcoins such as LTC, ETH, and XRP.
Choosing the best crypto exchange provider
The world of cryptocurrency can be intimidating especially if you have no idea how to trade. However, with the top crypto exchanges of 2021, rest assured that you can start trading with ease and security.