Top 5 Cryptocurrency Exchanges And What Makes Them Great

Author : chals farade | Published On : 13 Apr 2021

Trading Cryptocurrency Can Be Quite Intimidating For Beginners. With The Vast Array Of Trading Platforms Available, Each With Its Pros And Cons, It Becomes Difficult To Identify The Best Fit For You. Below Is A List Of The Best Cryptocurrency Exchanges For Active Crypto Traders And Long-Term Cryptocurrency Investors In 2021. We Have Evaluated Each Cryptocurrency Based On The User Interface, Fees, Customer Reviews, Features, And Available Assets. 

Etoro 

Etoro Is The Best Overall Platform For Trading Well-Known Digital Currencies Like Litecoin, Ethereum, And Bitcoin. With More Than 18 Million Worldwide Users, Etoro Is One Of The World’s Major Cryptocurrency Exchanges. The Platform Has Facilitated The Execution Of More Than 20 Million Cryptocurrency Exchanges As Of Today. The Platform Is Used Across More Than 140 Countries And Ranks Top Among The Most Secure Crypto Exchanges. Etoro Offers 14 Of The Most Popular Digital Currencies Such As Litecoin, Stellar Lumens, Bitcoin, And Ethereum Classic. 

Binance 

Binance

This Is Currently The World’s Largest Trading Platform. The Average Daily Volume Of Transactions Is At A Whopping 2 Billion And 1,400,000 Transactions Each Second. This Cryptocurrency Exchange Was First Launched In China In 2017 By Yi He And Changpeng Zhao. It Later Relocated To Japan Due To The Strict Cryptocurrency Laws In China. Binance Boasts One Of The Lowest Transaction Fees And Prices In The Crypto Industry. Deposits Are Free, And Each Trade Is Charged A Meager 0.1%. Using Their Digital Currency, BNB Will See You Get A 50% Discount On Withdrawals. Binance Offers More Than One Hundred Trading Assets, Which Is One Reason The Platform Is So Popular. 

BlockFi 

Investors Are Quickly Warming Up To BlockFi Because Of The Numerous Advantages Of Trading On The Platform. Using BlockFi Does Not Require Any Minimum Balances, And Cryptocurrency Exchange Has No Hidden Fees. By Trading On The Platform, You Can Borrow Cash And Even Earn As Much As 8.6% Interest On Your Holdings. These Interest-Earning Accounts Offered By BlockFi Allow Traders To Earn Money On All Cryptocurrencies They Hold On The Platform. The Interest Earned On Crypto Holdings Is Paid Out Monthly And Carries A Compounding Interest. This Means Your Money Will Grow Exponentially. 

Prime XBT 

Prime XBT Is A Relatively New Seychelles-Based Cryptocurrency Exchange That Had Seen Massive Growth Since 2018 When It Was Launched. What Makes Prime XBT Appealing To Investors Is Its Low Transaction Fees And Vast Client Base From 150 Countries. The Platform Only Operates In A Few Select Regions Because It Is Mainly Unregulated. The Transaction Fees Are Significantly Lower Than Most Other Trading Platforms. Prime XBT Charges 0.05% On Cryptocurrency Trade And 0.1% On ForEx. The Onboarding Process Is Straightforward And Backed With Total Anonymity. To Register, No Significant Personal Details Are Required. 

Coinbase 

Coinbase

Coinbase Is Arguably The Best And Most Used Cryptocurrency Exchange In The U.S. One Of The Perks Of Using Coinbase Is Its Ease Of Use. This Has Helped The Trading Platform Grow To Be The Biggest Crypto-Broker Exchange For Popular Currencies Like Bitcoin. Since Its Establishment, The Platform Has Facilitated The Trade Of More Than $50 Billion In Cryptocurrency. In America, Coinbase Is Licensed To Operate In More Than 40 States. To Ensure Security For Investors, The Cryptocurrency Exchange Offers Insured Custodial Crypto Wallets As An Option.