To battle in the market with crypto one needs to know the market adequately, as well as, open an account in a crypto exchange. Whether someone is an amateur in cryptocurrency or an avid trader, one needs to have basic information about the best crypto exchange, and their pros and cons.
In this article, there will be a list of the top 10 crypto exchanges to invest in. Keep on reading if you’re interested in knowing the real-time ranking of cryptocurrency exchanges in 2023.
- Kraken
During the crypto Paleolithic era, Kraken was founded in 2011. Kraken is a Bitcoin trading platform widely popular for its simple user interface. Inexperienced crypto users can easily get access to it and start trading. The active exchange makes it easier to sell and buy at the marketplace.
Kraken has top-notch security, low trading fees, and a library of available cryptos. The maker’s fee for this trading platform varies from 0% to 0.26%. These lower fees make it a better alternative to Binance whose fees vary with the VIP level.
Pros of Kraken
- Sophisticated features such as margin trading
- Best customer services, phone support, and chatbot
- Low Bitcoin withdrawal fees
- Publishes informational material on cryptocurrency
Cons of Kraken
- Not available in all the 50 states
- Crypto staking isn’t available to the U.S. residents
- Only accepts a few fiat currencies
- Gemini
Gemini is an American based digital company which allows to buy and sell the digital assets with ease. The 2014-founded cryptocurrency trading company is built for crypto users of any skill level.
Various unique features including the Gemini Earn Program are stationed for its users. It helps in earning interest over Gemini credit cards and crypto holdings. Furthermore, Gemini is available in all 50 States and highly committed to all U.S regulatory compliance restrictions.
Pros of Gemini Exchange
- Intuitive user interface
- Available in all 50 states
- Gemini users can earn crypto reards with the company card
Cons of Gemini Exchange
- While not doing spot trading, there’s a convoluted fee structure
- Unavailability of popular crypto coins
- Limited customer services
- Crypto.com
Crypto.com is a cryptocurrency exchange corporation supporting trading, staking, investing, wallets, NFTs, tokens, and various other features. In 250 different countries, crypto.com offers reasonable fees and discounts. This application is available on computers’ desktops as well as on Google’s Play Store.
The platform also offers unique perks including unique perks, crypto rewards, utility tokens Cronos (CR) to pay fees abs earn benefits while utilizing Crypto.com visa cards. Moreover, 100% of crypto is fully backed 1:1 in this trading company assuring the safety of the assets.
Pros
- Trading few discounts
- Visa debit card available
- Get 8% cash back on crypto.com
- Limited margin trading
- Higher cyber security ratings
Cons
- Lower volume trading results in higher trading fees
- KuCoin
KuCoin is renowned for providing massive altcoins at low fees. Due to this reason, various people prefer it over other crypto exchange companies. Moreover, it has various best features such as free trading bots, margin trading, and futures.
The platform has its headquarters in Seychelles and isn’t yet licensed by the U.S. However, U.S. residents can utilize it and it has a growing membership base from Asian countries.
Recently, KuCoin is receiving poor ratings and negative reviews from its users. The users of KuCoin claim that there are errors while making deposits, the withdrawal process, and customer support. However, these issues might be fixed soon.
Pros
- Numerous tradable currencies
- Competitive trading fees
- Volume discounts on trading fees
- Advanced features such as margin and future trading
- Accepts debit and credit cards
Cons
- Not licensed in the U.S.
- Funds in the platform are not certified
- In 2020, suffered a major hacking incident
- Coinbase
Coinbase is an American trading company. Coinbase has the largest cryptocurrency market in the United States by its trading extent. The company is well known for its cash and hosted cryptocurrency balance service free of charge.
It’s built for convenient and easy trading, hence, one new to the cryptocurrency space should prefer it over other companies. Furthermore, it offers robust security measures to keep the digital assets of its valuable users safe.
While trading, it blocks suspicious accounts and allows the user to secure cash on FDIC-secured accounts. This lets the user trade cryptos and connect via the bank account to avoid hoaxes.
Pros
- User-friendly interface
- Easy trading process
- Strong user reviews
- Verified security
- Allows users to stake various currencies
Cons
- High convenience fees
- Not available in all 50 states
- Binance
Binance is known for being the Top No. 1 global crypto exchange in the whole world. The Binance company was founded in 2017 by Changpeng Zhao., a Chinese-born Canadian businessman and software engineer. One can have access to all the advanced crypto features; investing, morning, trading, staking, referral program, and mining trading through it.
While actively trading crypt and keeping them in exchange, Binance is the best choice for this purpose. There are no transactions frees in it. However, the users are charged for the stretch between the buying and selling prices.
Pros
- High security
- Low exchange fees
- Easy to sell and buy
- Mobile application
- Access debit and credit card
Cons
- Difficult to understand
- Tech issues
- High commissions
- Slow processing speed
- Gate.io
Gate.io is the best crypto exchange if one is looking to buy lesser-known cryptos. Moreover, it’s suitable for experienced traders rather than amateurs. Gate.io has over 1300 cryptos, with advanced features and trading access to various countries.
In the fall of 2013, it was founded in the Cayman Islands. Gate.io is recognized among the best 20 crypto exchange companies. Gate.io charges 0.2% spot exchange fees and no deposit fee charges are there.
Pros
- Low fees
- Hugh security services
- User friendly
- Good quality customer service
- Massive navigation
Cons
- High fees
- Slow processing speeds
- Tech issues
- No mobile application
- OKX
OKX is a top cryptocurrency company in the crypto market, trusted by millions of users. One can buy, hold, trade, and mine popular cryptocurrencies with competitive trading fees over 180 regions globally.
OKX offers advanced cutting-edge crypto technology. One can exchange hundreds of tokens and trading pairs anytime, on spot, margin, and secondary markets.
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Pros
- Low fees
- Good customer reviews
- Mobile application is available
- User friendly
- Huge navigation system
Cons
- Costly fees and limitations
- High Commissions
- Poor customer service
- Difficult to understand
- eToro
eToro is a European crypto exchange company authorized by Cyprus Security Exchange Commission (CySEC). Additionally, it’s authorized by four different types of regulators. The company doesn’t operate publically with a bank and had a trust score of 90% from 99% from its users.
eToro’s minimum exchange amount is $10 if done through a debit card or a bank account. Apart from that, it’s accessible to 140-plus countries in the world.
Pros
- User interface
- Availability of credit and debit cards
- Congenial customers service
Cons
- Tech issues
- Slow processing speed
- High commissions
- PrimeXBT
PrimeXBT has a simple user interface, with reliable and fast processing. This crypto exchange is suitable for both amateur as well as experienced or professional users. The PrimeXBT members can trade over 30 assets with considerable leverage.
Not only that, but it also provides the best crypto tools, real-time market data, top-notch security, liquidity, reliable and efficient trading system.
Pros
- Agreeable customer services
- Low fees
- Congenial security services
- User friendly
- Availability of mobile application
Cons
- Difficult to understand
- High commissions
- Tech issues
- Verification issues
- Poor customer services
Comment below about your top rankings of 10 crypto exchanges.
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