Beginning with the great appearance of Mighty Bitcoin in the finance sector, the cryptocurrencies have created a tremendous ecosystem which hosts hundreds of numerous exchanges, crypto wallets, broker services and analysts. Due to its speculative nature and high volatility all of the cryptocurrencies have passed through depreciation and appreciation called bubbles and busts. Although they have been highly criticized for being a Ponzi scheme- even after all these years, cryptocurrency admirers who believe in a decentralized financial world have never stepped back investing on these assets. The sudden changes in the market also became a perfect platform for easy money chasers. This is a slippery area where a crypto coin can cost nuts now and tens tomorrow or vice versa. In such a competitive industry with no stability, it is highly likely to win and lose in a short time. Blended with excitement, appetite for a great amount in a blink of an eye and belief in being a currency of the next generation, cryptocurrencies and crypto currency exchanges look like they will keep their popularities for a long time.
So are you interested in investing in cryptocurrencies and asking yourself “What are the top cryptocurrency exchanges?”? No worries! We have listed 7 of the best crypto exchanges with high reliability and prestige among cryptocurrency investors.
1-Binance Crypto Exchange
Undoubtedly, when the subject is cryptocurrency Binance Company is the first one coming to our minds. Being established in 2017 by a foreseer developer, Changpeng Zhao, Binance has achieved to be the largest cryptocurrency exchange in the world in terms of daily trading volume of cryptocurrencies. Traders can convert their assets into both other crypto currencies and fiat currencies.
This is the platform where you can find almost all cryptocurrencies in the market. Comprehensive selection of coins include Binance’s own crypto coins, Binance Coin (BNB), launched June 2017 and Binance Smart Chain launched September 2020. The users can pay the transaction fees and trading fees via Binance Coin.
Today the company moved its headquarters from China to outside of the country due to the Chinese government’s heavy regulations against cryptocurrencies. Binance has been facing serious investigations by the financial authorities nowadays. However, it is still one of the most prestigious and trustworthy crypto exchanges worldwide.
2-Coinbase Crypto Exchange
Coinbase exchange is one of the largest exchanges in the financial sector with its trading volume. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam. Being American-originated, unlike many crypto currency exchanges, Coinbase has the licenses to operate in the United States and Canada. It is possible to buy, sell and store different cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. Although the selection is a bit limited compared to Binance, it has multiple extra services for crypto enthusiasts. Coinbase provides products for both retail and institutional traders. Furthermore, an API (Application Programming Interface) was launched for merchants and developers to create new applications for digital currencies.
3-Kraken Crypto Exchange
Just like Coinbase, Kraken is also one of the United States-based exchanges. The Kraken Company was founded in 2011 and since then it has succeeded to be in the top list of crypto currency exchanges. Here you can trade between cryptocurrency and fiat currencies under the exchange rate price from Bloomberg Terminal. Another plus of Kraken is its jurisdiction area. The company is licensed to operate in 48 US states and 176 countries. At the time of writing this article, it is possible to find 72 cryptocurrencies available to buy and sell.
4-Gemini Crypto Exchange
Founded in 2014 in New York City, Gemini was created by Winklevoss twins who were mostly known to have sued Mark Zuckerberg over the trademark of Facebook.
Since its launching in October 2015, it has been serving top-quality cryptocurrency services in 50 U.S. states and more than 50 countries. The Gemini application has a basic interface for newcomers whereas old boys can utilize its ActiveTrader platforms. Gemini is generally criticized with its considerably high trading fees. But to be fair, safety measures and insurance against online breaches makes Gemini Company unique for crypto investors.
5- WazirX Crypto Exchange
Cryptocurrencies are one of the most popular assets in India. This is the main reason why many exchanges target this large market and try to gather Indian cryptocurrency investors. WazirX is one of the best crypto currency exchanges in India. It is headquartered in Mumbai and owns its native token (WRX). Thanks to the intuitive approach of WazirX, the company serves a functional website which can be used on desktop and mobile devices. Plus, WazirX is appreciated for its fast signup and verification process.
6-Bitstamp Crypto Exchange
Bitstamp has been serving cryptocurrency investors since 2011. Besides being a highly reliable establishment with enhanced encryption of data and dedicated customer support, the company is also famous for its seamless cold wallet service. Additionally, the customers will have the opportunity of low flat-rate trading fees and costs under $20,000.
7-KuCoin Crypto Exchange
KuCoin is another successful name in the cryptocurrency exchange sector. Since it was founded in August 2017, the company has shaped a colorful platform with over 200 cryptocurrencies and 400 markets worldwide. It is possible to find almost all cryptocurrencies to buy, sell and store here. Considering its bank-level security, user-friendly approach and good selection of crypto services including margin and futures trading, it is not surprising why KuCoin is so popular. Furthermore, it is possible to use its native KuCoin Shares (KCS) tokens to pay trading fees inside the exchange.
In Conclusion
In this article, we have mentioned about 7 reliable Cryptocurrency Exchange Platforms known for their large cryptocurrency selections, solution-oriented customer services and smooth trading. Depending on your crypto currency choice, residential country and investment amount and trading attitudes, you can prefer one of them meeting your needs.
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