Top 10 Cryptocurrency Exchanges to Buy or Sell
Cryptocurrency investing has grown in popularity in recent years. Additionally, one of the easiest and safest ways to begin adding digital assets to your portfolio is by using a crypto exchange.
Cryptocurrency exchanges are online platforms that allow the purchase or sale of cryptocurrencies. They can be used to trade one type of cryptocurrency for another, exchange a fiat currency for cryptocurrency, or to buy and sell cryptocurrencies.
There is a wide range of best cryptocurrency exchanges. Some exchanges are ideal for newcomers, while others cater to experienced traders. This article will discuss the top 10 cryptocurrency exchanges to buy and sell.
1. Binance
Binance is the world’s largest crypto exchange by trading volume. It was founded in July 2017 by Changpeng Zhao, a former technical expert at Blockchain.com and co-founder of OKCoin. To date, Binance has processed more than $6 billion worth of trades on its platform and has over 10 million users from more than 180 countries worldwide.
It is also the first crypto exchange to launch its Binance Coin (BNB) token. BNB was created to provide users with a way to pay for all transaction fees on the Binance platform and get discounts for using it to pay for certain services like listing fees.
The company is headquartered in Hong Kong and has offices in multiple locations, including Tokyo, Singapore, and San Francisco.
2. eToro
eToro is a social trading and investment platform that offers a variety of features to its users, including educational resources and the opportunity to copy trade. The company was founded in 2007 by Yoni Assia, Ronen Assia, David Ring and Guy Hirsch. With a 25 million strong user base, eToro separates from its rivals by providing a copy trading function that allows users to imitate the positions of more seasoned peers.
Since its inception, eToro has been committed to providing an alternative trading experience for traders who are looking for access to more sophisticated investments in a simple way. They have also introduced “copy trading”, which allows traders to copy the trades of leading investors without having any knowledge of finance or investing.
3. CoinSmart
CoinSmart is a cryptocurrency exchange based in Canada. It provides 24*7 support. It is equipped with a thorough identity verification process to identify forged birth dates or addresses. It uses a database that the data collection companies have made available. Users get cold storage for each cryptocurrency. CoinSmart accepts various payment methods, including Interac, SEPA, wire transfers, and all cryptocurrencies.
4. Coinbase
Coinbase is a digital currency exchange headquartered in San Francisco, California. It operates exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
Coinbase has been operating since 2013 and has grown to serve over 10 million customers with a total of $20 billion worth of digital currency exchanged.
The company offers several services, including:
- Buying/selling digital currencies
- Digital currency wallets
- Merchant tools
- Bitcoin trading platform
- Bitcoin Mining (cloud mining)
- Ethereum trading platform
5. bitFlyer
bitFlyer was founded in 2014 and is one of Japan’s largest crypto exchange platforms. It was founded by CEO Yuzo Kano, who has a background as a software engineer and a former Goldman Sachs trader. The company name is derived from the terms “bit” and “flyer, ” meaning someone who accepts risk and trades with it.
bitFlyer offers Bitcoin trading services to individual traders, corporate customers, and institutional clients such as hedge funds. In November 2017, bitFlyer became the first Bitcoin exchange to be granted a license by JFSA to operate as a Virtual Currency Exchange Service Provider (VCESP).
On bitFlyer, there are no fees associated with buying and selling cryptocurrency in euros, and there are minimal trading costs on the professional Lightning exchange. BitFlyer is one of the best cryptocurrency exchanges for those on a tight budget because you can start with a purchase of just €1.
6. Gemini
Gemini is a cryptocurrency exchange that lets you buy and sell over 90 cryptocurrencies. It was founded by the Winklevoss twins – Tyler and Cameron Winklevoss. The Gemini exchange is headquartered in New York City, United States. The New York State Department of Financial Services (NYSDFS) regulates the company.
Gemini is one of the few cryptocurrency exchanges regulated and compliant with all relevant regulations. This makes it an attractive option for many traders looking for a reliable trading platform.
7. Crypto.com
Crypto.com is a well-known global cryptocurrency exchange. This exchange supports over 250 cryptocurrencies and 20 altcoins and operates in over 100 markets. The company was founded in 2016 by serial entrepreneur Kris Marszalek, the company’s CEO.
He had an idea to create a reliable cryptocurrency exchange with a strong focus on security and customer service. Crypto.com has been operating since 2017, but it has grown to be one of the most popular exchanges globally, with more than $1 billion in daily trading volume.
Crypto.com’s mission is to “empower every individual on Earth to own their economic freedom” by providing access to cryptocurrencies and other financial services, such as credit cards and loans, currently unavailable for many developing countries.
8. Nexo
If you don’t want your crypto to sit idle after you buy it, Nexo is widely regarded as the best crypto platform for wealth creation. On your cryptocurrency and stablecoins, you can receive up to 17% daily interest payments.
Nexo excels at growing and compounding its users’ wealth without requiring them to lock their digital assets in staking vaults or saving pools. Once deposited, cryptos begin earning up to 12% per year, and stablecoins earn returns of 8%. Earnings rise in proportion to the amount of NEXO in the portfolio.
9. Bitstamp
Bitstamp is a cryptocurrency exchange that offers to trade between Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin. Bitstamp was founded in 2011 by Nejc Kodrič and Damijan Merlak.
Bitstamp is based in Luxembourg and has grown over the years to become one of the world’s largest exchanges for trading between Bitcoin and fiat currencies. The company has faced several security issues, which have led to its temporary shutdown. However, it has since recovered from these attacks and currently offers services to more than 200 countries worldwide.
10. BlockFi
The last crypto exchange on our list is BlockFi. BlockFi is a digital money lender that offers loans in the form of cryptocurrency. The company was founded by Zac Prince and Jered Kenna, both well-known names in the cryptocurrency industry.
BlockFi’s online application process is straightforward and user-friendly. It also has an easy-to-use dashboard that provides all the information you need about your account and loan repayment plan.
Conclusion
The cryptocurrency market is volatile, and you need to be careful when investing. However, if you research and follow the guidelines, you will have a much better chance of success.
In conclusion, it is evident that there are many exchanges available to buy and sell cryptocurrencies. The best option for you depends on your location and what type of currency you want to trade in.
