Top Cryptocurrency Exchanges

I’ve already covered how to buy cryptocurrency in the previous post, but for me, one of the most exciting things about this new world is to try and figure the next winner, the next Bitcoin or Ether.

Therefore I have to know and use various cryptocurrency trading sites to have access to those new undervalued, unhyped tokens and coins.

Currently, I am using around 20 exchanges, and some of them really suck – both in usability and security.  So, I won’t recommend starting with that number, but rather stick to the best, proven to be working cryptocurrency trading sites. Which one to consider? Here’s the list of possible options:

#1 Binance

Currently considered as the best cryptocurrency trading platform by many participants in the field. It has a very user-friendly interface and works really fast. The day-trading volume is huge (as for today it’s the 2nd largest exchange in BTC trading volume) – so there’s a better chance that you buy or sell at the price you want.  The number of coins listed is long and at the moment of writing includes 116 currencies – bot well known and most common along with some rare yet undervalued. Every time new currency hits this exchange – the price will almost double as opposed to other trading platforms – all due speculations. So unless you are not there every second of the day in most cases it makes sense to wait for some time – a day, or, sometimes, for a week or so till the price will stabilize.

Fees are low – 0.1% trading fee – and if you own platforms native currency – BNB  – you’ll get a 50% discount. Withdrawal fees are adjusted regularly according to the blockchain conditions. I personally always find it tolerable.

Want to give it a try? Join here while registration is open (they sometimes close it due to the high demand).



#2 Kucoin

My personal favorite –  very user-friendly interface, fast, fully functional mobile app for trading on the go, and lots of tokens and coins of pretty amazing projects: low cap gems. Volume is big, support is friendly. No brainer.

 

Want to give it a try? Join here while registration is open. 

#3 Gate.io

Gate.io is much less crowded exchange. But it’s also easy to use and definitely among the safest ones – they are using Offline Bitcoin Wallet Technology and secured SSL connection. They also have a decent mobile application, but I would recommend sticking to a desktop trading yet.

Check the video below to familiarize yourself with Gate.io interface and trading process.

Trading fees are a bit high – 0.2% per trade. But the greatest thing about this exchange is that you can purchase cryptocurrency “penny stocks.”  They currently list about 150 currencies, and a good share of it is unknown low-cap cryptos. How cares that you paid 0.2% of trading commission of  $1 trade, when, if you’ve made the proper research there’s always a chance that you’ve stumbled upon a new Bitcoin (or at least Neo).

Also, you can get 10% off discount on all their trading fees for 12 months is you’ll sign up using this link.

Or just register on Gate.io without a fee discount here.

#4 Bitmex

Bitmex is not the largest exchange regarding volume or number of available trading pairs, but it’s great for those who want to try margin trading.

What’s so amazing about margin trading  – it makes it possible to leverage your trade and boost your profit by a lot. Although, you must remember that your risk is also increased. At the moment of writing Bitmex is the only crypto exchange that offers you an X100 leverage for specific trading pairs.

I wouldn’t go into details here – just strongly emphasize that if you don’t know what you are doing, you shouldn’t try. But for educational purposes, I’d suggest to read this tutorial on margin training by Investopedia and also watch the video covering Bitmex margin trading below.

However, if you are certain on what is margin trading I’d recommend starting your Bitmex account right away.

BitMEX does not charge fees on deposits or withdrawals. When withdrawing Bitcoin, the minimum Bitcoin Network fee is set dynamically based on blockchain load. Margin trading fees vary from currency to currency – and can be anything from 0,075% to 0,25%.

If you sign up using this link, you will receive a 10% fee discount for 6 months.

Or just register on Bitmex without a fee discount here.

 

Bonus: #5 One of the worst cryptocurrency trading platforms

First things first – it’s just my personal opinion. But I am completely outraged with Hitbtc.com.  Not their interface and usability appeal to me, nor their greed. Even though on fees section it’s said it’s just 0.1%  per trade in fact when you are trying to withdraw anything from this exchange – here’s where the fan starts. I remember I’ve signed up to buy Populous (which is an amazing project and I am still very bullish on it) – at that time it was the only decent place on the internet to do so. However, to process my withdraw of Populous they took around 4 of those. It’s just ridiculous. Same was for Coss (buy 1000 give away 100 for withdrawal) or anything else I had a misfortune to purchase there.  But if you still feel adventurous – go ahead and sign up here. You’ve been warned.

 

Coinjive is a personal blog ran by Ana that aims to bring the most truthful, simple to comprehend, backed by facts and well-researched information. Although, please agree to accept a dash of subjectivity. Coinjive is run by a human after all. For immediate updates follow us on Twitter or Telegram. Reach out with comments, questions, and suggestion at the Contact Us section.

 

Disclosure:

Some links in this text are referral, but you must be aware that I only review services/products that I’ve personally used and found satisfactory or good.

Also please be aware that all information on this website is for educational purposes only, and is not intended to provide legal or financial advice.

Author:
Ana (@coinjive) has been involved in the crypto industry for more than a year now. She was working for three ICOs (as a PR / and CMO). And prior to dive into the blockchain reality, she served as a Communication manager for big tech and less tech companies (including SAP, Evernote, Avon and, etc.). Currently, she works as a contributor at Future Times and as ICO analyst for a private Israel-based crypto venture capital firm. P.S. please agree to accept a dash of subjectivity. Coinjive is run by a human after all.