You need to know the significance of using one of the popular cryptocurrency exchanges before starting crypto trading or investing. As a beginner, you might come across several crypto exchanges where you can both buy and trade digital assets. However, you should avoid choosing the first option that you get based on a few factors.
Every exchange offers a different set of services and features that include user interfaces, fee structures, security systems, and more. As a beginner, you need to choose a platform that matches your criteria and is compatible with the amount of experience and information you have.
Some of the most popular cryptocurrency exchanges are known for numerous factors. Some of these platforms have high trading volume, while others offer a better fee structure and security system. Therefore, if you are new to the crypto space, then here are some well-known crypto exchanges you should know about.
Binance is one of the Popular Cryptocurrency Exchanges
One of the most common names that will pop up as you start crypto investing and trading is Binance. This is very famously known as the world’s largest crypto exchange. However, its trading volume is not the only outstanding feature.
The Binance exchange is one of the top 10 crypto exchanges in the market and is equally suitable for beginners and experienced investors and traders. Even though it is not available in the USA, its US-specific version known as Binance US is.
This platform also provides high security for the users and has one of the lowest fee structures in the market. The fee charged by Binance is free of any hidden charges. There are also a wide variety of cryptocurrencies available on the platform that the interested parties can trade.
Coinbase is based in the United States of America and is arguably the largest crypto exchange. It is also one of the popular cryptocurrency exchanges, not just in the USA but worldwide.
The Coinbase exchange does charge a higher fee as compared to other platforms. However, many users of the exchange consider the features offered by the platform to be worth it. Even though the fee is slightly higher than other platforms, Coinbase does have a transparent fee structure, free of additional charges.
It is among the top platforms in the crypto exchange list and supports more than 100 digital currencies. It is also one of the best platforms for beginners and has a user-friendly interface. It also offers impressive security to the users and has very good reviews.
One of the best features for beginners offered by this exchange is that it offers educational content to the beginners and helps them get familiar with the concept of trading and more.
One of the popular cryptocurrency exchanges in the market is the Kraken exchange. This is also based in the USA and is one of the oldest exchanges in the country.
This platform is also one of the best ones for beginners, thanks to its user-friendly interface. It also offers quite an impressive collection of cryptocurrencies for crypto trading, which is more than 90.
It uses high-end security features that offer the utmost safety of users’ funds and information. It is also known for offering advanced trading features and supporting margin trading. This makes it one of the top 10 crypto exchanges for both experienced and inexperienced interested parties.
Another one of the US-based crypto exchanges that are also one of the most popular cryptocurrency exchanges is Gemini. It is known for numerous reasons, all of which contribute to the reputation of the platform.
Gemini is one of the tops and popular cryptocurrency exchanges that has an impressive interface, simple and easy-to-navigate. It supports over 40 digital currencies and has a fair and transparent fee structure. It also offers security to the users, which is a major aspect to consider while choosing an exchange to buy or trade crypto assets.
If a wide array of crypto assets to choose from appeals to you, then KuCoin is one of the platforms in the crypto exchange list you should know about. This platform remarkably offers support to around 400 digital assets and has one of the best fee structures.
It offers a further discount for people who pay the fee with KCS stablecoin. This exchange also attracts experts who are interested in margin trading and other advanced trading options.
Finding the popular cryptocurrency exchanges means you will be able to choose a suitable exchange from some of the best ones. However, the platform you choose must match your criteria and be available in your country or region. The exchanges, as mentioned above, are some of the platforms you should know about.