Choosing one of the popular crypto exchanges is not as easy as it may seem, for someone who is new to the world of crypto. There are several top crypto exchanges in the market but they vary in terms of services and fee they offer along with numerous other factors.
Choosing the first exchange to come across is also not as easy as not every platform is available in every country or region. Therefore, as a first-timer, if you are looking for a secure and suitable exchange then you should have some idea about your possible options and then determine which one is the most suitable for you.
Here is some information about some of the most popular crypto exchanges in the market.
Binance is One of the Popular Crypto Exchanges
Binance is the world’s largest crypto exchange and stands out among other platforms, thanks to the features and technologies it offers to the users. Ever since its creation, the Binance exchange has significantly grown and is one of the top 10 crypto exchanges to look for.
If you choose Binance to buy or trade crypto you will enjoy a number of benefits. Some of the advantages of the Binance exchange are mentioned below:
· It is a reputable crypto exchange.
· It offers high liquidity.
· It has a fast trading interface.
· It offers one of the lowest fee structures in the market (buy: zero and withdraw: market based).
· You can avail any of the supported deposit methods that include, credit card, wire transfer, PayPal and crypto.
· It has impressive customer support.
· It prioritizes the safety of the users by using several security systems such as biometric logins, cold wallets, two-factor authentication login and a lot more.
· It has one of the best user interfaces in the market.
· It is also an insured exchange, which is an important piece of information to know.
· It also offers Binance U.S. to extend its services to crypto enthusiasts in the United States.
Bybit is one of the top popular crypto exchanges that makes it easy for both beginners and experts to step into the crypto space. Bybit is a remarkable exchange that offers one of the lowest fees in the market. It is a highly suitable exchange for people who are interested in margin trading and even offers big sign up bonuses.
It is one of the top platforms in the crypto exchange list and if you are interested in using Bybit then here are a few things you should know:
· It is a much better exchange than its competitors in the market.
· It offers impressive customer support that helps novice parties in stepping into the world of crypto as well.
· It is a user-friendly platform.
· It has a mobile-friendly application that is available for both iOS and Android users.
· It also offers high liquidity.
· It does not require KYC (know your customer) which attracts a wide audience interested in becoming crypto investors or traders.
· Bybit is not available for citizens in the U.S.A. However, interested parties can access the exchange by using a VPN at their own risk.
Another one of the popular crypto exchanges is the Kraken exchange that is available for interested parties in the United States of America. It is one of the safest exchanges in the market and can be a suitable option for you if you are new to crypto investing or trading.
Kraken is one of the most popular crypto exchanges that offers numerous benefits mentioned below:
· It offers numerous deposit methods (credit cards, PayPal, wire transfer and crypto).
· It offers a low fee to the users (buy: 0-0.26% and withdrawal: 0.10%).
· You can buy and sell crypto by using six supported fiat currencies (CAD, CHF, EUR, GBP, JPY, USD).
· It offers a variety of trading options.
· It offers a leverage trading feature.
· It has both crypto-to-fiat and crypto-to-crypto trading pairs.
SwissBorg exchange is also among the top 10 crypto exchanges. It is yet another safe exchange that charges a very low fee as compared to other exchanges.
SwissBorg is an outstanding platform and is one of the top popular crypto exchanges for the following reasons:
· It has a SwissBorg Wealth App.
· It supports 14 different fiat and cryptocurrency pairs.
· It is a community-focused exchange.
· It supports fast execution and is a powerful trading platform.
· It supports deposits and withdrawals of both crypto assets and fiat currencies.
Finding a suitable exchange can become easier if you have an idea about the popular crypto exchanges. If you know your possible options you can filter out the unsuitable exchanges and settle on the best one.