As altcoins grow in stature and popularity, there is an ever more chance of making good profit out of trading cryptocurrencies. While there is no dearth of cryptocurrency exchanges in the market but when we talk about the best exchanges, we are looking for a perfect combination of reliability, flexibility, ease of use and a solid number of supported cryptos. Keeping these criteria in mind, here are our top 5 crypto exchanges.
Binance: Easily the most popular crypto exchange in the market today, Binance is known for its extremely low trading fee and a huge list of cryptos to trade with. Apart from listing other altcoins, they have their own Binance Coin (BNB). The already low service fees can be cut down even more if you choose to trade in BNB. Despite being fairly new in the market, Binance is already considered as one of the best crypto exchanges in the world. Apart from the web, Binance also offers mobile apps for iOS and Android users.
Bitfinex: A robust crypto exchange, Bitfinex is rapidly coming up the ranks with its highly customizable user interface and a large number of altcoin support. The feature laden Bitfinex trading interface is more suitable for experienced traders. Some of their unique trading features such as margin lending and anonymous trading have managed to strike a chord with traders. With a daily trading volume of 1 billion USD, they could be the perfect tool for your crypto trading escapades.
CEX.IO: Simple and easy to use, CEX.IO is a FIAT exchange where users can buy/sell cryptos within seconds. The high deposit fee of 7% may be a deterrent, but fast order fulfilment and high liquidity mean opportunity for good profit. Margin trading options come with stop/loss features like you would expect from a regular trading platform.
KuCoin: Known to list some of the more obscure altcoins such as DragonChain, KuCoin is one of the fastest rising crypto exchanges in the world. Their strength lies in the strong affiliate program which has translated into a bustling customer base. The service fee is only 0.1% which can be halved through their dividend system.
Bittrex: Last but not the list, Bittrex is one of the most secure crypto-only exchanges today. They are also known to handle the largest volume of Bitcoin in the world. Simple to join and trade on, they support a large number of altcoins for trading purposes.
ALL CRYPTO EXCHANGES HAVE SOME PROS AND CONS
All crypto exchanges have some pros and cons but where there is certain stability, security and growth, that’s where your money should end up. Out of possibly hundreds, these 5 crypto exchanges are considered the best in the business and that’s saying something.