With the rapid rise of Bitcoin and other crypto coins, the financial sector is undergoing a churning that has never been seen before. Cryptocurrencies are proving themselves to be a great recourse against the government’s inflationary monetary policies and corruption. With some of the best crypto exchanges on the planet, new age, young and savvy investors alike are earning interest on their crypto coins.
While some are dabbling in short-term trading (buy low, sell high), others are in for the long haul. A lot of intrigued newbie investors want to become a part of this crypto rush and don’t want to miss out.
They are plagued by questions such as:
“What are the best crypto exchanges?
What are the most profitable crypto coins?”
While the above questions are pertinent and natural, we have done a review of some of the top crypto exchanges in the world that will save you a lot of time and effort. So, without further ado, let’s get started.
Table of Contents
10 Best Crypto Exchanges for Trading and Buying Cryptocurrency 2024
1) Coinbase
U.S. based Coinbase is among the few top tier crypto exchanges that serve a global audience. Highly reliable and easy-to-use for beginners, CoinBase helps you buy and trade cryptocurrencies. You can access Coinbase via mobile on iOS and Android platforms and start trading crypto on the go.
With an enterprise-grade security standard, Coinbase has a presence in almost all the major continents of the world such as North America, Europe, Asia, Australia, Africa and South America.
2) Kraken
Strictly meant for savvy investors and businesses alike, Kraken offers a Bitcoin OTC desk for high volume crypto exchanges and support for a ton of crypto coins ranging from Bitcoin, Monero, Ether to Zcash to name a few
Apart from its nifty maker-taker fee schedule and volume schedule based on activity in the last 30 days, Kraken also is one of the best crypto exchanges that supports the Staking of popular proof of stake coins. You can easily fund your Krake account with multiple native fiat currencies.
Furthermore, Kraken is known for its quick bank transfer, 24×7 support, and it enables users to deposit and withdraw funds to bank accounts anywhere, globally. As well as an individual account, Kraken offers an institutional account for more serious enterprise-level investors.
3) ChangeNow
If you are concerned about your privacy whilst buying or selling crypto, ChangeNow is one of best crypto exchanges with no KYC required. That is, since ChangeNOW is a non-custodial exchange, you can easily buy various cryptocurrencies without submitting Identity proof, etc.
With support for over 200 cryptocurrencies and fiat pairs such as USD/EUR, ChangeNOW entices beginners and pro traders alike.
It connects the matching engine in real-time to curate some of the top-tier crypto exchanges on the market to get you the best price. Ideally, it takes anywhere between 2 to 20 minute for a crypto-to-crypto exchange to compete via ChangeNow.
What’s more, you don’t have to pay extra/hidden fees since all the profits come from successful trading are already included in the network fees. The amount you see is the amount you get.
4) Binance
After raising over 15 Million USD in its successful ICO in 2017, Binance has gone on to become one of the biggest crypto exchanges in the world. Apart from its super fast exchange designed for beginner and pro traders, Binance also provides a native wallet for storing Bitcoins for a short period of time. What’s more, you could also earn interest in your Bitcoin or USDT holdings if you want.
With support for over 200+ altcoins, Binance is a multiverse in its own right. Although it is a centralized exchange with its own native BNB coin currency, Binance is KYC free.
5) Bittrex
US-based cryptocurrency exchange Bittrex allows users to trade over 190+ cryptocurrencies at a time. Since they are a U.S law-abiding and regulated exchange, your funds remain safe and secure especially if you are a U.S citizen. Buoyed by an impressive BTC trading volume, Bittrex is among the top exchanges in the world for BTC trading.
The buyers and sellers exclusively decide the rates for trading, and Bittrex merely charges them a small service fee of 0.25% for providing their platform as a facilitator.
Simply register an account with your email ID to start trading on the go. However, withdrawal of funds will require KYC that can be done by submitting your ID proof, phone number, and enabling two-factor authentication.
On the downside, Bittrex doesn’t allow you to deposit fiat currencies such as USD, GBP, AUD, INR, EUR, etc. since it is a “crypto-only” exchange.
6) Poloniex
Based out of the U.S and operational since 2014, Poloniex is one of the premier cryptocurrency exchanges in the world with support for over +100 cryptocurrencies.
Interestingly in 2017 alone, Poloniex recorded the highest ever trading volume for ETH thanks to its bustling Ethereum market. To start trading, simply deposit USDT (Tether dollars) and you are ready to go. Poloniex charges a fee in the range of 0.15%-0.25% on all trades based on whether you are a maker/taker.
7) KuCoin
If you are an altcoin enthusiast who dabbles in coins such as CHR, $KCS, among others, KuCoin is one of the best cryptocurrency exchanges. Easy-to-use and mobile-friendly, KuCoin lets you deposit any type of crypto and instantly begin trading.
8) Huobi
Founded in China and now based out of Seychelles, Huobi is an international cryptocurrency exchange with its offices across the world in countries such as South Korea, Japan, United States and Hong Kong. With 244 cryptocurrency pairs, Huobi is one of the biggest crypto exchanges based on volume so you can rule out ever facing liquidity problems on this exchange.
9) Bitfinex
Based out of Hong Kong, Bitfinex is one of the best crypto exchanges that enables new investors to trade via USD (with a wire fee of at least $20). Operational since 2014, you can trade the over 13 cryptocurrencies in USD or BTC such as Ethereum, Monero, Bcash, Dash, Litecoin, Zcash and more.
Trade fee on Bitfinex varies between 0.1% to 0.8%. Bear in mind though that you are charged a specific fee each time you withdraw or deposit some crypto. Also, Bitfinex requires ID verification while registering on the portal which usually takes 15-20 business days for completion.
10) BitMex
Rounding off our list is BitMex, a high volume crypto exchange suitable for professional traders, primarily. The team behind BitMex is a talented team of economists, web developers and high-frequency traders from the crypto community. Liquidating your cryptocurrencies is relatively easy on this exchange as its primary currency is Bitcoin and its future contracts.
As well as Bitcoin, you can also fiddle with future contracts for altcoins such as Ethereum, Bitcoin Cash, Ethereum, Litecoin, and Cardano. Simply register via your email ID and commence trading on BitMex.
SEE ALSO: 8+ Best Decentralized Exchanges
SEE ALSO: 7 Best Monero Exchanges