Best cryptocurrency exchanges: criteria and examples

Cryptocurrency exchange is a platform for operations with digital assets, that allows buying, selling, swapping crypto. Such platforms are of two types:

centralized
decentralized

Centralized exchanges are large platforms that operate officially and offer a wide range of tools and earning opportunities. Best cryptocurrency exchanges usually belong to centralized platforms. They have bank-type governance and focus on providing the highest level of security for clients’ funds. In the case of centralized platforms, users entrust their funds to cryptocurrency exchange wallets. When using a decentralized platform, users’ assets are not kept on the server but move between the clients through their wallets.

The features of best exchanges for cryptocurrency

Security. Large and respected crypto platforms provide the highest level of their users’ funds’ safety. They comply with all the rules of anti-money laundering, provide KYC verification to check their users for illegal activity, and keep track of suspicious transactions.
The number of trading pairs. The bigger the exchange, the more trading pairs it offers. Small services only provide for a limited number of assets.
Trading volume. Big trading volume signifies a high level of activity on an exchange, thus, a great number of users every day, which means people trust the service and enjoy working with it.
The way the exchange stores users’ assets. Most large crypto platforms keep clients’ investments on cold wallets, which third parties and hackers have no chance to reach.
Tech support. The most common crypto platforms perform quick and efficient tech support 24/7.
Tools for trading. Features like a trading bot, spot trading, margin, trading with leverage, p2p, etc. are crucial for comprehensive and profitable work for any trader. Best cryptocurrency exchanges offer a wide toolkit for their clients.

Examples of the best exchanges for cryptocurrency

Binance

In terms of trading volumes, it is the best cryptocurrency exchange. Probably every trader and investor has accounts on this platform. The company was founded in the Cayman Islands in 2017 and has gained the trust of users worldwide. The exchange offers low fees for transactions, a massive range of crypto assets, and provides the best trading experience. In addition, a wide range of leverage, quick transactions, and insurance fund that protects the users investments.

WhiteBIT

This young yet popular crypto exchange belongs to the best cryptocurrency exchanges due to its beginner-convenient interface, wide range of assets, opportunity to buy crypto with fiat, convenient application, low fees, quality tech support. The platform operates in more than 150 countries.

Coinbase

The platform supports dozens of digital assets, including the most popular. Many users consider Coinbase the best cryptocurrency exchange due to its easy and user-friendly interface. The exchange offers a wide range of tools for trading and opens many earning opportunities for its clients.