How to Choose the Best Cryptocurrency Exchange
There are now hundreds of cryptocurrency exchanges online, each offering a wide variety of features and services. Choosing the best one for your needs requires careful consideration of security, reliability, history and fees.
The best exchanges support a large number of cryptocurrencies, offer robust security and advanced trading tools for both beginners and experienced traders. To help you find the best, we compared and evaluated dozens of top-rated crypto exchanges.
1. Cryptocurrency exchange Coinbase
Coinbase is a popular cryptocurrency exchange with a unique training program for new traders. Its website and mobile application have a user-friendly interface that allows users to trade cryptocurrencies like bitcoin to pln, Ethereum, and others.
Coinbase stores 98% of client funds in cold storage, which is a secure way to store crypto assets offline and prevent cyberattacks. It also uses 2-factor authentication to secure your account.
In addition, Coinbase is a US-based company that adheres to a wide range of SEC regulations. This means that it can be held responsible if something goes wrong, and it is required to provide customer support.
The company has a number of official support options, including a help page, emailed tickets, a phone system, and social media. However, its customer service is often poor, and it doesn’t always respond to questions as quickly as other exchanges.
2. Cryptocurrency exchange Gemini
Gemini is an exchange that is a great option for both beginners and advanced traders. It offers a variety of features that help customers securely store their crypto assets, access more complex trading functions, and make purchases at select retailers with cryptocurrency.
The sign-up process is very simple, requiring identity verification and connecting your bank account or card issuer. Once your account is verified, you can start buying cryptocurrencies and using their platform to trade them.
However, Gemini has a complicated fee structure that can be more expensive than other exchanges. This could discourage high deposits and make it harder for users to take advantage of opportunities in the market.
Gemini also has its own stable coin, which is designed to be a safe haven for crypto investors. In addition, it has a learning hub that provides helpful resources for new and advanced investors alike.
3. Cryptocurrency exchange Bybit
Bybit is a peer-to-peer exchange that supports a number of cryptocurrencies and fiat currencies. This feature makes it unique among decentralized crypto exchanges as it allows you to trade a wide variety of currencies.
In addition, Bybit has a number of security measures in place that can help prevent fraud and theft. For example, the exchange uses multi-signature escrow to secure transactions between users.
It also doesn’t store user funds on its servers, which further reduces the risk of hacking. Additionally, Bybit is a decentralized network so there’s no single point of failure.
Bybit https://www.bybit.com/en-US/ is an excellent choice for traders who want a fully anonymous, decentralized, and safe platform. It also lets you trade a range of cryptocurrencies using less traditional payment methods like PayPal and cards.
4. Cryptocurrency exchange CoinswitchKuber
Coinswitch Kuber is an India-based crypto exchange that offers its users the opportunity to trade more than 100 cryptocurrencies with zero deposit and withdrawal fees. Its simple and fast KYC/AML verification process enables users to experience premium trading features instantly.
Founded in 2017, CoinSwitch Kuber has 7.5 million users on its platform. Its partnership with international exchanges like Coinbase, Tiger Global, Ribbit Capital, and others allows its customers to trade over 100 cryptocurrencies at the best prices.
The website offers real-time data on the top cryptocurrencies and their current prices. It also offers a live chat option to answer customer queries instantly.
The platform also offers several payment methods like UI, IMPS bank transfers, and NEFT to make investments. Besides, its simplistic support ticket system helps solve user issues quickly.