There are several popular crypto exchanges in the crypto industry that are known for various reasons. They are mostly prominent, thanks to the availability of high-end features and services that make crypto investing and trading easier for every crypto enthusiast.
As a new crypto enthusiast, if you are aware of your available options then choosing the best one can become easier. Out of some of the most popular crypto exchanges you can identify the best one according to how well the available features and services match your criteria and requirement.
Therefore, here is a brief list of some of the best and prominent platforms along with the features and services they offer to the users. Taking a look at the available features can help you determine which of the options is best for you.
Popular Crypto Exchanges – Binance
Binance is the biggest crypto exchange in the world and has an undeniable prominence. It stands out among all other platforms due to several leading-edge security systems and features. This exchange has been designed to make crypto trading easier and less stressful for all kinds of crypto traders, which is why this exchange extends its services to a vast audience.
The Binance exchange is one of the most popular crypto exchanges because of several reasons, one of which is its fee structure. It charges one of the lowest fees, which is also transparent and free from hidden or additional charges.
It also prioritizes the safety of the users and is known to be one of the safest in the industry. It uses cutting-edge security systems such as A.I. monitoring, biometric logins, forensics monitoring and more.
Other prominent features that make it an impressive option for a vast audience include the following:
- It supports crypto staking.
- It supports several payment methods, which is not so common.
- It has a beginner-friendly interface.
- The trading interface is divided into classic and advanced interfaces for new and experienced traders, accordingly.
The KuCoin platform is yet another prominent name and is one of the popular crypto exchanges you should know about. This is one of the top crypto exchanges for new and experienced traders alike, thanks to its beginner-friendly interface.
It is one of the most versatile and oldest cryptocurrency exchanges and stands out from its competitors for several reasons.
This exchange has grown and evolved over time and is now one of the most popular crypto exchanges. The prominent attributes of the platform include:
- High-end security systems used, such as two-factor authentication (2FA) and KYC.
- Users can directly purchase digital assets through credit or debit cards.
- Fiat currencies supported include CNY, USD, AUD, EUR and CAD.
- Instant Exchange Tool helps them easily convert their crypto balance to any of the supported fiat currencies.
- It supports a trading bot that is free-to-use and automatically executes the trading orders placed.
- It supports margin trading.
- It supports futures trading.
- It supports crypto lending.
- Users of the exchange can purchase, sell, store or trade more than 200 digital assets supported.
- It supports leverage trading and offers up to 100x leverage.
The Bybit exchange is one of the best platforms and is undoubtedly one of the popular crypto exchanges. Bybit is a popular trading platform that is widely used by the traders.
This exchange not only offers support to margin trading but also charges one of the highest leverages, which is up to 100x. Bybit is also known to be one of the safest trading platforms in the industry as it makes use of high-end security protocols.
Bybit has made a name for itself because it offers sign-up bonuses to the users and also offers the kind of features that are not often seen in other trading platforms.
Also Read This: COVID-19 is a risk factor for having stroke
Some of the high-end attributes of the exchange are:
- It is a user-friendly interface that makes crypto trading easier for all traders.
- It supports an advanced mobile application that features trading tools and more.
- The customer support services available is one of its biggest selling points where the agents are available to assist 24/7.
- It supports both basic and advanced order types.
- It supports various data analysis tools for new and experienced traders alike.
- The users are also required to complete the KYC verification to get higher withdrawal limit.
If you look through some of the popular crypto exchanges in the industry and the features they offer then you can easily determine if the platform is suitable for you to use or not. This is why it is crucial that you are familiar with your available options.