Cryptocurrency and crypto exchanges are becoming increasingly popular, and there are now a whole host of stock exchanges that allow people to exchange and trade in these digital assets.
Let’s take a look at what a crypto-exchange is and what it does.
Subsequently, we will introduce some of the best crypto-exchanges that will dominate the market during 2019 & 2020.
What is a crypto-exchange?
The cryptocurrency exchange allows investors to buy, sell or trade digital assets – either using fiat currencies or in exchange for other cryptocurrencies.
Crypto-exchanges usually support the world’s 20 largest cryptominations in terms of their overall market capitalization.
Traders are very concerned about securing their digital assets and that is why they prefer stock exchanges that offer them high functionality, a positive user experience and the required level of security.
The best crypto-stock exchange for 2020, 2019
Coinbase Pro was one of the first crypto trading platforms – it was set up in San Francisco in 2012.
Its value is approximately one billion dollars.
It allows its users to easily withdraw and deposit their funds, offering them competitive transaction fees and advanced trading features.
This stock exchange is guaranteed by institutions such as NYSE, the New York Stock Exchange.
Supported cryptocurrency : Bitcoin, Ethereum, Bitcoin Cash, Litecoin, 0x and Batcoin.
Trading Volume: $ 102 333 155
Advantages: Full regulation in the United States, convenient fees.
Cons: Not the best choice for beginners.
Binance is currently the world’s largest crypto-stock exchange.
Its CEO, Changpeng Zhao, said it functions as a complete ecosystem – it includes the stock market itself, e-wallet services, research, charity initiatives and many other attractive features.
Binance also operates its own cryptomain called Binancecoin, which you can buy here at a discount if you make transactions using a different digital currency.
Binance supports more than 130 tradable cryptocurrencies and is one of the best exchanges for buying digital tokens.
Supported cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, DASH, Litecoin, NEO, GAS, ZCash, Ripple and many more.
Trading Volume: $ 725 673 705
Advantages: Low transaction fees – at around 0.1%, is not the best choice for beginners, as it has two trading versions – basic and advanced without a simple user interface.
Disadvantages: It does not allow you to trade in cryptoms with the help of fiat currencies, nor to trade on margins or sell short.
BitMex is one of Hong Kong’s leading Bitcoin trading platforms.
As its name suggests – the Bitcoin Mercantile Exchange – it is a stock exchange trading exclusively with Bitcoin, the largest cryptocurrency in the context of market capitalization.
There have even been reports that BitMex recorded transactions worth more than $ 2 billion in just 24 hours.
Supported cryptocurrency : Bitcoin, Cardano, Bitcoin Cash, Ethereum, Litecoin, EOS and Ripple.
Trading Volume: $ 1,459,963,531
Advantages: Bitcoin futures contracts can be traded on this exchange as well as margin trading and short selling.
Cons: BitMex offers only one cryptocurrency trading and this crypto-exchange services are not available in the US.
OKEx is one of the most popular crypto-exchanges in the world today, supporting more than 145 cryptocurrencies and based in Hong Kong.
In addition, it even has its own cryptomene called OKB. This stock exchange is also extremely successful with a daily trading volume, with Bitcoin futures traded around $ 1.5 million each day.
OKEx is undoubtedly one of the most trusted global crypto-exchanges.
Supported cryptocurrencies: Bitcoin, Ethereum, Litecoin
Trading Volume: $ 741 197 934
Advantages: Allows you to trade on margin and sell short and generally supports over 145 cryptocurrency.
Cons: It does not offer services to US merchants but will extend to Malta.
Founded in 2011 by the cryptocurrency expert Jesse Powell, Kryen is one of the largest Bitcoin exchanges in the world – not least because of its popular section for trading traditional fiat currencies such as euro, yen, dollar, pound and more.
Moreover, Kraken is a partner of the world’s first cryptocurrency bank. Supports more than 17 cryptominations.
Supported cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Cardano, DASH, Dogecoin, EOS, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tether, Zcash and many more.
Trading Volume: $ 110,363,700
Advantages: It offers high liquidity, supports several types of cryptocurrencies and is suitable for experienced traders.
Cons: Transaction processing time is quite long.
Other extremely popular crypto-exchanges include platforms such as Huobi, Bitfinex, Bittrex, Bitstamp and KuCoin.
Each has its advantages and disadvantages and attracts different types of traders.
However, despite introducing you to the world’s finest crypto-exchanges, none of them is a good choice if you plan to apply the HOLD strategy and stick to your digital assets over the long term.
In this case, we recommend that you use specialized electronic wallets with highly secure personal keys.