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The Best Cryptocurrency Exchanges to Consider

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Feb 3, 2021

Websites where you can buy, sell, or exchange cryptocurrencies for traditional currencies, such as Euro or US dollars, or other digital currencies, are referred to as cryptocurrency exchanges. If you want to trade professionally and want to have access to some advanced and sophisticated trading tools, you will probably have to sign up on an exchange that requires you to open an account and verify ID. If you are only interested in making the occasional straightforward trade, there are some platforms that don’t require you to open an account. 

These days, finding a cryptocurrency exchange is not that difficult because there are a ton of options that exist due to the popularity of digital currencies. However, it is important for you to do a bit of homework before you begin trading. You need to consider the reputation of the crypto exchange you plan to use, the trading fees they charge, the payment methods that are supported, geographical restrictions and verification requirements that may have to be followed, along with the exchange rate. 

This can help you in identifying a cryptocurrency exchange that suits your needs and requirements. Some of the best ones that you can consider are highlighted below:

Bitbuy.ca

A digital currency platform that’s operating from Canada, Bitbuy.ca was originally founded in 2013 as InstaBT. The company’s goal is to provide secure, dependable and convenient access to bitcoin as well as other digital currencies. Quick turnaround time for withdrawals and deposits, ease of use and customer service are some of the essential pillars of this platform. 

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It caters to beginners and also experienced traders and it is one of the quickly-growing platforms in Canada. It is a strong choice for users who want to turn their fiat into crypto easily and quickly, or wish to purchase and hold crypto. Its excellent customer service, low fees, fast registration and verification and quick processing of deposits and withdrawals makes it a good option. 

ChangeNOW 

This cryptocurrency exchange is registration-free and is an excellent platform for limitless crypto conversions. ChangeNOW has developed a reputation for offering great rates and a reliable service. With this exchange platform, you don’t need to create an account and it can process transactions quickly for more than 170 cryptocurrencies. In fact, it can also come in handy for fiat to crypto purchases. You will be pleased to know that this exchange is honest with its customers and collects no inflated or hidden fees. 

The timing of the transaction is very short and depending on the transaction volume, it can take as little as 2 minutes for processing. It doesn’t come with any limits, which means there is no maximum exchange amount. You can find a mobile app for ChangeNOW and also offers 24/7 support. It also makes purchases convenient as it provides support for credit cards. 

OKEx 

Based in Malta, the OKEx cryptocurrency exchange can be used by people for buying, selling and trading Bitcoin, Ethereum, along with other cryptocurrencies easily and safely. Boasting a sleek user-interface, the intuitive platform makes it easy to check crypto prices, do market buys and more. Not only does the exchange focus on spot and margin trading, but it also comes with advanced features for derivatives, such as perpetual swaps, options and futures. It provides its services in more than 100 countries, which means that millions of users can enjoy crypto liquidity and buying options as it supports hundreds of trading pairs. 

Some of the top perks of using the OKEx cryptocurrency exchange include low fees and market makers are also given some incentive. It also offers more than 400 trading pairs with high liquidity, supports a wide array of payment methods, is easy to use and doesn’t come with a registration fee. Plus, users can take advantage of 24/7 customer support. 

Coinbase 

One of the most well-known and popular cryptocurrency exchanges in the world is none other than Coinbase. It is used by millions of customers around the globe and is backed by trusted investors. With Coinbase’s platform, it is very easy and secure for users to buy, store, use and trade digital currency. People can buy Bitcoins, Ether and now Litecoin from this exchange, as it has a digital wallet for iPhone and Android. You can also trade with other users via the firm’s Global Digital Asset Exchange (GDAX) subsidiary. They can receive money directly into their bank account by selling their crypto. 

Currently, GDAX is operating in the United States, United Kingdom, Europe, Singapore, Australia and Canada. No transfer fees is charged for moving the funds between your GDAX and Coinbase account. As it allows fiat currency trading, Coinbase can be used by novice traders for buying and trading bitcoin. The exchange offers security, has a good reputation, is easy to use, boasts a high trading volume, has reasonable fees and is beginner friendly. Also, the currency stored with it is covered by Coinbase insurance. 

Kraken 

A partner in the first crypto bank and the largest exchange in euro liquidity and volume, Kraken was founded back in 2011. It allows users to buy and sell bitcoins as well as trade between bitcoins and US dollars, euros, the British Pound, Canadian Dollars and the Japanese yen. It is also possible to use the exchange for trading digital currencies other than Bitcoin, such as Monero, Bitcoin, Ethereum Classic, Ethereum, Stellar/Lumens, Ripple, Litecoin, Augur REP tokens, ZCash, Dogecoin and ICONOMI. Margin trading is also available on Kraken for more experienced users, along with a horde of other trading features. 

Even though Kraken is based in San Francisco, USA, it still boasts one of the largest euro-to-crypto markets around the globe. It can be used by residents in Canada, US, Japan and a number of other European nations. It is easy to use, has a high trading volume, low transaction fees, decent exchange rates, is feature-rich, has minimal deposit fees, a good reputation, and great support and is quite secure. 

Poloniex 

One of the leading crypto exchanges in the world is Poloniex, which was established in 2014. It provides a secure trading environment to people and has more than 100 different Bitcoin crypto pairings to offer, along with data analysis and advanced tools for skilled and advanced traders. Since it is one of the most popular trading platforms and has the highest trading volumes, users will not have a problem in closing a trade position. Poloniex uses a maker-taker fee schedule when it comes to trades, which means that fees will vary, depending on whether you are a taker or maker. 

The chat box that you will find on Poloniex is one of the unique tools this crypto exchange has to offer and it can be immensely helpful for users. This crypto exchange has become one of the leading choices of people because it is feature-rich, offers fast account creation, high volume trading, BTC lending and low trading fee. It also has an open API and is user-friendly. 

Along with these cryptocurrency exchanges, there are some other options that can also be explored including CoinMama, Bitstamp, BitSquare, Cex.io, LocalBitcoin, Binance, LinkCoin, ShapeShift, Gemini and Huobi. You can spend some time in checking out the various options and opt for one that meets your requirements.

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