A cryptocurrency exchange is a marketplace where you can buy or sell cryptocurrencies. You can exchange cryptocurrencies for other digital or Fiat currencies, such as the US dollar. In return, these exchanges charge a small fee for all transactions made. The platform also allows direct trading between people who want to change currency according to their exchange rates. There are certain exchanges where you can trade cryptocurrencies at prices set by brokers. For professional traders, these exchanges provide a variety of tools and features, but for that, you need to have a verified account.
There are a large number of cryptocurrency exchanges on the market. Investors often choose an exchange based on factors that ensure reputation, ease of use, or maximum security. Each cryptocurrency exchange has its own rules, payment methods, exchange rates, verification requirements, and geographical limitations.
Now let’s look at some of the best cryptocurrency exchanges for the 2021 list.
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You know what!!! You can use Swapzone to find the best exchange rate before making any trade. Swapsone finds, collects and displays the most relevant exchange deals in the crypto market. Users can compare the exchange rate and make deductions between multiple exchanges, choosing the best one for their profitable deals. Best Cryptocurrency Exchange 2020BitFlyer [Sponsored List]
Founded in 2014, BitFlyer is one of the largest cryptocurrency exchanges headquartered in Tokyo, Japan. BitFlyer offers three different products to meet everyone’s needs:
- Instant Buy, to buy a certain amount of crypto instantly
- Buy/Sell as the name suggests, to easily buy and sell cryptocurrencies.
- Lightning is a powerful platform to trade like a pro and even access the BTC/JPY pair.
- At BitFlyer, you can pay directly using a credit card or make a bank deposit to transfer money to your account. It is also possible to deposit money into your balance via a transfer from your PayPal account.
- Access all the features of bitFlyer wherever you are thanks to our mobile app, which is available on both Android and iOS devices.
- Sign up for free with your email address. Verify your documents with Quick ID verification and enjoy unlimited trading in just a few minutes.
Binance, or “Binary Finance”, is a HongKong-based crypto exchange platform. Due to the recent ban of cryptocurrency in China, it does not work in China but operates in other countries. Binance has a transaction fee as low as 0.1%. Fiat does not support coins, so you need to buy Bitcoin or other Altcoins in order to trade on the platform. The user interface provides Basic View and Advanced View for both beginners and professionals.
Benefits: Low fees and a wide range of cryptocurrencies such as Ethereum, Tether.
Limitations: Some investors are skeptical about joining the stock market because of the recent ban in China. Coinbase
It is one of the most popular modes of exchange and currently operates in 32 countries. Headquartered in San Francisco, Coinbase has been in business since 2011. If you are a beginner and want to try your luck in the crypto market, Coinbase is your exchange. Coinbase supports Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. For trading, simply download the Coinbase app on your Android or iPhone, or you can trade on the company’s trading exchange platform GDAX, which is especially suitable for experienced traders.
Benefits: Ideal for beginners with low exchange rates, security and good reputation.
Limitations: Limited payment options, lack of anonymity, and lack of support for a large geographical area. Blockchain
Blockchain.com is a well-known brand in the cryptocurrency space. Founded in 2012, Blockchain is one of the oldest and most trusted cryptocurrency wallet and explorer services to launch its exchange in 2020. If you are trading, the exchange charges 0.2%. <$10,000/month, the high-volume transaction fee drops to 0.00% (producer). So this exchange is really beneficial for big traders.
The blockchain wallet has been an unveiled, trusted wallet since 2012, and you can link your wallet to the exchange for secure trading and easy movement of money. BitMax
BitMax is a Singapore-based cryptocurrency exchange that launched an ICO in 2018. Bitmax offers crypto to crypto trading in the BTC, USDT and ETH markets. BTMX and the Bitmax native token known as Bitmax have a transaction mining model that returns 100% of the transaction fee in BTMX. PrimeXBT
Founded in 2018 in the Seychelles, PrimeXBT is a Bitcoin-based exchange that offers crypto, Forex and CFD trading. Despite being a relatively new exchange, PrimeXBT has experienced significant growth in a short period of time. The platform is available in more than 150 countries and is available in 6 different languages. The exchange offers 100x leverage for crypto markets and Forex trading with 1000x leverage. Deposits and withdrawals are only possible with Bitcoin. The cryptocurrency trading fee is only 0.05% for all traders. Huobi.pro
Founded in 2013, Huobi Group has now made a cryptocurrency exchange that allows users to transact with more than 190 cryptocurrency pairs. Features of this exchange include a low transaction fee of 0.2% and 24/7 customer service, as well as the ability to deposit and trade many different currencies.
Pros: Available on Mac and Windows operating systems, as well as iOS and Android apps.
Cons: Accused of falsifying trading volumes in the past. Kukoin
Popularly known as the “Peoples’ Exchange”, it is based in Hong Kong and is a relatively new change. Here you can trade KuCoinShares or KCS, BTC, ETH, NEO, USDT. It also supports all major Altcoins and some new cryptocurrencies. Transaction fees are as low as 0.1% and withdrawal fees depend on the type of coin. There are also discount offers for KuCoin Shareholders.
Benefits: The user interface is easy to use. The exchange is especially beneficial for traders who want to trade with rare coins.
Limitations: The exchange is fairly new, so it hasn’t gained popularity yet. The trading volume is low compared to other exchanges. Bitfinex
Bitfinex is currently one of the most secure exchange platforms. It doesn’t accept new small accounts and is only busy securing existing employee accounts. Bitfinex offers browser notifications and has a very tech-savvy interface, which is highly preferred by experienced traders.
Benefits: Good for serious traders.
Limitations: Limited Altcoin selections. Bittrex
Based in Seattle, Bittrex is a US-based cryptocurrency exchange that supports more than 190 cryptocurrencies worldwide. Bittrex charges a trading fee of about 0.25%, which is relatively high compared to other exchanges. To open an account with Bittrex, you need to log in with your email ID. However, for the money to be withdrawn, you need to submit your KYC documents and contact number and the two-factor authentication process. But the process is not so long.
Benefits: A highly secure exchange platform with a unique identification process.
Limitations: Slightly higher transaction fees. Bithumb
An exchange for Koreans only, where other fiat currencies can be exchanged. The interface is very simple and easy to use. Bithumb is one of the largest exchanges in South Korea and allows buying/selling/storing Bitcoin and Ethereum. Bithumb offers extra services such as gift certificates and money orders.
commission (Maker/Buyer) – 0.15% / 0.15% (0.01% / 0.07% – If using a discounted fixed amount coupon)
Benefits: Easy swap place for Korean Won currencies.
Limitations: There is no price history chart and this is not beneficial for day traders. You need to have access to the Korean Won to work on this exchange platform. BitMEX