Crypto exchanges are platforms where cryptocurrencies can be bought, sold, and exchanged. You can trade cryptocurrencies based on their scale today at the market. Several exchanges compete to offer the best prices and speeds and some others offer specialized products and services.
Here is the list of the best crypto exchanges according to the volume or the sum total of the trades that happen in the exchange.
Binance is the number of crypto exchanges in terms of volume. The liberal fees structure of Binance is one of the reasons for the increase in its volume. The 0.1% maker/taker fee has been a major attraction for the traders. The low fees keep on decreasing with an increase in your trading volume. BNB is the proprietary currency of Binance and the exchange offers special discounts for trading BNB. Binance also allows you to buy cryptocurrencies using US dollars, which can save conversion fees. The advanced data graphs and charting are yet another benefits of Binance.
Coinbase comes second in terms of the trading volume. It is an ideal platform for beginners as it features an easy-to-use interface, powerful security features, and detailed educational material on everything you need to know about cryptocurrencies and blockchain. Coinbase is one of the highly popular and largest crypto exchanges in the US. Coinbase has been trying to ease the steps to start investing in cryptocurrency. The uncomplicated onboarding process and the easy- to-navigate interface attract beginner investors. Coinbase has a wide library of learning materials that help investors to learn about different cryptocurrencies and the ways to trade them. The security features with the two-factor authentication ensure the highest safety. Coinbase stores 98% of the crypto of the customers offline and even offers insurance up to $250,000 to protect the crypto assets.
Kraken is one of the top crypto exchanges with high volume. Kraken is a crypto exchange regulated by FINTRAC in Canada, FinCEN in the US, and FCA in the UK. Thus the investors feel credibility and security in the platform. The Instant Buy feature of Kraken allows users to buy cryptocurrencies without any complicated processes. You can trade more than 80 cryptocurrencies in Kraken and the crypto deposits of the most supported crypto coins are free on the platform. Advanced users can make use of alternative markets Kraken provides like margin trading and crypto futures offering a leverage of up to 1:5. The Staking feature of Kraken is another attractive feature of the platform that allows users to get rewards just with a few clicks and they can receive their payments two times a week.
These are just the top crypto exchanges in terms of volumes. Many crypto exchanges are emerging as the popularity of cryptocurrency is rising.
In the coming years, more people will try their luck in crypto trading, increasing the volume of most of the exchanges available in the market. Therefore the list of crypto exchanges will keep on growing without any doubt.