5 Best Cryptocurrency Exchanges in 2021
What are Cryptocurrency Exchanges?
Cryptocurrency exchanges are trading platforms that use specialized engines to match cryptocurrency trades among different users in real-time at a much lower fee compared to brokerages.
So if you’re keen on exploring trades yourself through a P2P exchange, then it’s okay to explore a handful of cryptocurrency exchanges that are out there and pick the best.
But picking the best could also be relative and would depend on individual preferences. So, we look to examine the best 5 cryptocurrency exchanges with very positive reviews from their users.
Before we delve into our best 5 crypto exchanges, we will examine these exchanges with these criteria.
Characteristics of Cryptocurrency Exchanges
- Ease of depositing and withdrawing cryptocurrency even for first-time users.
- Good borrowing flexibility on exchanges.
- Ease of trading the USD against Bitcoin and other Altcoins.
- Currency swap flexibility from one cryptocurrency to the other.
- Intuitive interface that users will find easy to use.
- Lower and many competitive fees.
- High volume transactions compared to brokerages.
- Users tend to have better control of their trades eliminating middleman interferences and charges.
Having mentioned a few characteristics of cryptocurrency exchanges, the drawback with some of these exchanges is that their services are often location-based.
For instance, first-time cryptocurrency exchange users in Europe or the United States may choose to begin with Kraken or Coinbase, while someone from Asia might use Bitfinex.
Without further ado, hitherto are our top cryptocurrency exchanges for 2021.
Note that these exchanges provide an exhaustive array of services for adoption for most users.
Coinbase is the most convenient crypto exchange on the planet which supports buying, selling, and overseeing your digital asset portfolio.
With a very intuitive platform, you will find all the data you need for informed decision making such as price and the percentage change in currencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and more.
What it takes to explore these features is to simply create your crypto portfolio, and adjust the data display features to your preference and begin trading cryptocurrencies.
You can now purchase, sell, and manage them in a single place.
With Coinbase, you can invest in digital currencies gradually as time goes on by making plans for it daily, weekly, or monthly top-ups.
Its vault protection allows you to store assets in a vault and also provides added security.
Coinbase has a brilliant mobile app for Android and IOS users which keeps it ahead of the market.
Binance is the world’s biggest cryptocurrency exchange that allows users to purchase and sell cryptocurrencies within minutes of signing up for a new account.
Binance platform features the latest price and market trend for Bitcoin and other Altcoins such as BNB, ETH, XRP, BCH, and LTC in real-time.
With Binance exchange, you can trade from anywhere and at any time. The mobile app provides virtually all the functionalities of the Binance cryptocurrency exchange making it accessible right from your pocket or the palm of your hand.
Binance excellent mobile crypto trading app is available for download to your mobile device (Android or IOs) from the exchange, Google Playstore or Apple Playstore.
Its desktop crypto trading platform is for very active traders that want to get the full experience of using the Binance platform on their Windows or macOS device.
If you desire more than just launching into the Binance exchange via its URL, you can explore the developer’s option.
The Binance API allows you to integrate your trading app into their platform conveniently with a simple and easy-to-follow developer API documentation guide.
With Binance, you are guaranteed 24/7 efficient customer support. The Binance exchange also features the following products:
Binance Research and Binance Trust Wallet.
FTX is a digital asset derivative exchange designed for traders, by traders. On FTX, you get to purchase and sell Bitcoin, Ether, USDT, BNB futures, and many more cryptocurrencies.
The platform features a total prize pool that enables you to win an iPhone 12, a Tesla Model S, a share of Berkshire Hathaway, and other prizes, an FTT staking program that awards several benefits, and spot Margin trading, which is now live.
With FTX, you can access prediction markets, stake, trade on futures, spots, stocks, leveraged tokens, and fiat currencies like the USD, GBP, EUR e.t.c. FTX’s mobile app allows you to trade from anywhere and at any time. Simply download onto your mobile device, PC, or tablet from the Google or Apple Playstore.
The exchange is also socially active with Twitter, Telegram, and WeChat profiles.
Cex.io is your access into an environment with open financial systems, a trusted and safe crypto exchange.
Cex.io is also one of the most convenient exchanges for trading cryptocurrencies. On its platform features thousands of cryptocurrencies such as BITCOIN, Ripple, Ethereum, Litecoin, Bitcoin Cash and so many more.
The platform allows you to purchase the top digital currencies swiftly with a credit or debit card and converting your purchase to Bitcoin or other altcoins.
Holders of Bitcoin can also withdraw funds onto their cards or bank accounts with a few clicks.
Payment methods accepted on the CEX.IO crypto exchange are – Visa, Mastercard, Bank transfer (SEPA, ACH), and cryptocurrency.
You are provided with coherent security that will protect against DDOS attacks, crypto cold storage, complete data encryption, and compliance with PCI DSS standards to protect your money. On every transaction, a reasonable fee is allocated to takers and makers.
CEX.IO has distinct conditions for high volume traders and good offers for market movers.
A reliable order execution that possesses an advanced order matching algorithm, top-liquidity order book, suitable conditions for market prediction, and trades with high-frequency and scalping strategies are available.
The crypto exchange’s range of API solutions for automated trading includes WebSocket, REST API, and FIX API.
Their customer support service is dedicated and available 24 hours a day, 7 days a week through email, phone and live chat to respond to clients’ questions.
LocalBitcoins allow users to purchase and sell BTC from anywhere. Holders can trade cryptocurrencies person-to-person, in a quick, safe, and easy way.
Signing up on the platform is free. LocalBitcoin provides help to customers through an extensive FAQ guide and their customer support service is also available to help sort out any issues.
LocalBitcoins are customer-centric and ensure to respond to queries on their platform promptly.
This is a tweet from LocalBitcoins
On the platform, you will find several holders of cryptocurrencies willing to sell their digital assets with the mode of payment attached.
Choosing the right cryptocurrency exchange could be daunting sometimes, but knowing the right metrics to consider is just the beginning. Trying them out is another.
We have simplified the process by testing them out for you and narrowing the list for an easy pick for you.
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