Cryptocurrency!!! What is a cryptocurrency???
Crypto word is derived from the Greek word kruptos which means hidden and the currency is money which is used as an exchange in general.
Cryptocurrency is the virtual form of currency in which encryption techniques are used to control the generating of units of currency and also to verify the transferring of funds, it is the only currency which is independent of any bank or government body.
As the cryptocurrencies are getting in trend, there are varieties of cryptocurrency has been launched since the famousness and there are many cryptocurrencies exchanges open all around the world. The cryptocurrency exchange allows the user to buy, selling and trading of different type of cryptocurrencies, it can either be physical fund to crypto or crypto to crypto transaction. Normally the exchanges offer support for 20 types of currencies. A user always worried about their cryptocurrencies protection, that’s why they opt out for the most promising, secured and user-friendly exchange.
Just to save your time searching for highly secured cryptocurrency exchange we build the list of Top 10 Cryptocurrency Exchanges of this year.
1. Coinbase Pro
Coinbase Pro is a San Franciso based cryptocurrency exchange platform founded in 2012 and, it is the first ever cryptocurrency exchange platform with the company assets around $1 billion. The easy deposit & withdraw features attract the user and advanced trading features, as well as various deposit options, make it more reliable for users.
The advantages of using Coinbase Pro is that it is fully regulated in the United States and got a competitive fee structure and disadvantages are that, got less number of altcoin pairing for Australians.
Assisting Bitcoins: BTC, ETH, BCH, LTC, ETH, ZRX, BAT
Volume of Trading: $217,481,180
Website – Coinbase Pro
The world’s largest exchange for more than 130+ types of cryptocurrencies at one place, it works more like an ecosystem of cryptocurrency. The Binance provides you with an exchange, labs, wallet, and charity info. Binance has its own Binancecoin(BNB) which can get for a discount prices by making crypto to crypto transaction. It is one of the best platforms to buy cryptocurrencies and can securely hold your crypto assets.
The advantages are the lower transaction fee which is around 0.1% and the disadvantages are that you can’t use or exchange with fiat,
Assisting Coins: Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, DASH, Litecoin, NEO, GAS, ZCash, Ripple and many more.
Volume of Trading: $1,724,874,280
Website – Binance
The BitMex is the Hong-Kong based Bitcoin exchanges that have it reaches all around the world. The BitMex stands for Bitcoin Mercantile Exchange is a trading platform. Latest reports show that BitMex has handled over the 2 billion USD transactions that have happened in a 24hr period. You can also buy leveraged contracts like future or later contracts from the BitMex.
The thing is that you can do margin trade and short sell which can be counted as pros but only one cryptocurrency is available for exchange as well as they also don’t accept any US-based transactions.
Assisting Coins: Bitcoin, Cardano, Bitcoin Cash, Ethereum, Litecoin, EOS, Ripple
Volume of Trading: $3,035,184,687
Website – BitMex
OKEx is also one of the most popular and reliable cryptocurrency exchange, based out of Hong Kong. They even have their own cryptocurrency named OKB. The OKEx has about 0.2% service and charges fee. OKEx is also not lagging behind in trading traffic, it has experienced around $1.5 billion in bitcoin futures day to day.
The best thing about this exchange is that it provides support for more 145 cryptocurrencies and also allow margin trading or short selling. The services are not provided for the US traders but are supposedly expanding to Malta.
Assisting Coins: Bitcoin, Ethereum, Litecoin
Volume of Trading: $1,384,994,152
Website – OKEx
Founded by Jesse Powell, it is also one of the biggest bitcoin exchange hubs because of its fiat currency exchange that supports many currencies like pound, USD, Yen, and Euros. The Kraken supports the exchange of over 17 cryptocurrencies that comes on a 3rd number after the Binance. The Kraken charges about 0% to 0.26% for maker and taker fees and it also suggests the pricing for bitcoin to Bloomberg Terminal. One of the negative features is that the processing time of transactions is very slow and also unpredictable closing of anyone’s account.
Assisting Coins: Bitcoin, Bitcoin Cash, Bitcoin SV, Cardano, DASH, Dogecoin, EOS, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tether, Zcash and many more currencies.
Volume of Trading: $160,834,807
Website – Kraken
One of the topmost cryptocurrency exchange because of its supporting of around 250 cryptocurrencies which is almost the double of Binance. Another exchange based out in China, Huobi has two different versions that are Huobi BTC, its features allow the user to trade cryptocurrencies with normal currencies at 0% fees and other is Huobi Pro, it provides the user with more advanced trade capabilities crypto exchange.
Huobi provides you with wide ranges of cryptocurrencies and they also provide 24/7 customer care support.
Assisting coins: BTC, LTC, ETH, BCH, XRP, DASH, EOS, TRX, ZEC, and 90 other currencies.
Volume of Trading: $911,363,754
Website – Huobi
Started in 2012 Bitfinex is also one of the Hong Kong-based cryptocurrencies exchange. Bitfinex offers the most liquid order that allows the user to exchange with minimal difference in actual price. Bitfinex uses the margin funding strategy so that the user gets attracted to digital assets and fiats as well.
You can also opt out for the auto-renewal feature with multiple payments options.
You can also download it’s in-house mobile application and you can do withdrawal without any limitations.
Assisting coins: BTC, ETH, ETC, XMR, ZEC, LTC, DASH and 22 more currencies.
Volume of Trading: $149,183836
Website – Bitfinex
Washington based cryptocurrency exchange that is recognized for its maximum and unique security factor which makes it the most secure and reliable exchange in terms of protection. The transaction speed is very fast and accurate because Bittrex is build using elastic computing.
For each and every transaction Bittrex charges about 0.25% of the transaction fees.
Bittrex interface is very easy to use even for the beginners but only supports the crypto to crypto trading and also got past about bad customer services.
Assisting coins: BTC, ETH, XVG, XRP, ADA, XRP, LTC, RDD, ZEC, and 130 more currencies.
Volume of Trading: $61,219,365
Website – Bittrex
Slovenia based cryptocurrency exchanged named Bitstamp, established in 2012 and formed multiple headquarters. The headquarters are situated in New York and Luxembourg. Bitstamp provides you with the lowest fee system compare to all the exchange in the world. 0.5% fee for international wire transfers and imposes 0.09% on international withdrawals which is very good.
The registration and verification process is super fast which helps you save time. Interaction system is user-friendly.
Assisting coins: BTC, BCH, LTC, ETH, XRP
Volume of Trading: $89,107,924
Website – Bitstamp
KuCoin runs on the idea of profit-sharing exchange platform that dispenses their 50% of the profits to their shareholder of the KuCoin shares(KCS). The exchange is founded in 2011, with its modern front-look and with the highly secured server platform. They provide support for a wider range of cryptocurrencies and fees are comparatively lower than other platforms. The holder gets 1% discount for every 1000 KCS share they own.
Cons is that they don’t accept fiat currencies and the server gets down when there is high traffic on their website.
Assisting coins: BTC, BCH, ETH, XRP, LTC, EOS, ADA, TRX and 62 other coins.
Volume of Trading: $53,671,283
Website – KuCoin