There are various cryptocurrency platforms but some popular crypto exchanges do stand out for obvious reasons. A crypto exchange is a platform where people can buy, sell, trade and even hodle digital assets. Each platform offers various features and services that make it possible for people to engage in buying or trading with minimum inconveniences and more.
While the majority of the platforms may offer the same nature of features, the quality of the services may heavily differ. This is one of several reasons why some platforms are more well-known and widely used than others.
If you are interested in buying, selling or trading crypto then you need to take a look at some of the most popular crypto exchanges and what they offer.
Popular Crypto Exchanges – Kraken
Kraken was established in 2011 and is based in the USA. It is one of the oldest, largest and most trustworthy exchanges in the industry. Its undeniable significance is validated by the fact that it offers some of the most technologically advanced and impressive features.
Apart from being a trustworthy exchange, it also supports some of the most unique features such as:
- Crypto staking
- Dark pools
Other prominent attributes of Kraken that put it among the most popular crypto exchanges include:
- Use of leading-edge security systems
- Low trading fee
- Support for margin trading
- Support for futures trading
- Caters the needs of professional traders
- Support to more than 50 digital assets
- Offers Kraken Pro
- Support for basic and advanced order types
- Fully licensed and regulated
Bybit
Bybit is one of the popular crypto exchanges that is widely used in the trading community. It is a peer-to-peer trading platform that offers its services to more than 1.6 million active users.
It supports some of the best features, which is why it stands out among its competition. One of the biggest selling points of this platform is that it is highly suitable for every type of trader, whether they are beginners or experienced.
Other high-end features of the Bybit exchange are mentioned below.
- Impeccable customer support available 24/7
- One of the safest exchanges
- One of the lowest and transparent fees
- One of the highest leverages, up to 100x
- Support for the copy trading feature
- Tools for data analysis available
- KYC verification required to increase withdrawal limit
- Support for basic and advanced order types
Coinbase
Coinbase is not only one of the most popular crypto exchanges but it is also one of the largest in the world. It is also based in the USA and is known for the high-end features it offers to all users, whether they are beginners or experienced.
It was established in 2012 and takes pride in facilitating more than 43 million verified users spread across more than 100 countries.
The Coinbase exchange also supports some distinctive features, some of which are mentioned below among others.
- Supports Coinbase Pro for experienced users
- Coinbase Learn and Earn feature
- One of the safest exchanges
- Fully licensed and regulated
- Several payment methods supported
- 55 crypto assets supported
- Technologically advanced mobile application
- Use of leading-edge security protocols
Gemini
Another one of the popular crypto exchanges is the Gemini exchange. This exchange is well-known and is based in the USA as well.This platform aims to allow people to purchase Bitcoin or any other supported digital currency instantly. It is a peer-to-peer trading platform and is available in 50 American states.
More attributes of the exchange that put it among some of the most popular crypto exchanges are as follows:
- Supports more than 60 digital assets for trading
- Supports multiple payment methods
- Suitable for new and experienced traders alike
- Supports ActiveTrader platform and offers advanced tools
- Fully licensed and regulated exchange
- Offers interest in crypto holdings
Binance
The Binance exchange is probably at the top of the list of popular crypto exchanges as it is the largest cryptocurrency exchange in the world. It was launched in 2017 and now has the highest market cap.
This exchange not only attracts a vast audience due to its market cap but also thanks to the high-end features it offers. Some of the top reasons why this platform is popular are mentioned below.
- Supports more than 400 trading pairs
- User-friendly interface
- One of the safest exchanges
- Separate trading interfaces for new and experienced traders
- Supports various payment methods
- One of the lowest and transparent fee structure
- Supports staking
- Impressive customer support services
Conclusion!
The popular crypto exchanges are many and are widely used and known for several reasons. As a new crypto investor or trader, it is important that you know your popular options and then opt for the one that suits your needs the most.