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List Of Top 9 Best Cryptocurrency Exchange Sites For Cryptocurrency Trading

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How to buy cryptocurrency? From where to buy cryptocurrency? Which are the best cryptocurrency exchange platforms? The world of cryptocurrencies is garnering interest but most people are yet to know more about basics. From the cryptocurrency itself to its operation during transactions, its protection using cryptocurrency wallets, and the best cryptocurrency exchange sites or crypto trading platforms, there’s always more to discover about these digital currencies. In this article, I have listed down the best cryptocurrency exchange sites as well as top bitcoin exchanges by volume. But if you are still a newbie, let us first understand quickly about What is Cryptocurrency?

 What is Cryptocurrency?

Cryptocurrencyas the name suggests, is a secret/hidden currency that exists in the records called a public ledger, just like the balance in your bank account’s passbook, talk time in your mobile phone, DTH, etc. It cannot be physically seen or felt but is used for online transactions, making and receiving payments, just like internet banking. A cryptocurrency is a virtual or digital currency that uses cryptography for its security. Read more details about what is cryptocurrency here.

What is Cryptocurrency Trading?

To make it simple for you to know about it, let’s make an analogy. Just like Forex is the trading of one currency against another, with the hope of making gains based on fluctuations of the value in world markets, Cryptocurrency trading is a similar concept. Just that in the place of cash or bank money, you would be trading using Cryptocurrencies like Bitcoin, Ethereum, Ripple, etc.

Therefore, Cryptocurrency trading is the best alternative way to get involved with the world of cryptocurrency, as it doesn’t require expensive cryptocurrency mining hardware or investing in cloud mining nor does it require technical expertise to build your own blockchain-based cryptocurrency.

There are more than a thousand cryptocurrencies that you can buy/sell/trade on various cryptocurrency exchange sites listed out below.

Advantages of Cryptocurrency Trading

There are several advantages that cryptocurrency trading has to offer.

  1. It doesn’t require expensive mining hardware or investing in cloud mining.
  2. It is quicker and easier to get started compared to Forex.
  3. In the case of digital currencies, you can easily escape regulations that are otherwise put by an authority like banks.
  4. It is also easy to get out of cryptocurrency trading as all you have to do is transfer your altcoins or cryptocurrencies out of the cryptocurrency exchange back into your cryptocurrency wallet.
  5. Another advantage is the low spreads. (The spread is the difference between the ask and bid price of the market maker. A smaller range means that when you are exchanging, you make very little loss whereas with Forex after you exchange you have already incurred a loss of at least 0.0018% which when dealing with significant monetary sums, is not an insignificant amount.)
  6. You also have the option to use leverage margin trading methods where you can trade an amount that you don’t have in the capital at that moment in time.

Also Read: Advantages and Disadvantages of Bitcoin

List Of Best Cryptocurrency Exchange Sites / Best Cryptocurrency Trading Platform To Buy Buy/Sell Altcoins

Following is a list of the best cryptocurrency exchange sites or cryptocurrency trading platform to buy/sell/exchange altcoins:

ChangeHero:

ChangeHero is an instant cryptocurrency exchange making crypto swaps super easy. The platform is non-custodial, and users can exchange over 100 cryptocurrencies without an account. ChangeHero was founded by a group of experienced blockchain developers in 2017.

A user can choose from two types of transactions: Best Rate and Fixed Rate. In both cases, ChangeHero provides you with the best possible rate. There is also an option to buy cryptocurrencies with a credit card.

ChangeHero’s user-friendly interface makes it the go-to choice for a beginner to exchange crypto. There is also no need to interact with order books as ChangeHero takes care of everything in the background and gives all the necessary info to the users.

ChangeHero has a Telegram Exchange Bot that lets the users swap cryptocurrencies in the Telegram messenger. The support team is available 24/7 to assist the users to solve any issues they may face.

Follow ChangeHero on Twitter: https://twitter.com/Changehero_io
Subscribe to ChangeHero’s Telegram Channel: https://t.me/CHCryptoNews

PAXFUL:

Founded in 2015 by Ray Youssef and Artur Schaback, Paxful is one of the leading peer-to-peer (P2P) cryptocurrency exchanges and digital wallet providers globally, with over 5 million users. The platform has offices located in three continents, employing over 200 professionals. It also funds an initiative called #BuiltWithBitcoin launched in 2017, which aims to build 100 schools, water wells, and community gardens for sustainable farming in developing countries in Africa.

Paxful makes it easy for users to buy Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) with nearly 400 payment methods combined with a secure escrow service for all crypto transactions. Users may trade in Paxful via their desktop browser, mobile app, or Telegram. There is no extra fee for buying Bitcoin from Paxful. However, there is a 0.5% to 5% fee when selling depending on the payment method. What’s even great about Paxful is that it offers a Peer Program that allows users to earn up to 150 USD in BTC every month, take part in regular giveaways, and enjoy other exclusive platform benefits.

Follow Paxful on Facebook: https://www.facebook.com/paxful 

Follow Paxful on Twitter: https://twitter.com/paxful

Follow Paxful on Instagram: https://www.instagram.com/paxful/

Binance Cryptocurrency Exchange

Founded by Changpeng Zhao, famously known as “CZ” Binance is one of the fastest-growing cryptocurrency exchanges. Binance cryptocurrency exchange concluded its ICO some time back and offers its own native tokens called BNB coin. BNB coin can be used for trading cryptocurrencies and offers an extra discount in fees. Although it is based out of China, it doesn’t serve its native country but is open to almost all countries around the world. Binance Cryptocurrency Exchange is now placed on the list of top 10 cryptocurrency exchanges in the world.

Binance Cryptocurrency Exchanges now has more than 140 altcoins listed on its platform. Recently, attempts were made to hack the Binance cryptocurrency exchange. Following the event, the Binance team got alarmed and realized the need for decentralized cryptocurrency exchanges. Binance has announced to launch its own Blockchain and introduce the facility of DEX, i.e Decentralized Cryptocurrency Exchange. Binance’s fee structure is also unique. To start with they have a 0.1% standard trading fee which is already quite less than other peers. You can even reduce your fee further if you pay your trading fee in BNB according to the below-shown structure.

Click here to register and start trading on Binance Cryptocurrency Exchange

Follow Binance on Twitter: https://twitter.com/binance

Follow Changpeng Zhao : https://twitter.com/cz_binance

Also Read: From Zero To Crypto Billionaire In Under A Year: Meet The Founder Of Binance – Changpen Zhao

Watch this video to learn “How To Use Binance Cryptocurrency Exchange” :

Bitfinex Cryptocurrency Exchange

bitfinex cryptocurrency exchange | bitfinex bitcoin exchange | list of best cryptocurrency exchanges | top cryptocurrency exchangesBitFinex is one of the largest cryptocurrency exchanges in terms of volume and users is owned and operated by iFinex Inc. It is based in Hong Kong and is operational since 2014. Bitfinex cryptocurrency exchange has trading fees of 0.1% for makers, and 0.2% for takers. Some of the advanced trading tools offered by Bitfinex cryptocurrency exchange are:

  • limit orders,
  • stop orders,
  • trailing stop,
  • fill or kill,
  • TWAP

Bitfinex Cryptocurrency Exchange also offers leveraged margin trading through its unique peer-to-peer funding market. It offers a margin trading with a leverage of upto 3.3X To get started on Bitfinex, you need to register yourself using e-mail and password and you are eligible to start cryptocurrency trading. Although cryptocurrency withdrawals may be restricted to a certain amount, you can increase your withdrawal limit by doing KYC.

Bitfinex cryptocurrency exchange also offers its mobile app version which is available both on Android and IOS.

Follow Bitfinex cryptocurrency Exchange on Twitter: https://twitter.com/bitfinex

Watch this video below to learn more about Bitfinex Cryptocurrency Exchange

Bittrex Cryptocurrency Exchange

Bittrex cryptocurrency exchange is a US-based crypto-only exchange headquartered in Seattle, Washington. Bittrex was founded by  Bill Shihara and two business partners in 2013, all of whom previously worked as security professionals at Microsoft. Bittrex is a “crypto-only” exchange, meaning it doesn’t allow you to deposit fiat currencies such as USD, EUR, GBP, etc.

Bittrex is one of the largest cryptocurrency exchanges because of its high trading volume and the vast number of cryptocurrencies it has listed for trading. Here, the users (buyers/sellers) discover the rates at which they want to trade, and Bittrex charges them a small service fee for providing this platform (0.25%). To get started with Bittrex, you need to register and log in through your email ID, but to withdraw funds, you need to do a KYC by submitting your ID documents and phone number, as well as enabling two-factor authentication for higher limits. Bittrex cryptocurrency exchange supports two types of accounts:

  • Basic Account – withdrawal funds worth up to 3 BTC/day.
  • Advanced Account – withdrawal funds worth up to 100 BTC/day.

Follow Bittrex cryptocurrency exchange on Twitter: https://twitter.com/BittrexExchange

Watch this video below to learn “How to trade on Bittrex Cryptocurrency Exchange”

Poloniex Cryptocurrency Exchange

Poloniex cryptocurrency exchange, founded by Tristan D’Agosta in 2014 is based in Wilmington, Delaware. It was recently purchased by Circle. Poloniex offers only cryptocurrency exchange services and a user cannot buy Bitcoin or any other cryptocurrency using Fiat Currency. Although it offers cryptocurrency trading in exchange for USDT (Tether).

Poloniex cryptocurrency exchange has 0.15% fees for makers and 0.25% fees for takers.  Poloniex offers +100 cryptocurrencies to its users to trade. In 2017, Poloniex had the highest trading volume for Ethereum (ETH) because it supports an independent Ethereum market as well as a BTC market. Poloniex also has zoomable candlestick charts for 5-minutes, 15-minutes, 30-minutes, 2-hours, 4-hours, and 1-day, along with a stop-limit feature for advanced cryptocurrency traders.

Poloniex offers offline cold storage for client deposits and keeps a sufficient minimum balance online to facilitate active trading.

Follow Poloniex Cryptocurrency Exchange on Twitter: https://twitter.com/Poloniex

Follow Circle on Twitter: https://twitter.com/circlepay

Watch this video to learn “How To Start Trading On Poloniex Cryptocurrency Exchange”

The above four cryptocurrency exchanges i.e Binance, Bifinex, Bittrex, and Poloniex are the biggest in terms of volume of trading and users. All most of all trading/investing worth cryptocurrencies are listed on the above four cryptocurrency exchanges. However, as these cryptocurrency exchanges are the most sought-after cryptocurrency trading platforms, they have strict listing policies. The team behind these cryptocurrency trading platforms carefully reviews every cryptocurrency listing request and lists only a handful of them. Hence, there are chances that the cryptocurrency or crypto-token which you want to buy/trade may not be listed on these Big Four Cryptocurrency trading platforms. These cryptocurrencies are then listed on other crypto exchanges. Some of them are :

Huobi Cryptocurrency Exchanges

Huobi is a Chinese cryptocurrency exchange platform based in Beijing, China. Huboi cryptocurrency exchange was founded by Leon Li in 2013 and is one of the biggest Chinese Cryptocurrency trading platforms. Till October 2017 Huobi was offering the facility to purchase a limited number of cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ethereum Classic against USD. But in November 2017, Huobi launched its global cryptocurrency exchange/cryptocurrency trading platform Huobi.Pro

Huobi Group group offers the following kind of services:

Huobi.pro – Digital Asset/ Cryptocurrency Exchange

Huobi.io – Digital Asset/ Cryptocurrency Wallet. The Huobi wallet is available both on Android and IOS.

Huobi. in – Blockchain News Portal. ( Though the portal does have the English Language Version and displays only in the Chinese Language)

Follow Huobi on Twitter: https://twitter.com/huobicom

Follow Huobi. pro on Twitter: https://twitter.com/huobi_pro

OKEx Cryptocurrency Exchange

Okex was founded in 2014 and is based in Belize, with its main operation hub located in Hong Kong. OKEx is an international company specializing in blockchain technology & digital asset development and applications. Focusing on a digital asset-only exchange, OKEx also provides fiat-to-crypto currency, cryptocurrency-to-cryptocurrency, and derivatives trading services to global customers. Okex has a strong list of Venture Capitalists backing the cryptocurrency exchange including VenturesLab, a VC firm co-founded by Tim Draper who also invested in leading companies like Hotmail, Baidu, and Tesla.

Follow Okex on Twitter: https://twitter.com/OKEx_

Gate.io Cryptocurrency Exchange

Gate.io offers multiple cryptocurrency trading pairs such as BTC Market, ETH Market, USDT Market, QTUM market. Gate.io is a promising cryptocurrency exchange that offers the trade of all major cryptocurrencies. Gate.io has a functional mobile app and lets you trade cryptocurrencies on the move. The mobile app is available both on Android and IOS. You can also deposit or withdraw funds using the gate.io mobile app.

Create your free account on Gate.io and start trading cryptocurrencies.

Follow Gate.io on Twitter: https://twitter.com/gate_io

Liqui.io Cryptocurrency Exchange

Liqui.io is another cryptocurrency exchange and trading platform based in Kiev, Ukraine. The exchange offers a good number of cryptocurrencies for trading and exchanging and provides Margin trading and lending services. The fee structure of the Liqui cryptocurrency exchange is quite reasonable. Maker (0.1%), Taker (0.25%)

Market: Maker fee: Taker fee:
BTC 0.1% 0.25%
ETH 0.1% 0.25%
USDT 0.1% 0.25%

Follow Liqui Cryptocurrency Exchange on Twitter: https://twitter.com/Liqui_Exchange

Kucoin Cryptocurrency Exchange

KuCoin cryptocurrency exchange offers the trading of many popular and unique cryptocurrencies such as DragonChain, $KCS, and many others. KuCoin cryptocurrency exchanges also offer their own mobile app for trading cryptocurrencies on the go. The app is available both on Android and IOS.

Follow Kucoin on Twitter: https://twitter.com/kucoincom

NOTE: Whether you are a newbie to a pro in the cryptocurrency world, it is always advised to never store your cryptocurrencies on any cryptocurrency exchange or cryptocurrency trading platforms. Cryptocurrency Exchanges are centralized organizations that keep your crypto assets or crypto funds in their custody which is not safe at all. Also, these cryptocurrency exchanges are prone to hack attacks which can withdraw all the funds from the exchange. Thus, keep only that amount of your crypto assets on cryptocurrency trading platforms which are sufficient for trading. 

For long-term hold, always use cold storage physical hardware wallets. These hardware wallets give you access to your private keys and cannot be hacked as they remain offline. In case you want to know more about cryptocurrency hardware wallets, here is a list of best Bitcoin hardware wallets.” Also if you still don’t know what are public keys, private keys, paper wallets, etc read this article which will guide you on “How To Protect Your Cryptocurrencies”

So does the above mean that only a limited amount of cryptocurrencies should be kept on cryptocurrency exchange? What if you or any of your friend is willing to trade on any cryptocurrency exchange with a huge volume or big number of Bitcoins, Ethereum, etc. To answer that, well cryptocurrency exchanges take full precautions, but there are still chances that they can get hacked. A recent case was when Binance, one of the biggest cryptocurrency exchanges was attacked. Those accounts which were trading through APIs got affected. Though no loss of crypto funds was observed. Similarly, BitGrail was hacked and nearly around $195 Million worth of NANO Cryptocurrency was stolen. The founder Francesco Firano said:

“It’s Impossible to Refund the Stolen Amount”

Here come Decentralized Exchanges (DEX) to solve the above issue. DEX or Decentralized exchanges are the cryptocurrency exchanges which does not store your crypto funds in their asset. A user even has to not deposit any crypto. Decentralized Exchange provides cryptocurrency exchange mechanisms in a decentralized way. Here the user has to log into the exchange using his MyEtherWallet or any other wallet by entering the private keys of that wallet. These exchanges do not store your keys and neither do they store your funds. They just provide you a decentralized cryptocurrency trading environment and charge fees for providing the exchange/trading facility. See what Vinny Lingham, the Bitcoin guru says about DEX:

List of Decentralized Exchanges (DEX)

Following is a list of decentralized cryptocurrency exchanges:

  1. EtherDelta,
  2. IDEX,
  3. StellarDEX,
  4. WavesDEX,
  5. KOMODO or BarterDEX, and a few more.

Also Read:-  List Of Top Decentralized Exchanges (DEX) To Trade Cryptocurrencies

Some Important Tips For Cryptocurrency Trading

#1 Choose your Cryptocurrency: Before investing in any cryptocurrency, first, learn about it, follow the team behind that crypto on Twitter, understand their concept and problem that they are trying to solve as well as their future roadmap. Always do your own research before investing in/trading any cryptocurrency.

#2 Protect your cryptocurrency via several wallet options: To help protect the digital currency that you have bought, there are several wallets available in the market. They can from mobile, desktop, software, paper, or cold storage suiting one’s need. Once you have purchased your cryptocurrency from any of the cryptocurrency exchanges, it is suggested to withdraw the digital currency from the cryptocurrency trading platform and store it in the cryptocurrency wallets. Click here to read a list of different types of Bitcoin wallets to safely store your Bitcoins.

#3 Pick Cryptocurrency Exchange: There are cases where a particular cryptocurrency/altcoin is not listed on a particular cryptocurrency exchange. Once you have finalized the altcoin that you wish to buy, just search for the list of cryptocurrency exchanges which has listed your altcoin and buy it from there. Remember, not all cryptocurrency exchanges are safe. So don’t just buy altcoin from any cryptocurrency exchange. Make sure the cryptocurrency exchange is from the list mentioned above and always do your own research before depositing your crypto assets on any exchange. Once you have these two things, you need to pick your exchange of choice based on the information provided above.

#4 Google 2FA: Google 2FA is a security feature that is now being provided by almost every cryptocurrency exchange. Once you have set up your account on the cryptocurrency exchange, enable Google 2FA or Two-Factor authentication in the settings or privacy menu. Follow the steps mentioned there to enable Google 2 Factor Authentication. It would take not more than 2 minutes.

NOTE: It is strongly recommended to enable Google 2FA before making any transaction in the cryptocurrency exchange.

Also Read:

 latest crypto news and updates on KryptoMoney.com

Rohit Kukreja

Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market, and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.

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