Top 5 Best Cryptocurrency Exchanges

Updated: 19 hours ago

When choosing a cryptocurrency exchange, there are many factors to consider, such as the available supported coins, security, fees, and payment methods.

 
Top 5 Best Cryptocurrency Exchanges

Table of Contents:

Introduction

Binance

Kucoin

Gemini

Uniswap

Final Take


Introduction

If you have decided to buy cryptocurrencies, opening an account on an exchange is a great way to get started. Crypto exchanges make it easy for you to access various services crypto has to offer, depending on your choice of exchange.


It functions the same way as an online brokerage platform, allowing you to quickly top up your account with fiat and buy and sell your crypto like Bitcoin, Ethereum, and XRP without worrying about technicality.


When choosing a cryptocurrency exchange, there are many factors to consider, such as the available supported coins, security, fees, and payment methods. We have considered and compiled a list of these factors to help you find the right cryptocurrency exchange.


Our Top 5 Picks for Best Cryptocurrency Exchanges

These exchanges are typically available worldwide, and exchanges that are exclusive to a single country will not be included.

Binance FTX Kucoin Gemini dYdX

Binance

Binance has over 350 cryptocurrencies for you to buy and sell. There are many payment methods for you to choose from, but the most notable method is P2P, which does not incur any fees as you are dealing directly with the buyer/seller.


Binance has an impressive fee of 0.1% (maker/taker). Even though it is not the lowest amongst other crypto exchanges, we picked Binance because of its zero BTC Spot Trading fees. Meaning you can buy and sell BTC without any fees!


Kucoin

Kucoin is among the few exchanges with the most cryptocurrencies available for trading on its platform. They have more than 600 cryptocurrencies for their users to trade. Like Binance, Kucoin has a variety of payment methods and the feature of buying through P2P.


Aside from the variety of cryptocurrencies available and payment methods, Kucoin allows users to use their sophisticated trading bots. From grid trading bots to DCA bots, users can choose which bots suit their needs. If you do not have time to trade, you can consider using these bots to help you instead.


Gemini

Gemini has much lesser cryptocurrencies available for trading as compared to the previous picks with less than 100 listed cryptocurrencies. Gemini also has a limited amount of payment methods to choose from. So if you are looking for on-ramping services, you can consider using our platform.


The real gem of Gemini lies in their security. Gemini stated that they have $200 million in crypto insurance coverage, all users' crypto is also insured, and with extra measure, the majority of their cryptocurrencies are stored in cold storage. They are also the first cryptocurrency exchange to receive ISO 27001 certification. After all that, if you still feel unsafe, they allow users to buy additional insurance to cover their crypto and support hardware security keys, like Yubikey, to allow a more secure 2FA.


Uniswap

Uniswap is a decentralized cryptocurrency exchange (DEX) on the Ethereum blockchain. DEX does not require users to provide personal information in order to trade on the platform or use a third party to carry out cryptocurrency transactions. You can read more about why you should use DEX instead of Centralized Exchange (CEX) here.


Uniswap has the highest volume amongst all the other DEX platforms. 60% of the total volume of DEX belongs to Uniswap and the average trading volume on Uniswap during a 24-hour period exceeds $1.5 billion.


Final Take

With each cryptocurrency exchange having its own unique selling point does not mean that you can only choose one. You can use multiple cryptocurrency exchanges, each for its own function. For example, you could use Binance to spot trade or Kucoin to utilize their trading bots. However, if you are using multiple crypto exchanges, it is advisable to keep a spreadsheet to keep track of all your assets on crypto, as you might not remember where all your investments are at.