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Top 3 most trusted cryptocurrency exchanges for traders

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According to various sources, the number of new bitcoin addresses has doubled in the last year, and the number of transactions is constantly increasing. Companies such as VISA, MASTER CARD, PAYPAL, Micro Strategy have begun to actively support and work with cryptocurrency, and some countries such as El Salvador have generally recognized bitcoin as a payment system at the state level. This is an indication that the cryptocurrency will gain momentum over time.

Over the past couple of years, bitcoin has grown by 2,000%, and some altcoins have grown more than 100 times, which is the main reason for the interest of new entrants. First of all, before you start investing in the cryptocurrency market, beginners often ask these questions:

  • what are the top crypto exchanges?
  • what are the best and safest crypto exchanges?
  • which cryptocurrency platform is best?
  • what are the best crypto exchanges for beginners?

Top 3 cryptocurrency exchanges for traders

According to the FTX analytical report, the top 5 exchanges on which the largest volume is concentrated are: Binance, OKEx, FTX, Kucoin and Bybit. In this article, we will compile our top cryptocurrency exchanges and take into account such indicators as: trading volume, security level, convenience, customer focus, development and number of products provided by the exchange.

crypto exchange volume

Watch NOW on Youtube TOP 3 CRYPTO TRADING EXCHANGES!

1. In the first place, the well-known and beloved Binance exchange

The Binance Exchange is the most popular in the world. Virtually everyone who is involved in cryptocurrency knows about Binance and has used this exchange.

In terms of trading volume, Binance ranks first (at the time of writing – about a quarter of all spot and half of all futures trading takes place on this exchange.)

what is the best crypto exchange

The Binance Exchange was founded in 2017, and this is one of our best recommendations for cryptocurrency trading. A trading platform that offers some of the best conditions for trading. Whether you are a beginner or an experienced trader who wants to trade cryptocurrency, this is one of the easiest and cheapest ways to do it.

The platform works with users from around the world and receives the most positive feedback from the crypto community. Score on the Coinmarketcap service (1st place): 9.9 points. The exchange has its own BNB coin with a capitalization of $90 billion and a broad ecosystem.

Pros of the exchange :

  • Huge infrastructure and ecosystem of Binance

  • The most liquid platform

  • Security and reliability

  • Simplicity and convenience

  • Many different products (launchpad, launchpool, staking, farming, options, NFT etc.)

  • Futures trading using leverage up to 125x

  • Own blockchain

  • Ability to connect to the Trader Make Money platform, and monitor trading statistics

  • Ability to connect to the TigerTrade platform and analyze trading transactions in DOM and Footprint

Cons of the exchange :

  • Centralized system

  • Even despite the very high level of security, the possibility of hacking and burglary is not ruled out

  • Temporary failures during periods of strong market volatility

2.In second place there is one of the fastest growing and most convenient cryptocurrency exchanges – ByBit

Another interesting cryptocurrency exchange that is gaining popularity among new users. First of all – due to its simple and user-friendly interface for trading and a wide range of new cryptocurrency products.

bybit exchange

ByBit ranks fifth in terms of trading volume (at the time of writing – the volume reached 5 billion dollars, it should be noted that this figure is growing rapidly).

what is the best crypto exchange

The platform was founded in March 2018 and is one of the fastest growing cryptocurrency exchanges. With more than 3 million registered users it is a professional trading platform with ultra-fast trading algorithms and round-the-clock support service. Bybit provides a platform for trading in the derivatives and spot markets, stacking and DeFi mining services, and an API.

Pros of the exchange :

  • Simplicity and convenience
  • Many different products
  • KYC does not have to be verified
  • Derivative trading using leverage up to 100x
  • Price analysis tools
  • Permanent bonuses and contests
  • Low commissions

Cons of the exchange:

  • Centralized system

  • Less liquid compared to other top exchanges

  • Trade is not available to US citizens

 

3. In third place there is the FTX exchange, which successfully took one of the top places in two years.

FTX is primarily a cryptocurrency exchange, but it also has a fairly large spot market. Supports digital stocks, leverage tokens, OTC transactions and NFT marketplace. The team consists of employees of analytical firms and technology companies from Wall Street. Such as Jane Street, Optiver, Susquehanna, Facebook and Google.

ftx exchange

The Ftx cryptocurrency exchange is known as a trading platform "created by traders for traders". And also the fact that one of the investors and partners is the well-known exchange Binance. In terms of liquidity, the platform successfully ranks 3rd.

top crypto exchange

Pros of the exchange :

  • Accessibility

  • Derivative trading using leverage up to 101x

  • Price analysis tools

  • Low commissions

  • KYC registration is not required

  • Availability of insurance fund

Cons of the exchange :

  • Centralized system

  • New platform

  • Low level of trust

  • Interface complexity

Summary

Cryptocurrency exchange is one of the main elements of trading, it is very true that people are serious and responsible when choosing a trading platform. After all, the level of security, development and comfort of use may determine the trading results and security of your funds.