Which exchange is best for future trading in crypto?

Which exchange is best for future trading in crypto?

Crypto exchanges are where traders can buy, sell, and convert different cryptocurrencies. They are necessary for cryptocurrencies to be traded at the scale they are today. Some exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products.Which exchange is best for future trading in crypto?learn about the best cryptocurrency exchanges, how they work, and which one you should pick.

1. Binance

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Binance platform is trusted by millions worldwide, and features an unmatched portfolio of financial product offerings.

Founded in 2017 by Changpeng Zhao, Binance quickly became a leading cryptocurrency exchange and has its own crypto called Binance Coin. Binance offers users ways to purchase crypto assets directly using fiat currencies or a credit card. Binance can be accessed through its website, desktop, or mobile app.

Binance ecosystem

  • Binance Exchange

Binance Exchange is the largest crypto exchange by trade volume.

  • BNB Chain

BNB Chain is a community-driven blockchain software system with developers and contributors from all over the world.

  • Trust Wallet

The official wallet of Binance, Trust Wallet, is a secure, decentralized wallet where users can send, receive and store their digital assets.

  • Research

Binance Research provides institutional-grade research reports, data-driven insights and analysis for investors in the crypto space.

  • Launchpad

Binance Exchange is the largest crypto exchange by trade volume.

  • Labs

Binance Labs is an infrastructure impact fund and an initiative to incubate, invest in, and empower blockchain projects.

Binance Review: Pros and Cons

  • Pros:

  • Very low fees

  • Ease of use, quick trading times

  • Ability to buy and sell crypto with fiat

  • Wide range of cryptocurrencies

  • High liquidity

  • One of the most innovative exchanges

  • Cons:

  • No fiat currency trading pairs

  • No phone for customer support

  • Experienced security breaches in the past

  • No privacy-preserving measure

Binance is a crypto trading platform that offers some of the most competitive fees around. Whether you’re a beginner or a seasoned trader looking to trade crypto, this is probably the easiest and cheapest way to go.

While its platform is capable of handling a large volume of trades without suffering a significant slowdown in transaction times, it does experience its fair share of issues from time to time, including unexpected maintenances and security vulnerabilities. Despite that, it remains one of the most important exchanges in the cryptoverse.

The platform accepts users from around the world and has received favorable reviews from the crypto community. The exchange has also partnered with 3rd party companies such as Simplex, to allow credit card and wire transfer purchases of cryptocurrencies at a premium. US users must trade on Binance-US, which differs slightly from the Binance service available to the rest of the world – however it is much more compatible with US trade regulations.

2、OKX

OKX is a Malta-based cryptocurrency exchange founded in 2014 that has been serving millions of users in over 100 countries, ranking 4th in terms of trading volume per our research and OKX review. Apart from cryptocurrencies, OKX also offers spot trading, futures trading, and derivatives trading. As such, it is considered the world’s largest spot and derivatives exchange (also in terms of trading volume). 

The exchange started its journey from Hong Kong and later expanded its operations to Malta after the Maltese government adopted an altogether friendly approach to cryptocurrency investment and trading. OKX is an innovative cryptocurrency exchange with advanced financial services. Enjoy hundreds of tokens and trading pairs. With OKX, you can join one of the leading crypto exchanges by trading volume. We’re serving millions of users in over 100 countries. We’re providing spot, margin, futures, options, perpetual swaps trading, DeFi, lending, and mining services.

Features of OKX Exchange

  • The OKX trading platform hosts some of the innovative features that make it one of the top cryptocurrency exchanges and in the world.

  • Easy to use interface allows both beginners and more experienced traders to trade crypto on the platform.

  • Offers a huge selection of trading assets – more than140 digital tokens and over 400 BTC and USDT pairs.

  • Allows multiple payment options like debit card, credit card, wire transfers, Google Pay,  etc.

  • Offers a wide range of crypto trading solutions like spot trading, margin trading, DEX trading, futures, options, perpetual swap, quick trade (one-stop marketplace).

  • Low fee structure based on market taker and market maker model.

  • Zero deposit fees and also low withdrawal fees.

  • Robust security measures.

  • Excellent 24/7 customer service.

  • OKX academy provides a great education section for beginners.

OKX Review: Pros and Cons

  • Pros    

  • Low trading fees.     

  • Zero OKX deposit fees.     

  • Accepts multiple payment methods.     

  • Huge selection of crypto coins.    

  • Allows an extensive range of pro-trading options like spot, futures, and derivatives trading. Also, offer margin trading.    

  • It has an easy interface together with a separate mobile application.

  • Cons    

  • US citizens are not allowed.

  • Demo account not available.

  • There are limitations for withdrawals.

3.Huobi

Huobi is one of the largest cryptocurrency exchange Singapore platform based initially in Beijing but currently headquartered in Singapore. The exchange supports both ICO tokens and cryptocurrencies and emphasizes the future development of the Blockchain economy. It also has crypto trading bot feature, known as “Huobi Trading Bot”, which allows users to have flexibility of crypto bot trading.

After its relocation in Singapore in 2020 following a ban imposed by the Chinese government on ICOs and fiat to crypto trading, Huobi established its offices in other parts of the world like Hong Kong, the USA, and South Korea, and started to explore the crypto markets in Japan. However, the crypto ban in China and Huobi’s expulsion from the nation could not prevent the crypto exchange from its operations, and it presently has over 3 million active account holders.

Quick Overview of Huobi

  • The Singapore-based cryptocurrency exchange was initially founded in Beijing.

  • Offers an extensive list of supported cryptocurrencies.

  • Offers an insurance policy cover to users to safeguard their assets held in the exchange.

  • Multiple channels to reach the customer support team.

History of Huobi

Huobi’s history starts with Leon Li, a former Oracle engineer who, in 2013, purchased the Huobi domain before taking up BTC live trading later in that year. Prompt to capitalize on the momentum gained around the emerging Bitcoin market in China, Huobi harnessed investments from leading investors, including the Sequoia Capital group.

Soon after its launch, Huobi proved that capturing the crypto market share is no rocket science, and the exchange made over $4 billion in turnover in just three months following its live launch. By 2014, the exchange had quadrupled its turnover and proved that it would finally fulfill Asia’s digital asset exchange needs.

As per Huobi review, the exchange reported a turnover of $247 billion in 2016, which is almost half of the world’s cryptocurrency exchange market share. However, everyone knows that the cryptocurrency market is always unpredictable.

To everyone’s surprise, it was improved when the Chinese authorities dropped the banhammer on the cryptocurrency exchanges operating in China last year. To combat this blow, Huobi, in just one move, decided to pull out all of its crypto operations from China and devised an alternative plan.

It was then that Huobi relocated to Singapore, and until this moment, it laid all its focus on the Chinese market. However, now that the exchange was out of China, it had to reinvent itself elsewhere to survive in the crypto industry. Thus, the crypto exchange began to globalize its operations; it began exploring markets in Japan, Russia, Korea, etc.

Services Offered by Huobi Exchange

Huobi provides the following core services to its users:-

An Extensive List of Trading Pairs

Like many exchanges, Huobi offers an extensive list of digital currencies available to trade. Huobi’s wide selection of available crypto pairs focuses more on bringing in projects from Asia. For the same reason, it is also considered the best crypto trading destination for more upcoming projects from Korea, China, and Singapore.

User Protection Fund

Much like the leading regulated exchange like Binance’s that offers an insurance policy called SAFU, Huobi channels its profits into its ‘User Protection Fund,’ which is more like an insurance policy to cover against thefts, hacks, or other unforeseen events that may affect the users’ wallets. This is a massive plus for its customers because getting an insurance cover like this means an assurance of getting their funds back if anything goes out of control while trading on the exchange.

Derivatives and Margin Trading

The founders of the Huobi realized that it is not enough to provide a trading platform for cryptocurrency only; clients seek something more from the exchange to survive in the cryptocurrency market. Thus, it launched its own derivatives products for both Swap trading and Futures markets.

Soon after launching its derivative products, Huobi focussed on margin trading, and now it is one of the market leaders offering support for C2C and Margin lending.

Institutional Trading Accounts

As one of the largest crypto exchanges, Huobi has attracted institutional investors and traders from all over the world. To cater to the needs of these institutional traders, it has launched a separate trading desk that involves both OTC (Over-the-counter) and dark pool trading.

Smart-Chain Analysis

The Smart-Chain analysis is a very useful value-added functionality offered on the Huobi platform. It provides insights to the users on various blockchain assets and more than 50 different trade indicators.

Huobi API

Huobi global allows its users to code their crypto trading bots via the Huobi API key or the REST API.to begin trading with the Huobi API, users first need to generate their API key that they should not share with anyone.

Huobi Review: Pros and Cons

Pros    

  • Impressive user interface.      

  • The Main exchange supports over 300 cryptocurrencies and tokens.      

  • Employs high-level cyber security mechanisms.    

  • Responsive customer support team.    

  • Huobi users enjoy the right to vote on the alternative HADAX exchange that supports multiple altcoins.

Cons

  • Does not support fiat deposits and withdrawals.

  • The verification process is a bit lengthy.

Huobi Review: Conclusion

Thus, the Huobi exchange review confirms that the platform is indeed a reliable one. Apart from the other unique features that the platform hosts, the User Protection Fund surely deserves a special mention. It is pretty impressive for a platform like Huobi to set aside reserve funds for users that will act as an insurance cover if any unforeseen breaches or hacks occur, which is truly commendable.

4、MEXC

Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started. This magnificent achievement is a significant milestone, and MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey.MEXC Global has applied for enforcement licenses in five countries since its inception, namely Switzerland, Canada, Australia, and the United States. English, Russian, Korean, Portuguese, Turkish, Vietnamese, Hindi, Malay, India, Africa, and other language areas or nations have users.

MEXC has presence over and across major continents and jurisdictions around the globe and is regulated, either directly or through affiliates, by some of the world's most renowned jurisdictions. MEXC Global also offers localized language support for investors from different countries, making it easier for them to trade. The exchange at MEXC Global is a high-performance trading engine which has been developed by experts from the banking industry and is capable of completing 1.4 million transactions per second, which results in groundbreaking efficiency and enhanced performance. User security is of top priority at MEXC Global because of which our servers are hosted independently across multiple countries ensuring optimal data integrity and security.

MEXC Review: Pros and Cons

  • Pros:

  • Second-to-none trading experience and platform.     

  • Compatible with a broad array of cryptocurrencies.

  • Affordable trading fees.

  • Availability of a mobile app.

  • Cutting-edge security features.

  • Multiple payment methods.

  • Cons:

  • Unclear fiat deposit and withdrawal fees

5、Gate.io

One of the world's top ten digital currency trading platforms, focusing on the safe trading and hassle-free cryptocurrency journey.Founded in 2013, Gate.io has strived to provide its users with the best trading experience in the last 8 years. In terms of trading volume, Gate.io is one of the top 10 crypto exchanges in the world listing crypto assets that are great in quality and have a high rate of return.

Headquarters:George Town, Cayman Islands

Listed Cryptocurrency:800 Leading Cryptos

Trading Pairs:1000+

Supported Fiat Currencies:23 Fiat Currencies Supported

Supported Countries:All the Countries in the World except for the Following; Washington, New York, Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea.

Transaction Fees

Spot Markets

Maker: 0.2%,Taker: 0.2%

Futures Markets

Maker: 0.00%,Taker: 0.050%

Gate.io Review: Pros and Cons

  • Pros    

  • The platform operates globally in more than 400 markets and over 800 cryptocurrencies.     

  • Amazing IEO (initial exchange offering) platform.     

  • Robust mobile application.    

  • Multiple features, including spot trading and margin trading with 10x leverage.    

  • Highly secure exchange.    

  • 24/7 customer support.

  • Cons

  • Unregulated exchange.

  • Not recommended for beginner traders.

6、Bitfinex

Bitfinex is one of the oldest and best crypto exchanges in France and in the world, founded in 2012. The Bitfinex headquarters is based in Hong Kong and managed by iFinex Inc. It is one of the most liquid exchanges in the world that deals in digital tokens (BTC/USD pairs) along with seven other major Altcoins like Ethereum and Monero.

Bitfinex's mission is to give our users the ultimate cryptocurrency trading experience.Bitfinex strives to achieve it by providing our users with state-of-the-art trading tools, innovative technology and unparalleled levels of customer service.

The digital asset space is evolving at a breakneck pace. To keep up with such rapid technological innovation requires an equally forward-thinking and agile approach. Bitfinex provides state-of-the-art digital asset trading services for our users and global liquidity providers.

We firmly believe that the best cryptocurrency trading experience should be available to everyone.

Listed Cryptocurrency:100+

Trading Pairs:300+

Supported Fiat Currencies:USD/EUR/GBP/JPY/CNH

Supported Countries:Bitfinex is available worldwide except few countries

Minimum Deposit:10,000 for USD/EUR/GBP,

Deposit Fees:0.100% (min 60, USD/Euro)

Transaction Fees:0% to 0.200%

Withdrawal Fees:Depending on crypto

Bitfinex Review: Pros and Cons

  • Pros    

  • Suitable for experienced traders.     

  • Supports over 100 crypto coins.     

  • Ethical- paid back all the losses to traders who suffered the 2016 crypto hack on the exchange.     

  • High Liquidity.     

  • Allows bank wire deposits and withdrawals.     

  • Cons

  • Does not support US clients.

  • High trading fees.

  • Not a regulated exchange.

  • Customer support team can only be contacted via email

  • Does not allow any debit/ credit card or e-wallet deposits.

7、Coinbase

Coinbase powers the cryptoeconomy

Customers around the world discover and begin their journeys with crypto through Coinbase.

Approximately 103 million verified users, 14,500 institutions, and 245,000 ecosystem partners in over 100 countries trust Coinbase to easily and securely invest, spend, save, earn, and use crypto.

Coinbase is the best crypto exchange UAE and best in the world with over 56M verified active users. Coinbase enables you to buy, sell, and trade-in in popular cryptocurrencies like Bitcoin. Coinbase is a globally recognized exchange, that facilitates all crypto with fiat currencies in more than 32 countries, and also recognized as one of the most valuable public companies in the US. It holds over $20 billion in assets and over $50 billion in crypto that has been traded using its platform. It was founded in 2012 by Brian Armstrong and Fred Ehrsam in San Francisco, California. This exchange was rebranded in the year 2016 to Global Digital Asset Exchange (GDAX). Recently Coinbase Global Inc. was listed on Nasdaq with over valuation of 75 billion and the stock was opened at $381.

Listed Cryptocurrency:3000+

Trading Pairs:150+

Supported Fiat Currencies:USD, EUR, GBP

Supported Countries:100+

Minimum Deposit:$2

Deposit Fees:ACH – Free / Fedwire – $10 / Silvergate Exchange Network – Free / SWIFT – $25

Maximum Daily Buying Limit:$25K/Day

Transaction Fees:$0.99 to $2.99

Withdrawal Fees:0.55% to 3.99%

coinbase Review: Pros and Cons

  • Pros    

  • The platform has an easy and simple to use interface     

  • Coinbase accepts major cryptocurrencies and fiat currencies     

  • The website offers an exclusive platform for advanced traders called Coinbase Pro     

  • The mobile app has all the features of the desktop     

  • Very high liquidity    

  • It has a solid variety of altcoin choices

  • Cons    

  • oinbase is not available in a few countries

  • Compared to its competitors, Coinbase trading fees and exchange fees are a bit high

  • User does not control wallet keys

  • Those interested in altcoin trading won’t find as many as some other exchanges

8、KuCoin

Find the Next Crypto Gem on KuCoin.1 Out of 4 Crypto Holders Worldwide Is with KuCoin.KuCoin is a crypto exchange headquartered in Seychelles. KuCoin cryptocurrency exchange’s service is not limited to buying and selling or exchanging crypto tokens for altcoins or fiat currencies. 

Behind KuCoin are two tech geeks who were early blockchain adopters. Having started coding at the age of 8 and founded his first startup at the age of 16, Michael immediately started to mine BTC when he heard about Bitcoin from his boss Eric in 2012. But when he tried to sell some BTC on Mt. Gox, he discovered that what was the world's largest platform at the time was difficult for beginners to use. As the adoption of blockchain continued, Michael and Eric realized that it was reshaping the financial system into one that would not only serve richest few, but everyone in the world — even the less educated, unemployed, and unbanked. By the end of 2013, they wrote the first pieces of KuCoin's of code in a cafe, starting a People's Exchange that would allow all to get involved with crypto.

Listed Cryptocurrencies:600+

Trading Pairs:1000+

Supported Fiat Currencies:50+

Supported Countries:UK, US, Canada, Australia, Singapore, India, Russia, & more

Minimum Deposit:No

Deposit Fees:No

Transaction Fees:

For Spot

Maker Fee – 0.1% to -0.005%

Taker Fee – 0.1% to 0.025%

For Futures

Maker Fee – 0.02% to -0.015%

Taker Fee – 0.06% to 0.03%

Withdrawal Fees    Depends on the currency involved

KuCoin Review: Pros and Cons

  • Pros    

  • Over 600 cryptocurrencies are supported.     

  • Multiple payment methods.     

  • Supports exchange of fiat-to-crypto and vice versa.    

  • Easy to download mobile apps for android and iOS devices.    

  • Availability of micro withdrawal wallets.    

  • Comparatively low trading fee.

  • Cons

  • Does not support trading of fiat pairs.

  • Different trading pairs supported different markets.

9、Kraken

Building the Internet of money

As one of the largest and oldest Bitcoin exchanges in the world, Kraken is consistently named one of the best places to buy and sell crypto online, thanks to our excellent service, low fees, versatile funding options and rigorous security standards -- but this is only part of the story. We’ve been on the forefront of the blockchain revolution since 2011.

Kraken is the best UAE cryptocurrency exchange. It is a trading platform founded in the year 2011, which is San Francisco making it one of the largest and oldest exchanges & it provides just the right answer to all trading needs. You can buy and sell and trade many cryptocurrencies Kraken offers. With an extensive assortment of digital assets and natural currencies to its credit Kraken crypto exchange happens to be a renowned and oldest Bitcoin exchange in the world. The presence of Kraken is not limited to a specific place but worldwide. Operating from the main Headquarters in San Francisco, California, United States, Kraken’s trading platform is the pillar of trust by millions of traders from 190 countries around the world and garners unlimited likes and pleasant reviews by various channels, media houses, institutions, and authorities, including Germany’s BaFin, regulated Fidor Bank. The clientele of Cryptocurrency exchange Kraken includes Blockchain Capital, Digital Currency Group, Hummingbird Ventures, and Money Partners Group.

Headquarters:San Francisco, California, United States

Native Token:None

Listed Cryptocurrencies:56

Trading Pairs:250+

Supported Fiat Currencies:USD, EUR, CAD, AUD, GBP, CHF and JPY.

Minimum Deposit:Depend on the currency you choose

Trading Fees:Fees are charged on a per-trade basis.

Withdrawal Fees:Depend on currency

Customer Support:24*7 Live Chat & Online Support

Pros Review: Pros and Cons

  • Pros    

  • Trusted Crypto Exchange     

  • Supported in many countries     

  • Low fees or Reasonable fees     

  • Secure and Reliable – Safe to use     

  • 250+ cryptocurrencies to trade    

  • Cons

  • Not a beginner-friendly

  • Limited deposit options

  • Low Leverage

  • No tax support

10、Bitstamp

Bitstamp-Your trusted crypto exchange.Ever since inception in 2011, we have been aligning our aspiration to be a trusted partner in crypto with our actions. With unwavering trust in the blockchain, we aim to bring secure access to crypto to all corners of the world.

Bitstamp was launched in 2011; Damijan Merlak is the co-founder of Bitstamp. It has its headquarters in the UK and is registered in Luxembourg. It is one of the oldest cryptocurrency exchanges currently operating in the market, catering to different types of users, from beginners to advanced traders. Bitstamp lets investors exchange Ethereum(ETH), Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash with fiat. It allows customers to withdraw and deposit fiat currencies like USD, GBP, and EUR, using their debit and credit card.

Headquarters:London

Listed Cryptocurrencies:20+

Trading Pairs:50+

Supported Fiat Currencies:USD, EUR, GBP

Minimum Deposit :50 USD/EUR/GBP

Trading Fees:0.0% to 0.50% based on your total trading volume over the past 30 days.

Withdrawal Fees:Depend on crypto you choose

Customer Support:email ticket system

Bitstamp Review: Pros and Cons

  • Pros    

  • The platform supports wire transfers and currency transfers using USD, GBP, EUR, etc.     

  • Low fees and liquidity.     

  • Provides an advanced trading platform.     

  • The Platform offers a wide selection of altcoins for trading.     

  • Supports debit and credit card transactions.     

  • Dedicated customer support.    

  • Offers a wide choice of charting tools.    

  • Bitstamp follows best practices in verification and customer security standards, and is periodically audited to ensure it is adhering to regulations.

Cons    

  • Live customer support not offered by the platform.

  • International wire transfer  takes 2 to 5 business days.

  • Deposit and trading fee are quite expensive.

  • Slow verification process.

  • Bitstamp only lists five different cryptocurrencies, which are Bitcoin (BTC), Ethereum, Bitcoin Cash, Ripple, and Litecoin.