Binance is a rapidly growing exchange that concluded its ICO on 21st July 2017 and raised 15,000,000 USD. The company is registered in Malta which is the crypto heaven and offers a blazing fast exchange.
Since its ICO to till date, it has grown tremendously and is now placed in the top 10 cryptocurrency exchanges in the world. It now has more than 190 altcoins listed on it which are only increasing as the days are passing.
Binance being a centralized exchange has taken a unique take to expand its business and also provides a decent discount for day traders if they use BNB coins. BNB is Binance Coin which is the native currency of this platform.
Binance has a global exchange that is idle for everyone and has the highest liquidity. Users from the USA can signup for Binance.us , Singapore users can signup for Binance Singapore. Use the table below to pick the idle Binance exchange for your jurisdiction:
|Binance Global||Sign up here (10% trading fees off)||For everyone (Users from all country) except the USA|
|Binance USA||Sign up here (Get $15)||For the USA users|
|Binance SG||Sign up here (Get 100 SGD)||Native exchange for Singapore users|
Binance’s fee structure is also unique.
To start with they have 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.
To get started with Binance you need to register using your email ID and the process is quite simple & fast. Binance is one of the few exchanges that offers mobile app for iOS and Android.
They also have aggressive plans like multi-lingual support, mobile apps for both iOS and Android users, Binance Angel Program, and the Community Coin Per Month, etc for more adoption of their platform.Create account on Binance
VCC Exchange is a Singapore-based digital asset exchange focusing on blockchain.
Our core competencies are heavily geared towards technology and user experience. We are users too, and we aim to provide you with a credible and transparent exchange, where users can actually trust and use in a long-run, not short-term usage.
With that in mind, as we grow, the role of VCC is not limited to a trading platform, but also blockchain startup crowdfunding, including IEO and incubation programs.
WHAT’S SPECIAL ABOUT VCC EXCHANGE?
Remitano is an online peer-to-peer escrowed marketplace that facilitates the buying and selling of cryptocurrencies. The cryptocurrency trading platform is designed to support the buying and selling of cryptocurrencies with both fiat and cryptocurrencies.
The platform allows users to connect with other cryptocurrency buyers and sellers in order to transact in a secure environment.
As an online crypto-exchange platform, Remitano has a global reach, servicing clients across more than 30 countries. Remitano is also one of the largest cryptocurrency exchanges in Malaysia, Nigeria, and Vietnam.
While Remitano has reach across more than 30 countries, it is worth noting, however, that counterparty numbers can vary significantly by geography. In some geographies, counterparties could be as few as just a few, while in the thousands elsewhere.
Countries that Remitano’s platform supports include Cambodia, Ghana, India, Kenya, Malaysia, Nigeria, Pakistan, Singapore, South Africa, Tanzania, and Vietnam.
The platform supports the most popular cryptocurrencies that include, but are not limited to, Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple’s XRP, and Tether.
Remitano accepts payments by bank transfer and in cryptocurrencies.
Fiat currencies supported by Remitano include, but are not limited to:
AED, ARS, AUD, BDT, BND, BOB, BRL, CAD, DOP, CHF, XOF, XAF, CNY, DKK, EUR, DZD, GBP, GHS, IDR, ILS, INR, JPY, KES, KRW, NZD, NOK, and more.
Remitano was founded in 2016 by Babylon Solutions Limited and is incorporated and headquartered in Seychelles.
Key attributes of the Remitano platform, which can be described as an all-in-one crypto exchange platform, include:
- Facilitates the instantaneous purchase of altcoins
- Supports the deposit of funds in both crypto and fiat currencies.
- Crypto-exchanges are made via an intermediary escrow platform, providing additional security.
- 24-7 customer support.
Bitfinex is a premier destination for seasoned traders all over the world and one of the top exchanges in terms of recognition and trading volume. It serves all except few countries in the world (mentioned below) and supports both fiat-to-crypto and crypto-to-crypto trades. Other notable features include margin trading, limit and stop orders, over the counter (OTC) trades, and others. While there are many options available, everything is laid out in an impressively intuitive fashion, with easy to navigate dashboards and menus. Yet despite the robust security measures, Bitfinex has been hacked twice (in 2015 and 2016). Since then it has significantly improved its security and compensated lost funds to every user.
- Web address: Bitfinex
- Support contact: Link
- Main location: British Virgin Islands
- Daily volume: 35276 BTC
- Mobile app available: Yes
- Is decentralized: No
- Parent Company: iFinex Inc
- Transfer types: Bank Transfer, Crypto Transfer
- Supported fiat: USD, EUR, GBP, JPY
- Supported pairs: 116
- Has token: –
- Fees: Low (Compare rates)
BitMex is a high volume crypto exchange created by a talented team of economists, high-frequency traders and web developers for the crypto community.
Here you will never find any issues regarding the liquidity of your cryptocurrencies.
The primary currency traded on this exchange is Bitcoin and its future contracts.
Apart from Bitcoin contracts, one can also play around with future contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple.
The registration process on BitMex is quite simple where you just need to register through your email ID and their fee structure is also quite straightforward as shown below:
|Coins||Leverage||Maker Fee||Taker Fee||Settlement Fee|
|Bitcoin Cash (BCH)||20x||-0.0500%||0.2500%||0.0000%|
6 . Cex
Let’s start this CEX.io review from the basics. CEX.io is a cryptocurrency exchange platform. It accepts multiple deposit types and supports several different digital assets. It is great for both advanced users and beginners getting started with buying and selling cryptocurrencies.
If you were wondering: Is CEX.io legit? Or, is CEX.io safe? The answer is yes and no. The site is certainly legit, as it has been registered in the United States as a Money Services Business. The agency that it’s licensed with is the Financial Crimes Enforcement Network (FinCEN). This means they’re highly unlikely to suddenly pull an exit scam on you!
CEX.io also provides users with protection under a level two DSS certificate. This means it has proved itself as having a certain level of security to store, process, and transmit payment card data.
That said, CEX.io should not be considered as completely secure. It is a cryptocurrency exchange, after all. The fact that they store vast amounts of different currencies makes it a big target for hackers.
The history of digital currency is full of examples of exchanges being hacked and there is nothing to suggest the future will be any different. This is why you should never store your cryptocurrency on an exchange! Instead, you should consider using a hardware wallet
CEX.io Review: History
CEX.io was founded in London, UK, in 2013. Originally, it was a cloud mining provider that owned the GHash.io mining pool. Back in 2014, GHash was one of the largest mining pools around.
In early 2015, the decision was made by CEX.io to stop providing cloud mining services. This was based on the low Bitcoin price at the time, as well as the fact that the company didn’t own any mining hardware. The GHash.io mining pool was terminated. However, CEX.io would live on, solely as a cryptocurrency exchange platform.Note: Cloud mining is a process of mining for cryptocurrency in a group or pool. Users share processing power in the cloud meaning they don’t need to own their own hardware. They are paid out a share of every block reward the pool earns.
CEX.io Review: Advantages and Disadvantages of CEX.io
✓ The great support section of the website. If you’re struggling to understand how to do anything on CEX.io, there is probably a page in the support section that explains it in a lot of detail. If not, the platform offers an easy-to-use email support form.
✓ The exchange offers several different trading pairs with multiple fiat currencies. This means you can buy and sell different cryptos with your chosen currency. There is no need to go back to Bitcoin first. Fewer trades means fewer fees!
✓ Easy to use and navigate around the website. Even the advanced trading windows are clean and clutter-free. This makes browsing the CEX.io website pleasure and great for beginners.
✓ There are options to margin trade (trade using borrowed money). This is a very risky form of trading and is absolutely not recommended for beginners!
✓ Registered and secure. The company is registered as a Money Services Business with FinCEN in the USA. It also has a level two DSS certificate meaning it is secure. As you can see this CEX.io review has many positive aspects.
✗ CEX.io doesn’t have a very long list of cryptocurrencies available. If it has never been in the cryptocurrency top ten by market cap, you can be sure you won’t be able to buy it at CEX.io. That’s a downside for this CEX.io review.
✗ No support for eWallet type services. You won’t be able to use PayPal, Neteller, or Skrill at CEX.io.
✗ As with any exchange, it is important to not put too much trust in its security. Every exchange could get hacked. It’s therefore important to not leave any money on the website, as I said earlier. This applies to both fiat currency and cryptocurrency.
7 . Paxful
Paxful is a P2P OTC trading platform – connecting Bitcoin buyers and sellers to trade via gift cards, PayPal, domestic bank transfers and other payment methods.
As a decentralized and non-trust service, Paxful said it recorded Bitcoin transactions with 70 different national currencies and $ 20-25 million (weekly) transactions throughout 2019.
While Paxful reported a steady uptrend since 2015, data from LocalBitcoins.com – a long-standing P2P cryptocurrency trading platform in the industry, has witnessed a wobbly supply pattern with high transaction volumes. most seen during the 2017 crypto price hike.
Despite this, the LocalBitcoins volume remained at $ 40-60 million (weekly) for most of 2018 through 2019 – despite the decline in the past few months to $ 40 million continuously throughout October. and November.
As noted, one of Paxful’s niche markets is exchanging retail brand gift cards for Bitcoin: the platform’s website reveals that Amazon gift cards are currently the most popular, followed by eBay, Steam and iTunes.
Coinbase is a U.S. based crypto exchange that serves the global audience. They are beginner-friendly and offers great speed and reliability.
Using CoinBase you can quickly buy cryptocurrencies and trade at the same time. They have an app for both iOS and Android, which gives you the comfort of exchanging cryptocurrencies from anywhere.
The security standard of CoinBase is really high and they have been around for many years. CoinBase is supported in almost all the continent (Africa, Asia Australia, Europe, North America, South America)
Coinbase also supports popular stable coins such as DAI, USDC which is an important aspect of any popular cryptocurrency exchange.Create free account on CoinBase
9. Change Now
ChangeNow is one of the easiest ways to get ahold of various cryptocurrencies.
ChangeNow has a proven track record of consistently good products being put out into the crypto-space.
One of the best things about ChangeNow is that you don’t need to go through any lengthy verification or registration process. It is a non-custodial exchange.
Currently, it supports more than 200 cryptocurrencies along with fiat pairs such as USD/EUR. It is one of the best and easiest to use crypto exchanges out there.
When you use ChangeNow to exchange cryptocurrency, the matching engine connects in real-time to some of the best and busiest cryptocurrency exchanges in the market to get you the best price.
Usually, when using ChangeNow, a crypto-to-crypto exchange takes 2 to 20 minutes.
There is no instance of a fee on ChangeNOW. All ChangeNOW’s profits come from successful trading and are already included in the rate, as well as all possible network fees. The amount you see is the amount you get, so you don’t have to worry about any hidden fees or charges.
All you need in order to buy from ChangeNow is a VISA/MasterCard (credit/debit card) and a wallet where you want to receive your new coins.
The procedure is very simple.
KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers many popular and unique coin such as DragonChain, $KCS, and many others. Just like Binance, they offer a fully functional mobile app for Android and iOS.
To get started with KuCoin, you can deposit any crypto of your choice ex: BTC and start trading. Personally, I have been using KuCoin for the past 2 years and they have been constantly adding new features.Create account on KuCoin
11. Huobi Pro
Huobi Pro is an international cryptocurrency exchange that originated in China but now has moved across the world to serve a maximum number of investors. It is based out of Singapore and has been operating in this space successfully for the last five years.
As we speak, it occupies the #3 spot on CoinMarketCap’s list of exchanges by volume and has 244 cryptocurrency pairs. Hence, needless to say, of this, you will never face liquidity problems on this exchange.
Their registration process is also pretty simple and straightforward, so go ahead and do the needful. Oh, and just so you know, the exchange fee is also pretty low. Have fun.
Bittrex is a US-based cryptocurrency exchange that provides you the option to trade more than 190 cryptocurrencies at a time. They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds.
Bittrex handles one of the largest BTC trading volumes out of all the exchanges in the world.
Here, the users (buyers/sellers) decide the rates in 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.
But one good thing about Bittrex is the account verification happens quite fast.
Bittrex 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.
Bittrex is a “crypto-only” exchange, meaning it doesn’t allow you to deposit fiat currencies such as USD, EUR, GBP, etc.
They provide access to advanced trading tools like candlestick charts and crosshairs, but the user interface is quite clean and intuitive, so newbies should have no problems.
Founded by Tristan D’Agosta, Poloniex has been operational since January 2014 and is undoubtedly one of the biggest cryptocurrency exchanges in the world.
It is based out of the United States and offers +100 cryptocurrencies to its users to trade.
When you talk about trade volumes, nothing beats Poloniex. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.
It is a crypto-only exchange, but you can start trading easily by depositing USDT (Tether dollars).
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 charges a fee of 0.15% to 0.25% on all trades depending upon whether you are a maker or a taker.
So if you are looking to trade a variety of altcoins, then you should give Poloniex a shot.
Remember: As soon as you sign up for Poloniex using your email, do make sure to enable two-factor authentication!Sign up for Poloniex
Using the above cryptocurrency exchanges will allow you to buy almost all of the cryptos you could ever want to buy.
However, there are a few more cryptocurrency exchanges that you should have an account with, as there are a few coins that are only available there. It’s a good idea to have an account on most of these, which will save time when you discover a winning coin.
I hope these insights help you in choosing the best cryptocurrency exchange for you to use.
But one word of caution:
- Don’t use these exchanges as a wallet to HODL your cryptos.
If you are storing cryptocurrencies on these exchanges for a few hours or even a few days for the sake of trading, then it’s probably OK. Otherwise, this is a bad practice.
Large-scale hacks like Mt. Gox can happen at any time. I would strongly recommend you to use the Ledger Nano S or a wallet like Atomic, where you can store a lot of different cryptos and control your private keys.
So now it’s your turn to tell me: Which one of these exchanges do you like the best? Also, what’s another great exchange that I haven’t listed here? Let me hear your thoughts in the comments below!