Which are the 10 Most Powerful Crypto Exchanges of 2018?
It is now 2018 and cryptocurrencies have become a force to be reckoned with in the world of business, trading, and economy. This is confirmed by the number of various crypto exchanges that have appeared in the last few years, which leads to an important question – which ones are the best?
Crypto exchanges are online trading platforms designed to trade in cryptocurrencies. By using them, those who buy and sell cryptos can use traditional fiat currencies to buy cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), TRON (TRX), and the like.
The best crypto exchanges in 2018
Binance is a relatively new exchange, but it can already be found on many lists like this due to its popularity. It is based in China and it became popular mostly because of its extremely low trading fees. It supports many cryptocurrencies, and it is available in multiple languages, including English, Chinese, Japanese, Korean, French, Russian, and Spanish. The exchange also started its own coin called BNB, or Binance token, to fund its development. It is deemed safe, with no serious security issues, and its customers claim that it is also extremely fast and effective.
Coinbase is a six-year-old exchange in 2018 and it serves as a trading platform and crypto wallet. It offers a limited number of currencies, but it has already started working on expanding the list. It has a reputation as one of the most secure platforms in the world, which is why it is popular in many countries around the globe. It is also extremely user-friendly, but it has higher fees. If someone chooses to buy cryptos via their credit card, the fees include 3.99%, while bank transfers cost 1.49%. Choosing a right way to make a purchase can save you fees, depending on how much you are willing to buy, which is something to keep in mind.
Cex.io is a great exchange for novices and professionals alike. It offers a large variety of services and it allows for easy trading of both cryptos and fiat. It is secure, has low fees, high liquidity, and it is up for almost 100% of the time. Additionally, it allows cross-platform trading and a highly-personalized trading dashboard for professional BTC traders. It has a brokerage service for novices to quickly buy Bitcoin in a safe and easy way. Its fees are very low for credit card users, and non-existent for those using bank transfers.
Coinmama is an exchange that covers around 200 countries, making it one of the most available crypto exchanges. It is an experienced broker platform for Bitcoin and Ethereum purchases via cash and credit card. It is a great platform for buying cryptos via your local currency, due to its availability. The exchange itself is based in Israel and has slightly higher fees than other exchanges. To make up for that, however, it sets the buying limit much higher than some others.
Bithumb is a Korean exchange that has quickly become one of the most popular in Asia. Because of that, it mostly lists coins which are accepted and supported by the Asian market. Its trading list includes up to 30 currencies, which can be bought via Korean Won (KRW), but it doesn’t accept the USD. Its trading fees are low, and the deposits are free, except for some which depend on the coin being traded. The security of the exchange is very tight, consisting of a 4-stage process that makes the user confirm their name, location, phone number, and email. While it is great for those living in Korea, it can be less convenient for those living outside of Asia.
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