Jan 8, 2019 07:18 UTC
Jun 10, 2020 at 17:44 UTC
Top 10 Cryptocurrency Exchanges for 2019
As we move well into the new year, we are considering a list of the top 10 cryptocurrency exchanges for 2019 so you can make an informed choice about which exchange to go for.
The following is a list of all the top 10 cryptocurrency exchanges for this year that you need to watch out for, including most of our previous list of top 5 cryptocurrency exchanges overall.
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Often touted as the largest exchange of the crypto market, Binance has steadily risen the charts in terms of popularity and credibility.
Even though Bithumb managed to overtake in terms of daily volume in December 2018, Binance remains a major player in the business.
Not only does it have a wide variety of coins you can trade on, but also has an immensely user-friendly interface that makes crypto trading a breeze.
Binance has made some smart business moves as the world moved from 2018 to 2019, even launching a blockchain of its own, called the Binance Chain. It also has a native cryptocurrency, the Binance coin, that helps facilitate smoother transactions.
Statements from the CEO of the exchange lead us to believe that it plans to launch more interesting initiatives this year.
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The Gemini Exchange is also a well-known one, founded by the famous Winklevoss Brothers.
It offers a more limited range of coins to choose from, than Binance and its trading pairs are mostly restricted to USD, BTC and ETH.
Even so, its ease of use, credibility in the market, security compliance all lead to its reputation as a leading exchange in the crypto sector.
However, it has been recently trying to add more crypto options such as ZCash which definitely adds to the popularity of the exchange.
Kraken, a reputed exchange option, manages to get past occasional issues with its uptime by giving users a feature-rich experience.
The transaction fees are low, liquidity is extremely high, the speed is quick and the legal compliance is largely in order.
In addition, features such as the stop-loss orders add to the overall flexibility of use for all customers. It also deals with a substantial number of cryptocurrencies, giving customers plenty of choice to pick from.
This is an exchange option particularly well-suited to those just starting out with cryptocurrency trading.This is because of its incredibly simple and jargon-free user interface.
What we must remember about Coinbase is that it is more of a brokerage than an exchange. Instead of connecting you to other buyers and sellers through centralized control like most of the other exchanges on this list, Coinbase trades with its users directly.
Low fees, and the ability to trade using your debit or credit card, alongside your bank account can be a huge factor in favour of Coinbase.
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Coinmama too is a pretty well-known name in the crypto market. Although it does have some disadvantages in terms of slightly higher fees and the lack of options to convert to fiat or a wallet within the exchange, it does make up for it in other ways.
The user interface is a breeze for new users and it offers instant delivery for most of the leading coins in the market.
You can also make purchases with your debit or credit card on Coinmama, making it incredibly convenient.
Even though Poloniex’s volumes have fallen since more competitors thronged the market, Poloniex remains an exchange with a great reputation.
It has an interesting fee structure, that is rooted in low charges. Makers and takers are charged at a differential rate and that makes for a more fair system of fee sharing.
The exchange was recently bought and taken over by Circle and is available globally for customers all around the world.
If it is variety in the number of coins you are looking for, then Bittrex is the exchange you should choose. It allows you to trade on nearly 200 cryptocurrencies and although it charges a slightly higher fee, it never burns too large a whole in your pocket.
With a stellar customer support system that works across platforms to aid and assist its users, Bittrex is a smart choice when it comes to crypto exchanges.
Changelly is a unique cryptocurrency exchange. It allows for real time conversion of one cryptocurrency to the other.
Customers can store their crypto holdings on the exchange and specify their input and output currency. Changelly takes care of the steps afterward, making it quick and smooth.
What’s more, it allows you to change from fiat too, at a slightly increased fee.
Cex.io is a great crypto exchange that almost always gives its users a 100% uptime.
Besides, it offers margin trading options and a high liquidity. Cross platform trading also becomes possible with this one.
Its fees are usually included within the price of the crypto that you are buying and may be slightly higher than the industry standard sometimes. Even so, their services definitely make up for the fee structure.
BitFinex is also a leading cryptocurrency exchange that rakes in rather high volumes throughout the year.
Their fees are reasonable and offerings substantial.
Perhaps the only catch here would be that their services are not available to US customers.
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