Crypto exchanges are the heart and soul of crypto. It’s where millions of people buy and sell cryptocurrencies and hold their crypto assets as well. This makes it important to know which crypto exchanges are the real deal in a world where many crypto exchanges claim to be top-tier.
In this article we will dive into the best rated crypto exchanges and rank them based on traffic, liquidity, trading volumes, and other important metrics.
How do people decide the best rated crypto exchanges?
From a retail standpoint, top rated crypto trading platforms are the ones which are secure, have low trading fees, have their favorite trading pairs, and enough liquidity for buy and sell orders to execute with minimum slippage.
We have kept this retail lens in check, and we will now dive into some of the highest rated crypto exchanges based on a variety of factors. This list is designed to help you make the right decision when trying to make an important investment decision.
What are the best rated crypto exchanges in the world?
While every other crypto exchange may claim to be among the best rated crypto exchanges, in our book, only a handful make the cut. After considering important metrics like customer support, traffic, liquidity, overall reputation and other important metrics, we have compiled our crypto exchange platform ranking that many traders across the world will agree on.
These exchanges are well-known for their low trading fees, security measures, and the amount of cryptocurrencies offered for everyone to trade. It should be noted that every exchange has its strengths and weaknesses, and we have tried to include exchanges that have consistently proven themselves in the long run with minimal issues. Now without further delay, let’s dive into the best rated crypto exchanges list.
Best crypto exchanges in the world
Ranked as the number one exchange on CoinMarketCap, Binance has held its top spot for a long time. With a 24-hour volume of $22,187,634,129, and a total of 469 cryptocurrency assets along with fiat pairs, Binance is one of the most popular exchanges in the world.
Review
With features including P2P trading, margin trading, and staking, Binance is a cryptocurrency exchange that lets users buy, sell, and trade a variety of cryptocurrencies.
The Maker/Taker trading fees on Binance range from 0.1000%-0.1000% to 0.0110%-0.0230%, which entirely depends on your VIP level, which is determined by your 30-day trading volume.
With overall security, customer support, and user-friendly features, Binance is ranked at the top in our list and on almost all other online reputed sources.
Trustpilot review of Poloniex stands at 1.3 out of 5 stars, calculated after 335 reviews which is a concerning sign for the exchange.
Ranked as the third exchange on CoinMarketCap, Coinbase has its main presence in the US market but it has gradually made a name for itself in other parts of the world as well. With a 24-hour volume of $3,436,840,812, and a total of 290 cryptocurrency assets along with fiat pairs, Coinbase has a strict process of listing coins and hence it doesn’t have a lot of pairs to trade among thousands of cryptocurrencies.
Review
The Maker/Taker trading fee on Coinbase exchange ranges from 0.00% to 0.6% depending on your 30-day trading volume.
Trustpilot review of OKX stands at 3.9 out of 5 stars, calculated after 15822 reviews which is a decent score for a top-tier cryptocurrency exchange.
Choosing from the top rated crypto trading platforms
For some users their favorite cryptocurrency has to be there for a crypto trading platform to make sense, while for others security is paramount. This is where the choice can become easy for a crypto user.
For example, beginners can start with Binance or Coinbase depending on their location as both these exchanges have some geo-restrictions. These two exchanges are user friendly and best for beginners.
Meanwhile, if you are into meme coins and want to trade them on a reputed exchange, then Bybit is the way to go as it lists many meme coins and tokens that other exchanges don’t.
In the end, whichever exchange you use, do your research before putting your hard earned money on a centralized exchange and trading on it.
Source link Trustpilot review of Bybit stands at 3 out of 5 stars, calculated after 3650 reviews which is a decent score for a top-tier cryptocurrency exchange, considering the recent hack it went through and still managed to survive.
