Introduction
It is 2023, and crypto has been steadily increasing since March 2022. It was started in 2009 as open-source software, which was named Bitcoin.
However, by 2022, the number of cryptocurrencies will have risen to 9000. 70 cryptocurrencies out of 9000 have a market capitalization of more than $1 billion.
Here, the question arises: how can you trade with these currencies?
The answer is the crypto exchange. A crypto exchange is a trading place where you can buy and sell virtual currencies.
Here, the second question arises: what are the best crypto exchanges where one can trade at its best?
So, to help you out, in this blog post, we have prepared a list of the 10 best crypto exchanges that you can use in 2023 to trade like a professional trader.
Here is a list of 10 cryptocurrency exchanges. It has been made easier for you to choose the best crypto exchange for yourself by going through the list below:
1) Binance
Binance is one of the world’s largest cryptocurrency exchanges by volume. It was started in 2017 by a software developer who also makes software for frequent trading.
It provides traders with a large number of currencies (350+). Additionally, Binance offers low transaction fees, which are:
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- Cost per trade: Fees start at 0.6 percent.
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- For instant buys: 0.5 %
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- Debit card fees:3.75%
Key Features:
Asset options: You can choose from a variety of cryptocurrencies, invest in NFTs, and even buy custom BNB.
Solutions for sellers: Binance Pay allows you to accept Bitcoin as payment from customers and clients.
Mobile app: A simple mobile app that provides easy access to your crypto wallet from anywhere
Security: Asset funds protect some of a user’s cash, and individual access restrictions add more security.
Pros & Cons
Pros
Cons
- Low costs make it simple to get started
- Very popular app with a great reputation.
- Proprietary cryptocurrency for easy purchasing and selling with low costs
- Credit and debit transactions are costly.
- Certain sections of the US do not have access to it.
- There will be no crypto-to-crypto transactions.
2) Coinbase
When it comes to choosing the best crypto exchanges, there are a lot of options, and one of them is Coinbase.
Coinbase is an American crypto exchange platform. It charges its customers a fee of 1%, which is a bit higher than others.
This company is only available online and has no physical headquarters. It is also completely safe and secure, so one can keep funds flowing freely.
Key Features:
Variety of assets: There are more than 150 supported currencies, and there are several trading pairings for newbies.
Security: Coinbase protects the digital assets of its users and keeps US dollar balances in an FDIC-insured bank account.
Storage: There are several ways to store cryptocurrency, including a custodial option for new investors and a non-custodial wallet.
Worldwide: The company is internationally dispersed, with a presence in more than 100 countries.
Pros & Cons
Pros
Cons
- Low costs make it simple to get started
- Very popular app with a great reputation.
- Proprietary cryptocurrency for easy purchasing and selling with low costs
- Credit and debit transactions are costly.
- Certain sections of the US do not have access to it.
- There will be no crypto-to-crypto transactions.
3) Kraken
Kraken Exchange is based in the United States and was established in 2011. It is not only a crypto exchange platform but also a bank.
It was also one of the first companies to be listed on Bloomberg Terminal.
The fees for the transactions in Kraken are given below:
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- Fees apply to transactions between $0 and $50,000.
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- Transactions $50,001 to $100,00 pay a 0.14% maker fee or a 0.24% taker fee.
4) KuCoin
KuCoin has its headquarters in Seychelles and was also launched in 2017.
It lets people trade by buying currencies with credit, staking for rewards, and swapping cryptocurrencies.
One of the unique features of KuCoin is that it allows traders to earn interest by lending the currencies to other traders.
Moreover, the fees of KuCoin are the lowest as compared to others, which are between 0.0125% and 0.10% per trade.
5) Bitfinex
Bitfinex is one of the most well-known and largest cryptocurrency exchanges. It lets you trade with more than 170 different cryptocurrencies.
It is famous for its high liquidity and security when trading or investing.
It’s good for both beginners and more experienced users because it’s easy to use.
Moreover, it is also offering the lowest fee of 0.20% or less.
6) Gemini
Gemini is a New York trust company. It is regulated by the New York State Department of Financial Services.
Gemini, being a depositary and qualified custodian, offers full security when one is trading.
It has 100+ cryptocurrencies, so you can trade at your best.
Moreover, it also offers a low fee of 1.49% for trades over $200.
7) Crypto.com
Crypto.com is one of the best places to buy and sell cryptocurrencies. It is based in Singapore and has more than 50 million customers.
It is offering more than 250 cryptocurrencies in which traders can trade easily.
This is one of the best crypto exchanges in the world, and it offers discounts to those who hold special stakes in the Crypto.com coin.
It also offers the lowest maker fee of 0.04-0.20%, and the lowest taker fees of 0.10-0.20%
8) BitMart
When it comes to professional trading, BitMart is the best crypto exchange.
It is a cost-efficient and user-friendly platform for those who trade. BitMart also offers tailored services.
For instance, they give their users a list of high-quality digital assets that they can invest in.
Moreover, building trust with their customers is their priority. They also offer low fees of 0.25%, which is almost free.
9) OKX
OKX is a Seychelles-based crypto exchange platform that was launched in 2017 by OK Group, which already owns the OKCoin crypto exchange.
It is not currently available in the United States. OKX is also offering a low fee of 0.1% as the market maker’s fee and 0.15% as the market taker’s fee.
10) Bityard
Bityard Exchange is a popular cryptocurrency exchange that offers a wide variety of trading options and was established in 2019.
Its unique feature is that it offers its customers contract trading.
It has security features and also some advanced features like copy trading systems and grid trading bots.
Overall, it’s considered to be one of the most reliable exchanges out there, offering the lowest transaction fees of 0.1% to 0.3%.
So, these were the trending cryptocurrency exchanges in 2023.
Conclusion
The above-mentioned list of the 10 best crypto exchanges for 2023 provides a wide range of options for people to get involved in the cryptocurrency market. Whether you are a beginner or an experienced trader, there are so, many options for you and you can choose the best crypto exchange of your choice. Furthermore, all of these exchanges offer secure and fast transactions to ensure that your funds remain safe and accessible.
