In this article, we will talk about some of the best crypto exchanges and lowest fee crypto exchanges
You may be familiar with cryptocurrencies. Cryptocurrency markets remain highly volatile, and crypto prices rise and fall extremely fast. Because of the high risk involved in trading crypto, you’ll want to find a trusted and stable crypto exchange to handle your transactions.
That means, using a crypto platform that will hold your crypto safely, provide you to control over your assets, and make selling, buying, sending, receiving, and trading crypto simple and easy.
Crypto exchanges are the platforms where most people sell and buy bitcoin, Ethereum, Shib, and other types of cryptocurrencies. There are plenty of crypto exchanges available online but some of the top cryptocurrencies are.
- Binance
- FTX
- Coinbase Exchange
- Kraken
- KuCoin
- Gate.io
- Bitfinex
- Huobi Global
- Gemini
- bitFlyer
Binance
Pros
- Trade 395 of the most popular cryptocurrencies
- 0.1% fee for trading on the platform as well as a 0.5% fee for Instant Buy/Sell
- $50 minimum deposit or you can deposit $10 via P2P trading
- Social investing features
- Regulated, with strong security
- Easy to use
- Educational resources
- NFTs
- Stacking available
- Token launch platform
- Advanced trading tools
- Mobile App
Cons
- Could be more technical for absolute beginners
- Deals with regulatory hurdles in some jurisdictions
FTX
Pros
- Trades in 284 coins
- Easy KYC
- Crypto derivatives trading.
- Guarantees liquidity for all its users.
- FTX charges low fees
- Allows cryptocurrency purchases via credit cards
Cons
- Leveraged tokens on FTX are highly risky
- FTX is a relatively new platform
Coinbase Exchange
Pros
- Trades in 197 coins
- Supported in more than countries
- Easy to use
- Staking services
- Debit card for spending crypto
- Secure offline storage
- Educational resources
Cons
- Not many altcoins to trade
- high trading fee
- poor customer support
Kraken
Pros
- Trades in 588 different coins
- Secure and Reliable – Safe to use
- Supported in many countries
- Low fees or Reasonable fees
- Trusted Crypto Exchange
Cons
- Low Leverage
- Not a beginner-friendly
- Limited deposit options
- No tax support
Kucoin
Pros
- Trades in 713 coins
- Low deposit, withdrawal, and trading fees
- Very simple to use
- Perfect for beginners
- Good range of coins, including new
- Good security features
- No verification – anonymous trading
Cons
- issues with liquidity on smaller coins
- difficulties during high-traffic
Gate.io
Pros
- Highly secure exchange.
- Trades in 1426 coins
- Amazing IEO (initial exchange offering)
- Good mobile app
- Spot trading and margin trading with 10x leverage.
- 24/7 customer support.
Cons
- Unregulated exchange.
- Not recommended for beginners
Bitfinex
Pros
- Supports over 376 crypto coins.
- Paid back losses to traders who suffered the 2016 crypto hack on the exchange.
- High Liquidity.
- Allows deposits and withdrawals.
Cons
- High trading fees.
- Not a regulated exchange.
- Don’t allow any debit/ credit card
Huobi Global
Pros
- Trades in 1128 coins
- highly Responsive customer support team.
- Impressive user interface.
- High-level cyber security mechanisms.
Cons
- Don’t support fiat deposits and withdrawals
- The verification is a bit more lengthy.
Gemini
Pros
- Trades in 100 crypto coins
- Professional and high-end service.
- User friendly and well designed.
- Reduction in fees for the exchange of assets
- Fully registered and compliant with banking standards.
Cons
- Registering process is a bit lengthy
- Often goes offline at extremely high volumes
- A limited selection of funding methods.
- Limited coins listed
bitFlyer
Pros
- Trades in 9 crypto coins
- Simple to use and navigate.
- Extremely high liquidity.
- Multiple trading platforms.
- Ideal for beginners.
Cons
- Very limited cryptocurrency coins
- Credit card transactions are only supported in Japan.
- Lightning Spot Market only supports Bitcoin.
- No live chat support.