Last updated on February 7th, 2023 at 03:19 pm
Exchange platforms for trading Bitcoin, Ethereum, Dogecoin, etc.
Keep in mind that cryptocurrencies are decentralized. That is, they are not controlled by any central authorities. What that means, you do not walk into a banking hall or any financial institution to sell, buy, or exchange cryptocurrencies.
If you want to give up your XRP for Tether, you’ll need a platform to facilitate the transaction—you can’t hold one out or claim the other with a whoosh of your hand in the air.
So, the exchange of digital currencies must be done on a digital platform, right? Yes. That’s where crypto exchanges come in.
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The best cryptocurrency exchange for trading Bitcoin, Ethereum, Dogecoin, etc., must therefore facilitate exchange and trading easily and securely, and that’s exactly what we offer in this list.
Here are the 6 Best Cryptocurrency Exchanges to trade with:
- Coinbase
- Abra
- Kraken
- CEX.IO
- Gemini
- Binance
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COINBASE
Coinbase is arguably the best crypto exchange platform for Bitcoin-related transactions. But you certainly can trade other coins like Litecoin, Dogecoin, XRP, Ethereum, and over 100 other cryptocurrencies.
Some stand-out features from Coinbase are:
- IOS and Android mobile apps.
- Staking rewards.
- Digital assets when you watch educational videos.
And the more advanced offers:
- Charting tools.
- Safe trading bots.
- Order books.
- Commercial services.
- Offline storage for crypto assets
- An NFT (non-fungible token) trading platform, including a beta version of it.
Coinbase favors corporate and institutional crypto interests as well as individuals’. But this isn’t to say Coinbase would fit all situations and crypto traders. Before using Coinbase, make sure to comb through their website. You may find a feature or two (or missing features) that do not facilitate your trading goals.
“Best Cryptocurrency Exchanges”
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ABRA
Abra is one exchange platform that has been serving over 152 countries with very low charges (and no trading fees), alongside an avalanche of mouth-watering features and crypto products. And like Coinbase, Abra is a fitting home to over 100 virtual currencies.
Here are some of its features deserving of a mention:
- OTC (over-the-counter trading).
- Crypto-backed loans.
- Accounts through which you can earn 12.5% interest on assets.
- Educational manuals for beginners.
- Quality, reliable user support.
To find out more about Abra, kindly visit their website. You can get the app on an iOS or Android device and begin to exchange straight away.
“Best Cryptocurrency Exchanges”
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KRAKEN
Okay, futures and margin traders. Here’s one that would do you a lot of good (as it is already doing for traders across about 195 countries)!
In Kraken, the options abound for private investors and organizations (or companies) as well. In trading crypto assets, Kraken lends to margin traders as much as five times their account balance (all smiles and goosebumps now, if you’re a margin trader).
And future traders can price assets for a predetermined rate, scheduling it for an upcoming date, but only so for Ripple, Bitcoin Cash, Litecoin, Ethereum, and Bitcoin at the moment.
Kindly rave on Kraken HERE.
“Best Cryptocurrency Exchanges”
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CEX.IO
The best crypto exchanges have wide coverage, in terms of global patronage and acceptance (and all of it is proof of quality)—CEX.IO is a proud inclusion in the list, providing over 100 crypto assets for trading to almost every nation there is.
Some of its coolest features are:
- Crypto-backed loans.
- Staking rewards.
- Support for multiple fiat currencies.
- Instant buy feature.
- A mobile app.
- Spot trading, etc.
You should make yourself comfortable on CEX.IO’s website if you must find out more about the exchange platform.
“Best Cryptocurrency Exchanges”
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GEMINI
Here’s the supposed best for Ethereum traders. This exchange platform was certainly wired to suit institutions and companies as well as individual or private investors and traders.
Here are some of the cool stuff on Gemini:
- Gemini Web Exchange.
- Gemini Fund Solutions.
- Gemini Mobile Apps.
- Gemini Trading Tools.
- Gemini Active Trader Platform.
And the more advanced ones:
- Gemini Dollar (an asset-backed by the U.S. dollar).
- Gemini Wallet.
- Gemini Earn.
- Gemini Custody.
- Gemini Pay.
- Gemini Clearing (brokerage for trades off-exchange).
Among the top exchange options, Gemini may just be the best if you’re looking for an exchange platform with a reliable (and insured) wallet. To find out more, you should visit the official Gemini website.
“Best Cryptocurrency Exchanges”
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BINANCE
With over 90 million registered users worldwide and a transaction fee as low as 0.10%, Binance lists more than 600 cryptocurrencies and sits comfortably as a secure, fast, and elegant cryptocurrency platform. Binance is particular on user protection, technical ingenuity, and ease of use.
Some cool Binance features are:
- NFTs (non-fungible tokens).
- Binance Pay and Binance Marketplace (for increased business reach through crypto payments).
- Binance Earn (hold your crypto funds, start earning).
- Mobile Applications.
- Secure Asset Fund for Users.
- Personalized Access Control.
- Advanced Data Encryption.
- 24/7 Chat Support.
In terms of the daily trading volume of cryptocurrencies, Binance is the largest in the world. Changpeng Zhao, a 44-year-old developer, founded Binance in July 2017 after munching every inch of the Bitcoin whitepaper some years before, realizing how much potential cryptocurrency had to change the world.
To find out all you need to know about Binance, kindly make a home out of their official website.
“Best Cryptocurrency Exchanges”
Fredrick Agaga
Fredrick Agaga is a blog writer and sales Copywriter with an uncanny obsession for cryptocurrency white papers. You may think that's an unpleasurable way to go, but not so for him. He lives for simplifying 'complex' ideas and sparking conversations with readable, engaging, and easy-to-understand content.