April 26, 2024

Top 10 Best Cryptocurrency Exchanges in 2020

Top 10 Best Cryptocurrency Exchanges in 2020

If you are interested in investing in digital assets or trading, then your main toolmay become an exchange. Exchanges act as a stock market for cryptocurrencies. There are many exchanges at the moment. In this article, we'll highlight the best ones.

Binance 

Headquarters: Unknown / Established: 2017 / Employees: 201-500

Available countries: almost the whole world, except for the USA.

Top 10 Best Cryptocurrency Exchanges in 2020

Binance– one of the largest exchangescryptocurrency. Its liquidity is much higher than many other crypto platforms. Users have the ability to buy and sell more than 100 digital currencies, however, trading with fiat pairs is not possible. For the exchange of cryptocurrency for fiat, an adjacent platform was opened for Binance Jersey. Binance Feature – This is a very fast deposit and withdrawal of funds, usually within a few minutes or one hour.

 ⁃ Easy registration process

 ⁃ Lowest transaction fees among all major exchanges

 ⁃ 175+ different digital assets available

 ⁃ Free deposits

Bitmex

Headquarters: Hong Kong / Established: 2014 / Employees: about 200

Available countries: almost all countries except America

Top 10 Best Cryptocurrency Exchanges in 2020

Bitmex – it is a popular platform forP2P Crypto derivatives trading, aimed mainly at experienced speculators. It only supports advanced options such as 1:100 margin trading. We recommend using this platform only for experienced traders.

 ⁃ High-quality interface 

 ⁃ High liquidity

 ⁃ Moderate trading commission

 ⁃ Opportunity to test strategies, gain experience, study the capabilities of the service on a demo account.

Bybit

Headquarters: Singapore / Year founded: 2018 

Available countries: all countries in the world.

Top 10 Best Cryptocurrency Exchanges in 2020

The futures exchange offers position insurance,profitable affiliate programs and two types of futures contracts. After registration, a new user receives a $90 deposit bonus and can trade with leverage up to x100. In March 2020, ByBit added the ability to hedge open positions through direct Tether perpetual contracts. Simply put, in order to open long and short positions on any direct contracts, it is enough to have a deposit in USDT on your wallet balance. 

 ⁃ User-friendly interface.

 ⁃ 24-hour online customer service. Mobile app

 ⁃ Quick registration

 ⁃ Instant matching of orders 100,000 TPS per contract - no overloads. Notification to phone about changes in the market 

 ⁃ Wide range of tools for hedging positions

Huobi 

Headquarters: Singapore / Established: 2013 / Number of Employees: 437

Available countries: about 200 countries

Top 10 Best Cryptocurrency Exchanges in 2020

Huobi– is a global cryptocurrency exchange,which provides investors with hundreds of different assets. Huobi is one of the top ten cryptocurrency exchanges in the world by volume. Throughout its history, Huobi has always been one of the leading cryptocurrency exchanges in terms of quantity, liquidity and reputation.

 ⁃ Easy and fast registration process

 ⁃ Has one of the largest lists of tradable assets among all exchanges on the market.

 ⁃ High level of customer service

 ⁃ Offers a non-custodial wallet called Huobi Wallet.

Bitfinex

Headquarters: Hong Kong / Established: 2012

Top 10 Best Cryptocurrency Exchanges in 2020

The exchange offers an extended tracking listinterested sellers and buyers for a particular financial instrument. Eight order set options for all scenarios set this platform apart from most competitors. To register, all you need is a smartphone. 

 ⁃ Interactive interface

 ⁃ Easy registration

 ⁃ Opportunity to scale your investment portfolio

 ⁃ Various types of orders

Coinbase 

Headquarters: USA / Year of foundation: 2012 / Number of employees: 591

Available countries: UK, USA, Australia, Europe, etc. (30+)

Top 10 Best Cryptocurrency Exchanges in 2020

The largest cryptocurrency exchange site. The broker also provides a storage service and API for developers to connect third-party applications and trade. A high purchase limit and relatively low commission make it more effective for users. Coinbase offers a digital wallet to store your assets and safe deposit boxes, while vaults are used to store reserves.

– User-friendly interface

– Excellent customer service

– Low service fees

– Diverse and constantly updated selection of coins

– Fast transaction processing

OKEx

Headquarters: China / Year of foundation: 2014 / Number of employees: 201-500

Available countries: over 100 countries

Top 10 Best Cryptocurrency Exchanges in 2020

Okex is one of the largest cryptocurrency exchanges in the whole worldworld. This platform offers fiat exchange – cryptocurrency and cryptocurrency – cryptocurrency for over 100 digital assets. Users praise the platform for its user-friendly interface that offers various personalization options. It is suitable not only for experienced traders, but also for beginners.

– User-friendly interface

– High liquidity

Poloniex

Headquarters: Wilmington, Delaware /Year Founded: 2014 

Available countries: UK

Top 10 Best Cryptocurrency Exchanges in 2020

Highest altcoin trading volume madea platform popular with traders and investors. The exchange uses an algorithmic approach to start trading and combines with researched strategies to provide a competitive advantage. Supports a large number of pairs among the leading cryptocurrency trading sites. Saves the maximum amount of data offline. At the end of last year, the exchange was acquired by TRON creator Justin Sun.

 ⁃ User-friendly interface

 ⁃ Quick registration

 ⁃ Margin trading

 ⁃ Low commission

Kraken

Headquarters: USA / Year of foundation: 2011 / Number of employees: 146

Available countries: Worldwide, UK, USA, Australia, Europe, etc. (200+)

Top 10 Best Cryptocurrency Exchanges in 2020

Kraken – one of the oldest and bestbitcoin exchanges on the market. It has always been among the top 10 cryptocurrency exchanges in terms of trading volume and reliability. Allows you to exchange bitcoins for fiat, and takes coin listing seriously. It is worth considering that Bitcoin on the Kraken exchange is traded under the ticker XBT, not BTC.

 ⁃ Low transaction fees

 ⁃ Supports many different deposit options

 ⁃Accepts users from all over the world

 ⁃ Large trading volume

 ⁃ Margin trading

KuCoin

Headquarters: Hong Kong / Year founded: 2011 

Available countries: almost the whole world

Top 10 Best Cryptocurrency Exchanges in 2020

The unique part of the exchange's approach isthat they redistribute 50% of the profits from the exchange through their currency KuCoin Shares. KuCoin Shares holders are rewarded on a daily basis. The exchange has applications for iOS and Android.

 ⁃ Extremely simple registration process

 ⁃ High level of security

 ⁃ Users can invest in KuCoin's success through KuCoin Shares

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