Top 3 Crypto Exchanges for 2024

Today, crypto exchanges are one of the ways to trade cryptocurrencies. Such platforms allow traders to buy and sell various digital coins and enter the cryptocurrency market with ease. Cryptocurrency exchanges do not have relatively large fees and users can use them from anywhere in the world.

In addition, most cryptocurrency exchanges allow their users to use advanced features through which traders can quickly and efficiently enter and exit trades as well as store their assets in a secure crypto wallet. Therefore, an important step in crypto trading is the choice of a cryptocurrency exchange. We have selected for you the top 3 best crypto wallets.

Best crypto exchanges

Each cryptocurrency exchange in this list has its own characteristics, and we will try to give each of them a detailed description so that users can choose the most suitable option for themselves. Let’s find out which of these exchanges is best for you.

Binance

Binance is the world’s leading centralized cryptocurrency trading platform founded in 2017 by Changpeng Zhao, who has experience in developing solutions for the Tokyo Stock Exchange. The mission of the Binance cryptocurrency exchange is to provide infrastructure services for the ecosystem. And they are successfully fulfilling their mission by allowing traders to trade hundreds of popular digital coins on Binance, including Bitcoin, Litecoin, and Ethereum. It is worth noting that users do not have the opportunity to trade with regular money, they can only work with cryptocurrencies on Binance.

Binance has gained huge popularity due to its low commissions, high liquidity functions, airdrops, and a number of discounts that can be used when using the exchange’s internal cryptocurrency – BNB (Binance Coin).

Binance processes approximately 1.4 million orders per second and has over 15 million users worldwide. Therefore, in the short time, the exchange has existed, it has become a leader among other cryptocurrency exchanges.

Like any other exchange, Binance provides its users with 24/7 cryptocurrency trading, fundraising, listing, and deposit/withdrawal services. In order to trade, the user must first go through the required registration and verification process, after which, the user will be able to access his account. If users have difficulty registering on the exchange, they can create a Binance sub-account on the Cryptorobotics platform and access all the services of the exchange.

Main features

• Binance Pool
• Staking
• Farming
• Binance Crypto Loans

Fees on the Binance cryptocurrency exchange

As we have already said, Binance differs from other exchanges with low fees and tempting offers. The fees on the Binance cryptocurrency exchange depend on whether the user is a maker or a taker, the status of the user (regular user or VIP user), and the type of trading (margin, futures, or spot).

So, for example, the fixed rate of an ordinary user is 0.1%, and this is certainly attractive for any trader. If you use the Binance Futures platform, you will receive even lower fees. They start at 0.02% for makers and 0.04% for takers, which is very beneficial especially if the trader is making large trades.

Withdrawal fees are updated frequently, and you can find new fee information here.

Pros

• Wide range of services and features
• Impeccable reputation among users
• Wide range of cryptocurrencies
• Low fees

Cons

• Complicated registration process
• Need to improve customer support
• Limited access in the USA

Kraken

Kraken is one of the largest cryptocurrency exchanges, which appeared two years after the launch of bitcoin as a means of payment. This platform was founded in 2011 by Jesse Powell, who has been working in the crypto industry since 2001. Kraken is known for its low transaction fees, user-friendly user interface, variety of features, high liquidity, 24/7 trading, and advanced security measures.

The company claims that 100% of user funds are held securely in reserves and that they conduct audits to verify that all funds are stored correctly from a cryptographic point of view. After Mt.Gox was hacked causing the well-known exchange to lose nearly a million bitcoins, Kraken helped resolve the dispute. The exchange is currently available in the USA (except New York), Canada, the European Union, and Japan.

The main mission of Kraken is to do everything possible to promote and adopt cryptocurrencies, and all users can benefit financially from it.

Main Features

• Advanced features for trading
• Dark Pools (order book)
• OTC 
• Staking
• Cryptowatch

Fees on the Kraken exchange

One of the main advantages of the Kraken exchange is the lack of fees that other platforms have.

However, the user will still have to pay for some services. Below is a table with the services and fees of the crypto exchange.

Pros

• Intuitive user interface
• Safety
• Wide range of features
• Ability to trade cryptocurrencies and fiat money
• Small fees

Cons

• No access for New York traders.
• It does not accept payments via debit, credit cards, and PayPal.

CEX.io

CEX.io is a cryptocurrency exchange that has been in the market for a long time. The exchange was founded in London in 2013 and was originally not just a crypto exchange, but also a cloud mining service provider. At that time, this exchange was called Ghash.io and managed 42% of the power in the mining network. The company stopped providing mining services in January 2015 and began to develop as a cryptocurrency trading platform. Currently, CEX.io only works as an exchange. The company is registered with FINCEN and requires users to pass standard KYC procedures. This means that users will need to verify their identity to use the services of this exchange. CEX.io is definitely one of the most demanded cryptocurrency exchanges among users. Currently, the exchange is a global cryptocurrency platform that operates from almost anywhere in the world. The platform has over 3 million registered users. This is not surprising since the platform offers various types of digital assets and features for crypto trading.

Main Features

• Loans
• CEXbroker
• CEX direct
• Saving
• Staking

Fees on the CEX.io exchange

The fee on the exchange depends on the monthly trading volume. At the initial stage, the fee for the taker will be 0.25%, and for the maker – 0.16%. At the last stage, for the taker – 0.10%, and for the maker – 0%.

In order to replenish the balance or withdraw funds, the user needs to pay the following fee:

Pros

• Reliability
• Convenient and easy-to-use interface
• A wide selection of digital coins
• Availability of various trading functions
• Safety

Cons

• Very high fees
• The withdrawal fee is also high

How to choose a crypto exchange?

Before choosing a cryptocurrency exchange, an investor needs to research the platform and pay attention to the following points:

• Project reputation

The reputation of a project is the most important factor in the cryptocurrency area, which a user can easily check by looking at individual user reviews on forums such as Reddit or BitcoinTalk.

• Fees

Since investors use cryptocurrency exchanges to make money, they need to pay attention to the fees that the exchange charges. Thus, investors will be able to understand how profitable it is for them to use this exchange.

• Payment Methods

Another equally important factor to pay attention to is the payment method that the exchange accepts. The user needs to understand whether he can pay with a credit card or PayPal, make a regular bank transfer, or exchange allows only cryptocurrency deposits. In addition, users need to pay attention to whether it is possible to trade fiat pairs on the exchange, such as the dollar or the euro.

• KYC verification

Despite everything, some platforms allow their users to register without verifying their identity and thus remain anonymous. However, most crypto exchanges require verification during registration. Such security measures are necessary to prevent fraud.

• Regions where the crypto exchange is available

In some countries, access to cryptocurrency exchanges may be prohibited.

How to start trading on Binance, Kraken, and CEX.io through the Cryptorobotics platform?

Cryptorobotics is one of the best cryptocurrency trading platforms with a wide range of features and top 16 crypto exchanges including Binance, Kraken, and CEX.io. To start trading on one of these exchanges through the Cryptorobotics platform, the user needs to follow these steps:

• Follow this link.
• Complete the registration process.
• Create an account on Binance, Kraken, and CEX.io.
• Link your exchange account to the Cryptorobotics trading platform using API keys.
• Select the instruments with which the user will trade.
• Then customize them.
• Start trading on the chosen crypto exchange.

READ MORE: KuСoin Review 

Alina Sattarova

• LinkedIn

Go to authors page →