Top Cryptocurrency Spot Exchanges
| # | Name | Volume (24H) | Country | Established | Official Website |
|---|
Here are the Top Cryptocurrency Exchanges
Cryptocurrencies are expanding fast. There are currently over 10,000 cryptocurrencies with a combined market cap of $1.6 trillion across the crypto ecosystem, and the market growth is not slowing. At their core, cryptocurrencies remain digitally native. To buy, sell or transfer crypto, you need a cryptocurrency exchange platform. There are hundreds of cryptocurrency exchanges in the market today and, most offer varying services to meet the diverse market demands among crypto users. While many exchanges are unique, you need to find the exchange that checks the most boxes for what you need. Whether you are a seasoned crypto trader, a beginner, or an institution looking to start or advance your crypto portfolio, this list of ten cryptocurrency exchanges will offer you some of the industry-leading services. Let’s dive in!
- Binance
Launched in 2017, the Binance exchange is the leading exchange worldwide by trading volume. Binance is one of the best crypto exchanges and offers trading for several cryptocurrencies, especially altcoins. Users who transact using Binance Coin ($BNB) get additional incentives through lower transaction fees up to 0.1% for all trades, except for peer-to-peer trading. Apart from $BNB, traders can access over 350 coins on Binance, with a few hundred trading pairs.
Binance accepts deposits in over 40 fiat currencies via multiple payment options including, SWIFT, mobile money, debit, and credit cards. Binance’s CEO is Changpeng Zhao, aka CZ, and the exchange is based in the Cayman Islands. The platform provides in-depth research materials to assist traders in making better trades. The trading platform lists new coins faster, making it a favorite for investors who prefer low market cap coins.
| Pros | Cons |
| · Lower fees compared to most counterparts | · Delayed response from customer support |
| · Diverse payment gateway, over 40 fiat currencies & futures trading supported | · Some regions not supported |
| · Advanced and detailed analytics | · Advanced for beginners |
| · 24/7 customer support | |
| · Web and Mobile Platforms Supported |
- Coinbase Pro
Founded in 2012, Coinbase is one of the most popular cryptocurrency exchanges worldwide serving over 40 million users across 100 countries. The San Fransisco-based exchange’s Coinbase Pro platform is regarded as the best cryptocurrency trading platform for professional traders and institutional investors. The exchange offers top-notch security for users’ crypto assets. Unlike many exchanges, Coinbase Pro is regulated and licensed to operate in many regions, including 40 states in the United States. Coinbase Pro is significantly cheaper than Coinbase and also offers more options, advanced charts, and indicators.
| Pros | Cons |
| · Lower fees compared to most counterparts | · Spread pricing may cumulatively be high for large transactions |
| · A wide variety of altcoins listed | · High fees for debit transactions |
| · Detailed analytics, charts & indicators | · The user does not control wallet keys |
| · Secure crypto asset storage (cold storage and 2FA) | |
| · Very high liquidity | |
| · Web and Mobile Platforms Supported |
- ZG.com
Launched in 2018, ZG.com is a centralized exchange based in the Cayman Islands. The exchange offers first-grade customer service and supports over 40 cryptocurrencies. The trading platform has both mobile and web-based platforms for users to trade flexibly, even on the go. ZG.com charges a low fee of 0.2% on transactions except for market makers and sponsor-exempt transactions. ZG.com does not charge fees on deposits, and its withdrawal fees are 40% cheaper than the industry average. The exchange has the second-highest 24-hour trading volume, trailing only Binance.
| Pros | Cons |
| · Lower fees compared to most counterparts | · Fewer coins and markets on the platform |
| · Web and Mobile Platforms supported | |
| · Multiple deposit methods supported | |
| · 24/7 first-grade customer support |
- Huobi Global
Huobi was founded in China in 2013 and is based in Seychelles. The exchange operates in over 130 countries and supports over 350 crypto assets with spot and futures trading. Users’ funds are securely stored in dedicated multi-signature cold wallets. The exchange supports web, iOS, and Android platforms for seamless access. Transaction fees for makers and takers rank among the lowest at 0.20% each. The withdrawal fee on Huobi Global is 0.0001 BTC.
| Pros | Cons |
| · Multiple coins supported plus margin and futures trading with high liquidity | · Low withdrawal limits |
| · Free 24/7 Customer Support | · Low leverage for margin |
| · Web and Mobile Platforms Supported | · Some regions not supported |
| · Secure crypto asset storage | |
| · Beginner Friendly |
- OKEx
OKEx was launched in 2013 in Hong Kong and is currently based in Malta. OKEx is the one-stop shop for spot and futures trading worldwide. OKEx remains among the top ten exchanges per trading, maintaining trading volumes of over $1 billion in 24 hours. Thus, the exchange offers high liquidity for investors trading on the platform. OKEx supports over 260 coins, charging 0.15% and 0.10% taker and maker fees, respectively. Withdrawal fees on the exchange are 0.0005 BTC. Investors can deposit funds via wire transfer or credit card. However, the platform doesn’t support some regions, including the U.S.
| Pros | Cons |
| · Margin and futures trading with high liquidity | · Some regions not supported |
| · 24/7 Customer Support | · Low leverage for margin |
| · Desktop client and Mobile app available | |
| · Beginner Friendly |
- Upbit
Launched in 2017, Upbit is a crypto exchange based in South Korea. Upbit offers a popular selection of trading pairs across over 250 markets and 160 coins. The platform ranks among the top five in daily trading volume, which currently exceeds $6.2 billion. The exchange supports trading via desktop clients and mobile apps. Its mobile apps offer traders real-time notifications with trends and intuitive analytics. However, like many other exchanges, Upbit does not support trade in the U.S. The exchange has a flat rate trading fee of 0.25%, which is at par with the industry average. Its withdrawal fee of 0.0005 BTC is among the lowest in the industry.
| Pros | Cons |
| · High liquidity with multiple coin support | · Some regions not supported |
| · 24/7 Customer Support | |
| · Desktop client and Mobile app available | |
| · Beginner Friendly |
- Kraken
Kraken exchange launched in 2011 and supports coin and token trading, staking, margin trading, and futures trading. Unlike some counterparts offering flat-rate brokerages, Kraken offers a variable maker-taker fee schedule which is often cheaper. Kraken also secures 95% of assets in offline/cold storage and deploys 2FA for users to access their accounts. With its 10 years’ operation in the market, Kraken remains one of the best crypto exchanges.
| Pros | Cons |
| · Multiple coins supported plus margin and futures trading with high liquidity | · Limited customer support |
| · Low transaction fees | · Complex for beginners |
| · Web and Mobile Platforms Supported | |
| · Secure crypto asset storage | |
| · Pays bi-weekly staking rewards |
- Bitcoin.com Exchange
Bitcoin.com Exchange launched in 2019 and is registered in the Bahamas. The exchange offers over 130 trading pairs across 200+ markets. Trade all the top cryptocurrencies on Bitcoin.com exchange to get fast and secure services with dedicated 24/7 customer support. Bitcoin.com’s trading platform is available on both desktop and mobile platforms to provide seamless trading. Trading fees on Bitcoin.com are 0.20% for takers and 0.15% for makers. This is slightly higher than the average prices across the industry. The platform provides leveraged trading to investors.
| Pros | Cons |
| · Offers leveraged trading | · Slightly higher transaction fees |
| · 24/7 customer support | |
| · Web and Mobile Platforms Supported | |
| · Secure crypto asset storage |
- ZBG
ZBG is a China-based crypto exchange that was launched in 2018. It is a subsidiary of the ZB.com exchange offering a trading platform for new and innovative tokens. Trade over 35 tokens on ZBG’s flexible exchange, which supports desktop and mobile trading support. ZBG offers a first-class user experience (UX) with 24/7 customer and technical support. ZBG has relatively low liquidity as it focuses on new tokens which have lower market caps. Takers on ZBG pay a 0.075% fee while makers pay 0.025%, making the platform slightly expensive compared to counterparts of the global average contracts for taker and maker fees.
| Pros | Cons |
| · Multiple coins supported | · Slightly high fees |
| · 24/7 Customer and Technical Support | · Significantly lower liquidity |
| · Web and Mobile Platforms Supported | |
| · Lists new and innovative tokens faster | |
| · Beginner Friendly |
- KuCoin
Founded in 2017, KuCoin is a Seychelles-based crypto exchange that offers at least 300 different trading pairs. The platform supports over 200 cryptocurrencies, including low market cap coins. The platform is synonymous with listing new coins making it popular with traders enthusiastic about new projects. KuCoin is accessible on android, iOS, Mac, and PC and has no limits on deposits and withdrawals. Trading fees are 0.10% for takers and 0.10% for makers.
| Pros | Cons |
| · No verification – anonymous trading | · Low trading volumes |
| · Wide variety of coins, including newly released cryptocurrencies | · Downtime during high traffic |
| · Very low deposit, withdrawal, and trading fees | |
| · Secure crypto asset storage | |
| · Simple and beginner-friendly |
- Bit-Z
Launched in 2016, Bit-Z is one of the several Hong Kong-based exchanges. The exchange supports over 95 cryptocurrencies and offers its traders professionalism, security, convenience, and synchronization. Only U.S. citizens from the State of New York are prohibited from trading on Bit-Z. The exchange has significantly high liquidity and offers a flat trading fee of 0.20% each on takers and makers. The platform also offers trading fee discounts to investors and charges 0.0005 BTC for withdrawals. The exchange accepts crypto deposits only, thereby limiting new users.
| Pros | Cons |
| · Professional with all-round customer support | · Crypto deposits only |
| · Multiple cryptocurrencies supported | · Fairly high transaction fees |
| · Low withdrawal fees | |
| · Secure crypto asset storage | |
| · Supported in most parts of the U.S. |
Conclusion
Apart from these top ten exchanges, multiple other trading platforms offer outstanding services. For instance, Coinbase, a U.S.-based exchange, is the most popular across North America. Other top exchanges include Bithumb and Crypto.com.
Additionally, decentralized exchanges have taken up with the growth of decentralized finance (DeFi) protocols. Some top DEXes are Uniswap, PancakeSwap, SushiSwap, MDEX, and Serum.
