The crypto market is expanding at a fast pace. This is because people from all over the world have started taking digital currencies seriously. This is giving rise to competition among crypto trading platforms and exchanges. One may have a problem deciding on the best crypto exchange. Keeping this in mind, we have shortlisted the best crypto exchanges that are a safe bet.
Coinbase
It would be unfair not to mention Coinbase first in the list of best crypto exchanges. Coinbase didn’t become popular overnight. They have put a lot of struggle into becoming the most reputed and trusted crypto exchange in the world. Founded in 2012, Coinbase is a fully licensed and regulated crypto exchange supporting all US states except Hawaii. Initially, Coinbase allowed only BTC trading but later began accepting other cryptocurrencies meeting its criteria.
Pros
- Simple users interface
- A wide range of altcoin choices
- Extremely high liquidity
Cons
- User doesn’t control wallet keys
- High-fees when you don’t have pro membership
Binance
Binance is the best choice for non-US users. Although Binance started a lot later than Coinbase, the popularity it has gained over time is remarkable. It offers over a hundred different trading pairs between different crypto coins. The exchange also offers crypto-fiat pairs as well. Binance was founded in 2017 with a big focus on altcoin trading. it’s a complete package for those who are after a safe and secure crypto exchange with advanced features. Binance caters to everyone, be it a novice or an experienced crypto trader.
Pros
- Advanced charting
- Lower fees than other commonly-used crypto exchanges
- Wide selection of digital currencies and trading pairs
Cons
- Ideal for serious and advanced level users
- Limited trading pairs for US traders and users
- Not all states supported
James has been a crypto enthusiast for a year. He’s an avid watcher of all the latest developments in the space, and enjoys predicting what will happen next with his favorite coins.
He lives in his hometown of New York City with his wife and two sons. His hobbies include watching movies, playing basketball, and reading about how to survive disasters that may occur from climate change or an asteroid impact!
