Crypto Market Exchanges

A crypto exchange is a trading platform that allows users to make a purchase and sale, storage and exchange of cryptocurrency. A cryptocurrency exchange is an online resource aimed at the possibility of trading in real time. The principle of functioning of such sites is similar to currency, commodity and stock exchanges – prices are determined by the market, according to the principle of "supply / demand" for each token. In addition to trading in cryptocurrency, crypto exchanges also provide the ability to store coins. However, we do not recommend storing your assets on cryptocurrency exchanges, as it is very unsafe when you are not active trading. Any user can create an account, replenish the account balance and trade: buy or sell Bitcoin, Ethereum, Ripple and other valuable coins. The popularity of stock exchanges is growing following the rapid rise in the value of crypto assets. Their price volatility is quite high: daily fluctuations of 10-15% are perceived as normal; some altcoins can increase in value per day several times. As a result, the potential of fast earnings attracts investors and traders, for some cryptocurrency trading becomes the main occupation.

So here are some tips on how to identify the best cryptocurrency exchange:

• Reliability rating and reputation. The better reviews about the stock exchange on popular crypto forums, such as Bitcointalk or Reddit, the better you will sleep at night. To raise funds on the exchange with a mixed reputation is not worth it. We advise you to listen to the advice and experience of other users and choose proven sites.
• Size of commission. All cryptocurrency exchanges, like any other exchanges, charge a percentage of the commission for their services. It varies depending on the exchange, with an average of 0.2%. Recently, the stock exchange does not establish a constant amount of commissions, and make it dynamic: % commission decreases with an increase in trading volume.
• Number of trading pairs. The greater the choice of currency pairs offered on the exchange, the more tools for earning you have. These can be both the most popular highly liquid cryptocurrencies and less liquid altcoins. However, we must remember that quantity is not always the key to success. It is much more important to have an optimal set of trading pairs able to ensure an efficient and effective trading process.
• Daily cash turnover. The higher the indicators of the trading volume of the exchange, the greater prospects for earning you receive. An exchange on which the volume of trading is $ 50 per day is unlikely to provide you with high earnings. The high daily turnover of the exchange speaks about its success, popularity and influence in the entire cryptocurrency market.
• Payment options. A wide range of payment methods gives you more options for transactions with digital assets. Thus, some exchanges work exclusively with cryptocurrencies and do not support fiat money, while others allow using any monetary assets.
• Verification requirements for users. At different exchanges, the requirements for new users may differ: some set rigid limits and severely limit trading opportunities, others are more loyal to unverified users, but set a limit for daily trading turnovers. There are also exchanges on which there is no mandatory identity verification, which allows users to maintain complete anonymity.
• Convenient user interface. The more tools for analysis and statistics on the stock exchange and the more comfortable it is to use them, the faster and more efficient the bidding process will be. It is also important to have statistics on the operations carried out and tools for technical and graphical analysis, allowing to correctly assess the market situation.
• The location of the local exchange. Some sites operating on the territory of one state may be closed to users from other countries. Most often these are Japanese and South Korean exchanges, which are very attractive for cryptocurrency transactions, but are available only for residents of these countries.
• Responsive support service. The faster and more productive it works, the more operations with cryptocurrencies you can carry out, as well as get professional help in case of a problem.

The main problem of most stock exchanges is the high commission for depositing and withdrawing fiat money, which grows if withdrawal is possible only on the crypto wallet with a further exchange for national currencies through exchange offices.

Today, there are more than a hundred exchanges in the rating, but if you compare prices for the same currency pair on different platforms, it is easy to single out the best among them, which allows users to make money on the difference in rates. This is the so-called “cryptocurrency arbitrage” – earnings on the difference between the value of the same currency on different trading platforms. When choosing a trading platform, you first need to carefully study the ratings of the best exchanges and select those for which it is most advantageous to buy currency (where the lowest price is), the best thing to trade (sell at the highest price), and those that have the best conditions for storing digital savings. After examining the current list of top exchanges, you can select exchanges that have already earned a good reputation, and thus minimize your risks. We are looking forward to your feedback on any of the exchanges presented in the rating – if you’ve had any challenges trading please let the community know in the Reviews section! If this rating was useful to you or you would like more information listed we would love to know that too.