The best crypto exchange is a platform that makes it very easy and safe to trade cryptocurrencies. These platforms let you buy, sell, and store digital assets. And, if you are a day trader, you also need a platform that offers tools for research and technical analysis. Also, apart from the basic trading features, some exchanges offer staking, NFT trading, and lending.
Here, we’ll look at some key criteria to help you decide the best trading platform for crypto. These factors include trading fees, the number of cryptos, security, payment methods, KYC, easy-to-use, and more. The most trusted crypto exchanges manage to keep a balance of these features.
Best Cryptocurrency Trading Platforms for December 2024
- Binance: Best for high liquidity and trading volume
- MEXC: Best for low fees and no-KYC trading
- Bybit: Best for derivatives trading
- Coinbase: Best crypto exchange USA
- OKX: Best for beginners
- Kraken: Safest crypto exchange
- Crypto.com: Best crypto exchange app
- Bitget: Best for crypto copy trading
- KuCoin: Best for altcoins
- Uniswap: Best decentralized exchange
1. Binance: Best for high liquidity and trading volume
Binance is the #1 cryptocurrency exchange by trading volume and liquidity. It handles over $40 billion volume every day. This makes it a top choice for 246 million crypto traders globally.
Supported Coins: Binance supports more than 350 cryptocurrencies, this includes Bitcoin, Ethereum, Solana, and many new meme-coins as well.
Trading Fees: Binance’s trading fees are also low, just 0.1% maker/taker for spot trades, and it gets even cheaper with a 25% rebate if you pay with BNB. For futures trading, it charges 0.02% maker and 0.05% taker fee.
Payment Method: Binance payment methods are bank transfers, credit/debit cards, and third-party payment providers like SWIFT and SEPA. It also supports digital wallets, cash payments, and IMPS.
Features: Binance has advanced trading features like 125x perpetual futures contracts, margin trading, loans, and even an NFT marketplace. You can also earn rewards through Binance Earn, by saving or staking your crypto.
Security: Binance offers safety features like two-factor authentication and has an insurance fund called SAFU. This can cover your assets during emergencies such as hacking or insolvency. Plus, the support team is available 24/7 in 30+ languages.
Pros
- High trading volume and liquidity
- Advanced features including futures, margin, and options trading
- 350+ supported digital assets
- 125x leverage trading for BTC and ETH…
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