The demand for cryptocurrency is constantly growing. So, from February 2021 to February 2022, the rate of most cryptocurrencies increased significantly. For example, the same Etherium (ETH) rose more than four times.
The inclusion of Bitcoin in the investment portfolio of large companies, new applications and projects based on blockchain technologies, and interest in the crypto from the government of various countries are increasing this demand. As a result, the supply and urgency of finding a reliable cryptocurrency exchange is increasing.
A cryptocurrency exchange is a platform where people trade different cryptocurrencies. That is, they are engaged in trading. This is a place where you can buy cryptocurrencies, exchange them, convert them to fiat currency, invest and more.
Of course, there are the most popular platforms, like Binance, Coinbase, Kraken. But there are many more worthy and reliable crypto exchanges. Each has its pros and cons. We examined 30 of their most popular and offered top exchanges for successful trading.
Choosing your crypto exchange is a matter of taste and coincidence on critical factors. According to these criteria, crypto exchanges are evaluated, and a rating is compiled, according to which a platform for trading is chosen:
As a rule, each rating of cryptocurrency exchanges evaluates the platform according to the following characteristics. Also, more advanced cryptocurrency exchange ratings like CryptoCompare, CoinMarketCap and others consider a few more critical nuances.
This moment is of particular interest to investors, for whom it is essential to understand the liquidity of the cryptocurrency market. Accordingly, the greater the trading volume, the greater the liquidity. That is, trading here is more profitable and more accessible.
The trading volume is determined by the total amount of sold and bought cryptocurrency for a certain period. A large volume of cryptocurrency trading on the exchange means they quickly buy and sell cryptocurrency at the market price.
Trading volume also shows market trends. Thus, an increase in trading volume indicates:
Or it is artificially created to raise prices for the crypto and draw the attention of traders and investors.
A reliable exchange also guarantees a safe and comfortable withdrawal of funds. Ratings of crypto exchanges consider the withdrawal time, the complexity of the procedure, and the absence of risks. Typically, the withdrawal scheme looks like this:
But although the process of depositing and withdrawing cryptocurrencies is more or less similar on all exchanges, each has its conditions. Therefore, rereading the instructions to avoid unpleasant surprises when withdrawing funds is better.
Top cryptocurrency exchanges offer safe, simple, and understandable trading and transaction conditions. How should the crypto trading process on a top exchange look like:
The procedure may be slightly different, but the principle is the same.
There are many factors for choosing an exchange, and each user may have their preferences. But searches and comparisons among hundreds and dozens of platforms can take much time. Therefore, to make it easier for you to choose, we offer the top 30 most popular exchanges with the highest ratings according to the main criteria for selecting platforms for crypto trading:
Cryptocurrency trading can be a powerful source of income and a way to develop business skills, mainly if you have found a trading platform that is right for you. We wish you good luck in the auction!
This platform allows you to trade cryptocurrency and convert it to fiat money and vice versa.
This is virtual (digital) money based on blockchain technology and using encryption technology to secure transactions and control the creation of new currency units.
This is the buying and selling financial instruments (stocks, currencies, commodities, etc.) to earn on the difference between their purchase and sale prices.
Ratings of crypto exchanges, reviews and selection of key factors will help you with this: security, reputation, available currencies, etc.
You need to create a personal account and go through the verification process, where you will be asked to provide personal data and confirm its authenticity.