For Bitcoin investors, Bitcoin exchanges are always what they care about and look for. VakaFx would like to introduce to you the top leading Bitcoin exchanges in the world that are trusted and used by many traders.
1. Four key factors to keep in mind when choosing a Bitcoin exchange
The top four factors you should keep in mind before proceeding to buy and sell Bitcoin on any exchange are:
- Reputation and safety
- High liquidity
- Easy deposit and withdrawal
- Easy to use
These factors determine the quality, reliability, and competence of a cryptocurrency exchange.
2. Top 9 best Bitcoin and Crypto exchanges
Bybit
Bybit is a growing Peer to Peer (P2P) exchange. The exchange mainly focused on trading margin/leverage. Although only established in March 2018, the platform is becoming increasingly popular: attracting more than 100,000 users in the first 2 years only.
Advantages
- Safety: 2FA and phone number verification
- Low transaction fees
- Support Margin Trading: Margin trading with up to 100x
- High and quick liquidity: Good liquidity, fast increasing trading volume. In a recent report, the daily trading volume on the floor reached nearly 1 billion USD mark
- Simple interface
- Easy to use
Binance
Only launched in 2017, Binance has quickly grown to become the largest cryptocurrency exchange in the world with a total trading volume of up to $ 2.3 billion, a market value of $ 4 billion.
Advantages:
- Safe and stable system: Binance is designed in a multi-tier structure, which helps the system to load well and easily serve a huge volume of trading orders.
- High trading volume
- High transaction speed: Binance can process 1.4 billion transactions per second
- Support multiple languages: Binance currently supports multiple languages such as English, French, Italian, Chinese ...
- Support more than +300 different popular coins
- Hedging Fund: Binance deducts 10% of revenue from Bitcoin trading fees to create user asset protection funds to secure user assets.
Houbi
Huobi is one of Southeast Asia's leading cryptocurrency exchanges and currently ranks the top 3 in the world.
Advantages:
- Low transaction fee
- High security: 2FA, email verification, and SMS verification
- Margin trading
- Support platforms: iOS, Android, Windows, and Mac.
- Support more than +450 altcoins and tokens
- Support multiple languages
- Online support
- Risk reserve fund: Huobi also has insurance funds, preventing risks in cases where customers are hacked assets.
Kucoin
Advantages:
- Low transaction fee: only 0.1%
- Good user experience: KuCoin integrates charts from TradingView to optimize the support for traders to make transactions
- High commission: KuCoin shares 90% of the profits from the transaction fee for members. Specifically, the exchange will split 40% for the referrer and 50% if the referral holds KCS coin - Kucoin's coin, on the exchange.
- 24/7 enthusiastic support team
Bitfinex
Bitfinex is currently rated as one of the leading reputable cryptocurrency exchanges today. With solid backing from Tether, Bitfinex assures strong financial capability
Advantages:
- Accurate information: Bitfinex is among the top 10 exchanges showing real volume, as reported by Bitwise.
- Support more than +120 popular coins
- Low transaction fee: 0.1% - 0.2%
- Margin trading: Bitfinex allows users to trade margin with up to 3.3x leverage
- High liquidity: Bitfinex is always at the top of the exchanges with a large trading volume, about 1 billion dollars a day.
- Support to withdraw money via bank accounts
Coinbase
Coinbase is considered to be one of the oldest crypto exchanges. Also, it is one of the largest locations in the United States chosen by investors to trade Bitcoin and various cryptocurrencies.
Advantages:
- High liquidity
- Easy to use interface
- Good price
- High security
Kraken
Kraken - one of the most reputable and largest exchanges in Europe.
Advantages:
- High liquidity
- Easy-to-use interface: Kraken is designed to be user-friendly
- Margin trading: Margin trading with up to x5.
- Support stop-loss feature
- High security
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Okex
Advantages
- Margin trading: trade with up to x20
- Provide risk insurance
- Low transaction fee: 0.03%
- High security
- 24/7 support
- High liquidity
Bittrex
Bittrex - one of the Bitcoin exchanges that rained in the period from 2014 - 2017 in the US.
Advantages:
- Support Margin trading
- Accurate information: Bittrex is also one of the most honest trading volume reporting platforms, based on Bitwise.
- Support more than +300 popular coin
- High security: 2FA
- 24/7 support
- Support for web and mobile platforms
Hopefully, with this article, you will find the most reasonable and best bitcoin exchange.
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