Best Crypto Exchange – Top 10 cryptocurrency exchanges

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Crypto trading on cryptocurrency exchanges requires knowledge about the market, which can help you gain profit. Before starting your trading journey, you first need to know what cryptocurrency is?

What is cryptocurrency?

Cryptocurrency is a new asset class that only exists digitally and is powered by blockchain technology. You can trade cryptocurrencies like stocks and commodities.

No central authority issues a cryptocurrency. Blockchain helps in recording and managing transactions. It is also the technology that gives birth to cryptocurrency.

All the records are secured and stored in a distributed ledger using robust cryptography.

Now that you know what cryptocurrency is, you need to know where you can use cryptocurrency to profit.

What is a cryptocurrency exchange?

To put it simply, a crypto exchange allows you to buy and sell crypto assets.

Cryptocurrency exchanges facilitate users to trade assets by acting as an intermediary. And earn profit through transaction fees.

In this article, we will look into top 10 cryptocurrency exchanges based on multiple parameters.

Summary

NameSecurityBeginner-friendlyFeeMobile friendlyReputation Supported currenciesOverall
Binance5/54/54/55/55/55/54.7/5
Coinbase4/55/53/55/55/53/54.3/5
BYDFI5/55/55/55/54/54/54.5/5
Paybis5/55/54/54/54/54/54.3/5
Huobi5/54/53/55/54/55/54.2/5
Bitmex4/52/54/51/54/51/53/5
Gemini5/54/52/54/54/53/53.8/5
Bitfinex4/52/54/54/52/54/54.1/5
Bittrex4/54/51/55/54/55/54/5
GMX2/54/55/54/54/53/53.9/5
Deribit5/51/53/54/54/52/53.7/5

10 Best Crypto exchanges

To invest in the crypto market first, you need to know about various crypto exchange platforms providing their services. Hence let’s list out the ten best cryptocurrency exchange platforms.

1. Binance

What is Binance?

‘Binary + Finance’ are the two words that make Binance. Binance is a crypto exchange that provides a trading platform and various cryptocurrencies related services.

Binance
Binance

In January 2018, Binance stood as the world’s largest trading exchange in terms of volume. It is 2021, and this exchange platform has still managed to maintain its position on the top.

Binance not only provides trading services but also help users educate about Blockchain and crypto education.

Where is Binance located?

The origins of Binance go into China, although they had to shift their company because of the Chinese government’s ban on cryptocurrency. Binance currently operates from Japan.

Spot and Margin trading at Binance

Spot trading: Binance offers various features in spot trading. Users can choose between multiple interfaces, for both beginners and pro traders.

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

Margin trading: It is available for users to trade on the leverage of up to 10x on some available coins.

How to withdraw from Binance?

Once you’re a registered user of Binance and start trading, you need to make withdrawals at times. 

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

Binance allows easy withdrawals after logging into your account, and then you can click on the spot wallet button. 

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

You’ll have to click on withdraw button for the transaction to process.

Binance Fees Charged 

Binance charges 0.1% of trading fees on every transaction. However, they do not charge any fees on deposits and charge 0.0004 BTC for withdrawals. 

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

Binance offers its users a 25% discount on using Binance coin while trading.

How safe is Binance?

Binance is the largest crypto exchange; hence the security is top-notch. They offer you 24×7 support and process more than 1,400,000 transactions every second.

Binance: Pros and Cons

ProsCons
Speed: Binance processes approximately 1.4 million transactions.Newcomers: Binance is a vast platform and can be overwhelming to beginners.
Available Options: Binance offers more than a hundred cryptocurrencies to trade.Customer support: Due to a large user base, it is hard to attend to all their clients’ grievances.
Security: Since Binance is the largest exchange platform, the deposit will be of premium quality.
Binance API: It provides you with an efficient way to integrate your trading application at Binance.
Binance: Pros and Cons

Wish to learn how to use Binance or how to trade on Binance? Go check out our ultimate guide on comparing Binance vs. Pionex.

2. Coinbase

What is Coinbase?

Coinbase is one of the most extensive cryptocurrency trading platforms in the world. It is available in more than 100 countries and 43M+ verified users. And it is the most popular crypto exchange in the United States.

Coinbase
Coinbase

Coinbase is considered the perfect platform for beginners due to its simple and easy to use interface.

Where is Coinbase located?

Coinbase first came into existence in San Fransisco, California, the USA, in the year 2012. Coinbase still has its headquarters in San Fransisco. However, now it has offices in multiple cities all across the US.

How to use Coinbase?

Coinbase is accessible from any device but is an entire browser-based platform. First, you need to create your account on the trading platform and then deposit the amount to start trading.

When you first log into your account, you will be witnessing an option to buy crypto, which will kickstart your crypto journey.

What is coinbase Pro?

Coinbase is the most popular trading platform in the US. However, it comes with limited features that are beginner-friendly. At the same time, Coinbase Pro offers a robust crypto trading platform.

Coinbase Pro Interface
Coinbase Pro Interface

Once you are ready to do it all on your own, Coinbase Pro offers you an option with lower commission fees. It also has a chance of Margin trading and enables users to place limits, market, and stop orders with a lower commission fee.

Coinbase deposits and cryptocurrency support

Coinbase not only accepts cryptocurrencies but allows you to deposit in Fiat currencies. In addition, Coinbase allows you to buy and sell coins from your debit or credit cards or even bank accounts.

Coinbase Fee

Coinbase has a very complex fee structure and is also very high if you’re not a Coinbase Pro user. The fee charged by coinbase depends on the value of purchase, payment method, and even location.

Here’s an overview of the fee charged by coinbase in the USA:

Coinbase Fee For Us Customers
Coinbase Fee for US customers

How safe is coinbase?

Coinbase uses premium security features, and all you need to do is maintain the security from your side. Coinbase offers biometric security, two-step verification, and insurance in case there is a breach at coinbase. However, this insurance is not valid if you perform any act of carelessness.

Coinbase Security
Coinbase Security

Coinbase stores almost all of its users’ funds in cold storage centers and protects them from hackers.

Coinbase Pros and Cons

ProsCons
Accepted currencies: Coinbase accepts Fiat currencies, which is rare among cryptocurrency exchanges.Availability: The major drawback of coinbase is that they are not functional in all the countries.
User interface: Coinbase offers a beginner centred UI.Fess: Coinbase has very high fees, which is the sole major drawback if a user is not using Coinbase Pro.
Accepted currencies: Coinbase only agrees with the most popular and trusted cryptocurrencies.They lack in offering various other underrated cryptocurrencies.
Security: The security offered by Coinbase is the best in the market. They even provide you with insurance.Control on the wallet: Coinbase is a centralized exchange. Hence, a user stores the cryptocurrency bought by him in a wallet. 
Coinbase Pros and Cons

What is a Coinbase wallet?

Coinbase also offers a crypto wallet to its users. You can know more about it by reading our detailed review of the Coinbase wallet.

3. BYDFI

What is BYDFI?

BYDFI is one of the world’s best cryptocurrency contracts exchange. With its easy to use interface and instant signup process, BYDFI is a beginner-friendly cryptocurrency exchange platform. 

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

BYDFI is the perfect platform for traders seeking exposure to the crypto market. Because it offers one of the fastest trades to its users. It is also capable of carrying out a million trades in a second.

Where is BYDFI located?

BYDFI came into existence in the year 2019 in Singapore and regulate all its trades from Singapore.

Bydfi Features
BYDFI Features

However, BYDFI provides its services in more than 150 countries, far more significant than many massive trading platforms.

How to use BYDFI?

BYDFI offers one of the most basic and easy to use interface. Firstly, you need to complete your sign up process and then deposit an amount to begin trading at BYDFI.

Bydfi User Interface
BYDFI User Interface

BYDFI offers traditional cryptocurrency contract trading as well as copy trading. Copy trading at BYDFI is the perfect opportunity for beginners to learn about the market and develop trading skills.

What is copy trading?

Copy trading allows you to copy the trading strategy of an expert trader. To learn more about copy trading at BYDFI, read our ultimate guide for copy trading at BYDFI.

Trader'S Details
Copy Trading at BYDFI

BYDFI deposits and cryptocurrency support

BYDFI takes deposits in two significant forms. You can either transfer from your crypto wallet to deposit the funds or use your VISA or Mastercard to buy a USDT.

However, there is a third option available for you if you belong from Mainland China, Indonesia, or Vietnam. BYDFI offers to accept Fiat from users of these locations.

BYDFI Fee

BYDFI provides a shallow trading entry that is 5 USDT. BYDFI charges a currency exchange fee of 0.05%.

Bydfi Overnight Fee
BYDFI Overnight fee

However, the following formula can determine the opening and closing fee:

(Margin * Leverage * 0.05%)

Is BYDFI safe?

Many of the cryptocurrency contract exchanges fall under a single jurisdiction. However, BYDFI is different; it falls under four jurisdictions and is regulated by:

  • The American money services
  • The MTR of Estonia for EU
  • Australia’s AUSTRAC
  • Singaporean ACRA
Bydfi Licenses
BYDFI Licenses

BYDFI only stores a small fraction of funds in the wallets. The remaining funds remain in cold storage with optimum security. You also should maintain the security of your account by using two-step verification and keeping your data safe. BYDFI helps you avoid phishing attacks as the entire communication is SSL encrypted.

BYDFI: Pros and Cons

ProsCons
They own licences from four different regulators.
They charge a low trading fee.They provide the option of very few cryptocurrencies.
They support OTC deposits.The OTC deposits are available only in a bunch of countries.
They offer a broad leverage range, i.e. from 5x to 100x. 
BYDFI: Pros and Cons

To know more about BYDFI, read our detailed review of BYDFI.

4. Paybis.com

What is Paybis?

Paybis – a fast-growing cryptocurrency exchange that provides a seamless platform for users to effortlessly exchange digital assets. Whether you’re an experienced trader or new to the world of crypto, Paybis offers a comprehensive range of features tailored to your needs. Our global presence is complemented by three domestic acquirers in the U.K, USA, and Europe, ensuring that you can access Paybis regardless of your location, anytime.

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

Is Paybis safe?

Of course! Paybis ensures user safety through strict compliance, secure transactions, trusted partners, and an experienced team. Our platform follows regulations, implements KYC/AML procedures, and employs encryption and security protocols for secure transactions. With our experienced professionals maintaining high security standards, you can trust Paybis for the safe process of buying and selling crypto.

How to use Paybis?

Getting started is quick and easy. Simply create an account, and you’ll be ready to dive into the world of crypto trading. Our user-friendly interface ensures smooth navigation, allowing you to complete transactions in no time. What sets Paybis apart is our attractive and transparent fee structure. We offer the most competitive fees in the market – no surprises. Transparency is the key to making well-informed decisions.

Paybis: Pros and Cons

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

What is Paybis Onramp/Widget?

Our latest product, White-label On/Off-ramp, designed to supercharge your crypto business is a new word in crypto. It brings a multitude of benefits, including enhanced success and approval rates, improved user experience by eliminating KYC for transactions up to $2000, and much more.

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges

Paybis deposits and cryptocurrency support

You can make a deposit to Paybis by Credit or Debit Card, or by one of the e-wallets like Neteller, Skrill and more. You can also deposit crypto, as well as buy and sell coins from your debit or credit cards or even bank accounts.

To know more about BYDFI, read our detailed review of Paybis.

5. Huobi

What is Huobi Global?

Huobi is one of the earliest crypto exchange platforms in the market providing services since 2013.

A mere three months after its launch, Huobi had a turnover of $4 billion. By 2014, Huobi had quadrupled this amount and made a mark on the Asian cryptocurrency market.

Huobi Crypto Exchange
Huobi Crypto Exchange

Where is Huobi located?

By the end of the year 2013, Leon Li had the trading platform running in China. However, China banned the trade of cryptocurrency in the year 2017. Huobi shifted its headquarters to Seoul, South Korea, and is still controlling its business worldwide from Seoul.

How to use Huobi?

Firstly you’ll need to create your account on Huobi, and then you’ll have to complete the KYC verification process.

Huobi is a very advanced platform; therefore, it also offers a virtual interface inclined towards beginners.

Huobi Cryptocurrency support and deposits

Huobi accepts almost all cryptocurrencies as a deposit. Besides, Huobi also provides its users with an opportunity to make a deposit using credit or debit cards or even bank transfers.

Payment Methods Supported By Huobi
Payment methods supported by Huobi

Huobi Fee

Huobi doesn’t have a specific withdrawal fee as they update it now and then according to the market. However, Huobi provides VIP membership that reduces the cost by up to 60%.

Huobi Fee
Huobi Fee

You can also use HT token to slash the fee almost half by storing them in your wallet and using them while making a trade or withdrawal.

Huobi Fee With Ht Holding
Huobi Fee with HT holding

How safe is Huobi?

The most essential and scary part of centralized exchanges is that they have a chance of being hacked. However, Huobi has never lost a single Bitcoin and they claim that your asset is highly secure under their top security. Huobi has recently launched its user protection funds.

Huobi: Pros and Cons

ProsCons
They offer user protection fund in case they are hacked and suffer any losses.They offer a low withdrawal limit, which is further less in the case of non KYC user.
Huobi maintains the right balance of advanced and easy to use trading platform.
Huobi: Pros and Cons

6. Bitmex

What is Bitmex?

Established in 2014, Bitmex has proven to be one of the best platforms for crypto trading. Bitmex offers leveraged contracts and is a peer to peer trading platform.

Bitmex allows its users to buy or sell assets using Bitcoin. In addition, Bitmex only handles bitcoins, and all the profit and loss incurred is in Bitcoin. It doesn’t take any Fiat currency.

Bitmex has no trading limits once the user registration is complete. However, Bitmex is currently facing a trial in the US and isn’t providing services to US residents.

How to use Bitmex?

Bitmex offers a very outdated user interface. It even feels that the developers forgot to enhance their website after the year it first came into existence. However, it’s still functional and provides all the necessary information. 

Bitmex Trading Interface
Bitmex Trading Interface

To trade at Bitmex, you first need to complete your registration. Once you make your very first trade, you can view them through active orders. 

Bitmex has designed its interface keeping in mind the requirements of a desktop, and hence you’ll observe the complex screen in front of you when you first visit their website. However, Bitmex is one of the first crypto exchanges to offers 100x leverage trading.

Bitmex Fees

Bitmex doesn’t charge any deposit or withdrawal fee. However, they do charge a minimum Bitcoin Network fee, which is dynamically based on Bitcoin.

Bitmex charges the maker fee, taker fee, and the settlement fee according to the leverage as:

Bitmex Fee
Bitmex Fee

How safe is Bitmex?

Bitmex uses Amazon web services to ensure that the servers are well protected and a variety of security facilities are available. Bitmex takes the security of its users’ assets carefully. To read more about their security, visit here.

Bitmex Security Practices
Bitmex security practices

Bitmex Pros and Cons

ProsCons
Only Bitcoin marketsNo app or mobile version is available.
High liquidity exchangeThere is a minimum deposit amount set for all the traders.
Customizable widgets exist in the desktop version.Bitmex only allows trade bitcoins, and withdrawals are carried only at a set time in a day.
Bitmex Pros and Cons

7. Gemini

What is Gemini?

Gemini is one of the very few cryptocurrency exchanges regulated in the US. It is governed explicitly by NYSDFS. Gemini offers you to trade and store more than 20 most prominent cryptocurrencies. Gemini keeps in mind beginner traders as well as experienced traders. It is one of the few platforms that provides its services based on the investor’s skills.

Gemini-Buy-Bitcoin
Gemini crypto exchange

Gemini now also offers its credit card with a return of up to 3% in bitcoin or other cryptocurrencies.

Where is Gemini located?

Gemini came into existence in 2014 by the creators of ConnectU. Yes, you got it right, the Winklevoss Twins (the predecessors of Facebook). As of now, Gemini is continuously expanding its user reach, specifically in Asia and Europe.

How to use Gemini?

When you’ve complete the signup process, you’ll have to fund your account to continue trading. Gemini offers you a mobile application with a primary user interface.

What currency does Gemini accept?

Gemini accepts deposits in almost all the significant digital assets and recently started taking Fiat currency. However, Gemini accepts only USD as a Fiat currency. In addition, Gemini accepts wire transfers from everywhere else and ACH from the citizens of the US.

Gemini Fees

Gemini doesn’t charge any deposit fee. Gemini’s current fee schedules are:

The chart below represents the fee charged by Gemini. However, if you need more information, you can visit the links above.

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges
Gemini Fee

How safe is Gemini?

Gemini offers one of the best securities in the crypto market. It protects your assets from external hacking threats while keeping in mind that you don’t make any human errors. Gemini also adheres to strict rules and keeps your assets unavailable to Gemini’s team to prevent misuse of insider access.

Gemini Security
Gemini Security

Gemini offers various other features such as Two-factor authentication, cold storage, and hot wallet for easy withdrawal. To know more about their security, you can visit their website.

Gemini Pros and Cons

ProsCons
Easy signup process and simple user interface promote beginners.They charge both commission and a convenience fee from users.
Completely regulated exchangeLack of advance trading tools
Gemini Pros and Cons

8. Bitfinex

What is Bitfinex?

Bitfinex is one of the best cryptocurrency exchange platform. It offers its users a peer to peer technology and margin trading for various assets.

Bitfinex Crypto Exchange
Bitfinex Crypto Exchange

Bitfinex is lead by experts having years of experience and thrive every day to provide their users with a platform unlike any other. However, In the year 2015, a hack led to a loss of almost 1500 bitcoins.

Where is Bitfinex located?

Bitfinex was founded in December of 2012 and has its headquarters reside in Hong Kong. However, It has had various mishappenings in the past, which you can read over here.

How to use Bitfinex?

Bitfinex is designed to cater to the needs of professional traders and yet has a simple user interface. You can access Bitfinex from your Android or iOS.

After you’ve completed the signup process, you will need to deposit an amount to begin trading.

Bitfinex deposits and cryptocurrency support

Bitfinex takes deposits in almost all primary forms. This includes cryptocurrencies, deposits using Fiat, credit cards, and debit cards.

Bitfinex Deposit
Bitfinex Deposit

To know more about their accepted payment modes, please visit here.

Bitfinex Fees

You can check Bitfinex trading fees in the images below or visit their website.

Bitfinex Trading Fee
Bitfinex trading fee

Bitfinex charges a fee on wire deposits and also on withdrawals which can be as follows:

Bitfinex Withdrawal Fee
Bitfinex withdrawal Fee

How safe is Bitfinex?

Bitfinex provides its users with two-factor authentication, U2F, advanced API key permissions, advanced verification tools, withdrawals protection, and email encryption with OpenPGP.

Like every other central cryptocurrency platform, they store almost all the users’ assets in offline cold storage modes.

However, seeing their troubled past makes it hard to trust their security, yet it has been a long time, and they have undoubtedly learned from their mistakes.

Bitfinex Pros and Cons

ProsCons
Offer a wide range of services to professionals with maintaining their simple user interface.
Low trading and withdrawal fees.The major drawback is the security breach of 2015.
Purchase cryptocurrency using Credit cards.They consume a lot of time to verify users’ accounts.

9. Bittrex

What is Bittrex Global?

Like almost all the old crypto platforms making it to the top ten, Bittrex also stands as one of the best cryptocurrency exchanges. Bittrex doesn’t differentiate between its expert and beginner customers and provides cutting edge technology to both of them.

Bittrex
Bittrex

Bittrex allows you to trade only when you’ve completed and passed their document verification.

Where is Bittrex located?

Three people founded Bittrex in late 2013 in the USA. All three founders were former employees of Microsoft. Bittrex currently operates from Liechtenstein.

How to use Bittrex?

Bittrex provides its services to customers from all around the globe except the USA. However, the customers from the USA can contact Bittrex Inc, a different company.

After signing up, you need to deposit the amount in the currency accepted by Bittrex. They have a fast and straightforward UI that will help you to begin your crypto journey. However, they do not offer Margin trading, which many expert traders might lack while trading. 

Bittrex App
Bittrex App

Bittrex deposits and cryptocurrency support

The deposits from the US occur only through wired transactions. However, people from around the globe can use almost all the altcoins and cryptocurrencies for deposits.

Bittrex Fees

According to Bittrex, they charge one of the lowest commission fees in the market than their competitors. 

Bittrex Fee
Bittrex Fee

Apart from this, they also charge a transaction fee governed by blockchain depending on the market.

is Bittrex safe?

They offer one of the best security services among various cryptocurrency exchanges. Like all of their major competitors, they provide two-factor authentication that keeps the user data secure.

Bittrex stores all of their users’ funds in offline cold storage that is highly guarded and secure.

Bittrex Pros and Cons

ProsCons
Their services are highly secure, and the funds are protected from almost all kinds of threats.There have been issues with their customer support system.
They accept a wide variety of crypto and fiat currencies.It can be challenging for newcomers to adapt to their platform.

10. GMX Decentralized Exchange

What is GMX?

GMX is a decentralized perpetual exchange that came into the limelight after the FTX crash.

A decentralized perpetual exchange (or DEX) is a type of cryptocurrency exchange that operates on a blockchain network and allows for the trading of perpetual contracts.

Perpetual contracts are a type of derivatives contract that is similar to futures contracts but do not have an expiration date. This means the contract can be held indefinitely, and the holder can choose to close the position at any time.

Decentralized exchanges allow users to trade cryptocurrencies directly with each other, without the need for a central authority or intermediary. GMX is built on smart contract technology, which enables the execution of trades on the blockchain.

GMX provide greater security and autonomy for users, as they don’t need to rely on a centralized entity to hold and manage their assets.

However, decentralized perpetual exchanges are a relatively new concept and still in development, so it is important to research the security measures, regulations, and risks that the specific exchange platform has.

Best Crypto Exchange - Top 10 Cryptocurrency Exchanges
GMX

GMX Fees

The cost to open or close a position at GMX is 0.1% of the position size.

For long positions, the collateral is the token being longed; for example, for ETH long positions, the collateral is ETH, for BTC long positions, the collateral is WBTC, etc. Any supported stablecoin, such as USDC, USDT, DAI, or FRAX, can be used as collateral for short positions.

The usual swap cost, which ranges from 0.2% to 0.8% of the size of the collateral and is determined by whether the swap increases or decreases balance, would be charged if a swap is required while opening or closing a position.

11. Deribit

What is Deribit?

The name Deribit comes from the words’ derivative’ and ‘bitcoin.’

Deribit offers its options and futures trading services to more experienced traders rather than newbies in crypto trading.

The platform excels in offering leveraged trading and provides a leverage of up to 50x in Ethereum and 100x in Bitcoin.

Deribit Crypto Exchange
Deribit Crypto Exchange

Where is Deribit located?

In the year 2016, Deribit came into existence through its founder Jon Jansen. It is based in the Netherlands and is still serving its customers worldwide from Ermelo, Netherlands.

How to use Deribit?

Firstly you’ll have to create an account and register with your email. Then the next step would be to complete your KYC as it will enhance your trading experience.

Deribit Kyc
Deribit KYC

What payment methods are accepted by Deribit?

Deribit allows you to only transfer Bitcoins. For withdrawal, you need to go to the withdraw tab and submit the request for drawing the desired amount.

Deribit Fees

It follows a maker-taker model. There are two types of order. A “maker” order adds liquidity to the order book. It is executed instantly. A “taker” orders removes liquidity from the order book. It is not executed instantly.

ContractsMaker FeeTaker Fee
BTC Futures/ Perpetual0.00%0.05%
ETH Futures/ Perpetual0.00%0.05%
BTC/ ETH Options0.03% of the underlying or 0.0003 BTC/ ETH per contract.0.03% of the underlying or 0.0003 BTC/ ETH per contract.

The options fee can never be more than 12.5% of the options price. 

There is also an additional fee for options and futures delivery. It is 0.025% and 0.015% for futures and options respectively.The additional fee for options can never be more than 12.5% of the options price. 

There is also an additional fee for liquidation. It is added to the insurance fund automatically.

ContractsMaker FeeTaker fee
BTC Futures/ Perpetual0.5%0.45%
ETH Futures/ Perpetual0.9%0.85%
Options0.19% or 0.0019 BTC per options contract0.16%  or 0.0016 BTC per options contract

There are no fees charged for deposits.

How safe is Deribit?

As per Deribit, 99% of its funds have a home in cold storage in offline modes. It is hence preventing them from any malicious attacks. However, it also reduces the speed of customer withdrawals.

Deribit offers a service of IP pinning, where if there is a change of IP address, the system terminates your session. They also provide two-factor authentication. However, you’ll have to enable it after setting up your account.

Read our Deribit review to learn more about the platform.

Deribit Security
Deribit Security

Deribit Pros and Cons

ProsCons
They offer high leverage as compared to their competitors.
They have an insurance fund protection.They do not accept Fiat currencies.
They have a clean record with no security breaches.
Deribit Pros and Cons

Best Crypto Exchange: Conclusion

Almost all of the trading platforms have their advantages and disadvantages. And still, some provide all the features to a trader. On our experience, we would suggest you go with Binance since it is the world’s largest crypto trading platform. However, Coinbase and BYDFI also offer their services which are comparable to Binance.

Cryptocurrency Exchange: FAQs

What is the best cryptocurrency exchange?

A platform that provides good liquidity, security, low fees, user interface is multiple is the best crypto exchange.

Which cryptocurrency exchange is best for beginners?

Well, the answer depends on the services you seek a cryptocurrency platform to provide. However, we believe Binance or BYDFI can meet your requirements as a beginner.

Are there no cryptocurrency exchanges based in the USA?

No, some platforms regulate from the USA. Such as BYDFI, Coinbase, Gemini etc. However, many platforms do not meet the guidelines of the US government. These platforms do not provide their services to the citizens of the USA.

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Gaurav
Gaurav

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