3 of the Biggest Cryptocurrency Exchanges in the Market
Knowing about some of the biggest cryptocurrency exchanges is essential and helpful for all crypto investors and traders, especially the beginners. There is a wide array of crypto exchanges in the world that offer different kinds of services and features. Even though some of the exchanges may have different kinds of features it is not necessary that they match your criteria, trading requirements and more.
Therefore, it is important for you to know about the largest cryptocurrency exchanges so you can analyze the features. Once you know the services offered by an exchange, you can compare them with your requirements and see if they check all the right boxes for you or not.
Here are some of the biggest crypto platforms and a few of their details.
Biggest Cryptocurrency Exchanges – Kraken Exchange
The Kraken exchange was established in 2011 and is one of the oldest crypto exchanges in the United States of America. It is also one of the best crypto platforms that is popular among crypto investors and traders, both experienced and inexperienced. This US-based crypto exchange is a professional trading platform and is one of the safest platforms in the market. It’s trustworthiness and security is enhanced by the fact that it is a regulated platform. This platform also requires the KYC (know your customer) verification, which further improves the security of the exchange.
This is not only one of the largest Bitcoin exchanges but is also an advanced crypto exchange. Kraken uses leading-edge technologies and security systems such as Kraken Master Key that make it a topmost option for people interested in buying or trading crypto for the first time.
Other features offered by the exchange include:
- Support for more than 50 digital assets
- One of the lowest trading fees
- Impressive customer support
- In-built trading tools and features in the mobile application
- Support for multiple payment methods
Binance Exchange
One of the biggest cryptocurrency exchanges in the world is the famous Binance exchange. This is the world’s largest platform and is known for more than just its trading volume. It is a centralized exchange with a user-friendly interface, that makes it a suitable option for beginners as well as experts.
The variety of trading pairs it supports also puts it at the top of most crypto enthusiasts’ list as there are over 400 trading pairs available.
Being one of the largest cryptocurrency exchanges in the market, Binance also offers impressive security and makes sure that the crypto enthusiasts are able to buy or trade crypto without worrying about their safety. It uses state-of-the-art security systems to strengthen the safety of user funds and information such as AI monitoring, two-factor authentication system and Forensics monitoring.
There are numerous trading tools, free tutorials and guides available to help both experienced and inexperienced crypto traders. This exchange also has two types of trading interfaces namely Classic and Advanced, designed for novice and experienced traders, respectively.
Binance also charges one of the lowest fees in the market. Therefore, if you are looking for one of the biggest cryptocurrency exchanges with a low and suitable fee structure then Binance can be a good option for you.
Coinbase Exchange
Coinbase is one of the largest Bitcoin exchanges in the market and is arguably the largest one in the United States. It was founded in 2012 and quickly became one of the most popular and trustworthy crypto exchanges for both new and experienced parties interested in crypto.
Similar to Kraken, the Coinbase exchange is also one of the safest cryptocurrency exchanges, thanks to the fact that it is regulated and licensed. It is a popular platform known all around the world, offering services to around 43 million verified users in over 100 countries.
There are more than 55 digital assets available on the exchange and also offer insurance on the assets. The fee charged by the platform is somewhat higher than other crypto exchanges, however, the users of the platform consider it to be worth it given the features offered by the platform.
The Coinbase exchange is not only one of the biggest cryptocurrency exchanges in the market but is an impressive platform that is suitable for novice and experienced parties, alike.
There are educational videos and online exams that help beginners in learning about crypto trading and more. This exchange also has a Coinbase Pro feature that has advanced trading tools, useful for the experienced traders.
Conclusion!
The biggest cryptocurrency exchanges offer various kinds of features and services that cater to the needs of both experts and beginners. If you are looking to find a suitable exchange you should know about the available options and see if the features match your criteria or not.
