Want to trade cryptocurrencies? Here is the list of the 10 best cryptocurrency exchanges in 2023.
Bitcoin and other cryptocurrencies have taken the world by storm. Since the launch of the first cryptocurrency, Bitcoin, in 2008 by the mysterious Satoshi Nakamoto, thousands of new cryptocurrencies have emerged. As of November 2022, there were a staggering 21,844 cryptocurrencies floating in the market.
With the crypto market's exponential growth, the trading volume on some of the most popular exchanges has skyrocketed. Binance, one of the largest cryptocurrency exchanges, recorded a spot trading volume of a mind-boggling 5.39 trillion USD in 2022. Of this, Bitcoin alone accounted for a whopping 3.36 trillion USD.
Now is the perfect time to take advantage of this crypto boom and get involved in the action. To help you navigate the vast world of cryptocurrency exchanges, we've put together a list of the top 10 exchanges in the world.
List of Top 10 Cryptocurrency Exchanges in 2023
1. Binance
- 24h Trading Volume : $8,122,678,781
- Cryptocurrencies Listed : 353
- Spot Trading Fees: 0.1%
Binance, founded in 2017 and now boasts the highest daily trading volume of any platform in existence. With support for over 360 cryptocurrencies and virtual tokens, Binance offers a range of cutting-edge order placement options to suit every investor's needs, such as Limit TP/SL order, Limit Order, Post Only order, Market Order, Stop-Limit Order and trailing Stop order.
This platform is committed to innovation and adaptability, having moved its headquarters out of China to better serve its users in the face of shifting regulations. And with 300 billion spot transactions already registered, it's clear that Binance is a trailblazer in the cryptocurrency industry.
Sign up here : https://www.binance.com/en/register?ref=IYALM99E
2. Coinbase
- 24h Trading Volume : $1,118,844,383
- Cryptocurrencies Listed : 242
- Spot Trading Fees: 0.4%
It was the first major cryptocurrency business to get listed in the US stock market. They have a wide spectrum of verified users totaling 110 million, with a quarterly trading volume of around 145 billion USD. With over 4,500 employees, they're constantly striving to provide the best service possible. And with assets worth a whopping 80 billion USD on their platform.
If you're looking for a trusted and reliable cryptocurrency platform, look no further. Join the millions of users already on board and experience the magic for yourself.
Sign up here : https://www.coinbase.com/join/komura_c
3. OKX
- 24h Trading Volume : $1,163,498,756
- Cryptocurrencies Listed : 365
- Spot Trading Fees: 0.08%
OKX is one of the most popular cryptocurrency exchanges. OKX was established in 2017 and is one of the trusted cryptocurrency exchanges. Bitcoin and Ethereum are the most traded cryptocurrencies on OKX
OKX offers various cryptocurrency trading services like spot trading, and derivative trading which includes margin, futures, perpetual swaps, and options. OKX also offers other products like stake and earn, trading bots, crypto loans, and DEFI.
Sign up here : https://www.okex.com/join/8889129
4. Kraken
- 24h Trading Volume : $802,732,791
- Cryptocurrencies Listed : 216
- Spot Trading Fees: 0.16%
It is named after the gigantic sea monster “Kraken” which was known to appear on the coast of Norway. And just like its namesake, Kraken has a massive trading volume of 333 million USD per day, securing the position of 3rd largest cryptocurrency exchange in the world.
Founded in 2011, Kraken launched its trading services in 2013 and has since been a pioneer in the world of cryptocurrency. It supports trades of over 200 cryptocurrencies including all the top cryptocurrencies. And also supports over 600 cryptocurrency pairs.
It is one of the few cryptocurrency exchanges which supports the idea of Dark pooling and marginal trading facilities.
Sign up here : https://www.kraken.com/sign-up
5. Kucoin
- 24h Trading Volume : $572,788,429
- Cryptocurrencies Listed : 745
- Spot Trading Fees: 0.1%
Kucoin is the go-to platform for advanced traders looking for a feature-rich, low-cost solution to trade cryptocurrencies. With over 500 tradeable cryptocurrencies to choose from, Kucoin provides a wide pool of options to cater to the diverse needs of traders across 207 countries.
Kucoin has an impressive user base of 8 million users worldwide, a testament to the quality of its services. It also provides services in spot trading, pool x, lending, contract, and margin trade.
Kucoin lets its user with 5 different account opening options Main account, Pool x account, Futures account, Margin account, and Trading account.
Sign up here : https://www.kucoin.com/ucenter/signup?rcode=rJGQ4NP
6. ByBit
- 24h Trading Volume : $522,736,420
- Cryptocurrencies Listed : 290
- Spot Trading Fees: 0.1%
According to CoinMarketCap.com, Bybit has a daily trading volume of around 12.9 billion USD across 191 countries, making it one of the largest cryptocurrency exchange platforms.
What sets Bybit apart from its competitors is its specialization in derivative trading services while still offering a range of other services such as spot trading and stalking. This variety of offerings, coupled with its advanced security features, makes it a reliable platform for crypto enthusiasts worldwide.
Bybit prioritizes its users' safety by providing SSL encryption and two-factor authentication for each account, ensuring that users' assets are secure.
Moreover, the platform's customizable user interface enables traders to personalize their trading experience, giving them a competitive edge.
Sign up here : https://www.bybit.com/invite?ref=LOJQMJ
7. Huobi
- 24h Trading Volume : $445,407,590
- Cryptocurrencies Listed : 611
- Spot Trading Fees: 0.2%
As one of the most liquid trading platforms in the world, Huobi Global boasts a vast array of over 400 tradable cryptocurrencies and is consistently adding new assets to its pool.
Apart from its impressive selection of cryptocurrencies, Huobi Global also provides a variety of services such as derivatives trading, spot trading, staking, crypto yield products, crypto loans, and more.
These services are designed to meet the diverse needs of crypto traders, whether they are new to the industry or seasoned professionals.
Sign up here : https://www.huobi.ge/en-us/topic/invited/?invite_code=smtk8&t=1623514825000
8. Crypto.com
- 24h Trading Volume : $440,895,957
- Cryptocurrencies Listed : 262
- Spot Trading Fees: 0.075%
It ranks among the top cryptocurrency exchanges in the world and offers a wide range of web3-related products. Crypto.com is a Hong Kong-based company incorporated in 2016. It caters to 70 million users and provides its services in 90+ countries.
Crypto.com provides various services, including trading, swapping, and stalking. With over 250 supported cryptocurrencies, you can easily access futures, spot trading, and advanced order types, giving you complete control over your investments.
With its cutting-edge technology, user-friendly interface, and excellent customer support, Crypto.com is undoubtedly a top choice for millions of users worldwide.
9. Phemex
- 24h Trading Volume : $121,526,028
- Cryptocurrencies Listed : 225
- Spot Trading Fees: 0.01%
It was launched in 2019, by the former executives of Morgan Stanley. Phemex is a derivative trading platform based in Singapore. This platform is a marvel of modern technology, boasting the ability to handle an impressive 300,000 transactions per second, with a response time of less than a millisecond. It's no surprise that Phemex has already amassed 5 million active users from over 200 countries. With over 137 contract trading pairs, 238+ spot trading pairs, and 250+ assets to choose from, traders have endless possibilities at their fingertips.
Phemex also offers leverage of up to 100x and perpetual contracts, giving traders the flexibility they need to take advantage of opportunities in the market.
On top of that, Phemex has a daily trading volume of 138 million USD and provides its users with an educational portal and financial advisory service.
10. Gemini
- 24h Trading Volume : $28,673,935
- Cryptocurrencies Listed : 99
- Spot Trading Fees: 0.2%
Gemini is an exceptional choice for those looking to embark on a journey into the world of cryptocurrency trading. The platform's user-friendly interface coupled with its robust security and compliance measures makes it an excellent option for beginners.
It provides its users with multiple services, such as a built-in hot wallet, the ability to pay their favorite retailer in crypto, and cryptocurrency reward credit cards.
While the platform may only offer 100 cryptocurrencies, its unwavering commitment to security has garnered it a well-deserved reputation as a trusted and secure platform in the crypto space.
Conclusion
So those are the top 10 cryptocurrency exchanges, sorted by 24h trading volume. If you want to choose an exchange with high liquidity, where your order gets executed in seconds, choose the cryptocurrency exchange with high trading volume. If you want to get exposed to the maximum number of cryptocurrencies, choose the exchange with the highest number of cryptocurrencies listed. You can also choose an exchange with lower fees if you are a high-volume trader.
Do not forget to sign up using our links, it doesn't cost you anything and it could help us get some bonus.
Post a Comment