There are several major cryptocurrency exchanges on the market. However, the upstarts are still in the majority, with Coinbase being one of the most notable. Though they all use similar technology, these exchanges vary in quality and security. Besides the level of competition, geography and regulation also play a part. Let’s compare the top cryptocurrency exchanges to find the best one for you. We also take into account the number of coins available for trade on each platform.

Binance

When you’re looking for a cryptocurrency exchange, make sure to check out Binance. It is the largest in the world, with the highest daily trading volume, and offers many ways to purchase crypto assets. It was founded in 2017 by Changpeng Zhao and is based in the Cayman Islands. The company’s founders originally began the exchange in China, but they have since moved out of the country due to increased regulation there.

Since the beginning, Binance has been growing rapidly and has since received regulatory action in various jurisdictions. The Cayman Islands, Japan, Malta, Netherlands, and Malaysia took action against the company in 2021, ordering it to cease all U.K. regulated operations. In other words, they’ve had a rough few years. However, it’s still a popular choice for cryptocurrency investors. While the company has experienced some setbacks over the years, it remains a popular place to trade crypto, according to CoinMarketCap.

Coinbase

Despite its relative youth, Coinbase has led the cryptocurrency revolution since its launch in 2012. It is the largest crypto exchange by volume and is known for offering both an exchange and a storage service for Bitcoin. In addition to these services, Coinbase also offers other types of fiat currency and cryptocurrency exchanges. In addition, it has integrated payment processing into other services, including merchant partnerships with Time Inc., Dell, and Expedia.

The Coinbase fee structure is somewhat costly, but the company emphasizes the ease of use and security measures to keep costs down. Coinbase charges a spread fee for each transaction. The fee is around 0.5% of the cryptocurrency price. However, if you are transferring a larger amount of money, the fee can be even higher. As such, it is advisable to keep the fees in mind before transferring your funds to Coinbase.

Huobi

There are many reasons why the Huobi crypto exchange is so popular. The Huobi website is elegant and aesthetically pleasing, and it provides proper price feeds and charting tools. The website also features market depth data. Huobi has a great interface for its HADAX crypto market, which supports smaller tokens and altcoins. Its five-fold leverage allows users to trade with up to 5000% leverage. It charges only 0.1% per 24 hours for trading. It also features an order book and chart index, which helps traders monitor the market volume. It also incorporates Flash Trade technology, which allows users to see a live price chart.

To open a Huobi account, users must first enter an email address. Once they have verified their email address, users can explore the platform’s features. They can also contact Huobi through Telegram for additional support. In addition to strong customer service, Huobi also has great security measures in place. All of their transactions are secured by two-factor authentication, which generally takes less than five minutes. Huobi also rewards users for depositing funds.

Bitfinex

The Bitfinex exchange is one of the largest in the world by volume and trading volume. It uses several layers of security to keep its client funds safe. Almost 95% of the funds are held in cold storage. The exchange’s data is stored on an encrypted server which is constantly being monitored by an expert team. Bitfinex is not regulated and is registered in the British Virgin Islands. To be able to trade on the exchange, you must have a valid email address and password.

This cryptocurrency exchange is a popular choice for many internet traders. Currently, the 24 hour volume on Bitfinex stands at $10.9 billion, making it one of the biggest in the world. Many traders are attracted to this exchange because of its reliability and low fees. The exchange accepts users from all over the world. The downside is that it is tied to Tether, which is subject to frequent FUD.