Today we are going to discuss the best and safest cryptocurrency exchanges.
Moreover all over the world. There are 294 Crypto exchanges.
But the question arises in our mind that how we can choose the best and safest crypto exchange. A good exchange can be defined by volume, security, Weekly visits & Facilities given by that exchange. By facilities, I meant leverage, margin, staking, and all.
According to my point of view, these 5 crypto exchanges are the best and safest as I personally used them. I am ranking them on the basis of my experience.
- Binance
- FTX
- coinbase exchange
- Kraken
- Kucoin
Main features of Binance
Binance Futures offers a huge selection of cryptos with new coins being listed constantly to provide traders with the best trading experience.
Users can take advantage of low trading fees, a generously wide range of leverage, and high liquidity to perform their trades.
Multiple security features, including a $300 million Insurance Fund, are in place to ensure that users are protected.
ProsOver 600 cryptocurrencies for trade
One of the cheapest platforms to use
Massive selection of transaction types
ConsU.S. customers can’t use the Binance platform, and the Binance.US exchange is very limited
It can be overwhelming, even for experienced users
No built-in digital wallet
In regulatory trouble in several countries and under investigation in the U.S.
Pros of FTX : Cons of FTX:
The KYC process for this platform is easy and helps in increasing the trading limits. | Leveraged tokens on FTX are risky investments. |
The platform specializes in crypto derivatives trading. | FTX is a relatively new platform in the crypto space. |
FTX also guarantees liquidity for all its users. | |
FTX charges low fees on all its tradable products and services. | |
The platform also allows cryptocurrency purchases via credit cards through the Simplex gateway. |
Pros
- Extensive cryptocurrency selection
- Simple and advanced trading
- Earn free crypto
- Educational content
- Top-rated mobile app
- Crypto rewards
- Offers Coinbase debit card
Cons
- Complex fee structure
- High fees on certain transactions
- Limited staking and interest opportunities
More than 120 coins supported
Simple user interface
High liquidity exchange
Higher fees when not using Kraken Pro
Some users report losses due to hacks
Key Takeaways:
- Kraken features secure platforms to buy, sell, and hold cryptocurrency.
- Kraken supports cryptocurrency spot trading and cryptocurrency futures.
- This exchange features both beginner-friendly and active trading platforms.
- Margin trading is available for those with a high tolerance for risk.
Pros
- Anonymous trading
- Secure
- Supports a variety of cryptocurrencies
Cons
- Low trading volume