Best exchanges to trade cryptos

If you are looking to know more about crypto futures trading, then you have come to the right place. Let us start by telling you that a futures contract is basically just a way to hedge positions and to lower the issues of the unknown. As well as that, it can also be used for arbitrating within current spot and future deals. In the world of bitcoins, futures are much linked with miners who head up the issues of unknown future prices.

According to info from coinmarketcap.com, you will find more than 4,900 cryptocurrencies in life now. They operate in over 20,000 markets, with over 300 registered cryptocurrency exchanges.

With all these platforms available where you can buy and sell electronic coins, so it’s easy to become stuck when choosing the very best market to start your cryptocurrency journey.

In this piece, I tried to compile a list of the top 50 trades in 2020 based on real trading volumes, availability in various geographical locations, liquidity, market quality, and team/management supporting the platform.

Mixing transparency, international accessibility, complete protection, and also a reasonable trading area would create the perfect exchange. And although we have not seen it yet, EMX could be the nearest thing we’ve up to now. Their aim in bringing the worldwide market to everybody’s doorstep would be a lofty one, but if they’re ready to pull off it we might actually begin seeing the massive effect that blockchain technology could have on daily life. We have slid between the extremes; original the standard markets which were heavily controlled then the markets dependent on the blockchain which intends to shrug off government management. Centralized and decentralized methods strove to fix our issues, but in fact a mixture of both can cause greater advancement, allowing for simple blockchain auditing to repel authorities while also supplying honest trade whatsoever.

Without much ado, let us begin.

  1. Binance

Launched in July 2017, Binance is a crypto exchange established in Malta. The platform has directed the remainder because of an superb team supporting the exchange, robust security, and service for many cryptocurrencies, stable coins, and tokens. The market is one of the few that not inflate its trading volume and is very open when it comes to its own operations. The platform is busy in 592 markets with a trading volume of $821 million within the past 24 hours.

On September 2019, the market launched futures trading. Binance features a financing program called”Binance Lending Products,” which lets users lock specific assets for a particular period, and they can receive interest on the locked assets.

  1. Coinbase

Coinbase is one of the oldest crypto exchanges, using launched operations in May 2014. But over time, the stage has built a solid reputation over the crypto market, which has been aided by a strong group, superb security, and excellent services. The exchange is active in 54 markets using a trading volume of $141 million over the previous 24 hours.

Coinbase operates under two different brands; Coinbase and GDAX. Coinbase targets retail consumers that want to purchase BTC with fiat currencies, whereas GDAX is its more advanced trading platform.

3. Coinsbit

Coinsbit is one of the world’s largest crypto exchanges. Launched in August 2018 they attained, through their multipurpose referral program, second place concerning number of visits and third position in terms of registrations (1.3 million). The exchange’s throughput is 10k transactions per second, users are supported in 12 languages 24/7.

4. Bittrex

Launched in February 2014, Bittrex is a crypto exchange based in the USA. The exchange supports cryptocurrencies, stable coins, tokens, and fiat. It’s active in 319 markets with a trading volume of $9 million in the past 24 hours.

5. Bithumb Global

Launched in May 2019, Bithumb Global is the international platform of Bithumb Korea. Since launch, the platform has on-boarded more than a million users, according to Javier Sim, co-founder and managing director at Bithumb Global. Overall, it’s active in 124 markets with a trading volume of over $55 million over the past 24 hours.

6. The platform supports both cryptocurrencies and fiat. The platform is licensed by Japanese FSA, which is quite reassuring for users. It’s active in 127 markets with a trading volume of $153 million over the past 24 hours.

7. Kraken

As old as cryptocurrencies themselves, Kraken was established in July 2011. Based in the USA, the platform has built a solid reputation over the years. Currently, it supports cryptocurrencies, derivatives, stable coins, tokens, and fiat. All in all, it’s active in over 121 markets with a trading volume of over $200 million over the past 24 hours.

8. Biki

Launched in June 2018, Biki is a crypto exchange that is based in Singapore. The exchange is known for being committed to their projects’ growth, together with targeted branding vulnerability for listed jobs to permeate into BiKi’s global markets. On top of prioritizing their consumer’s’ interests, BiKi.com has pledged to utilize 100% of its own platform charges to repurchase and burn off the token until it decreases to a supply of 100 million out of its initial token issuance of 1 billion. BiKi repurchases tokens on a daily basis and burns them quarterly. They recently launched new products like launching Vietnamese Dong (VND) on BiKi Fiat, a financing product known as FastLoan, Beta Test for Leverage Trading using 3x interest-free leverage trading.

9. Bitvo

Launched in 2018, Bitvo is a crypto exchange established in Canada. The platform enables users to purchase and sell cryptocurrencies at no cost, with Zero transaction charges, and completely free deposits. The platform is operated by banking and security specialists. Funds on the system are saved via cold storage to ensure security.

10. Delta Exchange

Delta Exchange is a cryptocurrency derivatives exchange that offers futures bitcoin and 19 leading altcoins. The market offers up to 100x leverage and is famous for its focus on altcoin futures. Many of these altcoin futures, such as Waves, Enjin, Ravencoin are exclusive to Delta. The market is organised in St. Vincent & the Grenadines and has offices in Singapore and India. The team supporting Delta is comprised of seasoned Wall Street professionals in companies like Citi and UBS and serial entrepreneurs.

Conclusion

Crypto exchanges are notorious for faking trading volume to attract more users and also charge higher listing fees, so for this list; I utilized data from various sources such as exchange websites, cryptocompare.com, coinmarketcap.com, coinranking.comand news outlets such as CoinDesk, Cointelegraph and social networking platforms like Reddit and Twitter to make sure I had precise details on these platforms.