Those working in the crypto landscape know how important it is to have accounts on a couple of credible and user-friendly exchanges. Experienced investors and traders usually have several accounts on different services to conduct different operations with cryptocurrencies. These are both centralized and decentralized exchanges. The most used crypto exchanges belong to a centralized type. Every trader knows Binance, Coinbase, WhiteBIT crypto exchange, and several other popular crypto exchanges in the market. All of them are centralized services that offer loads of useful features and earning opportunities to their clients.
Centralized exchanges offer a comprehensive list of tools for users:
- swap, buy, sell cryptocurrency;
- buy crypto with fiat;
- some even allow using bank cards;
- fee policy;
- solid protection from hackers;
- trading bots;
- spot, margin trading;
- using leverage;
- and many other features.
A user must pass KYC (know-your-client) to access a full set of instruments on a centralized crypto exchange. This process requires a user’s documents and photos for checking. If there are no illegal activities found in the user’s past operations with assets, all the earning opportunities and full-fledged work of exchange are opened for the user.
Let’s name the most popular crypto exchanges.
Binance occupies a special place in the list of popular crypto exchanges. The exchange offers low fees and a wide range of crypto pairs. The platform is easy to use, has large liquidity, and record-breaking trading volumes a day. The customer service is at a high level.
This is another popular crypto exchange in the world. This service is a good place to start crypto investments. Its interface is user-friendly and easy to navigate. Beginners will find it easy to buy cryptocurrency on Coinbase. The exchange’s fees are rather higher than the average fees in the market, though the platform is highly credible and has a solid reputation. Coinbase keeps most users’ assets offline. It offers an educational section for novice traders.
Young yet trustworthy and credible platform WhiteBIT gathered clients worldwide – over 150 countries and over 2 million users. The exchange offers average fees (0.1%), over 400 trading pairs, and pairs with fiat. The service allows buying crypto assets with fiat and bank cards. Novice traders can take advantage of demo accounts to have more practice. The exchange stores 96% of users’ investments on cold wallets.