A cryptocurrency exchange is a platform to buy, sell and convert digital assets and facilitate crypto purchases. The way crypto exchanges work depends on their platform type; some are centralised, and others are decentralised. If you are just a beginner, reading about exchanges from here would help you better grasp the top 10 crypto exchanges to come.
Number one on our list of top 10 crypto exchanges is Coinbase. If you are new to cryptocurrency, your first step in an exchange to convert different cryptocurrencies like Bitcoin, Ethereum, DOGE, etc., may be a struggle. However, an easy-to-use crypto exchange that lowers entry barriers for investing in crypto exchange is a relief. Coinbase is such a user-friendly platform for investors, especially beginners.
Coinbase, one of the best platforms for beginners, was founded in 2012. It supports many cryptocurrencies with a high level of security to streamline trading digital currency. By providing comprehensive and accessible learning materials and a series of video classes and exams to educate users about cryptocurrency trading, Coinbase proves to be one of the educational resources to learn about trading specific cryptocurrencies and reward users with free crypto.
Although Coinbase is number one in our list of top 10 crypto exchanges for both novice and advanced crypto investors and offers access to nearly 100 cryptocurrencies, trading with Coinbase costs higher fees than other exchanges. The payment fee for regular transactions is 1.5% and can go up to 4% when using your credit cards.
Number two in the list of top 10 crypto exchanges is Binance. If you’re familiar with crypto, you’ve already heard of Binance, the world’s largest cryptocurrency exchange by trading volume. The term Binance is a combination of Bitcoin and Finance. However, it's not just for Bitcoin.
Binance’s fees are remarkably lower than other cryptocurrency exchanges. In addition, Binance owns its token known as BNB, and if you use the company’s native cryptocurrency to buy and sell other coins, you get a 25% trading fee discount. Learn about Binance’s coin, BNB.
In addition to its tools and features, Binance offers a comprehensive learning platform consisting of easy-to-understand content for cryptocurrency users and enthusiasts worldwide, and any trader can join it.
Binance doesn't offer a wide range of crypto assets, and it only supports 60 cryptocurrencies, while several competitors provide a larger selection. It is not available for every user, and it's banned in multiple countries like US and Iran. Another weakness of Binance is that the platform is complex and may confuse beginners.
The third exchange on Cryptologi.st list of top 10 crypto exchanges is Crypto.com. Everybody prefers to trade safely and far away from any fraud, and security is one of our essential priorities when it comes to trading digital assets. Regarding safety, Crypto.com has ranked first in the cybersecurity ranking. It was founded in 2016, and now with 10 million users across 90 countries, Crypto.com is one of the most popular trading exchanges.
Crypto.com is built on multiple layers of protection against crypto fraud and cyberattacks and offers the largest selection of currencies, over 250 coins.
The platform doesn't support crypto-to-crypto trading options, and if you are based in the US, you can use its services completely. Financially speaking, Crypto.com’s fees depend on the trading volume. However, they're not as low as the fees charged by Binance, with rates ranging from 0.04% to 0.40% for maker fees and 0.10% to 0.40% for taker fees. But if you purchase with credit and debit, you should pay higher fees.
The platform holding the 4th rank on the list of top 10 crypto exchanges is Gemini. Gemini is a platform specialised in providing easy and safe trading? It is a regulated cryptocurrency exchange launched in 2014 and has a simple interface for new crypto investors with a strong emphasis on security. It supports around 63 cryptocurrencies and charges a $1.99 maker fee and $1.99 taker fee, 1.49% fee for trades trading over $200, and 3.49% for debit or credit card purchases.
Gemini is available in all 50 U.S. states and will be much admired by all users who prefer to trade on a highly secure platform. With Gemini, you can earn up to 8.05% APY on your cryptocurrency balance with Gemini Earn.
If we want to compare Gemini with competitors like Coinbase or Kraken, Gemini provides lower trading volume. Another point that may be considered a red flag is that trading with Gemini comes with high fees, especially if you’re trading a small amount of crypto.
Number five in the list of top 10 crypto exchanges is Uniswap. All the exchanges that we have mentioned so far are centralised. It means they are owned by private companies and offer investors a platform to trade cryptocurrencies. But when it comes to the decentralised exchanges, Uniswap is the largest decentralised exchange (or DEX) operating on the Ethereum blockchain, which is known for a trading boom in DeFi. It is an "automated market maker" (AMM), and there is no need for you to register an account and do KYC. Delve deep into decentralised exchanges.
Uniswap cuts the middlemen and allows users to directly swap their ERC-20 tokens without signing up for an account, completing any identity verification, and earning interest by staking their crypto. It is designed in such a friendly way that it doesn't take long to learn how it works, and it's easy to connect a crypto wallet.
The top 10 crypto exchanges list regards Pancakeswap as its number seven. Like Uniswap, PancakeSwap is an automated market maker (AMM) on Binance Smart Chain, allowing users to transfer their digital assets without involving a third party. It was launched in 2020 and turned into one of the most popular cryptocurrency DEXs. PancakeSwap owns its native token, CAKE, a BEP20 token built on BSC.
PancakeSwap supports a wide range of BEP-20 tokens, and by staking your BEP-20 tokens, you will be rewarded CAKE. In addition, it does have a higher yield range than other exchanges. Read all about PancakeSwap.
If you want to stake your tokens with PankcakeSwap, you may experience a complicated staking process in that it's not user-friendly. If you want to know if it's a good exchange, you can find your answer here.
Rank eight on the list of top 10 crypto exchanges belongs to SushiSwap. SushiSwap is an Ethereum-based decentralised exchange that lets you swap a vast array of tokens and offers other financial services. Similar to PancakeSwap, SushiSwap comes with its native token, SUSHI, and users who stake their tokens have a chance to earn more SUSHI.
Our number nine in the list of top 10 crypto exchanges is Orca. Instead of the Ethereum blockchain, you can transfer your cryptocurrencies fast and easily on the Solana blockchain. Orca is a Solana-based decentralised exchange with minimal transaction fees and lower latency than any DEX on Ethereum. It processes 50,000 transactions per second, 400ms block times, and $0.01 average transaction fees and ranks #4th based on the trading volume on Coingecko. ORCA is known as the native token and governance token of the Orca platform, allowing users to participate in developing the protocol. See how you can use Orca and why!
Last but not least, rank ten of the top 10 crypto exchanges is held by Biswap. Biswap is another decentralised exchange on Binance Smart Chain. Users can swap any token that follows the BEP-20 token standard on the DEX. It has the lowest platform transaction fees of just 0.1%, consists of 36 tokens and is the #5th DEX on Coingecko based on the trading volume. It also owns its unique token, BSW, that provides passive incomes for uses and is also used for various use-cases within the DEX. To discover other utilities and features around Biswap, visit here.
If, like us, you crave top projects in all crypto areas, here’s a list you’ll enjoy.
Cryptocurrency exchanges are an integral part of the crypto world and are widely available. Were it not for the top 10 crypto exchanges, nobody would be able to swap their tokens easily and safely! Now, by reading this article, you know that different exchanges come with different features, and depending on your priority, you can decide which exchange should be on your list. Providing educational articles and full analyses on the top 1500 coins, cryptologi.st could be one of your best sources to help you stay on top of your game in the world of digital assets. Check us out!
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