The future of cryptocurrency is bright, and it’s not just the young who are excited about it. Millennials and Generation Z are adopting cryptocurrencies at a fast rate, but there are plenty of exchanges that attract all kinds of people, even older folks.
With an increasing number of cryptocurrency exchanges on the market, it can be hard to tell which ones are best. In this post, we’ll explore the features you should look for in a cryptocurrency exchange and pinpoint several of the best ones currently available.
Kucoin Exchange
Kucoin is a cryptocurrency exchange based in Hong Kong. It is relatively new, established in 2017 and considered a relative newcomer to the cryptocurrency exchange market. Kucoin aims to provide users with digital asset transactions and exchange services which are very safe and convenient.
Kucoin offers trading pairs such as Bitcoin, Ethereum, TELUSDT, BTC/BCH, ETH/BTC, NEO/ETH and many more. The company also has its own token known as KuCoin Shares (KCS) which is used to pay transaction fees for users who decide to use the platform’s native token KCS to pay fees instead of paying with the usual cryptocurrencies.
In the crypto world, there are plenty of crypto trading bot that aim to help you manage your portfolio one of which is a trading bot called Kucoin Shares. This bot claims to have the ability to mitigate risk and reduce volatility by limiting your exposure to the highest-risk coins.
KuCoin has a sleek interface and seems to be the easiest exchange to use. Their basic exchange features include:
- Trading pairs with other cryptocurrencies and tokens (KuCoin primarily uses BTC and ETH)
- A chat feature that allows you to interact with other traders
- A referral program that pays you up to 50% of trading fees (when you invite others to trade)
- Daily bonuses that reward you for holding KuCoin Shares (KCS) on the exchange, with its KCS price continuously on the rise.
Coinbase
Coinbase is a leading cryptocurrency exchange that offers a mobile app for iOS as well as an Android version too. It supports Cryptocurrencies such as Bitcoin, Bitcoin cash, Ethereum, and Litecoin. Coinbase has several features such as payment methods and tools, support for other crypto-currencies besides bitcoin (Ethereum, Litecoin) and security measures.
Coinbase has its own wallet that can be used to send funds from the Coinbase exchange to other wallets or accounts.
Coinbase also offers buy/sell orders for cryptocurrencies which can be fulfilled by any user on the platform. The trading fee at Coinbase is 1% on all transactions and this fee is charged both on buy as well as sell side transactions.
The Trading fee at GDAX is 0%, but there are additional fees for using fiat deposits or withdrawals via bank transfer. The GDAX exchange was launched in 2016 by the same team behind Coinbase.
If you need more information, check this Coinbase review.
FTX Exchange
The Financial Trading eXchange (FTX) is a cryptocurrency trading platform based on blockchain technology. FTX aims to become a crypto asset trading platform that is secure, transparent and reliable.
FTX will be an exchange that presents a wide range of trading instruments, including spot trading and futures contracts. This ecosystem will allow users to trade fiat currency with cryptocurrency and derivatives.
All transactions on the FTX platform will be governed by smart contracts, which makes it easy for users to trade without having to worry about their assets being handled by third parties.
FTX is commonly known as the “currency of friendship”. You can exchange FTX in person, like cash, or use a crypto wallet to make online purchases with it. Unlike other types of cryptocurrency that are created via computer mining, FTX is generated by trading it for another type of cryptocurrency (like Bitcoin).
Binance
Binance is a cryptocurrency exchange that allows users to trade digital assets. Binance was started in 2017 by Changpeng Zhao, who had previously been the CTO of OKCoin.com, another cryptocurrency exchange. Originally known as “Biwu’er”, meaning “asset exchange” in Chinese, the company was rebranded as Binance in July 2017.
Binance’s trading platform is available for crypto enthusiasts around the world and can be accessed via web or mobile app. The exchange supports over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). In addition to crypto-to-crypto transactions, the platform supports fiat transactions through bank transfers from select countries.
Swissborg
The SwissBorg Project is a blockchain-based wealth management platform that is set to revolutionize today’s investment market. Unlike most ICOs, SwissBorg already has a functioning product—a cryptocurrency exchange.
The exchange allows users to manage their crypto portfolios and provides access to the most popular cryptocurrencies, along with the opportunity for users to invest in the world’s best known cryptocurrency funds.
SwissBorg Exchange has been able to garner such widespread popularity due to the unique features it offers.
The exchange is a hybrid between a centralized and decentralized exchange, offering security and reliability of a centralized service while also providing the transparency and immutability of an open source decentralized solution. This allows users to maintain control over their assets while still benefiting from blockchain functionality.
Conclusion
Cryptocurrency and cryptocurrency exchanges seem to be everywhere you turn these days. Be that as it may, the world of cryptocurrency is complex, and it can be easy to feel overwhelmed by what it all means, let alone how to get involved and make money by trading. This guide will provide you with all the crucial introductory information you need.
At Solutiontales we make it easy to understand the throes of cryptocurrencies, but our words should not be taken as a financial advice. Remember, a wise investor can make money in a bull or bear market when given the right data.