How to choose a cryptocurrency exchange
The cryptocurrency market is developing dynamically, and it is becoming increasingly difficult for an uninitiated person to choose the right marketplace. There are several basic criteria that should be considered first:
- The operating time of the exchange. You should not trust any fly-by-night companies;
- Liquidity and trading volume. It is easier and faster to sell or buy coins on exchanges with a large number of users;
- Availability of information about the exchange itself and its history indicates the reliability of the firm;
- The amount of commissions and fees. It is better when it is less than that of competitors;
- Set of trading tools should meet your requirements;
- Testimonials from real customers posted in third-party sources.
Top 5 cryptocurrency exchanges
The ranking includes the most reliable and time-tested platforms that meet all the conditions described above.
1. Binance
A large exchange with over 600 trading pairs, a blockchain project incubator, and a daily turnover of over €1bn. It offers live cryptocurrency news, a multi-lingual interface, mobile apps, P2P, spot, and futures trading support. The flexible commission scheme is tailored to the turnover and financial capacity of the individual user. Additionally, the platform ensures top-tier security through multi-factor authentication and cold storage for the majority of its digital assets. With its seamless integration of services like staking and yield farming, users can maximize their returns. Partnering with popular platforms like PuntoScommesse, it provides exclusive bonuses and promotions for traders, enhancing the overall trading experience. The platform’s customer support is available 24/7, ensuring that users from all time zones receive prompt assistance.
The commission rate:
- for trading – 0.1%;
- for spot trading – 25%;
- for USDS-M futures trading – 10%.
2. EXMO
The leading Eastern European exchange marketplace, with 26,000 active traders, 186 currency pairs and a daily turnover of 1,524 BTC.
The amount of commission:
- for trades made by referrals – 25%;
- for paired trades with EXM – 40%;
- from deal – not more than 0.1% (maximum decrease in case of EXMO Premium package purchase);
- Cashback – up to 116% of the commission of EXMO.
3. OKX
The Malta-registered exchange is well-known for its welcoming approach to new clients. This is exemplified by its generous cash incentives and the opportunity for users to explore the platform risk-free through demo accounts. New traders can hone their skills and strategies without the fear of financial loss, making OKX an excellent choice for beginners. Additionally, its user-friendly interface and variety of trading tools allow both novice and experienced traders to navigate the market with ease. Much like Magic Planet online casino, OKX creates an environment that fosters learning and growth, ensuring a positive experience for all its users. With these benefits, it’s no wonder that OKX continues to attract a growing base of loyal traders worldwide.
The commission rate:
- when trading swaps – for market makers 0.8%, for drawdown traders 0.1%;
- for options trading, open-ended swaps and futures – from 0.05%.
4. Huobi Global
One of the largest exchanges in terms of trading volume (4 bln euros/day) with futures and spot trading support, free bot, and fast coin to fiat exchange. The platform has 600 trading pairs and a flexible commission structure:
- for regular users – no more than 0.2%;
- for professionals – 0.0462%.
5. Kraken
The cryptocurrency exchange that has been operating the longest on our list – since 2011. The oldest platform offers more than 400 trading pairs with a daily trading volume of up to 800 million euros. For Spillehallen online casino players, Kraken is a great choice for fast, safe and secure cryptocurrency transactions. Its robust security measures and user-friendly interface make it the preferred option for managing digital assets. In addition, the exchange supports multiple fiat currencies, allowing for seamless deposits and withdrawals, which is especially useful for those looking to fund their Spillehallen account or withdraw winnings efficiently.
Commission rate:
The maximum value is 0.26% (reduced by monthly turnover). In the case of steiblockchain purchases, the fee rises by 0.9% for euros, and by 1.5% for FX or other cryptocurrency pairs.
