If you do decide to use exchanges, we have made a selection – the most quoted website in the world for tracking the price of crypto. The same data was used to compile our ranking of exchanges, in particular in Forbes.
- Binance
It is the absolute leader both in its rating (9.9 out of 10) and in transaction volume ($16.6 billion a day). At the moment of writing, 392 coins were traded on the exchange, though the website says that Binance supports more than 600 cryptocurrencies. The crypto exchange also works with 46 fiat currencies.
Trading fees
Starts at 0.1% – decreases when trading volume is high. You can also make this number lower if you pay commissions in BNB – the site’s internal cryptocurrency.
- FTX
A young – founded only in 2019 – and rapidly gaining popularity crypto exchange. Its rating is 8.4. The exchange trades $2.8 billion worth of cryptocurrencies daily. There are 325 coins and 10 fiat currencies available to users on FTX.
Trading commissions
Those who place orders for crypto on this platform – they are called makers – will pay a commission of 0.02% (and lower, as trading volume increases). The commission for those who respond to offers to buy or sell cryptocurrency, takers – from 0.07%.
Commission for withdrawal
You will have to pay 25 dollars or 32 euros for withdrawing money to your account. But if you withdraw more than $5000, there will be no commission.
3. Coinbase
One of the first crypto platforms, Coinbase exchange was founded back in 2012. It is still in the top with a rating of 8.2. But gradually the site is losing popularity. Daily trading volume there is already less than on the new exchange FTX – $2.2 billion. Coinbase also loses by the number of traded coins – there are only 175.
Fiat currencies are only three – euros, dollars and pounds sterling.
Trading fees
Huge commissions compared with competitors. Both makers and takers can pay from 1.99% for a transaction – provided that the transaction amount is more than $200. When trading lower amounts, the commission will be fixed and can go up to 15%.
- Kraken .
This exchange, as well as Coinbase, has been in the market since 2011. It continues to hold the top positions with rating 7.8 from CoinMarketCap. However, in comparison with other leaders, the turnover on this site looks quite modest – $800 million a day. There are 170 coins and seven fiat currencies traded on the exchange.
Among the advantages of the site American Forbes also notes its reliability: Kraken consistently receives high marks in cybersecurity ratings.
- KuCoin .
This exchange will be interesting for those who hunt for rare cryptocurrencies: 700 different coins are traded here! The site also supports 48 fiat currencies. The exchange with a rating of 7.5 has a daily turnover comparable to FTX and Coinbase – $2 billion.
Trading fees
In addition to the variety of coins, KuCoin also attracts low commissions: 0.1% for both makers and takers. And this amount can be reduced by another 20% by paying the commission with internal cryptocurrency site – KCS.