This post is the list of our top 7 crypto exchanges.
Dear distinguished reader,
We create a post like this every year to help you make the best exchange choice and avoid falling victim to scams like FTX.
I am sure you must have been looking forward to this post.
You can start by listening to what Jude Umeano said about these top 7 exchanges, then read the main post.
Continue reading the rest of the article. Enjoy!
Post Summary
- Qualities That Make An Exchange Ideal
- Parameters For Choosing The Top 7 Crypto Exchanges
- A Review Of The Top 7 Crypto Exchanges
- Exchanges Available To The US
- Conclusion
Qualities That Make An Exchange Ideal
The majority of cryptocurrency traders look at the following qualities before choosing an exchange:
- Speed of transaction
- Excellent user interface
- Customer review and rating
- Transaction fee
- Trading options: futures, spots, margin, etc.
- Public perception
- Speedy KYC verification and good customer support service
- Number of listed coins
- Founder and staff
- P2P (for NGN deposits)
- Number of coins and order types
- Proof of reserves (POR) and security
We went through a total of 16 exchanges that all checked these boxes.
However, only a select few made it to the top 7. The list is unveiled below!
Parameters For Choosing The Top 7 Crypto Exchanges
In no particular order, the following are NBC’s top seven crypto exchanges:
Here is why we chose these exchanges as the top 7; take a peek at the table below.
In addition, these exchanges offer various markets, including spot, futures, and earn sections.
Plus, they serve countries that are not crypto-friendly through P2P.
Note: The information on this table regarding “volume” trading is current on CoinMarketCap as of February 3rd, 2023.
Continue to the next section to learn more about each of these exchanges.
A Review Of The Top 7 Crypto Exchanges
1. Bybit
Bybit, registered in Singapore, is a popular choice for advanced traders.
Its copy-trading feature is one of the best.
In addition, it has leverage that lets users mine liquidity, a feature not available on other exchanges.
Bybit has the second-largest futures market and offers many passive income-earning features.
In addition, it supports more networks than any other exchange.
For example, the ERC20, arbitrum, SPL, and different token versions for USDT are available on Bybit.
2. OKX
OKX is headquartered in Seychelles.
Among other features, OKX has a rich set of “order types,” including the trailing, market, and limit.
As a trader, OKX allows you to create a community, connect with your members, and send them signals through its exchange.
Interestingly, OKX offers a demo account and real money to the top demo traders.
Furthermore, OKX offers one of the best Web3 wallets out there.
3. Binance
Binance needs no introduction. It is the world’s largest exchange.
Compared to other exchanges in terms of the number of users and trading volume, Binance takes the lead.
Also, it offers a plethora of fantastic products, for example. It has a “Binance card”, which you can use to shop around the world.
On the other side, Binance does not offer copy trading, which is one of the high-value products offered on many other large exchanges.
4. Bitget
Bitget is one of the world’s largest crypto-derivatives exchanges registered in Singapore.
It offers a robust trading platform, innovative products, low fees, and top-notch security.
Bitget is popular for pioneering copy trading.
Furthermore, many benefits come with holding the Bitget token, BGB, such as access to the launch pool and launchpad.
5. Kucoin
Kucoin is a globally leading cryptocurrency exchange based in Singapore.
The exchange offers a range of trading bots, including spot, and futures trading bots. Interestingly, Over 4 million trading bots have been created using kucoin’s bot.
Again, Kucoin offers perks to users for holding its native token, KCS.
Not only that, but miners can connect to its mining pool to mine tokens.
6. Gate.io
Gate.io is headquartered in George Town, United Kingdom.
The exchange is popular for supporting a large number of coins; over 1000 trading pairs are available.
This makes it the place to be if you want to trade new coins that are trending on the market.
Among others, the exchange also offers cloud mining, copy trading, and a variety of attractive passive income products.
7. Huobi
Huobi is an early cryptocurrency trading platform that was founded in 2013 and is headquartered in Seychelles.
The exchange offers a sizeable selection of coins and tonnes of markets.
Users can earn from the airdrop campaign, get rewards for logging into their accounts, and earn for holding the Huobi token.
Huobi keeps an excellent record of users’ account activities and is known for its robust security.
There you have the list of our top 7 cryptocurrency exchanges for 2023!
Note, however, that US traders cannot access these exchanges due to compliance requirements.
Continue to the next section to learn more.
Exchanges Available To The US
If you are in the US, here is the list of exchanges that didn’t make the list: that you can trade with:
Conclusion
We have provided a review of the top 7 crypto exchanges in 2023 that offer a variety of features and benefits for traders.
Interestingly, whether you’re a beginner or a seasoned trader, there is an exchange on this list that can cater to your needs.
Tell me in the comment box below:
Did you sign up with any of these top exchanges?
Are you a beginner and would you love to learn how to trade cryptocurrencies on any of the listed exchanges? I will be happy to help you.
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