Here are the Top 5 crypto exchanges (I think). There are other exchanges which may or not be better than these exchanges but for various reasons, I am not really interested in them.
Let’s get to the list:
Binance is pretty much the leading exchange in the last couple of years. The user interface is easy to understand and the layout looks pretty nice.
It is one of the first exchanges which allowed its users to deposit money via credit cards. You can make margin or spot trades or even lend your coins and get fixed profits for the risk you take.
They recently moved their headquarters from China to Malta. Their CEO Changpeng Zhao (CZ) is pretty active on Twitter. There has been a KYC hack in the past so like any exchange out there, you shouldn’t just trust them with your life savings.
Kucoin is almost exactly the same like binance. Pretty fast, pretty reliable. Nice looking UI etc.
There are many alts to choose from in Kucoin. They list some coins that are not available on binance doesn’t and vice versa. Margin and spot trading, both of them are available.
3. Bisq (Decentralized)
Bisq is kind of different than the other 2 exchanges I just told you about. Bisq is a decentralized exchange and sadly decentralized exchanges are not as popular as they deserve. The order books are pretty thin right now but hopefully this will change soon.
You probably heard binance also has a decentralized exchange but actually it is not all that decentralized. Not like bisq. Bisq is completely decentralized. It is just like bitcoin itself. Unstoppable. Cryptobridge was a decentralized exchange too, till they stop it. Yep, it is not functioning anymore.
If you really want a real solid decentralized exchange where no government spies can stop you, that’s the one.
Love or hate, bitfinex has been around for quite a time. They issue one of the most controversial stable tokens out there, TETHER. What tether is, it is a token 1:1 backed by real USD and/or real assets (so they say) which is being issued on various blockchains like Ethereuım, Omni etc… Tether is a whole different discussion topic so I’ll leave it here.
This exchange is the first major exchange which enabled the support for the Lightning Network, bitcoin’s off-chain second layer scaling method. So It is safe to say they are pretty innovavite.
They let you do margin trades, they let you trade various altcoins. They got hacked back in the day but it seems they kinda recovered from that. While I am not completely feeling safe with this exchange I believe if you follow the first rule of trading, you won’t have any troubles. “Don’t keep more money than you could afford to lose on exchanges.” (This rule applies to all exchanges.)
Bitstamp has been around since 2011. They are from Luxembourg so It is safe to call them a Europan crypto exchange. It is one of those exchanges which only minds its own business. You’ll find no drama here. It is simple, it is fast. No fuck ups, no excuses.
Bitstamp offers only a few crypto currencies; BTC, ETH, XRP, LTC and BCH. If you want to buy/trade the other alts, you are in the wrong place. As I said above, bitstamp is known for its simplicity. It does a few things but it does it well.