The list of the best cryptocurrency exchanges available at the moment.
Key points on cryptocurrency exchanges
- Cryptocurrency exchanges are where people go to buy, sell and trade cryptocurrency pairs.
- Many exchanges provide other features, such as liquidity mining, initial exchange offerings, saving, staking and more.
- You can learn more about Cryptocurrency Exchanges here.
Best Centralized exchanges (CEXs)
Centralized exchanges are exchanges where the power is controlled by a single person or group. Generally, they own your private keys, which in ways is a downside. If you’d like to learn more about the pros and cons of centralized exchanges, you can read more in cryptocurrency exchanges 101.
We’ve partnered with Kucoin because they’re really a stand out cryptocurrency exchange. The offer everything from spot trading, to futures, staking and often launch incredible coins before anyone else (for example Polkadex).
Binance is one of the most popular exchanges. This is where the majority of crypto-traders spend there time. Binance has huge liquidity, great security and a wide range of features from saving to staking to futures trading.
An extremely user-friendly exchange, focussed solely on futures trading. Perfect if you’re looking to trading leveraged products. They have some seriously generous rewards, which you can check out in the Deals section.
4. Coinbase Pro
Coinbase Pro is a more trading focussed addon to Coinbase. Coinbase is the largest US-based exchange, and it now a publicly traded company. Great if you’re worried about storing your funds outside of the western markets.
High liquidity, security and great customer service. I’d recommend Kraken if you’re looking for a safer ticket into crypto. They offer spot, margin and futures markets.
Best Decentralized exchanges (DEXs)
Decentralized exchanges are exchanges that tend to run on blockchains. They usually allow you to keep your private keys, so you have full responsibility for your cryptocurrency. There are multiple pros and cons of using decentralized exchanges, which you can read more about in cryptocurrency exchanges 101.
Some of the largest decentralized exchanges run on Ethereum. Mostly because Ethereum fathered smart contracts. However, until ETH 2.0 is introduced, fees incurred by using these exchanges could be quite high for the average investor/trader.
Binance smart chain DEXs
Binance is making some huge moves in Defi.
They built their own ‘Ethereum-esque’ smart-contract-enabled blockchain, called Binance Smart Chain (BSC).
Binance is incubating a rapidly growing base of decentralized applications. They make it easy for people to get in and out of Defi — unlike ETH and AVAX exchanges. And, the fees are especially low, which is a great plus for users.
This is the most popular Defi application at the time of writing (03/05/2021). They’ve grown huge, likely because of the accessibility for Binance users.
Pangolin is the main exchange on Avalanche. Their initial growth has been huge. They’ve used Uniswap’s interface, so it’s very familiar for Defi users. Pangolin is the gateway for most Avalanche apps.
Penguin finance is a newer Avalanche exchange, but they’ve got some great APYs on their farming features. Check them out if you haven’t already.