The Best Cryptocurrency Exchange: A List of Top Trading Platforms in 2020
A cryptocurrency exchange is a specific platform where users are able to sell or buy cryptos for other cryptos or fiat currencies. Since the crypto boom, the number of crypto exchanges has greatly increased, and many are wondering what platform is best suited for them.
To make things easier for you, we have compiled a list with some of the top cryptocurrency exchanges that you can use in 2020.
CEX.IO is a London-based cryptocurrency exchange, and it was established in 2013. The platform is registered with FinCEN as an MSB (Money Service Business), which means it is legally able to provide crypto to fiat transaction services.
The exchange also features a registration with the non-departmental public body ICO (Information Commissioners Office) in the UK.
The platform allows you to buy sell and trade with up to 8 cryptos (BTC, BCH, ETH, XRP, DASH, XLM, ZEC, BTG), as well as four fiat options. CEX.IO also features advanced trading options, such as margin trading.
There is the option of direct credit card cryptocurrency purchases with Visa/MasterCard, but this will require card verification beforehand.
You will be required to create an account with your email ID and comply with their AML-KYC ID requirements. After the verification process has been completed, you will be able to trade and finance your account with fiat currencies.
BitMEX is a crypto futures trading platform based in Hong Kong which provides future and perpetual contracts tied to the price of Bitcoin.
The exchange is mostly targeted towards advanced traders, as it is focused on offering margin trading with 100x leverage. This site is probably not recommended to new traders because of its complexity.
The platform offers a number of futures options, including perpetual contracts that have no end date. The trading fees are reasonable, and there are no fees on deposits and withdrawals. Bitcoin is currently the only crypto that can be used for deposits and payments, but you can purchase a number of other altcoins using the platform. No US-based payments are accepted here, as well as fiat currencies, which is a disadvantage for some traders.
BitMEX is proud of its implemented security measures, as it so far never been successfully hacked, running 100 audits every second and keeps all user funds in cold wallets.
The platform has an easy to use interface and features detailed currency pair charts, as well as several analysis tools.
Coinbase is a well-known and reputable cryptoc ...