Top 10 crypto exchanges in 2024

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How to Choose a Reliable and Secure Exchange?

Cryptocurrency exchanges are online platforms where you can buy, sell, and exchange digital assets. However, conditions on different exchanges can vary greatly: some offer high fees, others process transactions slowly, and some lack security. Therefore, it's important to conduct research before making a choice.

To help you make the right choice, we have prepared a list of the top 10 crypto exchanges.

Methods for Selecting and Analyzing Cryptocurrency Exchanges

We studied many platforms:

• First, we assessed security. Without protection and reliability, there's no point in looking further.
• Next, we considered the variety of cryptocurrencies. The more, the better.
• Then, we examined fees. High fees can eat into your profits.
• User experience is one of the key factors. The platform should be intuitive for both beginners and experienced traders.
• Liquidity and trading volume show how reliable and convenient the exchange is.
• Mobile apps are a must for modern users.
• And, of course, customer support and community feedback. Good support and positive reviews are a sign of trust.

Best Cryptocurrency Exchanges:

Binance

Binance is the world's largest crypto exchange by trading volume. The platform has established itself as a reliable player in the crypto space, where users can buy, sell, and store their digital assets, and access over 400 cryptocurrencies and thousands of trading pairs. The Binance ecosystem now includes Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT, and more.

The app is available for both mobile and desktop versions. The platform itself is very convenient, with a wide range of trade types and advanced trading tools for experienced investors. It charges fees based on a tiered system, where users are ranked from regular users to VIP 9. For example, the maker/taker fee for spot trading for regular users is 0.1%, and for VIP 9 - 0.012%/0.024%.

Bybit

Bybit is a centralized crypto exchange (CEX) with over 500 cryptocurrencies and nearly 600 trading pairs. The platform offers the following products: spot, margin trading, leveraged tokens, trading bot, launchpad, futures, perpetual contracts, copy trading, P2P, liquidity mining, NFT marketplace, staking, and more. Bybit has a high level of security and transaction speed, an intuitive interface, and a mobile app.

Bybit also has a tiered fee structure based on the maker-taker model. The levels are as follows: VIP 0, VIP 1, VIP 2, VIP 3, VIP 4, VIP 5, Supreme VIP, Pro 1, Pro 2, Pro 3, Pro 4, and Pro 5. For example, for the first level, the maker/taker fee is 0.10%/0.18%, and for the highest level, it is 0.005%/0.015%.

OKX

OKX is a centralized crypto exchange with over 300 cryptocurrencies and more than 550 trading pairs. The exchange offers basic trading, including spot and simple options, derivatives, trading bots, block trading, OKX Earn, and more. This is great for experienced traders, but OKX has not forgotten beginners either - the platform offers a training account for virtual trading.

What are the fees on OKX? Based on trading volume, users are divided into levels: 5 regular (classified by OKB balance) and 8 levels of VIP users (classified by asset amount and trading volume over the last 30 days). Suppose you have level 1, then the maker fee will be 0.08%, and the taker fee will be 0.10%. A user with the highest VIP level as a taker will pay a fee of 0.015%, and for the taker, the conditions are even better: - 0.005%.

HTX

HTX (formerly Huobi) offers an extensive list of cryptocurrencies: the platform has over 700 assets and nearly 800 trading pairs. Users have access to insurance programs to protect their assets, 24/7 customer support, and a convenient mobile app. The HTX ecosystem includes spot market trading, margin trading, futures and derivatives trading, staking, crypto loans, and more.

Huobi has a tiered fee structure - 11 Prime levels. The platform charges a maker and taker fee from 0.2% at the initial level to 0.0126% and 0.0218% at the last level on the spot market.

Kraken

Kraken is one of the oldest exchanges, focusing on reliability and security (Kraken is interested in maximum protection, so it pays users who find bugs). The platform offers many products and services, including but not limited to: spot trading, margin trading, futures, indices, staking, OTC trading, and the upcoming NFT trading platform.

Fees on the platform:

Bitget

Bitget is a cryptocurrency exchange that focuses on copy trading and various smart trading tools. The platform offers a wide range of services related to cryptocurrencies, including crypto-to-crypto trading, spot trading, futures trading, margin trading, copy trading, AI-based trading bot, Launchpool, Launchpad, and much more. The exchange has nearly 900 cryptocurrencies and about 1000 trading pairs. It has a user-friendly interface and a mobile app.

Bitget has the following spot trading fee structure: 8 levels from VIP 0 to VIP 7, fees from the initial 0.100% to 0.020%/0.032% for maker/taker at the highest level.

MEXC

MEXC is known as an exchange with high-performance mega-transaction matching technology. Currently, MEXC has an impressive number of cryptocurrencies - over 2500, and about 3000 trading pairs. The exchange has reliable security infrastructure, a comprehensive set of trading services, a pleasant interface, and a mobile app.

The fee for spot trading is calculated as a percentage of the transaction amount and is automatically deducted during the operation. The fee percentage may vary depending on your VIP level, which is determined based on your trading volume, but the standard rate is 0.1% for both maker and taker.

Gate.io

Gate.io is an exchange that has surpassed MEXC in the number of cryptocurrencies and trading pairs: over 2200 and over 3600, respectively. The platform supports spot and margin trading, an extended portfolio of services includes options, futures, and derivatives for investors, and also offers innovative features such as copy trading and bot trading, allowing users to emulate the strategies of top traders.

What about fees on Gate.io? Trading fees on spot and futures markets are based on a tiered system: from VIP 0 to VIP 16, users are ranked according to their 30-day trading volume, with the minimum level being 0.10% for makers and traders, and the maximum being 0% for makers and 0.02% for takers.

KuCoin

KuCoin is an exchange with over 800 cryptocurrencies and nearly 1300 trading pairs. Special emphasis is placed on intuitive design, a simple registration process, and a high level of security; for greater convenience, there is a mobile app. The platform supports futures trading, an integrated P2P exchange, the ability to buy cryptocurrencies with a credit or debit card, and instant exchange services.

What are the fees on KuCoin? Fees are determined by a tiered system, depending on the "class" of the token and the user's level, which is based on 30-day spot market trading volume and holding a minimum amount of KCS in the wallet. Here is an example of spot market fee levels for Class A:

Crypto.com

Crypto.com is an exchange with over 350 cryptocurrencies and nearly 600 trading pairs, supporting spot trading, margin trading, and derivatives, offering various DeFi products, and having its ecosystem on the Crypto.org blockchain, powered by its token Cronos (CRO), and of course, it has a mobile app.

Crypto.com has 9 trading levels, from which the maker/taker fee depends: from 0.050%/ 0.070% to 0.000%/0.015%, respectively.

Conclusion

When choosing an exchange, remember: security and reliability should always come first. Don't chase instant profits and always be vigilant. In the world of cryptocurrencies, it's better to be safe ten times than to lose everything due to one mistake.

Protect your investments, use only verified exchanges, and remember that your peace of mind is your most valuable asset. Good luck in trading and great success!