Cryptocurrency exchanges are an online digital marketplace used to exchange one kind of digital asset for another as per the market value. There are so many popular exchanges in the industry.
If you are new to the cryptocurrency market, you must know about the top cryptocurrency exchanges. Here is the list of the top 9 crypto exchanges that you can choose for trading.
Binance:
Binance with over $16 billion of daily volume, and it has 630 different assets to be traded, a vast choice between other cryptocurrencies. And everyone knows Binance, which is pretty much the biggest cryptocurrency exchange, and it was launched in July 2017. So it's not an old cryptocurrency exchange, but it's at the top of my list of cryptocurrency exchanges.
Huobi
The second one is Huobi. It has about $3 billion daily volume, and it has 556 different assets. It was launched back in 2013—quite a popular cryptocurrency exchange.
Coinbase:
So number 3 is Coinbase with above $1.15 billion daily volume, and it has just 73 cryptocurrencies to be traded. It was launched in May 2014. It is effortless to be used, and it's very easy for beginner traders to get used to it. Even if you don't have any experience in cryptocurrency exchanges and want to buy some Bitcoin or any other crypto, it's relatively easy to register and look at all the assets and to purchase. Then you can withdraw either to your Visa that you have used, or you can withdraw to your PayPal account, which I find pretty cool. And the withdrawals are instant. So anytime you need your money from the Wallet, you can withdraw, and they go to your bank immediately, which is pretty cool with Coinbase.
Kraken:
Number 4 is Kraken with over $700 million of daily transactions, and it has 177assets. It was launched in July 2011. So pretty much, one of the oldest cryptocurrency exchanges we have nowadays.
Bithumb:
Number 5 is Bithumb with over $500 million of daily transactions; 103 assets are available to be traded. It was launched in January 2014, a trusted cryptocurrency exchange with more than seven decades of history.
Bitfenix:
Number 6 is Bitfenix with $630million of daily volume; it has 116markets.
BitFlyer:
The eighth spot is for bitFlyer, which has $200 million of daily volume. Still, the concern there is that they offer just five different markets to be traded, and this is the kind of thing that pushes the people away because usually, the traders and the investors want to sell more assets. It was launched in January 2014.
Abit:
Number 9 goes to Abit with over $700 million of daily volume. But the good thing here is that you can choose between 192 different cryptocurrencies to be traded. And Abit was launched in 2017 in October.
Bittrex:
Last is Bittrex, number 10, with $129 million volume per day. The great thing here is that it has 442 different assets that you can choose from.
So this is the list of different types of cryptocurrency exchanges that you can use before risking any real money on the market, and I would suggest you check any of them, compare the fees, and decide which one will work best for you. Make sure to choose a regulated cryptocurrency exchange and test it with small amounts of money. Just buy some crypto, sell it, withdraw it back to your bank account and see if they are legit and if their trading conditions will fit your trading style.