Top Crypto Exchanges To Look Out For In 2024

January 29, 2024

Crypto Exchanges

Jumping into the world of cryptocurrencies requires a thoughtful selection among crypto exchanges, and on this front, the latter is dynamic, featuring different alternatives.

In this extensive guide, we will explore some of the top cryptocurrency exchanges that are designed for different trading requisites. Whatever trader you are – a pro or someone new to crypto, the right platform is essential for an enjoyable and safe trading journey.

So, if you want to find the best crypto exchanges, then this is where your search ends.

12 Crypto Exchanges To Keep An Eye Out In 2024

 top cryptocurrency exchanges

#1 Coinbase: Pioneering Bitcoin Excellence

Coinbase is one of the most popular companies in the world when it comes to Bitcoin enthusiasts. Coinbase has a diverse portfolio consisting of over 250 cryptocurrencies like Bitcoin, Ether, Litecoin, Dogecoin, and Ripple for both individual as well institutional clients. Other elements that make it user-friendly involve staking rewards, mobile applications, and learning reward accounts which are for educational content engagement.

Nevertheless, Coinbase might not be ideal for those who are fond of margin trading or futures options.

#2 Abra: Fee Efficiency with High Rewards

Abra shines for its cost-effective formula and widespread of crypto products. On a global scale, Abra distinguishes itself from other market participants in that it does not receive trading fees but makes money on the spread between different assets. Abra supports 75 cryptocurrency traders with interest accounts paying up to 10% on eligible assets. It also has crypto-backed loans, OTC trading, and beginner guides.

Please note the fees associated with Visa and Mastercard transactions on Abra are comparatively high, so caution is advised.

#3 Kraken: The Beast of Futures and Margin Trading

Unlike many other tokens, Kraken is a well-known player in the crypto industry. It houses more than 185 coins, and it caters to investors of all sizes. Kraken is sure to be popular with individuals who enjoy futures and margin trading. It allows you to borrow up to five times your balance in order that it is possible for one to trade more crypto. The commodities that you can trade with futures are Bitcoin, Ether, Litecoin, Bitcoin Cash, and Ripple.

But there’s a catch. You cannot use the Kraken Futures mobile app if you are in the US. And some of its services are exclusive to rich and powerful customers.

#4 CEX.IO: The Crypto Exchange for Everyone

CEX.IO refers to a crypto exchange that almost works everywhere in the world. It has its headquarters in London, but it operates to support traders in most countries across the world.

It has more than 100 coins for selection and it also possesses some attractive features including instant buy, mobile apps staking rewards loans as well varied types of trading accounts.

But there’s a downside. If you use a debit or credit card to purchase crypto, your fees will be astronomical. That’s not cool.

#5 Gemini: The Bitcoin and Ethereum Lovers Crypto Exchange

Gemini is a crypto exchange which has been in operation for quite some time. It offers a wide variety of services for large and small traders. Gemini lets you use various platforms with your crypto stored safely and borrow money.

But Gemini is not perfect. It supports only a few coins, mainly Bitcoin and Ethereum. And its fees vary based on trade.

#6 eToro USA: A Crypto Exchange for all types of traders

eToro USA is one of the many crypto exchanges that is serious about security and usability. It has more than twenty-five coins available for trading, and it operates in 140 countries. You can either trade on your own or you could have eToro working for you with CopyTrader ™ and SmartPortfolios. The advantage of this is that eToro allows you to trade stocks and ETFs with no commissions. How awesome is that?

But there’s a catch. Yet, eToro USA is not for everyone. Not all US regions can use it. Bummer.

#7 Binance.US: The Crypto Exchange Full of Coins and Perks

Binance.US is a digital asset exchange that offers numerous coins on its platform. You can trade hundreds of cryptocurrencies and invest diversely. You also have some privileges such as earnings and trading, regular purchases over the counter, and making payments using stablecoins. However, if you’re a crypto newbie, Binance.US could be somewhat challenging to navigate through. It doesn’t have much to tell you.

#8 Bitstamp: The Crypto Exchange for Pros

Bitstamp is a Luxembourg-based crypto exchange. It has over 60 coins you can trade and is best suited for big and professional traders. In case you are in the United States, Bitstamp USA can be used to trade crypto with low charges. However, one should have at least 10 dollars to initiate trading.

#9 Bittrex: Crypto Exchange that Safeguards Your Money

Bittrex is a crypto exchange that attaches much importance to security. It implements two-factor authentication and keeps your funds safe. It also has lower costs than the majority of exchanges, which is nice. But there’s a catch. In some states, Bittrex does not operate. Sorry about that.

#10 Webull: Budget-Friendly Trading with Limitations

A minimum investment of $1 is only needed to start crypto trading using the services provided by Webull, an online broker. Though it is inexpensive, the selection of investment options includes only major cryptocurrencies such as Bitcoin, Dogecoin, Ether, and Litecoin.

#11 Robinhood Investing: Commission-Free Structure with Caveats

The zero-commission structure and the ability to get interest on brokerage cash are provided by Robinhood. Nevertheless, its cryptocurrency offering only features 17 products such as Bitcoin, Ethereum Dogecoin among others.

#12 Uphold: Anything-to-Anything Trading Platform

Uphold is a multi-asset digital platform for “Anything-to-Anything” trade between various asset classes which comprises Crypto Assets, stablecoins, Environment assets, and Precious metals. A $10 account may be opened.

To Wrap It Up

So, that’s it folks. Cryptocurrencies have their fair share of crypto exchanges, and each one is offering something different. It is also important to choose the one that meets your requirements and financial objectives. You can look at these based on fees, coins security and features. Try to learn as much as you can, be cautious and enjoy crypto. I hope you find the best crypto exchange on your part.

Read Also:

Ariana Smith

Ariana Smith is an enthusiastic fashion blogger and freelancer content writer. She loves to write and share knowledge of the latest fashion trends, fashion, and shopping tips and tricks. She is the chief editor at FollowTheFashion.

Leave a comment

Your email address will not be published. Required fields are marked *