The 10 Best Cryptocurrency Exchanges In The World To Buy Any Altcoins

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Introduction (H2)

Bitcoins and altcoins have slowly and steadily gained attention from investors all around the world. While some people are earning interest in cryptocurrency, others are doing pure speculation with short-term trading. We do realise that trading in cryptocurrency comes with its risks but it also offers returns. Even though frequent scams have occurred and continue to occur, it has never been simpler to invest in cryptocurrency than it is today. 

However, it can surely be intimidating at first. So, if you are one of those who are just starting off and are looking around for the best cryptocurrency exchanges, this article is for you. Know that it is not too late to invest in cryptocurrency yet, so continue reading to find out where to do so.

How Porter’s Five Forces can help you analyse the cryptocurrency market (H2)

Porter’s Five Forces can give an accurate report of the competitive forces that shape an industry. Thus, market research tools like Five Forces can also help you analyse the cryptocurrency market as well. 

With the five forces, namely current competition, future competitors, supply power, customer power and threat of substitution, students can measure the demand supply ratio in an industry. 

In order to analyse the market before you invest in cryptocurrency, you can apply Porter’s Five Forces for data collection and data analysis, as well as for sorting information and gathering insights. They can also be used to understand the external and internal forces that affect the market and to gauge the competition beforehand. Therefore, the five forces will make your analysis more credible and realistic.

The 10 best cryptocurrency exchanges (H2)

1. Binance (H3)

Binance concluded its ICO on July 21, 2017 and raised 15,000,000 USD. Since then till today, it has grown rapidly and is now in the top 5 cryptocurrency exchanges in the world. As of this day, it has 200+ altcoins and the number is increasing every day. BNB is the native currency of this platform. Binance provides a special discount for day traders if you use BNB coins.

2. Huobi Pro (H3)

Huobi Pro is an international cryptocurrency exchange which originated in China. Now, it has spread across the globe and serves a huge number of investors. It is based out of Singapore. Currently, it occupies the #3 spot on the CoinMarketCap’s list of exchanges by volume. It has 244 cryptocurrency pairs. What’s more? Huobi Pro has mobile apps for iOS as well as Android for users who want to trade in cryptocurrency on the go. As a bonus, the exchange fee is pretty low as well.

3CoinBase (H3)

CoinBase is a cryptocurrency exchange based in the United States. It is not only beginner friendly but also offers great speed and reliability. You can use CoinBase to both buy cryptocurrency and trade at the same time. There is an app for both Android as well as iOS. To add on, wire transfer feature is available as well. CoinBase is supported in every continent except for Antarctica. It also supports stable coins such as USDC and DAI, which, in our opinion, is an important aspect to look at.

Source: https://www.pexels.com/photo/round-silver-and-gold-coins-730564/

4. BitMex (H3)

BitMex was created by a talented team of economists, web developers and high-frequency traders for the crypto community. This high volume cryptocurrency exchange is more ideal for an advanced trader. At BitMex, you will not find any issues regarding the liquidity of your cryptocurrencies. The primary currency traded on this exchange is Bitcoin as well as its future contracts. Apart from Bitcoin contracts, you can also play around with future contracts for other altcoins such as Bitcoin Cash, Cardano, Ethereum, Litecoin and Ripple.

5. KuCoin (H3)

KuCoin is another easy and hassle-free cryptocurrency exchange. KuCoin offers quite a few popular and unique coins such as CHR, $KCS, and several others. Just like Binance, they also offer a fully functional mobile app for iOS and Android.

6. Poloniex (H3)

Founded by Tristan D’Agosta, Poloniex has been operational since January 2014 and is undoubtedly one of the biggest cryptocurrency exchanges in the world. It is based out of the United States and offers +100 cryptocurrencies to its users to trade. When you talk about trade volumes, Poloniex stands at the top. In 2017, Poloniex had the highest volume for ETH because it supports an independent Ethereum market as well as a BTC market.

7. Bittrex (H3)

Bittrex is a US-based cryptocurrency exchange which provides you the option of trading more than 190 cryptocurrencies at a time. They are well-regulated and compliant with all of the current US rules, so crypto users need not worry about the safety of their funds. Here, the buyers and sellers decide the rates in which they want to trade. They are charged a service fee for the platform (0.25%).

8. Kraken (H3)

Kraken is a crypto exchange which is meant for serious individual and businesses. Apart from Individual account, it also offers an institutional account which is idle for crypto businesses. Kraken supports multiple digital assets, and you can fund your account in multiple traditional currencies.

9. Bitfinex (H3)

Based out of Hong Kong and operational since 2014, Bitfinex gives its users the option to trade 13 cryptocurrencies in USD or BTC. Unlike Bittrex and Poloniex, you can trade using USD (with a wire fee of at least $20). Also, users need to pay a trade fee which can vary from 0.1% to 0.8%.

10. ChangeNow (H3)

ChangeNow is one of the best ways to get ahold of various cryptocurrencies. One of the best things about ChangeNow is that you do not need to go through a lengthy verification or registration process. It is a non-custodial exchange. Currently, it supports more than 200 cryptocurrencies along with fiat pairs such as USD and EUR. 

Author’s Bio: 

As a technology enthusiast, Mary contributes to open-source projects. She is the editor-in-chief at Top My Grades and delivers online sessions to help students with IT assignments and reports for their university projects. She has also authored blogs on Lifehack.org, Wn.com, Medium.com, Minds.com and many more digital publications.

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