People who are new to the crypto space should know about the popular crypto exchanges so they can consider the best options and see which one is most suitable for them. A crypto platform that is suitable is the one that ticks all the right boxes for you in terms of the features and services available.
As a crypto investor or trader, you will have no shortage of options. However, not every available exchange will be according to your criteria or requirements either. Therefore, as a beginner, you need to have an idea about the kind of exchange that you are looking for and then choose your platform accordingly.
This is why, it is important for you to know about some of the most popular crypto exchanges that are available in the market for you. If you know the various options that are available, you can take a look at the features they offer and match them with your criteria. This will help you identify the exchange that is suits your needs and criteria the most.
Here is some information about popular crypto platforms you should know.
Popular Crypto Exchanges – Bybit Exchange
One of the most popular and widely used crypto exchange you should know about is Bybit. This exchange was established in 2018 and has significantly grown since then. It caters the needs of a vast audience and is one of the most popular platforms among crypto investors and traders.
The Bybit exchange is known for offering some of the best features and services, that make it stand out among the rest. One of its prominent features is that it supports leverage trading and offers one of the highest leverages in the market, which is up to 100x.
It has an impressive customer support system where the customer support agents are available to assist the users 24/7. It also has a user-friendly interface, which makes it a suitable exchange for experienced and inexperienced users.
This exchange has no system overloads and executes all orders without any delay. As a user of the exchange you can deposit any of the supported digital currencies including Bitcoin and trade them.
This platform is also one of the top 10 crypto exchanges due to the fact that it takes the security of the users very seriously. To add to the security offered, Bybit also requires the users to complete KYC verifications.
Binance Exchange
One of the most topmost popular crypto exchanges in the market is the Binance exchange. It was established in 2017 and is now the largest exchange in the world. However, that is not the only reason for its success or popularity.
This exchange caters the needs of a vast audience, whether they are experienced or not, which is one of the reasons it has a wide customer-base. In 2019, the Binance exchange started offering margin trading for several altcoins and the flagship cryptocurrency.
Binance also supports leverage trading and offers one of the highest leverages in the market, which is up to 125x. This is one of several reasons why it is one of the top 10 crypto exchanges in the market.
It makes use of high-end security features for the safety of users’ funds and information. Additionally, it also offers support to various payment including credit and debit cards.
One of the most unique features offered by Binance is the staking feature. Another outstanding aspect of the platform. That makes it one of the most popular crypto exchanges, is its fee structure. Which is known to be one of the lowest in the market.
Phemex Exchange
One of the popular crypto exchanges you need to know about is the Phemex exchange. It is one of the advanced Bitcoin derivatives exchange that makes use of leading-edge and advanced blockchain technologies.
This platform is not only popular among the novice and experienced traders. But it has been built to cater the needs of institutional-level traders as well.
Since its establishment, the Phemex exchange has received a lot of support from the community. Which is why it has grown to become one of the top 10 crypto exchanges in the market.
It is quite popular among the crypto traders all around the globe. Thanks to its fair and transparent fee structure, signup bonuses and a lot more. It also offers up to 100x leverage trading and allows the users to trade with several advanced order types.
Final Takeaways!
There are several popular crypto exchanges in the market. However, they vary in terms of features and services offered to the users. Therefore, if you are looking to choose a crypto platform for the first time. Make sure you choose an exchange that matches your criteria and trading requirements the most. This is why, it is important for you to know about the details mentioned above.
