Binance is one of the top crypto exchanges with 24.5 crore weekly users
The cryptocurrency market is emerging as a great alternative to traditional investment. The internet is flooded with success stories where people have made millions within a few months just by investing in some crypto tokens. The crypto market capitalization stands at $2 trillion and is expected to increase exponentially over the next few years. With top institutions and seasoned investors putting their money in crypto, the time is right for common people to invest in the crypto market for a steady passive income. With the skyrocketing demand for cryptocurrencies, several top crypto exchanges have risen to prominence. However, the crypto boom also provides fraudsters the opportunity to cheat people using inauthentic exchanges. Hence, make sure that you create an account on a legitimate crypto exchange.
If you are looking to buy or sell crypto tokens, you will need to create an account on a registered crypto exchange. Since the internet is flooded with multiple crypto exchanges, we are here to help you pick the best ones.
Here’s a list of 6 top crypto exchanges:
- Binance: Binance’s dominance in the crypto market is undisputed. It is the largest crypto exchange in terms of trading volume. With nearly 24.5 crore weekly visits and 395 coins, Binance has an exchange score of 9.9. It supports 46 FIATs including USD, AED, AUD, GBP, INR, and RUB. As of October 2021, Binance has more than 28.5 Million users. Binance allows spot, futures, and margin trading. The exchange offers its services in over 140 countries.
- Coinbase Exchange: Coinbase is another popular crypto exchange where you can buy and sell as many as 169 crypto tokens. Forbes gives Coinbase a rating of 4.5. It has over 8.9 crore active users and close to 30 lakh weekly visits.
- FTX: FTX is another leading crypto exchange that supports leverage trading up to 20X. With more than 319 crypto tokens listed on the exchange, it allows investors the opportunity to diversify their investments. FTX has around 43 lakh weekly visits and gets an exchange score of 8.2. It supports 10 FIATs including USD, EUR, and GBP.
- KuCoin: Often referred to as the “people’s exchange”, KuCoin is an extremely popular crypto exchange with the 24h trading volume on the platform being $1.30 billion. With more than 623 small and big crypto tokens listed on the platform, KuCoin is one of the best exchanges for trading altcoins. The exchange hit the 10 million mark in terms of userbase in December 2021. With nearly 26 lakh weekly visits, KuCoin has an exchange score of 7.5.
- Huobi Global: Huobi became China’s largest digital asset trading platform in 2013. Since then, it has emerged as one of the leading crypto exchanges globally. Huobi Global has more than 475 crypto tokens listed on it. It supports as many as 48 FIATs including USD, AED, and ARS. With nearly 16.9 lakh weekly visits, Huobi Global has an exchange score of 7.3. Huobi Global allows tens of millions of users to buy and sell crypto tokens across 170+ countries.
- Gate.io: Gate.io is one of the best, if not the best crypto exchanges for investing in low-cap gems. With more than 1300 crypto tokens listed on the exchange, Gate.io gets an exchange score of 7.3. The exchange operates in 190+ countries and has more than 10 million users globally. The 24 hours trading volume on the exchange is $815.80 million. It is an ideal exchange for beginners looking to explore investment opportunities in low-cap tokens.