Choosing the right exchange for your cryptocurrency can be very critical, depending on your requirements and nature of your digital currency. There are thousands of exchanges in the market. Some of them don’t accept fiat currency and trade only in crypto to crypto, and some of them only accept one or two type of coins, so make sure you understand the requirement of the exchange you are trading with.

The best things to consider when choosing a cryptocurrency exchange that’s right for you are safety and security, exchange volume, and exchange fees. For example, ideally, you would want an exchange that is high in volume but low in fees. It’s also important to know that not all crypto exchanges are available in every country and some countries may have restrictions on what you can access on an exchange, these factors alone may be an instant deciding factor for you against a particular exchange.

In a crypto-to-crypto exchange, all trading pairs are between cryptocurrencies. You cannot exchange fiat currency directly for crypto. Crypto-to-crypto exchanges include Binance, Huobi, and Bittrex.

Binance

With more than 30% of the overall exchange market share, Binance is the most popular crypto exchange in the market that can process 1.4 million orders in a second. There are more than 300 different cryptocurrencies that are supported on Binance with different trading pairs options like ETH/BTC, EOS/ETH and then the list goes on. Binance is accessible from any device and compatible with Android, iOS, Windows, & Mac and exchange is available in multiple languages, including English, Chinese, Japanese, and Korean.

Binance charges a 0.1% trading fee, no deposit fee, and the fee for withdrawing will depend on the blockchain.

Global Availability

Binance is available in all countries, including the US.

Drawbacks

Some of the drawbacks of Binance are that users may experience delays when trying to withdraw coins from the exchange, and occasionally, user data may be logged.

Trading Pairs

You can track all the trading pairs and point out the ones with the highest volume.

Huobi

Protected by Goldman Sachs Huobi is also one of the very popular crypto exchange used by millions of traders every day. It has a decentralized structure with an anti-DDOS protection system. All of the digital assets are stored in multi-signature cold wallets. Huobi can be accessed by iOS, Android, Windows, or Mac with the multilingual facility.

Trading fees on Huobi are 0.2%. There are no deposit or withdrawal fees

Global Availability

HuobiHuobi is available in over 130 countries, including Canada.

Drawbacks

Huobi exchange has been accused of falsifying trading volumes in the past.

Trading Pairs

You can track all the trading pairs and point out the ones with the highest volume.

Bittrex

Bittrex with over 2% of overall market share has the advantage of the fastest transactions with automatic and easy to use platform for the user. As a US-run crypto exchange, Bittrex complies with all US regulations to help ensure all customers have the best, and safest, experience possible. There are over 190 cryptocurrencies offered on Bittrex, with many different trading pairs between them, which is why it is often included in the list of popular crypto exchanges. Bittrex maintains a high level of security by keeping the majority of its funds in a multi-stage cold storage wallet. All users will be put through two-factor authentication for added security. Bittrex is easily accessible by Android, iOS, Windows, & Mac.

There is a 0.25% trading fee on all coins but no deposit fee. Withdrawal fees will vary by coin.

Global Availability

Bittrex is a US-based exchange but it has the availability in more than 130 countries in the world.

Drawbacks

A big major drawback is a long verification process to getting the account approved with Bittrex. The response time for customer service inquiries can also be a little slow.

Trading Pairs

You can track all the trading pairs and point out the ones with the highest volume.

When it comes to fiat-crypto exchange there are many different options in the market, but here are the few most popular ones considering their pros & cons & their Trading Volume.

Coinbase

Coinbase is one of the most popular fiat-crypto exchanges in the US with more than 20 million users and average around 10% of the overall market share. It’s a very simple easy to go exchange platform where you can link your bank account directly with the exchange and start trading. Due to the fact it is directly linked to your fiat currency bank account so it has very high liquidity and also offers instant buying feature. Exchange supports only few crypto tokens like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). So if you are willing to trade in any of these Coinbase is the best Exchange in the market. Coinbase is accessible through Android, iOs, Windows, & Mac

The trading fee will be 1.49% on all bank purchases and a 3.99% on credit and debit purchases

Global Availability

Coinbase is available in more than 120 countries.

Drawbacks

A major drawback in this exchange is it only supports four coins Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH)

The exchange has limited payment methods which depend on the country you are in.

Your account on the exchange will be monitored

Trading Pairs

You can track all the trading pairs and point out the ones with the highest volume.

OKEx

OKEx is considered to be one of the best exchanges when it comes to the trading volume on daily basis. The exchange has more than a million customers for which customer security is the number one priority for the exchange and they ensure the security by employing GSLB and distributed server clusters. Another great aspect of the exchange is the product development based on their customer’s feedback which makes it most popular exchange among the traders. OKEx exchange is easily accessible through Android, iOS, Windows, & Mac

The trading fees charged by OKEx are volume-based, which means that the exchange adjusts your fees depending on your daily trading volume. The more you trade, the lower your fee will be. Fees can range anywhere between 0% and 0.19%, depending on what you’re trading (regular or futures) and how much you’re trading.

Global Availability

OKEx is available in more than 120 countries and is easily accessible.

Drawback

The OKEx Exchange has a week and very slow customer support.

It is not the easiest exchange to use if you are a beginner.

Trading Pair

The exchange offers both token and futures trading pairs with 100s of options to choose from. You can track all of them and point out the ones with the highest volume.

Bitfinex

Bitfinex is undoubtedly the largest and one of the oldest (founded in 2012) cryptocurrency exchange with 37% of the overall market share, making it also one of the most popular crypto exchanges. The exchange will accept most of the fiat currencies like US dollar, euro, Japanese yen, and British pound for selected coins. For security purposes, the exchange has a very long process for account verification in order to trade with fiat currency. The verification process includes deposit fiat currency, trade with crypto and withdraws fiat currency, this whole process will take about four to six weeks. Bitfinex is accessible through Android, iOS, Windows, & Mac

Withdrawal and deposit fees will vary by coin; however, coin deposits over USD $1,000 will not be charged a fee. Trading fees range between 0% and 0.20%

Global Availability

It is available in many countries but unfortunately not in the US. US residents can’t trade in Bitfinex, but yes you can trade in US Dollar.

Drawbacks

The major drawback is that exchange is not open for the residents of US.

This exchange has a very complicated User Interface (UI) which is not very easy to use for the beginners.

Trading Pairs

You can track all the trading pairs and point out the ones with the highest volume.

Bithumb

Apparently, Bithumb is a fiat exchange, but the only fiat currency supported is the South Korean Won (KRW), and fiat deposits are only available to Korean residents. That means if you are not a Korean resident you can not trade with fiat-crypto, it will be a crypto-crypto exchange. It supports just over 30 major coins in the market. Bithumb is a very popular & easy to use exchange, perfect for a beginner and has very high liquidity. Bithumb is aaccessiblewith Andriod, iOS, Windows, & Mac

Bithumb charges a 0.2% trading fee, while its deposit and withdrawal fees will vary depending on the cryptocurrency. In terms of KRW, there is no deposit fee, but it will cost 1,000 KRW to withdraw KRW from the exchange.

Global Availability

Bithumb is available only in South Korea as a fiat-crypto exchange, but as a crypto-crypto exchange, it is available in many countries.

Drawback

The major drawback is it is perfect only for Korean residents and not for the rest of the world if they want to trade in fiat currency.

Trading Pairs

You can track all the trading pairs and point out the ones with the highest volume.