Introduction: Top 5 Crypto Exchanges

Hey there! Welcome to the ultimate guide on the top crypto exchanges you should check out in 2024. Whether you're new to the crypto game or a seasoned trader, finding the right exchange can be a game-changer. So, let's dive in!

1. Coinbase: Where It All Began

You've probably heard of Coinbase, right? It's been around since 2012 and is super beginner-friendly. Think of it as your go-to spot for buying, selling, and holding crypto. Plus, it's got top-notch security to keep your coins safe.

Coinbase takes the minimum transaction fee, starting from 0.00% up to 0.6%. There are 200+ cryptocurrencies listed on the platform. And the minimum deposits start from as low as $2.

Coinbase is suitable for both beginners and advanced traders but it lacks high-quality customer service, which is a major issue with it.

2. Binance: The Big Player

Binance is like the heavyweight champion of the crypto world. It's huge, global, and packed with features. Whether you're into trading or just want to buy some crypto, Binance has got you covered.

If you are looking for a crypto exchange with bare minimum trading fees, then Binance is the best option as it changes around 0.1% of your transaction which is the lowest in the market.

It is also one of the largest crypto exchanges in the world. It offers around 350+ cryptocurrencies. The best part is that you can start your trading journey with as low as 0.000001 BTC investment.

3. Kraken: Your Security Buddy

When it comes to security, Kraken's got your back. It's been around since 2011 and is known for its rock-solid security measures. Plus, it offers a wide range of coins to trade, so you'll never get bored.

Kraken is identical to Binance in many terms like it also requires low trading fees. This super famous crypto exchange has a total of 185 currencies listed on the platform. As far as security is concerned, Kraken has never suffered a security breach. Also, it offers high-quality customer support.

4. Gemini: Making Crypto Mainstream

Gemini is all about making crypto accessible to everyone. Founded by the Winklevoss twins in 2014, it's a regulated exchange based in the US. So, if you're all about playing by the rules, Gemini might be the exchange for you.

Gemini is an ideal option for you if you are seeking a simple and secure trading platform. The platform has a strong hold on security and has never been breached in the past by hackers.

Gemini is super easy to use and also offers insurance coverage on your funds, which gives you additional peace of mind. However, the transaction fees are slightly higher.

5. Zebpay

Many top crypto exchanges are banned in India. So I am mentioning a top-level crypto currency exchange for Indian users. It was launched in 2014 by Sandeep Goenka, Mahin Gupta, and Saurabh Agrawal.

Zebpay is extremely popular in India with over 5 million users. Furthermore, it is available to be used in 163+ countries around the world. The platform not only allows you to trade and exchange cryptocurrencies, but you can also earn a fixed interest of about 4% by keeping your money in the Zebpay wallet.

6. Crypto.com

When it comes to the most popular crypto exchange, then Crypto.com tops the chart. This exchange has 250+ currencies listed on it. You can start with as low as 1 euro and the transaction fees vary from 0.00% to 0.075%.

Crypto.com has one of the best mobile-friendly apps that lets you access your assets and invest in your favorite cryptocurrencies on the go. But while it is one of the most ideal apps for crypto trading, the customer support of Crypto.com is considered one of the poorest. Overall, a good crypto exchange if you are just starting your crypto trading journey.

7. BitMart

Up next on the list is BitMart, which probably is the largest exchange platform with over 1500 cryptocurrencies listed on the platform. The platform requires transaction fees of 0.008 to 0.4% depending on the transaction and amount.

But when it comes to minimum deposit, you probably will prefer Crypto.com over BitMart as it needs a minimum investment of $50 which could be slightly high for a newbie who is just starting their trading journey.

Similar to all other crypto exchanges, it also has trading limits. But the reason we chose it and put it on no.7 on the list is because it is best for altcoin trading. It is available to use in over 180 countries around and world.

8. Cash App

If you are looking for a super-simple, bitcoin-only crypto exchange, then Cash App is for you. This platform only offers Bitcoin exchange on the platform and the bare minimum deposit begins with as low as $1. However, the transaction fees of this exchange are one of the highest, with a minimum starting at 0.75% and a max of 3%.

If you are a Bitcoin-only trader, then it's good else you should look for other options as it also has limits on deposits and sales.

9. Bisq

On #9, we have chosen the best-decentralized crypto exchange as it allows you to buy and sell crypto currencies from anywhere around the world. Bisq is regarded as one of the safest crypto exchanges as it has never been hacked, unlike BitMart which got hacked on a large scale in 2021.

Bisq has not disclosed the total no. of currencies listed on the platform. However, as per our testing, there are ample amounts of currencies on the platform including all the major and important ones. The transaction fees begin from 0.075% and go all the way up to 1.15%. The only thing we didn't like about Bisq is its slow transaction speed which is very frustrating at times.

10. CoinDCX

CoinDCX is another excellent crypto exchange that is extremely popular in India. The platform holds more than 500+ cryptocurrencies on its exchange. Users can start as low as 100 INR as their first investment. As far as the fees are concerned, the platform requires 0.2% of your transaction amount which is quite good.

Also, CoinDCX is one of the best safest exchanges listed out there. There are all the necessary payment options available for you to deposit money. Apart from that, the platform gives you other investment options like SIP, marginal and futures trading, and more. The only con of this exchange as of now is that it only supports INR deposits as of now.

Pros & Cons of Investing in Crypto Currencies

Pros:

1. Big Profits: Some people have made a lot of money by investing in cryptocurrency. If you get in at the right time and the price goes up, you could make a lot of cash.
2. Diversification: Crypto is different from regular stocks and bonds, so investing in it can help spread out your investments. It's like having different types of snacks at a party instead of just chips.
3. Easy Access: You can buy and sell cryptocurrency from your phone or computer. It's like having a virtual piggy bank that you can access from anywhere.
4. New Tech: Cryptocurrency is based on a cool technology called blockchain. Investing in it means you're supporting new and exciting ideas that could change the world.

Cons:

1. Big Changes: Cryptocurrency prices can go up and down super fast. It's like riding a roller coaster – exciting, but it can make you feel queasy if it goes downhill too quickly.
2. Rules Are Unclear: Different countries have different rules for cryptocurrency. This can make things confusing and sometimes scary because you're not sure if you're breaking any rules.
3. Security Issues: Hackers like to steal cryptocurrency because it's digital and harder to trace. It's like having a digital wallet that someone can pickpocket if you're not careful.
4. Not Real Stuff: Unlike money you can hold in your hand or a house you can live in, cryptocurrency is all online. Its value depends on what people think it's worth, which can change a lot.

Conclusion

In short, investing in cryptocurrency can be exciting and profitable, but it's also risky. Make sure you understand what you're getting into and be prepared for ups and downs along the way.

So, there you have it – the top seven crypto exchanges to keep an eye on in 2024. Whether you're a newbie or a pro, these exchanges have something for everyone. Happy trading! 🚀

Frequently Asked Questions:

How to Make Sure That a Crypto Exchange is Safe to Use?

While we recommend you do your research and find out the safest crypto exchange for yourself, all the exchanges we have listed in this article are legitimate and trusted by millions around the world.

What is the Safest Payment Option to Deposit Money in a Crypto Exchange?

All the payment options like Credit Cards, Debit Cards, PayPal, Bank Transfer, and Wallet transfer are safe to use with the above-listed crypto exchange and you can use your desired payment method to load money.

Which is the Best Crypto Exchange in the World?

Binance is considered one of the largest crypto exchanges in the world. But when it comes to best, it can differ from person to person, depending on their requirement. As per our testing, Coinbase is one of the best crypto exchanges.