The UK, 15th February: Exchanges are places where users can buy, sell, store cryptocurrencies online. These exchanges offer a wide range of cryptocurrencies, that is accepted in a particular location.
If some country prohibits a particular cryptocurrency, then the exchange (especially those with offices across different locations) will not showcase that option.
If you want to trade cryptocurrencies, you must have the top cryptocurrency exchanges list at the ready. You must check which ones have the highest ratings, user base, and of course popularity.
According to a recent study, Coinbase, Kraken, Binance, and Gemini are the top ones at the moment. We will discuss why at the moment.
Coinbase is the apple of the eye of many cryptocurrency investors and for good reasons. If you are a beginner in this world, then this is the perfect place, to begin with.
It has a beginner-friendly interface, and the processes are simplified to a large extent. If you want to learn these processes, then Binance is the best choice, because it has lots of tutorials on these processes. And the best part, Coinbase offers rewards to learners on achieving milestones on their life journey.
It has got stellar reviews from users, so you can safely advance your steps here. But of course, there are cons associated with it. It charges a higher convenience charge, and if you want to get a lower pricing strategy, you will have to use a much more complicated structure.
Gemini is another name you should consider. It has a similar structure to Coinbase and has a lot of extensibility.
The third option we would consider is Binance. It has a high volume of cryptocurrencies, and a minimal trading charge (upon which offers and discounts can be applied).
OTC trading is also possible via Binance. But despite the large volume, it falls short. Also, you may encounter issues regarding trading margins.
Kraken is one of the sophisticated exchanges out there. It offers trading features, which may appeal to both advanced and new users. It is also quite secure, compared to others.
But it can be complicated for new beginners. Any of these exchanges will be an excellent choice for beginning cryptocurrency trading. And you can choose other exchanges as well.
If you want to learn more about these exchanges, then you must refer to AtoZCrypto.org.