Top 10 Best Cryptocurrency Exchange Platforms in 2020

In this modern world, cryptocurrency has become one of the hottest topics. It uses a distributed computerized digital cash system, and like other transaction systems, you need a bank account while adequate balance is fundamental for trading. To prevent double spending or to solve the problem of repetitive use of the same entity, each activity is checked and confirmed by the miners. Miners take exchanges, stamp them as authentic, and spread them in the system. Several reliable cryptocurrency exchange platforms are available for selling or buying cryptocurrencies.

Best Cryptocurrency Exchange Platforms

Cryptocurrency exchanging platforms refers to some specific websites that allow selling, buying, or trading cryptocurrencies for digital and other conventional currencies like Euro and USD. In this article, we are discussing the top 10 best platforms for cryptocurrency trading. 

1. Binance

If you want to indulge yourself in one of the most demanding cryptocurrency exchange platforms, at that point this is the stage you may be keen on.Regardless of whether you are a beginner in this sector, stage will manage you to become an expert through its multi-dimensional UI and creative framework.

Insights of this Platform

  • Capable of processing 1,400,000 orders per second, which makes it the most powerful world-class matching engine.
  • Separate functions for client management, data management, and application processing make the system handier.
  • For guaranteeing security, the multi-layered methodology and grouping strategy is working behind the exchanging procedure
  • Mobile applications alongside separate desktop applications for windows and mac are also available.
  • Start your crypto exchanging platform or market place by integrating the open-source API.

2. Zebpay

India's #1 destination to buy cryptocurrencies. ZebPay has served over 3 million crypto users across the globe on its robust web and mobile platforms. ZebPay is back in India with new crypto-crypto and crypto-INR trading pairs. Now you can Buy, Sell and Trade cryptos stress-free on our incredibly secure platform.

Insights of this Platform

  • Crypto-Crypto Trading : Trade across 5 crypto-crypto pairs including Bitcoin, Ether, Ripple, Tether and TrueUSD
  • Lightning Payments : Now, make payments on the Bitcoin Lightning Network with ZebPay
  • Enhanced Security Controls : Robust security measures include controls to disable all outgoing transactions with 'Disable Outgoing Transactions' feature
  • Trade Across Devices : From small screens to big, we've got you covered
  • Robust API. Endless Possibilities : Use our 'Build' platform to unleash your creativity
  • World Leading Security : Multi-Sig & Multi-Geo Authentication for Cold Wallets,Proprietary Multi-Layered Security Protocols and Stringent Compliance & Regulations

3. Bitfinex

At the point when we are discussing cryptocurrency trading platforms, Bitfinex is a must mentionable one. It has an advanced list of tracking the interested sellers and buyers for a specific money related instrument. Eight variations in order typeset for all scenarios set this platform apart from the most trading platforms out there. In addition, you just need a cell phone to turn into an authorized trader.

Insights of this Platform

  • Bitfinex has an intelligent UI, and existing demos help clients to become accustomed to the platform
  • Supports almost all the cryptocurrencies that include Bitcoin, Ethereum, Monero, Dash, EOS, Litecoin, Ripple, Tether, NEO, and all the types of your digital asset.
  • Bitfinex leverages your trading to get the most ideal rate at that particular time.
  • Through their peer to peer exchanging platform, you can scale your portfolio and attract the trade demanders for your digital assets.
  • Offer five others order types along with the three most basics which are limit order, market order, and stop order.
  • You won't have to deposit any amount of money for crypto, in spite of the fact that the site has just been hacked previously and the security of this stage is faulty

4. Changelly

It is an extraordinary crypto exchanging platform on the off chance that you would prefer not to uncover your identity on the web.You can exchange your digital asset using just an email, and there is no need to submit any government-issued ID. Besides, the advanced platform has also enhanced the experience for the investors and traders.

Insights of this Platform

  • It asserts customers from everywhere throughout the world, which makes it all-inclusive. Also, the capacity to change over both Bitcoin and Altcoin makes it all the more remarkable.
  • Changelly can likewise work as a gadget, and you can utilize it on different applications for empowering clients to convert their cryptocurrencies. 
  • Clients get a full freedom on the off chance that they need to start any exchanging in light of the fact that there is no minimum or maximum limit. 
  • Mobile responsive websites alongside android & ios applications permit users to track their transaction on the go.
  • This platform emphases security and none of the funds are accessible online instead of in the user’s wallet.

5. Bittrex

Bittrex is one of the most elevated level cryptocurrency trading sites. It is using cutting edge technologies for bringing revolution by increasing the demand for cryptocurrency around the world. It centers around limiting the hour of the exchange, and security is likewise referenced.It has an objective to change the method for goods for merchandise utilizing this imaginative innovation.

Insights of this Platform

  • Consolidates cross-sectional layers close by enhancing security plans, which makes it an  effective and reliable platform.
  • Generates dynamic API, and algorithmic trading makes it usable for integrating third-party trading platforms. 
  • The scalable engine guarantees the base time with the goal that each exchange can be finished progressively.
  • As an innovative blockchain project, it focuses on anti-money laundering  that has an objective to expand the adoption of cryptocurrency globally.
  • It has a modernized way to deal with recording the information of token requests, and digital wallets are additionally accessible for instant exchanging.

6. Poloniex

Poloniex is a quickly growing cryptocurrency exchange platform that has nearly multiplied the quantity of its clients and monthly traffic. Highest exchanging volume for altcoin has made it famous among the traders and investors. You can transact almost any cryptocurrencies and lower trading fees is also well-known, which is below 0.20%.

Insights of this Platform

  • You can exchange a wide range of digital assets from BTC and ETH to altcoins and stable coins to put resources into innovative projects and accomplish goals. 
  •  Has a goal to spread the necessity of becoming a part of the financial revolution by promoting cryptocurrency through the use on the go platform.
  • Uses the algorithmic approach to initiate trading and mix with researched strategies for providing a competitive advantage.
  • An enormous number of sets among the main cryptographic money exchanging sites are supported while strict security remains focused. 
  • Stores the maximum amount of data offline and attempts to store the specific measure of assets required to guarantee consistent exchanging.

7. CEX.IO

As a platform where more than 3,000,000 happy customers take part in crypto trading, it has just earned individuals' trust and become a reliable platform for exchanging bitcoins. If you want to deposit funds for selling or buying bitcoins or digital currency using Visa/Mastercard, then this platform is suitable for you. 

Insights of this Platform

  • It has an advanced trade engine which supports order listing algorithms to process high-volume orders in real-time.
  • Unique security protocols for example, DDoS attacks, full data encryption, compliant with PCI DSS standards are incorporated for strong security. 
  • It protects traders from experiencing the impact of negative balance and boosts the performance of trading up to 10x.
  • It permits clients to check their balance and exchange history using their record and gives transparency while creating reports.
  • This platform highlights high liquidity, execution in the minimum time, and less spreading that help to combine up with the top monetary forms. 
  • Competitive strategies and different price plans for market makers and traders make it an elite cryptocurrency exchange platform.

8. Coinbase

Coinbase can be referred to as the best crypto exchanging platform as it is one of the biggest bitcoin trading sites. It is trendy because of its liquidity and security. As a significant bitcoin broker, it likewise has highlights like wallet, API for developers to connect third-party apps, and trading.

Insights of this Platform

  • This platform is simple and easy to understand. It is designed to make it easy for the newcomers getting used to the concept of Bitcoin.
  • This stage is straightforward and straightforward. It is intended to make it simple for newcomers to become accustomed to the idea of Bitcoin. 
  • You can pay with the most well-known payment strategies like visa and Mastercard
  • If anyone wants he/she can buy Bitcoin using a credit card as a backup although there is a buying limit.
  • Despite the fact that it deals with a tremendous client base, it can even now process your exchanges in a very short time.
  • An extremely high purchasing limit and relatively low fee increment its proficiency for the clients. 
  • Coinbase offers a digital wallet to store your assets and deposit boxes, and vaults are used to store reserves.

9. Kraken

Kraken is one of the best cryptocurrency trading sites for beginners. Kraken will manage you to get used to cryptocurrency and become an expert as well. This platform focuses on highlighting the ever-changing way of how people understand money and finance.

Insights of this Platform

  • A useful platform for both experts and newcomers. It offers simplicity and portfolio management to monitor your profile. 
  • Focuses on ensuring the highest quality safety and security for the digital platform for its clients to prevent any fraudulent activity.
  • To keep up a familiar and immaculate communication with the clients, it offers 24/7 availability through their global support.
  • Kraken has propelled highlights to list your monetary assets. You can even settle on choices for enhancing your portfolio and discover a financial specialist pair. 
  • For the investors, this platform handles capitals by their exclusive solution that offers help for every estimated financial specialist. 
  • Over-the-counter trading helps you to grow as an investor as an investing solution; Kraken has competitive pricing plans and a flexible process.

10. LocalBitcoins

LocalBitcoins is an excellent platform if you want to buy or sell bitcoin at a specific rate that is completely controlled and set by you. It naturally identifies the area of an individual and shows the current rate of different cryptocurrencies in his/her currency.  This platform also allows payment through local online payment gateways.

Insights of this Platform

  • The process is direct. From account creation to a digital wallet, all the steps can be done within a few minutes.
  • You can purchase or sell your digital assets by meeting the trade partner at this platform human to human communication.
  • Posting an advertisement is made enjoyable through the intuitive platform offered by LocalBitcoins.
  • Supports a wide range of payment methods, although the exchange rate is pretty high.
  • Keeps up security with modern methodologies, P2P systems, and community-focused culture.

Finally, The Insights

Cryptocurrency is going to replace traditional currency soon. As a result, demand and price are going higher day by day. On the off chance that you are not common with the idea of cryptos yet, this is high time to begin your journey. To start the most recent highlights with the digital currency trading platforms, you should pick a good platform. 

You can begin exploring with any of the described cryptocurrency exchange platforms above. Exchange rates, payment methods, deposit types, account management, and security are the issues you should remember while picking the cryptocurrency exchanging site that suits you best.

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