Binance Exchange
Binance is seen as the biggest crypto exchange at the time of writing this article post with a lot of users around the world. Binance is one of the world's largest cryptocurrency exchanges, boasting low fees, access to hundreds of cryptocurrencies, and advanced features for experienced investors. However, Binance is not available to U.S. customers -- if you live in the U.S., you'll need to use Binance.US, though it does have less functionality. Read our full Binance review to determine whether it's the right trading platform for you.
Binance supports more than 400 crypto assets and is seen as one of the highest liquidity exchanges. Currently, Binance only charges its user about 0.1% of transactions and this is really low comparing to other exchanges. Binance App is also appreciated by its users as it brings good UI/UX for its users around the world. In terms of Customer Service, it is also highly appraised by user community comparing to other exchange services. One very important thing is that Binance remains a Secure Asset Fund for Users (SAFU) in case of asset losses due to incident hackings or system damages. Also, Binance has its own native coin which is Binance Coin (BNB) and served in Binance Smart Chain as eco fuel.
Binance also offers various ways to earn passive income, with varying degrees of risk. You can earn up to 30% APR on certain cryptos in its staking program, or put assets into a flexible savings account for lower but more consistent rates. More advanced investors might try to earn income via adding liquidity on pairs of tokens, but it's important to understand the risks involved before jumping in.
The registration link for new users: Binance Exchange
Gate.io Exchange
Top global cryptocurrency exchange with over 1400 digital currencies.
Established in 2013, Gate.io is one of the pioneering cryptocurrency exchanges in the world and offers services related to the trading of multiple leading digital assets. With over 10 million registered users, it is considered as one of the safest and most reliable global cryptocurrency platforms and is consistently ranked among the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. Gate.io has been verified by Blockchain Transparency Institute’s (BTI) market surveillance report and was also rated 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021.
Gate.io offers one of the biggest selections of crypto assets as well as other services beyond its centralized cryptocurrency exchange, such as decentralized finance, research and analytics, venture capital investing, wallet services, and more.
The registration link for new users: Gate.io exchange
KuCoin Exchange
KuCoin is a well-known name in the crypto industry as it managed to establish itself as a prominent one-stop shop for all sorts of crypto operations. Launched in August 2017, the exchange has over 200 cryptocurrencies, more than 400 markets, and has grown into one of the most colorful crypto hubs online. It offers bank-level security, slick interface, beginner-friendly UX, and a wide range of crypto services: margin and futures trading, a built-in P2P exchange, ability to buy crypto using a credit or debit card, instant-exchange services, ability to earn crypto by lending or staking via its Pool-X, opportunity to participate in fresh initial exchange offerings (IEOs) via KuCoin Spotlight, some of the lowest fees in the market, and much more! Investors like KuCoin due to its tendency to list small-cap cryptocurrencies with tremendous upside potential, a large selection of coins, lesser-known cryptos, and generous profit-sharing incentives - up to 90% of trading fees go back to the KuCoin community through its KuCoin Shares (KCS) tokens.
There’s one huge caveat you need to understand before you even think about opening a KuCoin account: KuCoin is not licensed to operate in the United States. This does not mean you are unable to use KuCoin in the U.S., although it does make using this platform more complicated and risky. Only advanced U.S. traders who want access to coins or trading features unavailable on other exchanges should consider KuCoin.
KuCoin’s trading fees are very competitive, on par with industry leader Binance.US. What’s more, investors can receive a discount based on their average monthly holding of the platform’s native token, KCS, or their previous month’s trading volume. They can slash fees even further—by another 20%—if they pay using KCS.
KuCoin offers its own coin, KuCoin Token (KCS), which runs on the Ethereum network. Owning KCS lets KuCoin users receive trading fee discounts, and they are also entitled to sharing in a percentage of KuCoin’s trading fee revenue every day. To be eligible, users must hold at least six KCS tokens. While KCS is undoubtedly one advantage of using the KuCoin platform, it’s still important to note that KCS is itself a volatile crypto and that you are not assured a stable coin value.
KuCoin also allows users to lend their crypto holdings to other would-be margin traders. Interest rates and term lengths vary by coin. Crypto lending is not, of course, without its risks. While the loans are collateralized and the recipient must maintain a certain balance, price dips may cause unexpected losses. KuCoin automatically enacts margin calls that replenish your loaned coins if a recipient’s account dips below 97% of their borrowed balance. If they are unable to fully repay you, KuCoin’s insurance covers the difference, though the platform notes in the terms that this is not guaranteed to fully cover any losses.
KuCoin’s Trading Bot allows users to automate their crypto trading by programming actions that automatically execute when conditions are met. You can use this for everything from rebalancing your portfolio when your asset allocation goes askew to programming guardrails for it to take advantage of price fluctuations in your absence.
The registration link for new users: KuCoin exchange
OKX Exchange
OKX was founded in 2017 and maintains a headquarters in Seychelles, with additional offices around the world. According to CoinMarketCap, OKX is the 18th largest cryptocurrency exchange in the world by volume.1 The site claims over 20 million users in more than 100 countries. They don’t take users from the United States due to regulatory and compliance concerns.
If you’re in an area that works with OKX, you can create an account that gives you access to trade 343 spot currencies. OKX also supports margin borrowing, earning cryptocurrency through staking and savings, cryptocurrency-backed loans, and advanced products, such as mining pools and its own blockchain, called OKExChain. OKX could work as an exchange you use in addition to a third-party cryptocurrency wallet or your primary place for crypto-related activities.
OKX is a cryptocurrency company offering a crypto exchange and a suite of additional services. The Seychelles-based exchange is widely available to users worldwide but notably not available in the United States. OKX may be a good choice for global cryptocurrency traders looking to buy and sell with low exchange fees.
With an account at OKX, you can easily buy crypto using a card, bank account, or mobile wallet. It also offers exceptionally high yields in some cases when participating in staking or saving features. While it’s not the biggest cryptocurrency exchange on the block, it does a good job of supporting a large number of currencies and a wide range of services. If you’re looking to manage your cryptocurrency activity with one login, OKX could meet your needs.
Advanced traders will likely prefer the active trading platform with support for market, limit, and stop orders; the open order book for supported currencies on the OKX exchange; and flexible market charts. Once logged in, users can customize layouts for various needs.
The registration link for new users: OKX exchange
