Last Updated on May 31, 2022 by Maria James
There are a few popular crypto exchanges in the market that are known not only in the countries they are based in but all around the globe. These exchanges are known for their outstanding features and services that are offered to both novice parties and experts. However, even though they are well-known, it is not necessary that they match your criteria and trading requirements as a beginner too. This is why it is important that you take your time and learn about different platforms before you choose one and start buying or trading crypto.
As a beginner, whether you are looking to buy crypto or trade it, it is also important that you know what kind of exchange you are looking for. The platform you choose should offer a high level of security, have a fair fee structure, offer impressive customer support and more.
Therefore, here are details of some of the top 10 crypto exchanges you should know as a new crypto investor.
Popular Crypto Exchanges – Phemex Exchange
One of the most well-known cryptocurrency exchanges in the market is the Phemex exchange. This platform is one of the most advanced Bitcoin derivatives exchange and uses leading-edge technologies to make it suitable for new and experienced traders and investors alike.
The Phemex exchange is also popular in the market, thanks to the fact that it caters the needs of institutional-level traders as well.
Since its establishment, this platform has received ample support from all over the globe and has seen substantial growth. A great number of crypto traders opt for this platform as it offers benefits such as sign-up bonuses, low and transparent fee structure and a lot more.
The Bybit exchange is one of the most popular crypto exchanges in the market and is known not only among the experienced traders and investors but also the ones who are new to the crypto space.
This exchange was established in 2018 and quickly grew to become one of the most prominent platforms. The reasons for its success and popularity are many and if they also match your criteria and requirement then the Bybit exchange can be a suitable exchange for you to use.
This is one of the popular crypto exchanges because it offers impressive features such as 24/7 customer support, user-friendly interface, no system overloads, high level of security and a lot more.
Another major aspect of this exchange is that it supports leverage trading and offers one of the highest leverages, which is up to 100x.
If you use Bybit, you can deposit digital assets including Bitcoin and other altcoins and then trade them. The security offered by the platform is validated by the fact that it requires users to complete the KYC verification process.
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One of the top 10 crypto exchanges you should know about as a beginner is PrimeXBT. This is a powerful and versatile crypto trading platform. That is quite suitable for people who are new to the crypto space.
This exchange was established in 2018 and is now one of the leading crypto exchanges in the world. This platform also offers support to leverage trade and offers leverage as high as 100x.
One of the most unique and distinctive features of the PrimeXBT exchange. That it has a feature for novice crypto traders, called the Covesting feature.
This feature allows copy-trading which enables the novice traders to automatically copy the trades of experts. This makes it easy for new traders to trade without keeping a constant eye. The market movement, trends and more.
The FTX exchange is another one of the popular crypto exchanges that is a powerful crypto trading platform as well. This platform is relatively newer than other exchanges but stands out among the rest for a number of reasons.
One of the important features of the exchange is that it requires. The users to complete KYC verification, which strengthens the security of the exchange.
Binance is the largest crypto exchange in the world and is also one of the most popular crypto exchanges. It is well-known among the crypto investors. The traders as it offers support to unique and distinctive features. Such as staking and dark pools.
Features such as these make it stand out among other crypto platforms. And make it one of the top options for many crypto investors and traders.
The Binance exchange is also known to be one of the cheapest crypto exchanges in the market. It have a wide user-base and good reputation.
And services that grab the eye of a large audience. However, the features offered by these platforms do not necessarily match your criteria. Which is why you should know.