After Bitcoin rose from $1,000 to $4,800 in less than 2022, even those who have not recently heard anything about blockchain technology are thinking about making money on cryptocurrency.
Cryptocurrency exchanges
December 29, 2017
After Bitcoin rose from $1,000 to $4,800 in less than 2022, even those who have not recently heard anything about blockchain technology are thinking about making money on cryptocurrency. Along with Bitcoin, the value of many altcoins began to rise, which no one knew about just yesterday. Moreover, in one day the price of a coin unknown in wide circles can jump by 1000% only on rumors that it will now be used, for example, in the calculations of a large bank. For any type of work with cryptocurrency, it is impossible to do without a cryptocurrency exchange, the choice of which is the subject of this article.
If you mine any cryptocurrency or want to make money on the growth of crypto and become one of those millionaires whose stories are replete with the Internet, then in any case you cannot do without the services of cryptocurrency exchanges. How to choose the right exchange? Each of them has many criteria, only by understanding which will you understand which exchange is right for you. Our portal has also created a list of the best cryptocurrency exchanges, taking into account many parameters.
Cryptocurrency exchanges. The best: ranking 2022
Earning money from HYIPs gives excellent and quick profit, but the portfolio must also contain other instruments. You can diversify through the currently popular trend of trading on cryptocurrency exchanges. Crypto trading brings in cosmic interest rates, and I decided to keep up with this trend. I present to you an overview of the best exchanges for trading digital money.
So, cryptocurrency exchanges .
We have all heard about stock trading and know that it really makes money. At the same time, many believe that this activity is only for respectable businessmen and millionaires, but this is far from the case. Anyone can trade and make money from trading – and you don’t need large sums of money for this. This opportunity is provided to us by cryptocurrency exchanges.
Cryptocurrency itself is a very profitable asset. It is easy to sell and convert into any other currency – be it fiat or digital. But the most important thing is that the crypto rate is very volatile and can even jump in different directions within an hour - this makes it possible to make great money on speculation. In order for this earnings to be as large as possible and for the investor to feel secure, it is necessary to choose the right exchange for trading. There are a lot of them now - for every taste and color. But, unfortunately, not all of them are equally good - some will bring losses rather than earnings.
When choosing a cryptocurrency exchange for trading, pay attention to the following nuances:
- Daily turnover - the more money is circulated on the exchange per day, the greater the prospects for making money on it. A platform with a turnover of $100 per day will not bring you $1000.
- Number of cryptocurrencies - the more trading pairs are offered, the more tools you can use to make money. It makes sense that the greater your investment options, the more profit you can make and the more effectively you can diversify.
- The work of the support service - if the administration of the exchange is too slow and takes weeks to review received tickets, then if problems arise, you will wait a long time for your money. And in the meantime, you could make money from them.
- Analytical tools - a trader cannot invest at random - he needs to analyze the market situation. This can be done by charts, order book, trading history, etc.: the more convenient it is for you to read them, the more comfortable it will be to use the exchange.
There are very, very many trading platforms where a trader can make a profit. Some of them are so primitive that it is better for an investor to avoid them; others look decent, but their earnings are meager. As for me, if you trade, then on the largest exchanges, because it’s not for nothing that they are popular. But, unfortunately, even large exchanges have both their advantages and disadvantages - it is better to know about them in advance.
Cex.io
Go – https://cex.io
Country: UK
Domain registration date: June 30, 2013
Until 2015, the Cex.io cryptocurrency exchange was a platform for cloud mining. After retraining as a digital currency exchange and trading platform, the exchange registered with FINCEN and tightened identity controls. So the main principles of Cex.io policy are AML (anti-money laundering) and KYC (know your customer).
Advantages of the exchange:
- convenient Russian-language interface with manual configuration;
- availability of chat;
- a wide selection of payment systems for depositing and withdrawing funds;
- possibility of using fiat money;
- margin trading;
- commission is lower than the market average;
- automation of operations (except large ones);
- fast exchange process (on average 5 minutes);
- 24/7 support service (mail and telephone);
- server security;
- 2FA, API capability;
- Availability of applications for Windows, Android and IOS.
Disadvantages of the exchange:
- emphasis on operations with BTC;
- lack of an affiliate program;
- high fees for input/output;
- If there is a heavy workload, it may take a long time to withdraw funds.
Cryptocurrency exchange Poloniex
The most popular exchange in the Russian-speaking market, which has recently lost some ground. If earlier the exchange was respected and revered, as a result of which it was at the very top of the TOP, today it occupies only 5th place in terms of capitalization. The daily turnover on Polonics is about $347 million, and transactions, in most cases, are carried out with ether. Perhaps the reason for the loss of interest of some users in Poloniex was the new rules of the exchange, according to which it agrees to work only with citizens of those countries that are not subject to US sanctions. Traders were also not pleased with the news that now all participants who use the exchange automatically refuse to file class action lawsuits.
Yes, Polonix has some disadvantages, but they are not so significant. For example, the administration may require verification of any user, otherwise you will not withdraw money. In addition, many users complain that during pumps the site often freezes - they say that the exchange administrators themselves are trading. However, the list of advantages is much longer:
- many trading pairs, about 90;
- convenient tools for trading and analysis;
- high level of security;
- low commissions (from 0 to 0.25%).
Bitfinex
Go – https://www.bitfinex.com/
Country: Hong Kong Special Administrative Region of the People's Republic of China
Domain registration: 10/11/2012
Cryptocurrency exchange, one of the five largest platforms for exchange and margin trading of top digital cash. Bitfinex provides consistently high trading volumes, offering both margin trading and trader trading.
The exchange operator, iFinex, is very strict about security, especially after the increasing number of hacker attacks, so depositing and withdrawing funds requires complex personal identification.
Bitfinex is multilingual: the user can choose from three languages – Chinese, English and Russian.
Advantages of the exchange:
- convenient customizable interface;
- trading through special applications for IOS and Android;
- high liquidity;
- multifunctionality;
- availability of the most popular and sought-after coins on the site;
- loan possibility;
- a large number of orders;
- account integrity control;
- multilingual.
Disadvantages of the exchange:
- complex verification with the provision of documents in English;
- commission for depositing or withdrawing in USD is at least $20.
If you have not yet found where you can quickly, reliably and with maximum profit exchange bitcoins and fiat currencies, then the article “The best cryptocurrency exchangers, rating list of 2022” .
Bitrix - cryptocurrency exchange
Another popular American exchange that is in the TOP is BITTREX. The site is noted for being very generous with users, and the support service is extremely prompt and correct. The trading platform did not disappoint in terms of security: cold storage of coins led to the fact that the exchange was not involved in any scandals with hackers and thefts. Otherwise, everything is also quite decent:
- two-factor authentication;
- commission, like others - 0.25%;
- about 260 trading pairs;
- daily turnover $296.6 million.
Cryptocurrency exchange Kraken
Kraken is one of the most popular crypto exchanges in Europe and can be called an old-timer in the market, operating since 2011. The daily turnover of the exchange fluctuates around $330 million and Ethereum is also highly respected there. By the way, the platform does not offer so many trading pairs, about 56, but this arsenal is quite enough to successfully trade and earn money. In general, we can say that Kraken has very few negative reviews, has not been involved in scandals, and therefore its reputation among the cryptocurrency exchange is almost impeccable.
Among the advantages we cannot fail to mention:
- high level of security;
- commission from 0 to 0.26%;
- the site is constantly developing and improving;
- two-factor authentication;
- Convenient tools available.
OKCoin
Go – https://www.okcoin.com/
Country: China
Domain registration: 11/01/1999
OKCoin Exchange, founded in 2013 in Beijing, has recently grown significantly in sales volume and its own status. The platform specializes in classic proven coins - Bitcoin, Ethereum, Ethereum classic and Litecoin, and recently added Bitcoin cash to them. OKCoin has repeatedly stated its claims to the status of an international platform, but no others have been added to the Chinese and English interface.
Advantages of the exchange:
- high trading volumes;
- the possibility of margin trading with the provision of leverage;
- instant access to your personal account via QR code;
- quick exchange and withdrawal of BTC to USD;
- availability of convenient applications for PCs based on Mac and Windows, as well as mobile devices on the IOS and Android platforms;
- availability of summary tables and graphs on the website;
- SMS verification and two-factor authentication;
- positive business reputation.
Disadvantages of the exchange:
- limited number of trading pairs;
- verification that deprives users of anonymity;
- daily restrictions on deposits and withdrawals of cryptocurrencies;
- lack of Russian-language interface.
Yobit cryptocurrency exchange
Yobit is popular due to the fact that it represents a huge number of trading pairs - about 400! Due to the fact that it presents unique coins that you will not see anywhere else, Yobit is called a cryptocurrency dump, and someone, without finding words, calls it a coin graveyard. The fact is that many cryptocurrencies start here and, if they are not promoted properly, then they do not go anywhere further than this exchange. On the other hand, we all know how sometimes it is profitable to invest in a coin at the start - this promises big profits.
Yobit offers:
- daily turnover of $15 million;
- commission no more than 0.2%;
- two-factor protection;
- free coins (a kind of crypto faucet);
- gambling entertainment for cryptocurrency.
EXMO
The Exmo exchange also occupies a leading position in the cryptocurrency market, with a daily trading volume of 1451 BTC. The exchange allows you to trade both cryptocurrencies and fiat ones (euro, dollar, ruble, hryvnia). At the same time, the Ukrainian hryvnia works only in pairs with Bitcoin, which, compared to the ruble, limits the possibilities of Ukrainian users.
Verification is not necessary for most operations, but if you want to withdraw money via bank transfer (SEPA/Wire Transfer), payment systems OKPAY, Neteller, or withdraw USD and EUR to a bank card, you will have to go through three-level verification.
The exchange allows you to flexibly customize the display of currency pairs, and also conducts fast exchange transactions at a reduced rate.
The commission for trading operations is 0.2%, and there is a system for returning part of the commission subject to an increase in trading volume. The Exmo exchange allows you to withdraw rubles to Yandex.Money accounts (2% commission), Paypal (3%), Visa/MasterCard (3% commission + 7.5 USD), Webmoney (2%) and other offshore card accounts (AdvCash, Perfect Money) .
Hryvnia is withdrawn to Visa/MasterCard (3%), AdvCash (0%), while the Privat24 method, popular in Ukraine, is not available.
Eksmo - cryptocurrency exchange in Russian
I couldn’t help but remember an exchange called Eksmo, which is popular because it has a Russian translation. Only because of Russification and the ability to trade rubles, the exchange is of interest in the CIS countries, but as for me, there is nothing special to gain here. During the day, transactions with a total value of $5 million take place on the exchange, and there are only 24 trading pairs. There is nowhere to roam!
If you read the article and decided to choose an exchange for trading, then this is fundamentally the wrong decision. To trade and feel safe, you need to diversify your bank among several exchanges. Cryptocurrency exchanges, like HYIPs, sometimes turn into scams. A striking example of this is the recent closure of the large BTC-e exchange, which no one expected. Therefore, register on several sites at once and then feel free to make a profit!
Binance Jersey exchange
Binance recently launched a new crypto-to-fiat exchange.
This new exchange, aimed at European and British traders, allows you to exchange cryptocurrencies for pounds sterling and euros. Initially, only four pairs were available for exchange , now there are ten:
- BTC/EUR and BTC/GBP
- LTC/EUR and LTC/GBP
- BCH/EUR and BCH/GBP
- ETH/EUR and ETH/GBP
- BNB/EUR and BNB/GBP
These are the fees on Binance Jersey:
On both Binance and Jersey, deposits and withdrawals are completely free.
