The best cryptocurrency exchanges by fees: An expert's opinion
Cryptocurrency exchanges are the ones that allow people to transact cryptocurrencies efficiently. For today, this is our top cryptocurrency exchanges list. As the cryptocurrency market is a volatile place, the rankings of cryptocurrencies differ by several factors. Similarly, cryptocurrency exchanges are also ranked based on several factors. The rankings can change, so, it's essential to check the top cryptocurrency exchanges list. By recent statistics, we have more than 300 cryptocurrency exchanges, most of them have apps, some may not have these applications. These mainly operate in two ways, first, centralized, and second decentralized. In a centralized cryptocurrency exchange, the exchange owns the controlling key factors. In a decentralized exchange, crypto wallet keys are used to control the assets. Our latest blog discusses the latest rankings, based on fees. The first one is Binance, with varying cryptocurrency charges (0.750 to 0.50 both for makers, and takers) on the trading volume between (50 and 1500 BTCs). The cryptocurrency exchange supports more than 100 cryptocurrencies and is ever-expanding. The platform supports two-factor authentication, a sureshot way of ensuring security and authorization. It comes with numerous charts and analytics, thus making it easier for people to trade. Binance supports multiple payment options, such as debit and credit cards, and bank transfers. The second cryptocurrency exchange is Bisq, which comes with software applications for desktop, iOS, and Android. The best part is that it's decentralized, and allows peer-to-peer transactions. The exchange accepts different payment options, including BTCs. For 1 BTC, you (a trader) may have to pay 0.10%. If you are buying, then you will have to pay 0.70%. Unlike other cryptocurrency exchanges, this one does not KYC for identification. It cannot process huge transaction volumes and may slow down at times.
The third one on the list is Kraken and is considered the best among the bunch. It has an extensive list of supported cryptocurrencies (40, not excluding BTC). By volume, it can come among the top 5 largest crypto exchanges. The fees is quite low, (0.10% to 0.16%) for handling $0 and $500,000 (the daily limit cap is at $100,000). Kraken also comes with an app and has all the services and tools of Coinbase. It allows customers to use MasterCard, wire transfers, and bank transfers. However, it does not support social trading or copy trading. The fourth one is Coinbase and is the most one in the United States. It has all the necessary licenses and permits to operate in most countries. This one is preferred by many cryptocurrency users, because of ease of usage. It supports different cryptocurrencies, but it may not be as much protected as initially thought. So, be sure before investing in any asset on this platform. The trading charges can vary ($0.99 to $2.99), and it depends on the current dollar value. Coinbase is the most welcoming to newbies, let's just get it out there for you. These are our choices for our customized top cryptocurrency exchanges list. And they are the most trusted out of all of them. There is much more to explore, and we will do that in our next episodes.