Best crypto exchange | Top 10 cryptocurrency exchanges in 2021
Tags: coinmonks, ethereum, trading, bitcoin
Published: 2021-02-02 05:40:32

---
title: Best crypto exchange | Top 10 cryptocurrency exchanges in 2021
published: true
date: 2021-02-01 19:40:47 UTC
tags: coinmonks,ethereum,trading,bitcoin
canonical_url: https://medium.com/coinmonks/crypto-exchange-dd2f9d6f3769
---

![](https://cdn-images-1.medium.com/max/1024/1*VT0xdzFutrBsH9Strl9maA.png)

Crypto trading on the cryptocurrency exchanges requires knowledge about the market, which can help you gain profit. Before getting started with your trading journey, first, you need to know what cryptocurrency is?

### What is cryptocurrency?

Cryptocurrency is a new asset class that only exists digitally and is powered by blockchain technology. You can trade cryptocurrencies like stocks and commodities.

No central authority issues a cryptocurrency. [Blockchain](https://blog.coincodecap.com/what-is-blockchain-a-simple-guide-for-dummies) helps in recording and managing transactions. It is also the technology that gives birth to cryptocurrency.

All the records are secured and stored in a distributed ledger using robust cryptography.

Now that you know what a cryptocurrency is, you need to know where you can use a cryptocurrency to profit.

### What is a cryptocurrency exchange?

To put it simply, a crypto exchange allows you to buy and sell crypto assets.

Cryptocurrency exchanges facilitate users to trade assets by acting as an intermediary. And earn profit through transaction fees.

In this article, we will look into the top 10 cryptocurrency exchanges based on multiple parameters.

### Summary

![](https://cdn-images-1.medium.com/max/1024/1*zicaG3qlaE1PtH-LbeRmNw.png)

### 10 Best Crypto exchanges

To invest in the crypto market first, you need to know about various crypto exchange platforms providing their services. Hence let’s list out the ten best cryptocurrency exchange platforms.

### 1. Binance

#### What is Binance?

‘Binary + Finance’ are the two words that make Binance. [Binance](http://blog.coincodecap.com/go/binance) is a crypto exchange that provides a trading platform and various cryptocurrencies related services.

![](https://cdn-images-1.medium.com/max/1024/0*lZuA_tfweg9XI7_G.png)

In January 2018, [Binance](http://blog.coincodecap.com/go/binance) stood as the world’s largest trading exchange in terms of volume. It is 2021, and this exchange platform has still managed to maintain its position on the top.

[Binance](http://blog.coincodecap.com/go/binance) not only provides trading services but also [help users educate](https://academy.binance.com/en) about Blockchain and crypto education.

#### Where is Binance located?

The origins of [Binance](https://www.binance.com/en) go into China, although they had to shift their company because of the Chinese government’s ban on cryptocurrency. Binance currently operates from Japan.

#### Spot and Margin trading at Binance

**Spot trading:** [Binance](http://blog.coincodecap.com/go/binance) offers various features in spot trading. Users can choose between multiple interfaces, for both beginners and pro traders.

![](https://cdn-images-1.medium.com/max/1024/0*h3VAbR4YYVvQPGUH)

**Margin trading:** It is available for users to trade on the leverage of up to 10x on some available coins.

#### How to withdraw from Binance?

Once you’re a registered user of [Binance](http://blog.coincodecap.com/go/binance) and start trading, you need to make withdrawals at times.

![](https://cdn-images-1.medium.com/max/1024/0*CkcqEzFO41LV3cfB)

Binance allows easy withdrawals after logging into your account, and then you can click on the spot wallet button.

![](https://cdn-images-1.medium.com/max/1024/0*D7nk9hPg3-Gg7mGj)

You’ll have to click on withdraw button for the transaction to process.

#### Binance Fee

Binance charges [0.1% of trading fees](https://www.binance.com/en/fee/schedule) on every transaction. However, they do not charge any fees on deposits and charge 0.0004 BTC for withdrawals.

![](https://cdn-images-1.medium.com/max/1024/0*VF2J1JxlPY00coa8)

Binance offers its users a 25% discount on using Binance coin while trading.

#### How safe is Binance?

[Binance](https://www.binance.com/en) is the largest crypto exchange; hence the security is top-notch. They offer you 24x7 support and process more than 1,400,000 transactions every second.

#### Binance: Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*0zZHombWEF7OWn3Hr4oHgg.png)

Wish to learn how to use Binance or how to trade on Binance? Go check out our ultimate guide on comparing [Binance vs. Pionex](https://blog.coincodecap.com/pionex-vs-binance?utm_source=rss&utm_medium=rss&utm_campaign=pionex-vs-binance).

### 2. Coinbase

#### What is Coinbase?

[Coinbase](http://blog.coincodecap.com/go/coinbase) is one of the most extensive cryptocurrency trading platforms in the world. It is available in more than 100 countries and 43M+ verified users. And it is the most popular crypto exchange in the United States.

![](https://cdn-images-1.medium.com/max/1024/0*MUfaD03jHq0y5nd0.png)

[Coinbase](http://blog.coincodecap.com/go/coinbase) is considered the perfect platform for beginners due to its simple and easy to use interface.

#### Where is Coinbase located?

[Coinbase](http://blog.coincodecap.com/go/coinbase) first came into existence in San Fransisco, California, the USA, in the year 2012. Coinbase still has its headquarters in San Fransisco. However, now it has offices in multiple cities all across the US.

#### How to use Coinbase?

[Coinbase](http://blog.coincodecap.com/go/coinbase) is accessible from any device but is an entire browser-based platform. First, you need to create your account on the trading platform and then deposit the amount to start trading.

When you first log into your account, you will be witnessing an option to buy crypto, which will kickstart your crypto journey.

#### What is coinbase Pro?

[Coinbase](http://blog.coincodecap.com/go/coinbase) is the most popular trading platform in the US. However, it comes with limited features that are beginner-friendly. At the same time, [Coinbase Pro](https://pro.coinbase.com/) offers a robust crypto trading platform.

![](https://cdn-images-1.medium.com/max/1024/0*AlGIIqVyO71mivvF.png)

Once you are ready to do it all on your own, [Coinbase Pro](https://pro.coinbase.com/) offers you an option with lower commission fees. It also has a chance of Margin trading and enables users to place limits, market, and stop orders with a lower commission fee.

#### Coinbase deposits and cryptocurrency support

Coinbase not only accepts cryptocurrencies but allows you to deposit in [Fiat currencies](https://en.wikipedia.org/wiki/Fiat_money). In addition, Coinbase allows you to buy and sell coins from your debit or credit cards or even bank accounts.

#### Coinbase Fee

Coinbase has a very complex fee structure and is also very high if you’re not a [Coinbase Pro](https://pro.coinbase.com/) user. The fee charged by coinbase depends on the value of purchase, payment method, and even location.

Here’s an overview of the fee charged by coinbase in the USA:

![](https://cdn-images-1.medium.com/max/811/0*dpTsoknIYW91knhZ.png)

#### How safe is coinbase?

[Coinbase](http://blog.coincodecap.com/go/coinbase) uses premium security features, and all you need to do is maintain the security from your side. Coinbase offers biometric security, two-step verification, and insurance in case there is a breach at coinbase. However, this insurance is not valid if you perform any act of carelessness.

![](https://cdn-images-1.medium.com/max/1024/0*E9P8Ln_pI_HWDzKa.png)

[Coinbase](http://blog.coincodecap.com/go/coinbase) stores almost all of its users’ funds in cold storage centers and protects them from hackers.

#### Coinbase Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*pAtXwKueonyxloqAYZ8CgQ.png)

#### What is a Coinbase wallet?

Coinbase also offers a crypto wallet to its users. You can know more about it by reading our detailed [review of the Coinbase wallet](https://blog.coincodecap.com/coinbase-wallet-review-the-best-bitcoin-wallet).

### 3. Bityard

#### What is Bityard?

[Bityard](http://blog.coincodecap.com/go/bityard) is one of the world’s best cryptocurrency contracts exchange. With its easy to use interface and instant signup process, Bityard is a beginner-friendly cryptocurrency exchange platform.

![](https://cdn-images-1.medium.com/max/1024/0*L0mFhwNs6DRBnu04)

[Bityard](http://blog.coincodecap.com/go/bityard) is the perfect platform for traders seeking exposure to the crypto market. Because it offers one of the fastest trades to its users. It is also capable of carrying out a million trades in a second.

#### Where is Bityard located?

[Bityard](http://blog.coincodecap.com/go/bityard) came into existence in the year 2019 in Singapore and regulate all its trades from Singapore.

![](https://cdn-images-1.medium.com/max/1024/0*MsUPWeo8sOwF0Iss.png)

However, [Bityard](http://blog.coincodecap.com/go/bityard) provides its services in more than 150 countries, far more significant than many massive trading platforms.

#### How to use Bityard?

[Bityard](http://blog.coincodecap.com/go/bityard) offers one of the most basic and easy to use interface. Firstly, you need to complete your sign up process and then deposit an amount to begin trading at Bityard.

![](https://cdn-images-1.medium.com/max/1024/0*JhaVTjbMG5okANxS.png)

Bityard offers traditional cryptocurrency contract trading as well as copy trading. [Copy trading at Bityard](https://blog.coincodecap.com/bityard-copy-trading) is the perfect opportunity for beginners to learn about the market and develop trading skills.

#### What is copy trading?

Copy-trading allows you to copy the trading strategy of an expert trader. To learn more about copy trading at Bityard, read our [ultimate guide for copy trading at Bityard.](https://blog.coincodecap.com/bityard-copy-trading)

![](https://cdn-images-1.medium.com/max/1024/0*_gJ8jX3t0l5s41jI.png)

#### Bityard deposits and cryptocurrency support

[Bityard](http://blog.coincodecap.com/go/bityard) takes deposits in two significant forms. You can either transfer from your crypto wallet to deposit the funds or use your VISA or Mastercard to buy a USDT.

However, there is a third option available for you if you belong from Mainland China, Indonesia, or Vietnam. [Bityard](http://blog.coincodecap.com/go/bityard) offers to accept Fiat from users of these locations.

#### Bityard Fee

[Bityard](http://blog.coincodecap.com/go/bityard) provides a shallow trading entry that is 5 USDT. Bityard charges a currency exchange fee of 0.05%.

![](https://cdn-images-1.medium.com/max/1024/0*y7NRwqkcWpv4djDj.png)

However, the following formula can determine the opening and closing fee:

(Margin \* Leverage \* 0.05%)

#### Is Bityard safe?

Many of the cryptocurrency contract exchanges fall under a single jurisdiction. However, [Bityard](http://blog.coincodecap.com/go/bityard) is different; it falls under four jurisdictions and is regulated by:

- The American money services
- The MTR of Estonia for EU
- Australia’s AUSTRAC
- Singaporean ACRA

![](https://cdn-images-1.medium.com/max/1024/0*O3MZg5VQYC76A7To.png)

[Bityard](http://blog.coincodecap.com/go/bityard) only stores a small fraction of funds in the wallets. The remaining funds remain in cold storage with optimum security. You also should maintain the security of your account by using two-step verification and keeping your data safe. [Bityard](http://blog.coincodecap.com/go/bityard) helps you avoid phishing attacks as the entire communication is SSL encrypted.

#### Bityard: Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*h4-CkFPMjPJEJlnQx6Ihbg.png)

To know more about Bityard, read our detailed [review of Bityard](https://blog.coincodecap.com/bityard-reivew).

### 4. Huobi

#### What is Huobi Global?

[Huobi](https://blog.coincodecap.com/go/huobi) is one of the earliest crypto exchange platforms in the market providing services since 2013.

A mere three months after its launch, Huobi had a turnover of $4 billion. By 2014, [Huobi](https://www.huobi.com/en-us/) had quadrupled this amount and made a mark on the Asian cryptocurrency market.

![](https://cdn-images-1.medium.com/max/1024/0*6zMSUvHY1HXzhsiy.png)

#### Where is Huobi located?

By the end of the year 2013, Leon Li had the trading platform running in China. However, China banned the trade of cryptocurrency in the year 2017. [Huobi](https://blog.coincodecap.com/go/huobi) shifted its headquarters to Seoul, South Korea, and is still controlling its business worldwide from Seoul.

#### How to use Huobi?

Firstly you’ll need to create your account on [Huobi](https://blog.coincodecap.com/go/huobi), and then you’ll have to complete the KYC verification process.

[Huobi](https://blog.coincodecap.com/go/huobi) is a very advanced platform; therefore, it also offers a virtual interface inclined towards beginners.

#### Huobi Cryptocurrency support and deposits

[Huobi](https://blog.coincodecap.com/go/huobi) accepts almost all cryptocurrencies as a deposit. Besides, Huobi also provides its users with an opportunity to make a deposit using credit or debit cards or even bank transfers.

![](https://cdn-images-1.medium.com/max/1024/0*zb8Ce_9XZ5vn5el5.png)

#### Huobi Fee

Huobi doesn’t have a specific withdrawal fee as they update it now and then according to the market. However, [Huobi](https://blog.coincodecap.com/go/huobi) provides VIP membership that reduces the cost by up to 60%.

![](https://cdn-images-1.medium.com/max/1024/0*iaTI4uJbeZXX41Ua.png)

You can also use [HT token](https://www.coingecko.com/en/coins/huobi-token) to slash the fee almost half by storing them in your wallet and using them while making a trade or withdrawal.

![](https://cdn-images-1.medium.com/max/1024/0*Ls9NyLy670Nf1xRY.png)

#### How safe is Huobi?

The most essential and scary part of centralized exchanges is that they have a chance of being hacked. However, [Huobi](https://www.huobi.com/en-us/) has never lost a single Bitcoin and they claim that your asset is highly secure under their top security. Huobi has recently launched its [user protection funds](https://medium.com/@benchi10/the-huobi-buyback-program-launches-to-protect-users-funds-6243607c8b68).

#### Huobi: Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*U0QGyM8jawEg6EYqTetzOw.png)

### 5. Bitmex

#### What is Bitmex?

Established in 2014, [Bitmex](https://blog.coincodecap.com/go/bitmex) has proven to be one of the best platforms for crypto trading. Bitmex offers leveraged contracts and is a peer to peer trading platform.

Bitmex allows its users to buy or sell assets using [Bitcoin](https://blog.coincodecap.com/a-candid-explanation-of-bitcoin). In addition, Bitmex only handles bitcoins, and all the profit and loss incurred is in Bitcoin. It doesn’t take any Fiat currency.

[Bitmex](https://blog.coincodecap.com/go/bitmex) has no trading limits once the user registration is complete. However, [Bitmex is currently facing a trial](https://www.nytimes.com/2020/10/01/technology/bitmex-bitcoin-criminal-charges.html) in the US and isn’t providing services to US residents.

#### How to use Bitmex?

[Bitmex](https://blog.coincodecap.com/go/bitmex) offers a very outdated user interface. It even feels that the developers forgot to enhance their website after the year it first came into existence. However, it’s still functional and provides all the necessary information.

![](https://cdn-images-1.medium.com/max/1024/0*8nzv398BpiGkjV2F.png)

To trade at [Bitmex](https://blog.coincodecap.com/go/bitmex), you first need to complete your registration. Once you make your very first trade, you can view them through active orders.

Bitmex has designed its interface keeping in mind the requirements of a desktop, and hence you’ll observe the complex screen in front of you when you first visit their website. However, Bitmex is one of the first crypto exchanges to offers 100x leverage trading.

#### Bitmex Fees

[Bitmex](https://blog.coincodecap.com/go/bitmex) doesn’t charge any deposit or withdrawal fee. However, they do charge a minimum Bitcoin Network fee, which is dynamically based on Bitcoin.

Bitmex charges the maker fee, taker fee, and the settlement fee according to the leverage as:

![](https://cdn-images-1.medium.com/max/901/0*600ZHJzsJr8yGuIc.png)

#### How safe is Bitmex?

[Bitmex](https://blog.coincodecap.com/go/bitmex) uses Amazon web services to ensure that the servers are well protected and a variety of security facilities are available. Bitmex takes the security of its users’ assets carefully. To read more about their security, visit [here](https://www.bitmex.com/app/security).

![](https://cdn-images-1.medium.com/max/1024/0*PxsQBvitUMNlQ5GT.png)

#### Bitmex Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*tMQRea-P2znWFpUIdTbwjQ.png)

### 6. Gemini

#### What is Gemini?

[Gemini](https://blog.coincodecap.com/go/gemini) is one of the very few cryptocurrency exchanges regulated in the US. It is governed explicitly by [NYSDFS](https://en.wikipedia.org/wiki/New_York_State_Department_of_Financial_Services). Gemini offers you to trade and store more than 20 most prominent cryptocurrencies. Gemini keeps in mind beginner traders as well as experienced traders. It is one of the few platforms that provides its services based on the investor’s skills.

![](https://cdn-images-1.medium.com/max/1024/0*-3UaxfLfQvFtXFry.png)

[Gemini](https://blog.coincodecap.com/go/gemini) now also offers its **credit card** with a return of up to 3% in bitcoin or other cryptocurrencies.

#### Where is Gemini located?

[Gemini](https://www.gemini.com/) came into existence in 2014 by the creators of ConnectU. Yes, you got it right, the Winklevoss Twins (the predecessors of Facebook). As of now, [Gemini](https://blog.coincodecap.com/go/gemini) is continuously expanding its user reach, specifically in Asia and Europe.

#### How to use Gemini?

When you’ve complete the signup process, you’ll have to fund your account to continue trading. [Gemini](https://www.gemini.com/) offers you a mobile application with a primary user interface.

#### What currency does Gemini accept?

[Gemini](https://blog.coincodecap.com/go/gemini) accepts deposits in almost all the significant digital assets and recently started taking Fiat currency. However, Gemini accepts only USD as a Fiat currency. In addition, Gemini accepts wire transfers from everywhere else and ACH from the citizens of the US.

#### Gemini Fee

[Gemini](https://blog.coincodecap.com/go/gemini) doesn’t charge any deposit fee. Gemini’s current fee schedules are:

- [Mobile fee](https://gemini.com/mobile-fee-schedule/)
- [Active trader fee](https://gemini.com/activetrader-fee-schedule/)
- [Web fee](https://gemini.com/web-fee-schedule/)
- [Transfer fee](https://gemini.com/transfer-fee-schedule/)
- [Custody fee](https://gemini.com/custody-services/#fee-schedule)

The chart below represents the fee charged by Gemini. However, if you need more information, you can visit the links above.

![](https://cdn-images-1.medium.com/max/617/0*Rl6Y7iPlgaE3DGOZ.png)

#### How safe is Gemini?

[Gemini](https://blog.coincodecap.com/go/gemini) offers one of the best securities in the crypto market. It protects your assets from external hacking threats while keeping in mind that you don’t make any human errors. Gemini also adheres to strict rules and keeps your assets unavailable to Gemini’s team to prevent misuse of insider access.

![](https://cdn-images-1.medium.com/max/1024/0*Cn8uOEOjo3aFlLaF.png)

[Gemini](https://blog.coincodecap.com/go/gemini) offers various other features such as Two-factor authentication, [cold storage](https://blog.coincodecap.com/how-to-secure-your-crypto-wallet#Cold_storage), and Hot wallet for easy withdrawal. To know more about their security, you can visit their [website](https://www.gemini.com/security).

#### Gemini Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*vngoQsgunt_kx1nCbJTivw.png)

### 7. Bitfinex

#### What is Bitfinex?

[Bitfinex](https://blog.coincodecap.com/go/bitfinex) is one of the best cryptocurrency exchange platform. It offers its users a peer to peer technology and margin trading for various assets.

![](https://cdn-images-1.medium.com/max/1024/0*8DUdXJbwzRjPJ2Gy.png)

[Bitfinex](https://blog.coincodecap.com/go/bitfinex) is lead by experts having years of experience and thrive every day to provide their users with a platform unlike any other. However, In the year 2015, a hack led to a loss of almost 1500 bitcoins.

#### Where is Bitfinex located?

Bitfinex was founded in December of 2012 and has its headquarters reside in Hong Kong. However, It has had various mishappenings in the past, which you can read over [here](https://en.wikipedia.org/wiki/Bitfinex#History).

#### How to use Bitfinex?

[Bitfinex](https://blog.coincodecap.com/go/bitfinex) is designed to cater to the needs of professional traders and yet has a simple user interface. You can access Bitfinex from your [Android](https://play.google.com/store/apps/details?id=com.bitfinex.mobileapp&hl=en) or [iOS](https://itunes.apple.com/us/app/bitfinex/id1436383182?ls=1&mt=8).

After you’ve completed the signup process, you will need to deposit an amount to begin trading.

#### Bitfinex deposits and cryptocurrency support

[Bitfinex](https://blog.coincodecap.com/go/bitfinex) takes deposits in almost all primary forms. This includes cryptocurrencies, deposits using Fiat, credit cards, and debit cards.

![](https://cdn-images-1.medium.com/max/1024/0*i2MF8O20Ss2kuVjC.png)

To know more about their accepted payment modes, please visit [here](https://support.bitfinex.com/hc/en-us/articles/115004405873-A-Beginner-s-Guide-to-Bitfinex#h_01EJ0VD5GP4AA9XYZKA1RD42QQ).

#### Bitfinex Fee

You can check Bitfinex trading fees in the images below or visit their website.

![](https://cdn-images-1.medium.com/max/1024/0*McF67O44lMF9aWLG.png)

[Bitfinex](https://blog.coincodecap.com/go/bitfinex) charges a fee on wire deposits and also on withdrawals which can be as follows:

![](https://cdn-images-1.medium.com/max/1024/0*aggqy9USHwm9JAq9.png)

#### How safe is Bitfinex?

[Bitfinex](https://blog.coincodecap.com/go/bitfinex) provides its users with two-factor authentication, U2F, advanced API key permissions, advanced verification tools, withdrawals protection, and email encryption with OpenPGP.

Like every other central cryptocurrency platform, they store almost all the users’ assets in offline cold storage modes.

However, seeing their [troubled past](https://en.wikipedia.org/wiki/Bitfinex#History) makes it hard to trust their security, yet it has been a long time, and they have undoubtedly learned from their mistakes.

#### Bitfinex Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*0C2_LUHcSNPEwmrU0vTxeg.png)

### 8. Bittrex

#### What is Bittrex Global?

Like almost all the old crypto platforms making it to the top ten, [Bittrex](https://blog.coincodecap.com/go/bittrex) also stands as one of the best cryptocurrency exchanges. Bittrex doesn’t differentiate between its expert and beginner customers and provides cutting edge technology to both of them.

![](https://cdn-images-1.medium.com/max/1024/0*LS9dvja8oAWWo424.png)

[Bittrex](https://blog.coincodecap.com/go/bittrex) allows you to trade only when you’ve completed and passed their document verification.

#### Where is Bittrex located?

Three people founded Bittrex in late 2013 in the USA. All three founders were former employees of Microsoft. [Bittrex](https://blog.coincodecap.com/go/bittrex) currently operates from [Liechtenstein](https://en.wikipedia.org/wiki/Liechtenstein).

#### How to use Bittrex?

[Bittrex](https://blog.coincodecap.com/go/bittrex) provides its services to customers from all around the globe except the USA. However, the customers from the USA can contact Bittrex Inc, a different company.

After signing up, you need to deposit the amount in the currency accepted by Bittrex. They have a fast and straightforward UI that will help you to begin your crypto journey. However, they do not offer Margin trading, which many expert traders might lack while trading.

![](https://cdn-images-1.medium.com/max/1024/0*PBFgXeRDkbJknPUn.png)

#### Bittrex deposits and cryptocurrency support

The deposits from the US occur only through wired transactions. However, people from around the globe can use almost all the altcoins and cryptocurrencies for deposits.

#### Bittrex Fee

According to [Bittrex](https://blog.coincodecap.com/go/bittrex), they charge one of the lowest commission fees in the market than their competitors.

![](https://cdn-images-1.medium.com/max/733/0*wlkrtinfc8RCCy7r.png)

Apart from this, they also charge a transaction fee governed by blockchain depending on the market.

#### is Bittrex safe?

They offer one of the best security services among various cryptocurrency exchanges. Like all of their major competitors, they provide two-factor authentication that keeps the user data secure.

[Bittrex](https://blog.coincodecap.com/go/bittrex) stores all of its users’ funds in offline cold storage that is highly guarded and secure.

#### Bittrex Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*xdMKVY4rHz45l7DWz8Az1Q.png)

### 9. FTX

#### What is FTX?

[FTX](http://blog.coincodecap.com/go/ftx) is one of the best crypto trading exchanges globally and is head by the newer generation aiming for the future. FTX is known to be a trading platform ‘for traders and by traders.’ With their prominent and developing technology, they offer their services to all the traders in the market.

They believe in developing a platform easy enough to start your trading journey and robust enough for experts to use it seamlessly.

FTX has recently launched its Spot Margin Trading. You can have a look [here](https://ftx.com/profile#spot-margin).

![](https://cdn-images-1.medium.com/max/1024/0*21gHeGZ83E_BYfhg.png)

#### Where is FTX located?

Sam Bankman-Fried, a graduate from MIT and a trader himself, led the foundation of FTX. Before launching FTX, he also laid the foundations of [Almeda](https://www.alameda-research.com/), a leading cryptocurrency liquidity provider.

The headquarters of [FTX](http://blog.coincodecap.com/go/ftx) resides in Antigua and Barbuda.

#### How to use FTX?

[FTX](http://blog.coincodecap.com/go/ftx) has a robust network in the cryptocurrency industry, as many other leading crypto venture funds back it up. They have been the first in the market to launch various features for investors.

![](https://cdn-images-1.medium.com/max/973/0*1U7_WygI8zJqyFtZ.png)

It is effortless to begin trading at [FTX](http://blog.coincodecap.com/go/ftx). All you need to do is create your account and deposit the amount you wish to change. FTX offers leverage up to 101x, which is highly profitable for its users.

However, before getting started, you’ll need to complete your KYC.

#### FTX deposits and cryptocurrency support

[FTX](http://blog.coincodecap.com/go/ftx) is user friendly and offers its users to transfer deposits using all the cryptocurrencies they offer. In addition, they allow fiat transfer and credit cards, which is a plus point for their users

#### FTX Fee

[FTX](http://blog.coincodecap.com/go/ftx) doesn’t charge any fees on deposits and withdrawal. Even more, they do not charge any fees on future settlements or OTC trading.

FTX offers a tiered fee structure as mentioned below:

![](https://cdn-images-1.medium.com/max/701/0*EYRW5a1cW_mA1nz-.png)

If you wish to know more about the fee charged by FTX, please visit [here](https://help.ftx.com/hc/en-us/articles/360024479432-Fees).

#### is FTX safe?

Since they are new in the cryptocurrency market, they need to be extra secure about their store funds. However, the makers of [FTX](http://blog.coincodecap.com/go/ftx) do not give any insight into their security protocols.

Read our [FTX crypto exchange review](https://medium.com/coinmonks/ftx-crypto-exchange-review-53664ac1198f) to learn more about the platform.

#### FTX Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*PNqjBJhhAZ4J2ctcUkdIIg.png)

### 10. Deribit

#### What is Deribit?

The name [Deribit](http://blog.coincodecap.com/go/deribit) comes from the words’ derivative’ and ‘bitcoin.’

[Deribit](http://blog.coincodecap.com/go/deribit) offers its options and futures trading services to more experienced traders rather than newbies in crypto trading.

The platform excels in offering leveraged trading and provides a leverage of up to 50x in Etheruem and 100x in Bitcoin.

![](https://cdn-images-1.medium.com/max/1024/0*N38nv9hH6HRndOA_.png)

#### Where is Deribit located?

In the year 2016, [Deribit](http://blog.coincodecap.com/go/deribit) came into existence through its founder Jon Jansen. It is based in the Netherlands and is still serving its customers worldwide from Ermelo, Netherlands.

#### How to use Deribit?

Firstly you’ll have to create an account and register with your email. Then the next step would be to complete your KYC as it will enhance your trading experience.

![](https://cdn-images-1.medium.com/max/634/0*cWGyJdnobhNsgc9C.png)

#### What payment methods are accepted by Deribit?

[Deribit](http://blog.coincodecap.com/go/deribit) allows you to only transfer Bitcoins. For withdrawal, you need to go to the withdraw tab and submit the request for drawing the desired amount.

#### Deribit Fee

It follows a maker-taker model. There are two types of order. A “maker” order adds liquidity to the order book. It is executed instantly. A “taker” orders remove liquidity from the order book. It is not executed instantly.

![](https://cdn-images-1.medium.com/max/1024/1*rFQ6nivNSDLejzsD2tOupw.png)

The options fee can never be more than 12.5% of the options price.

There is also an additional fee for options and futures delivery. It is 0.025% and 0.015% for futures and options respectively.The additional fee for options can never be more than 12.5% of the options price.

There is also an additional fee for liquidation. It is added to the insurance fund automatically.

![](https://cdn-images-1.medium.com/max/1024/1*DORO2kJgFX9X9Qt0IuZ-GQ.png)

There are no fees charged for deposits.

#### How safe is Deribit?

As per [Deribit](http://blog.coincodecap.com/go/deribit), 99% of its funds have a home in cold storage in offline modes. It is hence preventing them from any malicious attacks. However, it also reduces the speed of customer withdrawals.

Deribit offers a service of IP pinning, where if there is a change of IP address, the system terminates your session. They also provide two-factor authentication. However, you’ll have to enable it after setting up your account.

Read our [Deribit review](https://medium.com/coinmonks/deribit-review-options-fees-apis-and-testnet-2ca16c4bbdb2) to learn more about the platform.

![](https://cdn-images-1.medium.com/max/1024/0*QQkwzci7m_SCjHbz.png)

### Deribit Pros and Cons

![](https://cdn-images-1.medium.com/max/1024/1*LaCM0VN8ApWgwdf0tXKuXA.png)

### Best Crypto Exchange: Conclusion

Almost all of the trading platforms have their advantages and disadvantages. And still, some provide all the features to a trader. On our experience, we would suggest you go with [Binance](http://blog.coincodecap.com/go/binance) since it is the world’s largest crypto trading platform. However, [Coinbase](http://blog.coincodecap.com/go/coinbase) and [Bityard](http://blog.coincodecap.com/go/bityard) also offer their services which are comparable to Binance.

### Cryptocurrency Exchange: FAQs

**What is the best cryptocurrency exchange?**

A platform that provides good liquidity, security, low fees, user interface is multiple is the best crypto exchange.

**Which cryptocurrency exchange is best for beginners?**

Well, the answer depends on the services you seek a cryptocurrency platform to provide. However, we believe Binance or Bityard can meet your requirements as a beginner.

**Are there no cryptocurrency exchanges based in the USA?**

No, some platforms regulate from the USA. Such as Bityard, Coinbase, Gemini, etc. However, many platforms do not meet the guidelines of the US government. These platforms do not provide their services to the citizens of the USA.

> Join Coinmonks [Telegram group](https://t.me/joinchat/EPmjKpNYwRMsBI4p) and learn about crypto trading and investing

#### Also, Read

- What is a [Flash loan](https://blog.coincodecap.com/what-are-flash-loans-on-ethereum)?
- The Best [Crypto Trading Bot](https://medium.com/coinmonks/crypto-trading-bot-c2ffce8acb2a) | [Grid Trading](https://blog.coincodecap.com/grid-trading)
- [3Commas Review](https://medium.com/coinmonks/3commas-review-an-excellent-crypto-trading-bot-2020-1313a58bec92) | [Pionex Review](https://medium.com/coinmonks/pionex-review-exchange-with-crypto-trading-bot-1e459d0191ea) | [Coinrule review](https://blog.coincodecap.com/coinrule-review-a-perfect-trading-bot)
- [AAX Exchange Review](https://medium.com/coinmonks/aax-exchange-review-2021-67c5ea09330c) | [Deribit Review](https://medium.com/coinmonks/deribit-review-options-fees-apis-and-testnet-2ca16c4bbdb2) |[FTX Crypto Exchange Review](https://medium.com/coinmonks/ftx-crypto-exchange-review-53664ac1198f)
- [NGRAVE ZERO review](https://medium.com/coinmonks/ngrave-zero-review-c465cf8307fc)
- [Bybit Exchange Review](https://medium.com/coinmonks/bybit-exchange-review-dbd570019b71) | [Bityard Review](https://blog.coincodecap.com/bityard-reivew) | [Interdax Review](https://blog.coincodecap.com/interdax-review)
- [3Commas vs Cryptohopper](https://medium.com/coinmonks/3commas-vs-pionex-vs-cryptohopper-best-crypto-bot-6a98d2baa203)
- The Best Bitcoin [Hardware wallet](https://medium.com/coinmonks/the-best-cryptocurrency-hardware-wallets-of-2020-e28b1c124069?source=friends_link&sk=324dd9ff8556ab578d71e7ad7658ad7c) | [BitBox02 Review](https://medium.com/coinmonks/bitbox02-review-your-swiss-bitcoin-hardware-wallet-c36c88fff29)
- [Ledger vs Ngrave](https://blog.coincodecap.com/ngrave-vs-ledger) | [ledger nano s vs x](https://blog.coincodecap.com/ledger-nano-s-vs-x)
- [Crypto Copy Trading Platforms](https://medium.com/coinmonks/top-10-crypto-copy-trading-platforms-for-beginners-d0c37c7d698c) | [Bityard copy trading](https://blog.coincodecap.com/bityard-copy-trading)
- [Vauld Review](https://blog.coincodecap.com/vauld-review) | [YouHodler Review](https://medium.com/coinmonks/youhodler-4-easy-ways-to-make-money-98969b9689f2) | [BlockFi Review](https://medium.com/coinmonks/blockfi-review-53096053c097)
- The Best [Crypto Tax Software](https://medium.com/coinmonks/best-crypto-tax-tool-for-my-money-72d4b430816b) | [CoinTracking Review](https://medium.com/coinmonks/cointracking-review-a-reliable-cryptocurrency-tax-software-5114e3eb5737)
- Best [Crypto Lending Platforms](https://medium.com/coinmonks/top-5-crypto-lending-platforms-in-2020-that-you-need-to-know-a1b675cec3fa)
- [Ledger Nano S vs Trezor one vs Trezor T vs Ledger Nano X](https://blog.coincodecap.com/ledger-nano-s-vs-trezor-one-ledger-nano-x-trezor-t)
- [BlockFi vs Celsius](https://medium.com/coinmonks/blockfi-vs-celsius-vs-hodlnaut-8a1cc8c26630) | [Hodlnaut Review](https://blog.coincodecap.com/hodlnaut-review)
- [Bitsgap review](https://medium.com/coinmonks/bitsgap-review-a-crypto-trading-bot-that-makes-easy-money-a5d88a336df2) | [Quadency Review](https://medium.com/coinmonks/quadency-review-a-crypto-trading-automation-platform-3068eaa374e1)
- [Ellipal Titan Review](https://medium.com/coinmonks/ellipal-titan-review-85e9071dd029) | [SecuX Stone Review](https://blog.coincodecap.com/secux-stone-hardware-wallet-review)
- [DEX Explorer](https://explorer.bitquery.io/ethereum/dex) and [Blockchain APIs](https://explorer.bitquery.io/graphql)
- [Crypto arbitrage](https://medium.com/coinmonks/crypto-arbitrage-guide-how-to-make-money-as-a-beginner-62bfe5c868f6) guide: How to make money as a beginner
- Best [Crypto Charting Tool](https://medium.com/coinmonks/what-are-the-best-charting-platforms-for-cryptocurrency-trading-85aade584d80) | [Best Crypto Exchange](https://blog.coincodecap.com/crypto-exchange)
- What are the [best books to learn about Bitcoin](https://medium.com/coinmonks/what-are-the-best-books-to-learn-bitcoin-409aeb9aff4b)?

> [Get Best Software Deals Directly In Your Inbox](https://medium.com/coinmonks/newsletters/coinmonks)

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_Originally published at_ [_https://blog.coincodecap.com_](https://blog.coincodecap.com/crypto-exchange) _on February 1, 2021._

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