Thursday, October 21, 2021
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Explained: Top 5 crypto exchanges and what makes them apart?

Among the many ways of investing in the cryptocurrency market is using crypto exchanges. There are numerous crypto exchanges available globally, each of them offering traders different types of services.

Among the many ways of investing in the cryptocurrency market is using crypto exchanges. There are numerous crypto exchanges available globally, each of them offering traders different types of services.

When you decide to buy a cryptocurrency, it is important to focus on your safety and security. The main reason for this is that this market is still very much new and unregulated. If you are planning to invest in the cryptocurrency market, it is key to make sure that you are using a legit crypto exchange.

Among the best and most reputable crypto exchanges in the market are Bittrex, Coinbase, Kraken, Binance, and KuCoin. All these five crypto exchanges are well-established and offer traders a high level of security and safety.

Top 5 crypto exchanges

Bittrex

One of the top 5 crypto exchanges in the market is Bittrex. Being one of the oldest crypto exchanges it was established way back in 2014 and is known for offering traders different types of assets.

The main product that makes this crypto exchange stand out from the others is the spot trading platform that it offers to clients. It allows traders to have access to numerous markets. Traders are also able to request USD withdrawals using this crypto exchange.

Coinbase

Coinbase is another extremely popular crypto trading platform. Known as the leading mainstream crypto exchange in the USA, it has managed to become one of the most used exchanges in the country.

Coinbase offers numerous products to traders. This includes crypto investing, advanced trading platforms, and many others. It was created back in 2012 and is a regulated company that offers services to all states of the USA except Hawaii. Although it initially focused on Bitcoin trading, it now offers access to other cryptocurrencies as well.

Kraken

While talking about the best crypto exchanges in the market, it is impossible to not mention Kraken. Released only 2 years after the launch of Bitcoin, this exchange is one of the most established exchanges in the market.

This crypto exchange is known for its high security for traders. It also offers access to dozens of cryptocurrencies. Kraken is quite easy and simple to use, the verification process is very fast and simple as well.

If you are a higher-level crypto investor, this crypto exchange can offer you advanced investing options. High-net-worth investors in the US can access margin trading on Kraken, which can significantly increase their profits.

Binance

Binance is one of the largest cryptocurrency exchanges around the world in terms of trading volume. In fact, only the US version of the crypto exchange is among the 10 largest exchanges by trading volume.

This platform is best known for the high-speed trade execution that it offers. Binance offers traders access to over 50 cryptocurrencies, which include leading and best-known cryptos in the market such as Bitcoin, Ether, Bitcoin Cash, Litecoin, and many others.

Another very well-known crypto exchange in the market is KuCoin, which offers traders excellent services. The company was created in 2017, however, the team behind the exchange has been active in the market and has shown interest in the crypto exchange market since 2011. The company was established thanks to money raised via ICO, which lasted less than a month in 2017.

How can you trade?

All these crypto exchanges are very convenient to use. They all offer access to numerous cryptocurrencies in the market, which means that you will have the ability to choose the one that fits your trading needs the best.

There are a lot of options that you have when it comes to the way you want to trade. Among the most popular ways of trading are regulated crypto trading, which means buying and selling cryptocurrencies on your own, manually, and the second, automated crypto trading.

Automated crypto trading is extremely popular in the market. This is possible thanks to the crypto trading bots. These trading bots work using your API key to connect with your account and the exchange you are using. By doing so, these trading robots can trade crypto for you.

Trading with bots

One of the most popular crypto trading bots known for their profitability is Bitsgap bot for auto crypto trading. This trading tool works with every single one of the crypto exchanges that we have discussed above.

Connecting the trading bot to your exchange is very simple. Once you sign up on Bitsgap, you will be able to connect it with any of the above-mentioned exchanges. Bitsgap, like many other bots, is connected with the crypto exchange using an API key.

To add an exchange, you should go on the “My Exchanges” page of the Bitsgap. Once there, you simply click the “Add New Exchange” button. Then, you scroll down the list of the available exchanges and find the one you are using. After this, you simply input the API key and secure key, which can be generated from the exchange you are using.

Trading with the exchanges that we have discussed above is considered to be a safe and secure process in the market. All of these exchanges are known for high standards of security, which make them leaders in the market.

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