Binance has been trending these days. Everyone wants to know the top exchanges to start trading cryptocurrencies. There are many discussions on Reddit about this too. What exchange do people use or like most? I used Bitfinex for a while but then I found out that Binance is better if you want to day trade with their competitive fees and beginner-friendly UI. Most of my friends also suggest the same. So, today in this article, I will be listing out some of the best platforms other than Binance where you can start your cryptocurrency trading right away!
Binance is the world’s most popular crypto trading platform created by Changpeng Zhao in 2017. Binance exchange provides all the required tools for professional traders to trade efficiently. It has a very simple user interface which makes it easy even for beginners to use it without any issues. Binance is one of those few exchanges which provide their users with multiple options i.e., you can either choose Basic or Advanced view while you are checking out candlestick charts of different cryptocurrencies .
What are Top Platforms Other Than Binance To Trade Cryptocurrencies?
There are many other cryptocurrency exchanges available where you can start your trading operations right away. I am listing out some of them below:
1. Bitfinex – World’s Leading Bitcoin Exchange
Bitfinex is one of the best cryptocurrency exchanges where you can trade different kinds of cryptocurrencies. It was established in 2012 by Raphael Nicolle, it is a Hong Kong based company which operates under the jurisdictions of the British Virgin Islands. The exchange provides their users with order types like limit, market, stop, trailing stop and many more. On Bitfinex you will find advanced features for professional traders like margin trading & peer-to-peer funding which are not found in most other top crypto exchanges in this list.
They have three core principles which are to be followed while they are providing their services to the people i.e., Security, Freedom and Technology .
2. Bittrex – U.S.-Based Secure Cryptocurrency Exchange
Bittrex is one of the top cryptocurrency exchanges when it comes to trading in cryptos. It was founded by Bill Shihara, Rami Kawach and Ryan Hentz back in 2014 in Seattle, Washington. The exchange provides its users with more than 190+ cryptocurrencies to trade in which include Bitcoin (BTC), Ethereum (ETH), Monero (XMR) and many more.
3. BitMEX – Bitcoin Mercantile Exchange
BitMex is not just a crypto to crypto exchange but also allows you trading between fiat money i.e., U.S Dollars, Euro etc. As compared to others this platform charges very less fees on transactions i.e., 0.075% for makers & 0.075% for takers. It was founded in 2014 by HDR Global Trading Ltd. and is based out of Hong Kong. Also, it does not support any kind of Fiat currencies.
4. Cryptopia – A Popular Exchange Operating from New Zealand
Cryptopia is a popular exchange that provides trading facilities to more than 500 cryptocurrencies . They have very low fees on transactions i.e., 0% maker trade fee & 0.2% taker trade fee which means you can save a lot of your hard earned money while trading with them on a daily basis! The exchange has a record of having 1 million+ active traders & more than 5 billion order book volume which makes it an ideal choice for the new people who are planning to start their trading operations right away!
5. KuCoin – A Decentralized Crypto Exchange
Kucoin is a decentralized cryptocurrency trading platform created by ‘ ahcene fz’ back in 2017. The platform provides its users with many advanced features like stop loss orders, short selling and margin trading which makes it very easy even for the new people to start their day trading without any issues! They do not support fiat money so you will have to deposit your cryptos only in order to start using them. But they are providing their users with competitive fees i.e., 0% for makers & 0.1% for takers which make them one of the best alternate exchanges when compared to other top cryptocurrency exchanges in this list!
6. HitBTC – Europe’s Leading CFD Trading Platform
HitBTC is one of the top cryptocurrency exchanges when it comes to trading in cryptocurrencies and taking about volume they have a record of more than $550 million worth volume per day which makes them a very popular choice for all cryptocurrency traders around the world! The exchange was founded back in 2014 by Ullus Corporal & Jean Louis van der Velde who decided to make an international cryptocurrency platform with advanced features. It is based out of Estonia and currently operates from 14 different countries on 5 continents!.
They do not support any kind of fiat currencies so you can deposit your cryptos only while using HitBTC . They provide advance order types like stop loss orders, trailing stop, take profit etc that allow their users to trade effectively and efficiently! They have their own token known as ‘HitCash’ which they are currently trying to launch via an ICO.
A Bitcoin Exchange Which Provides Bitcoin Debit Card Services One of the oldest cryptocurrency exchanges in this list, Cex.io is a London-based exchange that provides its users with many advanced features like Stop loss orders, short selling etc that makes it more appealing than others! It was launched back in 2013 by Oleksandr Lutskevych & Geoff Hayes and allows people around the world to trade cryptocurrency for USD/EURO.
The platform does not support any kind of Fiat currencies so you can only deposit your cryptos but they provide their services across 99+ countries including China , Brazil , Hong Kong etc. This exchange does not charge a lot of fees i.e., 0% for makers & 0.25% for takers which makes it one of the best exchanges when it comes to doing day trading on cryptocurrencies!
8. Bibox – A Popular AI Enhanced Cryptocurrency Exchange
Bibox is a popular cryptocurrency exchange that aims at taking the crypto world by storm by offering its users many features . It was launched back in 2017 by Hu Honghao and currently operates from 13 countries including USA, UK , South Korea etc. The platform uses an advanced algorithmic system known as ‘SnowFro’ aka smart robot trading assistant which helps its users to manage their trades better instead of complex strategies .
They do not support any kind of fiat currencies so only cryptos will be accepted as deposits on their platform which is one of the main reasons why Bibox can offer competitive fees i.e., 0% for makers & 0.1% for takers making it a perfect exchange to start your day trading activities on! One thing that makes Bibox different from other exchanges on this list is that they offer 24/7 customer service and even allow their users to apply for a job position at them if they have what it takes to work with them!
So, these were some of the top cryptocurrency exchanges that every crypto trader should know about if they want to start their day trading using cryptocurrencies! Start your day trading activities on any of these exchanges and you will definitely see the difference in your profits. Happy Trading!