Choosing the best crypto exchanges to start trading in can be a little tough these days among thousands of new cyrptocurrency exchange/trading sites that come out every often time in the globe. You’d feel overwhelmed which one you should go with and which can be most secure and beneficial to you to make money online with crypto coin trading.
There would be different factors that determine what’s the best crypto exchange to each person. It can be some things like what coins it handles, how secure it is storing your funds in it, how low or high the fees it charges you or how convenient and fast the withdrawal process it has etc.
Despite of those factors all differentiated to each individual’s need and condition, there’s one common factor you can’t overlook to decide on your best crypto exchange – How much of the trading volume of an exchange site. That’s it!
With the most general approach to finding out the best crypto exchanges, it’s the trading volume of a site according to industry experts’ advice.
They advise that “the biggest exchanges may be the best because they get enough orders to easily match buyers and sellers. They have economies of scale to keep down fees and stable supplies and demands harmoniously that stabilizes the market and the prices of the currencies.
Keeping that in mind, we’re here today, sharing the list of best top 10 of the biggest crypto exchanges with the highest trading volumes in the world to help you out to find your best crypto exchange and to make money from home!
Top 10 Best Crypto Exchanges With Highest Trading Volumes
This is a Hong Kong based Crypto exchange that grew to be one of largest crypto exchanges just in a short period of time. It has more than 5 million users which is more than Hong Kong’s entire population. For the last several months, it’s had highest volume of daily Bitcoin and other crypto coin trading volumes and market cap, mostly because of the recent sweeping shift of investors from China and South Korea to this site, caused by their governments domestic regurlation against Cryptocurrency.
This trading platform can be more suitable to serious investors who pursue for advanced features and in-depth analysis than for casual investors. It’s a more professional look and feel in their platform, not maybe ideal if you’re a beginner.
Daily Average Trading Volume: $1,343,727,000
Number of Coins: 120 coins supported including the major crypto coins.
Trading Fee: 0.1%
Supported Countries: Worldwide
This is based on Bejing, China, ranked on the second spot as one of the biggest crypto exchanges in the world. It seems to focus more on its domestic market and Chinese investors, but it’s extending their service to the world, currently supporting 130 countries in the globe. Their super high liquidity and 24/7 phone customer support is great as the pros of this site, however there’re fairly a lot of user complaints as well over this site in lack of the quality in their foreign user support such as minimal information in English and some other things.
Daily Average Trading Volume: $1,219,680,750
Tradable Coins: 98 coins available including the major crypto coins
Trading Fees: 0.2%
Supported Countries: Worldwide (130 countries)
Another China-based giant crypto exchange trading platform stemmed from okcoin.com. They have two business entities, one is based in Bejing for Chinese domestic investors, another based in Hong Kong for international market. This has one of the top highest trading volumes and market capitalization in the world though, there’re some angry user reviews detected often mostly about their late customer correspondence. But the bright side of this china based platform would be its easy and beginner friendly interface that’s easy to navigate in trading process.
Daily Average Trading Volume: $1,129,032,503
Tradable Coins: 159 coins available including the major crypto coins
Trading Fees: 0.015% to 0.07%
Supported Countries: Worldwide
It’s a shame that it only support Korean language and seemingly Korean domestic traders. Their only market is within their domestic land, South Korea though, it’s quite impressive that their volumes of crypto transactions only domestically made within South Korea has got ranked on #4 in the globe.
If you’re not Korean, it may be still considerable to use Bittrex which is in partnership with Upbit.com, serving international users.
Daily Average Trading Volume: $923,233,016
Tradable Coins: 128 coins available including the major crypto coins
Trading Fees: 0.25%
Supported Countries: South Korea only. Bittrex in partnership with Upbit serve global users.
This is also a Hong Kong based crypto exchange founded in 2012. They’ve been operating thier exchange platfrom globally with the primary focus on extending to the US crypto market.
Back in 2016, this site had got hacked 120,000 BTC worth approx 72 million dollars at the currency value of that time of being hacked. But what they are praised for is their fast recovery getting their users paid all back to the losses quite in a short period of time.
This site is mobile friendly fast loading time and responsive pages, also having a mobile app for mobile users. Easy interface for beginners and high USD liquidity are other upsides of this best crypto exchange platform.
There’s a NOTE and a thing that makes me avoid this site is that Bitfinex requires minimum deposit of $10,000 to get started and access the feature of the platform.
Daily Average Trading Volume: $593,608,612
Tradable Coins: 38 coins available including the major crypto coins
Trading Fees: 0% to 0.2% depending on trading volume
Supported Countries: worldwide, excluding Unite States
Their head office is located in Seoul, South Korea, the center of global cryptocurrency market. This company is #1 best crypto exchange in Korea that most of South Koreans fully trust, at the same time they’re aggressively attempting to extend their business influence to worldwide as well, having the English version of the site, providing 24/7 phone/email customer support in English for its international users.
The interface of the site is relatively easy to crypto beginners with simplified, but clear and accurate navigation of their trading platform. High liquidity, fast payout and transparent business operation of theirs are the other pros of Bithumb. The only the downside of this site would be the relatively narrow range of offered coins which are only 13 currently including the major crypto coins such as Bitcoin and Ethereum.
Daily Average Trading Volume: $445,471,900
Tradable Coins: 13 coins available – BTC, BCH, BTG, DASH, EOS, ETC, ETH, ICX, LTC, QTUM, XMR, XRP, ZEC
Trading Fees: 0% to 0.15% depending on type of coin and trading volume.
Supported Countries: Worldwide
The actual business location is unknown since they use “WhoIsGuard” service which is a domain anonymity service. The company and owner information hasn’t been really revealed to the world as many of crypto related businesses tend to hide their identity for some reason out there in cryptocurrency industry.
Speaking of their website “HitBTC”, what’s the most outstanding thing of theirs is probably about their “Demo” trading mode that most of crypto exchange sites don’t have. Users can take a journey in to the crypto trading world by practicing and getting familiar with Crypto coins and its trading, using the Demo feature they offer.
But obvious cons of this site also exist: awfully long process of funding(depositing) and withdrawing. Depositing can take up to 14 business days and withdrawing even up to 20 business days which is really long along with their tedious member verification process that takes way strict user identity authentication. (e.g: copy of passport or ID card, Bank account info, proof of residence, proof of bank account ownership)
All the process can be quite annoying to most of users out there although this might indicate HitBTC puts the importance on security as their priority which is actually a good thing on the other hand.
Daily Average Trading Volume: $221,663,176
Tradable Coins: 322 coins available including the major crypto coins
Trading Fees: 0.1%
Serviceable Countries: Worldwide
GDAX is short for “Global Digital Asset Exchange run by Coinbase that most of you would already know well of. This San Francisco based company is considered one of trustfully best crypto exchange platform and they are ranked on #8th of world largest crypto exchanges with the highest transaction/trading volumes.
This platform would be fitter to serious traders with the in-depth trading tools and professional looking charts and graphs. Only two downsides this crypto exchange platform has would be only few coins supported and the narrow list of international countries available to use this site. US, UK, Canada, Australia and Singapore and some European countries.
Daily Average Trading Volume: $214,648,114
Tradable Coins: 4 coins availble – BTC, BCH, ETH, LTC
Trading Fees: 0.25% to 0.3%
Serviceable Countries: US, UK, Canada, Australia, Singapore, European Countries
Another San Francisco based crypto exchange company put on the #9 largest best crypto exchange platform in the world. Kraken as a well-known crypto exchange lies some great strengths in their strong security, advanced features of their platform and high transaction volumes that maintains this platform to work stably. However their slightly downside would be that there’s no phone contact offered, only the way to reach them is submitting a ticket and waiting few days.
Daily Average Trading Volume: $207,018,904
Tradable Coins: 17 Coins – BCH, DASH, EOS, ETC, ETH, GNO, ICN, LTC, MLN, REP, USDT, XLM, XMR, XRP, ZEC, XBT, XDG
Trading Fees: 0.1% to 0.26%
Serviceable Countries: Worldwide
This rising company gets ranked on #10 on market cap with upward of $200 millions crytpo coin trade volumes. Although this platform has a number of pros like in-depth and advanced trading tools, extremely low fees, up to 100x leverage etc, a bad news for people in the US is that this is not for US residents who currently live in the United States due to some conflict with the US local law.
Daily Average Trading Volume: $202,076,418
Tradable Coins: BTC, BCH, ETH, DASH, ETC, LTC, QTum, XRP, XMR, ZEC, TEZOS
Trading Fees: 0.07% to 0.25% depending on type of coin
Supported Countries: Worldwide, excluding USA
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