Diving into cryptocurrency is like exploring a new city – you need a safe and reliable guide to show you the ropes. Just like you wouldn’t trust a shady character on a street corner with your money, you shouldn’t trust just any exchange with your crypto. Finding a trustworthy platform is crucial, especially for newbie traders and investors. It’s like choosing the right bank for your savings – you want to make sure your funds are secure and accessible, and that you have the tools and support you need to make smart decisions.
Crypto trading can be a thrilling adventure, but like any good expedition, you need a trusty map and a sturdy compass. That’s where finding the right exchange comes in. With hundreds of platforms (including DEXs and CEXs) out there, each promising riches and rocket ships, it’s easy to feel overwhelmed. But fret not, fellow beginner!
I’ve been busy exploring the crypto wilderness myself, and I’ve compiled a list of 13 top contenders for 2024. From veteran titans to rising stars, each platform has its unique strengths and weaknesses. And fear not, my journey doesn’t end there!
I’ll keep navigating through the digital jungle, testing new platforms, and sharing my findings with you, my fellow adventurers. So, pack your bags, strap on your curiosity, and let’s navigate this exciting world together, one exchange at a time!
I’ve been busy exploring the crypto wilderness myself, and I’ve compiled a list of 13 top contenders for 2024. From veteran titans to rising stars, each platform has its unique strengths and weaknesses. And fear not, my journey doesn’t end there!
I’ll keep navigating through the digital jungle, testing new platforms, and sharing my findings with you, my fellow adventurers. So, pack your bags, strap on your curiosity, and let’s navigate this exciting world together, one exchange at a time!
Coin Token Listing
Standard (SpoT) Trading Fees
Supported Countries
BTC Withdrawal Fees
KYC
Headquarters
Trading Fee Discount
Credit / Debit Card
P2P Exchange
Crypto Deposit Fee
Native Token
Staking
Hack Or Security Breaches
Coin Token Listing
456 Standard (SpoT) Trading Fees
Maker/Taker: 0.1000% Supported Countries
160+ BTC Withdrawal Fees
0.0005 BTC KYC
Optional Headquarters
Dubai, UAE Trading Fee Discount
Yes Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
No – They do have a partner token with BitDAO (BIT) Staking
Yes Hack Or Security Breaches
No 
Coin Token Listing
280+ Standard (SpoT) Trading Fees
Maker: 0.01% Taker: 0.06%
Supported Countries
180+ BTC Withdrawal Fees
0.00005 BTC KYC
Optional Headquarters
British Virgin Islands Trading Fee Discount
Yes, 20% on Spot & 10% on Contract (for PT holders) Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
Phemex Token (PT) Staking
Yes Hack Or Security Breaches
No 
Coin Token Listing
1187 Standard (SpoT) Trading Fees
Maker/Taker: 0.1%Pay Fees with KCS (20% off)
Supported Countries
200+ BTC Withdrawal Fees
(0.001 + Amount * 0%) BTC KYC
Optional Headquarters
Seychelles Trading Fee Discount
Yes Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
KuCoin Token (KCS) Staking
Yes Hack Or Security Breaches
Yes – 2020 Security Breach 
Coin Token Listing
482 Standard (SpoT) Trading Fees
Maker: 0.080%Taker: 0.100%
Supported Countries
100+ BTC Withdrawal Fees
0.00055 BTC KYC
Yes (Optional) Headquarters
Seychelles Trading Fee Discount
Save up to 40% on trading fees by holding OKB. Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
OKB Staking
Yes Hack Or Security Breaches
Yes – 2020 
Coin Token Listing
2178 Standard (SpoT) Trading Fees
Maker/Taker: 0.000% Supported Countries
180+ BTC Withdrawal Fees
0.0011 KYC
Optional Headquarters
Seychelles Trading Fee Discount
50% off trading fee for MX Token holders Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
MX Token Staking
Yes Hack Or Security Breaches
No 
Coin Token Listing
719 Standard (SpoT) Trading Fees
0.1% Maker and Taker Fee Supported Countries
190+ BTC Withdrawal Fees
0.0008 KYC
Optional Headquarters
Seychelles Trading Fee Discount
20% Discount for BGB token holders Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
Bitget Token (BGB) Staking
Yes Hack Or Security Breaches
No 
Coin Token Listing
1180 Standard (SpoT) Trading Fees
Maker: 0.1000%Taker: 0.1000%
Supported Countries
100+ BTC Withdrawal Fees
0.00085 KYC
Yes (Optional) Headquarters
Cayman Islands Trading Fee Discount
25% on Spot & Margin trading and 10% on futures trading fees with BNB Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Yes Native Token
BNB Staking
Yes Hack Or Security Breaches
Yes – 2019 
Coin Token Listing
668 Standard (SpoT) Trading Fees
Maker: 0.16%Taker:0.26%
Supported Countries
190+ BTC Withdrawal Fees
0.0004 BTC KYC
Yes Headquarters
San Francisco, CA Trading Fee Discount
No, volume based discount only. Credit / Debit Card
Yes P2P Exchange
No Crypto Deposit Fee
Free Native Token
No Staking
Yes Hack Or Security Breaches
No 
Coin Token Listing
394 Standard (SpoT) Trading Fees
Taker: 0.60%Maker:0.40%
Supported Countries
100+ BTC Withdrawal Fees
0.0005 KYC
Yes Headquarters
San Francisco, CA Trading Fee Discount
no, Volume based discount only. Credit / Debit Card
Yes P2P Exchange
No Crypto Deposit Fee
Free Native Token
No Staking
Yes Hack Or Security Breaches
Yes – 2021 
Coin Token Listing
706 Standard (SpoT) Trading Fees
Base (Maker/Taker) Fee: 0.2000%Supported Countries
130+ BTC Withdrawal Fees
0.0004 BTC KYC
Yes (Optional) Headquarters
Seychelles Trading Fee Discount
Tiered fee discount i.e. ≥10HT = 10% discount and ≥5,000HT = 65% discount Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
Huobi Token (HT) Staking
Yes Hack Or Security Breaches
No 
Coin Token Listing
2921 Standard (SpoT) Trading Fees
Maker: 0.2%Taker: 0.2%
Supported Countries
184 BTC Withdrawal Fees
0.00133 BTC KYC
Yes (Optional) Headquarters
Cayman Islands Trading Fee Discount
Volume based discount for GT token holders. Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
GateToken (GT) Staking
Yes 
Coin Token Listing
696 Standard (SpoT) Trading Fees
Maker: 0.1450%Taker: 0.1550%
Supported Countries
100+ BTC Withdrawal Fees
0.0005 BTC KYC
Yes Headquarters
Seychelles Trading Fee Discount
Yes, for Tron (TRX) holders Credit / Debit Card
Yes P2P Exchange
Yes Crypto Deposit Fee
Free Native Token
No native token but they have partnership with Tron (TRX) Staking
Yes Hack Or Security Breaches
Yes – 2014 
Coin Token Listing
105 Standard (SpoT) Trading Fees
Maker: 0.02%Taker: 0.07%
Supported Countries
60+ BTC Withdrawal Fees
0.001 BTC KYC
Yes Headquarters
New York, United States Trading Fee Discount
No Credit / Debit Card
No P2P Exchange
No Crypto Deposit Fee
Free Native Token
No Staking
Yes Hack Or Security Breaches
No
Note: The withdrawal fees and min. withdrawal amount for every coin/token varies, it mostly depends on the network that the user has selected.
What do “maker” and “taker” mean?
Makers
Add liquidity to the market: They create orders that aren’t immediately matched with existing orders, essentially adding new trading options to the order book.
Place limit orders: They specify the price at which they’re willing to buy or sell a cryptocurrency.
Wait for their orders to be filled: Their orders are not executed instantly but rather sit on the order book until a matching order comes along.
Typically pay lower fees: Exchanges often incentivize makers to create liquidity by charging them lower fees, or even offering rebates.
Example:
You place a limit order to buy 1 Bitcoin (BTC) at $20,000 when the current market price is $21,000. Your order gets added to the order book and waits for a seller to match it. If a seller comes along and agrees to sell 1 BTC at $20,000, your order will be filled, and you’ll be the maker of this transaction.
Takers
Remove liquidity from the market: They fill existing orders on the order book, taking away available options for trading.
Place market orders: They buy or sell cryptocurrencies at the best available price in the market, ensuring instant execution.
Typically pay higher fees: Exchanges charge takers higher fees because they’re consuming existing liquidity.
Example:
You place a market order to buy 1 BTC. Your order is immediately matched with the lowest available sell order on the order book, which might be $21,000. You’ll buy 1 BTC at $21,000, and you’ll be the taker in this transaction because you took liquidity from the market.
What do “maker” and “taker” mean?
Makers
Add liquidity to the market: They create orders that aren’t immediately matched with existing orders, essentially adding new trading options to the order book.
Place limit orders: They specify the price at which they’re willing to buy or sell a cryptocurrency.
Wait for their orders to be filled: Their orders are not executed instantly but rather sit on the order book until a matching order comes along.
Typically pay lower fees: Exchanges often incentivize makers to create liquidity by charging them lower fees, or even offering rebates.
Example:
You place a limit order to buy 1 Bitcoin (BTC) at $20,000 when the current market price is $21,000. Your order gets added to the order book and waits for a seller to match it. If a seller comes along and agrees to sell 1 BTC at $20,000, your order will be filled, and you’ll be the maker of this transaction.
Takers
Remove liquidity from the market: They fill existing orders on the order book, taking away available options for trading.
Place market orders: They buy or sell cryptocurrencies at the best available price in the market, ensuring instant execution.
Typically pay higher fees: Exchanges charge takers higher fees because they’re consuming existing liquidity.
Example:
You place a market order to buy 1 BTC. Your order is immediately matched with the lowest available sell order on the order book, which might be $21,000. You’ll buy 1 BTC at $21,000, and you’ll be the taker in this transaction because you took liquidity from the market.
What Are Crypto Exchange Tokens or Native Token?
Imagine a loyalty program for crypto trading. Instead of earning points for buying groceries, you earn tokens for trading Bitcoin or Ethereum on a specific exchange. That’s the basic idea behind a crypto exchange token.
These are digital assets created by crypto exchanges themselves. They offer various benefits, like:
Boosting liquidity: By offering discounts on trading fees or other perks to token holders, exchanges encourage more people to use their platform, which makes it easier to buy and sell cryptocurrencies.
Encouraging trading: Holding tokens might give you extra votes in the exchange’s governance decisions, access to exclusive features, or even cashback on your trades. This makes trading more attractive and incentivizes users to hold onto their tokens.
Building a community: Owning exchange tokens can give you a sense of belonging and participation in the platform’s growth. Some exchanges even use their tokens to allow users to vote on future features or changes.
For example: Binance, a major crypto exchange, has its own token called BNB. BNB holders get discounts on trading fees, access to exclusive features like margin trading, and the ability to participate in voting on certain decisions that affect the platform.
Exchanges Overview
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Crypto Nerd
From an RX-580 3 card rig (Zcash) miner to a blogger, diving deep into the world of crypto. Join me in this ever-evolving journey as we unlock the potential of blockchain technology, DeFi, Web3, and crypto trading and navigate the exciting twists and turns of the crypto market. Let’s ride the wave together! 🚀🌊
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