
Popular Crypto Trading Platforms
A great interest in cryptocurrencies has led to the appearance of a large number of trading platforms and exchanges specializing in trading cryptocurrencies. Such diversity, on the one hand, is an advantage, but on the other hand, it complicates the task of choosing the best platform to buy crypto, especially for beginners. To choose a suitable resource for trading crypto platform ratings have been created.
Crypto Trading Platform or Crypto Exchange: What to Choose
Many people ask the question: crypto exchanges vs crypto trading platforms. What to choose? The choice depends on the main purposes for which you are going to use the resource.
The crypto platform is the option for those who want to profit from constant trading and independently set the price for their asset. The main audience is traders who make many transactions.
Exchangers are suitable for those users who want to simply and quickly buy or sell cryptocurrency at a rate close to the market without understanding the nuances and trading interface of the exchange, which is usually difficult for a beginner. This resource is specifically designed for long and medium-term investors or speculators.
It is worth noting that all of the top 200 crypto exchange platforms that fall into the ratings have the full functions of both a crypto platform and an exchanger. It means that you can both trade on them and quickly exchange your fiat (money from a card) or crypto through the functionality of the exchanger, which is available after registration.
What Affects the Rating of a Crypto Platform
When choosing the best crypto coin platform the main indicator that you should pay attention to is the presence of the cryptocurrency exchange in the top crypto charting platforms, as well as positive feedback about it from users. Moreover, the higher the position is occupied by the website, the more likely it is that it really provides high-quality cryptocurrency trading services.
User reviews are also very important. It is the comments of the clients of such websites that make it possible to understand all aspects and nuances of working with the platform. It is almost impossible to find a platform with only positive reviews. We recommend paying attention to platforms where the number of positive comments prevails over negative ones.
The best cryptocurrency exchanges offer comprehensive information about the team of their creators. In addition, such websites are usually presented on the market for several years. The long period of existence means that the crypto platform has long-term strategic goals and this reduces the risk of fraud from the site.
The Most popular Crypto Platforms
Today, there are more than 300 crypto platforms where traders can start mining cryptocurrencies. To choose the best one, you should use the ratings provided on CoinMarketCap, CoinGecko, and other similar services. They rank and rate exchanges based on traffic, liquidity, trading volumes, and a confidence indicator of the reported trading volume.
In 2022, the list of the most popular platforms includes:
Binance (CoinMarketCap 10/10, CoinGecko 9.9/10)
Cryptocurrencies: >416 / Trading pairs: 1270
Daily trading volume: 72.5 billion $
Exchange trading commission: from 0.075%
Deposit/withdrawal of funds in RUB/USD/EUR
No account verification
Start of trading – 2017
Huobi (CoinMarketCap 9/10, CoinGecko 8.9/10)
Cryptocurrencies: 331 / Trading pairs: 974
Daily trading volume: $21.9 billion
Exchange trading commission: 0.2%
Deposit/withdrawal of funds in cryptocurrencies through online exchangers
No account verification
Start of trading – 2017
Coinbase (CoinMarketCap 10/10, CoinGecko 8.8/10)
Cryptocurrencies: 65 / Trading pairs: 217
Daily trading volume: $9.7 billion
Exchange trading commission: from 0.04%
No account verification
Start of trading – 2017
Bybit (CoinMarketCap 10/10, CoinGecko 7.1/10)
Cryptocurrencies: 10 / Trading pairs: 12
Daily trading volume: $21.3 million
Exchange trading commission: 0.025%
No account verification
Start of trading – 2018
Poloniex (CoinMarketCap 8/10, CoinGecko 6.5/10)
Cryptocurrencies: 187 / Trading pairs: 331
Daily trading volume: $493 million
Exchange trading commission: 0.125%
Deposit/withdrawal of funds in RUB/USD/EUR
No account verification
Start of trading – 2014
Another interesting crypto platform that deserves attention is You Crypto. This is a young developing project that has not yet made it to the top ratings, but it definitely deserves attention. You Crypto has many advanced tools for the trader such as De-Fi crypto exchange, token advertising, price bot. The development team plans to implement useful features such as stoploss and take profit, as well as other useful options of the top cryptocurrency platforms.
It is difficult to say which arbitrage crypto platform is the best. Each trader has his own evaluation criteria. Over time, you will definitely find your crypto platform. And if you need advice from professionals in the field of cryptocurrencies, contact Beurop specialists anytime.