Review of best crypto exchanges for beginners in 2024

Crypto exchange provide a platform for investors to participate in the buying, selling, and trading of digital assets like Bitcoin, Dogecoin and other. When choosing a crypto exchange, there are several important factors to take into account, such as regulation, supported cryptocurrencies, and fees.

Just like traditional online brokerages, cryptocurrency exchanges function in a similar manner by providing you with the necessary tools to trade and invest in digital currencies. Beyond offering a secure platform for buying and selling digital currencies and tokens, many crypto exchanges also provide additional features for crypto investments, such as staking, lending, and digital asset custody. This allows investors to explore various ways of managing and growing their cryptocurrency holdings.

Top Crypto Excahnges by Coinatory:

1. Binance Crypto Exchange

Binance stands out as the leader of top crypto exchanges in the cryptocurrency space, boasting the highest daily trading volume that often exceeds $10 billion in a single day. This substantial trading activity ensures ample liquidity, even for emerging cryptocurrencies with relatively small market capitalizations. Moreover, Binance offers the advantage of low trading fees, making it a preferred choice for many traders. While its low fees might be appealing, the platform has run into regulatory issues and is currently under investigation in the U.S.

Binance offers various additional earning opportunities for its users, such as staking, dual investments, and liquidity farming, enabling them to grow your cryptocurrency holdings in different ways.

When it comes to depositing funds, Binance is quite accommodating, accepting dozens of fiat currencies and providing plenty of payment methods. The platform also supports peer-to-peer payments, including Wise, Revolut, Skrill, and Neteller, making it convenient for users to transact. Additionally, Binance welcomes deposits in cryptocurrencies, allowing users to easily fund their accounts with their preferred digital assets. Work in USA.

Related: Get free crypto box from Binance

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2. BingX Crypto Exchange

Bingx is a cryptocurrency exchange and contracts trading platform specializing in differences. It operates similarly to futures trading on the Binance exchange. The platform facilitates the trading of high-speed, secure, and low-fee contracts on a wide range of assets, including cryptocurrencies, indices, and forex pairs.

Founded in 2018 in Taiwan, BingX has rapidly risen to become a prominent player in the cryptocurrency trading arena, offering users the ability to engage in crypto derivatives contracts. The company’s vision from the outset was to lead the way and become a market leader in the world of cryptocurrency exchanges.

BingX is great for cryptocurrency traders of all experience levels, but we think that new traders (or any trader who wants to copy trade) will get the most out of signing up with this exchange. There are extensive copy-trading features, which allow you to mirror the trades of experts.

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3. Coinbase Cryptocurrency Exchange

Coinbase stands as one of the most renowned cryptocurrency exchanges globally, mainly due to its user-friendly interface. An exceptional aspect that sets Coinbase apart from other exchanges is its impeccable security record, having never experienced a hacking incident throughout its existence. This has contributed to building trust among its users.

For novice investors, Coinbase offers an array of excellent features, including straightforward Learn modules that provide an opportunity to earn cryptocurrency at no cost.

However, some users have criticized Coinbase for its high fees, particularly on transactions under $200. Additionally, customer support has been a point of contention for many, as it is limited for most users. Nevertheless, Coinbase does provide an option called Coinbase One, where users can avail priority customer support for a monthly fee of $30. Work in USA.

4. Bybit Cryptocurrency Exchange

Bybit is a cryptocurrency exchange that sets itself apart by not imposing any KYC requirements. Instead, it only requires users to provide a phone number or email address to open an account. This streamlined onboarding process makes it convenient for users to get started quickly.

The platform supports deposits in cryptocurrencies, giving users the flexibility to fund their accounts with various digital assets. Moreover, Bybit allows the use of third-party apps to facilitate the purchase of Bitcoin using traditional fiat money, making it easier for individuals to acquire cryptocurrencies through different channels. This user-friendly approach attracts those who value simplicity and privacy in their cryptocurrency trading experience. Bybit frequently hosts giveaways and promotions for its customers.

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Disclaimer: 

This blog is for educational purposes only. The information we offer is not investment advice. Please always do your own research before investing. Any opinions expressed in this article are not a recommendation that any particular cryptocurrency (or cryptocurrency token/asset/index), cryptocurrency portfolio, transaction, or investment strategy is appropriate for any particular individual.