In our article titled “Cryptocurrency Trading”, we explained that you can buy or trade cryptocurrencies from both exchanges and brokers. This time we will look at the exchanges themselves. We have chosen the leading and most trusted global brands to highlight.
Kraken is one of the oldest cryptocurrency exchanges available on the market. It was established in 2011, in San Francisco. It is the official provider of cryptocurrency rates for the Bloomberg platform. In a world where exchanges often face technical problems as well as hacking attacks, Kraken is one of those projects that protects itself well against such problems. You can buy 60 different coins on the exchange and find over 260 pairs for crypto as well as fiat currencies.
Bitstamp is another cryptocurrency exchange. It is one of the oldest on the market and was the first licensed exchange in Europe. It was founded in 2011 and its official registration areas are United Kingdom and Luxembourg. Bitstamp is proud of its partnership with Swiss bank Dukascopy as well as with popular app Revolut, which mediates in cryptocurrency purchases based on the exchange. Bitstamp offers only the most popular coins, among which is of course Bitcoin (BTC). Purchases can be made based on 42 pairs, both for crypto and fiat currencies.
Binance is one of the younger exchanges in the cryptocurrency market, but it is extremely popular. It was founded in 2017. Currently, it is the market leader in terms of exchange volume. It also has its own cryptocurrency called Binance Coin (BNB), which has been settling into the Top 10 projects in the market recently, at the time of writing. Binance also issues its own stablecoin BUSD. This exchange gives us the opportunity to buy over 330 cryptocurrencies and provides as many as 1041 trading pairs.
Bittrex is an exchange established in 2013, in Las Vegas. This platform is one of the best reviewed by its users. It is known for its readability and transparency, as well as its high level of security and low commissions. On the Bittrex exchange we can buy in addition to Bitcoin (BTC) as many as 323 other cryptocurrencies and trade them in 628 pairs.
Huobi is an exchange established in 2013 in Singapore. In terms of exchange volume it is in second place, just behind Binance. Huobi is an interesting platform in that it provides its own version of a cryptocurrency wallet. Like Binance, it also has its own coin called Huobi Token (HT). On the Huobi exchange, we can purchase 311 cryptocurrencies and exchange them in 911 pairs.
Coinbase exchange was established in 2012 in the United States. It would not exist if not for the cooperation with the New York Stock Exchange. It is a platform whose app has recently been breaking records in popularity. Coinbase is appreciated for its simplicity, as well as for its wide support of all kinds of AriDrops. On Coinbase exchange you can buy 46 cryptocurrencies, which can be traded in 129 pairs.
All figures included in the descriptions of exchanges, refer to the day of writing the article. Remember that the development of the cryptocurrency market is very dynamic, which means that the availability of cryptocurrencies on individual platforms may change quickly.