Cryptocurrencies seem to be extremely popular now, and millions of people trade them every day. It’s easy to find a place to buy some crypto now, but finding a truly reliable and cheap option is a lot more difficult. Literally hundreds of online exchanges offer their services, but how do you choose the best of them? Well, you should definitely analyze their conditions and fees to make a decision. In this article, we help you understand which features are crucial for a good exchange and give you several options.
Crucial features
If you’re looking for a reliable crypto exchange, you should definitely be very careful about the security of your funds. After all, favorable trading conditions are useless when your deposit is at risk. While the entire crypto market seems to be mostly unregulated, there are still signs that can help you spot good platforms. You should learn more about how your funds are stored and how the transactions are being processed. But if you don’t feel like learning, just pick more popular exchanges: they are the safest.
Major crypto exchanges also tend to have the most favorable and transparent trading conditions: lots of people use them, so they have enough resources to be able to attract new users by lowering their fees and commissions. You should also learn about how deposits and withdrawals work: some of the best services may suddenly turn out lacking fiat deposits or having extreme withdrawal time. All in all, the best place to buy crypto is where other people are buying, and we have several options for you.
ByBit
ByBit is one of the leading crypto trading platforms in the world. It offers a wide variety of instruments with a clear emphasis on high-risk crypto derivatives. It doesn’t have any limits for deposits, so you’re free to start trading with just $1 on your account. The leverage reaches 1:200, and the exchange is a very secure one.
Binance
One of the largest crypto exchanges globally, Binance is a very convenient option for novice traders: it has a wide variety of available tokens and a user-friendly customer support that can help you solve all possible problems. The minimum deposit is just $1, and the leverage goes up to 1:10.
Huobi
Huobi Global is another major crypto exchange that has been operating since 2013. It is considered a reputable and secure platform, and it also has an impressive range of available tokens: you can pick a currency pair from more than 300 options.
