Top Cryptocurrency Exchanges “Now and in the Future!”

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Review overview

COINBASE
8.7
KRAKEN
8.4
BINANCE
9.1
ROBINHOOD
8.6
HUOBI
8.5
BYBIT
8.9
BITMEX
9.0

The crypto industry has lived up to its reputation of being highly volatile. It’s not just the crypto prices that are volatile but also the wider market scene of leading companies and exchanges. After recent development, the crypto exchange industry has seen massive changes, especially after top trading platforms like FTX have fallen.

We have brought you this updated guide on the top cryptocurrency exchanges so you know which trading platforms are best to use today. We’ve evaluated the best trading platforms in the crypto world for a wide range of factors including but not limited to trading volume, features, number of coins, transparency, and security.

Top 8 Crypto Exchanges on the Market

  • Binance – Largest Crypto Exchange
  • BitMEX – Best for Derivative Trading
  • Coinbase Pro – Best for Trading Large Funds
  • Bybit – Best for Transaction Speed
  • Kraken – Best for Transparency
  • Huobi – Best for Extensive Cryptocurrency Listing
  • Robinhood – Best for Ease of Use
  • Tradestation – Best for Advanced Traders

Which Cryptocurrency Exchanges you use may depend on many factors. However, where you live and what you seek to do with your cryptocurrency are two of the most important determining factors.

We have considered a variety of factors to come up with this list of top crypto exchanges. Our ranking methodology includes trading volume, trading features, transparency, and security as the most important components of a good crypto exchange. We also looked at additional features such as the number of coins listed, compatibility with crypto trading signals, transaction speed, and extra offerings.

Read the Ranking Methodology section below to find out more about how we chose the top cryptocurrency exchanges.

Top Cryptocurrency Exchanges: Which is the Best?

Below we will take you through the best crypto exchanges and give you an idea of who is who. From there you can see which is the best fit for you now and in the future. Makes no difference if maybe you want to learn to make a portfolio, or update your portfolio strategies and make sure your crypto exchange has the coins and trading volume.

Not just that, quality crypto exchanges also offer a resource center for your learning. We have the list of best crypto exchanges for your trading signals needs as well. Basically, we cover all aspects here.

Binance – Largest Crypto Exchange by Trading Volume

Binance is the #1 Exchange in Crypto bar none. The scope of which they cover all types/markets leaves other crypto exchanges in the dust. They now also offer margin/futures trading. If you want to read about them in our Binance Review “A Tale of 2 Powerful Exchanges” feel free!

4 main reasons Binance has taken over
  • Fiat currency to Crypto Trading
  • Crypto to Crypto Trading
  • Crypto to Derivatives Trading
  • DEX Trading

As if this was not enough they also now provide a U.S.-regulated crypto exchange option, covering all bases and giving great legitimacy to their business. With Binance.us they made a move similar to Etoro to forward their business model.

This was a strategically intelligent move by Binance in our view. There are many Binance automatic trader bots out there right now high in popularity. Many different crypto signals telegram channels use the Binance bots. Binance for sure has a lead here.

Binance Crypto Interface

Binance has not stopped there they continue to expand their offering from A to Z. It is dizzying to see the number of options Binance has offered things such as.

  • The Binance Earn
  • Binance Smart Pool
  • Branded Binance Visa Card
  • Crypto Loans Option
  • Liquid Swap
  • P2P Bank Transfers
  • OTC for large trades
  • Margin
  • 3 Types of interfaces by level

Currently, they really can’t be beaten with their offering and it seems they are not slowing down either. Again you can find the best crypto signals being used with Binance automatic trader bots. Binance gives you three different levels for their interface for users. This makes the platform usable for beginners to advanced users The lower fees vs most competitors and plethora of options make them #1 We have written a full Binance review here enjoy.

Transparency: Binance was not very transparent with its reserves historically but has taken big steps in 2022 to build trust among its users. It has made its wallet address public and issues monthly reserves holding reports for its BUSD stablecoin. CEO Changpeng Zhao has also committed to providing regular Proof of Reserves reports in the future.

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BitMEX – Best for Derivative Trading

Cryptocurrency Exchange Bitmex

Bitmex is the biggest story of 2020 and likely to be a big disappointment in the crypto trading universe. Early on from their start Bitmex engaged in the manipulation of their platform against their own users.

Along with the lack of any AML/KYC policies, this gave a door to prosecutors in the United States. Now the future of this platform is in great doubt.

The sad part of all of this is that Bitmex is the most secure and well-programmed trading platform in Crypto bar none. Binance might offer more options and bells and whistles, but pure raw trading does not compare.

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Volume on this crypto exchange has dropped off like a lemming falling off a mountain. Many other platforms have benefited from the Bitmex fall.

Arthur Hayes developed an institutional-grade platform for traders. Unfortunately, he and his gang decided to use it with malfeasance it seems.

Bitmex vs USA

As we can see the amount of complaints by Bitmex and their actions, also has lead to Arthur Hayes stepping down from Bitmex. Him and his fellow owners have had criminal charges filed against them even. Very sad the best platform for trading is destroyed by the greed and stupidity of its owners.

Again I hope they overcome the charges as this is IMO the best trading platform in crypto. For now they will remain a fallen star and one to avoid until issues with the U.S. regulators are resolved.

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Coinbase Pro – Best for Trading Large Funds

Cryptocurrency Exchange Coinbase Pro

Coinbase Pro is really for higher net worth individuals seeking mainly safety above all. This is the best option for those of us who want a safe place to trade our crypto. Coinbase Pro compared to their competition price themselves out of the market for the higher trading volume/lower crypto exchange account balances.

Coinbase Pro Interface

Unless you have at least 100k or above this crypto exchange might not be for you. The real price advantage of using this platform is with larger trade sizes, add the safety of funds. FDIC “Federal Deposit Insurance Corporation” is important to professionals and Institutions. Coinbase Pro has that for the smart money.

The smart money/institutions will use this option to get into Bitcoin and Ethereum in size. They won’t risk scam exchanges with limited pedigrees. Many of these higher volume Asian exchanges just don’t measure up.

Coinbase Pro is for those with larger funds and in need of both quality and safety.

Bybit – Best for Transaction Speed

Bybit Review

We recently added Bybit to our reviews on January 21st, 2021. This crypto exchange is a new up and comer from the past few years.

Similarly, look and feel to the Binance exchange but being 100% a derivatives crypto exchange like Bitmex, FTX, Deribit among others. You can read about them in our Bybit Review – The New Bitmex? “Powerful Options Exchange”

Bybit Signup
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Bybit claim to fame is their speed with over 100 TPS { Transactions Per Second } capability, they are ready to scale into the future.

interface

Another nice feature outside of the easy-to-use speedy interface of Bybit is their deposit options. They accept BTC, ETH, XRP, EOS and USDT.

Cryptocurrency Exchange: Fiat Currency Gateway

Bybit Fiat Gateway

But my favorite feature of Bybit is their easy-to-use FIAT GATEWAY onramp. Making converting your currency into crypto a snap! Below we list the Bybit advantages.

  • Easy-to-use trading platform
  • Speedy transaction speeds
  • Multiple coins for deposit
  • Easy to use FIAT Gateway

This may be a no-frills derivatives crypto exchange, but for those worried about Bitmex’s future. At least you have a good options here of crypto exchanges that are quick and easy to use and have multiple deposit options for users.

Kraken – Best for Transparency

Cryptocurrency Exchange Kraken

Kraken a humble #3 crypto exchange. This IMO was the first exchange to be cited as legit. This crypto exchange started back in 2011 and is one of the oldest. The company itself are pure crypto geeks and likely has zero business or marketing knowledge. Still, outside of Coinbase pro Kraken has been the go-to crypto exchange for safety and reliability.

Jesse Powell is a hero in the cryptosphere, if you would like to read the in-depth review about him and Kraken please feel free “Kraken Exchange Review“.

Kraken Crypto Exchange Interface

Kraken is an unsung here to crypto adoption, one of the backbones of helping bitcoin adoption imo. They have the perfect balance of security/fee structure and use-ability. Jesse Powell helped with the Mt. Gox debacle in processing claims back in the day. They have good liquidity and are third to only Coinbase Pro and Bitmex in terms of security.

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Another great thing about Kraken is how they employ an independent cryptographically verified audit for their customers. This ensures the crypto exchange funds are correctly held. Powell really deserves some credit for being the all-around good guy for BTC and the Crypto Sphere in general.

Kraken is very popular with clients in the USA and Europe. A good choice for smart traders. If you want low trading fees, high security, dark pool order book for large orders and just high-quality service. Well, Kraken is for you!

Huobi – Best for Extensive Cryptocurrency Listing

Cryptocurrency Exchange Huobi

Huobi is Right there with Okek in terms of trading volume and scope. The main difference between the two best crypto exchanges for the Asian community is Huobi has not been hacked. Unlike many other Asian exchanges which I am not sure why the vast majority of Asian exchanges get hacked!?

Huobi Security Vulnerability

Simply put at least Huobi has not been and seems to be a safe choice for users in that region. They have a large selection of altcoins for users to choose and a fairly simple interface. They are based in Singapore yet most of their market is China-centric.

Cryptocurrency trading fees are pretty standard around 0.20% which is the middle of the road for most best crypto exchanges. Now again to note they have a poor rating on security D+ which makes them vulnerable to future hacks. Imo most Asian exchanges are just too risky for holding any real funds, but if you little guy in China check them out.

Cryptocurrency Exchanges of the FUTURE!

Cryptocurrency Exchange of the Future

Below are the exchanges we are going to bet on might take over from the old guard of best crypto exchanges. New exchanges are seeking to be regulated and have good security for their users.

The days of the Mt-Gox are behind us and in order to grow we need the paypals and CME. Along with other institutional support for Bitcoin and crypto the future looks bright!

Robinhood – Best for Ease of Use

Cryptocurrency Exchange Robinhood

Robinhood is an overlooked PHENOM that IMO will also take over in crypto. The key to their success has been a combination of focusing on a younger demographic that wants FREE!

The FREE along with very easy to use platform has been a major factor for them taking over in trading volume from their peers in the stocks and options space.

They are also one of the innovators of stock slices/fractional shares where you don’t need to buy full shares of a company anymore. This gives an onramp for those with limited funds to start investing.

Robinhood Crypto No Fees

The simplicity of the app and account setup for trading enthusiasts is amazing. Add the Paypal news of them allowing buying/selling of crypto on their platform are tell tale signs. Institutions and the big players with huge funds are moving into the crypto space at a rapid rate.

If you want an all in one place to trade not only for FREE but with ease. You have no further to look than Robinhood!

Tradestation – Best for Advanced Traders

Cryptocurrency Exchange Tradestation

Tradestation is another recent entry into the crypto market. They are known for technical prowess. A favorite of stock market and commodity traders for the advanced indicators and platform. Though that was way back when, now most of the features it has can be found on a number of platforms.

Still having a TA based platform like Tradestation enter the crypto market just like Paypal is nothing less than a big win. It will be very interesting how these firms will compete in the space and grow crypto adoption across the board.

Tradestation Crypto Trading

For a technical crypto traders this might be a great solution for you. As well Tradestation has a large base of institutional money, which again likely will translate into more bitcoin hodlers and adoption.

Ranking Methodology for Top Crypto Exchanges

Final thoughts on the top Cryptocurrency Exchanges…

The future of the top crypto exchange has yet to be written. We have some clues with regulators and how they might change the landscape. With the recent attack on Bitmex, which honestly they deserved. Too many times they manipulated the market and their own users. No matter how great the platform is, their greed cost them. We have had many reports from Signal Providers on the site of how Bitmex traded against them.

We hope the new crop of low cost high-tech exchanges will bring bitcoin adoption for all new investors and traders. Ethics will be in focus for the future, no more of these BS hack attacks will be accepted by users.

Many of these Asian firms for whatever reason will bear a great deal of scrutiny as they deserve. The vast majority of hacks have been located in their region. Firms that offer insurance and a high degree of security will win the day.

Another strong note is the institutional/smart money coming into the space. They will bring a new customer-centric modus-operandi to our blockchain revolution. Users will have more options and greater “SAFU” safety of funds. Adoption of Bitcoin by the general public will grow and grow, the next ATH break of Bitcoin will likely induce FOMO “Fear Of Missing Out” by a whole new crowd. This panic buying will be imo a sight to see 🙂

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RisingSun
RisingSun
A creative entrepreneur in the tech space, whatever that is as long as we keep the human connection. I love to learn new things, Hands-on Crypto enthusiast with an interest in investing in general. Accepting the world for what it is and learn from its history. Anything you can say has been said already we only change the wording to the times we live in.
The crypto industry has lived up to its reputation of being highly volatile. It's not just the crypto prices that are volatile but also the wider market scene of leading companies and exchanges. After recent development, the crypto exchange industry has seen massive changes,...Top Cryptocurrency Exchanges "Now and in the Future!"