There are different cryptocurrency exchanges all over the world. Each of them is going to have different solutions and products that would fit your needs. This is why we have decided to do a guide on the top 4 cryptocurrency exchanges for 2021.
Although these are not all the cryptocurrency exchanges available, we consider they can be very useful. As we mentioned before, they will have different functionalities and solutions. This is why you should choose carefully and try getting the services that would fulfil your needs.
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Binance is one of the latest and most popular crypto exchanges in the world. In recent years, this platform has added a large number of solutions and functionalities for users. Nowadays you do not only trade using Binance but you get access to wider use-cases linked to the crypto market.
For example, you will be able to trade with derivatives (futures and margin trading). You will also have the possibility to stake coins and be part of crypto networks. In addition to it, Binance is offering DeFi-like solutions such as token swaps, borrowing and lending and more.
If you are searching for solutions that would allow you to get access to the entire crypto space, then Binance is going to be the right choice for you. Nonetheless, the exchange has a deep integration with its Binance Coin (BNB) token, which makes it somehow difficult for users to get access to full solutions without holding large amounts of BNB. Additionally, the platform has high withdrawal fees that discourage users to leave the platform.
Coinbase is also one of the holdest and most recognized crypto trading platforms in the market. Compared to Binance, it offers fewer solutions and it does not have such deep integration with other solutions in the crypto space.
However, they do not have their own cryptocurrency. That makes it easier for users to enjoy the services they are currently offering. While Binance pushes you to use their BNB token, Coinbase offers services to users without focusing on an exchange-based digital asset.
It is also worth mentioning that if you are looking for a regulated exchange, Coinbase is going to be the right choice for you. The company has close contact with U.S. authorities and they are usually working in order to be compliant with all the local regulations.
Finally, Coinbase will be a great platform for newcomers to the crypto industry. It is very intuitive, easy to use and it also includes a crypto platform for advanced traders that want to have access to even more features.
BitMex is another popular exchange that has been offering some of the most advanced solutions for traders in the industry. This is why we have decided to add it to our list of top 4 cryptocurrency exchanges for 2021.
The main feature of BitMex is that it allows users to trade futures contracts tied to different cryptocurrencies. Users can use leverage and short or long the market. This is something that in spot exchanges such as Binance and Coinbase you cannot do. However, Binance has opened its own derivatives exchange where you can trade with leverage as well.
BitMex is also a company that is providing valuable information about the entire crypto market. That includes information about digital assets, blockchain networks and other things. Thus, this is a very complete and clear platform for advanced traders. If you are a newcomer, you might prefer to start using Coinbase rather than BitMex. But that’s up to you on how you want to trade.
Bitstamp is one of the largest and most popular cryptocurrency exchanges in Europe. The platform has been working for several years and it is now helping individuals to get access to the largest cryptocurrencies in the world.
The platform is working with fiat currencies, including the Euro (EUR), for users to handle virtual currencies. In this way, by simply linking your bank account to this platform, you will be able to get access to some of the most reliable platforms in the market.
Furthermore, they have a very clear fee schedule for all their trading pairs. This makes it easier for traders to calculate their returns and profits while day-trading or swing-trading. Finally, this is also a company that is highly regulated and that will allow you to trade digital assets if you are a newcomer.
In the future, this platform might start offering other solutions to have even better integration with the crypto space.
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