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How to discover the best crypto exchange to use?


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This post is majorly for new crypto enthusiasts looking for good exchange to explore however it is also beneficial to those who already have an exchange they are using.

Coinmarketcap and Coingecko is one place new users can explore to find out about the ranking of crypto exchanges however one must do other research not to base his/her judgement only on the position the crypto exchange occupies on this platforms.

Other factors like user protection fund, proof of reserve and regulatory compliance must be considered before choosing a CEX especially with the evolving regulatory landscape from different countries which have forced some exchanges out of some countries. From the point listed above, Binance and Bitget take the industry lead in protection fund with $1b and $401m respectively and have verifiable Proof of reserve whose public address can be seen and viewed by their users but when it comes to regulatory compliance, Bitget is number 1 as the exchange is operating in most countries where other top cex are not operational.

The visit to the respective cex website and mobile app also indicate users interest and popularity of the exchanges.

Below is the ranking of top crypto exchanges by weekly visit. The figure below is only for website visit excluding mobile app.

It is important to note that this exchanges were not founded the same year hence it's understandable to see clear difference in the number of website visit.
HTX and Gateio were founded in 2013, 10 years in the industry. Kucoin, Binance and OKX were founded in 2017 and MEXC, Bitget and Bybit were founded in 2018.
The above exchange are all good exchanges for new users to explore.

Which of these crypto exchange do you use and why do you choose it over others?

Screenshot_20231205-181732~2.png

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Transiting into the crypto industry as a newbie and staying profitable even as a seasoned trader depends largely on users' choice of exchange. This is because these exchanges determine the safety of users' assets, accessibility, and general trading experience. I usually consider exchanges with the best security measures, convenience,  products, token availability and so on. I'd say the exchanges captured on the chart are the best exchanges right now in no specific order.

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On 05/12/2023 at 20:19, Wakanda said:

This post is majorly for new crypto enthusiasts looking for good exchange to explore however it is also beneficial to those who already have an exchange they are using.

Coinmarketcap and Coingecko is one place new users can explore to find out about the ranking of crypto exchanges however one must do other research not to base his/her judgement only on the position the crypto exchange occupies on this platforms.

Other factors like user protection fund, proof of reserve and regulatory compliance must be considered before choosing a CEX especially with the evolving regulatory landscape from different countries which have forced some exchanges out of some countries. From the point listed above, Binance and Bitget take the industry lead in protection fund with $1b and $401m respectively and have verifiable Proof of reserve whose public address can be seen and viewed by their users but when it comes to regulatory compliance, Bitget is number 1 as the exchange is operating in most countries where other top cex are not operational.

The visit to the respective cex website and mobile app also indicate users interest and popularity of the exchanges.

Below is the ranking of top crypto exchanges by weekly visit. The figure below is only for website visit excluding mobile app.

It is important to note that this exchanges were not founded the same year hence it's understandable to see clear difference in the number of website visit.
HTX and Gateio were founded in 2013, 10 years in the industry. Kucoin, Binance and OKX were founded in 2017 and MEXC, Bitget and Bybit were founded in 2018.
The above exchange are all good exchanges for new users to explore.

Which of these crypto exchange do you use and why do you choose it over others?

Screenshot_20231205-181732~2.png

It's really remarkable to see that few Exchanges are gearing up to making crypto trading a seamless one & I do love the competition among them. 

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  • 2 weeks later...
On 06/12/2023 at 01:19, Wakanda said:

This post is majorly for new crypto enthusiasts looking for good exchange to explore however it is also beneficial to those who already have an exchange they are using.

Coinmarketcap and Coingecko is one place new users can explore to find out about the ranking of crypto exchanges however one must do other research not to base his/her judgement only on the position the crypto exchange occupies on this platforms.

Other factors like user protection fund, proof of reserve and regulatory compliance must be considered before choosing a CEX especially with the evolving regulatory landscape from different countries which have forced some exchanges out of some countries. From the point listed above, Binance and Bitget take the industry lead in protection fund with $1b and $401m respectively and have verifiable Proof of reserve whose public address can be seen and viewed by their users but when it comes to regulatory compliance, Bitget is number 1 as the exchange is operating in most countries where other top cex are not operational.

The visit to the respective cex website and mobile app also indicate users interest and popularity of the exchanges.

Below is the ranking of top crypto exchanges by weekly visit. The figure below is only for website visit excluding mobile app.

It is important to note that this exchanges were not founded the same year hence it's understandable to see clear difference in the number of website visit.
HTX and Gateio were founded in 2013, 10 years in the industry. Kucoin, Binance and OKX were founded in 2017 and MEXC, Bitget and Bybit were founded in 2018.
The above exchange are all good exchanges for new users to explore.

Which of these crypto exchange do you use and why do you choose it over others?

Screenshot_20231205-181732~2.png

My fav:

For derivatives & spot : Bitget

For P2P: Nance

 

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  • 2 weeks later...
On 16/12/2023 at 04:11, Imam said:

My fav:

For derivatives & spot : Bitget

For P2P: Nance

 

Haven’t tried nance for p2p before , I had always used binance which I believe is very good and efficient. Then for Bitget ; I’ll commend their copy trading features and massive airdrop reward pool 

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I use Binance. There are several reasons why this exchange has become my favorite. First, the user interface is intuitive, especially for beginners. The platform offers a wide range of cryptocurrencies, which is great for diversification. In addition, Binance regularly introduces new features and tools that improve trading capabilities such as betting, futures.  The mobile app is easy to use.

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  • 1 month later...
On 26/12/2023 at 18:59, Markus54 said:

I use Binance. There are several reasons why this exchange has become my favorite. First, the user interface is intuitive, especially for beginners. The platform offers a wide range of cryptocurrencies, which is great for diversification. In addition, Binance regularly introduces new features and tools that improve trading capabilities such as betting, futures.  The mobile app is easy to use.

Yup, undoubtedly Nance is awesome. But the thing is, they only list those projects which are already established on the market. Meanwhile,on exchanges like Bitget, anyone can have early access to new projects before Nance listing!

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