If you would ask me what´s the best cryptocurrency exchange, I would give you the following answer: The best cryptocurrency exchange does not exist because it all depends on what you want to do. There are different exchanges that are really good depending on what you want to do.
Here they are, the TOP 6 Centralized Cryptocurrency Exchanges in no particular order.
1. Coinlist - Presale King
The Holy Grail of cryptocurrency investing is finding the 100x low market cap gem before it even makes it to the market. This requires you to participate in Initial Coin Offerings (ICOs) or token presales.
The CoinList exchange is for sure one of the best places to find promising and, most important of all, legit ICOs. Coinlist says about itself that "CoinList is where you get access to the best new tokens before they list on other exchanges" and the past ICOs have all been successful so far.
2. CoinSmart - The Simple One
Coinsmart is a cryptocurrency exchange based in Toronto, Canada. It was founded by Justin Hartzman and Jeremy Koven. They believed from their experience that cryptocurrency exchanges were quite complicated and not well suited to those new to cryptocurrency trading. That`s why they began by developing a user-friendly exchange.
So far, I am experiencing CoinSmart as really user-friendly and easy to use. Because there aren´t many different cryptocurrencies tradable on CoinSmart, I would recommend this exchange especially to beginners who just want to acquire some Bitcoin or Ethereum in a simple and easy way.
3. Binance - All in one Exchange
I guess that most of you are already registered on the Binance exchange as it is one of the most well-known and well-established cryptocurrency exchanges. Those of you who are not trading on Binance yet should consider joining because the exchange is not only trustworthy but also offering some brilliant features.
I already wrote some posts about different features of Binance. Covering all of them in this post would be simply too much.
So if you like to know more about Binance, please check some of my older posts that you can find here:
4. KuCoin - Home of Low Market Cap Gems
Personally, I have discovered KuCoin as a great place to find the next low market cap gem that has the potential to 100x. KuCoin has listed a bunch of coins and tokens that you can`t trade on big exchanges like Coinbase or Binance like $AMPL, $PRE, or $DFI.
The cool thing about KuCoin is that they have a blog here on Publish0x called "KuCoin Crypto Gem Observer". I recommend that you simply follow KuCoin`s blog here on Publish0x. In this way, you will always stay well-informed about newly listed projects. This will help you to find the next crypto gem on KuCoin.
5. Coinbase - Mother of Learn and Earn
Coinbase is one of the most used cryptocurrency exchanges worldwide despite their shitty customer service.
There is a one really cool feature that Coinbase offers which is their legendary learn & earn program.
The Coinbase Earn program wants to familiarize the users with the specifics of different cryptocurrencies. Therefore you have to watch short educational videos from one to three minutes in length about these cryptocurrencies. After you have watched the videos, you have to solve a short and simple quiz about the video that you have just seen. With every correct answer, you get a few dollars for free from that cryptocurrency directly and immediately.
The verification process can be a little bit tricky: How to Register and Verify your Coinbase Trading Account - Tutorial
6. BitYard - Making Contract Trading Easy
If you want to do contract trading then you should definitely check out BitYard, the best place for contract trading.
I would say that contract trading is at least for experienced traders. This means that you should have done some regular spot trading before you start with contract trading. Some basic knowledge about technical analysis is probably also helpful.
So you don`t need to be a professional but you should know how cryptocurrency exchanges are working.
The good thing is that BitYard offers professional tools for contract trading that are very user-friendly and easy to use. BitYard is also offering a demo tool to practice contract trading. In this way, BitYard helps you to become a professional sooner or later.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of the benefit of using different cryptocurrency exchanges and not just one. My intention is not to replace your own research. However, it really reflects my own opinion.
This post contains my referral links to the according to exchanges. If you use them, you can get different benefits like a bonus or reduced trading fees. If you don´t use them, you won´t get these benefits. At the same time, you can also support me without having to pay anything extra.
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