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Best crypto exchange 2021? – Reviews and Knowledge for Everyday Folks

Best crypto exchange 2021? - Reviews and Knowledge for Everyday Folks

The cryptocurrency world is a fast-paced environment with new exchanges popping up every day. It can be difficult to find the right exchange for you, so we compiled a list of six top crypto exchanges and reviewed them based on their fees, security features, customer support and more. Whether you’re an experienced trader or just starting out in this space, these reviews will help give you an idea of what to expect from each exchange.

What makes a good crypto exchange?

One of the most important factors to consider when choosing a crypto exchange is fees. We looked at six top exchanges and ranked them based on their trading fees, with Binance being one of the cheapest out there. If you’re looking for an even cheaper alternative, we recommend KuCoin—which has no fee whatsoever if you use its native token. Another factor that’s worth considering when selecting your crypto exchange: security features like two-factor authentication or multi-signature addresses which are essential in preventing hacks from occurring. In our reviews below, you can see that some exchanges offer these features while others don’t; it’s up to each individual user to decide what level of security they prefer before making any trades.

What are some pros and cons you have to be aware of when choosing a crypto exchange?

– Pros: Some of the pros to choosing a crypto exchange are that it can help you diversify your portfolio and access new coins. You may also be able to buy certain tokens at lower prices than if you were just buying them from an ICO or popular marketplaces like Coinbase, which has been known to charge high fees for purchases made with credit cards.

– Cons: One thing people don’t always think about when they choose their cryptocurrency exchanges is security features; as we mentioned before, some exchanges offer two-factor authentication and multi-signature addresses while others do not. This obviously makes a big difference in how safe your funds are on that particular site so be sure to read reviews carefully before selecting one! Another potential downside of using a crypto

Why do we need a crypto exchange and what are the benefits of using one?

Crypto exchanges act as a platform for trading crypto assets. They enable you to buy, store and sell your cryptocurrency. You can also speculate on the price movements of cryptocurrencies by using leverage which means that you are not spending all of your funds on one trade but rather borrowing some of the money from an exchange to increase your buying power so that you can make more profit when things go well; this is called margin trading where there isn’t much risk because if something goes wrong with your investment then it’s just a matter of time before the loss will be offset by any gains made in other investments.

The best cryptocurrency exchanges of 2021 are:

Coinbase.com

Binance.com

KuCoin.com

Bitfinex.com

HitBTC.com

Huobi.pro

OKEx.com

KrakenFX

The best cryptocurrency exchange for you is the one that fits your needs and allows you to trade with different cryptocurrencies, has a good reputation, offers competitive fees, provides support in many languages or currencies, and includes all the trading features that you need; there isn’t just one right answer but it’s worth checking out each option before making any decisions so that you can find the perfect fit for yourself based on your needs!

Coinbase.com – Sharing the nr1 spot

What are the pros and cons of using Coinbase crypto exchange?

Pros:

-Coinbase is one of the most popular exchanges that allow you to buy and sell Bitcoin, Litecoin, Ethereum, and other cryptocurrencies. It has low fees for buying or selling on their platform (0% if transacted with USD)

-It’s very easy to get started – they have an intuitive interface which makes it simple for even beginners to navigate through the different features and find what they’re looking for quickly

Cons:

-You can only trade BTC/USD pairs at this time; customers in Europe will also be able to purchase Euros using SEPA transfers but there are no plans yet to add GBP trading. If you want access to all major cryptocurrency markets then Coinbase?

Binance.com – Sharing the nr1 spot

What are the pros and cons of using the Binance crypto exchange?

Pros:

-Binance has a great interface and offers the most possible altcoins for trading, with Bitcoin, Ethereum, Ripple as base currencies. This means you can trade all your favourite coins like Stellar Lumens (XLM), Cardano (ADA) or IOTA on one platform! BNB is also available to use in their native currency markets. If it’s security you want then this exchange offers two factor authentication and there are strict limits imposed on API usage too

Cons:

-The cons with Binance crypto exchange is that you have to pay a fee for each transaction. This ends up being quite expensive in the long run, though it does offer higher limits than some other exchanges. This is something that becomes less of an issue if you use BNB Coin while trading. Another con is that there’s a lack of good customer service.

The last thing to know is that Binance recently started requiring users to have an email address and phone number in order to withdraw funds from their account, though this might not be the case for all crypto exchanges.

KuCoin.com

What are the pros and cons of using the KuCoin crypto exchange?

Pros:

-KuCoin offers a lot of different cryptocurrencies, including many rare or hard to find coins. The website is easy to use and Kucoin has mobile apps as well. They also have an active 24/hr customer service team so you can get help in minutes if needed.

Cons:

-Because it’s newer than some other crypto exchanges that have been around for longer, there isn’t much information on KuCoin available online just yet. This means the site may be riskier because not all aspects are fully understood by customers yet (if at all).

The verdict? Pros outweigh the cons when it comes to this exchange and I would recommend checking out their options today!

Bitfinex.com

What are the pros and cons of using Bitfinex crypto exchange?

Bitfinex is one of the biggest crypto exchanges out there. It was founded in 2012 and has been operating since then with no major issues that could be considered a con for now. The website can handle high volumes, a lot more than any other exchange on this list, which means you will likely get your transaction done faster here too – if it’s not an unusually busy day or so (in case of very high volume). There are also many trading options available as well as margin lending features.

Pros:

-It has one of the largest selections of coins to trade including some rare ones like IOTA and Monero making Bitfinex potentially worth checking out for those interested in these currencies specifically;

-The site itself is very easy to use with an intuitive design and the customer service is top-notch

Cons:

-It’s not free to use, there are fees for using margin lending features which could be a dealbreaker for some people;

-Basic verification requires you to verify your identity by uploading scans of both ID cards or passports. This can take up a lot of time depending on how much information needs to be uploaded and it also carries risks since any personal data given out will likely result in getting phished at one point or another (people putting malicious software into public WiFi hotspots etc.). For this reason we don’t recommend Bitfinex if privacy matters – although they do have many security measures in place already.

HitBTC.com

What are the pros and cons of using HitBTC.com crypto exchange?

HitBTC is a very reliable crypto exchange with an intuitive interface and great support. The downsides are that they’re not beginner-friendly, have high fees for takers and don’t offer much in the way of fiat trading pairs – especially USD/EUR.

Summary: HitBTC has great support but not much else going for it

Huobi.pro

What are the pros and cons of using Huobi.pro crypto exchange?

Huobi.pro is a reliable crypto exchange with an intuitive interface and good security measures in place to protect accounts from hacking, phishing etc. Other good features is their Bitcoin Mining

The downsides are that they don’t have a wide variety of altcoin trading pairs, and their customer service is only available in Chinese.

Summary: Huobi.pro has a good interface and security but needs to fix its lack of fiat-crypto trades

OKEx.com

What is OKEx.com?

OKEx.com is a Hong Kong-based crypto exchange with some of the lowest transaction fees in the industry at only 0.01%. They are also very secure and have never been hacked

The downside of using OKEx.com is that they don’t offer many altcoin trading pairs, or any fiat trading options

Summary: OKEx has low transaction fees but lacks variety in its lack of coins

KrakenFX.com

What is KrakenFX .com?

KrakenFX.com is one of the largest and most popular crypto exchanges in the world, with a daily volume trading between 20-30 million USD on average. They offer two unique features that are unmatched by any other exchange: margin trading for those who want to trade larger amounts than they can afford to put at stake, and stop orders where you can make an order but only execute it if the price meets your criteria

What else does KrakenFX offer?

They have one of the widest range of coins available (including fiat options) as well as some excellent security measures like cold storage wallets and SSL encryption over every page

It may be overwhelming for beginners, but the interface is designed with that in mind. They also lack a good search function and some other more advanced features which users might prefer to have available on hand. However, they do offer margin trading as well as stop orders so you can execute your trades if certain criteria are met at a later date (like when bitcoin prices rise)

In terms of security, their cold storage wallets combined with SSL encryption over every page provides peace of mind when storing any cryptocurrency funds there

Their customer service will help resolve any issues quickly and effectively by either providing advice or making sure bugs get fixed promptly

 

To summarise this article we have chosen Coinbase and Binance as our top exchanges 2021, Coinbase for the beginner and Binance for the advanced user.

So are you interested in investing in crypto and let it sit for a while, you should go with coinbase.com, are you more of an active trader, we would advise you to join Binance.com

Please note: This blog post contains affiliate links which means we may get paid commission on products purchased through these links.  This has no effect on our content or ratings as all opinions are our own.

Buy on these exchanges