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In this article, I’m going to list out, and explain the best crypto exchange that can be used for various purposes such as buying Bitcoin and altcoins, trading cryptocurrencies.
The list is perfectly suitable for the beginners also, these can be used to pro traders as well.
Normally, selecting the trusted cryptocurrency exchange is not easy because there are many scams exchanges that exist.
So, I have listed these best crypto exchanges according to the facts that are previous reputation, trading fees, KYC requirement, and regulatory status, fiat currency gateways, no of altcoins that can be traded on the exchange, beginner’s friendliness, and user interface, etc.
9 Best crypto exchange to watch in 2020
Let’s dive into the best crypto exchange to watch in 2020,
#1 Coinbase – best beginner friendly crypto exchange
Coinbase is US based San-Francisco headquartered, regulated popular cryptocurrency broker and exchange founded by Brian Armstrong back in 2012.
It is a beginner-friendly exchange mainly it can be used to buy the Bitcoin and few other cryptocurrencies with fiat money through the credit or debit card, bank account, bank transfers.
Normally, Coinbase can be used as an ultra-secure wallet which is support worldwide. If your region does not support buy/sell or convert feature but still, you can use Coinbase as a wallet.
Coinbase Pro is an advanced cryptocurrency exchange for the professional traders and now offers margin trading. Also, it lists enough altcoins, unlike regular Coinbase exchange.
Coinbase Earn is a program that pays the listed coins for learning and solving the simple quizzes where you can earn up to $160+.
Coinbase fee structure
According to the Coinbase help center, the fee structure is quite complicated but Coinbase offers the pair fees for both trading and cryptocurrency buying if you want to know more about the Coinbase fee structure check the guide Coinbase fees disclosure.
Coinbase pros
Coinbase cons
#2 Cex.io – a best crypto exchange that supports credit card purchases worldwide
Cex.io UK registered, legally compliance cryptocurrency broker and exchange mainly focus to provides the fiat-crypto payments with the credit or debit cards, swift transfer, ACH transfer.
The Cex.io is founded back in 2013 where it operates many offices around the world such as in the UK, US, Ukraine, Cyprus, and Gibraltar.
Also, it offers the beginner-friendly trading platform for the active cryptocurrency traders. Currently, it lists the top cryptos such as Bitcoin, Ethereum, Litecoin, Ripple, Tezos, Bitcoin Cash, etc and also, available major fiat markets such as USD, EUR, GBP, and RUB.
Cex.io supports worldwide (except few countries) services for buy/sell bitcoin with fiat currencies and it offers fiat withdrawals for credit cards, wire transfer, etc.
Also, Cex.io comes with strong security features such as 2FA authentication, full data encryption and compliance with PCI DDI standards.
Recently, Cex.io has introduced the margin trading and staking feature in its platform. You can earn a decent income by staking your staking coins on Cex.io staking, currently, it supports the ATOM, XTZ, TRX, ONT, NEO, MHC staking coins.
Cex.io fee structure
Cex.io offers the pair fees of fiat deposit and withdrawal through the various payment methods. Cex.io charges zero fees for fiat deposit with the ACH, Bank transfer.
Considering the Cex.io trading fees, the fee varies with the trading volume of the month.
Cex.io pros
Cex.io cons
#3 Binance – best crypto exchange for altcoin trading
Binance is a world-leading, one of the best crypto exchange and altcoin trading platform which is founded by the Changpeng Zhao back in 2017. Currently, it owns the over 300K daily active user base, and its many cryptocurrency-related products attract many investors and professional traders all around the world.
Binance provides an institutive user interface and there are two types of charts which are the native Binance chart & trading view chart.
Also, Binance offers margin, OTC, derivatives trading additionally, regular spot trading.
The exchange has integrated the fiat payment via a bunch of third-party payment processes such as Simplex, Koinal, Trustoken, and Paxos, etc. In case, fees may be different when you buy any cryptos.
Alongside the Binance exchange, it consists of many crypto-related products such as Binance academy, Binance charity, Binance research, Binance Labs, Launchpad, etc.
Here is the list of Binance related crypto exchanges created for various purposes,
Binance also, offers the cryptos staking, in case, you can earn extra income of your altcoin holdings currently, it supports many staking coins such as ALGO, EOS, ATOM, TRX, XTZ, ARPA, TROY, LSK, THETA, LOOM, KAVA, ONE, FET, STRAT, QTUM, KMD, VET, ONT, XLM, ERD.
Binance fee structure
Binance fiat deposits charge high fees up to 5%, which may vary with the third-party payment processor.
Bitcoin and altcoin deposit is free of charge and withdrawal fee varies with the coins or tokens.
Regular spot trading fee varies with the monthly trading volume, account type, and BNB coin holding but the trading fee is pair and sees the following table,
Also, the margin and the futures trading fee varies with the monthly trading volume and account type.
Binance pros
Binance cons
#4 Bittrex
Bittrex is a US-based, trusted and secure cryptocurrency exchange also, Bittrex global is for the international customers that is operated in the Zurich, Liechtenstein.
Bittrex consists of the fast trading execution, cutting edge industry security practice where still, Bittrex has not affected any security issues for years. Bittrex offers customer side 2FA authentication for login, withdrawal, also, it detects the IP of the user every time when trying to log in the platform.
Bittrex offers the eye-catching user interface, so it is easy to use for the beginners as well, recently they have integrated the Trading view charts.
Also, you can deposit the fiat money with the domestic and international wire transfers, that can be used to buy Bitcoin and other altcoins.
Bittrex fee structure
Bittrex trading fee depends on the monthly trading volume, so check out the article that explains the Bittrex fee structure.
Bittrex pros
Bittrex cons
#5 Kraken
Kraken is one of the oldest cryptocurrency exchanges operated since 2011, based in California, United States. Kraken exchange offers beginners to buy the Bitcoin & altcoins with the fiat deposit through the Bank transfer and wire transfers.
Kraken offers amazing user interface, industry-standard security features and offers the advanced charts for the professional traders.
In terms of crypto trading, Kraken offers margin, futures, OTC, trading additionality to cryptocurrency spot trading.
Kraken fee structure
Kraken offers the pair fees for both spot trading, and margin trading. The fees depend on the monthly trading volume and maker and taker trade execution.
Kraken pros
Kraken cons
#6 Changelly – best crypto exchange to swap coins & tokens instantly
Changelly is a non-custodial instant, the best crypto exchange which means Changelly does not hold the user’s funds in their exchange or cold storage.
The exchange is operated since 2015 and it offers pair exchange rates, fast transactions, Therefore, many businesses have integrated instant crypto swap features through the Changelly API.
Changelly offers the fiat payment through the third-party payment processer called Simplex hence the fiat deposit fee is a little higher the regular exchange fiat deposit fees. The advantage is, you can buy many altcoins with USD, EUR, GBP rather than top cryptos such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, etc.
Changelly instant swap feature is extremely powerful and fast, you can exchange many cryptos with each other.
Changelly fee structure
Changelly only charges 0.25% of the total transactions when crypto exchanges each other. Fiat deposit fee is about 5% of the total transaction amount, there may apply the network fee also.
Changelly pros
Changelly cons
#7 Kucoin
Kucoin is a leading, trusted cryptocurrency exchange that was founded back in 2017 and operated in Seychelles. Kucoin exchange comes with the native cryptocurrency called Kucoin Shares (KCS) where the Kucoin exchange pays interest for holding the KCS coin.
Kucoin offers the 2FA authentication for its users, and it consists of the amazing user interface as well as Kucoin has integrated the trading view charts for the professional traders.
Also, you can buy Bitcoin and other top altcoins through the third-party payment processor such as Simplex, Banxa.
Kucoin also, offers the cryptos staking, in case, you can earn extra income of your altcoin holdings where it supports many staking coins such as ALGO, AION, EOS, ATOM, TRX, NRG, XTZ, PIVX, and many more.
Kucoin fee structure
Kucoin Bitcoin & altcoin deposit is free of charge and there is quite a complicated fee structure applies for the spot trading where the trading fees vary with the Kucoin membership. Check the article that explains Kucoin membership and relevant fees.
Kucoin pros
Kucoin cons
#8 OKEx
OKEx is a world-leading cryptocurrency exchange that provides advanced cryptocurrency-related products for the beginners and pro traders over the 100+ countries.
OKEx consists of the industry-leading security standards to prevent its user’s funds and experience.
Also, it comes with the native coin called OKB and it is powered by the OKchain blockchain.
OKEx has integrated the third-party payment processors (such as Koinal, Xanpool, Banza, Indacoin, Simplex, MoonPay, Mercuryo), to facilitate the fiat payments for few coins such as USDT, Bitcoin, Ethereum, Litecoin, XRP, and OKB.
OKEx offers the staking feature with OKEx pool, so you can stake the top staking coins on their staking pool, currently, it supports the DAI, VSYS, CRO, EOS, IOST, ATOM, YOU, XTZ.
OKEx fee structure
OKEx offers an interesting fee schedule for both spot trading and futures trading and the fees depend on the platform account level, VIP membership, and monthly trading volume. Check out the article that explains the OKEx fee schedule.
OKEx pros
OKEx cons
#9 Gate.io
Gate.io is one of the leading, trust cryptocurrency exchange that is operated since 2017 by the Gate Technology Inc based in the Cayman Island.
It comes with strong security features and an amazing user interface for beginners. The platform consists of many other crypto-related products and also, perfectly suitable for the pro traders.
Currently, Gate.io offers spot trading, margin trading, and derivative trading for advanced crypto traders.
Gate.io does not support the fiat payment, in case, you have to use USDT or any supported stable coin to prevent stable value.
Gate.io fee structure
Gate.io crypto deposit is completely free of charge and the withdrawal fee varies with the coins/tokens.
The trading fee is varied with a VIP membership, GT holdings, and 30-day BTC volume. Check the article that explains Gate.io spot, futures, and lending fee structure.
Gate.io pros
Gate.io cons
FAQs – Best crypto exchange to watch in 2020
Which best crypto exchange has the most coins?
Currently, Binance supports more than 200+ top altcoins around. Also, Kucoin and Gate.io support than 100+ cryptos
Which bitcoin exchange is best?
In terms of popularity, and reputation Coinbase is best Bitcoin exchange but it does not support worldwide. Also, Cex.io supports buying Bitcoin worldwide except few countries
What is the best Cryptocurrency to invest in 2020?
In this case, definitely it should be Bitcoin & Ethereum if you are a beginner. If you are looking something special coins to invest in, check best cryptocurrency watch in 2020
What is the most trusted Crypto exchange?
According to the reputation, Coinbase is the most trusted, regulated cryptocurrency exchange out there. If you are looking for spot trading, Binance is good one
How can I buy Bitcoin with a debit card?
You can buy Bitcoin with a debit card on Coinbase, Cex.o, Coinmama exchange. These three exchange consists of a good industry reputation and established one purchase Bitcoin.
Conclusion – Best crypto exchange to watch in 2020
In this article, I have discussed & reviewed the 9 best crypto exchange to watch in 2020. Throughout the article, you will be able to find out exchange features, exchange trading fees, and exchange pros and cons.
The list includes Coinbase, Cex.io, Binance, Bittrex, Gate.io, Kraken, OKEx, Kucoin, and Changelly, etc.
Other helpful readings,
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