Crypto Exchange Comparisons

This crypto exchange comparison for 2023 will outline the best cryptocurrency platforms on the market today. The reason I’ve decided to show these exchanges is that they all have very special features that I know crypto traders and investors need.

Depending on your own preference you will be able to find the platform best suited for you. Some traders prefer very low trading fees while others just want an exchange with a massive list of coins.

No matter what you are looking for this exchange list will bring value to you. Before you choose a platform make sure you read through the entire article to not miss any important details.

Every cryptocurrency investor is different and for that reason, I’ve made sure to include both exchanges that are made for pure trading and other platforms that are made for investing in cryptocurrencies.

Some of the platforms are instant crypto exchanges, if you haven’t heard about them before, make sure to check them out.

Crypto Exchanges Comparison Table

About the exchanges

Are you a crypto investor or a crypto day trader? It all depends on what your style of trading is. If you are only investing long-term I would recommend that you check out some of the instant platforms in the review. These platforms generally have more coins available and more exotic coins as well.

On most instant platforms you don’t need to sign up or send in KYC documents unless you are going to use your Credit Card. So the best crypto exchanges for investors only looking to find really good cryptocurrencies for buy and hold are definitely some of these platforms.

Another good thing about investing in cryptocurrencies through an instant cryptocurrency exchange is that you will receive all your coins into your own wallets. All the coins you buy or trade on the platform will go directly to your cryptocurrency wallet. There is no account on the exchange to store the tokens. This is all up to you and you can put the coins where ever you want after purchasing them.

Best cryptocurrency exchange for investing long term

1. Changelly
2. SimpleSwap
3. ChangeHero
4. CoinSwitch
5. FixedFloat

This crypto exchange comparison would not be fair if I didn’t include some of the best custodial cryptocurrency platforms. These platforms all have their own order books, they store all the coins on the exchange and often they have more functionalities.

If you are going to actively trade cryptocurrencies I would recommend that you use one of these platforms. Their trading interfaces are more developed and you will be able to enjoy faster execution with market orders directly from the order book.

Centralized cryptocurrencies exchanges are also good at storing coins but they are always running the risks of getting hacked thanks to the centralized server systems.

List of centralized exchanges

1. Binance
2. KuCoin
3. Coinbase
4. Okex
5. Bitfinex
6. Prime XBT
7. ByBit
8. Cex.io
9. Bitmex

All of these cryptocurrency trading sites have very good trading interfaces and you will be able to trade most of their coins with indicators and good charting tools.
These sites are also good if you are looking to invest in the crypto long-term but first, you will have to sign up and send in KYC documents. The signup process is a little bit longer.
How you trade cryptocurrencies once you are on the platforms is very easy. All of these platforms have very well-designed trading interfaces.

What is the largest Crypto Exchange?

Today the largest crypto exchange is Binance and that’s calculated by the actual trade volume.
As of writing this article, Binance has:

• A trading volume of $2.0bn per 24 hour
• A transaction capacity of 1,400,000+ transactions per second
• Cryptocurrency Futures trading
• Cryptocurrency Margin trading
• Cryptocurrency Short trading
• Spot trading
• OTC trading
• Crypto Savings account
• Crypto Staking account
• Mining pool
• Crypto loans
• Crypto derivatives trading

The list of functionalities on Binance goes on and on. It seems like they are adding a new cryptocurrency trading feature every month. It’s very impressive.

Binance also has a lot of foreign currencies and languages supported for traders all over the world.

Fiat currencies supported on Binance

As the largest crypto exchange today I would expect nothing less from Binance.

Supported languages on Binance

• English
• Russian
• Chinese
• Vietnamese
• Turkish
• Korean
• Spanish
• French
• German
• Dutch
• Portugues
• Italian
• Polish
• Ukrainian

You can of course combine your language with any of these fiat currencies available on Binance.

So without any doubt, I will say that Binance is the largest crypto trading platform out there today

What’s the safest Crypto Exchange?

The winner of this competition is definitely Coinbase.

And this is why.

Coinbase is regulated as a money transmission service, which basically means that they are obliged to keep backup funds for all its customers.

Here is what Coinbase said about their regulation.

So when you invest or buy cryptocurrency on Coinbase, all of your funds will be backed up in a safe bank deposit.

Take a look at this post from Coinbase.

This perfectly says that your funds are held in banks, or if you are a foreign investor, in dedicated custodial accounts.

But this is not everything Coinbase has to offer when it comes to safety.

Whenever you invest or buy coins through the platform, all your digital currencies stored offline are so-called “cold storage”. These are wallets that are kept offline and out of reach for any hackers.

This is one of the reasons why Coinbase is the safest crypto exchange on the market today.

Here is what Coinbase said about this security question.

If I were to tell you one cryptocurrency trading platform that is safe to store crypto on, it would be Coinbase. I don’t know of any other platform that goes this far when it comes to cryptocurrency security.

This is why Coinbase has become so popular over the years and I believe they will keep growing with the crypto community for years to come.

Crypto Exchange Comparison – Conclusion

This crypto exchange comparison is meant for traders trying to find the right crypto trading platform. You might be a long-term cryptocurrency investor or a very active cryptocurrency day trader.

No matter what your style of trading is, you should be able to find the best altcoin exchange.

I’ve also mentioned the cryptocurrency platforms with the most coins, the cheapest trading fees, and also the safest cryptocurrency trading exchange I know of.

Go through the crypto exchange comparison table at the top to pick your favorite.