Cryptocurrencies are all the rage these days as everyday investors are turning into multi millionaires overnight.  Each day new coins are released and getting pumped hard. To buy cryptocurrency you’ll always require a cryptocurrency exchange which works like any traditional exchange but online.  Here we will review the top crypto exchanges for 2021.

Deciding which coin to invest in is no doubt the main step of your initial crypto journey. Choosing the right exchange can also be a critical decision as not all are created equal. So here we have listed the top 7 cryptocurrency exchanges for 2021 for you to pick the right one depending on your geo-location, funds limits and choice of cryptocurrency.

1.   Binance

Binance (founded in 2017 in the Cayman Islands) stands first on our list as it is one of the most commonly used exchange in the United States. Binance (rated 9.9) collects the largest cryptocurrency volume (as of today it’s $30,908,300,998) and has the largest number of active users. Binance was founded by Changpeng Zhao and was initially based in China. Binance has 30,790,998 visits on average weekly.

Binance offers the lowest possible fees compared to other competitors and supports the largest number of cryptocurrency coins and tokens (more than 1500).

Easy of access defines how easily can a user trade cryptocurrency on the platform. An absolute beginner might find it difficult to trade on Binance as is mainly for moderate to advanced level traders.

2.   Coinbase Exchange

Coinbase Exchange (rated 9.0)  ranks second on CoinMarketCap crypto exchange based on its 24h trading volume of $6,579,425,475 equivalent to 101,243 BTC. Coinbase Exchange has weekly visits of over 3,418,423 and it currently supports 119 coins and 3 main Fiat USD, EUR, GBP.

Coinbase exchange is extremely user-friendly and easy to use, making it perfect for beginners. The interface of the Coinbase wallet is easy to use and focused for the beginner however, the Coinbase pro interface is like the one Binance has it comes with advanced tools to assist the trained traders. Coinbase has fairly lower fees.

3.   KuCoin

KuCoin Exchange (rated.8.6) ranks third on CoinMarketCap crypto exchange based on the 24h trading volume of $3,739,396,707 equivalent to 92,150 BTC. Coinbase Exchange has weekly visits of over 2,229,387 and it currently supports 987 pairs.

KuCoin Exchange was launched in September 2017 and located in Seychelles. It offers a large number of cryptocurrency pairs to trade on. The exchange focuses more on quality projects that are more reliable and secure. On September 20, 2020, the exchange got hacked and funds worth a million dollars were stolen from the users. The attack was the fourth-largest hack on any exchange stealing $280 million. Through use of its blockchain tool 84% of the funds stolen were recovered. The rest of the losses were covered by the exchange itself. The appropriate response to the exchange earned traders’ and investors’ respect and trust.

About the KuCoin Exchange fees, if compared to Binance, both start at the minimum of 0.1% but as the trade volume increases, KuCoin Exchange stands as the winner for the lower rate when there is an increase in trading volume.

4.   Kraken Exchange

KuCoin Exchange (rated.8.5) ranks fourth on CoinMarketCap crypto exchange based on the 24h trading volume of $1,993,953,738 equivalent to 35,723 BTC. Coinbase Exchange has weekly visits of over 2,406,006 and it currently supports 374 pairs. Kraken Exchange supports every type of trader from beginner to expert to trade and invest with trust and ease of use.

Kraken Exchange is different for a different levels of traders and platforms. Following are the deposit fees for instant buy.

To find more about Kraken Exchange Fees, click here.

5.   OkEx

OkEx Exchange (rated 6.7) ranks 21st on CoinMarketCap crypto exchange based on the 24h trading volume of $10,750,587,653 equivalent to 423,541 BTC. Coinbase Exchange has weekly visits of over 1,215,097 and it currently supports 670 pairs. Most pairs are offered in USDT, BTC, USDK, ETH, and OKB.

OkEx exchange may have lower trading volume but it stands fifth in our list for its amazing ease of use as it is supported by 200+ countries. OkEx exchange has two outlooks, wallet mode for beginners and instant buys and advance mode to aid the experienced trader with the latest trading tools and indicators.

• 6 Mainstream Tokens
• 180+ Fiat Currencies accepted across the Globe
• 6 Payment Channels including the following:
  • Simplex
  • Koinal
  • Banxa
  • Koinal
  • Mercuryo
  • MoonPay
• 17 Payment Options including covering VISA, MasterCard, bank transfer, Apple Pay, and more.

OkEx exchange claims to be the best spot and futures trading app. OkEx exchanges charger relatively lower fees as makers get 0.08% and takers pay 0.10% fee.

Lower fees vast range of trading pairs and high liquidity are the main traits of OkEx Exchange.

6.   AscendEX Exchange

AscendEX, formerly known as Bitmax ranks 26th with respect to volume on CoinMarketCap. AscendEX is rated 6.0 on CoinMarketCap and has 24 hours volume of $215,455,611 equivalent to 4333 BTC. AscendEX has weekly visits of over 573,226 and it currently supports 303 coins with a wide range of crypto pairs. Most pairs are offered in USDT, BTC, and ETH.

With the motto of “Efficiency, Resilience, and Transparency” AscendEX is a global digital asset financial platform providing the service of trading, staking, Margin Trading, and DeFi Yield Forming. The bigger cost of using this exchange is that the exchange does not accept the US-based investor however it still functions in more than 200+ countries. The exchange provides two modes one for the absolute beginners and the other for the trained traders.

You can learn more about fees like Interest Rate, Maximum Borrowable Limit, and Withdrawal Fees from here.

7.   PancakeSwap Exchange

PancakeSwap Exchange is an Automated Money Maker (AMM) tool that is used to swap the Binance Smart Chain (BEP20) tokens against a liquidity pool. From swapping BEP20 tokens to LP Tokens and Staking, PancakeSwap is a complete tool mostly used by the new projects to gain visibility and name on the internet. The FLIP tokens and Syrup Pools are the additional features of this exchange. You can use the services of PancakeSwap Exchange by connecting your Metamask or TrustWallet or other.

Traders will require Binance Coin (BNB) as the fee to pay trading fees.

In this list of exchanges, we tried to provide the best exchanges from a various perspectives based on volume, popularity, ease of use and services they provide.

Please check out our other hand-picked crypto related content below:

How to Avoid Tax on Cryptocurrency Gains

Best Cryptocurrency Investments

How to Buy Property with Cryptocurrency

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