The world has been taken up by cryptocurrencies. Everyone is talking about it and wants to invest in the future financial system. It came and spread opportunities like never before. Crypto fever has spread rapidly throughout the world despite the recent crypto winter and crypto crashes. No matter how much we resist adopting digital currencies, they will remain there and soon become more common. So it is better to know how to deal with cryptocurrencies in detail for 2023 and 2024 markets.
Cryptocurrency investment is scary and intimidating. There is a lot of hearsay that you will lose money if you invest in digital currencies. Yes, you may if you do not choose your exchange wisely. To make use of cryptocurrencies, there are exchanges that help you buy BTC with cash, sell, and transfer your digital currency.
Many scams have happened in the past, and they are continuing to happen. It has never been so easy to put your investment in cryptocurrency. In the past few years, the world of cryptocurrencies has advanced a lot, and they have made trading much safe and easy for 2024 and beyond.
As the first concern of any cryptocurrency trader is its security and safety. Choose the cryptocurrency that would provide you with anonymity, privacy, safety, ease of use, security so you could reach your goals without worrying about online theft in 2023 or 2024.
You need a safe and secure place to buy, sell, and hold your cryptocurrencies. The following ranked list covers the top 5 best cryptocurrency exchange platforms for a trader to exchange their money in 2023 and 2024 are given below.
5 Top Crypto Exchanges Worldwide For 2023-2024
1. Binance
Binance is the top crypto exchange in 2023 and was created back in 2017. It is the best platform for crypto traders and even avoid a catastrophic acquisition of failing FTX and FTX-US. Binance was launched and successfully became part of this large growing ecosystem of cryptocurrencies and blockchain. It offers multiple services, but it is the best platform for crypto to crypto exchange with almost negligible fees of trading.
The platform has its own coin, too, known as BNB, i.e., Binance coin. It is used as a central exchange on the platform. Binance provides a lot more benefits to people who use BNB. For instance, the exchange fee is 0.1%, but if you use BNB, it could be lowered more.
The Binance crypto exchange platform is cheap and easily available worldwide. The only downside of this cryptocurrencies platform is that it does not trade in fiat money.
2. Coinbase
Coinbase is the pioneer in cryptocurrency exchanges. Nothing can get safer than and secure than this platform. Its security measures include all the best practices of the industry, like cold storage. Besides being secure, it also eases to use platform for any new individual.
This 2023 top crypto exchange provides a number of payment options that you cannot find in Binance. Coinbase also deals with fiat money. But it is not available worldwide; also, it will share your data with taxation authorities to keep everything legal. You don't want to get audited or penalized by the IRS due to your cryptocurrency holdings or an exchange that maintains poor records of crypto transactions.
Coinbase is dedicated to cryptocurrency so much so that they are now suing the SEC to get more clarity on crypto regulation. Not many crypto exchanges would make such a power play aside from Binance!
3. Kraken
Kraken also provides high security and safety measures for your digital assets. It has a sleek design where a lot of customizations are available. This platform has the biggest volume of euro crypto exchanges. You can trade, buy, and sell bitcoins and deal in Euro, Japanese yen, British Pounds, US, and Canadian dollars.
This exchange platform is more suitable for people who have experience in crypto trading. It is a feature-rich platform with low transaction and deposit fees, but they do not accept cash, PayPal, credit, and debit cards.
4. Bitfinex
This platform has the most liquidity of USD, i.e., nearly 10% of the US market share belongs to Bifinex. It is the most advanced crypto to crypto and fiat to crypto and trading platforms. This platform is also for people who know about trading and aptly know what they are doing. It charges 0.1% to 0.2% in terms of fees.
Bitfinex offers a wide range of features like margin trading, advanced order types, a range of coins, and fiat currency pairs. You do not have to do verification if you deal in cryptocurrencies, but if you deposit Euro or Dollar, then you will verify your ID.
5. Bithumb
It is a Seoul-based most active platform of cryptocurrencies. You can find a ton of cryptocurrency exchanges on a daily basis. You can have two levels of account on Bithumb, i.e., personal and corporate. It provides customer services in multiple languages so anyone can play easily in the world of cryptocurrencies.
You can find most of the token and exchange options on Bithumb. It is most suitable for mid-level cryptocurrency exchangers. One con of this crypto exchange platform is that the only allowed fiat currency is South-Korean won for 2023 so far. It could be an even higher ranked cryptocurrency exchange if it expands it's fiat currency acceptance soon.
Buy Crypto On The Top 5 Best Cryptocurrency Exchanges For 2024
The year 2024 will be an interesting one for cryptocurrency exchanges, with mainstream companies like Robinhood, KuCoin, and PayPal getting in on the crypto scene. This is now bolstered by the Bitcoin price comeback.
While it had an amazing run on the outside, it looks like FTX is finished and will be acquired or divided between more successful crypto exchanges, if at all possible. FTX failing fast and hard is a warning to all crypto investors to find the best cryptocurrency exchange with the most solid, transparent, and scandal-free financial management not run by SBF.
Time will tell how successful they are in the cryptocurrency trading arena, and if other big financial companies jump in as well for 2024.
Security and dependability are key when purchasing cryptocurrencies. Make sure you use these top cryptocurrency exchanges for real reliability in 2023 and 2024.
