Crypto Willis
November 9, 2022
cryptochangex post logo
reliable crypto exchanges
reliable crypto exchanges

Traders need crypto exchanges to buy, sell, and convert their cryptocurrencies. Crypto exchanges are simply the interface between you, the retail trader, and the blockchain.  A Crypto exchange or Altcoin Exchange is a necessity if you wish to trade cryptocurrencies today. While certain exchanges provide you with the most competitive speed or prices, others have specialized financial products. These online services work similarly to how a stockbroker works.

However, the superlative, volatile nature of investing in cryptocurrencies has exposed investors to certain risks regardless of where and how they buy. Hence, when choosing the right cryptocurrency exchange for your needs, it is important to look for supported currencies, security, withdrawal options, exchange liquidity, and pricing. Keep reading to find out some of the most reliable crypto exchanges with reviews.

COINBASE

Reliable Crypto Exchanges With Reviews - Q

Although the cryptocurrency industry is filled with shady exchanges and fraudulent coins, Coinbase has avoided all kinds of controversies and risen to the top of our recommended list of reliable crypto exchanges. Coinbase provides its users with an easy-to-use exchange. As such, it helps lower the barrier to investment in the cryptocurrency markets.

Coinbase provides insured wallets for traders and investors to store their investments. Besides, they offer insurance against hacking and data breaches. The cash is stored in an FDIC-insured bank giving your added peace of mind and security.  Coinbase is regulated by the OFAC.  Regulatory bodies such as the OFAC provide governmental oversight to ensure that all transactions remain secure and are performed with integrity.

Both the account setup and user interface are very convenient for new users who have just started. Also, they offer users Coinbase Pro, which boasts the same fee structure but offers more features and options when it comes to indicators and charts. The Pro version is the perfect tool for traders who are experienced and accustomed to the Coinbase platform because it helps them with other customized features that an advanced trader seeks.

Pros:

  • Very high liquidity
  • Simple, easy user interface
  • A variety of altcoins to choose from

Cons:

  • Slightly Higher Fees than some other Exchanges.

GEMINI

Gemini Exchange is a cryptocurrency exchange that allows users to trade Bitcoin, Ethereum, Litecoin, and USDT. Gemini’s platform is reliable and secure and offers a variety of trading options. The exchange offers 24/7 customer support. Overall, Gemini Exchange is one of the premier exchanges for trading cryptocurrencies.

Doubled My Account

Gemini supports instant liquidity.  This means that you can easily buy and sell cryptocurrencies without having to wait for a long confirmation time. The exchange also offers a variety of security measures to protect your account and trade data. Overall, Gemini Exchange is a reliable and secure platform that offers a variety of trading options.

Gemini offers users the option of downloading their mobile app. This app allows you to track your cryptocurrencies and trade them conveniently from anywhere. Their mobile app boasts a user-friendly intuitive platform.

Gemini proudly promotes its platform called Active Trader. This feature allows you to monitor your portfolio and make adjustments as needed. Gemini also offers a daily maximum “buy/sell” limit along with a stop-loss order feature. Overall, Gemini Exchange is one of the premier exchanges for trading cryptocurrencies and the Active Trader interface is sure to make your trading enjoyable.

Recently Gemini introduced the Gemini card. The Card allows you to spend their cryptocurrency holdings just like you would with a traditional debit or credit card. The card is linked to your Gemini wallet and automatically converts your cryptocurrency holdings into the local currency when you making a purchase. It can be used anywhere Visa is accepted and also comes with cashback rewards for eligible purchases. Additionally, the card has no monthly or annual fees and no foreign transaction fees. However, it is currently only available to residents of the United States.

Pros:

  • Boasts a user- Friendly interface loved by beginners and advanced traders alike.
  • No deposit fees!
  • Advanced Security
  • Supper liquidity

Cons:

  • Registration can take some time due to stringent verification requirements.
  • Available only in a few countries

Cash App

An easy crypto exchange for you to use, Cash App provides you with the flexibility to withdraw your funds to other cryptocurrency wallets. It has a similar money transfer system that many peer-to-peer apps have. As a result, it allows the users to pay rent, split food, and shop online at stores that support Cash App.

Reliable Crypto Exchanges With Reviews mobile

Moreover, Cash App can act like a bank account where users can have their Cash App debit cards. Additionally, it allows you to invest in ETFs, stocks, and Bitcoin. The mobile interface that Cash App provides is easy to use even if you are a beginner investor.  Even if you do not use Cash App for investing you should set up a Cash App account!  I think of Cash App as PayPal on Steroids.

With Cash App, you can withdraw cryptocurrency investments directly to your wallet, which is an important feature in the cryptocurrency community.

Pros:

  • Simple user interface
  • Ease of withdrawing Bitcoin
  • Peer-to-peer money transfer abilities
  • One of the easiest platforms for trading Bitcoin

Cons:

  • Weekly and daily withdrawal limits apply
  • Charges when using a credit card to send money

BINANCE

Founded in 2017, the Binance exchange started its operation by focusing on altcoin trading. Although it was banned in 2019 in the US, the company returned as Binance US. Also, it is one of the best crypto exchanges that have a low fee structure.

Binance is the world’s leading cryptocurrency exchange that has a significant amount of cryptocurrency trading in terms of volume every day. While the exchange allows only US dollar deposits, you can directly buy certain cryptocurrencies with a debit or credit card.

Besides, you can deposit by using twelve different fiat currencies including the Euro. Binance offers over 50 different cryptocurrencies for you to trade. The charting abilities, intuitive features, and data that come along with your account are impressive. Apart from that, they have reasonable fees.

Pros:

  • Advanced charting
  • A larger variety of trading pairs and cryptocurrencies
  • Much lower fees compared to the popular exchanges

Cons:

  • Limited variety of coins compared to the international version
  • Designed for more advanced traders
  • Difficult to communicate with customer service
  • Not all states are supported
trade assistant
Learn crypto YouTube

BISQ

To begin with, BISQ is an open-source, decentralized exchange without KYC or Know Your Customer requirements. In short, it is a peer-to-peer cryptocurrency exchange. As such, no one can take it down and there is no chance of failure. Also, it is non-custodial. It means, that no one can control or touch funds other than the user.

BISQ differs from other centralized exchanges like Coinbase, where the funds are stored in a custodial account and the user doesn’t have the asset keys. Therefore, Coinbase will freeze the account whenever it detects any kind of suspicious activity on the account.

Besides, it doesn’t consider whether or not the activity is illegal in your region. BISQ is accessible to anyone instantly with a smartphone or computer because there is no KYC or registration rule. This crypto exchange offers different types of fiat currencies including Bitcoin, USD, and other cryptocurrencies.

However, the decentralized character means slow transactions and low trading volume. Apart from that, the security features in Bisq such as the security deposit system and multi-signature improve the privacy and inherent safety of decentralized exchanges.

Note:  We recommend this exchange only for very advanced traders.  Use this exchange only after you fully understand Altcoins and how this exchange works!

Reliable Crypto Exchanges With Reviews go

Pros:

  • Mobile app for both iOS and Android devices
  • Over 15 payment options are available
  • Non-KYC and decentralized platform

Cons:

  • Isn’t designed for active trading
  • Trading volumes are low
  • Transaction speed is slow

CONCLUSION

When you are starting with cryptocurrency investing or trading, choosing the right exchange is important to achieve your goals. So, whether you want the lowest fees, most currencies, or an easy interface, there are good options listed here for you. All you need to do is open an account with one of these exchanges and you can start buying and selling cryptocurrencies!

About the author 

Crypto Willis

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}