Customers will need to check the legal status of crypto within their respective state before investing. As MEXC utilizes the standard order book-based interface and TradingView for its charting tools, the exchange will be easy for anyone with prior trading experience. However, due to the lack of a simple or lite mode, MEXC could be somewhat tricky to get acquainted with. The exchange has a maker/taker schedule based on your 30-day trading volume. Maker orders can’t be executed immediately since there are no other orders to match with them; however, taker orders match immediately, according to CEX.IO.
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- Still, in many cases, Coinbase and Binance tend to still dominate the top of the charts.
- However, users have reported slow customer service response times, which could be a potential downside for some.
- The platform’s main highlight is its social trading features, which allows users to create a custom news feed and follow, copy and interact with their favorite traders.
- For those located elsewhere, it really is a toss-up and personal preference.
- Thanks to its accessibility and varied offerings, Binance is an attractive marketplace for buying, trading, and selling cryptocurrencies.
- Crypto.com offers a massive selection of digital assets, low or no fees, and additional perks for holders of its CRO cryptocurrency.
These are storage options that are not connected to the internet, making them nearly impossible to hack—although you’ll need to carefully record your passcode or you could lose access to your crypto forever. The platform is headquartered in Seychelles, with a growing number of users in Asia, Europe, the Middle East and Africa. While U.S. users can access and use the trading platform, KuCoin is not licensed in the U.S. The editorial content https://www.tokenexus.com/ on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. However, we may receive compensation when you click on links to products or services offered by our partners. Binance itself was hacked in 2019, with thieves getting away with 7,000 bitcoin worth about $40 million, though the exchange refunded users who lost money using its Secure Asset Fund for Users.
Top Cryptocurrency Spot Exchanges
A spread might be built into the price, determined at the time of the trade. We think investors should approach these assets like any other technological investment — with a long-term mindset and the expectation of ups and downs. But we encourage everyone to be well versed prior to investing to understand the potential risks and rewards. Offers a nice range of cryptocurrencies and a simple-to-use app experience. Available in all 50 U.S. states, Gemini has a reputation for security and accessibility for new crypto investors.
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Additionally, Coinbase has deep liquidity, making the platform an excellent option for investors and traders. ByBit offers up to 100x leverage across over 200 markets and is widely considered one of the best cryptocurrency exchanges for margin and derivative trading. Established in March 2018, Bybit has become one of the best crypto margin exchanges, with over 3 million users worldwide. Its fast order execution, and reliability are a few reasons Bybit is a contender for the best margin trading platform.
Top apps and exchanges for cryptocurrency trading in May 2024
