Top 15 Cryptocurrency Spot Exchanges  

Introduction

Over the past few years, the typical crypto day trading platform has undergone tremendous improvement. The list that follows includes some of the top cryptocurrency and bitcoin exchanges for day trading, where you can discover features like sophisticated order types, excellent charting, quick matching engines, top-notch risk management systems, and large lists of accessible coins.

You are welcome to use any of the fiat gateways that the platforms provide if you do not currently possess any cryptocurrencies. These gateways allow you to deposit using a credit card or bank transfer. If you don’t already have a secure location to save your potential bitcoin wins, all of these operators also provide cryptocurrency wallets. In order to boost their day trade profits, day traders frequently employ cryptocurrency margin trading exchanges.

Once you’ve selected a platform, consult our guide on cryptocurrency day trading strategy for further details on how to approach the markets effectively.

Read: What Is Data Science?

The top 15 cryptocurrency exchanges and day trading platforms for 2023 are included on this list.

Binance

As of August 2022, Binance had 90 million customers globally and the biggest daily trading volume of any cryptocurrency exchange in the world, with $76 billion. The website, where users can access over 350 cryptocurrencies listed and thousands of trading pairings, has established itself as a credible player in the cryptocurrency market. Users now buy, sell, and store their digital assets on the platform. Binance Exchange, Laboratories, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT, and other services are now part of the Binance ecosystem. Since its June 2017 inception, Binance grew quickly to become the biggest cryptocurrency exchange in the world. The platform has a large number of transaction kinds, is among the least expensive, and offers sophisticated trading features for seasoned investors. It has a tiered pricing structure that ranges from basic users to VIP 9. The maker-taker fee for spot trading is 0.10% for regular users. Binance announced zero-fee trading for BTC spot trading pairs in July 2022 and for the ETH/BUSD pair in August 2022.

Read the latest article: 10 Best Applications Of AI In Banking

Coinbase Exchange

Users can easily purchase, sell, trade, and store bitcoins on the US-based cryptocurrency trading and investing website known as Coinbase Exchange. The platform supports fundamental transactions, digital wallet withdrawals, and PayPal withdrawals and is user-friendly for beginners. Coinbase Pro offers more expert trade execution and cheaper costs for more experienced traders. However, Coinbase Pro will gradually be phased away and all customers will have access to the “Advanced Trade” feature on the regular app, the company stated in June 2022. In June 2012, Coinbase Worldwide, Inc. was founded in San Francisco, California, in the United States.

Kraken

Users can buy, sell, and trade a variety of assets on the US-based cryptocurrency exchange Kraken for comparatively minimal commissions. Also, customers can receive benefits by staking coins. Using a web platform and mobile apps, users may trade over 100 crypto assets and 7 fiat currencies, including USD, CAD, EUR, GBP, JPY, CHF, and AUD, on-the-go. The exchange has a leading level of euro volume and liquidity.

It was one of the first few cryptocurrency exchanges to offer spot trading, derivatives, and index products when it was founded in 2011. The company now provides a wide range of goods and services, such as spot trading, margin trading, futures, indices, staking, OTC, and a forthcoming non-fungible token (NFT) marketplace. The exchange, which has funding from companies like Digital Currency Group, Blockchain Capital, Tribe Capital, Hummingbird Ventures, and others, supports over 8 million traders and institutional clients.

KuCoin

A cryptocurrency exchange called KuCoin was established with the goal of “facilitating the global free flow of digital value.” It asserts that a focus on user-friendly design, an easy registration process, and a high level of security is important. The site offers quick exchange services, a built-in P2P exchange, support for futures trading, and the opportunity to buy cryptocurrencies using a credit or debit card.

The platform, also referred to as “people’s exchange,” supported more than 20 million members globally and enabled 1.2 trillion in lifetime trade volume. According to the firm, it provides technologically advanced trading solutions and access to the KuCoin ecosystem, which is centered on the KuCoin token and includes the KuCoin community (KCS).

Bitfinex

One of the first cryptocurrency exchanges, Bitfinex, was established in 2012 and is run by the Hong Kong-based business iFinex Inc. iFinex Inc. also owns Tether (USDT), the largest stablecoin by market cap. The centralized exchange (CEX) platform, which supports both fiat and cryptocurrency, was created for institutional investors and professional traders. With regard to BTC pairs and other significant cryptocurrencies like ETH and XMR, the exchange is regarded as one of the most liquid. The software provides IP address monitoring and two-factor authentication to safeguard user assets.

The exchange caters to experienced, seasoned professionals and offers platform users the opportunity to engage in over-the-counter (OTC) trading, matched trading, margin lending, and more. In addition to spot and margin trading, Bitfinex also provides a wide range of other services and products, including Bitfinex Borrow, Bitfinex Pay, Bitfinex Pulse, Affiliate Program, API, and its native utility token, UNUS SED LEO.

Bybit

Bybit is a controlled exchange (CEX) for cryptocurrencies that provides professional platforms with a very quick matching engine, first-rate customer support, and multilingual community support for cryptocurrency traders of all levels. Bybit was founded in March 2018 and currently provides access to over 100 assets and contracts across spot and cryptocurrency derivatives including futures and options, launchpad projects, earn products, an NFT Marketplace, and more. It currently serves over 10 million users and institutions. The esports organizations NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, as well as the association football (soccer) groups Borussia Dortmund and Avispa Fukuoka, are all proud partners of Bybit.

The following products are available on the platform: Spot, Derivatives (NFT marketplace, Bybit Earn, Buy Crypto, USDT perpetual, USDC perps, inverse perps, futures, USDC options, and leveraged tokens), and Options.

Bitstamp

Customers of Bitstamp have access to up to 80 digital assets, and the first $1000 in trading volume over a rolling 30-day period is free of trading expenses. Users can buy cryptocurrency via debit or credit cards, ACH transfers, Apple Pay, Google Pay, PayPal, and international bank transfers. Beginners in the cryptocurrency space can get started with the aid of a wealth of educational materials on Bitstamp’s Learn Center, user-friendly features on trading platforms, and a live support service that is available 24/7/365. For more experienced traders, the exchange provides competitive trading costs, Tradeview, an improved interface with extensive trading features, and Bitstamp Earn, a cryptocurrency incentive scheme with staking.

50 licences and registrations are held by Bitstamp worldwide. It owns a BitLicense in New York and was the first cryptocurrency exchange to be granted a Payment Institution License in the EU. Additionally, it is routinely audited by a Big Four accounting firm from around the world. The custodians of Bitstamp maintain additional protection for client funds in cold wallets, and 95% of the cryptocurrency housed there is safely preserved offline. Also, Bitstamp keeps all customer assets in 1:1 custody, excluding from assets owned by Bitstamp entities. All of this serves as the foundation for the operating premise that the customers’ cryptocurrency is always theirs.

Gate.io

Users can discover a vast selection of cryptocurrency coins and tokens to trade on the centralized exchange Gate.io. With more than 2500 trading pairings, the site supports over 1400 different cryptocurrencies. The project allows both spot and margin trading and ranks among the top projects in terms of trading volume (daily trading volume exceeds $12 billion). Also, it increased services for investors in other markets, including as options, futures, and derivatives.

OKX

With a crypto hot wallet, a decentralized exchange (DEX), an NFT market, and decentralized applications, the OKX wallet calls itself the “gateway to Web3” (DApps). More than 30 networks, including well-known blockchains like Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, Fantom, and others, are supported by the wallet. In addition, OKX has its own native coin, OKB, and native blockchain, OKX Chain, which let projects and builders create DApps and developers use tools like OKX Oracle and other infrastructure. OKEx was relaunched as OKX in January 2022, with updated branding and a plan.

LBank

LBank is a centralized exchange (CEX) platform with a global presence that was created in 2015. Using more than 20 different payment methods, the platform enables users to purchase and sell popular crypto assets like Bitcoin (BTC) and Ethereum (ETH) in over 149 different fiat currencies. Financial products offered by LBank include spot and margin trading, crypto futures and options, staking, and trading of crypto assets through exchange-traded funds (ETFs). Peer-to-peer (P2P) transactions and grid trading are additional services.

Gemini

The New York State Department of Financial Services regulates the Gemini cryptocurrency centralized exchange (CEX), which is situated in New York and accessible in all 50 U.S. states as well as more than 60 other nations. Although it offers fewer crypto assets than its rivals, including over 120 cryptocurrencies and over 21 crypto-to-crypto trading pairs, the platform was developed with an emphasis on security and compliance.

Bitget

Bitget, one of the top cryptocurrency exchanges in the world with a primary focus on social trading, was founded in late 2018. With a 600-strong team made up of more than 38 different nationalities, Bitget—which currently serves more than two million customers across more than 50 nations—has escalated its effort to promote decentralized finance.

Binance.US

The United States-registered division of Binance, the largest cryptocurrency exchange in the world by trading volume, is called Binance. Due to restrictions placed on the primary market by US regulations, a subsidiary exchange was established. The exchange is separately run by BAM Trading Services, even though Binance controls the name and intellectual property of Binance. US. Regarding deposit and withdrawal procedures, liquidity, and trading commissions, the exchanges are different.

Also, the U.S. platform provides customers with fewer cryptocurrencies and trading pairings than the global site; the main exchange lists roughly 600 assets, whilst the U.S. platform only has 120+. All 50 states in the United States do not have access to the platform.

Hawaii, Texas, New York, and Vermont do not offer U.S.-based exchanges. As the only significant exchange doing so in the United States, Binance.US claims to provide free Bitcoin trading. Trading pairs are divided into three tiers: “Tier 0,” “Tier I,” and “Tier II.” “Tier 0” pairs have no commissions.

bitFlyer

With over 3 million customers globally and over €180 billion in trading volume in 2021, bitFlyer is a Japanese cryptocurrency exchange. It claims to meet the highest security standards in the sector and has permits to operate in the EU, US, and Japan. For novice traders, the site offers “bitFlyer Buy/Sell” with a straightforward interface, and “bitFlyer Lightning” for more experienced traders. The exchange offers spot trading, margin trading, and crypto derivatives. It also makes the claim to offer quick transactions, instant bank transfer financing, and funding for Paypal accounts. While bitFlyer Inc.’s main office is in Tokyo, Japan, bitFlyer USA is based in San Francisco, California.

MEXC

MEXC is a controlled cryptocurrency exchange that offers trading options for spot, margin, and futures. The exchange, which was founded in 2018, also provides quantitative trading, leveraged ETFs, and index ETFs. Launchpad, M-day airdrops, MX-DeFi, Staking, ETH 2.0 Staking, and other items are also included under the MEXC Earn. Credit or debit cards, international bank transfers, peer-to-peer trading, and third-party payment methods like Simplex, Banxa, and Mercuryo are all options for users to buy cryptocurrency. More than 6 million users from more than 200 nations are served by the exchange. It has important licences in nations like Australia, Estonia, and the US. The majority of the main cryptocurrencies, including BTC, ETH, LTC, SHIB, XRP, DOGE, ADA, and more, are accessible to users, along with over 180 trading pairs.

Read: A Global Map Of Cryptocurrency Regulations