The best cryptocurrency exchanges in 2020 - top 5 in Russian

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On cryptocurrency exchanges, traders buy and sell digital currencies – Bitcoin, Ethereum, Litecoin and so on. Like currency, commodity and stock exchanges, prices are set based on supply and demand for each cryptocurrency. Today there are dozens of large platforms operating in the world, offering traders ample opportunities.

Some exchanges offer additional types of trading - for example, trading futures, options, etc. However, the main factor when choosing an exchange is reliability - stable access to the main functions of the platform, uninterrupted trading, deposits and withdrawals of funds.

Let's look at 12 reliable cryptocurrency platforms where you can trade popular digital assets.

Binance

Hong Kong cryptocurrency exchange, founded in 2020. The daily trading volume reaches 2.0 bn, the platform easily processes more than 1.4 million transactions per second. Binance directly includes a cryptocurrency exchange, a training center, a non-profit foundation, an exclusive platform for issuing tokens, a decentralized cryptocurrency wallet, and so on.

The exchange works with a variety of cryptocurrencies: you can trade BTC, USDT, BNB (the internal token of the exchange) and several altcoins. Trading in fiat currencies is supported: EUR, RUB, UAH and others. You can enter into market transactions, limit transactions and stop limit transactions (including OCO). The exchange also supports margin trading.

Trading fees depend on the trader's position (Maker or Taker), monthly trading volume and BNB balance.

Beginners pay 0.1% of the transaction size, regardless of the side. For liquidity providers, the commission can be reduced to 0.02%, for the receiving party - to 0.04%. When replenishing an account in cryptocurrency, no commission is charged; when withdrawing, the fee is fixed for each token.

ByBit

Singapore cryptocurrency exchange, founded in 2020. The liquidity of the platform exceeds $50 million, processes about 100 thousand transactions per second, and currently the exchange serves more than 1.2 million traders around the world. You can trade perpetual derivatives on USD and USDT. BTC, ETH, BTC and other tokens are available for trading.

ByBit supports trading of perpetual contracts. Leverage up to x100 allows you to receive 100x profit on successful transactions. You can top up your account on the exchange not only with cryptocurrency, but also with fiat units - a fiat gateway is supported for payment with Visa and MasterCard bank cards (over 20 currencies are available, including rubles).

Traders can enter limit, market and conditional orders. Trading commission is 0.075% for Taker. Liquidity providers receive a discount of 0.025% of the trade size. Trading is carried out in a special terminal; the chart (TradingView) allows you to change time frames, set indicators, measure rate movements over certain periods of time, and so on. You can also trade using the ByBit app on Android and iOS mobile devices.

CEX.IO

British cryptocurrency exchange, founded in 2013. Serves more than 3 million traders worldwide. It is one of the first platforms to launch transactions between fiat currencies and cryptocurrencies. The exchange's turnover exceeds $90 million per day.

Several dozen tokens are available for trading (BTC, ETH, BCH, LTC, XRP and others). You can trade in cryptocurrency (BTC, ETH, USDT, etc.) and fiat currency (USD, EUR, RUB, GPB). Margin trading is available with leverage up to 1:10. You can trade in the web interface or mobile application for Android and iOS. The trading chart is integrated with TradingView.

The trading commission on CEX.IO depends on the trader's monthly turnover and his position. At the start of work, the commission for Taker is 0.25% of the transaction, for Maker – 0.16%. With a turnover of 6,000 BTC or more, the receiving party pays only 0.1% of the order, and liquidity providers are exempt from paying commissions.

The commission for deposits/withdrawals depends on the payment system and currency used.

TOP 10 crypto exchanges in 2020 according to traders’ reviews

As in any business, when choosing a trading platform you need to read reviews . Real user experience is the best indicator of working with a particular crypto exchange.

Regularly visit crypto forums, find topics that interest you and read reviews from other traders. This information will help you choose a reliable and profitable platform for investment and trading.

According to user reviews, the list of the best crypto exchanges to work in 2020 includes:

Data provided by CoinGecko

Kucoin

Hong Kong cryptocurrency exchange, founded in 2020. Offers traders several hundred trading pairs. You can trade on BTC, USDT, some altcoins (ETH, NEO, etc.), as well as the internal cryptocurrency of the exchange - KCS. The exchange supports all popular cryptocurrencies.

You can trade in the web interface or mobile application for Android and iOS. The chart is integrated with TradingView, which allows you to use timeframes, indicators, build technical analysis figures, etc. The exchange supports market, limit orders, and stop limit. Margin trading with leverage up to x10, P2P and instant exchange are also available.

Trading commission depends on turnover and position. At the start, both parties pay 0.1% of the transaction amount. At maximum trading volumes, Taker pays 0.025% of the order, and liquidity providers receive a 0.005% discount.

Using the KCS token, you can get an additional discount.

The best crypto exchanges with futures

Due to the wide range of different strategies and high liquidity, the futures market is one of the fastest growing financial investment sectors in the world.

A futures is a derivative financial instrument, a contract for the purchase/sale of some asset in the future, but at the current market price.

The parties entering into a futures contract stipulate in advance how long it will take and at what price the transaction will take place. The subject of a futures contract can be stocks, bonds, commodities, currencies, interest rates, inflation rates, weather, etc.

In futures trading, “buying” and “selling” sound conventional. In fact, the process is an ordinary bet. One side of the transaction believes that the price of the asset will rise and “buys” the futures, the other believes that it will fall and “sells” it. Accordingly, in order to sell a futures contract, you do not need to first purchase it.

Compared to stock speculation, futures have their own advantages :

• Free leverage;
• No restrictions on short selling;
• Cheaper deals (no escrow fees).

Best Futures Trading Platforms:

1. Bitmex;
2. Binance;
3. Huobi Global;
4. BitForex;
5. Currency.com.

LiveCoin

Cryptocurrency exchange founded in 2020. Offers a huge selection of altcoins and the ability to exchange digital currency for fiat currency. You can make transactions in relation to BTC, ETH, USDT, USD and other currencies. The exchange works with hundreds of tokens, forming more than 1000 trading pairs.

LiveCoin is an excellent choice for newcomers to the cryptocurrency market. The exchange's Russian-language interface, simplified charts, high liquidity for major pairs (for example, BTC/USD), limit and market orders, and so on make the platform as convenient as possible for those who have no experience in trading.

The trading commission does not depend on the trader's position. It is affected only by monthly trade turnover. Beginners pay 0.18% of the transaction, but with a turnover of over 2 million USD per month, the commission will drop to 0.02%. You can top up your account and withdraw earnings from the exchange not only in cryptocurrency, but also in fiat money (RUB, USD, EUR).

You can use bank cards and popular e-wallets (for example, Yandex.Money or QIWI).

TOP 5 cryptocurrency exchanges without verification for withdrawal

Supporters of online anonymity can work with cryptocurrency without disclosing personal data. As a rule, identity verification is a prerequisite when working with most cryptocurrency services. But there are also those that allow users to maintain complete anonymity .

The absence of mandatory verification, among other things, saves time. The user does not need to enter personal data and wait for it to be confirmed by the system. ?

Crypto exchanges without verification for withdrawal:

1. Binance;
2. Bitmex;
3. Huobi Global;
4. BitForex;
5. CEX.io.

Gate.io

American cryptocurrency exchange founded in 2020. Created on the basis of the Chinese Bter platform. Includes spot trading, margin trading, futures, options, crypto ETF products, and so on.

You can trade in the web interface or mobile application (Android, iOS). Trading is supported for USDT, BTC, ETH, CNYX, etc. The exchange works with several hundred popular and little-known tokens - for example, SXP, ABT, ARPA, EOS, etc. On the chart you can use time periods, indicators and various tools (segments, Fibonacci levels, etc.).

The trading commission of the exchange depends on the trader’s turnover and his position. At the start of work, the commission for both parties is 0.2% of the transaction amount. When trading volume increases, liquidity providers can reduce it to 0.055%, and the receiving party - to 0.065%.

Using the GT token allows you to get an additional discount.

TOP 10 cryptocurrency exchanges by trading volume

The more clients on the exchange who carry out large transactions with its help, the higher its actual trading volume. And the higher the volume, the more in demand, popular and influential the exchange is.

Rating of crypto exchanges by daily trading volume:

Data provided by CoinGecko

Coinbase

The largest American cryptocurrency exchange, founded in 2011-2012. More than 30 million traders from 100+ countries around the world trade on the exchange. It includes a cryptocurrency exchange itself, a mobile wallet for storing tokens and a special service for large buyers and sellers.

Coinbase supports major cryptocurrencies and fiat currencies (USD, EUR, GBP). Some tokens support margin trading with 1:3 leverage. Traders can enter market, limit and stop orders. To work, you can use the web terminal or mobile applications for Android and iOS.

The commission depends on the trading volume and the trader's position. At the start, the payment is 0.5% of the order amount; when a certain turnover threshold is reached, liquidity providers stop paying trading commissions. For Taker, the maximum reduction is 0.04% of the order.

The best cryptocurrency exchanges in Russian

Almost all major crypto exchanges have a version of the site in Russian . The translation of the interface into Russian is provided, first of all, for the convenience of traders from Russia and Russian-speaking countries, who make up a significant part of the global crypto community.

In January 2020, Russia entered the TOP 5 countries in terms of the popularity of cryptocurrencies.

Popular international cryptocurrency exchanges with translation into Russian:

1. Binance;
2. Bitmex;
3. Bitfinex;
4. Huobi;
5. Exmo.

BitBay.net

Polish cryptocurrency exchange founded in 2014. One of the few platforms in the world that supports PLN. The exchange also works with other fiat currencies – USD, GBP and EUR. More than 800 thousand traders work on the site, the annual trading volume exceeds 500 thousand BTC. The exchange processes more than 125 transactions every minute.

The exchange trading terminal allows you to use dozens of indicators, various types of charts (candles, bars, etc.), as well as draw and compare indicators with each other. In addition to the above fiat units, the platform supports several dozen cryptocurrencies - BTC, BCC, ETH, etc. When trading in the “cryptocurrency/cryptocurrency” format, liquidity providers do not pay commissions, the receiving party pays only 0.1% of the transaction, regardless of the trading volume.

For trading cross-currency pairs, the size of the commission is affected by the trader’s turnover: at the start, Maker – 0.3%, Taker – 0.43%, minimum commission for Maker – 0.17%, for Taker – 0.25%.

CoinEgg

British cryptocurrency exchange founded in 2013. Daily turnover reaches $0.5 million. Fiat currencies are not supported. Several dozen leading cryptocurrencies are available for trading (BTC, NEO, EOS, etc.).

You can trade on BTC, ETH, EUSD and USDT. The trading terminal is simple and convenient; you can analyze quotes on standard charts, Japanese candlesticks, assess market depth, and so on. You can make transactions in the web interface or mobile application on Android and iOS.

Traders have access to only one type of transaction – market orders. The trading commission is 0.1% for both sides of the transaction.

BITEXBOOK

A small cryptocurrency exchange founded in 2020. More than 50 thousand traders are registered on the site. The average daily trading volume is 1.5 BTC.

You can trade in relation to BTC, ETH, USDT, as well as fiat currencies USD and RUB. There are more than 100 trading pairs available. The exchange works with leading tokens - BCH, DASH, XMR, ZEC and so on.

You can display the course movement in the form of bars, Japanese candles, areas, etc., use indicators and much more. Mobile trading is available in applications for Android and iOS. BITEXBOOK supports leveraged margin trading and pending order trading.

The trading commission depends on the trader's turnover and his position. Liquidity providers pay 0.1-0% of the transaction amount, for a Taker position the commission ranges from 0.25% to 0.15%.

You can top up your account on the exchange and withdraw earnings not only in cryptocurrency (deposits - no commission), but also in RUB, USD, UAH. For transactions, you can use bank cards, online banking and popular e-wallets.

Good cryptocurrency exchanges for beginners

Buying, selling and exchanging cryptocurrency on exchanges requires certain skills, so novice traders need to choose convenient, intuitive platforms with loyal trading conditions .

Cryptocurrencies are risky investments, so at the beginning of your trading career you should not neglect choosing an exchange and buy cryptocurrencies on the first platform you come across.

In addition, it is more convenient for Russian-speaking users to work with the exchange in their native language, and the presence of the Russian language significantly simplifies the trading process.

Top 5 exchanges for beginners:

1. Binance;
2. Bitmex;
3. Bitfinex;
4. Coinbase;
5. Exmo.

BTC-Alpha

English cryptocurrency exchange, founded in 2020. More than 250 thousand users work with the platform, the daily trading volume exceeds $10 million.

Over 200 pairs are available for trading. You can enter into transactions in relation to BTC, USDT, EUR and USD. Litecoin, WEC, Ripple, Largo, Beldex and dozens of other tokens are involved in trading. You can trade in the web terminal or inside mobile applications for Android and iOS.

The exchange has a dynamic trading commission. However, the gradation for initiators of transactions and recipients is identical - at the start of work, the commission is 0.2% of the order, and with a trading turnover of 5,000 BTC - 0.1% of the transaction amount.

The exchange supports fiat currencies: you can top up your account and withdraw earnings in USD and EUR. There is a commission for depositing and withdrawing, depending on the payment systems used (Perfect Money, Payeer, AdvCash). When replenishing your balance with cryptocurrency, no commission is charged.

CREX24

Estonian cryptocurrency exchange, founded in 2020. Works with both popular cryptocurrencies (Bitcoin, Ethereum, Litecoin, NEM, etc.) and rare altcoins. You can trade in relation to BTC, ETH, several stablecoins, as well as fiat currencies - RUB, EUR, USD, JPY, etc. In total, more than 300 cryptocurrencies are available for work. The daily turnover of the exchange reaches 2.2 million dollars.

When trading, you can change the appearance of the chart according to several parameters, select its type, set time intervals and use indicators. The trading platform is presented in the form of a web terminal; you can also trade through the Android application. The exchange provides for working with limit orders.

The trading commission on the exchange depends on the trader's monthly turnover, but the position of the trading participant does not affect it. The starting amount is 0.2%, with a turnover of 50 BTC, the commission is reduced to 0.12%. When replenishing your account in cryptocurrency, do not pay a commission (when withdrawing, it is a fixed amount depending on the token). For transactions in fiat currencies, the size of the commission is affected by the type of payment system and the currency itself.

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The best crypto exchanges with convenient withdrawal of money

It is one thing to buy and sell cryptocurrency on an exchange. And quite another thing is how to get it out.

Cryptocurrency can also be stored on an exchange, but this is risky from a security point of view.

It is much safer to withdraw money to an external wallet. And if you don’t plan to use them in the near future, then it’s best to use cold storage .

Trading platforms offer their clients withdrawal of money through payment systems or bank transfers, to a card or directly withdraw fiat. ?

Typically, the platform requires proof of identity to withdraw funds from an exchange account. This is especially true for fiat currency, the withdrawal of which is most often impossible without verification.

Platforms with convenient withdrawal of money:

1. Binance;
2. Exmo;
3. CEX;
4. Currency.com;
5. Localbitcoins.