In this article we present the list of top 3 cryptocurrency exchanges of 2020. For a detailed discussion and a more comprehensive list please see this article.
3. BitMex
Trading Volume: 9
Transaction Speed: 7
Transaction Fees: 7
Supported Coins: 5
Payment Methods: 5.5
Total Score: 33.5
Otherwise referred to as Bitcoin Mercantile Exchange, BitMex is one of the premier Bitcoin exchanges in the world, thus making it one of the best cryptocurrency exchanges of 2020. As the name implies, BitMex is a Bitcoin exchange and trading platform. While it is unverified, there are reports that suggest that BitMex has managed to record a $2 billion Bitcoin transaction in 24 hours.
While being a Bitcoin exchange, BitMex supports the trading and sale of other cryptocurrencies like Ethereum, Cardano, EOS, Litecoin, Bitcoin Cash, etc. Surprisingly, BitMex has a trading volume of over $3 billion. One core benefit of this exchange platform is that it affords users the opportunity to leverage future contracts on the platform.
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2. Coinbase Pro
Trading Volume: 5.5
Transaction Speed: 8
Transaction Fees: 8
Supported Coins: 6
Payment Methods: 8
Total Score: 35.5
Founded in 2012 with its headquarters in San Francisco, Coinbase is one of the oldest cryptocurrency exchanges in the world. Coinbase, unlike most of the other crypto exchanges, offers users fast deposit and withdrawal, competitive fees, advanced trading features, as well as multiple deposit options.
With a trading volume of over $217 million, Coinbase Pro supports the trading of over 30 different cryptocurrencies. One of the core benefits of this Bitcoin exchange is that it is fully regulated by the United States.
While this crypto exchange has a number of advanced features, it is not an ideal platform for beginners. It has an advanced user-interface which may make it difficult for beginners to navigate and make purchases.
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1. Binance
Trading Volume: 8.5
Transaction Speed: 7
Transaction Fees: 7
Supported Coins: 7
Payment Methods: 6
Total Score: 35.5
Topping the list of 10 best cryptocurrency exchanges of 2020 as the biggest Bitcoin exchange in the world at the moment, Binance operates like an ecosystem that comprises a wallet, lab, exchange, clarity info, etc. In addition to being an advanced crypto exchange, Binance has a native coin Binance Coin (BNB). According to the official website, users on the platform that buy with this coin receive a discount when the transactions are crypto to crypto.
Currently, Binance supports the trading of over 130 coins and it is one of the best exchanges to buy crypto from at the moment. Aside from having a functioning website, Binance also has an application that is both functional and user-friendly. With a trading volume of over $1.7 billion, users will only have to pay 0.1% of their total transaction cost as a transaction fee. One core benefit of this crypto exchange is that it has two trading versions – advanced and basic interface.
While there are a number of these cryptocurrency exchanges in the market at the moment, we have made a list of the best exchanges of 2020. As clearly mentioned, these exchanges all offer different features, so it is best for you to pick one that fits your needs.
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