Top 3 Cryptocurrency Exchanges in 2021

3 min readSep 27, 2021

Cryptocurrency exchanges offer a platform under which crypto users can trade crypto for fiat currencies and other digital assets. Besides generating revenue through transaction fees and commissions, crypto exchanges play an intermediary role between crypto sellers and buyers.

While many people are interested in cryptocurrency, they need to ascertain reliable exchanges they can use to buy and sell digital currencies.

Whether you want to purchase cryptocurrency using fiat currencies or convert Bitcoin to litecoin or any other digital asset, these exchanges are ideal for you. In this article, we highlight the most credible exchanges available in the crypto ecosystem.

Coinbase

Coinbase tops the list as the most credible crypto exchange platform in the World. In addition to offering insured custodial wallets for traders, coinbase comes with advanced security features that guarantee the safety of coins stored on the platform.

Some of the benefits of coinbase include a wide range of altcoins, a user-friendly interface, and cheap fees. To access better features, you can choose to use the coinbase pro version. The version features indicators, charts and cheap fees for users.

New users skeptical about losing their investment should consider coinbase. The platform offers insurance against hacking and other data breaches that you may encounter. In that case, the safety of your investment is guaranteed regardless of any eventuality.

Binance

Binance is one of the oldest and most credible crypto exchange platforms. Founded in 2017, investors on the platform can exchange up to 100 different cryptocurrencies. In fact Binance is one of the largest crypto exchanges controlling the highest exchange volumes daily. However the platform is ideal for traders interested in investing in less popular altcoins. Binance is touted as the easiest to use especially for new investors.

If you are looking for an exchange that offers more advanced charting with a wide pool of cryptocurrencies, then Binance is a perfect choice for you. Some of the unique features that come with the exchange include reasonable fees and charting options to help you with your trades.

Bisq

Though not popular among many crypto enthusiasts, bisq appears on the list since it comes with better features. The decentralized open-source exchange platform has no KYC requirements.

The unique aspect about the exchange is that it has a mobile app that is compatible with both iOS and Android devices. While the exchange is reliable, the main drawback about Bisq is that transactions done on the platform are slow and may not support active trading.

Unlike centralized exchanges like coinbase that controls user accounts, Bisq is custodial, making it difficult for third parties to have access to your funds. Generally, the peer-to-peer downloadable software can’t fail since it can’t be taken down by anyone.

Conclusion

A credible crypto exchange not only helps in protecting your investment but makes it easier to securely convert and buy crypto of your choice with ease. If you are struggling to identify a reliable exchange platform, this article offers important insights that you should consider before investing in digital currencies.