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10 Most Popular Bitcoin and Crypto Sites

Most Popular Bitcoin and Crypto Sites

February 17, 2021 | 

1433 Views | 

JOHN K MWANIKI | 

Get Into Cryptocurrency Trading Today

The crypto world continues to gain widespread popularity. In turn, more people are looking to join the crypto revolution. Often, they are looking to generate wealth or invest in the underlying technology. Regardless of the reason, new investors can easily buy and sell cryptocurrencies by using popular trading sites.

A cryptocurrency exchange, also known as a crypto trading site, is a platform that aids in the buying and selling of various cryptos. New investors use these exchanges to perform smooth trades under a reliable and secure platform. The platform also allows them to trade with the industry's best exchange rate. With many exchanges emerging, it is challenging to choose the most suitable one. Without further ado, let us look at 10 of the most popular bitcoin and crypto sites.

Which are some of the most popular bitcoin and crypto sites?

Also known as Digital Currency exchanges (DCU), crypto sites make it easier to trade cryptocurrencies. But, there are specific factors to consider before deciding on your preferred exchange platform. Some of these considerations include:

  • The types of supported cryptocurrencies on the platform,

  • The level of security,

  • Allowed modes of payment,

  • Fees and commissions charged by the platform,

  • Its ease of use and user interface, 

  • The development team behind the success of the platform,

  • Past performance, and previous irregularities, if any, 

  • Geographical operations map of the platform.

Let us discuss the 10 most popular bitcoin and crypto sites for investors with these considerations in mind.

1. Binance

Binance is one of the most popular exchange platforms on the market. Whether you are a new or advanced investor, it is a very user-friendly platform. The exchange works well with both android and iOS. Created in 2017 and located in Japan, this exchange has an average of more than $1billion worth of daily trades. As a result, it is the largest exchange dealing with altcoin trading. 

By using Binance, crypto traders have access to more than 100 different cryptocurrencies. It also offers low transaction fees as users pay a 0.01% fee on every trade. Making deposits on this site is free, and there are no limits, but withdrawals cost a fee. 

The platform also has robust security measures, including a two-factor authentication set up when registering for an account. Binance exchange also allows regular traders a chance to win various prizes, including free cryptos and new cars. However, Binance does not support fiat deposits. Users must first buy crypto using fiat currency and then deposit the crypto into Binance to begin trading. 

2. Coinbase

If you are looking for an exchange that allows you to buy cryptocurrencies using fiat currency, Coinbase is the perfect alternative. Since its launch in 2012 in San Francisco, California, this platform has traded over $50 billion of crypto and holds over $20 billion in assets. Thus, it is one of the biggest crypto-exchanges globally.

Many investors use Coinbase as an entry point to the cryptocurrency world. It offers only four cryptos to buyers, including bitcoin, ethereum, Litecoin, and bitcoin cash. This is because the platform only accommodates guaranteed commodities or currencies, and it rarely adds new coins. 

Coinbase is also very safe as it has a license under the pilot BITlicense program in New York. It also adheres to strict KYC regulations, meaning users cannot use the platform anonymously. There are also imposed spending limits on the platform, which aids in fraud prevention. Similarly, the platform also charges relatively high transaction fees since it allows a range of payment methods and it transacts in different currencies.

3. Kraken

Launched in 2011, Kraken is one of the most respected and secure exchanges in the industry. The exchange allows trading of 38 different cryptocurrencies and also enables users to trade using fiat currency. It also charges its users minimal transaction fees, ranging between 0%-0.26%, depending on whether you are buying or selling crypto. Often, buyers usually pay 0.16% on each trade while sellers pay 0.26%.

Although Kraken is one of the most secure exchange platforms, it experienced some security issues in 2017. Luckily, it dealt with those issues when it closed in January 2018.

4. eToro

If you are looking for a brokerage platform that allows the trading of cryptocurrencies, eToro is an ideal option. With this Israel-based brokerage platform, users can make various financial investments, including CFDs and cryptocurrencies. Since 2006, the platform has almost 5 million investors and has raised over $160 million from its global investors.

One of the main features of the eToro platform is its trade copying feature. Instead of conducting extensive research, this feature allows users to identify a reputable investor and completely copy the trade they make. The platform also offers users high-level security measures, enabling them to trade a variety of cryptos. This exchange is also easy to use and has reasonable transaction rates.

5. Coinmama

Created in 2013, Coinmama is an Israel-based cryptocurrency exchange/brokerage firm. The platform provides a quick and safe way to buy digital currencies from anywhere in the world. Thus, it operates in all countries, except those with sanctions like North Korea. 

Coinmama allows its users to buy cryptocurrencies using fiat currency. It also allows fast transactions as it sends coins instantly to your private wallet after payment. The exchange is also very reliable and secure and has an accommodating support team. It is also straightforward to use and allows the buying of 10 cryptocurrencies. It is also worth noting that this exchange charges its users relatively high transaction fees, especially for those using debit or credit cards.

6. Gemini

Founded by the Winklevoss twins in 2015, Gemini is a bitcoin and ether exchange platform. Based in New York, this exchange is currently the 39th largest exchange according to coinmarketcap. In 2016, it became the first licensed ether exchange in the world. 

Like Coinbase and Kraken, Gemini allows its users to make fiat payments using USD only and also provides an ETH/BTC market. The platform is also very safe in that it is one of the exchanges used for CBOE bitcoin future settlements. This exchange operates in all U.S. states and other countries, including the U.K., South Korea, Singapore, Canada, and Hong Kong.

7. Kucoin

Kucoin is a third-party trading platform that allows the buying and selling of different cryptocurrencies. Established in May 2017, this platform is a simple and safe place that helps people worldwide to trade digital coins. It has more than 75 individual cryptocurrencies and over 300 trading pairs at this time of writing. 

Additionally, Kucoin also supports new cryptocurrencies that have completed their ICO. It also has low transaction fees since it is free to make deposits, and buyers pay a 0.01% fee. This exchange also accepts five mainstream fiat currencies when trading crypto.

8. Bittrex

Founded in 2014, Bittrex is one of the most secure crypto sites in the industry. Based in Seattle, Washington, this trading site allows its users to purchase crypto using fiat currency. The platform offers more than 190 different cryptocurrencies as well as 284 unique trading pairs. 

One of the major advantages of using Bittrex is that it charges a flat rate of 0.25% on each trade. The exchange also performs fast transactions through its elastic computing and uses cold storage for 80%-90% of its currency. It also offers its users with a two-factor authentication process for all their transactions. Some users have reported that Bittrex's security measures are too secure that they have been locked out of their accounts.

9. CEX

Ideal for both advanced and new investors, CEX.io is a cryptocurrency exchange platform that offers several digital assets and accepts multiple deposit types. It is very secure and legit as it has a FinCen license and is a registered Money Services Business in the U.S.

Launched in 2013 in London, this trading site offers several cryptos and trading pairs and allows fiat payments. It also features low transaction fees and is very easy to use, even for beginners. The exchange also has an excellent support team and educational content that helps understand how to use the platform.

10. Changelly

Another popular bitcoin and crypto site is Changelly. Founded in 2013, this platform is relatively easy to use as it only requires your email when registering an account. Through your email, the site uses two-factor authentication to secure your transactions and account. The email also allows you to recover your account if you forget your email. 

Changelly offers its users a flat transaction fee of 0.5% per trade, regardless of which crypto you are using. The platform also features 24/7 live support, API, and widgets solutions that allow you to use the exchange from your wallet and a user-friendly mobile app. 

Conclusion

Cryptocurrency is one of the fastest-growing industries in the world. Whether you are a new or experienced investor, choosing the best crypto site is vital in your crypto trading journey. With the above list of the most popular bitcoin and crypto sites, you can select the most suitable exchange for you. However, ensure that you thoroughly research your preferred exchange before finalizing your decision.

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