Best Cryptocurrency Centralized Exchanges | Top Crypto Exchanges

In this post, you'll learn Top 12 Cryptocurrency Centralized Exchanges that You Need to Know and Use

What are Cryptocurrency Exchanges?

Cryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies. In effect, cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees.

On common cryptocurrency exchanges, $100 can be exchanged for bitcoin of equivalent value, and vice-versa. Similarly, bitcoin worth $100 can be exchanged for Ethereum of equivalent value. The same concept can be applied to different assets based on what is offered by the exchange.

Advantages of Centralized Cryptocurrency Exchanges

User-friendly: Centralized exchanges offer beginner investors a familiar, friendly way of trading and investing in cryptocurrencies. As opposed to using crypto wallets and peer-to-peer transactions, which can be complex, users of centralized exchanges can log into their accounts, view their account balances, and make transactions through applications and websites.
Reliable: Centralized exchanges offer an extra layer of security and reliability when it comes to transactions and trading. By facilitating the transaction through a developed, centralized platform, centralized exchanges offer higher levels of comfort.

Disadvantages of Centralized Cryptocurrency Exchanges

Hacking risk

Centralized exchanges are operated by companies that are responsible for the holdings of their customers. Large exchanges usually hold billions of dollars worth of bitcoin, making them a target for hackers and theft.
An example of such an incident is Mt.Gox, which was once the world’s largest cryptocurrency exchange company before it reported the theft of 850,000 bitcoins, leading to its suspension.

Transaction fees

Unlike peer-to-peer transactions, centralized exchanges often charge high transaction fees for their services and convenience, which can be especially high when trading in large amounts.

The following are the top centralized cryptocurrency exchanges, according to traffic, liquidity, and trading volumes.

1. Binance Exchange:

Binance is a renowned name in the cryptocurrency trading sphere. The Binance global platform has been promoted globally through mainstream advertisements resulting in more people entering the crypto trading landscape. However, there are several other platforms offering services similar to Binance.

Hence, a comprehensive review is what a trader needs to make the right adoption. This Binance review navigates different aspects of the platform and puts forth an unbiased analysis of its features. In this review, Binance’s contribution in helping the trade of CFDs on cryptocurrencies has been evaluated. Let’s discover how and why Binance is considered one of the world’s popular trading platforms for cryptocurrencies.

Features of Binance

Stalking
Saving
Yield Farming
Charting Tools
Trust Wallet
Binance Launchpad for Entrepreneurs

Pros and Cons of Binance

Pros	Cons
Binance has the widest range of cryptocurrencies to offer in the market. It also has a comprehensive range of cryptocurrency pairings available for trading, including BNB, BTC, ETH, and Bitcoin Cash.	The KYC compliance may be positive for some, but it can be a roadblock to traders seeking anonymity. The platform does not offer its services without KYC compliance. Hence, several users are unable to trade on Binance before completing the verification process.
It is an easy-to-use platform. Binance has dozens of tutorials that can help users with different features of the platform. It also supports the users in technical assistance when the platform faces a complex computing problem.	Advanced trading platforms by Binance are quite complicated for new traders. Their operations are designed only for professional experienced traders.
Binance holds a strong emphasis on its data security. With the Binance chain blockchain technologies, it protects the transactional data at every endpoint of the transactions. An array of security measures is used to safeguard investor assets from cyberattacks.	A Binance demo account is only available in the Binance Futures Trading segment.
Binance supports various methods for deposits and withdrawals of funds and crypto money.
One can earn an interest in their crypto holdings. They can be good rewards for staking cryptocurrencies.
It can smoothly execute a high trading volume. Binance delivers greater liquidity to its traders.
Binance Launchpad is a unique platform that gives users exclusive access to the newly launched coins and tokens.
Multiple platforms for trading are available on Binance. The exchange also caters to different levels of trading experiences, including margin trading.
There is a comprehensive customer support center run by Binance experts offering 24/7 phone support.

Cryptocurrencies Supported

Bitcoin BTC
Binance Coin
Ethereum
Binance USD
Dogecoin
SHIB and other coins.

☞ Sign Up Binance Exchange

2. Houbi Exchange:

Huobi is one of the largest cryptocurrency exchange platforms based initially in Beijing but currently headquartered in Singapore. The exchange supports both ICO tokens and cryptocurrencies and emphasizes the future development of the Blockchain economy.

After its relocation in Singapore in 2020 following a ban imposed by the Chinese government on ICOs and fiat to crypto trading, Huobi established its offices in other parts of the world like Hong Kong, the USA, South Korea, and started to explore the crypto markets in Japan. However, the crypto ban in China and Huobi’s expulsion from the nation could not prevent the crypto exchange from its operations, and it presently has over 3 million active account holders.

Features of Huobi

Huobi is a trusted global leader in the crypto space that has transacted more than 25 billion on its platform over 24 hours. It also offers Bitcoin, which is the topmost cryptocurrency by market cap. Further, Huobi’s native token is built using blockchain technology.
Users are offered access to a wide range of products to trade, buy, swap, borrow, store, and sell bitcoin and other cryptocurrencies. Huobi is suited for all types of users and provides competitive fees for every transaction.
Huobi has become a safe place to sell, trade, and buy crypto, and it has several millions of active users trading globally. It also provides several payment options like a debit card or credit card transfer, bank transfer for its users to convert fiat currencies to crypto.
The security methods offered by Huobi are as per industrial standards. It also provides cold wallet storage, two-factor authentication, SMS, and email notifications which makes sure the environment is safe to trade.

Pros and Cons

Pros	Cons
Impressive user interface.	Does not support fiat deposits and withdrawals.
The Main exchange supports over 300 cryptocurrencies and tokens.	The verification process is a bit lengthy.
Employs high-level cyber security mechanisms.
Responsive customer support team.
Huobi users enjoy the right to vote on the alternative HADAX exchange that supports multiple altcoins.

☞ Sign Up Houbi Exchange

3. Coinbase

Coinbase is a fully regulated and licensed cryptocurrency exchange in 40 U.S. states & territories. Coinbase initially only allowed for Bitcoin trading but quickly began adding other cryptocurrencies that fit its decentralized criteria. Coinbase actually has two core products; a broker exchange and a professional trading platform named GDAX. However, the two can be used independently from one another. Today, Coinbase offers everything from cryptocurrency investing, an advanced trading platform to custodial Coinbase accounts for institutions, a wallet for retail investors, and own stable coin – USD Coin (USDC). Coinbase’s best crypto wallet is available in 190+ countries. Also, it has several thousands of employees around the world.

Features of Coinbase

Stalking
Crypto insurance
Secure storage for coins

Pros and Cons

Let us review a few Coinbase pros and cons

Pros	Cons
The platform has an easy and simple to use interface	Coinbase is not available in a few countries
Coinbase accepts major cryptocurrencies and fiat currencies	Compared to its competitors, Coinbase trading fees and exchange fees are a bit high
The website offers an exclusive platform for advanced traders called Coinbase Pro	User does not control wallet keys
The mobile app has all the features of the desktop	Those interested in altcoin trading won’t find as many as some other exchanges
Very high liquidity
It has a solid variety of altcoin choices

☞ Sign Up Coinbase

4. Kraken

Kraken is an all-around decent exchange, as it’s accessible to beginners but can scale to more advanced investors/traders, and you can trade more than 65 cryptocurrencies. The exchange says it prioritizes security and maintains dedicated protection for your investments.

Kraken claims to be one of the first exchanges to offer spot trading on margin and other advanced products. Unlike many other exchanges, it does not offer a wallet option. The platform is unavailable in New York and Washington states, and other areas may have restrictions. It was founded in 2011 and launched in 2013.

Pros and Cons of Kraken

Pros	Cons
It prioritizes security and follows strong measures like two-factor authentication, SSL encryption protocols, APIs, etc.	The website is not available in many countries.
The website offers more than 65 cryptocurrencies to buy, sell, or trade.	There are no crypto wallet options.
Traders can trade instantly with the high-liquidity crypto exchange.
Customers at Kraken can earn multiple rewards through staking.
The site offers useful videos and guides for beginners.

Kraken Fees

Kraken’s Instant Buy feature has a 0.9% fee on the purchase of stablecoins with other stablecoins or USD and a 1.5% fee on purchasing stablecoins with cryptocurrencies. There is also a 1.5% fee on other trading pairs. Additional Kraken fees include –

3.75%+$0.28 for debit/credit card payments.
3.75%+$0.28 for digital wallet payments.
0.5% for ACH or online banking.

☞ Sign Up Kraken

5. Bitfinex

Bitfinex is one of the oldest cryptocurrency exchanges in the world, founded in 2012. The Bitfinex headquarters is based in Hong Kong and managed by iFinex Inc. It is one of the most liquid exchanges in the world that deals in digital tokens (BTC/USD pairs) along with seven other major Altcoins like Ethereum and Monero.

The journey of Bitfinex as a exchange trading platform has not been impeccably smooth in its early days, as soon after it came into existence, the cryptocurrency exchange experienced two hacks and several other controversies for price manipulation and security breaches along with allegations of insolvency. But with its unique features and safety measures, it has managed to become one of the largest cryptocurrency exchanges in the world in terms of high volume.

The Bitfinex exchange offers margin-trading, and their in-house indicators for both Bitcoin long and shorts provide essential trading signals to other leading crypto players in the market. Besides, the exchange also supports fiat trading, deposits, and withdrawals.

However, it might take a lot of time for a new user to complete the verification process, which is due to the backlog of applicants the exchange has. This yet again favors the exchange that despite a long verification process and turbulent records, cryptocurrency traders are keen to use the trading platforms for crypto trading and investments.

Features of Bitfinex

Margin Trading
Stalking and Lending
Application Programming Interface
Bitfinex Borrow

Pros and Cons

Pros	Cons
Suitable for experienced traders.	Does not support US clients.
Supports over 100 crypto coins.	High trading fees.
Ethical- paid back all the losses to traders who suffered the 2016 crypto hack on the exchange.	Not a regulated exchange.
High Liquidity.	Customer support team can only be contacted via email
Allows bank wire deposits and withdrawals.	Does not allow any debit/ credit card or e-wallet deposits.

☞ Sign Up Bitfinex

6. Poloniex

Poloniex is a cryptocurrency trading and exchange platform. Now, it is a part of or subsidiary of its parent company named M/s. Polo Digital Assets Limited. This parent company is established and originated in the Island country of the Republic of Seychelles. Thus, implicitly now even Poloniex Exchange’s main location i.e. headquarters are based in the Island country of Republic of Seychelles and the exchange is now regulated and governed by the Republic of Seychelles’ rules, regulations, and laws regarding Crypto or digital currency.

Unilaterally, Poloniex cryptocurrency exchange platform is lawfully and officially open as well as trade wise accessible to almost all countries around the globe except few. Which implies that Poloniex is forbidden for the residents and citizens of the few countries in lieu of trading and exchange such as Cuba, Iran, North Korea, Sudan, Syria, The United States. As of now the trading volume of Poloniex Exchange platform is approximately 4872 Bitcoins (BTC) per day trading volume.

Establishment and History of Poloniex: Poloniex trading exchange was originally headquartered in Delaware i.e. a United States based cryptocurrency trading exchanges and it was established in January 2014 by Tristan D’Agosta. This Poloniex trading exchange was and also is one of the biggest U.S. based cryptocurrency exchanges in the world. Soon after it was launched, the platform faced a cyberattack in 2014 itself which made it lose almost 12% of its Bitcoin pool i.e. approximately USD 50,000 worth.

Over and above this loss, the platform had also borne the consequences and returned the investors equal amount of lost Bitcoin share of investment. Later in 2016, it rose up again from this setback and increased its trading volume by being the first entrant in the market to list Ethereum (ETH) on its trading exchange. Then in the first quarter of the year 2018, Poloniex was acquired by a company named M/s. Circle (a payments company) for acquisition cost of almost 4,00,000 USDT.

After acquisition, Poloniex’s transformation began towards its progress and it was totally transmuted into America’s one of the first fully regulated crypto exchanges by Circle company. Consequently, Poloniex is one of the top and immensely popular US Crypto exchange specifically amongst the US investors, experienced traders as well as new users also. It has daily trading volumes of more than approximately USD 100 million.

Further, after facing another setback and some challenges in the form of Cryptocurrency CLAM crash details in early 2019 due to the uncertainty in the U.S. cryptocurrency regulatory environment; Consequently, at end of the same year i.e. in November 2019, the parent company M/s. Circle swirled out the strategy and switched the Poloniex as an organization into a separate entity under the name of Polo Digital Assets Ltd and this newly formed company was again officially registered in an archipelagic island country of Republic of Seychelles, which is a remote island in the Pacific and is very much renowned for crypto favorable regulations as well as is also a home for other unregulated cryptocurrency exchanges like BitMEX, Prime XBT, Binance, etc… This newly formed entity – Polo Digital Assets Limited is the parent company of Poloniex.

Further, the establishment of this parent company was supported and funded by an unnamed group of Asian investors including TRON’s CEO Justin Sun. With this strategy take of Circle it freed itself from challenges as a US regulated company/regulated international exchange and totally took a different direction by avoiding AML/KYC checks to becoming a platform without verification as well as by becoming a fully unregulated exchange.

Thus conclusively, as different exchanges have different trading views, Poloniex also now has its own trading view for cryptocurrencies. Further, again in February 2020, Poloniex again faced a bug attack for which in April 2020 the web platform went under a total revamping of its interface on various different interfaces such as websites, mobiles etc. However, it responsibly and successfully managed to come out of this crisis and stood again in the market with its head upright by again gaining the faith of its users.

Pros & Cons

Pros	Cons
Poloniex offers extremely low trading fees as compared to other majority exchanges.	On Poloniex Exchange only very few / limited fiat deposits options are available for users / traders.
Poloniex is a User friendly trading platform (English version along with other languages).	As compared to the review of some other exchanges, as of now Poloniex Exchange is a more freely and liberally regulated / governed trading exchange..
Poloniex account and order book holds a smooth and simplified user interface with trading view charting application for ease of use.	The order book does not support fiat currencies in their trading process.
Poloniex provides its users or traders with a pool of majority cryptocurrencies to choose from.	Poloniex customer service support might be at times little delayed and laid back as observed and analyzed through customer’s feedback overall.
It has a distinctive feature that its users or traders can leverage as well as futures trading options of investment using Poloniex.	Poloniex Exchange has a history of being hacked twice i.e. one in the past during its initial inception phase and second in February 2020; however, the recovery process of the platform was efficiently managed from both the bug attacks.
Poloniex facility is not only available on web interface but also on Mobile application as well.	After the change in management and authority of the Poloniex Exchange’s head group company, it is now an unregulated crypto trading exchange.
Poloniex has its own decentralized exchange – Poloni DEX and also its own Poloniex Launch Base as IEO Launchpads.
As per the review, Poloniex is a very easily accessible platform, where only the email address of the traders or users is required to trade.
As per the user review, Poloniex provides its users and traders with round the clock and all days of the week i.e. 24 hrs. and 7 days customer support service.

Poloniex Fees

Poloniex fees are the lowest when compared with other popular most crypto exchanges. This platform charges its users to execute margin, spot trades, and cryptocurrency withdrawals. Poloniex VIP customers fall into the category of Poloniex silver, gold, or market maker tiers. They pay 0% as a maker and less than 0.04% for taker trades.

☞ Sign Up Poloniex

7. Kucoin

KuCoin is a crypto exchange headquartered in Seychelles. KuCoin cryptocurrency exchange’s service is not limited to buying and selling or exchanging crypto tokens for altcoins or fiat currencies. In addition, KuCoin’s crypto loan service for specific interest rates differs from the other crypto exchanges in the world.

The website is quite simple and easy to navigate. It is subdivided into various sections for easy signup, after which one can start trading. The collection of supported cryptocurrencies and fiat currencies is quite impressive. In addition, KuCoin offers multiple auto-trading and financial tools like trading bot and crypto lending, making it a preferred exchange for passive earnings.

As a crypto exchange with a worldwide reach, KuCoin is a convenient option accessible from most countries. Nevertheless, US citizens above the FBAR threshold must include it in FBAR filings as KuCoin is a non-US-based exchange.

Features of KuCoin

The clients are offered more than 200 digital assets, helping in executing secure transactions with lower fees. KuCoin has a great reputation and has become one of the topmost digital currency exchange that provides a wide range of cryptocurrencies. It provides numerous discounts and bonuses; and charges a fees of 0.1 % per trade executed.
KuCoin has industry-level security practices in place that includes multilayer encryption, micro-withdrawal bitcoin wallets, multi-factor authentication, and an internal risk control team that oversees the daily operations as per strict security standards.
KuCoin is a beginner-friendly and intuitive software, and it provides cryptocurrency trading platforms that help clients easily speculate using bitcoin and cryptocurrencies.
KuCoin’s most important factors are it supports non-custodial trading. This non-custodial trading can be executed directly from the user’s private wallet.
The Platform has also provided a FAQ section for the user’s so that they can work efficiently.

Pros and Cons of KuCoin

Pros	Cons
Over 600 cryptocurrencies are supported.	Does not support trading of fiat pairs.
Multiple payment methods.	Different trading pairs supported different markets.
Supports exchange of fiat-to-crypto and vice versa.
Easy to download mobile apps for android and iOS devices.
Availability of micro withdrawal wallets.
Comparatively low trading fee.

☞ Sign Up Kucoin

8. Bybit

Bybit was founded in 2018 and is known to be one of the fastest-growing cryptocurrency derivatives exchanges in the crypto world. Headquartered in Singapore, it is registered in the British Virgin Islands. It was established by a team of professionals with expertise in investment banking and the New York trust company department with adequate knowledge about the publicly listed company. It is a client-focused platform that provides a fine user experience accepting Singapore dollars. The daily trading volume on this website is increasing rapidly

Bybit exchange, a crypto derivatives exchange, provides a fair trading environment to trade futures with good leverage in BTC/USD, ETH/USD, XRP/USD, EOS/USD, and BTC/USDT perpetual contracts. According to our Bybit review, this cryptocurrency exchange operates and provides a safe, secured, fair, transparent, and efficient futures trading platform.

Features of Bybit

Trade derivatives products.
100X leverage trading.
Host of data analysis tools.
Intuitive user interface for the crypto community.

Pros and Cons of Bybit

Pros	Cons
No KYC is needed for a new user. It’s easy to start trading.	The number of trading pairs is limited.
It has a pc based trading as well as a mobile app option to log in and trade.	Lack of regulation.
Bybit leverage is very high, attractive trading fees and market maker rebate.	US citizens are not allowed to trade.
Has Insurance Fund guarantee to mitigate and cover losses.	Trading volume statistics cannot be verified to determine its authenticity.
Multiple order types possible such as limit orders, partial orders, conditional orders and market orders.
Derivative Contracts settled in Coin and USDT.
High bonuses.
It is among the top three established exchanges in terms of highest trading volumes in crypto derivatives.
Bybit fees are amongst the least compared to other exchanges.

☞ Sign Up Bybit Exchange

9. Gate.io

Gate.io has been the oldest cryptocurrency exchange in China since 2013. It is one of the leading Initial Exchange Offering (IEO) platforms with nominal trading fees. Major features like margin trading with leverage and lending crypto with margin lending among several cryptocurrencies make it one of the best crypto exchanges in Asia.

Gate.io is a Bitcoin exchange platform that supports BTC, LTC, Ethereum, Qtum, and more blockchain assets trading. Within a few years, the exchange gained worldwide popularity and is now functional in almost all countries worldwide. However, the platform is currently not operational in China and has shifted its registered office to Virginia, USA.

Besides supporting over 800 leading cryptocurrencies with over 1,000 trading cryptocurrency pairs, the platform also supports spot trade and margin trade. It has also expanded its services to various other markets like ETF, Options, futures, and derivatives for investors. It is a platform mainly for professional traders.

Features of Gate.io

Users may use period investment plans, pay and invest in cryptocurrency markets, margin trade with 10x leverage, margin lend or borrow funds, and invest in the crypto market.
It offers low fee service to its users.
CER has named it one of the best exchanges for cybersecurity.
It offers a large help database, including a FAQ part and a New User Guide.

Pros and Cons of Gate.io

Pros	Cons
The platform operates globally in more than 400 markets and over 800 cryptocurrencies.	Unregulated exchange.
Amazing IEO (initial exchange offering) platform.	Not recommended for beginner traders.
Robust mobile application.
Multiple features, including spot trading and margin trading with 10x leverage.
Highly secure exchange.
24/7 customer support.

☞ Sign Up Gate.io

10. Bittrex

Bittrex is a US cryptocurrency exchange that was launched in 2014. With its headquarters in Las Vegas, Nevada, USA, Bittrex also has an office in Seattle, Washington, USA. Bill Shihara, Richie Lai, Ryan Hentz, and Rami Kawach are its founders. Bittrex reportedly gained about five hundred thousand users by December 2017.

According to Coinranking.com, Bittrex generates a decent daily trading volume of about 262.54 million. On Coinranking’s list, Bittrex is at 63rd rank and owns a 0.20% market share on the day this article is being written.

Bittrex is typically a crypto-to-crypto trading platform; however, it does allow its users to invest in USDT (US Dollar Tether). Bittrex currently supports USD, EUR, and some other fiat currencies, but this facility wasn’t available initially. This cryptocurrency exchange has a simple user interface and comes with next-level security provisions.

Pros and Cons

Pros	Cons
Offers a secure crypto trading platform.	Does not support bank transfer.
0.25% flat crypto exchange fees for all trades executed.	Charges a higher fee for low-volume traders.
Provides anonymous trading.	Customer support needs to be improved.
Easy to use interface that beginners can use for instant buy/sell bitcoin and other cryptos.
Does not charge a fee on withdrawals and deposits.

Bittrex Fees

In terms of maker and taker fees, this exchange charges 0 – 0.35%; Bittrex charges a flat commission of 0.25% on all the crypto trades executed. It does not charge a fee for withdrawals and deposits from the users.

☞ Sign Up Bittrex

11. HitBTC

HitBTC is a European Bitcoin exchange that started its project with 6 million received as venture capital in 2013 in Hong Kong. This platform offers its services globally without any restrictions. According to the HitBTC review, HitBTC offers its services to most of the European and Estonian markets; this exchange is easily accessible for Europe-based customers from different parts of the world.

HitBTC has an abbreviated Bitcoin(BTC) name in it and is a multi-currency digital exchange rather than a Bitcoin-based platform. HitBTC supports numerous trading pairs that have several cryptocurrencies, including some of the most popular crypto-assets. HitBTC team members have developed this platform keeping different types of users in mind. When it underwent the designing phase, the emphasis was solely laid on simplicity and easy to use interface for its users. One of the most important features offered by HitBTC is that it offers different types of accounts for the traders to choose from to match their trading style.

Features of HitBTC

Demo Mode
Anonymous Account
Cold Storage

Pros and Cons

Pros	Cons
HitBTC fees are low when compared with trading fees of other exchanges.	US clients are not accepted by this platform.
The user interface is simple to use.	HitBTC is not for beginners.
There are no upper limits for deposits and withdrawal operations.	Mediocre customer support.
It has a wide range of cryptocurrencies when compared with other exchanges.	HitBTC is not a regulated exchange.
Users need not undergo the KYC process.
HitBTC offers the highest level of security using 2FA and advanced encryption technology.
HitBTC platform offers high exchange liquidity.

☞ Sign Up HitBTC

12. OKX Exchange

OKX is a Malta-based cryptocurrency exchange founded in 2014 that has been serving millions of users in over 100 countries in the world, ranking 4th in terms of the trading volume as per our research and OKX review. Apart from cryptocurrencies, OKX also offers spot trading, futures trading, and derivatives trading. As such, it is considered the largest spot and derivatives exchange in the world (also in terms of trading volume). The present CEO of the OKX trading platform, JayHao, had a profound interest and expertise in game development before he joined the cryptocurrency trading platform.

The exchange started its journey from Hong Kong and later expanded its operations to Malta after the Maltese government adopted an altogether friendly approach to cryptocurrency investment and trading. Over the years, OKX got the support and investment advice from leading venture capitalists and investment companies like Ceyuan Ventures, VenturesLab, Longling Capital, eLong Inc, and Qianhe Capital Management which helped the digital assets exchange to reach the pinnacle where it is now. So read this OKX review further, know all the insights of this exchange, and start exploring!

OKX was born out of its sister company OKCoin which is a simpler crypto exchange USA that mainly targeted professional crypto traders. OKCoin only focussed on cryptocurrency trading (buying and selling) and ICO tokens, whereas OKX offers a more sophisticated platform for other financial securities like spots, options, derivatives, and leverage trading apart from only cryptocurrencies. OKX launched its own ‘utility token’ OKB in 2018.

The token can be either used to settle trading fees on the OKX platform or to pay for “exclusive services including customer support services and enhanced API rates. Before registering on the platform, it is recommended that the traders go through the various OKX reviews available for a thorough knowledge about how the exchange works.

Features of OKX Exchange

The OKX trading platform hosts some of the innovative features that make it one of the leading cryptocurrency exchanges in the world.

Easy to use interface allows both beginners and more experienced traders to trade crypto on the platform.
Offers a huge selection of trading assets – more than140 digital tokens and over 400 BTC and USDT pairs.
Allows multiple payment options like debit card, credit card, wire transfers, Google Pay, etc.
Offers a wide range of crypto trading solutions like spot trading, margin trading, DEX trading, futures, options, perpetual swap, quick trade (one-stop marketplace).
Low fee structure based on market taker and market maker model.
Zero deposit fees and also low withdrawal fees.
Robust security measures.
Excellent 24/7 customer service.
OKX academy provides a great education section for beginners.

Pros and Cons

OKX, like all other exchanges, has its own advantages and disadvantages.

Pros	Cons
Low trading fees.	US citizens are not allowed.
Zero OKX deposit fees.	Demo account not available.
Accepts multiple payment methods.	There are limitations for withdrawals.
Huge selection of crypto coins.
Allows an extensive range of pro-trading options like spot, futures, and derivatives trading. Also, offer margin trading.
It has an easy interface together with a separate mobile application.

OKX Fees

OKX fees are the lowest in the crypto market; hence, they can be regarded as their major strength. Fees are based on 30-day average trading volumes, and it charges maker fees of 0.15% and taker fees of 0.2%.

☞ Sign Up OKX Exchange

Thank you for reading Morioh’s guide to Cryptocurrency Exchanges.

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