Selecting a crypto marketplace is not as easy as it seems since there are more than 1100 crypto exchanges worldwide to choose from. Each forum provides different benefits, such as trading options, good interest rates, multiple deposit options, and crypto bonuses.
So, if you want to know the top ten crypto marketplaces, continue reading this guide!
10 Top Crypto Trading Platforms
Crypto marketplaces, also referred to as crypto exchanges, are online platforms that are used by crypto investors to buy, sell, and trade various cryptocurrencies. Instead of signing up for the first crypto marketplace you come across, research to reach the best one. This will elevate your crypto investment experience and help you gain more rewards. Therefore, use the list of top marketplaces mentioned below to begin your investment journey.
Kraken is one of the oldest exchanges and the best place to buy crypto. It supports more than 190 crypto coins, including Bitcoin and Ethereum. More than 6 million people log in to their Kraken accounts regularly, as a result of its simple user interface. The platform also allows investors to earn high-interest rewards through coin staking. You can use your bank account to buy cryptos and convert them into whatever coin you need.
Kraken usually charges a high transaction fee, but it can be reduced by upgrading to the Kraken Pro version. In the standard version, Kraken charges a 1.5% fee for most cryptocurrencies and 0.9% for stablecoins. However, with Kraken Pro, the prices are based on your entire trading volume of the previous 30 days. You will have to pay a maximum of 0.26% taker fee (trades that reduce liquidity) and 0.16% of maker fee (trades that create liquidity).
Gemini is a privately owned crypto marketplace that has 60 crypto coins onboard for trading, selling, buying, and storing. Launched in 2014, the exchange soon expanded internationally. Now it is available in 100+ countries around the globe.
Gemini facilities crypto trading 24/7 and charges active users a 0.30% – 0.03% taker fee and 0.20% – 0.00% maker fee. The final fee amount depends on the frequency and volume of trading. Gemini also has a mobile app and a payment app that can be used to trade, buy, and sell cryptos. Moreover, the marketplace has its own currency named the Gemini dollar, which is a “stablecoin” tied with USD.
Crypto.com marketplace welcomes crypto buyers and sellers to trade assets. It also offers centralized and decentralized (called DeFi Wallet) crypto wallet services to store cryptocurrencies and NFTs. You can even buy NFTs from crypto.com, as it officially launched its NFT marketplace in March 2021. The Crypto.com NFT marketplace offers NFTs minted on the Crypto.org and Ethereum blockchain.
The only downside of this exchange is you cannot use it on a desktop. But Crypto.com has a mobile app that works brilliantly and provides the ultimate crypto trading experience. When using the app, you will be charged 0.04% to 0.20% as a maker fee and about 0.10% to 0.20% as a taker fee.
KuCoin is a marketplace that offers basic crypto trading as well as peer-to-peer (P2P) trading. You can trade in Bitcoin and 600+ altcoins at low fees compared to other marketplaces. The maker and taker fee range from 0.0125% to 0.1%, depending on the tier level. There are three tier levels in exchanges, the first level is less volatile, and the fluctuations increase along with levels.
Unfortunately, KuCoin’s security is not very good. In September 2022, the exchange was hacked, and over $280 million were stolen from people’s wallets.
Coinbase is the safest crypto exchange that offers over 170+ tradable crypto coins. New coins are supported by the exchange regularly. Some of the coins on the list of cryptocurrency supported by Coinbase are:
You can trade and buy/sell anytime, as the exchange is open 24/7. The exchange also allows you to purchase new cryptos through bank accounts. However, the transaction and trading fee is slightly higher than other exchanges. For example, you have to pay a flat 1% on all transactions.
eToro is a great marketplace for stocking and trading cryptocurrency. It is one of the first online trading exchanges that supported Bitcoin and other digital currencies. You can buy and invest in 40+ coins and buy an eToro wallet to store your saving, profits, and rewards.
eToro charges a relatively lower trading fee than other marketplaces but the currency conversion and withdrawal fee is very high. Moreover, the fee can increase based on your location. Otherwise, eToro is a very secure place to store your digital currency, as it has been successfully protecting funds for more than a decade.
Binance, a leading cryptocurrency exchange, is the best place to buy Bitcoin at the lowest rates. Easy altcoin trading is another main benefit of registering on this marketplace because it supports 600+ cryptocurrencies. Moreover, you can instantly complete transactions as Binance processes 1.4 million transactions per second.
Binance has high-security standards based on multi-tier and multi-clustered architecture. Unfortunately, hackers were still able to attack and steal $570 million worth of cryptocurrency in October 2022.
Uphold is a multi-asset trading marketplace that offers forex trading along with standard trading and crypto exchange services. You can access more than 200 crypto coins and trade with them in the USA and Europe.
In addition to investing in crypto, you can also trade fiat currencies, precious metals, and NFTs. You can easily create an account with a minimum deposit of $10. Uphold does not charge any deposit, withdrawal, or trading fee. However, you will have to pay a spread fee (0.8% to 1.2%) depending on the market value of a trade.
Uniswap is a decentralized crypto exchange that facilities transactions on the Ethereum blockchain. It supports more than 50 coins which also include stablecoins (coins whose value is tied to another currency). You can also use these tokens for P2P trading to earn rewards.
The best feature of Uniswap is that it is available worldwide and has no border restrictions. It is also very safe because you are not required to sign up and provide personal details. In addition, no third party holds your monetary assets as all parties directly trade from their wallets.
Bitstamp is one of the oldest crypto marketplaces that supports 70+ popular altcoins. It is well known for its user-friendly interface and reasonable trading fee. Bitstamp is the perfect platform for beginner traders, as it only provides basic low-risk services at fewer prices.
Advanced traders can also use Bitstamp if they want to benefit from short-term crypto price fluctuations. The exchange does not charge any fee on trades valued at less than $1000. However, the maker and taker fee is charged according to your total trading volume for the last 30 days.
Comparison of Top Crypto Exchange Platforms
|Valuation ($)||$609 M||$7.1B||$5-10M||$10B||$9.78B||$8.8||$34T||$100-500M||$1.6B||$420B|
|Estimated Annual Trading Volume (2022)||$1.04 B||$27.43M||$209.59 M||$444.25M||$47B||–||$76B||–||$1.2T+||$1.5M|
|Number of Cryptocurrencies||190||100+||225||600+||170+||40+||600+||200+||50+||70+|
Crypto marketplaces are digital places for crypto investors to buy, sell, and trade crypto coin, NFTs, and other crypto assets. It is essential to find the best marketplace that offers low transaction fees and maker-and-taker fees while offering good rewards. The exchange also needs to be user-friendly to provide a good user experience. Therefore, check the list of the top 10 crypto exchanges to find the one that is perfect for you.
What is crypto market cap?
Crypto market capitalization or market cap is the total value of mined coins. The market cap of a coin shows its growth and value compared with other crypto assets.
What is altcoins price?
The current price of altcoin is $0.00000002, and this cryptocurrency price has not changed for the past week. The term altcoin or alternative coins includes all crypto coins apart from Bitcoin.
How does a cryptocurrency marketplace work?
Cryptocurrency marketplaces provide a virtual portal that is used for buying, selling, and trading various crypto tokens. These marketplaces can be centralized (have intermediaries between buyer and seller) and decentralized (does not have intermediaries between buyer and seller).
Is Binance a better crypto exchange than Coinbase?
Binance exchange is the best way to trade crypto for investors that are familiar with the cryptocurrency market and understand its terminologies and trading options. In comparison, Coinbase is well suited for beginners due to its easy-to-use interface, a large number of crypto support, and quick transaction process.
Why is the crypto transaction fee so high?
Due to a boost in supply and demand, the crypto transaction fee is very high. When a blockchain’s transaction demand increases, the marketplace has to raise the cost because it cannot keep up with the supply.