We have seen epic development in digitalization in the past two decades. A lot has now gone online, allowing us to lead comfortable lives. Even currencies are now digital, giving us a new mode of exchange and trading.
These are known as cryptocurrencies (or digital currencies), which can be bought by exchanging FIAT currencies online. There are also several cryptocurrency exchanges where you can process these transactions. In this article, we will share some of the popular cryptocurrency exchanges where you can make secure and instant transactions.
But before that, let’s take a look at the significant uses of cryptocurrencies.
Uses of Cryptocurrencies
For the new users wondering about the use of cryptocurrencies, let us assure you there are plenty of benefits. If you do not understand anything, you can merely use the exchanges to trade. You can buy and keep them like stocks. The crypto prices increase and decrease from time to time. You can sell the coins at higher prices to earn a profit.
There are also online and offline shopping outlets where cryptos can be used to buy merchandise. One of the newest trends in crypto casinos is where you can gamble online using top digital currencies.
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Binance is the largest cryptocurrency exchange in the world by trading volume. It was set up in 2017 and registered in the Cayman Islands. It is one of the most trusted exchanges accessed by millions of users globally. It features the top 600+ digital currencies, allowing you to instantly exchange and trade them.
You can also buy crypto using over 40 different FIAT currencies from various countries. Some of the top FIAT currencies accepted at Binance are UDS, CAD, EUR, GBP, and RUB.
It also supports P2P trading, which gives you the freedom to buy and sell different crypto using some of the major digital currencies. These include USDT, BTC, BUSD, BNB, ETH, and DAI.
Coinbase is one of the most secure crypto exchanges, which supports over 100 digital currencies. It is an American Company and the largest crypto exchange in the US by trading volume.
Coinbase is a popular exchange platform best for new users. It has minimal transaction charges providing services in 100+ different countries worldwide.
The platform also features a reward system in various ways. Just complete simple tasks to earn rewards in crypto.
FTX cryptocurrency exchange is another reliable platform accessible in different parts of the world. The platform provides ample, innovative features for users to make safe and secure transactions.
From spot trading to futures trading, stocks, and more, there is a lot you can do here. The site is best for both newcomers and professional traders.
It has over 300 digital currencies that you can buy and trade. It is one of the best sites offering fewer trading charges for users. FTX has also built customized hot and cold wallets to fit the requirements of different users.
The next crypto exchange on our list is Kraken. It began its journey in 2019 and had its headquarters in The Bahamas. It features around the top 70 digital currencies on its platform.
One of the best elements of Kraken is it stores the majority of its crypto in cold wallets. This ensures safety and eliminates the chances of crypto theft and hacking.
It also has a 24/7 customer support system that users can gain access to instantly on the site as well as on the Kraken app. The support team is always ready to help with your queries relating to this platform.
KuCoin was started with the aim of offering accessible transaction facilities to users. It was set up in 2017 and is headquartered in Seychelles. Currently, it stands among the top 10 exchange platforms based on the trading volume.
KuCoin supports 600+ altcoins allowing users from over 200 nations to exchange and trade. It has customized apps for Android and iOS devices. The exchange platform is accessible in 19 languages.
For any queries regarding this platform, the KuCoin customer support team is available 24/7. It also has taken the lead in being one of the most crypto exchanges globally.