The Most Popular Crypto Exchanges

Cryptocurrency exchange is a platform for conducting transactions with digital currencies and receiving profit. Various trading strategies allow receiving income in the short term. Some of the main trading strategies and their essence and guides are described in the blog WhiteBIT. That is a blog of one of the most popular crypto exchanges WhiteBIT, where users can learn useful information on trading, promising crypto projects, and step-by-step guides on how to trade on the WhiteBIT platform. To have a practice in trading, it is better to use convenient exchanges with user-friendly interfaces and easy-to-handle tools. The most used crypto exchanges:

  • Binance
  • Huobi
  • WhiteBIT
  • Exmo
  • Kuna

All these exchanges belong to a centralized type, which means they store users’ assets on their servers and provide protection. Centralized exchanges are the best option for a beginner trader because they usually offer a convenient interface, educational sections, a high level of security, and correspond to AML (anti-money-laundering) and KYC (know-your-client) standards.

The most used crypto exchanges demonstrate significant daily trade volumes. The more people conduct transactions per day, the bigger the trading volume indicator, which means high credibility. Binance is the largest among all the most popular crypto exchanges.

Table of Contents

Binance

Probably every trader in the world has an account on this exchange. The daily trade volume is $13,7 billion (mid-April 2022). The platform’s interface is user-friendly, though it may be complicated for a beginner. Binance offers a complete set of trading tools and an educational section.

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WhiteBIT

It is one of the most popular crypto exchanges, with a daily trade volume of $667,7 million (mid-April 2022). WhiteBIT is a young platform, but it has already got over 2 million users worldwide. The platform allows buying cryptocurrency with fiat using bank cards. Users can take advantage of Smart-staking, which allows receiving passive income when keeping assets on the exchange. Margin trading, spot, and p2p are available.

Huobi

This is another popular exchange that targets a high level of users protection. The platform offers all existing tools for trading.

When choosing an exchange, users should consider their fee policy and the number of trading pairs available.

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