The 5 Best Cryptocurrency Exchanges in 2021

Top 5 cryptocurrency exchanges

On October 31, 2018, Bitcoin celebrated its 10th birthday. It has been 10 years since the virtual currency has become part of the financial market and our daily lives. Currently, the market is worth 260 billion USD, and more than 2,000 cryptocurrencies have been issued. Advances in blockchain technology are changing the way we send money, store records, manage assets, and protect information around the world. Many start-up companies are developing and launching various products and tokens to solve fundamental social problems.

Due to this overall atmosphere, cryptocurrency is emerging as a good investment asset. Recently, many countries have established cryptocurrency-related regulatory and supervisory bodies, which will naturally lead to safer and more accessible cryptocurrency transactions. Now, I would like to introduce you to the top 5 cryptocurrency exchanges that are receiving the most attention in the world in any order.

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1. Cex Io

As one of its excellent features, Cex Io provide an API solution for automatic trading. The exchange offers free conversion between Fiat and cryptocurrency. The website is operated safely and allows you to store cryptocurrency in a cold wallet. However, the identity verification process is cumbersome and the exchange fee varies greatly depending on the payment method.

Go to CEX IO Official Website

2. IronX

The upcoming IronX Exchange is an exchange established as a joint venture by the IronFX Group, which is linked with top financial institutions, and the EmulgoHK Group that created Cardano, providing a world-class online trading platform that has won multiple awards. IronX will be the first fully licensed cryptocurrency exchange offering 24/7 customer support in over 30 languages. The main goal is to link with the latest blockchain technology by adding flexibility to existing trading platforms that are already conveniently provided. Liquidity will be naturally secured by allowing exchange customers to move freely to the IronFX online trading platform. In addition, the IronFX Group’s wide range of trading products, world-class banking and payment methods, a wide range of licenses, over 1.2 million retail online trading customers and experienced operating experience will make the IronX Exchange the premier exchange.

The IronX exchange will be regulated by the Estonian Financial Supervisory Authority and will provide free deposit and withdrawal functionality via both Fiat and cryptocurrency. It is also currently under license acquisition in Gibraltar and Malta.

Go to IronFX Official Website

3. Coinbase

Coinbase, located in the United States, is one of the most reliable exchanges in the world. The liquidity is secured as it is used by millions of people around the world based on strong investors. However, the KYC process tends to take some time and investors can get tired of waiting. The function of purchasing and holding coins on the exchange is provided for user convenience, and electronic wallets are provided on iOS and Android devices, and coin base also provides insurance. However, there is an opinion that the cryptocurrency that can be traded is limited to Bitcoin, Ethereum, and Litecoin, and there is an opinion that there is an insufficient payment method, and customer support service is provided only in a few countries.

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4. Bitbuy

Founded in 2013, the Canadian exchange is known for its fast registration process and excellent customer support service. Not only are deposits and withdrawals processed quickly, but both first-time traders and those with trading experience can receive appropriate assistance. However, the exchange only offers BTC, LTC, ETH, and BCH as tradable products. The fee is cheap, but only available to Canadian citizens.

5. Kraken

Kraken is the largest Bitcoin exchange in terms of EUR liquidity and volume. Kraken provides service all over the world, have low fees, and provide the best customer support services. You can trade bitcoins in USD, EUR, GBP, JPY. Not only that, it also offers coins such as ETH, LTC, Zcash, Monero, Ripple, Dogecoin, etc. However, payment methods are limited and the use of the website is not smooth.

How to choose a cryptocurrency exchange?

In June 2018, Forbes announced that there are more than 1600 types of cryptocurrencies around the world, and more than 200 cryptocurrency exchanges are sprung up. Six months later, the numbers are increasing. Digital assets are undoubtedly catching the attention of investors around the world, even though they are in the beginning stages.

In a previous section, we have already shared the list of the top 5 exchanges by security and liquidity ratio.

However, it is true that all exchanges are not the same and differ in terms of platforms, security protocols, or the number of listed coins for trading. So how do you choose an exchange? From now on, we will share the important considerations when choosing a cryptocurrency exchange.

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1. Authentication and security

It is of utmost importance to select a safe and legitimate exchange after being thoroughly researched and verified before making a choice. Exchanges play an essential role in avoiding pump and dump scams. Coincheck’s recent hacking incident is also a reminder of the importance of exchange security protocols.

2. Does the regulatory body matter?

With regulators moving to enact various regulations on cryptocurrency, it is important to make sure that regulators have blacklisted the exchange. For exchanges that are compliant and compliant, you will be able to accept the changes and provide a higher level of security to your assets. In the case of IronX Exchange, it acquired a license from the Estonian financial authority in September 2018, and is taking the form of an exchange operated under official personnel.

3. How to purchase

The cryptocurrency purchase process differs from exchange to exchange. In some cases, this is possible through PayPal, bank transfer, card payment, and some exchanges accept cryptocurrency payments. Especially for first-timers, it is essential to choose an exchange that offers both fiat and cryptocurrency payment methods.

4. Support token

Most cryptocurrency exchanges accept Bitcoin and Ethereum. However, this is not possible for a small fraction of all cryptocurrencies. It is important to consider whether the exchange you want to use supports a variety of digital currencies and provides more options for trading.

5. Fee structure

Each exchange has a different transaction fee and has its own fee structure. Cryptocurrency exchanges should disclose all fees transparently and should not embarrass investors by charging hidden fees. Some exchanges may offer additional benefits when trading certain tokens.

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Licensed and Regulated Crypto Broker – IronX

With a number of award-winning global online trading platforms, IronFX Group has partnered with EmurgoHK, the creator of Cardano, to make cryptocurrency trading easier for beginners to professionals alike to establish the IronX Exchange. The upcoming exchange has already been licensed by the Estonian Financial Intelligence Agency and is preparing for Gibraltar and Malta licenses.

IronX offers both Fiat and cryptocurrency wallet payment options and will provide customer support 24 hours a day, 7 days a week in over 30 languages. IronX aims to provide better services by combining the latest blockchain technology in addition to the flexibility and convenience built into the existing platform.

IronX exchange offers both Fiat and cryptocurrency wallet payment methods, and IRX smart contracts have been audited by blockchain security Hosho and Hacken. IronX will provide various benefits to the IRX token and will keep you updated with the latest updates via IRX token holder guide.

Go to IronFX Official Website

5 Tips of Cryptocurrency Investment

Given that more than 2000 digital currencies are being traded on more than 500 exchanges, it is no exaggeration to say that people’s interest is gathering in cryptocurrencies. A cryptocurrency market like this is a market that moves very differently from all other financial markets. If you are interested in digital asset trading, you should keep in mind that traditional factors such as geopolitical events and economic indicators that have had a significant impact on existing transactions do not have a significant impact on cryptocurrency trading. Cryptocurrency market news, lack of expertise, technological advances, security issues, bankruptcy, large transactions, and rumors are the main factors influencing this market. Therefore, it is necessary to understand the cryptocurrency market before starting cryptocurrency trading.

See a List of Cryptocurrency Exchanges/Brokers

1. Understanding the cryptocurrency market

There is a variety of information on cryptocurrency and blockchain technology on the Internet. It is necessary to analyze and understand as much material as possible. Learn basic concepts such as “Pump and Dump” and HODL. Various podcasts and internet videos can help you better understand the market.

2. Cryptocurrency news and follow experts

Follow celebrities in the cryptocurrency community on Twitter or podcast channels. You should always keep an eye on news and events in the cryptocurrency market. Positive news about cryptocurrency leads to increased demand for cryptocurrency, while negative news can increase fear, uncertainty, and doubt.

3. Analysis of various aspects of the coin

Before choosing a coin to invest in, you must have the following answers:

• What technology foundation is it built on and what is the potential for future development?
• What is the main market of the coin? (E.g. IoT, payment solution, cloud storage, etc.)
• What is the coin adoption rate and what is the difference from other coins?
• What are the opinions of cryptocurrency experts and influencers on the coin?
• You should avoid trading (FOMO) in an atmosphere of anxiety or fear that you might be missing out on a good opportunity.

4. Risk management

You must manage your risk by considering your own risk appetite. We recommend that you diversify and invest in the cryptocurrency market. When trading cryptocurrency CFD products, you should minimize possible losses by using a stop loss or profit realization function. Before setting up stop loss and profit loss, you should consider all the factors that can affect the price. Set up risk management standards prior to order entry.

5. Choosing a good cryptocurrency exchange

Cryptocurrency exchanges provide a platform for buying and selling cryptocurrencies. As there are many exchanges today, choosing a good exchange is paramount.

The IronX Exchange is an exchange optimized for cryptocurrency trading. This exchange was created as a joint venture between IronFX Group, a global futures company that provides a variety of products, and EmurgoHK Group, who invented the Cardano blockchain. IronX has already been licensed and licensed by the Estonian Financial Intelligence Agency and is in the process of acquiring Gibraltar and Malta licenses. The exchange will provide both existing Fiat and cryptocurrency deposit and withdrawal functions and will provide customer support services 24 hours a day, 7 days a week in over 30 languages.

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Why invest with IronX?

IronX aims to provide better services by combining the latest blockchain technology in addition to the flexibility and convenience built into the existing platform. EmurgoHK Group will provide liquidity by listing the highly successful ADA coins on the exchange. Through Alpha Point technology, IronX will process 1 million orders per second to meet global demand, providing continuous monitoring and instant alerting capabilities.

With best-in-class banking and payment systems verified through the IronFX Group with a wide range of licenses and many customers, IronX Exchanges will provide a service that differentiates them from other exchanges.

Go to IronFX Official Website