This article is a compiled list of the best Bitcoin exchanges to buy Bitcoin and all altcoins based on my investment experience, updated with the latest documentation for 2023. Especially when participating in the Bitcoin market and the cryptocurrency market in general, it is not easy to choose a Bitcoin exchange that suits your investment costs when there are hundreds of cryptocurrency exchanges on the market today.
If you have read the Beginner’s Guide to Bitcoin, I am sure you have also chosen the right Bitcoin exchange for you.
Most of the time, newbies to the market choose the Binance exchange as it is the largest and most popular exchange in the world. But in addition to this floor, there are other exchanges with smaller trading volumes, but sometimes there are some currencies that Binance does not have for us to choose to invest in.
Therefore, in this article, I will list the best Bitcoin exchanges based on my personal opinion that you can refer to.
1.Binance: Of course, this is the largest cryptocurrency exchange in the world today, especially Bitcoin. Binance offers a variety of trading platforms such as mobile apps, desktop software, and website platforms. If you only have to choose one exchange, this is the best choice and number one for 2023. binance offers the largest number of cryptocurrencies, over 10000 coins, full basic trading functionality version and enhanced version. Lots of cool features including margin trading, lending, Launchpad, exchange tokens (BNB), and more. .
2.ByBit: Bybit is different from many other cryptocurrency exchanges because it is a derivatives exchange (leverage or margin). Experienced traders often use the Bybit exchange to trade other currencies that are not supported by Binance. Derivatives such as leverage offer potentially profitable trades, but be careful as high leverage also carries much higher risks.
3. OKX: Formerly known as the OKEX exchange, it was recently renamed OKX in order to expand the development of the crypto world. The trading volume is large (currently ranked second after Binance) and the strategy is good. OKX Exchange is worthy of being a strong competitor of Binance in the future.
4.Huobi: A fairly trustworthy exchange that lists many top projects. In addition, there is an exchange currency called Huobi Token that encourages users to trade.
5. KuCoin: One of the most powerful exchanges that also offers mobile apps (Android and iOS). The exchange is constantly updating my mobile app, making it one of the top names in the cryptocurrency exchange space.
6.Bittrex: A quality exchange that has been around for quite some time, and although it has more or less faded recently, it is still one of the major exchanges.
7.Poloniex: is an ancient exchange. However, it has not developed much over the years, so it has gradually been left behind by emerging exchanges. If you only need to use basic features such as trading and leverage, you can still choose Poloniex for trading.
8.Bitmex: Very popular exchange with huge trading volume. Specifically used for margin trading (margin).
9.CoinBase: A regulated exchange located in California, USA.
Top Best Bitcoin Exchange
Some Insights on the Best Bitcoin Exchanges of 2023
1. Binance – Best Bitcoin Exchange
Binance is a rapidly growing exchange that closed its fundraising on July 21, 2017 and raised $15,000,000. The company is registered in Malta, a crypto haven with very strict pro-crypto regulations. Currently, Binance has become a global company with operations in many countries around the world and headquarters in many different countries.
Since raising funds, Binance has grown rapidly and is now the number one leading cryptocurrency exchange in the world. There are currently more than 10,000 currencies listed on the exchange, and Binance is adding more and more trading pairs to meet investors’ trading needs.
Binance is a centralized exchange that has a unique approach to scaling its business and also offers a unique way to lower trading fees for investors holding BNB. BNB is Binance Coin, which is the utility currency (also known as floor currency) of this platform.
Binance has a global exchange for everyone with maximum liquidity. Users in the United States can register on binance.us, and users in Singapore can register on Binance Singapore.
Binance’s fee structure is also very unique. First, the exchange will charge a standard trading fee of 0.1%, which is already much less than other peers. If you pay trading fees in BNB according to the structure shown below, you can further reduce your fees.
Binance is one of the few exchanges that offers mobile apps for iOS and Android. To get started with Binance, you need to sign up using your phone number and email address, which is a quick and easy process.
Having used Binance for a long time, I have found it to be a very convenient cryptocurrency exchange. Alternatively, you can watch this list of videos to learn how to use the Binance exchange.
Binance exchange supports multiple languages, mobile apps for iOS and Android users, Launchpad, Launchpool, lending programs, and more. .
2. ByBit
Bybit is a cryptocurrency exchange specifically for experienced Bitcoin players, as it is a derivatives exchange that primarily handles margin and leverage.
Although Binance exchange also has similar leverage and derivatives, if Binance does not support some other small-cap currencies, Bybit will generally have that currency for you to trade, so Bybit is the second choice. 2 for you.
If you want to make big money or you are a margin trader, ByBit is your choice because the trading fees on ByBit exchange are very cheap.
On Bybit, the Maker fee for each order placed is -0.025%, and the Taker fee is 0.075%. If the Maker fee is negative, the "maker" party will receive a transaction fee. To give you an example, let’s say you are a Maker and when you invest $1,000 in cryptocurrency, you only pay $997.50.
In addition, ByBit has many other very attractive features, which you can slowly discover during use. ByBit has a feature very similar to Binance, which is ByBit Launchpad, which can bring very high returns to investors.
3. EIGHT
OKX is an exchange renamed from OKEX exchange. Since the name change and development strategy change, the exchange’s number of customers and trading volume have increased significantly, making it a strong competitor for Binance in the future.
OKX is currently the second largest cryptocurrency exchange in the world after Binance and has received a lot of attention from the community recently as it is one of the few exchanges (currently including Binance, OKX, Huobi, ByBit, Kucoin, Crypto. com) provides proof of reserves.
Proof of Reserves, or PoR, is a verifiable auditing process that increases the transparency of reserves on centralized cryptocurrency exchanges. PoR uses cryptographic proofs, public wallet address ownership checks, and periodic third-party inspections to confirm the centralized platform’s reserves. Therefore, those exchanges that have PoR audits are reputable and transparent exchanges.
It helps customers understand the financial status of the platform and whether there are sufficient funds to match customers' deposits. Users can also check their account balance through password
Financial products on OKX include:
basic trading
Margin trading
Dual Investment, Staking, Savings, Defi, Lending and other income functions.
4. Huobi
Huobi is an international cryptocurrency exchange that originated in China but now has a global presence, serving the largest number of investors. Headquartered in Singapore, Huobi has been successfully operating in the crypto space for the past 7 years.
It is known that Huobi occupies a position in the top 10 of major exchanges according to CoinMarketCap trading volume and currently houses over 300 cryptocurrency pairs. So, without further ado, you will know that you will never face liquidity issues on this exchange.
Huobi also offers mobile apps for Android and iOS for users who want to trade cryptocurrencies. Huobi’s registration process is also simple and easy to understand, and transaction fees are low.
5. Kucoin
KuCoin is an easy-to-use electronic trading platform with attractive trading fees. KuCoin offers many popular and unique coins such as DragonChain, exchange coin KCS, and many other cryptocurrencies. Like Binance, Kucoin offers full-featured mobile apps for Android and iOS.
One thing about the Kucoin exchange is that it is a pretty good choice if you want to find hidden gems (potential new coins) because the Kucoin team spends a lot of time researching the project. New and selected, potential coins are listed on them. Exchanges attract investors seeking profits.
New coins often have a good price increase after being listed on the Kucoin exchange for a period of time, bringing benefits to many investors. However, please also note that the currencies listed on KuCoin Exchange are not 100% profitable, and there are also risks. Please invest with principles.
To start using KuCoin, you only need to register an account and deposit coins or purchase coins to deposit on the exchange and start trading. I personally have been using KuCoin for the past few years and have found that they are constantly adding new features.
6.Bittrex
Bittrex is a US-based cryptocurrency exchange that gives you the option to trade over 190 cryptocurrencies at once. Bittrex is well regulated and complies with all applicable US rules, so cryptocurrency users don’t need to worry about the safety of their funds.
Bittrex handles one of the largest BTC trading volumes of any exchange in the world.
Here, users (buyers/sellers) decide the price at which they want to trade, and Bittrex charges them a small service fee to provide the platform (0.25%).
To start using Bittrex, you need to register and log in through an email account, but to withdraw funds, you will need to perform KYC by submitting documents with an identifiable ID and phone number and granting permissions. Withdrawal limits. But one good thing about Bittrex is that account verification is very fast.
Bittrex supports two types of accounts:
Basic Account – Withdrawal value up to 3 BTC/day.
Premium Account – Withdrawal value up to 100 BTC/day.
Bittrex is a cryptocurrency-only exchange, which means it does not allow you to deposit fiat currencies such as USD, EUR, GBP, etc. Bittrex offers advanced trading tools like candlestick and doji charts, and the user interface is very simple and intuitive, so newbies won’t have any issues.
7. Poloniex
Founded by Tristan D'Agosta and operating since January 2014, Poloniex is undoubtedly one of the largest cryptocurrency exchanges in the world. Poloniex was born in the United States and offers over 100 cryptocurrencies for users to trade.
When you talk about trading volume, few exchanges top Poloniex. In 2017, Poloniex had the highest ETH trading volume as it supports separate Ethereum markets and BTC markets. This is a cryptocurrency-only exchange, but you can easily start trading by depositing USDT.
Poloniex also features 5-minute, 15-minute, 30-minute, 2-hour, 4-hour, and 1-day scalable candlestick charts, as well as stop-loss functionality for advanced cryptocurrency traders. Poloniex charges a fee of 0.15% to 0.25% on all trades, depending on whether you are a producer or a taker.
8. BitMex
BitMex is a high-volume crypto exchange created for the crypto community by a group of talented economists, traders, and web developers. Here you will never find any issues regarding your cryptocurrency liquidity.
The main currency traded on the exchange is Bitcoin and its futures contracts. In addition to Bitcoin contracts, you can also trade with futures contracts for altcoins such as Bitcoin Cash, Ethereum, Cardano, Litecoin, Ripple, and more.
9.Coinbase
Coinbase is a U.S.-based cryptocurrency exchange that serves customers worldwide.
With CoinBase, you can quickly buy cryptocurrencies and trade them at the same time. Coinbase has mobile apps for iOS and Android that make it easy to exchange cryptocurrencies on the go.
CoinBase’s security standards are very high and have been for many years. CoinBase support for most continents (Africa, Asia, Australia, Europe, North America, South America)
Coinbase also supports popular stablecoins like DAI, USDC, which is an important aspect of any popular cryptocurrency exchange.
Things to note about the best Bitcoin exchanges
When using an exchange from this top Bitcoin exchange, you need to pay attention to the security and sponsorship of the exchange. More specifically, you need to pay attention to exchanges that have proof of reserves to ensure that your assets are safe on the exchange.
If you store large amounts of crypto assets on these exchanges for trading purposes for hours or even days, then it's probably fine. But if you plan to store on a monthly or annual basis for the long term, you should use a reputable exchange.
Large-scale hacker attacks like Mt.Gox and FTX may happen at any time. Hieu strongly recommends that you use exchanges with high security to avoid any losses.
I currently use the Binance exchange to store some of their assets because of its high security and the exchange also has a separate fund, SAFU, worth billions of dollars to compensate investors in the event of an incident.
in conclusion
This article is for reference only and is not investment advice. Hope you found this information useful and beneficial. I wish you all good luck and success in 2023!
