Blockchain technology has revolutionized the financial industry, and currency trading in particular. Though cryptocurrency exchanges share basic characteristics and requirements with traditional stock exchanges, the offer an entirely different level of transparency and decentralization to their users.
The volume of cryptocurrency trading has significantly grown since the beginning of the year. There are now more than 1000 cryptocurrencies with total capitalization of over $100 billions and the number of currency exchanges and traded pairs is rising. Bitcoin, for example, has already reached $50 billion in market cap and a daily trading volume of over $1 billion.
More importantly, crypto exchanges enable anyone to participate in the peer-to-peer trading, providing opportunities for all-scale traders and investors.
In any case, professional trading requires an access to trading tools and all variety of available features. Services provided by exchanges must be transparent and available for reviewing.
So what to look for when choosing a crypto exchange? There are currently dozens of platforms to choose from, but they can be very different in terms of terms, fees and customer experience.
User reviews are one of the key criteria for our Crypto Exchange rating. Other include reputation of exchange and geographical restriction as well as several points we apply to recognize the best exchange in this nominee: user-friendliness, security, transaction and deposit fees, payment methods, verification requirements, exchange rate, customer support, and intuitive user interface.
We believe that today as never before, we can use these available tools of accessibility and transparency to identify which one is the best crypto exchange, and which one we should stay away from. But it's impossible if we have no commitment. So, vote for the best crypto currency exchange and your vote will help to shape a mature and reliable currency market!