The cryptocurrency market is actively growing, there are more digital exchanges, and competition between them is getting tougher. Accordingly, searching for a suitable trading platform becomes more difficult for both traders and investors.
The dominant players in the field of cryptocurrency market have long been centralized exchanges (CEX). In fact, they still hold the leading position.
Such online services are created in the image and likeness of classic financial exchanges and work as intermediaries between sellers and buyers.
Among their strengths are a user-friendly interface, a large selection of purchasing and selling instruments, high liquidity, and the possibility of passive income.
However, many centralized services require users to undergo the KYC procedure, and this does not suit everyone.
An alternative to CEX is decentralized exchanges (DEX). KYC is not required to access the functionality of decentralized platforms.
However, this segment is still very young and is inferior to classic exchanges in many key indicators. For example, it is not possible to exchange BUSD to USDT on each of them.
Since market participants pursue different goals and use different marketing strategies, everyone has their own criteria for searching for an exchange. Not least in the list of characteristics of the trading platform is the number of financed coins.
Cryptocurrency Exchanges with the Largest Selection of Coins
Transactions with cryptocurrencies on CEKS are recognized as one of the simplest, most convenient, and safest ways to buy and sell crypto assets.
Gate.io
The centralized crypto exchange Gate.io has been operating since 2013. It is based in the Cayman Islands and is available to traders from the vast majority of countries in the world. The provider is among the leaders in terms of exchange volumes and ranks first in the number of supported coins.
More than 1,750 coins are available for purchase and sale in almost 3,000 trading pairs of the Crypto/Fiat and Crypto/Crypto types.
Gate.io supports spot and margin trading, futures, options, and derivatives. Traders can purchase and sell bots, join staking, and lend and borrow coins. The commission for margin and spot trading is 0.2%.
MEXC
MEXC is a relatively young exchange, founded in 2018. It is available to users from more than 200 countries. The platform supports more than 1600 coins in about 2100 marketing pairs.
MEXC’s functionality includes margin, spot, and futures trading, ETFs, and index products. The third-largest coin listing in the world is MEXC with 1437 cryptos. It’s licensed to operate in more than 200 countries.
All spot trades are temporarily exempt from commission. KYC on MEXC is not required and anonymous traders can use all functions of the service provider but with restrictions on transaction volumes.
DO YOU KNOW
Apart from being a leading trading platform in terms of listed cryptocurrencies, MEXC offers an all-in-one trading platform where you trade a variety of digital assets. This includes spot, margin, leveraged ETF, and futures trading services.
KuCoin
KuCoin was founded in 2017. Its headquarters are located in the Seychelles. The platform serves users from more than 200 countries. More than 700 cryptocurrencies are available for exchange. It is possible to purchase it from credit and debit cards.
KuCoin supports spot, margin, and futures marketing, staking, crypto lending, and other methods of passive income available to traders. Since July 2023, user verification has become mandatory; it is impossible to replenish a deposit and trade without KYS.
The pros of KuCoin are low fees with variety of earning options and quick customer support. However, it is not licensed in the U.S. with low trading volumes. Also, beginners may find it much more complex to trade on this platform.
The surge in certain crypto exchanges has risen exponentially in 2023 which indicates the growing interest of users in trading online and investing in cryptos.
HTX (Huobi Global)
HTX was founded in China in 2013 and is now available in more than 100 countries. The ecosystem offers spot, futures, margin trading, derivatives, staking, mining pools, and crypto loans. The online service supports just over 600 cryptocurrencies.
Verification to access the trade terminal is not required, but verified traders have more opportunities. The base fee of Huobi is 0.2% but for those who are Huobi Token holders, it offers a discount based on the value of the holding.
In such cases, the fee rate after the discount may be reduced between 0.18% to as low as 0.07% but only for 5000 HT holdings.
LetsExchange
http://letsexchange.io – a fast cryptocurrency exchange service that supports more than 3,000 coins and tokens, as well as crypto-fiat transactions. The provider has a very simple interface, transactions are completed in a few clicks.
Account registration and KYC are not required to access the service; there are no limits or geographical restrictions. The service does not provide coin storage services, so you need an offline crypto wallet to work with it.
