The cryptocurrency world is attracting new players every day, with hundreds of people seeking information and also trading in cryptocurrencies. Since cryptocurrencies are digital currencies, they require online platforms where trading takes place.
2018 has seen the establishment of several cryptocurrency exchanges, each with distinguishing features. While traders are free to choose from older exchanges, new exchanges also provide excellent services worth considering. Each exchange varies from the other, with several lucrative competitive features.
Top 5 Cryptocurrency Exchanges of 2018.
According to CoinMarketCap, BitForex ranked 57th, after gaining a $7,674,807,770 as its 24-hour volume. Since its launch in June 2018, BitForex operates 84 pairs and primarily targets the Chinese Market. It is worth noting that makers are not charged while takers pay a small fee of 0.10%. The fee falls within the industry standards of 0.20% to 0.25%.
Users enjoy two-factor authentication and IP detection during login in. The platform also supports altcoin trading. With BitForex you can trade BTC, ETC, BCH, ETH, LTC, AION, and CMCT, all which can be traded against the USDT.
Liquid has enjoyed a successful year after being ranked 61st by CoinMarketCap. The platform runs over 150 trading pairs including altcoins and has fiat trading pairs for major coins. The fees vary according to the traded pairs. For example, crypto/fiat pairs attract zero fees, while crypto/crypto pairs that were previously on Qryptos have a 0.15% execution value for takers and 0.075% for makers. Liquid does not charge any fees for margin trading, crypto deposits, and fiat deposits.
This exchange was launched at the beginning of 2018 and is ranked 55th with a 24-hour volume of $15,752,217. Coinbe is mainly a Polish exchange and transacts crypto to crypto trades. The company allows users to trade altcoins with the most popular being Ethereum, Ripple, NEM, Monero, EOS, Dash, and Bitcoin Cash. According to Coinbe, all the funds are stored in cold wallets, that are safer than others.
Fee wise, Coinbe tends to be costlier with a fee of 0.3% per trade. Also, the exchange does not support leveraged trading, which means that traders are restricted to operations on web-based platforms.
Hotbit was launched in January 2018 and trades 132 pairs. It held the 74th position on CoinMarketCap with a volume of 8,066,798. The exchange offers crypto-to-crypto trading services. Users can trade popular coins such as Bitcoin, Ethereum, Icon, TRON, and EOS.
The exchange has competitive trading fees and not only operates on web-based platforms but also mobile apps. Hotbit charges 0.25% fees and users enjoy zero charges on deposits. Unfortunately, the platform does not support fiat currencies, which makes it unsuitable for beginners.
This is a Singapore-based exchange that operates primarily in the Chinese market. Digi-Finex has 18 active markets and holds the 16th position on CoinMarketCap with a 24-hour trading volume of $94,113,508. Users enjoy CNY to USDT transfers and trading with several coins such as BTC, ETH, QUTU, LTC, against BTC, ETH, and USDT. Unfortunately, the company is unknown and does not accept traders from Singapore and the U.S. Also, both takers and makers pay the same transaction fee of 0.20%.
Beaxy isn't just another cryptocurrency exchange. Sure, it may be hard to move you away from Binance or Bitfinex or any number of already-established and trusted crypto trading platforms, so what makes Beaxy any different? Well you all know exchanges in the ecosystem are pivotal players and could essentially be regarded as the lifeblood of the bitcoin markets. While some reviews say they have great tools, order types, and support on top of a lucrative referral program and the ability to stake $BXY tokens on exchange for rewards and reduced trading fees. They also have a OneTick partnership who services the likes of NYSE and Bloomberg.
Here is another good video review of the new Beaxy Crypto Exchange set to open up soon.
This concludes our top 6 new cryptocurrency trading exchange platforms of 2018. Please let us know your thoughts, concerns or suggestions regarding any that we missed or left out or quite frankly, shouldn't be here.