Trade.io - The top five cryptocurrency exchanges

king-oghie (68)in #cryptocurrency • 5 years ago (edited)

The emergence of cryptocurrencies has also propelled the creation of numerous exchanges. In fact, there are more than 200 cryptocurrency exchange platform with active and consistent traders. All the same, as a crypto trader, we pay less attention to the "new", or "old" ones, all we care and crave for are the "best ones".

Apparently, these trading activities wouldn't have been possible if the internet wasn't there. The best and most crucial place to market our services and products is none other than the internet. The internet plays a crucial role in the crypto space.

Before listing the top five best cryptocurrencies, let us glance through on the definition of cryptocurrency exchange:

What are cryptocurrency exchanges

According to wikipedia, a cryptocurrency exchange could be seen as a digital currency exchange (DCE) or a financial market that fosters the trading of cryptocurrencies (Bitcoin, Litecoin and other coins) or digital assets ( virtual properties, intellectual belongings, data and digital currencies) as well as conventional fiat currency. Typically, most cryptocurrency exchange markets make their money from the fees and transactions their users pay when carrying out a trade.

To be more specific and prompt, cryptocurrencies are online platforms that foster the exchange of one cryptocurrency for another. Categorically, there are four standards of cryptocurrency exchange platform, they include:

Without further ado, here are the top five cryptocurrency exchange platform:

Binance

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Binance was based in China, but the company moved out of China since the Chinese government banned cryptocurrency in 2017. The company then relocated to Japan. Changpeng Zhao, the founder and CEO of Binance got listed on the blockchain.info as the third member in the crypto space universally. At the time of writing, Binance has room for spot trading, Fiat and digital assets. source

Earlier this year, January to be precise. Binance became the largest crypto-exchange platform with its native token (BNB) market capitalization of over $1.3billion.

In an alike manner, Binance boasts of high safety, transparency, scalability as well as multi-clustered high delivering resulting to carry out over 1.4 million orders in a split of a second. Unlike other cryptocurrency exchanges, Binance has room for over 45 coins as well as approved coins like Bitcoin, Ethereum, Litecoin and its native token BNB, every day new coins are listed on Binance exchange.

At the time of writing, Binance has only the option for - limit, market and stop limit orders. Binance charge ZERO fees for the funding or deposits of cryptocurrencies. Nevertheless, withdrawals come with a transaction fee which ultimately varies depending on the cryptocurrency. source

KuCoin

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Unlike other cryptocurrency exchanges, KuCoin has been tagged as a newcomer but has gained reputable scores as a reason for its unwearied performance. KuCoin is headquartered in Hong Kong. Michael Gan, being the CEO and founder of Kucoin tagged KuCoin as 'The people's exchange" this is because of the qualities KuCoin possess.

KuCoin boasts to be one of the world's most alluring trading pair selections, with an estimated number of 300 trading pairs (at the time of writing).

Additionally, KuCoin has its own native currency known as 'KuCoin Shares (KCS). Users are entitled to receive a decent bonus every day simply by holding the KuCoin shares. That's not all, holders will be charged less when trading and withdrawing.

Michael Gan added that the prime goal and objective for KuCoin is to be one of the top 10 cryptocurrency exchanges before the end of 2019. He plans on adding new features that'll ultimately allure new clients, as well as other beneficial lineaments.

During my time at university, I also became very interested in Bitcoin mining and blockchain technology. That is when my focus shifted to the crypto-world. While I continued with the university and my entrepreneurial goals, I was becoming more and more focused on blockchain technology, which eventually led to creating KuCoin. source

Bittrex

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Bittrex boasts to be one of the largest cryptocurrency exchanges, what elevates bittrex to emerge number 3 on the list is as a result of its high volume trading. Bittrex has been in existence for over 4 years and has encountered 24-hour ceaseless trading volumes resulting in an estimated number of $300M. The high volume trading Bittrex operates has undoubtedly placed a good reputation on the platform since inception. To crown it all, bittrex is one of the cryptocurrency exchanges that hackers and fraudsters find it difficult to carry out their fraudulent activities. With all these qualities, bittrex is definitely worthy to be the next-generation trading platform. source

However, Bittrex was founded by the CEO and Co-founder Bill Shihara, Bill has worked as a security engineer in leading companies such as Amazon, Blackberry etc.

Bittrex comprises a stellar team that combines over 50 years of security and development experience from companies including Microsoft, Amazon, Qualys, and BlackBerry. source

In summary, Bittrex has undoubtedly proven to be the next-generation trading platform on the blockchain. What makes the platform to be one step ahead of the pack are as follows:

A custom built training engine
A secure and reliable trading platform
Swift withdrawals and deposits
Accessibility
Scalability
Transparency
Transparent fees etc.

Trade.io

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Trade.io is an innovative cryptocurrency exchange platform that practices the ZERO trading policy. The platform aims at obstructing the centralized financial institution by implementing a ZERO fee charge for every trade a client makes. Trade.io is the only platform that takes 0 fees from the exchanges I have outlined.

Since the platform takes nothing from its users when making a trade, it uses a peer-to-peer policy that'll eventually foster the trading of wide range of assets and cryptocurrencies.

Another crucial part about trade.io is their liquidity pool protocol. Interested users can invest 2,500 TIOs (the platform's native token) into their liquidity pool and get paid every day from the incentives it generates from the pool. Vist this link for more details on their liquidity pool. source

Below are some of the features trade.io offers:

Diversity
Zero trading
Transparency
Customizable widgets
Flexibility etc.

Huobi Pro

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In my opinion, cryptocurrency is a lucrative business. Its full of lifetime opportunities just as Huobi Pro amassed millions in just one year.

Having said that lets quickly review what Huboi Pro entails.

Huobi is a leading global digital asset exchange that trades over 100 digital assets at the time of writing. Since the advent of this platform, they've experienced a bumpy ride after the strict implementations from the Chinese government. For this reason, the platform is now headquartered at Singapore, where it is legalized by the government.

You can buy and sell more than 190 cryptocurrency pairs across multiple platforms and devices on Huobi. source

Having said that, Huobi has been in existence since 2013, ever since then the team has been working tirelessly so as to emerge the top ten in the crypto space. They have branches across different designated countries like Singapore, United States, Korea, Japan and lastly Hong Kong. source

Below are some of the benefits Huboi offers: