More than half a billion people worldwide trade cryptocurrency online. Many believe that cryptocurrency will one day replace traditional currency, as it becomes more commonly accepted as a payment method by merchants.
The challenge for people is finding a trustworthy exchange to buy, sell, and trade their favorite cryptocurrencies. Some crypto exchanges have poor liquidity, high transaction fees, and slow processing times. People need confidence that their crypto exchanges will quickly execute their transactions without any issues regarding liquidity or market rate fluctuations.
Below are the top 5 fast and reliable crypto exchanges.
1) ChangeNOW
ChangeNOW is an advanced cryptocurrency exchange platform that has become a leader in Web3 finance since its founding in 2017. Whether you are a new or experienced crypto investor or trader, you can rely on ChangeNOW to manage your Web3 finances securely and efficiently. That is why millions of people worldwide have chosen ChangeNOW to buy, sell, exchange, stake, and store their precious cryptocurrency assets.
As a non-custodial crypto exchange, it does not store customer funds, ensuring users retain full control over their assets. ChangeNOW offers access to trading over 1,500 digital assets and 70 fiat currencies across more than 110 blockchain networks. Some of these assets include memetokens, GameFi coins, AI coins, DeFi tokens, L1 tokens, L2 tokens, and utility tokens. New coins and tokens are also being added every week to expand its services for customers continuously.
ChangeNOW offers both fixed and floating rate modes, allowing users to lock in rates or swap at market prices according to their preference.
The platform is highly efficient: 98% of swaps are completed at a better rate than estimated or with a deviation of less than 0.5%, most exchanges are completed within 2 minutes, and over 50% of users receive better returns than initially estimated.
There are no hidden fees or expenses when using the exchange. All costs associated with using the ChangeNOW platform are factored into the displayed rates. You won’t be charged anything for post-swaps either. Additionally, only 0.5% of all transactions are subject to KYC verification, which occurs only when the system detects potential suspicious activity. In most cases, there is no KYC verification requirement when conducting trades and swaps on the exchange.
ChangeNOW has partnered with trusted payment processors to enable users to purchase cryptocurrency using popular payment methods, including MasterCard, Visa, ACH, Apple Pay, and Google Pay. If you have any questions or complex issues to resolve, you can contact the ChangeNOW customer support team 24/7 for assistance.
For advanced users, ChangeNOW Pro provides enhanced benefits, including cashback on swaps, reduced fees, unlimited crypto loans, and personalized webpages for receiving crypto payments.
2) Binance
Binance is one of the world’s largest cryptocurrency exchanges. People love Binance for its deep liquidity, super low trading fees (starting at 0.1%), and advanced crypto charts. The platform trades an estimated daily volume of at least $13.6 billion, although some statistics indicate its 24-hour trading volume can reach as high as $200 billion on certain days. It holds about a 40% market share across all centralized crypto exchanges.
Binance enables users to trade over 500 cryptocurrencies and more than 1,500 trading pairs. Beginners are more suited for Binance because it offers a user-friendly interface to simplify the buying and selling of cryptocurrency assets. The industry-standard security features installed will ensure all crypto transactions are protected from unauthorized access. These security measures include data privacy controls and cold wallet storage (offline crypto storage).
3) Robinhood
Robinhood is another popular crypto exchange that has made headlines over the last five years. When it was founded in 2013, Robinhood was merely a stock trading app that didn’t charge any commissions or transaction fees. By 2018, thanks to the rising popularity of cryptocurrency trading, Robinhood expanded into the cryptocurrency sector to offer commission-free crypto trades on its platform.
Robinhood is one of the few crypto exchanges that charge zero fees for trades, making it quite popular among new investors with limited capital to spend. The user-friendly interface makes it fast and easy to execute trades on the platform, which supports more than 35 cryptocurrencies. The only real downside is the spread of the trades, which can significantly fluctuate the executed trade prices.
4) Coinbase
Coinbase is a highly recognizable crypto exchange and one of the first to become a publicly traded company. It is a well-regulated centralized exchange founded in 2012 and based in the United States. Individuals who are skeptical of crypto trading platforms may find greater comfort in Coinbase due to its adherence to stringent U.S. financial regulations and laws. That is why so many new crypto traders and investors start with Coinbase.
Around 100 million people now trade cryptocurrency on Coinbase. The platform supports over 250 cryptocurrencies, providing users with a wide range of trading options to choose from. You can choose to trade popular cryptocurrencies, such as Bitcoin or Ethereum, or meme coins like Dogecoin. The possibilities are virtually limitless.
The biggest drawback is the maker and taker fees, which start at 0.40% and 0.60%, respectively. You are better off using Coinbase if you plan to hold crypto assets for the long term rather than day trading. That way, the fees won’t add up so much.
5) Kraken
Kraken is one of the oldest crypto exchanges. It has been around since 2011, even before the more notable platforms of Coinbase and Robinhood. Experienced and institutional crypto traders appreciate Kraken’s focus on security and transparency.
Kraken is an internationally regulated and licensed platform. It supports the trading of over 400 cryptocurrencies. Its high-throughput, low-latency trading engine can process large daily trading volumes with significantly less downtime. Although Kraken is a centralized platform, it does offer a separate non-custodial wallet option called Kraken Wallet. Users can utilize this decentralized wallet to gain complete control over their private cryptocurrency keys.
Average investors can use the standard Kraken platform to buy and sell crypto assets, or sign up for the Kraken Pro variation if they are more advanced investors. Kraken Pro provides access to customizable charts, real-time order books, and technical analysis indicators.
Conclusion
You can literally find hundreds of different crypto exchanges online. However, only a handful of them offer the speed, security, and reliability that you would need to execute trustworthy trades. Some people may feel comfortable using name-brand crypto exchanges, but they tend to charge high fees.
ChangeNOW remains the best crypto exchange because it is fast, reliable, and has no hidden fees. In fact, you can earn cashback starting from 0.1% on each transaction, which can easily be withdrawn or reinvested into more cryptocurrency. And if you become a ChangeNOW Pro member, you will have access to unlimited crypto loans, providing greater financial investment flexibility for yourself.
