Best Cryptocurrency Exchanges of 2020
Choosing an exchange is not an easy task: there are a lot of factors to take into consideration. Whether the exchange can operate in your country, payment methods, fees, verification requirements, and of course the selection of coins available are just a few of the factors to consider when making your decision.
Our #1 pick for the best overall exchange for non-US residents would have to be Binance. Binance is a global exchange, and while recently founded in 2017, it quickly became one of the leading cryptocurrency exchanges around. Binance supports over 200 coins and offers a number of different financial services which is why we consider it a great place for beginners and seasoned traders alike.
Whether you’re looking for an advanced trading platform, a simple purchase of cryptocurrency with a credit card, or other cutting edge features like savings accounts, a crypto debit card, or futures trading, Binance has it all. The only place we saw room for improvement for Binance was with its customer support.
If you’re looking for an exchange that supports US residents then Coinbase is probably the best possible choice. Even though their customer support can be horrifying at times, Coinbase still supplies a simple process for buying all major cryptocurrencies, with FDIC account insurance and 0% fees on ACH deposits. Coinbase also operates Coinbase pro, an advanced trading platform, if you’re looking for more sophisticated trading capabilities. Finally, if you’re in need of the fastest option to buy a cryptocurrency and don’t have the time for long identity verification processes, then we think that Coinmama is the exchange for you. Coinmama is a veteran in the crypto community with over 2 million customers in over 188 countries.
It supplies a simple brokerage service that sells a variety of leading cryptocurrencies through the use of a credit card with a super quick verification process that only takes about 30 minutes. On the downside this process will cost you around 5% more than other exchanges, so we only recommend it if you’re looking to buy cryptocurrencies as quickly as possible. That’s our top 3 picks for the best cryptocurrency exchanges. For more information and detailed reviews about each exchange, check the links in the description below. If you've enjoyed this video, leave us a thumbs up and make sure to subscribe and click the notification bell so you don't miss a review, news update, or the clearest information about Bitcoin and cryptocurrencies anywhere.
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