Most popular 10 Bitcoin Exchanges in 2020 that you should know

Slowly and steadily, cryptocurrencies are getting more attention all over the world. In recent years, cryptocurrencies become more prominent among online traders. Many investors and traders invested their money in popular cryptos. Such as bitcoin, ethereum, litecoin, and other crypto coins. This made a massive demand for cryptocurrency exchange platforms. 

If you are new to this, then definitely you have a question on your mind: what is a cryptocurrency exchange?. It is just an online crypto-based website or a platform where you can buy, sell, and trade a wide variety of cryptocurrencies. Many people used top-notch bitcoin exchange software to build their own cryptocurrency trading platform. 

There is no doubt that day by day the cryptocurrency exchange platforms are increasing in the crypto industries. But there are some famous crypto exchanges in the crypto world. 

Top 10 Cryptocurrency Exchanges in 2020

Let us see the top 10 cryptocurrency exchange platforms in 2020.

  • Binance
  • Coinbase
  • Localbitcoins
  • Paxful
  • Bitstamp
  • Kraken
  • Poloniex
  • CoinMama
  • BitMEX
  • Bitfinex

Now let us have look at the top 10 cryptocurrency exchanges in 2020:

  1. Binance:

Binance is the topmost prominent cryptocurrency exchange across the globe. It is the world’s largest crypto trading platform based on volume trading. Binance was first found in 2017 and headquartered in China. Binance stands for binary+finance. In recent years, this crypto exchange has a monstrous growth by serving almost all countries across the world. At the beginning stage, they started with centralized cryptocurrency exchange to expand their business.

Binance

(Image source: binance)

Last year, binance launched a decentralized exchange that supports more than 140+ cryptocurrencies. They have their own crypto coin in the market and named it ‘binance coin’. If the traders use a binance coin for trading, then this exchange does not charge any trading fees. They have more than millions of active crypto users per month.

Headquarters: Malta

Founded in: 2017

Founders: Changpeng Zhao, Yi He 

Pros:

  • low trading fees compared to other exchanges.
  • Stable crypto trading Mobile Applications 
  • More than 80+ Altcoins are available for trading.

Cons:

  • It doesn’t support Fiat currencies for trading.
  • Sometimes Lack of Customer support.
  1. Coinbase:

Coinbase is one of the most popular cryptocurrency exchanges in the crypto industry. Here you can easily trade, buy, and sell cryptocurrencies in a secure manner. It was first launched in 2012 and headquartered in the United States. Currently, Coinbase is supported in more than 40+ countries all over the world. In this exchange, crypto users can trade more than 20+ crypto coins in a hassle-free manner.

Coinbase(Image source: coinbase)

They have their own crypto wallet for storing and receiving cryptocurrencies. In coinbase, You can instantly purchase popular cryptos using debit/credit cards, bank transfers, and other payment methods.

Headquarters: San Francisco, California, US.

Founded in: 2012

Founders: Brian Armstrong, Fred Ehrsam

Pros:

  • High Liquidity.
  • User-friendly and intuitive interface.
  • Instant transfer between users.
  • finest mobile wallet services.

Cons:

  • Funds Transfer can be delayed up to 5 days.
  • Accounts are usually monitored and one can’t stay anonymous. Because it is a centralized exchange.
  1. Localbitcoins:

Localbitcoins is the oldest and largest cryptocurrency exchange platform. This exchange provides a great set of features for their global users. This exchange was first founded in 2012 and headquartered in Helsinki. Localbitcoins exchange is supported in more than 190+ countries all over the globe. It is a peer to peer exchange platform so that users can buy and sell cryptos securely.

Localbitcoins(Image source: Localbitcoins)

It is the first exchange platform with the option of ads based exchange. So that users can post the ad for selling their cryptocurrencies with the fixed rate. Also, they include the payment option for buying the cryptocurrency. This exchange comes up with high-end security features such as two-factor authentication, IP address confirmation, and other features to eliminate scams and fraudulent activities.

Headquarters: Helsinki, Finland

Founded in: 2012

Founders: Jeremias kangas

CEO: Sebastian sonntag

Pros:

  • You can instantly purchase bitcoins and other altcoins
  • Supports many payment methods.
  • Competitive fee structure.

Cons:

  • Lack of customer support
  1. Paxful:

Paxful is the most popular and trusted peer to peer cryptocurrency exchange platform for trading bitcoin. First, they named Easybitz But later on, they changed the name as paxful. So paxful exchange was first launched in 2015. In this exchange, users can buy, sell, and exchange prominent crypto coins in a hassle-free manner.

Paxful(Image source: Paxful)

This exchange supports more than 300+ payment methods to buy bitcoin and other altcoins with fiat currencies. so paxful exchange allows their global users to buy altcoins at any payment method. paxful user interface is very intuitive compared to other crypto trading platforms. This exchange has top-grade security systems to avoid hacking and crypto scams. 

Headquarters: Newyork, United States

Founded in: 2015

Founders: Ray Youssef, Artur Schaback 

Pros:

  • Secure payment transaction.
  • User-friendly interface
  • Supports more than 300+ payment methods.
  • Simple and faster trading
  • 100% secured escrow system

Cons:

  • Sometimes User account verification will be slow.
  • Trading fees differ for each payment method.
  1. Bitstamp:

Bitstamp is the world’s longest-standing exchange website. It is a decentralized crypto trading platform. It was first launched in 2011 and headquartered in Slovenia. In 2013 they moved to the UK and later on moved to Luxembourg in 2016. 

bitstamp

(Image source: Bitstamp)

In the bitstamp exchange, users can buy, sell, and trade any digital assets. They can buy and sell all the popular cryptocurrencies that are available in the marketplace. They provide fast, secure, and simple transactions for their global crypto traders. Bitstamp supports some popular cryptocurrencies in their peer to peer trading platform. such as

  • Bitcoin
  • Bitcoin cash
  • Ethereum 
  • Litecoin
  • Ripple(XRP)
Headquarters: London, Luxembourg, Slovenia

Founded in: 2011

Founders: Nejc Kodric, Damijan Merlak

Pros:

  • Bitstamp charges only 0.25% as a service fee
  • Easy and simple for trading. Also, there are no withdrawal limits
  • Trading liquidity is high
  • 24*7 dedicated user support
  • This exchange provides multi-language support.

Cons:

  • Supports only EUROs and USD as fiat currencies.
  1. Kraken:

Kraken is one of the finest US-based cryptocurrency exchange platforms. It was first discovered in 2011 and headquartered in the United States. Here the users can trade crypto coins instantly in a hassle-free manner. It is a highly secured exchange platform with high-end security systems. This exchange provides excellent liquidity with an average trading volume of about 10-12 million of euros daily.

kraken

(Image source: Kraken)

Kraken is supported in some popular countries such as the European Union, Japan, Canada,  the United States, and other popular countries.

Headquarters: San Francisco, California, United States

Founded in: 2011

Founders: Jesse Powell

 Pros:

  • Fastest trading for users.
  • Low trading fees
  • Supports a wide range of crypto coins and fiat currencies.
  • Kraken allows bitcoin margin trading up to 5x leverage.

Cons:

  • The user account verification process is slow compared to other exchanges.
  • Lack of customer support.
  1. Poloniex:

Poloniex is one of the largest American based cryptocurrency trading platforms. This exchange was first launched in 2014. Being a popular crypto exchange, their services can be accessed from anywhere around the globe. This exchange supports a wide range of cryptocurrencies that is available in the crypto market. Here you can exchange, buy, and sell bitcoins and other altcoins instantly in a secure manner. 

poloniex

(Image source: Poloniex)

Implementing blockchain technology in this exchange, it can perform a vast amount of crypto transactions instantly.

Headquarters: Wilmington, US

Founded in: 2014

Founders: Tristan D’Agosta

Pros:

  • They provide good customer support. They are also well responsive even on social media platforms.
  • Poloniex supports more than 70+ digital assets.
  • Performs faster trading

Cons:

  • The private key management is centralized, so this platform has access to the user account.
  1. CoinMama:

Coinmama is the Israel based crypto trading platform and one of the popular exchanges across the world. This exchange is specialized in buying bitcoin by using fiat currencies. It allows users in almost many major countries to buy a wide variety of cryptocurrencies. They provide the finest customer support through email. In this exchange, some traders feel that trading fee is slightly high compared to other crypto exchanges.

Coinmama

(Image source: Coinmama)

Headquarters: European Union

Founded in: 2013

Founder: Nimrod Gruber

Pros:

  • Supports major types of payment methods such as credit/debit cards, bank transfers, and other payment methods.
  • Supports in most of the major countries.
  • Transaction is fast

Cons:

  • Trading fees are high compared to other crypto exchange platforms.
  1. BitMEX:

BitMEX is one of the high volume trading cryptocurrency exchange platforms. It stands for Bitcoin Mercantile Exchange. It has the finest intuitive interface so that it grabs more investors for this exchange to perform trading. This exchange accepts payments only through bitcoin.

Bitmex

(Image source: BitMEX)

BitMEX uses the multi-signature wallets and funds are stored in offline storage. Because offline storage is more secure than online storage. This exchange has some minimum requirements for trading bitcoins and other cryptocurrencies. 

Headquarters: Seychelles

Founded in: 2014

Founders: Arthur Hayes, Ben Delo, Samuel Reed

Pros:

  • High liquidity
  • high-end security wallet applications.
  • Manual processing for all withdrawals
  • User-friendly interface.
  • Advanced live chart and tools

Cons:

  • Not available in all major countries
  • No fiat currency withdrawals or deposits.
  1. Bitfinex:

Bitfinex is another largest popular cryptocurrency exchange platform. This exchange supports more than 15+ cryptocurrencies in its trading platform. Unlike Bittrex and Poloniex exchanges, this exchange allows their global crypto traders to trade using USD’s. 

Bitfiniex

(Image source: bitfinex)

Bitfinex charges a piece of trading fee for every deposit and withdrawal. This crypto exchange is one of the oldest traditional exchanges with tightened security features. such as 2-Factor authentication, advanced API encryption, email encryption, and other security systems.

Headquarters: hong kong

Founded in: 2012

Founders: Giancarlo Devasini, Raphael Nicolle

Pros:

  • Competitive fees
  • High liquidity exchange
  • Advanced trading features

Cons:

  • This exchange is not suitable for beginners or those who are unfamiliar with trading platforms.

Summing up:

These cryptocurrency exchange platforms will provide great benefits for the crypto traders. If you are a person looking to start a cryptocurrency trading platform similar to these exchanges. Then you can hire our first-quality error-free bitcoin exchange software to launch your own bitcoin exchange business within a few days at an affordable price. Coinsclone will provide you the finest bitcoin exchange software with advanced feature-packed modules according to your business needs.