November 25, 2019

Rating of cryptocurrency exchanges 2020

In our review, we indicated the rating of cryptocurrency exchanges 2020, which describes in detail the countries in which each exchange is supported, payment methods accepted, fees, privacy, limits, liquidity, reputation, speed (bitcoin delivery), customer support and all other problems.

Binaryx

Binaryx is a new cryptocurrency exchange and a revolutionary approach to social cryptocurrency trading. All Binaryx users and traders can trade, buy and sell bitcoins, Ethereum, XRP and other digital assets using the best features and advanced security system.

In addition to the above functions, all traders and users have an excellent opportunity to participate in social trading operations. Basically, this feature is available through the Binaryx Marketplace, which offers users a well-developed reputation system. This innovation helps Binaryx enter the cryptocurrency rating for today with the highest reputation.

This system is designed for traders to show their current performance on a platform that will attract users or investors to collaborate with the best.

Due to its high liquidity and a large number of useful functions, this cryptocurrency exchange worthily occupies a position, given the latest rating of cryptocurrency exchanges.

Binaryx is a large-volume cryptocurrency exchange created by a talented team of programmers, high-frequency traders and web developers from the crypto community. It is worth noting that the Binaryx cryptocurrency exchange does not belong “secretly” to state corporations or clans, like some popular exchanges of 2020.

Rating of crypto-exchanges by trading volume

  • Coinbase

Coinbase is the world’s largest Bitcoin broker, included in the ranking of crypto exchanges in terms of the trading volume. They are an easy and quick way for new users to purchase bitcoins. Despite this, there are a number of disadvantages that serve as a decent barrier for users and traders.

Coinbase is not available for cryptocurrency traders in many countries. This exchange policy is due to the gradual promotion and launch problems due to laws and regulations. Consequently, Coinbase loses to the rest of the cryptocurrency market players who have focused on other countries.

Purchasing a cryptocurrency may seem a lengthy and nervous process for you if you decide to buy Bitcoin, Ethereum, or other cryptocurrencies using a bank transfer to Coinbase. On average, this transfer can take from four to five business days, which greatly affects the reputation of the exchange, given the current rating of cryptocurrency exchangers.

Moreover, given that decentralization and anonymity are the leading factors for people to enter the cryptocurrency world, Coinbase keeps track of how and where you use the purchased cryptocurrency. The so-called Big Brother is watching you.

  • Poloniex

Poloniex used to be the largest exchange and was included in the potential rating of crypto exchanges 2020, but it lost a lot of users when it had difficulty scaling to support new registrations. A huge stream of traders and users was forced to leave Poloniex in search of a better place to trade.

Poloniex was recently acquired by Circle. 

Partly Circle is supported by Goldman Sachs, one of the largest investment banks in the USA. Many experts in the cryptocurrency world expressed the opinion that purchases of cryptocurrency exchanges by large corporations are negatively displayed on further activities. In general, what guarantees that big whales will not want to bring down the market for personal gain?

  • Kraken

Founded in 2011, Kraken is the largest bitcoin exchange in terms of volume and liquidity of the euro and is also a partner of the first cryptocurrency bank.

Many of the advantages of this cryptocurrency exchange can be useless if for the trader some factors are more significant. For example, included in the ranking of cryptocurrencies online, this exchange is the worst choice for novice cryptocurrency traders.

If you want to start your journey with minimal luggage of knowledge, Kraken will definitely not help you in this situation. The above aspect is always a powerful factor for newbies when they consider leading exchanges.

One of the disadvantages of this exchange, which can lead the user astray, is the disgusting interface. Most likely, the creators decided to give preference to other functions, while forgetting to focus on the main thing that any cryptocurrency enthusiast wants to see.

Disclaimer

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

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