The Best 5 Crypto Exchanges for Buying Crypto in 2024
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Crypto is currently one of the best investment asset classes, and for good reason. They have over the years proven to bring more returns to investors than most assets.
Even in 2024, crypto assets like Bitcoin and Solana are among the best performing assets for the year. The industry also earned more credibility early in the year with the approval of Bitcoin spot ETFs.
More investors, especially institutional ones have become more interested in crypto as a result, and it is expected that the positive sentiments around the industry will continue to grow over the coming years.
If you wish to invest in crypto, it begins with buying the crypto assets. If you wish to buy an asset, the usual route is through a crypto exchange, and we discuss the best five exchanges that you can use to buy crypto in 2024.
Binance
Binance is one of the top crypto exchanges in the world, and currently the largest by trading volume. One of the reasons it is the leading exchange with trading volume is because of its deep liquidity.
The platform has a selection of crypto tokens that is unique, and has the liquidity to enable users trade such tokens like no other platform. It is also an exchange for everyone with any level of crypto trading experience.
Binance also has lots of measures in place to ensure that users’ funds are kept secure. It supports different methods for depositing funds and buying crypto assets, making it easy to buy and trade assets on it.
Coinbase
Coinbase is a global exchange with headquarters in the USA. The exchange is one of the most credible in the world, since it was the first to go public. It is also a secure exchange with most of its users’ funds stored offline in cold wallets.
The platform has over 70 million users from hundreds of countries around the world. It also supports hundreds of crypto assets, making it an ideal exchange for altcoin traders and investors.
Coinbase is however notorious for high transaction fees which it charges for all forms of transactions, including spot, maker, and taker fees. Its major strength is the simplicity of its design which makes it the exchange for beginners.
CEX.IO
CEX.IO is a global crypto exchange with headquarters in the UK. Like Coinbase, it has a simple design that makes it easy for just about anyone to use it seamlessly for buying and trading crypto assets.
If you’re based in the UK and looking for a suitable local exchange to use, this one ticks all the right boxes. It is also known for charging low transaction fees, unlike Coinbase. Therefore if you’re looking for an affordable exchange to use, this may be it.
You’ll also find other interesting features such as staking on CEX.IO which you can start using to start earning rewards.
Kraken
Kraken is another top exchange with headquarters in the USA. Though designed with pro traders in mind, it has been used by all kinds of people since its creation in 2011. Kraken is also known as the high security exchange because it has never been breached in any way.
You will enjoy low fees and a wide variety of crypto assets on this exchange, as well as staking services that will earn you rewards. Kraken can be accessed from most countries of the world, and is a trustworthy place to buy and trade your assets.
Bybit
Bybit is a top crypto derivatives trading platform with headquarters in Dubai. The exchange has secured regulatory licenses in several countries, including the UAE where it has its headquarters.
There are almost 1,000 crypto assets listed on this exchange, which is something altcoin traders and investors will find attractive. It is also known for low fees across the board. You will also find staking and other features on this platform that may be of interest to you.
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