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Popular Cryptocurrency Exchanges

Trading crypto and investing in digital assets are becoming a popular way to make money. Due to the high volatility of crypto rates, traders can make a significant profit in the short and long term.

What is a cryptocurrency exchange? It is platform traders and investors work with to buy and sell cryptocurrency with the purpose of receiving income from crypto price differences. Big and legitime crypto platforms offer a variety of trading tools and features such as:

  • crypto charts and educational materials;
  • spot markets;
  • trading with leverage;
  • futures derivatives trading;
  • staking;
  • affiliate programs;
  • customer support;
  • two-factor authentication;
  • average fees;
  • a wide range of assets to trade.

Let’s talk about some popular cryptocurrency exchanges and see the difference between them.

 

Binance

It is the most popular platform for trading and investment. It offers over 500 crypto assets for trading and the highest trade volume of $17,26 billion (August 2022). The platform is suitable for advanced traders, for its interface may be slightly difficult for a beginner. The fees charged on Binance are not fixed. That is, every option and product comes with a different fee. Using a debit card implies a 4,5% fee.

 

WhiteBIT

It is a platform where users can exchange cryptocurrency with a fixed fee of 0,10%. When using a Monobank card, users do not pay the fee. Other banks charge other fees. WhiteBIT offers over 400 trading pairs and pairs with fiat currencies. WhiteBIT is suitable for beginner traders, for its interface is easy to handle. Besides, users can configure the WhiteBIT application to their liking. Novice users can take advantage of demo trading.

It appears that Binance is the most popular platform in the market, and probably all traders use it daily, while WhiteBIT is more fitting for beginner users, having the same features and tools.

 

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