Best Exchanges Nowadays

[Webetcoins]

Coinbase and Kraken are top-tier exchanges, you can choose anyone out of the two or both for trading. If you are searching for local exchanges in your country then check the local boards. They will be able to suggest which exchange you should choose for fiat conversion. You can look into Binance for both trading and using their P2P service for fiat conversion if they are operating in your country.

I think Kraken is older than in Coinbase but I rarely saw it being talked about. I won't say that they are not operating anymore because why would you mention it here, right? But for me, I'd go with Coinbase because I already used it before here in my country. Questions like this are still country-dependent, so OP had no choice if Coinbase is not allowed in his country but Kraken is.

Maybe there are still other exchanges out there that are also allowed in his country. He still can choose them compared to Kraken because they can be better than it. Binance might be a good option too and is more popular than the two but it's only sad that my country banned it in recent time.

[Strongkored]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

The two exchanges you mentioned can be said to be on the list of good exchanges, and apart from that, are there any better or best ones? I think there will never be the best, because all CEXs have the risk of being hacked or other things that are detrimental to their users, that's why you should never save your funds in CEX even though you trust the exchange, use the exchange as it functions, namely for exchange, not store assets.
We see how many people lose their coins because they trust exchanges as their wallets and Cryptsy, btc-e and bter are just a few because the list of exchanges that are detrimental to users is quite extensive.

[Jawhead999]

Above users already recommend many popular centralized exchanges that might be the safest in terms of CEX.

But if you're looking for privacy, you can use Bisq, Agoradesk or Robosats.

MEXC also doesn't require KYC to do that. In fact, I have never done KYC at MEXC and I have been trading for several years there.

@OP need to check whether the exchange restrict his jurisdiction or not, because it will be a big problem if MEXC force him to verify his account.

I also have use MEXC without KYC, but I do it using wallet that has in-built exchange i.e. Safepal.

[Fara Chan]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

Coinbase and Kraken are also the best options that you can use for trading, but if you still want other options, you can try Binance and Kucoin which in my opinion are also no less good to use as trading platforms at this time. And for those who have been closed in the past which may have resulted in a little disappointment in yourself, you can consider it as a bitter experience that you have experienced in the past and now is the time to choose the best and improve it with the abilities you have.

[Nrcewker]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

If Binance is available at your place then, it’s the perfect place to trade. It has good user interface and the almost all the coins are listed here. 9 out of 10 customers use Binance and it’s very famous for its quick user interface. It has also recently introduced the P2P and copy trading feature. So if you want all the features and coins at one place then Binance is the ideal choice. I personally trade at Binance and Kucoin. So check all the rules and regulations before joining any exchange.

[iv4n]

Many good answers in this thread, I used to use many exchanges mentioned in previous comments, but to be honest, I haven't used exchanges for a while, at least not the centralized ones... now it's easy to exchange coins through a wallet, or through some swap service, and there are many different ones. Looks like that time of decentralized services is coming.

So the real question is what the OP wants, to trade regularly or just want a fast entry into some coins without much hassle. For long-term trading I think that some swap services are much better, at least we always have full control over our funds, and the transaction fees can be lower, depending on wich swap/wallet we use.

[Huppercase]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

If you need to know more about live exchanges(centralized), you should make use of Coingecko to check all active ones, they have their ratings included in 10/10 but in not sure which one is the best but I believe the ones that have 10/10 ratings and 9/10 ratings have huge liquidity and you can make exchange most of the top coins without any problem.

Try and do some comaprism with volumes too, sometimes exchanges tend to display huge number of volume from the exchange but sometimes they are from wash trading, so make the comparison with coingecko or coin market cap to see the real volume, they have a way of generating the real volume from exchanges using API, you will know quickly the exchange that is into wash trading and the ones that are into real trading, even decentralized that used bots, you can use this method to fish out wash trading platforms.

[Issa56]

Were you using exchanges to store your cryptocurrencies? if so, this isn't advisable as you may have already know. The best middle ground approach right now is to withdraw your funds to a non custodial wallet if you're not actively trading.

If you can check the post well, then you will see that the OP didn’t mention storing coins on exchange, all the OP needs is an appropriate exchange that can be used for trading. I know how risky it is to leave a coin on exchange. The best place to leave a coin is a non custodial wallet, but as we can see, the advice you are giving the OP is not what the OP really needs. You should be advising the OP, maybe if he made mention of storing coins on exchange.

And I will say the exchanges which the op mentioned are really good one’s, so the op can just select one of the exchange and be using it.

[Crypto Library]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

If you are looking for centralized exchangers then you can use Binance, Kucoin, or Bybit. These are my favorites centralized exchangers.
The reason of being favorites is they are trusted among the cex and as well as also have user friendly interfaces and as well as also good features. From the side of features I will put Binance one step ahead. I loved to cashout the P2P features on binance and also the launch pool pad. You can explore them. Coinbase are not available in my region and on the others hand I am not much familiar with the Kraken and the others you have mentioned so my suggestions will be to three of them.

[Potato Chips]

If you can check the post well, then you will see that the OP didn’t mention storing coins on exchange, all the OP needs is an appropriate exchange that can be used for trading. I know how risky it is to leave a coin on exchange. The best place to leave a coin is a non custodial wallet, but as we can see, the advice you are giving the OP is not what the OP really needs. You should be advising the OP, maybe if he made mention of storing coins on exchange.

And I will say the exchanges which the op mentioned are really good one’s, so the op can just select one of the exchange and be using it.

Emphasis on this particular bit:

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc)

For instance, Cryptsy and btc-e are exchanges which abruptly shutdown along with their users money -- FBI seized btc-e to be more precise. Hence it's a sound theory to say OP may have lost time and money amidst the controveries otherwise, why say they got burned by the closures.

Discussions are not always black and white. There are gray areas where we can read between the lines and form theories in order to further flesh out the discussion.

[batang_bitcoin]

If you are looking for centralized exchangers then you can use Binance, Kucoin, or Bybit. These are my favorites centralized exchangers.
The reason of being favorites is they are trusted among the cex and as well as also have user friendly interfaces and as well as also good features. From the side of features I will put Binance one step ahead. I loved to cashout the P2P features on binance and also the launch pool pad. You can explore them. Coinbase are not available in my region and on the others hand I am not much familiar with the Kraken and the others you have mentioned so my suggestions will be to three of them.

I've tried all of them and they're good, there's one in my radar and that's okx. I am not shilling them but they seem to be good for someone who's like OP that's just looking for another exchange. But at the end of the day, you'd notice the difference of them and the things that they offer to their users. In platform wise, they don't have that a lot in difference and very common but in some features like p2p, you'd really choose what you think gives you better withdrawal speed and rates.

[Lakai01]

Emphasis on this particular bit:

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc)

For instance, Cryptsy and btc-e are exchanges which abruptly shutdown along with their users money -- FBI seized btc-e to be more precise. Hence it's a sound theory to say OP may have lost time and money amidst the controveries otherwise, why say they got burned by the closures.

It is very easy to blame others in such cases, but it is not fair. “Be your own bank” also means that you actually have to take care of the security of your coins yourself, which is why coin holdings have no place on an exchange once they have been traded. There have been countless examples in the past where people have been robbed of their coins because they traded them out of convenience/lack of knowledge/... simply left them on the exchange. Unfortunately, this opens the door to losses and fraud.

That's why we must never tire of emphasizing “not your keys, not your coins”.

[joeperry]

Whenever someone ask me on what exchange is a good exchange to use, I always refer them here https://coinmarketcap.com/rankings/exchanges/ and told them the higher the trading volume the better because sometimes they are sending me links to new exchange sites (that's a scam, you'll know if you first look at it) so I ask them to take a look at the rankings of the exchange site.

Binance bought Coinmarketcap since 3 or more years ago. It is better not to fully believe in anything that you saw there. It is better to use Coingecko. Sometimes Binance will not be on number 1 on Coingecko but it is always in number 1 on Coinmarketcap.

Thanks for letting me know that, I really didn't know that and I just checked it and you are right! We'll it's true that there's a difference between the statistics of those two but still it's not bad to use both of it for comparison and cross referencing as both of them are reliable in my opinion.

Anyway I am just curious is there any other known cryptocurrency data aggregator than those two?

[bettercrypto]

Those two exchanges, I had no doubt that they are among the top listing good exchanges in the market. But in my personal experience, I don't use those two; instead,
I use another exchange to convert my crypto profits to our fiat.

It may be good for others, but it is not possible for others because of the country they belong to, like me, because there are other exchange platforms that are more convenient to
use compared to the ones mentioned in this section.

[slaman29]

I don't know why so many people say Coinbase, you know it only serves probably the most limited of all exchanges? That means more than half of this forum can't even use them.

If Binance is available at your place then, it’s the perfect place to trade. It has good user interface and the almost all the coins are listed here. 9 out of 10 customers use Binance and it’s very famous for its quick user interface.

Binance is almost available everywhere until recently and IMO still the one that majority can access.

Always hated Binance but can't deny it's the most useful for newbies in most countries. Don't know about 9 out of 10 but it's the biggest exchange for a reason.

[tvplus006]

Binance bought Coinmarketcap since 3 or more years ago. It is better not to fully believe in anything that you saw there. It is better to use Coingecko. Sometimes Binance will not be on number 1 on Coingecko but it is always in number 1 on Coinmarketcap.

Thanks for letting me know that, I really didn't know that and I just checked it and you are right! We'll it's true that there's a difference between the statistics of those two but still it's not bad to use both of it for comparison and cross referencing as both of them are reliable in my opinion.

Anyway I am just curious is there any other known cryptocurrency data aggregator than those two?

There are a very large number of such ratings, but their quality is much lower compared to the above. But I believe that https://cryptorank.io not only is it not inferior to Coingecko and Coinmarketcap, but in some cases it surpasses them.

[AbuBhakar]

Binance is almost available everywhere until recently and IMO still the one that majority can access.

Always hated Binance but can't deny it's the most useful for newbies in most countries. Don't know about 9 out of 10 but it's the biggest exchange for a reason.

My country Philippines is one of the recent victim of restriction for using Binance service because they failed to acquire license even though they are bing notified for many years already.

But despite with this restriction, Binance is still the number 1 exchange in my country since the app is still not banned which users is now using instead of the website version.

I’m not sure why the OP keep using other exchange while ignoring the number one exchange in terms of trading volume and number of active traders.

[KingsDen]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

You already know Kranken and Coinbase, why look for others. What is the reason why traders look out for so many exchanges when they can just stick with a few reputable ones. Are you an arbitration trader?

[taufik123]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

You already know Kranken and Coinbase, why look for others. What is the reason why traders look out for so many exchanges when they can just stick with a few reputable ones. Are you arbitration trader?

It is possible that he did Arbitration, But now if only using manual methods it will not work.

But maybe the OP needs more Exchange for him to try, or hasn't found the best one yet.
Or the country he does not provide full regulation on the exchange he uses.

I myself am more interested in Binance and Bitget for several reasons about P2P being easier and supporting my country's currency.

[B2Z]

Used to be super active but got burned by most of the old closures (Cryptsy, btc-e, Bter, etc), so where is the best place to trade nowadays?  I have a Coinbase account already along with Kraken but not sure of other options that may be better.  Thanks!

There are enough places to trade. You can definitely trade in different places if you want. Before trading you must first decide whether you want to trade alt coin or trade bitcoin. If you want to trade alt coin of course you can trade ethereum. The most reliable coin among alt coin is ethereum you can trade ethereum if you want.