Top Cryptocurrency Exchanges in 2018: A Comprehensive Guide

As cryptocurrencies continue to gain popularity, the demand for platforms that facilitate their trading and investment also increases. In 2018, several cryptocurrency exchanges emerged as frontrunners, offering secure and efficient trading environments. This guide will explore some of the best options available, focusing on their trading fees, features, and overall performance.

Understanding Cryptocurrency Exchanges

A cryptocurrency exchange is a digital platform where individuals and institutions can buy, sell, and trade various cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. These exchanges are crucial for the growth and adoption of cryptocurrencies, providing users with a way to access a wide range of digital assets.

The Need for Cryptocurrency Exchanges

With the rise of cryptocurrencies, there is an increasing need for solutions that cater to the diverse needs of investors. A Digital Wallet is a virtual storage space for a user's payment and identification information, allowing for seamless transactions across multiple payment systems. Digital wallets enable users to streamline the purchase process and are often used in conjunction with mobile payment systems, making them an integral part of the cryptocurrency ecosystem.

The Best Cryptocurrency Exchanges in 2018

Here are some of the top cryptocurrency exchanges in 2018, each with its own unique features and trading fees:

Coinbase

Coinbase is one of the most popular and user-friendly cryptocurrency exchanges. It is known for its robust security features, user-friendly interface, and extensive selection of cryptocurrencies. Coinbase imposes a relatively high fee structure, with transaction fees typically ranging from 1.49% to 3.99% depending on the volume and method of payment.

Binance

Binance is renowned for its low trading fees and high security measures. It offers a wide range of cryptocurrencies and trading pairs, making it a preferred choice for both beginners and experienced traders. Binance often waives trading fees for large transactions, and its fees are typically around 0.1% for standard trading.

Bitmex

Bitmex is a popular exchange for contract for difference (CFD) trading. It offers high leverage and complex derivative trading, making it suitable for advanced traders. However, it is important to note that Bitmex's fees are higher than other exchanges, with a 0.07% maker and 0.13% taker fee for regular trades.

Kucoin

Kucoin is known for its innovative features and user-friendly interface. It offers a more accessible platform for new traders and includes several advanced trading tools. Kucoin's fees are relatively low, ranging from 0.1% to 0.2% for most trades.

CoinMama

CoinMama is a unique exchange that allows users to purchase cryptocurrencies using credit cards or bank accounts. It is particularly user-friendly and ideal for those new to cryptocurrency trading. CoinMama's fees are generally around 3% plus the cryptocurrency exchange rate.

GDAX

GDAX is a San Francisco-based exchange that is a subsidiary of Coinbase. It offers a wide range of cryptocurrencies and trading pairs, and its fees are slightly higher than those of the parent company, typically ranging from 1.49% to 3.99%.

Kraken

Kraken is a well-regarded exchange known for its high security measures and powerful trading platform. It offers a wide range of cryptocurrencies and trading pairs, with fees typically ranging from 0.25% to 0.75%.

is a reliable and user-friendly exchange that offers a wide range of cryptocurrencies. Its fees are relatively low, with a standard trading fee of 0.2% for most trades.

LocalBitcoins

LocalBitcoins is a peer-to-peer exchange that allows users to buy and sell cryptocurrencies in person or through online transfers. It is more suitable for small transactions and is known for its low fees, which typically range from 1% to 5%.

BitStamp

BitStamp is a well-established exchange known for its high security and low fees. It offers a wide range of cryptocurrencies and trading pairs, with fees typically ranging from 0.2% to 0.4%.

Choosing the Right Platform

When choosing a cryptocurrency exchange, it is essential to consider several factors, such as trading fees, security measures, user interface, and the range of cryptocurrencies available. Some factors to weigh include:

Trading fees: Lower fees can reduce the cost of trading, making the platform more appealing, especially for frequent traders. Security: Choose a platform with robust security features to protect your funds and personal information. User interface: A user-friendly interface can make the trading experience smoother and more enjoyable, especially for new traders. Range of cryptocurrencies: Diverse offerings can provide more trading opportunities and flexibility.

Getting Started with Cryptobulls Exchange

Cryptobulls Exchange is one of the top UAE-authorized cryptocurrency exchanges, offering a secure and powerful trading environment for beginners and experienced traders. It provides a comprehensive set of features, including real-time trading, advanced charting tools, and a user-friendly interface.

For more information and to start trading securely and confidently, visit [Cryptobulls Exchange Website].

By choosing the right cryptocurrency exchange, you can enhance your trading experience and maximize your potential in this dynamic market.