If you are interested in buying or selling cryptocurrencies, then you will need to use a best crypto exchange on Reddit. In this article, we will show you the 5 best crypto exchanges Reddit users love.
Reddit is a popular platform for individuals interested in crypto trading. With so much to be learned about crypto trading and the rapid change in the crypto market, Reddit stands out as one of the best resources for crypto assistance and knowledge.
KEY TAKEAWAYS
- We will provide you with a list of the best crypto platform Reddit users love
- we listed out the features of each crypto exchaaange
- we also listed out the cost price
5 Best Crypto Exchanges Reddit Users Love
If you are searching for a secure and safe platform loved by Reddit users, then you are in the right place. Check out the platform listed below.
Below is a list of the 5 best cryptocurrency exchange platforms that Reddit users love
1. Binance
The Binance exchange is a crypto exchange based in the Cayman Islands; it was launched in 2017 and is the largest crypto exchange globally by trading volume. The crypto platform supports more than 300 cryptocurrencies, including Ethereum (ETH), Bitcoin (BTC), and PAX Gold (PAXG), and more than 50 fiat currencies, on top of its native token, Binance Coin (BNB).
The platform’s native token doubles as a utility token and offers discounts on trading fees for holders: trading fees range from 0.1 percent to 0.04 percent based on how many BNB tokens people hold. Instant trades incur a 0.5 percent fee, and there is no fee for making deposits, fiat, or cryptocurrency.
Some of the exchange’s best features include a crypto staking platform, Binance Earn, a Crypto Visa Card, which can be used to pay with cryptocurrency anywhere Visa is accepted, and advanced charting tools.
The platform also runs special offers monthly and rewards its clients when they reach certain milestones, like trading between a pair or trading certain crypto.
Features
• Binance Earn
• Binance Visa Card
• The largest array of supported cryptos
• Wide array of supported fiat currencies
• Advanced charting tools
• Earn lower fees by using Binance Coin (the exchange’s native currency)
Cost
• Taker fees start from 0.04 to 0.1%
• Maker fees start from 0.02 to 0.1%
• Futures trading maker fees: 0.02 percent
• Futures trading taker fees: 0.04 percent
• Crypto deposit fees are Free
• Fiat deposit fees start from 0% to 3.5%
• Crypto withdrawal fees start from 0% to 2,5%
• Instant buy/sell trade fees: 0.5 percent
• Debit/credit card purchases: 4.5 percent
Best For
The exchange is best for International crypto investors interested in investing in relatively unknown or rare altcoins.
2. Bitbuy
Bitbuy is one of the best crypto exchange platforms in Canada. The exchange has incredibly low trading fees: just 0.1 percent (%) for trades made using their advanced trading platform.
The platform supports over 25 cryptocurrencies, verifies accounts quickly, prides itself on its helpful customer support representative, and has a well-rated app.
The Bitbuy crypto exchange platform has processed over $4 billion in trades across its 400,000+ users. The platform is a Registered Marketplace and Investment Dealer recognized by the OSC (Ontario Securities Commission), implying it’s a safe and secure crypto exchange that offers deep liquidity for all order sizes.
Features
• Supports over 25 cryptocurrencies
• Excellent customer service
• Powerful mobile application
• offers extremely low trading fees (0.1 percent (%))
• Easy to use for beginners and advanced traders
• 99% cold storage policy keeps crypto extra secure
Cost
• Account Opening is Free
• Bank Wire Deposit: 0.5 percent (%)
• Bank Wire Withdrawal: 1 percent (%)
• Trading Fees are 0.1 percent (%)
• INTERAC Withdrawals/Deposits: 1.5 percent (%)
Best For
The exchange is best for Investors looking for low fees and the best trading experience.
3. eToro
The exchange is a globally renowned brand with a mobile app and an easy-to-use desktop platform, and the platform offers some of the lowest fees in the industry.
One of the platform’s biggest innovations over the years has been CopyTrader, a brand new model of investing that allows users to copy other investors’ trades in real-time.
This CopyTrader allows even traders new to crypto trading to make smart, timely trades based on copied knowledge, making the platform ideal for beginners and advanced traders. People can invest in more than just crypto; the platform also supports forex, commodities, stocks, and more, all in one place.
Features
• The platform allows short selling
• Up to 30x leverage and 2x leverage on cryptocurrency
• Supports over 50 cryptocurrencies
• Tight spreads (around 0.1 – 0.3%)
• Free withdrawals and deposits from credit/debit cards, bank transfers, etc.
• Excellent desktop trading platform and mobile application
Cost
• Trading fees are 1 percent (%)
• Spreads start from 0.1% – 0.3%
Best For
The platform is best for Passive traders who plan to buy and hold for 90 days or more.
4. Capital
The Capital crypto exchange allows users to trade cryptocurrency alongside commodities, stocks, forex, market indices, ETFs, and more—all without trading fees. The platform supports over 100 cryptos, and users can trade with 2x leverage on cryptocurrency.
The exchange charges a tight spread ranging from 0.1 percent to 0.3 percent depending on the asset, making the platform’s cost very low. The platform has a fully functional desktop platform, a well-rated mobile application, and an excellent demo account where people can practice trading with real assets in real time.
Features
• offers zero trading commissions
• Tight spreads (0.1 percent – 0.3 percent)
• Supports over 100 cryptocurrencies
• Allows up to 500x leverage and 2x leverage on crypto)
• Fully functional demo account for practice trading
• Free withdrawals and deposits via debit and credit cards, POLi, PayPal, bank transfer, Apple Pay, etc.
• Dedicated account manager people can reach at any time
• Excellent desktop trading platform
• Well-rated mobile application
• Licensed by the ASIC (Australian Securities and Investments Commission)
Cost
• Trading fees are 0 percent (%)
• Spreads: 0.1 percent (%) – 0.3 percent (%)
• Deposits & Withdrawals are Free
Best For
The platform is best for traders looking for the best crypto trading experience with no trading commissions.
5. CoinSmart
The CoinSmart platform is a great option for Canadians seeking a trustworthy, reliable crypto exchange. Like Bitbuy, CoinSmart’s exchange trading fees are also low, just 0.2 percent (%).
The platform offers excellent customer service available 24/7 via email, phone, and live chat, and user accounts are instantly verified.
The exchange has been designated a Registered Marketplace by the OSC (Ontario Securities Commission), is registered as a Money Services Business with FINTRAC, and is a member of the anti-money laundering group TRUST, all of which means the platform is a highly secure exchange.
They maintain a 95 percent (%) cold storage policy, and as a publicly traded company, their financials are audited by a 3rd-party firm at least once yearly.
Features
• Supports 16 cryptos
• Registered Marketplace by the Ontario Securities Commission
• The platform offers extremely low trading fees (0.2%)
• 24/7 customer support available via live chat, phone, or email
• Instant verification of account
• Immediate deposits/withdrawals
• User-friendly for beginners and advanced traders
• 95% cold storage policy keeps crypto extra secure
Cost
• Account Opening is Free
• Trading Fees: 0.2 percent (%)
• INTERAC Deposit: 0 percent (%)
• Bank Wire Deposit: 0 percent (%)
• Bank Wire Withdrawal: 1 percent (%)
• EFT Withdrawal: 1 percent (%)
Best For
The platform is best for investors looking to trade with low trading fees.
Read Also:
The Best Time Frame For Day Trading Crypto
Top 10 Best Crypto Trading Signals Telegram Groups in 2022
10 Best Apps for Cryptocurrency Trading and Exchange
Conclusion
Reddit is one of the internet’s popular locations for people interested in cryptocurrency trading. Reddit stands as a source of crypto guidance and knowledge for crypto traders. I hope you enjoy this post and do well to refer this post to your friends and lone ones.
You can learn more from the video below:
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