Cryptocurrency trading has increased in popularity, owing to the cryptocurrency’s increasing value and appeal.
Despite the fact that frauds have occurred and continue to occur, the finest crypto trading platforms available today make buying and selling crypto easier and more transparent than ever before.
Traders can buy, sell, and convert various cryptocurrencies on crypto trading platforms.
They are important for a cryptocurrency exchange to happen on the current scale. Some exchanges provide the most competitive pricing or speeds, while others specialize in financial services.
We will be reviewing the top 5 centralized crypto trading platforms in order to give you an insight into each one. It will basically help you in choosing the best platform for yourself.
StormGain
It was founded in the year 2019. The headquarters of this cryptocurrency trading platform are located in London, the United Kingdom’s capital. It belongs to the Blockchain Association.
StormGain is one of the greatest cryptocurrency trading platforms on the market right now, with over 120,000 customers in over 100 countries. On digital currencies, the platform allows for up to 200x leverage trading.
Advanced charting and trading tools are available on this bitcoin trading and investing platform.
StormGain is well-known for providing Tether-based contract settlement.
Individuals who desire to lower their portfolio exposure and limit the exchange rate risk associated with high-volatility cryptocurrencies such as Bitcoin and Ethereum can benefit from the contract settlement.
BitYard
It is a well-known crypto trading platform around the globe. BitYard basically hails from Singapore. It was first released in the year 2019. BitYard provides simple, fast, and secure cryptocurrency asset trading services in over 150 countries.
The American Money Services Businesses, Estonia’s MTR for the European Union, and Singapore’s Accounting and Corporate Regulatory Authority (ACRA), all regulate BitYard brokers.
Furthermore, BitYard also has a presence in Southeast Asia, where it serves the government-backed blockchain technology sector.
BitYard is a legitimate and secure crypto trading platform with a user-friendly design. On the exchange platform, both novice and skilled traders have access to the resources they need to increase their trading experiences and profits.
Because of the various trading services, it provides on the site, the exchange is referred to as a One-Stop trading platform.
The following is a list of BitYard’s services.
- Spot Market
- Perpetual Futures (Inverse)
- Lite Trading (CFDs)
- Copy Trading
- Deposits with FIAT
BitYard provides excellent customer service to its users via live chat and email. It also has an all-encompassing support center and a FAQ column. These address various difficulties that users may have when using the platform.
Furthermore, users can also interact with the exchange through its social media sites.
Gate.io
It is a Chinese crypto trading platform that has been in operation since 2013. Gate.io was relaunched in 2017. Since then it is developed into one of the fastest-growing crypto platforms, with a leading Initial Exchange Offering (IEO) platform.
Plus, it also offers a wide range of cryptocurrencies, leveraged margin trading, and other innovative financial services such as margin lending and borrowing.
Following are some of the key features that users can enjoy while trading with Gate.io.
- Markets and cryptocurrencies: It is recognized as an altcoin exchange for a reason: it supports 180 different coins and over 400 distinct cryptocurrency markets.
- Security: It is very sensitive regarding the security of its users. CER named it one of the top exchanges for cybersecurity. Users can secure their accounts in a variety of ways, and the platform itself has numerous security features.
- Features: You can trade cryptocurrency markets with plenty of features. These features include margin trade with 10x leverage, perpetual swap contracts, participation in period investment plans, and much more.
- Low fee: It has a relatively low fee compared to other trading platforms of this caliber.
- Customer support: Aside from the 24/7 live chat available to all users, it also provides a large help database including a FAQ section and a New User Guide. For more complicated issues, you may also submit a support ticket.
Phemex
It comes from Singapore and was developed in 2019. The Phemex cryptocurrency trading platform offers a broad range of services. It takes credit card deposits and offers leverage trading up to 100x your initial investment.
Phemex offers a variety of opportunities to earn money, as well as free real-time trading for premium members.
It has a lot of features and advantages. The following are a few of them:
- The fact that Phemex does not require a completed KYC to begin using the platform is a useful advantage.
- One of the finest aspects of Phemex is its incredibly user-friendly; even a non-specialist would have no trouble navigating the site and beginning to trade volume.
- A Phemex demo account is available on the site, allowing users to trade without risk.
- Phemex has a mobile application that you can use at any time and from any location.
- On a Phemex deposit of USD in a fixed or flexible savings account, a customer can earn up to 10% interest.
- Phemex provides a welcoming scheme for new users that is fairly generous. People who establish an account on Phemex may expect many benefits and features.
- Phemex also provides fee-free spot exchange.
- Furthermore, Phemex provides a wallet interface, which only adds to the convenience of the consumers.
- It also has this great feature that turns investing into a time-limited team competition.
PrimeXBT
It is a margin trading platform that was established in 2018.
There are quite a variety of assets available such as bitcoin, forex, commodities, and stock indexes. PrimeXBT only allows you to trade assets on margin using CFDs. Therefore, you won’t be able to buy any cryptocurrencies with it.
It allows you to trade on a margin up to 100x your initial stake.
PrimeXBT provides a unique “covesting” function that allows you to watch and copy the trading moves of the website’s top investors. Furthermore, you can even generate short-term price forecasts using its “turbo” trading tool.
You get a quick double-digit profit if your prediction is correct.