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It is no secret that exchanges have continued to play a vital role in the growth of the burgeoning cryptocurrency ecosystem, providing enthusiasts with a platform for trading digital assets seamlessly. They serve as intermediaries connecting buyers and sellers, enabling them to exchange cryptocurrencies for other digital assets or fiat currencies.
One of the main benefits of traditional crypto exchanges is their simplicity and user-friendly interfaces. These platforms typically offer a more straightforward and convenient experience compared to decentralized alternatives, making it easier for beginners to enter the world of cryptocurrencies.
Moreover, they offer a high level of liquidity, something that is essential for efficient trading, as it allows users to quickly buy or sell assets without causing significant price fluctuations.
Lastly, traditional crypto exchanges often offer higher customer support and security. Since these platforms are managed by a central authority, they can invest in dedicated customer service teams that assist users with any issues or questions they may encounter.
In this article, we will list out some of the best up-and-coming cryptocurrency exchanges. So without any further ado, let’s jump straight into the heart of the matter.
One of the fastest growing, most trustworthy $0 commission platforms in the market today, Public offers a comprehensive investment platform that empowers individuals to diversify their portfolios via a range of assets, including stocks, ETFs, treasuries, cryptocurrencies, artwork, and collectibles. On a technical note, the platform offers tailored company metrics, up-to-the-minute market analyses, live shows on market trends, and much more.
Public is a fully regulated broker-dealer but provides protection of up to $500,000 for any securities contained in its users' accounts. Additionally, the platform implements bank-grade security measures such as AES 128-bit encryption, TLS for secure data transmission, and default two-factor authentication (for an additional layer of protection).
Since its inception in 2019, Public has attracted over $300 million in investments. The platform's esteemed investors include Accel, Tiger Global, Sean 'Diddy' Combs, Will Smith (Dreamers VC), Maria Sharapova, Tony Hawk, The Chainsmokers' Mantis VC, and Shari Redstone's Advancit Capital.
One of the fastest-growing exchanges in the market today, MaskEX is a trading platform that focuses on delivering a secure and user-friendly trading experience. Featuring an intuitive interface, it caters to both novice and experienced traders, offering a wide range of cryptocurrencies for portfolio diversification.
Moreover, it comes with advanced trading tools, including real-time charting features, various order types, and in-depth market data, enabling users to make informed decisions and execute their strategies effectively. Security is a top priority for MaskEX, as evidenced by the fact that the platform features multi-tiered security protocols to protect users' assets and personal information. These measures include utilizing cold storage for a majority of its funds, distributed storage systems, multi-signature technology, two-factor authentication (2FA), and encrypted SSL connections.
Recently, MaskEX launched several promotional campaigns aimed at enhancing its clients' profit potential. One such initiative is the "Purchase and Earn" campaign for P2P traders, where users who purchase USDT on MaskEX P2P with supported fiat currencies during the campaign period can participate in a $500 prize pool. Another campaign revolves around the MaskEX Virtual Card, where users who make purchases using the card during the promotional period stand a chance to share in a $1,000 prize pool. Both campaigns will run from April 1st to April 30th.
Pionex.US stands out as the top choice for automated trading in the cryptocurrency sphere due to its integrated auto-trading bots, competitive fee structure, and user-friendly interface. Launched in 2019, the Singapore-based Pionex has gained significant traction online by offering an affordable fee schedule along with a suite of 16 built-in trading bots. The US counterpart, Pionex.US, provides spot trading and features 11 available bots, making it the most comprehensive automated solution for cryptocurrency trading.
The platform boasts a range of bots with diverse functionalities, such as purchasing at a dollar-cost average for a single sell-off, automatically creating and rebalancing an index, and implementing various strategies for buying low and selling high. Furthermore, Pionex.US maintains an attractive maker/taker fee structure for spot trades, similar to its global counterpart. Depending on the crypto pairing, fees range from 0.05% to 0% and apply to both manual and bot-assisted trades.
While the platform excels in offering manual and automated trading options, tutorial resources, and customer support, it does have some limitations. For example, it is unavailable in certain states across the US, lacks some key fiat withdrawal options, and has insufficient bot tutorials/explanations on the company website.
PrimeXBT is another promising cryptocurrency trading platform that offers a wide array of financial instruments and advanced trading tools to traders from over 150 countries. One of its standout features is its extensive product offering, which enables users to trade cryptocurrencies, forex, commodities, and stock indices, all from a single account.
Additionally, PrimeXBT offers a highly competitive fee structure and employs advanced trading technology to ensure a seamless experience for its clients. The platform supports leveraged trading, offering up to 100x leverage for cryptocurrencies and even higher leverage for other asset classes, enabling traders to capitalize on market opportunities with minimal initial capital. Additionally, the platform delivers an ultra-fast order execution rate (< 7.12 ms on average) and an industry-leading trade engine with real-time risk management. Lastly, all transactions taking place within the PrimeXBT ecosystem are secured using the Amazon AWS framework.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.