In this article we will take a closer look at the 10 best cryptocurrency exchanges in 2020. Click to skip ahead and see the top 3 cryptocurrency exchanges of 2020.
The last decade has been a great one for Bitcoin and other cryptocurrencies in general. Aside from witnessing the launch of over three thousand new cryptocurrencies, we have also seen an unprecedented increase in the value of these cryptos.
The launch of cryptocurrencies, in general, has led to the development of a plethora of other service apps and companies. One of these service apps is “Cryptocurrency Exchanges”. Basically, cryptocurrency exchanges are platforms or third-party applications that allow potential crypto investors to either buy, sell, or trade their cryptocurrencies. This exchange could either be from crypto to crypto or from fiat to crypto.
With an increasing number of these crypto exchanges being developed today, most potential crypto investors have had trouble picking out the best exchange to make use of. This is why we have taken it upon ourselves to make a list of some of the best cryptocurrency and Bitcoin exchanges of 2020. Bear in mind that this list has been compiled after extensive research and is based on a number of criteria that include but are definitely not limited to the following;
- Trading volume
- The transaction speed
- The transaction fees charged
- Number of supported coins
- Multiple payment methods
In our rankings below for the 10 best cryptocurrency exchanges of 2020, each cryptocurrency exchange we listed scores for each criterion and then calculated the total score. That’s why there is a little bit subjectivity in our rankings. If you don’t agree with some of the scores, please leave a comment at the bottom of this article. Here are the best cryptocurrency exchanges of 2020:
Trading Volume: 2
Transaction Speed: 5
Transaction Fees: 5
Supported Coins: 5
Payment Methods: 1
Total Score: 18
Designed with a modern outlook and backed by a secure platform, this Hong Kong-based exchange is known for distributing 50% of the total revenue received to holders of KuCoin Shares – the native coin of the platform.
KuCoin supports the trading of over 70 cryptocurrencies and this makes it one of the very best. With a trading volume of $53.6 million, KuCoin charges low transaction fees.