Top 10 Centralized Crypto Exchanges in Q1

This article gathers the top 10 centralized crypto exchanges for beginner crypto traders

After experiencing ups and downs and being severely impacted by FTX, the cryptocurrency market is turning green in 2023. On a good note, the crypto market successfully finished the first quarter of Q1. Cryptocurrency has grown significantly since the start of the year, rising by 48.9% from a total market worth of US$831.8B on January 1 to US$1.238T on March 31. Although it wasn't always easy sailing, this run helped to make up for losses caused by the collapse of FTX. In light of this many individuals started showing interest in crypto space. However, as a newcomer starting the crypto exchange is a tough game.

This article gathers the popular crypto exchanges in Q1 which would help individuals who are about to start their investment. When researching digital assets, investors frequently start by selecting a cryptocurrency exchange. While there are numerous ways to exchange cryptocurrencies, centralized crypto exchanges offer a comparatively simple method of converting money into coins and tokens. This article gathers the Top 10 centralized crypto exchanges

1. Binance: Changpeng Zhao created Binance, one of the biggest cryptocurrency exchanges in the world, in 2017. There are numerous trading pairings available for both fiat money and different cryptocurrencies, and it is said to have more than 15 million users. Additionally, it provides a wallet, a platform for new cryptocurrencies, earning and staking opportunities, its native token, BNB, and other features.

2. OKX: Star Xu established the cryptocurrency exchange platform OKX in 2017. One of the biggest Bitcoin exchanges in the world, Okcoin, is owned by OK Group, which also owns OKX. Trades can be made in spot and futures markets, on margin, and with permanent swaps, among other features.

3. Upbit: A South Korean cryptocurrency exchange called Upbit was established in 2017. It is one of the biggest cryptocurrency exchanges in South Korea and is renowned for having a large number of trading pairs and substantial trading volumes. Upbit has a reputation for its security precautions and has never had a significant security breach. A smartphone app, an API for developers, and a news and analysis section for traders are also provided.

4. Gate.io: In 2013, Hong Kong-based Gate.io, a well-known cryptocurrency exchange platform, was established. It enables users to buy, sell, and trade a wide variety of digital assets, up to 1654 coins and 2924 trading pairs, including Bitcoin, Ethereum, and many others. It's simple for newcomers to use the site thanks to its user-friendly UI.

5. Coinbase: Users of the well-known cryptocurrency exchange platform Coinbase can buy, sell, and trade several different digital assets. Its headquarters are in San Francisco, California, and it was established in 2012. For traders, it provides a range of features, such as spot trading, margin trading, and Coinbase Pro.

6. MEXC: Popular cryptocurrency exchange platform MEXC Exchange was established in 2018. For traders, it provides a variety of capabilities, including spot trading, margin trading, and complex order types. Additionally, it provides MEXC, its native token, which can be used to pay trading fees and get rebates on trading fees.

7. Crypto.com: Users can buy, sell, and trade digital assets on the cryptocurrency trading platform known as Crypto.com Exchange, which was introduced in 2019. Along with 270 additional coins and 507 trading pairs, it also provides its native token, CRO, for users to trade with. Trading fees are paid with CRO, while trading charge discounts are obtained using CRO.

8. Kucoin: KuCoin is a Hong Kong-based cryptocurrency exchange platform that was established in 2017. Up to 757 currencies and 1326 trading pairs are among the many digital assets that users can buy, sell, and trade using this platform. Trading tools on the platform include spot trading, margin trading, and futures trading.

9. eToro: On eToro, you may find a cryptocurrency exchange with over 30 different cryptocurrencies that you can trade in addition to an online brokerage platform with a wide range of stocks and ETFs.

10. Bitstamp: The finest cryptocurrency exchange is Bitstamp, which provides convenient and straightforward market access via its web platform, mobile app, and APIs. In the CryptoCompare Exchange Benchmark study, Bitstamp received an AA grade as the top-rated cryptocurrency exchange because of its strong emphasis on security, transparency, and regulation.