The best cryptocurrency exchanges for 2023

With the growth of the cryptocurrency market, more and more platform options are emerging to carry out different exchanges, so it becomes more difficult for the user to correctly choose the Exchange that they will use. That is why today we tell you which are the best cryptocurrency exchanges for 2023

What are cryptocurrency exchanges?

First of all, it is important to know that An exchange is a platform that allows you to exchange cryptocurrencies. Although one of the facilities that cryptocurrencies have is that a centralized agent is not needed to carry out an exchange, it is extremely necessary to use a platform that allows them to be carried out.

The Exchanges fulfill this function, they are a kind of and Ecommerce which allow offering different assets and buying them according to the standardized exchange methods.

Some Exchanges are so large that they operate just like the stock market, and it is extremely important to analyze the regulations and guarantees offered to the user to choose which one is the best.

How do they work?

Although each cryptocurrency exchange has its own regulation, there is a more or less standard operating form, under which all of these are governed.

In order to use a cryptocurrency exchange, the first thing is to register your profile and then you must establish a currency or currency under which you will carry out the bulk of your operations.

Now you must make your first deposit of money. Depending on the Exchange used, it will offer you different payment options, such as credit or debit cards, bank transfers or payment gateways such as PayPal.

Later you will be able to choose the leverage options that the Exchange offers you, but remember to evaluate it thoroughly, because if you open a position with leverage the risks increase.

Types of cryptocurrency exchanges

We have already seen basically what the function of a cryptocurrency Exchange is and according to its operation, we can divide it into 2 fundamental types. I tell you the different types of Exchange:

centralized exchanges

These types of platforms are the most common, and they work as an intermediary that connects users, providing the support they need to carry out transactions.

The centralized Exchanges keep the cryptocurrencies in custody, and once they are entered into the platform, the user has the possibility of linking them to a wallet to have control of their own assets.

These types of Exchanges provide regulations and charge commissions to use them.

Decentralized Exchanges

In this type of platform there is no centralized entity that manages operations between registered users.

One of its main advantages is that, thanks to not having a third party safeguarding the operations, it has greater privacy and, in addition, its commissions are lower, since they do not have to pay a group of workers who observe and guard the operations, however, they are more difficult to handle and are only recommended for the most experienced traders.

Best cryptocurrency exchanges

Now that you know what the different types of cryptocurrency exchanges are, we will now analyze which are the most recommended, based on main features such as security, supported tokens, customer support, and fees or commissions they charge.

Here I will tell you which are the six best cryptocurrency exchanges in 2023:

3AngleFX (Europe)

One of its main advantages is its wide catalogue, with the possibility of operating in more than 20 digital assets and, of course, the best cryptocurrencies on the market such as: Bitcoin, Ethereum, Ripple, Dogecoin and Litecoin.

Its main characteristic is to be the most popular in the market and it also offers extremely attractive commissions, which range from 0.5% to 2%.

3AngleFX has grown so much in the market that it has opened the possibility of paying with cryptocurrencies in various stores around the world.

TradeEU.com (Latin America)

This Exchange stands out mainly for providing service around the world, in more than 32 countries.

In addition to being an Exchange, it also provides support as a Wallet, giving you the possibility to manage your cryptocurrencies.

TradeEu.com offers a professional version, geared mainly for more experienced traders, who are looking for lower commissions.

Its applications suitable for iOS and Android are also attractive, giving you the possibility of not only operating through your mobile phone, but also accessing your Wallet.

Capitalix (Latin America)

This platform offers support for more than 60 cryptocurrencies and allows you to buy and sell the most important digital assets in the market such as: Bitcoin, Ethereum, XRP and Litecoin.

This platform uses the dollar as the base for its operations and you can make a first deposit for $50 through credit, debit or PayPal cards.

One of the advantages of Capitalix is ​​that when buying or selling cryptocurrencies, you will be charged a standard fee of 1%, making it an excellent option for those who want to have full knowledge of the fee that the platform used is charging.

Bitvavo

This platform has support for more than 175 Cryptographic assets and the best thing is that its commissions are extremely low, ranging from 0.03% to 0.25%, depending on the transaction being made.

Despite the fact that its commissions are extremely attractive for more experienced traders, Bitvavo is also geared towards beginners, providing an easy-to-use interface.

Creak

The main characteristic of this Exchange is its transparency policies, providing total security to each of its users, since its objective is to attract investors who use this platform in the long term.

It is a regulated Exchange and the commission charge is 0.26%. Among its advantages is the possibility of operating with cryptocurrencies and also support for other markets.

Bitstamp

This platform is one of the most reputable in the cryptocurrency industry and provides support for 50 Cryptocurrencies. Although this number seems to be low compared to other exchanges that we have analyzed, it is still a sufficient offer for those who want to start in the world of cryptocurrencies.

However, Bitstamp charges high fees depending on the payment method used, reaching up to 0.5% of the total bank transfer.

How to choose the best cryptocurrency exchange?

There are a large number of Exchanges on the market, so it is not easy to choose the best one, but here are some simple steps for you to choose:

• Analyze which institution regulates the platform.
• See if the cryptocurrency you want to trade with is supported.
• Compare the fee charged per operation.
• See if they charge other types of commissions or Spreads.
• If you want to choose one that includes support for Wallets, take that into account.

Which is the safest?

Most of the cryptocurrency exchanges are extremely safe, especially those that are regulated, since they even have support against bankruptcy.

Observe which are the institutions behind each Exchange, and any of the 6 that we mention in this ranking is totally recommended.