When it comes to cryptocurrency trading, user interfaces (UI) are undeniably important. Exchanges need to be beginner-friendly and intuitive if they want to attract a growing user base. Here are the top five exchanges which will you provide you with a quality user experience every time.
Unsurprisingly, Binance tops our list. The exchange provides users with everything they need to get started trading Bitcoin and a whole slew of altcoins.
With a simple UI, easy-to-read order book, and many possible chart customizations, Binance is a clear favorite among cryptocurrency traders. There’s a reason it is the exchange-of-choice for those who are just getting their feet wet in the cryptocurrency world.
Binance also offers margin trading pairs for more experienced traders.
StormGain is a relatively new cryptocurrency exchange, but its goal is to be the ultra-accessible option for traders.
Requiring only an email to sign up, StormGain boasts a minimalist design and a mobile app. Viewing the strength of the order books and how much buying/selling pressure is intended to be intuitive.
The new exchange currently only boasts trading pairs for a handful of top cryptocurrencies:
Traders looking for more altcoins may want to create an account on Binance instead.
However, it should be noted that StormGain offers margin trading as well — being one of the rare platforms to offer 100x multipliers.
Coinbase Pro, formerly called GDAX, is something of a gold standard when it comes to exchanges. With a sleek black interface, the exchange been expanding its supported trading pairs quickly this year.
The wicks on Coinbase Pro have become iconic since so many market-makers frequent the exchange.
Although Coinbase Pro does not offer much support for technical analysis indicators, it still remains the best exchange to onramp some fiat.
In short, it’s the most reliable exchange out there.
Similar to Coinbase, Gemini has zeroed in on making cryptocurrency purchases as easy as possible.
Taking some pointers from Coinbase, the Winklevoss-owned exchange now boasts an equally-sleek UI and has a mobile app which makes purchases simple. Think of it as an alternative to Coinbase’s iconic app — just as good and quickly catching on.
If you are in a country where Gemini is supported, the exchange should be one of your top destinations for fiat-to-crypto trades.
Closing out this list is KuCoin, an exchange that can best be summed up as ‘Binance Jr.’ The two exchanges definitely share a common UI interface and have a similar amount of trading pairs. It also shares Binance’s love of chart customizations — for when you really want to dive deep into technical indicators.
Although the use of different wallets for trading and withdrawals/deposits might confuse you initially, don’t worry: it’s easy to get into the hang of trading on KuCoin.
Try Them All
I personally like having accounts on many different exchanges — since they each have different strengths. For example, Binance should be your likely candidate for the all-around exchange you most frequent; Coinbase or Gemini can be your exchange-of-choice for fiat deposits; StormGain is the single best exchange for margin traders and mobile users.
The best strategy may be to create accounts on all of these top five exchanges and see which one suits your trading strategy best.
Is there an exchange you think we should have included in our list? Let us know your thoughts in the comments down below.
[Disclaimer: This article is not trading advice and should not be construed as such. StormGain is an exchange partner of BeInCrypto.]