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If, you’re looking to start buying, trading and selling altcoins, but not sure what the best altcoin exchange is? I know the feeling — there are hundreds of different exchanges to choose from, each with their own pros and cons.

But don’t worry, you’ve come to the right place! Today, I am going to give you a review on seven of the best altcoin exchanges, in which I’ll show you where to buy altcoins and how to buy altcoins with USD.

By the way, did you know that the first-ever altcoin to be created was Namecoin in 2011?

In this best altcoin exchange guide, I will review some of the top exchanges, highlighting their fees, security measures, coin availability, trading volume, and user-friendliness. So, once you have read through all seven exchanges, you will be able to decide which one best suits your needs.

Well... what are you waiting for? The first review in this best altcoin exchange guide will be covering the Gemini exchange!

Coinmama - A Top-Rated Choice

Best altcoin exchange: Coinmama.

Coinmama is a pretty well-known crypto exchange that was established all the way back in 2013. This makes the exchange one of the oldest, still-functioning platforms on the market - that's crazy to think about!

Coinmama is located in Israel, and is well-known for serving 188 different countries around the world. These include countries from Europe, Asia, and other parts of the world, with only a small list of restricted countries being present. By that extent, Coinmama also works in most US states, as well.

The exchange in question is considered to be reliable, secure, and well-established. Users can expect all of the common payment gateways to be present within the platform - you can purchase Bitcoin and altcoins via a credit or debit card, or bank transfers, as well. The entire process is very newbie-friendly, so if you've never bought crypto before, you needn't worry - there shouldn't be any hurdles along the way!

Coinmama is also often praised for having a really friendly and helpful support team, as well. While there's no direct live support via phone, you may submit an inquiry ticket, and you should receive an answer in 24 hours. That said, email support is for the days when Coinmama's support isn't working (Friday and Saturday) - any other day, from 9 AM till 6 PM (GMT+3), you can talk with an agent via built-in live chat, on their official website.

All in all, while Coinmama doesn't have all that many supported crypto assets, it will still offer users many of the main altcoins on the market!

Advantages

  • Top-tier security features
  • 188 supported countries, most US states are also supported, too
  • Fiat payments - accepted!
  • Beginner-friendly user interface

Disadvantages

  • A limited number of supported assets

Definitely an exchange worth looking into!

A Glimpse at Gemini

Gemini website frontpage

Gemini was created in 2015 by Cameron and Tyler Winklevoss. The twins are famous for suing Facebook founder Mark Zuckerberg for $65 million, as they say, that he stole their idea!

Gemini is based in New York and they hold something called a “BitLicense”.  This means that they are regulated in the same way as the banking industry, meaning that they take security very seriously.

As Gemini is also used by institutional investors, there are always high trading volumes, meaning that you will have no issues finding liquidity. Gemini also has good relationships with regulators, so they allow you to deposit and withdraw using a bank account.

Note: An institutional investor is somebody who invests on behalf of a large organization, such as a bank or a hedge fund. They normally invest very large amounts of money.

Before you're able to fund your account, you will need to complete a verification process. This will include entering your personal details and uploading a government-issued ID (such as a passport). Depending on how busy the verification department is, it could take a few days before your account is verified.

You are allowed to make up to 30 bank account withdrawals and 10 Bitcoin or Ethereum withdraws for free each month. Deposits are also free. Trading fees start at 0.25%, however, when you start trading with larger amounts, these fees are reduced.

However, one of the main disadvantages of using Gemini is that the only altcoin they list is Ethereum!

In terms of the platform itself, although there are lots of tools available for advanced users, the exchange is really simple to use, making it perfect for first-time buyers.

Advantages

  • Accepts bank account deposits and withdrawals
  • Registered with New York regulators so very good reputation
  • Excellent security
  • Very low fees
  • User-friendly platform
  • Good liquidity

Disadvantages

  • Only 1 altcoin available – Ethereum
  • Verification can take a few days

So, now that you know all of the advantages and disadvantages of Gemini, in the next part of this best altcoin exchange guide, I will review Coinbase!

Compare Crypto Exchanges Side by Side With Others

Did you know?

Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

What About Coinbase?

Coinbase cryptocurrency dashboard

If you have been involved in the world of cryptocurrency for a long time, then there is a good chance you would have heard of Coinbase.

Created in 2011 and located in San Francisco, Coinbase has one of the largest trading volumes for Bitcoin. However, they also allow you to buy and sell three altcoins, which are Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH)!

The platform is really easy to use, which makes it perfect for beginners. Not only this, but they have excellent customer service, which includes phone support!

One of the main reasons that people love Coinbase is because they allow you to deposit using a debit/credit card or a bank account.

Before you get started with fiat money, you will need to verify your identity. This is straightforward, as all you need to do is provide a few personal details and then upload a government-issued ID (such as your passport).

Security is also very good, Coinbase holds 98% of customer funds in cold storage and you also have the option of setting up two-factor authentication.

Note: Cold storage is when cryptocurrencies are held offline, with no connection to the internet. This makes them extremely secure and almost impossible for criminals to steal them!

One of the main disadvantages of using Coinbase is that it is only available in a select few countries. This includes Australia, Canada, Singapore, the U.S., and most E.U. countries.

Using a debit or credit card to deposit is also quite expensive at just under 4%, however, this is normal when using this payment method. Trading fees are also very good, with Coinbase charging just above the current market rate!

Advantages

  • Very basic platform – perfect for beginners
  • Accepts debit/credit cards and bank transfer
  • Cheap trading and withdrawal fees
  • Excellent security
  • Good customer support
  • Quick and easy verification

Disadvantages

  • Expensive fees for debit/credit card deposits
  • Only 3 altcoins available
  • Only accepts users from a few countries

So, now that you know the pros and cons of using Coinbase, the next part of this best altcoin exchange review will outline the features of Kraken!

Kraken

Kraken bitcoin exchange

Kraken is very similar to Coinbase and they also have a really basic platform, making it perfect for first-time buyers! Also created in 2011, they are one of the most popular altcoin exchanges for European traders.

Unfortunately, Kraken doesn’t allow you to fund your account with a debit or credit card, however, you can use a bank account if you are living in Canada, Japan, the U.S. or in most parts of the E.U.

Just like Coinbase, you will need to verify your account before you get started. If you are only depositing with a cryptocurrency, then you just need to provide basic information. However, if you want to use your bank account then you will need to provide additional details such as your address.

When it comes to trading fees, this will depend on the amount you want to trade and also on what altcoin you want to buy. This can be as low as 0.02% or as high as 0.26%. You can check each individual fee by clicking here.

Unlike Coinbase, Kraken has a really good selection of altcoins available, including Stellar Lumens, Ripple, ZCash and more!

Although there is no phone support available, you can request help through their live chat facility. However, there does seem to be a lot of bad reviews about the quality of their customer service.

Advantages

  • Accepts bank accounts for deposits and withdrawals
  • Very good selection of altcoins
  • Low trading fees, but can be quite confusing to understand the structure
  • Good security
  • Live chat support
  • Basic interface for beginners
  • Easy verification

Disadvantages

  • No debit or credit card deposits
  • Reports of poor customer service

Don’t worry if you haven’t made a decision on which exchange to use yet, we still have a few to go! The next section of this best altcoin exchange review is going to talk about Bitstamp!

Leaving a Mark With Bitstamp

Bitstamp websites frontpage

Bitstamp was created in 2011 and was originally based in Slovenia, but they now have offices located in many different countries. The platform is actually designed for more experienced traders. So, if you are still in your early days of cryptocurrency, then it might not be the best altcoin exchange for you.

However, they do have one of the highest trading volumes in the industry, so liquidity levels are really good. Nevertheless, one of the biggest advantages of using Bitstamp is that you can deposit funds using a debit/credit card, bank account, and cryptocurrencies too.

Deposit fees are different depending on what payment method you decide to use. Here is an example of what you will pay.

Debit cards: $10

Credit cards: 5%

SEPA: Free

International wire: 0.05% (minimum/maximum - $7.5/$300)

When withdrawing by international wire, the fees are quite expensive at $15, however, SEPA is only $0.90!

Trading fees are fixed at 0.25% for each transaction, but if you trade more than $20,000 in a single month, this goes down. The more you trade, the cheaper the fees, with the lowest being 0.10% if you are able to trade more than $20 million. Which is a bit out of my budget!

Although Bitstamp now has one of the best security systems available, the exchange has been hacked more than once, with the last time being in 2015. This particular hack was so serious that the criminal stole more than 19,000 BTC. Luckily, nothing has happened since.

Although the amount of altcoins available to buy is not as much as other exchanges, you can buy Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP) and Litecoin (LTC).

One of the main disadvantages of using Bitstamp is that its verification process can be really slow. This is because they are trying to catch up from the huge number of account applications they had in December 2017! Some people have reported waits of up to two weeks, so if you are looking to start straight away, you might be best using a different exchange.

Another disadvantage of using Bitstamp is that their customer service can be really slow, with the team sometimes taking up to 3 days to reply.

Advantages

  • Accepts debit/credit card and bank transfer
  • Low withdrawal fees for SEPA
  • The good trading fee structure
  • Range of tools for advanced traders

Disadvantages

  • Long verification times
  • Only 4 altcoins available
  • Slow customer support
  • Although security is now good, has been hacked more than once
  • A platform might not be suited for beginners

So, what are your views on Bitstamp? Do they sound like the kind of exchange you want to use? If not, then read on! The next part of my best altcoin exchange review is going to discuss Poloniex.

Poloniex

Poloniex bytecoin exchange

Poloniex is a U.S. based exchange that was created in 2014 by Tristan D'Agosta. They are now one of the most popular exchanges to buy and sell cryptocurrencies and their list of altcoins is huge!

Trading volumes are also high, meaning you should never have any problems finding liquidity.

Unfortunately, one of the biggest disadvantages of using Poloniex is that it does not support fiat currencies. This means that instead of using your debit/credit card or bank account, you will need to fund your account with a cryptocurrency.

However, the good thing is that both deposits and withdrawals are free, other than the blockchain transaction fees taken to pay miners (which is normal when transferring cryptocurrencies). Like some of the other altcoin exchanges I have reviewed, their trading fees will depend on the amount you trade.

The most you will pay is 0.25%, with this being reduced to 0% if you are trading with large amounts. This is one of the reasons why Poloniex always has lots of liquidity.

Unless you are looking to trade more than $2000 per day, there are no requirements to submit identity documents, so you can start trading as soon as you open an account.

They also have a good customer service department, which includes a live chat facility for instant assistance. Furthermore, although the exchange has lots of trading tools, such as charts and graphs, the actual platform is really user-friendly.

As Poloniex is registered and located in the U.S., they actually have one of the best security systems in place. However, it is important to note that back in 2014, they experienced a big hack, where the hackers stole more than 12% of their total Bitcoin holdings.

This should remind you that no matter how good an exchange’s security is, your funds are never 100% safe.

Advantages

  • Very large selection of altcoins listed
  • Good customer service
  • S. based – have to make security a priority
  • User-friendly platform good for both beginners and advanced traders
  • Only pay blockchain fee for deposits and withdrawals
  • Trading fees are good – maximum of 0.25%
  • No verification unless trading more than $2000/day

Disadvantages

  • No fiat currency deposits and withdrawals
  • Had 12% of Bitcoin stolen in 2014

Now that you know all of the advantages and disadvantages of Poloniex, the next part of my best altcoin exchange guide is going to talk about Cex.io!

Cex.io

CEX.IO bitcoin exchange platform

Cex.io was launched in 2013 and is based in the UK. During their first two years of trading, they were both an exchange and a mining pool. However, since 2015, they have been 100% focused on their trading platform, let's explore if CEX has the potential to be called the best altcoin exchange.

One of the best features of using Cex.io is that you can deposit and withdraw funds using a bank account. If you are based in the E.U then you can use SEPA, but you must use international wire if you're based elsewhere.

There is a good number of different altcoins that you buy on Cex.io, with new ones being added all the time.

It is important to understand that the CEX.io trading system is slightly different from the other exchanges I have reviewed so far. This is because they process orders similar to a “fill or kill” trade.

A fill or kill trade is where the buyer either gets what they ask for, or the order is canceled. For example, if Peter wants to buy 500 ETH at $600 per ETH, the trade will only go through if Peter is able to get the entire amount at that price. Otherwise, the order will be canceled!

If you are only trading low amounts, this shouldn’t be a problem as there will always be enough liquidity to fill your order!

To deposit using fiat, you will need to complete a verification process. This includes uploading your ID and then sending them an image of you holding the ID! It normally takes Cex.io two days to verify your ID, so if you want to buy straightaway you might need to consider using a different exchange.

Depositing with a debit/credit will cost you 3.5%, but bank transfers are free! Withdrawal fees depend on which currency and payment method you use — click this link here to view the structure. Trading fees are quite expensive at Cex.io, as you will need to pay 7% on top of the current market price.

As a UK based company, security at Cex.io is very good and the majority of funds are held in cold storage.

Advantages

  • Accepts debit/credit cards and bank account
  • Good selection of altcoins
  • The UK based so excellent security

Disadvantages

  • High trading fees at 7%
  • Slow verification which can take up to two days
  • No phone or live chat support

It’s now time for my final best altcoin exchange review, which is going to be BitSquare!

BitSquare

BitSquare cryptocurrency trading platform

BitSquare is slightly different from the other exchanges I have reviewed so far as it is a decentralized exchange. This means that, unlike the others, there is no third party between the buyer and seller and no single authority has control over the network. Most importantly, the exchange never holds your funds.

First launched in 2016, BitSqaure allows users to not only exchange crypto-to-crypto-, but also crypto-to-fiat. There is no need to supply an ID or even any personal details, which allows you to trade anonymously! So, let's see if BitSquare could be the best altcoin exchange.

Once you have downloaded the software on to your device, you can buy and sell a good selection of altcoins such as Litecoin and Dash.

There are more than 20 different payment options available, such as a national bank transfer, SEPA, OKPay, and even cash deposit. Furthermore, if you use the third party payment processor Perfect Money, you can use your debit or credit card!

The trading fee system is quite complicated and depends on how much you plan to trade. According to their FAQ page, the minimum fee starts at 0.00005 BTC.

Because you are trading peer-to-peer, there are no deposit or withdrawal fees other than the blockchain transaction fee.

Although the platform interface looks very clear, it might take some time before you get used to the decentralized aspect of trading. This is why it might not be best suited for beginners. So, if it is your first time using BitSquare, make sure you start off with a small amount!

Advantages

  • Decentralized, so nobody holds your funds
  • Excellent security
  • A wide selection of altcoins
  • Excellent range of fiat payment methods
  • No identity verification – anonymous trading

Disadvantages

  • The complicated trading fee structure
  • The platform can be confusing for first-time traders

Table of Comparison

I have created a comparison table below of all of the exchanges mentioned above. This might make it easier for you to compare the above exchanges and help you decide the best place where to buy altcoins.

  Fiat Deposits Trading Fees User-Friendly? Security Altcoin Availability
Gemini Bank Account It depends on volume. Max = 0.025% Very Excellent Only Ethereum
Coinbase Debit Card & Bank Account Just above market rate Very Excellent uses cold storage Ethereum, Litecoin & Bitcoin Cash
Kraken Bank Account 0.02% - 0.26% Very Excellent use of cold storage Many Available
Bitstamp Debit Card & Bank Account 0.10% - 0.25% For Advanced Traders Hacked more than once 4 Available
Poloniex No fiat deposits 0% - 0.25% OK Good now, but was hacked in 2014 Many Available
CEX.io Debit Card & Bank Account 7% above market rate For More Advanced Traders Excellent use of cold storage Many Available
BitSquare More than 20 - Including Debit Card & Bank Account Depends on trading volume For Advanced Traders Excellent - Decentralised Many Available

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Conclusion

And that’s the end of my Best Altcoin Exchange guide!

I understand that it can be really difficult to pick a specific one, as they all have their own advantages and disadvantages! But at least you now know the best places where to buy altcoins and how to buy altcoins with USD.

And while some are perfect for beginners, others are good if you're looking to trade anonymously.

This is why I personally use more than one exchange. Sometimes I need an altcoin exchange that accepts debit card deposits, but other times I look for lower trading fees – it all depends on my trading goals!

Anyway, if you read my guide from start to finish, you should now have a good idea of the good and bad points of each of these popular exchanges! Maybe you know a better place to buy altcoins which I haven’t listed here? If so, let me know in the comments below what is your best altcoin exchange!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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Recent Best Altcoin Exchange User Reviews

J. M.

4.8/5.0 - CEX User
09/02/2024

varying fees

for small sum trading CEX is one of the best in terms of low fees! but I often trade in high quantities and larger than average sums, so the fees add up and I end up paying a fortune...

Evaluation

Price value
Ease of Use
Experience
Features
Safety

E. Kramer

5.0/5.0 - Coinbase User
16/02/2024

Never had issues

I can happily vouch for the security on Coinbase. Had to seet it to believe it, no issues to this day. The sertifications they have acieved only add to the trust!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

I. G.

4.6/5.0 - Bitstamp User
06/01/2024

wallet

Had no security issues so far, but wouldnt trust the integrated wallet function

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Linzi Dawson

5.0/5.0 - Huobi User
07/01/2024

All I need

The functions are enough for my current needs..A very good Bitcoin trading platform!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Taya D.

4.4/5.0 - Bitstamp User
10/01/2024

Good app

The app is easier to use and the fees are on the lower end, it's a shame that the trading optios are soo limited :/

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Ramone Preston

4.0/5.0 - Bybit User
10/12/2023

Wonderful platform

Wonderful platform, but the support is failed and despicable, there is no response at all

Evaluation

Price value
Ease of Use
Experience
Features
Safety

F.Atkins

5.0/5.0 - Coinmama User
10/01/2024

Easy to use

Very accessible due to fiat payments, not many exchanges offer this option...

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Saarah D.

5.0/5.0 - Binance User
25/01/2024

GREAT platform

LOVE this exchange platform!!!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

K Meadows-Davila

4.6/5.0 - Bitstamp User
03/12/2023

wallet

easy to purchase with fiat money, but after every trade i withdraw everything for free to my wallet outside of the platform.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

MuAddict

4.0/5.0 - Huobi User
02/12/2023

Good content

The content of article is amazing

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Jules Regan

4.2/5.0 - Bybit User
08/01/2024

Hard

The platform is hard to use for beginner like me

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Enrique1673

5.0/5.0 - KuCoin User
19/12/2023

Web over app trading

Great interface and user experience, it's great for trading on the go. However, i do prefer web trading over the app...

Evaluation

Price value
Ease of Use
Experience
Features
Safety

harvir

5.0/5.0 - CEX User
09/02/2024

margins

not many exchanges allow margin trading, that was the main selling point for me

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Amalia Th

5.0/5.0 - CEX User
04/02/2024

Good choice

Have been using this exchange for a long time and no major issues have occured. The info on their support section eliminated my concerns

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Jaeger

4.2/5.0 - Huobi User
05/12/2023

ads issue…

Been using for a while. So far so good. Sometimes the popup ads get stucked which is annoying, have to restart the app

Evaluation

Price value
Ease of Use
Experience
Features
Safety

yasin rich

4.8/5.0 - CEX User
08/12/2023

APP

I prefer the web exchange over the app. Need time to analyse the charts and compare, while the mobile app can be a great alternative for short period of time it can only a fraction of information at a time. I know some people trade solely on the app, but I think it's not for me.

Evaluation

Price value
Ease of Use
Experience
Features
Safety

R.B.

4.6/5.0 - KuCoin User
10/02/2024

Not great for me

Many cryptos to choose from, but i can't buy with my local fiat money

Evaluation

Price value
Ease of Use
Experience
Features
Safety

R Matthews

5.0/5.0 - KuCoin User
18/01/2024

A lot of options

A lot of freedom in terms of deposit and withdrawl options, other exchanges allow only few

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Cadi Farr

5.0/5.0 - Coinmama User
27/02/2024

Enough as it is

My first exchange, was disappointed because of the low amount of cryptos they offer, but now it makes sense!

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Mario Ruiz

4.0/5.0 - Bitfinex User
29/02/2024

So far so good

Been trading in bitfinex sinse early 2020 and the experience has been good so far

Evaluation

Price value
Ease of Use
Experience
Features
Safety

Leave your honest Best Altcoin Exchange review

Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All reviews, either positive or negative, are accepted as long as they’re honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

FAQ

What is the best altcoin exchange?

Many of the best altcoin exchanges are going to be the same as the best crypto exchanges in the industry, overall. These would include the likes of Binance, KuCoin, and Kraken. The actual best option for you will depend on your own, personal situation, as well as a few other variables!

How are altcoin exchanges different from any other crypto exchange?

To put it frankly, the best altcoin exchanges don't really differ all that much from the best crypto exchanges, in general. As you might notice, there's a lot of overlap! However, when it comes to altcoin exchange platform, the number of supported crypto assets on that particular exchange becomes a very important metric!

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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