TOP 15 BEST CRYPTO EXCHANGES IN 2024

Are there any Crypto exchanges reputable? This is a very sought-after question for those new to Bitcoin investing. In the following article, BHO Network will summarize the top 15 leading trusted Crypto exchanges in Vietnam and the world. Follow along!

1. Functions of Crypto exchanges

On exchanges, cryptocurrencies are listed with specific information about prices, price movements, and market charts. This is where investors trade, buy and sell. These investors often have the common goal of making a profit.

Cryptocurrencies are evaluated based on three main factors: buying and selling volume, issuer, and economic and political information. There are over 400 exchanges worldwide (according to Coinmarketcap). The largest and most reputable cryptocurrency exchange is still Binance (China).

2. Top 15 best Crypto exchanges in 2024

2.1 Binance exchange

Binance is a cryptocurrency exchange that originated in China and was established in 2017. Currently, the exchange has surpassed many competitors to occupy the top position. In Vietnam and many countries worldwide, Binance is known for its credibility and efficiency.

Pros:

• Compatible with popular operating systems such as mobile phones and desktop computers.
• A friendly interface helps increase user experience.
• The most popular cryptocurrencies supported are 253 coins.
• There are many trading pairs: 865 pairs.
• Quick list of new cryptocurrencies.
• Free recharge.
• High liquidity.
• Highest trading volume, you can buy and sell coins at any time.
• Fast transaction speed, order processing volume of 1.4 million orders/second.
• With a professional support team, the system is always safe and reliable.
• The issued coin in its exchange is Binance Coin (BNB).
• The transaction fee is only 0.1%, and the usage of BNB coins will be reduced by 25%.
• Support for mobile trading applications compatible with two platforms: IOS and Android.
• There are various products such as mortgages, futures, and options.
• You can buy Binance 2P cryptocurrency with VND.
• Provide SAFU (user insurance fund, limit the situation of the exchange being hacked).
• Support users with professional staff.
• Live chat in Vietnamese.

Cons:

• Due to the large trading volume, the exchange is sometimes slow to operate.
• Often targeted by hackers as it is a well-known exchange.

2.2 Bitget exchange

Established in 2018, Bitget is the world's leading company in cryptocurrency trading and Web3. Today, Bitget serves over 25 million users in over 100 countries and regions with over 750 crypto assets, $10 billion in daily trading volume, and a $500 million hedge fund to secure safe for users, making Bitget the largest cryptocurrency exchange by copy trading products and top 5 globally. Furthermore, Bitget is a leading copy trading platform with over 150,000 elite traders whose trades are ready to be copied right on the platform.

Pros:

• Compatible with popular operating systems such as mobile phones and desktop computers.
• Friendly interface, increasing user experience.
• Open trading of many popular coins such as BTC, ETH, BGB and many hidden gem projects such as: TON
• Top up for free.
• High liquidity.
• Proof of public reserve
• With a professional support team, the system is always safe and reliable.
• There are separately issued currencies: BWB (Bitget Wallet's currency) and BGB (Bitget's own currency).
• Low transaction fees
• Supports mobile trading applications compatible with two platforms: IOS and Android.
• There are diverse products such as mortgages, futures contracts, options...
• You can buy cryptocurrencies OTC with Bitget P2P
• Protect user assets with the Bitget Protection Fund
• Support users with professional staff.
• Bitget Launchpool, PoolX, CandyBomb: places for users to earn extra income through staking rewards or completing tasks

Cons:

• Requires KYC to be able to trade.

2.3 Bybit exchange

Bybit is a cryptocurrency derivatives exchange that offers trading in various perpetual contracts, including Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies. The platform is designed to serve both professional traders and retail investors, offering advanced trading tools and features.

Pros:

• User-friendly interface: Bybit offers an intuitive and easy-to-navigate interface, making it accessible to both beginners and experienced traders.
• High liquidity: The exchange offers high liquidity, ensuring transactions can be executed quickly and at competitive prices.
• Leverage Trading: Bybit allows users to trade with leverage, up to 100x on certain contracts, which can amplify potential profits.
• Advanced Trading Tools: This platform offers a variety of advanced trading tools, including charting software, technical indicators, and risk management features.
• Security: Bybit uses strong security measures, including cold storage for funds, two-factor authentication (2FA), and regular security checks.
• Customer Support: Bybit offers 24/7 customer support through live chat and email, ensuring that users can get support whenever needed.
• No KYC for basic accounts: Bybit allows users to trade without mandatory KYC (Know Your Customer) verification for basic accounts, providing a level of privacy.

Cons:

• Limited spot trading: Bybit mainly focuses on derivatives trading and offers limited options for spot trading, which may not appeal to all users.
• Regulatory concerns: Like many cryptocurrency exchanges, Bybit faces regulatory scrutiny in various jurisdictions, which could impact its operations.
• Limited fiat support: Bybit has limited support for fiat deposits and withdrawals, which may be inconvenient for users who want to convert their crypto to fiat.
• Geographic restrictions: Bybit is not available in certain countries, including the United States, due to regulatory restrictions.

2.4 BingX exchange

BingX, formerly known as Bingbon, is a global digital asset trading platform founded in 2018. It is headquartered in Singapore and has expanded its services to various regions, including Asia, Europe and North America. BingX supports a variety of cryptocurrencies and offers a variety of trading options to cater to different trading needs.

Pros:

• User-friendly interface: BingX offers an intuitive and easy-to-navigate interface, making it accessible to beginners.
• Copy Trades: One of the standout features of BingX is the copy trade function, which allows users to follow and copy the trades of experienced traders.
• Wide range of cryptocurrencies: BingX supports a wide selection of cryptocurrencies, providing users with a variety of trading options.
• Security: The platform uses strong security measures, including two-factor authentication (2FA) and cold storage for funds, to ensure the safety of user assets.
• Low fees: BingX offers competitive trading fees, which can be attractive to frequent traders.
• Educational Resources: The platform offers various educational materials and resources to help users improve their trading skills and knowledge.

Cons:

• Limited fiat support: BingX has limited fiat deposit and withdrawal options, which may be inconvenient for some users.
• Regulatory uncertainty: Like many cryptocurrency exchanges, BingX operates in a regulatory gray zone in some regions, which can pose risks for users.
• Customer support: Some users have reported issues with the responsiveness and efficiency of BingX customer support.
• Liquidity: Although BingX has grown significantly, it may still have less liquidity than some larger and more established exchanges.
• Geographic restrictions: BingX may not be available in certain countries due to regulatory restrictions, limiting its accessibility to some users.
• Overall, BingX is a flexible and user-friendly exchange with unique features like copy trading, but it also has some limitations that potential users should consider.

2.5 OKX Exchange

OKX was established in 2014 with an investment of millions of dollars. Compared to Binance and Huobi, the development of OKX in the Vietnam market is not so strong. However, this exchange is still highly appreciated and trusted by users.

Pros:

• It supports a wide range of trading products.
• Professional and safe security system.
• Low transaction fees, only from 0.1%.
• Optimum flow, high capacity.
• Grow your coin, OKB.
• It works well on mobile devices.
• Multiple trading pairs are supported.
• Support team 24/24 and development on Telegram community.

Cons:

• Although OKB has been used, it still does not reduce the cost.
• A complicated interface annoys users.
• Transferring money back and forth between platforms is very confusing.

2.6 Coinbase exchange

Coinbase is well known and thriving in the US. The exchange is owned by the company Coinbase.com, which is safe and secure under the supervision of US law enforcement agencies.

Pros:

• It has a professional trading interface.
• Support stop-limit orders to help traders trade better.
• Coin-to-fiat transactions are supported.
• No withdrawal/deposit fees.
• It has a large trading volume and high liquidity.
• 98% of customer assets are stored in cold wallets.
• The exchange applies advanced technology, 2FA security features, and email verification to ensure the safety of customer information.

Cons:

• Not yet supported for Vietnamese users.
• The transaction fee is relatively high, from 0.1% to 0.3%.
• Support quite a few coins and tokens.
• Margin trading is not supported.

2.7 Bithumb exchange

Since its launch, Bithumb has become a world-famous cryptocurrency exchange. Bithumb has won the trust of customers with high transaction volume. Bithumb exchange has a high number of transactions

Pros:

• Friendly interface, easy to use.
• It supports many languages ​​in the world.
• The low cost is 0.1%.
• The trading volume is relatively high.
• No deposit is required.
• Fast deposit/withdrawal speed.
• Smooth website, quick page loading, elevated experience.
• The high-security system ensures the safety of customer information and transactions.
• Suitable for crypto novices and advanced traders.
• Customer support 24/7 live on the chat box and phone.

Cons:

• Liquidity is not high.
• A small number of coins and coins are supported.
• Telegram is not supported.
• There is no stop-loss order.

2.8 BitMart exchange

BitMart was founded in March 2018 and is headquartered in the Cayman Islands; most employees are from China. This cryptocurrency exchange is now licensed by the US Financial Crimes Enforcement Network (FinCEN). Therefore, it offers cryptocurrency trading services in many countries.

BitMart is built on Google Cloud, using distributed computing services from Google Spanner and BigTable to improve security. The advantages of this platform over competitors are 0% transaction fees, transaction speed, cross-platform support, and an easy-to-use interface.

However, BitMart still has some limitations, such as no margin trading. Users who want to withdraw from the exchange must verify their identity (KYC) and limit the number of deposits/withdrawals.

According to the BitMart announcement, the platform now conducts the equivalent of $576 million daily digital currency transactions. The platform's token is BMX, which runs on the Ethereum blockchain and is currently priced at $0.19. BitMart presently supports many languages ​​compared to other platforms, including Vietnamese.

2.9 Kraken exchange

Kraken is the exchange that provides the two most popular cryptocurrencies: Bitcoin and Ethereum. Individuals and large financial institutions highly invest in the exchange. Kraken is popular in many countries, including Vietnam.

Pros:

• Fast and secure transaction.
• High liquidity.
• The cost is relatively low: 0.16% for the seller and 0.26% for the buyer.
• Use cold storage to keep customers' money safe.
• Various coins, from common to rarely used, are supported.
• Developed mobile applications compatible with the iOS platform.
• The website can be accessed on any device.
• Reserve audits are cryptographically confirmed.
• Use financial leverage up to x5 products.

Cons:

• Some Kraken accounts were hacked in 2016.
• No compatible Android apps.

2.10 Kucoin exchange

Kucoin is a Cryptocurrency exchange developed in China, which is currently headquartered in Hong Kong and is gradually expanding internationally. This exchange is relatively safe and reputable. So far, there have been no serious attacks on the KuCoin system.

Pros:

• Low transaction and withdrawal costs.
• User-friendly interface.
• Own many popular altcoins.
• You can buy cryptocurrencies with fiat.
• No KYC verification when staking and earning high profits from Cryptocurrencies.
• The professional consulting team supports online via Facebook, email, and live chat 24/7.

Cons:

• No fiat trading pairs are available.
• Bank deposits are not supported.
• A bit complicated for new users.

2.11 MEXC exchange

MEXC Exchange (formerly MXC) was established in Singapore in April 2018. The founding team is leading Japanese and European blockchain experts. Compared to other crypto exchanges, MEXC Global supports a much larger number of tokens, 850, and is constantly being updated.

However, this platform also contains many "junk" coins – the term for newly created and lesser-known digital currencies. According to MEXC Global, the company's platform currently has more than 6 million active users from more than 200 countries worldwide, with a daily trading volume of more than $900 million. MEXC now supports many similar trading features as Binance but with a more complex interface.

In addition, some investors commented that the system has many errors when trading, especially in the web version, such as "stuck" in some deposit and withdrawal functions. MEXC Global currently supports many languages, including Vietnamese.

In addition to the web version, the platform also has apps for iOS and Android. The primary token of MEXC Global is MX, currently priced at $0.38.

2.12 Huobi exchange

Huobi (HTX) exchange is currently a serious competitor to Binance Vietnam. This cryptocurrency exchange was listed on May 15, 2013, and is popular in Korea, Japan, Hong Kong, Vietnam, and many other countries.

Pros:

• Friendly interface, easy to use, increased user experience.
• Compatible on two popular platforms: mobile and desktop.
• 287 cryptocurrencies and 772 trading pairs are supported.
• High liquidity.
• It has its trading currency (Huobi Token), second only to Binance Coin on Binance Exchange.
• Fast transaction speed and powerful trading platform
• When using HT, you will get 25% off transaction fees.
• High security because it is built with advanced anti-DDOS technology.
• Safe for users as most customer funds are stored in offline wallets.
• The largest trading volume is second only to Binance.
• Margin trading with up to 3x leverage.
• All countries have professional support teams.

Cons:

• The 0.2% transaction fee is higher than the common denominator.
• Having too many domains can confuse users when they visit a website.
• It takes a long time to withdraw large amounts due to manual confirmation.

2.13 KCEX exchange

KCEX is a centralized exchange (CEX) that provides a platform for users to trade a variety of cryptocurrencies. It aims to provide a safe, efficient and user-friendly trading experience. The exchange supports many different trading pairs and offers features such as spot trading, margin trading, and futures trading.

Pros:

• Wide range of cryptocurrencies: KCEX supports a diverse range of cryptocurrencies, allowing users to trade a variety of digital assets.
• User-friendly interface: The platform is designed to be intuitive and easy to use, making it accessible to both beginners and experienced traders.
• Transaction fees: KCEX's transaction, withdrawal and deposit fees are the lowest among all exchanges.
• Security measures: KCEX deploys robust security protocols to protect users' funds and personal information, including two-factor authentication (2FA) and cold storage for assets.
• Advanced trading features: The exchange offers advanced trading options such as margin trading and futures, catering to more experienced traders.
• Customer Support: KCEX offers customer support to assist users with any issues or questions they may have.

Cons:

• Regulatory Risk: Centralized exchanges are subject to regulatory oversight and changes in regulations, which may impact their operations..
• Geographic restrictions: KCEX may have restrictions on users from certain countries, limiting its ability to reach a global audience.

Overall, KCEX offers a comprehensive trading platform with many features, but users should be aware of the inherent risks associated with centralized exchanges.

2.14 WOO X exchange

WOO X is a centralized cryptocurrency exchange platform that is part of the WOO Network ecosystem. It aims to provide deep liquidity, low fees and a seamless trading experience for both retail traders and institutional investors. The platform is designed to meet a variety of trading needs, offering spot trading, futures trading and other financial products.

Pros:

• Deep liquidity: WOO X benefits from the liquidity provided by WOO Network, which aggregates liquidity from various sources, ensuring tight spreads and minimal slippage for traders.
• Low Fees: The platform offers competitive trading fees, and users can further reduce fees by holding and using WOO tokens.
• Advanced Trading Features: WOO X offers a variety of advanced trading features and tools, including futures trading, margin trading, and various order types.
• Security: The exchange uses strong security measures to protect users' funds and data, including multi-signature wallets and cold storage.
• User-friendly interface: The platform is designed to be intuitive and easy to use, catering to both new and experienced traders.
• Staking: Users can stake WOO tokens to earn rewards and enjoy additional benefits such as reduced fees and higher withdrawal limits.

Cons:

• Regulatory risks: As a centralized entity, WOO X is subject to regulatory oversight and potential changes in the regulatory environment, which could impact its operations.
• Limited fiat support: This platform may have limited support for fiat currencies, which may be a drawback for users looking to deposit or withdraw fiat directly.
• Market Competition: WOO X faces stiff competition from other reputable centralized exchanges, which could impact its market share and growth prospects.
• Dependence on WOO token: The platform's fee and reward structure is closely tied to the WOO token, which can be detrimental if the value of the token fluctuates significantly.

Overall, WOO X aims to provide a comprehensive trading experience, focusing on liquidity, low fees, and advanced features, but it also faces the typical challenges of centralized exchanges.

2.15 Gate.io Exchange

Gate.io is one of the oldest cryptocurrency exchanges in China, which Gate Technology Inc. of America manages. Gate.io transactions are mainly conducted on the website. In addition, Gate.io also supports functions such as placing orders, recording transaction history and displaying maps.

Pros:

• User transactions are done securely in a high-security system.
• Various trading platforms are supported.
• There are many incentives and attractive commission policies.
• It offers a friendly interface with a beautiful, high experience.
• Mobile application development.
• This high-quality trading platform has a long history and a good reputation.

Cons:

• The staff is not professional.
• The transaction fee is relatively high at 0.2%.
• Although the system is highly secure, it is still targeted by the hackers.
• The KYC process is more complicated than other exchanges.

Above is the information about the Crypto exchange that BHO Network aggregates. Hopefully, the knowledge in this article will help you choose a reputable exchange easier. If you have any questions, please visit the website https://bho.network to get the answer as soon as possible!