The cryptocurrency industry is booming in 2021, with more people looking for ways to get involved in the digital asset sector. As the demand for cryptocurrency increases, so do the opportunities for people to make money from the sector. One of the most popular ways to make money from the cryptocurrency market is through trading platforms.

With cryptocurrency trading platforms, you can access a wide range of cryptocurrency assets from a single source and with a few clicks. You can trade using a variety of strategies, such as scalping, day trading, swing trading, technical analysis, and many more.

What are the Best Cryptocurrency Trading Platforms in 2023?

In this updated list of the Top 8 Best Cryptocurrency Trading Platforms for 2023, we will look at the features and benefits of each platform, as well as the pros and cons that you should consider before choosing the best one for you.

1. Binance

About Binance (History & Background)

Binance is one of the leading cryptocurrency trading platforms. It was founded in 2017 by Changpeng Zhao, who announced the launch of the platform in July of that year.

Binance has grown to become one of the largest cryptocurrency exchanges in the world, with more than 180 million users in over 190 countries.

Features of Binance

Binance offers a wide range of features to its users, including multiple cryptocurrency trading options, margin trading, an advanced user interface, and a wide range of cryptocurrencies.

The user interface of the platform is designed to be easy to use and understand, even for beginners. The platform also offers access to a range of advanced trading options, such as limit orders, stop loss orders, and margin trading.

Pros of Binance

The main advantage of using Binance is its advanced trading options, which make it a great choice for those who want to start trading cryptocurrencies.

The platform also offers access to over 200 cryptocurrencies and allows users to trade using a variety of strategies. In addition, Binance is one of the most secure exchanges, with advanced security measures in place to protect users’ funds.

Cons of  Binance

The main disadvantage of Binance is its high fees, which can be quite costly for smaller traders. The platform also has relatively low liquidity, which can be a problem for those who want to trade large amounts of cryptocurrency.

In addition, the platform is only available in English, which can be a problem for those who speak other languages.

2. Coinbase

About Coinbase (History & Background)

Coinbase is one of the oldest and most established cryptocurrency exchanges. It was founded in 2012, and has since grown to become one of the largest cryptocurrency exchanges in the world.

The platform is available in over 100 countries and supports multiple cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Features of Coinbase

Coinbase provides a wide range of features to suit the needs of all its users. From advanced charting tools to a library of educational resources, Coinbase has everything you need to get started with crypto trading.

Coinbase also offers a secure wallet for storing your digital assets.  The platform has been in operation for over five years, so you can be sure that it will continue to offer reliable services for the foreseeable future.

Pros of Coinbase

Coinbase is an incredibly user-friendly platform that offers a wide range of features to suit crypto traders of all levels.

The platform is also highly secure and its customer service team is always available to help out. The fees charged by Coinbase are also quite reasonable, making it an attractive option for those who are looking to trade crypto on a budget.

Cons of Coinbase

The main downside of Coinbase is that it only supports a limited selection of cryptocurrencies. Although the platform offers a wide range of features, the lack of support for some of the more obscure coins may be a dealbreaker for some users.

Additionally, Coinbase charges some fees for certain transactions, which may not be attractive for those who are looking for the cheapest way to trade crypto.

3. Shakepay

About Shakepay

Shakepay is one of the few cryptocurrency trading platforms that has been around for a while and has established a strong presence in the digital currency markets.

The platform was launched in 2015 by Jean Amiouny in Montreal, Canada, and raised $1.6 million in venture capital in 2016. It has since become one of the most popular digital currency trading platforms in the world.

Features of Shakepay

Shakepay is a digital currency trading platform that allows users to buy and sell Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Shakepay has a simple and user-friendly interface that allows users to quickly get started trading cryptocurrencies.

The platform also offers a variety of features such as the ability to securely store cryptocurrencies, direct deposits and withdrawals, and a built-in wallet. In addition, Shakepay has a wide variety of payment options, including Interac e-Transfers, Credit/Debit cards, and SEPA transfers.

Pros of Shakepay

It allows users to buy and sell cryptocurrencies without the need for a third-party service. The platform also has a variety of features that users find helpful such as instant deposits and withdrawals, low fees, and an easy-to-use mobile app.

Shakepay also provides users with a variety of payment options such as Interac e-Transfers, Credit/Debit cards, and SEPA transfers.

Cons of Shakepay

Shakepay does not offer a wide variety of cryptocurrencies. Currently, Shakepay only supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The platform does not offer margin trading, which is a type of trading that allows users to borrow money to trade with.

4. Bit.com

About Bit.com (History & Background)

Bit.com was founded in 2018 as a secure and easy-to-use cryptocurrency trading platform for people to buy, sell, and store digital assets.

The founders of the platform saw a need in the market for an intuitive trading platform that was built on the principles of transparency and security.

This has been a driving force behind the development of the platform, as the founders strive to make sure that the platform is secure, reliable, and efficient.

Features of Bit.com

The main feature of Bit.com that makes it stand out from other cryptocurrency trading platforms is its intuitive user interface. The platform’s user-friendly design provides a seamless experience when trading digital assets, making it easy for even beginners to use.

Additionally, the platform is constantly adding new features and updates to provide users with an engaging and dynamic experience.  Another key feature of Bit.com is its advanced trading tools.

These tools provide users with detailed information on the market, allowing them to make informed decisions about their trades. The platform also provides users with real-time data and analytics to help them stay ahead of market movements

Pros of Bit.com

The main advantage to using Bit.com is its security. The platform is secured by industry-leading encryption technology, making sure that users’ funds and data are safe from malicious actors.

Additionally, the platform also supports two-factor authentication and other measures to ensure user security. It has competitive trading fees. The platform has some of the lowest fees on the market, making it an attractive option for traders looking to maximize their profits.

Cons of Bit.com

A potential drawback of Bit.com is its lack of support for some cryptocurrencies. The platform currently only supports the major cryptocurrencies, though the team is constantly looking to add support for more digital assets.

Additionally, the platform does not provide users with a mobile app, meaning that users can only access the platform from their desktop or laptop. This can be a bit of a hindrance for users looking to trade on the go.

5. Crypto.com

About Crypto.com (History & Background)

Crypto.com is one of the leading cryptocurrency trading platforms, with a reliable and secure infrastructure, and a host of unique features. Launched in 2019, the platform is already trusted by millions of users around the world.

Crypto.com has its roots in the traditional finance industry, and the company has invested heavily in technology to create the ultimate trading experience. It is powered by the Crypto.com Chain network, which is capable of handling millions of transactions per second.

Features of Crypto.com

As well as traditional trading, Crypto.com offers a range of unique features that sets it apart from other platforms. Crypto.com has an integrated wallet that allows users to store and manage their coins, as well as an exchange to facilitate trading. The platform also supports a range of fiat currencies, such as USD, EUR, and GBP.

There are also a number of features to make trading on Crypto.com more convenient and secure. The platform offers margin trading, stop-loss, and take-profit options, and advanced charting tools. Crypto.com also has a dedicated customer support team to provide assistance with any issues.

Pros of Crypto.com

The main pros of trading on Crypto.com include the competitive fees, secure infrastructure, range of payment methods, and integrated wallet. The platform also offers staking, which is a great way to earn passive income.

Cons of Crypto.com

On the other hand, Crypto.com does have some drawbacks. Firstly, it does not offer trading in a wide range of cryptocurrencies. Furthermore, the fees for trading are higher than on other platforms. Finally, the customer support team is not always responsive.

6. Phemex

About Phemex (History & Background)

Phemex was created by a team of former Morgan Stanley analysts who wanted to bring the same level of financial sophistication to the world of cryptocurrency trading.

The platform is headquartered in Singapore and is registered with the Singapore Exchange. Phemex is regulated by the Monetary Authority of Singapore, which ensures its safety and security.

Features of Phemex

Phemex offers an array of features to help traders make the most of their trades. The platform features more than 100 trading pairs, including both major cryptocurrencies and altcoins.

Phemex also provides users with advanced trading tools such as limit orders, stop-loss orders, and margin trading. Additionally, users have access to a variety of charting tools to help them make informed trading decisions.

Pros of Phemex

Phemex is a safe, secure, and reliable platform for trading cryptocurrencies. The company’s focus on security and low fees has earned it a great reputation in the industry. Additionally,

Phemex offers competitive fees and spreads, which can help traders save money. The platform also has a simple user interface that makes it easy to use, even for beginners.

Cons of Phemex

One of the main drawbacks of Phemex is that it does not offer a wide variety of coins. Furthermore, the platform’s mobile app is limited in features and only available for iOS users.

Finally, Phemex does not have a referral program, which could be useful for people who want to introduce their friends to the platform.

7. BitMart Exchange

About BitMart Exchange (History & Background)

BitMart Exchange was launched in 2018 by the company BMX Technology, which was founded by Sheldon Xia. BMX Technology has been involved in the blockchain space since 2012 and is a trusted name in the industry.

BitMart Exchange has offices in the US, Spain, China, Thailand, and Estonia, and is registered in the Cayman Islands. It is one of the largest crypto exchanges in the world, with over 2.5 million users from more than 100 countries.

Features of BitMart Exchange

BitMart Exchange has a variety of features that make it an attractive trading platform for users. It offers a range of trading pairs, including BTC/USD, ETH/USDT, and LTC/USDT.

It also provides users with real-time market data, advanced order types, and margin trading. BitMart also has a mobile app and API, which allows users to easily access their accounts on the go.

Pros of BitMart Exchange

BitMart Exchange is one of the most secure trading platforms in the crypto space, as it uses cold storage, two-factor authentication, and KYC/AML protocols.

It is also very user-friendly, with an intuitive interface that is easy to navigate. The platform supports a wide range of altcoins and has some of the lowest trading fees in the industry.

Cons of BitMart Exchange

Although BitMart Exchange has many advantages, there are some drawbacks that should be considered.

It does not support fiat currencies, which can be inconvenient for some users. Additionally, its customer support is not as comprehensive as other exchanges, and there have been some reports of slow withdrawal times.