It is a common effort to find the best exchanges available around the world. As regulations change, available options change as well. As features develop, certain exchanges may become more alluring than others. However, to others, it's simply a matter of fees. Thus, these are the criteria we used to describe a centralized exchange as 'the best'. Hence, if you feel like something is missing from this article, please leave it in the comments below or reach out via social media. Thus, we are constantly updating our definitions and can incorporate your idea of the best crypto exchanges into this comparison. Consequently, this article will discuss the major cryptocurrency exchanges. Furthermore, there is no order as to which one is the best, it's simply a comparison of the best exchanges available to allow you to choose.

Binance

Firstly, let's discuss Binance, it is globally known as one of the biggest cryptocurrency exchanges globally. Furthermore, it's famous for being one of the oldest exchanges available for trading in the crypto space with some of the highest trading volumes. Also, binance is long known and is well-used throughout the world (even in places where banking services are suboptimal). Therefore, we decided to incorporate it into the list.

✅ Pros	🚫 Cons
The ecosystem allows for the seamless transfer of cryptocurrencies	De-anonymizing the blockchain through the KYC verifications
Most used cryptocurrency exchange (therefore large volume)	Does not list smaller cryptocurrencies/tokens
Low fees for bitcoin	Takes time for features to evolve
Offers binance card for seamless spending of cryptocurrency with perks	Facilitates the tracking of transactions thus de-anonymizing the entire crypto ecosystem
Investment opportunities (such as staking, dual investments) & Bots	Low-interest rates
Accepts many currencies such as USD, EUR, GBP, UAH, BHD, ZAR, BRL, and AUD.

Kucoin

Secondly, Kucoin's aim is to decentralize its centralized by opening it up to the community with its own EVM-compatible blockchain. Therefore, it is rapidly growing and setting a name for itself. Furthermore, Kucoin empowers the community with cutting-edge technologies such as its trading bots. Thus, we have decided to list Kucoin in this article.

✅ Pros	🚫 Cons
Rapidly growing and relatively large volume across markets	Low volume on some pairs
High-interest rates available through Lending & Staking	No Kucoin Card available for seamless spending of cryptocurrency
Highly innovative and quick to market	Low usage of KCC (Kucoin Community Chain)
Cutting-edge bots and technology	Higher fees than binance for BTC pairs
No KYC requirement when fiat money is not involved	Not as big as binance in terms of customer basis, therefore, has a much lower volume in general
Fractionalized NFTs offered	OTC trading is not offered
Cloud Mining offered
Low fees & many coupons offered
Accepts over 600 cryptocurrencies and tokens

Coinbase

Thirdly, Coinbase is well known as one of the best crypto exchanges in the United States, as it was among the first to regulate itself. Therefore, Coinbase is among the few publicly listed cryptocurrency exchanges available on the US stock exchange. Furthermore, this has bolstered the growth of Coinbase amongst institutional investors.

✅ Pros	🚫 Cons
Large trading volume	High trading fees
Lots of users	No ecosystem or special features are offered other than their centralized exchange
Creation of the USDC stablecoin to offer an alternative to USDT	No P2P trading is available
Learn to earn program to help educate the broader community about certain blockchains and cryptos	Does not list smaller cryptocurrencies and tokens

Crypto.com

Lastly, Crypto.com is a well-known newly founded project. Furthermore, its main vision is to bring blockchain and cryptocurrency to the masses. Therefore, they have spent an enormous amount on marketing campaigns and on referral commissions. Also, they have an extremely high return on some cryptocurrencies. Finally, they are widely used and accepted. Consequently, rendering it one of the best cryptocurrency exchanges.

✅ Pros	🚫 Cons
Easy to use	High Fees
Large incentives for buying + staking CRO tokens	Relatively shady company
First to implement Crypto.com pay (enabling virtual transactions to be executed fee-free within their exchange)	Strict KYC regulation
First to implement crypto visa cards to pay for products in fiat currencies	Not globally accepted
Metal credit cards with more perks than simply cashback like Binance	Low usage and acceptance of the Cronos blockchain (a part of their ecosystem)
High trading volume

Conclusion

In conclusion, it is our opinion that the best cryptocurrency exchange can greatly vary depending on; your personal wants, your location, and your preferred currency. However, if you're looking for the best cryptocurrency exchange based on usage, and overall, I would recommend Binance. Furthermore, if you're looking for a feature-packed exchange with low fees, I recommend Kucoin. Lastly, if you're looking for something simple, I recommend using Crypto.com.

Final Disclaimer

When interacting with centralized exchanges, resh does not recommend keeping unnecessary funds on it. Remember, not your keys, not your coins. The recent FTX debacle has recently outlined the severity of this statement. And this was not the first time, you can also check out "Mt. Gox" for another example. Or even "QuadrigaCX". The list is long. Therefore, we also recommend you to DYOR, for this type of platform you can start by looking at their proof of reserves. As always, if you have anything to share or add, feel free to drop a comment. Resh out!