Cryptocurrency exchanges have been around for a while, although new ones are popping up all the time. If you’re looking for new cryptocurrency exchanges – you’re in the right place.
Let’s take a look at some of the best new crypto exchanges for 27th November 2020.
Top 10 List of New Cryptocurrency Exchanges 2020
Here is a list of the top new cryptocurrency exchanges, as found by our researchers and analysts.
Why use a New Cryptocurrency Exchange?
With a range of already-establish Bitcoin and crypto exchanges out there, why would someone want to use a new exchange? It’s actually pretty obvious when you think about it.
Even though older exchanges have a more solidified reputation and experience, this doesn’t mean to say that they provide a better service than newer exchanges.
During our research, we’ve actually found that a lot of experienced exchanges become complacent with their customer base, and don’t push out any new features or improve their product.
With new exchanges, they are hungry for grabbing a share of the market, and consequently try harder to improve customer experience.
Here are a few of the main reasons people choose to use a new cryptocurrency exchange rather than an older one:
- New features
- Modern interfaces
- Mobile apps
- Lower fees sometimes
What Makes a Good New Crypto Exchange?
In our quest for good new cryptocurrency exchanges, we had to assess several factors in our considerations. We’re now going to show you exactly what we look for in a good new crypto exchange.
1. Safety & Security
The first thing we asses when looking at any crypto exchange is how safe it is – at the end of the day, this is the most important thing as you need to be sure that your funds will be safe when you’re using the trading platform. Some of the tell-tale signs of a secure crypto exchange are if it has 2FA, email notifications and plenty of information about the company behind the exchange.
2. Range of Cryptos
Another thing we look for when finding the best new crypto exchanges is the amount of coins you can trade on the platform. The more the better in our eyes. It gives you a wider range of trading opportunities which you can use to capitalise on the market.
Whenever you trade on a cryptocurrency exchange, you’ll almost always need to pay some sort of fee to do so. The most common type of fees on crypto exchanges is a trading fee. This is usually charged as a percentage rate on every trade you make on the platform. When assessing the best new cryptocurrency exchanges, we prioritised the exchanges with the lowest fees – so that you don’t necessarily chuck away money when you’re trading.
There are a few main different types of cryptocurrency exchanges available online. Those that offer leverage tend to be more popular as they allow traders to increase their profits through trading with more than their account balance. When searching for the top new crypto trading platform, we look to see what sort of leverage they offer – most of the time it is a maximum of 100x but some offer even higher leverage of 200x!
Finally, the last main thing we analyse in our research into the best new cryptocurrency exchanges is how transparent they are. Some are much more transparent than others – and these ones get a better rating than those that don’t. It’s crucial for an exchanges’ success in our opinion here at cryptocurrencyexchanges.com.
We hope you’ve enjoyed our guide to the best new exchanges for 2020 – if you have any exchanges you think should be added to this list, get in touch with us via our contact page.