Top 4 Global Cryptocurrency Exchanges in 2024

This is the continuation of the crypto exchange review based on our personal experience with the said exchange. Our review and recommendation are not motivated by the benefit we get by referring you to the platform as such, we will not recommend any exchange that we are not confident in using the parameters we mentioned earlier, or one that we would not use. We spend a lot of time testing out these exchanges and putting together the report you are reading.

That being said, the content you are about to consume is not advice or a call for action but our opinion about the exchanges and what you choose to do with the information we provide is entirely up to you. However, we sincerely hope that you will derive some value and insight from this post and our blog generally. Read the first part of this series here if you have not done so already.

Also, read The Beginner’s Guide On How To Choose Crypto Exchange In 2022: 

Best In Mobile App: Crypto.com

• Number of Currencies Available for Trade: 250+.
• Transaction Fees: 0.04% to 0.4%.
• Minimum Deposit or Purchase: $1.
• Double digits interest on 40+ crypto assets, (cryptocurrencies and stablecoins).
• 5% cashback on Visa Card spending.
• Easy bank transfers or credit/debit card deposits on 20+ fiat currencies.
• OTC portal for instant large blocks trade quotes.

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Crypto.com Overview

We chose Crypto.com as the best mobile crypto exchange app because it provides an extensive digital asset trading and investing ecosystem that you can access easily from your smartphone.

Crypto.com is a mobile-based exchange that was launched in 2016 and since then it has established itself as one of the leading global crypto exchanges with a presence in most jurisdictions. It is available in 90 countries and counting, and it supports over 250 cryptocurrencies. In addition to a large number of supported assets, Crypto.com provides a vast digital asset ecosystem composed of its own blockchain, Crypto.org Chain; a native token called CRO; a crypto visa card; yield-generating crypto products; and more.

What stands out the most, however, is the Crypto.com mobile app. While many crypto exchange mobile apps provide a watered-down version of the exchange’s web-based platform, Crypto.com put a strong focus on building an app that offers a wide range of products and features so users can profit from this exchange’s ecosystem on the go. Mobile app users can buy, sell, trade, and earn interest on their crypto, as well as pay with crypto globally.

If you are looking for an excellent mobile crypto trading experience, Crypto.com is arguably the best option thanks to its range of products and features, as well as its large number of supported assets.

However, there is a downside.  The shortcoming with crypto.com is that unless you trade at higher volumes, you will end up having to pay relatively high trading fees, as high as 0.40% and you may not get needed customer support in case of any issue

Crypto.com Pros and Cons

Pros

• Deep order book liquidity in all market conditions
• Speed of 2.7m TPS matching engine and 50-microsecond core latency
• Strong base on its mobile App
• crypto.com DeFi and Exchange
• Low minimum deposit of just $1

 Cons

• Relatively high fees
• Poor customer support
• Crypto.com Exchange and DeFi are on a Separate Platform

<21 id="10" style="line-height: 150%; text-align: justify;">Best In Customer Service: Bybit

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• Get up to 4030 USDT in rewards just by signing up Now!
• 0 Fee On All Spot Pairs and On P2P trading
• 18% yield on various saving and staking pool
• NFT Marketplace
• One-click buy
• Fiat Deposit and Withdrawal Via Bank or Cards
• Trading Bot And Copy Trading
• Liquid Mining
• Futures, Perpetual Contracts, and Option Trading

What Is Bybit?

Bybit is a digital assets exchange that was established in March 2018 to offer a professional platform that features an ultra-fast matching engine with excellent customer service and multilingual community support for crypto traders of all levels. Bybit recently announced a 0 Fees trade on all spot pairs on the platform to celebrate it's over 10M Users currently on Bybit

 Bybit Pros And Cons

This has to do with some of the advantages of trading with ByBit and of course, some setbacks you may face.

Pros

• KYC is easy and you can start trading in no munites.    
• Up to 100x leverage on crypto
• Combination of futures and perpetual contracts trading;
• Has a profound order book that allows users to assess the depth of the market and current trading volumes.
• Advanced tools supported by great technology
• Multiple order types are possible such as limit orders, partial orders, conditional orders, and market orders.
• Risk-free test environment to learn and experiment
• Has an Insurance Fund guarantee to mitigate and cover losses from hacks.      
• Convenient, intuitive user-friendly trading platform that is presented in the browser version as well as the mobile App   
• Rich educational resources
• Bybit spot trading fees are amongst the lowest in the industry

 Cons

• Not regulated by financial conduct authority
• High leverage makes the derivatives extremely risky
• Not suited to spot trading
• May share your data with third parties for marketing
• Complex futures trading makes it difficult for beginners.
• Has limited trading pairs compared to other exchanges 
• Trading volume claims cannot be easily verified to determine their authenticity.

 Bybit Overview

Due to the stiff competition in the industry, every exchange seems to be innovating in a hurry in other to remain in business and Bybit is not lacking in innovation. Bybit was founded by a team of professionals having expertise in investment banking and the forex industry.  Bybit is established with a vision of a global economy where trading systems will be seemingly fast, secure, and transparent.  They have embarked on a journey to build the next-gen financial ecosystem powered by innovative and advanced blockchain technology and they have a kin focus on customer satisfaction and the best user experience.  Bybit offers users access to over 100 assets and contracts across Spot, Futures and Options, trading bot, Launchpad projects, copy trading, earn products, trading Bot, NFT Marketplace, and many more.  Click Here to visit their official website for details.

Bybit Features

Bybit Technology and Tools That Set It Apart

Bybit boost of being able to handle 100,000 transactions per second.  That is huge and significantly faster than the competitors.  They do everything probable to avoid any kind of server downtime experienced by a number of other exchanges especially when a change in the market pushes a lot of people to either buy or sell at once.

 Bybit Risk-free Test-net Platform

Like the popular Forex broker demo account, Bybit also has a testnet site where new traders can test their strategies and learn how to use the site without risking any real money.  Since leveraged trading is an extremely risky venture, it is only wise to gain mastery and confidence in the test platform that mirrors the real money environment before risking your hard-earned capital. If after testing out the system and you decide to trade real money, start small and make sure you understand how to minimize your risk.

Bybit Perpetual Futures and The Dual Price Mechanism

A perpetual futures contract is a derivative that does not expire, unlike spot and futures trade contracts and it helps traders to maximize profit opportunities.  The Dual Price Mechanism on the other hand helps protect traders from trade manipulation or price manipulation, which results in steep losses due to liquidation of positions due to margin shortage or requirements at the prevailing market price.

 Bybit Fees

In crypto trading traders are classified as either ‘Makers’ or ‘Takers and like other exchanges, Bybit operates Makers and Takers fee structure.   Market Makers provide liquidity and market depth, while market takers squeeze the liquidity from the order book. Makers' orders are not filled immediately, but Takers' orders are filled immediately as a market order. Market makers are rewarded for providing liquidity and market depth hence the lower fee for the market makers.  See detailed bybit fee structure here

Bybit Trading Bot

A trading bot is an automated software that trades as per traders’ pre-set execution conditions. Some crypto trading bots that enable a trader to auto trade in Bybit are TradingView, TokenBot, Alertaton, Autoview, Cornix, FMZ, GoodCrypto, WBCCLUB, Haasonline Hydor, Mudrex, Profit Trading, 3Commas,, Wunderbit, Profitview, Sirius Trader, Stacked, ProfitTrailer, and Tycoon.

 Bybit Mobile App

Bybit mobile app is robust and fully compatible with the most advanced Android and iOS systems and can be downloaded from the Google play store and IOS.

Bybit Customer Support

Talking about customer service, Bybit edges other exchanges. it has a 24/7 customer support team for all jurisdictions to answer the phone or live chat function to resolve any queries or issues and has a wide range of languages other than English.  

Conclusion On Bybit

From all indications, Bybit is a dynamic and efficient derivatives trading platform for crypto and it has some unique features also it comes under one of the top cryptocurrency exchanges in the world by volume. Bybit is safe and has no security issues.  Bybit accepts the buying of crypto with debit cards and p2p.  If bybit fits your trading fancy go here to sign up to enjoy so many amazing offers and discounts