2023’s Safest Crypto Exchanges: Top 5 Picks!

Before You Even Think About Using Any Crypto Exchange, You Have to Watch This Video

In this comprehensive article, we will be discussing five of the best crypto exchanges available in the market. We will cover everything you need to know about their fees, features, support, and most importantly, safety. We will also provide exclusive deals and discounts that you can only get here. So, sit back, relax, and let’s dive right into it.

But before we begin, it’s important to note that I am not a financial advisor, and none of this should be considered financial advice. This video is not sponsored in any way, although we may earn a small commission if you decide to use any of the links provided below. With that out of the way, let’s get started.

First on our list is binance, the largest crypto exchange in the world. Founded in 2017, Binance has experienced incredible growth over the past few years. However, with such success comes regulatory scrutiny. To address this, Binance has been actively seeking regulatory licenses in various countries, including Europe, the Middle East, and Australia. This commitment to regulation should bring more certainty to the industry and enhance the exchange’s reputation.

When it comes to asset security, Binance employs a proof of reserves system to ensure that user assets are fully backed. They also operate a hot and cold storage protocol, with the majority of coins and tokens kept offline. In the event of a hack, Binance has a reserve fund called the SAFU fund, which holds a significant amount of crypto to reimburse users for any losses.

In terms of fees, Binance offers competitive rates, with a base fee of 0.1% for regular users. However, if you sign up using our link, you can get a 20% fee discount and up to a $600 bonus. Binance also boasts an extensive list of supported coins and tokens, making it a popular choice for traders.

Next up is coinbase, one of the OG exchanges in the crypto space. Founded in 2013, Coinbase is the largest crypto exchange in the US and is listed on the New York Stock Exchange. Coinbase is known for its strong regulatory compliance, holding licenses in various countries, including the US, Canada, and Europe.

Coinbase ensures the security of user assets through audited financial statements and cold storage protocols. They also offer FDIC insurance for US dollar deposits, providing an extra layer of protection for users. Coinbase supports a wide range of coins and tokens, although there are some restrictions based on location.

When it comes to fees, Coinbase operates on a maker-taker model, with fees varying based on trading volume. While fees may be slightly higher compared to other exchanges, Coinbase has improved its fee structure over the years. The platform offers a user-friendly interface and a range of features suitable for intermediate traders.

Moving on to kraken, the OG exchange that was established in 2011. Kraken was developed as an alternative to the infamous Mt. Gox exchange and has since become a leading player in the crypto industry. Kraken holds various licenses, including MSB licenses in the US, FCA regulation in the UK, and licenses in Canada and Australia.

Kraken is known for its strong security measures, including proof of reserves and cold storage protocols. They have never been successfully hacked, which is a testament to their commitment to user asset security. Kraken supports over 200 coins and tokens, making it a versatile platform for traders.

In terms of fees, Kraken operates on a tiered maker-taker model, with fees starting at 0.16% for makers and 0.26% for takers. The fees can be reduced by holding their native exchange token, and if you use our link, you can get a 40% fee discount.

Our fourth exchange on the list is OKEx, which recently rebranded from OKCoin. OKEx is a Singapore-based exchange that has been expanding globally and securing licenses in various countries. They have published proof of reserves and maintain a protection fund to reimburse users in case of losses.

OKEx offers a wide range of coins and tokens, with over 300 supported trading pairs. They have recently added support for Euro and GBP funding options, although USD funding options are not available. OKEx operates on a maker-taker model, with fees starting at 0.1% for both makers and takers. By using our link, you can get a 60% fee discount and additional trading bonuses.

Last but not least, we have Bitget, a Singapore-based exchange that has been rapidly expanding its global presence. Bitget holds various licenses, including MSB licenses in the US and fintrac licenses in Canada. They have published proof of reserves and maintain a protection fund to ensure the safety of user assets.

Bitget supports over 250 spot trading pairs and offers competitive fees, starting at 0.1% for both makers and takers. By using our link, you can get a 60% fee discount and $20 free, along with additional trading bonuses.

In conclusion, these five exchanges offer a range of features, competitive fees, and strong security measures. However, it’s important to remember the importance of self-custody and not leaving large amounts of crypto on any exchange. Always do your own research and choose an exchange that best suits your needs and preferences. Happy trading!