Choosing the right crypto exchange in 2020
Since its inception, cryptocurrency has had a significant impact on the financial scene. The industry is still evolving, which has the potential to foster new innovations in the space. Despite the sector’s rapid growth in such a short period of time, there is a need for an “aggregated” platform where investors can buy, sell, invest in, and trade crypto assets.
However, most crypto exchange that are intended to serve as that central platform have complicated user experiences with complex trading tools and interfaces, making the platform difficult to navigate for newcomers and even experienced investors.
Cryptocurrency exchanges are meant to be the gateway for newcomers into the cryptocurrency world, but the market is primarily complex, making it difficult to understand how to use their interfaces and trading tools.
There is a need for a credible and accessible platform that can serve as a portal for investors to navigate the cryptocurrency markets.
Regulatory Hurdles facing the crypto exchange industry in North America
When trying to sign up for a cryptocurrency platform in North America, crypto users face a number of challenges. Although there are hundreds of crypto exchanges to choose from, the majority of those platforms operate without a license, putting users at risk of losing their money.
North American users should open an account with a top-rated crypto exchange that has a regulatory license, an easy-to-use interface, and simple trading tools. In this article, we’ll go over the top-rated cryptocurrency exchanges in North America based on metrics like user experience, regulation hold, and market support, as well as how to find the best one for you.
The Best Crypto Exchange in North America
MEXC
A crypto exchange must be secure, user-friendly, and have a low transaction fee. MEXC is an example of a cryptocurrency exchange that embodies the key factors that make up the ideal cryptocurrency exchange.
MEXC is a digital asset trading platform with over 7 million users and a daily trading volume of up to $4 billion. The MEXC platform is licensed and well-positioned in the North American market to provide top-tier crypto services to all-region users. The platform is positioned in the market as an all-in-one provider of CEX services, including spot, margin, leveraged ETFs, derivatives trading, and staking.
The MEXC platform has developed educational content for new users that explains how to use and navigate a cryptocurrency exchange. The content designed for experienced traders is structured in such a way that it incentivizes trading volume and provides VIP experiences to the whales of each community. The MEXC platform organizes promotional campaigns with big-ticket giveaways such as this year’s Tesla3 and Ford Fusion.
MEXC has listed over 1400 tokens and is one of the exchanges with the most trading pairs, and the platform always lists popular altcoins as soon as possible. The MX token powers the entire MEXC ecosystem. Since 2021, the MX token has more than 20 times increased in value, surviving the harsh crypto bear periods. To encourage users to use the MEXC token’s functionality, the platform established a reward scheme for MEXC token holders.
MEXC is the fastest sign-up platform in the industry when compared to other top-rated crypto exchange platforms. The platform also has the most inventory and offers the most service options to traders. The digital assets platform has the lowest trading fees and is well-known for being scandal-free, hack-free, and having a perfect reputation score.
Every MEXC user has access to its large altcoin and low-cap token inventories, allowing them to find the next “moonshot” in the crypto markets. Users on the MEXC platform can make use of the user-friendly interface, large inventories, and educational content as they explore the crypto markets in search of true freedom of wealth.
Binance.US Crypto Exchange
Binance.US is the American arm of Binance.com, the world’s largest cryptocurrency exchange by trading volume. It has attracted the interest of North American investors due to its low transaction fees. Binance.US provides over 65 cryptocurrencies for investors to choose from. The platform has also created a “buy and sell” feature to help new cryptocurrency users navigate the markets. Experienced investors can also use advanced trading tools to make informed investment decisions.
Coinbase
Coinbase, one of the largest cryptocurrency platforms, was founded in 2012 and now offers a large number of supported cryptocurrencies as well as a high level of security to its users. The platform is regarded as one of the most user-friendly. It primarily targets new traders with little to no experience in cryptocurrency trading and provides them with an opportunity.
Cryptocurrency exchanges in North America are always required to be regulated before they can fully operate. To avoid becoming a victim of “scams,” North American crypto users should have a checklist of key factors to consider before opening an account with a cryptocurrency exchange.
Conclusion
There are many exchanges to choose from when trading cryptocurrencies, but it is important to note that not all exchanges are appropriate for all users. Crypto regulations and requirements differ by region, and users must identify the ones that best suit their crypto needs. Innovative cryptocurrency platforms such as MEXC are setting a precedent for how every region, including North America, can be provided with the best crypto services tailored to their needs.
Source: https://www.cryptopolitan.com/which-crypto-exchange-is-the-best/