With the approval of Bitcoin ETF by US regulators, everyone's enthusiasm for digital currency has been further ignited. Whether it is the initial investors who trade digital currency on the computer or now use APP transactions, they are faced with the problem of how to choose a suitable digital currency trading platform or Bitcoin trading platform. The major digital currency trading platforms have their own advantages and disadvantages. For old users, there is not much difficulty in choosing, but for novices, how to choose a trading platform is indeed a headache. Once the wrong choice is made, it may lead to financial losses. The following evaluates the exchanges in terms of currency quantity, security, handling fees, transaction volume, etc., and ranks the Bitcoin trading platforms to solve the problem of which digital currency trading platform is better.

Ranking criteria for digital currency trading platforms

1) Number of currencies

The number of currencies reflects the flexibility and management ability of the digital currency trading platform. The more digital asset varieties, the more choices the exchange can provide to users, without the need to jump between platforms. In addition, the currencies listed are also randomly released and need to be evaluated by the trading platform. If a platform always lists some junk coins, people will get tired of it over time, which may seriously lead to the Bitcoin trading platform being ignored.

2) Security

The security of digital currency trading platforms is very important. In addition to transactions, the platform must ensure the safety of personal assets in order to attract users to trade with confidence. Now many Bitcoin trading platforms have passed KYC certification to further consolidate the security of accounts and avoid financial losses due to too shallow a confidentiality level.

3) Handling Fees

Transaction fees are the basic cost of user transactions and are a factor that must be considered when investing in digital assets, especially for futures participants. Some users prefer high-frequency trading, so if the transaction fees are low enough, they can save a considerable amount of money.

4) Transaction volume

Transaction volume is also one of the factors in evaluating digital currency exchanges. A large transaction volume indicates that the trading platform has good liquidity and users can buy or sell digital currencies at any time; a small transaction volume indicates that users' needs may be ignored. For novices, it is recommended to choose a Bitcoin trading platform with a large transaction volume.

Digital currency trading platform ranking list

When choosing a trading platform, it is far from enough to refer to only one factor. In addition to the number of currencies, you also need to pay attention to platform security, handling fees, transaction volume, and even other reference factors. The following is a ranking of digital currency trading platforms based on a comprehensive evaluation of these four aspects for reference by novices and professionals, in order:

Introduction to digital currency trading platform and Bitcoin trading platform

1. Binance

Binance is the world's leading international digital currency trading platform, providing mainstream digital currency trading, blockchain education, project incubation, new currency issuance, blockchain research institute, blockchain charity and other services to the world. Its users cover most countries and regions in the world. It is one of the fastest digital asset trading platforms in the world and one of the Bitcoin trading platforms with the largest digital asset trading volume in the world.

Binance is considered a relatively safe Bitcoin trading platform with strong technical measures to ensure the security of customer accounts, including the use of 2FA verification, insurance reserves, device management, address whitelisting, cold storage settings, etc.

2. Bybit

Bybit is a digital currency trading platform registered in the British Virgin Islands with offices in Asia, Europe and the United States. Founded in March 2018, Bybit provides users and institutional clients with intelligent, professional, intuitive and innovative online trading and cloud mining systems. The Bybit team is mainly committed to creating the safest, fastest, fairest, most transparent digital currency trading platform with excellent user experience for customers.

3. OKX

OKX is an international company focusing on blockchain technology and digital currency development and application. OKX was founded in 2017. The solid foundation of OKEx has attracted the world's top technical and business experts, enabling OKX to provide safe, stable and reliable trading services through the Internet. When OKX was founded, it received a million-dollar angel investment from the startup workshop co-founded by top investor Tim Draper, who has invested in world-class companies such as Hotmail, Baidu, and Tesla.

4. Bitget

Behind Bitget are a group of early adopters of Bitcoin technology and believers in the future development of Bitcoin. Compared with the entrepreneurial stars such as Binance in the industry, Bitget's early development was mediocre among most digital currency trading platforms. It is more like a long-term marathon runner. Bitget insists on user first, focuses on product innovation, advocates long-termism, and has the spirit of "digging a city". It aims to encourage more people to embrace digital assets and help them find more suitable investment methods.

5. Coinbase

Coinbase is a global Bitcoin trading platform headquartered in the United States. Coinbase launched its Bitcoin trading service in October 2012. At the beginning of its establishment, the exchange was named GDAX, which stands for Global Digital Currency Trading Platform. On January 17, 2017, it obtained the New York State Bitcoin Trading License. In May 2018, GDAX changed its name to its current name, Coinbase Pro. Currently, Coinbase Pro operates in more than 100 countries/regions around the world.

6. Gate.io

Since its establishment in 2013, Gate.io has provided trading and investment services for more than 2,800 high-quality digital assets to tens of millions of users from more than 130 countries around the world. Gate.io is committed to becoming a trustworthy, safe, stable and reputable international digital currency trading platform. It not only provides users with safe, convenient and fair digital currency trading services, but also fully protects users' transaction information security and asset security.

7. MEXC

Founded in 2018, MEXC Exchange is a technologically advanced digital currency trading platform. MEXC's business is spread all over the world and is supervised by local regulatory authorities. MEXC Exchange supports multiple languages, and users in different regions receive language support, making it easier for them to trade. MEXC Exchange was developed by developers with financial and technical expertise, and can complete 1.4 million transactions per second, with leading efficiency and performance.

8. Bithumb

Bithumb Exchange, the largest digital currency trading platform in South Korea, was established in 2013. Bithumb provides users with a wide range of trading products, and its convenient trading functions and secure asset protection measures have won the favor of users. Bithumb trading platform accounts for about 70% of the Korean digital currency market share. Bithumb is the world's largest Ethereum trading market, accounting for about 44% of Ethereum transactions in South Korea. Bithumb's business has also expanded to payment business, overseas remittance services and other business areas. It is a financial platform business company based on digital currency.

9. XT.com

XT Digital Currency Exchange was established in 2018. The company is headquartered in Seychelles and has operation centers in Singapore, Europe and other places. Now XT.COM is a comprehensive digital currency trading platform that supports more than 880 virtual currencies and more than 1,000 trading pairs. It has a rich variety of trading products such as currency trading, leveraged trading, OTC trading, contract trading, and credit card purchase of coins. It aims to provide users with the safest, most efficient and most professional digital currency investment services.

10. Hotcoin

Hotcoin is a global Bitcoin trading platform with a warm international station. Since its establishment, it has provided high-quality digital currency trading services to millions of users from many countries and regions around the world, and is one of the leading platforms for digital currency trading services in the world. Hotcoin insists on putting the interests of users at the core and is committed to providing a safe, fair, open and efficient digital asset trading system. It provides innovative digital asset services such as currency-to-currency, C2C, contracts, and financial management to users around the world. At the same time, it has established localized operating systems in many countries and regions, and provides the best quality services in a timely manner, making it stand out among digital currency trading platforms.

Summarize

The above is the answer to the question of which digital currency trading platform is better. In the end, I would like to remind all users that when choosing a digital currency trading platform, you must check the platform's data and compare the data. Investors often pay attention to the investment amount of users of the Bitcoin trading platform, but you must also consider the platform's security, tradable currencies, and handling fees.