Best Exchanges For Stellar Lumens

No one likes paying high fees when it comes to cryptocurrencies. One of the most important reasons for users to get into the crypto world is the price factor, at least for the vast majority of them. Some of the best exchanges on the market have incredibly high fees but they claim to offer the best of services for the price.

Other crypto exchanges are simply making money off of your investment and give nothing in return. Regardless of which exchange you choose to do business with, it’s important to know the prices and the opportunities before you invest.

1. Binance

Binance is among the best exchanges that is based in Malta and is an exchange with some of the lowest fees per trade at 0.05%. Binance is available in English, Chinese, Spanish, Russian and many more languages and supports lots of coins. With Binance you can convert your coins into almost every other altcoin.

Despite being the world’s most popular crypto exchange, Binance is not only for experienced users. New users are welcome on the platform and can easily navigate around it. Their support team is excellent and you can always contact them for more information. Binance is an exceptionally secure stage and gives an extraordinary, slack-free client encounter. As such, it additionally has applications for iOS and Android which can be utilized to check your portfolio and exchange.

1. BitMex

BitMEX only accepts deposits via Bitcoin which later can be used to buy many other cryptocurrencies. The platform specializes in financial operations such as margin trading that are actually trading with leverage. It is currently unregulated in any jurisdiction. If you would like to create an account on BitMEX, you would first need to register to the website via an email address which pretty much covers the anonymity aspect of registration. The address still has to be genuine because users will need to confirm the registration.

The widgets on the platform can change according to the user’s preferences thus allowing all users to have full control. This exchange uses an auto-deleveraging method that makes sure that liquidated positions are able to be closed in a volatile market. BitMEX has an Android app only which is not even official so it’s recommended that users use it on their desktop.

3. Kraken

Kraken is also one of the best exchanges that have over $120 million in trading volume in just 24 hours. It was founded back in 2011 and it is one of the oldest Bitcoin exchanges.

Kraken uses the maker-taker pricing method. Market makers don’t pay fees if they manage to keep their 30-day trading volume above $10 million. If this volume falls below this point, they have to pay a 0.02% fee which can go up to 0.16%. Taker fees start at 0.26% and can also drop to 0.10%.