Best High-Volume Crypto Exchanges in 2024

A cryptocurrency exchange is integral for crypto traders and is your key to entering the crypto market. With high-volume crypto exchanges, trade security and accessibility allow traders to enjoy peace of mind. 

Choosing the best crypto exchange is the first step in investing in or trading cryptocurrency. The global cryptocurrency adoption has enhanced the essence of crypto exchanges. As per reports of 2024, the cryptocurrency market has over 560 million users worldwide. 

When discussing leading crypto exchanges, Binance always stands out for its industry-standard operation in the crypto market. However, Binance is one of many options, as other excellent high-volume crypto exchanges also do wonders in the market. 

This article is the guiding light for newbie traders as well as professionals. You will explore various related topics, including:

• What are high volume crypto exchanges
• What factors are essential for selecting a crypto exchange
• Important tips for secure trading experience

Read on to jump into the lucrative crypto market with secure and user-friendly crypto exchanges in 2024. 

What are High-Volume Crypto Exchanges? 

The abrupt growth in cryptocurrency’s popularity is a testament to its state-of-the-art functionality, which has transformed the entire financial ecosystem. New crypto tokens have also emerged, allowing crypto users to enjoy multiple trading options. 

The secret of a lucrative trade is choosing the best high volume crypto exchange. The available number of crypto exchanges is myriad with unique features and benefits. Thus, selecting the right one can be time-consuming. It is when exchanges for high volume traders come to the rescue. 

It is crucial to understand that crypto traders must consider market stability and liquidity for a secure trading experience. You must select a crypto exchange with a higher trading volume to avoid price manipulation by crypto whales or large parties. 

Thus, high volume crypto exchanges like Binance are considered safer for day traders. Here is a quick table of a few high-volume and high liquidity crypto exchanges: 

Key Features to Consider in the Best High-Volume Crypto Exchanges 

The number of crypto exchanges is high, and picking one with key features can be tiresome for a day trader or seasoned investor. The best thing is that top crypto exchanges for trading volume come with several key features and qualities. You must ensure that you check out those features to enjoy trading with peace of mind. 

First, the crypto exchange ought to have fundamental trading features, such as the number of available crypto tokens, minimal platform fees, etc. Some crypto exchanges also provide advanced trading options, including order types, volume discounts, and recurring trades. 

Read further to understand the key features of high volume crypto exchange in detail. 

For more insights on how to navigate the crypto world, explore our detailed guides on:

• An Introduction to Altcoins and Where to Trade Them
• How to Buy and Sell Bitcoin Safely
• Advanced Crypto Trading Tools 
• How to Trade Bitcoin: Tips and Strategies
• Secure Your Crypto 2024: Top Crypto Exchange Security Tips
  
  

1. Liquidity  

One key feature of a high-volume crypto exchange is high liquidity. Before we connect trade volume with liquidity, here is a quick overview of liquidity in crypto trading.

Liquidity refers to the ease and comfort of exchanging one asset with another in the market. In other words, it reflects the comfort of trade for a specific asset. For instance, you want to buy a laptop worth $1000. 

You can purchase it comfortably in USD rather than with a rare painting worth the same. To buy the laptop, you will first need to sell the painting and offer the cash to the laptop seller. Thus, the liquidity of the dollar bill is higher than that of the painting in this case. 

High liquidity crypto exchanges enable day traders and investors to get multiple perks, including:

• Smoother transactions on crypto assets,
• Less price fluctuation,
• Faster trade execution,
• Dampen market volatility, etc. 

2. Security 

The popularity of cryptocurrency has grown immensely, making it one of the most in-demand digital currencies. The dawn of digital finance has invited cybercriminals to exploit vulnerabilities in digital systems. 

Another key feature of the best crypto exchanges for volume trading is matchless security and safety protocols. These protocols not only prevent users from being unlawfully exploited but also preserve an exchange’s reputation in the crypto market. 

For instance, Binance and KuCoin fell prey to evil hackers, losing millions of dollars worth of crypto. Afterward, various security protocols were introduced in crypto exchanges. 

To be on the safe side, you must trade on high-volume crypto exchanges and utilize multiple top exchanges to reduce the risk of loss. 

3. Fees and Cost 

The best crypto exchanges for volume trading provide traders with a convenient experience. The platform fee of high-volume trading platforms is relatively lower than that of other exchanges. For instance, Binance offers free deposits while charging only 0.10% on spot trading. 

Apart from platform fees and costs, accessibility and trading volume are pivotal in day trading. A successful crypto exchange will have a high volume of trades for high liquidity. This way, you won’t be the victim of price slippage, where you buy an expensive asset and sell it at a lower price. 

Furthermore, the accessibility and legal status of a crypto exchange in your country and state are essential. It takes a little time to check the legality of a crypto platform. This will secure your assets and refrain you from becoming the victim of legal reinforcement action. 

4. Trading Tools and Features 

Dedicated analytics tools are integral in crypto exchanges for high-volume traders. These tools cut off the ambiguities and uncertainties in the crypto market through various indicators. These indicators include:

• Moving Average (MA): It shows the average price fluctuation in a specific time. 
• Moving Average Convergence Divergence (MACD): The best indicator for price prediction at a specific time. 
• Relative Strength Index (RSI): This tool assesses the price fluctuation rate. 

These technical indicators will bring comfort to your trading experience. Almost every crypto exchange offers these indicators and other relevant tools to simplify trading for you. 

In addition, Binance has introduced trading bots that can make a lucrative trade on your behalf, helping you automate the day trading experience. The best thing is that trading bots trade with top-notch strategies due to their excellent training model. 

Top High-Volume Crypto Exchanges 

Now that you know what high volume crypto exchanges are and their key features, uncovering our top picks for beginners and professional day traders is our next target. 

Our list of the top crypto exchanges for high volume traders includes industry-standard names. We have made this list with particular attention to your crypto security and convenience with trading. 

Let’s have a quick overview of the top crypto exchanges for traders and investors. 

1. Binance: The Giant of Crypto Trading 

Binance stepped into the cryptocurrency market with its official launch in June 2017 in China. Despite its early days, it has done wonders by becoming the largest cryptocurrency exchange worldwide, according to CoinMarketCap. 

Binance is considered the giant of crypto trading. Because of the most significant trade volume, it is one of the top crypto exchanges for trading volume, working as the top priority for seasoned day traders and newcomers in the crypto space. 

Key Features of Binance: 

• Go-To Option for Experienced Traders: The availability and access to a wide range of supported crypto assets make Binance the top choice for professional traders. Even if you are starting out, you have access to over 350 crypto tokens. 
• Highest Trading Volume: According to Statista, Binance tops the chart of the top crypto exchanges by trade volume in 2024. CoinMarketCap shows that the 24-hour trading volume is about 9.417 billion USD. 
• Fees and Cost: Binance stands out to every trader globally for its minimal and negligible fee. Every crypto deposit you make is free of charge. With the lowest fee of just 0.10%, Binance is the go-to choice for traders and investors. 

Pros and Cons of Binance: 

2. Coinbase Pro: User-Friendly and Secure 

Coinbase is the second largest crypto exchange with a 24-hour trading volume of about $1.323 billion, according to CoinMarketCap. Founded in 2012, Coinbase is relatively more experienced than Binance in the crypto market. 

It is available in over 100 countries, offering support for over 5500 crypto assets with robust security. Coinbase Pro is rich in features, making it a top choice of crypto exchanges for high volume traders. 

Key Features of Coinbase Pro: 

• Wide Range of Supported Cryptos: For first-time crypto buyers, Coinbase Pro is the most preferred choice for its beginner-friendly interface and design. Moreover, the availability to trade over 5,500 supported assets puts Coinbase at the top of the list. 
• Robust Security: Despite the appearance of an online banking app, Coinbase Pro never compromises users’ security. It has built-in safety protocols, refraining malicious actors from the unauthorized access of users’ assets. 
• Advanced Trading Tools: Coinbase Pro has various tools and platforms, including Federal Deposit Insurance Corporation (FDIC), custodial wallet (Coinbase exchange) and non-custodial (Coinbase Wallet) etc. These options enable professional day traders to enjoy advanced trading options. 

Pros and Cons of Coinbase Pro: 

3. Kraken: Advanced Trading for Professionals 

For professional-grade day trading, Kraken stands out due to its effective management and regulatory compliance. Kraken emerged in the crypto market in San Francisco in 2011 and joined the elite group of high liquidity crypto exchanges worldwide. 

Kraken functions for the comfort of customers. It has two effective platforms: Kraken for new or seasoned traders and Kraken Pro for professional and dedicated day traders. With personalized chart analysis tools and fast-paced execution of orders, Kraken is a suitable choice for crypto enthusiasts. 

Key Features of Kraken: 

• Tiered Fee Structure: Kraken uses an industry-standard tier system for transaction fees that vary according to your order and transaction. For high-volume traders, the fee is as low as 0.10%, while low-volume traders’ fees can go up to 0.40%. 
• Top-Notch Analytics: A professional dashboard in Kraken exchange offers complete insight into the crypto market and your crypto holdings. With efficient indicators and tools, Kraken Pro has made technical analysis effortless for every crypto fan. 
• Professional Customer Service: Known for its top-class customer support, Kraken priortize its users. You may come across an abrupt problem. However, Kraken’s customer support team will solve the problem in a matter of seconds. 

Pros and Cons of Kraken: 

4. Bybit: A New Contender in the Market 

As a relatively new contender in the crypto market, Bybit has hosted over 10 million crypto users since March 2018. What makes Bybit a special and reliable crypto exchange is the background and expertise of its founder, Ben Zhou. 

Zhou spent 7 years in a leading forex brokerage and devised a Centralized Exchange (CEX) for cryptocurrency. Currently, Bybit is one of the largest high volume cryptocurrency exchanges for day traders with a $3.809 billion spot trading volume in 24 hours. 

Key Features of Bybit: 

• Crypto Centralized Exchange: Among a few cryptocurrency exchanges, they bridge the gap between centralized and decentralized finance. Alongside crypto trading options, experienced day traders can enjoy perpetual derivatives, margin trading, etc. 
• Versatile Trading Options: Unlike other crypto exchanges, Bybit stands out for its versatility in the crypto market. From spot and futures trading to NFT marketplace, Bybit Earn, and crypto storage, it is a one-stop-shop solution for crypto enthusiasts. 
• Best for Bitcoin Trading: According to CoinMarketCap, Bybit’s financial reserves include a significant token allocation for Bitcoin. With over 30.80% of BTC traded, traders fancy using Bybit for Bitcoin trading due to its safety and well-established analytics. 

Pros and Cons of Bybit: 

5. OKX: High Leverage and Diverse Markets 

As a global brand in the crypto and web3 space, OKX is known for its reputation and industry-standard operation. It is one of the leading high-volume crypto exchanges with high leverage and extensive market. 

The Chinese-based crypto organization started in 2017 and propagated its functionality in more than 200 countries, except the US due to US-China tensions. OKX is home for day traders with the support of over 350 crypto tokens. 

Key Features of OKX: 

• High Volume and Liquidity: As a renowned crypto exchange, OKX also ranks at the top of the chart for high volume and liquidity. This trait makes OKX a convenient and go-to platform for day traders. 
• All-in-One Blockchain Services: OKX is among a few crypto exchanges and platforms that use its native blockchain. This results in enhanced security and cross-platform functionality. The “Portal to Web3” services link OKX wallet to decentralized exchange, NFT marketplace, and dApps. 
• Diverse Market: OKX operates in 200 countries and supports more than 30 blockchains, such as Bitcoin, Ethereum, Solana, etc. The company’s diverse market is due to its versatile services. 

Pros and Cons of OKX: 

6. Crypto.com: Comprehensive and User-Friendly 

Crypto.com is not just a trading exchange for day traders but an entire ecosystem for crypto enthusiasts. Day traders can pick multiple top high volume crypto exchanges. 

As a crypto exchange, Crypto.com is the best for high-volume traders. It is also excellent in the crypto market for its native crypto token, Cronos (CRO) ranks 38 in terms of market capitalization. 

Key Features of Crypto.com: 

• Best for Crypto Trading and Purchases: Crypto.com offers its debit card, making it a top choice for buying goods with cryptocurrency. On the flip side, it is a high volume crypto exchange for day traders as well. 
• One-Stop Shop Solution: Crypto.com holds the key to every utility in the cryptocurrency landscape. From mobile wallets to investment products, trading, staking, etc., Crypto.com has everything a crypto enthusiast wants. 
• Enterprise-Level Features: Like its features for individual traders, Crypto.com offers a suite of APIs for merchants and businesses. To accept crypto payments, you can integrate Crypto.com’s APIs in your online store. 

Pros and Cons of Crypto.com: 

Best Security Tips for High-Volume Crypto Trading 

The best way to trade safe is to research the crypto token you desire to trade. Carry out a masterful market analysis, consult crypto specialists, read about various news about crypto, etc., to stay aware of the trends and market conditions. 

Once you have decided to start trading, here are some crucial tips to secure your digital assets and avoid malicious incidents: 

1. Use Strong, Unique Passwords 

When you buy cryptocurrency, it will come into your crypto exchange’s wallet. You can access and view your crypto assets in the exchange, which is password-protected. First of all, never share your password with anyone. This will reduce the chances of any ill-intentioned incidents. 

Second, you must choose a substantial and diversified password for your crypto exchange. Never set your password after your pet’s name or your date of birth. These are too basic to be guessed by anyone, hackers the least. 

One of the best security tips for crypto trading is a strong password with a combination of alphabets, numbers, and symbols. Devising a password that only you can remember is up to your creativity. Mind you, always remember your password as forgetting it can sometimes create a huge issue for you. 

2. Enable Two-Factor Authentication (2FA) 

Regardless of how basic or tiring it may seem, enabling two-factor authentication is key to secure crypto trading. The 2FA is an additional layer of security that stops evil hackers and malicious actors from accessing your digital assets even if they get through the first level. 

Two-factor authentication requires the user to enter a security code on their device or send an email or text message with a One-Time Password (OTP) to authorize access to the crypto exchange. Thus, it offers enhanced security and protection against unlawful use of crypto assets. 

3. Cold Storage 

A crypto wallet is a software that stores the public and private keys of your crypto assets. It doesn’t resemble a physical wallet where you can keep dollar bills. Since cryptocurrency is a digital asset, the blockchain creates a key for access and transfer of the asset. A crypto wallet stores those keys for security and protection against theft. 

However, crypto wallets are not only software but can also be hardware. The hardware wallet is referred to as cold storage. We advise you to prefer a cold wallet over a hot or software wallet because no hacker can access it through a computer. 

With cold storage of your crypto assets’ private keys, you won’t have to worry about how to secure your cryptocurrency. Though it is a safe option, it is time-consuming as you must connect it to your computer each time you want to make a transaction. 

4. Avoid Public and Unsecure Internet Connection 

Security of the internet connection is inevitable in this technology-led era. The Internet is the most commendatory source for evil hackers to get into your crypto exchange and exploit crypto assets. 

In every crypto security guide, you will always find the phrase, “Avoid trading on public Wi-Fi.” This is true and highly critical when using the public internet. It exposes your mobile device or computer to unauthorized access from evil masterminds. 

The best practice is to set up a secure internet infrastructure at your home or office for trading and other online activities. You can ensure fully functional firewalls and anti-malware software in this infrastructure. 

5. Proper Backup of Seed Words 

Stepping into the crypto space often blurs newcomers’s instincts to pay attention to details. When you create an account in a high volume crypto exchange, you are asked to back up the seed words. Seed words can be a series of numbers, also known as master key, recovery phrase, etc. 

Sometimes, you may forget your account, making it difficult to access your crypto assets. The crypto exchange demands the master key for access. Therefore, it is an excellent security practice to properly back up and store your seed words. Cold storage is the most preferred choice. 

One of the best security tips for crypto users is to write secret code in various places, including paper. To reduce the chances of losing the paper, note it down on your mobile phone as well as your computer. 

6. Be Wary of Phishing Attacks 

No matter how important emails are, you must always be vigilant about suspicious components. You will be surprised to know that almost 1 billion emails are compromising the security of people annually. Emails are the primary source of phishing attacks for cybercriminals. 

Phishing refers to creating a fake website to disguise an authentic brand, making the victims provide their personal and financial information. As hackers are computer masterminds, they mimic the original website with perfection. 

They use emails with a nearly similar context as of the original brand. Newbies and those who pay no attention click on the URL, navigating them to a fake website for information. Moreover, clicking on the link can also install malware or computer viruses affecting victims’ crypto assets. 

Conclusion 

High volume crypto exchanges are the first thing traders must sort out before starting their trading journey. With a robust crypto marketplace, your worries about security, liquidity, etc., go away. 

Our top picks for high volume crypto exchanges will offer you a complete insight into your entry into the crypto market. You can choose from this list based on your preferred features. 

Before making the decision, visit each platform and find your compatibility with its user interface for a smooth trading experience. 

Frequently Asked Questions 

What is the best crypto exchange in the US? 

Any crypto exchange we mentioned in our article, except OKX, is the best crypto exchange in the US. Since OKX exchange is restricted in the US, you won’t be able to trade on it. Binance, Coinbase Pro, Kraken, etc., follow the US regulations. So, you can pick one and start your trading journey in the US. 

How do trading fees impact high-volume trading? 

Trading fee is inversely related to trading volume. When a crypto exchange charges a higher transaction fee, users won’t enter the trade, lowering the volume and vice versa. However, high-volume trading costs the lowest fees on multiple crypto exchanges, such as Kraken. 

Can I trust decentralized exchanges (DEXs) for high-volume trading? 

Decentralized exchanges are the most preferred choice for high-volume trading because it offer security and mental peace, knowing that a single party or crypto whales can’t manipulate the market and price. 

What features should I look for in a crypto exchange for day trading? 

Basic trading features, such as spot, future, margin trading, etc., should be your priority. Trading volume and liquidity are other essential features when starting day trading on a crypto exchange. Also, trading fees are pivotal in your trading experience, so go for a platform with lower trading fees. 

Which crypto exchange offers the best customer support? 

For every crypto exchange we mentioned above, we have considered customer service. So, they are the best in terms of customer support. However, Kraken and OKX stand out for their efficient and commendable customer support.