Introduction
In recent years, virtual currencies like Bitcoin have gained significant attention as profitable investment assets. Many investors consider Bitcoin as part of their asset allocation strategy, but choosing the right virtual currency exchange can be overwhelming. With nearly a decade of market evolution, exchanges now vary widely—from centralized to decentralized platforms, and derivatives-focused exchanges. Each has unique features, making it crucial to identify the best fit for your needs.
This guide will help you navigate the landscape of virtual currency exchanges by:
- Ranking top global exchanges by trading volume
- Providing detailed evaluations of different exchange types
- Recommending platforms suitable for various investor profiles
👉 Explore trusted global exchanges
Global Top 10 Virtual Currency Exchanges by Trading Volume
Below is a ranking of the top 10 cryptocurrency spot exchanges based on global trading volume:
| Rank | Exchange | Trading Volume (NT$) | Launch Date | Coins Listed | Products Offered |
|---|---|---|---|---|---|
| 1 | Binance | 961,380,295,670 | Jul 2017 | 389 | Spot/Derivatives |
| 2 | OKX | 277,977,760,550 | Sep 2017 | 350 | Spot/Derivatives |
| 3 | Coinbase Pro | 96,745,086,417 | May 2014 | 63 | Spot |
| 4 | Kraken | 57,828,415,200 | Jan 2014 | 62 | Spot/Derivatives |
| 5 | KuCoin | 47,850,345,099 | Sep 2017 | 321 | Spot/Derivatives |
| 6 | Bitfinex | 37,475,698,417 | Oct 2012 | 132 | Spot/Derivatives |
| 7 | Bitthumb | 58,984,098,802 | Jun 2016 | 177 | Spot |
| 8 | Gate.io | 35,107,997,116 | Jan 2013 | 622 | Spot/Derivatives |
| 9 | Binance US | 30,153,061,307 | Jul 2017 | 54 | Spot |
| 10 | Bitstamp | 24,763,525,291 | Aug 2011 | 24 | Spot |
Data sourced from CoinMarketCap
Top Cryptocurrency Exchanges Available in Taiwan
For Taiwanese investors, local exchanges offer TWD support but may lack liquidity. Below are the three largest Taiwan-based exchanges:
| Exchange | Launch Date | Coins Listed | Products Offered |
|---|---|---|---|
| MAX | Feb 2018 | 32 | Spot |
| ACE | Oct 2018 | 51 | Spot |
| BitoPro | Mar 2018 | 20 | Spot |
👉 Compare international exchange features
Detailed Exchange Reviews
1. Binance – Best Overall for Liquidity and Variety
- Pros: Largest global volume, low fees (0.1% spot trading), supports 389 coins.
- Cons: Complex interface for beginners.
2. OKX – Leader in Derivatives Trading
- Pros: High leverage (125x), robust security.
- Cons: Limited fiat support in some regions.
3. MAX (Taiwan) – TWD-Friendly with Local Support
- Pros: Easy TWD deposits, regulated by Taiwan Financial Supervisory Commission.
- Cons: Limited coin selection (32 coins).
How to Choose an Exchange?
- Prioritize Security: Opt for platforms with strong regulatory compliance.
Match Your Needs:
- Beginners → Coinbase/Binance.
- Advanced traders → OKX for derivatives.
- TWD users → MAX/BitoPro.
- Check Fees: Compare trading, withdrawal, and deposit costs.
👉 Start trading securely today
FAQs
Q: Which exchange is safest for beginners?
A: Binance and Coinbase offer user-friendly interfaces with strong security.
Q: Can I trade TWD on global exchanges?
A: Only select platforms (e.g., Binance via P2P) support TWD.
Q: What’s the main risk with derivatives exchanges?
A: High leverage can amplify losses—use risk management tools.
Final Recommendations
| Use Case | Recommended Exchanges |
|---|---|
| Spot Trading | Binance, MAX (for TWD) |
| Derivatives | OKX, Binance Futures |
| Decentralized | PancakeSwap, Uniswap |
For low-risk exposure, consider Mitrade’s CFD platform (1-10x leverage).
Further Reading:
Have questions? Leave a comment below!