Topic: What is leading crypto exchanges in 2024? (Read 270 times)

it has to be BTCC exchange. very secure and fast exchange

I agree on first 3 exchanges mentioned but the last named FMCPAY looks like really new exchange to me cant even see it on top exchanges in Coingecko/Coinmarketcap. I visited the site and looks good interface, responsive also but I dont think its trusted for now since it has low userbase, low volume its takes time to make it the top exchange lists.

This is a big error on the part of the OP team, because for you to get the trust of people to use your exchange, you needed to state facts as they were, I know that he probably exergerated that it's the largest cryptocurrency exchange in the world, to get people's attention. But he can see the strategy backfired, so that wasn't necessary because people now have doubts about the credibility of the exchange that he's promoting. I know that we have many crypto gurus in this platform and it'll be a mistake for anyone to try and test their intelligence by sharing false information, because they'll detect and say it as it is for everyone to take note. So I'll advise the exchange team to restrategize and give us correct facts, afterall there's nothing wrong with starting small and growing big with the right marketing strategy.

He didn't but he did on a purpose because he's part of the exchange so basically while praising other genuine top exchanges, he had to include his one so that people will be curious about it and I guess he successfully did it. I am not sure if this has made me want to use them but I'd still stick to the other ones he mentioned as the top exchanges because I've been using Binance for so long and liking it more than the others.

You mistakenly included MCPAY in your rating of the best cryptocurrency exchanges, since it is not one. You need to use the Coinmarketcap rating for your work, only when choosing an exchange you do not need to fall below the 10th place, since such exchanges have insufficient liquidity, which can lead to excessive loss of your money.

Binance is still number 1 for me.
But recently, in our country, our government (SEC) issued some notice about Binance which they told they are not legal to operate in the Philippines. At first, when I heard it, it was fake news, because it is really impossible to happen that, and also maybe because our government is jealous of the United States of America (USA) about Binance paying huge amounts of money on recent issues from them.

Btw, I want to add another exchange to the list, which is Bybit, product of Asia and it's really good, after FTX Exchange, I switched to Bybit.

I noticed this upon reading OP, asking myself upon seeing the last option list.
I hadn't encountered that exchange before and I think is trying to shill that exchange here in the forum and trying to mislead us by giving the list of leading crypto exchanges by next year.

There are tons of crypto exchanges right now, but none of them are considered good.
Even the top crypto exchange Binance has fraud issues and does not trust their safu.

Tell me, how can a 2-year-old exchange become a leading exchange?

Honestly, this is the first time I am hearing about this exchange named FMCPAY and how come this comes under list of world's largest crypto currency exchanges? There is a limit and separate section for marketing your exchange but your post is misleading as you are trying to include your exchange in the league of these big exchanges like Binance, Coinbase and OKX. This is not helping you in anyway and rather just tarnishing the image of your exchange.

I personally wouldn't even be bothered to check this exchange because when you can take shortcuts for marketing of your exchange then same logics might be used in operation of the exchange.

Binance, Coinbase, Okx and FMCPAY can be the leading exchanges going into 2024, but to the best of you and for your safety, you still should not trust these exchanges simply because they have been called the leading exchanges by some blog room or writers. 2024 is a very delicate year, and it will be a pity to lose your bitcoins to carelessness because you have over trusted an exchange and made the mistake of keeping your investment there. Self-custody is advised, trust exchanges less.

fmcpay? I rarely hear about this exchange, but when it comes to the crypto currency or bitcoin industry, I don't seem to have known or read about it on article platforms like Cointelegraph, and it is one of the leading exchanges in the crypto industry.

But the first three mentioned, such as Binance, Coinbase, and Okx, are ones I know and know if they are really on the list of the top exchanges, but not really FmcPay, and then they have not been useful in the crypto community as far as I know based on the research I did.

Bybit is emerging now and will definitely continue growing till next year but there must be exchanges that are more leading than them. About that two old crypto exchanges you mentioned. I don't know if they are still existing now, as I think I've heard a negative news about them last time. But If ever they are still alive, we also/still don't know if they will perform much better next year.

About Binance, I think they are still here with us. It's a sign that they are doing their best to survive. Besides this wasn't the first attack they have received. That is how strong they are. I guess they will still take the lead next year. If ever they are closing down, they will still give an early warning, for their users to withdraw their funds. So, why worry?

Your exchange doesn't have a bad 24 hour volume based on Coinmarketcap.

--> https://coinmarketcap.com/exchanges/fmcpay-exchange/

It is $120M for your daily volume and that's a good one but to consider to be the leading, that won't be enough.

And based on this ranking --> https://coinmarketcap.com/rankings/exchanges/ yours got a rank 84.

Not bad but compared to the top ones, it's still far beyond but if we base on top 100. You've got a sweet spot IMO.

Same here, and I just heard about it too. So far, I judge the ranking of an exchange based on its volume, and based on data from the coin marketcap website. Everyone knows about Coinmarketcap's credibility in determining rankings based on trading volume on an exchange.

At least we know who the 4th exchange is occupied by? And once again, coinmarketcap lists this list based on trading volume on each exchange. And unfortunately the exchange that is said to be OP in 4th place is not included in the coinmarketcap list at all.

i guess bybit is one of the emerging ones. But there are old players like bitfinex n bitstamp who are built up on solid grounds. As far as my opinion i believe binance will not survive the attack by US government. Sooner or later they will put it down. It could happen tomorrow or in 5 years no one knows but yes it will definately happen with binance. So im staying away from them and would suggest the same to others.

For the past 4years I have been trading, I use binance exchange because the first thing that goes into my mind before putting my money anywhere is security, how secure is my money, and binance is well placed for that.

We ought to be extreme careful because we can't afford to be on the losing end were most of our valuables will be generated for scamming purposes, and the worst thing is that these scammers have developed in their styles and not holding back whenever they're in the space to outperform most of these ongoing projects. No evidence other than mere words that I believed are not concrete to our full understanding. The system have dealt with most of us in the past and we have watch our portfolio liquidated due to the heavy wave scamming projects that surpasses our initial plans. Everything points out that it's illegal and there are repercussions if one still go ahead and focused on anticipating the exchange, you might as well open yourself to welcoming any potential danger that will triggered the system.

You claim that you are the largest exchange platform in the world, on the same level as Binance and Coinbase, but honestly this is the first time I have heard about FMCPAY, so your claim is just nonsense. Moreover, in terms of credibility, I am not sure that the service you provide is trustworthy, seeing that the information on your website is just a claim and there is no concrete data that states that you are based in the US and regulated there.

They have two years since the domain was created. They claim to be "the world's largest cryptocurrency exchange", yet there are no user reviews or experiences, and there are even no topics about them on this forum.

The information he provided is so outdated that they did not update that OKEX changed its name.

If this is the official account, they need to rehire a new promotional team.

Maybe you need to explain yourself more on what you mean by fmcpay. I can see you are only here to promote your product and it is very clear even taking a long at the your of your account. There is nothing wrong promoting your project here but it may look childish when you do it in a wrong way. Actually, we need to understand you and the reason behind this post. If you have an exchange to promote, that's fine but you will need to create a separate thread and give details about your exchange for a quick understanding.

So you are basically trying to advertise your own exchange here on BTT by mentioning other exchanges, while you know Binance is no more reading crypto exchange because it has been restricted to work in more than 3 new countries which really raises concerns.

And even if you are advertising your own exchange, I think you should hire a campaign manager for better advertising and do add proof of reserve on the coin market cap website. They will increase the authenticity and trust of your exchange among new users. By the way, I was not aware of this exchange before but they seem to have a good trading volume also.

I just give a try to OKX exchange and it also works very fine but why it is hard to download, as we have to download the APK of this application from the official website.

The website isn't the largest crypto-currency exchange out there and the claim is just for marketing purpose I guess. Although it's a pretty ranked website and it gets good traffic on monthly basis but it's better to be honest instead of using such words that aren't a part of reality. I've personally never used that exchange and it's the first time I'm hearing about it. Does anyone else used that exchange?

Your website says it's "the world's largest cryptocurrency exchange". Isn't that a bit of a big claim? Especially since it does not correspond to reality. With such slogans and such boasting, you only push potential clients away from your exchange. By the way, the translation into Russian of your website leaves much to be desired.

All of exchanges are very popular and demanding position at the present time. I use also two exchanges binance and coinbase which are really promising position. I hole that anyone trusts these exchanges and use it freely. I loved the exchange long time ago.

All the exchanges you mentioned are all very good. But I personally prefer binance. Because since I knew about crypto, the first exchange I knew was Binance. So I already feel like I'm compatible with Binance. Even though currently the leadership of Binance has changed, I will still choose Binance.

[/quote]
as federal laws are strict with cryptocurrencies and will not allow users to trade regardless of their location.
[/quote]

Dear Sir, all permissible trading positions comply with the regulations.

Promoting your service in this way will make many people put you on the ignore list. FMCPAY is not a reliable platform, and if it is based in the United States, this is a reason not to use it, as federal laws are strict with cryptocurrencies and will not allow users to trade regardless of their location.

Binance
Binance, founded by Changpeng Zao, a developer with experience building trading systems used at the Tokyo Stock Exchange, primarily organizes cryptocurrency-to-cryptocurrency trades, meaning users can only purchase a limited amount of cryptocurrency with fiat currency. Currently, Binance dominates the exchange space with over $72.63 billion in daily cryptocurrency trading volume.

Coinbase
Coinbase is one of the most popular and widely used exchanges in the United States. It is a fully regulated and licensed crypto exchange that operates in over 100+ countries. Coinbase offers a user-friendly interface, making it accessible for both beginners and professionals.

OKX
OKX is a Malta-based crypto brokerage and trading platform that allows users to buy and sell cryptocurrencies. It offers multiple cryptocurrencies for trading across different spot and derivative markets. The exchange also provides crypto lending, borrowing, staking services, and mining pools.

FMCPAY?
FMCPAY is a newly established exchange in the United States, founded in 2021. Experiencing rapid user growth, it has already reached one million KYC-verified users. FMCPAY is one of the most trusted platforms for trading cryptocurrencies and digital securities in the world. FMCPAY is a cryptocurrency exchange based in the United States. FMCPAY’s order matching mechanism allows processing and maintaining up to 1,000,000 transactions per second, minimizing order congestion and help users trade conveniently.
https://coinmarketcap.com/exchanges/fmcpay-exchange/
https://fmcpay.com/