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Key Takeaways

  • You can buy Popcat across several popular crypto exchanges, including Bybit, MEXC, and Crypto.com, as well as decentralized exchanges like Raydium and Orca;
  • Popcat is a meme coin based on the Solana blockchain, gaining popularity due to its strong community backing and viral internet culture;
  • While buying Popcat can be rewarding due to low transaction fees and fast trading on the Solana network, it’s crucial to recognize the risks, including volatility and the crowded meme coin market.
Purchasing Popcat Made Easy: How to Buy Popcat Securely

Cryptocurrencies have been capturing traders' attention worldwide, and among them, Popcat (POPCAT) garners quite the buzz. If you're curious about this cat-themed meme coin and wondering how to buy Popcat, you're in the right place.

Understanding the process of how to buy Popcat meme coins is crucial for anyone looking to dive into this unique market. This way, you can make informed decisions and potentially safeguard your investments from common pitfalls.

I’ll walk you through a step-by-step guide to buying the Popcat coin on several crypto exchanges, including Bybit. By the end, you'll have a clear roadmap to confidently navigate the whole process.

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How to Buy Popcat: A Step-by-Step Guide

Learning how to buy Popcat meme coins from a centralized crypto exchange is a great starting point. Plus, the process is easy once you know where to start. By the way, a centralized exchange (CEX) is a platform that facilitates the buying and selling of cryptocurrencies through an intermediary, similar to how traditional banks operate[1].

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You’ll explore several popular CEXs, including Bybit, MEX, and Crypto.com, to help you find the best fit for your needs. Let's begin the steps on how to buy Popcat by taking a closer look at each exchange and how you can get started with your Popcat purchase.

Bybit

Bybit is a leading cryptocurrency exchange known for its user-friendly interface and advanced trading features. Established in 2018, the platform has quickly gained popularity among crypto enthusiasts for its robust security measures and efficient trading options.

The application offers a wide range of trading pairs and derivatives, making it a versatile choice for both beginners and experienced traders. Additionally, Bybit has robust security measures to protect users’ funds and personal information. With features like two-factor authentication (2FA) and cold storage of assets, you can trade with peace of mind.

When it comes to trading the token on Bybit, the platform provides up-to-date price information and competitive trading fees. You can easily monitor the Popcat market cap and track its price movement in real time. Bybit's intuitive interface makes it simple to buy, sell, and trade Popcat's assets, ensuring a smooth trading experience.

How to Sign Up and Verify Bybit Account

Now that you know what Bybit offers, let's move on to creating your account. Here’s a step-by-step guide to get you started:

Step 1: Visit the Bybit website and click the [Sign Up] button.

How to buy Popcat: Bybit's homepage.

Step 2: On the account registration page, enter your email address and create a strong password.

Step 3: Agree to Bybit’s Terms of Service and Privacy Policy by ticking the checkbox. Then, click the [Get My Welcome Gifts] button to register your account.

How to buy Popcat: Bybit's account registration page.

Step 4: Check your inbox, open the message sent by Bybit, and copy the 6-digit security code that you need to input into the required field to complete registration.

After creating an account, you must verify it to unlock all trading features on Bybit. To do that, follow the steps below:

Step 1: Log in to Bybit by entering your registered email address and password and clicking [Log in].

Step 2: On the Account & Security section, navigate to [Identity Verification] and click [Verify Now].

How to buy Popcat: a preview of Bybit's account dashboard.

Step 3: Click the [Verify Now] button to start the Know Your Customer (KYC) verification process.

How to buy Popcat: Bybit's Identity Verification page.

Step 4: Choose your region from the dropdown menu and select your preferred document type. Bybit accepts an ID card, passport, driver’s license, and residence permit. Click [Continue] to proceed.

Step 5: On the Identity Verification page, follow the on-screen instructions to complete the process. Wait for Bybit to review and approve your verification. This usually takes a few minutes to a few hours.

By completing these steps, you’ll be able to fully access all the features Bybit offers, including the ability to trade Popcat tokens.

How to Buy Popcat via One-Click Buy

With your account funded, you’re ready to purchase Popcat crypto tokens. Here’s how to buy Popcat using Bybit’s One-Click Buy feature:

Step 1: Log in to your Bybit account and navigate [Buy Crypto] at the top navigation bar. Select [One-Click Buy] from the dropdown list.

How to buy Popcat: a preview of Bybit's homepage highlighting the One-Click Buy button.

Step 2: Choose your preferred fiat currency in the Spend section and enter the amount of money you want to spend on Popcat tokens.

Step 3: Select Popcat (POPCAT) from the list of available cryptocurrencies in the Receive section.

How to buy Popcat: Bybit's One-Click Buy page.

Step 4: Choose a payment method. Bybit accepts peer-to-peer (P2P) to third-party payment methods like Moonpay and Swapple.

Step 5: Review the transaction details, including the current Popcat Solana coin price, and click [Buy Now].

Step 6: Confirm the purchase and wait for the Popcat coins to be credited to your Bybit wallet.

That's it! Using One-Click Buy on Bybit makes purchasing Popcat crypto tokens quick and easy, allowing you to seamlessly add Popcat Solana to your crypto portfolio.

Crypto.com

Crypto.com is a cryptocurrency platform known for its user-friendly interface and extensive range of supported cryptocurrencies. The platform’s mission is to accelerate the world’s transition to cryptocurrency, making it easier for everyone to buy, sell, and spend crypto assets.

Crypto.com features robust security measures, including multi-factor authentication and insurance coverage for digital assets, ensuring that your investments are protected. The app also offers various financial products, such as a crypto Visa card, allowing users to spend their crypto in everyday transactions.

When trading the token on Crypto.com, you’ll benefit from real-time price tracking and competitive fees. The platform provides detailed information on the Popcat market cap and its price movements, helping you make informed trading decisions. So, how to buy Popcat on Crypto.com? Let’s find out.

How to Sign Up and Verify Crypto.com Account

Ready to dive into buying Popcat on Crypto.com? Here’s a simple guide to get you started with creating and verifying your account:

Step 1: Download the Crypto.com app from the App Store or Google Play Store.

Alternatively, visit the official website from your computer and click [Download App]. Then, scan the QR code. It will redirect you to the download page, either App Store or Google Play.

How to buy Popcat: a preview of Crypto.com homepage.

Step 2: Open the app and tap the [Create New Account] button.

How to buy Popcat: Crypto.com Create New Account.

Step 3: Enter your email address and tap [Continue]. An email will be sent to your inbox.

Step 4: Check your email for a confirmation link and tap [LOG IN] to verify your email. You’ll be redirected to the Crypto.com app.

How to buy Popcat: Crypto.com email verification link.

Step 5: Enter and verify your phone number.

Step 6: Create a passcode that contains 6 digits of numbers. This passcode is used to unlock and confirm transactions.

Step 7: Verify your identity to access all Crypto.com features. Tap [Continue] to begin the verification process. Provide your personal information and a government-approved ID.

How to buy Popcat: Crypto.com identity verification.

Sit tight while Crypto.com reviews and approves your verification. This usually takes just a few minutes to a few hours. Once you're verified, you’ll have full access to all the cool features Crypto.com offers, including trading Popcat tokens.

How to Buy Popcat on Crypto.com App

Now that your account is all set, it's time to buy some Popcat crypto tokens. Here's how you do it using the Crypto.com app:

Step 1: Log in to your app and tap the [Trade] button at the bottom of the screen.

How to buy Popcat: Crypto.com app dashboard.

Step 2: Select [Buy] from the two Buy and Sell options on the pop-up window.

Step 3: Search for “Popcat” in the search box and select it from the search results.

How to buy Popcat: Crypto.com list of cryptocurrencies.

Step 4: Enter the amount of fiat currency on Popcat Solana tokens. By the way, you can choose whether to use fiat currency like USD and EUR or Popcat meme coins by tapping the [two arrows] icon. Tap [Buy] to continue.

Step 5: Select the order type to buy Popcat. You can choose one one-time buy, recurring buy, or target price.

Step 6: Choose your preferred payment method. Crypto.com offers credit or debit cards and third-party payments like Google Pay and Apple Pay.

Step 7: Agree to the transaction fee by clicking the checkbox. Then, tap [Continue] to proceed.

How to buy Popcat: a preview Crypto.com transaction fee confirmation window.

Step 8: Review the transaction details and tap the [Buy] button to complete the transaction. Wait for the transaction to go through. Your assets will show up in your wallet once the purchase is complete.

Overall, understanding how to buy Popcat meme coins with the Crypto.com app is a breeze, letting you effortlessly add Popcat to your crypto portfolio.

MEXC

Now, let's discuss how to buy Popcat on MEXC, short for Multi-Exchange Community. This platform is a well-regarded cryptocurrency exchange established in 2018. It has quickly become popular for its wide range of trading options, including spot trading, futures, and margin trading.

MEXC offers a user-friendly interface and an extensive selection of supported cryptocurrencies. It also boasts robust security measures, such as 2FA and regular security audits, for enhanced asset protection. Additionally, MEXC offers competitive trading fees, making it an attractive choice for cost-conscious traders.

If you choose this platform to perform any of the aforementioned actions with the tokens, you'll find the latest price information and an easy-to-navigate trading interface. Additionally, you can monitor the Popcat market cap and track its price movements in real time, making it simple to buy, sell, and trade.

How to Sign Up and Verify MEXC Account

If you’re ready to learn how to buy Popcat on MEXC, the first step is to create and verify your account. Here’s a step-by-step guide to help you get started:

Step 1: Visit the MEXC website and click on the [Login In/Sign Up] button.

How to buy Popcat: a preview of MEXC homepage.

Step 2: Choose how you want to sign up, either with an email address or phone number. Click [Next] to proceed.

How to buy Popcat: MEXC's sign up page.

By the way, MEXC also offers other ways to sign up via Google accounts, Apple accounts, Metamask wallet, and Telegram accounts.

Step 3: Complete the puzzle verification by dragging the slider. You’ll be redirected to the next page.

Step 4: Create a strong password that is at least 10 characters long and includes a combination of lowercase letters, uppercase letters, numbers, and special symbols.

How to buy Popcat: MEXC's account registration page.

Step 5: Agree to the User Agreement and Privacy Policy by ticking the checkbox, then click the [Sign Up] button.

Step 6: Check your email inbox for the 6-digit verification code, which you will need to enter and click [Confirm] to complete the registration process.

After creating an account, you must verify it so you can use the trading features. Here’s how:

Step 1: Log in to your MEXC account. Hover your cursor over the [User] icon and select [Identification].

How to buy Popcat: a preview of MEXC homepage highlighting the Identification button.

Step 2: Navigate to the [Advanced KYC] option and click [Verify via Web].

How to buy Popcat: a preview of MEXC's Identification page.

Step 3: Select your nationality and ID type. Ensure that the nationality must match the issuing country of the document.

How to buy Popcat: a preview of Advanced KYC page on MEXC.

Step 4: Enter the verification page and follow the instructions. Wait until MEXC approves your request, which might take a few minutes to several hours.

Once your account is verified, you can fully utilize the platform's features, including trading Popcat tokens.

How to Buy Popcat on MEXC

Now that your MEXC account is verified, let's learn how to buy Popcat crypto tokens.

Note that you can't directly purchase this cryptocurrency using fiat, debit, or credit card on this specific exchange platform. What you will need to do is deposit a coin like Tether (USDT) and convert it to Popcat. In addition, you must have cryptocurrencies funded on another exchange platform like Binance or Kraken for the withdrawal process.

That said, here’s a step-by-step guide to help you out:

Step 1: Log in to your MEXC account. Hover your cursor over the [Wallet] link and select [Deposit].

How to buy Popcat: a preview of MEXC homepage highlighting the Deposit button.

Step 2: Select the cryptocurrency you want to deposit from the available list and choose your preferred network.

Ensure that your selected crypto and deposit network matches the exchange platform's information. Otherwise, you can’t retrieve your assets.

How to buy Popcat: a preview of MEXC Deposit page.

Step 3: Click the [Copy] icon to copy the deposit address.

Step 4: Withdraw cryptocurrencies from your preferred exchange. Make sure that you've funded the same coins on your chosen exchange. Once confirmed, the deposit will be credited to your MEXC account.

Step 5: Navigate to the [Wallet] icon on the top navigation bar and select [Spot].

Step 6: On the Spot section, search for “Popcat” using the search box and click [Trade]. You’ll be redirected to the spot trading page.

How to buy Popcat: a preview of MEXC Spot Section with Popcat on the Assets List.

Step 7: Enter the amount of cryptocurrencies you want to convert into Popcat.

How to buy Popcat: a preview of the Spot section on MEXC's spot trading interface.

Step 8:  Review the order details and click [Buy POPCAT] to complete the transaction. Wait for the transaction to be processed. Your Popcat coins will be credited to your wallet once the purchase is complete.

Learning how to buy Popcat on MEXC is quite easy since it provides a beginner-friendly interface, and the whole process is made to be simple. As a result, users can effortlessly add Popcat meme coins to their crypto portfolio.

How to Buy Popcat: Alternative Ways

If you're looking for an alternative on how to buy Popcat, decentralized exchanges (DEXs) are an excellent option. But what makes them different from centralized ones?

Decentralized exchanges (DEXs) allow users to trade cryptocurrencies directly from their wallets without needing to create an account or go through verification processes[2]. Unlike traditional exchanges, DEXs don't rely on a central authority to facilitate trade. Instead, they use smart contracts to automatically match buyers and sellers.

Since purchasing Popcat Solana tokens on a DEX requires a crypto wallet, you need to get one first. If you prefer a cold wallet that stores digital assets offline and provides enhanced security features, consider using Ledger Nano X or Trezor Safe 5. That said, a hot wallet like Binance wallet might be your go-to option should you look for more convenience and frequent transactions.

Also, ensure that the wallet you’re using is compatible with Popcat meme coins and supported by your preferred DEX. Once you’ve set up your wallet, let’s dive into how to buy Popcat on Raydium and Orca, two of the leading DEXs on the Solana network.

Raydium

If you’re wondering how to buy Popcat on a decentralized exchange, Raydium is one of the top choices on the Solana network. This platform is a powerful automated market maker (AMM) and liquidity provider. In addition, it offers fast and efficient transactions at a fraction of the cost compared to Ethereum-based DEXs.

How to buy Popcat: Raydium platform.

Additionally, Raydium provides up-to-date price information on cryptocurrencies, and you can easily swap your existing tokens for Popcat coins. The swap feature is straightforward, ensuring you can quickly exchange your tokens at competitive prices. By checking the Popcat market cap and price, you can make informed decisions while trading on Raydium.

How to Buy Popcat on Raydium

For illustrations on how to buy Popcat on Raydium, I use Ledger Nano X. Here’s a step-by-step guide to help you get started:

Step 1: First, you will need to set up your hardware wallet. For Ledger, you will need to download the Ledger Live app on your computer or mobile device. Then, follow the instructions to set up the hardware wallet. In addition, ensure that you've installed the Solana app on the Ledger device.

Step 2: Fund your Ledger wallet with Solana (SOL). You’ll need the aforementioned coin to pay for transaction fees on the Solana network. You can transfer the cryptocurrency from another wallet or buy it directly within the Ledger Live app.

Step 3: Go to the Raydium website. Click the [Connect Wallet] button in the top right corner and select [Ledger]. Ensure the Ledger Nano X device is connected and unlocked during this process.

How to buy Popcat: Raydium's Connect your wallet pop-up window.

Step 4: Once your wallet is connected, navigate to the [Swap] section on Raydium. Here, you can search for "Popcat" in the token list.

How to buy Popcat: Raydium's Select your token pop-up window with Popcat in the search list.

Step 5: Enter the amount of SOL you want to swap. Raydium will then automatically calculate the exchange rate and show you how many Popkat tokens you'll receive.

How to buy Popcat: a preview of Raydium homepage with Solana and Popcat in the Swap section.

Step 6: Review the transaction details, including the Popcat price and swap fees. If everything looks good, click [Swap] to execute the trade.

Step 7: Confirm the transaction on Ledger Nano X. Follow the prompts on the Ledger screen to approve the swap.

After you purchase the Popcat tokens on Raydium, you can view them on the Ledger Live application.

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Orca

Another way how to buy Popcat is by using Orca. It’s a user-friendly DEX built on the Solana blockchain, designed to make DeFi trading accessible to everyone. Launched in 2021, this application focuses on simplicity and ease of use, making it an excellent choice for both newcomers and experienced traders in the crypto space.

One of Orca's unique features is its "Fair Price Indicator". This feature helps users ensure they are getting a good deal by comparing the swap price against market rates.

Regarding transaction fees, Orca stands out with its low costs. The platform charges a 0.30% fee on all swaps, with 0.25% going to liquidity providers and 0.05% going to the treasury. This fee structure is competitive and ensures that you can trade tokens, including the Popcat meme coin, without worrying about high costs cutting into your profits.

How to buy Popcat on Orca

Now, let’s discuss the steps on how to buy Popcat on Orca using Ledger Nano X. Follow the steps below:

Step 1: Connect the Ledger device to your computer via the Ledger Live app. Also, make sure the Solana (SOL) app is installed on your Ledger device.

Step 2: Open the Solana app on Ledger Nano X, and then go to the Orca website on your browser. Click [Connect Wallet] on Orca and select [Ledger] to establish a connection.

How to buy Popcat: Orca Connect Wallet pop-up window.

Step 3: Confirm that your Ledger Nano X has some SOL to cover the transaction fees. If not, you can purchase some on a centralized exchange and transfer it to your Ledger wallet.

Step 4: On the Orca interface, navigate to the [Trade] section. In the [Pay] field, select the token you want to swap (e.g., SOL or USDC), and in the [Receive] field, search for and select Popcat (POPCAT).

How to buy Popcat: Orca's search box with Popcat in the list.

Step 5: Enter the amount of the token you wish to swap for Popcat. Orca will display the current price and the amount of Popcat meme coins you’ll receive after the swap.

How to buy Popcat: a preview of Orca homepage with Solana and Popcat on the Trade section.

Step 6: Review all the details, including the swap fee and the number of tokens you'll receive. If everything looks good, click [Trade] and then confirm the transaction on Ledger Nano X.

That’s it! Once completed, your Popcat tokens will be securely stored in your hardware wallet.

Overview of Popcat

Now that you've learned how to buy this token through various platforms, it's essential to understand what Popcat is and why it has caught the attention of so many crypto enthusiasts. Therefore, let's dive deeper into the origins of this cryptocurrency and the benefits and risks associated with purchasing it.

What is Popcat?

So, what is Popcat? Simply put, it’s a meme coin based on the Solana blockchain, which has quickly gained popularity within the crypto community. Meme coins are typically cryptocurrency tokens that are inspired by internet memes or cultural references, and Popcat is no different.

It draws its name and theme from the viral "Popcat" meme, which became a popular internet sensation. To be more specific, the joke features a cat making a "pop" sound with its mouth. This led to the creation of the Popcat meme coin, capitalizing on the popularity of this internet trend.

How to buy Popcat: a preview of Popcat about page.

That said, you might have heard of “Popcat Classic”. If you haven't, it’s a simple game where you click on a cat's mouth to score points. It's a fun, addictive game that gained massive popularity online.

But what is the relationship between the meme coin and the Popcat Classic game? In essence, the relationship between the two is that Popcat Classic inspired the creation of the coin. Also, there’s an overlap in fans of the game who might also be interested in cryptocurrencies.

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Benefits and Risks of Buying Popcat

Now that you already understand the answer to the “What is Popcat?” question, let’s explore the pros and cons of buying Popcat crypto tokens.

Benefits of Buying Popcat

One of the biggest draws is the strong community backing Popcat. Meme coins like this often thrive because of their viral nature and the buzz they generate on social media. If you get in at the right time, you could see some impressive returns as the community rallies behind the coin.

Another benefit is the low transaction fees when trading Popcat on the Solana blockchain. Because the latter is known for its speed and low costs, you won’t be losing chunks of your investment to high fees, which can be a problem with other networks like Ethereum. 

Lastly, because Popcat is built on the Solana network, it benefits from the blockchain's robust security and fast transaction times. This means you can trade Popcat quickly and with confidence that your transactions are secure.

Risks of Buying Popcat

Of course, buying Popcat isn’t without its risks. The biggest one? Volatility. Meme coins are notorious for their wild price swings. Popcat’s value can skyrocket one day and plummet the next, often driven by nothing more than social media chatter.

Another risk is the speculative nature of this coin. Unlike major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which have a clear use case or technology behind them, Popcat’s value is mainly tied to its meme status and the enthusiasm of its community. If the hype dies down, so could the value of the coin, potentially leaving you with losses.

How to buy Popcat: Ethereum community.

Lastly, Popcat's meme coin market is incredibly crowded. New cryptocurrencies pop up all the time, and staying relevant can be a challenge. While Popcat has its moment now, there’s always a chance that another meme coin could steal the spotlight, leaving Popcat in the dust.

So, if you’re thinking about how to buy this cryptocurrency, it’s essential to weigh these benefits and risks carefully. I highly recommend doing your own research on the cryptocurrencies you’re about to buy and keeping an eye on the ever-changing market trends.

Conclusions

In conclusion, learning how to buy Popcat is a straightforward process once you’re familiar with the various platforms available.

Whether you choose Bybit, Crypto.com, or MEXC, each exchange offers unique features and benefits, ensuring you have multiple options to acquire Popcat tokens with ease. Additionally, for those who prefer decentralized exchanges, platforms like Raydium and Orca provide an alternative way of buying Popcat directly from your crypto wallet with potentially low transaction fees.

What’s more, Popcat is a meme coin with a vibrant community that thrives on the viral nature of internet culture. However, while it has the potential for significant gains, it’s essential to remain cautious due to the inherent risks of buying meme coins. The volatile market and speculative value can lead to both impressive returns and potential losses.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.


Scientific References

1. S. Hägele: ‘Centralized exchanges vs. decentralized exchanges in cryptocurrency markets: A systematic literature review’;

2. K. Shah, D. Lathiya, N. Lukhi, et al: ‘A systematic review of decentralized finance protocols’.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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FAQ

How to buy Popcat on Bybit?

As I've mentioned in this how-to-buy Popcat guide, you can purchase this meme coin on Bybit by using the One Click Buy feature. Log in to your account, navigate to the "Buy Crypto" section, and select the "One-Click Buy" option. Choose your preferred fiat currency, enter the amount you wish to spend, and select Popcat from the list of available cryptocurrencies. Finally, confirm your purchase, and the Popcat tokens will be credited to your Bybit wallet.

Is Popcat legit?

When exploring how to buy Popcat, you might wonder, Is Popcat legit? The answer is: Yes, Popcat is a legitimate cryptocurrency project. It started as a meme coin on the Solana blockchain, inspired by the viral Popcat meme. Initially, the project struggled with low activity, but it was revitalized by the community, making it 100% community-owned and immutable. If you're interested in purchasing Popcat meme coins, consider storing them in a hardware wallet like Ledger Nano X or Trezor Safe 5, as the wallet offers robust security measures, and you're in full control of your private keys.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no "other person" - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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