The six cryptocurrency exchanges that support the buying and selling of Kaspa.
Ex-Change hands
A cryptocurrency exchange is a platform that allows users to buy, sell, and trade cryptocurrencies. Cryptocurrency exchanges can either be centralized or decentralized.
Centralized exchanges (CEXs) are platforms that operate as a centralized authority, meaning that they control users’ assets and manage transactions on behalf of their users. Although centralized exchanges are usually frowned upon for their control over digital assets, CEXs typically have more capabilities across different crypto chains and remain the best way to exchange fiat currencies for digital currencies.
On the other hand, decentralized exchanges (DEXs) are platforms that operate on a decentralized blockchain network, meaning that users have more control over their assets. The exchange is not subject to the same level of regulation as centralized exchanges.
The following Spot Trading Volumes are provided from CoinMarketCap on February 20th, 2023.
Centralized
MEXC is the most prominent exchange that offers Kaspa at a CMC Spot Trading Volume of $2,124,683,612.73(24hr). In addition, MEXC provides access to spot, margin, and futures trading. Founded in 2018, users can purchase cryptocurrencies using credit or debit cards, global bank transfer, P2P trading, and third-party payments such as Simplex, Banxa, and Mercuryo. The exchange serves over 200 countries and has more than 6 million users. It holds key licenses in countries like Australia, Estonia, and the United States.
CoinEx is the second largest to support Kaspa with a CMC Spot Trading Volume of $45,625,247.87(24h). Founded in December 2017, CoinEx is a global cryptocurrency trading platform providing Spot, Margin, Futures, Swap, AMM, financial services, and other trading functions. Favored by 3 million+ users in over 200 countries and regions, it now supports 16 languages and customer service within 2,000+ communities.
TxBit is third on the list for CEXs in the CMC Spot Trading Volume of $5,961,194.23(24h). Txbit was founded in 2016 by a group of crypto enthusiasts. After some beta versions, the platform launched at the start of 2018. Txbit Global Services Limited is the company behind Txbit Exchange which is incorporated in the Republic of Seychelles. TxBit offers crypto-to-crypto and crypto-to-fiat trading without the complexity of margin trading, futures, and loans.
TradeOgre has a CMC Spot Trading Volume of $1,554,182.74(24h). TradeOgre is a centralized cryptocurrency exchange established in 2018. Its domicile country is unclear. There is no info on the team behind the CEX or any security measures adopted either. Tradeogre supports many altcoins and offers low trading fees, making it an attractive option for users who want to trade lesser-known cryptocurrencies.
Exbitron Spot Trading Volume is untracked by Coin Market Cap. Launched in May 2021, Exbitron is a centralized exchange based in Germany, aiming to provide the lowest fees possible. This CEX specializes in altcoins and newly launched projects. On January 31st, 2023, Exbitron suffered an attack but has been up and running since.
Decentralized
ViteX has a CMC Spot Trading Volume of $49,681.66(24h). ViteX is a DEX, a decentralized exchange that uses its own high-performance blockchain for order matching, asset management, and cryptocurrency trading. With every process running and published on the project’s public chain, ViteX seeks to provide transparency to its users. Launched in Jul 2019, ViteX was developed by a company registered in the British Virgin Islands.
Tip: Storing cryptocurrency off exchanges is typically considered a safer option by giving the user control over their private keys, reducing the risk of losing funds due to security breaches or exchange shutdowns, and supporting the decentralized nature of cryptocurrency: Kaspa Wallets — Non-custodial Options for KAS
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