The success of ICO in the past years has helped blockchain technology tap into the consciousness of investors of all types. However, along with the hype are the existence of scammers who want to take advantage of this new and innovative technology in a still freshly regulated industry. Due to this, it has become a challenge for legit companies to market their ICO.
Whilst there were hundreds of ICO launched in the past years, only less than half of them were successful. This year, more and more countries are putting their foot down and starting to regulate the industry. In 2017, less than 50% of the ICOs launched were successful and about 25% of the $5.6 billion raised came from 10 projects. These numbers caused investors to be more careful about startups they want to invest in lest they want to be scammed of their hard-earned money.
Along with these changes in the crypto sphere, some cryptocurrency holders find it hard to profit from their tokens. Still, there are a ton of investors who are willing to trade their tokens as cryptocurrencies have time and again proved themselves as a safe haven against inflationary policies. Whilst some investors secure cryptocurrencies for their retirement, others are more active and engage in speculation with short-term trading.
Best Markets For ICO Exchange
Binance is one of the rapidly growing exchange markets for ICO. It concluded its ICO in 2017 and had successfully raised $15 million. Registered in Malta, a crypto heaven, Binance offers a mobile app for both iOS and Android to allow investors to trade on the go.
Since its ICO, Binance has grown exponentially and is now included in the top 10 cryptocurrency exchanges worldwide. The platform is a centralised exchange that provides generous discounts for day traders for those using BNB coins or Binance Coin, the native currency of the platform. Most investors will find the platform fee structure to their liking. They offer a 0.1% standard trading fee, a lot less than most platforms. This fee can be further reduced if using BNB.
Another great thing about Binance is its aggressive plans such as multi-lingual support, Community Coin Per Month, and Binance Angel Program.
KuCoin is among the strongest ICO exchanges in the market today. The platform offers easy and hassle-free cryptocurrency exchange with its huge assortment of popular and unique coins including $KCS and DragonChain. Similar to Binance, KuCoin also has a mobile app for iOS and Android users. Aside from this, KuCoin also has tons of amazing features like Exchange coin and Margin trading. Investors can start trading by simply depositing any crypto of choice.
Another popular ICO exchange market is BitMex. The platform is a high volume crypto exchange market backed by well-known economists and high-frequency traders and well-known web developers in the industry. Its primary coin for trading is Bitcoin but investors can also play around with future contract for altcoins like Ethereum, Ripple, Litecoin, Cardano, and Bitcoin Cash. Most cryptocurrency traders never have to worry about the liquidity of assets.
BitMex is also widely liked for its ease of registration. Users simply have to register using email ID and start trading. The fee structure is pretty straightforward too as you can see below:
|COINS||LEVERAGE FEE||MAKER FEE||TAKER FEE||SETTLEMENT FEE|
|Bitcoin Cash (BCH)||20X||-0.0500%||0.2500%||0.0000%|
Changelly is known for its instant conversion and for offering one of the easiest ways to take hold of various cryptocurrencies. Some of the supported currencies in the platform include Cardano, Bitcoin, Lunyr, Ethereum, Ripple, NXT, and Aion among others.
The platform has a proven track record of providing a consistent roster of products as they are put into the crypto space. As soon as investors connect to the platform, bots would connect in real time to some of the best cryptocurrency exchanges in the market today to provide the most accurate rates. Changelly does not require investors to go through a lengthy registration and verification process. Users can simply log in with email ID and begin exchanging. Aside from cryptocurrencies, Changelly also support fiat pairs like USD/EUR.
The platform charges a minimal commission fee of 0.5% for each successful trade. Users must also pay a miner’s fee, deductible from the user’s crypto balance.
Bittrex is a cryptocurrency exchange platform based in the US that allows investors to trade over 190 cryptocurrencies. Users are assured of safety as the company is well-regulated and compliant with all the US rules and regulations on cryptocurrencies. It handles one of the biggest Bitcoin trading volumes in all of the exchanges globally.
The platform also provides users unlimited access to advanced trading tools like crosshairs and candlestick charts. They boast of a clean user interface that is easy to navigate and understand.
In the platform, users (both users and sellers) can decide the rates they want to use when trading. Bittrex will then charge a minimal service fee of 0.25%.
In compliance with US rules, users must complete a KYC by sending identification documents and an active phone number when withdrawing funds. This should not be an issue since Bittrex has an accurate and quick account verification process.
Users of the platform can choose from two account types:
- Basic Account – up to 3BTC withdrawal limit daily
- Advanced Account – up to 100BTC withdrawal daily
Do note that Bittrex is exclusive for cryptocurrencies and does not accept fiat currencies like USD, GBP, or EUR.
Poloniex was founded by Tristan D’Agosta in January 2014 and has since become one of the biggest cryptocurrencies exchange platforms in the world. Based in the US, the platform accepts more than 100 cryptocurrencies for trading. It had the highest volume for ETH in 2017, making it one of the platforms with the largest volume.
Now that you have an idea of the top ICO exchange platforms out there, rack up on your inventory and start trading now.