In this article, we will examine the 12 best cryptocurrency exchanges and apps in 2023. We have scoured different crypto forums online, including Reddit threads, and listed all cryptocurrency exchanges and apps with the best customer and user reviews in 2023. We took into account different indicators while narrowing down our selection, such as reliability, security, ease of use, support for different coins, ease of withdrawal and deposits, among other factors.
Earlier this year, Grayscale Investments scored a legal win after a court ruled that the SEC shouldn’t have rejected its application to convert its Bitcoin trust into a spot Bitcoin ETF. Grayscale recently filed a form S-3 with the SEC to register its $18 billion Bitcoin trust as a product under the Securities Act of 1933.
A 2023 outlook report on cryptocurrencies published by BitMex earlier this year said that it was unlikely that the Federal Reserve would keep raising interest rates. The report was optimistic amid signs of declining inflation and economic reopening in China. But the latest comments from the Federal Reserve’s chair Jerome Powell have made it clear that the central bank is more than ready to keep raising rates if inflation does not get back to its required levels. The BitMex report advised investors to practice caution and only invest in “legitimate” crypto projects with real use cases.
The survey also showed some other interesting results which demonstrate the customer psychology in the industry: All respondents who are currently investing in digital assets own Bitcoin and 87 percent currently hold Ethereum – comprising 19 percent and 20 percent of their digital asset holdings respectively. The top three areas of interest for them with regards to digital assets are store of wealth, decentralised finance and non-fungible tokens/metaverse.
Amid this backdrop, countless crypto predictions are started to flood the markets, estimating that cryptocurrencies could register huge rebound this year and in 2024 and beyond. One such prediction came from a crypto analyst known by their pseudo name TechDev, who is very famous on Twitter and is known for their accurate predictions. Earlier this year TechDev said that Bitcoin could be on the cusp of major rebound, possibly reaching a price range of $100,000 to $140,000 by or before 2025. Another prediction earlier this year came from Standard Chartered Bank, where analysts said that Bitcoin could reach $50,000 by the end of the year, and $120,000 by the end of 2024.
The biggest challenge for the crypto world is its inability to mark a real dent in the actual economy. A Wall Street Journal report earlier this year highlighted that gaming could be the answer to this question. In video games players can buy and sell items using crypto, nonfungible tokens and other digital coins.
Below, you can find our list of the 12 best cryptocurrency exchanges and apps in 2023.
1. Robinhood Markets, Inc. (NASDAQ:HOOD)
2. xGo
3. Binance
4. NDAX
5. KuCoin
6. Coinbase Pro/Advanced Trade
7. Bybit
Robinhood Markets, Inc. (NASDAQ:HOOD) is a good option for using debit card instant deposit and buying Bitcoin and withdrawing to a cold wallet. The platform is praised for its easy to use design, speed and seamless user experience.
Binance
