Top Cryptocurrency Exchanges by Trading Volume in 2020
1. Spot Trading Volume
Based on 24-hour spot trading volume, Binance emerged as the largest cryptocurrency exchange globally, with a staggering $10 billion daily trading volume. Binance is highly international, catering primarily to users outside its home region.
2. Futures Trading Volume
For futures trading, BitMEX dominated with $3 billion in daily volume, significantly outpacing traditional platforms like CME. BitMEX specializes in Bitcoin futures and supports only BTC deposits/withdrawals.
3. Global Influence
When considering regulatory compliance, fiat support, and adoption (particularly in Western markets), Coinbase holds greater influence than Binance. With 1 million Twitter followers and a lean portfolio of 5 supported assets, Coinbase processes up to $500 million daily—making it a "silent giant." Note: Taiwanese residents cannot trade on Coinbase but may use it as a wallet.
How to Buy/Sell Bitcoin in Taiwan?
Taiwan offers three primary avenues for BTC transactions:
Option 1: Local On-Exchange Platforms
- MAX (Maicoin) and BitoEx: These Taiwan-based exchanges allow direct NT$-to-BTC purchases at listed prices, making them the most popular choice.
Option 2: Convenience Stores
- FamilyMart: Supports BTC purchases via BitoEx’s实名制 (real-name verification) system. Users must register on BitoEx before utilizing FamilyMart’s payment service.
Option 3: Over-the-Counter (OTC) Platforms
- LocalBitcoins: A peer-to-peer platform where buyers/sellers transact in NT$. Local listings aggregate Taiwan-specific offers for easier price comparisons.
👉 Compare Bitcoin exchange rates in Taiwan
Key Considerations:
- LocalBitcoins prices are ~3% cheaper than BitoEx, where spreads can reach 10%.
- For altcoin trading or leverage, transfer funds to Binance (spot) or BitMEX (futures).
2020 Top 10 Global Cryptocurrency Exchanges
| Rank | Exchange | Fee Rate | Supported Coins | Trading Type | Leverage | 24H Volume ($B) | Rating |
|------|----------------|----------|-----------------|--------------|----------|-----------------|--------|
| 1 | Binance | 0.1% | 280 | Spot | 5x | 2.5 | ★★★★★ |
| 2 | BitMEX | 0.075% | 10 | Futures | 100x | 10.0 | ★★★★★ |
| 3 | Huobi | 0.2% | 256 | Spot | 20x | 2.0 | ★★★★★ |
| 4 | Coinbase | 0.2% | 356 | Spot | – | 1.5 | ★★★★★ |
| 5 | OKEx | 0.2% | 356 | Futures | 100x | 0.3 | ★★★ |
(Table truncated for brevity; full rankings available in original.)
Must-Know Tips for Crypto Trading Beginners
- Binance: Supports crypto-to-crypto only; no direct NT$ deposits. Fund via OTC platforms first.
- BitMEX: Bitcoin futures exclusively (100x leverage). No fiat support—BTC-only transfers.
- Deribit: Offers BTC options/futures (100x leverage). BTC deposits/withdrawals only.
👉 Learn advanced Bitcoin trading strategies
FAQ
Q1: Can Taiwanese users trade on Coinbase?
A: No. Coinbase restricts accounts from Taiwan but permits wallet usage.
Q2: Which exchange has the lowest fees?
A: Binance (0.1% spot) and BitMEX (0.075% futures) offer competitive rates.
Q3: Is FamilyMart BTC purchase instant?
A: No—BitoEx registration and real-name verification are required first.
Q4: What’s the safest way to buy Bitcoin in Taiwan?
A: Licensed exchanges like MAX or BitoEx provide regulated NT$ onboarding.
Q5: How does LocalBitcoins work?
A: It matches local buyers/sellers via escrow, with prices set by market demand.
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