The crypto industry is growing at its fastest rate and evolving as many exchanges are starting up year in and year out. For anyone looking to enter the crypto market and choosing an exchange, it can be difficult to make the right choice considering the growing number of exchanges.

However, when choosing an exchange, one question that comes to mind is how trustworthy and secure the platform is before considering other factors. As nobody wants to end up getting ripped off of their investment.

Top Crypto Exchanges Ranked By Trust Score

In order to assist you in making the right decisions, we are going to be discussing the top crypto exchanges ranked by trust score. The platforms on our list of the top crypto exchanges ranked by trust score are some of the most popular and biggest players in the cryptocurrency exchange sphere.

Our Top Crypto Exchanges Ranked By Trust Score

1. Binance  

Binance is currently the biggest crypto exchange in the world. Due to its great features and the variety of currencies accepted, Binance has become the number one platform for both investors and traders. It is also the biggest by trade volume and net valuation. 

Binance prioritizes the security and protection of its user’s assets and information. Transactions are streamlined with 2FA and other strong measures. It also demonstrates transparency and trust by conducting frequent audits.

Trust Score: 10

2. Coinbase 

Coinbase is a very popular and leading crypto exchange, as well as one of the biggest by volume and valuation. With its operations in over 100 countries, it has earned itself a good reputation for its great approach to the security of its customers’ assets.

Most of its users’ funds are stored in cold rooms to ensure the protection of digital assets. Hence, users have nothing to worry about when it comes to the security of their assets. It also has strong measures and user requirements, as well as helping newbies get the needed information about trading on the platform. With these and more other offers, it is rated as one of the most trusted crypto exchanges for both experts and newbies.

Trust Score: 10

3. Bybit

Bybit is the third top crypto exchanges ranked by trust score. It prioritizes stringent security measures to ensure the platform is a safe space for investors. Users’ funds are stored in multiple cold wallets. It also implements strong risk management to reassure its commitment to trust, transparency, and integrity. Insurance is also provided in case of an unforeseen event.

Trust Score: 10

4. OKX 

Okx is our fourth top crypto exchanges ranked by trust score with a high reputation. It offers a marketplace for its users to trade, buy, and sell different cryptos. It also features futures, options, and margin trading. The exchange is keen on the protection of assets as it deploys stringent security measures, which include storing most of the assets in a cold space, 2FA, and a special risk management system. All to ensure a good environment for crypto trading. It also accepts a wide range of cryptocurrencies.

Trust Score: 10

5. Kucoin

Kucoin is one of the most popular and oldest crypto exchanges. The exchange is committed to ensuring the security of its user’s assets as well as maintaining a safe space for them to trade. It deploys strong and strict measures as well as storing assets in cold storage. It allows over 800 cryptocurrencies, making it the biggest in terms of tradable coins.

Trust Score: 10

Bottom Line

In choosing a good exchange, trustworthiness should be evaluated and measured before you make your decisions. The ones listed here have built a reputation for trust over time. However, it is best to make further findings, as trust is bound to change over time too. You also need to consider an exchange that offers what you need and has the necessary measures in place to ensure your assets are safe. 

If you found this article on top crypto exchanges ranked by trust score helpful, you will find this article on top crypto exchanges based on volume helpful. You should Visit again.