Bybit’s sudden exit from France has left its users looking for alternatives. The crypto exchange was forced to leave the French market following regulatory troubles.
If you are looking for other exchanges to trade cryptocurrencies in France, then this article is for you. We have listed top trading platforms known for deep liquidity and high security. Read on to learn more about them.
Binance, the world’s number one crypto exchange by trading volume, offers its services to French citizens. The platform has deep liquidity, thus ensuring minimal price slippage. As of this writing, Binance has listed over 410 cryptocurrencies. It also supports 12 fiat currencies,
Besides supporting spot and futures trading, Binance gives users access to decentralized finance to explore various investment opportunities, such as staking.
Pros and Cons
Pros
1. Binance executes trades fast and at optimal prices.
2. It promotes diversification by giving access to DeFi.
3. The exchange lists most of the well-known cryptocurrencies like Bitcoin and Ethereum.
4. As a Binance user, you get access to advanced trading tools that simplify your crypto journey.
Cons
1. Binance’s customer support team has been criticized for taking too long to respond to clients’ issues.
Bitget
Known for its user-friendly interface, Bybit is a leading crypto exchange offering various services such as staking, spot trading, and futures trading. Moreover, its fee structure is competitive. You will be charged a maker and a taker fee of 0.1%.
What about Bitget’s asset offering? The exchange has listed over 800 cryptocurrencies, providing users with a wide range of options to trade.
If you do not have the skills required to close profitable trades, Bitget gives you access to its copy trading feature, which allows you to follow the strategies of professional traders.
Pros and Cons
Pros
1. Bitget’s easy-to-navigate interface enables users to explore various services without help.
2. The platform charges low trading fees.
3. Its copy trading feature allows novice users to profit from the crypto markets even without extensive trading knowledge.
Cons
1. Users who prefer trading crypto while maintaining their privacy might be turned off by the mandatory KYC requirement.
BYDFi
If you don’t want to complete the Know Your Customer procedure on Bitget, make ByDFi your top choice. The crypto exchange prioritizes user privacy, allowing customers to trade without verifying their identity. It also comes with copy trading functionality that enables newbies to trade cryptocurrencies under the guidance of experienced traders.
BYDFi is an ideal crypto exchange for traders who prioritize low trading costs. It charges a taker and maker fee of 0.098%.
Pros and Cons
Pros
1. BYDFi’s intuitive interface makes it easy for novice users to navigate.
2. The implementation of two-factor authentication offers an extra layer of security.
3. BYdFi users have access to over 300 cryptocurrencies.
Cons
1. The platform has a dedicated learning section for new users.
2. Less-known trading pairs may encounter liquidity issues.
BingX
As a leading crypto exchange, BingX has put a strong emphasis on user security to allow customers to trade their favorite cryptocurrencies without worrying about the safety of their funds. As of August 2024, BingX supports over 850 digital currencies. Notably, it has also listed various indices and commodities like Gold.
Pros and Cons
Pros
1. BingX’s customer service is reliable.
2. The platform offers high leverage on specific trading pairs, thus increasing potential returns for traders.
3. Beginners can copy the strategies of expert traders to earn from the crypto markets.
Cons
1. BingX offers limited opportunities for generating passive income.
BloFin
Like BingX, BloFin offers high leverage of up to 150x. Therefore, this exchange is ideal for crypto traders who want to participate in derivatives trading. Its fees are also affordable, with users paying a maker fee of 0.02% and a taker fee of 0.06%.
Pros and Cons
Pros
1. A wide range of learning resources is available.
2. BloFin enables users to automate their trading strategies using bots.
Cons
1. The exchange lists fewer cryptocurrencies (98) than its competitors.
