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Top 10 Crypto Exchanges: Where to Trade Amid Monero's Big Intraday Drop
Monero (XMR),How much pi will be in 2050? a well - known privacy - focused cryptocurrency, has recently experienced a significant intraday drop. This kind of market movement can create both risks and opportunities for traders. Here, we'll introduce the top 10 crypto exchanges where you can trade Monero and other cryptocurrencies, especially when dealing with the volatile situation caused by Monero's price plunge.
1. Binance
Binance is one of the largest and most popular cryptocurrency trading platforms globally. It was established in 2017 and is headquartered in Malta. Binance supports trading of over 150 different cryptocurrencies, including Bitcoin, Ethereum, and of course, Monero. It is renowned for its low trading fees, high liquidity, and a vast number of trading pairs. With a 24 - hour trading volume of 134 billion yuan as of July 1, 2025, and 517 tradable coins, Binance caters to users from all around the world. It offers both simplified and traditional Chinese language support, making it accessible to Chinese - speaking users. Whether you're a novice or an experienced trader, Binance provides various trading services such as spot trading, margin trading, and futures trading.
FAQ
Q: Is Binance safe to trade Monero during its big intraday drop?
A: Binance has a relatively high - level security system. However, during extreme market fluctuations like Monero's big drop, there are still risks. Always DYOR and use proper risk - management strategies.
2. Bybit
Founded in March 2018, Bybit is another global crypto exchange. It supports 729 different cryptocurrencies for trading. With a 24 - hour trading volume of 27 billion yuan, Bybit has a considerable user base. The exchange offers a user - friendly interface and supports simplified and traditional Chinese. Bybit provides services such as contract trading, which allows traders to use leverage to potentially amplify their profits (but also increases risks). In the context of Monero's price drop, Bybit can be a platform for traders looking for short - term trading opportunities.
FAQ
Q: What are the advantages of trading Monero on Bybit?
A: Bybit offers high - liquidity trading and a variety of trading products. The contract trading feature can be used to profit from both upward and downward price movements of Monero.
3. Coinbase Exchange
Coinbase Exchange was established in June 2012 and is based in San Francisco, USA. It is one of the most well - known and trusted crypto exchanges globally. Coinbase supports the trading of multiple cryptocurrencies, including Bitcoin, Ethereum, and Monero. With a 24 - hour trading volume of 21 billion yuan and 296 tradable coins, it has a large user base across more than 100 countries and regions. Coinbase is famous for its security, ease of use, and compliance. It is a suitable choice for beginners who are new to the crypto market and want to trade Monero safely.
FAQ
Q: Can I trust Coinbase with my funds when trading Monero?
A: Coinbase has a long - standing reputation for security and compliance. It is regulated in the United States and has strict security measures in place. However, no exchange is completely risk - free, so it's important to take your own precautions.
4. Upbit
Upbit was founded in 2017. Although it doesn't support Chinese language at present, it has a global user base. With a 24 - hour trading volume of 11 billion yuan and 256 tradable coins, Upbit provides a platform for trading various cryptocurrencies, including Monero. It offers a stable trading environment, and its trading system is designed to handle large - scale trading activities.
FAQ
Q: Why is Upbit a good option for Monero trading?
A: Upbit has a certain level of liquidity and a wide range of trading options. Even though it lacks Chinese language support, it can still be a reliable choice for global traders.
5. OKX
OKX was launched in 2017. It supports 343 different cryptocurrencies and has a 24 - hour trading volume of 22 billion yuan. The exchange offers services such as spot trading, margin trading, and futures trading. OKX is well - known for its advanced trading features and security. It provides support for both simplified and traditional Chinese, which is convenient for Chinese - speaking users. When Monero experiences a big intraday drop, OKX's various trading tools can help traders manage their positions effectively.
FAQ
Q: What trading tools does OKX offer for Monero trading?
A: OKX offers features like stop - loss orders, take - profit orders, and different types of margin trading, which can be used to manage risks and potentially profit from Monero's price movements.
6. Bitget
Bitget was founded in 2018. It has a 24 - hour trading volume of 32 billion yuan and supports 751 tradable coins. Bitget is popular for its innovative trading products and services, such as copy - trading, which allows novice traders to follow the trades of experienced ones. For traders looking to trade Monero during its price drop, Bitget's diverse trading options and user - friendly interface can be quite appealing.
FAQ
Q: How does copy - trading on Bitget work for Monero trading?
A: You can select experienced traders on Bitget and automatically copy their trading strategies for Monero. This can be a good way for beginners to enter the market during a volatile period.
7. MEXC
MEXC was established in April 2018. With a 24 - hour trading volume of 31 billion yuan and 1969 tradable coins, MEXC is a comprehensive cryptocurrency exchange. It offers a wide range of trading pairs and services, including spot trading and margin trading. MEXC supports simplified and traditional Chinese, making it accessible to a large number of users. When Monero's price drops, MEXC's high - volume trading environment can provide good liquidity for traders.
FAQ
Q: What is the advantage of MEXC's large number of tradable coins for Monero traders?
A: A large number of tradable coins means more trading opportunities and the ability to diversify your portfolio. You can also use other coins to hedge your Monero positions.
8. Gate
Gate was founded in 2013. It supports 2078 different cryptocurrencies and has a 24 - hour trading volume of 24 billion yuan. Gate offers a secure and stable trading environment. It provides a variety of trading services, including spot trading, futures trading, and lending. Gate's long - standing presence in the market gives it a certain level of credibility. When trading Monero during its price drop, Gate's multiple trading options can help you adapt to different market situations.
FAQ
Q: Can I lend my Monero on Gate?
A: Yes, Gate offers lending services. You can lend your Monero to earn interest, but be aware of the associated risks.
9. Kraken
Kraken is one of the earliest Bitcoin exchanges, established in 2011 and headquartered in San Francisco, USA. It supports trading of multiple cryptocurrencies, including Monero. Kraken is well - known for its security, stability, and compliance. It offers services such as margin trading and futures trading. With a long - standing reputation in the market, Kraken is a reliable option for traders looking to trade Monero, especially during market uncertainties.
FAQ
Q: Is Kraken suitable for risk - averse traders during Monero's price drop?
A: Yes, Kraken's focus on security and compliance makes it a good choice for risk - averse traders. Its margin trading also allows for risk - controlled trading strategies.
In conclusion, when Monero experiences a big intraday drop, these top 10 crypto exchanges offer different features and services to meet the needs of various traders. However, always remember to conduct thorough research (DYOR) and manage your risks carefully before making any trading decisions.