The cryptocurrency industry is actively developing in Kazakhstan – in 2021, miners from China began to actively stream there, which significantly influenced the progress of the industry. According to
As exchanges of stablecoins are cryptocurrency platforms that list stablecoins, tokens pegged to the value of a dollar or other real asset. Examples of such tokens are USDT , USDC , COME ON , BUSD .
In this article, our our editors talked about the most popular and secure platforms for trading these assets . Despite scrupulous study and market monitoring, it will not be possible to hide absolutely all the brokers – stablecoins are supported everywhere, this is one of the key elements of the cryptocurrency market, without which it is difficult to imagine a full range of operations in the cryptocurrency space.
Top 5 Cryptocurrency Exchanges for Stablecoins, According to Experts:
- Binance . USDT, FDUSD, BUSD, USDC, USDP, DAI are supported. The exchange works with all major stablecoins. BUSD is no longer issued, but it is in circulation.
- Bybit . USDT, USDC, DAI, BUSD, CUSD are supported. Large selection of trading pairs for exchanging stablecoins for cryptocurrency.
- OKX . USDT, USDC, DAI, USDK are supported. Cryptocurrency exchange for stablecoins with low fees.
- Gate.io . _ USDT, USDD, DAI are supported. The broker has extensive functionality for both trading and investing.
- MEX . USDT, USDC, DAI, USDP, USDD, USDJ, USDN are supported. A stablecoin exchange plus a multitude of trading and investment instruments of various types.
- KuCoin . USDT, USDC, USDD, TUSD, BUSD, USDP, USDJ, OUSD are supported. A cryptocurrency exchange with a large selection of stablecoins of varying degrees of popularity.
- Bitget . USDT, USDC, DAI are supported. A useful exchange for algorithmic trading using stablecoins.
- BingX . USDT, TUSD, DAI, FDUSD, USDC, BUSD, PYUSD are supported. It has been successfully operating since 2018, providing functionality for trading stablecoins, bitcoin, and altcoins.
Examples and comparative analysis of exchanges that support stablecoins:
| Exchange name | Link | Stablecoins | Mandatory verification | Demo account | Proof of Reserves | Trading Fees |
|---|---|---|---|---|---|---|
| Binance | binance.com | USDT, BUSD, DAI | sim | sim | sim | Spot: 0.15 to 0.1%. Futures: maker* -0.01 to 0.05%. |
| Bybit | bybit.com | USDT, USDC, DAI, BUSD, CUSD | sim | sim | sim | Spot: from 0 to 0.1%. Futures: from 0 to 0.06%. |
| OK | okx.com | USDT, USDC, DAI, USDK | No | sim | sim | Spot: -0.05 to 0.1%. Futures: 0.005 to 0.05%. |
| cooperative | huobi.com | USDT, USDC, DAI, USDP, USDD | No | No | sim | Spot: from 0.0097 to 0.2%. Futures: from 0.005 to 0.05%. |
| Gate.io | gate.io | USDT, USDD, DAI | No | No | sim | Spot: from 0 to 0.2%. Futures: from 0 to 0.05% |
| MEX | mexc.com | USDT, USDC, DAI, USDP, USDD, USDJ, USDN | No | sim | No | Spot: from 0 to 0.2%. Futures: from 0.014 to 0.06%. |
| Bitget | bitget.com | USDT, USDC, DAI | No | sim | sim | Spot: up to 0.1%. Futures: up to 0.06%. |
| KuCoin | kucoin.com | USDT, USDC, USDD, TUSD, BUSD, USDP, USDJ, OUSD | sim | No | sim | Spot: -0.005 to 0.1%. Futures: 0.014 to 0.06%. |
How do we choose the best stablecoin exchanges?
When compiling an expert-made list, consider the selection of stablecoins and other currencies available on the exchange, fees, functionality, order types, and trading volume.
It is also very important to calculate the platform's security level, study reviews about it and its history of successful operations in the market.
Centralized Exchanges (CEX)
Exchanges Centralized means platforms that have a single means of data processing – they store user funds, match orders, and perform transactions. This option has its drawbacks, but it cannot be denied that it is the most convenient and fastest in terms of trading.
1 Binance
- Year started: 2017
- Stablecoins suportados: BUSD, USDT, TUSD, USDC, USDP, DAI, etc.
- Daily trading volume (spot market): US$ 7,642,862,087
- Business: binance.com
The best exchange in terms of trading volume and number of active users. It supports trading with all popular cryptocurrencies; it is also where tokens of new and promising projects often appear, which the broker supports, including by conducting IEOs.
2. OKX
- Year started: 2013
- Stablecoins suportados: USDT, USDC, USDP, USDK, DAI, etc.
- Daily trading volume (spot market): US$861,179,737
- Business: okx.com
Another leading broker that allows you to trade a large number (350+) of cryptocurrencies and tokens. The platform also includes a number of decentralized finance tools, an IEO platform, a mining pool, and an integrated trading bot.
3 Bybit
- Year started: 2018
- Supported stablecoins: USDT, BUSD, USDC, DAI, etc.
- Daily trading volume (spot market): US$ 262,032,972
- Business: bybit.com
A multifaceted ecosystem with which you can comfortably work with spot, futures, and margin trading instruments without verification. The broker imposes minimum requirements on the user, while offering a wide range of bonus rewards for deposits or trades.
4 Currency.com
- Start year: 2019
- Supported stablecoins: USDT, USDC, DAI, etc.
- Daily trading volume (spot market): US$ 144,115,162
- Business: moeda.com
A regulated cryptocurrency platform in the CPLP, designed to trade a variety of other tokenized assets, from stocks to commodities. Requires verification of each user to make deposits and conduct trading operations.
5. Cooperative
- Year started: 2013
- Supported stablecoins: USDT, USDC, DAI, USDD, HUSD, etc.
- Daily trading volume (spot market): US$ 947,192,031
- Business: huobi.com
The broker, which has been on the market for almost a decade, includes margin trading, OTC trading, an integrated trading bot, derivatives and options among its functions. The choice of passive income options is represented by a staking pool, dual-currency deposits and investments. The exchange also supports the popular decentralized mobile wallet HTX Wallet .
6 MEX
- Year started: 2018
- Supported stablecoins: USDT, USDC, DAI, USDN, USDJ, etc.
- Daily trading volume (spot market): US$ 914,367,477
- Business: mexc.com
MEXC Global is one of the leaders in the number of supported assets among all cryptocurrency exchanges, with more than 1,400. This is good because you can trade rare tokens that cannot be found on other platforms. At the same time, among this amount there are many “junk” tokens, so in addition to this indicator, you need to focus on other qualities of the broker when choosing a place to trade.
7. KuCoin
- Year started: 2014
- Supported stablecoins: USDT, USDC, DAI, UST, USDD, CUSD, USDJ, SUSD, etc.
- Daily trading volume (spot market): US$ 950,927,372
- Business: kucoin.com
KuCoin is an exchange for trading stablecoins and other crypto assets that supports perhaps the largest number of different stablecoins – both collateralized and algorithmic. It provides all the necessary trading and investment functionalities; recently, an IGO platform was added – Initial Game Offering with NFT giveaways and mystery boxes from new blockchain gaming projects.
9. Gate.io
- Year started: 2013
- Supported stablecoins: USDT, USDD, DAI, UST, etc.
- Daily trading volume (spot market): US$ 623,627,568
- Business: gate.io
Gate.io also supports over 1,400 cryptocurrencies and tokens, including popular stablecoins. The platform is one of the old and proven ones; in 2023 it celebrated a decade of successful operation. There is copy trading, an NFT platform, and in general, a full range of functions that can be useful when working with digital currencies.
9. Phemex
- Start year: 2019
- Supported stablecoins: USDT, TUSD, USDC, DAI, etc.
- Daily trading volume (spot market): US$ 135,367,003
- Business: phemex.com
The Phemex platform focuses on providing services related to spot/futures trading and passive income. A Launchpad platform has been launched with token presales at minimum prices. In addition, bonuses, competitions, a VIP program, a referral program, and a workshop with training materials for beginners are available.
10. Bitrue
Bitrue
- Year started: 2018
- Supported stablecoins: USDT, USDC, TUSD, BUSD, DAI, etc.
- Daily trading volume (spot market): US$ 1,294,250,226
- Business: bitrue.com
The cryptocurrency broker offers opportunities for both active earnings through trading and passive earnings through Farming, staking, and deposits. There is no Brazilian interface language. Wide selection of available coins (over 520). Crypto loans, futures trading, and detailed guidance on this are available.
Decentralized Exchanges (DEX)
Now let’s take a look at another type of exchange – decentralized . Here the centralized role in trading is very limited, basically all transactions occur between the participants and the smart contract, hence the name. Governance can be centralized, although many projects aim to eventually transfer control from developers to DAOs.
Trading is based on the notion of automated market making (AMM) pools. To learn more about the pool, check out our article .
11. Uniswap
- Year started: 2018
- Blockchain(s): Ethereum
- Daily trading volume: US$ 498,349,041
- Most Popular Trading Pair: USDC/WETH
- Business: uniswap.org
The Uniswap liquidity protocol is governed by a community of UNI token holders and delegators. It is one of the top protocols on the Ethereum blockchain, with over 3 billion (in version 3.0) and 4 billion (in version 2.0) assets locked. The third version introduces additional savings and management features.
12 Financial Curve
- Start year: 2020
- Blockchain(s): Ethereum
- Daily trading volume: US$ 379,377,384
- Most popular trading pair: ETH/STETH
- Business: curve.fi
Curve Finance is a protocol designed primarily for exchanging stablecoins. To trade stablecoins with minimal fees and slippage, you will need an Ethereum web3 wallet. Curve is similar in functionality to Uniswap and is suitable for exchanging tokenized versions of different coins.
13 Exchange of pancakes
- Start year: 2020
- Blockchain(s): BNB Chain
- Daily trading volume: US$ 337,314,980
- Most Popular Trading Pair: GST/USDC
- Business: panquecaswap.finance
A decentralized exchange with an AMM based on the BNB Chain (formerly Binance Smart Chain), launched by anonymous developers, it is actively supported and promoted by the Binance exchange. When compared to Ethereum protocols, PancakeSwap is similar to SushiSwap, but also includes a number of additional features.
14 Biswap
- Start year: 2021
- Blockchain(s): BNB Chain
- Daily trading volume: US$50,451,998
- Most Popular Trading Pair: USDT/WBNB
- Business: biswap.org
The decentralized exchange platform has one significant difference from its competitors: a well-thought-out referral system. It runs on the BNB chain and standard BEP-20 tokens. Transaction fees are among the lowest in the industry at 0.1%, half of which is allocated to liquidity providers and the other half is converted into the native BSW token and burned to prevent its inflation.
15 Sushiswap
- Start year: 2020
- Blockchain(s): Ethereum
- Daily trading volume: US$ 42,303,661
- Most Popular Trading Pair: YGG/WETH
- Business: sushiswap.org
SushiSwap was launched by anonymous developers Chef Nomi and 0xMaki. Cryptocurrency buying and selling is done through smart contracts, with no order books like other AMM protocols. SushiSwap was created as a fork of Uniswap with the main difference being that rewards are shared in SUSHI tokens even after the provider stops providing liquidity.
16 Dodo
- Start year: 2020
- Blockchain(s): Ethereum, Polygon, Arbitrum, BSC
- Daily trading volume: $24,181,433 (on the most popular Polygon network)
- Most Popular Trading Pair: USDT/USDC
- Business: dodoex.io
The DODO decentralized platform offers users a unique feature: the Proactive Market Maker (PMM) algorithm as an alternative to AMM. This solution provides more efficient liquidity, hassle-free asset issuance and trading. At the same time, DODO provides its own liquidity and aggregated liquidity from other DEXs.
Exchanges p2p
Finally, some p2p exchanges offer the opportunity to buy or sell stablecoins. These peer-to-peer platforms offer functionality to find a counterparty willing to buy a coin when you want to sell it, or vice versa. Payment is made in fiat currency, but for this you do not need to enter it on the exchange, but rather transfer it directly to the seller (or provide details if you are the seller).
17 Binance P2P
Binance P2P
- Supported Stablecoins: USDT, BUSD, DAI
- Verification required
- Negotiation: p2p.binance.com
A platform integrated into the Binance exchange ecosystem. Allows you to buy or sell 6+ popular cryptocurrencies and tokens for almost any fiat currency and many payment methods. You can also choose a BRL balance on the exchange as a payment/receipt method.
18 Bybit P2P
Bybit P2P
- Supported Stablecoins: USDT
- Verification: not required
- Business: bybit.com/fiat/trade/otc/
On Bybit P2P exchange Bybit, only direct purchase of USDT from users or sale of this stablecoin is currently supported. But verification is not required. A limited selection of coins is not a problem, because when buying USDT you can use them in trading; this stablecoin is traded against almost any other digital currency on the market.
19 OKX P2P
OKX P2P
- Supported Stablecoins: USDT
- Verification required
- Business: okx.com
In addition to USDT, the OKX P2P section of the OKX ecosystem allows trading Bitcoin and Ether. KYC is required to use it. There are no transaction fees. The operating principle of the site is standard and does not differ from the previous ones.
20. Cooperative P2P
HTX P2P
- Supported Stablecoins: USDT, HUSD
- Verification required
- Business: htx.com/en-us/
Another p2p marketplace from a large centralized cryptocurrency exchange. Within the platform it is also called c2c (client to client). It supports several popular cryptocurrencies (Bitcoin, Ethereum, EOS, Ripple, Litecoin, HTX Token) and two stablecoins – USDT and its own unforgeable exchange asset HUSD.
21 Paxful
Paxful
- Supported Stablecoins: USDT
- Verification: not required
- Business: paxful.com
Paxful was launched in 2014. The site is currently blocked in Brazil, but you can access it via VPN. Buyers on Paxful trade without fees, and sellers pay a commission, the amount of which depends on the method of receiving the funds; in most cases, it is 1%. There is also a fixed fee for Bitcoin withdrawals.
22 Bitpapa
Bitpapa
- Supported Stablecoins: USDT
- Verification: not required
- Business: bitpapa.com
Bitpapa also allows you to trade Bitcoin, Ethereum, Toncoin, and Monero. The site is very active: you can easily find a counterparty who will sell or buy cryptocurrency. Payment is possible in all major ways, through banks and popular payment systems, in reais or other world currencies.
23 Cryptocurrency of the Foundation
Cryptocurrency of the Foundation
- Supported Stablecoins: USDT
- Verification: not required
- Business: skycrypto.net
A platform that includes a p2p exchange and the SKY PAY payment service. Verification is not required, but you can go through it to bookmark and expand the list of available offers for yourself. Sky Crypto also has Telegram bots that allow you to perform operations similar to those of the broker.
Where else can you trade stablecoins?
Other ways to buy/sell stablecoins include:
- Cryptocurrency Exchanges , for example, 60check , ExchangeKey , MChange , ProstoCash .
- Carteiras de criptomoedas with the ability to buy coins, sell them or exchange them, for example, Atomic Wallet , Jaxx .
- Payment systems , for example, AdvCash , Payeer , Capitalist .
- Criptomatoia .
- Bots no Telegram.
Atomic Wallet
Frequently asked questions
What are stablecoins?
Digital currencies whose value is pegged to the value of an underlying asset, such as the dollar.
What role do they play in the cryptocurrency industry?
Without them, it is difficult to imagine trading on exchanges – before the arrival of stablecoins, fiat currency had to be used for this, and this was associated with inconveniences and unnecessary costs when depositing/withdrawing on the exchange.
What types of exchanges are there for trading stablecoins?
Centralized platforms (CEX), decentralized protocols (DEX), as well as p2p trading platforms.
Examples of centralized exchanges?
Binance, OKX, Bybit, HTX, Currency.com.
Examples of DEX?
Biswap, PancakeSwap, DODO.
Examples of p2p platforms?
Binance P2P
Where else can you buy or sell stablecoins?
Through exchanges, payment systems, wallets, cryptocurrencies or bots in the Telegram messenger.
Conclusion
The choice of exchanges where you can trade stablecoins is extremely wide, and this is not surprising. Stablecoins are a great alternative to fiat in any trading and investment operations in the cryptocurrency world and are primarily indispensable in decentralized finance protocols. Therefore, the matter is not limited to the sites listed here. When choosing, we recommend paying attention to fees, supported currencies, reputation, verification requirements and other factors.