The Adriatic gem, Montenegro, is fast embracing the digital currency revolution. This has sparked the rise of numerous crypto exchanges, offering residents new ways to invest and trade. To help you get started, this article breaks down the top 5 crypto exchanges available in the country today.
How to Pick the Right Crypto Exchange
When selecting an exchange in Montenegro, consider these key factors to ensure a safe and efficient trading experience:
- Security Features: Check for two-factor authentication, cold storage for funds, and a history of protecting user assets.
- Fee Structure: Understand the trading fees, deposit and withdrawal charges, and any hidden costs that could affect your returns.
- Available Cryptocurrencies: Ensure the platform supports the specific digital currencies you intend to buy, sell, or trade.
- User Interface: Look for a platform that is easy to navigate, whether you are a beginner or an experienced trader.
- Customer Support: Verify that the exchange offers reliable and accessible customer service to help resolve any potential issues.
List of the Top 5 Crypto Exchanges in Montenegro
1. Binance
Binance is the world's largest crypto exchange, offering access to over 350 cryptocurrencies. It attracts traders with its competitive fee structure, including a 0.10% spot trading fee and zero-fee options for select pairs. The platform also supports advanced strategies like margin trading with up to 10x leverage.
Key Trading Details
- Trading Fees: The platform uses a tiered system, but regular users typically pay a 0.10% fee, with zero-fee options available for specific BTC and ETH trading pairs.
- Taker Fee: For standard spot trading, the taker fee is set at 0.10%.
- Maker Fee: The maker fee for regular users on spot trades is also 0.10%.
- Number of cryptocurrencies offered: Traders have access to a selection of over 350 digital currencies.
Reviews
User feedback on Binance is generally positive, with many praising its low trading fees, robust security, and extensive selection of cryptocurrencies, though some newcomers find the interface complex and have reported occasional issues with depositing funds. Overall, users give it a high rating of 9.8 out of 10; you can read more detailed reviews here.
2. Bitget
Established in 2018, Bitget is a prominent global exchange known for its pioneering copy trading feature, which lets users replicate the moves of seasoned traders. The platform supports over 800 cryptocurrencies and offers leverage up to 125x, with user assets secured by a $300 million protection fund.
Key Trading Details
- Trading Fees: Standard spot trades have a 0.1% fee, which can be reduced to 0.08% when paying with the BGB token.
- Taker Fee: The taker fee for spot trading is set at 0.10%.
- Maker Fee: For spot trading, the maker fee is also 0.10%.
- Number of cryptocurrencies offered: The exchange provides access to a selection of over 800 digital currencies.
- Leverage Trading: Users can utilize up to 10x leverage on spot trades and 125x on futures trading.
Reviews
User feedback for Bitget is quite mixed. While many traders praise its innovative features like copy trading, fast transactions, and low fees, others report significant problems with account freezes, poor customer support, and P2P transaction issues. The platform has an average rating of 3.1 out of 5; you can read more detailed reviews here.
3. Bybit
Founded in 2018, Bybit is the world's second-largest crypto exchange, serving over 60 million users with a strong focus on Web3. The platform provides a diverse marketplace with over 100 tokens, advanced derivatives trading with up to 100x leverage, and an NFT marketplace to connect traditional and decentralized finance.
Key Trading Details
- Trading Fees: The platform uses a tiered maker-taker model, with standard spot trading fees for non-VIP users set at 0.10%.
- Taker Fee: For regular spot trades, the taker fee is 0.10%.
- Maker Fee: The maker fee for standard spot trading is also 0.10%.
- Number of cryptocurrencies offered: Traders can access a selection of over 100 digital currencies.
Reviews
User feedback for Bybit is largely positive, earning it an excellent rating of 4.7 out of 5. While traders praise its fast execution and user-friendly platform, some mention drawbacks like pricing for beginners and the lack of MetaTrader 5 integration. You can read more detailed reviews here.
4. MEXC
Launched in 2018, MEXC is a global exchange known for its vast selection of over 3,000 cryptocurrencies, often giving traders early access to emerging tokens. The platform attracts users with its user-friendly interface and exceptionally low fees, including a 0% maker fee for spot trades, making it a popular choice worldwide.
Key Trading Details
- Trading Fees: The platform is known for its extremely low fees, with frequent promotions and discounts available for users.
- Taker Fee: For spot trading, the taker fee is set at 0.05%.
- Maker Fee: The maker fee for spot trades is 0%.
- Number of cryptocurrencies offered: Traders can access a vast selection of over 3,000 cryptocurrencies.
Reviews
User feedback on MEXC is sharply divided. While some traders appreciate the user-friendly interface and report no issues with transactions, many others raise serious concerns about frozen accounts, withdrawal problems, and unhelpful customer support. The platform holds an overall rating of 2.0 out of 5; you can read more detailed reviews here.
5. OKX
Launched in 2017, OKX is a global exchange that bridges traditional trading with decentralized finance. It offers over 350 cryptocurrencies and advanced options like derivatives with up to 125x leverage. The platform also features its own blockchain, a Web3 wallet, and an NFT marketplace, providing a comprehensive ecosystem for traders.
Key Trading Details
- Trading Fees: The platform uses a tiered fee model where charges decrease as trading volume increases.
- Taker Fee: For spot trading, the taker fee is set at 0.05% for regular users.
- Maker Fee: The maker fee for standard spot trades is 0.02%.
- Number of cryptocurrencies offered: Traders can choose from a selection of over 350 digital currencies.
Reviews
User feedback highlights OKX's low fees, strong security, and highly-rated mobile app as major advantages. The primary drawback noted is that its wide array of advanced features can be overwhelming for newcomers. Overall, the platform holds a user rating of 8.1 out of 10; you can read more detailed reviews here.
Why Businesses Choose OneSafe for Crypto-Friendly Banking
OneSafe is the financial operating system built for Web3 startups and crypto-native companies. We provide the tools you need to manage your money, bridge the gap between digital assets and traditional finance, and scale your operations with confidence.
- Unified Operations: Manage both fiat and crypto finances from a single, intuitive dashboard.
- Global Reach: Hold funds in multiple currencies and execute worldwide payments via ACH, wire, and other networks.
- Integrated Ramping: Effortlessly convert between crypto and fiat with built-in on and off-ramps.
- Smart Spending: Issue corporate cards with advanced controls to manage team expenses effectively.
- Enterprise-Grade Security: Your assets are protected with industry-leading security protocols, including Fireblocks integration and mandatory MFA.
Ready to simplify your crypto-friendly business banking? Sign up with OneSafe.
