Cryptocurrency exchanges represent the main way for you to buy, sell or trade cryptocurrencies.
With the ever-growing popularity of cryptocurrencies, there are now more than 300+ crypto exchanges for you to choose from. But how do you know which one is the most suited for your investing requirements?
You’ll need to take into account factors like liquidity, supported tokens, fees, customer service & security standards, as well as other products that each crypto exchange offers – such as crypto debit cards.
Out of all the cryptocurrency exchanges available, we’ve compiled a list of what we believe to be the top 10 best crypto exchanges.
|Exchange||Volume (24h)||Markets||Pairs||Volume BTC (24h)||Country|
|$ 7,180,390,456.80||279||933||Ƀ 185,214.36||Cayman Islands|
|$ 1,366,346,698.36||38||99||Ƀ 35,244.19||United States|
|$ 487,614,848.78||32||79||Ƀ 12,577.77||Malta|
|$ 541,768,158.74||233||485||Ƀ 13,974.62||Seychelles|
|$ 559,561,837.39||46||212||Ƀ 14,433.60||United States|
|$ 1,317,733,877.28||203||483||Ƀ 33,990.25||Seychelles|
|$ 98,290,470.59||7||29||Ƀ 2,535.35||Luxembourg|
|$ 728,821,460.22||322||592||Ƀ 18,799.56||Cayman Islands|
|$ 1,725,274,097.83||0||0||Ƀ 44,502.53||British Virgin Islands|
1. Binance – lowest fee crypto exchange
Binance is a leading lowest fee crypto exchange that offers a platform for buying, selling, and trading digital assets. With its headquarters in Malta, Binance was founded in 2017 and has since become one of the largest and most popular exchanges in the world.
The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and numerous altcoins, and is known for the fast processing of trades, and a strong commitment to security.
In addition to its core exchange services, Binance also offers a suite of other tools and services, such as a fiat-to-crypto platform, and its own token, Binance Coin (BNB), which provides users with discounts on trading fees and other benefits.
Binance has an extensive number of trading features and options, however it is not the most intuitive platform for those who are new to investing. Whether you’re just starting out or a seasoned investor, expect to go through quite a learning curve before mastering its tools and functions.
Binance delivers an extensive range of digital currencies to its users all over the world. However, it is essential to understand that Binance.us – one of the best crypto exchange for US, specifically tailored for American citizens, offers roughly 150 cryptocurrencies, which is less than the international version.
Binance made it to our #1 spot based on a range of factors, including the number and variety of cryptocurrencies supported, fees, trading experience, products and services available for general use. Let’s explore them below.
Binance supported coins
With more than 350 cryptocurrencies available on its platform, Binance is one of the best rated crypto exchanges for every type of investor. Whether you are looking to trade the most popular cryptocurrencies like Bitcoin and Ethereum, or you are interested in exploring some of the more niche altcoins, Binance has you covered.
However, it is important to note that not all of the cryptocurrencies available on Binance are accessible to users in the United States. While international users have access to a wide array of digital assets, only about 150 are available for trade in the U.S.
In addition to supporting a wide variety of cryptocurrencies, Binance also offers support for multiple fiat currencies. This includes USD, EUR, AUD, GBP, HKD, and INR, making it easy for users in different countries to buy and sell cryptocurrencies using their local currency. This is especially useful for international users who may not have access to bank accounts that support USD or other major currencies.
Binance is a crypto exchange with lowest fees, making it a popular choice for traders who want to maximize their profits.
The fees charged by Binance are among the lowest in the industry, and even U.S based users will find that Binance’s fees are lower than what they would see on other leading platforms. This is good news for traders who want to keep their costs down, as lower fees mean more money in their pockets.
Another way to save on fees is by using Binance Coin (BNB) in trades. Binance offers fee discounts to users who choose to pay with BNB, making it an attractive option for those who are looking to minimize their costs.
In addition to using BNB, users can also benefit from referral bonuses and reach VIP status by trading a certain amount of assets. These benefits can help to reduce the fees you pay even further, making Binance an even more attractive option for traders.
Finally, it’s worth noting that trading Bitcoin on Binance has a 0% fee. This is a significant benefit for Bitcoin traders, as it means that they can trade this popular cryptocurrency without paying any additional fees.
Binance trading experience
One of the key features of Binance is its real-time charting tools, which include moving averages and exponential moving averages. These tools allow traders to track price trends and identify potential entry and exit points, making it easier to execute trades with confidence.
Traders can access Binance’s trading tools through the Binance mobile app, Binance website, or Binance desktop app. This means that you can trade from anywhere, at any time, and on any device.
Binance also provides a range of order types, including stop order, limit order, stop-limit order, stop-market order, and trailing stop order. This allows traders to execute trades in the way that best suits their needs, whether they are looking to limit their risk or take advantage of price swings.
In addition to these order types, Binance also offers a choice of different trading views, ranging from classic to margin and OTC views.
It’s worth noting that many of the features available on Binance may not be available in the U.S., including margin trading and some of the order types.
Binance products and services
- Binance Card: Binance Visa Card is one of the best crypto debit card that enables real-time conversion of cryptocurrency to EUR currency when you make your transaction. EUR can also be spent directly from your Funding Wallet.
- Binance Liquidity Farming: Binance Liquidity Mining is a liquidity pool developed according to the AMM (Automatic Market Maker) principle. Like any other DeFi swap, it consists of different liquidity pools, each containing two digital tokens. You can provide liquidity in the pool, become a liquidity provider, and earn transaction fees and BNB rewards.
- Auto-Invest: Auto-Invest allows you to automate crypto investments and earn passive income. This is a dollar cost averaging (DCA) investment strategy. You can choose which cryptocurrencies to buy on a daily, weekly, fortnightly or monthly basis.
- Staking: You can participate in DeFi Staking projects and earn high returns easily and safely. You can also stake Ethereum as low as 0.0001 ETH.
- Margin trading is a method of trading assets using funds provided by a third party. A margin account gives traders access to more capital than a regular trading account, allowing them to leverage their positions
- Crypto Derivatives: Options are standardized contracts that allow investors to trade an underlying asset at a specified price by a specified date (expiration date) without having to do so. Futures contracts, by contrast, require the contract holder and the issuer to buy or sell the underlying asset at a specified date in the future.
- Crypto Loans: Binance Crypto Loans offers a wide range of loanable and collateralized crypto assets at competitive rates.
2. Coinbase – best US crypto exchange for beginners
Coinbase is a popular cryptocurrency trading and investing platform that provides users with a convenient and user-friendly way to buy, sell, and exchange over 200 tradable cryptocurrencies.
It was founded in 2012 with the goal of providing a safe and secure way for people to send and receive Bitcoin and now it serves more than 98 million users and $256 billion in assets on the platform.
With operations in over 100 countries, Coinbase serves a large and diverse customer base, and investors trade approximately $159 billion per quarter. The company’s trading platforms are robust and user-friendly, and it also operates a standalone cryptocurrency wallet service, making it easy for users to start and manage a cryptocurrency portfolio or trading plan.
Coinbase is also at the forefront of the cryptocurrency ecosystem, managing and supporting more than 13,000 financial institutions. This level of support is an important factor in helping to drive the growth of the cryptocurrency market and ensuring that more people have access to this innovative new asset class.
In addition to its trading platforms, Coinbase crypto exchange offers a range of other services, including educational resources and market insights to help traders make informed decisions.
The company’s commitment to security is also a key factor, as it uses state-of-the-art security measures to protect user funds and ensure that trades are executed in a safe and secure environment.
Coinbase supported coins
Coinbase is the best crypto exchange for US residents supporting more than 200 unique cryptocurrencies you can trade. With such a wide range of tradable assets, Coinbase provides its users with access to a diverse array of investment opportunities.
Some of the most popular cryptocurrencies on Coinbase include Bitcoin, Ethereum, Dogecoin, and Litecoin.
Coinbase commitment to regularly adding new coins to its list of tradable assets ensures that its users are always up-to-date with the latest market developments and have access to the latest investment opportunities.
Coinbase does not disclose its pricing and fees, and recently removed the full fee table from Coinbase online help section. However, the cost is displayed on the transaction screen when entering a transaction, so you know what you’ll be paying before entering the transaction.
When you purchase, sell and trade cryptocurrency on Coinbase, you may be subject to fees. The amount of the fee is calculated when your order is placed and can vary depending upon a variety of factors including location, payment method chosen, size of the transaction as well as market conditions such as volatility or liquidity.
Coinbase trading experience
The organization operates two distinct platforms – Coinbase and Advance Trade. Each of them makes it possible to buy, sell, and trade cryptocurrencies while featuring distinguishing characteristics.
Coinbase: Trading on Coinbase is perfect because it is the best crypto exchange for beginners. With basic computer skills, you’ll find it easy and user-friendly. Whether you prefer to use the web or your Android or iOS mobile device, Coinbase is accessible and ready for you to start trading. If you’ve traded stocks through an online brokerage before, you’ll find the experience on Coinbase to be quite similar.
With its main dashboard, you’ll be able to keep an eye on your Coinbase portfolio with ease. And with just a few clicks, you can access the screen where you can buy and sell your desired currency. Trading on Coinbase is simple and hassle-free!
Advanced Trade on Coinbase is designed specifically for more experienced traders.
With advanced features like interactive charts powered by TradingView and advanced order types, you’ll have access to the tools you need to make informed trading decisions. Plus, as a user of Advanced Trade, you’ll also have access to all of the other features offered by Coinbase, such as staking, Borrow, Card, and dapp Wallet.
Coinbase products and services
- Wallet: Coinbase Wallet is a self-custody wallet that gives you complete control of your crypto. This means that the private keys (that represent ownership of the cryptocurrency) for your Wallet are stored directly on your mobile device and not with a centralized exchange like Coinbase.com.
- Coinbase NFT: Coinbase NFT is a peer-to-peer community platform where creators and collectors can come together to discover, display, purchase and create digital assets. The digital art shown on our platform is in the form of NFTs.
- Staking: Some blockchain protocols allow you to earn additional cryptocurrency by contributing to the network. This can be achieved through staking or inflation, among other methods. Coinbase participates in these networks and distribute rewards to their eligible customers who have chosen to opt-in for staking or inflation.
- Learning rewards: Participating in the Learning Rewards program is a fun, educational, and rewarding experience. You can earn a bit of a specific cryptocurrency by simply watching educational videos about it and taking a brief quiz.
- Coinbase Card allows you to spend crypto (including USDC) or US dollars anywhere Visa cards are accepted. You can use your crypto debit card to spend cash or any of the cryptocurrencies that you own.
- Coinbase Commerce is a platform that helps merchants anywhere in the world accept cryptocurrency payments in a fully decentralized way.
- Account Management: With Coinbase, you have the convenience of managing your account from anywhere, at any time. Whether you prefer to use the website or the mobile app, you always have access to your portfolio information and can easily enter trades.
3. Crypto.com – best crypto exchange app
Crypto.com was established in Hong Kong in 2016 and has since grown to serve over 10 million customers in 90 countries worldwide. With its extensive selection of over 250 cryptocurrencies, the platform caters to a wide range of users, from beginners to advanced traders.
Additionally, the exchange features relatively low trading fees. Beyond trading, Crypto.com also provides the best crypto debit card, a decentralized exchange, a standalone crypto wallet, and an NFT marketplace.
If you’re looking to grow your crypto holdings, you can opt to stake your assets through Crypto.com platform and earn interest of up to 14.5%.
While the platform’s wide range of features may be overwhelming for some beginner users, it’s an excellent choice for active traders or anyone interested in using crypto as a currency.
Crypto.com is an ideal pick for those wanting to go all-in with the platform because of its numerous advantages and features. For example, having large holdings of CRO (Crypto.com own cryptocurrency) leads to lower trading fees as well as more rewards on Crypto.com Visa cards.
Crypto.com supported coins
Crypto.com is by far the best crypto app which supports more than 250 currencies for spot trading, some of which can be staked. While the supported currencies are too numerous to list here, rest assured that you can buy and sell most of the most traded cryptos.
Crypto.com also has its own currency, called CRO. If you have a significant stake in CRO, the company will reward yow with lower fees for trading, increase your interest rate on stakes, and increase the rewards for credit cards.
Popular cryptocurrencies on Crypto.com are:
Crypto.com users who aren’t staking CRO pay 0.4% on trades with a total monthly trading volume of no more than $25,000 – which is quite competitive compared to the fees that some large industry players charge but not necessarily the lowest out there.
By staking CRO, you can enjoy an even bigger discount on fees. For example, if you stake 5,000 CRO and qualify for a 10% rebate of your maker and taker fee then the actual cost of using them would be 0.36%, instead of the standard rate at 0.4%.
Crypto.com trading Experience
Crypto.com’s mobile application is the source of its power and convenience, accessible for all iOS and Android devices. If you’re familiar with trading stocks through a smartphone app, then this experience will be simple to understand and navigate.
The app features all the tools necessary for trading currencies, earning interest through staking, making payments with cryptocurrency, and even signing up for a Crypto.com credit card.
In addition to supporting a wide range of cryptocurrencies, Crypto.com also offers support for several fiat currencies. This includes the Australian dollar (AUD), Canadian dollar (CAD), Euro (EUR), Pound Sterling (GBP), U.S. dollar (USD), and Brazilian real (BRL).
This feature provides users in different countries with the convenience of easily purchasing crypto using their local currency.
Crypto.com products and services
Cashback Visa crypto card: Crypto.com provides a unique payment solution through its prepaid crypto Visa card. This card functions like a rewards debit card, making it easy for you to spend your crypto holdings in your daily life. The card is available to all users, but those who purchase and hold onto Crypto.com’s native cryptocurrency, CRO, are able to enjoy the greatest benefits.
Crypto.com NFTs: Crypto.com provides a one-stop solution for those interested in both NFTs and cryptocurrencies. If you find the convenience of using the same platform for both types of investments appealing, Crypto.com is worth considering. The platform does not charge fees for purchasing NFTs, but there is a 1.99% fee for reselling. Similarly, creators selling on the platform will also be charged a 1.99% fee.
High-interest rates: The Crypto.com Earn program offers an opportunity to earn up to 14.5% annually on your deposits of over 30 different cryptocurrencies. The interest rate you receive will depend on the specific cryptocurrency you choose to deposit, as well as the amount of CRO you hold in your account.
Recurring buys: You can use the dollar-cost averaging (DCA) investment strategy for more than 65 cryptos and automate purchases for as low as $15.
Supercharger is a simple and secure rewards platform for Crypto.com App and Exchange users to grow their portfolio. You just need to stake at least 100 CRO per event and you will be rewarded with the most attractive tokens on the market.
Trading bots automate your trading strategy by placing and executing orders automatically based on preset parameters put in place by you. They can save you time from continuously monitoring the markets.
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4. KuCoin – best crypto exchange for altcoins
KuCoin is a cryptocurrency exchange platform that was founded in 2017. It is based in Seychelles, but has offices in many other countries around the world, including China, Thailand, and the Philippines. The exchange is known for its user-friendly interface and a wide variety of trading pairs, as well as its strong security features.
KuCoin is part of top crypto exchanges and it stands out in the crypto sphere thanks to its incredibly low trading fees, making it one of the most cost-effective exchanges available. Moreover, KuCoin offers a wide range of cryptocurrency options – from popular coins like Bitcoin and Ethereum to alternative altcoins – all accessible through their intuitive platform.
Overall, KuCoin made it to our list because is a popular choice for cryptocurrency traders looking for a reliable, secure, and user-friendly exchange with low trading fees and a large selection of trading pairs. Whether you’re a seasoned trader or just starting out in the world of crypto, KuCoin is definitely worth considering as a platform for your cryptocurrency trading needs.
KuCoin supported coins
KuCoin supports a wide variety of cryptocurrencies, including popular coins like Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA), as well as many lesser-known altcoins. Some of the other coins that are supported by KuCoin include:
- Ripple (XRP)
- Chainlink (LINK)
- Polkadot (DOT)
- Binance Coin (BNB)
- Dogecoin (DOGE)
- Uniswap (UNI)
- Solana (SOL)
- Polygon (MATIC)
This is just a small selection of the many coins that are available for trading on KuCoin. The exchange is known for its wide variety of trading pairs, which allows traders to easily buy and sell many different cryptocurrencies using a single platform.
Kucoin fees are significantly cheaper compared to other cryptocurrency exchanges, mainly due to the fact that it does not accept fiat currencies.
All its markets have a 0.1% trading fee, but users can receive an even better deal by owning KuCoin Shares! With every 1,000 shares owned by the user they get a discount of 1%, and these savings can reach up to 30%.
KuCoin, like other best cryptocurrency exchanges, has its own coin called KCS. Using KCS grants users trading fee discounts and 50% profit share from KuCoin’s trading fees.
This makes buying or selling crypto assets effortless and cost-effective – perfect for any investor!
KuCoin trading experience
KuCoin stands as one of the leading crypto-trading markets globally, due to its vast selection of trading pairs for traders. Moreover, it is ideal for users who don’t wish to disclose their identity; they can easily trade without needing any KYC process! With these features combined, KuCoin is undeniably a preeminent exchange in the crypto world.
Those already part of the cryptocurrency world are able to reap numerous rewards, from trading bots with an impressive APY up to 7,000%, to staking your KuCoin account funds. Furthermore, Ethereum 2.0 staking is now accessible in a pool format requiring much less ETH than usual – no longer do you need the hefty 32 ETH requirement! These benefits and more make KuCoin an ideal choice for those looking to join or expand their current crypto portfolio.
KuCoin has extended a warm welcome to crypto traders by offering them the ability to trade most currencies with up to 100x leverage, lending out crypto just like in DeFi, and regular contests. If you are an active trader, there is so much more waiting for you! Unfortunately though as a beginner trader many of these benefits may not be available yet and the advanced trading interface might seem intimidating.
KuCoin products and services
Kucoin Margin Trading
Kucoin’s margin trading service, launched in 2019, gives traders the ability to expand their positions by leveraging their holdings. On Kucoin you can find a range of margins – 5X Cross Margin and 10X isolated margin to name two.However don’t forget: with potential for greater rewards comes increased danger!
With KuCoin Futures, you can purchase and sell leveraged positions with Bitcoin or Ethereum at up to 100x leverage. That means that if you have an account balance of just $100 dollars, your trades are worth a whopping $10,000!
P2P (Peer to-peer crypto marketplace)
Kucoin provides a revolutionary peer-to-peer marketplace experience where you can purchase and trade cryptocurrency directly from others. Take advantage of no transaction fees, extremely quick payouts, and a variety of local payment methods to make your investment journey seamless!
Kucoin Staking & Lending
If you’re searching for a secure, hands-off way to benefit from your cryptocurrency holdings, Kucoin’s fixed or flexible staking is the perfect fit. You can easily choose between an array of cryptocurrencies and select how long you want to lock up those assets in order to receive different APRs – all while avoiding the need for self-custody!
Windvane NFT Marketplace
Kucoin proudly launched its NFT platform, Windvane, in May 2022 to provide users with an innovative and comprehensive experience when it comes to using Non-Fungible Tokens. With the goal of aiding projects reach their fullest potential through a massive user base and well-known KOLs and communities, Windvane strives for success. Not only does this amazing platform help project launch into the blockchain world but also assists shoppers in finding some of the rarest pieces of artwork in existence!
Kucoin Trading Bot
Kucoin offers a wide range of crypto trading solutions such as spot, DCA, futures and rebalancing through automated bots. Users can employ either pre-set strategies or customize the parameters to meet their goals. One of the most popular apps is the ‘Spot Grid Trading Bot’, which allows buyers and sellers to automatically trade tokens within predetermined price ranges – free of charge! However, similar to any other form of trading activity, Kucoin does apply a small transaction fee per trade.
Kucoin’s Spotlight platform allows new crypto projects to gain early investment from users who are eager for the chance to get in on the ground floor. In just a short time, Kucoin has already launched over 20 successful spotlight events where these pioneering projects have made their tokens available and accessible to everyone.
5. eToro – best crypto exchange USA and worldwide
On eToro, you’ll find a crypto exchange that offers trading opportunities in over 30 distinct cryptocurrencies as well as an online brokerage platform with a diverse selection of stocks and ETFs.
eToro added support for Bitcoin in 2014. This allowed its users to purchase and trade CFDs on Bitcoin.
Over time, eToro expanded its offerings to include Ethereum and XRP, as well as other digital assets. In 2018, the company made a significant commitment to the cryptocurrency industry by launching eToroX and a corresponding crypto wallet.
This development has since provided users with even more options for buying, selling, and managing digital assets on eToro’s platform.
eToro offers a social aspect to trading, where users can interact and follow the strategies of other traders. With its active community, it provides a great opportunity for traders who prefer a more collaborative and communicative approach to investing in digital assets.
eToro supported coins
eToro provides around 75 cryptocurrencies for its non-U.S. investors, including many of the top 20 cryptocurrencies by market capitalization.
While the platform’s selection of cryptocurrencies is not as extensive as some other exchanges, it still offers a solid choice, covering a range of token types such as smart contract cryptocurrencies, gaming tokens, metaverse tokens, and DeFi tokens. The only notable omission is stablecoins such as Tether (USDT) and USD Coin (USDC).
eToro is known to be the best US crypto exchange providing access to over 25 cryptocurrency options for U.S. investors, including Bitcoin and Ethereum. However, not all of the top 20 cryptocurrencies.
Despite having a smaller range of options compared to pure crypto exchanges, eToro’s cryptocurrency selection is still robust when compared to brokerages that offer other assets like equities.
eToro is a transparent platform when it comes to pricing, and it clearly lists the fees associated with trading cryptocurrencies. The fees for crypto trades on eToro are a flat rate of 1%, which is charged as a bid-ask spread. This fee structure makes it easy for users to understand and budget for the cost of trading on the platform.
This pricing model on eToro can be seen as unconventional as compared to other exchanges where a fee is charged each time you buy or sell a cryptocurrency. On eToro, the fees for buying and selling a cryptocurrency are combined and charged as a 1% “round trip” fee.
This means that when you trade crypto on eToro, you pay a 1% fee upfront for both the purchase and eventual sale of the coin, and your profit/loss will be updated in real-time according to market price changes.
eToro trading experience
With eToro’s user-friendly web platform and its convenient mobile app, customers can seamlessly deposit funds from their debit card or bank account to begin trading.
eToro is likely most renowned as the best crypto copy trading platform which makes it possible for users to replicate the portfolio holdings and transactions of leading traders.
eToro’s basic market and limit orders, as well as the ability for non-U.S. investors to trade on margin are the defining features of their platform. Unfortunately, it does not offer the more advanced conditional orders nor cryptocurrency pairs that other competitors provide in addition to its advanced charting capabilities.
However, eToroX is a professional-level digital asset exchange that offers the features you’d expect from an institutional platform, such as U.S. dollar deposits, margin trading opportunities, fast transaction execution and secure APIs for automated trading.
eToro products and services
CopyTrader: eToro distinguishes itself with its groundbreaking CopyTrader feature, allowing users to effortlessly mimic successful traders in a single click. All you need to do is determine the amount of money that you wish to invest and eToro will allocate those funds automatically in order to exactly reflect the trading positions taken by your preferred eToro trader.
Invest in stocks, ETFs, and crypto: eToro offers one of the most outstanding selections available of digital assets that can be seamlessly combined with stock investing. It’s rare to find marketplaces where you can trade cryptocurrencies and stocks on the same platform, yet those that do provide these services tend to have a limited selection of cryptos.
Free debit card deposits: eToro allows users to deposit fiat money (e.g., US dollars, etc.) via bank transfer or debit card – without any charges. However, there’s a conversion fee applicable for non-US Dollar transactions.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
6. Kraken – most secure crypto exchange
Founded in 2011 in San Francisco, Kraken has become a world-renowned best crypto exchange trusted by both individual and institutional investors alike. It serves customers from 190 countries around the globe – including the United States of America – offering them competitively priced cryptocurrency trading options that make it easy for anyone to buy or sell cryptocurrencies with confidence.
Whether you are a novice or an expert in the crypto world, Kraken has something for everyone. The main platform is simple and straightforward, ideal for newbies. For more experienced traders, there’s Kraken Pro with its advanced margin and futures features.
Why Kraken made the list?
Kraken, which is among the oldest crypto exchange in the U.S., offers a platform with unparalleled security features. What’s more, Kraken enables users to stake their crypto holdings and even get rewarded for it – all without having to pay exorbitant fees.
Kraken supported coins
Kraken is offering a wide selection of over 185 cryptocurrencies and deals with seven fiat currencies.
Not only does this offer plenty of options for those looking to invest in different coins, but it also provides high liquidity, which makes it easier and more fair to buy and sell at set prices.
Kraken exchange provides users with the ability to convert their funds between a number of different currencies, including US dollars, Canadian dollars, Japanese yen, Swiss francs and a range of stablecoins such as Tether USD, USD Coin and Dai.
Compared to other best crypto exchange, Kraken’s fees are competitive. While it may not be the lowest cost option out there, its maker-taker fees are still lower than, say, Coinbase.
Kraken’s Instant Buy option may be appealing to novice users who are less familiar with maker/taker models, as it enables them to purchase crypto quickly. However, the fees associated with this service are substantially higher than those associated with Kraken Pro, the platform’s professional trading environment.
When using Instant Buy to purchase crypto, there is a fee of 0.9% for stablecoins and 1.5% for other cryptocurrencies. Additionally, using an online bank account to buy crypto incurs a 0.5% processing fee, while credit and debit card purchases come with other fees.
Kraken Pro’s fee structure is tiered, so as your trading volume increases, you’ll pay lower fees. The platform also offers volume discounts for traders who have an average daily trading volume of $100,000 or more. It’s worth noting that the fee schedule changes frequently, so it’s important to check the latest pricing directly on the Kraken website.
Kraken Trading experience
Kraken offers two trading platforms, Kraken and Kraken Pro, each tailored to the different needs of its users.
Kraken is beginner-friendly, while Kraken Pro provides a more advanced platform for experienced traders. Regardless of your preference, both platforms offer competitive pricing and a range of features to accommodate all levels of trading experience.
Kraken’s platform is user-friendly and accessible to even those with limited trading experience.
Its simple and intuitive interface allows users to quickly buy and sell cryptocurrencies with a verified account linked to a bank account. The platform offers a straightforward order form, making it easy for users to enter trades within seconds of logging in.
Kraken Pro is designed for active traders who are looking for a more robust trading platform. With access to detailed asset information, including real-time charts and open order visibility, it offers advanced features that can help users make informed trading decisions.
Although the interface may be intimidating for beginners, experienced traders will find the platform useful in their trading endeavors. The platform can be accessed via a web browser or smartphone, making it convenient for traders who are constantly on the move.
Kraken products and services
Staking: Users can stake over 15 different cryptos and earn between 0.25% and upwards of 20%.
Margin trading: You can trade with up to 5x leverage
Futures: You can trade 70+ muli collateral futures contracts
Cryptocurrency Indices Kraken gives you access to up-to-the-second pricing data with cryptocurrency indices powered by CF Benchmarks.
Kraken OTC Desk provides a premium service for traders looking to execute trades outside the open Kraken exchange. It offers deeper liquidity and more narrow spreads compared to the open exchange, and it is specifically designed for institutional clients and high net-worth individuals with large order requirements.
7. OKX – best crypto wallet and exchange
OKX is a centralized cryptocurrency exchange and wallet platform headquartered in Seychelles. It provides a range of trading options to its global client base, including spot trading and simple options, as well as advanced derivatives such as margin trading, futures, perpetual swaps, and options.
It is considered one of the best crypto exchanges, ranked 18th by trading volume according to CoinMarketCap. The platform boasts a user base of over 20 million individuals across more than 100 countries, but currently does not accept users from the United States due to regulatory concerns.
OKX can serve as a supplementary exchange or as a one-stop-shop for all your crypto needs. It offers both exchange and wallet services, making it a convenient option for managing your cryptocurrency assets.
Why OKX made the list
OKX is a highly regarded cryptocurrency exchange trusted by a large user base. It offers a simple and efficient platform for individuals ranging from beginners to experts to buy, hold, and trade a wide range of popular cryptocurrencies with competitive fees.
OKX supported coins
OKX supports a comprehensive selection of over 300 cryptocurrencies, with a total of 343 currencies available on the exchange. This extensive range of options offers a variety of choices for users to buy, hold, and trade their preferred cryptocurrencies.
OKX categorizes its cryptocurrencies into different pricing tiers based on trade volume and account holdings. The maximum fee for spot trading is 0.10%. However, frequent traders and those with a significant holding in OKB may be eligible for fee reductions. Different trading products such as futures, swaps, and options have their own fee structures.
One potential drawback of OKX is that it does not publicly disclose the fees for deposits and withdrawals, which can be a source of concern for some users. While the platform has a level of transparency in other areas, the lack of fee transparency may steer users towards exchanges with more straightforward fee schedules.
Trading experience on OKX
OKX provides both a user-friendly trading interface for beginners and an advanced platform for more experienced traders. This allows for a range of individuals, from beginners to experts, to easily buy, hold, and trade cryptocurrencies on the exchange.
OKX offers a straightforward and intuitive interface for buying and exchanging cryptocurrencies, making it an ideal option for individuals new to the world of cryptocurrency who are looking to purchase their first Bitcoin, Ethereum, or other supported currency. For advanced traders, OKX offers an active trading platform with various features such as market, limit, and stop orders, advanced conditional trades, and access to the open order book of supported currencies on the exchange.
Additionally, users can personalize the platform with custom layouts to cater to their specific needs. The platform also provides flexible market charts to support advanced trading strategies.
OKX products and services
OKX Wallet: OKX wallet is a multi-functional cryptocurrency wallet that provides access to various decentralized services and networks. It offers features such as a hot wallet, decentralized exchange, NFT marketplace, and support for decentralized applications. OKX supports over 30 blockchain networks including major ones like Ethereum, Bitcoin, BNB Chain, Solana, and Polygon, among others.
Educational resources: In addition to its various features, OKX also offers educational resources for users who are new to the crypto space. The “Learn” section of their website provides access to beginner-friendly tutorials and videos to help users get started. OKX also keeps its users informed by publishing articles and industry analysis on its website, and provides the opportunity for users to become OKX brokers.
Loyalty program: OKX has a unique loyalty program that incentivizes regular usage of its mobile app. The program features daily “learning missions” that are posted on the app, which require the user to watch a video or read an article. Upon completion of each task, the user is rewarded with 50 Satoshis. Once the user accumulates 10,000 Satoshis, they can convert it into an equal amount of Bitcoin, which can then be held, staked, or traded on the OKX platform.
Native blockchain: OKX has its own native blockchain called OKX Chain and its own native token called OKB. The OKX Chain provides a platform for builders and projects to deploy decentralized applications (DApps) and developers to use infrastructure like OKX Oracle and other tools.
The OKB token is used as a means of exchange within the OKX ecosystem and for participating in various activities like paying for transaction fees, accessing premium services, and participating in governance.
8. Bitstamp – oldest crypto exchange
Bitstamp is the best exchange to buy crypto that offers convenient and easy access to the market through its web platform, mobile app, and APIs.
Bitstamp places a strong emphasis on security, transparency, and regulation, and this is reflected in their AA rating as the world’s top-rated crypto exchange in the CryptoCompare Exchange Benchmark report. Bitstamp’s commitment to these values ensures that users can trade with confidence and security.
It is one of the longest-standing and most regulated CEXs in the industry, serving over 4 million customers in more than 100 countries worldwide. Bitstamp’s long history and strong regulatory standing make it a trusted choice for crypto enthusiasts and traders alike.
Why Bitstamp made the list
Boasting competitive trading fees, a user-friendly platform, and powerful tools for more experienced traders, it’s evident why this exchange has remained popular over the years.
Bitstamp supported coins
Bitstamp’s roster of more than 60 cryptocurrencies provides a wide range of options for most investors. You can buy and sell major cryptocurrencies like Bitcoin, as well as smaller projects.
It is considered the best crypto trading platform offering both a basic version for beginners and a more advanced Tradeview platform for experienced traders with added charting and trading features. The Bitstamp app, available for Android and iOS devices, provides full trading functionality on-the-go.
Bitstamp stands out as one of the top cryptocurrency exchanges when it comes to trading fees. The fee system is uncomplicated, with your fees being determined by your 30-day trading volume. This makes Bitstamp an ideal exchange for those looking for a low-cost and reliable platform.
Bitstamp’s top trading fee is a mere 0.50% for those that have less than $10,000 in their transactions over the past 30 days – making it one of the most competitive rates out there, and beating what other exchanges offer on high volume trades! As you continue to trade higher quantities per month, your fees drop significantly too.
Bitstamp trading experience
Traders can leverage the power of Bitstamp across its three distinct platforms: Bitstamp.net, Bitstamp Tradeview, and mobile-friendly Bitstamp Mobile – all with identical trading fees.
Bitstamp.net: Bitstamp provides a basic trading platform for buying and selling cryptocurrencies using instant, market, limit, and stop orders. Users can fund their purchases using their Bitstamp balance or a connected card, with the option to pay an additional fee. The central platform features a simple layout with a basic chart, visible buy and sell offers, and an easy-to-use purchase form.
Tradeview: For experienced traders, Bitstamp offers Tradeview, an active trading platform with advanced charting tools, real-time updated order book, depth chart, and quick trading forms. The platform offers the same available order types as the basic platform, providing users with a comprehensive trading experience.
Bitstamp Mobile: Bitstamp provides convenient trading on-the-go with its mobile apps for Android and iOS devices. The apps, available on the Google Play Store and App Store, include all the features offered on the main web-based platform, allowing users to trade cryptocurrencies from their pocket.
Bitstamp products and services
Highly rated mobile app: The Bitstamp mobile app offers a significant advantage to users as it provides access to their portfolio and enables them to make trades even when they are not at their computers. The app has received positive reviews on both the App Store and Google Play and offers complete trading functionality.
Bitstamp Earn: Bitstamp offers the option of crypto staking, allowing you to earn rewards by holding supported cryptocurrencies in your Bitstamp account. This can help you grow your crypto holdings and earn passive income.
9. Gate.io – best cryptocurrency exchange overall
Gate.io is a centralized cryptocurrency exchange that offers a wide selection of coins and tokens for trading. It supports over 1400 cryptocurrencies with more than 2500 trading pairs.
The platform is one of the leading exchanges in terms of trading volume, with a daily trading volume of over 12 billion dollars, and offers both spot and margin trading. Additionally, it has expanded its services to other markets, such as options, futures, and derivatives, catering to a diverse range of investors.
Gate.io was founded in China by its current CEO, Lin Han, in 2013. The exchange prides itself on being “steady and reliable,” with a user-friendly platform and 24/7 customer support, as well as a robust mobile app. Despite this, the platform is not heavily regulated and does not offer the option to withdraw fiat currency. To withdraw funds or deposit cryptocurrencies, users must complete a mandatory KYC (Know Your Customer) process.
Gate.io is accessible in most countries, excluding Cuba, Sudan, Syria, Iran, North Korea, Venezuela, Pakistan, and Crimea. However, some services are restricted for residents of the US (Washington and New York) and Canada.
Why Gate.io made the list
Gate.io is one of the oldest crypto exchanges, providing the ability to trade, buy, sell, and exchange a wide range of cryptocurrencies. Unlike some apps or websites that only support a limited number of specific currencies, such as Bitcoin or Dogecoin, Gate.io offers access to hundreds of cryptocurrencies to invest in across hundreds of markets.
Gate.io supported coins
Gate.io boasts the largest number of supported cryptocurrencies among the exchanges, with over 1400 different options available, including the top 20. It offers access to over 2500 trading pairs.
Top cryptocurrencies include the following:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (DOGE)
- XRP (XRP)
- Polkadot (DOT)
- Litecoin (LTC)
- Binance Coin (BNB)
Gate.io transparently displays its trading fees for each market and digital asset trade type. The fees are competitive, with a maximum charge of 0.2% for market activity. For crypto lending, the fees range from slightly over 5% to 18%. Deposits are free of charge, and withdrawal fees are low. For specific fee information, consult the fee schedule for your desired cryptocurrency.
If you hold a certain amount of GateToken (GT), the platform’s native cryptocurrency, you are eligible for a fee discount on your trades. The amount of GT you hold and the volume of your trades can determine the amount of discount you receive. Additionally, you can also choose to pay for your spot trades using GT, which can further reduce your trading fees.
Gate.io trading experience
Gate.io, being a multifaceted exchange, places great importance on ensuring its platform is simple and user-friendly for its customers. To achieve this, the platform has adopted a user interface similar to that of major players like Binance and KuCoin.
Although the variety of features may initially seem overwhelming, the platform’s layout makes it easy to navigate different sections, including cryptocurrency markets, margin trading, lending and borrowing, perpetual contracts trading, financial services, IEO platform, and wallets overview, all accessible from the main menu.
Gate.io offers its users the option to select from three different night modes for the platform’s background. Furthermore, the Gate.io Startup IEO platform is a standout operation that enables you to swiftly invest in the most sought-after cryptocurrency projects. In fact, as of August 2019, Gate.io Startup was the most profitable IEO platform and has successfully conducted eight IEOs.
10. Bybit – best crypto copy trading platform
Bybit is a crypto exchange that provides a comprehensive suite of professional trading tools and services to meet the needs of cryptocurrency traders, regardless of their experience level.
The platform boasts an ultra-fast matching engine which enables traders to execute orders quickly and reliably.
Established in March 2018, Bybit is a leading financial services provider that currently serves more than 10 million users and institutions from around the globe. Bybit offers access to over 100 assets and contract types, including Spot Trading, crypto derivatives such as Futures and Options, launchpad projects, earn products, an NFT Marketplace, and many
Furthermore, it maintains an impressive uptime record, so traders can remain sure that their transactions are being handled without any interruptions.
Why Bybit made the list
Bybit is a leading cryptocurrency derivatives exchange which offers traders a wide range of advanced tools for trading. It is trusted for its robust security measures and its commitment to providing uninterrupted service, however it is not allowed to operate in the United States.
Bybit support coins
Bybit is providing its users with access to over 300 spot trading pairs, featuring some of the top digital assets in the world. You can take advantage of a variety of tokens, including BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE
When trading on Bybit, it is important to keep an eye out for certain types of fees. These fees include trading fees, withdrawal fees, and deposit fees. In terms of trading fees, Bybit charges a maker/taker fee depending on whether the user is adding or taking liquidity from the market.
Bybit trading experience
Bybit stands out among exchanges with its offering of derivative trading products, including Bitcoin and other cryptocurrencies, with three contract options: Inverse Perpetual, USDT Perpetual, and Inverse Futures. These options may make Bybit an attractive choice for traders.
Bybit provides a variety of data analysis tools that give access to information such as price moving averages, moving average indicators, and monthly price ranges. The platform also includes funding data, specific index prices, rolling volatility chart, daily realized volatility of BTC, market analysis, and the latest news updates.
Bybit allows for limit orders, conditional orders or conditional limit orders, stop-loss orders, and advanced orders such as Good till Cancelled, Immediate or Cancel (IOC order), and Fill or Kill. The advanced order forms are user-friendly and provide convenient access.
Bybit products and services
Rewards Hub: As a new user, you will receive a $50 discount on your first deposit made within 48 hours, and a $10 discount after 48 hours have passed. Additionally, depositing BTC will earn you a $5 bonus, and following Bybit on social media will earn you a $5 coupon.
Bybit Trading Bot: A cryptocurrency trading bot is an automated software that trades as per experienced traders’ pre-set conditions. Some crypto trading bots that enable a trader to auto trade in Bybit are TradingView, 3Commas, Alertaton, Autoview, Cornix, FMZ, GoodCrypto, Haasonline Hydor, Mudrex, Profit Trading, ProfitTrailer, Profitview, Sirius Trader, Stacked, TokenBot, Tycoon, Wunderbit, and WBCCLUB.
Bybit Testnet: Bybit testnet offers aspiring traders the opportunity to familiarize themselves with the platform’s key features, options, and benefits and drawbacks without the need for a real deposit. It is a simulated account that allows for practice trading using dummy funds.
Perpetual Contracts: Bybit currently provides trading options for Inverse Perpetual Contracts, USDT Perpetual, and Inverse Contracts in Bitcoin, EOS, Ethereum, and Ripple XRP. They offer a maximum leverage of 100x on Bitcoin’s perpetual swap futures contract. Deposits can be made in all the currencies they trade, such as BTC, ETH, EOS, and XRP.
How we picked the best crypto exchanges
We conducted a comprehensive review of the services, features, and functions provided by around 33 top crypto exchanges, crypto trading apps, and brokerage platforms that offer crypto investments.
In order to accurately measure the efficacy of each platform, 7 key variables were researched and evaluated.
The security of a best cryptocurrency exchange is of utmost importance, as it is where you will be depositing your funds. We researched the best crypto exchanges that have a proven track record of security, robust security measures in place such as two-factor authentication, and a solid history of keeping customer funds safe.
As cryptocurrency’s popularity and worth have skyrocketed, so has the attention of hackers. Exchanges like Binance and KuCoin have been victims to various breaches resulting in millions being stolen from users accounts. While in their case they did compensate those who had their coins taken, nobody wishes for such a situation to arise initially.
To reduce the risk of losing your crypto, a good practice is to divide up your investments across different crypto exchanges. Additionally, it is wise to withdraw your cryptocurrencies from its default wallet provided by the exchange into a secure and offline cold wallet like Ledger Nano S+ or Ledger Nano X. This type of storage option doesn’t require internet connection which makes it almost inaccessible for hackers – just ensure that you keep track of the passcode and recovery phrase or else you might not be able to access your cryptocurrencies ever again.
2. User Experience
Whether you’re a beginner investor or an experienced trader, we understand how important it is to have access to intuitive tools when undertaking cryptocurrency transactions. This is why we evaluated each best crypto exchange desktop and mobile interface for ease of use and navigability before recommending them. Additionally, our team was also keen on researching the educational materials as well as research tools available at each platform – all of which are essential in helping users make informed trading decisions.
3. Fee structure
The trading fees charged by top crypto exchanges are one of the most important factors to consider when choosing the best crypto exchange. The trading fees can vary widely, and they can have a significant impact on your overall profits or losses.
Withdrawal fees are the fees charged by an exchange when you withdraw your funds from the platform.
Deposit fees: Some exchanges may charge deposit fees, especially if you are depositing funds using a credit card or bank transfer.
Premium services: Some exchanges offer premium services, such as margin trading or futures trading, which may come with additional fees.
Hidden fees: We deeply looked for any hidden fees, such as conversion fees or transfer fees. These fees can add up quickly, and they can have a significant impact on your overall returns.
4. Customer service
Good customer support is important in case you encounter any issues or have any questions about using the crypto exchange. We researched exchanges that offer multiple support channels, such as email, live chat, and phone support.
5. Supported coins and pairs
To help you get the coins you need and maintain liquidity for easy buying and selling of cryptocurrencies, we considered a variety of factors including number, quality, and popularity of trading pairs.
6. Trading features
To assess the value of the best crypto exchange for day trading, critical indicators need to be taken into consideration such as the amount of crypto assets accessible for trading, what fiat currencies are accepted, liquidity levels, trading volumes and transaction costs.
We thoroughly analyzed the wide range of sophisticated trading features such as advanced order types and discounts for frequently-made trades.
7. Products and services
Many of the best crypto exchanges offer a wide range of products and services beyond simple trading, including crypto lending, crypto debit cards, custody wallets, staking, and exchange rewards.
Crypto lending, for example, allows users to earn interest on their cryptocurrency holdings by lending them out to other users.
Crypto debit cards, on the other hand, allow users to spend their cryptocurrency like traditional fiat currency, making it more accessible and usable for everyday transactions.
Custody wallets provide a secure way for users to store their cryptocurrency holdings, while staking allows users to earn rewards by holding and supporting a particular blockchain network.
Exchange rewards, such as referral bonuses and loyalty programs, can incentivize users to use a particular exchange and provide benefits for both the exchange and the users.
Overall, the products and services offered by the best crypto exchanges can help to increase the accessibility, usability, and security of cryptocurrencies, making them more appealing to a wider audience of investors.
What is a crypto exchange
A cryptocurrency exchange, also referred to as a digital currency exchange, is an online platform that facilitates the buying, selling, and trading of cryptocurrencies. The primary purpose of a crypto exchange is to serve as a marketplace for individuals to exchange cryptocurrencies, either for other cryptocurrencies or for fiat currencies such as the US dollar or euro.
Crypto exchanges act as intermediaries in the transaction process, connecting buyers and sellers to execute trades. They typically offer a range of cryptocurrencies, including the more established and widely-traded options such as Bitcoin, Ethereum, and Cardano, as well as lesser-known and emerging cryptocurrencies.
It is important to understand what are crypto exchanges and how they can vary in terms of the services they offer, such as the types of cryptocurrencies they support, the methods of payment they accept, their fees and charges, and their security measures.
Types of crypto exchanges
Centralized Exchanges (CEX)
Centralized exchanges, the ones we reviewed in this Top 10 best crypto exchange article, are the most common type of crypto exchange. They are operated by a centralized authority, such as a company, and users deposit their funds into the exchange’s custody. CEXs are known for their high trading volumes, liquidity, and a wide range of trading pairs.
Decentralized Exchanges (DEX)
Decentralized exchanges operate on blockchain technology, and they allow users to trade cryptocurrencies directly with each other without the need for a centralized authority. DEXs offer more privacy and security than centralized exchanges, as users are in control of their own funds at all times. However, DEXs typically have lower trading volumes and liquidity compared to centralized exchanges.
Peer-to-Peer (P2P) Exchanges
P2P exchanges connect buyers and sellers directly, without the need for a centralized authority. The exchange platform acts as a facilitator for the transaction, but does not hold the funds of users. P2P exchanges can offer low fees and more privacy compared to centralized exchanges, as the platform does not hold customer funds.
Hybrid exchanges combine the features of centralized and decentralized exchanges. They offer the benefits of both types of exchanges, such as high trading volumes and liquidity from centralized exchanges and the security and privacy of decentralized exchanges.
How do crypto exchanges work
Centralized crypto exchanges work by connecting buyers and sellers of cryptocurrencies in a secure and regulated environment. The process of using a crypto exchange typically involves the following steps:
- Sign up and verification: To use a crypto exchange, you need to create an account and complete the verification process. This typically involves providing personal information and proof of identity.
- Deposit funds: Once your account is verified, you can deposit funds into your account. This can be done through a variety of methods, including bank transfers, credit card deposits, and wire transfers.
- Buy, sell, or trade cryptocurrencies: Once you have funds in your account, you can buy, sell, or trade cryptocurrencies on the exchange. You can place an order to buy or sell a specific amount of a cryptocurrency at a specified price, or you can execute trades using market or limit orders.
- Monitor your portfolio: You can track your portfolio and see the value of your investments in real-time on the exchange’s platform.
- Withdraw funds: If you wish to withdraw your funds, you can do so by transferring the funds from your exchange account to a personal wallet or bank account.
In conclusion, crypto exchanges work by connecting buyers and sellers of cryptocurrencies, and facilitating the exchange of cryptocurrencies for fiat or other cryptocurrencies. They offer a secure and regulated platform for individuals to trade cryptocurrencies, and provide tools for tracking and managing investments.
How do crypto exchanges make money
Crypto exchanges make money by charging fees for their services. The most common way that exchanges make money is by charging trading fees. This typically involves a small fee being charged every time a user buys or sells a cryptocurrency on the platform.
Another way that exchanges make money is by charging withdrawal fees. This fee is charged when a user withdraws funds from the exchange, and is designed to cover the cost of processing the transaction and transferring the funds.
Some exchanges also generate revenue through premium services, such as margin trading or futures trading. These services typically require a higher level of expertise, and they may come with additional fees and risks.
Additionally, some exchanges make money through interest earned on customer deposits. They may invest customer funds in short-term investments or lend the funds out to other users, and earn interest on the invested funds.
Finally, some exchanges generate revenue through listing fees. This occurs when a new cryptocurrency is added to the exchange and the project behind the cryptocurrency pays the exchange a fee to have their token listed.
In conclusion, crypto exchanges make money through a variety of methods, including trading fees, withdrawal fees, premium services, interest earned on customer deposits, and listing fees. The specific methods used by an exchange will depend on the exchange’s business model and the services it offers.
Best crypto exchanges FAQ
How many crypto exchanges are there?
It’s hard to pinpoint how many crypto exchanges exist at any given time due to the lack of registration with an authoritative body.
Several exchanges may be established and then shut down abruptly, thus rendering it even trickier to keep track.
Nevertheless, as of Q1 2023, CoinMarketCap lists in excess of 240 spot exchanges – Binance being the most prominent amongst them along side Coinbase and Kraken (in terms of volume trades).
Why are crypto prices different on exchanges?
The price of a digital asset fluctuates across markets as they are not completely efficient. This is due to the fees charged by crypto exchanges, in addition to varying levels of trade volume and liquidity available on each exchange. As a result, investors often experience slight differences when comparing prices between different markets.