Picking the best crypto exchange is no simple matter. Cryptocurrency has really taken off in recent years, with more and more people forgoing traditional stocks to buy Bitcoin, Ethereum, and other cryptocurrencies instead.
If you're looking to buy bitcoin or trade cryptocurrency, it can be a very intimidating experience at first. With so many bitcoin trading platforms to choose from, each with their own drawbacks and advantages, how do you know which one is best for you?
As the number of cryptocurrencies in the market continues to grow, investors have more options than ever before to exchange their hard-earned cash for decentralized digital money. The way to access cryptocurrencies is through crypto exchanges, where users can buy, sell and store their crypto. There are myriad factors that will influence your decision on which crypto exchange to choose: security measures, ease of use, trading fees and the number of coins available for trading all play a part in helping you determine the top crypto exchange for you. To help you find the cryptocurrency trading platform that meets your needs, here are several options to choose from that will suit a variety of cryptocurrency investors.
Here we bring you the best crypto exchange platforms with high levels of security.
Best Cryptocurrency Exchange Overall. Based in Malta with branches all over the world, Binance is one of the best crypto exchanges for both beginners and seasoned traders alike. With around 200 coins (including the usual ones like Bitcoin) and their own native coin (BNB), you're really spoiled for coins here.
Binance offers futures trading, margin trading, interest-earning savings accounts, and much more. They have a flat fee of 0.1% on most transactions, though they offer a credit card brokerage service to buy and sell cryptocurrency more conveniently (with higher fees).
Security might not be something to worry about when using this platform, thanks to their system known as Secure Asset Fund for Users (SAFU), ensuring users from theft of funds. On the downside, however, this platform's 2FA and ID verification processes can take quite a while to set up.
Best Customer Service. Founded in 2011, Kraken Digital Asset Exchange is one of the world's largest and oldest bitcoin exchanges with the widest selection of digital assets and national currencies. Based in San Francisco with offices around the world, Kraken's trading platform is consistently rated the best and most secure digital asset exchange by independent news media. Trusted by hundreds of thousands of traders, institutions, and authorities, including Germany's BaFin regulated Fidor Bank, Kraken is the first exchange to display its market data on the Bloomberg Terminal, pass a cryptographically verifiable proof-of-reserves audit, and the first to offer spot trading with margin. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures and Money Partners Group.
This cryptocurrency platform takes pride in offering amazingly fast bank withdrawals, being available in most parts of the world, and charging low fees. The fees are between 0 and 0.36 percent, which is dependent on your type of trading as well as your trading volume for the last 30 days you will enjoy lower fees if you trade more.
Kraken is one of the original crypto trading platforms and they have a good selection of coins and tokens to trade and invest in. They also allow margin trading. However, it's a real exchange, and not as easy to use as some of the top platforms on this list.
Kraken is one of the few platforms on this list that allow you to trade in DOGE and other, more risky, tokens.
Kraken offers a limited section of coins and tokens to US customers versus international customers.
Best Place to Buy Bitcoin For Beginners. Coinbase is one of the best Bitcoin exchanges online, with many beginners using Coinbase as a place to exchange fiat currency into digital currency for the first time. As such, it's most widely used for deposits and withdrawals of Bitcoin - the most popular crypto coin on the market.
Coinbase, which we consider to be the best cryptocurrency exchange, is the most well-known and well-utilized digital currency exchange in the United States. Coinbase is easy to use, which has helped it to become one of the world's biggest crypto-broker exchanges, especially for Bitcoin. Brian Armstrong and Fred Ehrsam established Coinbase in 2012 in San Francisco, California, not long after the arrival of the code of Bitcoin in 2009.
Coinbase is a wholly authorized crypto exchange with licenses to work in more than 40 U.S. states. People have traded more than $50 billion in crypto on the Coinbase exchange since its establishment.
Coinbase offers a very simple-to-use interface, reducing any obstacles that may get in the way for digital money ventures that are already complicated enough.
Coinbase's free Coinbase Pro version has an alternate and less expensive trading fee structure as well as more choices for trading graphs and indicators. Coinbase Pro is ideal for individuals who have achieved veteran status while trading with Coinbase, as it provides advanced features to the investor.
Best For Traders From the United States. This platform was founded in the year 2015 by the twins who sued Zuckerberg for allegedly stealing the Facebook idea. Gemini is, without a doubt, a platform that is highly respected in the United States. It is renowned for having considerably low fees and strict trading security.
Gemini is a popular platform to invest in crypto because of its focus on security and transparency. Unlike some exchanges that appear vulnerable, Gemini makes it a focus to protect its customers.
Gemini is one of the only exchanges we've seen that offers FDIC-protection on USD deposits. They also now support DOGE.
Gemini is a fiduciary, and the site is insured by the Federal Deposit Insurance Corporation. This means security is paramount for Gemini. In a market that has been faced with regulatory challenges, Gemini undergoes regular bank exams and is subject to cybersecurity audits. Gemini is also known for its safety. Cryptocurrency held online in Gemini's exchange wallet is insured, and most of the coinage on the exchange is held in cold storage. If your primary concern is safety and security for your crypto, trading via Gemini is an excellent choice.
Plus, when you open a Gemini account and deposit $100, you get a $10 bonus!
Get started with Gemini here
Best For Security. This platform came into existence in 2013 in Seattle, courtesy of computer security experts who were former employees of Blackberry and Microsoft. This is one of the best, if not the best, cryptocurrency exchange platform in terms of security. It is worth noting that they have never experienced a security breach, which is not typical in the world of cryptocurrency.
This platform works with a flat 0.25 percent trading fee, which is somehow okay in terms of the pricing. Bittrex is available on a worldwide basis, even though some of the advanced features that it offers, such as margin trading, are not.
One of the fastest-growing crypto exchanges on the market, FTX is a U.S.-regulated cryptocurrency exchange built by traders for traders. This exchange offers its users margins and futures trading, which are associated with higher market risks and best suited for professional traders.
There are more than 1 million users on the FTX platform who use FTX for its security, advanced trading features, liquidity and fee structure.
An attractive feature for FTX users who trade in large volume is its fee model. Many crypto exchanges make users pay high fees for each individual transaction, and these fees can add up. On FTX, if you hold and stake its own token, FTT – a way of strengthening the blockchain in exchange for an income stream – you get discounts on transactions.
The more FTT you hold, the higher the discount on FTX fees. FTX also has an NFT platform for users to buy, sell and create nonfungible tokens. If you are an advanced trader looking for technical features on a crypto exchange, FTX is an option for you.
Founded in December 2017, CoinEx is a global cryptocurrency trading platform, providing Spot, Margin, Futures, Swap, AMM, Financial services, and other trading functions. Favored by 3 million+ users in over 200 countries and regions, it now supports 16 languages and customer service within 2,000+ communities. CoinEx has established a complete industry ecological layout around crypto issuance, circulation, application, value discovery, and the blockchain layer technology. With the self-developed proprietary trade matching engine and excellent user experience, CoinEx is dedicated to building a highly secure, stable and efficient cryptocurrency exchange for global users, aiming to become the infrastructure of blockchain world.
Coinmama is a Good Brokerage Service for Bitcoin. This is simply not a cryptocurrency exchange platform; rather, it is a brokerage service. What this means is that you can use the service to purchase your preferred Crypto coins from them rather than from other users.
Landing Page: https://go.coinmama.com/visit/?bta=63043&nci=5550
Crypto.com is another fast-growing crypto app, boasting more than 10 million users in 90 countries. This exchange has a more extensive list of cryptocurrencies than other exchanges on the list, allowing users to trade more than 250 cryptocurrencies with more than 20 fiat currencies using bank transfers or your credit card.
The exchange also offers competitive fees through its volume-based trading. This means users get more discounts as trading volume increases. You can even stake CRO, Crypto.com's native cryptocurrency, to pay for your trading fees and add to your earnings. Crypto.com has a flexible crypto lending platform where users can borrow in cryptocurrency.
In 2018, Robinhood Markets Inc. (HOOD) rolled out cryptocurrency trading. In the years since, the company has built up the crypto side of its app. Robinhood hosts some of the most popular cryptocurrencies: Bitcoin, Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH) and Bitcoin SV (BSV).
This beginner-friendly selection is best for users just starting their crypto journeys who want to add exposure to the most traded cryptocurrencies on the market. With the company's mobile-first mindset, Robinhood has built an incredibly easy-to-use app, and has no commission fees for trading, which means the barriers to entry are extremely low. You can start trading crypto with as little as $1.
As for security, Robinhood keeps cryptocurrency secured through a combination of hot and cold storage. Hot storage is connected online to the crypto exchange, whereas cold storage is offline. A majority of users' crypto is held in cold storage for additional protection. Robinhood has no minimums for deposit.