To help navigate the complicated world of crypto, we've launched a comprehensive review of cryptocurrency exchanges available in the US.
Our goal is to recognize and award exchanges that excel in one of the following categories: Overall, Value, Beginners, Instant Purchases, Altcoins, Extra Features and Advanced Trading.
These awards are then used to inform our "Best for" selections across many of our cryptocurrency guides.
We analyzed more than 1,500 data points across 45 cryptocurrency platforms in the US to find winners in 7 different categories. Approximately 300 hours went into data collection, review and analysis.
Awards are based on quantitative criteria which are weighted and scored for each category.
A total of 45 cryptocurrency platforms were eligible to be reviewed as part of the awards program.
Platforms must be registered with the Financial Crimes Enforcement Network (FinCEN) to qualify. They also had to pass Finder's internal due diligence process, which is a requirement for all platforms listed on our website.
How do we choose our award winners?
Platforms were scored on a set of criteria chosen by Finder's cryptocurrency experts and data analysts.
Criteria were based on publicly available data. If data was unavailable, we contacted platforms and requested the data. Some platforms declined to provide missing data and received a score of zero for that criterion as a result. The criteria were then weighted differently for each award.
For instance, criteria that related to fees were up-weighted for the "Value" award, while criteria related to advanced trading products received a weighting of zero for that award.
The exchange that scored highest in each award was named the winner, with the exchanges that scored second and third highest each receiving a highly commended award.
What features do we compare?
Awards are based on a comprehensive list of 61 individual criteria that fit into one of the following 7 categories:
Payment methods and deposit fees
Spot market fees and features
Instant buy fees and features
Advanced trading features
Customers support and security
Criteria and weightings were chosen by an expert panel of Finder crew, including data analysts and editorial staff. They took into account user experience, industry standards and regulatory requirements.
Each individual criterion received a weighting, which varied depending on the award. Each award has a unique combination of weightings. Customer support and security were considered in all awards.
The weighting of each category for individual awards is outlined below.
This award focuses heavily on fee data. The main focus is the spot market, followed by instant purchase fees. It also considers payment methods as well as the number of coins available.
Payment methods and fees – 24%
Spot market fees and features – 41%
Instant buy fees and features – 26%
Customer support and security – 9%
This award captures a wide range of factors that all contribute to a beginner-friendly experience for users. In addition to beginner-friendly features, customer service, value for money and access to instant purchase features contributed significantly to this award.
A small number of brands were excluded from this award at the discretion of editorial staff after conducting hands-on research.
Payment methods and fees – 19%
Spot market fees and features – 6%
Instant buy fees and features – 30%
Beginner-friendly features – 15%
Extra features – 2%
Customer support & security – 28%
This award highlights exchanges that provide a comprehensive instant purchase experience with an emphasis on value for money.
Spot market fees and features – 10%
Instant buy fees and features – 79.2%
Beginner-friendly features – 5%
Customer support and security – 5.8%
This award focuses heavily on the number of coins and tokens available on the exchange, in addition to liquidity and trading pairs.
Spot market fees and features – 78%
Instant buy fees and features – 16%
Customer support and security – 6%
This award spotlights exchanges that offer a broad range of features on top of the standard trading experience, such as earning products, debit cards and NFT markets.
Payment methods and fees – 8.4%
Spot market fees and features – 13.4%
Instant buy fees and features – 7%
Beginner-friendly features – 12%
Extra features – 31.4%
Advanced trading features – 16%
Customer support & security – 11.8%
This award takes into account advanced trading features such as order types and charting tools as well as regulatory compliance, liquidity and fees.
Payment methods and fees – 14%
Spot market fees and features – 29%
Beginner-friendly features – 5%
Advanced trading features – 43.2%
Customer support and security – 8.8%
The Overall award was given to the exchange that had the highest average score across each of the 61 criteria.
Does Finder compare all cryptocurrency exchanges?
No. We perform due diligence on exchanges before listing them on our website.
As a result, we purposely choose not to compare some exchanges, as we consider these platforms unsuitable for various reasons.
For example, a platform may be excluded because it is not appropriately registered with local regulators like FinCEN or offers high-risk products without the appropriate licence.
Despite this, our list of exchanges accounts for the bulk of retail use in the US and represents the majority of popular and well-regarded providers.
The Finder editorial team's ratings
Cryptocurrency exchange platforms are not created equal. To help you identify where an exchange shines – or falls flat – Finder's editors objectively assess each platform across a spectrum of performance metrics.
Finder considers 8 key factors in our ratings to get an overall score:
Fees and costs
Transferring money or crypto assets
Ease of use
Staking and earning
Trustworthiness and security
Our ratings are designed to help you assess a cryptocurrency exchange's strengths and weaknesses. The best way to inform your decision is to read Finder's full platform review for an in-depth breakdown of its features.
Finder rates crypto platforms using a system of 1 to 5 stars.
★★★★★ – Excellent
★★★★★ – Good
★★★★★ – Average
★★★★★ – Subpar
★★★★★ – Poor
One of the most important aspects to consider when choosing a cryptocurrency exchange is its supported crypto coins and tokens. Exchanges with wider selections of cryptocurrencies are given higher ratings than those with only a few offerings. However, special consideration is given to exchanges that have fewer offerings but are strong in their support for them.
Finder rates fees and costs for crypto exchanges based on two factors: their deposit and withdrawal fees for both fiat and crypto assets, and their trading fees. Exchanges with high deposit and withdrawal fees for both crypto and fiat are given lower ratings than those that have lower fees or even cover fees for users. Exchanges with high trading fees or big price spreads on trades are penalized while those with low percentage fees and tiers are rated higher.
Another important factor when choosing a cryptocurrency exchange are the speeds and fees for transferring fiat and crypto assets to it. Exchanges with quick withdrawal and deposit speeds combined with low or no fees are given higher ratings. Those with long wait times, the inability to withdraw certain assets altogether and deposit fees for crypto are given lower ratings.
The number of newcomers to crypto means that it is imperative that exchanges have good customer service. Finder evaluates a platform's customer service based on a few factors. The types of customer services available (live chat, email support tickets, call centre), timeliness of response and the helpfulness of the support are all factored in.
User experience on crypto exchanges is critical. Finder rates exchanges on their ease of use across a number of components. User interface (UI), onboarding experience, Know Your Customer (KYC) processes, trading interface and overall feel of the exchange are all considered.
The ability to put crypto assets to work earning interest is one of the biggest draws of the sector. Finder rates the staking and earning of crypto exchanges based on whether they have it at all. Then, the options they have available, the rates and the term periods are all combined to create an overall staking and earning rating.
Exchanges have evolved quite a bit from their early days. Whereas they used to just facilitate the transactions of a few crypto assets, some now have associated credit/debit card; derivative products; learn and earn programs; educational resources like news blogs, tutorials, data insights; advanced charting tools and NFT support.
The prevalence of scams and hacks in the cryptocurrency sector means picking an exchange that is trustworthy and secure. Finder assesses the exchange's history of hacks (if any), their responses to those incidents, whether they have undergone security audits and their insurance funds to generate a rating.
To generate Finder's overall rating for a crypto exchange, each category is added together and then averaged out. Some extra weight is given to the fees and security sections as they contribute to overall profitability when using a platform. The average or rating is rounded to the closest star, meaning if 4.6 it will be 5-star, 4.4 is 4-star.
How do we choose our "Best for" picks"?
Our "best for" picks are displayed at the top of many of our cryptocurrency guides and feature 3-5 "Best for X" categories.
The exchanges are awarded titles using the methodology above and from time to time may also include some "Promoted Picks", which have been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.