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Cryptocurrencies can be intimidating for new and veteran investors alike. From real scams to high fees that feel like scams, choosing the wrong exchange can be a real punishment. We want to help you avoid the potential aches and pains of investing in cryptocurrencies by highlighting these well-regarded exchanges that focus on reasonable fees, safety and convenience. Read on for the best cryptocurrency exchanges.
10 best crypto exchanges of 2021 (jump to read more)
Our list includes crypto exchange recommendations for everyone seeking to buy large amounts of cryptocurrencies — from beginners to traders and everyone between. We’ve highlighted four of the best crypto exchange standouts to get you started.
To arrive at these choices, we compared over 25 cryptocurrency exchanges on various factors, including user experience, fees, payment methods and selection of cryptocurrencies. The best crypto exchange for you depends on your unique situation:
Launched in 2012, Coinbase is now a tried-and-tested route for those seeking to enter the space. Coinbase is known for its user-friendly interface, and it provides inexperienced users a comfortable place to purchase a selection of high market cap cryptocurrencies.
Educational content is offered through Coinbase Earn, and users are provided with a Coinbase digital wallet to initially store cryptocurrencies. Coinbase Pro is offered as a more advanced trading platform.
Fees: Starting at $0.99 + 0.5% transaction total
Founded in 2015, Robinhood is an intuitive trading platform designed for straightforward access to the financial markets. Cryptocurrencies can be exchanged 24/7 with no commission payments, and accounts can be opened with no minimum deposits.
Alongside cryptocurrencies, the exchange also offers users access to stocks, options and exchange-traded funds (ETFs). Advanced features such as research reports, margin trading and instant access to larger deposits are available through Robinhood Gold, a premium service.
Since 2013, Coinmama has served as a brokerage focused on the ease of cryptocurrency purchases through a wide variety of payment options. Users can purchase cryptocurrencies using a credit card, debit card, wire transfer, Fedwire, FasterPayments, Sofort and Apple Pay. With a strong focus on customer support and service, Coinmama can be a convenient exchange for those looking to make their first cryptocurrency transaction.
Fees: 2% of transaction + additional fees based on payment method
Since its 2014 inception, Gemini has grown to be one of the most regulated cryptocurrency exchanges globally and holds one of the super-strict New York BitLicenses. Alongside security and regulation, the platform’s usability shines.
The Gemini mobile app echoes the desktop trading platform’s simplicity and ensures cryptocurrency trading on the go is straightforward. Gemini’s dynamic price alerts mean users never miss a price move.
Fees: $0.99 and up per transaction
Launched in 2017, KuCoin has become a market-leading cryptocurrency exchange that hosts over 200+ cryptocurrencies. To accompany the expansive range of cryptocurrencies, KuCoin offers users a range of features, including margin trading, futures trading, peer-to-peer exchange, instant purchases and staking. For crypto variety, KuCoin is a clear choice.
Fees: Trading fees start at 0.1%
Crypto.com launched in 2018 and offers the ability to spend cryptocurrencies with a prepaid Visa card. This versatility makes Crypto.com an excellent choice for the frequent cryptocurrency investor looking to utilize cryptocurrencies for different use cases. Exchange benefits, such as staking rewards, are extended for users who hold the native cryptocurrency token CRO.
Fees: Maker/taker fees start at 0.16%
eToro has been around since 2007 and is often referred to as the social trading platform. The platform allows users to actively trade a wide variety of cryptocurrency/fiat pairings such as BTC/USD and XRP/EUR, utilizing multiple market orders. Users also have access to stocks, commodities, FX, ETFs and indices.
Fees: Start at 0.75%, additional fees for longer positions
Launched in 2019, Binance.US was formed as a US-regulated subsidiary of the Binance global exchange, which is the world’s largest in terms of daily trading volume. Offering both a basic and advanced trading platform, the low fees and over the counter (OTC) service means it is an option to consider for investors looking to make large purchases in the cryptocurrency markets.
Fees: Maker/taker fees start at 0.1%, with instant buys/sells costing an additional 0.5%
The US subsidiary of FTX, FTX US, was formed in May 2020 and offers users the opportunity to place complex market orders to trade futures and leverage tokens, options and MOVE contracts. While many exchanges focus on instant buys or the exchange of cryptocurrencies, FTX focuses on trading cryptocurrency derivatives. Traders can also exchange cryptocurrencies at the spot price.
Fees: Taker fees start at 0.4%, and a spread may be charged on transactions
CoinSwitch was launched in 2017 and is an exchange aggregator. This means CoinSwitch doesn’t focus on buying/selling crypto. Instead, it lets you trade cryptocurrencies through an order book for other cryptos.
CoinSwitch finds the best rates across multiple cryptocurrency exchanges so the user can swap and trade cryptocurrencies with the optimum market rate at the time.
Fees: Typically under 1%
Cryptocurrency is held in digital wallets. Some exchanges will give you a wallet, which lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired. Others will require you to have your own wallet at the time of purchase.
However, using an exchange for long-term storage is not recommended. As the exchange controls the private key to your wallet, you don’t have total control over your funds. And with exchanges regularly — and sometimes successfully — targeted by hackers, storing crypto on an exchange long term is very risky.
Use our table to compare crypto exchanges on fees, fiat currencies, deposit methods and more. Once you’ve found the right fit, select Go to site to get started.
We analyzed the range of 20+ cryptocurrency exchanges compared in the table on this page. We looked at the beginner-friendliness, suitability for fiat currency purchases, fees, cryptocurrency selection and advanced trading features of each exchange to find the one that’s best of each category.
Bear in mind this isn’t an exhaustive list of all the exchanges out there. Some exchanges may be better for some situations and currencies. What’s best for you depends on your own circumstances.
We assessed the level of beginner-friendliness by looking for exchanges that offer direct fiat purchases, have a managed cryptocurrency wallet for customers, use a clean and intuitive user interface, allow quick signups and have a reputation for good customer service.
To be one of the best beginner-friendly exchanges, a platform had to be a broker where customers can simply buy cryptocurrency from the exchange, rather than needing to deal with other traders on the open market.
Being a regulated exchange with specific, legally enshrined consumer protections was highly regarded.
To be eligible in this category, an exchange naturally needs to offer fiat currency purchases. We then compared exchanges to find one where any eligible customer who wanted to buy cryptocurrency with their local currency could, regardless of their preferred payment method. Various payment methods, including some with low- or no-deposit fees, some which can be processed instantly and cash payment facilities, were highly regarded.
We assessed 0.5% per trade as a cutoff point above which an exchange could not be determined to have low fees. We then looked for the exchanges that have no hidden costs, such as excessive withdrawal fees, and include options for reducing fees even further, such as different trading fee tiers and other ways of reducing fees. The value of these fee reduction techniques was judged based on how much they reduced fees by and how accessible they are to a wide range of users.
Cryptocurrency selection was judged on the sheer range of cryptocurrencies but also strongly considers how quickly exchanges typically are to list newly released cryptocurrencies and how often an exchange is the first major platform to list a given token.
The factors considered here include an exchange’s suitability for a wide range of different types of traders. For example, a platform that is equally suitable for an experienced or inexperienced trader, or a frequent or infrequent trader, would be judged more positively than a more narrowly focused platform.
We also considered fees, liquidity, selection of cryptocurrencies, the ability to go both long and short on cryptocurrencies, access to leverage, advanced trade types, bot or API trading support and other features.
What you need to know about using FTX US, including fees, available cryptocurrencies and what payment methods are available.
Learn more about the Crypto.com platform in our complete review.
Your detailed review of the Paybis cryptocurrency exchange, including supported cryptos, registration, fees and payment methods.
Finder’s methodology for best cryptocurrency exchanges on the US market in terms of speed, ease of use and cost-effectiveness.
Learn more about trading cryptocurrencies on eToro USA by reading the full review.
Learn more about Binance.US, the American arm of the world’s largest cryptocurrency exchange.
Read the Zebpay review to find out how to use the app and what to watch out for.
Read our Cointree cryptocurrency exchange review to find out how it works and what you need to know before signing up.
Learn more about the KuCoin exchange, how it works, what the fees are and how to get started trading.
If you’re thinking of trading cryptocurrency and CFDs on eToro, make sure you check out our comprehensive eToro review first.
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