Our top pick for
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.
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%
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 2019, Binance.US was formed as a US-regulated subsidiary of the Binance global exchange, which is currently 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%
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
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
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%
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.
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