Top 8 Best Crypto Exchanges for Beginners in July 2024

We regularly review 48+ of the leading cryptocurrency exchanges to find the best in the business. Find & compare the best crypto trading platforms here.
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Updated: Jun 19, 2024
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New to crypto, intrigued by the latest bull market? Or an experienced campaigner, looking for a new way to buy crypto? This guide is for you, whatever your experience or background.

Our expert panel rates and reviews 48+ of the top crypto exchanges throughout each year to create a list of the best platforms out there today. The goal is to create a one-stop shop, packed full of information to help you decide which service to use.

To create this list, we scored each crypto exchange based on a set of variables that we consider to be the most important factors that go into choosing an exchange. These include:

  • The cost of trading
  • Exchange security features (such as SEC regulation, deposit insurance, and two factor authentication)
  • Ease of use and accessibility for beginners
  • Supported crypto assets (total number of cryptocurrencies, derivatives, and other assets)
  • Number of different payment methods accepted
  • User reviews and feedback from survey respondents

The scores are weighted, so that site security, cost, and user feedback have a significant influence over the final ranking. Security and regulatory compliance in particular are hot-button issues at the moment, so our recommendations reflect that.

The final results and rankings are below, along with our advice on how to choose the best crypto exchange for you. To learn more about our methodology and reviewing panel, read our review process.

The best cryptocurrency exchanges with lowest fees July 2024

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  1. eToro: Best for beginners, copy-trading & demo-account
  2. Plus500: Best for international CFD trading*
  3. Kraken: Best for simple, global cryptocurrency trading from your phone
  4. Bitstamp: Best for professionals & trading with APIs
  5. Uphold: Best for building long term wealth

Expert picks: top 3 crypto trading platforms

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Sort by:

1
Min. Deposit
80 €
Best offer
User Score
9.9
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

51% of retail CFD accounts lose money. Your capital is at risk.

2
Min. Deposit
-
Best offer
User Score
9.9
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
-
Best offer
User Score
9.8
Offers maximum flexibility for crypto trading strategies.
Responsive customer support through various channels, including live chat, email, and a comprehensive help center.
Wide range of trading options, including spot trading, margin trading, and futures contracts.
Start Trading
Payment Methods:
Debit Card, Credit Card, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Review & compare the top crypto trading platforms

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1. eToro. Best for beginners, copy-trading & demo-account

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1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

51% of retail CFD accounts lose money. Your capital is at risk.

2. Plus500. Best for international CFD trading*

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From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Kraken: Best for simple, global cryptocurrency trading from your phone

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0.10% - 0.26% (volume dependent)

Fees

$10

Minimum deposit

200

No. assets

Yes

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges
Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. Creating an account is free, then you’re ready to make your first step, with no time-consuming verification periods.

With 200+ crypto tokens at your fingertips, a 24/7 support system, and an extensive educational platform, Kraken is the perfect place to take your first steps into crypto. It’s perfect for international traders outside the US, and is available in 190 countries around the world.

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Visit Kraken Kraken Review

4. Bitstamp. Best for professionals & trading with APIs

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Variable

Fees

$10

Minimum deposit

100

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Highlights

Visit Bitstamp Bitstamp Review

5. Uphold. Best for building long term wealth

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$0.99

Fees

...

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up
Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Visit Review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

6. Public. Best for sharing beginner trading ideas

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public.com logo

1-2% (spread)

Fees

$20

Minimum deposit

9,000

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: Cryptocurrency trades are charged a 2.5% fee per transaction. 

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

7. KuCoin. Best social trading altcoin exchange

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...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees
Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Visit KuCoin KuCoin Review

8. Coinbase. Best secure trading platform for all types of trader

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Up to 0.6%

Fees

$10

Minimum deposit

200

No. assets

No

Demo/virtual account

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods
Quite high fees for credit and debit card instant buys Poor customer support

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. There is insurance on all cash balances up to $250,000 and the majority of assets are stored offline in cold storage.

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Visit Coinbase Coinbase Review

What is a crypto exchange?

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A crypto exchange is an online marketplace where you can buy and sell cryptocurrency. You make a deposit in a fiat currency, such as dollars, and you can swap that money for digital assets like Bitcoin, Ethereum, or Dogecoin.

How do Bitcoin exchanges work?

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By matching users who want to buy with users who want to sell cryptocurrency. Imagine an auction house where both buyers and sellers are submitting bids and asking prices simultaneously, and as soon as a pair agrees on a price the coins change hands. This is what happens behind the scenes on a crypto exchange.

In practice, this all takes place automatically through an ‘order book’. Every time a user submits a bid to buy or places coins up for sale, it’s added to the order book. The exchange constantly matches the bids in the order book together to make transactions.

How to use a cryptocurrency exchange

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Whenever you want to buy a cryptocurrency, you submit a bid for it on the exchange. You decide what you want to buy, how much, and how you want to pay for it. You then have the choice between placing a ‘market’ or a ‘limit’ order.

  • A market order places an order for your coins and asks for it to be executed as soon as possible. This means you will pay the current market rate. 
  • A limit order sets the price at which you’re willing to buy. This order is only executed when a seller is willing to sell at that price.

You may get better value for money by using a limit order, but you may not get your coins if there is no seller. A market order means you will get the coins but it might cost you more to do so.

What should I look for in a crypto exchange?

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A crypto exchange account should offer an easy and inexpensive way to invest. It should also offer other basic features, such as the ability to invest in any coin you want.

Below is a list of the most important features for crypto traders to look out for when choosing the best cryptocurrency exchange.

Low trading fees

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Crypto exchange fees vary from one exchange to another and depend on how much you trade. The trading fee usually falls between 0.1% and 1.25% but you should shop around to access the most competitive trading fees. Getting the most Bitcoin for your buck means finding a cryptocurrency exchange with a low rate.

Some crypto exchanges offer a more competitive trading fee for high volume traders, or if you own some of their own cryptocurrency. Binance, for example, offers cheaper commissions if you own Binance coin (BNB) or if you trade more than $1m a month. It’s worth exploring the perks of any platform you’re interested in.

Regulatory protection

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Where a crypto exchange is based can greatly influence the level of protection you’re offered as a trader. A cryptocurrency exchange registered in the US must meet much stricter collateral requirements than those based elsewhere. These rules for regulatory compliance are laid out by the SEC, the Securities and Exchange Commission, which is the financial regulator in the US.

It is a sad fact that users need to be protected against bad actors in all financial trading, and we’ve seen some high-profile cases of cryptocurrency exchanges going bust or making off with their customers’ money.

Sam Bankman-Fried was ultimately sentenced to 25 years in prison for his role in the demise of his FTX exchange, but the fact users in the US were largely protected from the fallout because of stricter regulations in the US shows the virtues of signing up to an exchange with this sort of protection.

Simple design that’s easy to use

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An important consideration when choosing a cryptocurrency trading platform is how well designed the website is. The best crypto exchanges let you focus on buying the coins, not figuring out how the site functions, so find an exchange you’re comfortable using.

Usability varies depending on who the main target market is. For instance, Wirex comes with a user-friendly interface to help beginners invest in crypto, whereas other sites are designed for advanced users, with detailed graphs, more complex markets, and professional-style trading tools. 

A large range of cryptocurrencies

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Make sure that any crypto exchange you sign up to offers the crypto assets you want to buy. This information is usually easy to find on the exchange website but it is worth looking into, as not every cryptocurrency is available on every exchange.

A related feature to look out for is the pairs available for each coin. This shows you which coins or currencies you can swap for any particular crypto so if you see BTC/USD, that means you can swap your US Dollars for Bitcoin (and vice-versa). Some coins can only be bought with other cryptocurrencies and the options vary between platforms.

Available where you live

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Access to some crypto exchanges is limited depending on where you live. Platforms such as Binance and Coinbase are available to US users but may not be available everywhere. Binance, in particular, has been forced to restrict access to users in certain countries in response to tighter regulations, while it is only able to operate in the US after its owner and former CEO, Changpeng Zhao (CZ), resigned his position in 2023.

Check that the exchange you want to use is available where you are before creating an account. The rules might also vary by state, so it’s important to check the laws where you live.

Offers any additional trading features you might need

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If you want to use certain advanced trading tools, such as leverage, then you need to pick a cryptocurrency trading platform carefully. Leverage, spread betting, and futures or options trading are available on some exchanges in some parts of the world but are not universal.

Pick a cryptocurrency exchange

Quick answers to key questions

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Can I use a crypto exchange anonymously?

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Not normally. Most crypto exchanges require you to verify your identity when you register an account before you are even allowed to trade. 

You have to verify your account by providing your address and a form of photo ID. These fraud prevention measures, such as Know Your Customer (KYC) regulations, have been introduced on more and more exchanges in recent years in response to SEC attempts to ensure they do more to protect you against malicious activity.

Some cryptocurrency exchanges still allow more anonymity, but they are not the best place to start if you’re new to crypto. Rather than a completely anonymous crypto exchange, you can find platforms that offer a compromise, such as lower withdrawal limits if you don’t verify your ID.

Here are some leading no KYC cryptocurrency exchanges:

Crypto exchangeFeesNo. of assets
Uniswap0.3%900+
KucoinFrom 0%750+
BybitFrom 0%100+

How fast are transactions processed on an exchange?

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For popular cryptos, like Bitcoin or Ethereum, it normally only takes a few seconds. However, it depends on how long it takes for someone to take the other side of your trade. 

During periods of high volatility, falling markets, or when purchasing less popular coins, it can take longer. Remember that on an exchange you’re trading with other users, so it relies on someone else wanting to trade with you.

If speed is important to you and you want to make sure your trades are executed instantly, consider using one of the top crypto brokers instead. Those services take the other side of the trade automatically (and charge you a fee for the convenience).

What payment methods are available on a crypto exchange?

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Payment options vary across crypto trading platforms, but most let you deposit via a bank transfer or credit/debit card payment. 

Other payment options like PayPal, Skrill, or Payoneer, are also available on some platforms, although you should confirm this before signing up and be prepared to pay a slightly higher fee for each deposit. PayPal is by far the most common, and here are some of the best crypto exchanges that accept PayPal:

Bitcoin exchangePayPal accepted?
eToroYes – Deposits & withdrawals
BitstampYes – Deposits & withdrawals
BinanceYes – Deposits & withdrawals

Can I use a Bitcoin exchange on my mobile phone?

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Yes, there are many crypto exchange apps available for iOS and Android. You can find the best crypto apps on the Google Play Store or Apple Store to invest in digital currencies on the go.

Here are some of the top mobile crypto exchanges and apps:

Crypto appOperating system
eToroiOS, Android, and tablet
OKXiOS, Android, and tablet
CoinbaseiOS, Android, and tablet

Which crypto exchange has the most coins?

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Binance has the largest selection of cryptocurrencies. You can buy almost any altcoin you want and, just as importantly, swap between different cryptos. Here are other crypto trading platforms that offer plenty of altcoins:

Product eToro assets Plus500 assets Kraken assets
Stock CFDs 3117 1,800+
ETF CFDs 317 100+
Forex CFDs 49 50+
Crypto CFDs 73 40+
Index CFDs 20 20+
Commodity CFDs 26 20+
NFTs 100,000 250 +
View more > eToro > Plus500 > Kraken >

Exact figures may vary. NFTs are accessed through Delta, an NFT explorer app which is owned and operated by eToro.

What is the largest cryptocurrency exchange?

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Binance is the exchange with the highest 24 hour trading volume. It’s the most liquid crypto exchange, so there’s normally someone to take the other side of your trade. Here are the top three crypto exchanges by trading volume:

Crypto exchangeTrading volume (24hr)
Binance$18,500,000,000+
Coinbase$1,160,000,000+
OKX$1,000,000,000+

*24 hour trading volume, as of July 2024

Choose your favourite crypto exchange

Top crypto exchanges for your needs

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Every crypto investor has different requirements, and these should be reflected in the exchange you choose. Below, our experts assess a range of global crypto exchanges and suggest the best option for different crypto investors.

What is the best crypto exchange for beginners?

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eToro. You can practice crypto trading on a demo account to start with. It’s easy to sign up, the trading fees are low, and it’s trusted by millions of users around the world. Here are some other beginner crypto exchanges:

Crypto exchangeFeesNo. of assets
eToro1%73+
Coinbase1%200+
BinanceFrom 0%600+

What is the crypto exchange with lowest fees?

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eToro is the cheapest crypto exchange. It adds a flat 1% fee added to the market price of each digital asset. The fee is part of the spread, so there are no surprises. Here is a breakdown of the lowest fee crypto exchanges:

Asset eToro fees Plus500 fees Kraken fees
Cryptocurrencies 1% From 2% 0.10% – 0.26% (volume dependent)
Commodities From 2 pips From 0.04%
Currencies From 1 pip From 0.8%
Indices From 0.75 pts From 0.7%
Stocks 0% commission From 0.08%
Stock CFDs 0.15%
ETF CFDs 0.15%
View more > eToro > Plus500 > Kraken >

What is the safest crypto exchange?

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Coinbase is the most secure crypto exchange. Coinbase is a large, public company that has to be transparent in order to comply with stock market regulations. Here are the crypto trading platforms that came out with our top security score: 

Region eToro regulators Plus500 regulators Kraken regulators
Africa FSA
Asia FSA
Australasia ASIC ASIC, FMA AUSTRAC
Europe FCA, CySEC FCA, CySEC FCA, MiFID II
International
North America FinCEN FinCEN, FINTRAC
South America
View more > eToro > Plus500 > Kraken >

What is the best crypto exchange for staking coins?

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Nexo is the best place to go if you want to stake, or earn interest on, your cryptocurrency. Many exchanges have some form of staking system now, but the likes of Nexo are more like interest paying bank accounts and come with fewer charges than regular crypto exchanges. Here are more top staking platforms:

Cryptocurrency exchangeNo. of stakable assets
Nexo60+
Kucoin750+
Uphold220+

Read more: best crypto staking platforms

What is the best crypto exchange for altcoins?

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Binance offers more than 500 cryptocurrencies, which makes it the best place to go to buy your favourite altcoin. With a minimum deposit starting from just $1, it’s the ideal place for beginners or casual traders to start trading altcoins. Here are more exchanges with lots of altcoin options:

Crypto exchangeTrading feesNo. of altcoins
BinanceFrom 0%600+
KucoinFrom 0%750+
OKXFrom 0.6%340+

Read more: best altcoin exchanges

What is the best crypto exchange for day trading?

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Bitstamp has the best tools for fast intraday trading. It boasts industry-leading uptime and a professional account where you can access high liquidity and instant order execution. Here are some other top day-trading crypto platforms:

Crypto trading platformTrading feesNo. of assets
BitstampFrom 0%80+
OKXFrom 0.6%340+
eToro1%73+

What is the best fiat-to-crypto exchange?

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Binance is designed for convenience, so it makes it easy to swap between fiat and crypto currency. Large, popular crypto exchanges that target casual traders are ideal for fiat-crypto conversions. Here are some other top fiat-to-crypto exchanges:

Crypto exchangeFiat trading pairsNo. of assets
BinanceUSD, GBP, EUR, AUD600+
CoinbaseUSD, GBP, EUR200+
UpholdUSD, GBP, EUR220+

Read more: best fiat-to-crypto exchanges

What is the best no-fee crypto exchange?

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There aren’t many genuinely free crypto exchanges. More often, only parts of the service are free, such as Bitcoin or stablecoin trading. Here are the best crypto exchanges that offer some form of free trading:

Crypto exchangeFeesNo. of assets
KucoinFrom 0%*750+
BinanceFrom 0%*600+
BitstampFrom 0%*80+

*0% on certain assets only

What is the best P2P cryptocurrency exchange?

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Binance offers the largest P2P crypto exchange in the world. Binance P2P gives you more control over your trading along with the peace of mind that comes from being part of a larger, traditional exchange. Here are some other leading peer to peer crypto exchanges.

Crypto exchangeFeesNo. of assets
Binance P2PFrom 0%600+
LocalBitcoinsFreeN/A
PaxfulFreeN/A

What is the best crypto derivatives exchange?

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Binance offers the best range of derivative markets. It’s a futures exchange, and options exchange, and the best exchange to short crypto, all rolled into one. Here are other crypto trading platforms where you can access derivatives:

Crypto exchangeFeesNo. of assets
BinanceFrom 0%600+
KuCoinFrom 0%750+
OKXFrom 0.6%340+

What is the best Ethereum exchange?

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eToro is the best Ethereum crypto exchange. All ETH trades are subject to a 1% flat fee, which is competitive, and you can take advantage of features like CopyTrader, which is a great way for beginners to learn. Here are more top Ethereum exchanges:

ETH exchangeTrading feesNo. of assets
eToro1%73+
BitstampFrom 0%80+
BinanceFrom 0%600+

Read more: best Ethereum exchanges

What is the best Dogecoin exchange?

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eToro rates as our top Dogecoin crypto exchange. It’s a beginner-friendly crypto trading platform that’s price competitive and which offers beginner-friendly features, like a social trading feed. Here are more of the best Dogecoin exchanges:

DOGE exchangeTrading feesNo. of assets
eToro1%73+
BitstampFrom 0%80+
BinanceFrom 0%600+

Read more: best Dogecoin exchanges

What is the best DeFi exchange?

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Binance offers all of the leading decentralised finance coins, including Avalanche, Chainlink, Aave, and Maker. If you also own the Binance coin, you can buy and sell these DeFi tokens with extremely low trading fees. Here are more top Defi trading platforms:

Cryptocurrency exchangeFeesNo. of assets
OKXFrom 0.6%340+
BinanceFrom 0%600+
KucoinFrom 0%750+

Read more: best DeFi exchanges

What is the best decentralized crypto exchange?

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Uniswap is the best decentralised cryptocurrency exchange, where you can swap a vast number of Ethereum-based coins. You need to own cryptocurrency in a crypto wallet first, though, so you may need to sign up to another crypto exchange and buy some coins before you use Uniswap. Here are the top three decentralized exchanges:

Decentralized exchangeDefault slippageNo. of assets
Uniswap0.5%900+
PancakeSwap0.5-1%3000+
DYDX0.5%22000+

Read more: best decentralized exchanges

Your verdict: top crypto trading platforms user reviews

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Before signing up to any platform, it’s always useful to see what other people’s experiences of the service have been. You may find other users offering up viewpoints you hadn’t considered before, or it can serve as a final test to ensure the exchange can be trusted with your money.

Below we’ve gathered user feedback for each of our top rated crypto exchanges, so you have the complete picture to make your final decision.

Review source eToro rating Plus500 rating Kraken rating
Trustpilot 4.4 4 1.5
Google Play Store 4.1 4.3 4.4
App Store 3.8 4.1 4.7
View more > eToro > Plus500 > Kraken >

Methodology: How did we choose the best cryptocurrency exchanges?

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Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 48 cryptocurrency exchanges to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to each exchange, conduct research, and score each service.

Our tests are designed to find crypto exchange platforms that offer a beginner-friendly, secure trading experience at a fair price. To supplement our practical testing and experience, we research each exchange to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each crypto exchange is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual crypto brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

FAQs

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Are Bitcoin exchanges legal?
Do I have to pay tax on the coins I buy through an exchange?
Are crypto exchanges regulated?
Are there trading limits on an exchange?
What happens if an exchange gets hacked or closes down?
Do I need a wallet to use a Bitcoin exchange?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.