Compare the best cryptocurrency trading platforms in 2022

Trading the crypto market can lead to big profits but you’ll need to use a top rated platform before you start. Use this guide to compare the best cryptocurrency trading platforms this year.
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Updated: Jun 15, 2022

Trading the cryptocurrency market has exploded in popularity recently and it’s now possible to buy and sell coins with many of the biggest brokers. This beginner friendly page compares the best cryptocurrency trading platforms to help you choose the best one. 

What are the best cryptocurrency trading platforms?

Our crypto experts have tested the top platforms around and selected the best ones which you can find in the table below. If you’re ready to start trading crypto now, click on any of the links to get started in just minutes.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 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
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Description:
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
Payment Methods
Full regulations list:
4
Min. Deposit
$1
Promotion
User Score
8.5
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
5
Min. Deposit
$0
Promotion
User Score
7.9
Earn up to 3.5% back in crypto on every purchase
No hidden fees or minimum balance
Immediate Trade Execution
Start Trading
Description:
BlockFi was created to provide credit services to markets with limited access to simple financial products. BlockFi sets itself apart from other crypto service providers by pairing competitive rates with institutional-quality benefits. BlockFi is the only independent lender with institutional backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures.
Payment Methods
Full regulations list:

Top cryptocurrency trading platforms

1. eToro: Best overall

eToro is our experts’ pick as the best overall cryptocurrency trading platform because it charges zero fees. When trading crypto with eToro the only cost you’ll incur is the bid ask spread, which is competitively low. The platform has a range of crypto available including all of the big names like Bitcoin, Ethereum, Litecoin. 

Its custom platform also doubles as a social trading network. This allows those that are new,  the ability to copy the trades of experienced users. If you’ve been trading crypto for some time you’ll find its platform not only easy to navigate but also packed with lots of technical tools and indicators which can help with market analysis.

Pros

  • Zero trading commission
  • Social trading features 
  • Good selection of cryptocurrency available

Cons

Sign up with eToro >

*68% 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 

2. AvaTrade  Best for cryptocurrency CFDs

If you want to trade cryptocurrency via CFDs then you’ll find AvaTrades platform best suited to your needs. It’s primarily a forex broker but offers lots of other assets like stocks, commodities, and indices. It also has a selection of cryptocurrencies available to trade through CFDs and has a few choices when it comes to trading platforms. 

AvaTrade has a web based platform, a mobile application, and both MetaTrader 4 and 5. It even offers automated copy trading features and the ability to program your own trading algorithmic trading robot. One thing to note with AvaTrade is that due to regulatory requirements, cryptocurrency trading is only available to ‘professional users’.

Sign up with AvaTrade >

Pros

  • Choice of trading platforms 
  • Good range of cryptocurrency available 
  • Other assets available 
  • Fully regulated trading platform

Cons

3. Coinbase: Best for cryptocurrency beginners

Coinbase is one of the best known cryptocurrency exchanges around and its easy to use trading platform is a top choice for beginners. Its web based platform and mobile app make it very simple for new traders to buy and sell coins like Bitocin and Ethereum. It doesn’t list as many coins as other platforms, but has a healthy selection of over 100. 

One thing to be aware of when using Coinbase is its high transaction fees which can quickly add up if you make lots of trades. Although it does offer a Pro version of its platform which has much lower trading fees and more features. For beginners its regular platform is sufficient and makes trading cryptocurrency more accessible to those just starting.

Sign up with Coinbase >

Pros

  • Very simple trading platform
  • You have the ability to earn interest on your account balance 
  • Pro version available with more features and lower fees
  • Good choice of coins 

Cons

4. Nexo: Best for earning interest on cryptocurrency

Nexo is a popular cryptocurrency trading platform and is the best place for earning interest on your crypto and fiat currency savings. You can trade over 300 crypto pairs on the platform and earn interest on over 30 coins and 3 fiat currencies. You can make up to 17% annually on a range of the biggest coins like Bitcoin and Ethereum. 

Using the platform to earn interest is a quick and easy process and requires just a few clicks and payouts occur daily. While Nexo is best known for its interest payments, its trading platform has many features including leverage up to 1:300 and spreads as low as 0.20%. Another benefit Nexo has, is it offers instant crypto loans with very low interest repayments.

Sign up with Nexo >

Pros

  • Over 300 crypto pairs to trade
  • Low spreads and zero trade commission
  • Interest on over 30 cryptocurrencies
  • Access to crypto loans

Cons

5. Binance: Best for experienced crypto traders

Binance is one of the best known crypto exchanges in the world and its platform is the best choice for experienced traders or investors. You can trade hundreds of coins on Binance and if you buy and sell a lot, you wont need to worry about fees as its transaction costs are so low. 

The platform includes lots of advanced trading tools for traders to look at coin movements and market analysis. As it’s such a large and well used exchange, liquidity is very good and you will have very little trouble making trades. Biance also has a free online wallet that you can use to store over 130 coins on.

Sign up with Binance >

Pros

  • Hundreds of coins available to trade
  • Advanced trading tools and features 
  • Free online wallet
  • Good liquidity

Cons

What is a cryptocurrency trading platform?

It’s a website where you can buy and sell cryptocurrency. Trading platforms are offered by exchanges and brokers. Exchanges let you transact with other traders and brokers act as a ‘middleman’ between you and an exchange, or let you buy directly from them. Cryptocurrency trading platforms are pieces of software that let you make crypto trades. 

How does a cryptocurrency trading platform work?

As previously mentioned, a cryptocurrency trading platform is a piece of software that lets you make crypto trades. It does this by connecting your order with orders from other traders. A cryptocurrency trading platform offered by an exchange (like Binance on our list) gives you direct access to other traders and its software matches your buy or sell with someone else’s. 

Platforms offered by brokers (like eToro on our list) work in a similar way, although they do not directly match your order with someone else’s. Instead, your broker will decide if your order will be executed or not. Many brokers offer CFDs which means you won’t actually own any crypto and instead will be placing ‘bets’ on prices to rise or fall. 

How should I choose a cryptocurrency trading platform?

There are a number of features to look out for when selecting a cryptocurrency trading platform. Above all you’ll want to find one that offers the best and most reliable prices. As the crypto market is decentralised, prices can vary from platform to platform. Below we have included some of the key things to consider when choosing a cryptocurrency trading platform

  • Prices. The nature of the crypto market means there is no central exchange where prices are set. It is not uncommon for different platforms to display different prices. Make sure you select a platform that offers reliable pricing. 
  • Fees. When trading cryptocurrency you’ll need to take into account the fees you have to pay each time you transact. Costs like commissions and spread can quickly add up and eat into profits. Find a platform that has low fees. 
  • Range of coins. Almost all cryptocurrency trading platforms will offer the biggest coins like Bitcoin, but if you want to trade alt coins or lesser known crypto then you’ll need to make sure your platform offers them. 
  • Leverage. Traders often use leverage when buying and selling. Leverage is a way to control a larger position than you have in your account balance. Each platform has different rules on leverage so you’ll need to check before registering. 
  • Trading tools. The best platforms have lots of advanced tools that you can use for market analysis. Most platforms will have basic technical indicators but if you’re an experienced trader other features like DOMs and volume profiles may be necessary. 
  • Security. Cryptocurrency platforms are susceptible to hacks and many have happened in the past. You should look out for a trading platform that has extra security features to make sure your money is safe. 

Should I use a cryptocurrency trading platform?

If you plan on trading cryptocurrency then using one is necessary. If you’re interested in buying and holding crypto for the long term, you may not need to use a trading platform. If you have a short term outlook or want to try and profit from small moves in prices then using a cryptocurrency trading platform is recommended. 

What are the risks of using a cryptocurrency trading platform?

Most cryptocurrency trading platforms are fairly safe although hacks do sometimes occur. There are some risks involved but there are also many benefits and below we’ve highlighted some of the key ones.

Benefits

  • You can trade lots of different coins
  • Some platforms have very small deposit amounts starting at just $1
  • Trading fees can be low
  • Crypto is a volatile market and provides lots of opportunities to trade

Risks

What are the fees for using a cryptocurrency trading platform?

Some platforms have zero trading fees while others charge commission each time you hit the buy or sell button. Every platform will have its own fee structure so it is best to check before registering with one. All platforms will have a bid ask spread, which is the difference between the buy and sell price and is a cost that needs to be considered. 

Methodology: How did we choose the best cryptocurrency trading platforms?

Our crypto experts reviewed and ranked each trading platform on our comparison list above. A number of factors were considered during the review process and included: registering an account, depositing funds, making a trade, and withdrawing money. Other features like technical indicators were also evaluated. 

When comparing each platform we used a combination of online reviews and our own experience to determine rankings. While no platform influenced any of our decisions, we do on occasion receive an affiliate commission if you click on a link and register an account. You are able to view our full review process for more information. 

FAQs

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Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.