Compare the best cryptocurrency trading platforms in 2022

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he… read more.

Updated: Jun 15, 2022

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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.

Most Popular

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 more info

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 more info

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 more info

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 more info

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

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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 more info

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.

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 >

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 >

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 >

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 >

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.

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. 

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