Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Best Cryptocurrency exchanges

This guide introduces you to the best crypto exchanges in the world today. You will learn how these platforms work, what makes them stand out, and their trading requirements.

You will also learn what a crypto exchange is and how it works. We will even share some practical tips on what to look for when searching for the best crypto trading platform.

The Best Crypto Exchanges in 2024

After a thorough analysis of the 100+ cryptocurrency exchanges operating in the world today, the following 12 top-rated crypto exchanges we reviewed are those listed below:

  1. eToro Overall Best Crypto Exchange 2024 worldwide
  2. Coinbase – Most Beginner-Friendly Crypto Exchange
  3. Binance – Best Crypto Exchange for Liquidity and Low Fees
  4. Kraken – Most Secure Crypto Exchange
  5. WeBull – Best Crypto Exchange for Fractional Investing
  6. Huobi – Best Crypto Exchange for a Wide Range of Supported Assets
  7. Bitstamp – Best Crypto Exchange for Advanced Trading Tools
  8. Gemini – Most User-Friendly Crypto Exchange Today
  9. OKX – Top Crypto Exchange for Low Fes and New Tokens
  10. KuCoin – Best Crypto Exchange for Derivatives Trading
  11. ByBit – Access the Widest Range of Crypto Trading Tools
  12. Robinhood – Best Place to Buy Crypto With as Little as $1 and Zero Commission

In the sections below, we will go over all these crypto exchanges in detail. We will tell you why they are the best places to buy crypto, look at some of their unique features, and point out some of their benefits.

Best Cryptocurrency Exchanges Reviewed

When vetting the market in search of the best crypto trading platforms, we paid close attention to a number of factors. First was the ease of reputation and reliability of the exchange, we also looked at the fees and charges, the number of supported crypto, user-friendliness, account minimums, and supported deposit/withdrawal options, as well as their commitment to safety.

Here is a brief overview of the top exchanges:

1. eToro – Overall Best Crypto Exchange 2024

A number of factors make eToro – by far – the best crypto exchange in the market today. For starters, it is one of the most user-friendly trading platforms and appeals to both beginners and expert crypto investors. Novice investors are drawn in by its straightforward client on boarding process, a simple crypto buying process, and an easily navigable interface.

eToro crypto exchange

Pro investors are, on the other hand, drawn in by the many advanced trading and research tools integrated here, a user-friendly interface, and competitive fees. These two are also drawn into eToro by its copy and social trading tool that allows them to earn passively.

eToro also makes it here because of the decent range of digital assets supported on the platform. On this platform, you can buy best cryptos and sell more than 75 digital assets. And you only need $10 to get started – which can be deposited via a host of payment methods, from PayPal to ACH Checks, cards, and bank transfers.

You may also want to appreciate the fact that eToro is one of the few crypto exchanges registered and regulated by the SEC. It has also been consistently voted as one of the most reputable crypto trading platforms – thanks to its reliability, transparent fee mode, and level of commitment to the safety of client funds and personal data.

Number of Cryptos 75+
Fees Structure Zero transaction fees + spread
Bitcoin Trading Fees 0.75%
Minimum Deposit $10

 

What we like:
  • Multiplatform crypto exchange available as a web trader and mobile app
  • Presents investors with a free custodial wallet (stores cryptos offline) and a free self-custody mobile wallet app
  • Regulated by  multiple top-tier agencies
  • eToro charges a transparent 1% fee when buying or selling cryptos. For instance, you could buy best altcoins for a 1% fee plus spread
  • Straightforward account opening and crypto investing process
  • Integrates a host of features, including social and copy trading, staking, and copy portfolios

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Coinbase – Most Beginner-Friendly Crypto Exchange

Coinbase is one of the oldest crypto trading platforms – having been around since 2012. It is also one of the most reputable crypto exchanges around, thanks to its stellar customer support, user-friendly interface, and reliability.

This leading crypto app for trading exchange has also been one of the most pro-regulation crypto exchanges. It, in fact, is already registered and regulated by the SEC in the US as well as top-tier agencies in Europe – including FCA in the UK.

Coinbase crypto exchange

Coinbase makes it to the list of leading crypt trading platforms because of its beginner-friendliness. This is evidenced by its straightforward account opening process, low account minimums, and the buy crypto instantly feature. Not forgetting that it has one of the most navigable and user-friendly trading interfaces. Plus, it integrates many educational resources – including the ‘Learn and Earn’ program that rewards users with free crypto when they complete different cryptocurrencies.

Other factors that help Coinbase stand out as one of the best places to buy cryptos include its deep liquidity and support for a wide range of cryptocurrencies. Coinbase is one of the world’s most liquid platforms, allowing you to buy 100+ cryptos and hundreds more crypto trading pairs. To get started, you need to deposit at least $10 into your account, and the exchange supports such deposit options as debit cards and credit cards, eWallets like PayPal, and bank wire transfers.

The tier-one exchange also makes it here because of its solid commitment to the safety and security of client funds. It provides all its platform users with a storage vault that holds as much as 98% of their keys offline while insuring the remaining 2%.

Number of Cryptos 100+
Fees Structure Transaction fee + spread
Bitcoin Trading Fees Volume based fee + 0.5% spread
Minimum Deposit None
What we like:
  • Buy crypto with PayPal, credit/debit cards, and bank transfer
  • Available on a user-friendly mobile app
  • Earn from staking crypto and also access crypto loans
  • Automate your crypto investing schedule – daily, monthly

3. Binance Best Crypto Exchange for Liquidity and Low Fees

Binance is one of the most popular crypto exchanges in the world, and a host of factors help make it one of the best places to buy crypto. For starters, it is massively liquid and supports a high number of cryptocurrencies as well as trading pairs.

Binance also makes it on this list of the leading altcoin trading exchanges because of its highly competitive fees that range between 0.1% and 0.02%. And if you pay for this fee using BNB coins, you will qualify for a 25% discount – effectively bringing down the transaction fee to between 0.075% and 0.015%.

Binance crypto exchange

Additionally, Binance operates one of the most user-friendly trading interfaces. It is easily navigable and integrates a range of educational content that make it appealing to novice investors. But it also integrates a wide range of highly advanced trading, research, and analysis tools that help it appeal to pro investors.

We must also mention that Binance is more than a digital currency trading platform because it integrates a wide range of features. You can, for example, buy and sell NFTs on the platform. There is also the “Convert” feature that lets you buy crypto with other crypto instantly and for free.

Further, you get to interact with the Binance Earn program, which introduces you to multiple passive income-generating opportunities. These from crypto savings, staking, liquidity farming, crypto mining, dual investing and more. It also lets you automate your trades.

Like most of the top crypto exchanges, Binance is also committed to the safety and security of user funds and data. For starters, it doesn’t share sensitive client information with third parties. It also provides users with a free crypto account that holds 90%+ of client funds in offline vaults and maintains a $1 Billion insurance fund (SAFU) for the remaining assets.

Number of cryptos 600+
Fees Structure Volume-based maker/taker up to 0.1%
Bitcoin Trading fees Not more than 0.1%
Minimum Deposit None
What we like:
  • Multiplatform exchange with a user-friendly mobile trading app
  • Appeals to both novice and pro crypto investors
  • Committed to the safety of client funds and personal data
  • Highly responsive client support team
  • Multiple passive income-generating options

4. Kraken – Most Secure Crypto Exchange

Kraken is one of the most secure crypto exchange in the world today. This is evidenced by the fact that it has never been hacked, even though it has been around since 2011. Some of the security safeguards it has put in place to guarantee this level of security include ultra-secure offline vaults that store crypto offsite, 24/7 armed security around company servers, two-factor authentication, master account lock, and Pretty Good Privacy (PGP) email encryption.

Kraken crypto exchange

But the commitment to the security of client funds isn’t the only thing making Kraken the high-ranking crypto exchange. It makes it to this list because it maintains a straightforward account opening process and operates a user-friendly trading platform.

As is the case with the majority of popular exchanges, Kraken integrates a broad range of educational content to help beginners – including the instant buy feature. It also integrates a range of advanced tools for use by pro traders – including the Kraken PRO platform.

Other factors that make Kraken one of the best places to buy crypto include the fact that it integrates a dark pool. We also liked that it maintains affordable trading minimums, competitive fees, and a highly responsive support team.

Number of cryptos 185+
Fees Structure Volume-based maker/taker between 0.26% and 0.00%
Bitcoin Trading fees 1.5% if using stable coins or 0.9% if using USD
Minimum Deposit $1
What we like:
  • You can margin trade crypto on Kraken
  • Trade crypto derivatives like futures for popular coins on the platform
  • Security guarantee as it has never been hacked
  • Multi-platform with user-friendly mobile trading app
  • First exchange for publishing proof of reserve audit

5. WeBull – Best Crypto Exchange for Fractional Investing

Three key factors helped convince our analysts that Webull is the crypto exchange for beginners. First was the platform’s affordability. The crypto brokerage doesn’t have a minimum deposit limit and lets you buy any crypto for as low as $1 – making it the perfect choice for fractional investors. Second was its low price. The brokerage, for example, doesn’t charge a commission on crypto trades, and you will only have to part with a highly competitive spread.

Webull crypto exchange

Lastly, they liked that you can use Webull to invest in crypto for retirement. You can open the tax-advantaged IRA retirement account and start investing in crypto via this account. One of the perks of investing in crypto via an IRA is that your qualified distributions from this account are tax-exempt.

We must, however, mention that Webull is more than a top crypto exchange. It is an all-around investing platform that you can use to invest in such traditional financial instruments as stocks, bonds, ETFs, and more.

Webull is also registered in the country and regulated by the SEC. It is also a member of the Securities Investor Protection Corporation (SIPC) that covers account holders for up to $500,000. The brokerage also enjoys a solid reputation of reliability and maintains a highly responsive customer support team.

Number of cryptos 20+
Fees Structure 1% spread
Bitcoin Trading fees 1% spread
Minimum Deposit None
What we like:
  • No broker commission or crypto trading fees – only competitive spread
  • Trade with as little as $1
  • User-friendly interface that also integrates advanced trading, analysis and risk management tools
  • Lets you invest in crypto via the tax-advantaged IRA account
  • Lets you automate your recurring investments

6. Huobi – Best Crypto Exchange for a Wide Range of Supported Assets

Huobi features among the best crypto trading platforms in the world because of its support for a wide range of cryptos. At present, you can trade 400+ of the most popular cryptocurrencies on Huobi, which also translates to a wide range of crypto trading pairs. This is then complimented by the platform’s decent liquidity.

Huobi Crypto Exchange

It also makes it here because of its elaborate crypto-earning program through which you can earn passive income. Featured tools in this platform include crypto staking, dual investing, crypto loans, and OTC loans. You could also save your crypto on the platform and earn higher-than-average returns on this investment.

Huobi also tops our list of the best crypto trading platforms because of the user-friendliness of its trading platform. Beginner crypto investors get to interact with comprehensive crypto investing guides as well as the quick buy/sell tool.

Pro traders are, on the other hand, treated to an intuitive interface that integrates a wide range of advanced trading, risk management, and analysis tools. You also have the option of trading on the Huobi peer-to-peer or OTC platforms.

Number of cryptos 400+
Fees Structure Base rate of 0.2%
Bitcoin Trading fees O.2% (Up to 655 discount for Huobi token holders)
Minimum Deposit $100
What we like:
  • Margin trade and trade derivatives (futures) on Huobi
  • Lists a wide range of both established and new cryptos
  • Multiple passive investing options – from staking to dual investing
  • Support crypto copy trading
  • Lets you automate your crypto trading with free bots

7. Bitstamp – Best Crypto Exchange for Advanced Trading Tools

Established in 2011, Bitstamp is one of the oldest and most reputable crypto trading platforms around. This reputation has had a positive impact on its popularity and liquidity as the exchange consistently ranks among the best crypto exchanges available today.

Bitstamp Crypto Exchange

It makes it to our list of top crypto exchanges because of its intuitive and user-friendly trading interface. This integrates a wide range of highly advanced analysis, research, trading and risk management tools.

Bitstamp also makes it here because of its commitment rot eh security of client funds. For starters, it holds as much as 95% of client private keys in ultra-secure offline vaults. It has also put in place adequate measures around access to your account – both over the web and on the mobile app – including two-factor authentication and email encryption.

Bitstamp also supports a decent range of crypto assets and more than a hundred crypto trading pairs. You can also start buying any crypto with as little as $20, and some of the supported fiat deposit options include bank transfer, credit and debit cards and popular eWallets.

Number of cryptos 70+
Fees Structure Volume based between 0.4% and 0.0% (0 fees for trades below $1000)
Bitcoin Trading fees Between 0% and 0.4%
Minimum Deposit None
What we like:
  • Interact with passive investing options – staking and crypto lending
  • Multiplatform exchange – available on the web, mobile app, and Tradeview
  • Comprehensive educational resources for beginner traders
  • Instant deposit and cash out-to-bank options available
  • Highly responsive customer service team online and on-phone

8. Gemini – Most User-Friendly Crypto Exchange Today

Gemini, by the Winklevoss twins, has been around since 2014. Throughout this period, it has positioned itself as one of the reputable exchanges thanks to its commitment to the safety of client digital assets, reliability, stellar customer support services, and user-friendliness. These are part of the reason why we list it among the best crypto trading platforms in the world. .

Gemini Exchange

Note that, like most of the other exchanges listed on this list, Gemini is accessible both on the web trader and a professional mobile app. It also operates the Gemini ActiveTrader, which integrates the widest range of advanced trading and analysis tools – and is dedicated to pro investors.

In addition to retail investors, Gemini appeals to institutional investors with such products as the Gemini eOTC, the Gemini BITRIA, electronic clearing of off-exchange crypto trades, and execution of post-trade settlements.

The crypto exchange also gives you access to several avenues that you could use to earn crypto passively. These include staking and crypto rewards when you use your Gemini crypto card to make purchases.

Other factors that help Gemini stand out among the best crypto exchanges include its pro-regulation stance. You may also like that in addition to spot crypto trades, you can also trade derivatives like futures on the exchange. Not forgetting that you could also buy and sell crypto NFTs on this platform.

Number of cryptos 80+
Fees Structure Volume-based and 1.49% for orders above $200
Bitcoin Trading fees 1.49% for orders above $200
Minimum Deposit None
What we like:
  • Comparatively safe with multiple security safeguards around client data and crypto assets
  • Decent range of crypto and a wide range of crypto trading pairs
  • Presents clients with a free and ultra-secure offline vault
  • Multi-platform trader available as a web trader and mobile app
  • Trade crypto derivatives like future as well as NFTs on the exchange

9. OKX – Top Crypto Exchange for Low Fees and New Tokens

OKX has only been around for slightly over five years. During this time, it has morphed into one of the most popular crypto exchanges in the world and across the world. Much of this is attributable to its support for a rich crypto support list as well as its competitive pricing model. At the time of writing, for example, you can buy and sell 340+ cryptocurrencies on the platform with the transaction fee capped at 0.1%.

OKX Exchange

To start trading the hundreds of crypto pairs listed on OKX, you only need to open an account and make a deposit. The exchange doesn’t have a minimum account funding limit, and the supported payment options include eWallets, credit/debit cards, and bank transfers.

There are several other reasons why you might consider buying cryptos on OKX. First is the fact that it maintains straightforward account opening and crypto buying processes. Its trading interface also appeals to all types of crypto investors. The instant buy feature, for example, appeals to beginner traders, while the advanced trading, analysis, and risk management integrated here make it appealing to pro traders.

OKX tops the list of the best crypto exchanges because, in addition to being a trading platform, it also presents users with multiple passive income-earning avenues. These include crypto savings accounts, crypto lending, and staking. You also get to margin trade and interact with crypto derivatives – both simple options and futures.

Number of cryptos 340+
Fees Structure Volume-based maker/taker between 0.1% and 0.06%
Bitcoin Trading fees Between 0.1% and 0.06%
Minimum Deposit None
What we like:
  • Automate your crypto trading experience with third-party bots or create a custom bot
  • Supports crypto copy trading
  • OKX Jumpstart helps you discover new and highly potent cryptos
  • Presents users with a free in-exchange and mobile app wallet
  • Maintains highly competitive trading fees

10. KuCoin – Best Crypto Exchange for Derivatives Trading

KuCoin is one of the five most liquid exchanges in the world. Plus, of all the exchanges that made the cut for the best crypto trading platforms in the world. KuCoin supports the widest range of cryptocurrencies and crypto trading pairs – more than 800. It also operates one of the best crypto derivatives markets specializing in futures as well as Coin- and USD-Margined contracts.

Kucoin exchange

KuCoin presents you with four crypto-investing options. These include the Fast-Trade option that lets you buy crypto instantly with credit cards or debit cards. There also is the P2P platform that supports 20+ payment options and third-party investing options that let you buy crypto through such platforms as Simplex. You could also open crypto-to-crypto trades directly on the trading interface.

In addition to spot trading, you can also margin trade different cryptocurrencies on the KuCoin exchange. The trading platform also has a “Convert” crypto option that you can use to instantly convert different cryptocurrencies. But even more importantly, it lets you automate your crypto trading investing using many of the supported Trading Bots.

We also believe KuCoin to be one of the best crypto exchanges because it presents all its platform users with multiple passive income-generating avenues. These include crypto lending, KuCoin mining pools, professional investors, cloud mining, and the KCS Bonus program.

Number of cryptos 800+
Fees Structure Volume-based maker/taker between 0.1% and -0.005% (20% discount if paid with KCS tokens)
Bitcoin Trading fees Capped at 0.1%
Minimum Deposit $5
What we like:
  • Buy crypto with cards, bank transfers, and more on the KuCoin exchange
  • Gives you access to Web3 and lets you launch, buy, and sell NFTs (whole or fractionally)
  • Integrates a wide range of educational content for beginners and advanced tools for pro traders
  • Multiplatform – on web trader and mobile app
  • Presents with a free in-exchange and mobile wallets

11. ByBit – Access the Widest Range of Crypto Trading Tools

Several factors help make ByBit one of the best crypto trading exchanges today. First is its user-friendly and easily navigable trading interface. Like most other exchanges on this list, ByBit maintains a straightforward account opening process that grants them access to multiple crypto buying options.

Bybit exchange

These include the instant-buy option that lets you buy crypto in seconds and the P2P trading option. You can also buy crypto with cards or bank wire transfers, just as you can buy using other cryptos.

ByBit also makes it here because it maintains a feature-rich crypto trading platform. In addition to spot trading, for example, it also gives you access to the crypto convert feature. You get to margin trade digital currencies and possibly automate your trades with bots. ByBit also gives you early access to new assets on the integrated crypto Launchpad.

You can also trade crypto derivatives on the ByBit trading platform. These include Perpetuals, Futures, USDC Contracts, USDC Options, and even Inverse Contracts.

Other factors that help ByBit stand out as one of the top crypto trading platforms include the fact that you can access your trader account on the MT4 trading platform. We also liked that it supports NFT trading and provides users with a free crypto wallet.

Not forgetting that you have multiple passive income opportunities when using ByBit – including staking, crypto lending, liquidity mining, savings account, dual investing, and bonuses when you spend crypto using the ByBit card.

Number of cryptos 400+
Fees Structure Volume-based maker/taker between 0.1% and 0.005%
Bitcoin Trading fees Up to 0.1%
Minimum Deposit None
What we like:
  • One-click buy option
  • Copy trading and trading bots supported
  • Strong commitment to security with free in-exchange and mobile app wallets
  • Integrates multiple features – from NFTs to new tokens, passive income opportunities, and derivatives
  • Audited exchanges with published proof of reserves audit

12. Robinhood – Best Place to Buy Crypto with as Little as $1 and Zero Commission

Robinhood is one of the most popular investing platforms in the world. It is most liked because of its beginner-friendliness, as evidenced by the beginner-friendly crypto-buying interface and low fees. In fact, it is one of the handful of crypto trading platforms that won’t charge you a commission when fee when you buy and sell crypto on their platform.

Robinhood Crypto Assets

But this isn’t the only reason Robinhood features among the best crypto exchanges today. It also makes it here because of the solid security safeguards it has put around client funds. These include industry-leading security around company servers, cold storage of digital assets, and insurance against theft/cyber breaches.

We also liked that you can start investing in cryptocurrency on Robinhood with as little as $1. Not forgetting that, other than crypto, you get to interact with several other financial instruments – including stocks, options, and ETFs.

Number of cryptos 18
Fees Structure None
Bitcoin Trading fees None
Minimum Deposit None
What we like:
  • Multi-platform trading platform- web trader and mobile app
  • Lets you interact with both crypto and other financial instruments
  • Fast account creation and an even faster crypto-buying process
  • Supports all the popular large-cap cryptos
  • Buy and sell crypto with zero fees

The Best Crypto Exchanges Compared

Here is a table comparing the core features of the best cryptocurrency exchanges today.

Exchange Number of coins Debit card fee Trading fees Proprietary wallet
eToro 75+ 0.50% Spreads from 0.75% Yes
Coinbase 150+ 3.99% 1.49% Yes
Binance US 60+ 4.50% Up to 0.1% Yes
Kraken 50+ N/A Up to 0.26% No
Webull 27 N/A 1% spread No
Huobi 300+ N/A Up to 0.2% Yes
BitStamp 50+ 5% Up to 0.4% No
Gemini 80+ Not specified 1.49% Yes
OKX 340+ Not Specified Up to 0.1% Yes
KuCoin 800+ Not specified Up to 0.1% Yes
ByBit 400+ Not specified Up to 0.1% Yes
Robinhood 18 1.5% None No

What is a Crypto Exchange?

A crypto exchange, also known as the digital currency exchange, is an online marketplace through which individuals buy and sell their virtual currencies. It serves as the trusted go-between crypto traders and buyers.

crypto exchange

In addition to facilitating crypto trades, cryptocurrency exchanges may offer a wide range of other services. These include passive income-generating avenues like staking and crypto lending, crypto derivative trading, and crypto storage services. In fact, virtually all popular crypto exchanges provide their clients with in-exchange crypto storage solutions. A good number then extend this service to self-hosted non-custodial mobile/desktop wallet apps.

For facilitating these services, crypto exchanges charge a commission, fee or impose spreads on trades made here. Note, however, that different exchanges have different transaction fee rates, and it, therefore, is imperative that you compare their rates and only settle with the most affordable exchange.

How do Crypto Exchanges Work?

We have already stated that a Bitcoin exchange serves as the intermediary between crypto buyers and sellers. But just how does the exchange do this? We break this answer down into three key parts – account creation for buyers and sellers, funding account, and placing orders.

Account creation

Trading on an exchange starts with the creation of a crypto investor account on the trading platform – by both the crypto buyer and seller. On most exchanges, this process is straightforward and only takes a few minutes.

Note, however, that most of these trading platforms will subject you to KYC/AML checks. They will ask you to verify your identity by submitting a copy of your passport or driver’s license and inquire about your source of funds and trading experience.

Funding trading accounts

After the account is approved – it needs to be funded. The seller deposits the digital assets they wish to dispose of into the exchange-provided account. The buyer, on the other, may fund their account with either fiat or crypto – depending on the available markets (fiat to crypto or crypto to crypto or both). Some of the fiat deposit options supported by popular crypto exchanges include credit cards, debit cards, bank wire transfers, ACH Checks, and eWallets like PayPal, Skrill, and Apple Pay.

Placing orders

After your funds reflect in your crypto trader account, as the buyer, proceed to the exchange’s trading interface. Here, identify the crypto you wish to buy. In most cases, you will have to find a crypto pair pitting your payment option (e.g. USD, GBP, CAD, USDT, BTC) against your preferred crypto (BTC, ETH, XRP, DOGE, SOL).

Hit the buy option and proceed to customize this investment by indicating how much of the crypto you intend to buy, e.g. 0.05 BTC. Upon hitting the “BUY” button, you will execute this trade. The exchange will move the funds from your account to the sellers, transfer the seller’s coins to your in-exchange account, and take their cut–in transaction fees.

Other crypto buying options include peer-to-peer trading, instant crypto buy feat and convert. But they all operate under the same premise of moving funds from your account to the seller’s and transferring coins to your wallet.

How to Find the Best Crypto Exchange for You in 2024

There currently are hundreds of crypto exchanges operating in the world today. Finding the best may therefore prove quite overwhelming, especially for newbie crypto investors. To help you get started with crypto investing on the platform, we share with you some tips that we pay most attention to when vetting exchanges and spotting the best:

Regulation and reputation

We are biased towards regulated crypto exchanges because this not only gives them legitimacy but also speaks volumes about their likelihood to continue operating in these markets. In addition to regulation, we also ask our readers to only go for highly reputable crypto trading platforms. These have received stellar reviews online from their past and current users.

Cost of trading

The cost of trading on any crypto exchange has a direct impact on the profitability of your investment. Therefore, before registering with a crypto exchange, check all the costs they impose on trades and only go for the most affordable. These are trading costs like transaction processing fees as well as non-trading costs like deposit/withdrawal processing fees.

Supported assets

You may also want to only create a crypto investor account with a crypto exchange that supports a rich range of digital currencies. This goes a long way in helping you diversify your crypto portfolio.

Security

It is imperative that you only create the most secure crypto exchange in the world. For starters, confirm whether your preferred exchange has ever been hacked and how they responded to such a breach. Secondly, carefully assess the security measures put in place by the company around your sensitive data and digital assets. You will also want to check if the exchange’s algorithms and systems have been audited and if they publish their proof of reserves audit.

Tools and features

It is also important that your preferred crypto exchange gives you access to advanced trading, analysis, and risk management tools. It should also have a decent number of features like passive income generators, crypto derivative trading, NFTs, and margin trading integrated into its trading interface.

Customer service

Your preferred crypto trading platform should also maintain a highly responsive customer support team. This team should also be easily accessible – especially over the phone or online. A quick peek at the different social platforms and review sites should give you an idea about the level of customer support provided on the exchange.

How to Open an Account on Crypto Exchanges – A Quick 4-Step Guide

Virtually all the popular crypto exchanges operate a near-standard crypto investing process. Here is a step-by-step guide on how it works:

Step 1: Create a crypto investor account

crypto exchange account

Open the official website of your preferred crypto exchange or download their mobile trader app. Hit the create account option on either platform and complete the user registration form that pops up.

Crypto asset investing is highly volatile and unregulated in some EU countries.

Step 2: Verify your identity

The exchange will demand that you verify your identity by submitting a copy of a government-issued identification document. This may be a passport or driver’s license.

Step 3: Fund this account

Once the account has been approved, log in and choose to deposit funds into this account. Supported fiat payment options include bank wire transfers, bank cards, bank transfers, and eWallets. Note that different exchanges maintain different deposit minimums.

 Step 4: Buy Crypto

Buy crypto at exchanges

After the payment reflects in your trading account, proceed to identify the crypto you wish to buy and hit the buy option. Customize this trade and hit the buy option to execute this transaction.

Crypto asset investing is highly volatile and unregulated in some EU countries. 

Conclusion – Best Crypto Exchanges in the World

There goes everything you need to know about the best crypto trading platforms. Here we have discussed the 12 most popular exchanges, looking at some of their core features that help them stand out. In particular, we looked at the number of supported assets on each platform, their fees, and account minimums. We then proceeded to explain what an exchange is and help you understand how it works.

Want to jump straight to buying cryptocurrencies in 2024? Identify a popular crypto exchange and follow the crypto buying guide we have explained above to start your crypto investing journey.

Editor Checked Reviewed and Fact Checked by Kamal Masri, Fintech and Crypto Editor and Financial Analysts.

eToro Exchange

  • Best Copy Trading Platform of Professional Traders
  • Over 75 cryptos to trade
  • Minimum deposit only $10
  • Free Demo Account, Crypto Wallet
  • Open to US & Worldwide – Accepts Paypal
  • Staking Rewards, Educational Courses
Our Rating

5 Stars

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

FAQs about the Best Crypto Exchange in the World

What is the best crypto exchange today?

Different crypto exchanges have different core strengths and weaknesses, which makes it hard to determine which trading platform truly is the best. In the above post, nevertheless, we have discussed what our analysts and the majority of crypto investors/traders consider the top crypto trading platforms.

Coinbase is by far the largest and most liquid crypto exchange in the world . It also has the largest crypto reserves for top crypto assets like Bitcoin, which makes it a top destination for high-volume traders. Its user-friendliness, on the other hand, helps it appeal to beginner traders.

It is simple, you start by identifying a top crypto trading platforms and creating a crypto investor account with them. Deposit funds into this account and proceed to open a buy order.

Yes, you can buy and sell crypto legally in the US. There is no legislation – albeit at the federal level – banning the purchase or sale of cryptocurrencies. In fact, some crypto exchanges like eToro and Coinbase have are registered and regulated by the SEC – the finance industry regulator.

Coinbase and Binance have some of the most liquid Bitcoin reserves. This, plus such other factors as its user-friendliness, low account minimums, and competitive fees, make it one of the best places to buy Bitcoins for crypto investors.

The most trusted crypto exchanges in the US today are eToro and Coinbase These crypto exchanges are fully regulated and facilitate the seamless buying and selling of most popular cryptocurrencies directly from your smartphone, tablet, or computer.