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Crypto Trading Platform

The crypto market has registered staggering growth since the creation of Bitcoin. Today, the market is worth over $1 trillion, with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and several others dominating the market. There are thousands of cryptocurrencies in the market, and buying, selling, or trading them requires a cryptocurrency trading platform.

Selecting a platform can take time, considering how many currently operate in the market. This is why we have created this guide to the best crypto trading platforms in 2024.

This guide will take a closer look at 10 of the best crypto trading platforms in the market and help you decide which one is best for you. We will look at several factors, such as fees, cryptocurrencies the platform offers, user-friendliness, payment methods, and more. Let’s get started.

Key Points

  • Crypto trading platforms simplify buying and selling cryptocurrencies while offering high security and low fees. 
  • Ensure that you select a platform that does not charge high transaction fees. 
  • Always use a reputed, secure, and regulated crypto trading platform when entering the crypto markets.

Best Crypto Trading Platforms 2024 

We went through various crypto trading platforms before narrowing them down to create our list. Here are the top-rated crypto trading platforms in 2024:

  • eToro Overall the best crypto trading platform. The platform is user-friendly, supports 80 major cryptocurrencies, and offers features like Copy Trading, Social Trading, Smart Portfolios, and automated trading tools. It is regulated by the FCA, ASIC, and CySEC, which makes it a safe choice for traders. 
  • Binance – The world’s largest crypto trading platform by trading volume. The platform offers all major cryptocurrencies, along with advanced technical analysis features. However, it has a steep learning curve.
  • Kraken – Traders can purchase cryptocurrencies for as little as $10. The platform offers over 180 cryptocurrencies at low fees, staking, and other advanced features.
  • Gemini – The most prominent US-based crypto trading platforms that strongly focuses on security and is an excellent option for long-term investors.
  • Coinmama – Cryptocurrency platform you can consider if you want to purchase digital assets using debit or credit cards. However, it charges significantly high fees.
  • Coinbase – The most prominent crypto trading platforms in the world. The platform is beginner-friendly and has over 35 million users worldwide. It offers traders over 200 coins and 479 crypto trading pairs, making it an excellent option for traders looking to diversify.
  • Luno – Mobile trading platform. The app is highly user-friendly, but the fees are on the higher side. Additionally, the platform also does not support advanced trading analysis.
  • Oanda – Popular broker that has recently started offering cryptocurrencies. The platform offers major cryptocurrencies such as Bitcoin, Bitcoin Cash, Ether, and Litecoin.
  • Bitstamp – Global platform offering extremely low fees and user-friendly features. The platform offers 80 cryptocurrencies and MT4 compatibility.

78% of retail investor accounts lose money when trading CFDs with this provider.

What Is A Crypto Trading Platform?

Before we go any further in our guide to the best crypto trading platforms, it is important to understand what it actually is. Crypto trading platforms are online platforms hosted by a single or multiple entities. Their primary function is to allow users to buy and sell cryptocurrencies securely and conveniently. During the crypto market’s infancy, traders had to manually enter a command and trades to send a token to another user. As time passed, interfaces that made crypto trading easier were developed.

However, this process was too technical for the average user. Realizing the problem, developers created platforms to make cryptocurrencies and crypto trading more accessible to the average user. Today, crypto trading platforms work similar to how a stock market broker does, allowing you to trade, buy, and sell cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), USDT, Litecoin (LTC), Solana (SOL), and several others.

Best Crypto Trading Platforms Reviewed 

With a plethora of crypto trading platforms in the market, selecting one can be quite a challenge. As a trader, you must analyze every aspect and feature of the platform before deciding to trust it with your money. Features you must consider include trading tools, charts, asset availability, educational resources, trading fees, and platform reputation.

After doing a lot of research, our experts and I have come up with a list of the 9 best cryptocurrency trading platforms. These are all licensed, safe and legal for traders to join. These platforms all offer something unique and exciting to retail traders. 

1. eToro 

eToro is our choice for the best crypto trading platform. It offers over 80 cryptocurrencies, such as Bitcoin (BTC), Ripple (XRP), Cardano (ADA), EOS, Ethereum (ETH), ApeCoin (APE), Litecoin (LTC) and several others. Apart from traditional crypto trading, eToro also offers ready-made crypto portfolios, allowing users to invest in a basket of tokens selected by experts.

Professionals manage All crypto portfolios, meaning you don’t have to do any research and analysis that usually comes with crypto investing. However, this does not mean you can be entirely passive about your investments. You must still monitor your investments and stay current with market developments. eToro also has a simple fee structure, charging a flat 1% fee on all crypto trades. This makes it easy for users to calculate the cost of using the platform.

eToro Crypto Trading Platform

eToro also does not charge any ongoing fees. This means you can hold on to your crypto investments for as long as you wish. The minimum stake on eToro is $10, and the platform also supports fractional investing, allowing traders to own a portion of a particular asset or stock. It also supports automated crypto trading tools such as yield farming features and crypto staking for ETH. eToro also offers a demo account where traders can test their strategies before implementing them.

eToro Copy Trading 

eToro also offers unique features such as Copy Trading. The Copy Trading Feature allows you to mirror the trades of professional traders and earn a passive income through their trades. It significantly reduces the amount of research one may have to do when trading in crypto, as you are already copying the trades of professional traders.

However, Copy Trading comes with risks, as there is no guarantee that the trades will be successful. The minimum requirement for Copy Trading on eToro is $200. eToro offers thousands of verified traders to choose from, depending on your trading goals. Some traders focus on individual stocks, while others take a more diverse approach and invest in multiple assets.

eToro Copy Trading Platform

Additionally, the platform also offers Smart Portfolios and Social Trading. Smart Portfolios give traders an alternative avenue of investing. Each Smart Portfolio comprises a selection of assets the eToro team chooses. Meanwhile, Social Trading allows traders to interact with one another, discuss markets, and leave comments on a particular asset.

Regulation 

eToro is a highly regulated and secure platform. The platform is licensed and regulated by multiple entities. These include the SEC, FCA, ASIC, and CySEC.

Pros:
  • eToro charges a fixed commission of 1% on all crypto trades
  • Offers traders a free demo account to test strategies without risking capital
  • Users can access Smart Portfolios for long-term investing
  • The platform also provides users with a native crypto wallet that can be used to send assets to other applications
  • eToro is highly regulated and places a strong emphasis on user safety
  • Supports features like Social Trading
Cons:
  • eToro offers a small selection of crypto assets compared to other platforms
  • It is not suitable for advanced traders who want to perform technical analysis

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

2. Binance 

The next platform on our list of the top leading crypto trading platforms is Binance. The Platform is the world’s largest crypto trading platform by trading volume, offering users various features and trading options. It is also the largest platform when it comes to the sheer number of cryptocurrencies, with hundreds on offer. The platform’s daily trading volume runs into billions of dollars.

Binance is popular among traders for several reasons. One of the reasons is the number of crypto trading markets it offers, including hundreds of trading pairs. Major trading pairs include BTC/ETH, BTC/USDT, and several micro-cap markets. Binance is also an excellent option if you are looking to trade smaller altcoins such as Shiba Inu (SHIB), OMI, Monero, Dash Coin, CAKE, and others.

Binance Crypto Trading Platform

The platform also offers competitive trading fees that start at just 0.10%. The fee can be further reduced if traders use the platform’s native token, Binance Coin. 

Binance also supports several NFTs, making it suitable for investors who want to diversify and gain exposure to the DeFi (decentralized finance) ecosystem. Users can store assets on Binance or in the Binance wallet, which is also available on mobile.

However, users on Binance have to go through a steep learning curve because the platform is not exactly user-friendly. Binance’s desktop and mobile trading apps allow traders to access cryptocurrencies and other trading options, such as futures and options.

Security On Binance 

Binance uses 2FA to secure trading accounts, such as SMS and Google Authenticator. It also employs other methods, such as address safelisting and device management. However, the platform has had several run-ins with regulatory authorities in multiple jurisdictions. Most client assets are stored in cold storage, enhancing security significantly.

Trading Experience 

Binance offers traders a plethora of trading tools, such as real-time charting tools with moving and exponential moving averages. Users can place trades through the website, desktop, or mobile app. They can also view their trading history, portfolio, order book, and price charts. There are also several order types on offer, such as stop order, stop-limit order, stop-market order, and trailing stop order. The platform also offers different trading views, such as Classic, OTC, and Margin.

Fees On Binance 

Fees on Binance are extremely low. While US-based users on Binance have to pay slightly more on the US platform, these fees are still low compared to other crypto trading platforms. Binance uses a maker/taker fee structure based on trading volumes and BNB coin balance.

Pros:
  • Binance has extremely low fees with further discounts if traders use BNB tokens
  • Users on Binance can access NFTs and cryptocurrencies
  • The platform offers educational resources and advanced charting tools
  • Users have access to real-time market data
  • Users can stake their BNB tokens and earn passive income
Cons:
  • Customer service needs to be better
  • It does not offer stop-loss or if-then orders

3. Kraken 

Kraken is an excellent altcoin trading platform for traders looking to diversify their portfolio, offering over 200 cryptocurrencies. As of today, Kraken had over 10 million users, with a presence in 190 countries. The platform was founded in 2011 and offers several prominent cryptocurrencies such as Solana, Litecoin, Ethereum, Bitcoin, Dogecoin, and others.

Kraken Crypto Trading Platform

Kraken also offers traders margin accounts and futures trading, with offices worldwide supporting individual and institutional traders. Beginners can trade on Kraken’s primary platform, while experts can trade on Kraken Pro. Major cryptocurrencies supported on Kraken are Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Cardano (ADA), Solana (SOL), Polygon (MATIC), USDT, DAI, USDC, and others.

Trading Experience 

Kraken offers two distinct trading platforms for its users, Kraken and Kraken Pro. The Kraken trading platform is ideal for beginners. Users can verify their accounts and begin trading cryptocurrencies using their linked bank account. Once you create your bank account and verify it, you can create an order by filling out a simple form.

Users can then purchase cryptocurrencies using their bank accounts and don’t have to fund their trading account before buying crypto. All accounts are secured using 2FA to prevent any unauthorized access.

Meanwhile, Kraken Pro is a highly advanced trading platform that can be accessed through a web browser or smartphone. The platform offers a far more detailed outlook on trading, along with active charts and analysis tools. Any Kraken user can access Kraken Pro and its advanced user interface.

Fees On Kraken 

Fees on Kraken depend on the trading platform (Kraken or Kraken Pro) and the trades you enter. Let’s look at fees on Kraken and Kraken Pro individually. The platform charges a 0.9% fee on stablecoin transactions and a 1.5% fee on crypto transactions. Transaction fees on NFTs are 2%.

Kraken 

Kraken charges a percentage fee for the transaction, along with a spread. The transaction fee is displayed before you confirm your transaction. Additional fees on the platform depend on the funding method, such as bank or credit/debit card fees.

Kraken Pro 

Kraken Pro offers lower fees than the main Kraken platform. Fees and pricing are based on the trader’s total trading volume over the past 30 days. Most trades are subject to a 0.26% taker or 0.16% maker fee.

Pros:
  • Robust security
  • Over 200 cryptocurrencies and 130 crypto trading pairs
  • 24/7 customer support
  • Extremely low fees
  • Staking, leverage trading, and crypto futures available
Cons:
  • Not available in all US states

4. Gemini 

Gemini is a secure US-based platform and one of the best options on our list. While the crypto trading platform is not as competitive regarding fees, it offers a plethora of investor protections, ensuring you trade in a secure, regulated environment.

For example, all Gemini users must undergo a thorough identity verification process before using their trading account. The FDIC covers all US Dollar deposits on Gemini, which is a major benefit for American traders. The New York State Department of Financial Services (NYSDFS) regulates the platform as a trust company (Gemini Trust Company LLC).

Gemini Crypto Exchange

Apart from a high focus on security, Gemini also offers traders on the platform a high level of liquidity. This is why the platform is popular among large and institutional investors. Gemini supports over 80 cryptocurrencies, all of which can be traded against the US Dollar.

Fees On Gemini 

Regarding fees, Gemini charges $1.49 on all buy-and-sell orders over $10 and up to $25. For buy and sell orders between $25 and $50, it charges $1.99, and $2.99 for orders between $50 and $200. For orders above $200, the platform charges 1.49% of your web order value. The platform also charges a 0.50% markup on the price of the cryptocurrency currently being traded.

To trade on Gemini, you must deposit funds via bank transfer. The platform does not support debit cards, credit cards, or e-wallets. Additionally, you can also fund your Gemini account using cryptocurrencies. The Gemini platform is available in several locations: the USA, UK, Canada, Singapore, South Korea, and Hong Kong.

Pros:
  • Gemini offers institutional-grade security for traders and their assets
  • All USD deposits are FDIC-insured
  • Over 80 cryptocurrencies available
  • It is very popular with institutional investors because of its high liquidity
Cons:
  • The platform is relatively complicated and not suitable for beginners
  • Charges a commission of 0.5% per slide

5. Coinmama

Coinmama is an excellent crypto trading platform choice for traders who want to trade next cryptocurrencies to explode and hold for the long term and hold their assets in an offline wallet. This is because it does not allow users to store their crypto assets on the platform. Instead, users must enter their wallet address when purchasing crypto.

Once done, Coinmama will forward the purchased cryptocurrency to the wallet address. The platform is extremely popular with long-term traders and those who purchase crypto with a debit or credit card.

CoinMama Crypto Trading Platform

To use Coinmama, you must first upload a copy of a government-issued ID card and a clear selfie. This helps the platform comply with anti-money laundering and KYC regulations. Once your account has been verified, you must enter your card details and decide how much you wish to invest.

Coinmama supports over 50 cryptocurrencies on its platform, including major ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic, and several others. Once you have verified your Coinmama account, purchasing cryptocurrency takes only a few minutes. You can also use the account to see your crypto and get back your fiat currency.

Fees On Coinmama 

Coinmama offers traders an easy avenue to invest in crypto. However, fees on the platform are on the higher side. For example, all cryptocurrency prices displayed on the platform are generally less favorable than the current market rate and what is available on other platforms. This means that users on Coinmama are paying a fee of 2%, which is basically a spread in all but name.

Coinmama also charges a trading commission of 3.90% when a trader purchases cryptocurrency and 0.90% when they sell a cryptocurrency. There are also high fees for payments and withdrawals on the platform. This fee is 5% of the transaction amount. There is a cheaper option where users can transfer funds from their bank account. However, this process leads to delays, and Coinmama also charges a fee for bank wire deposits of less than $1000.

Pros:
  • Coinmama has a simple user interface, making it an excellent option for beginners
  • Coins are sent directly to your wallet
  • Traders can purchase crypto using their credit or debit cards
  • The process of buying crypto can be completed in minutes
Cons:
  • Debit and credit card deposits add a 5% fee to the trade
  • A steep 2% markup and 3.90% buy commission

6. Coinbase 

The next platform on our list of top crypto trading platforms is Coinbase. The crypto exchange is a user-friendly platform that supports over 200 crypto assets. This includes prominent cryptocurrencies such as Bitcoin, Ethereum, Tether, Litecoin, Decentraland, Solana, Stellar Lumens, Ripple, USDC, MATIC, and several others. It also offers an array of less popular digital currencies such as Maker, Graph, Band, and others. This makes the platform an excellent choice for crypto traders and those who want to access DeFi.

Coinbase Crypto Trading Platforms

Opening an account on Coinbase is straightforward and takes a few minutes. When opening an account, you must submit a government-issued ID that the platform verifies. Once the verification is complete, you can deposit funds using a debit card or a direct bank transfer. You can complete your transaction instantly if you purchase crypto using a debit card. Once the transaction is completed, your cryptocurrency will be available in your Coinbase account.

Coinbase Security 

Coinbase is known for providing market-leading security features to users on its platform. It was launched in 2012 and offers the best security controls in the crypto space. The platform complies with all relevant US anti-money laundering and KYC regulations and keeps 98% of client funds in secure offline storage.

Users on Coinbase must also sign up for two-factor authentication. This means they must enter a unique code when signing into their account. The code will be sent to the account holder on their registered mobile number. Coinbase also allows traders to set up a 48-hour time lock on withdrawals, adding an extra layer of security.

Fees On Coinbase 

However, Coinbase is lacking when it comes to fees on the platform. The platform is one of the most expensive crypto trading platforms in the market. It charges a 3.99% fee when you purchase crypto using your debit card. While bank deposits are free, traders must still pay a commission of 1.49%, which is charged on buy and sell orders.

The platform also offers users a dedicated day trading platform facility. Meanwhile, Coinbase Pro offers digital currency pairs that traders can trade at lower commissions, starting at 0.50% per slide. While this is still expensive compared to other platforms, it is more competitive than the 1.49% the platform charges to buy or sell crypto.

Pros:
  • Coinbase supports debit card and bank transfer deposits and withdrawals
  • The platform offers a dedicated mobile app
  • Coinbase Pro gives users access to advanced charting tools and APIs
  • Users on Coinbase can also earn passive rewards from their investments
  • Users can connect their Coinbase wallets to DeFi apps. This allows investors to use their crypto in the Web3 ecosystem
Cons:
  • Coinbase has limited customer support options
  • The fee structure is complicated and expensive

7. Luno 

Luno is a free crypto and Bitcoin trading platform popular with beginners trading for the first time. The platform is an excellent mobile option for buying, selling, or trading cryptocurrencies. This is because Luno offers a dedicated, fully functional app available on Android and iOS. The app offers users a seamless experience unhindered by small screen sizes. Since the platform is beginner-friendly, traders can purchase digital assets using a credit or debit card.

However, fees when purchasing assets using a debit or credit card on the Luno trading platform are higher at 3.5%. However, if you deposit funds using crypto, you must only pay the blockchain fee. Once your Luno account has been funded, you can trade at a commission of just 0.1%.

Luno Crypto Trading Platform

Luno crypto platform gives you access to many tools and integration with TradingView. One of the best features offered by the platform is the savings account. This account allows you to deposit crypto and earn up to 4% annually. However, you must lock up your coins for a certain period.

The longer you lock your tokens, the more interest you earn. This feature allows you to earn income on an otherwise idle crypto investment. You can also benefit if the value of the asset in question increases.

Pros:
  • Advanced charts available from TradingView for technical analysis
  • Low trading fees for Bitcoin
  • Dedicated mobile trading app
  • Bitcoin savings wallet with 4% interest
  • Supports market, limit, and stop-loss orders
Cons:
  • Complex fee schedule
  • It does not offer one-minute price charts

8. Oanda 

This trading platform is one of the best US forex brokers, but it also allows you to trade crypto. Oanda offers cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Cardano, Binance Coin, Chainlink, Dogecoin, EOS, Stellar, Uniswap, and Tezos.

Oanda allows traders to access customizable layouts, trade-through charts, a range of plugins, and a highly intuitive interface. Traders can also test their trading strategies on a demo account without risking their funds. Oanda also offers MT5 compatibility, giving traders a versatile and comprehensive option when trading crypto.

Oanda Trading Platform

The platform has a dedicated educational section that provides the resources and tools for traders to learn about trading and make better decisions. The platform’s educational section consists of e-books, videos, and webinars. Additionally, traders can access a comprehensive FAQ section. Oanda also provides 24/7 customer support for customers facing any problems or additional queries.

Oanda also offers a currency converter tool, allowing users to exchange currencies. Real-time market data is provided by OANDA Rates, which is a collection of leading forex market data contributors. The currency converter tool is ideal for converting currency quickly before trading.

Pros:
  • Oanda offers its users a comprehensive FAQ section and 24/7 customer support
  • The platform has a plethora of research and educational resources available for traders to improve their trading knowledge
  • Users can access multi-option trading platforms and advanced charting tools
  • No markup on crypto trades
Cons:
  • A limited selection of cryptocurrencies on offer
  • No access to negative balance protection

9. Bitstamp 

The last platform on our list of best crypto trading platforms is Bitstamp. Bitstamp is a global crypto trading platform that offers over 80 major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, Ripple, and others. Bitstamp gives traders access to high liquidity, low trading fees, and low latency order execution. The platform’s user-friendly interface makes it an excellent choice for new crypto traders to buy and sell crypto quickly and securely.

Bitstamp Crypto Exchange

Advanced users on Bitstamp can access features like leverage trading, real-time data analysis, and a host of other features. These advanced features allow traders to react quickly to any market changes. The platform also has robust security protocols and various customer support options. This makes the platform one of the most reliable when it comes to crypto trading.

Bitstamp guarantees its customers security, reliability, and transparency, is licensed by the Luxembourg Financial Industry Supervisory Commission, and meets the European Union’s payment services directive. It also offers a dedicated mobile app, allowing users to trade on the go. Thanks to its range of simple and effective tools, Bitstamp has established itself as one of the world’s most popular crypto trading platforms.

Pros:
  • Bitstamp gives users on the platform access to real-time data
  • The Luxembourg Financial Industry Supervisory Commission licenses the platform
  • Allows users to trade major crypto assets at low fees
  • Low platform fees compared to others
  • Bitstamp does not offer advanced charting tools such as MT4
Cons:
  • Offers a limited number of assets

How We Reviewed Top Cryptocurrency Trading Platforms

To present a reliable overview of each crypto trading platform on our list, we spent hours testing them using a demo account. For platforms that don’t provide a demo account, we considered the trading experiences of other users, going through the platform’s official website and watching videos of the platform’s trading experience. After testing numerous platforms, we were able to narrow down our search to 10 crypto trading platforms.

For these ten platforms, we considered fees, ease of use, assets offered, and tools and features for trading. Some platforms in our list are beginner-friendly but do not offer advanced tools suited for more experienced traders. Meanwhile, other platforms could be more beginner-friendly but offer advanced trading tools for complex trades.

Read Also: eToro VS Coinbase, which is the best platform?

How To Choose The Best Crypto Trading Platform 

Choosing a crypto trading platform can be overwhelming, given the number of platforms operating in the market. However, selecting a trading platform can be manageable if you have a simple checklist. When searching for a crypto trading platform, consider safety, payment modes, fees, and markets.

Assets Offered 

The best crypto trading platforms offer traders access to many markets and hundreds of cryptocurrencies. For example, a platform like Coinmama gives you access to a limited number of cryptocurrencies. On the other hand, Binance, the world’s largest crypto trading platform, gives you access to hundreds of cryptocurrencies.

Choosing assets

Selecting a trading platform that offers more assets allows you to diversify your portfolio. Always choose a platform that offers more assets so you can spread out your investments accordingly, earning greater profits.

User Experience 

User experience is another vital factor when selecting a crypto trading platform. Selecting a user-friendly platform makes trading easier, especially for beginners unfamiliar with advanced trading tools. The best crypto trading platforms provide an intuitive, easy-to-use interface, clear price charts, simple navigation, and advanced features. They must also have a detailed FAQ section and dedicated customer support.

Liquidity 

The next factor to consider when selecting a crypto trading platform is liquidity. Always select a platform with high liquidity so your trades can be completed without a hitch. Platforms with a high level of trading activity tend to have greater liquidity.

High liquidity also reduces investment risks, making trades easier and ensuring price stability. A good way to measure liquidity on a platform is by looking at the bid-ask spread of an asset. The lower the spread, the higher the liquidity on the platform.

Customer Service 

Trading cryptocurrencies is relatively risky, thanks to the inherent volatility associated with digital assets. The best crypto trading platforms must provide dedicated customer support options like live chat, email, phone, and text support. The platforms must also have a dedicated FAQ section to help customers understand certain aspects of trading or find solutions to any problems they may be facing.

Trading Tools And Features 

The top-rated crypto trading platforms must provide users with tools and features that help them analyze their trades, develop advanced trading strategies, and even automate the trading process. Some of the tools platforms must offer are 

  • Leverage and margin trading 
  • Copy Trading and Social Trading 
  • Dedicated educational resources and expert analysis
  • Third-party compatibility
  • Crypto trading bots

How To Begin Trading Crypto Assets

This section of our guide on the best crypto trading platforms will show you how to sign up on a trading platform and purchase crypto. We will walk you through the account creation process and execute your first purchase. For this example, we will use eToro.

Step 1: Open An Account 

Sign up via etoro

The first step is to open an account on eToro. To do this, go to the eToro website and click the “Create account” or “Join now” tab. Enter your email ID and create a strong password for your new crypto trading account.

Step 2: Upload ID 

Verify ID

After creating your account, you must provide personal details and documentation. These are required to comply with KYC and AML regulations. Personal information includes name, phone number, email address, date of birth, and country of residence. You must also upload a government-issued ID and proof of address, such as a utility bill or bank statement.

Step 3: Deposit Funds 

Deposit Funds on eToro

Once your account is verified, you can deposit funds into your account. eToro requires a minimum deposit of $20 before you can begin trading. The platform supports several payment methods, such as debit cards, credit cards, bank wire transfers, and e-wallets like PayPal, Skrill, and Neteller.

If you make deposits in USD, you don’t have to pay a deposit fee when funding your account. However, deposits in other currencies attract a 0.5% fee.

Step 4: Search For Cryptos

Now that you have funded your account, you can begin trading. To start trading, search for the asset you wish to trade. You can browse the assets available on the platform using the “search” function. Click “Trade Markets” and then “Crypto” and begin searching.

Step 5: Place A Trade 

This is the final step. Once you find the asset you wish to trade, click the “Trade” button. Once you have entered the desire amount to invest and trade, click on the “Open Trade” button and place your order.

78% of retail investor accounts lose money when trading CFDs with this provider.

Crypto Trading Platforms: Conclusion 

In this guide, we have reviewed some of the best crypto trading platforms suitable for beginners and advanced traders. We found that eToro is the most leading crypto trading platform thanks to its ease of use, cryptocurrencies on offer, and features such as Copy Trading and Smart Portfolios.

Remember, when selecting a crypto trading platform, you must consider factors such as fees, trading tools, asset availability, ease of use, and customer support.

eToro Exchange

  • Best Crypto Copy Trading Platform
  • Over 80 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

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

FAQs - Crypto Trading Platforms:

Which Bitcoin Trading Platform Is The Safest?

If you want to trade Bitcoin and other cryptocurrencies, you must use a regulated platform. We recommend using eToro as it is one of the best crypto trading platforms in the market. It is also highly regulated by the FCA, ASIC, and CySEC and is registered with FINRA. This makes eToro one of the safest crypto trading platforms.

Crypto trading platforms charge fees for using the platform. Trading-related fees include commissions and spreads, while non-trading fees include deposit and withdrawal charges.

If you want to trade Bitcoin derivatives like options and futures, you should select Binance as your trading platform. Binance offers users access to several markets on Bitcoin derivatives products, such as options and futures. It also gives users access to considerable leverage.

Leverage depends on the trading platform you select and whether the platform is regulated or not. We highly recommend choosing a platform that is regulated. Accessing a regulated platform allows you to access leverage permitted in your country of residence. However, if you use a platform that is not regulated, you can access leverage of up to 1:100.

Most traders agree that Binance is one of the cheapest crypto trading platforms, charging 0.10% in commission. However, the platform charges a 4.5% deposit fee if you deposit funds using a debit card. A cheaper option is using a regulated platform such as eToro, which does not charge any commissions on crypto trades. Additionally, debit card deposits attract a maximum fee of 0.5%.