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The Top 10 Best Crypto Exchanges
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In this article we take a look at the best crypto exchanges in the world analyzing their key features, pros and cons, crypto exchange fees, security, and country availability.
To build the list and come up with our review for each crypto platform we got first-hand experience with every digital currency exchange, studied user reviews, and analyzed expert opinions on all centralized exchanges.
Best Crypto Exchanges: Our Opinion
From our analysis, our pick for the best cryptocurrency exchange is Kraken.
The trading platform offers a sizable selection of popular crypto assets, low cryptocurrency trading fees, and transparent security measures that give it the top spot.
The Kraken digital currency exchange was launched in 2011, with its headquarters in San Francisco, California, the United States.
The exchange is known for its low trading fees and a vast selection of advanced trading products like margin trading and futures trading.
Kraken supports over 185 cryptocurrencies and 7 fiat currencies.
Kraken is best for intermediate and advanced traders, as newbies will find it hard to navigate the platform.
The regular Kraken platform is suitable for intermediate traders while the Kraken Pro platform targets advanced users.
Trading fees on Kraken Pro are lower than on the regular Kraken platform.
Kraken charges dynamic fees on the basic trading platform. This is dependent on several factors like the size of the transaction, cryptocurrencies involved in the trade, payment methods, crypto market conditions, etc.
The downside of this is that users are unable to know how much they will be charged in fees until they create a transaction.
Trading Fees on Kraken Pro are lower than on the regular trading platform, however, the fee structure is quite complex. Kraken uses a tiered system via the taker and maker model based on the user’s previous 30-day trading volume.
That said, the Kraken digital exchange supports the following payment methods: Google Pay, Apple Pay, and Debit or credit card.
The exchange also supports bank transfers for withdrawals.
Users can further stake over 17 cryptocurrencies and earn up to 21% APY.
Kraken has an NFT marketplace that supports over 110 top trade volume NFT collections. Available NFTs on the platform include Mutant Ape Yatch Club, Bored Ape Yatch Club, Crypto Punks, and Azuki.
Unlike most centralized exchanges with NFT marketplaces, Kraken does not charge blockchain network fees for the NFT marketplace.
The NFT marketplace also supports the purchase of NFTs with over 200 digital assets.
Kraken offers round-the-clock customer service via phone, email, and live chat. It also has one of the largest crypto education resource platforms in the crypto world.
Key Features of Kraken
Kraken Pro
The Kraken app is the advanced trading platform of the Kraken digital exchange that gives experienced crypto traders access to advanced trading features like staking, futures trading, and margin trading.
The platform also gives traders access to advanced order types like take profit, stop loss, trigger options, and IOC.
As stated earlier, trading fees on Kraken Pro are lower than on the basic Kraken platform. Pro users also enjoy high APY in staked digital assets.
Kraken Pro has a separate mobile app from the regular Kraken exchange which offers Pro users more features.
The app gives users access to technical indicators, live market feeds, and live order books. They can also customize the app to suit their preferred trading module, compare up to 4 markets at once and browse market categories.
Kraken Security
Kraken is one of the first global crypto exchanges to have completed a Proof of Reserves audit and to do so consistently.
The exchange also holds an ISO/IEC 27001:2013 certification.
Users’ crypto assets are stored in a combination of both hot and cold storage wallets.
The exchange secures users’ accounts with security features such as configurable account timeout, email communications for withdrawals, customizable granular API Key permissions, and two-factor authentication.
The platform does not offer phone accounts or SMS recovery.
Countries Availability
Kraken is available to users in over 190 countries. This includes The United Kingdom, Chile, the Cayman Islands, Sweden, Australia, The United States, Spain, Qatar, Canada, Solomon Islands, Tonga, etc.
Pros
- It offers a variety of advanced trading features
- It has an NFT marketplace
- Low trading fees on Kraken Pro
- Large cryptocurrency selection
- It has one of the largest crypto-education resource platforms
Cons
- Limited withdrawal methods
- Not Beginner-friendly
Coinbase: Best Cryptocurrency Exchange for Beginners
Founded in 2012 by Fred Ehrsam and Brian Armstrong and previously headquartered in San Francisco, California, Coinbase is one of the first remote-first cryptocurrency exchanges in the world.
The digital currency exchange transitioned to become a remote-only company in May 2020.
The Coinbase crypto platform is available in over 100 countries and supports the trading of over 160 cryptocurrencies.
Coinbase exchange also supports 3 primary fiat currencies (GBP, USD, and EUR).
That said, the crypto platform is one of those easy-to-use cryptocurrency exchanges, which makes it suitable for beginners and inexperienced traders.
It has a web and mobile app trading platform. Coinbase also has a trading platform for advanced users known as Coinbase Pro.
The platform also supports various payment methods including debit cards, Apple Pay, Google Pay, PayPal, and Bank accounts. The major downside of Coinbase is that it supports fewer cryptocurrencies than other cryptocurrency exchanges like Binance.
Coinbase digital exchange supports 160 cryptocurrencies. Supported cryptocurrencies include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Cosmos, ApeCoin, Dogecoin, USD Coin, Polkadot, PancakeSwap, etc.
The platform also has an NFT marketplace where users can buy and sell different types of NFTs including domain names, collectibles, and Metaverse.
Coinbase NFT supports over 100,000 NFT items. It also offers minting services and social NFT trading. Unlike most cryptocurrency exchanges, Coinbase NFT only supports Ethereum as a payment method.
That said, when compared to other cryptocurrency exchanges, Coinbase fees are high, and the fee structure is also complex and may confuse beginners. The exchange uses a taker and maker fee model based on pricing tiers. The pricing tiers are dependent on the trading volume of the user.
Users are not charged staking or unstaking fees but the exchange takes a percentage of the staking rewards earned by the user. Coinbase also charges dynamic network fees for crypto withdrawals. Crypto withdrawal fees on Coinbase are dependent on the crypto network used and the cryptocurrency being withdrawn.
The platform offers customer service via online chat, phone, and support tickets.
Key Features of Coinbase
Advanced Trade
This is Coinbase’s advanced trading platform designed for advanced users. The platform supports over 350 market pairs and advanced order types like margin orders, limit orders, and stop orders.
Advanced Trade also offers some pro features like an order book, price charts, Borrow, the DApp wallet, and interactive charts.
Trading Fees on Advanced Trade are lower than on the regular Coinbase exchange.
Coinbase Card
This is a Visa prepaid card that allows Coinbase users to spend crypto from their Coinbase balance like cash.
The card supports 8 cryptocurrencies. Supported cryptocurrencies include USD Coin, Basic Attention Token, Ethereum, Bitcoin Cash, Stellar Lumens, Litecoin, and Augur.
The card is accepted anywhere Visa cards are accepted worldwide. The card can also be used for ATM withdrawals.
Coinbase automatically converts all the crypto to USD if the user chooses to make payments with crypto.
Coinbase Cardholders can also earn free rewards via the rewards program when they make payments for eligible services using the Coinbase card. The rewards are paid out in the user’s preferred cryptocurrency.
We summarized some of the Coinbase key features, but we also made an in-depth Coinbase review page that you can check out.
Security of Coinbase
Like most cryptocurrency exchanges, Coinbase stores 98% of users’ digital assets in cold storage offline.
The remaining 2% are stored in AES-256 encrypted hot wallets.
Users’ accounts are protected with security features such as two-factor authentication, the security prompt feature, password protection, and multi-approval withdrawals.
Users who want extra security for their digital assets can also store their assets in the Coinbase Vault. This is more secure than the regular Coinbase wallet and has extra security requirements in place for crypto withdrawals.
Countries Availability
Coinbase is available to users in over 100 countries.
Supported countries include the United States, Mexico, Argentina, Australia, Hong Kong, etc.
Pros
- Offers a crypto debit card
- Beginner-friendly
- Supports various payment methods
- Users can earn crypto rewards for using the debit card and via the Learning platform
- The mobile app has a user-friendly interface
Cons
- High fees and complex fee structure
- Limited advanced trading features
- Poor customer service
Gate.io Exchange - Best Cryptocurrency Exchange for Lesser-Known Cryptocurrencies
Gate.io is one of the most popular digital exchanges for advanced traders searching for lesser-known crypto assets.
The digital currency exchange supports more than 1,300 cryptocurrencies and offers advanced trading features like margin trading in particular locations.
Gate.io isn’t easy to use as its target audience is experienced traders.
The exchange also offers an NFT trading platform in addition to the regular spot trading you’d find on crypto exchanges.
Users have also access to futures trading and leveraged trading.
You can also earn interest on eligible digital currencies via its interest-earning products.
Concerning trading fees, the Gate.io cryptocurrency exchange charges up to 0.20% and this trading fee can be reduced if you opt to pay using the trading platform’s utility token.
For a more in deep knowledge about this exchange read our Gate.io review.
Key Features of Gate.io
Advanced Crypto Trading
Gate.io supports ample trading options including spot trading, peer-to-peer trading, and advanced trading tools like charts and graphs. Also, crypto investors that don’t reside in the United States can access margin trading and leveraged trading.
NFT Marketplace
Gate.io offers an NFT marketplace that allows users to buy, sell, and mint NFTs. Some popular collections on the Gate.io NFT platform include Metauniverse NFT, Attic Novel Net, etc.
Large Selection of Cryptocurrencies
The cryptocurrency platform supports more than 1,300 digital assets, including all top 20 cryptocurrencies by market cap alongside lesser-known that are difficult to get your hands on.
Its supported cryptocurrency list is by far longer than that supported by other cryptocurrency exchanges.
Security of Gate.io
Gate.io ticks the boxes for security measures expected from top cryptocurrency exchanges. It stores most of its assets offline in cold storage and uses professional auditing companies to test its system. Gate.io also has a third-party anti-malware defence.
At the exchange account level, Gate.io offers two-factor authentication, anti-phishing, and account monitoring measures.
Countries Availability
Gate.io is supported in over 110 countries including Austria, El Salvador, China, Costa Rica, South Africa, Singapore, and the Seychelles.
Pros
- Low trading fees
- Supports more than 50 fiat currencies
- Supports a large selection of cryptocurrencies
- Offers advanced trading features
- Has an NFT trading platform
Cons
- The website is difficult to navigate
- Does not support fiat currency withdrawals
- Deposit fees are considerably high
KuCoin: Best Crypto Exchange for a Large Selection of Crypto Assets
Founded in 2017, KuCoin is one of the most popular unregulated cryptocurrency exchanges in the world. The exchange is headquartered in Seychelles. The KuCoin cryptocurrency platform is particularly popular for its large selection of cryptocurrencies.
Kucoin supports the trading of over 700 cryptocurrencies. Supported cryptocurrencies include Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Polkadot, XRP, Avalanche, ATOM, etc.
KuCoin also supports over 15 fiat currencies including USD, EUR, GBP, AUD, ARS, QAR, PHP, JPY, CAD, etc.
Aside from the large selection of cryptocurrencies, Kucoin also stands out for offering lots of advanced features like a trading bot, crypto lending, margin and futures trading, etc.
KuCoin also has a native token known as KuCoin token (traded under the ticker symbol KCS). KuCoin token holders enjoy several benefits on the platform including discounts on trading fees.
The KuCoin crypto exchange is one of the best crypto exchanges for investors who wish to invest in cryptocurrencies at their early stage. This is because the exchange adopts altcoins fast.
KuCoin users can get rewarded for staked digital assets on the platform. The exchange offers high APYs on supported crypto assets when compared to other cryptocurrency exchanges.
KuCoin also supports the buying, selling, and swapping of NFTs via its NFT marketplace.
The KuCoin NFT marketplace was launched in 2022 and it supports different categories of NFTs.
In terms of fees, Kucoin charges trading fees based on a tiered system. The tiered system is dependent on several factors such as the amount of KCS held in the last 30 days, the user’s spot trading volume, etc.
KuCoin users can make payments via several supported payment methods. Available payment methods include Bank transfer, PayPal, credit or debit cards, Zelle, etc.
Customers with complaints regarding the platform can contact the support team by opening a support ticket or via online chat.
Key Features of KuCoin
KuCoin Crypto Lending
This is a peer-to-peer lending platform that allows KuCoin users to earn interest for lending cryptocurrencies to other users.
The lending platform supports over 50 cryptocurrencies including Bitcoin. There is no fixed minimum amount for lending. The minimum amount lent varies based on the cryptocurrency involved.
There are 2 types of lending methods on Kucoin Lending: Auto lending and Normal Lend.
With Auto Lend, funds are automatically lent at a rate equal to or higher than the minimum daily lend. Normal lend on the other hand allows users to set their daily lending rate, however, if the set rate exceeds the priority rate, the funds may not be lent out.
KuCoin Security
Despite being a centralized exchange, the KuCoin crypto exchange is unregulated in all countries it operates.
The exchange has also been victim of several hacking incidents.
That said, Kucoin has several security measures in place to ensure the security of users’ assets. Available security measures include regular penetration testing, security architecture review, security code audits, etc.
The exchange also conducts round-the-clock monitoring of users’ accounts to ensure the security of users’ assets.
Supported Countries
The KuCoin crypto exchange is available in over 200 countries including the United Kingdom, Turkey, Cameroon, Australia, Greece, Japan, South Korea, etc.
Pros
- Large selection of cryptocurrencies
- It supports several payment methods and fiat currencies
- It offers advanced trading features like margin trading, and a trading bot
- Low fees
Cons
- Limited withdrawal methods
- Unregulated
- It has been a victim of many hacking attacks
Bybit Exchange - Best Cryptocurrency Exchange for Leveraged Crypto Trading
Bybit is a cryptocurrency platform for derivatives like margin trading and futures trading that supports a broad range of advanced trading tools.
The crypto exchange allows users to trade cryptocurrencies at up to 100x leverage. The 100x leverage feature is only available if you trade Bitcoin though. For other digital currencies 50x leverage is the maximum.
This means Bybit crypto exchange allows you to trade a position of up to $20,000 with a $200 investment. So advanced traders can make high profits from leveraged trading as it boosts potential rewards. However, the risk is also extremely high, especially in volatile markets.
That said, the Bybit crypto exchange isn’t available in the United States and the United Kingdom. And if you’re looking for spot trading, Bybit isn’t the best choice either as all it permits is simply exchanging one cryptocurrency for another.
Concerning its trading fees, Bybit charges up to 0.075% on perpetual contracts.
Key Features of Bybit
Up to 100x Leverage on Cryptocurrencies
Bybit, unlike most derivative trading platforms, offers high leverage on Bitcoin and other cryptocurrencies. The industry standard for derivatives like margin trading is usually 20x, however, Bybit crypto exchange offers up to 100x leverage.
Also, crypto traders can go short or long on the available 14+ currencies.
Bybit Crypto Transactions Speed
The Bybit crypto exchange has stated that it is capable of handling 100,000 transactions per second. This is a lot faster than most crypto exchanges are capable of handling.
It also offers a no-downtime guarantee, as server downtime is a huge challenge faced by a lot of crypto exchanges during investor influx when a market change occurs.
Bybit Security
Bybit stores 100% of users’ funds in cold storage, offline. The crypto exchange also manually reviews every withdrawal request to prevent unauthorized crypto transactions.
Also, like all of the best cryptocurrency exchanges, Bybit runs a bug bounty program that incentivizes ethical hackers to report security loopholes in its system.
At the crypto exchange account level, Bybit supports two-factor authentication for changes to account security and withdrawals.
Countries Availability
Bybit is available in more than 160 countries and over 16 languages. Some supported countries include South Korea, Monaco, Netherlands, New Zealand, Ukraine, Sweden, Switzerland, Bermuda, Brazil, Canada, Bulgaria, Greece, Estonia, Gabon, France, and the British Virgin Islands.
Pros
- Provides educational crypto resources
- Offers up to 100x leverage on margin trading
- Supports margin trading and futures trading
Cons
- Poorly supported spot trading
- Bybit isn't available in the United States and the UK
- Offers highly risky crypto derivatives
Crypto.com: Best Crypto Exchange with Large Selection of Crypto Products
Crypto.com, previously known as the Monaco Crypto Platform, was founded in Hong Kong in 2016 by Gary Or, Bobby Bao, Rafael Melo, and Kris Marszalek.
The exchange offers a large suite of products and services and supports over 250 cryptocurrencies.
It supports advanced products like options, crypto derivatives, futures, margins, and perpetual markets.
The Crypto.com ecosystem is powered by its native token CRO. CRO token holders enjoy low trading fees and incentivised staking rewards.
The exchange also has an NFT marketplace. The Crypto.com NFT marketplace supports over 10 million NFTs and it is the only NFT marketplace on the Crypto.org chain. The NFT marketplace supports different types of NFT including gaming, sports, arts, celebrities, etc.
Crypto.com does not charge users deposit fees for USDC transactions below $100 while debit or credit card purchases attract up to 4% in fees.
All cryptocurrency deposits and withdrawals are free.
Crypto.com offers crypto education via the Crypto.com university. This is one of the largest education centers for crypto exchanges.
Key Feature of Crypto.com
Crypto.com Visa Card
This is a prepaid Visa card that allows users to use crypto to make payments both online and offline.
The card is only available to users who have staked CRO tokens for at least 180 days.
The card can be topped up using other credit or debit cards, cryptocurrencies, and bank account transfers.
There are 5 tiers of the Crypto.com card. The card tier a user gets assigned is dependent on how many CRO tokens they staked.
The tiers of the Crypto.com Visa card are Obsidian, Frosted Rose Gold and Icy White, Royal Indigo and Jade Green, Ruby Steel, and Midnight Blue.
We summarized one of the Crypto.com key features, but we also made an in-depth Crypto.com review page that you can check out.
Crypto.com Security
Crypto.com is the first crypto exchange in the world to hold ISO 22301:2019, ISO/IEC 27701:2019, ISO/IEC 27001:2013, and PCI-DSS v3.2.1 Level 1 compliance.
It stores users’ assets in a combination of both hot and cold storage wallets. Users’ fiat currencies are also stored in regulated custodian bank accounts.
Transactions on the Crypto.com blockchain are protected with Multi-factor Authentication like passwords, emails, biometrics, and authenticator verification.
Countries Availability
Crypto.com exchange supports users in over 100 countries. Available cryptocurrencies include the United States, the United Kingdom, Canada, Australia, Singapore, Italy, France, etc.
Pros
- It offers crypto education via the Crypto.com university
- It has a prepaid crypto Visa card
- It offers a large selection of crypto products
- Users can make payments with crypto using the Visa card
Cons
- High credit and debit card fees
- Not Beginner-Friendly
Gemini Exchange - Best Crypto Exchange for Robust Features
Gemini is a crypto exchange that’s suitable for both advanced and beginner trading. Crypto investors on the trading platform can buy and sell over 90 cryptocurrencies and it offers products like staking which allows users to earn interest on held digital assets.
It also features a lot of crypto-related products like the Gemini credit card, Nifty Gateway NFT marketplace, and Gemini Pay.
Gemini’s biggest drawback is its trading fees. The crypto exchange charges up to $2.99 in trading fees on its regular trading platform. This is quite expensive when compared to rival crypto exchanges.
Key Features of Gemini
Gemini Credit Card
This crypto credit card allows you to earn rewards on all purchases made with the card. It enables users to earn up to 3% back in crypto assets of their choice. You can also change the digital currency you receive rewards in at any time.
Gemini Pay
This feature allows users to pay for goods and services using their crypto assets in over 30,000 stores in the United States with QR codes. Gemini Pay also lets you choose which cryptocurrency to use for the purchase. You can use Bitcoin, for instance, to pay for a service while your DOGE balance remains intact.
Gemini Cryptopedia
The Gemini Cryptopedia is arguably one of the largest collections of educational resources from a cryptocurrency exchange. It hosts hundreds of articles on everything concerning crypto trading and blockchain including topics like Margin Trading, the History of Ethereum, etc. Of course, you can always check out our articles on these topics as well!
We summarized some of the Gemini key features, but we also made an in-depth Gemini review page that you can read.
Gemini Security
The Gemini cryptocurrency exchange has industry-level safety measures in place such as cold crypto storage, crypto assets insurance for the portion of digital currencies kept online, excluding unauthorized account access, Two-Factor Authentication and address whitelisting.
Countries Availability
Gemini is available in over 60 countries including the United States, Bermuda, Bahamas, Canada, Costa Rica, Cayman Islands, El Salvador, Jamaica, St. Lucia, Panama, Mexico, Brazil, and much more.
Pros
- Supports crypto trading for beginners
- A broad selection of cryptocurrencies
- Earn interest on digital assets
- Numerous crypto-related products
Cons
- High trading fees on the default trading platform
- Lacks major crypto assets
- Advanced crypto trading does not support margin trading or futures trading
Binance: Best Advanced Crypto Exchange
Founded in 2017, Binance is the world’s largest cryptocurrency exchange. It is best for advanced traders and offers lots of advanced trading features like futures trading, margin trading, and lots of trading pairs.
The exchange also has lots of crypto products including the Binance Smart Chain, Binance NFT, Binance Pay, Binance Coin, etc.
Binance supports over 350 cryptocurrencies and 42 fiat currencies. Supported fiat currencies include USD, SAR, SEK, THB, TRY, TWD, AUD, AZN, BGN, CAD, CHF, etc. It also supports several payment methods including P2P trading, POLi, bank transfer, credit, and debit card, etc.
Binance trading fees are low when compared with other crypto exchanges, however, the trading fee schedule is complex and confusing.
The major problem with the Binance exchange is its regulatory problems in several countries. The exchange has been banned from operating in several countries including the United States.
Binance has, however, been able to solve these regulatory problems in some countries by partnering with subsidiaries to create localized exchanges that are subject to the regulatory demands of the region.
Key Features of Binance
Binance Pay
Binance Pay is a secure borderless and contactless payment service that allows users to receive and send crypto payments from their mobile devices.
The Binance Pay service supports over 70 cryptocurrencies and facilitates the sending of crypto payments via Binance ID, Pay ID, or email.
Binance Pay is only available to users who have completed their verification on the platform. All Binance Pay payments are instantly verified and cannot be reversed.
Binance Security
Coinhako ensures that security features such as 2-factor authentication (2FA) and email verification are available when logging in and sending crypto to another wallet. Coinhako uses cold storage to store digital assets (at least 99% of its customers’ cryptocurrency in a cold wallet at all times). This means it’s offline and much better protected from hackers. Even if someone does manage to electronically break into Coinhako’s systems, they will only be able to access a small fraction of users’ funds.
Some of Singapore’s top cybersecurity consultants work at Coinhako and use their experience to keep the service and its users secure. Unauthorized or fraudulent transactions can be detected, and there’s a chance of getting your money back.
Countries Availability
Binance is available in over 100 countries. Supported countries include Canada, Brazil, Colombia, South Africa, Nigeria, Italy, Turkey, Ukraine, Egypt, Israel, etc.
In the United States of America Binance has create a difference entity, Binance.US, that complies with the US different regulation
Pros
- It offers advanced trading features
- It offers crypto education via Binance Academy
- Large selection of crypto assets
- Low trading fees
- High APY on cryptocurrencies in the Earn Program
Cons
- It has been subject to many regulatory challenges
- It is not beginner-friendly
Bitfinex Exchange - Best Crypto Exchange for a Broad Selection of Crypto Trading Options
Bitfinex is one of the largest crypto exchanges (top 9 by trade volume according to CoinMarketCap) in the world and is notable for its broad selection of crypto trading options offered such as margin trading, derivatives trading, futures trading, spot trading, and paper trading.
It offers ample features for both beginners and experienced traders.
Concerning trading fees, Bitfinex offers considerably low fees (most crypto trades cost 0.20%) when compared to other similar crypto exchanges.
As with most large crypto exchanges, Bitfinex supports over 170 crypto assets including Ethereum, Solana, Bitcoin, XRP, and Litecoin.
Key Features of Bitfinex
Low Trading Fees
Bitfinex stands out for its low trading fees as most crypto trades will set you back 0.10% in maker fees and 0.20% in taker fees. This includes trades for fiat currencies, stablecoins, and cryptocurrencies.
LEO Token
Crypto investors on the Bitfinex crypto exchange that hold the LEO token save on trading fees. For example, if you hold the equivalent of $1 in LEO coins you will be able to save 15% off trading fees on the cryptocurrency exchange for crypto-crypto and crypto-stablecoin transactions.
Bitfinex Security
Bitfinex uses the industry-standard security measures recommended for crypto exchanges, such include two-factor authentication, crypto address withdrawal whitelisting, and advanced APIs for connecting to third-party solutions.
It also features cold storage for customer assets.
That said, Bitfinex has struggled with security in the past. The crypto exchange has been riddled with regulatory problems including market manipulation and it has been hacked a couple of times.
Countries Availability
Bitfinex is available in more than 150 nations including Hong Kong, Singapore, and Egypt. However, it isn’t available in the British Virgin Islands, the United States, Canada, Italy, and Austria.
The Bitfinex crypto coin exchange is also not available in countries under comprehensive embargo.
If you want to know more about this exchange, check out our complete Bitfinex review where you will learn about all its ins and outs.
Pros
- Supports paper trading for beginners
- Margin trading, futures trading, and derivatives supported
- Low trading fees
- Offers high liquidity
- Supports over 170 unique cryptocurrencies
Cons
- Past regulatory challenges and fines
- It is not available in the United States
- Questionable investment with Tether
eToro Trading Platform - Best Cryptocurrency Platform for Social Trading
eToro is not a typical cryptocurrency exchange, rather it is a brokerage and investment portfolio management platform.
Like other similar investment trading platforms, eToro supports products like ETFs and stocks alongside a limited selection of cryptocurrencies (20+ digital assets).
Its stand-out feature is its social trading platform that allows you to copy the trades of top-performing crypto traders.
For trading fees, eToro charges a flat 1% fee for trading crypto in addition to a dynamic spread. However, it charges a 0$ commission for ETFs and stocks.
Key Features of eToro
Copy Trading
eToro and copy trading or social trading go hand-in-hand. It is arguably the most popular platform for copy trading.
The brokerage with this feature allows users to copy their favorite high-performance traders with a single click.
eToro then automatically allocates your funds to proportionally mirror your copied trader’s open positions.
You also have the option of choosing up to 100 traders to copy at a time.
Zero Cost Debit Card Deposits
Most crypto exchanges charge high transaction fees to process debit card payments, however, eToro offers debit card deposits at no cost.
That said, there is a conversion fee for non-USD fiat currency deposits.
eToro Security
Like most best crypto exchanges in our list, eToro stores most of its customers’ digital assets offline in cold storage. The platform also holds some cryptocurrencies in hot wallets to facilitate liquidity.
For the crypto exchange platform account security eToro offers two-factor authentication and account encryption.
Countries Availability
eToro is available in more than 140 countries and some supported countries include Mozambique, Singapore, the Philippines, the United States of America, Qatar, Hong Kong, Greece, Norway, Sweden, Peru, the United Kingdom, Finland, Seychelles, Argentina, Brazil, France, Italy, Germany, Angola, etc.
Check out our full eToro review to know more.
Pros
- Offers zero-cost debit card deposits
- Supports copy trading
- Allows users to invest in ETFs and stocks
- Mobile app is easy to navigate
- Supports demo trading
Cons
- Charges high fees when compared to other trading platforms
- A limited number of supported cryptocurrencies
| Exchange | Payment Methods | Withdrawal Methods | Platform App | No. of Crypto | Fiat Currencies Available |
|---|---|---|---|---|---|
| Kraken | Debit or credit card, Google Pay, Apple Pay | Bank transfer | Mobile/Web | 185+ | GBP, CAD, EUR, JPY, AUD, CHF, USD |
| Coinbase | Bank account, debit card, PayPal, Google Pay, Apple Pay, Sofort | Bank account, PayPal, instant card cashout | Mobile/Web | 160+ | GBP, EUR, USD |
| Gate.io | Bank transfers, cryptocurrency deposit address, credit card (Apple Pay, Google Pay inclusive), P2P trading | Cryptocurrency | Web/Mobile | 1,400+ | USD, EUR, GBP, and 50+ |
| Kucoin | Visa/MasterCard credit/debit cards, PayPal, Apple Pay, Ideal, Bank transfer, Zelle, Bancontact, Giropay, SOFORTBanking, EPS, and more | Cryptocurrency | Mobile/Web/Desktop | 700+ | USD, EUR, GBP, AUD, ARS, QAR, PHP, JPY, RUB, TRY, VND, CNY, IDR, CAD, VND, etc. |
| Bybit | P2P trading, crypto assets, third-party processors | Cryptocurrency | Web/Mobile | 20+ | RUB, USD, TRY, EUR, GBP, ARS, BRL, MXN |
| Crypto.com | Bank account transfer, credit or debit card, Google Pay, Apple Pay | Bank transfer, crypto assets | Desktop/Mobile/Web | 250+ | AUD, EUR, CAD, GBP, USD, ARS, BRL, SGD |
| Gemini | ACH transfers, wire transfers, debit card, bank transfer (GBP and EUR), PayPal | Bank transfer | Web/Mobile | 100+ | USD, EUR, GBP, CAD, HKD, SGD, AUD |
| Binance | Credit and debit card, bank transfer (ACH, POLi, Faster Payments Service, etc), P2P trading, Binance Pay | P2P trading, bank transfer, cryptocurrency wallet | Desktop/Mobile/Web | 350+ | AUD, AZN, BGN, CAD, CHF, CZK, DKK, EUR, GBP, UAH, UGX, USD, +30 |
| Bitfinex | Credit or debit card, Bank transfer, Tether, digital assets | Bank transfer, cryptocurrency | Web/Mobile | 190+ | USD, EUR, GBP, JPY, CNH |
| eToro | eToro Money, credit/debit card, Skrill, Neteller, Bank transfer, online banking, Rapid Transfer | eToro Money, credit/debit card, Skrill, Rapid Transfer, Neteller, Bank transfer, Online banking | Mobile/Web | 20+ | USD, GBP, EUR |
What is a Crypto Exchange?
A cryptocurrency exchange is a market place that allows its users to trade digital currencies for other assets such as traditional fiat currency or digital currencies.
There are 2 types of crypto exchanges: centralized exchange and decentralized exchange. Centralized exchanges are platforms run and operated by a central body while decentralized exchanges are controlled by their users primarily via liquidity provision and governance votes.
How to Choose the Right Exchange?
To choose the right cryptocurrency exchange you must consider the following factors:
- Available payment methods
- Available withdrawal methods
- Trading fees charged
- Supported Countries
- Number of available cryptocurrencies
- Type of cryptocurrency exchange: centralized exchange or decentralized exchange
- Beginner or advanced trading platform
- Security features and reputation.
Final Thoughts
That’s a wrap on our best crypto exchanges list. As mentioned, Kraken comes on top for its low trading fees and a sizable selection of popular crypto assets.
Just remember to consider the above-mentioned factors when choosing a crypto exchange.
FAQ
Most frequent questions and answers
To buy cryptocurrency at a low cost, you need to choose a cryptocurrency exchange that offers low trading fees like Kraken and Binance.
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