Many crypto exchanges exist to cater to eager investors looking to profit from cryptocurrency. How on Earth are you supposed to select the best one?
We’ll let you in on a secret — there isn’t a single best crypto exchange. Rather, the best trading platform for you to join will depend on various factors. You must consider where you live, how much trading experience you have, and what specific crypto assets you want to buy and sell.
Our team is here to help, and we’ve sorted through the thousands of crypto exchanges on the Internet. Not only did we find the best ones, but we also categorised them to help you find the ideal one for you. Read on for reviews of the best crypto exchanges, what factors we considered, how to avoid scams, and some FAQs for your clarification.
Best Crypto Exchange for Beginners — Coinbase
Are you new to cryptocurrency? Maybe you heard about it on the news or from your coworker who’s really interested in it. If a cryptocurrency has captured your attention, you’ll need an investment platform to use.
Everyone has to start somewhere. But what’s the best launching point? We recommend Coinbase as the best crypto exchange for beginners.
Coinbase is one of the most popular crypto exchanges in the world — and for good reason. Its user interface is far from convoluted or confusing. Instead, it’s clutter-free and simple to navigate. You can easily view your portfolio holdings, recent activity, and price charts from any desktop computer or mobile device.
Coinbase lets you learn as much as possible along the way. You can access cryptocurrency trading features and your account settings from your homepage to get your bearings if you start to feel lost.
The best part? Coinbase lets you earn as you gain knowledge. Participate in its lessons on cryptocurrency, and the platform will reward you just for being an avid learner.
When you use Coinbase, you won’t encounter anything that will confuse or draw you away from the enticing, interesting world of cryptocurrency.
- The platform has never experienced a safety breach since its inception
- Get paid in crypto when you go through the platform’s tutorials
- Lets you switch to Coinbase Pro as you expand your cryptocurrency trading knowledge
- You may encounter higher fees compared with other crypto exchanges
Best Cryptocurrency Exchange for Bitcoin — Coinjar
2009 was a monumental year. It wasn’t just the era of Taylor and Kanye’s big feud and the release of Avatar, the highest-grossing film ever — it was also when Bitcoin, the original cryptocurrency, entered existence.
No one took Bitcoin trading very seriously at first. Sceptics didn’t believe it would surpass more than a few $1,000 per share. Today, it’s one of the most stable cryptocurrencies available and has an incredibly high market capitalisation. Investors often turn to it as an indicator of the entire crypto market.
If you want to get your toes wet with cryptocurrency, Bitcoin is an excellent, safe bet. However, you’ll need to pick a reliable investment platform to keep your hard-earned funds safe.
We highly recommend Coinjar as the best cryptocurrency exchange for Bitcoin trading.
Coinjar has been in the crypto exchange game for quite some time — it went public in 2013, so it has almost a decade of experience under its belt. When you join this platform, you won’t have to fear that your funds are in malicious, sketchy hands.
Coinjar is one of the best Bitcoin exchanges, no matter if you plan to hold the asset for the short or long term. You can deposit fiat currencies (including AUD and GBP) using bank transfers or credit cards.
Coinjar lives up to its name quite well, as it’s a safe place to keep your investments for years. The platform implements password protection and two-factor authentication for customers’ wallets, letting you invest in Bitcoin with confidence.
Coinjar is also very transparent about its practices and offers great customer service that you can count on for your long-term investment in Bitcoin (or Bitcoin Cash, if you’re feeling edgy).
- A well-established trading platform
- Excellent customer service
- Convenient deposit and withdrawal methods
- Mainly serves Australian investors (caters to some international traders)
Best Crypto Exchange for USA — Webull
Sometimes, finding the best crypto exchange is all about your country of residence. Some trading platforms don’t accept investors in specific countries, while others may limit your trading abilities based on where you live. It’s essential to assess where you reside and how your residence can affect your crypto-trading.
If you bleed red, white, and blue, you may be wondering what the best crypto exchange for USA investors is.
Webull is our top pick for those in the good old U.S. of A. Webull is a US-registered crypto exchange, and its headquarters are located in New York.
Webull primarily serves US investors. This cryptocurrency trading platform is available in a few other countries, but the majority of its users are American.
Traders can benefit from native English customer support, including 24/7 phone support and email. You can also participate in the live chat function via the mobile app if you need immediate assistance.
If you’re looking for an easy way to research and invest in cryptocurrency, you can take advantage of the voice command features on the mobile app. Use just your voice to search, buy, and sell assets using the AI-enabled voice commands.
- A US-registered broker
- Excellent customer support
- Low cryptocurrency trading costs
- Limited crypto assets
Best Crypto Exchange for UK — AvaTrade
Not an American resident? If you live across the pond, you may be wondering what the best crypto exchange for UK investors is.
Reputable tier-1 and tier-2 regulators oversee AvaTrade, meaning you can rest assured knowing your funds are in safe hands. One of these regulators is the Central Bank of Ireland, which is very close to the company’s headquarters.
The UK is a melting pot of people from various backgrounds, and AvaTrade caters to many interested investors. You can change your account settings to display in 25 different languages, including Welsh and Irish.
If you’re an avid UK traveller and expect to find yourself in Snowdonia National Park one day and near Big Ben Tower the next, AvaTrade is for you. You can use the AvaTradeGO app to buy and sell crypto as you travel. Benefit from an incredibly user-friendly interface and trailblazing tools.
Feel extra safe in your investments by purchasing AvaProtect, which is a type of insurance policy that reimburses you for losing positions.
- Offers negative balance protection
- Available in multiple languages
- Well-regulated for your peace of mind
- You’ll have to pay high inactivity fees if you don’t use the platform
Best Crypto Exchange for Europe — BDSwiss
Are you looking for the best crypto exchange for Europe-based investors? If so, BDSwiss is the trading platform for you.
BDSwiss is a brand name for European investors. The Cyprus Securities and Exchange Commission (CYSEC) regulates this trading platform, which is a great sign of its reputability. The CYSEC is one of Europe’s elite government agencies dedicated to protecting investors and developing the securities market healthily.
When it comes to the user experience, BDSwiss offers one of the best. This investment platform sports an impressive average monthly trading volume and has more than 1.5 million registered users. You’ll never have any issues with executing your important trades.
BDSwiss makes trading cryptocurrency easy, as it offers the MetaTrader 4 and 5 software. You can use this software to make informed speculative trades and minimise your risk exposure.
As bonuses, BDSwiss lets users participate in copy-trading and create Islamic accounts to adhere to specific religious beliefs.
- Regulated by the CYSEC in Cyprus
- High trading volume
- Perks like copy-trading and the ability to create an Islamic account
- Low leverage for cryptocurrency
Best International Crypto Exchange — eToro
Do you live outside the US, UK, or Europe? Or want to be able to trade internationally? We don’t want you to get left in the dust of the cryptocurrency craze.
eToro is excellent for international investors, as it supports more than 120 countries across six continents. This platform offers you an efficient way to participate in CFD trading so that you never have to buy and sell actual assets. Instead, you speculate on the asset’s future price.
US residents and citizens can’t participate in CFD trading because of tax reasons, but they can still trade cryptocurrencies (as long as their state allows it).
The required minimum deposit may vary slightly depending on your country of residence, but it’s normally around $50. This low starting point means you can start profiting from crypto without much initial capital.
As you start to invest regularly, you want to know your money is in reputable hands. Several bodies regulate eToro, including the Financial Conduct Authority (UK), the Australian Securities and Investments Commission (Australia), and the Cyprus Securities Exchange Commission (Europe).
If you abide by Sharia law, you can open an Islamic account with eToro to remain within your religious beliefs.
eToro also offers decent customer service for its size. You can reach the team via live chat, email, or fax 24 hours a day, five days a week.
- Available in more than 120 countries
- Excellent CFD trading options
- A helpful customer support team
- Limited capabilities for US investors
Best Crypto Exchange App — Libertex
Trading crypto is what some investors live for. They spend their days on their desktop computers and try to execute the most logical trades.
Not all of us are so lucky. You may have a different career that prevents you from investing at all hours of the day.
If trading isn’t your occupation, you won’t be at your computer 24/7. And that’s okay — you can stay ahead of the game by using a reliable mobile platform.
You shouldn’t try to fumble with a crypto exchange’s website on your mobile browser. The website might not come up properly on a phone, and specific components may not load properly. So, you’ll need to find a dedicated app.
But, what’s the best crypto exchange app? From our experience, we’ve discovered that Libertex offers the most reliable mobile experience of all investment platforms.
Libertex offers a consistently smooth mobile experience. You can easily download the platform’s app on an iOS or Android device (from the Apple App Store or Google Play Store, respectively). Alternatively, you can install the app on your phone directly from the Libertex website.
With the app downloaded, you have many trading abilities available at your fingertips. You can view live quotes, participate in profit-taking, pre-order specific assets, and implement the stop-loss feature.
Users rarely report crashes or bugs, meaning you can trade efficiently from wherever you are. In the rare instance you experience an issue with the app, you can get a quick response from the Libertex support team via email, phone, Facebook, or Twitter.
- The ability to switch from demo mode to your real account within the mobile app
- iOS- and Android-friendly app
- A responsive customer service team
- Limited educational resources on the app
CFD broker for Day Trading — Plus500
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Even though Plus500 is not a crypto exchange, it is still worth to be mentioned, as its functionalities are some of the best on the market. Some people have diamond hands — they buy a cryptocurrency and plan to sell it several years into the future.
This is a surefire strategy for many folks, but it won’t allow investors to meet their short-term financial goals.
If waiting one, two, or three years (or even a couple of months or weeks) isn’t in the cards for you, day trading with CFD’s may be on your horizon.
Day trading lets you buy and sell cryptocurrency within the same market day. It can be very lucrative, but it also presents risks. Newer, inexperienced investors can experience high losses within minutes if they aren’t careful.
If you want to day trade, you’ll need to find a good CFD broker for day trading — and Plus500 fits the bill.
Plus500 operates with high standards of reliability and efficiency. You can execute trades very quickly on its proprietary Webtrader trading platform. Even though Plus500 supports long-term investors, it targets short-term traders with its excellent trading offers.
Day trading is a complicated endeavour to take on. Luckily, this CFD broker allows you to use a demo account and learn how the platform works. You can backtest strategies using historical data and experiment with various layout designs to find what you prefer.
One key aspect of day trading is the ability to capitalise on amazing opportunities. Plus500 provides 1:30 leverage for margin trading. This lets you take advantage of time-sensitive purchases and sales so that you’ll never miss out. Please do note that there is always a risk of losing your capital. Do note that leverage also multiplies your risks of loosing money.
- Operates on an efficient, proprietary trading platform
- Caters to short-term investors
- Offers leverage for margin trading
- No copy trading features
Best Crypto Exchange for Altcoins — CEX.IO
We know, we know — Bitcoin must be on your mind if you’re thinking about getting into cryptocurrency.
Even though it’s the most popular, Bitcoin isn’t the only cryptocurrency out there. Any type of crypto that isn’t Bitcoin is called an altcoin.
You shouldn’t be so quick to roll your eyes at altcoins, even if their names don’t stick with you as easily as Bitcoin’s does.
CEX.IO is a versatile crypto exchange that lets users buy and sell various cryptocurrencies. It has more than 75 altcoins, allowing you to diversify your portfolio as you see fit.
Of course, it carries the altcoins with the largest market capitalisations, including Ethereum, Cardano, Ripple, and Polkadot. However, it also lets you trade more niche coins with lower market capitalisations. You never know — a seemingly obscure coin (with a low market cap) that CEX.IO lists might surge in a way we’ve never seen before. By using CEX.IO, you’ll get a healthy mix of safe and “riskier” crypto bets that you won’t want to pass up.
- Lets you use a credit card to purchase altcoins
- Supports four fiat currencies (RUB, USD, GBP, and EUR)
- Offers up to 100x leverage on its margin trading platform
- Users must undergo a tedious verification process
Best Decentralised Exchange
A decentralised trading platform connects buyers and sellers of crypto much like a central one, but the former is non-custodial. On a decentralised trading platform, you always remain in control of your private keys. Your funds are in your hands rather than the platform’s. Investors often view decentralised platforms as safer to use because the risk of security compromises is lower.
While some investors look for the best decentralised crypto exchange to perform their trading, you don’t have to use one to experience security and success. If you use a reputable centralised platform (like any of the ones we’ve reviewed above), it should keep tabs on your funds with no issues.
How We Chose the Best Crypto Exchanges
We’ve done our due diligence to come up with our list of the best crypto exchanges available. What allowed us to devise our list?
We are highly experienced in the crypto world, as we are avid traders. We’ve tested all these platforms for ourselves and noted their successes and drawbacks.
Our team also performed extensive research to supplement our real-life experience. Through our combined research and experience, we’re able to give you a comprehensive picture of the best crypto exchanges.
What Factors to Consider When Selecting a Trading Platform
You shouldn’t ever select a trading platform without first considering these two factors:
An investment platform with the lowest trading fees will be any trader’s best friend. If you have to pay upwards of 10% (or even 5%) of market value to execute your trade, you won’t thrive in the crypto world.
Search for an investment platform that offers low fees for purchases and sales of your favourite crypto assets.
Safest Crypto Exchange
What good is a profitable trading activity if your funds aren’t well-protected? You should search for a trading platform that’s regulated by a reputable body and has high-level security measures (like SSL encryption, two- or three-factor verification, and cold storage options).
Understanding Differences between Crypto Exchanges
Not all crypto exchanges are alike. They often differ because of:
- Specific crypto assets listed
- Years in business
- Target user base (novices, intermediate investors, veterans)
- Geographic location
- Functionality (mobile vs. desktop)
- Trading costs
- Leverage options
- & many more factors.
Some crypto exchanges will be better for you than others. Before you sign up for one, it’s essential to understand what you’re looking for from a crypto exchange.
Things to Avoid When Choosing a Crypto Exchange
You should only invest with an honest, reputable crypto exchange. Some trading platforms exist with less than ideal intentions, so it’s essential to avoid these at all costs.
Scam Crypto Exchanges
Are you unsure if a crypto exchange you’re interested in is a scam or legit? Here are some telltale signs a trading platform is illegitimate:
- It guarantees high returns within a couple of weeks.
- It pressures you to make larger investments than you initially intended.
- It sends out excessive, pushy communications.
- It offers unsolicited advice on buying cryptocurrency.
- It subjects you to high withdrawal or registration fees that it didn’t disclose upfront.
Summary — Which Crypto Exchange Should I Use?
We can’t provide a straightforward answer because the best crypto exchange for you will depend on your unique needs and preferences. You’ll have to evaluate what you want, but you can use our informative guide as a launching point. If you’re apprehensive about investing, start with a platform that offers a demo account and start experimenting.
Once you’re confident in which investment platform you want to try, sign up to emerge yourself in the exciting, lucrative world of crypto.
Best Crypto Exchange FAQ
Which is the best crypto exchange?
The best crypto exchange will vary from person to person.
For example, Webull is ideal for the US investor. But, if you live in Canada, you won’t even be able to set up an account.
When determining the best crypto exchange for you, you’ll have to determine what kind of experience you want (low trading fees, diverse crypto assets, a superior mobile experience, etc.).
Which is the best cryptocurrency exchange to sell BTC to USD?
What is the best cryptocurrency exchange to sell BTC to USD? From our experience, Coinjar reigns supreme. Coinjar is the go-to Bitcoin exchange, so you’ll never have a problem converting BTC to USD.
Selling BTC to USD is essential for specific transactions. Why is this so?
We can best explain this concept using a hypothetical example.
Let’s say you want to buy a niche altcoin (we’ll call it PIZZA). Pretend that no exchange on your radar offers a BTC/PIZZA pairing, but some exchanges have a USD/PIZZA pairing. So, you’ll need to turn your BTC into USD if you want to buy this niche altcoin.
Which crypto exchange has the best withdrawal fees?
We’ve found that the best crypto exchange for withdrawal fees is Coinmama. Coinmama doesn’t charge you to take money out of your account, as long as you use a standard bank transfer. Other withdrawal methods can rack up some serious fees, but you should be off scot-free when you withdraw money to your checking account.
Transaction fees can really cut into your profits, so you’ll want to find an investment platform with minimal fees.
Which crypto exchange has the best tracking for gains?
The best crypto exchange for tracking gains is PrimeXBT. You can view this trading platform on your desktop with no installations or downloads required.
Once you log in to your account, you can start taking advantage of the user-friendly interface instantly. Customise it to your trading style and easily see how much money you’ve gained (or lost) over a one hour, day, week, month, or year period.
Which is the biggest crypto exchange?
When it comes to determining the biggest crypto exchange, we have to analyse trading volume.
According to CoinMarketCap, the biggest crypto exchange in the world is Binance by a landslide. Huobi Global, Coinbase, Kraken, Kucoin, and Bitfinex are other crypto exchanges in the top ten in terms of size.