13 Best Exchanges To Buy, Sell And Trade Bitcoin & Other Cryptos !

What Is The Best Crypto Exchange To Buy, Sell And Trade Bitcoin ?

The booming cryptocurrency market has attracted investors looking for a piece of the digital currency profits. There has been some skepticism surrounding the credibility of some crypto trading platforms, especially knowing that some systems can easily be hacked. Anyone who owns any cryptocurrency wants to keep it safe from hackers.

Whether you’re already a crypto investor or you’re new to it and are looking for more information about crypto trading or simply trying to compare different exchanges to make the right choice, this article reviews the 13 best crypto exchanges on the market right now.

#1. Coinbase 

PROS

• Very easy to use (we think that Coinbase is the best place to invest in Bitcoin for beginners.)
• See all your coins in one place.
• Secured and safe platform.
• High liquidity.
• Good variety of altcoins ( Dogecoin, Cardano, Ethereum, Litecoin and more.)

CONS

• High fees when you are not using coinbase pro.
• Few payment options.
• Users do not control wallet keys.

WHAT YOU NEED TO KNOW !

Coinbase has accumulated over 30 million users worldwide, reaching 103 countries, since its launch in 2012. 

Coinbase, which went public in April, is the best known exchange in the US. The company makes it easy to trade well-known cryptocurrencies from Bitcoin to Dogecoin, and has its own Visa-backed debit card that integrates with Apple Pay and Google. 

This Crypto exchange is best suited for beginners who want to learn the ropes and keep their cryptos safe without being overwhelmed by graphs and data all over the screen.

Coinbase allows for bank deposits, bank transfers, PayPal, and credit/debit card transfer payments. 

However, the exchange has rather costly fees. For purchases under $200, fees range between $0.99 and $2.99. An additional 0.5% fee is charged depending on how much money is traded.

In terms of security, Coinbase has FDIC insurance, so in the unlikely event that the company ceases to exist, users will be fairly compensated, and 98% of user funds are placed in cold storage, meaning that theoretically only 2% of your funds could ever be stolen.

#2. Gemini

PROS

• Good security.
• Very easy to use (Ideal for beginners)
• No Deposit fees.
• Good liquidity.

CONS

• Serves limited countries.
• Needs a lot of personal information.
• Higher fees than other exchanges.

WHAT YOU NEED TO KNOW !

Gemini is a crypto exchange founded in New York in 2014 with over 25 fiat currencies and over 50 cryptocurrencies.

This cryptocurrency exchange offers a bonus of $10 on sold or bought Bitcoins worth $100, and it also runs a Gemini Earn promotion for users to earn up to 3.5% interest with Bitcoins when they save crypto.

However, Gemini accounts have a $5,000 daily deposit limit and a $30,000 monthly deposit limit, so it’s not ideal for Big players. You can also withdraw a maximum of $100,000 daily.

There is a fee of 0.50% on trades, and a fee of 0.99%-1.49% on transfers. It’s not exactly the best rate out there, but it is better than some of the best crypto exchanges.

#3. Kraken

PROS

• Good security features.
• Stylish User interface.
• Reputable site.
• Staking rewards.
• 7 fiat currencies. (USD, EUR, CAD, GBP, CHF, JPY and AUD.)
• 60+ Cryptocurrencies.
• Low fees.
• High Trade limits.

CONS

• Not for beginners.
• Slow account verification.

WHAT YOU NEED TO KNOW !

Kraken was founded in 2011 in the U.S and relaunched in 2013. The great security of Kraken, it’s low trading fees, and its wide selection of cryptos make it a good choice for both New and advanced crypto investors.

Kraken offers three account packages: starter, intermediate, and pro. With the starter account, you can deposit, exchange, and withdraw cryptocurrencies, perfect if you are just getting used to crypto.

Fees on trades range from 0.9%-1.5%, depending on the amount. This makes it one of the cheapest crypto exchanges with a good reputation.

Despite customer support promises 24/7 availability, there have been some negative reviews from users.

#4. Binance

PROS

• 350+ Cryptocurrencies (very large selection.)
• Most Popular Crypto exchange
• Low fees.
• Good security.
• Easy-to-use website interface.

CONS

• Hiccups in account verification.
• Not available in the US.
• Not ideal for Beginners.

WHAT YOU NEED TO KNOW !

In terms of trading volume, Binance is one of the largest cryptocurrency exchanges. Binance was originally based in Hong Kong, and its terms are still governed by Hong Kong law.

From the United States, you can access Binance’s partner site, Binance.US, which uses matching engine and wallet technologies licensed from Binance, but it offers fewer products and fewer trading pairs than Binance.

Binance allows you to buy, sell and trade cryptocurrency, charging only 0.1% on trades, and by staking your coins for a while, you can earn an interest rate of between 0.5-10% on your coins which is not bad at all.

You can buy crypto using bank deposits, bank transfers, or credit/debit cards, so a lot of payment methods are available. However, debit card purchases are subject to a heavy 4.5% fee.

#5. eToro

PROS

• No commission on cryptocurrency.
• Friendly user interface.
• Easy for US crypto investors to sign up.
• Multiple coins traded ( BTC, ETH, XLM, etc.)

CONS

• High trading fees.
• Poor customer service.

WHAT YOU NEED TO KNOW !

eToro was founded in Tel Aviv in 2007, as a social trading exchange. The company now has a headquarters in London and 17 million users globally in 100 countries. In 2018, it launched in the US with a cryptocurrency-only platform.

Investors can choose from six crypto coins (Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, and XLM). It’s not a lot, but these are the biggest crypto coins people are looking to trade, so it makes sense.

eToro offers a $50 bonus on crypto charges worth $1,000. However, eToro charges a high 0.75%-2.90% trade fee, depending on the trade amount. Now you can also stake crypto and earn interest on them just for holding them (also refer as HODL).

It takes about seven days for deposits to be cleared for use, with only one standard currency which is USD Dollar. Deposits and withdrawals of foreign currency are subject to fees, so it’s best to be a US trader.

#6. Coinmama

PROS

• Very good customer service.
• Friendly user platform.
• Live pricing.
• Bitcoin sold directly
• Available in many languages.

CONS

• No mobile app.
• High fees.
• No Crypto-crypto transactions.
• Can’t sell bitcoin without an EU bank account.

WHAT YOU NEED TO KNOW !

Coinmama was founded in Tel Aviv in 2013, it is a cryptocurrency brokerage with 2 million worldwide users spread over 188 countries. 

Unlike exchanges, brokerages sell their crypto to investors. You can buy Bitcoin at great rates from Coinmama, but it offers only 10 cryptocurrencies.

Coimama makes it very convenient to buy cryptos. you can pay with a debit/credit card, bank transfer, wire transfer, or Apple Pay. There is, however, a fee of 5% and 5.5% on both deposits and purchases.

When it comes to security, you get a private e-wallet key to protect your account from hackers. Your digital currency is therefore much less likely to be attacked, so you can rest easy knowing it is protected.

#7. Ledger wallet

PROS

• Most popular hardware wallets in the world.
• Beginner friendly and easy to use.
• Highly secured – 100% cold storage.
• Mobile app available for Ledger Live.
• Support over 1000+ coins and tokens
• More than 3 Millions devices sold.

CONS

• Not an open-source ( physical Crypto wallet.)

WHAT YOU NEED TO KNOW !

When you own crypto, what you really own is a private key that gives you access to your coins. You should be the only one in control of this key and you need to keep it secure and safe. This is the big advantage of cold wallet over regular online wallets.

Ledger wallet is a hardware wallet “cold wallet” is the most viable option as these come encrypted, keeping your keys secure. This wallet the safest out there since it’s not connected to the internet making it impossible to hack.

A Ledger hardware wallet, combined with the Ledger Live app, is one of the best ways to secure your Cryptos. Your hardware wallet keeps your private key protected at all times in a certified secure chip. Nobody can access it but you. Your wallet also gives you the freedom to manage your crypto on your own. Ledger Live makes it easy to buy, exchange, and grow crypto securely through a single app.

#8. Margex 

PROS

• High, adjustable leverage
• Robust, custom built trading engine supporting 100k tps
• Intuitive design
• High liquidity
• Price manipulation protected
• Great and fast support

CONS

• Withdrawals are processed once a day and only in bitcoin.
• Limited choice of trading pairs (for now)

WHAT YOU NEED TO KNOW !

Margex is a cryptocurrency derivatives trading platform that offers up to 100x leverage. Since its launch in 2020, it has quickly established itself as a trusted operator while doing everything it can to provide a professional trading environment that can be easily used by new crypto traders as well.

The referral program is among the most generous in the industry, and their fees are competitively low, making them a strong competitor for the top spot among all derivatives trading platforms.

Margex has relatively low fees compared to most trading platforms: the maker fees are 0.019%, while taker fees are 0.06%.

Margex is new to the crypto industry, but their determination to provide excellent customer service is what makes them stand out from the competition. The platform provides all the tools new crypto traders need to be successful.

On the website you can find guides, tutorial videos, and analyses that will help you improve your trading skills. Furthermore, the combined liquidity pool of 12+ exchanges at Margex makes trading lightning fast and with small spreads.

#9. Bittrex

PROS

• Fully regulated and legally compliant in the United States.
• Very secure, with two-factor authentication (2FA). Has never been hacked.
• Requires minimal personal information for verification.
• Verification process faster than other exchanges.
• Allows withdrawals of up to $3,000 per day.
• Easy-to-calculate fee.
• Supports over 250 cryptocurrencies.
• Available in most countries.

CONS

• Does not support deposits or withdrawals of fiat currencies.
• Does not support margin trading and lending.
• Slow customer support.

WHAT YOU NEED TO KNOW !

Bittrex was founded by four security professionals in 2014 and quickly became the world’s largest cryptocurrency exchange, with more than $1.0 billion in daily trading volume. 

Signing up for Bittrex has changed since legal pressure has increased on cryptocurrency exchanges and brokers, and Bittrex has to ensure compliance with various laws. You can create an account by entering your email and password as the first step.

New users must click the link inside a confirmation email to create their account and provide their ID documents, prior to being allowed to fully access Bittrex’ trading services.

Please note that US traders are not permitted to trade on Bittrex International due to US legal restrictions.

#10. BlockFi

PROS

• Trades are commission-free. 
• Earn interest, trade and borrow from a centralized hub using the block fi app.
• No minimum balance, no hidden fees.
• Instant trades and recurring trades feature.
• Interest accounts are available worldwide and in 49 US states. (with the exception of sanctioned or watchlist countries)

CONS

• Mostly restricted to those with a base knowledge of cryptocurrency.
• Limited cryptocurrency selection and educational resources.

WHAT YOU NEED TO KNOW !

With BlocKFi, you can borrow cash or cryptocurrency, earn interest with saving accounts, and trade cryptocurrencies from the most trusted financial service providers in the industry.

BlockFi offers many benefits to its clients and is backed by financial giants like SoFi and Fidelity. By adhering to American law and financial regulation, BlockFi has made sure its clients are protected to the fullest extent possible. However, by remaining independent, the company is able to provide the best rates.

A large amount of collateral secures your funds, so you can always access them easily. So if you have a little bit more than basic knowledge about cryptos, this is an awesome platform to use.

#11. Crypto.com

PROS

• Good security.
• Low fees.
• Up to 50$ sign-up bonus.
• Huge crypto coin collection of 100+.
• Regular promotions.

CONS

• Complex app system.
• Poor customer service.
• Poor Privacy.
• Unclear source of funding.

WHAT YOU NEED TO KNOW !

Founded in 2016 and based in Hong Kong, Crypto.com is a popular cryptocurrency platform that allows its users to trade, buy, sell, and spend. The exchange service is most popular for its Remarkably low fees which are around 0.04%-0.20%.

Crypto.com lets you have a non-custodial DeFi wallet that has its own app, and by linking the accounts, you can transfer funds easily. Crypto Earn is another feature of the exchange service, which allows users to stake their coins for a period of 1 or 3 months with a chance at earning interest of up to 12%. The longer you stake, the more interest you can earn.

Crypto.com offers 24/7 customer support, including live chat in the app, email, and phone. However, their biggest complaint is the slow customer service, where many users report that their calls go unanswered or services are delayed. 

Crypto.com is only accessible through mobile apps, so you better be an on-the-go trader ! 

#12. Kucoin

PROS

• Low trading and withdrawals fees.
• Large selection of crypto (400+ available altcoins.)
• Ability to stake and earn crypto yields.
• 24/7 customer support.

CONS

• Complicated interface for newbies.
• No bank deposits.
• No fiat trading pairs.

WHAT YOU NEED TO KNOW !

KuCoin is a cryptocurrency exchange designed to make it easy for investors around the world to exchange digital assets and cryptocurrencies.

Established in late 2017, KuCoin has gained a reputation for being one of the world’s most popular cryptocurrency exchanges. However More than 400 tokens and cryptos are available on their website, and the company is known for adopting new digital coins early on. It would be hard to find a more useful platform than KuCoin to experiment with new currencies.

Its popularity has grown quickly, with over 5 million registered users in 200+ countries and regions, including Vietnam, Spain, Italy, Turkey, Russia, India, South Korea and many other countries.

#13. Bisq

PROS

• Decentralized Exchange.
• Various payment options.
• Instant approval.
• No need to provide personal information.
• Very secure.
• You are in control (no third party involved).

CONS

• Decentralization isn’t for everyone.
• For advanced traders.
• Potential for fraud.

WHAT YOU NEED TO KNOW !

Bisq is quite different from a traditional brokerage account as you’re likely to get. This is a decentralized exchange that comes with advantages and disadvantages of its own. Although it’s more secure, you will have to work harder to trade.

Decentralization is a key component of Bisq’s security. There are no central servers that store the information. There is no central point to hack into, so neither your money nor your information can be stolen from it.

You are responsible for protecting your own system. For personal security, you’ll need a strong password, and you will have to keep your seed words somewhere safe. If you ever loose them and remember it you will lose everything you’ve invested in.

Some users can benefit from decentralization in terms of security. Yet, most crypto investors will find hard to trade on them.

FINAL STATEMENT !

The best crypto exchanges need to have a little bit of everything that makes a crypto exchange great. There are unique attributes to every crypto exchange we reviewed in this article, but Binance’s all-around features put it ahead of its competitors. With 100+ coins and low fees, so we think that Binance (different from binance.US version) is the best crypto exchange.

However, if you’re a newbie looking to get your feet wet, Coinbase’s user-friendly interface should be your go-to. It’s perfect for crypto beginners.

No matter which cryptocurrency platform you choose, we hope you’ll find the best match for your individual needs!