Best Cryptocurrency Platforms

Best Cryptocurrency Platforms

This is a booming year for the cryptocurrency market. Unforeseen volatility in global financial markets is what drives the rise of cryptocurrency. Thus, this is high time to look into trusted cryptocurrency platforms with guaranteed security and great accessibility. We have compiled some of the best platforms available on this list:

Website Overall Rating Fees Reputation Supported
Binance
https://www.binance.com/en
9/10 Low High 150+ (BTC, ETH, NEO)
FTX
https://ftx.com/FTX US
https://ftx.us/
8.5/10 Low High 30+ (BTC, BNB, HT, OKB)

6 (BTC, BCH, LTC)

Bybit
https://www.bybit.com
8/10 Low High 20 (BTC, XRP, USDT)
Deribit
https://www.deribit.com/
7/10 Low High BTC
Cryptowatch
https://cryptowat.ch/
7/10 Varies High 100+ (BTC, DASH, DOGE, PPC)
Coinbase
https://www.coinbase.com/
7/10 High High 50+ (BTC, ETH, XRP)
Prime XBT
https://primexbt.com/
7/10 Low High 9 (BTC, LTC, EOS)
BitMEX
https://www.bitmex.com/
7/10 Varies High 7 (XBT, ADA, BCH, LTC)
Bittrex
https://global.bittrex.com/
7/10 Low High 200+ (BTC, USDT, BSV, ALGO)
Bitfinex
https://www.bitfinex.com/
6.5/10 Varies Average 100+ (BTC, LTC, XMR, NEO)
Huobi
https://www.huobi.vc/
6.5/10 Average Average 100+ (BTC, ETC, XMR, IOTA)
KuCoin
https://www.kucoin.com/
6/10 Low Above Average 200+ (BTC, XMR, ATOM, TRX)
Cex.io
https://cex.io/
6/10 Extremely High High 20 (ETH, XLM, XTZ)
Coinmama
https://www.coinmama.com/
6/10 High High 10 (BCH, ADA, XTZ)
eToro
https://www.etoro.com/
6/10 Low High 100+ (XLM, USDT, LINK)
Coinbase PRO (GDAX)
https://pro.coinbase.com/
6/10 Varies High 20+ (BCH, DASH, ETC, ZEC)
Kraken
https://www.kraken.com/
6/10 Low High 30+ (XDG, NANO, TRX)
Poloneix
https://poloniex.com/
6/10 Low Above average 15+ (BTC, USDC, USDT)
Bitstamp
https://www.bitstamp.net/
6/10 Low High 5 (BCH, ETH, LTC)
Gemini
https://gemini.com/wallet
6/10 Low Average 15+ (BTC, BAT, REP)
Changelly
https://changelly.com/
6/10 Low Above average 150+ (ETH, BNB, ZEC)
LocalBitcoin
https://localbitcoins.com/
5/10 None High BTC

Types of Cryptocurrency Trading Platforms: Exchanges and Terminals

Types of Cryptocurrency

A cryptocurrency exchange refers to any interface that allows you to trade crypto assets. On the other hand, terminals cover transactions other than exchanges.

We can easily classify exchanges as centralized or decentralized. The former, as the name suggests, has a central point or central hub which does all the work in a given operation. Decentralized utilizes peer-to-peer networks so that the information does not have to go through a single point.

What Is a Cryptocurrency Exchange?

Cryptocurrency exchange is referred to as a web-service that acts as a channel to exchange and trade cryptocurrencies.

Types of cryptocurrency exchanges:

  1. Pure exchanges – This refers to channels that do not consider traditional payment methods such as wire transfer or credit card.
  2. Brokers – Are dealer networks that trade pools of funds and/or cryptos, and pair them up for users to purchase.
  3. P2P – Allows participants in the market to directly interact and transact with one another.

What Is a Cryptocurrency Terminal?

Terminals accommodate a greater number of crypto transactions and deals aside from those covered by exchanges.

Methodology on How We Find the Best Platform

Get the best out of the crypto market and attain a profitable upper hand when you use some of the best cryptocurrency trading platforms that are currently available at your disposal. We evaluated each platform using these criteria.

Ease of Use

The ease of use refers to the accessibility of the platforms. In assessing each using this criterion, we observe the functions that users can access through the platform.

Privacy

We look into what kind of information the platforms are taking from their users. We also check if there are vulnerability issues when it comes to the security and protection of the privacy of users when using the platform.

Speed

Among anything, we highly value time. We evaluate the processing time of platforms in handling transactions. The faster, the better.

Fees

We compare the additional fees demanded by each platform to discern from which among them can users get the most out of their transactions..

Reputation

We seek credibility and integrity in the platforms that we review.

Limits

Platforms can apply limits on the number of transactions that users can do. We check if these limitations are justifiable and if these restrictions can still allow users to effectively and efficiently manage and make deals and transactions.

Top 22 Crypto Exchanges and Trading Platforms

Given these points for consideration, we have evaluated 22 cryptocurrency trading platforms and assessed their respective performance impartially.

Just note that this is not an exhaustive list of all trading platforms. But the catch is, those that are included in this list are guaranteed to hand you extensive service and reassuring security.

Binance FTX Bybit Deribit Cryptowatch
Exchange Type Crypto Derivatives Exchange Crypto Derivatives Exchange Crypto Derivatives Exchange Cryptocurrency Derivatives Exchange Terminal
Reliability High High High High Average
Deposit Methods Credit card, Cryptocurrency, Debit card, Bank transfer Wire transfer, Credit Card, Cryptocurrencies Cryptocurrency BTC Cash, Debit Cards, Credit Cards
Ease of use Fair Intermediate Advanced Advanced Intermediate
Privacy Fair High High High Extremely high
Verification Process Fast Fast None Fast Fast
Speed Above average Slow Fast Fast Varies
Deposit Fees Low None None None None
Withdrawal Fees Low $75 (<$10,000) 0.0005 BTC Maker-taker model None
Trading Fees 0.1% Min. of 0.02% 0.075% Maker-taker model Varies
Limits High to none High to none Low Low Varies
Geographical Restrictions None Not available in USA USA US Citizens None
Margin Trading Yes Yes Yes Yes Yes
Built-in Wallet Yes Yes Yes Yes No
CFD Instruments Yes Yes Yes Yes Yes
Reputation High High High High Yes
Overall Rating 9/10 8.5/10 8/10 7.5/10 7/10

1. Binance – For Altcoin

Binance

  • Site: https://www.binance.com/en
  • Country: Malta
  • Currencies: 40+ fiat
  • Commission: Low
  • Supported crypto: 150+ (BTC, ETH, NEO)
  • Ease of Use: Fair
  • Privacy: Fair
  • Speed: High
  • Fees: Low
  • Reputation: High
  • Limits: Varies

Binance remains the leading cryptocurrency exchange all over the world and secures the top spot in our list. Its innovative features and functions that cater to a myriad of services make it exceptional over other trading platforms. Users can avail bitcoins and altcoins with more than 40 fiat currencies, and the crypto industry is pumped with its proactive community.

  • Ease of Use – Its interface can be adjusted to Basic, Classic and Advanced screens to cater to users of different trading literacy levels.
  • Privacy – Binance collects basic information about users to get verified. User privacy remains uncompromised as it is written that the platform will not share it with any third party without a review from its legal case, and consent from the user.
  • Speed – Users can buy bitcoins and other 15 top cryptocurrencies in a snap using 40 of the most popular fiat currencies. This can be done through traditional payment methods such as bank transfers. It can also handle a large number of transactions with minimal traffic and process transactions within two hours.
  • Fees – Binance charges 0.1% cut of every trade it receives. Thus it stands as one of the cheapest platforms available. You can even lessen this through discount promos such as Binance Coin and referrals (up to 25%).
  • Reputation – Binance has earned great trust from its users. Following a hacking attack last March 2018, the exchange tightened its security and enabled two-factor authentication.

Limits – There are very minimal limits on user deposits and withdrawals. Limits are lifted once users are verified.

 PROS   CONS 
  • Easy to use
  • Wide range of cryptocurrencies
  • Fiat currency is supported
  • Bugs in mobile app
  • Slows down during high traffic
  • Limited customer support

2. FTX and FTX US – With Low Fees

Ftx

  • Site: https://ftx.com/, https://ftx.us/
  • Country: Antigua and Barbuda
  • Currencies: USD, CHF, etc.
  • Commission: Min. of 0.02%
  • Supported crypto: 30+ (BTC, BNB, HT, OKB), 6 (BTC, BCH, LTC)
  • Ease of Use: Intermediate
  • Privacy: High
  • Speed: Slow
  • Fees: Low
  • Reputation: High
  • Limits: High to none

FTX is famous for leveraged tokens as much as 101x. One of its innovative features is Quant Zone where users can generate their own trading bots.

FTX launched a U.S.-based cryptocurrency trading platform called FTX US in May 2020. It is worth noting that FTX US has separate order books from the main FTX exchange. But many features for both the exchanges are overlapping:

  • Ease of Use – PLatforms have an advanced and versatile user interface. They are designed with great simplicity and efficiency. However, beginners might need assistance when browsing the platform for the first time.
  • Privacy – User verification is also needed in both instances.
  • Speed – The exchange only processes wire transfers on weekday evenings. USD wire transfers can take up to one weekday, while non-USD transfers can take even longer.
  • Fees – Trading fees are divided into 6 tiers calculated through your running 30-day trading volume.
  • Reputation – Both enforce web security through the use of SSL certificates that can also prevent DDOS attacks and online hacks.

Limits – Lastly, they manage three tiers of accounts which dictate the limits of users. Tier 3, being the highest, has access to unlimited fiat withdrawals. Thus to enjoy unrestricted services, you must get your account verified.

 PROS   CONS 
  • Low trading fees
  • Offers highest leverages up to 101x
  • Variety of asset classes and cryptocurrencies
  • Slow transaction processing
  • Does not disclose security measures to owners

3. Bybit – With Leverage

Bybit

  • Site: https://www.bybit.com/
  • Country: Singapore
  • Currencies: USD
  • Commission: Varies
  • Supported crypto: 20 (BTC, XRP, USDT)
  • Ease of Use: Advanced
  • Privacy: High
  • Speed: Fast
  • Fees: Low
  • Reputation: High
  • Limits: Low

Bybit is famous for its 100:1 leverage on perpetual futures products. Over the course of years, it has managed to multiply its liquidity, making this a top consideration for some traders.

  • Ease of Use – It has a powerful and well-designed interface that is straightforward to navigate. However, it is filled with advanced options that can be too much to handle for beginners.
  • Privacy – This platform is perfect for anonymity as it does not ask users for any personal information.
  • Speed – The exchange can manage up to 100,000 transactions per second.
  • Fees – Bybit follows a “maker-taker” fee model. When users take liquidity off their books, they will be charged; while when they make liquidity, they will be given rebates.
  • Reputation – Bybit stands on good reputation due to its effective security measures. It utilizes cold storage that acts as a secure inventory of clients’ funds. This exchange also operates in full SSL encryption to evade attacks.

Limits – Withdrawal limits apply because a major portion of funds is in cold wallets. You will wait to get your hot wallet refilled.

 PROS   CONS 
  • Responsive customer support
  • Integrated Asset Exchange allows users to switch between different cryptocurrencies (fees apply)
  • No fiat support

4. Deribit – For Futures and Options Exchange

Deribit

  • Site: https://www.deribit.com/
  • Country: Netherlands
  • Currencies: None
  • Commission: Varies
  • Supported crypto: BTC
  • Ease of Use: Advanced
  • Privacy: High
  • Speed: Fast
  • Fees: Low, but many
  • Reputation: High
  • Limits: Low

Deribit offers leverage as high as 1:20 in trading futures. It is also one of the rare platforms that provide Bitcoin options.

  • Ease of Use – A diverse set of functions are laid out in a clean, sophisticated interface.
  • Privacy – Does not require users to submit verification documents.
  • Speed – Its average order execution delay is only 6.1 milliseconds.
  • Fees – Aside from the futures contract price of $10 apiece, there is a Maker fee amounting to 0.02% and a taker fee of 0.05%. A cost of 0.04% is applied for options trading.
  • Reputation – Deribit has a clean record.

Limits – The exchange has low limits up to 1 BTC daily. Users can enjoy higher limits upon completing the demanded verification.

 PROS   CONS 
  • Real-time liquidation and risk management
  • Fund insurance protection
  • Limited deposit method

5. Cryptowatch – For Trading Signals

Cryptowatch

  • Site: https://cryptowat.ch/
  • Country: USA
  • Currencies: USD
  • Commission: Subscription fees
  • Supported crypto: 100+ (BTC, DASH, DOGE, PPC)
  • Ease of Use: Intermediate
  • Privacy: Extremely High
  • Speed: Varies
  • Fees: Varies
  • Reputation: High
  • Limits: Varies

Cryptowatch is a cryptocurrency terminal that delivers up-to-date real-time reports and data from over 150 world cryptocurrency markets.

  • Ease of Use – The interface of the website is plain and direct. It is easy to navigate.
  • Privacy – It collects user and trading data securely through military-rated AES256 encryption.
  • Speed – The speed of the platform depends on the plan you are subscribed to.
  • Fees – It operates under a three-tier pricing plan ranging from $0 to $75 a month.
  • Reputation – This platform is known for its topnotch performance and stringent security.

Limits – The basic plan has 5GB allotted per month while Pro has 75GB per month.

 PROS   CONS 
  • Military-grade encryption
  • Accurate trading signals
  • Unwavering performance
  • Analyze charts with popular tools and indicators
  • Interface looks dated
  • Not multi-interface

6. Coinbase – For Beginners

Coinbase

  • Site: https://www.coinbase.com/
  • Country: USA
  • Currencies: USD/EUR
  • Commission: Varies
  • Supported crypto: 50+ (BTC, ETH, XRP)
  • Ease of Use: Easy
  • Privacy: Low
  • Speed: Above Average
  • Fees: High
  • Reputation: Trusted
  • Limits: Average
Additional info
  • Exchange Type: Global Digital Asset Exchange (GDAX)
  • Deposit Methods: Bank account, debit card, wire transfer, PayPal
  • Verification Process: Above average
  • Deposit Fees: Varies
  • Withdrawal Fees: Varies
  • Trading Fees: Varies
  • Geographical Restrictions: Minimal
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Coinbase is notable for its great functionality and accessibility. Coinbase serves as a Bitcoin exchange and wallet provider.

  • Ease of Use – Coinbase has an intuitive and beginner-friendly interface.
  • Privacy – It’s obligated to report some of its users’ information to regulatory bodies.
  • Speed – It has patented a feature of allowing users to send bitcoin to the recipient’s email address.
  • Fees – For transactions under $200, a minimum fee is applied.
  • Reputation – Coinbase is widely known for its legitimacy.

Limits – Limits vary depending on the status of the account.

 PROS   CONS 
  • Easy to use
  • Wide range of currencies
  • Insured assets
  • Fiat currency is supported
  • Verification process can take a while
  • Some features are limited to Bitcoin

7. Prime XBT – Without Verification

PrimeXBT

  • Site: https://primexbt.com/
  • Country: Seychelles
  • Currencies: USD, GBP, EUR, etc.
  • Commission: 0.01% – 0.05%
  • Supported crypto: 9 (BTC, LTC, EOS)
  • Ease of Use: Advanced
  • Privacy: High
  • Speed: Fast
  • Fees: 0.01% – 0.05%
  • Reputation: High
  • Limits: None
Additional info
  • Exchange Type: Cryptocurrency derivatives exchange
  • Deposit Methods: Direct BTC deposits/alternative deposits
  • Verification Process: None
  • Deposit Fees: None
  • Withdrawal Fees: 0.0005 BTC
  • Trading Fees: 0.01% – 0.05%
  • Geographical Restrictions: Minimal
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Prime XBT is a top choice for margin trading since it offers leveraged trading for a number of different assets. It also encompasses 6 cryptocurrency pairs with a max leverage of 100x.

  • Ease of Use – The platform has a simple and straightforward interface.
  • Privacy – It has full SSL encryption.
  • Speed – Prime XBT has a relatively fast transaction speed.
  • Fees – It demands trade fee (for entering position) and overnight fee (for financing position overnight).
  • Reputation – It is known to implement security measures such as user authentication to prevent hackers and fraud.

Limits – There are no withdrawal limits; however, limits on transactions are imposed depending on asset liquidity, volatility and market indicators.

 PROS   CONS 
  • Simple and clear interface
  • Lower fees
  • Has mobile app
  • Great customer service
  • No fiat currency support

8. BitMEX – For Margin Trading

Bitmex

  • Site: https://www.bitmex.com/
  • Country: Seychelles
  • Currencies: None
  • Commission: Maker-taker model
  • Supported crypto: 7 (XBT, ADA, BCH, LTC)
  • Ease of Use: Advanced
  • Privacy: Above average
  • Speed: Fast
  • Fees: Maker-taker model
  • Reputation: Above average
  • Limits: None
Additional info
  • Exchange Type: Cryptocurrency derivatives exchange
  • Deposit Methods: Cryptocurrency
  • Verification Process: None
  • Deposit Fees: None
  • Withdrawal Fees: None
  • Trading Fees: Maker-taker model
  • Geographical Restrictions: USA
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

BitMEX is a derivative trading platform that mainly highlights margin trading. Instead of trading cryptocurrencies, you can trade contracts that correspond to a cryptocurrency price.

  • Ease of Use – The user interface is quite intuitive so long as you’re familiar with margin and derivative trading.
  • Privacy – It has privacy issues after it revealed registered users’ email back in October 2019.
  • Speed – The platform is responsive and handles transactions well.
  • Fees – BitMEX fees are low and vary according to the cryptocurrency you are trading in.
  • Reputation – There are still doubts about BitMEX because of the leakage.

Limits – There are no limits on withdrawals and trades.

 PROS   CONS 
  • Advanced margin trading services
  • Transparent operation
  • Not for beginners
  • No fiat deposits/withdrawals

9. Bittrex – For User-Friendly Interface

Bittrex

  • Site: https://global.bittrex.com/
  • Country: USA
  • Currencies: USD
  • Commission: 0.25%
  • Supported crypto: 200+ (BTC, USDT, BSV, ALGO)
  • Ease of Use: Easy
  • Privacy: High
  • Speed: Fast
  • Fees: 0.25%
  • Reputation: High
  • Limits: Varies
Additional info
  • Exchange Type: Cryptocurrency derivatives exchange
  • Deposit Methods: Wire transfer
  • Verification Process: None
  • Deposit Fees: None
  • Withdrawal Fees: None
  • Trading Fees: 0.25%
  • Geographical Restrictions: North Korea, Iran, Syria
  • Margin Trading: None
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Bittrex is a US-based exchange trading platform. Aside from the multitude of currencies allowed for spot trading, it underscores user security.

  • Ease of Use – Has a simple interface that allows for quick loading times.
  • Privacy – It has no disclosure of user information.
  • Speed – Has speedy and stable transactions.
  • Fees – Has relatively higher fees.
  • Reputation – It has been praised for its security and has a clean record.

Limits – It has withdrawal limits on unverified users.

 PROS   CONS 
  • Great for beginners
  • Fast transaction
  • Lacks customer support

10. Bitfinex – For High Liquidity

Bitfinex

  • Site: https://www.bitfinex.com/
  • Country: Hong Kong
  • Currencies: EUR, JPY, GBP, USD
  • Commission: Maker-taker model
  • Supported crypto: 100+ (BTC, LTC, XMR, NEO)
  • Ease of Use: Easy
  • Privacy: Above average
  • Speed: Fast
  • Fees: Taker-maker model
  • Reputation: Average
  • Limits: None, if verified
Additional info
  • Exchange Type: Cryptocurrencies exchange platform
  • Deposit Methods: Wire transfer, cryptocurrency
  • Verification Process: Fast
  • Deposit Fees: 0.1%
  • Withdrawal Fees: 0.1%
  • Trading Fees: Taker-maker model
  • Geographical Restrictions: USA, Bangladesh, Bolivia, Ecuador, Kyrgyzstan
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Bitfinex is hailed by users as the most liquid exchange trading platform since it allows traders to sell and buy cryptocurrencies from a large volume of markets.

  • Ease of Use – The interface is friendly and even customizable, increasing its functionality.
  • Privacy – It tracks behavioral patterns and manual inspections on unusual and malicious withdrawals.
  • Speed – Withdrawals can take up to 12 hours to be processed.
  • Fees – It follows a maker-taker model starting from 0.2% for takers and can ebb as low as 0%.
  • Reputation – It is able to redeem its reputation from previous attacks when it revamped its security.

Limits – Verified users are not subjected to any limitations.

 PROS   CONS 
  • Friendly UI
  • Good customer support
  • Advanced trading platform tools
  • Has fiat support
  • Bugs in login
  • Fees are relatively high
  • Fears in security

11. Huobi

Huobi

  • Site: https://www.huobi.vc/
  • Country: China
  • Currencies: USD
  • Commission: 0.2%
  • Supported crypto: 100+ (BTC, ETC, XMR, IOTA)
  • Ease of Use: Easy
  • Privacy: Low
  • Speed: Slow
  • Fees: 0.2%
  • Reputation: Average
  • Limits: Undetermined
Additional info
  • Exchange Type: Cryptocurrencies exchange platform
  • Deposit Methods: Bank transfer, cryptocurrency
  • Verification Process: Multilayered
  • Deposit Fees: None
  • Withdrawal Fees: None
  • Trading Fees: 0.2%
  • Geographical Restrictions: None
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Huobi is a cryptocurrency exchange platform that mainly dominates Asian industries.

  • Ease of Use – It has a smooth and fast user interface.
  • Privacy – It faced allegations of wash trading to inflate the volume of membership, which can harm user privacy.
  • Speed – Some traders experience delays.
  • Fees – It follows a competitive 0.2% fee on both makers and traders. Members enjoy a 65% reduction on fees.
  • Reputation – It continues to impress users with its responsive customer support.
  • Limits – Transaction limits apply with the hot wallets of the platform.
 PROS   CONS 
  • Responsive customer service
  • Has User Protection Fund
  • Has mobile app
  • Allegations of wash trading

12. KuCoin

Kucoin

  • Site: https://www.kucoin.com/
  • Country: Hong Kong
  • Currencies: USD, EUR, & 20+
  • Commission: 0.1%
  • Supported crypto: 200+ (BTC, XMR, ATOM, TRX)
  • Ease of Use: Easy
  • Privacy: Above average
  • Speed: Average
  • Fees: 0.1%
  • Reputation: Above average
  • Limits: Low-High
Additional info
  • Exchange Type: Cryptocurrency exchange
  • Deposit Methods: Credit card, cryptocurrency, debit card
  • Verification Process: Above average
  • Deposit Fees: None
  • Withdrawal Fees: Varies
  • Trading Fees: 0.1%
  • Geographical Restrictions: Restricted in certain countries
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

KuCoin is able to develop its own rewards currency, KuCoin Shares (KCS), giving holders a 1% discount on trading fees. It also offers an exceptionally wide range of cryptocurrencies.

  • Ease of Use – The interface itself is easy to navigate. However, English language support is sometimes limited, making it hard to comprehend content.
  • Privacy – Minimal personal information is needed simply for the sake of verification.
  • Speed – Services may be delayed, especially during high traffic hours.
  • Fees – Fair and reasonably lower than other exchanges, fixed at 0.1%. Withdrawal fees may vary.
  • Reputation – It is established as an early adopter pertaining to the ability of buyers to hold coins while they are still cheap.

Limits – KYC verified users enjoy a higher daily withdrawal limit ranging from 2 BTC (unverified) to 100 BTC (verified).

 PROS   CONS 
  • Additional Incentives
  • Lower fees
  • Clean APIs
  • High traffic periods
  • Lacks English Language support

13. Cex.io

Cex.io

  • Site: https://cex.io/
  • Country: London
  • Currencies: USD, EUR, GBP, RUB
  • Commission: Additional fees
  • Supported crypto: 20 (ETH, XLM, XTZ)
  • Ease of Use: Easy
  • Privacy: Above average
  • Speed: Fast
  • Fees: Extremely High
  • Reputation: High
  • Limits: Varies
Additional info
  • Exchange Type: Cryptocurrency exchange
  • Deposit Methods: Credit / debit card, wire transfers, domestic bank transfer
  • Verification Process: Fast
  • Deposit Fees: None
  • Withdrawal Fees: 3%
  • Trading Fees: 0.25%
  • Geographical Restrictions: Restricted to several countries
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

CEX.io expanded to a platform that allows users to buy cryptocurrency easily through credit card, wire transfer, SEPA/ACH transfer. It serves as both a trading platform and brokerage service.

  • Ease of Use – The user interfaces in both the mobile app and the webpage are well designed.
  • Privacy – It follows KYC standards.
  • Speed – It can process most credit card purchases instantly.
  • Fees – Trading fees are at a record-low 0.25%; however, brokerage trade can reach as expensive as 7%.
  • Reputation – It is a registered and legitimate company.

Limits – Depends on user verification. Verified accounts can purchase up to $1000 worth/day.

 PROS   CONS 
  • User-friendly interface
  • Decent liquidity
  • Limited trading options
  • Expensive fees

14. Coinmama

Coinmama

  • Site: https://www.coinmama.com/
  • Country: Israel
  • Currencies: USD
  • Commission: High fees
  • Supported crypto: 10 (BCH, ADA, XTZ)
  • Ease of Use: Easy
  • Privacy: Average
  • Speed: Fast
  • Fees: High
  • Reputation: High
  • Limits: Varies
Additional info
  • Exchange Type: Cryptocurrency exchange
  • Deposit Methods: Credit / debit card, wire transfers, domestic bank transfer
  • Verification Process: Fast
  • Deposit Fees: None
  • Withdrawal Fees: 3%
  • Trading Fees: 0.25%
  • Geographical Restrictions: Restricted to several countries
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Coinmama is a brokerage service that allows you to buy crypts through alternative payment methods.

  • Ease of Use – The platform is easy to navigate.
  • Privacy – It requires a lot of personal information for verification.
  • Speed – Verification process is long.
  • Fees – Can amount to 5.9%, which is considered as high.
  • Reputation – It strongly adheres to the provisions of KYC and AML

Limits – The minimum Bitcoin purchase you can make is 60 USD. Daily buying limit for starters at 5000 USD. Limits go higher as you get verification.

 PROS   CONS 
  • Fast and simple
  • 24/7 help center
  • User-friendly platform
  • Expensive fees
  • Long verification process

15. eToro

eToro

  • Site: https://www.etoro.com/
  • Country: Cyprus, Israel
  • Currencies: USD
  • Commission: None
  • Supported crypto: 100+ (XLM, USDT, LINK)
  • Ease of Use: Easy
  • Privacy: Above average
  • Speed: Slow
  • Fees: Low
  • Reputation: High
  • Limits: Maximum deposit
Additional info
  • Exchange Type: Brokerage
  • Deposit Methods: Credit / debit cards, wire transfers, cryptocurrencies
  • Verification Process: Slow
  • Deposit Fees: None
  • Withdrawal Fees: $5
  • Trading Fees: None
  • Geographical Restrictions: Strong worldwide support
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

eToro established social trading that surpassed traditional money management and trading industries.

  • Ease of Use – It offers a user-friendly and visually pleasing trading platform. Social trading is also supported, as well as customizability.
  • Privacy – It requires minimal documents.
  • Speed – Withdrawal processing can consume about 3-8 working days.
  • Fees – Offers zero-commission real stock trading.
  • Reputation– It imposes added security.

Limits – Has a maximum deposit amount of $10,000 per day.

 PROS   CONS 
  • Free stock and ETF trading
  • Easy account opening
  • High forex fees

16. Coinbase Pro (GDAX)

Coinbase Pro

  • Site: https://pro.coinbase.com/
  • Country: USA
  • Currencies: USD
  • Commission: Maker – 0-0.50%, taker – 0.04-0.50%
  • Supported crypto: 20+ (BCH, DASH, ETC, ZEC)
  • Ease of Use: Advanced
  • Privacy: Above Average
  • Speed: Average
  • Fees: Low
  • Reputation: High
  • Limits: None
Additional info
  • Exchange Type: GDAX
  • Deposit Methods: Wire transfer
  • Verification Process: Poor
  • Deposit Fees: $10
  • Withdrawal Fees:
  • Trading Fees: Maker-taker model
  • Geographical Restrictions: Hawaii
  • Margin Trading: No
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Coinbase PRO is an alternative exchange platform for more skilled and experienced traders. Although it only offers Spot trading, it is lauded for its low fees and trading signal features.

  • Ease of Use – It includes basic functions.
  • Privacy – It stores a valuable amount of personal information from users.
  • Speed – Bank transfer deposits can take up to 3-5 business days.
  • Fees – Has low fees ranging from 0% to 0.50%.
  • Reputation – It’s supported by legalizing documents and licenses to operate.

Limits – Deposits are unlimited, and you can trade to your heart’s content since there are no restrictions.

 PROS   CONS 
  • No limitations
  • Low fees
  • Transactions can take a while
  • Negative customer service reviews

17. Kraken

Kraken

  • Site: https://www.kraken.com/
  • Country: United States
  • Currencies: USD, EUR, etc.
  • Commission: 0.16-0.25%
  • Supported crypt: 30+ (XDG, NANO, TRX)
  • Ease of Use: Advanced
  • Privacy: Above average
  • Speed: Above average
  • Fees: Low
  • Reputation: High
  • Limits: Varies
Additional info
  • Exchange Type: Cryptocurrency exchange
  • Deposit Methods: Wire transfers, cryptocurrency
  • Verification Process: Average
  • Deposit Fees: None
  • Withdrawal Fees: None
  • Trading Fees: 0.16-0.25%
  • Geographical Restrictions: Afghanistan
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Kraken is a platform of an exhaustive and extensive list of different trading options, including placing the usual limit orders and stop-loss orders.

  • Ease of Use – It’s suited for advanced and professional traders.
  • Privacy – It only asks simple personal information for verification.
  • Speed – Transactions are processed in an instant.
  • Fees – It charges on a per-trade basis ranging from 0.16% (markers) and 0.25% (takers).
  • Reputation – It is clean of hacking records.

Limits – Deposit and withdrawal limits correspond to the level of your account. Limits are calculated separately for cryptocurrencies and fiat.

 PROS   CONS 
  • Low fees
  • High liquidity
  • Strong security measures
  • No card deposits

18. Poloniex

Poloniex

  • Site: https://poloniex.com/
  • Country: USA
  • Currencies: None
  • Commission: Maker-taker model
  • Supported crypto: 15+ (BTC, USDC, USDT)
  • Ease of Use: Easy
  • Privacy: Above average
  • Speed: Fast
  • Fees: Low
  • Reputation: Above average
  • Limits: Varies
Additional info
  • Exchange Type: Centralized cryptocurrency exchange
  • Deposit Methods: Cryptocurrency
  • Verification Process: Fast
  • Deposit Fees: None
  • Withdrawal Fees: None
  • Trading Fees: Maker-taker model
  • Geographical Restrictions: Cuba among others
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Users can access margin trading through Poloniex with a leverage reaching 2.5x for certain pairs.

  • Ease of Use – It comes with a simple, well-designed interface.
  • Privacy – This exchange has a straightforward and direct verification process.
  • Speed – This table is able to deal with most transactions, not taking more than 24 hours.
  • Fees – It follows a maker-taker model that amounts to 0.09% (both maker and taker).
  • Reputation – It suffered a history of hacking.

Limits – There are limits on withdrawals in trade and on margin.

 PROS   CONS 
  • Lending option
  • User-friendly interface
  • Poor customer help

19. Bitstamp

Bitstamp

  • Site: https://www.bitstamp.net/
  • Country: Luxembourg
  • Currencies: USD, EUR
  • Commission: 0.10-0.25%
  • Supported crypto: 5 (BCH, ETH, LTC)
  • Ease of Use: Intermediate
  • Privacy: Above Average
  • Speed: Slow
  • Fees: Low
  • Reputation: High
  • Limits: Varies
Additional info
  • Exchange Type: Cryptocurrency exchange platform
  • Deposit Methods: Wire transfer, cryptocurrency
  • Verification Process: Slow
  • Deposit Fees: 0.05%
  • Withdrawal Fees: 0.05%
  • Trading Fees: 0.10-0.25%
  • Geographical Restrictions: Wide support
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Bitstamp is already dubbed as a veteran and a highly respected cryptocurrency exchange platform in the industry. It is best suited for traders located in the EU.

  • Ease of Use – Its web-based platform is well laid out and relatively easy to navigate.
  • Privacy – It adheres to KYC regulations.
  • Speed – Transactions are generally processed within 1-3 days.
  • Fees – Trading fees are reasonable and depend on the trading volume.
  • Reputation – It already has a great long-term reputation.

Limits – There are no deposit limits for verified users.

 PROS   CONS 
  • Has fiat support
  • Highly reputable
  • Limited altcoin

20. Gemini

Gemini

  • Site: https://gemini.com/wallet
  • Country: USA
  • Currencies: USD
  • Commission: Maker-taker model
  • Supported crypto: 15+ (BTC, BAT, REP)
  • Ease of Use: Easy
  • Privacy: Low
  • Speed: Fast
  • Fees: Low
  • Reputation: Average
  • Limits: Low
Additional info
  • Exchange Type: BTC and ETH exchange
  • Deposit Methods: Wire transfer
  • Verification Process: Fast
  • Deposit Fees: None
  • Withdrawal Fees: None
  • Trading Fees: Maker-taker model
  • Geographical Restrictions: Strong worldwide support
  • Margin Trading: No
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Gemini is a renowned Bitcoin and Ether exchange platform. Last April 2013, they invested $11 million and, at present, it multiplied to a total of $1 billion.

  • Ease of Use – The interface is user-friendly and well-designed.
  • Privacy – It demands a lot of personal information.
  • Speed – Transactions are easy to process.
  • Fees – It follows a maker-taker fee over a 30-day accumulation volume.
  • Reputation – This strictly follows the standards of AML and KYC.
  • Limits – There is a fixed limit on the amount you can transfer ($500 per day) and a withdrawal limit of $10,000 per day.
 PROS   CONS 
  • Additional security measures
  • Lower fees
  • User-friendly interface
  • Privacy issues due to regulations

21. Changelly

Changelly

  • Site: https://changelly.com/
  • Country: Hong Kong
  • Currencies: USD
  • Commission: 0.25%
  • Supported crypto: 150+ (ETH, BNB, ZEC)
  • Ease of Use: Easy
  • Privacy: High
  • Speed: Fast
  • Fees: Low
  • Reputation: Above average
  • Limits: Low
Additional info
  • Exchange Type: Cryptocurrency exchange service
  • Deposit Methods: Credit cards, cryptocurrencies
  • Verification Process: Fast
  • Deposit Fees: Varies
  • Withdrawal Fees: 0.0001 BTC
  • Trading Fees: 0.25%
  • Geographical Restrictions: Strong worldwide support
  • Margin Trading: Changelly PRO
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

Changelly provides popular altcoins for crypto exchange, having the best price for you.

  • Ease of Use – Chanelly is much simpler and intuitive than other platforms.
  • Privacy – Address is the only required information from users.
  • Speed – High traffic in the platform can lead to delay in transactions.
  • Fees – It has a transparent fee of 0.25%.
  • Reputation – There is no record of theft or scams.

Limits – First transaction is limited from $50-$10,000; $20,000 (daily); $50,000 (monthly).

 PROS   CONS 
  • Best rates in the market
  • Fast transactions
  • Can be slow

22. LocalBitcoin

LocalBitcoin

  • Site: https://localbitcoins.com/
  • Country: Finland
  • Currencies: USD
  • Commission: None
  • Supported crypto: BTC
  • Ease of Use: Easy
  • Privacy: Above average
  • Speed: Average
  • Fees: None
  • Reputation: High
  • Limits: Low
Additional info
  • Exchange Type: P2P exchange
  • Deposit Methods: Cash, wire transfer, cryptocurrency
  • Verification Process: Fast
  • Deposit Fees: Varies
  • Withdrawal Fees: None
  • Trading Fees: None
  • Geographical Restrictions: Strong worldwide support
  • Margin Trading: Yes
  • Built-in Wallet: Yes
  • CFD Instruments: Yes

LocalBitcoin has a unique feature as this platform has direct communication among sellers and buyers.

  • Ease of Use – The platform is easy to navigate and is patterned after direct selling sites.
  • Privacy – It employs extra security measures on user accounts.
  • Speed – Transactions are generally completed within 1-2 days.
  • Fees – Great thing about this is it charges zero for transaction fees. Advertisement fees of 1% are optional.
  • Reputation – Its good reputation stems from its secure trading features.
  • Limits – Limits depend on the user verification level (T0-T3).
 PROS   CONS 
  • Wide fiat support
  • Flexible payment methods
  • Annual computation of limits

How to Choose the Best Platform That Suits Your Needs

The basic parameters we have provided in our criteria are some of the most important considerations when choosing a trading platform. To remind you, those included:

  • Ease of use
  • Privacy
  • Speed
  • Fees
  • Reputation
  • Limits

Other considerations are as follows.

Emergency Funds

When a platform has emergency funds, this is considered an added benefit. This means that in case the platform encounters theft and malicious attacks, they can compensate the money users might lose.

Traffic Capacity

Platforms must have a big capacity to handle transactions to avoid delay during peak trading hours, where many users are active.

Best Crypto Trading Platforms: Summary

Platform Easy of use Privacy Speed Fees Reputation Limits Overall
Binance – For Altcoin Fair Fair High Low High Varies 9/10
FTX – For Low Fees Intermediate High Low Low High Varies 8.5/10
Bybit – With Leverage Advanced High High Low High Low 8/10

 FAQ 

What Kind of Exchange Do You Need?
You need to know what kind of exchange you want to acquire before making a transaction. If you want guaranteed transactions even if it means paying more, go for brokers. If you want cost-efficient trading, you can try P2P exchanges.
What Are the Best Trading Terminals?
Cryptowatch is a great trading terminal mentioned in the list. You can also check out popular terminals such as TradeStation (Best platform technology).
Which Cryptocurrency Trading Platforms Allow the Use of Bots?
FTX has a unique feature of allowing users to code their own trading bot. Most platforms have bot support to manage trading better.
How to Check Exchanges Fees and Rates?
It is recommended to go directly to the site of the platform. Exchanges often adopt a tiered structure that depends on the amount being traded. So, it will vary based on your personal 30-day trading volume.
What Is the Difference Between Crypto Exchange and Crypto Broker?
Crypto exchange is where buyers and sellers trade cryptocurrencies within the crypto market price. Crypto brokers transfer client funds to a dealer network that seeks traders that can make profitable exchanges.

Exchanges

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