Button Up

Best Crypto Exchanges

updated:
18. June 2022
ALSO CONSIDER:
Best Crypto Hardware WalletsBest Crypto Credit Cards

In this article, we will introduce the Best Crypto Exchanges that we tested for our crypto trading, some of which we use daily.

The popularity of cryptocurrencies has grown drastically over the last few years. As a result, more and more users, beginners, and experienced traders are looking for their favorite crypto exchange.

We prepared the list of the 11 best crypto exchanges. We looked into the token availability, security, main features, ease of use, and other essential aspects of choosing your crypto exchange.

Weirdo.Rocks team uses multiple crypto exchanges daily, so we are excited to present our main findings and the pros and cons of the best available crypto exchanges.

Best Crypto Exchanges

  • Competitive trading fees
  • Great for beginners
  • Great mobile app
  • Crypto Staking
Coins/Trading Pairs

65/174

Deposit Methods

Cryptocurrency, Bank transfer, Credit or Debit Card, SEPA

  • Extremely secure and compliant
  • Free fiat withdrawals and ten free crypto withdrawals per month
  • User-friendly interface
  • Licensed and regulated by NYSDFS
  • Interest-Earning without staking up to 8.05% APY
Coins/Trading Pairs

101/128

Deposit Methods

Wire transfer, Debit card, Bank transfer (ACH)

  • Monthly compounded interest
  • Very flexible on the length of crypto-backed loans
  • No credit score check
  • Phone support
Coins/Trading Pairs

40

Deposit Methods

ACH, Wire Transfers

  • Many cryptos and Fiat currencies available
  • Fiat interest account
  • High rates on interest accounts
  • No credit score check
  • Daily compounding interest
  • Flexible lock-in period
Coins/Trading Pairs

78/300

Deposit Methods

Cryptocurrency, Credit/Debit card, Bank Transfer

  • Large selection of hard-to-find coins
  • Futures and derivatives trading
  • Standard and advanced trading platforms
  • Discounts when holding BMX
  • NFT Marketplace
Coins/Trading Pairs

654/730

Deposit Methods

Cryptocurrency, Credit/Debit Card and PayPal

  • stable regulatory compliance
  • margin and futures
  • well established and trustworthy
  • great security
Coins/Trading Pairs

192/609

Deposit Methods

Bank transfer, cryptocurrency, SWIFT, wire transfer, SEPA,Apple and Google Pay

  • Low Fees
  • Up to 100 x leverage
Coins/Trading Pairs

234/293

Deposit Methods

Credit/Debit Card Payment, Third-Party Payment, P2P Trading

  • User-friendly and simple user interface
  • Diverse and consistently updated choice of coins
  • Advanced trading platform available
  • High liquidity and strong capitalization
  • Supports all major payment methods

Coins/Trading Pairs

211/521

Deposit Methods

Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay

  • Supports all major cryptocurrencies
  • Visa card allowing to spend crypto assests and earn rewards
  • Great for crypto payments
  • Earn interest on crypto
Coins/Trading Pairs

224/390

Deposit Methods

Cryptocurrency, Credit card, PayPal, TransferWise, SEPA

  • Largest crypto exchange in the world based on trade volume
  • Extremely low fees of 0.1% (further discountable)
  • Mobile app available for iOS and Android
  • Over 350 cryptocurrencies are available
  • Additional features such as staking, NFT marketplace, margin trading, futures trading
Coins/Trading Pairs

362/1462

Deposit Methods

Bank transfer (ACH)

  • Large crypto exchange with over 10 million users worldwide
  • Extremely low fees of 0.1% with a further 20% discount if you pay with KCS
  • Mobile app available for iOS and Android
  • Around 600 Coins are available
  • Additional features such as crypto lending, free trading bots, margin trading, futures trading
Coins/Trading Pairs

705/1261

Deposit Methods

Cryptocurrency, SEPA, PayPal, Wire transfer, Credit/Debit Card

KuCoin: Best Overall

Quick Overview

KuCoin was founded in Hong Kong but later moved to Singapore due to regulations.

They have a competitive fee structure and daily trading volume of around 925.69 million USD.

It supports crypto and derivates trading and has features similar to the ones on Binance. Their unique feature is their trading bot that you can use for free and allows you to automate your crypto trading. The supported strategies are Spot-Grid, Dollar-Cost-Averaging, Futures Grid, Smart Rebalance, and Infinity Grid.

KuCoin is a crypto-only exchange, meaning you can only buy and sell crypto-to-crypto. They, however, offer a large number of trading pairs.

The signup process is simple; you only need your email address or phone number. This way, you skip the lengthy verification process that other exchanges usually have and can start using your KuCoin immediately.

The US customers can access and use the trading platform; however, they are not licensed in the US.

Pros
  • Large crypto exchange with over 10 million users worldwide
  • Extremely low fees of 0.1% with a further 20% discount if you pay with KCS
  • Mobile app available for iOS and Android
  • Around 600 Coins are available
  • Additional features such as crypto lending, free trading bots, margin trading, futures trading
Cons
  • Cannot withdraw fiat currencies

Trading Fees

On KuCoin, you don't have a fiat account, so you can deposit via buying a stablecoin or any available digital currency. Partly because of that, the fees on KuCoin are also lower than other exchanges.

Trading fees are based on a 30 days trading volume and different levels.

They offer a special discount on trading fees when holding their native coin, KuCoin Shares (KCS). They start at 0.1% maker and taker fee and go down to 0.0125% maker and 0.03% taker fee for more than 20,000 BTC 30-day trading volume and hold 150,000 KCS.

The maximum trading fee discount is 30%.

Why do we like KuCoin?

KuCoin has a great selection of supported tokens that you can trade at low fees. In addition, they have an excellent safety reputation and offer a complex dashboard for experienced traders.

For beginners, the experience could be a bit overwhelming when starting. On top of that, they are a crypto-only platform, so not so ideal for someone who would like to begin with depositing fiat money.

Coinbase: Best for Beginners

Quick Overview

Coinbase was founded in 2012 in the United States and is one of the most popular US cryptocurrency exchanges to buy, sell, and trade Bitcoin and other cryptocurrencies. It has an easy-to-use interface, so it's especially popular with everyone just entering the crypto space.

The fees can add up and are higher compared to other exchanges.

At the moment they offer a Pro version which is more attractive for advanced crypto investors. However, they are in the process of sunsetting it and replacing it with unified platform Advanced Trade an upgrade from Coinbase Pro. You can trade over 200 currencies, exclusively cryptocurrencies. The fees on Pro are slightly lower but less beginner friendly.

Coinbase has good security in place. You need to go through the KYC process when signing up and account verification. In addition, they have 2-Factor-Authentication (2F), a minimum security measure for every serious financial service.

As an additional security measure, Coinsbase claims to hold 98% of crypto funds in cold storage,

They have an excellent mobile app for easy mobile trading and Visa cards for all US citizens except Hawaii. You can get up to 4% cashback using a Coinbase card, and it has no annual fees.

Pros
  • User-friendly and simple user interface
  • Diverse and consistently updated choice of coins
  • High liquidity and strong capitalization
  • Supports all major payment methods
Cons
  • High per-transaction fees up to $2.99 per trade
  • 0.50% spread built into most asset prices
  • Not possible to buy NFTs or Derivatives

Trading Fees

The taker fee is between 0.05% and 0.60%, and the maker fee is between 0.00% and 0.40%. There are no fees for using a Coinbase Pro account.

Deposit Fees

ACH: Free, Wire (USD): 10 USD, SEPA (EUR): 0.15 EUR, Swift (GBP): Free

Withdrawal Fees

ACH: Free, Wire (USD): 25 USD, SEPA (EUR): 0.15 EUR, Swift (GBP): 1 GBP

Why do we like Coinbase?

We like that Coinbase offers the standard platform for new investors just entering the crypto space and a more advanced Pro version that is great for more advanced traders.

With easy-to-use features and great security, it helps anyone have a convenient start with crypto trading. In addition, they offer a lot of educational material on how to get the best out of their exchange. All this, and high security, compensates for slightly higher fees compared to other exchanges.

Kraken: Best for Security

Quick Overview

Kraken was founded in 2011 in San Francisco. They offer services like margin trading, stop-loss orders, on-chain staking, futures markets, etc. With its low fees, Kraken is great for high-volume traders.

You can easily use their intuitive user interface and quickly transfer balances between spot and futures. You can trade 136 coins / 163 trading pairs.

Kraken is claiming that they are keeping 95% of assets offline. They allow fiat deposits and withdrawals,

Kraken is available around the globe, restricted only to Cuba, Iran, Japan, North Korea, Washington, and the New York States.

They have a good reputation as a professional, low-fee, and secure crypto exchange with features that make your trading experience great.

Besides the central trading platform, they offer Kraken Pro for more professional traders.

Pros
  • Stable regulatory compliance
  • Margin and futures
  • Well-established and trustworthy
  • Great security
Cons
  • Verification can take some time

Trading Fees

Trading fees are based on a 30 days trading volume and different levels: Level 1 with a volume between $-$100.000 with a maker fee of 0.02% and a taker fee of 0.05%, and level 8, if you were trading more than $100.000.000, the maker fee is 0.0%, and the taker fee is 0.01%.

The deposit of Fiat currencies and crypto is free of charge.

Fiat withdrawal costs from 0 to $35, depending on your bank and the currency you want to withdraw.

Fees on Kraken Pro are lower compared to the central trading platform. So if you are a high-volume trader, you should go with the Pro version to avoid paying higher fees.

Why do we like Kraken?

We like that they offer both the central platform and the Kraken Pro option, suitable for beginners and experienced daily traders.

They offer many features, like margin, futures trading, and others for the most demanding traders. Moreover, it's accessible and available almost everywhere in the world.

Binance: Best for Low Trading Fees

Quick Overview

The Binance crypto exchange was founded in 2017 and became one of the world's leading crypto exchanges.

Binance.com is available worldwide except in the US. In the US, you can use binance.US, a limited version of binance.com that offers a small number of coins and tokens to US residents.

By trading volume, Binance is the largest cryptocurrency exchange. They offer competitive rates, and the platform is relatively simple for beginners and offers a complexity that more experienced traders need.

The dashboard offers everything for a good trading experience. The complexity of it is more suitable for experienced traders.

Pros
  • Largest crypto exchange in the world based on trade volume
  • Extremely low fees of 0.1% (further discountable)
  • Mobile app available for iOS and Android
  • Over 350 cryptocurrencies are available
  • Additional features such as staking, NFT marketplace, margin trading, futures trading
Cons
  • Not available in the USA (US residents need to use Binance.US)
  • Slower customer service - lacks live chat support

Trading Fees

Trading fees are based on a 30 days trading volume and different levels.

The fees go from Level Vip 0 with a 30-day volume of 1,000,000 BUSD with a maker fee of 0.10% and a taker fee of 0.10% to Level Vip 9 with a 30-day volume of more than 4,000,000,000 BUSD with maker fee 0.02% and taker fee 0.04%.

They offer a special 25% discount on trading fees who hold a predetermined amount of BNB.

Binance offers some of the lowest fees for all non-commission-free exchanges. In addition, there are no deposit fees, and withdrawal fees depend on the asset.

Deposit and withdrawal fees on Binance depend on the asset and payment method. Fiat deposit fees depend on the payment method and the currency you are depositing.

Why do we like Binance?

The most significant benefit of Binance is its low trading fees, solid interface, and multi-layered security.

Great for high-volume trading and experienced traders looking for a complex dashboard and features.

Crypto.com: Best for Daily use

Quick Overview

You probably heard about Crypto.com - the exchange was founded in 2016 and quickly infiltrated our everyday lives.

They have over 200 currencies listed (over 80 trading pairs) and are available in more than 350 markets.

What we like the most with Crypto.com are the easy-to-use mobile app and cryptocurrency credit cards. With the mobile app, you can buy, sell, trade, earn interest in CRO, and pay with crypto. In the past, you could get great cashback rewards and other benefits when holding their native token CRO. However, they recently reduced them. So you need to hold larger amounts of their token for smaller rewards.

Other benefits of Crypto.com Metal Cards are discounts for Netflix, Spotify, Amazon Prime, Expedia, Airbnb, etc. The benefits are based on the type of Metal Card and the amount of CRO you hold.

With Crypto.com, your private keys are encrypted locally on your device with Secure Enclave, protected by Biometric and 2-Factor Authentication. In addition, Crypto.com offers both custodial and non-custodial wallets.

Crypto.com claims that 100% of all user cryptocurrencies are held in offline (cold) storage.

Crypto.com is available around the globe to residents in all the US States except New York. They are one of the rare exchanges allowed in Hawaii.

Considering the features offered, great security, and smooth trading experience, Crypto.com is a great option for beginners or more experienced crypto traders.

Pros
  • Supports all major cryptocurrencies
  • Visa card allowing to spend crypto assets and earn rewards
  • Great for crypto payments
  • Earn interest on crypto
Cons
  • Cashback rewards are paid out in CRO
  • High fees if you are a low volume trader
  • Lack of educational resources

Trading Fees

Their trading fees are volume-based: the discounts increase with increased trading volume. So you get a better deal if you stake CRO and pay your trading fees in CRO and a 10% p.a. on your CRO stake.

Based on the 30-day trading volume, there are 9 levels - up to 25,000 USD with a maker and a taker fee of 0.4% to level 9 trading more than 200,000,001 USD with a maker of 0.04% and a taker fee of 0.1%.

Why do we like Crypto.com?

Crypto.com made the trading and investing crypto experience easily accessible on any smartphone with their mobile app. You can transfer your fiat money to crypto and back quickly and hassle-free.

The app is available around the globe, and compared to Binance, they offer the same features and experience in the US market, so it's great for US residents.

The fees are a bit higher if you are a low-volume trader; however, if you are looking for a safe place to keep your cryptos and use them in everyday life, crypto.com is an excellent choice.

Gemini: Best for Regulatory Compliance

Quick Overview

Gemini exchange was founded in New York in 2014. It has a professional dashboard for beginners and experienced traders. You can opt for the main or more advanced, Active Trader platforms.

They put a high priority on security features and compliance. For example, they are storing most of the assets in various distributed cold storage; they require two-factor authentication and adhere to the regulations of the NYSDFS. Gemini is also SOC 2-certified; fiat deposits are insured for up to $250,000 by the FDIC.

You can top up your account with a bank transfer, wire transfer, or crypto deposits, for which different fees apply. Their stablecoin Gemini dollar (GUSD) is backed 1:1 by the US dollar.

You can buy and sell over 50+ cryptocurrencies. US residents can also apply for a Gemini Credit Reward card; pre-qualification is needed.

Pros
  • Extremely secure and compliant
  • Free fiat withdrawals and ten free crypto withdrawals per month
  • User-friendly interface
  • Licensed and regulated by NYSDFS
  • Interest-Earning without staking up to 8.05% APY
Cons
  • Some bigger cryptocurrencies are not supported
  • No Futures or Margin Trading
  • Some trades can go as high in fees as 0.5%.

Trading Fees

Gemini has a more complicated fee structure compared to some other exchanges. They have different fees when trading with Active Trader or mobile/desktop apps.

Fees are based on the 30-day trading volume. Trading on Active Trader starts from 0 USD (Level 1), with a taker fee of 0.40% and a maker fee of 0.20%, to trading more than 500,000,000 USD (Level 10), with a taker fee of 0.03% and a taker fee of 0.00%.

Bank transfers and wire deposits are free with Gemini. However, if you want to deposit your fiat money with a card or debit card, a 3.49% fee will apply.

Why do we like Gemini?

Gemini has robust security and an easy-to-digest interface that guides the user better through the trading experience. They also have helpful supporting documentation if you just started using crypto apps.

You can earn interests on your holdings, so if you are holding your cryptos and not trading daily, Gemini is a great choice.

They have slightly higher fees, especially for low-volume traders; however, if security is important for you, you might want to consider higher fees as your investment in security.

BlockFi: Best for Crypto-Backed Loans

Quick Overview

BlockFi was funded in 2017 in New Jersey. They are backed by venture capital firms, including Galaxy Digital and Coinbase. It is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings.

The exchange offers more than 15 cryptocurrencies and stablecoins for trading. With BlockFi, you can earn interest on your crypto (up to 9.5% APY), and they allow you to borrow up to 50% of the value of your crypto with a two percent origination fee.

The interests compound monthly and are paid out every month. Unfortunately, interest accounts are not available in the US at the moment.

They have solid security in place. Most user assets are kept offline in cold storage. Cryptocurrency assets are insured against theft if not the user's fault. BlockFi has a standard security feature, Two-Factor authentication (2FA), Personally Identifiable Information (PII) for an additional layer of security, and allowlisting, which lets users ban withdrawals or restrict them to specific addresses.

The BlockFi Card is a Visa card that comes with 1,5% cashback. The BlockFi card is for US residents only (excluding New York).

Pros
  • Monthly compounded interest
  • Very flexible on the length of crypto-backed loans
  • No credit score check
  • Phone support
Cons
  • Limited crypto assets on the platform
  • Slow withdrawal times
  • The fee structure is not transparent

Trading Fees

There are no fees when trading on the BlockFi Exchange, but you have to consider the cost of spread around 1%.

Why do we like BlockFi?

BlockFi is a trusted crypto lending platform offering crypto-backed loans with flexible lock-in periods. On top of that, you have very attractive Interest Account options.

Uphold: Best for US Customers

Quick Overview

Uphold is, besides Coinbase, among the most popular platforms in the US and available in over 100 countries around the globe.

It was founded in 2015 and is more like an e-currency platform than a crypto exchange. The specialty with Uphold is that besides buying and selling cryptos, you can also trade national currencies, stocks, cryptos, and commodities. Availability depends on your region.

With Uphold, you can also stake your digital assets, earn staking rewards, take crypto-backed loans by putting your cryptos as collateral for up to one year, and borrow money against it.

Uphold has 2-Factor-Authentication (2F), Know Your Customer (KYC) for withdrawing funds, and account verification for security features.

The Uphold interface is simple and suitable for beginners, and you can trade multiple assets directly without needing to go back to BTC or ETH. In addition, they support majors, altcoins, emerging tokens, and stablecoins.

Pros
  • Trade crypto, metals, traditional currency, and stocks
  • Convert between any support asset type
  • Integrates with Brave browser rewards
Cons
  • Fewer cryptocurrency options than some competitors
  • Spreads can exceed 1% on Bitcoin and 3% for metals

Trading Fees

Uphold charges 0% deposit fees, 0% withdrawal fees, and 0% trading commissions, but they do charge spreads listed here for every trade made.

Why do we like Uphold?

The Uphold offers a beginner-friendly mobile app. The feature we like the most is scheduling regular transactions, which makes it possible to buy or sell Bitcoin regularly and profit from the Dollar Cost Average Investing strategy. This is incredibly convenient for everybody who is not so familiar with charts or is not into trading so much.

Uphold is great if you like to diversify and hold different foreign currencies, commodities, and stocks.

Bybit: Best for Futures Trading

Quick Overview

Bybit was founded in 2018 in Singapore and became one of the fastest-growing exchanges in the crypto derivatives market.

You can trade cryptocurrencies at up to 100x leverage. This enables experienced traders to make high profits from leveraged trading as it magnifies the reward and risk.

Bybit allows crypto deposits and withdrawals. Fiat Currencies deposits and withdrawals are not possible. You can directly buy USDT, BTC, and ETH with your Visa or Mastercard Credit Card (or Debit Card), SEPA transfer, Google, or Apple Pay.

They have solid security management in place. Besides 2-Factor-Authentication, Bybit addresses are multisignature (multi-sig). This means that there are multiple keys needed to authorize any transaction.

ByBit is restricted in the US.

Pros
  • Low Fees
  • Up to 100 x leverage
Cons
  • No fiat deposit/withdrawal
  • Not available in us
  • The company has no long real track record

Trading Fees

Bybit does not have deposit fees when trading crypto. However, there is a withdrawal fee, depending on the currency you withdraw.

For trading, Bybit charges a maker/taker fee. Takers pay 0.075%, and Makers can earn up to a 0.025% rebate.

Currently, spot trading fees are 0.1%.

Why do we like Bybit?

Bybit is a great choice if you are experienced in trading derivatives as you have more contracts to choose from, and you can utilize the leverage of up to 100x. Be careful with that, if you are not a very experienced trader.

They also have a great selection of resources, news, and insights for traders of all levels to educate on using Bybit or trading in general.

Bitstamp: Best Entry Exchange

Quick Overview

Bitstamp was launched in Slovenia in 2011 and is one of the oldest crypto exchanges. Now Bitstamp has its headquarters in the UK and is registered in Luxembourg.

They currently have 56 cryptocurrencies listed. You can trade using their primary dashboard for beginners or the Tradeview platform with advanced charts for more experienced traders. The great thing is that you can trade on both with the same fees.

The trading experience is straightforward, making Bitstamp a great entry point for anyone just starting with crypto trading.

In 2015, Bitstamp had a phishing attack and lost 19 BTC (around 5 million USD). Despite that unfortunate event, they have great security in place.

Bitstamp keeps 98% of assets offline in cold crypto storage. They also have multi-factor authentication and address whitelisting as optional security measures.

You can stake a limited amount of cryptos on Bitstamp: ETH and ALGO. Staking. It is not available in the US.

Pros
  • Competitive trading fees
  • Great for beginners
  • Great mobile app
  • Crypto Staking
Cons
  • Limited list of currencies
  • Staking only ETH and ALGO

Trading Fees

As mentioned, trading fees on Bitstamp are the same whether you use their regular or advanced platform Tradeview.

We appreciate the straightforward fee structure based on 30-day trading volume.

The trading fee for under 10,000 USD in 30-days is 0.50% and drops exponentially for users with higher 30-day trading volume.

ACH transfers, deposits, and withdrawals are free.

Why do we like BitStamp?

Bitstamp is a user-friendly exchange that offers a basic and more complex, Tradeview dashboard with reasonable fees. It is great for beginners and intermediate traders.

Other exchanges could be more suitable for users looking for more complex features.

BitMart: Best for Rare Altcoins

Quick Overview

BitMart crypto exchange was founded in 2017, with headquarters in the Cayman Islands.

They offer plenty of features suitable for experienced traders like advanced charts, market and limit orders, futures trading, stalking, lending, derivatives trading, etc. With competitive trading fees.

When holding their native token BMX, you can benefit from trading discounts and other savings.

There are over 1000 digital assets on BitMart, with many low market cap coins.

You can earn interest with crypto staking with a lock-up period from 30 to 90 days.

Besides all the mentioned features, Bitmart has a great selection of NFT projects in its marketplace.

You can access Bitmart via desktop or mobile app.

BitMart keeps 99% of all crypto assets in cold storage, you can set up two-factor authentication (2FA) via Google Authentication, and you need to confirm any withdrawal by email or phone.

Bitmart was hacked in 2021, and almost $200 million in funds were taken; however, the exchange did react fast and compensated for lost funds.

Pros
  • Large selection of hard-to-find coins
  • Futures and derivatives trading
  • Standard and advanced trading platforms
  • Discounts when holding BMX
  • NFT Marketplace
Cons
  • Not suitable for beginners

Trading Fees

Trading fees are based on 30-day trading volume in BTC. Users get discounts for high volume and for holding the native token.

Default fees start at 0.25% for price makers and takers and lower with the increased volume and BMX holdings.

For professional users who trade at least 150 BTC per month, maker fees start at 0.04% and taker fees at 0.06%.

Why do we like BitMart?

We like Bitmart for all the features that support advanced trading needs. They also have a great selection of smaller currencies that are hard to find on other crypto exchanges.

Exchanges Comparisons

If you want to know how the above mentioned exchanges compare, check out our detailed comparison articles:

Kraken vs Gemini

Nexo vs BlockFi

Bybit vs Kraken

Uphold vs Coinbase

Crypto.com vs Binance

KuCoin vs Binance

Disclaimer

This website includes information about cryptocurrencies and other financial instruments. All these areas are complex instruments and come with a high risk of losing money. We are NOT giving financial or investment advice; this page is for educational and informational purposes only. Please be careful and make sure that you understand how these instruments work. Also, think about whether you can afford to take the risk of losing your money.

Weirdo.Rocks encourage you to do your own research before making any investment decision.