19 Best Cryptocurrency Exchanges for 2021

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Updated: 23rd Feb 2021
Written by Sean Graytok
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The best cryptocurrency exchanges make it easy for consumers to buy, sell, and invest in Bitcoin and other currencies in a secure and efficient environment.

Since its earliest days, cryptocurrency has given consumers anonymity and privacy. However, most people do not know how to purchase cryptocurrency, store it, and leverage it to their advantage.

Most only hear about the historical rise of Bitcoin, Ethereum, and Litecoin. Rightfully so, these coins have redefined the cryptocurrency marketplace, garnered media attention, and attracted billions of dollars in capital.

This phenomenon has contributed to the development of cryptocurrency exchanges and blockchain technology as a whole. To debunk all myths associated with cryptocurrency, our team compiled an unbiased list of the best crypto exchanges for you to begin trading digital assets right now – not tomorrow.

Our assessment of the best cryptocurrency exchanges is backed by hours of research, data, and consumer experience. We reviewed security, ease-of-use, fees, platform capabilities, availability, and supported coins.

Keep reading to explore your options.

Best Crypto Exchanges to Trade Bitcoin and Altcoins

#1. Coinbase

Founded in San Francisco, California in 2014, Coinbase is one of the most popular, trusted, and secure cryptocurrency exchanges globally. With over 13.3+ million active users, Coinbase has attracted a legion of die-hard crypto investors and enthusiasts.

The Coinbase platform is straightforward and easy-to-use. Consumers can easily buy, sell, trade, and store their digital assets. Whether you want to buy bitcoin, litecoin, or Ether, takes out the complexity and gives you complete control.

Coinbase is the best crypto exchange.

However, the biggest takeaway is that Coinbase supports fiat currency (USD, EUR, GBP, and more), which is why it is known as the best fiat-to-crypto exchange.

Apart from the vast currencies on this platform, Coinbase supports ACH bank transfers, PayPal, credit/debit cards, SEPA, digital currency, and wire transfers.

Best For:

  • Beginner Cryptocurrency Investors
  • Fiat-to-Crypto Exchanges

Pros:

  • Supports Fiat Currency
  • The Coinbase Cryptocurrency Exchange has not been hacked
  • Provides consumers with a digital wallet to store their assets
  • A diverse selection of supported and available altcoins
  • Easy-to-use Interface, beginner-friendly, and robust platform (website & mobile app)
  • High Liquidity
  • The platform is secure and insured

Cons:

  • Fees are higher than the industry average. However, the services, products, and capabilities Coinbase provide easily make up for the difference.
  • Centralized Exchange
  • Wallet Keys are controlled by Coinbase
  • Though Coinbase offers a handful of prominent cryptocurrencies, they do not offer them all. Double-check and make sure Coinbase supports the coin you are interested in.

Security

Bottom line up front, Coinbase has never been hacked, which is a feat in itself. Mt. Gox was hacked in 2014, and Binance was hacked in 2019. Coinbase employs two-factor authentication, AES-256 encryption, I.D. verification, and backs up all data onto USB drives.

To ensure the integrity of their cryptocurrency exchange, Coinbase also makes paper copies of all files. Both the paper copies and USB drives are stored in various geographical locations worldwide in vaults and safe deposit boxes.

Fees

Unlike some of its competitors, Coinbase employs a flat-fee and is 100% transparent. Depending on how large your transaction is, Coinbase charges a 1.49% – 3.99% fee.

However, their flagship product – Coinbase Pro – is cheaper and is touted as the most advanced crypto trading platform. Coinbase pro fees range from 0.04% – 0.50%.

Products

  • Coinbase
  • Coinbase Pro
  • Digital Wallet
  • USD Coin
  • Make Money Learning About Crypto
  • For Businesses: Prime, Ventures, Commerce, and Custody

Final Verdict

Coinbase is a clear industry leader and is one of the best crypto exchanges around. Whether you are a beginner or an experienced crypto trader on the market for a new exchange, Coinbase is more than capable of delivering.

 

Learn More: Coinbase Review

#2. Gemini

If security is your priority, look no further than Gemini. Founded in 2014 by the legendary Winklevoss twins, Gemini is regulated by the New York State Department of Financial Services (NYDFS).

Gemini is a top cryptocurrency exchange
 

Additionally, Gemini is the only cryptocurrency exchange to obtain an ISO 27001 certification, and successfully pass the coveted SOC 1 Type 1 and SOC 2 Type 2 exams. The philosophy behind Gemini is simple.

The Winklevoss twins want crypto investors to have peace of mind when buying, selling, and storing their assets. To bring their vision to life, they built Gemini, which is a modern-day crypto fortress.

Best For:

  • Cryptocurrency Exchange and Coin Security

Pros:

  • Highest Level of Security
  • Fast but secure sign-up
  • Low fees
  • Assets in hot wallet insured
  • Most assets kept offline in cold storage
  • Advanced API plug-ins for expert traders

Cons:

  • Advanced Trading Features may intimidate newcomers
  • Fewer coins to trade than most platforms
  • Holds the user’s private keys
  • No margin trading

Security

Gemini was the first crypto exchange and custodian in the world to pass the SOC 2 Type 2 security examination, which is the industry’s highest level of security and compliance testing.

Also, most of Gemini’s crypto assets are in cold storage and not susceptible to online hacks. The assets in Gemini’s hot wallet are insured by multiple underwriters.

Fees

In addition to transaction and conveniences fees, buyers and seller fees vary depending on the order amount. Gemini uses six tiers of amounts to determine the total fee. However, deposits are free as well as your first 30 withdrawals.

Products:

  • Gemini Cryptocurrency Exchange
  • Digital Wallet (Hot and Cold)
  • Advanced Trading Platform
  • Gemini dollar™
  • Gemini Pay™
  • Gemini Clearing™
  • Gemini Custody™

Final Verdict

Gemini is bridging the gap between the crypto and fiat worlds by implementing the necessary safeguards. There’s federal oversight, your crypto assets are insured, and your coins are placed in cold storage.

The Winklevoss Twins know that some form of regulation is necessary for Bitcoin to reach its full potential. Their case for $500k Bitcoin depends on it.

Learn More: Gemini Review

#3. BlockFi

BlockFi offers a suite of crypto products that cannot be found elsewhere. From its crypto interest account to its Bitcoin rewards credit card, BlockFi continues to be the top innovator of the crypto space. You can earn up to 8.6% interest on your assets when using BlockFi.

BlockFi secure crypto exchange

Best For:

  • Tailored Financial Services

Pros:

  • Several financial products (bitcoin Trading, Interest Accounts, Crypto-backed loans, & Bitcoin Rewards Credit Card)
  • Earn up to 8.6% interest in the currency of your choice, including the U.S. dollar
  • Simple exchange function to swap between a variety of currencies
  • No account minimums

Cons:

  • The platform’s main focus is lending and borrowing, not buying and selling crypto

Security

BlockFi uses Gemini Custody to store its assets in a regulated, secure, and compliant manner. The assets are kept in Gemini’s proprietary Cold Storage System, which is offline and safe from hackers.

However, the BlockFi Interest Account is not a bank account nor a brokerage account. It is not protected by FDIC, SIPC or other forms of insurance.

BlockFi offers Allowlisting, a security feature that ensures crypto in your BlockFi account can only be sent to known withdrawal addresses. Add some two-factor authentication and your crypto garrison is off to a great start.

Fees

BlockFi’s no-fee trading service lets you stay nimble in fast-moving markets. All clients who use BlockFi’s interest account are entitled one free crypto withdrawal and one free stablecoin withdrawal per calendar month.

Further withdrawals are subject to fees based on the currency that is being withdrawn, such as $0.25 and a withdrawal limit of 1,000,000 per 7-day period.

Products:

  • BlockFi Interest Account
  • Crypto-Backed Loans
  • Advanced Trading Platform
  • BlockFi Credit Card

Final Verdict

BlockFi is bringing traditional wealth management products to the crypto space. You can do much more than just buy, sell, and trade crypto on their platform, but their fee friendly services make transactions seamless.

Learn More: BlockFi Review

#4. Binance

Binance is the largest crypto exchanges in the industry and has skyrocketed in popularity since its debut in 2017. Binance was predominantly a crypto-to-crypto exchange but has recently added limited support for fiat deposits and withdrawals.

Binance is the largest crypto exchange

Its low fees and additional security safeguards have pulled many crypto traders away from their original exchanges. Binance acquired TrustWallet in 2018 and evolved it into one of the world’s most relied upon crypto wallets, as it supports more than 14 blockchains.

Best For:

  • Low-Fees

Pros:

  • One of the most well-known exchanges with a proven track record
  • Supports 200+ cryptocurrencies
  • Several payment options
  • Lowest fees in crypto
  • Margin trading
  • Binance TrustWallet is the industry’s most trusted wallet

Cons:

  • Limited customer support
  • Limited deposit options
  • No fiat-to-crypto trading on the main exchange

Security

Binance has a Secure Asset Fund for Users (SAFU) that serves as a reserve fund in the event of a platform hack. Binance allocates 10% of all trading fees to the fund.

While Binance takes security as seriously as the next, it was hacked for $40 million in Bitcoin in May 2019. However, no Binance clients were affected by the breach because of the SAFU fund.

Binance implements several security measures to decrease the likeliness of another attack. It offers Two-Factor Authentication and requires email verification if it doesn’t recognize the I.P. address of a new log-in.

Binance customers also have the option to whitelist wallet addresses, meaning that assets can only be withdrawn to designated addresses.

As mentioned above, the Binance TrustWallet has its own app and can be downloaded on Android and IOS.

Fees

Binance offers some of the lowest fees crypto traders will find. Its standard trading fees average 0.1%, but this can be further reduced for users holding their proprietary “Binance Coin.”

Holding a balance in its Binance Coin will reduce your standard trading fee by 25% to 0.075%. However, this discount will diminish over time as the exchange continues to grow.

Products:

  • Binance Crypto Exchange
  • Binance Coin
  • Binance TrustWallet
  • Secure Asset Fund for Users (SAFU)

Final Verdict

Binance is the largest crypto exchange in the world by volume. Based on annual web traffic, average liquidity, volume, and the exchange’s integrity, this top cryptocurrency exchange is a power player and is here to stay.

Whether you are an experienced bitcoin trader or a burgeoning crypto investor, Binance deserves some serious consideration.

#5. Robinhood

The commission-free pioneer launched Robinhood Crypto in 2019 to accommodate the growing interest in cryptocurrencies. The platform of choice for millennial investors now offers a slew of currencies to trade from at all hours of the day.

Commissio-free crypto exchange

In fact, the company told its users, “Don’t Sleep” when it announced Robinhood Crypto, encouraging them to seek profits even after the stock market is closed.

Best For:

  • Ease-of-Use and Simplicity

Pros:

  • Popular platform with millions of users
  • Easy to use
  • No analysis paralysis
  • Fractional coins

Cons:

  • Cannot transfer crypto purchased on Robinhood anywhere outside of Robinhood
  • You are not the owner of your crypto
  • Some cryptocurrencies are viewable but not tradeable
  • Not available in Hawaii, Nevada, New Hampshire, and West Virginia

Security

Robinhood holds most of its coins in cold storage but keeps enough of them online to support day-to-day operations. A portion of its digital assets carries crime insurance to protect against theft and cybersecurity breaches.

Robinhood Crypto is registered with FinCEN and subject to the Bank Secrecy Act (BSA). Also, the platform uses third-party experts to test its security capabilities.

Fees

Robinhood is a commission-free trading platform that makes money selling order flows. However, Robinhood makes money on the bid-ask spread or the difference between the bid (from buyers) and the ask (from sellers) prices of a security or asset.

This will not be an explicit fee stated on the platform, but the cut is similar to other exchanges fee schedules and comes in around 0.2% for small accounts.

Products:

  • Robinhood Crypto
  • Robinhood Commission-Free Broker

Final Verdict

Crypto purists will likely steer clear from Robinhood because they cannot own the underlying asset on the exchange. But bitcoin traders seeking volatility have found a new arena for play.

Learn More: Robinhood Review

#6. Coinmama.com

Coinmama is regarded as the most straightforward platform and the easiest to use. After you sign up, this crypto exchange allows you to fund your account with minimal effort.

Coinmama is the easiest cryptocurrency exchange to use.

They support Apple pay, bank transfers, credit cards, MoneyGram, and debit cards. Ultimately, Coinmama makes it painless for consumers to trade bitcoin and other cryptocurrencies.

However, it is important to note that Coinmama is a “Crypto Broker” and not a “cryptocurrency exchange.” This means they do not match with a seller or buyer. Instead, Coinmama will buy your bitcoin or cryptocurrency in exchange for fiat currency.

Best For:

  • Customer Support
  • Beginners

Pros:

  • Strong Reputation and Clear Industry Veteran
  • Worldwide Availability. Trade from anywhere, any time
  • The platform is simple and easy to navigate
  • Easily fund your account
  • Quick Verification Process
  • Cryptocurrency Calculators help you make clear decisions
  • Near Instance Delivery
  • Multiple Languages

Cons:

  • Limited Selection of Cryptocurrencies to trade and invest in
  • High Fees
  • Additional Fees applied if you fund your account with a Credit Card

Security

Our only concern with Coinmama is their vague security posture. While they cooperate with law enforcement entities, force users to change passwords frequently, monitor their exchange and require new customers to verify their identity, they do not break down their overarching security strategy.

Additionally, Coinmama is a member of the Financial Crimes Enforcement Network (FINCEN). That said, as crypto experts and enthusiasts, your security is our priority. We like to see detailed guidance on how a top crypto exchange safeguards customer accounts, transactions, and data.

Fees

Compared to some other crypto exchanges, Coinmama has high fees. They charge consumers a flat 5% fee for using a debit card or credit card. On top of this fee, they charge a 5.5% fee for all crypto transactions.

If you are strapped for cash, we recommend you begin trading cryptocurrency on Coinbase, Gemini or BlockFi.

Products:

  • Cryptocurrency Broker
  • Coinmama Business Solutions

Final Verdict

Even though the Coinmama platform makes it easy for consumers to invest in cryptocurrency, their high fees are no joke. There are better crypto exchanges available. Shop around and research before you open a Coinmama account.

Learn More: Coinmama Review

#7. eToro

Taking the market by storm in 2007, eToro is a hybrid mix of both a traditional stock broker and cryptocurrency exchange. On the crypto front, eToro is primarily focused on enabling consumers to buy and sell bitcoin, which is why it is one of the best bitcoin exchanges.

With a focus on education and sound investment decision making, eToro gives all users a $100,000 ‘training’ account.

eToro is a popular exchange.

This allows you to buy and sell both stocks and cryptocurrency with ‘fake’ money. Ultimately, investors who utilize the training account will better understand trading bitcoin, analyzing assets, and diversification.

Moreover, the eToro platform is easy-to-use and allows users to follow verified “experts” who share their wisdom and trading ideas for free.

However, eToro is one of the best cryptocurrency exchanges due to their built-in social interaction amongst investors. They make it easy for you to connect, communicate, and share ideas.

Best For:

  • Training and Education

Pros:

  • Certain investments are insured
  • Commission-Free Stock Trading
  • Practice trading Platform (trade $100,000 in fake money)
  • Social Network and Interaction built into the platform
  • Connect with like-minded investors
  • Easily Copy Trades from the smartest and best investors on the platform
  • Strong Reputation
  • 120+ Cryptocurrencies Supported

Cons:

  • Cryptocurrency fees are not high, but they aren’t the cheapest
  • Customer Support is not the best

Security

Whether you are trading bitcoin, altcoins, or stocks, the eToro platform is safe and secure.

As one of the most secure and trusted bitcoin exchanges, eToro employs SSL encryption, 2-factor authentication, identity verification, and a suite of cybersecurity products. Furthermore, all account funds are stored in tier-1 banks and reputable financial institutions.

It is important to note that cryptocurrency is highly volatile and not regulated in most European countries.

Additionally, trading crypto is not supported by the E.U. regulatory framework.

Your investments are subject to market risk, which is why it is paramount to research and choose a cryptocurrency exchange that is protected and at the forefront of crypto regulation.

Fees

Depending on what cryptocurrency you invest in, eToro will charge you a fee that ranges between 0.50% – 5.0%.

They also impose a flat $5 withdrawal fee and a $10/month inactivity fee. That said, eToro’s stock trading platform is commission-free and has no account minimums.

Products:

  • Secure Cryptocurrency Exchange
  • Commission-Free Stock Trading Account
  • CFD Trading Account
  • CopyTrader™

Final Verdict

As one of the most popular cryptocurrency exchanges in Europe and the United States, eToro provides an unparalleled experience for beginner cryptocurrency investors.

Their practice trading account allows you to learn about the crypto marketplace and industry. Furthermore, eToro’s commission-free stock trading is a nice addition.

Learn More: eToro Review

#8. Kraken

Kraken is a US-based crypto exchange founded in 2011 by Jesse Powell. It is one of the five largest exchanges by trading volume and trusted by more than 4 million users. It claims to be the largest Bitcoin exchange in terms of euro volume and liquidity.

Peter McCormack, host of the #1 Bitcoin Podcast “What Bitcoin Did,” swears by Kraken’s functionality and suggests his listeners use the platform. Kraken is not just an exchange; it provides educational resources for investors with all levels of experience.

Kraken is one of the best US Based Cryptocurrency Exchanges.

Kraken supports more than 40 digital assets in its mission to mainstream crypto assets. While welcoming to newcomers, the platform provides plenty of tools for advanced traders who depend on professional charting tools.

Kraken also offers some unique features that are not available on most platforms, such as Kraken Futures and dark pool trading. These services are for advanced traders and probably less attractive to the investor simply looking to diversify into crypto.

Best For:

  • Low-Fees and Security

Pros:

  • Low fees
  • Clients trading larger sizes (over $100K) benefit from Kraken’s Over-the-Counter desk
  • “White glove treatment” from Kraken’s Account Management Service offers one-on-one support for advanced clients
  • Long or short up to 5x leverage on spot trades
  • Kraken Futures: seamless transfers between Kraken Spot and Kraken Futures markets
  • Trade top cryptocurrencies with up to 50x leverage on Kraken Futures
  • Plenty of educational content
  • Accepts several fiat currencies including Euros, U.S. dollars, Canadian dollars, Australian dollars, British pound, Swiss franc, and Japanese yen.
  • Dark pool option that shields orders from the rest of the market
  • Offers different kinds of accounts based on experience: starter, intermediate, and pro.

Cons:

  • Advanced user-interface may be confusing for first-time crypto-traders
  • Funding your account takes time if you’re using the Starter account

Security

Despite being around longer than most exchanges, Kraken has never had a sitewide hack. Accounts have been hacked, but this was due to negligence on behalf of the user.

Kraken can inform you of your account’s security level, such as “Critically Low,” or “Medium.” This icon is called the “Security Shield” and is found on the homepage next to your account’s name. There are four different levels, and Kraken will make suggestions on how to maximize your security.

Fees

Kraken’s transaction fees are amongst the lowest for all exchanges. Its spot trading fees range from 0% to .26%, stablecoin fees from 0% to .20%, and dark pool fees vary between .02% to .36%.

Your fees depend on your last 30 days’ trading volume and are based on a maker-taker basis.

Products:

  • Kraken Spot Market
  • Kraken Futures Market
  • Over-the-Counter Desk
  • White-glove customer support
  • Security Shield
  • Dark pool trading

Final Verdict

Kraken has been around since the dawn of crypto. It continues to innovate with the new exchanges that offer niche services. A common theme with the top exchanges is low fees and strong security, two areas that Kraken has mastered.

Kraken’s differentiator is its focus on customer support. It offers 24/7 live chat customer service from trained professionals in addition to upgradable, paid support options.

This best-in-class cryptocurrency exchange lets users choose to open a starter, intermediate, or pro account. This kind of customization is unique in the crypto and financial services industry. This makes Kraken desirable for investors of all levels of experience.

Learn More: Kraken Review

#9. TradeStation Crypto

TradeStation’s cryptocurrency trading platform allows consumers to buy and sell bitcoin, earn interest on their digital assets, and learn about crypto markets.

With a lightweight, easy-to-use platform, the technology that powers TradeStation is loved and used by thousands of Americans.

TradeStation Buy and Sell Cryptocurrency

Moreover, TradeStation allows you to trade more than just cryptocurrency. Consumers can day-trade, trade options, buy stocks, invest in IPOs, and more – all from the same account.

Even though TradeStation caters towards day-traders and stock investors, their crypto trading platform is growing in popularity. It is becoming one of the best brokers for Bitcoin Trading.

Best For:

  • Day Traders
  • Cryptocurrency Trading

Pros:

  • Rock Bottom Fees
  • Trade more than just cryptocurrency
  • Detailed analysis and in-depth research at your fingertips
  • Customizable Charts to Track Stocks, Equities, and Digital Assets
  • No Minimum Deposit
  • Real-Time Market Data and Price Quotes

Cons:

  • Limited Coins Supported
  • Primarily Focused on Stocks, ETFs, Options, Mutual Funds, Bonds, and Classic Investment Vehicles
  • Fees and Pricing is Not Straightforward
  • No Digital Wallet

Security

TradeStation utilizes 256-bit data encryption (TLS/SSL) and advanced firewalls to protect your account and digital assets. Additionally, TradeStation employs anti-fraud and anti-laundering specialists who constantly monitor their information systems and platforms.

Fees

TradeStation is one of the cheapest cryptocurrency exchanges. Their maker/taker fees range from 0.125% to 0.50%. Unlike their competitors, TradeStation applies fees based on your account balance and not per transaction.

Products:

  • T.S. Go
  • T.S. Select Plans
  • TSCrypto
  • Simulated Trading
  • Website API
  • Mobile App
  • FuturesPlus

Final Verdict

As you can see, TradeStation is so much more than a classic cryptocurrency exchange or crypto broker. Whether you want to buy bitcoin, sell Ethereum, or invest in Litecoin, TradeStation enables you to do it all with ease.

#10. Bitcoin IRA

BitcoinIRA makes it easy for cryptocurrency investors to save for retirement and remain invested in their crypto assets. With over 50,000+ account holders and the first to offer a cryptocurrency individual retirement account, Bitcoin IRA is one of the best cryptocurrency exchanges on the market.

Best Bitcoin IRA for retirement investors.

Apart from their retirement accounts, Bitcoin IRA also offers 24/7 crypto trading, a 401(k), custody, and more. If you are looking for more than just a cryptocurrency exchange, then Bitcoin IRA has a lot to offer.

Best For:

  • Bitcoin Individual Retirement Accounts
  • Retirement Investors
  • U.S. Cryptocurrency Investors

Pros:

  • Cryptocurrency Retirement Accounts
  • Top-Notch Security
  • Digital Assets are stored offline in Cold Storage
  • Cryptocurrency is insured up to $100 Million
  • Around the Clock Trading (24/7)
  • Strong Industry Reputation
  • Great Customer Services
  • Automate Your Investment Strategy

Cons:

  • High Fees
  • Limited Coins Supported

Security

Rest easy, your digital assets are safe, secure, and insured with BitcoinIRA. To safeguard your cryptocurrency, they employ a 256-bit encryption and utilize BitGo Trust to store your digital assets.

BitGo Inc is the largest processor of Bitcoin Transactions. They make sure all digital assets are placed offline in cold storage. Furthermore, BitGo received the SOC 2, Type 2 security certification, just like Gemini. And finally, your cryptocurrency is insured for up to $100 million.

Fees

The only downside of Bitcoin IRA is the fees associated with their retirement accounts and platform. Right now, they charge a platform fee that ranges between 1.50% to 12.50%, an annual custodial fee of $240, $75 crypto asset conversion fee, 5.0% buy fee, 1.0% sell fee, and a transfer out fee of $75.

However, these fees are not overly aggressive considering the quality of services and security Bitcoin IRA affords its loyal customers.

Products:

  • IRA Accounts
  • Business Solutions
  • Interest Accounts

Final Verdict

Suppose you are on the market for a retirement account that supports cryptocurrency. In that case, Bitcoin IRA is the solution for you. With a strong industry reputation, top-notch security, and easy-to-use platform, this Bitcoin IRA is the best Bitcoin IRA provider on the market.

#11. Cash App

Cash App is a smartphone-based money-transfer service operated by Jack Dorsey’s fintech company Square Inc. The Cash App is nailing the “cool factor” as it’s mentioned in more than 200 hip-hop songs.

CashApp allows you to buy and sell bitcoin.

It is safe to say that Cash App is well on its way to achieving a viral network effect. It is the #1 finance app in the App Store and only takes six taps from your home screen to buy bitcoin.

Best For:

  • Strong Mobile Platform

Pros:

  • The fastest way to convert dollars to bitcoin
  • Simple User Interface
  • Great for beginners
  • Earn bitcoin when you use your Cash Card

Cons:

  • Bitcoin is the only cryptocurrency on the platform
  • Not for expert crypto-traders

Security

Cash App is PCI Data Security Standard (PCI-DSS) Level 1 compliant, which is the highest level of compliance for payment companies.

Fees

Cash App does not explicitly state its fee structure. However, it does acknowledge both a trading fee and volatility fee on transactions.

Products:

  • Advanced Trading Platform (Stocks and Bitcoin)
  • Cash Card and Discount Offers (Boost)
  • Banking
  • Payments

Final Verdict

Cash App’s parent company Square Inc. believes in Bitcoin, and they’ve put their money where their mouth is to prove it. In October 2020, Square purchased $50 million of Bitcoin at an average price of $10,618 per unit.

Additionally, there’s only one word in Jack Dorsey’s Twitter bio: #Bitcoin. This company believes in Bitcoin and is a great place to start your crypto journey.

#12. Cex.io

Bottom line, Cex.io is one of the best cryptocurrency exchanges. Since its founding in 2013, this crypt exchange has attracted over 3+ million loyal users.

best crypto exchange for residents in the United Kingdom.

Cex.io is radically transparent and obsessed with perfecting their user experience. These two features are baked into their straightforward cryptocurrency and bitcoin trading platform.

From low-fees to robust security and everything in between, Cex.io opens the floodgates for consumers and allows them to navigate the complex crypto world with ease.

Best For:

  • United Kingdom Residents
  • Transparency
  • Crypto-Backed Financial Services (Loans & Savings Accounts)
  • Design and User Experience

Pros:

  • Cex.io is radically transparent from the moment you sign up
  • A robust cryptocurrency exchange that is designed with the end-user in mind (Great UX/UI)
  • Multiple Crypto-Backed Financial Products for consumers to apply for and use
  • You can buy cryptocurrency with your credit card or debit card
  • Strong Industry Reputation
  • Strong Security
  • Easy-to-Use Bitcoin Calculator

Cons:

  • Tiered Membership. This restricts members who do not verify their entire account
  • Lacks educational content

Security

Like all of the best crypto exchanges, Cex.io utilizes two-factor authentication, 256-bit encryption, identity verification, and employs third-party cybersecurity experts to defend against DDoS attacks.

Furthermore, all data is encrypted, and your cryptocurrency is held in cold storage. And finally, Cex.io holds licenses and certifications with multiple countries, including the United States and the United Kingdom.

Fees

One of the best things about Cex.io is their low fees. All transactions fees are below 1.0%, and their deposit fees are between 0.0% to 4.0%. As you can see, Cex.io makes trading bitcoin and other altcoins affordable and frictionless.

Products:

  • One of the Best Cryptocurrency Exchanges
  • Crypto Savings Account
  • Crypto-backed Loans
  • Cex.io Mobile App
  • Instant Buy (with a Credit Card or Debit Card)
  • Monthly Rewards for Holding Stake-able Coins
  • Cex.io Cryptocurrency Business Solutions

Final Verdict

Whether you are on the market for the best bitcoin exchange or a new place to invest in cryptocurrency, Cex.io is ready to make it a reality. Their platform is hard to beat for real, and the payment options streamline the entire crypto investment process.

#13. Bittrex

With low-fees, proprietary technology, and security baked into all aspects of their platform, Bittrex has emerged as one of the best cryptocurrency exchanges in the United States.

Bittrex is one of the best crypto exchanges to buy bitcoin.

Founded by former cybersecurity and engineering employees from Microsoft, Amazon, and Qualys, Bittrex rivals Gemini as one of the most secure cryptocurrency exchanges.

Best For:

  • Security and Engineering
  • Blockchain Technology

Pros:

  • Multiple Layers of Security Implemented throughout the entire platform protecting your digital assets and the cryptocurrency exchange.
  • Flat-Fee for Each Transaction
  • Fiat Currency Accepted
  • Ample Digital Coins Available to Trade
  • Awesome Referral Program

Cons:

  • Previous customers have complained about Bittrex’s customer support. However, their team is doubling down on their efforts to improve this problem.
  • The platform is intimidating at first

Security

Across the Bittrex platform is a robust security posture that includes multiple security layers, two-factor authentication, encryption, identity verification, and reliable technology thwarting modern-day cyber threats.

Remember, the Bittrex platform was built by information security professionals who all had stints at some of the largest tech companies in the world.

Fees

Bittrex charges low “maker” and “taker” transaction fees. Fees range between 0.0% – 0.35%. The larger your account balance is, the cheaper the fees. Furthermore, there are no deposit fees and only a small withdrawal fee.

Products:

  • Secure Cryptocurrency Exchange
  • Instant Buy and Sell Cryptocurrency
  • Markets Tracker (Charts and Analysis)
  • Developer Friendly API

Final Verdict

As one of the most reliable and trusted bitcoin exchanges in the United States, Bittrex provides its users with a safe, secure, and enjoyable trading experience.

With low-fees, great technology, and security baked across the entire platform, Bittrex will continue to grow and attract more consumers as they become an industry leader.

#14. KuCoin

KuCoin, the self-proclaimed “People’s Exchange,” was founded in 2017 to fill a void in the crypto community: altcoin availability. At the time, popular exchanges only offered a few altcoins during the ICO boom, and KuCoin stepped up at the perfect moment. Traders using KuCoin could get in at the ground floor on many ICOs, and the exchange’s popularity soared.

KuCoin is another top cryptocurrency exchange.

KuCoin continued its rise in popularity by offering its users a profit-sharing referral program.

While the program’s benefits have scaled back with its rising success, KuCoin still shares 90% of its users’ total platform’s trading fees. Forty percent of fees go to the Referral Bonus and fifty percent to holders of KuCoin’s native token (KCS).

These incentives brought so many new users to the platform that KuCoin took measures to slow their own growth. A crypto dividend? Sign me up.

KuCoin did not get complacent in its initial altcoin niche and efficiently built out other products to become a one-stop-shop for crypto traders. Today, the website and mobile app offer all crypto products under the sun.

Best For:

  • Finding “the next crypto gem.”
  • Traders looking to do more with their cryptocurrencies

Pros:

  • A wide selection of financial products
  • Premier exchange for altcoins and “tokens listed beyond your imagination.”
  • Multiple Order Types for all kinds of risk appetites
  • Numerous funding options (Debit/Credit card, bank transfer, Paypal, SEPA, Interac, etc.)
  • 24/7 Customer Service
  • “Ten seconds” to Create an Account
  • Top Exchange Platform in Global Deployment
  • Different interfaces for beginners and experts
  • No KYC checks for privacy-oriented individuals
  • High liquidity due to its large number of users

Cons:

  • Hacked in September 2020 for $281 million (KuCoin has recovered most of the stolen crypto and identified suspects)
  • Centralized Exchange with most assets in hot wallets

Security

KuCoin’s hack in September was one of the largest in crypto’s history. Nearly 84% of the stolen crypto has been recovered, and KuCoin has claimed to have found the perpetrators.

The exchange was built to financial industry standards with bank-level data encryption and security. KuCoin has a specialized risk control department to administer rigid safeguards for data usage.

KuCoin’s Bug Bounty program pays users to find potential points of failure on the platform. This amount of user feedback will likely decrease the chance of another hack.

All exchanges are subject to hacks, and it’s important to only keep the amount of crypto you’re willing to lose on live platforms.

Fees

KuCoin offers some of the lowest trading and withdrawal fees available in the crypto ecosystem. It charges a 0.1% fee per trade and well below the industry-standard for futures trading. KuCoin’s fees match Binance’s, which is known for offering the lowest fees in the world.

Additionally, users can opt for KCS Pay and save more on the platform’s already low trading fees.

Keep in mind that 50% of the trading fees are paid back out to KCS holders in a dividend form. If you choose to stake KCS, you’ll be hard-pressed to find a platform with friendlier fees.

Products

  • KuCoin Exchange
  • KuCoin Fast Trade (best bid, 0 fees)
  • Margin Trading (up to 10x leverage)
  • API Trading for quants
  • Lite Futures Trading (for beginners)
  • Pro Futures Trading (for experts)
  • Futures Brawl (Long/short futures competition to win $15,000)
  • Lend out your crypto and earn a USDT Annualized Profit Rate of 12%
  • Pool-X (An exchange for staking and mining to provide liquidity and earn interest)
  • Soft-staking
  • KuCoin Bonus (crypto dividend for holding KCS)
  • Referral Bonus earned from inviting friends to register
  • KuChain coming soon (blockchain)
  • Kratos (experimental environment for contributors to submit their DeFi technology products to KuCoin adjacent gatekeepers)
  • KuCoin News
  • Bug Bounty Program (earn KCS to find bugs in KuCoin’s platform)

Final Verdict

KuCoin claims that 1 in 4 crypto holders worldwide uses their platform. With hundreds of millions of dollars in daily trading volume, KuCoin has certainly grown since its early altcoin niche.

Take advantage of their easy sign-up process and a full suite of services today. If you’re uneasy about KuCoin after its recent hack, consider opting for an exchange like Kraken that offers similar benefits.

#15. Poloniex

The self-proclaimed “legendary crypto exchange” was recently bought by TRON’s Justin Sun and a group of Asian investors in 2019. Poloniex’s change of ownership and relocation has restored traders’ confidence since its hack in 2014 when it lost 97 bitcoins.

Poloniex buy and sell crypto.

Poloniex is a one-stop-shop for crypto trading that offers a full suite of products, including an exchange, margin trading, futures, and lending. The platform also provides soft-staking, which allows you to earn interest without lock-up periods.

Poloniex uses interactive charts from TradingView to provide users with a customizable interface to track certain coins. You can choose between several indicators, graph types, and periods that make technicals more informed.

Additionally, there is a live chat box called “Trollbox” where platform users can talk to one another. Poloniex also has a live order book that shows the trade history on the platform.

Best For:

  • Day-Trading Crypto
  • Investors looking to do more with their digital assets

Pros:

  • Advanced Charting with TradingView
  • Low-Fees
  • Educational Content
  • Active Platform with Different Campaigns and Competitions
  • Leader of DeFi Tokens
  • Several Financial Services
  • Innovative
  • +250 Spot trading pairs and 25 margin trading pairs

Cons:

  • Cannot Connect a Bank Account
  • Fund Account with Crypto or Debit/Credit Card

Security

The exchange has had a stellar track record since its hack in 2014. Also, its security has improved since its change in ownership.

Poloniex has implemented continual automatic auditing of the entire exchange, upgraded its servers’ security, and reengineered the way commands are processed on the platform.

Poloniex rolled out a plethora of security measures to prevent another attack:

  • 2FA
  • Cryptographic signatures-based DNS cache protection
  • Most user funds are in cold storage
  • Protection against robot infiltration attacks on the web
  • Registry lock to defend against changes to the website
  • Increased private information safeguards
  • Session log history
  • Email confirmations and I.P. lockouts

Fees

Poloniex offers some of the lowest fees you will find. Its fee schedule has six tiers depending on the amount of crypto you transact and your 30-day trading volume.

You will pay even less if you hold a TRX balance on the platform or pay your trading fees in TRX. These discounts are used to encourage Poloniex client’s to use Justin Suns’ cryptocurrency TRON.

Products:

  • Buy & Sell Crypto
  • Swap Crypto Assets
  • Poloniex Futures (up to 100x leverage)
  • Earn Rewards for Trading
  • P2P Lending (Lend your BTC, USDC, USDT, and 10+ other crypto assets to earn interest directly in your account)
  • Soft Staking
  • Poloni DEX (Poloniex’s Decentralized Exchange and is a TRON-based exchange)

Final Verdict

Poloniex has clearly recovered from its shaky start and is now home to countless satisfied investors. Poloniex’s full suite of financial products attracts crypto enthusiasts looking to get the most out of their crypto.

Poloniex’s low fees and interactive charting tools result in a great exchange for both novice and expert crypto traders.

#16. Bisq

Bisq is an open-source desktop app that allows you to buy and sell bitcoin in exchange for fiat currencies or Altcoins. Bisq is a decentralized Bitcoin exchange, meaning that its peer-to-peer network does not require a third party to approve transactions.

The software will run on your own hardware, not a website run by someone else. Bisq uses the analogy of renting a home vs buying one when comparing itself to other decentralized exchanges. With Bisq, you own the house and have full control over the property.

Bisq is a safe crypto exchange.

Bisq’s features are conducive for crypto purists who value privacy and autonomy. Bisq stores your data locally on-disk and never sends it to a central server. Each Bisq node, built on top of the Bitcoin network, is a Tor hidden service by default.

Additionally, Bisq never holds your funds. Deposits are held in 2-of-2 multi-signature wallets to facilitate safe and successful trades.

Bisq’s DAO (decentralized autonomous organization) is built on Bitcoin and decentralized funding and governance to make Bisq self-sustaining and censorship-resistant.

The Bisq DAO uses cryptographic infrastructure to handle project decision-making and revenue distribution without central points of failure.

Contributors are compensated by traders through the BSQ token that is native to the platform.

This allows value transfers to occur without the need for a central entity like a bank or corporation. Traders will receive a discount if they pay trading fees using the BSQ token, but they can also pay with BTC.

Best For:

  • Peer-to-peer, Censorship-Resistant Exchange
  • “If Bitcoin’s motto is ‘be your own bank,” Bisq’s motto is “be your own exchange.”
  • Decentralization

Pros:

  • No Identity Verification
  • Fully Decentralized
  • Private – No Registration Required
  • Open-Source
  • Complete Control of Your Crypto

Cons:

  • No Customer Support
  • You’re out of luck if you lose something important

Security

Bisq does not collect user data, and its clients keep their private keys. Bisq is code, not a company, and its secure peer-to-peer network is not vulnerable to data honeypots because it has no central servers.

Large-scale hacks of customer information databases are impossible. Also, Bisq does not hold any bitcoin or national currency. The assets are controlled by the trading peers themselves.

Fees

Bisq encourages traders to use the BSQ token by offering a target discount of approximately 50% since BSQ fees directly contribute to Bisq’s development.

However, traders still choose how they prefer to pay trading fees when making or taking an offer.

Makers will pay 001 BTC and Takers .007 BTC in fees per 1 BTC. These fees are paid to fund the Bisq DAO.

Products:

  • BSQ token
  • Bisq Software Download

Final Verdict

Bisq is a transparent exchange that is built by the people that use it. Bisq even shares its statistics on its website and includes metrics like total monthly trades, number of software downloads, and Github contributors.

Bisq is a great choice for people that want privacy and full control of their crypto.

#17. Bitbuy.ca

Bitbuy has been Canada’s trusted choice for all-things crypto since 2016. You guessed it, Bitbuy.ca is the best cryptocurrency exchange for Canadians. Its mission is to provide Canadians with convenient, dependable and secure access to Bitcoin and other digital currencies.

Bitbuy.ca is the best crypto exchange in Canada.

Best For:

  • Canadian Residents

Pros:

  • Active Customer Support on Social Media Platforms
  • Competitive Fees
  • Fast Transaction Times
  • Basic & Advanced Trading Options
  • Free to Open an Account

Cons:

  • Only Fiat Functionality is Canadian dollars (CAD)
  • Limited to the seven major cryptocurrencies
  • Maximum Express Trade is $25K
  • Daily Deposit and Withdrawal Limits of $10K
  • $100 Account Minimum

Security

Bitbuy combines 2FA, SSL, and a 95% cold storage policy to give its customers peace of mind in the security department. Bitbuy is registered with Canada’s national financial intelligence agency (FINTRAC), is audited annually for proof of reserves, and has 1:1 Bitcoin insured balances.

Fees

Bitbuy has higher fees than its Canadian competition, Coinsquare, but its fees are still reasonable. Express trades on the platform run at 0.50% for buying and selling, while the Pro trade option comes in at 0.10% for the Maker and 0.20% for the Taker.

Deposit and withdrawals come with fees as well and vary between wire and e-transfers. Wire transfers require a minimum of $10,000, and Bitbuy collects 0.50%, while e-transfers will cost you 1.50%. Fees on Bitbuy will add up if you’re not careful.

Products:

  • Brokerage Services
  • Bitbuy Pro Trade (Advanced Charting provided by TradingView)
  • Bitbuy Over the Counter for trading more than $25K

Final Verdict

You should not use Bitbuy unless you’re a resident of Canada, eh. Bitbuy is a great option for its convenience and stellar customer support.

#18. ChangeNOW

ChangeNOW International Ltd provides easy swaps between digital assets. It is regarded for its anonymity, as it does not require account sign-ups and rarely asks for identification.

ChangeNow crypto exchange

Simply deposit your coins to a ChangeNOW wallet address, pick from +200 crypto assets you would like to exchange, and move along.

Best For:

  • Quick and Anonymous Asset Swaps

Pros:

  • No sign-ups required
  • Anonymous
  • Competitive exchange rates (selects leading price from exchanges like Binance and Huobi)
  • Limitless Exchange
  • Offers more currencies than its competitors like Changelly
  • The platform is available in 28 languages

Cons:

  • Credit card purchases have high-fees (more than 7%)
  • The only feature is cryptocurrency swaps
  • Larger transactions may require I.D.

Security

ChangeNOW does not custody its customer’s assets, meaning that it does not store your funds. Users deposit their assets to a ChangeNOW wallet address to make the swap, but the funds are only there long enough to make the swap.

Fees

There are no hidden fees– all costs are included in the exchange rate you are offered. ChangeNOW uses well-known exchanges to determine their costs, such as fee-friendly Binance and Bittrex.

Products:

  • Limitless Crypto-to-Crypto Exchange
  • Limitless Fiat-to-Crypto Exchange

Final Verdict

This is the place for fast, easy crypto-to-crypto and fiat-to-crypto swaps. ChangeNOW’s popularity stems from its convenience, low-fees, and anonymity.

The company is only a few years old and has a promising future. ChangeNOW plans to integrate more third-party wallets, create a native token, and build out its payment systems.

#19. Hitbtc.com

As they tout, “HitBTC is the most advanced bitcoin exchange.” This cryptocurrency exchange caters towards serious and experienced crypto investors.

With over 800 trading pairs and 500+ spot trading instruments, HitBTC is the world’s largest spot trading market. That said, HitBTC has mixed reviews from previous customers.

Best For:

  • Cryptocurrency Day-Traders
  • 24/7 Customer Support
  • Tiered Fees

What to Watch Out For:

  • Poor Customer Reviews
  • Bad Customer Support
  • Overly Complex
  • Not Available in the United States

Pros:

  • Advanced Bitcoin Trading Platform
  • Developer Friendly API
  • Loads of Data to Analyze
  • Cryptocurrency Charts

Cons:

  • Fees are Confusing to Understand. While it is tier-based, users really have to dig deep to find out how much they will pay for withdrawals, liquidating assets, holding coins, and trading cryptocurrency.
  • We do not like how it is not available in the United States. This raises a few questions on our end.

Security

While HitBTC’s security posture isn’t complex, it appears to get the job done. They employ two-factor authentication, advanced encryption, and place assets in cold storage.

Fees

HitBTC charges customers based on a tier-based fee structure. While it is confusing at first, it does lower the overall fees associated with trading cryptocurrencies. Moreover, they also charge fees for trading on margin, liquidating assets, and the traditional “maker” and “taker” fee, respectively.

Products:

  • Cryptocurrency Exchange
  • Over-the-Counter Trading Service
  • Market-Maker Contracts

Final Verdict

With 24/7 customer support (customers complain about slow response times), advanced APIs, and a progressive tiered based fee, there are a few attractive features offered on HitBTC.

However, the platform’s complexity is intimidating, which is why new crypto investors should pick a different cryptocurrency exchange.

Understanding Cryptocurrency Exchanges

What is the Best Cryptocurrency Exchange?

With over 13.3 million active users, a diverse selection of coins to buy and sell, and a robust platform, Coinbase is the best cryptocurrency exchange for 2021. Coinbase makes it easy for new crypto investors to open an account, purchase cryptocurrency, and store it in “hot wallets.”

What is a Cryptocurrency Exchange?

A cryptocurrency exchange enables consumers to buy, sell, and trade cryptocurrencies with another person. The cryptocurrency exchange serves as the “middleman,” and simply connects two identifiable parties (the seller and the buyer).

Furthermore, cryptocurrency exchanges allow you to “exchange” U.S. Dollars, Euros, and other currencies for digital currency, such as Bitcoin, Ethereum, Tether, and Litecoin. Hence the name “cryptocurrency exchange.”

Safe, secure, and regulated crypto exchanges traditionally require you to verify your identification (I.D.) before you can open an account. This is a necessary security protocol and the first step of defense for thwarting off potential hacks and scams.

How Do Cryptocurrency Exchanges Work?

Crypto exchanges act as a marketplace for consumers and businesses to convert fiat currencies into cryptocurrencies (fiat-to-crypto).

Fiat currency is U.S. Dollars, pounds, euros, and other accepted foreign currencies for those that do not know. Additionally, these exchanges allow you to also convert from one cryptocurrency to another (crypto-to-crypto).

Cryptocurrency exchanges act like the stock market. Investors and businesses can buy and sell different assets.

In this instance, they are transacting digital coins known as cryptocurrency, instead of individual stocks. However, like the stock market, these currencies are valued based on their current market price.

Finally, cryptocurrency exchanges can either be centralized or decentralized exchanges.

Types of Crypto Exchanges

Below are the pertinent details about the different types of cryptocurrency exchanges.

Centralized Exchanges

Centralized cryptocurrency exchanges are the most common. These exchanges are owned, monitored, and regulated by private companies. They hold registrations, licenses, and are regulated by various governing bodies.

Common centralized exchanges are Coinbase, Gemini, BlockFi, Binance, and Kraken. These exchanges all have their own servers and custodial accounts for you to store your cryptocurrency.

The best-centralized exchanges also provide their users with a certain level of insurance. So, if the exchange were to be compromised, you could file a claim and receive payment for the damages endured.

Decentralized Exchanges

Bitcoin was founded on the principles of anonymity, privacy, and security. Decentralized exchanges are now owned or regulated by any one group or company.

They are decentralized, and ownership is shared amongst its users. This level of freedom is what makes cryptocurrency attractive, beneficial, and complex.

Decentralized exchanges are not subject to a ruling body, and users do not need to verify their identity. Since no individual or entity is in “control,” decentralized exchanges are hard to compromise, exploit, pursue, and manipulate. This is why they are secure and safe to use.

How Do I Choose a Cryptocurrency Exchange?

When choosing the top cryptocurrency exchange, there are a few factors you need to consider.

#1. Security

Security is one of the most important features to review before selecting a crypto exchange and beginning trading.

While each centralized exchange varies in what they offer, we like to see protection insurance offered to consumers, certifications (SOC 1 Type 1, SOC 2 Type 2, & ISO 27001), two-factor authentication, encryption, and secure storage.

Additionally, it is comforting to see a brand partner with a third-party enterprise vendor (cybersecurity firm) to prevent and mitigate against denial-of-service (DDoS) attacks.

#2. Industry Reputation

Even though the crypto industry is relatively new, a few cryptocurrency exchanges standout amongst the crowded field. Coinbase, BlockFi, Binance, and Gemini are clear industry leaders who prioritize safety, security, and transparency. These brands continue to innovate, move the crypto industry forward, and release cutting edge technology that gives more power to the consumer.

#3. Geographical Availability

Depending on which top crypto exchange you choose, the platform’s overall functionality and capability may be restricted due to your geographical location.

Some functions and or complete exchange access is only allowed for those located in the U.S., Canada, Australia, or the United Kingdom. Research the exchange before you begin trading, and make sure you are not restricted.

#4. Fees & Exchange Rates

Each bitcoin trading exchange monetizes its services differently. It pays to shop around and compare your options. Some require a minimum balance to get started, while others will charge a flat transaction and withdrawal fee.

#5. Verification Requirements

Almost all of the crypto trading exchanges in the United States, United Kingdom, Canada, and Australia require you to verify your identification. Before you open an account, this step is needed to make a deposit, trade cryptocurrencies, and withdrawal money.

It is important to note that this step may take some time, so have patience. That said, this feature is paramount to the security of the exchange.

It protects it from financial scams and potential nefarious actors. However, there are still a few exchanges that allow you to remain anonymous and behind your keyboard.

#7. Platform

Does the platform only offer a website? What about a robust mobile app? As a consumer, you need to choose a bitcoin trading exchange that provides you with a secure website and mobile app and real-time cryptocurrency quotes.

After all, cryptocurrency is volatile, and it is nice to know what the market price of your coin is at any given time.

#8. Supported Coins

Crypto investors are a dynamic bunch. Some like to focus strictly on bitcoin, while others want to shop around and see what cryptocurrency coins are available. The best cryptocurrency exchange will allow you to invest in hundreds of different digital assets.

#9. Payment Methods

What payment methods are supported on the platform? The best crypto exchange will allow you to fund your account with other cryptocurrencies, PayPal, bank transfers, wire transfers, or by connecting a credit card. Pick a bitcoin trading exchange that allows you to fund your account with ease.

#10. Customer Support

Centralized cryptocurrency exchanges offer the most customer support for their users.

Some exchanges have live-chat features where you can ask support specialists questions or get an issue situated. Additionally, some exchanges offer phone support (in varying languages) and can answer questions by email.

Whether you need tailored guidance, help funding your account, or want to learn more about the cryptocurrency exchange, customer support is paramount to your success.

What Coins Can I Buy on a Cryptocurrency Exchange?

With thousands of cryptocurrencies to choose from, the opportunities are endless for crypto investors, evangelists, and enthusiasts. At a minimum, make sure your cryptocurrency exchange supports:

  • Bitcoin
  • Ethereum
  • Tether
  • Litecoin

These are the four most popular cryptocurrencies. They all have high volume, liquidity, and ample traders entering and exiting positions.

Fortunately, since these coins are popular, the best cryptocurrency exchanges will support them and hundreds more.

Top Cryptocurrency Exchanges by Geographical Region

What is the best cryptocurrency exchange in the United States?

The answer to this question varies depending on what you are looking for. The most widely used cryptocurrency exchange in the United States is Coinbase, while Gemini is the most secure.

Both Gemini and Coinbase are the two best crypto exchanges in America. They provide unparalleled services and ease to their users. Both make investing in Bitcoin and cryptocurrency easy and not intimidating.

Related: How to Buy Bitcoin

What is the best cryptocurrency exchange in the United Kingdom?

Taking the top spot for the best crypto exchange in the U.K. is Coinbase. As you can see, Coinbase is one of the most widely known and accessible cryptocurrency exchanges in the World.

What is the best cryptocurrency exchange in Australia?

If you are an Australian resident, there are two exchanges you should consider: Coinbase and Swyftx. Swyftx is 100% Australian, while Coinbase is headquartered in the United States.

Both crypto exchanges will enable you to buy and sell bitcoin and other cryptocurrencies. That said, Coinbase offers a better experience, and the platform is easier-to-use.

Related: How to Invest in Cryptocurrencies

What is the best cryptocurrency exchange in Canada?

As the most established cryptocurrency exchange in Canada, Bitbuy takes the top spot in this category.

With vast crypto assets, unique features, and a robust platform, Bitbuy continues expanding its offerings. Above all, this brand is devoted to empowering Canadian’s with tactical advice and transparent resources.

Best Cryptocurrency Exchanges FAQs

What Cryptocurrency Exchange is the Most Secure and Safest?

Undergoing regular bank exams and regulated by the New York Department of Financial Services, Gemini is the most secure crypto exchange. Moreover, they are the first exchange and custodian to obtain an ISO 27001 certification.

Gemini also successfully completed a SOC 1 Type 1 Exam and SOC 2 Type 2 Exam.

This achievement highlights its commitment to infrastructure security, account security, asset security, and compliance.

What is the Largest Crypto Exchange in the World?

Based on its user base, Binance is the largest crypto exchange in the world. Touting 13.5 million active users, Binance continues to enter into new markets and expand their product offerings.

However, if you were to answer this question based on available coins, then Coinbase is the largest.

What Cryptocurrency Exchange is the Most Popular?

Hailing from San Francisco, California, Coinbase is the most popular U.S. crypto exchange.

Globally, Coinbase trails behind Binance; however, this gap continues to close each month. Coinbase makes it easy for new crypto investors to set up an account and start trading.

Which Crypto Exchange Has the Lowest Fees?

Continuing to revolutionize the financial industry, Robinhood offers users fee-free crypto trading. So, if you are looking for a cheap cryptocurrency exchange, then Robinhood is your best bet.

Trailing behind Robinhood is Binance. With fees hovering between 0.05% – 0.10%, Binance US offers some of the lowest cryptocurrency exchange fees.

Related: What is Blockchain Technology?

Are Cryptocurrency Exchanges Safe?

Yes, however, consumers need to understand the security risks when trading bitcoin or cryptocurrency. Centralized exchanges are vulnerable to cyber-attacks and hacks, which results in digital assets being stolen from users.

In 2014, 850,000 BTC were stolen from Mt. Gox, which was formerly the largest Bitcoin exchange. Since this heist, Mt. Gox has shuttered operations. And in May 2019, Binance was also hacked; however, this time only 7,000 BTC were stolen.

Each year poses new security challenges for both foreign and U.S. cryptocurrency exchanges.

But, to mitigate the associated risks, the best cryptocurrency exchanges are employing a robust cybersecurity posture and are tapping into third-party experts to help monitor their platforms.

Learn More: Is Cryptocurrency Safe?

Bottom Line: The Best Cryptocurrency Exchanges

Fortunately, cryptocurrency exchanges make it easy for consumers to invest in Bitcoin, Litecoin, Ethereum, and other crypto-assets.

To get started, you need to choose a crypto exchange, open an account, and purchase the cryptocurrency of your liking.

Undeniably, 2021 will be a year where cryptocurrency becomes accepted and continues to gain momentum.

However, investors should continue to monitor potential regulation from the U.S. Government and should shop around for the lowest fees.

Methodology: How We Reviewed the Best Cryptocurrency Exchanges

Our cryptocurrency and blockchain experts’ put hours into curating an unbiased list of the best crypto exchanges. We analyzed each crypto exchange based on security, compliance, fees, and technology. We are committed to providing our loyal readers with actionable insight, so they can make safe and smart cryptocurrency investment decisions.

 

Sean Graytok
Sean Graytok
Sean is a lifelong student of the financial, media, and marketing industries. He is a Generation Z investing expert and is on a mission to empower investors to make the most of their money.