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Best Crypto Exchange Platforms & Bitcoin Trading Options for 2021

We’re living in an age of rapid cryptocurrency expansion. With nearly 8,000 different cryptocurrencies, a total market cap of almost US$600 billion, and a daily volume of over US$100 million according to CoinMarketCap, cryptocurrencies have never been bigger, and the growth trend is only going to improve.

Whether you’re a seasoned miner or a new investor looking to do some Bitcoin trading, this article is for you. We’ve searched the internet for the best crypto exchange markets in 2021 so that you don’t have to. These are our favorites.

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10 Best Crypto Exchanges in 2021

1. Coinbase

Lots of cryptocurrencies supported

Very intuitive user interface

Fantastic security features

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Coinbase is perhaps the world’s best-known crypto exchange and the best Bitcoin trading platform according to many happy customers around the globe. In business since 2012, it has managed to accumulate an international base of tens of millions of users and has generated more than US$300 billion in total trading volume. If you’re looking to buy cryptocurrency, sell, or trade it, this is probably the best place to start.

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Supported currencies:

38

Fiat support:

Yes

Trading fee:

1.49% to 3.99%

Mobile app:

Yes

Wallet app:

Yes

2. Kraken

One-on-one support

Very competitive trading fees

High-security measures

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One of the oldest exchanges on the market, Kraken has offered services to a steady base of experienced crypto traders since 2011. Kraken is famous for its security, high liquidity, and the decent number of crypto pairs you can trade here. Its fees go as low as 0% and its customer support team is easily reachable, earning Kraken a spot among the top crypto exchanges. While it’s not the best option for beginners as its user interface is rather complex, experienced crypto traders will surely find Kraken’s features useful.

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Supported currencies:

58

Fiat support:

Yes

Trading fee:

0% to 0.26%

Mobile app:

Yes

Wallet app:

No

3. Gemini

High trading volume

Advanced trading interface with ActiveTrader™

Good mobile apps

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One of the best crypto exchange sites on our list is run by a New York-based trust company and digital marketplace. It offers some of the lowest rates in the business, has the highest number of cryptocurrencies to trade of all companies on our list, and offers some truly great advanced trading features and apps to boot. Combine this with mostly positive Gemini reviews online and you start to get the picture.

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Supported currencies:

57

Fiat support:

Yes

Trading fee:

Up to 1.49% (min. $0.99)

Mobile app:

Yes

Wallet app:

Yes

4. Coinmama

Great choice for beginners

Supports bank transfers, credit/debit cards, and many other payment methods

Excellent customer support

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If you’re new to the world of cryptocurrency trading, Coinmama is a great place to start. With a streamlined interface featuring handy currency converters and very helpful customer support, it’s a great place to kick off your crypto trading adventure.

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Supported currencies:

10

Fiat support:

Yes

Trading fee:

5.5%

Mobile app:

No

Wallet app:

No

5. Binance

High safety standards

Very low transaction fees

Pre-ICO stage incubator

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Binance is one of the more robust crypto exchange platforms out there, and for its sheer size alone, it has rightfully earned its place among the top crypto exchanges. Suitable for both experienced traders and beginners, it offers a great variety of services within its ecosystem. The platform has its own Binance Coin (BNB), which functions on the Binance Chain and is designed for facilitating transactions, making purchases, and paying transaction fees.

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Supported currencies:

More than 150 coins

Fiat support:

Yes

Trading fee:

0.1% for all trades, except peer-to-peer

Mobile app:

Yes

Wallet app:

Yes

6. eToro

Has an excellent reputation

Low trading fees for some cryptocurrencies

CopyTrader and virtual dummy account features

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eToro is a huge marketplace for trading all sorts of currencies and assets. While not as crypto-focused as some of our other competitors, it’s still an excellent marketplace to consider and is one of the best crypto exchanges around.

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Supported currencies:

15

Fiat support:

Yes

Trading fee:

0.75% to 4.5%

Mobile app:

Yes

Wallet app:

Yes

7. CEX.IO

Staking opportunities

Margin trading options

Multiple fiat payment options

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Famous for its ease of use, CEX.IO is widely considered the best cryptocurrency trading platform for those looking to start trading cryptos from scratch. With multiple fiat options and quite a reasonable number of cryptos, getting into the world of cryptocurrencies with CEX.IO is definitely a worthwhile option.

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Supported currencies:

65

Fiat support:

Yes

Trading fee:

0% to 0.25%

Mobile app:

Yes

Wallet app:

Yes

8. Changelly

No history of security breaches

A flat-to-cryptocurrency exchange fee of 0,5%

Has a professional version that simplifies trading

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Unlike other crypto exchanges on this list, Changelly is more of a middleman than a cryptocurrency exchange. With more than 160 cryptocurrencies on offer, Changelly is the place to go if you have some altcoins you’d like to exchange for fiat or crypto. Partnered with some of the best sites to buy cryptocurrency, it manages to offer some of the best rates you’ll find on the market. Changelly has every right to be proud of its fast transactions and the level of anonymity it provides to users.

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Supported currencies:

160+

Fiat support:

Yes

Trading fee:

0.25%

Mobile app:

Yes

Wallet app:

No

9. Paxful

Simple way to purchase Bitcoin and other currencies

Instant live chat with an experienced seller

Top-notch safety and security

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Paxful is a peer-to-peer Bitcoin and Tether trading platform that offers the widest variety of payment options for buying Bitcoin. While its functionalities are fairly limited, Paxful remains a contender for the title of best Bitcoin trading platform. It supports about 30 cryptocurrencies and nine bank transfer options, as well as accepting 124 different gift cards that you can exchange for Bitcoin.

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Supported currencies:

30

Fiat support:

Yes

Trading fee:

0.5% to 1%

Mobile app:

Yes

Wallet app:

Yes

10. Swapzone

300+ cryptocurrencies to swap between

Plenty of educational resources for new traders

No need to sign in to swap your cryptos

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Operating since the end of 2019, Swapzone is an easy-to-use cryptocurrency exchange aggregator. The site helps its users find the best crypto exchange rate to swap their cryptocurrency. Best suited for traders who don’t want to spend hours requesting offers from different providers on their own, the site lets you compare up to 20 best crypto exchanges and over 300 crypto assets based on their affordability, rating, and processing time.

Read full review

Supported currencies:

300+

Fiat support:

No

Exchange fee:

Depends on the exchange partner

Mobile app:

No

Wallet app:

No

Our Criteria for Evaluating the Best Cryptocurrency Trading Platforms

It doesn’t matter which currency exchange platform you use – trading cryptocurrency can be tricky if you aren’t familiar with the trends in the industry. It also helps to do a little homework on the digital currency exchange sites you plan to visit.

There are several factors to consider when choosing the top crypto exchanges around, so we picked the most important ones from our review methodology to help you get started.

Supported Currencies

When you’re looking for a cryptocurrency exchange platform, the first thing to determine is what sorts of currencies it supports. This isn’t just about cryptocurrencies like Bitcoin and Ether; you also need to know whether it exchanges for fiat currency and which ones are available.

Deposit and Withdrawal Methods

As with currencies, it’s very important to determine what methods you can actually use to conduct transactions on the cryptocurrency websites of your choice.

The best website to buy cryptocurrency will be of little use to people using credit/debit cards or bank transfers if their chosen transaction method isn’t supported by it. These days, eWallets are also a pretty popular choice.

Mandatory Fees

Much like banks, cryptocurrency platforms make their money mostly through exchange rates. That said, you may still be charged several types of fees, such as deposit, withdrawal, CFD trading, and inactivity fees.

There are also transaction fees, which are an essential part of every crypto transaction.

Security Measures on cryptocurrency trading sites

Although it’s not first on our list, this is one of the most important factors to consider when looking for the best Bitcoin trading platform (or altcoin trading) for your needs.

From fund security to the privacy of your personally identifiable information, the best cryptocurrency exchanges take great care to uphold their reputation by keeping all transfers safe from and secure against all potential hackers and scammers.

Security measures can include detailed user ID verification, two-factor authentication, the latest encryption protocols, asset insurance, and more.

User Experience

A well-designed Ether, Litecoin, or Bitcoin trading platform will go a long way towards creating a positive experience when you’re crypto trading. Digital currency exchange can be confusing enough without clunky user interfaces and a flood of poorly presented information.

In addition to a well-designed user interface, crypto exchange reviews often point out the value of having good mobile and wallet apps on your chosen platform. While not mandatory, these can definitely make the experience of selling and buying cryptocurrency better and give you more options for trading on the go.

Customer Support

Last but not least, we also examine the quality of customer support at various cryptocurrency exchanges on the internet. Whether you’re new to the site, new to cryptocurrency exchange in general, or simply have a technical or transaction-related issue, good customer support can make the difference between a seamless and enjoyable experience and giving up on the whole idea.

Here we consider the working hours of the customer support team, the methods that can be used to reach out to agents, and the overall quality of the customer service.

Further Reading

Best Crypto Exchanges of 2021:

  • Coinbase

    - Best for security features.
  • Kraken

    - Best for experienced traders.
  • Gemini

    - Best for mobile users.
  • Coinmama

    - Best for beginners.
  • Binance

    - Best for fiat to crypto exchanges.
  • eToro

    - Best for low trading fees.
  • CEX.IO

    - Best for margin trading.
  • Changelly

    - Best for altcoins.
  • Paxful

    - Best for purchasing Bitcoin.
  • Swapzone

    - Best for researching exchange rates.

Crypto Exchange Reviews

A name that has been synonymous with cryptocurrency trading for almost a decade, Coinbase is the first marketplace that over 35 million people worldwide think of when asked to recommend a cryptocurrency exchange app.

With nearly 40 supported cryptocurrencies, a fantastic wallet app, and excellent security features, it’s one of the world’s best places to trade crypto, as our Coinbase review will show.

Supported Currencies

At the time of writing this article, a total of 38 different cryptocurrencies were available for trading, including classics such as Bitcoin, Ripple, and Litecoin, as well as more obscure ones like Algorand, Augur, Ren, Orchid, and Civic.

In addition to being one of the biggest crypto exchanges around, the list of Coinbase supported currencies includes fiat currencies such as US dollars, British pounds, and euros.

Deposit and Withdrawal Methods

In terms of trading methods, you can make purchases using bank wire transfers (and ACH in the States or SEPA in the European Union), as well as credit and debit cards. Withdrawals can also be made through PayPal.

Finally, you can make a Coinbase crypto wallet, which will also lift the $25,000 daily trading limit for wire transfers.

Mandatory Fees

Even the best cryptocurrency exchange around still charges fees for trading, and Coinbase prices are pretty standard for the industry.

The spread fee for cryptocurrency purchases and sales is roughly 0.50%, but there’s also a Coinbase fee that represents the greater value between a flat fee and a variable percentage fee determined by region, product feature, or payment type.

The flat fees can range from $0.99 (total transaction value less or equal to $10) to $2.99 (more than $50 but less than or equal to $200).

The percentage fees in the US vary from 1.49% (US bank accounts and Coinbase wallet) to 3.99% for debit card purchases. ACH deposits are free, while wire transfers cost $10 ($25 outgoing).

Security Measures

If you like centralized exchanges, Coinbase is quite possibly the best cryptocurrency trading platform around. You do miss out on complete control over your crypto wallet, but in return you get one of the safest places to store your crypto funds online.

Almost 100% of user crypto funds are held in cold-storage locations around the globe and all traffic is fully encrypted, with wallets featuring 256-bit AES encryption.

You are required to submit your banking information for direct deposits and personally identifiable information such as your passport in order to verify your account. All of the information is securely stored and Coinbase will never share it with third parties.

Coinbase security also features a 2FA system with Google Authenticator as a backup, and the USD wallet is covered up to $250,000 by FDIC Insurance.

User Experience

In addition to a user-friendly and intuitive interface, Coinbase has perhaps the best crypto exchange app around, and it is available for both iOS and Android systems.

The apps are decentralized and come with advanced security features such as biometric and two-factor authentication.

Customer Support

Customer support is one area in which Coinbase could use some improvements. There is a very detailed and well-written FAQ section on the site, but other than that you’ll only have the option of reaching out via an email ticket.

You can follow the company’s status updates on Twitter, but due to security concerns the ticketing system is your only means of getting technical support.

Reasons to Open Account

Lots of cryptocurrencies supported

Very intuitive user interface

Fantastic security features

Founded back in 2011, Kraken holds the title of the most reliable crypto exchange, and achievement that has stood the test of time. Still famous for its exceptional security, Kraken long has been the exchange of choice for experienced crypto traders.
Users love Kraken for its high liquidity and overall exceptional process when it comes to handling orders. The support team is available 24/7, and there are currently 58 cryptocurrencies to be traded here. For nearly a decade, Kraken has been one of the largest crypto exchanges and a great place to trade profitably.

Supported Currencies

Currently, Kraken supports 58 cryptocurrencies. It was at the forefront of Bitcoin adoption, so there’s no surprise that the original crypto remains popular here. However, the site also accepts coins like Dogecoin, Litecoin, Kusama, Waves, and many more.

There’s a great number of cryptocurrency pairs to be traded here. Kraken also accepts multiple fiat options, including, but not limited to, USD, EUR, GBP, and JPY, making trading these as easy as possible.

Deposit and Withdrawal Methods

As you’d expect from one of the best crypto exchanges out there, Kraken allows you to make deposits and withdrawals through SEPA, SWIFT, and domestic and international wire transfers. This is exceptionally convenient for residents of the European Union. Some of the deposit and withdrawal methods are free, while some incur a fee. Make sure to check individual rates before making a deposit or withdrawal.

There are no limits for deposits. However, depending on your verification level, there are limits on withdrawals, which range from $5,000 per day for the lowest tier up to $10,000,000 daily for the highest tier.

You should note that, according to many crypto exchange reviews, it usually takes one to five business days to process these orders, depending on your method of choice.

Mandatory Fees

Being a peer-to-peer exchange, Kraken only takes a mandatory fee when the trade is completed. This fee can range from 0% to 0.26% of the total value of the trade. A minimum trade fee based on a traded pair is also set in place, and you can also expect some margin fees.

Security Measures

There’s no doubt whatsoever that Kraken is one of the best cryptocurrency exchanges when it comes to security. How can you be sure? Well, it has never been hacked. Considering that it’s one of the oldest exchanges out there, that’s very impressive.

With Kraken, all cryptocurrencies are held in an offline wallet that’s safe from hackers, and user accounts are secured with two-factor authentication among many other measures.

User Experience

Overall, traders are delighted with Kraken, as it offers all the functionalities necessary for them to trade with ease. The Kraken app is handy, even though its speed leaves room for improvement.

However, you should know that Kraken’s thorough KYC and verification process is notoriously tricky, which drives some users away. Many reviews complain of losing money through Kraken, although that’s through poor trading choices, not through any fault of the website.

Customer Support

Customer support is what Kraken excels at. The site’s extensive support documentation should be your first port of call. If that fails, you can speak to a support agent via 24/7 live chat or email. We can’t tell you how nice a change this is after reviewing so many sites with lackluster support.

Reasons to Open Account

One-on-one support

Very competitive trading fees

Extensive security measures

A true industry powerhouse, New York-based Gemini has been around since 2014.

The company offers a huge range of services, including crypto trading, storage, and payment solutions, while having military-grade security features and very affordable rates.

Gemini vs Coinbase is one of the most searched queries relating to cryptocurrency trading, which tells you all you need to know about this company’s popularity.

Supported Currencies

If you’re wondering where to buy Bitcoin, Litecoin, Ripple, or just about any other remotely well-known cryptocurrency on the market, Gemini has you covered.

With a list of cryptocurrencies that includes 57 different virtual currencies as of writing this article, you’re bound to find what you’re looking for here.

Fiat currency support is not quite as good, but with Australian, Canadian, Hong Kong, and US dollars, as well as British pounds and euros, most of the major bases are covered for traditional currencies as well.

Deposit and Withdrawal Methods

As arguably the best crypto exchange for USA customers, Gemini doesn’t disappoint when it comes to supported transfer methods, either.

If you use ACH transfers, deposits will have a daily limit of $5,000 and a monthly one of $15,000, while withdrawals will have a daily limit of a whopping $100,000. Numbers are even higher for institutional use.

Wire transfers and digital assets have no limits whatsoever, other than a $100 minimum withdrawal limit for wire transfers.

There is a daily limit of $500 on debit card purchases if you’d rather use those instead.

Mandatory Fees

While there are obviously going to be a lot of fees with any trading of cryptocurrency stocks, Gemini is probably the best Bitcoin trading platform if you’re looking for low transfer fees.

Gemini fees are based on a tiered system, with transfers of up to $200.00 having fees ranging from $0.99 to $2.99, and those above that limit costing 1.49% of the transfer value.

There is also a convenience fee when using the web interface or mobile app, which works out at 0.50% of the current Gemini price of a given trading pair, and a separate fee if using the ActiveTrader platform, which we’ll talk about a little later.

Security Measures

If you’re wondering what is the best crypto exchange when it comes to security, Gemini makes a pretty strong case here too.

Frankly, the list of the site’s security measures goes beyond the scope of this review, but we’ll just briefly mention some:

1. Both hot and cold storage, using hardware security modules (HSMs) that have achieved a FIPS 140-2 Level 3 rating or higher.
2. 2FA and the option to use hardware security keys.
3. Military-grade encryption and options for address whitelisting.

User Experience

In addition to a streamlined platform that’s mobile-friendly, Gemini has possibly the best mobile crypto exchange app, as well as an excellent wallet app and even one used for crypto payments.

The company also offers great additional services like using the world’s first regulated stablecoin, Gemini Dollar, and a fantastic trading platform called ActiveTrader with features such as advanced charting, multiple order types, auctions, and block trading.

The overall user experience is fantastic, especially if you opt for the advanced ActiveTrader service. Just be aware that this will incur additional trading fees.

Customer Support

The primary channel for contacting customer support is email, but you can also reach out via a toll-free phone number or over Twitter.

You can also consult various FAQ documents on the site. Our experience with the customer service team was very positive; the agents are helpful and quick to respond to support tickets.

Reasons to Open Account

High trading volume

Advanced trading interface with ActiveTrader™

Good mobile apps

A popular financial service from Israel, Coinmama has since 2013 been on a mission to streamline the cryptocurrency trading process so that even complete beginners can enjoy it without feeling out of their depth.

It acts not as a centralized crypto trading post, but as a marketplace where you can directly sell Bitcoin or buy BTC and other cryptocurrencies with fiat currencies.

Supported Currencies

If Coinbase is a strong candidate for the best crypto exchange in the USA, Coinmama presents an attractive offer for new traders anywhere in the world.

While there are “only” around 10 cryptocurrencies (BTC, BCH, ETH, ETC, ADA, LTC, QTUM, XRP, and XTZ), the site supports pretty much every fiat currency you can imagine, though prices are listed only in USD, EUR, GBP, CAD, AUD, or JPY.

Deposit and Withdrawal Methods

At Coinmama, you cannot trade for cryptocurrencies with other users or even sell most of them. Instead, you can buy one of 10 cryptocurrencies with fiat currencies from Coinmama or sell Bitcoin directly to the site.

This makes it one of the best fiat crypto exchange options on our list and a very simple one for beginners, but also a very limited one in scope.

Purchases are made through either credit/debit cards or fund transfers, and options include Fedwire, Faster Payments, SEPA, Apple Pay, and SWIFT bank transfers.

Purchase limits depend on your authentication level, with $15,000 being available with a valid government-issued ID, up to $50,000 with a utility bill, and $100,000 by filling out a special form and contacting the support team directly.

Mandatory Fees

If you’re looking for the crypto exchange with the lowest fees, Coinmama is not going to be your marketplace of choice. You can expect an average fee of 5.5% for most transactions, while credit/debit cards will incur an additional 5% charge on top of that.

The rates are calculated by adding a XBX Index average + a percentage based on your loyalty level that ranges between 2.9% and 2.1%. The loyalty levels are called Crypto Curious, Crypto Enthusiast, and Crypto Believer, and you can work your way up the ranks by investing in cryptocurrency.

Non-UK SWIFT bank orders also have a minimum order amount of $1,000 or you’ll have to pay an additional £20 fee.

Security Measures

To be considered the best cryptocurrency exchange in 2021 and beyond, you have to pay close attention to security measures on your platform. Coinmama doesn’t offer a wallet function to its customers, so your funds are only as secure as your own best crypto wallet solution.

That said, it does use top-end security protocols on the site, and it’s regulated by the Financial Crimes Enforcement Network (FinCEN).

User Experience

A very simple, streamlined, and mobile-friendly user interface will greet you from the moment of your first Coinmama login. There’s a handy currency converter on the homepage that’s very useful when you want to purchase Bitcoin or other cryptocurrencies.

The buying process itself is also very simple, making it the best exchange for cryptocurrency beginners.

You only have to pick the currency and amount you want to purchase, then provide details about the crypto wallet that will receive the purchased funds. While there are no dedicated mobile apps, the platform is optimized for mobile devices.

Customer Support

The customer support team is available through email support forms or Facebook, and you can also check extensive FAQ documents on the site.

Our experience mirrors that of most online reviews: the staff is very friendly and helpful, though we’d much prefer a live chat or phone support option.

Reasons to Open Account

Great choice for beginners

Works with bank transfers, credit/debit cards, and many other payment methods

Excellent customer support

Nowadays, Binance is one of the biggest crypto exchanges in the world, and probably the most famous. From its humble origins beginning with the cryptocurrency boom back in 2017, it has steadily risen to become one of the most trusted crypto exchanges on the market.

Binance currently trades with a large number of cryptocurrencies as well as a custom-made cryptocurrency of its own: BNB, or Binance coin. BNB powers the whole ecosystem created around Binance, with the binance.us serving the American population. Its hub helps pre-ICO projects by listing new coins regularly.

Supported Currencies

Binance belongs amongst the largest crypto exchanges, allowing users to trade more than 150 cryptocurrencies. Among these, you’ll of course find the classics like Bitcoin, Ether, and Litecoin. You’ll also be able to trade lesser-known coins such as Siacoin, Ravencoin, and New BitShares.

As for fiat currencies, Binance will accept your American, Australian, Hong Kong, or Canadian dollars, British pounds, and Polish zloty, among many others.

Deposit and Withdrawal Methods

You can purchase each of these cryptocurrencies with fiat currencies, stablecoins, or via third-party payment options that are available in selected countries.

Binance is considered one of the best fiat-to-crypto exchanges. You won’t be able to make a trade before depositing money into your account, so make sure you have enough fiat at the ready before initiating a buy. You can do so via a bank deposit, credit, or debit card, or you can use one of the third-party payment options.

For unvalidated accounts, the withdrawal limit is 2 BTC per 24-hour period. Verified members can withdraw as much as 100 BTC per day.

Mandatory Fees

When it comes to buying and selling online, you always need to consider the fees. Binance is no exception, with its standard fee of 0.1% for buying and selling. However, traders are incentivized to buy BNB; those who hold this coin get a 25% discount, which could potentially make Binance the crypto exchange with the lowest fees.

Security Measures

Even though Binance is still relatively new, it has taken all the necessary steps to make sure the site is as secure as can be.

However, it’s important to mention here that Binance was hacked in February of 2019, with $40 million worth of tokens getting stolen. For one of the best Bitcoin exchange options on the market, this was devastating and dealt a huge blow to the site’s reputation. On the plus side, this hack made Binance aware of its shortcomings. Since then security has vastly improved, meaning that Binance is now among the top crypto exchanges in terms of security.

Binance proudly employs AI to help with the verification process, big data analytics solutions to monitor suspicious activity on the exchange, and cyber-forensic investigations to track and locate suspects.

At Binance, you can rely on a two-factor authentication process that includes both a PIN and a private key that is needed to authorize any transaction.

User Experience

You might have already heard chatter that Binance has the best crypto exchange app. Indeed, Binance’s mobile app has quite an excellent reputation, and for good reason. The app comes in two versions: Lite and Pro. Beginner traders will benefit more from the easy-to-use Lite version, while experienced traders will certainly appreciate the detail-heavy Pro version.

Customer Support

Unfortunately, Binance’s overall good reputation doesn’t extend to its customer support offer. Many online reviews mention this as one major area in which Binance needs to improve.

While you’re unlikely to get the personalized service you desire, you will find a pretty detailed FAQ section that’s full of information you need to start trading on Binance.

Reasons to Open Account

Plenty of cryptocurrencies supported

User interface adjustable between Lite and Pro

Binance’s peer-to-peer trading doesn’t incur any fees

eToro is more than just a top cryptocurrency exchange platform. As one of the world’s largest trading markets for ETFs, stocks, fiat currencies, indices, and commodities, it’s a one-stop shop for traders of all persuasions, with crypto simply being one of the more popular options lately.

With 15 cryptocurrencies, a great platform, and some unique perks for its traders, eToro is a great option to consider.

Supported Currencies

For a market that wasn’t primarily designed to trade cryptocurrencies, eToro has a pretty good list.

While it’s not as extensive as what you’d find on Coinbase, there are still 15 different cryptocurrencies available to trade here, including Bitcoin, Bitcoin Cash, Ether, Dash, Ripple, Zcash, and many more.

It’s also a contender for the best crypto exchange for UK and European residents, as well as people from Asia, as the platform supports trading in a ton of fiat currencies from both continents. That said, credit card deposits can only be made in USD, GBP, EUR, and AUD.

Deposit and Withdrawal Methods

In terms of payments, all standard methods such as credit and debit cards, bank transfers, and eWallets are supported.

Deposit limits vary between methods, with bank transfers being the only ones with no upper limit. The minimum first-time deposit varies from $50 to $10,000 depending on your region and chosen transfer method.

Mandatory Fees

In terms of fees, when it comes to cryptocurrencies you only have to worry about the spreads. These vary greatly between the cryptocurrencies themselves.

We won’t do a detailed cryptocurrency exchange comparison here, but suffice to say that it varies from 0.75% for Bitcoin (making it one of the top Bitcoin exchanges around) to 5% for Tezos, with most cryptocurrencies incurring a fee of around 2%.

Of course, there are the standard crypto transfer fees if you want to move your crypto funds to the eToro wallet, and these again depend on the blockchain provider (0.0005 BTC for Bitcoin, for example).

Security Measures

eToro employs security measures that are on par with what you’d expect from one of the world’s best crypto exchange marketplaces.

In addition to top industrial-grade encryption, it also features toggleable two-factor authentication and biometrics for the mobile/wallet apps. You also need some official ID such as a valid passport or driver’s license to verify your account.

User Experience

eToro’s online platform is fairly intuitive to use but can be prone to lagging at times. A left-hand navigation panel takes you between your watchlist, portfolio, news feed, and other important sections of the site, while the central part is reserved for the main content you’re viewing, such as cryptocurrency exchange rates and trades.

In addition to being a contender for the best crypto exchange for day trading (due to its detailed and up-to-date market reports), the platform also offers various benefits through the eToro Club, such as live chat support, market analysis, crypto stalking, and many other services.

You’ll automatically join if your equity at midnight GMT each day is at least $5,000 for the starting Silver membership.

There’s also a copy trader feature that’s similar to what you’ll find at Coinbase. This is great if you want to imitate successful traders. The mobile eToro and eToro Wallet apps are also nicely designed and work well on both iOS and Android.

Customer Support

Customer support is offered through a system of email tickets as well as the detailed Help Center, which contains lots of excellent help articles.

For the best US crypto exchange experience, you’ll want to join the eToro Club, as members can look forward to phone and live chat support as well.

Reason to Open Account

Has an excellent reputation

Low trading fees for some cryptocurrencies

CopyTrader and virtual dummy account features

If you’re new to the crypto world and you’re looking for the best sites to buy cryptocurrency, CEX.IO could be perfect for you.

When it launched back in 2013, CEX.IO offered cloud mining services. However, when that quickly became unprofitable, the platform pivoted to become an online exchange.

This is the easiest exchange to figure out, which is why it suits beginners so well. That said, CEX.IO is a reliable platform that can also work beautifully for more experienced cryptocurrency traders.

Supported Currencies

At the time of writing this article, CEX.IO supports 65 cryptocurrencies. On CEX.IO, you’ll be able to buy Bitcoin, Bitcoin Cash, Ripple, and Ethereum, as well as a bunch of other coins and tokens you’ve probably never heard of. In terms of trading variety, CEX.IO might not be the absolute best crypto exchange, but if it accepts your preferred coin then it’s definitely worth a shot.

CEX.IO also supports USD, EUR, GBP, and RUB; you can use all these fiat currencies to buy cryptocurrency here.

Deposit and Withdrawal Methods

CEX.IO offers plenty of payment methods to make deposit and withdrawal methods as simple as possible.
You can make deposits via Visa or Mastercard, SWIFT, QIWI, or Skrill, among many other options. The card verification process is relatively simple, and withdrawal is almost always instant, though it mostly depends on your bank as to how long it will take for the money to land in your account. Regardless, CEX.IO is considered to be the best cryptocurrency trading platform in terms of speed.

Based on your level on CEX.IO, you can start with a $3,000 deposit limit and $10,000 withdrawal limit. The next tier allows $10,000 deposit and withdrawal limits. In the two highest levels, there is no limit on deposits and withdrawals.

Mandatory Fees

Fees at CEX.IO are based on your 30-day trade volume, regardless of the cryptocurrency pairs you have traded. Overall, the lowest maker fee is 0% and the highest take fee goes up to 0.25%.

Security Measures

You don’t have to worry about funny business at CEX.IO. This is among the most legit cryptocurrency exchanges; it’s registered in the US as a money services business and licensed by FinCEN.

CEX.IO is one of the top crypto exchanges when it comes to security. The website is protected by a level-two certificate, and there’s a wide range of other security measures set in place to ensure that transactions and data are safely stored, processed, and transmitted.

User Experience

For a while now, CEX.IO has been known as the go-to exchange for those looking to get started in the world of cryptocurrencies. It’s easy to use, offers seamless withdrawals and deposits, and has a functional app that’s perfect for trading on the go.

Customer Support

Like many exchanges, CEX.IO was once infamous for its poor customer service. However, the platform has upped its game in recent times. While it’s still not the best crypto exchange when it comes to customer support, the ever-expanding help center is proving useful.

Reasons to Open Account

Simple and easy to use

Instant and direct withdrawal to credit cards

Licensed and very secure

Changelly is famous for the huge variety of cryptocurrencies it allows you to trade. It’s fast, reliable, and most importantly simple. All of this helps make trading a breeze – the site is perfect for day trading and quick profits.

Since being founded back in 2013, Changelly has added a vast number of cryptocurrencies to its offer. Unlike many other crypto exchanges on the market, it doesn’t require any personal information from its users, making for a refreshingly privacy-centric cryptocurrency exchange in comparison to many of its competitors.

Supported Currencies

At the time of writing, Changelly accepts more than 160 cryptocurrencies, and that number is bound to grow in the years to come. At Changelly, aside from Bitcoin and Ether, you’ll be able to trade a bunch of cryptocurrencies that other exchanges don’t support.

Recently, Changelly also introduced fiat currencies to its arsenal. It currently accepts USD, GBP, and EUR.

Deposit and Withdrawal Methods

Changelly accepts Visa and Mastercard as payment methods. However, the use of fiat can be a bit pricey. This is why Changelly isn’t the best website to buy cryptocurrency; it’s perfect if you already have crypto and want to exchange it for another crypto. The fact that it doesn’t require deposits in the traditional sense means you won’t have to worry about extra fees in this field.

Mandatory Fees

Changelly is really competitive when it coms to fees. Cryptocurrency exchanges require a fixed fee of 0.25%, regardless of the cryptocurrency you are trading. Fiat exchanges, on the other hand, are a bit pricey, with fees of around 5%. Apart from these, because it doesn’t operate as your regular crypto exchange, Changelly doesn’t charge any additional fees.

Security Measures

Changelly is one of the best crypto exchanges because it is one of the rare players on the market that has managed to maintain an immaculate record. It has never been hacked, has always been quick to provide bug fixes, and is very transparent about its process.

The way transactions take place here makes Changelly one of the safest crypto exchanges. Namely, it doesn’t hold any crypto or liquidity, and it doesn’t require any deposits. As you show interest in a cryptocurrency, Changelly finds within its partner exchanges the best offer for you and works mainly as a go-between.

User Experience

Many users are adamant that Changelly is the best cryptocurrency exchange out there, and for good reason. Its extremely simple interface allows for rapid crypto trading, transactions are rather quick, and the low fees are tempting.

Customer Support

Customer support on Changelly is exceptional, and you’ll only find reviews from satisfied users. Most notice how quickly the support agents respond and report that every issue gets resolved, regardless of whose fault it is.

Reasons to Open Account

Live and effective customer support

A flat fee of 0.25% for cryptocurrency conversions

A wide range of cryptocurrencies accepted

If you’re looking to trade multiple cryptocurrencies, then Paxful might not be the best crypto exchange for you. Since its origins in 2015, Paxful hasn’t ever offered the wide variety of cryptocurrency options you’d typically find with other crypto exchanges. Indeed focusing solely on buying and selling Bitcoin and Tether.

On the other hand, the accepted payment options are outstanding. You can buy Bitcoin with practically anything, including gift cards and goods and services. Another notable feature is that with Paxful’s help, online merchants can get paid in BTC through a simple process.

Supported Currencies

Currently, Paxful allows you to buy Bitcoin and Tether. However, you can pay for those coins or get paid in 30 different cryptocurrencies. Some of the site’s supported cryptocurrencies are Ethereum, Litecoin, and Tron.

Deposit and Withdrawal Methods

Overall, Paxful is one of the best Bitcoin exchanges out there because it currently accepts 374 payment methods, with online wallets and gift cards making up the bulk of that number. Paxful also allows cash payments, bank transfers, and debit/credit cards as methods of purchasing Bitcoin.

Mandatory Fees

There are no fees for using Paxful if you’re there to purchase Bitcoin; however, sellers have to pay a 1% fee. Considering that Paxful doesn’t actually store any liquidity, you are, as a seller, paying the exchange as a middleman to find you a buyer.

Security Measures

Considering that there are many scammers on Paxful, some people are worried about the security of the platform. As such, it’s not one of the best sites to buy cryptocurrency if you’re a newbie and don’t understand the industry very well.

However, the truth is that Paxful is as secure as a platform could be, and the fact that some of its users are there to scam people speaks nothing of the exchange’s security. Paxful is registered in the USA and operates in compliance with local laws.

Anyone worried about getting scammed should definitely read the platform’s instructions and use common sense when making their purchasing or selling decisions.

User Experience

Overall, if you were to trust online reviews, you’d stay clear of Paxful, as some spiteful users think it’s far from being the best Bitcoin trading platform. Still, many reviewers don’t get that it’s not the platform itself that is the scam, but rather some of its users.

Paxful is a completely legit cryptocurrency exchange, and its users praise the speed of its transactions and the simplicity of the process.

Customer Support

Paxful’s customer support is, judging by reviews online, exceptional but flooded with tickets. With a growing number of scammers on the platform, it’s no wonder that the customer support team would be struggling to answer and provide the necessary help. Overall, its support is effective and helpful despite the backlog.

Reasons to Open Account

Various payment options provided

No fee for buying Bitcoin

Allows for anonymity when buying or selling Bitcoins

Launched in 2019, Swapzone is already making waves in the world of cryptocurrency exchanges. As one of the best crypto exchange platforms, the site aims not only to make cryptocurrency swaps as transparent as possible but also to help its users find the best rates for all transactions. It’s a handy tool for traders who don’t want to spend hours researching exchange rates.

Supported Currencies

Partnered up with almost 20 reputable cryptocurrency exchanges such as Changelly, CoinSwitch, ChangeNow, and SimpleSwap, Swapzone offers a vast asset base. This instant cryptocurrency exchange aggregator lets its users make swaps among more than 300 currencies.

Deposit and Withdrawal Methods

Although Swapzone works with several well-known cryptocurrency exchanges, it doesn’t redirect its users to individual platforms. Instead, as one of the best crypto exchange sites, it lets you swap your cryptos directly from its interface or through its exchange partners’ APIs. Note that Swapzone is an aggregator that only offers crypto-to-crypto exchange deals.

Mandatory Fees

Swapzone’s services are offered for free on its website, and there is no need to download and install a program or log in to create an account.

Another perk of this crypto exchange aggregator is that it lets you filter through the offers by rate types. Options include floating rates, fixed rates, and floating rates with excluded TX fees. Note that the exact rates you’ll be charged depend on the exchange partner and transaction type you choose.

Security Measures

One of the features that make Swapzone the best crypto coin exchange site is the implementation of top-notch security measures. Unlike some of its competitors, this provider doesn’t hold any cryptocurrency on its platform, making it an unlikely target for hackers. As a non-custodial service, the site cannot manage your funds or control your assets. Swapzone values your privacy, so it doesn’t require its users to share any personal data to perform an exchange. It’s also important to mention that the site provides information on KYC/AML policies its exchange partners provide.

User Experience

What makes Swapzone stand out from the competition is how easy it is to find competitive market rates for cryptocurrency pairs on this platform. As the best place to exchange crypto, Swapzone lets you filter the offers by speed (fastest transaction processing), cost (most favorable rates), and trustworthiness (best rating).

To make an exchange, all you have to do is choose the coin you want to swap from and the coin you wish to receive. Once you’ve clicked the “Exchange” button, you’ll need to share the receiving address. Subsequently, you’ll see the address you’re required to send your coins to. Deposit the number of coins you entered in the “Send” field and wait for your transaction to process. In a few minutes, you’ll see the exchanged coins appear in your wallet.

Another great thing about this aggregator is that it lets users check out the info on each exchange partner by clicking on the toggle next to their names. You can go through general descriptions, pros and cons, KYC/AML policy details, and Trustpilot reviews before deciding whether to take a specific partner’s offer.

Swapzone’s developers are working on integrating different wallet services. Recently, they’ve started providing support for WalletConnect so now users can send their ETH deposits with just a QR code.

Customer Support

Should you have any questions or stumble upon any issues, Swapzone’s customer service agents will be there to assist you. Options to get in touch with the platform’s support team include live chat and email. From our experience, Swapzone’s representatives are quick to respond, kind, and knowledgeable.

Reasons to Open Account

300+ cryptocurrencies

Plenty of educational resources for new traders

No need to sign in to swap your cryptocurrencies

A Short Guide to Cryptocurrency Terms

While searching for the best crypto exchange on the internet, people new to investing in cryptocurrency may feel overwhelmed by all of the new industry-specific lingo they’ll encounter while trading.

Even crypto trading veterans may need a quick refresher from time to time. That’s why we’ve made a quick list of terms you should know and understand well before starting to trade cryptocurrency online. A lot of these are similar to and borrowed from the traditional stock market.

Altcoin: A blanket name for any cryptocurrency that is not Bitcoin. It is sometimes also referred to as “alt.”

ATH: All time high. As the name suggests, this is the highest value that a given cryptocurrency has ever reached. It’s essential information to know when looking to make the best crypto currency exchanges you can.

Bag holder: A term used to describe a person who holds on to a collection of crypto coins, especially in cases when their current market value suggests that they should have been sold a long time ago.

Bull and bear markets: Simply put, a bull market is one with an upward trend, whereas a bear market is the opposite of that. Bear markets can also simply mean that crypto prices are stagnating, but bull markets are always ones with strong upward trends.

Blocks and blockchains: A block represents a series of transactions recorded simultaneously.

A blockchain is a database protocol consisting of a series of blocks and acting as a digital representation of all balances and transactions for a given cryptocurrency. It is recorded sequentially and secured through the use of cryptographic hashes.

Cryptocurrency wallet: Before even thinking about the best sites to buy cryptocurrency, you should understand the basics of crypto wallets.

In essence, these virtual wallets are software that sees cryptocurrency balances and lets you conduct crypto transactions, using a mix of public and private encryption keys. Custodial keys also exist: these do not allow private key management and are designed to protect a large number of crypto wallet assets.

CEX/DEX: This means centralized/decentralized exchange. Quite simply, this term refers to whether or not you have a third party involved in the exchanges. Our list of crypto exchanges represents an example of centralized exchanges, while direct peer-to-peer crypto trading is an example of a decentralized exchange.

Both have their advantages and disadvantages, with centralized exchanges generally being easier for people new to crypto trading.

Cryptographic keys: Whether you go for the best decentralized crypto exchange or prefer to use a third-party marketplace, understanding how private and public cryptographic keys work is essential.

Your public key is essentially a hash (a string of characters acting as a cryptographic key) of your private key, and it is publicly available as an account number that can be used for conducting trades. The private key is a complex password that lets you create signatures (encrypted versions of private keys) to conduct transactions on that public profile.

It represents the key to your crypto wallet, so you need to keep it safe and private at all times.

Liquidity: This is the trading volume that has taken place over a period of time or within a given price range at a given market. The largest crypto exchanges can easily be identified by looking at the liquidity of their trading markets, but this information can also be useful when determining the best cryptocurrency to invest in.

Long and short betting: Long betting assumes that the price of the cryptocurrency will increase, while short betting refers to a predicted downward trend.

RSI: RSI or relative strength index show the momentum of a cryptocurrency by comparing its recent gains and losses over a certain period of time. It can help to understand price movements better and is an essential tool for planning which cryptocurrencies are worth investing in.

When browsing the top crypto exchanges by volume of transactions, always look out for overly high or low RSI, which can signify that certain currencies have been overbought or oversold over a period of time.

Spread: At the most basic level, this represents the difference between two prices. There are several variations, such as the difference between the highest and lowest price that the cryptocurrency has traded for, or the highest price compared to the average trading price.

Most commonly, though, it represents the difference between the lowest selling and highest buying offer available for a particular cryptocurrency coin or token currently.

Transaction fee: A fee that you’ll get charged even at the best Bitcoin exchanges, this one represents a reward for cryptominers, whose mining rigs power the crypto-based transactions on the internet. These may have different names for different cryptocurrencies, but are typically small fees that are deducted each time a crypto transaction is made.

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FAQ

Is crypto a good investment in 2021?

Absolutely. In fact, now is probably one of the better times to invest in cryptocurrencies in the last decade. With Bitcoin prices surging to an all-time high of almost $20,000 and other cryptocurrencies following suit, the industry is making a big comeback in light of the changing economic conditions caused by the worldwide outbreak of COVID-19.

What is the best cryptocurrency exchange for beginners?

Any of the options on our list are solid contenders, but our favorite is probably Coinmama thanks to its incredibly intuitive user interface and very helpful customer support. It is the best place to buy Bitcoin and other cryptocurrencies if you’re completely new to cryptocurrency trading.

Which crypto exchange has lowest fees?

There are several good options to consider on our list, but if we had to pick one option we’d go for Gemini. Depending on the cryptocurrency used, eToro is also a strong candidate, while you’ll want to avoid Coinmama if you’re after really low fees.

What is the best crypto exchange?

Again, any of the options on our list are solid contenders: Coinbase is probably the largest and most famous crypto trading platform around, but you absolutely cannot go wrong with eToro, Coinmama, or Gemini either. Read our reviews above to get more detailed information, as each of these crypto exchanges is a little different and offers slightly different perks to its traders.