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Fortunly's Guide

Best Crypto Exchange Platforms & Bitcoin Trading Options for 2022

By
Julija A.

March 18,2022


Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

We live in the age of rapid cryptocurrency expansion. With over 10,000 currencies in circulation, a total market cap nearing $2 trillion, and a daily volume often surpassing $80 billion, according to CoinMarketCap, cryptocurrencies have never been bigger, and their growth shows no sign of stopping.

Whether you’re a seasoned miner or a fresh investor looking to trade some Bitcoin, this article is for you. We’ve searched the internet for the best crypto exchange platforms in 2022 so that you don’t have to. These are our favorites.

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Best Crypto Exchanges in 2022

Best for: security features

Coinbase

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Coinbase Logo
OVERVIEW

Coinbase is perhaps the world’s best-known crypto exchange and Bitcoin trading platform. It has been in business since 2012 and managed to accumulate an international base counting tens of millions of users. It’s well on its way to generating $1 trillion in total trading volume. Whether you’re looking to buy, sell, or trade cryptocurrency, Coinbase is a safe choice. Read Review

  • Largest cryptocurrency selection
  • Intuitive user interface
  • Fantastic security
Learn More
On Coinbase Website
Supported currencies:
166
Fiat support:
Yes
Trading fee:
0% to 0.6%
Mobile app:
Yes
Wallet app:
Yes
Best for: experienced traders

Kraken

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Kraken Logo
OVERVIEW

As one of the oldest cryptocurrency exchanges on the market, Kraken has been providing services to a steady base of crypto traders since 2011. Kraken is famous for its security, high liquidity, and the number of crypto pairs you can trade here. Its fees can go down to 0%, and its customer support team is easily reachable. While it’s not the best option for beginners, as the user interface is relatively complex, experienced crypto traders will indeed find Kraken’s features useful. Read Review

  • One-on-one support
  • Competitive trading fees
  • Top-notch security
Learn More
On Kraken Website
Supported currencies:
Over 120
Fiat support:
Yes
Trading fee:
0% to 0.26%
Mobile app:
Yes
Wallet app:
No
Best for: NFTs

Crypto.com

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Crypto.com Logo
OVERVIEW

Crypto.com is a crypto exchange platform that supports over 200 cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Ripple, as well as many other popular and more obscure cryptos. The platform’s latest addition is an extensive collection of NFTs. In addition to blockchain products, Crypto.com allows you to buy and sell fiat currencies, such as US dollars, euros, and pound sterling. Read Review

  • NFT and cryptocurrency trading
  • Affordable fees
  • Intuitive interface
Learn More
On Crypto.com Website
Supported currencies:
239
Fiat support:
Yes
Trading fee:
0.036% to 0.4%
Mobile app:
Yes
Wallet app:
Yes
Best for: low trading fees

eToro

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

eToro Logo
OVERVIEW

eToro is a massive marketplace for trading all sorts of assets. While not as crypto-focused as some of our other competitors, it’s still an excellent coin marketplace to consider, whether you are a newcomer or a veteran trader. Read Review

  • Excellent reputation
  • Fixed trading fee
  • CopyTrader and virtual dummy account
Learn More
On eToro Website
Supported currencies:
56
Fiat support:
Yes
Trading fee:
1%
Mobile app:
Yes
Wallet app:
Yes
Best for: amateurs

Robinhood

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Robinhood Logo
OVERVIEW

Best known for its intuitive design, the Robinhood platform allows crypto trading with no trading fees. Although the list of cryptos you can buy and sell here isn’t as extensive as some others, Robinhood is a good choice for beginners, especially those planning to trade via smartphone. Read Review

  • Modern UI
  • No trading fees
  • Mobile app for iOS and Android
Learn More
On Robinhood Website
Supported currencies:
7
Fiat support:
No
Trading fee:
0%
Mobile app:
Yes
Wallet app:
No
Best for: cryptocurrency IRA accounts

Bitcoin IRA

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Bitcoin IRA Logo
OVERVIEW

Bitcoin IRA enables you to roll your existing retirement account over into a crypto IRA. You can use the platform to buy and sell a fair number of cryptocurrencies, including Bitcoin, Ether, Litecoin, Bitcoin Cash, Stellar Lumens, and Zcash. Those who want a more diversified portfolio can also trade gold. The self-trade Bitcoin IRA platform is an excellent choice for beginners, thanks to its easy setup and trading processes. Read Review

  • 256-bit encryption
  • Gold trading
  • Long-term savings
Learn More
On Bitcoin IRA Website
Supported currencies:
62
Fiat support:
No
Trading fee:
N/A
Mobile app:
Yes
Wallet app:
Yes
Best for: trading between securities

Uphold

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Uphold Logo
OVERVIEW

This San Francisco-based digital platform offers a unique “anything-to-anything” trading experience. It enables users to conduct crypto, equity, and precious metal trades while providing a range of other financial services to a global market. With support for more than 80 cryptos, over 20 fiat currencies, and four precious metals, this multi-asset platform is both versatile and reliable. Read Review

  • Trade between different securities
  • Large selection of cryptos
  • Two-factor authentication
Learn More
On Uphold Website
Supported currencies:
83
Fiat support:
Yes
Trading fee:
0.85% to 1.25%
Mobile app:
Yes
Wallet app:
Yes
Best for: beginners

Coinmama

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Coinmama Logo
OVERVIEW

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

  • Great choice for beginners
  • Supports bank transfers, credit/debit cards, etc.
  • Excellent customer support
Learn More
On Coinmama Website
Supported currencies:
10
Fiat support:
Yes
Trading fee:
2.93% and 3.90%
Mobile app:
Yes (Android only)
Wallet app:
No
Best for: mobile users

Gemini

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Gemini Logo
OVERVIEW

Gemini is a New York-based digital marketplace that offers some of the lowest rates in the business, a high number of cryptocurrencies to trade, and genuinely great advanced trading features and apps to boot. Combine this with mostly positive online customer reviews, and you’ll realize this is an excellent candidate for your exchange needs. Read Review

  • High trading volume
  • Advanced trading interface with ActiveTrader™
  • Good mobile apps
Learn More
On Gemini Website
Supported currencies:
79
Fiat support:
Yes
Trading fee:
Up to 1.49% (min. $0.99)
Mobile app:
Yes
Wallet app:
Yes
Best for: trading derivatives

Bitget

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Bitget Logo
OVERVIEW

With more than 1.5 million users worldwide, over 180 cryptocurrency pairs, and a daily trading volume in the billions, Bitget is one of the fastest-growing crypto derivatives trading platforms on the market. Bitget offers a wide range of products and services, including perpetual contracts, futures contracts, margin trading, and over-the-counter (OTC) trading. Its widespread network with branches in Japan, Vietnam, South Korea, Taiwan, Canada, and other countries enables users to trade crypto anytime and anywhere. The platform relies on the “maker-taker” trading model, offering crypto trading fees as low as 0.2% for “makers” (that is, liquidity providers), while the fees for “takers” stand at 0.6%. Read Review

  • One-Click Copy Trade
  • Robust security system
  • Rich crypto selection
Learn More
On Official Website
Supported currencies:
187
Fiat support:
Yes
Trading fee:
0.02% to 0.2%
Mobile app:
Yes
Wallet app:
No
Best for: professional traders

Bitstamp

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Bitstamp Logo
OVERVIEW

Bitstamp is a secure and reliable trading platform that’s been in operation for 10 years. Although it isn’t the cheapest Bitcoin exchange, it still offers low fees for trading more than 50 coins. The platform accepts all popular cryptocurrencies, like Bitcoin, Bitcoin Cash, Litecoin, Ether, as well as some more obscure coins, such as Compound, Synthetic, and Paxos Standard. We expect the list will only get longer in the future. Read Review

  • Low trading fees
  • Advanced security measures
  • Designed for professional traders
Learn More
On Bitstamp Website
Supported currencies:
56
Fiat support:
Yes
Trading fee:
0% to 0.50%
Mobile app:
Yes
Wallet app:
No
Best for: comparing prices across different platforms

Swapzone

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Swapzone Logo
OVERVIEW

A relative newcomer to the field, Swapzone is an easy-to-use cryptocurrency exchange aggregator active since 2020. The site helps its users find the best crypto exchange rate to swap their cryptocurrency. Swapzone is well-suited for traders who don’t want to spend hours requesting offers from different providers on their own. The platform lets you simultaneously compare up to 20 crypto exchanges and over 300 crypto assets based on their affordability, rating, and processing time. Read Review

  • 300+ cryptocurrencies to swap between
  • Educational resources for new traders
  • No need to sign in to swap cryptos
Learn More
On Swapzone Website
Supported currencies:
300+
Fiat support:
No
Trading fee:
Varies by exchange partner
Mobile app:
No
Wallet app:
No
Best for: mobile trading

Kriptomat

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Kriptomat Logo
OVERVIEW

Kriptomat is a beginner-friendly crypto exchange platform that enables you to trade with more than 300 cryptocurrencies. The company was launched from Estonia and complies with EU legislation to ensure a safe and secure environment for crypto trading. You can trade with over 100 currency pairs via a powerful mobile app that comes with lots of additional features, like advanced security measures and cold cloud storage to protect your digital assets. Read Review

  • Over 300 currencies
  • Live chat support
  • Crypto trading app for iOS and Android
Learn More
On Kriptomat Website
Supported currencies:
334
Fiat support:
Yes
Trading fee:
1.45% to 3.45%
Mobile app:
Yes
Wallet app:
Yes
Best for: fiat to crypto exchanges

Binance

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Binance Logo
OVERVIEW

Binance is one of the most famous cryptocurrency exchange platforms out there, and has earned its place on our list for its sheer size. Suitable for both experienced traders and beginners, it offers a great variety of services within its ecosystem. The platform has its own currency - Binance Coin (BNB) - which functions on the Binance Chain and is designed for facilitating transactions, making purchases, and paying transaction fees. Read Review

  • High safety standards
  • Low transaction fees
  • Pre-ICO stage incubator
Learn More
On Binance Website
Supported currencies:
140+
Fiat support:
Yes
Trading fee:
0.015% to 0.1% (+ 0.1% for non-BNB trades)
Mobile app:
Yes
Wallet app:
Yes
Best for: margin trading

CEX.IO

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

CEX.IO Logo
OVERVIEW

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

  • Staking opportunities
  • Margin trading options
  • Multiple fiat payment options
Learn More
On CEX.IO Website
Supported currencies:
112
Fiat support:
Yes
Trading fee:
0% to 0.25%
Mobile app:
Yes
Wallet app:
Yes
Best for: altcoins

Changelly

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Changelly Logo
OVERVIEW

Unlike the other names on this list, Changelly is more of a middleman than a cryptocurrency exchange. With almost 400 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 a number of the world’s leading crypto sites, 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. Read Review

  • No history of security breaches
  • Fiat-to-cryptocurrency exchange fee of 0.5%
  • Pro version simplifies trading
Learn More
On Changelly Website
Supported currencies:
398
Fiat support:
Yes
Trading fee:
0% to 0.1%
Mobile app:
Yes
Wallet app:
No
Best for: purchasing Bitcoin

Paxful

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Paxful Logo
OVERVIEW

Paxful is a peer-to-peer Bitcoin and Tether trading platform that offers the widest variety of payment options for buying Bitcoin. While its array of currencies is fairly limited - it only supports Bitcoin, Ether, and Tether - Paxful supports nine bank transfer options, as well as 124 different gift cards you can exchange for Bitcoin. Read Review

  • Simple way to purchase Bitcoin
  • Live chat with an experienced seller
  • Top-notch security
Learn More
On Paxful Website
Supported currencies:
3
Fiat support:
Yes
Trading fee:
0.5% to 5%
Mobile app:
Yes
Wallet app:
Yes
Evaluation Criteria

Our Criteria for Evaluating Cryptocurrency Exchanges & Trading Platforms

It doesn’t matter which currency exchange platform you use - trading cryptocurrency will be tricky if you aren’t familiar with industry trends. It also helps to do a little homework on the digital currency exchange sites you plan to use. There are several factors to consider when choosing a cryptocurrency trading platform, 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, the first thing to establish is its crypto assortment. Most exchanges have to offer the most popular cryptocurrencies, like Bitcoin, Ether, Litecoin, Dogecoin, and Solana, but they should include some less ubiquitous options, too.

What’s more, a suitable platform needs to support fiat currencies like USD, EUR, GBP, etc., which will come in handy when you want to cash out your profits, deposit funds into your account, or buy cryptocurrencies with a credit or debit card.

Deposit and Withdrawal Methods

As you would for fiat currencies, your next step is to determine what methods you can actually use to conduct transactions on the crypto exchanges of your choice. Even the best cryptocurrency trading platform will probably charge extra for transfers from credit and debit cards, or bank transfers. However, e-wallets are a pretty popular choice, and some of these platforms have crypto wallets of their own you can use.

Mandatory Fees

Much like banks, cryptocurrency platforms make their money primarily through exchange rates. You may still be charged deposit, withdrawal, CFD trading, and inactivity fees. There are also transaction fees, an essential part of every crypto transaction.

Crypto Wallet

Not every crypto exchange comes with a built-in crypto wallet, but those that do score some bonus points. A crypto wallet allows users to store cryptocurrencies safely and makes trading easier, as customers can buy and sell cryptocurrencies without having to send or retrieve them from an external wallet.

Having a dedicated crypto wallet on your exchange also makes it easier to keep track of your portfolio and monitor your performance.

Trading Volume

One of the most important factors to consider when looking for the best sites to buy cryptocurrency is trading volume. The higher the trading volume, both for the exchange in general, and the currency you wish to trade in, the more liquid the market is. This means that cryptocurrency investors will be able to buy and sell their cryptocurrencies at a fair price without worrying about slippage.

Another vital thing to note is that a high trading volume usually indicates the exchange has a lot of active users, which is always a good sign.

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 crypto trading platform available. From fund security to the privacy of your personally identifiable information, especially on platforms with KYC protocols, cryptocurrency exchanges must take great care to keep all transfers safe from potential bad actors.

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 goes a long way towards a positive experience when trading cryptocurrencies. Digital currency exchanges can be confusing enough, even without clunky user interfaces and a flood of poorly presented information.

In addition to a well-designed platform, satisfactory mobile and wallet apps can make the experience of selling and buying crypto 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 and crypto trading in general, or simply have a technical issue, good customer support can make the difference between a seamless experience and giving up on the whole thing.

Here, we consider the working hours of the customer support team, the methods of reaching agents, and the overall quality of the service.

Quick Breakdown

Best Crypto Exchanges of 2022:

  • Coinbase - Best for security features
  • Kraken - Best for experienced traders
  • Crypto.com - Best for NFTs
  • eToro - Best for low trading fees
  • Robinhood - Best for amateurs
  • BitcoinIRA - Best for cryptocurrency IRA accounts
  • Uphold - Best for trading between securities
  • Coinmama - Best for beginners
  • Gemini - Best for mobile users
  • Bitget - Best for trading derivatives
  • Bitstamp - Best for professional traders
  • Swapzone - Best for comparing prices across different platforms
  • Kriptomat - Best for mobile trading 
  • Binance - Best for fiat to crypto exchanges
  • CEX.IO - Best for margin trading
  • Changelly - Best for altcoins
  • Paxful - Best for purchasing Bitcoin

Crypto Exchange Reviews

Coinbase Review

Coinbase Review Logo Open Account

On Official Website

Supported currencies:
166
Fiat support:
Yes
Trading fee:
0% to 0.6%
Mobile app:
Yes
Wallet app:
Yes
  • A top-rated mobile app
  • Low account minimum
  • Coinbase Earn feature

A name that has been synonymous with cryptocurrency trading for almost a decade, Coinbase is the first place over 89 million people think of when asked about crypto trading platforms. With more than 150 supported cryptocurrencies, a fantastic wallet app, and excellent security features, it’s one of the best places to trade crypto.

Supported Currencies

At the time of writing this article, over 160 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.

The list of supported currencies on Coinbase 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

Coinbase trading fees are pretty standard for the industry. They range from 0.05% to 0.6% for “takers” and from 0% to 0.4% for “makers.” Other than that, there are transfer fees, depending on your deposit and withdrawal methods.

ACH and SWIFT deposits are free, wire deposits cost $10, and SEPA EUR deposits carry a €0.15 fee. ACH withdrawals are free, SWIFT incurs a £1 fee, wire cashouts are $25, and SEPA transfers are €0.15 again.

Security Measures

If you like centralized crypto exchanges, Coinbase is quite possibly the best choice. You’ll miss out on complete control over your crypto wallet, but you’ll get one of the safest places to store your crypto funds in return.

Almost 100% of Coinbase’s user crypto funds are held in cold-storage locations around the globe, 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, to verify your account. All data is securely stored, and Coinbase will never share it with third parties.

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

User Experience

In addition to a user-friendly and intuitive interface, Coinbase has perhaps the most advanced crypto exchange app around, and it is available for both iOS and Android systems. The apps come with advanced security features, such as biometric and two-factor authentication.

Customer Support

Customer support is vital to Coinbase. There is a very detailed and well-written FAQ section on the site for self-starters, but you can also send an email to the support team, reach out via three different phone numbers (for USA/International, UK, and Ireland customers, respectively), or use the Virtual Assistant live chat to solve your issues.

+ Show more

Kraken Review

Kraken Review Logo Open Account

On Official Website

Supported currencies:
120+
Fiat support:
Yes
Trading fee:
0% to 0.26%
Mobile app:
Yes
Wallet app:
No
  • Massive product selection
  • Decade-old establishment
  • Margin and futures investing are available

Founded back in 2011, Kraken holds the title of the most reliable crypto exchange, and has stood the test of time. Still famous for its exceptional security, Kraken has long been the exchange of choice for experienced crypto traders. They love it for its high liquidity and exceptional order handling.

Supported Currencies

Currently, Kraken supports more than 120 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 Dogecoin, Litecoin, Kusama, Waves, and dozens more coins. 

There’s a significant number of cryptocurrency pairs to be traded here, as well as diverse fiat acceptance for easy trading, including, but not limited to, USD, EUR, GBP, and JPY.

Deposit and Withdrawal Methods

As you’d expect from one of the biggest crypto exchanges, 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 deposit and withdrawal methods are free, while others incur a fee. Make sure to check the specific rates before depositing or withdrawing.

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

You should note that, according to many customer 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 a trade is completed. This fee can range from 0% to 0.26% of the total trade value. A minimum trade fee based on a traded pair is also in place, as well as some margin fees.

Security Measures

There’s no doubt that Kraken is among the best cryptocurrency exchanges in terms of security. How can you be sure? Well, for one, it has never been hacked. Considering that it’s one of the oldest exchanges out there, that’s pretty impressive.

With Kraken, all the funds 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 conduct their business with ease. The Kraken app is handy, too, although its speed leaves something to be desired.

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 more likely to be a result of poor trading choices, and not the website’s fault.

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 was, considering the lackluster support standards on most crypto platforms.

+ Show more

Crypto.com Review

Crypto.com Review Logo Open Account

On Official Website

Supported currencies:
239
Fiat support:
Yes
Trading fee:
0.036% to 0.4%
Mobile app:
Yes
Wallet app:
Yes
  • Ability to earn interest on crypto holdings
  • Access to DeFi and NFT marketplaces
  • 250+ currencies supported

Founded in 2016, Crypto.com is a crypto trading platform with over hundreds of cryptocurrencies in its portfolio. Members can also trade fiat currencies, as well as NFTs. The exchange has its own token, Cronos (CRO), which paves the way for additional trading advantages.

Crypto.com is among the crypto exchanges with the lowest fees. Aside from its affordability, the platform also offers a DeFi wallet, and the opportunity to earn interest on the funds stored in it.

Supported Currencies

If you want to buy Bitcoin, Ripple, Dogecoin, Litecoin, or any other popular cryptocurrency on the market, Crypto.com is the right place to be. The platform offers over 230 cryptocurrencies, including less popular ones, like MANA, VET, and HBAR. What’s more, users who own the right amount of Cronos can enjoy great discounts on their trades.

This crypto exchange supports a wide range of fiat currencies, too, including the euro, pound sterling, US dollar, Australian dollar, Canadian dollar, and Brazilian real.

Crypto.com is also a great place if you want to start trading NFTs, as the platform allows you to invest in different NFT collections.

Deposit and Withdrawal Methods

The payment options available on Crypto.com are fairly standard: You can use credit and debit cards, and SEPA, NPP Network, BPAY, FPS Network, and ACH transfers, depending on the country you’re in.

Mandatory Fees

As we mentioned earlier, the platform’s crypto trading fees are among the lowest on the market. The final cost depends on your trading volume, but your fees can range from 0.4% for takers with a monthly trading volume of less than $25,000, to 0.036% for makers using Cronos and trading over $200 million monthly.

On that note, Cronos users can expect a 10% discount on their fees, be they makers or takers.

Security Measures

Crypto.com employs all the expected security measures. Once you decide to create an account, the platform will require you to create a robust password and verify your account by sending your ID photo and other personal information.

The site also uses two-factor authentication as an additional layer of security for your account. 

In addition, this is regarded as one of the very best trading platforms for cryptocurrency because it collaborates with prominent American banks to provide FDIC insurance for US dollar accounts.

User Experience

Trading on this platform is oriented towards mobile users, although there is a browser client for those who prefer it. The apps are available for Android and iOS users alike.

Crypto.com is a centralized custodian which offers wallet services and accruing interest on the amount in your Crypto.com DeFi Wallet. Whether you opt for the latter or not, you’ll be the only one who has access to your crypto keys.

On the more practical front, Crypto.com’s dashboard is easy to use, and contains a wealth of information, as well as streamlined interfaces for trading, learning, and seeking support.

Customer Support

Although this crypto trading app is intuitive, every user needs help from time to time. Unfortunately, Crypto.com’s customer service isn’t exactly a shining example of support. You can reach the team through live chat or use the Help Center to try and solve your issues yourself.

Although this may be enough for some, we hope to see more contact channels open up soon.

+ Show more

eToro Review

eToro Review Logo Open Account

On Official Website

Supported currencies:
56
Fiat support:
Yes
Trading fee:
1%
Mobile app:
Yes
Wallet app:
Yes
  • Social trading platform
  • No commission fees
  • Multiple educational resources

eToro is more than just a cryptocurrency exchange platform. As one of the world’s largest trading markets for exchange-traded funds (ETFs), stocks, fiat currencies, indices, and commodities, it’s a one-stop-shop for traders of all persuasions; crypto is simply one of the more popular options at the moment.

With dozens of cryptocurrencies and some unique perks for its traders, eToro is a great option.

Supported Currencies

For a platform that wasn’t primarily designed for crypto trading, eToro’s crypto brokerage has a pretty good asset list. While it’s not as extensive as what you’d find on Coinbase, there are still 42 different cryptocurrencies available 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

All standard payment methods, such as credit and debit cards, bank transfers, and e-wallets, are supported. Deposit limits vary between them, with bank transfers being the only ones with no upper limit. The minimum first-time deposit ranges from $50 to $10,000, depending on your region and chosen transfer method.

Mandatory Fees

eToro has a universal 1% trading fee for crypto, but it also charges transfer fees. We won’t make a detailed cryptocurrency exchange comparison here, but most currencies have a 0.5% transaction fee, and it can range from $1 to $50.

Security Measures

eToro employs security measures that are on par with what you’d expect from one of the world’s leading crypto exchange marketplaces. In addition to industrial-grade encryption, it also features toggleable two-factor authentication, and biometric unlocking measures for its 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 browser platform is fairly intuitive to use, but can be laggy at times. The left-hand navigation panel takes you between your watchlist, portfolio, news feed, and other important sections of the site. At the same time, 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 get the starting Silver membership if your equity at midnight GMT each day is at least $5,000. 

There’s also a copy-trader feature similar to Coinbase’s. This is great if you want to imitate successful traders. Finally, the eToro trading and wallet apps are nicely designed and work well on iOS and Android.

Customer Support

Customer support is offered through a system of email tickets, and a detailed Help Center, which contains lots of excellent articles. For the best possible experience, you’ll want to join eToro as a member, as you can then get phone and live chat support.

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Robinhood Review

Robinhood Review Logo Open Account

On Official Website

Supported currencies:
7
Fiat support:
No
Trading fee:
0%
Mobile app:
Yes
Wallet app:
No
  • No account minimum
  • Free US stock and ETF trading
  • Offers streamlined investing

Founded in 2013, Robinhood is a mobile-optimized platform that helps people on a budget trade assets. Thanks to its simple interface and trading process, Robinhood quickly attracted millions of people worldwide who finally had a place to trade various assets (stocks, funds, options, and cryptos) using straightforward tools.

Robinhood is arguably the cheapest crypto exchange platform on the market. It doesn’t charge any trading fees, which explains its enormous popularity among crypto investors who have just entered the market.

Supported Currencies

In addition to crypto trading, Robinhood account holders can trade stocks, options, and gold. That said, Robinhood's cryptocurrency trading selection is limited - there are just seven digital tokens to buy and sell. Those are Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ether, Ether Classic, and Litecoin.

The best thing about this platform is that you can start trading cryptocurrencies without significant investments - your initial deposit can be as low as $1.

Deposit and Withdrawal Methods

Although it’s the cheapest Bitcoin exchange, Robinhood doesn’t make as good a case for its payment method versatility. You can deposit and withdraw from your account using ACH transfers from a linked bank account.

You can conduct transfers from the browser platform, or the Robinhood app, and make a maximum of five withdrawals and deposits each. Both types of transactions have a respective daily upper limit of $50,000 in total.

Mandatory Fees

One of the best things about Robinhood is that this platform doesn’t charge trading fees. Essentially, you can trade cryptos for free.

Security Measures

Robinhood’s status as one of the most popular crypto exchanges took a hit in early 2021 when the platform forbade users to purchase GameStop stock after being the center of a stock-holding scheme by droves of Reddit users.

After that, the number of Robinhood users dropped significantly, and in November 2021, Robinhood announced that some user information had been compromised. On the plus side, there were no financial losses.

Today, the platform employs industry-standard measures to shield user accounts from bad actors. All communications are secured through a TLS protocol with up-to-date configurations and ciphers. Meanwhile, user accounts get an extra layer of protection through two-factor authentication.

User Experience

Aside from the nonexistent trading fees, Robinhood’s main selling point is its simple-to-use mobile app.

To create an account with Robinhood, you’ll need only a few minutes. It has an intuitive UI, which attracts a lot of young users. Unlike most other cryptocurrency apps, Robinhood simplifies trading to a level optimal for beginners.

Customer Support

Although Robinhood is praised for its easy-to-use app and gamified design, users can’t do everything by themselves. Unfortunately, Robinhood’s support is not the best thing about this company.

There’s no phone or live chat support, but if you’re an account holder, you can send in your inquiries via email, social media, or the app, and agents will usually respond within 30 minutes. The platform compensates for its lack of support channels with many articles and guides that you can find on the site.

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Read Full Review

Bitcoin IRA Review

Bitcoin IRA Review Logo Open Account

On Official Website

Supported currencies:
62
Fiat support:
No
Trading fee:
N/A
Mobile app:
Yes
Wallet app:
Yes
  • More than 60 cryptocurrencies
  • User-friendly platform
  • Strong security measures

The next entry on our list of crypto trading platforms is Bitcoin IRA. Unlike other exchanges, this one enables clients to convert their existing retirement and 401(k) accounts into crypto IRAs. From there, account holders can buy and sell cryptocurrencies, or protect themselves from long-term economic uncertainty by trading gold.

Supported Currencies

While not the largest on the market, Bitcoin IRA’s selection of cryptocurrencies is still formidable. Among the 60 or so tokens available, you can find the following: Bitcoin, Ether, Ripple, Litecoin, Stellar Lumens, Zcash, Bitcoin Cash, Ether Classic, Digital Gold, etc.

And while there is no option to trade fiat currencies, Bitcoin IRA allows you to trade in gold.

Deposit and Withdrawal Methods

If you want to use this exchange to buy Bitcoin, the only way to trade is to use a BitGo e-wallet.

The platform allows you to roll money over from various retirement accounts to a Bitcoin IRA, including traditional IRA, Roth IRA, SEP-IRA, SIMPLE IRA, 403b, or 401(k) accounts.

Mandatory Fees

Although Bitcoin IRA isn’t forthcoming about fees and costs, we’ve managed to compile a pricing list based on various sources.

First of all, Bitcoin IRA charges a one-time fee that depends on your investment amount, between 10% and 15%. If you are looking for a crypto exchange with no fees, Bitcoin IRA is not the platform for you.

In addition to setup fees, there will be trading (1% to 5%) and custodial fees ($240 annually) as you continue working with this platform.

Security Measures

Bitcoin IRA uses the most advanced security tools to protect your assets and identity. You can rest assured that your account and funds are in safe hands.

The platform employs 256-bit encryption to shield all transactions and safeguard the personal details of its clients. In addition to the top-level security protocol, Bitcoin IRA protects your assets by storing them offline.

The BitGo multi-coin wallet you use for trading on this platform has a proprietary suite of security measures, and your assets are otherwise tucked away in cold storage in multiple locations.

User Experience

Even if you haven’t had any experience with similar Bitcoin trading platforms, setting up an account at Bitcoin IRA is a straightforward process. Bitcoin IRA claims new users can create an account within three minutes, and that the transfer between your old and new IRA takes three to five business days.

The UI is well-organized, so you can quickly find what you’re looking for.

Customer Support

Like other big crypto trading platforms, Bitcoin IRA has an exceptional customer support team. The support team is available via phone, live chat, and email. The site also has lots of tutorials and articles, where you can find helpful information about the platform and making crypto trades using its system.

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Uphold Review

Uphold Review Logo Open Account

On Official Website

Supported currencies:
83
Fiat support:
Yes
Trading fee:
0.85% to 1.25%
Mobile app:
Yes
Wallet app:
Yes
  • Beginner-friendly desktop and mobile apps
  • No minimum investment amounts
  • Transparent fee structure

The next player on our crypto exchange list is Uphold. Launched in 2015, the platform allows users to trade “anything-to-anything.” This means that you can trade between crypto, fiat, metal, stock, and environmental asset classes directly. For example, if you have Bitcoins, you can exchange them for stocks or gold.

Online reviews confirm our conclusions: This is a fast and secure trading platform with affordable fees and helpful customer support.

Supported Currencies

Uphold is one of the best altcoin exchange platforms: You can buy and sell Bitcoin, Bitcoin Cash, and various altcoins, including Ripple, Ether, Dogecoin, Neo, VET, Tron, EOS, and SAND. There are over 80 cryptos that you can choose from. If you want to extend your trading list, fiat currencies, gold, and other assets are also available. In short, there’s something for everyone.

Deposit and Withdrawal Methods

Uphold allows you to fund your brokerage account with credit and debit cards, as well as country-specific bank transfers, like US wire transfers, SEPA, and SWIFT.

The Uphold crypto exchange allows you to withdraw funds to an external wallet or your bank account. You can use the mobile or web app to complete the transaction. Finally, you can use Uphold’s own crypto wallet to conduct trades.

Mandatory Fees

This brokerage doesn’t charge any deposit fees or fees for withdrawing funds. However, Uphold is not a zero-fee crypto exchange. The platform has a spread fee (the difference between the buy and the selling price) between 0.85% and 1.25%, depending on the currency you’re trading.

Security Measures

Uphold is a reasonably secure place to trade cryptos. Users need to undergo a simple identification process every time they wish to log into their accounts. Other features, like 2FA, offer an additional layer of protection.

User Experience

Unlike some platforms on our cryptocurrency exchange list, Uphold is much more transparent about its identification policies. The whole setup process is explained on the website, so you’ll know what to expect and what information to prepare before signing up.

Furthermore, the Uphold mobile app for mobile devices is one of the best we’ve seen so far. We didn’t have any problem creating an account and linking it to our card. The app has a well-organized UI, so you can quickly perform any action you want - buy cryptos, see the prices, or trade between different products.

Customer Support

Unfortunately, Uphold does not currently feature live chat or phone support. At first glance, the ticketing support system might not seem like the most effective avenue, but the agents are quick to respond, and all the replies are highly informative.

The Uphold knowledge base is also one of the most comprehensive on the market. Here, you can find everything you want to know about different cryptos, their history, and their current position on the market. You can also watch various video tutorials on opening an account, depositing or withdrawing funds, and much more.

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Coinmama Review

Coinmama Review Logo Open Account

On Official Website

Supported currencies:
10
Fiat support:
Yes
Trading fee:
2.93% and 3.90%
Mobile app:
Yes (Android only)
Wallet app:
No
  • No fees for crypto deposits or withdrawals
  • Fast verification
  • High purchasing limits

A popular financial service from Israel, Coinmama has been on a mission to streamline cryptocurrency trading since 2013, so that even complete beginners can get the hang of it. It acts not as a centralized crypto trading post, but as a marketplace where you can directly sell Bitcoin or buy that and other cryptocurrencies with fiat currencies.

Supported Currencies

Coinmama presents an attractive offer for new traders the world over. While there are “only” 10 cryptocurrencies to trade, 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 or sell Bitcoin directly to the site. This may be the best fiat-crypto exchange for total beginners, but it’s probably too limited for experienced traders.

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

Purchase limits depend on your authentication level, with $15,000 being available with a valid government-issued ID, $50,000 with a utility bill, and $100,000 with a special form and direct contact with the support team.

Mandatory Fees

If you’re looking for an exchange with low trading fees, Coinmama is not going to be your crypto marketplace of choice. You can expect an average fee of around 3% for most transactions, and an additional charge of up to 5% if you’re buying with a payment method that requires locked rates.

The rates are calculated by adding an XBX Index average to a percentage based on your loyalty level. That percentage ranges between 2.93% and 3.90%. The loyalty groups are Crypto Curious, Crypto Enthusiast, and Crypto Believer, and you can work your way up the ranks by investing in crypto.

Security Measures

Coinmama doesn’t offer a wallet function to its customers, so your funds are only as secure as your Bitcoin wallet of choice. 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 streamlined and mobile-friendly user interface will greet you from the moment you first log in to Coinmama. 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 is also straightforward, making it an excellent platform for cryptocurrency beginners. You only have to pick the currency and amount you want to purchase, and then provide details about the crypto wallet that will receive the purchased funds.

The Coinmama app only works on Android, but Apple users can still capitalize on the browser platform, as it’s optimized for mobile devices.

Customer Support

You can receive support through email, Facebook, and an AI chatbot, or you can check the extensive Help Center on the site. Our experience mirrors most online reviews: The staff is amicable and helpful, though we’d much prefer a live chat or phone support option to reach them.

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Gemini Review

Gemini Review Logo Open Account

On Official Website

Supported currencies:
79
Fiat support:
Yes
Trading fee:
Up to 1.49% (min. $0.99)
Mobile app:
Yes
Wallet app:
Yes
  • Nearly 80 cryptocurrencies
  • Strong security measures
  • Advanced active-trader options

The New York-based industry powerhouse, Gemini, has been around since 2014. The company offers a vast range of services, including affordable crypto trading, storage, and payment solutions, all protected by military-grade security features.

Supported Currencies

If you’re looking to buy Bitcoin, Litecoin, Ripple, or just about any other remotely well-known cryptocurrency on the market, Gemini has 79 digital currency candidates covered.

Fiat support is not quite as comprehensive, but you can expect to trade for Australian, Canadian, Hong Kong, Singapore, and US dollars, British pounds, and euros.

Deposit and Withdrawal Methods

Gemini’s supported transfer methods differ in terms of limits. ACH deposits have a daily limit of $5,000, while ACH withdrawals have a daily limit of $100,000.

On the other hand, wire transfers have no upper limits for deposits or withdrawals, but the latter has a $50 minimum. Debit cards are the most limiting (and expensive) option at your disposal, as you technically can’t make either deposits or withdrawals with them.

Instead, you can only execute instant trades of up to $1,000 with them.

Mandatory Fees

While trading cryptocurrency stocks always incurs some fees, Gemini ranks among the leading Bitcoin trading platforms if you’re looking to lower those as much as possible, especially if you make use of its premium features.

The fees are tiered, with orders of up to $10 incurring $0.99 and orders of $200 and over incurring 1.49% of the order value. For orders of up to $25, $50, and $200, the fees are $1.49, $1.99, and $2.99, respectively.

The best rates are reserved for Gemini users with ActiveTrader accounts, based on the “maker/taker” system. For makers, the fees range from 0% to 0.25%, inversely proportional to the value of their orders. Takers can expect to pay between 0.03% and 0.35% for a trade, with the price also going down the more they order.

Security Measures

Gemini makes a pretty strong case for being one of the most secure cryptocurrency exchanges. Frankly, the list of the site’s security measures goes beyond the scope of this review, but we’ll just briefly mention some: 

  • Both hot and cold storage use hardware security modules (HSMs) with at least a FIPS 140-2 Level 3 rating.
  • 2FA and the option to use hardware security keys
  • Military-grade encryption and options for address whitelisting

User Experience

In addition to an adaptive browser platform, Gemini has a crypto exchange app, wallet, and crypto payment app. Gemini also has its own stablecoin, the Gemini dollar, and the aforementioned premium version of its trading platform called ActiveTrader.

The features you can expect with it are advanced charting, multiple order types, auctions, and block trading.

Customer Support

The primary channel for contacting customer support is email, but you can also reach out via a toll-free phone number or Twitter. You can also consult various FAQ documents on the site, or use the Gemini Bot “live chat” feature to find a solution to your issue.

Our experience with the customer service team was very positive; the agents were helpful and quick to respond to incoming tickets.

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Bitget Review

Bitget Review Logo Open Account

On Official Website

Supported currencies:
187
Fiat support:
Yes
Trading fee:
0.02% to 0.2%
Mobile app:
Yes
Wallet app:
No
  • 24/7 customer support
  • Low trading fees
  • Great range of fiat currencies

“Better trading, better life” is the motto of the Bitget crypto exchange platform, which aims to simplify your trading with its innovative methods. The platform is arguably the market leader when it comes to trading derivatives.

It offers a wide range of other products and services as well, including perpetual contracts, futures contracts, margin trading, and over-the-counter trading.

Established in 2018 and headquartered in Singapore, this crypto exchange was ranked among the top five exchanges according to its daily average futures trading volume in July 2020.

Supported Currencies

With so many options on the market, choosing among the platforms to buy cryptocurrency can seem impossible.

However, if you opt for Bitget, you won’t need another exchange, as this platform supports over 150 coins, including Bitcoin, Ether, Litecoin, Bitcoin Cash, Ripple, EOS, Stellar Lumens, Cardano, Tronix, Icon, Neo, and many, many others.

Traders can purchase cryptos using an array of fiat currencies, including US dollars, euros, British pounds, Russian rubles, and Japanese yen.

Deposit and Withdrawal Methods

As you’d expect from one of the top crypto exchanges, Bitget enables its customers to fund their accounts using all popular payment methods, such as Visa, Mastercard, Apple Pay, and Google Pay; the supported service providers include Mercuryo, Xanpool, and Banxa.

Before cashing out, check the withdrawal limits and fees for the cryptocurrency in question. For example, be ready to part with 0.0006 BTC for Bitcoin withdrawals, slightly above the industry standard. Once you submit your request, it takes from two to 10 minutes for funds to reach your account.

Mandatory Fees

Bitget’s fees are based on the “maker/taker” model. Makers are the users who make liquidity by adding orders to the order book, while takers fill trading options, usually by taking the existing orders from the book. The fee for spot trading for both makers and takers is the same and amounts to 0.10%.

However, makers pay 0.02% for futures trading, whereas takers are charged 0.06%. These fees are discounted if you use the BGB token (Bitget’s cryptocurrency).

Security Measures

Bitget’s security measures are pretty standard and include two-factor authentication and email verification. The platform holds three licenses: the US Money Services Business License issued by the FinCEN, Canada Money Business License by the FINTRAC, and Australia Digital Currency Spot provided by the AUSTRAC.

Furthermore, Bitget boasts 12 A+ rankings from SSL Labs and offers both hot and cold storage wallets. However, there is no master password provided to secure your account or download history if you lose your phone or delete the app by mistake.

User Experience

Bitget ranks among the top cryptocurrency exchanges with its user-friendly interface and intelligently designed iOS and Android apps. Its copy trading feature enables complete beginners to mimic experienced traders’ strategies for more profit.

The only detail we didn’t like in the overall design of Bitget’s interface is that you can’t review your entire transaction history on one page.

Customer Support

Bitget’s customer support is multilingual and available ‘round the clock. The agents typically answer within seconds via live chat. You can also contact customer service via email. The company also has its own Discord, as well as accounts on Facebook, Twitter, and Reddit.

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Bitstamp Review

Bitstamp Review Logo Open Account

On Official Website

Supported currencies:
56
Fiat support:
Yes
Trading fee:
0% to 0.50%
Mobile app:
Yes
Wallet app:
Yes
  • Solid cryptocurrency selection
  • Round-the-clock customer support
  • Various funding options

Bitstamp is another representative of old-school cryptocurrency platforms. Its co-founders, Nejc Kodrič and Damian Merlak, created the site as a competitor to Mt. Gox, which was then in its heyday.

Originally based in Slovenia, Bitstamp has since been acquired by NXMH, an investment company, and moved its HQ to London, as well as opening offices in Luxembourg. It’s currently headed by CEO Julian Sawyer and offers diverse trading options for trading fiat and cryptocurrencies.

Supported Currencies

Our first stop on Bitstamp was to review the tradable currencies you can trade on this platform. Although it’s among the most popular cryptocurrency exchanges, Bitstamp’s offer is mid-range. At the time of writing, it allows users to trade 56 cryptocurrencies. Hopefully, we can expect more in the future.

For now, you can buy or sell Bitcoin, Bitcoin Cash, Ether, Dash, Litecoin, Tether, DAI, and some less commonplace coins, like Uniswap, Chainlink, Algorand, Compound, Synthetic, and Paxos Standard.

However, Bitstamp is a bit limited when it comes to fiat currencies. Only USD, EUR, and GBP are available.

Deposit and Withdrawal Methods

Bitstamp may not be your first choice if you are looking for a Bitcoin trading platform with diverse payment methods. No e-wallets are supported; the only options at your disposal are ACH transfers (for US customers), debit and credit cards for instant trades, and SEPA transfers for Eurozone clients.

On the plus side, transactions are fast and take one to three business days for most payment methods (up to five days for international wire transfers).

Mandatory Fees

If you are looking for a crypto exchange with low trading fees, you’re in the right place. Bitstamp’s fees are based on the 30-day trade volume of all trading pairs. The lowest maker fee is 0%, and the highest taker fee stands at 0.5%. 

Security Measures

Bitstamp is frequently praised for its excellent security, with good reason: The platform uses various tools to ensure client fund and information safety. For starters, as soon as you create an account, the platform will prompt you to set a new password and use the two-factor authentication feature.

The majority of Bitstamp’s assets are kept in cold storage, and only a fraction stays in its hot wallet, although that too has several layers of protection surrounding it. Unfortunately, as it offers no wallet app, Bitstamp can’t extend the same guarantee to customers who withdraw funds to their own wallets.

User Experience

Bitstamp is definitely one of the best crypto exchanges on the crypto market, but its target audience is mainly experienced traders. You’ll need to spend some time learning how to use the platform, especially if you haven’t used similar services before.

The good news is that Bitstamp has a mobile app for iOS and Android devices. It’s a convenient tool for professional traders who want access to various order types and analytical tools wherever they are.

Customer Support

Bitstamp customer support is available via phone and email. There’s also a detailed FAQ section on the site, where you can find a lot of helpful information and perhaps the solution to your issues.

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Swapzone Review

Swapzone Review Logo Open Account

On Official Website

Supported currencies:
300+
Fiat support:
No
Trading fee:
Varies by exchange partner
Mobile app:
No
Wallet app:
No
  • Fast trading process
  • A dynamic interface
  • Comprehensive video tutorials

Launched in 2020, Swapzone is already making waves in the world of cryptocurrency exchanges. This site is an aggregator of crypto exchange platforms, not an exchange in itself. Its primary purpose is helping users compare rates between trading platforms.

Supported Currencies

Swapzone is partnered with over a dozen platforms, such as Changelly, CoinSwitch, ChangeNow, and SimpleSwap, and offers an expansive asset base (over 300 cryptocurrencies in total).

Deposit and Withdrawal Methods

Although Swapzone works with several well-known crypto exchanges, it doesn’t redirect users to individual platforms. Instead, it lets you swap your cryptos directly from its interface. Note that this is a cryptocurrency-only exchange facilitator.

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. However, that’s not to say that trading is free here - the fees just depend on the platform you choose to use via Swapzone.

You can filter through offers by rate type. Options include floating rates, fixed rates, and floating rates with excluded transaction fees. The exact rates you’ll be charged depend on the exchange partner and transaction type you choose.

Security Measures

Swapzone is an excellent choice for crypto traders because of its top-notch security measures, too. Unlike some of its competitors, Swapzone doesn’t hold any cryptocurrency on its platform, making it an unlikely target for hackers.

However, as a non-custodial service, the site cannot manage your funds or control your assets, so you’ll have to provide the crypto wallet and take care of your own funds. On the plus side, Swapzone doesn’t require users to share any personal data to trade.

User Experience

Swapzone’s primary appeal is the ease of finding competitive market rates for cryptocurrency pairs. You can filter the offers by speed (fastest offers), cost (lowest 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 be asked to enter the amount you want to swap and 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.

Customer Support

Should you have any questions or 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 and knowledgeable.

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Kriptomat

Kriptomat Logo Open Account

On Official Website

Supported currencies:
334
Fiat support:
Yes
Trading fee:
1.45% to 3.45%
Mobile app:
Yes
Wallet app:
Yes
  • Wide range of payment methods
  • Interface in 22 languages
  • Government-regulated platform

Kriptomat.io is a crypto exchange launched in 2018 from Estonia. It has one of the most advanced crypto exchange apps for iOS and Android. The platform’s affordable trading fees attract hundreds of users from all around the world.

Kriptomat is a regulated European cryptocurrency exchange platform and a member of the International Association for Trusted Blockchain Applications (IATBA). The platform operates globally but isn’t accessible to those in the United States.

Supported Currencies

Kriptomat.io works with over 300 currencies, and that figure is constantly growing. In addition to more mainstream digital currencies, including Bitcoin, Bitcoin Cash, Ether, Dash, Ripple, and Litecoin, the site also offers other popular options like Vechain, Tezos, Uniswap, Cosmos, and Shiba Inu.

You can also exchange fiat currencies, like the euro, British pound, Swedish krona, Danish krone, Swiss franc, etc.

Deposit and Withdrawal Methods

Kriptomat is among the more versatile crypto exchanges in terms of transaction options. The platform enables trading through SEPA bank transfers and credit cards, including Visa and Mastercard. What’s more, you can buy cryptocurrency using Skrill and NETELLER, which isn’t always the case.

Mandatory Fees

Kriptomat charges a 1.45% fee if you trade euros to crypto, or the other way around, with a €1.45 minimum. Those who use a credit card will be charged 3.45% of their transaction value, as well as additional fees for purchases below €100, or 1.99% for a credit card deposit.

On the plus side, there are no fees for crypto-to-crypto exchanges.

Security Measures

As mentioned earlier, Kriptomat is regulated by EU laws, so the platform abides by the EU General Data Protection Regulation (GDPR), and cannot sell European customers’ data.

Kriptomat stores 98% of the currency circulating on its platform in cold storage. As for user security, account holders can use multiple verification methods, and rely on the constant monitoring of the platform’s ins and outs by technical and operational staff.

User Experience

This powerful crypto exchange platform can cater to experienced and newbie traders alike. Account creation is easy, and the interface is optimized to facilitate quick trade execution, both in the browser platform and the mobile app.

Customer Support

Kriptomat customer support is available via live chat and email, with relatively short wait times. The site also contains an extensive knowledge base for those who wish to troubleshoot independently. There is no phone support, unfortunately.

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Binance Review

Binance Review Logo Open Account

On Official Website

Supported currencies:
140+
Fiat support:
Yes
Trading fee:
0.015% to 0.1% (+ 0.1% for non-BNB trades)
Mobile app:
Yes
Wallet app:
Yes
  • Famous exchange
  • Diverse order types
  • Advanced trading

Binance is one of the biggest crypto exchanges globally, and probably the most famous of them all. It currently trades with an expansive set of cryptos and has its own token: Binance coin (BNB).

Supported Currencies

Binance’s tradable assets include over 140 currencies. Aside from the usual frontrunners (Bitcoin, Ether, and Litecoin), you’ll find lesser-known coins, such as Siacoin, Ravencoin, and New BitShares.

Binance accepts crypto purchases made in over 60 fiat currencies, including American, Australian, Hong Kong, or Canadian dollars, British pounds, and Polish zloty, among many others. Due to this diverse offering, Binance is considered one of the best fiat-to-crypto exchanges.

Deposit and Withdrawal Methods

Cryptocurrencies can be bought using an array of payment methods. Their availability varies by country, but you can generally deposit via bank transfer, credit or debit card, or use one of the third-party payment options.

The withdrawal limits on Binace are expressed in BUSD, Binance’s stablecoin, and change based on your client level. Regular customers can withdraw up to 8 million BUSD, while VIP 9 customers can cash out up to 96 million BUSD per day.

Mandatory Fees

When it comes to buying and selling online, you always need to consider the fees, and this applies to Binance, too. In addition to its standard spot trading fee of 0.1% for non-BNB trades, costs are based on the “maker/taker” model and range from 0.015% (with the 25% BNB user discount) to 0.1%.

Security Measures

Although Binance has several layers of data and fund protection in place, it was hacked in February of 2019, and tokens worth $40 million in total were stolen. This was a devastating blow to Binance’s reputation as one of the leading cryptocurrency exchanges.

On the plus side, this hack made Binance aware of its shortcomings. Since then, Binance’s improvements to safety protocols have made it a much more trustworthy platform. Right now, Binance employs AI and big data analytics to help with user verification and monitor suspicious activity on the exchange.

On the user side, Binance has a two-factor authentication process that includes both a PIN and a private key for authorizing any transaction.

User Experience

As a leader in its field, Binance doesn't have just one crypto exchange app. Its primary app is meant for all users and trading as you experience it from your browser. Binance Custody is a crypto storage app meant for the platform’s Enterprise users. Finally, Profit Trading for Binance is a quick-trading app with more streamlined capabilities compared to the full-fledged platform.

Customer Support

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

While you’re unlikely to get the personalized service you desire, you will find a pretty detailed FAQ section full of information you need to start trading on Binance. Otherwise, you can send an email to the support team, or contact them via live chat if you’re a registered user.

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CEX.IO Review

CEX.IO Review Logo Open Account

On Official Website

Supported currencies:
112
Fiat support:
Yes
Trading fee:
0% to 0.25%
Mobile app:
Yes
Wallet app:
Yes
  • High trading volume
  • Crypto-backed loans for individuals
  • Provides cold crypto wallets

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

If you’re new to the crypto world, CEX.IO could be perfect for you. 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 supported 112 cryptocurrencies, including classics such as Bitcoin, Bitcoin Cash, Ripple, and Ethereum, as well as a bunch of other coins and tokens you’ve probably never heard of. CEX.IO isn’t the best crypto exchange in terms of variety - some of the candidates on this list have three times as many coins to trade - but if it accepts your preferred currency, it’s definitely worth a shot.

CEX.IO allows you to buy cryptocurrency using USD, EUR, GBP, and RUB.

Deposit and Withdrawal Methods

CEX.IO offers plenty of payment methods to make deposits and withdrawals as simple as possible.

You can make deposits via Visa or Mastercard, bank transfers (SWIFT, SEPA, or ACH, depending on where you are), e-wallet services like Skrill and Epay, and crypto. Although CEX.IO is maybe the best cryptocurrency trading platform in terms of speed, the exact processing time will depend on your bank.

CEX.IO deposit and withdrawal limits depend on your method of choice: SEPA and SWIFT transfers have no upper limit in either direction, but they start at €20 and $300, respectively. Cards have no upper limit for deposits and start at $20, but withdrawals are limited based on your provider.

You can find the complete list of payment methods and limits in CEX.IO’s support section.

Mandatory Fees

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

Security Measures

You don’t have to worry about any funny business at CEX.IO. It ranks among the most trusted cryptocurrency exchanges, is registered in the US as a Money Services Business with the US Treasury’s Financial Crimes Enforcement Network. US customer funds are insured by the FDIC for up to $250,000 in losses, too.

CEX.IO is protected by a level-2 CI DSS Certificate, and has a range of security measures 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.

Finally, CEX.IO has its own wallet app you can use, with the same security measures guaranteeing your funds’ safety as on the site.

Customer Support

Like many crypto 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 on par with the top venues when it comes to customer support, its ever-expanding help center has proven useful to many, and you can now reach company agents via email and phone.

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Changelly Review

Changelly Review Logo Open Account

On Official Website

Supported currencies:
398
Fiat support:
Yes
Trading fee:
0% to 0.1%
Mobile app:
Yes
Wallet app:
No
  • Low crypto-to-crypto exchange fees
  • Fast transactions
  • Comprehensive tutorial and analytics

Changelly is primarily famous for the cryptocurrency variety it offers for trade. The exchange itself is fast, reliable, and, most importantly, simple to use. The site is perfect for day trading and quick profits.

Supported Currencies

The main thing that separates Changelly from other cryptocurrency exchanges on the market is that it accepts almost 400 cryptocurrencies, and that number is likely to grow further. Aside from Bitcoin and Ether, you’ll be able to trade dozens of tokens 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, Mastercard, bank transfers, and Apple Pay as payment methods. Therefore, Changelly is a better choice if you already have a stash of one crypto you want to exchange for another.

Since the crypto-to-crypto exchange process doesn’t require deposits in the traditional sense, you won’t have to worry about extra fees in this field.

Mandatory Fees

Like most other cryptocurrency exchange platforms, Changelly’s fee schedule is built around the “maker/taker” model. In both cases, trading fees change according to your personal trading volume: Makers can expect to pay from 0% to 0.1%, while takers have a fee range between 0.03% and 0.1% for their trades.

Also, if they wish to avoid the consequences of market volatility, users can choose to fix the floating exchange fee at 0.25%, which Changelly claims is the lowest in the industry.

Security Measures

Changelly is one of the rare players on the market that has managed to maintain an immaculate safety record for nearly a decade. 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 doesn’t require any deposits for crypto-to-crypto exchanges.

Once your interest has settled on a given cryptocurrency, Changelly finds the best offer for you among its partners and works as a go-between.

User Experience

The Changelly platform is among the best-designed on the market. Its straightforward interface allows for rapid crypto trading, transactions in general are pretty quick, and the low fees are tempting. It also has a mobile app with the same capabilities as the browser platform, for both Android and iOS.

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. You can reach Changelly’s support team through email ticketing and live chat.

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Paxful Review

Paxful Review Logo Open Account

On Official Website

Supported currencies:
3
Fiat support:
Yes
Trading fee:
0.5% to 5%
Mobile app:
Yes
Wallet app:
Yes
  • Peer-to-peer exchange
  • Diverse payment methods
  • Advanced tools for crypto trading

If you’re looking to trade multiple cryptocurrencies, Paxful might not be the right crypto exchange for you. Since its origins in 2015, Paxful has never focused on offer variety; instead, it specializes in Bitcoin, Ether, and Tether.

On the other hand, the accepted payment options are outstanding. You can buy Bitcoin with practically anything, including gift cards, with whatever currency you keep in your bank account.

Supported Currencies

Currently, Paxful allows you to buy and sell Bitcoin, Ether, and Tether. However, you can pay or get paid in 39 different cryptocurrencies.

Deposit and Withdrawal Methods

Overall, Paxful is a world-class Bitcoin trading platform. It currently accepts 455 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 purchase methods.

Mandatory Fees

There are no fees for using Paxful if you’re there to purchase Bitcoin or the other two cryptos it sells. However, sellers have to pay a fee of 0.5% or 1% for traditional payment methods, and 3% or 5% for gift card payouts.

Security Measures

While Paxful itself is a legitimate platform registered in the USA and in compliance with local laws, its users are not all well-intentioned.

As such, it’s not one of the sites for buying cryptocurrency that we can recommend if you don’t yet have a good understanding of the cryptocurrency industry, considering the many reports of scams on this platform.

User Experience

Paxful offers a streamlined and focused approach to trading specific crypto. Its platform includes a proprietary Bitcoin wallet which makes trading even easier, as well as apps for Android and iOS. Satisfied users praise the speed of its transactions and the simplicity of the process.

However, we would be remiss to disregard the fact that this site has something of a negative reputation among Bitcoin trading platforms. Although the exchange itself is not to blame for the actions of malicious agents using it, this is something to keep in mind if you opt for Paxful. 

Customer Support

You can try to use the “live chat” with Pax Bot to solve your problem, or submit a ticket that will be answered by a member of Paxful’s support team. The agents are exceptional, judging by reviews online, 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.

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A Short Guide to Cryptocurrency Exchanges

Cryptocurrencies are ubiquitous nowadays, and so are venues for trading them. With so much quantity, discerning quality and finding the best crypto coin exchange is difficult, especially for newcomers to this lucrative sphere.

There are three main types of establishment here: Centralized, decentralized, and Hybrid cryptocurrency exchanges. Now let's see how they work and what their main differences are.

Centralized Exchanges

Centralized exchanges or CEXs are run by a single company. Binance, Coinbase, and Kraken are all examples of centralized exchanges. They offer a variety of features, such as advanced cryptocurrency trading tools, high liquidity, and low fees. However, they also come with some risks.

Because they are run by a single entity, their servers are more susceptible to hacking, and they can be shut down by government regulations aimed at a specific company.

Decentralized Exchanges

Decentralized exchanges, also known as DEXs, are not backed by a single entity. Instead, they are powered by a network of nodes. If you are interested in finding the best decentralized crypto exchange, you can check out some of the most popular ones, such as Uniswap, SushiSwap, and Balancer.

These types of exchanges offer several advantages over their centralized counterparts. They are much more secure, since their data and funds aren’t held in one place, and provide greater transparency, since all transactions are recorded on a blockchain.

However, DEXs generally have lower liquidity and higher fees than centralized exchanges.

Hybrid Cryptocurrency Exchanges

As the name suggests, hybrid cryptocurrency exchanges embody a mix of centralized and decentralized aspects. They offer the best of both worlds: The security of a decentralized exchange with the liquidity of a centralized exchange. Hybrid crypto exchanges have gained a lot of popularity in recent years, thanks to their unique features.

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.

Cryptocurrency Terms To Know Before You Invest

While searching for the best crypto exchange on the internet, people new to investing in cryptocurrency may feel overwhelmed by all the new industry-specific lingo. Even crypto trading veterans may need a quick refresher from time to time.

That’s why we’ve made a brief glossary of terms you should know and understand well before starting to trade cryptocurrency online. Many of these are similar to and borrowed from the traditional stock market.

Altcoin: A blanket name for any cryptocurrency that is not Bitcoin, 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. This is essential information for those looking into trading a new token.

Bag Holder: A term used to describe a person holding onto a collection of crypto coins, especially when their current market value suggests they should have been sold long 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 merely mean that crypto prices are stagnating, but bull markets always imply strong upward price trends.

Blocks and Blockchains: A block represents a series of transactions recorded simultaneously. A blockchain is a decentralized ledger consisting of a series of blocks logging 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 buying cryptocurrency, you should understand the basics of crypto wallets. In essence, these virtual storage units are software that reflects your cryptocurrency balances according to their respective blockchains and lets you conduct crypto transactions secured by a mix of public and private encryption keys. Crypto wallets can be hot (software) and cold (hardware). The former are necessary for trading, but are less secure than the latter, which are disconnected from the internet most of the time.

CEX/DEX: This is shorthand for centralized/decentralized exchange. Our list of crypto exchanges includes only third-party-run centralized coin exchanges, while direct peer-to-peer crypto trading happens on a decentralized coin exchange. Both have their advantages and disadvantages, with centralized exchanges generally being more accessible for people new to crypto trading and more often recognized by regulatory bodies as legitimate.

Cryptographic Keys: Whether you go for a 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, publicly available as an account number 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 a public profile. It represents the key to your crypto wallet, and you should be the only one with access to it.

Liquidity: This is the trading volume within a given price range at a given market in a given timeframe. The largest crypto exchanges can easily be identified by looking at their liquidity, and so can the best cryptocurrencies to trade.

Long and Short Betting: Long betting assumes that the price of an asset will increase and generally implies buying said cryptocurrency when its price is low. At the same time, short betting refers to a predicted downward trend and selling off a specific token before its price drops too far.

RSI: RSI, or the relative strength index, shows the momentum of an asset (in this case, a cryptocurrency) by comparing its recent gains and losses over a certain period. Its value can be anywhere between 0 and 100, with low values indicating that a token is undervalued, and high values indicating the overbuying of a specific crypto.

It’s an essential tool for determining which cryptocurrencies are worth investing in. When comparing tokens on crypto exchanges by volume of transactions, an overly high or low RSI can be a warning sign, depending on your goals.

Spread: At the most basic level, this represents the difference between two prices. There are several spread variations, such as the difference between the highest and lowest price the cryptocurrency has traded for, or its highest price compared to the average trading price. Most commonly, though, it represents the current difference between the lowest selling and highest buying offer for a particular cryptocurrency.

Transaction Fee: A fee that you’ll get charged even at the best Bitcoin exchanges, and represent the percentage of each transaction you make that the exchange keeps for itself.

Explore our detailed reviews of the top investment products & services on the market

FAQ

Which is the safest crypto exchange?

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While reputable cryptocurrency exchange platforms employ cutting-edge security measures and encryption techniques to protect user data, the truth is that no platform or technology is truly infallible. Still, our testing showed that Coinbase is leading the way in terms of investor security, and is our recommendation for customers concerned about data protection when trading.

How do I choose a crypto exchange?

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Whether you are an experienced crypto trader or choosing a crypto exchange platform for the first time, the critical details to examine are the platform’s security history, trading volume, number of cryptocurrencies on offer, and deposit methods. You should also consider the mandatory fees incurred by trading on the platform, as well as what other customers are saying about the exchange’s support quality.

What is the best cryptocurrency exchange for beginners?

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Any of the options on our list are solid contenders, but our favorite is probably Coinmama, thanks to its incredibly intuitive user interface and constructive customer support. It is the best place to buy crypto if you’re entirely new to this kind of trading.

Which crypto exchange has the lowest fees?

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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?

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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 offers slightly different perks to its traders.