Are you looking for secure, fast, and easy crypto exchange platforms to buy, sell, trade, or stake your cryptos?

This ultimate guide to the best crypto exchanges and trading platforms, ranked in 2022 will provide all the answers you need.

There’s a reason why everyone is talking about Binance, Coinbase, Crypto.com, and Kraken online.

Sure, they’re some of the most popular cryptocurrency exchanges but I’ll help you discover some gems here. I want to help you pick the best crypto platform that’s perfect for you.

This in-depth guide will show you:

  • What the best crypto exchanges and trading platforms are
  • What a cryptocurrency exchange really is
  • How crypto exchanges work
  • FAQs
  • And lots more…

So if you’re just getting started with buying and selling crypto assets or want to switch to a more secure crypto platform that pays 12 – 20% interest, I wrote this guide with you in mind.

Let’s go ‘all in’ and show you the best cryptocurrency exchanges with the potential to grow your money.

What Are The Best Crypto Exchanges And Trading Platforms?

Here are my top picks for the best cryptocurrency exchanges and trading platforms for 2022:

  1. Binance
  2. Crypto.com
  3. Coinbase  
  4. eToro
  5. KuCoin
  6. Kraken
  7. Binance.US
  8. VAULD
  9. Nexo
  10. BitOasis
  11. Gemini
  12. BlockFi
  13. FTX
  14. Voyager
  15. Bittrex
  16. Bitfinex
  17. BitPanda
  18. BitStamp
  19. Coinmama
  20. EXMO
  21. Bisq
  22. Robinhood
  23. Interactive Brokers

Alright, let’s dive right in. Let’s break down each of the 23 best crypto exchanges and trading platforms of 2022:

1. Binance

The best crypto exchange platform for low fees

Best crypto exchanges and trading platforms - Binance

While the Binance crypto platform has a variety of ways to purchase its tokens, its Basic trading platform provides the simplest and most basic experience.

It supports more than 500 coins including Bitcoin, Ethereum, Litecoin, and its native BNB tokens.

With just a few clicks, you can trade a wide range of cryptocurrencies within minutes.

Other features include One Cancel, which enables you to set up a limit or stop-limit order, and a market watch function.

Key Features

  • Buy and sell cryptocurrencies
  • Low fees
  • Comprehensive charting options
  • Buy and trade 500s of cryptocurrencies
  • A seamless P2P crypto trading platform
  • It supports Bank Credit Cards, Visa, and other Cryptos

Pros

  • An easy to use crypto platform
  • Zero trading fees on Binance P2P
  • 150+ payment methods and FIAT currencies supported
  • Binance is available globally
  • Access to escrow service for large transactions

Cons

  • The KYC process is a pain in the neck
  • Not available in all U.S. states

Binance Fee Structure

Deposit fee

0%

Withdrawal fee

$0 ( a FIAT fee is paid by users to cover the cost of moving crypto assets out

Trading fee

0.1%

Bank Card deposits

1.80% (applies to Pound Sterling (£) deposits only)

Best Crypto Exchange For Low Fees
Binance
4.7
Free Signup

Binance is the world's leading cryptocurrency exchange. Their vision is to increase the freedom of money globally. They believe that by spreading this freedom, they can significantly improve lives around the world


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2. Crypto.com

The best option for buying/selling crypto at true cost

Best cryptocurrency exchanges - Crypto.com

Crypto.com is an online exchange where you can buy, sell, and spend cryptocurrencies.

It offers a digital wallet and cryptocurrency-backed debit card. The company has an app that lets you track and manage your cryptocurrency accounts. You can use the app to deposit and withdraw cryptocurrency.

This app supports seven fiat currencies and 53 cryptocurrencies. You can also track the prices and buy/sell crypto on the site.  

Key Features

  • An inclusive platform to buy and sell crypo assets
  • Margin trading
  • Trade Derivatives with ease
  • Crypto merchant payment services
  • An seamless digital wallet

Pros

  • Low fees (0.036% – 0.144%)
  • Cash back cards
  • Get Gift cards and phone top ups
  • Easily convert your money
  • Buy and sell a wide range of cryptocurrencies

Cons

  • Lack of learning resources for beginners new to crypto investing
  • Some coins aren’t supported by other exchanges
  • The user interface can be easier for beginners

Crypto.com Fees

Maker Fee

Taker Fee

Credit Card Purchases

0.04% to 0.4%

0.1% to 0.4%

2.99%

Min. Investment

$1

FIAT withdrawal fees

0%

Credit Cards fees

It may apply

World's Fastest Growing Crypto Exchange
Crypto.com
4.5
Free Signup

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest-growing cryptocurrency exchange platform.


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3. Coinbase

The best crypto exchange platform for beginners

Best crypto exchanges and trading platforms - Coinbase

Coinbase is a reputable platform that allows users to buy and sell cryptocurrencies. You can withdraw funds from your Coinbase wallet to a bank account.

You can also buy Bitcoin from other exchanges and sell them through the platform.

To use the platform, users must sign up for a free account with a valid email address and password.

To use Coinbase, users need to confirm their age and address. They can also verify their phone number by entering a code sent to them via SMS.

Key Features

  • Track your crypto investment on the go with Coinbase app
  • A wide range of cryptocurrencies to invest in
  • An easy trading interface
  • A detailed reporting of trades
  • Next-level security for your crypto funds

Pros

  • Earn up to $16 free crypto to get started
  • It offers an easy process to deposit USD
  • Easy to use crypto trading platform
  • It’s easy to schedule daily, weekly, or monthly crypto buys
  • A rich learning center with articles, guides, and videos

Cons

  • The fee structure is a bit complex to understand
  • High fees compared to other crypto exchanges
  • Just a handful of altcoins. More will be great

Coinbase Fees

Transaction fee

$0.99 – $2.99

Coinbase Pro fee

0.50% (lower fees)

Spread fee

0.50%

US Bank Account payment

1.49% (conversion fee)

Debit card purchases

3.99%

Instant Card Withdrawal

Up to 1.5%

Best Crypto Exchange For Beginners
Coinbase
4.5
Free Signup

Coinbase is a crypto exchange platform where you can buy and sell Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies, through your bank account, credit cards, or PayPal account.

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4. eToro

The perfect crypto exchange platform for social investing

Best crypto exchanges and trading platforms - eToro

eToro is a cryptocurrency exchange and social investing platform that lets users buy and sell digital assets like Bitcoins and Ethereum.

You can also invest in CFDs (contracts for difference), which are derivative investments that do not require you to own the underlying asset.

The minimum deposit via debit card is $10 with a maximum of $40,000 per transaction. You can also withdraw as little as $30 per day, with a $5 standard fee for all withdrawal request.

Key Features

  • Social trading: Copy top investors to mimimize risks
  • Crypto staking features
  • Build your crypto investment portfolio
  • eToro’s earning report calendar
  • Demo accounts to get you started at no cost

Pros

  • Start trading cryptos with as little as $10
  • It’s easy to buy Bitcoin, Ethereum and other crypto assets
  • A clean and simple account opening process
  • An easy to use social trading platform
  • Gain knowledge through the educational center

Cons

  • It only allows one account base currency
  • Non-trading fees are quite high
  • Only U.S. eToro customers are allowed to trade cryptos

eToro Fees

Management fees

$0

Commission fees

0%

Fees on Spreads

BTC: 0.75%

ETH: 1.90%

BCH: 1.90%

XRP: 2.45%

DASH 2.90%

LTC: 1.90%

ADA: 2.90%

Overnight/Weekend fees

May apply

Leading Social Investment Network
eToro
4.4
Free Signup

eToro is the worlds leading social investment network. You can trade and invest in stocks, currencies (such as crypto), and commodities.


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5. KuCoin

Best crypto exchange platform for altcoins at low fees

Best crypto exchanges and trading platforms - KuCoin

KuCoin is a Cryptocurrency exchange platform that provides access to a wide range of altcoins trading at low fees.

If you’re looking for a convenient way to buy and sell cryptocurrencies, KuCoin is a great choice.

You can deposit funds using credit cards, debit cards, or bank transfers.

Key Features

  • Buy USDT with credit cards, SEPA
  • P2B crypto options
  • 500+ coins to trade and profit from
  • Trading Bot: An easier way to earn profit
  • Spot Trading: Easily trade cryptos with hands-on tools
  • Margin Trading: magnify your profits with leverage
  • Lend out your cryptos to earn interest

Pros

  • Low fees (0.0125% – 0.1%)
  • A user-friendly trading dashboard
  • Easily minimize risk with Trading Bot
  • Earn interests through crypto lending

Cons

  • Limited payment gateways for making deposits
  • Not ideal for new crypto traders
  • It’s not licensed in the U.S.

KuCoin Fees

Amount minimum

$5

Deposit fee

Free  

Withdrawal fee

1 ADA for Cardano

Maximum Payout amount

$5,000

Tiered-Trading fee

0.0125% – 0.1%

Great Crypto Exchange For Altcoins
KuCoin
4.3
Free Signup

KuCoin is one of the newest cryptocurrency exchanges but also one of the biggest, or at least they are in terms of the number of coins they support.


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6. Kraken

An easy-to-use crypto exchange and trading platform for beginners

Best cryptocurrency trading platform - Kraken

Kraken is one of the largest crypto exchanges in the world with users in over 190 countries.

The platform is great for intermediate and advanced users alike and is a popular choice among cryptocurrency beginners.

The platform offers advanced features like margin trading, futures trading, etc.  

Key Features

  • Advanced crypto trading features
  • 50+ popular cryptocurrencies
  • A comprehensive security tools to secure your funds
  • Use Margin to trade: get 5X leverage
  • Crypto pricing benchmark with indices

Pros

  • Non-instant purchase fees are low
  • Advanced trading platform for experts
  • A huge array of cryptocurrencies to invest in
  • Maximize crypto futures, with up to 50% leverage

Cons

  • Withdrawals fees are quite high (0.50% + 0.9% to 1.5%) for ACH transfers
  • Lack or insufficient educational resources for new users

Kraken Fees

Account minimum

$10 (it can be higher. It depends on the crypto asset)

Fees

0% – 0.26%

ACH Transfer

0.50% + 0.9% to 1.5%

Crypto conversion

Based on volume

Withdrawal fees

$4 – $35 (depending on the volume)

Leading Crypto Exchange
Kraken
4.3
Free Signup

Kraken is one of the largest and oldest crypto exchanges in the world. It offers a wide selection of cryptocurrencies available to buy, sell and trade. It touts its excellent service, low fees, versatile funding options, and rigorous security standards.


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7. Binance.US

The best crypto exchange site for low fees for US citizens/residents

best cryptocurrency exchange - Binance US

Binance.US provides an interactive way to buy, sell, and trade cryptocurrency in the US. Registered users can trade 60+ cryptocurrencies and pay some of the lowest trading fees in the industry.

If you live in the US, the best way to access the trading platform is to use the US version of Binance.

While Binance.com is available worldwide, the US version is smaller and owned/operated by a different company — BAM Trading Services.  

Key Features

  • 50+ currencies supported
  • Low Flat fee of 0.1% fee for spot trades
  • Start trading crypto with a $10 minimum
  • Recurring crypto investment options available

Pros

  • Binance.US uses the Binance.com technology (deposits & withdrawals are fast)
  • Low fees (0.1% transaction fees).
  • Enjoy low fees when you pay in BNB
  • A high liquidity option for users

Cons

  • It requires a bit of a learning curve
  • Security features are not accessible
  • Not available in all U.S. states (e.g., Hawaii, Idaho, Texas)

Binance.US Fees

Starting fees

0.50%

Maker/Taker fees

0% – 0.01%

Instant Buy fees

0.50%

Minimum trade

$10

Binance.US
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8. Vauld

The best platform to lend and borrow crypto assets easily

Best Crypto exchange and trading platform - VAULD

Vauld is a Singapore-based crypto exchange and trading platform. It offers a number of options to customers looking to buy, sell, and borrow cryptocurrencies.

In addition to trading, Vauld allows customers to lend or borrow crypto assets and make instant payments on these assets.

It offers fixed deposits on more than 30 major cryptocurrencies.

Key Features

  • Earn, Borrow, and Trade Cryptocurrencies
  • Multiple trading platforms (iOS, Android, Desktop)
  • Earn higher interests rates on fixed deposits
  • Compounded interests are paid out weekly
  • Borrow cryptos and get approved instantly

Pros

  • No hidden fees
  • The mobile app is easy to use
  • No hassles. Payback your loans anytime, by installments,
  • Gain access to a crypto community to discuss upcoming tokens

Cons

  • It’s a relatively new crypto exchange and trading platform (not enough reputation yet).
  • Sometimes, you may experience network outage while making a deposit/withdrawal.

Vauld Deposit and Withdrawal Fees

Best crypto exchange platform - VAULD fees

Vauld Interest Rates

Token

Savings Rate (APY)

Fixed Deposit Rate (APY)

BTC

4.60%

6.70%

DAI

9.41%

12.68%

TUSD

9.41%

12.68%

ETH

4.60%

6.70%

XRP

4.60%

6.70%

Navid's Pick
Vauld
4.5
Free Signup

Vauld is a Singapore-based crypto exchange and lending platform. It offers a number of options to customers looking to buy, sell, and borrow cryptocurrencies. You can also use Vauld to lend or borrow crypto assets and make instant payments on these assets.

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9. Nexo

A trusted crypto lending platform that pays up to 20% annual interest

Best crypto exchanges - NEXO

The Nexo crypto exchange is the latest addition to the growing crypto exchange market. Users can trade cryptocurrencies on the platform and earn interest, too.

Nexo also offers a regulated and secure storage facility. In addition to offering a variety of different currencies for an exchange, Nexo also offers a card and a cryptocurrency credit line.

There are no hidden fees, but there are transaction limits and a maximum monthly limit of $10k.

Key Features

  • Earn up to 20% of interests on high-yield savings account
  • Borrow cryptos and get approved quickly
  • 30+ cryptocurrencies to lend/borrow
  • Earn daily interest on Cryptos, EURx, USDx, and GBPx.
  • Deposit or withdraw funds anytime

Pros

  • Easily withdraw funds to bank account
  • You can borrow cash with low-interest rates (starting at 0%).
  • There are no credit checks before your cash loan is approved
  • Get free virtual cards, accepted by 40+ million merchants globally
  • Insurance on your custodial assets. This means your fund is safe

Cons

  • Beginners to Nexo may find it difficult to navigate the mobile app or desktop app
  • The app is a bit slow. Speed can be improved.

NEXO Fee Structure

BASE

SILVER

GOLD

PLATINUM

Up to 1% NEXO Tokens in Portfolio

1 Free Crypto Withdrawal each month

1-5% NEXO Tokens in Portfolio

2 Free Crypto Withdrawals per month

5% – 10% NEXO Tokens in Portfolio

3 Free Crypto Withdrawals per month

At least 10% NEXO Tokens in Portfolio

5 Free Crypto Withdrawals each month

Navid's Pick
Nexo
4.5
Free Signup

Nexo is the world's largest crypto lending platform. You can earn up to 20% interest on your crypto, borrow against it from just 0% APR or swap instantly between 200+ market pairs. 


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10. BitOasis

A leading crypto platform to buy and sell crypto in the Middle East

Best cryptocurrency trading platform - BitOasis

BitOasis is a cryptocurrency exchange based in the United Arab Emirates. It was Founded in 2015 in UAE.

The platform focuses on the emerging markets of MENA and is the largest bitcoin exchange in the UAE.

It offers a multi-signature wallet for storing digital assets. It also provides an exchange service that allows users to sell and buy tokens through a local bank.

Key Features

  • Trade 40+ cryptocurrencies and FIAT pairs
  • Advanced trading charts and order types
  • Withdraw your AED to your personal bank account
  • Invite & Earn rewards

Pros

  • It’s great for trading in AED
  • An easy-to-use mobile wallet for iOS users
  • Buy and sell 40+ cryptocurrencies in UAE
  • Safe and secure. Trade from anywhere

Cons

  • High trading fees (up to 0.50%)
  • Limited cryptocurrencies supported

BitOasis Fees

30-Day Volume

Maker Fee

Taker fee

>= 0 AED

0.25%

0.50%

>= 1,000,000 AED

0.20%

0.50%

>= 2,000,000 AED

0.15%

0.45%

>= 3,500,000 AED

0.10%

0.40%

Best Crypto Exchange In UAE
BitOasis
4.2
Free Signup

BitOasis is a cryptocurrency exchange based in the United Arab Emirates. The platform focuses on the emerging markets of MENA and is the largest bitcoin exchange in the UAE.

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11. Gemini

A simple crypto exchange platform to build your crypto portfolio

Best crypto exchanges - Gemini

Gemini is a cryptocurrency exchange that allows people to buy and sell Bitcoin, Ethereum and more.

It’s available in over 60 countries and has a user-friendly platform. One of the best features of Gemini is its simple interface.  

You can use Gemini Earn to earn interest on your digital assets. In addition, you can use this exchange to short sell, which involves investing in the potential for a decline in the value of an asset. This process can be risky, so you should be aware of the risks.

Key Features

  • A digital wallet for users
  • 50+ Crypto-to-Crypto trading pairs
  • A mobile app for both iOS and Android users
  • Peer-to-Peer trading with no min. order size
  • Earn up to 7.4% APY with Gemini Earn

Pros

  • A simple interface to buy and sell 50+ cryptocurrencies on the go
  • Site insurance: Your crypto assets are protected against exchange hacks
  • It’s available in all U.S. states

Cons

  • High transaction fee (0.5% – 3.9%), compared to Binance
  • Some popular cryptocurrencies aren’t supported (e.g., BNB and CRO)

Gemini Fees

Fees

$0.99-$2.99 fee for web and mobile transactions between $10 and $200 (1.49% fee for transactions over $200)

Account Minimum

$0

Convenience Fee

0.50%

Debit card transfers

3.49%

Gemini
Free Signup

Gemini is a crypto exchange that allows people to buy and sell Bitcoin, Ethereum and other cryptocurrencies.

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12. BlockFi

Best cryptocurrency exchange and wallet for business owners

Best crypto exchanges and trading platforms - BlockFi

BlockFi facilitates crypto exchanges; offers interest-bearing accounts, and low-interest-rate loans globally.

The company is fully compliant with regulations and offers a low-entry threshold to users.

It allows one free withdrawal per day, allows deposit and withdrawal of fiat currency, and is backed by institutional investors.  

Key Features

  • Low-cost crypto trading
  • Borrow funds against your crypto assets
  • Top-Tier compliance program to safeguard your funds
  • Easy to use Digital wallets
  • Personalized credit cards for traders

Pros

  • Zero commission fee
  • Available worldwide, except watch-listed countries
  • It offers Instant Trades
  • It’s U.S-based and regulated

Cons

  • Savings are not protected. Bank failure can result in loss of money
  • It doesn’t offer custodial or joint accounts
  • APY and loan rate volatility

BlockFi Fees

Fees

Up to 1% spread per trade

Minimum Deposit

$0

Interest Rates on Deposits

Up to 9.25%

Maintenance fees

0%

BlockFi
4.4
Free Signup

By using BlockFi you can not just buy crypto, but you can start earning on it too. Open an interest account with up to 7.5% APY, trade cryptocurrencies, or borrow money without selling your assets.


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13. FTX

The best cryptocurrency derivatives platform for traders

Best crypto exchanges and trading platforms - FTX

FTX crypto exchange offers a range of deposit and withdrawal methods, allowing users to trade a variety of cryptocurrencies and leveraged tokens.

While the company is still relatively new, FTX is a strong competitor of Coinbase and Ethereum.

The company has added a range of derivatives products such as leveraged tokens (ERC20 assets), which reflect the real-world price of an underlying digital coin.

Key Features

  • Exchange cryptocurrency derivatives
  • 250+ Perpetual futures and markets
  • A wide range of FIAT (USD, EUR, GBP, AUD, etc).
  • Get paid on time with FTX Pay
  • Trade on the go with FTX mobile trading app (for FTX Pro)

Pros

  • A low interest rates (0% – 0.4%) on FTX US
  • Easy access to advanced trading options
  • No withdrawal fees
  • You can easily connect your own digital wallet
  • Earn rewards by staking cryptos

Cons

  • Most cryptocurrencies aren’t supported, compared to Coinbase
  • Customer support isn’t responsive
  • The website is hard to use (a lot of clutter

FTX Fees

30-Day Trading Volume

Maker/Taker Fees

Over 100,000

0.08/0.30%

Over 500,000

0.06/0.20%

Over 1,000,000

0.05/0/15%

Over 5,000,000

0.04/0.10%

Crypto Derivatives Exchange
FTX
4.5
Free Signup

FTX is a cryptocurrency derivatives exchange, built by traders, for traders. Buy and sell BTC, ETH, USDT, BNB futures, and index futures.

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14. Voyager

A crypto trading platform with a clean user interface

Best crypto exchanges and trading platforms - Voyager

Voyager is a secure app for trading cryptocurrency assets. It supports 80+ cryptocurrencies.

The Voyager app for iPhone supports Touch ID and Face ID authentication.

Besides offering low transaction fees, the exchange also offers interest rates on some coins.

For example, Shiba Inu and Dogecoin both offer a high rate of interest, something that other exchanges do not offer.  

Key Features

  • Trade cryptocurrencies with as little as $10
  • Get access to 80+ cryptocurrencies and stable coins
  • Zero fees on trades
  • Earn up to 9% APY
  • Trade crypto everywhere with the mobile app

Pros

  • IT has a clean user interface
  • Trade cryptos at no cost with 0% fees
  • Enjoy up to 9% APY
  • Trade with confidence with FDIC Insurance of up to $250,000

Cons

  • It doesn’t support coin-to-coin trades
  • Verifying your identity is stressful

Voyager Fees

Fees

0% (if Voyager helps you execute your order at the perfect time, it makes money)

FDIC Insured on USD

$250,000

Account Minimum

$10

Voyager
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15. Bittrex

A better cryptocurrency trading platform for Bitcoin and Ethereum

Best cryptocurrency exchanges - Bittrex

Bittrex is a trusted crypto exchange that makes it easier for registered users to trade Bitcoin and Ethereum in U.S. dollars.

offers more than 190 cryptocurrencies, allowing users to trade a wide range of digital assets. The platform has a clean user interface and supports hundreds of different trading pairs.  

Key Features

  • Zero fees for USD and ACH deposits
  • Buy and sell cryptocurrencies instantly
  • Invite your friends and earn cryptos
  • Bittrex Global mobile app lets you secure, trade, and track your crypto assets
  • Submit your token for listing

Pros

  • The verification process is smoother than Binance and Coinbase
  • Your crypto assets are safe. It uses 2-factor authentication (2FA)
  • You can withdraw up to 3,000/day
  • The fee structure is straightforward
  • It’s fully regulated in the U.S.

Cons

  • No margin trading
  • Liquidity is low with some coins

Bittrex Fees

Account Minimum

$3

Fees

0 – 0.35 for Maker/Taker fees

Bittrex
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16. Bitfinex

The best cryptocurrency market for trading digital assets

Best cryptocurrency trading platform - Bitfinex

Bitfinex offers next-level cryptocurrency security, exchange, and trading. It allows you to trade cryptocurrencies and tokens with Fiat.

The software offers a proprietary trading terminal with leverage of 1:10 and scalable orders.

If you’re new to trading, you can try out the exchange by signing up for a free demo account and using it to test your skills. You can also deposit and withdraw funds via bank cards.  

Key Features

  • Easily exchange Bitcoin, Ethereum, EOS, etc
  • Top-tier liquidity options
  • Algorithmic orders types for traders
  • Customizable interface to organize your trading workspace
  • Advanced security features for user funds and information

Pros

  • It’s easy to deposit and withdraw crypto funds through bank wire
  • Easily exchange 100+ cryptocurrency coins anywhere you are
  • Maximize your profit with 300+ trading pairs
  • A better crypto trading platform for professionals

Cons

  • It’s not a regulated crypto exchange
  • Debit/Credit card deposits not allowed

Bitfinex Fee Schedule Chart:

Crypto to Crypto

(e.g., BTC/ETH)

Crypto to Stablecoin

(e.g., BTC/USDt)

Crypto to FIAT

(e.g., BTC/USD)

Derivatives

(e.g., BTC-PERP)

0.100%

Maker fees

0.200%

Taker fees

0bps

Taker discount LEO holders

0.2000%

Net Taker Fees

0.100%

Maker fees

0.200%

Taker fees

0bps

Taker discount LEO holders

0.2000%

Net Taker Fees

0.100%

Maker fees

0.200%

Taker fees

0bps

Taker discount LEO holders

0.2000%

Net Taker Fees

0.0200%

Maker fees

0.0650%

Taker fees

0bps / 0bps

Maker / Taker discount LEO holders

0.0200% / 0.0650%

Net Maker / Taker Fees

Popular Crypto Exchange
Bitfinex
4.0
Free Signup

Bitfinex's mission is to give users the ultimate cryptocurrency trading experience. It aims to do this with state-of-the-art trading tools, innovative technology, and unparalleled levels of customer service.


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17. Bitpanda

The best all-in-one platform to invest in stocks, crypto, and metals

Best crypto exchanges - Bitpanda

Bitpanda is an all-in-one investing platform that makes it easy to invest in stocks, crypto assets, and metals. You can open a free account in minutes, and start investing with a minimum of €1.

You can also purchase cryptos using a credit card. Although not a popular option, a handful of high-quality exchanges support this payment method.

You can still only withdraw EUR2500 with your credit card, but the first transaction is capped at EUR2500.

Key Features

  • Invest in stocks, crypto, and metals
  • Bitpanda Crypto Index: catch the newest asset
  • Get a Savings Plan for Bitcoin
  • Swap: Instantly exchange digital assets
  • Pay or send money via Bigpanda Pay

Pros

  • Buy, trade, and exchange crypto assets
  • Supports 5 FIAT currencies (such as USD, GBP, AUD)
  • Flexible payments and withdrawal methods
  • Get Bitpanda cards accepted by online 1000s of merchants

Cons

  • No insurance security for your crypto funds
  • Crypto staking not allowed

Bitpanda Pro Fee structure:

Levels

Maker Fee

Taker Fee

Volume

Levels 1

0.1000%

0.1500%

≥ 0.0.0 BTC

Levels 2

0.1000%

0.1300%

≥ 100.0 BTC

Levels 3

0.900%

0.1300%

≥ 250.0 BTC

Levels 4

0.0750%

0.1000%

≥ 1000.0 BTC

Levels 5

0.0600%

0.0900%

≥ 5000.0 BTC

Bitpanda
4.0
Free Signup

Bitpanda crypto exchange enables the purchase of cryptocurrencies from both desktop and mobile, and its excellent security features and fast support make it perfect for beginner crypto traders.


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18. Bitstamp

The best crypto exchange platform with bank-grade security and insurance

Best crypto exchange platform - Bitstamp

Bitstamp is the most popular crypto exchange in Europe. Its popularity has increased rapidly in recent years, and it now boasts more than one million users.

The fees on Bitstamp are very reasonable, and it allows users to buy and sell cryptocurrencies with fiat currency.

The company doesn’t offer a native wallet, so users must use a web wallet to store their funds.  

Key Features

  • Highly encrypted personal data
  • Whitelisting and transaction confirmations
  • Intuitive crypto trading interface
  • Instant deposit options

Pros

  • It’s easy to use
  • A reliable 24/7 customer support
  • Stake your cryptos and earn interests
  • Your crypto assets are protected by bank-grade security and insurance

Cons

  • You can’t withdraw FIAT funds to eWallets
  • verification of account is hard

Bitstamp Fees

Here’s the basic fee structure of Bitstamp:

30-Day Volume (USD)

Fee

<10,000

0.50%

<20,000

0.25%

<100,000

0.24%

<400,000

0.22%

Note: You may see a 5% fee for any credit card or debit card purchases.

Long-Standing Crypto Exchange
Bitstamp
4.0
Free Signup

Bitstamp is one of the world's longest standing crypto exchange, starting in 2011. You can buy and sell leading cryptocurrencies such as Bitcoin, Ethereum, and more.


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19. Coinmama

The easiest platform to buy and sell cryptocurrency assets

Best cryptocurrency exchanges - Coinmama

Coinmama is a cryptocurrency exchange and trading platform with a great reputation.  

Coinmama supports a wide range of cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and XRP.

A major advantage of Coinmama is its regulatory status. It’s a registered member of the U.S. Department of Treasury and is a non-custodial brokerage. This means that your private keys are secure, and you retain control of them.

Key Features

  • Buy cryptos with debit/credit cards, Apple Pay, or Bank transfer
  • Instant coin delivery, no delays
  • Fast-track verification of accounts
  • High spending limits

Pros

  • Exchanging cryptocurrencies is quick and easy
  • A helpful support team
  • Zero fees for crypto deposits and withdrawals
  • It offers a range of payment methods

Cons

  • Higher fees compared to other crypto exchanges
  • No mobile app or crypto wallet

Coinmama Fees

Buy/Sell: Coinmama charges commission on top of the rate for both buy and sell transactions, depending on your loyalty level:

Loyalty Level

Commission

Curious

3.90%

Enthusiast

3.41%

Believer

2.93%

Coinmama
4.0
Free Signup

Coinmama is a marketplace for cryptocurrency owners who want to buy or sell coins but without the inherent risk of a P2P trade.


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20. EXMO

One of the cryptocurrency exchanges in Europe

Best cryptocurrency exchange - EXMO

EXMO is a Bitcoin trading and cryptocurrency exchange that aims to provide a safe and convenient platform to its users.

The platform offers various payment methods and multiple interface languages. Its features include IEO services, OTC trading, merchant services, and cashback.

This exchange allows you to invest in 180+ cryptocurrencies.  

Key Features

  • Full-featured interface for crypto trading
  • Buy and sell cryptos with ease
  • A large pool of 180+ currency pairs
  • A simple trading interface
  • Stay up to date with EXMO app

Pros

  • No withdrawal fees
  • Use leverage to multiple your profits
  • Save up to 100% on trading fees with Cashback

Cons

  • High deposit fees
  • Trading fees is high compared to other crypto exchanges

EXMO Fees and Chargebacks

Best crypto exchanges - EXMO fees
EXMO
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21. Bisq

The best peer-to-peer open-source Bitcoin exchange software

Best crypto exchanges and trading platforms - Bisq

Bisq is a decentralized Bitcoin exchange network and P2P software. This means that there are no central servers or central people running the exchange.

Instead, Bisq consists of a system of two-of-three multi-signature addresses, which are used for transferring funds and holding them.

Key Features

  • A free website builder
  • Signature templates to choose from
  • Branded content with GoDaddy Studio
  • Site security via an SSL certificate
  • Email and social media marketing

Pros

  • Start trading cryptos in minutes. No KYC required
  • Instant approval for withdrawals
  • It works on a P2P network
  • You can save 50% if you pay fees in Bitcoin or Bisq native coin (BSQ)

Cons

  • Trading fees are high compared to Crypto.com
  • The trading platform is too basic

Bisq fees

This table shows the trading fees per 1 BTC

FEES

BTC

BSQ

Maker

0.001

8.66

Taker

0.007

60.59

22. Robinhood

The best commission-free crypto trading platform for beginners

Best cryptocurrency exchanges - Robinhood

Robinhood is a popular cryptocurrency exchange app with zero commission. You can also invest in stocks with a minimum of $1.

With the Robinhood app, you can buy and sell Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies 24/7.

The new digital wallet from Robinhood is a game-changer.

The platform is already known for its ease of use, but now users will have the option of selling their crypto holdings instead of just purchasing them

Key Features

  • An intuitive investment app with a clean user interface
  • Invest in cryptocurrencies with ease
  • A 2-step verification process secures your funds
  • Manage your digital asset portfolio
  • Crime insurance against theft and security breaches

Pros

  • Robinhood app is easy to use
  • Get free stock when you sign up
  • Start investing in crypto with as little as $1
  • Easily invest and pay zero commissions
  • Trade digital assets in real time

Cons

  • Robinhood doesn’t allow you to send your Bitcoin to another cryptocurrency wallet
  • Most cryptocurrencies are not available

Robinhood fees

Buy Crypto

Sell Crypto

$0.00 fee

$0.00 fee

Start with $1

Withdraw directly to your bank account

Best Investment App With Zero Commissions
Robinhood
4.5
Free & Paid Plans

Robinhood is a commission-free investment app. It can be used to invest in stocks, bonds, mutual funds, and crypto.

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23. Interactive Brokers

A better crypto platform to trade crypto for less coin

Best crypto exchanges and trading platforms - Interactive Brokers

The Interactive Brokers crypto exchange is a new trading option.

The company has partnered with Paxos Trust Company to offer a crypto trading platform.

The cryptocurrency offering will allow investors to view their account balances through a single platform.

Key Features

  • Gain access to crypto markets through intuitive mobile and web platforms.
  • A secure crypto trade execution by Paxos Trust Company.
  • Trade stocks, bonds, funds, in one place.
  • Quick access to cryptocurrency futures
  • Low commissions – 0.12% to 0.18% of trade value.
  • No custody fees or markup fees

Pros

  • Trade more, pay less in commissions.
  • Enjoy a waiver on spreads and custody fees.
  • An easy-to-use IBKR’s platform futures & spot currencies.
  • An intuitive mobile platform to trade on the go.

Cons

  • Complex desktop trading platform
  • Customer support can be improved

Interactive Brokers IBKR Lite

FeesAccount Minimum

$0 Per Trade

$0

Popular Investment App
Interactive Brokers
4.5
Free Signup

Interactive Brokers offers an investment app that makes Investing easy and convenient. 

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What Are Crypto Exchanges and Trading Platforms?

A crypto exchange and trading platform is a marketplace where you can buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Litecoin, and more.

How Do Crypto Exchanges Work?

A crypto exchange works like a brokerage.

You can use ordinary FIAT currency such as USD, GBP, AUD, CAD to buy Bitcoin, Ethereum, or any other cryptocurrency. Most crypto exchange lets you trade one crypto for another.

Each transaction executed on a crypto exchange platform is facilitated through the Blockchain technology.

Best crypto exchanges - blockchain technology

You can also deposit money via bank transfer. A crypto trader will pay a currency conversion fee to be able to trade between cryptocurrencies.

The best crypto exchanges functions as an institutional bank that allows you to trade money from different countries.

Crypto Wallet vs Crypto Exchange

The main difference between a crypto wallet and a crypto exchange is that the exchange platform is used to trade one coin against another, while the crypto wallet is primarily useful for storing your digital assets securely.

This table shows the difference between Crypto Wallet vs Crypto Exchange:

Crypto Wallet

Crypto Exchange

Secure your cryptos (e.g., BTC, ETH)

Buy, Sell, and Stake Cryptos

Access tokens whenever you want

Easily convert FIAT currency (such as USD) into cryptocurrency (like BTC)

Store your cryptos for long-term

Send crypto to a wallet

Different Types Of Crypto Exchanges

What options do you have when it comes to buying, sell, and trading cryptocurrencies

Let’s go through each type of crypto exchange and how they work:

Centralized Exchanges (CEX)

A centralized exchange is a regulated marketplace. It’s governed by a specific company. It provides wallet services and facilitates the trading of cryptocurrencies.

These centralized exchanges must comply with strict government standards and regulations. They must also adhere to strict regulations, which top investors may not appreciate. 

See how it differs from a decentralized exchange:

Best cryptocurrency exchange - centralized vs decentralized exchange

The centralized exchanges have higher security measures and protect the user’s assets.

The centralized crypto exchanges provide an easy-to-use platform. They enable customers to purchase cryptocurrencies with fiat currency.  Examples are Binance, Crypto.com, Coinbase, Binance.US, Kraken, etc.

Decentralized Exchanges (DEX)

Decentralized exchanges allow you to trade tokens with other users, with no intermediary. An example is UniSwap.

A decentralized exchange operates on a network of nodes, which allows it to function at a low cost. This illustration explains it better:

Best cryptocurrency exchange - decentralized exchanges

This allows it to charge lower transaction fees than a centralized exchange.

Another major benefit of a decentralized exchange is that there are no central server.

Instead, the network is maintained by its users, meaning that there’s no risk of downtime. The network is more secure because no one is able to hack the network.

Hybrid Exchanges

A hybrid cryptocurrency exchange is a unique type of cryptocurrency exchange. According to Analytics Insights, it was created to solve the problems of CEX and DEX.

The name suggests that the platform combines the best features of decentralized and centralized exchanges.

A hybrid exchange provides users with access to their private keys, offers the security, privacy, and convenience of a centralized platform with the anonymity of a decentralized exchange.

Traders worldwide benefit from the ability to choose a hybrid exchange.

It offers the security and usability of a centralized platform, and the anonymity of a decentralized one.

The biggest advantage of a hybrid exchange is that users are in complete control of their funds. They can deposit their tokens directly into their wallets or use a robust smart contract to make deals.

How Crypto Exchange Fees Work

Some crypto exchanges have complex exchange fees that leave the user confused. What exactly are you charged for?

There are basically two main fees to pay attention to:

  • Exchange fees
  • Network fees

Exchange fees

These fees keep the crypto exchanges afloat. THat’s exactly how they make money to run the platform. There service fees covers:

  • Trading fees: We often refer to these as “maker/taker” fees. This trading fee shows whether a crypto order provides liquidity or not. This is also applicable when converting FIAT currencies.
  • Deposit fees: When a user deposits money via debit card, credit card, or PayPal instead of through a direct bank transfer, a percentage is deducted from the total deposits charged.
  • Withdrawal fees: When users withdraw FIAT currencies or a crypto asset, they’re charged a fee.  
  • Account fees: This can be charged monthly or quarterly.

Network Fees

These fees are paid to cryptocurrency miners, who handle the processing and security of crypto transactions on the blockchain.

A lot of centralized crypto exchanges like Binance incur this cost, instead of putting the burden on its users. If you’re using a decentralized exchange (DEX), you’ll have to pay network fees yourself.

What To Look For When Choosing The Best Cryptocurrency Exchange

Before you choose a particular cryptocurrency exchange, how can you be sure it’s legitimate and secure?

First, you have to be careful about the next ‘shiny’ crypto exchange out there. Look out for fake websites and unsecure mobile apps.

Become a copyeditor, check for misspellings in the domain, branding, or copy. Make sure there’s a small lock near the URL bar. This is an indication of a secure site.  

In general, investing in any cryptocurrency should be done with utmost care.

I always advice my friends and people in my audience to ONLY invest money they’re willing to lose. Keep your investments below 5% of your total investment portfolio.

Because cryptocurrencies are quite volatile. They can be influenced by economic changes, political issues, and you can’t accurately predict its future. .

How to Open a Cryptocurrency Exchange Account Today

The process of opening an account with a cryptocurrency exchange is mostly straightforward.

Although some will require new users to go through an extensive “Know Your Client” (KYC) process to comply with government regulations and prevent fraud.

Other crypto exchanges will let this verification slide — so that you can start buying and selling cryptos — until you’re ready to withdraw your funds.

Be ready to supply these information when opening a cryptocurrency exchange account:

  • Your full name and date of birth
  • Your phone number and email address
  • Your physical address
  • Your Social Security number (for US-exclusive crypto exchanges)
  • A government-issued ID (e.g., passport, driver’s license) and a clear and non-reflective picture of you holding it.

After the sign up process, you’ll get an email or SMS that your account has been successfully verified.

Next, you’ll be required to add a payment method to deposit funds so that you can buy and sell cryptocurrencies.

Best Crypto Exchanges and Trading Platforms – FAQs

Here are some frequently asked questions about the best cryptocurrency exchanges and trading platforms.

A crypto exchange is a platform where you can sign up for free to buy, sell, and invest in cryptocurrencies like Bitcoin and Ethereum.

Binance is the best crypto exchange in 2022.

There are about 380 cryptocurrency exchanges globally

Binance.US has the lowest fees. Its maker/taker fees starts at 0.01%

Coinbase Pro is the most secure crypto exchange in 2022

Binance is the biggest crypto exchanges, with $11.5 billion in market cap

Coinbase and Kraken are the best crypto exchanges for beginners

Binance and Coinbase are the best and safest crypto exchanges

Staking is the process of putting your crypto to work so that you can earn rewards on it.

P2P trading is the process of buying and selling crypto assets directly with users of a crypto exchange without an intermediary.

You can trade these coins: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Dogecoin (DOGE), Binance Coin (BNB), and more.

Cold storage is the safe way to hold cryptocurrency tokens offline. The goal is to prevent hackers from gaining access to investors’ holdings via hacking.

The best crypto exchanges for day trading are eToro, Binance, and Libertex.

The best US crypto exchanges are Binance.US, BlockFi, Crypto.com, Robinhood, and Coinbase.

Binance, Gemini, Crypto.com, Coinbase, and KuCoin are the best crypto exchanges for altcoins

Binance.com and Binance.US have the lowest fees in the crypto exchange space

Binance.US, Coinbase, Crypto.com, Robinhood, and BlockFi are the best crypto exchanges for US citizens/residents.

KuCoin, Bisq, and LocalCryptos let you sign up and buy cryptocurrency assets without undergoing a rigorous KYC verification

Binance, Coinbase, Binance.US, Crypto.com, and BlockFi are the best crypto exchanges and wallets

Best Crypto Exchanges – Summary

Did you benefit from going through this ultimate comparison review of the best crypto exchanges and trading platforms?

Cryptocurrency has changed how we exchange money and invest in today’s world.

So it’s important to choose the right cryptocurrency exchange with lower fees and easy to use features.

Here are my final crypto exchange recommendations:

  • Binance – The best overall crypto exchange (as well as low fees).
  • Crypto.com The best crypto platform for buying/selling crypto at true cost.
  • Coinbase – The best cryptocurrency exchange for beginners.
  • Binance.US – The best crypto exchange platform for US citizens.

Now I’d like to hear from you:

What cryptocurrency exchange and trading platform will you use?

Or maybe I missed out on a great crypto exchange platform you’re already using in this guide?

Either way, let me know by leaving quick comment below right now.

Further reading on navidm.com: To dive deeper into the world of cryptocurrency, you can check out my in-depth guides to the best crypto lending platforms, the best crypto interest accounts, best crypto portfolio trackers as well as the best crypto tax software.

If you are interested in NFTs, be sure to check out my complete guides to the best NFT marketplaces and best NFT wallets.

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