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With the cryptocurrency market being as thriving as never before, more and more people are looking for the best possible ways of how to keep up with the market trends “on the go”. Hence, today, we’ll be checking out the top 6 best crypto apps, and why you should consider using them!

Namely, the 6 apps that we’ll be talking about are going to be crypto exchange applications. If you saw our article on the best cryptocurrency exchanges, most of these names are likely to be familiar to you! Being the “best exchange” doesn’t necessarily mean having the best app, though - that’s why the lists might differ.

Finally, once we get the best mobile crypto exchange apps out of the way, I’ll also tell you about a few other useful applications that you could use to explore the crypto world. The exchange apps that we’ll be talking about are:

Best Crypto App: The Importance of Being Able to Access Your Assets “On the Go”

Before we go ahead and jump into the list of the best crypto apps out there, let us first discuss the importance of finding such apps, and utilizing them to their full extent, especially nowadays.

So - it’s probably no secret to you that, with time, the whole entire world is slowly turning towards a more mobile-oriented usage of the internet. No matter what it is that you need to do - trade cryptocurrencies or read the news -, chances are that you’re going to do it on your phone, more often than on your computer.

Phones are easily-accessible, you can scroll and switch between tabs much faster, and they allow you to do whatever it is that you need to do on the go. This final point is probably the most important one, as far as the best cryptocurrency exchange apps are concerned.

Best crypto app: the Coinbase exchange app.

You see, if you’ve spent some time in the crypto world, I probably don’t need to tell you just how unpredictable it can be. Price swings of 20-30% are very common, and don’t even make traders bat an eye. Naturally, as you can probably imagine, these swings don’t take up long periods of time, either - they tend to happen over days, if not hours!

If you’re a long-term crypto hodler, then this might not be an issue for you. However, if you’re an active trader, it certainly will - you can probably see where I’m going with this, right?

In short, if you want to keep up with the market, and be able to react to the aforementioned price swings accordingly, you’re are surely going to want to utilize the services of the best crypto apps out there.

No matter if you’re in a meeting, on a plane, out for a walk, or even taking a bath - if you use one of the best mobile cryptocurrency exchange apps, you can be sure that, whenever something happens on the market, you won’t need to put yourself in a situation where you’d need access to your PC or laptop - a mobile device will do just fine.

On top of the speed parameter, there is also the aspect of convenience, too.

Best crypto app: world's most powerful app.

You see, finding and using the best app to buy cryptocurrency is simply super-convenient. All of your actions can be done in a matter of a few clicks - no matter if you want to buy, sell, trade, or do anything else. Since every minute is crucial when trading cryptos, this is a very welcome aspect.

So, in short, it’s safe to say that, when it comes to this year and beyond, crypto apps should be on your radar. With that out of the way, however, let’s not waste any time and move on to the actual top 6 of the best crypto apps on the current market.

1. Binance - A Huge Selection of Crypto Trading Pairs

Ranks #1 out of 6 Crypto Exchanges

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Binance is, undeniably, one of the biggest names in the crypto trading world. No matter if you’re looking for the best mobile crypto exchange app or the best cryptocurrency exchange platform, in general - Binance is bound to pop up in every single list that you glance at.

So, what makes the crypto exchange - and the app behind it - so attractive?

Well, as far as the exchange itself is concerned, Binance has made a name for itself by providing its user with the ability to purchase and trade (exchange) a huge variety of different crypto coins, via multiple different crypto trading pairs. The number of trading pairs that this platform offers is truly unparalleled.

When it comes to the actual app, you don’t lose any of those options - you will be able to trade and exchange any and all cryptos that Binance has to offer on mobile, free of worry.

Best crypto app: Binance.

That said, the app itself is designed in accordance with Binance’s point of view on its traders. You see, Binance is known in the industry for not exactly being the simplest platform to use - it comes with a lot of different features and widgets, and sometimes even appears to assume that you’re an expert trader.

While the application offers a bit of a simplified version of the exchange, you can still expect a wide range of features, especially when it comes to the actual trading process itself.

So - if you want top-tier functionality, advanced features, and uncontested reliability, Binance is the way to go! If you’re interested, you’ll find the platform here.

Visit Binance
...or read our Binance review

2. Kraken - A Fun-to-Use User Interface

Ranks #2 out of 6 Crypto Exchanges

Verified Staff Pick

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Rating
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Kraken is a name that tends to commonly pop up on the cryptocurrency circles and top-exchange lists around the world. If you’ve even bought or traded any cryptos, you’ve probably heard about this particular platform, too.

So, what makes Kraken special?

Well, for starters, anyone who’s looking for the best crypto app of the year will be happy to learn that Kraken’s crypto trading application is among the simplest-to-use. The platform is streamlined in a fashion that would suit complete newcomers to the industry - there is no confusing jargon or export-oriented features in plain sight.

However, don’t misunderstand - there are many expert traders who prefer Kraken, and use it daily for all of their trading and exchanging needs. You can still use all of the main, core features that you’d need - they’re just not on the literal front page of the app, so as to not scare newcomers away.

Best crypto app: Kraken.

Kraken is also known for its top-of-the-line security features, too. The exchange is often referenced when talking about the safest and most reliable cryptocurrency trading platforms on the market. While this does not directly relate to the app functionality of the platform, security is surely one of the core features that you should be looking for in the best cryptocurrency exchange app.

And security is what Kraken has got - no problem.

If you’re interested in trying Kraken out, make sure to check out their website, and download the latest version of their app for either the Android or iOS operating systems.

Visit Kraken
...or read our Kraken review

3. Coinbase - A Well-Rounded Crypto Exchange App

Ranks #3 out of 6 Crypto Exchanges

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Ah, Coinbase - one of the all-time leaders in the crypto trading space! No matter if you’ve just joined the crypto community this week, or are a devoted crypto enthusiast since 2017 and beyond - there’s a pretty good chance that Coinbase was the first exchange platform that you’ve heard about.

What makes Coinbase so great, you may ask? Well, a few different things.

In regards to the best crypto apps on the market, Coinbase is going to offer its users some top-tier usability features. It’s a super-simple-to-use application, with all of the essential features and tools displayed and ready to be used with just a click of a button.

Another amazing thing about Coinbase is that it allows you to purchase cryptocurrencies with fiat money. Fiat deposits (whether it be EUR, USD, or else) are very quick and simple to make, and once they fall through, you can use that money to buy any crypto coin that is available on the platform.

Best crypto app: Coinbase.

It is worth mentioning, however, that the Coinbase app - same as the desktop version of the brokerage - doesn’t really support all that many coins. People looking to buy Bitcoin or Ethereum on the best crypto apps aren’t going to be disappointed, but if you’re in the market for some of the more-niche coins, you might be out of luck.

However, that’s really the only bigger qualm that people have with Coinbase. As far as the best cryptocurrency apps go, the brokerage is truly top-tier - great usability, smooth user interface, very simple to use & beginner-friendly. An awesome pick, no matter who you are!

If Coinbase sounds like your type of a best crypto app option, do check the platform out here - you’ll be able to download the app without any issues, both on the iOS and the Android systems.

Visit Coinbase
...or read our Coinbase review

Compare Crypto Exchanges Side by Side With Others

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Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

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4. Cex.io - Extremely Simple App Design

Ranks #4 out of 6 Crypto Exchanges

What do crypto industry newcomers look for in the best app to buy cryptocurrency?

Amazing fees? Ya, sure, that’s one thing. Crypto trading pair variety? Yup, definitely.

However, probably the most-common deciding factor for whether or not you’re going to use one particular application over another is simplicity.

Simplicity is very important, no matter if you’re a beginner trader, or a cryptocurrency expert. A simple-to-use app will allow you to perform trades quickly and effectively, which might sometimes be the very margin that will determine whether you make a profit, or lose out on a great opportunity.

Well, let me tell ‘ya - if simplicity is what you want, then Cex.io has got you covered, big time.

As far as the best crypto apps go, Cex.io offers its users a super-straightforward app layout, with clear and self-evident features that you can explore. On the home screen, you will always have a four-button layout that allows you to buy a set amount of crypto of your choice instantly.

Best crypto app: Cex.io

Following that, the exchange window is super-clean, simplistic, and clear. While your wallet section of the app might be the opposite of that (it displays balances of assets that you don’t even own, which can make your screen pretty cluttery), it’s still quite manageable.

With Cex.io being extremely simple to use, however, there is actually a separate, dedicated tab that’s designed strictly with professional traders in mind. This means that, if you’re a crypto trading pro, you won’t miss out on any of the more-advanced and important features whilst using Cex.io. Definitely a sign of one of the best crypto apps out there!

If you’re interested in trying Cex.io out, you can visit the site here, and download the app on all of the major mobile operating systems.

Visit CEX
...or read our CEX review

5. eToro - A Huge Range of Different Features

Ranks #5 out of 6 Crypto Exchanges

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657 People Used
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Rating
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No matter if you’ve been looking for the best crypto app on the market, or have been researching cooking recipes, you are bound to have heard of eToro. The company utilizes a relentless ad campaign on all of the social media channels imaginable. However, it does seem to work - its user base is steadily increasing by the day!

That being said, though, the aforementioned marketing campaigns aren’t just based on empty promises and smoke & mirrors. eToro does bring a lot to the crypto trading table.

The most notable aspect of the eToro version of the best cryptocurrency exchange app is the fact that the brand offers its users a decent list of some unique features and benefits for using the platform. You’ll find features such as trade copying and specific trader following to be some of the more-popular ones, but the list is much longer than that.

Best crypto app: eToro.

Furthermore, if you’re looking for the best cryptocurrency app simply in order to find a place to share information and your knowledge about the market, eToro has an option that allows you to do just that, too. Frankly, you can chat with other users, share and receive investment and trading advice, and simply share your passion for crypto, in general!

Interested? Make sure to check eToro out here, and start trading crypto today!

Visit eToro
...or read our eToro review

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Bittrex - Simple, Secure, and Offers Multiple Trading Pairs

Ranks #6 out of 6 Crypto Exchanges

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Bittrex isn’t a very popular crypto exchange, and that’s a huge shame! While this cryptocurrency trading platform tends to get overshadowed by exchanges such as Coinbase and Binance, Bittrex truly does have a lot to bring to the table.

The platform is very secure and reliable - it keeps most of its users’ cryptos in cold storage devices, and has a pretty clean track record as far as any potential hacks and break-ins are concerned.

On top of that, Bittrex surely does have one of the best crypto apps on the market. The application is amazingly simple to use, and processes such as funding your account with fiat money take mere minutes to complete, start to finish.

Best crypto app: Bittrex.

Deposits and withdrawals are also very simple if done through the app - a lot simpler than if you were to perform them via the desktop version of the exchange, mind you! On top of all of that, Bittrex also offers its users competitive fees, and a variety of different stocks to invest in, too.

If you’re interested in what Bittrex has to offer, make sure to check the exchange out!

Visit Bittrex
...or read our Bittrex review

How to Choose the Best Crypto App for Yourself?

So, then - those are the top 6 crypto apps that you could utilize in your daily life, for all of your cryptocurrency trading and exchanging needs. Now, before we move on to some honorable picks and alternative application mentions, let’s quickly discuss one more topic that seems to come up rather frequently whenever discussing top-tier exchange apps.

How should you go about picking the best app to buy cryptocurrency on?

Good question. The answer isn’t at all that difficult, either.

You can probably imagine that most people who are looking for the best crypto app are going to have different wants and needs. For example, some individuals might be looking for a mobile app that would complement their primarily-desktop trading experience, while others could be mobile-based traders, altogether.

Furthermore, your preferences are also probably going to be highly-reliable on your geographical location, employment status, attitude towards crypto trading, in general, and so on. The only things that can be seen as truly universal are security and simplicity - it’s hard to imagine someone complaining about how secure an exchange is.

With all of that in mind, and the list of the best mobile crypto exchange apps in front of you, you should now take the time and ponder on the best plan of action for yourself. Consider all of the pros and cons of each of the aforementioned apps, write everything down, and - most importantly - take your time!

Always remember that if the best crypto app of your choice has KYC verification requirements (which most of them do), you’re going to have to submit your ID and even residence-approving documents. You wouldn’t want to do this with any random platform - don’t rush your decision!

With that being said, it’s worth acknowledging that all of the crypto exchanges mentioned in this article can be considered to have their versions of the best cryptocurrency app - they all come with their designated pros and features, and each have their own unique benefits, too. Any one of them should be a great pick!

Additional Cryptocurrency Apps to Keep in Mind

Now that we’ve discovered, debated, presented, and analyzed all of the best mobile crypto exchange apps, let’s finish this list off with a few honorable picks.

The apps mentioned below aren’t really directly related to cryptocurrency trading (in the sense that their primary purpose isn’t to supply or purchase cryptos), but are still a must for anyone who’s adamant about their crypto endeavors, and want to take crypto investing seriously.

1. Ledger Live - An Amazing Tool to Track Your Crypto Assets

Ledger Live is the software / app that comes with your Ledger Nano X device. It is available in a couple of different formats, which naturally include the iOS / Android versions of the program, too.

So, what’s so special about Ledger Live?

Well, the app lets you track your cryptocurrency assets that you keep in your Ledger hardware wallet with complete ease. All of the Ledger Live supported assets that are located in the wallet itself can be managed on the app - you can check your balances, sell buy, and trade cryptos, all with a few clicks of a button.

Best crypto app: Ledger Live.

Probably one of the most noticeable features of the app is that it’s extremely simple and pleasing to use. The interface loadout is quite self-explanatory, and you’ll have no issues finding everything from your individual balances, all the way to the advanced settings tab.

If you want one of the best crypto portfolio tracking apps on the market, be sure to check Ledger out. The company is known for producing and selling some of the absolute best hardware cryptocurrency wallets on the entire market - definitely worth considering!

2. The Trust Wallet - One of the Better Hot Wallets

Now, let’s just get something clear, straight from the get-go - if you’re interested in the most secure and reliable cryptocurrency wallets on the market, you should point your eyes towards hardware ones. The so-called “cold storage” devices are going to be your best bet when it comes to keeping your assets safe.

As mentioned a couple of times in this best crypto app list already, as far as hardware wallets are concerned, your best bet will be the Ledger Nano X.

That being the case, though, if you’d like the next best thing, you’d probably opt-in for a “hot wallet” - one that can be found in either software form, or online. In this article, I’d like to tell you about the Trust Wallet.

The Trust wallet is a Binance product - yes, the same Binance that you saw in the list earlier. While the company is primarily an exchange, it does also have a dedicated wallet product, too.

So, then - what’s so special about the Trust wallet?

Best crypto app: the Trust wallet.

Well, for starters, as the name likely implies, it’s going to be one of the best crypto apps when it comes to keeping your cryptos safe. The wallet offers trustworthy security measures, and should keep your crypto coins safe and sound.

On top of that, you will also be able to trade and exchange cryptos directly from the wallet. That’s super-conveniant, especially given that the app will be installed on your mobile device, and accessible at any given point in time.

So, in short, if you’d like a reliable and portable crypto wallet that would let you trade cryptos in a matter of minutes, the Trust wallet might be the right choice for you. However, best crypto apps aside, you will still be better off with a hardware storage device, in the long run.

… and Many, Many More

While I admit that the heading might be a bit obscure, the point still stands strong - there are many, many different crypto apps out there that you could find, check out, and decide on whether or not they are worth using.

Most of these apps are probably going to be cryptocurrency wallets. As mentioned earlier on in this list of the best crypto apps, if you want to remain completely calm about the condition of your crypto assets, your best bet is going to be purchasing a hardware cryptocurrency wallet

That said, there are many awesome wallets out there, still. Whether it be some of the more-general apps such as Jaxx, or even crypto-specific mobile browser extensions such as Yoroi, all you need to do is understand what it is that you want, and try it out!

Best crypto app: Jaxx Liberty.

Other apps might include general crypto news oriented-ones, market analysis tools, coin information, and in-depth analysis projects, and so on. Yet again - in order to find the best crypto app in this category, you should first take the time to figure out what tools do you need in order to help you trade and exchange successfully, and then try some of them out, see what fits you best.

My only word of advice is simple - if you’re testing out crypto apps, always be very careful with the information that you provide them with. Never share your personal identification with some shady apps, and NEVER, EVER share your wallet private key!

Conclusions

Now then, we’ve reached the end of our list of the best crypto apps. In it, we’ve discussed the 6 best cryptocurrency exchange apps, and mentioned some additional applications that you could utilize in order to help you trade successfully!

Exchange app-wise, you can be sure that all of the apps mentioned in the list above are going to be top-tier, in regards to their levels of security, technical advances, usability, and other, more-general features. No matter which one it is that you pick, you can expect the same, general level of quality with either one of them.

A good starting point would be to check out Coinbase or Binance - the apps offered by these exchanges are known to be among the most-liked among crypto enthusiasts. However, if you find that none of the two exchange apps mentioned above fit your wants and needs, there’s a whole entire list to explore, still!

Finally, do also take the time to research some other helpful apps for all of your crypto needs. Whether it be the best crypto app that would ping you when BTC hits a certain price, or an altcoin market analyzer that shows the most potential altcoins of the year, everyone and anyone should be able to find something that they’ll definitely be able to use!

Don’t forget to check out the Ledger Nano X, too - it isn’t a coincidence that one of the best cryptocurrency wallets on the market has an amazing app to track all of your assets with, too!

Well, that’s all for today! Thanks for reading our list of the best cryptocurrency apps, and I hope that it will help you make the right choice. Until next time, and happy trading!


Other Crypto Exchanges In This Category

Here are other crypto exchange related to the category but not as favoured by BitDegree.org Crypto Exchanges readers yet. In my personal opinion, today there are much more optimal crypto exchange in the list with the higher rating that I'd recommend for the same price range or less.

Gemini - A Very Secure Crypto Exchange Platform

Admittedly, Gemini might not be as well-known as some other names that you’ll see on this list of the best crypto apps out there. However, that doesn’t really change the fact that the platform has both an amazing app, and also some of the best crypto security features on the market.

Let’s tackle the app part first, shall we?

Upon registering on the platform and checking out the Gemini app for the first time, you might immediately think of another popular online exchange / general finance platform - Revolut. That’s simply because Gemini seems to employ a similar type of UI on their app as does Revolut.

This, in turn, also achieves a very similar result - the app is extremely fun and intuitive to use.

If you’re on the lookout for the best cryptocurrency exchange app, surely, there are going to be many factors to consider. However, the fact that Gemini offers amazing simplicity and straightforwardness right from the get-go is awesome!

Best crypto app: Gemini.

When it comes to the actual exchange, one thing’s for certain - it’s probably one of the safest crypto trading platforms on the market. For starters, all of the US investor funds are kept insured - if something was to happen to the platform (i.e. a security breach), you could feel relatively safe about your crypto assets!

On top of that, there’s an extensive KYC process involved in registering on Gemini, and most of the user funds are kept in cold storage devices. While cold storage is amazing, admittedly, not everyone is going to be super-excited about the extensive KYC part.

All of that aside, if you do find that Gemini has piqued your interest, make sure to check the platform out for yourself!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

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Recent Best Crypto App User Reviews

5.0/5.0 - Binance User
2023-05-29

Huge platform

Binance has hundreds of cryptos to choose from, that sealed the deal for me. All in one place, just have to put in the effort to resaerch before investing.

Evaluation
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Ease of Use
Experience
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5.0/5.0 - eToro User
2023-05-28

Personal recommendation

For beginners on the platform i recommend using the social trading feature. It worked effectively for me in the beginning, while i was still figuring out how to trade ''properly" :D as always with recommendations - trust your judgement first!

Evaluation
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4.8/5.0 - Bittrex User
2023-05-25

Honest review

I like the writing style in this Bittrex review, not trying to suggar coat anything. The platform is great, especially of beginners, but it's not flawless. I've missed this type of honesty on other reviews.

Evaluation
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Ease of Use
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4.8/5.0 - Kraken User
2023-05-24

first exchange

It took me more time than i expected to figure out how to use the exchange. Totally get why not many beginners go for Kraken as their first exchange. Aside from that, have no other issues.

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5.0/5.0 - Bittrex User
2023-05-24

Casual Trading

Great side husstle. My wife didn't 'believe' in crypto at first, but i showed my Bittrex balance and manged to change her mind. Now I got the approval I needed to trade more:D

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4.8/5.0 - Coinbase User
2023-05-23

expensive transfers

I enjoy the covenience of having a built in crypto wallet. However, the transaction base fee is on the more expensive side. I usually opt to make a bank trasfer if i'm in a rush.

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5.0/5.0 - Binance User
2023-05-21

GREAT platform

LOVE this exchange platform!!!

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5.0/5.0 - eToro User
2023-05-19

Long time user

Have been using etoro basically since the beginning. My crypto knowledge and expertise grew with the platform, now they are one of the best exchanges and have an ever growing list of cryptos to trade. Keep up the good work!

Evaluation
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5.0/5.0 - Coinbase User
2023-05-18

Senior user

Very glad I chose this platform from the get go, the recommendations and positive feedback enticed me. All of it still holds up after years of trading, I only have hard time catching up to all the new updates and improvements, so reading acticles like this binance review makes the process easier. Overall though, the basic funtions and options are often more than enough for majority of users.

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5.0/5.0 - eToro User
2023-05-17

so many crypto sto choose from

even though i am in no rush to trade all cryptos at once, i do enjoy the longer list of cryptos to choose from

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5.0/5.0 - Binance User
2023-05-14

gained knowledge

turns out i didnt know what half of the intriquet things on the platform do:)) thanks for the detailed guide i didnt know i needed until now! hope my trading game will improve with this new knowledge

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5.0/5.0 - Kraken User
2023-05-13

Decent amount of cryptos

Well, the number of cryptocurrencies is reasonable, I don't think the higher the number, the better the exchange... I personally choose few cryptos at a time to focus on trading.

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5.0/5.0 - CEX User
2023-05-12

margins

not many exchanges allow margin trading, that was the main selling point for me

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5.0/5.0 - Coinbase User
2023-05-12

what about some customization?

The platform is very functional and all but I wish customization was available. Personalising design or colour themes and feature placements would be a great option!

Evaluation
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4.4/5.0 - eToro User
2023-05-08

Functional wallet

I have used the etoro wallet for quite some time and it is actually very functional, but my general security concers had me transfer all my funds to an external wallet - just for the peace of mind!

Evaluation
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Experience
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Safety
4.8/5.0 - CEX User
2023-05-08

APP

I prefer the web exchange over the app. Need time to analyse the charts and compare, while the mobile app can be a great alternative for short period of time it can only a fraction of information at a time. I know some people trade solely on the app, but I think it's not for me.

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4.8/5.0 - Coinbase User
2023-05-07

Sharing info on the platform

Coinbase security have never disappointed me, but knowing that my account is not anonymous and my wallet can be frozen keeps me on my toes... :|

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5.0/5.0 - Bittrex User
2023-05-05

Pleasure to use

It's so intuitive and easy to us. Really like the design, very clean!

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5.0/5.0 - Bittrex User
2023-05-05

Legit

Bittrex was my entry-way into crypto exchange.

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4.8/5.0 - CEX User
2023-05-04

varying fees

for small sum trading CEX is one of the best in terms of low fees! but I often trade in high quantities and larger than average sums, so the fees add up and I end up paying a fortune...

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FAQ

What is the best crypto app?

While there are many amazing cryptocurrency-related apps on the market, the best crypto apps are going to be those that allow you to trade cryptos "on the go". In other words, you should look at crypto exchanges that have app versions for you to utilize! On top of that, though, you can also check out some alternative applications - ones that would help you with all of your crypto wants and needs, and not just trading!

Are crypto apps better than desktop software and web-based services?

Not necessarily - it's all pretty individual-dependent! It's a no-brainer that the best crypto apps are going to make your life much easier. That said, it doesn't have to be a competition - you can surely utilize both desktop and app versions of your favorite crypto services! It's all about convenience!

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange. It’s all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.