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If you’re looking for the best crypto exchange, you might have noticed that, online, there are multiple different options available for you to pick from. Coinbase, Binance, Kraken, BittrexIt can get pretty overwhelming, quite fast!

In a situation like this, all you need is an objective, to-the-point review of the top 10 crypto exchanges (or, in this case - top 8). Well, I’m happy to provide you with one!

Admittedly, though, it’s not really worth talking about the exchanges if you don’t really know the evaluation criteria first, right? In order to ensure that we’re both on the same page here, I’ll give you a quick rundown of the most important aspects of how the best place to buy cryptocurrency should look like, first.

The crypto exchange platforms that we’ll be discussing are:

Best Crypto Exchange: The Evaluation Criteria

As noted in the introductory part of the article, in order to talk about the best crypto exchanges, it’s crucial to first understand the actual criteria by which these exchanges are sorted.

In other words, before you go and register to some sort of a crypto exchange platform, you should probably know a bit more about its security measures, prior security breach history (if there is any), fees and pricing, coin variety, and so on.

Those are actually some of the most important aspects to look at when picking the best cryptocurrency exchange, too. Security is a no-brainer - if the exchange doesn’t have some fundamental security measures, it isn’t even worth looking into.

Some exchanges offer even more than the basic security features, though - an example of this would be 2FA (two-factor authentication), or creation of custom PIN codes.

Best crypto exchange: crypto coins scattered on a graph.

Naturally, you’ll want the best crypto exchange to be easy to use. Meaning, fast registration and verification processes are much appreciated, but the main emphasis still lies in the UI - user interface. Processes like trading, exchanging and buying crypto coins should fool-proof and very easy to accomplish. Wallet access and security settings are also important!

Naturally, no matter if you’re looking for the top 10 crypto exchanges or the top 3 ones, you’ll always want the best option to have multiple coin support. If the exchange supports only 2 or 3 coins, it’s not really going to be worth registering on, at least in most cases.

So, with all of that out of the way, let us move on to the list of the best crypto exchanges of the year!

1. Coinbase - A Crypto Exchange Leader

Ranks #1 out of 8 Crypto Exchanges

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If you’ve ever searched for the best crypto exchanges, without a single doubt, Coinbase must have popped up on your radar rather frequently.

This isn’t without a solid reason, either - Coinbase is often viewed as the best place to buy cryptocurrency, no matter what that currency is. Well, OK, perhaps it does matter - but we’ll get to that in a minute.

So, then, what makes Coinbase so special? Well, it ticks almost all of the essential parts of a great crypto exchange.

Coinbase is very simple and straightforward to use. The signup and registration process is quick, and while you have to verify your identity, this doesn’t take long at all, either. The exchange keeps things very simple and, more importantly, minimal - it won’t overcrowd you with a variety of different interface screens and features.

Another thing that makes Coinbase one of the top crypto exchanges is the fact that the platform’s very secure. While there have been multiple different attempts to breach the exchange’s security, Coinbase is yet to suffer a huge hack (think Mt. Gox levels of “huge”).

Now, the one qualm that many users have with the platform is that it does lack some cryptocurrencies. Meaning, you can only purchase specific cryptos from the site, while others are going to be unavailable, even though they are listed.

And we’re not just talking about some unknown, niche cryptos that are unavailable here, either! Examples would include Monero, Tether and Tron - these are some of the better-known names in the industry!

Now, admittedly, fee-wise, Coinbase also isn’t the best crypto exchange out there. The fees on the platform are going to range from 1,49% up to 3,99%, depending on your country of residence, amount of money being traded, and so on. These are some high numbers! That said, Coinbase does guarantee optimal security, and is very trusted among the community.

Visit Coinbase
...or read our Coinbase review

2. Binance - Super-Low Fees

Ranks #2 out of 8 Crypto Exchanges

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Binance is a very familiar name for anyone who’s ever done any crypto trades, or was looking for the best crypto exchange. It’s one of the dominating exchanges in the industry, and there are a couple of good reasons for why that’s the case.

For starters, Binance has some pretty high trading volumes. If you’re a complete beginner when it comes to crypto trading (or simply trading, in general), you might not be aware of just how significant this point actually is!

You see, if an exchange has some high trading volumes, this means that people actually do trust the platform, and there are a lot of cryptos that run through it on a constant basis.

Even more than that, though, it means that there are always going to be competitive prices available for you to analyze and perhaps even utilize, if you're quick enough.

You see, if you were to look for some top 10 crypto exchanges (or any number of top exchanges, for that matter), and pick one that has non-existent trading volumes, you’d have a pretty hard time selling or buying crypto coins there, at some good prices.

Binance is also great because it utilizes 2FA - two-factor authentication. This means that the exchange truly does take the question of security seriously (even though it did have some issues with its security side of things, some time back).

Finally, the thing that makes Binance one of the best crypto exchanges out there are the fees that it enforces. You’ll pay up to 0,1% in fees, no matter what sort of, or how much crypto it is that you’re trading. That’s amazing!

Visit Binance
...or read our Binance review

3. Gemini - A Reliable, High-End Crypto Exchange

Ranks #3 out of 8 Crypto Exchanges

Gemini is a US-based cryptocurrency exchange. Naturally, it's a very popular platform to use in the country, granted that it's available in all of the different states, with no exceptions.

Not all exchanges can claim that - good start!

To add to that, Gemini is a fully KYC-compliant platform. While this might not be the best news for anyone who's looking for decentralized exchanges, however, it makes the exchange compliant with all of the relevent laws, and much safer to use than the aforementioned options.

A unique feature of Gemini is that it offers users the chance to insure their assets. Specifically, Gemini insures the digital assets held in their hot wallets. This should provide all customers with some peace of mind, and add an extra leyer of reliability - definitely an amazing feature for one of the best cryptocurrency exchanges on the market!

Hot wallets aside, Gemini does also use cold storage devices to secure their user assets, too. This is undoubtedly one of the strongest security measures that an exchange can take! Gemini's security features are top-tier, in general, and to date, the exchange has never been hacked, or had its security breached.

Visit Gemini
...or read our Gemini review

Compare Crypto Exchanges Side by Side With Others

Did you know?

Compare Crypto Exchanges Side by Side With Others

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

Yes! Show me the Comparison Chart

4. Kraken - Over 150 Cryptocurrencies Available

Ranks #4 out of 8 Crypto Exchanges

Looking for the best crypto exchange, or simply the best place to buy cryptocurrency, sooner or later, you’re going to come across Kraken.

Admittedly, this might be one of the better options as far as the “best” part is concerned.

What makes Kraken so special? Well, for starters, the exchange in question offers users more than 150 different cryptocurrencies to pick from, in regards to trading, buying and selling. While this is far from the 5000+ different crypto assets that exist today, let’s face it - most people are going to be interested in 3-7 cryptocurrencies, tops.

With a selection of over 150 crypto coins and tokens, Kraken does truly offer a good variety of choices! To add to that, you can purchase cryptos with fiat currencies on the exchange itself - this makes things significantly easier!

Kraken does also have a great mobile app that’s both intuitive and simple to use, and users point out that, as far as the top crypto exchanges are concerned, this particular one can surely boast about its customer support.

Fee-wise, Kraken takes anywhere from 0% up to 0,26% from your transaction. Truly some of the better numbers, at least when it comes to crypto exchange fees!

Visit Kraken
...or read our Kraken review

5. Coinmama - Friendly Customer Support, but High Fees

Ranks #5 out of 8 Crypto Exchanges

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Coinmama is one of the names that do tend to pop up rather often whenever you’re searching for the best crypto exchange. While the exchange in question appears to be well-rounded, in general, there are a couple of things that stand out pretty fast.

Coinmama reportedly has some of the best customer support on the market. That’s both rare, and also much appreciated! Users of the platform report that the customer support is very friendly, yet still rather professional - you’ll get all of your questions answered, no problem!

The exchange is also user-friendly - the features are all straightforward and simple to find (and use, naturally). Even if you’re a complete industry newcomer, you shouldn’t find yourself struggling to figure out Coinmama’s interfaces.

The biggest (justified!) qualm that people have people have with Coinmama are the fees. The platform charges users up to a 5,5% fee - that’s insane! Still, most of the other aspects surrounding Coinmama are quite alright - it does still qualify for a spot on the “best crypto exchanges” lists.

Visit Coinmama
...or read our Coinmama review

6. Bittrex - Top-Notch Security

Ranks #6 out of 8 Crypto Exchanges

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If security is something that you care about when picking out the best crypto exchange (which, without a doubt, you should care about), then Bittrex is surely one of those exchanges that you should pay close attention to.

The main thing that showcases just how secure Bittrex truly is would be the fact that the exchange keeps up to 90% of all of the crypto assets in cold storage devices - in other words, the cryptos are kept offline, without the ability for hackers to access them as simpy as with some other exchange platforms.

Bittrex does also have around 200 different crypto assets for users to pick from (that’s a lot!), and the fees are fixed at 0,25%. While the platform has had some issues with pump-and-dumpscams before, things do appear to be in check for a while now.

All things considered, surely one of the top crypto exchanges on the market!

Visit Bittrex
...or read our Bittrex review

7. Bitstamp - A Reliable Crypto Exchange with a Long-Lasting Reputation

Ranks #7 out of 8 Crypto Exchanges

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Admittedly, Bitstamp might be the less-mentioned cryptocurrency exchange platform, as far as this list is concerned. That being the case, though, it’s also considered to be one of the most reliable crypto exchanges in the industry!

In a very general sense, Bitstamp is one of those platforms that have truly earned their reputation - it wasn’t an easy feat, mind you! The exchange had to figure out how to solve its security vulnerabilities, as well as how to navigate the ever-changing world of crypto. Today, however, no matter which point you look at (customer service, fees, security, or else), Bitstamp is often regarded quite highly.

The cryptocurrency exchange in question is often regarded as one of the better options for anyone who's an advanced-level trader, and is looking for functionality to match their trading skills. Meaning, Bitstamp offers users those advanced features, and allows them to trade crypto in a professional manner.

When it comes to fees, Bitstamp may charge you anywhere from 0,05% up to 5%. While that is a pretty broad range, for sure, the actual fees themselves depend on your preferred payment method.

All things considered, Bitstamp is surely one of the top cryptocurrency exchanges on the market today!

Visit Bitstamp
...or read our Bitstamp review

8. Cex.io - High Levels of Security, Easy to Use

Ranks #8 out of 8 Crypto Exchanges

The simplicity of Cex probably notorious at this point - as far as the best cryptocurrency exchanges go, Cex.io is surely one of the most straightforward and easy-to-use platforms!

The exchange has some very strict security measures, too. These are evident each time you log into your account - in addition to 2FA, you will also receive notifications to your registered email about each and every single login attempt - that’s amazing for those who truly care about the security and integrity of their crypto coins.

Same as with some other crypto exchanges, Cex offers great fees for its users, too. The fees are going to range from 0% up to 0,25%.

All in all, Cex.io is surely worth paying attention to!

Visit CEX
...or read our CEX review

Conclusions

Choosing the best cryptocurrency exchange is no easy task. Even with an extensive list of the top crypto exchanges, it can be difficult to pick out the one that would suit your wants and needs best.

Still, always make sure to concentrate on aspects such as security and fees. If the platform is secure and has some amazing fees associated with it, then everything else can surely be overlooked, at least to a certain extent.

Well, THAT, and crypto coin variety - it’s probably something that is going to matter to a lot of people, too. Whatever the case might be, don’t ever try to ‘shortcut’ and use a platform that nobody has even heard about before. Remember - your cryptocurrency is in stake here!

With all of that being said, I do hope that this list of some of the best crypto exchanges out there was useful to you. Good luck with your trades, and see you next time!

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 Cryptocurrency Exchange User Reviews

5.0/5.0 - Bittrex User
2022-05-28

Legit

Bittrex was my entry-way into crypto exchange.

Evaluation
Price value
Ease of Use
Experience
Features
Safety
5.0/5.0 - Coinbase User
2022-05-28

Average user

The interface and navigation is not as intimidating as i have seen on other exchanges, all main functions are easy to find and use. The clean design is average user fiendly!

Evaluation
Price value
Ease of Use
Experience
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Safety
5.0/5.0 - Binance User
2022-05-23

Waiting for my prizes

Have been actively trading for few years now and think that i should be eligible for prizes. I know people who have won free crypto. Still waiting for my turn, BINANCE! :))

Evaluation
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Ease of Use
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5.0/5.0 - Kraken User
2022-05-23

SIMPLE

The newbie trading makes it very easy to use the platform!

Evaluation
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Ease of Use
Experience
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4.6/5.0 - Bitstamp User
2022-05-21

difficult!

my start on this exchange was complicated, but at least i could buy cryptos with my credit card...

Evaluation
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Ease of Use
Experience
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4.6/5.0 - Bitstamp User
2022-05-21

Cool design

The design and espacially the charts give me Wall Street vibes :) it is hard to read and understand what it means, though...

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Ease of Use
Experience
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Safety
4.8/5.0 - Coinmama User
2022-05-18

help

why cant they have live chat available 24/7?

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Experience
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5.0/5.0 - Kraken User
2022-05-17

Upgrade

Had to upgrade to higher tier because fiat payments were not eligible. As promised, got verified in few days. Don't know what I was hesitant about :) now have unlocked all the available features!

Evaluation
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Ease of Use
Experience
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Safety
5.0/5.0 - Kraken User
2022-05-17

The App

Recently tried out the Kraken app and it was a game changer for short trading sessions!!!

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Ease of Use
Experience
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4.8/5.0 - Coinbase User
2022-05-16

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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Experience
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5.0/5.0 - Gemini User
2022-05-16

thanks for updates

Thanks for the up-to-date news, couldn't find some info elsewhere

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Ease of Use
Experience
Features
Safety
5.0/5.0 - Binance User
2022-05-15

Great for users of all levels

I would agree that it can be harder for newbies in the crypto exchange world to use the platform, but it shouldn't be a reason to avoid Binance altogether. Fell free to follow this Binance review or any other guide to help you through the learning process. Start small and work your way up, keep up with the reasearch. It is a good place for people of all levels.

Evaluation
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Experience
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Safety
4.8/5.0 - Coinmama User
2022-05-15

That's it?

Somehow I expected coinmama to have more than 10 coins. I was hoping a wider variety to choose from. I really hope in the future they will add more...

Evaluation
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Experience
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Safety
5.0/5.0 - Gemini User
2022-05-15

Quick trades

I started trading on the go more because of the well designed app

Evaluation
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Ease of Use
Experience
Features
Safety
4.8/5.0 - Binance User
2022-05-10

new user

Transfered from revolut and the Binance exchange interface seemed too complicated at first. Took quite some time to figure out the navigation learn to read charts. Maybe i'm just a slow learner and had very limited time to do the research. Wish there was more time in a day - could have become a billionaire:D

Evaluation
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Ease of Use
Experience
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Safety
4.8/5.0 - Gemini User
2022-05-10

only 2 cryptos?

was quite surprised that gemini only offers two cryptos, but i guess it's their business focus

Evaluation
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Ease of Use
Experience
Features
Safety
4.2/5.0 - Bitstamp User
2022-05-09

not for newbies

hard to use for new users. took a lot of time, trial and error to learn to use the exchange. emailing with the customer support was not very effective for me. atleast i could find some helpful guidance on FAQ section

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Ease of Use
Experience
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Safety
4.8/5.0 - Kraken User
2022-05-06

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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4.8/5.0 - Bittrex User
2022-05-05

Low fees?

Still debating if the flat rate fee is what I prefer. It didn't bother me as a beginner, but since starting to trade more it ads up over time.

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5.0/5.0 - CEX User
2022-05-05

Good choice

Have been using this exchange for a long time and no major issues have occured. The info on their support section eliminated my concerns

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FAQ

What is the best crypto exchange out there?

This does depend on a lot of different factors! The best crypto exchange may differ from person to person - some people are going to value small fees and easy-to-use UI, while others will only use a platform if it has the best possible security measures in place. Whatever the case might be, though, Coinbase and Binance are usually seen as the best alternatives.

What are the main features of the best crypto exchanges?

The best crypto exchanges are going to have unmatched security features as their main point of reference. Also, such exchanges should possess decent fees, and be easy to use, even for beginner cryptocurrency traders. Exchanges such as Binance and Coinbase do tick all of these points!

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 Coinbase 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. Coinbase 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.