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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. Binance, Coinbase, Kraken, KuCoinIt can get pretty overwhelming, quite fast!

In a situation like this, all you need is an objective, to-the-point review of the top crypto exchanges - in this case, the top 12 platforms in the industry. Well, I’m happy to provide you with one!

If you don’t know what the evaluation criteria are for picking the best crypto exchange, don't worry. After I discuss the top choices, I’ll also give you a quick rundown of the most important aspects of how the best place to buy cryptocurrency should look like.

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

  • Bybit (crypto derivatives)
  • Binance (low fees)
  • Uphold (a multi-featured crypto exchange)
  • Kraken (a wide variety of crypto coins to pick from)
  • MEXC (huge cryptocurrency selection)
  • Coinbase (top-tier usability)
  • BYDFi (strictly regulation-compliant)
  • BitMart (for all types of traders)
  • KuCoin (great community support)
  • HTX (low fees, user-friendly)

Without further ado, let's get to it!

1. Bybit - A Crypto Derivatives Giant

Ranks #1 out of 10 Crypto Exchanges

Standard Fees: Spot trading - 0.1%; futures trading - 0.02% for makers, 0.055% for takers; options trading - 0.02%.

Supported Crypto: Over 1,600.

Bybit is a crypto derivatives exchange that was founded and established in 2018. While the platform started out by offering its clients crypto derivatives products, exclusively, it has grown to become one of the more respected and well-known exchanges on the market, in just a few years’ time!

The features and benefits offered by this particular exchange are plenty - users can expect everything from a state-of-the-art trading interface, all the way to a dedicated mobile app and beginner-friendly functionality.

Best cryptocurrency exchange: Bybit.

On top of that, Bybit also employs some of the better fee models, as well. While your actual fees will vary depending on your VIP level, the spot market fees will range anywhere from 0.1% across the board, all the way down to 0.02% and 0% for market takers and makers, respectively.

While Bybit does position itself as a beginner-friendly crypto exchange, the platform caters to advanced-level traders, as well. You can access the aforementioned perpetual and derivatives markets, utilize up to 100x leverage, as well as use other advanced trading tools, as well.

Lastly, if you ever find yourself stuck, there will always be helpful customer support agents to assist you - definitely notable, when it comes to the best cryptocurrency exchanges in the industry!

Visit Bybit
...or read our Bybit review

2. Binance - Super-Low Fees

Ranks #2 out of 10 Crypto Exchanges

Standard Fees: Spot trading - 0.1%; futures trading - 0.02% for makers, 0.05% for takers; options trading - 0.03%.

Supported Crypto: Over 500.

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 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.

Best cryptocurrency exchange: Binance.

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 is the fees that it enforces. You’ll pay up to 0.1% in fees for spot trading, 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. Uphold - A Multi-Featured Exchange

Ranks #3 out of 10 Crypto Exchanges

Uphold is a unique exchange that offers its clients not only crypto acquisition options, but also financial products from other markets, such as stocks or equities.

On the crypto front, the exchange supports an impressive number of cryptocurrencies - 265, as of writing this. What this means is that both beginner investors, as well as experienced crypto enthusiasts are bound to find the assets that they’re looking for, bar some of the more niche options.

Discussing the benefits of Uphold, it’s impossible not to mention the security aspects of the platform. The company behind the exchange prides itself on a routine auditing and penetration testing schedule, in addition to having a dedicated bounty program for the platform’s users.

Best cryptocurrency exchange: Uphold.

Obviously, Uphold employs all of the more “standard” security features as well, such as 24/7 monitoring, KYC, and advanced-level encryption.

Despite me referring to it as an exchange, Uphold is actually an entire ecosystem of crypto- (or, rather - Web3) related products. Clients can order their own credit card, and use the built-in exchange wallet. On top of that, as far as trading is concerned, Uphold does also provide its users with a solid selection of tools to choose from and utilize.

All in all, if you’re in the market for a well-designed, feature-full crypto exchange platform, Uphold is worth considering! Just keep in mind that it might not necessarily be super-simple to get into, if you’re just starting out in the crypto space.

Visit Uphold
...or read our Uphold review

Compare Crypto Exchanges Side by Side With Others

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4. Kraken - Over 200 Cryptocurrencies Available

Ranks #4 out of 10 Crypto Exchanges

Standard Fees: Spot trading - 0.25% for makers, 0.4% for takers; futures trading - 0.02% for makers, 0.05% for takers.

Supported Crypto: Over 200.

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 200 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.

Best cryptocurrency exchange: Kraken.

With a selection of over 200 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 0.4% from your transactions in the spot market. Truly some of the better numbers, at least when it comes to crypto exchange fees!

Visit Kraken
...or read our Kraken review

5. MEXC – Over 2,900 Supported Cryptocurrencies

Ranks #5 out of 10 Crypto Exchanges

Standard Fees: Spot trading - 0.05%; futures trading - 0.01% for makers, 0.04% for takers.

Supported Crypto: Over 2,900.

When looking for the best cryptocurrency exchange, broad asset support is one of the main deciding factors for many. If that's what floats your boat, too, you should definitely consider MEXC.

The exchange supports over 2,900 cryptocurrencies for spot trading and offers over 600 futures contracts. It's actually one of the biggest selections I've seen so far. Thus, no matter if you're after the top cryptocurrencies or looking for some niche token trading, you'll be able to do both.

Speaking of variety, on MEXC, you'll be able to participate in the usual spot trading and pre-market trading. The latter allows you to trade new crypto tokens with zero fees before they are officially launched on the exchange.

Best cryptocurrency exchange: MEXC.

Besides that, you can engage in futures trading, both with USDT-M and Coin-M perpetual contracts. If you want to test out your strategies, there's even demo trading. Though, if you don't know much about strategies, you can follow others via copy trading.

In addition to trading tools, MEXC also offers various earning possibilities, including token airdrops and exclusive events. Plus, there is a savings tool and a loaning service.

All of that sounds nice, but what about MEXC's security? Well, it has all the necessary measures a reputable exchange should have:

  • A reserve with over 100% rate;
  • A combination of cold and hot asset storage;
  • Futures insurance fund.

So, MEXC will not let you down regarding security. But you know what's the cherry on top?

The exchange has some of the lowest fees on the market. Spot fees start at 0.05% for makers and takers, while futures fees start at 0.01% for makers and 0.04% for takers.

Besides, you can reduce these with the MX token. You can either use the MX Deduction feature to get a 20% discount, or you can get a 50% discount by holding at least 1,000 MX in your account. These discounts apply for both spot and futures trading (except the 50% discount is not valid for BTC-based trading pairs).

My verdict? MEXC is among the best cryptocurrency exchanges for many reasons, but its wide selection of cryptocurrencies and low fees make it stand out the most.

Visit MEXC
...or read our MEXC review

6. Coinbase - A Crypto Exchange Leader

Ranks #6 out of 10 Crypto Exchanges

Standard Fees: Spot trading - 0.4% for makers, 0.6% for takers.

Supported Crypto: Over 240.

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”).

Best cryptocurrency exchange: Coinbase.

Now, the one qualm that many users have with the platform is that, while it does support over 240 crypto assets, it lacks some popular altcoins. 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 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 start at 0.4% for makers and 0.6% for takersThese are some high numbers compared to the industry standard! Crypto purchasing fees are pretty high, too, but they depend on your country of residence, amount of money being traded, and so on.

Though, you do get better fees when you increase your trading volume and use Coinbase Advanced. That said, Coinbase does guarantee optimal security, and is very trusted among the community.

Visit Coinbase
...or read our Coinbase review

7. BYDFi - Reputable & Regulation-Compliant

Ranks #7 out of 10 Crypto Exchanges

Standard Fees: Spot trading - 0.1%-0.3%; futures trading - 0.02% for makers, 0.06% for takers.

Supported Crypto: Over 400.

BYDFi is a crypto exchange that has been making waves in the industry. In 2023 alone, it was recognized by Forbes as one of the top ten best crypto exchanges on the market - that’s no easy feat to accomplish!

What makes BYDFi stand out, then?

First and foremost, the company behind the exchange puts a strong emphasis on regulatory compliance. The exchange is available in over 150 countries around the globe. Most notably, it can also be accessed and used by residents of the United States and Canada. That’s not a common perk that many exchanges can boast about!

Best cryptocurrency exchange: BYDFi.

Naturally, it’s not the only major benefit of BYDFi, either. The exchange has a large variety of trading tools that cater to both industry newcomers, as well as veteran traders who are looking for some advanced options. There’s even a copy-trading feature available, too!

Spot trading fees range from 0.1% to 0.3%, which is in the range of the industry average. The only notable downsides of the exchange are the fact that it doesn’t support NFT trading and storage, as well as the fact that there are no staking capabilities available on BYDFi.

Visit BYDFi
...or read our BYDFi review

8. BitMart - For All Types of Traders

Ranks #8 out of 10 Crypto Exchanges

BitMart is a well-known exchange platform, welcoming traders of all levels. Launched in 2017, it currently supports over 1,400 different crypto assets. Users also benefit from an accessible interface available via both the web and a dedicated mobile app, ensuring seamless trading no matter what you use.

BitMart supports over 300 payment methods, including bank transfers, credit cards, and even PayPal, making onboarding super straightforward for beginners. There’s also peer-to-peer (P2P) trading for direct crypto exchanges between users.

For advanced traders, the exchange platform delivers with its margin and futures trading options. With up to 100x leverage in futures and a range of professional trading charts, BitMart caters to even the biggest risk-takers. It also offers copy trading and an NFT marketplace!

Best cryptocurrency exchange: BitMart.

Beyond trading, BitMart includes earning features like staking, savings, and dual investments through its Earn program. These features provide flexible ways for users to grow their holdings, with competitive APYs. The platform also introduces users to early-stage crypto and NFT projects via its Launchpad and Initial NFT Offerings (INOs).

Lastly, BitMart puts a lot of emphasis on the aspect of security, as well. It employs MultiSig technology and hybrid hot / cold wallet systems to safeguard user funds - features that are almost a must for all of the best cryptocurrency exchanges on the market!

Visit BitMart
...or read our BitMart review

9. KuCoin - A Dedicated Community

Ranks #9 out of 10 Crypto Exchanges

Standard Fees: Spot trading - 0.1%; futures trading - 0.02% for makers, 0.06% for takers.

Supported Crypto: Over 700.

KuCoin is a well-known name in the cryptocurrency industry. The exchange, same as many others on this list, offers its users a variety of different products and services, in addition to the expected crypto trading functionality.

First and foremost, KuCoin allows its clients to trade a wide array of different cryptocurrencies (over 700!). This includes both some of the most popular coins on the market, as well as some other, more-niche assets. This is great for anyone who's looking to diversify their portfolio, in the long run!

Best cryptocurrency exchange: KuCoin.

On top of that, KuCoin is also known for having some of the best trading fees in the industry. Both market makers and takers start off with a 0.1% trading fee - as you trade more crypto on the platform, you are actually able to get that number even lower. That's very significant!

Besides that, KuCoin has interest-earning functionality via KuCoin Earn, advanced trading tools, such as trading bots and pre-market trading, and the exchange accepts a wide variety of fiat currencies. On top of that, it even offers a crypto debit card (KuCard), which can be used to spend crypto for everyday purchases just like you spend your fiat.

All in all, with strong community support behind the exchange, KuCoin is definitely worth considering, for anyone who's looking for the best cryptocurrency exchange out there!

Visit KuCoin
...or read our KuCoin review

10. Huobi - A Well-Rounded Crypto Exchange

Ranks #10 out of 10 Crypto Exchanges

HTX (formerly known as Huobi) is a veteran crypto exchange - it was established in 2013, which makes it one of the oldest platforms on this list!

HTX positions itself as the go-to platform for crypto enthusiasts. It supports over 700 different cryptocurrencies, including major assets like Bitcoin, Ethereum, and Litecoin, alongside more niche assets. This vast selection enables users to diversify their portfolios conveniently on a single platform.

Low transaction fees are another highlight of HTX. The platform's fees generally do not exceed 0.2%, a rate that's actually below the established "industry standard" of 0.25%. Users holding HTX tokens can benefit from even lower fees, which also provides utility to the aforementioned tokens themselves.

Best cryptocurrency exchange: the core products of HTX.

Security is a top priority at HTX. The platform safeguards user assets through its HTX Security Reserve, providing compensation in case of a breach that would result in loss of assets. Furthermore, up to 98% of funds are stored in cold wallets, offline devices that are (by nature) resistant to hacking attempts, ensuring optimal protection.

Then, there's the user-friendly experience. The platform supports credit and debit card payments, allowing for quick and convenient account funding. This feature is particularly beneficial for newcomers who might be searching for their first exchange platform. Additionally, the HTX offers 24/7 live customer support, ensuring users can resolve issues promptly - a service that is, to this day, still often hard to find in the crypto industry!

Whether you're a newcomer exploring the crypto space or an experienced trader seeking a diverse and secure platform, HTX delivers a seamless and feature-rich experience. With its strong reputation, wide asset range, low fees, and top-notch security measures, it certainly deserves as spot on this list of the best cryptocurrency exchanges!

Visit Huobi
...or read our Huobi review

Best Crypto Exchange: The Evaluation Criteria

Cryptocurrency exchanges are designated platforms where individuals can come in, register, and exchange their crypto coins & tokens for either other assets, or fiat money. Well, at least that's the gist of it. There are two major types of exchanges out there[1] - centralized (owned by private companies), and decentralized (owned by no single central authority) ones. Today, we're focusing on the former.

As noted in the introductory part of the article, when it comes to picking the best crypto exchange, it’s crucial to 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[2], it isn’t even worth looking into.

Best cryptocurrency exchange: 2FA.

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.

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 be fool-proof and very easy to accomplish. Wallet access and security settings are also important!

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.

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! Some of the most renowned options that meet all the requirements include Binance, Bybit, and Kraken.

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!


Other Crypto Exchanges in This Category

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

Bitget - Best for Copy Trading and Derivatives

Bitget is one of the best cryptocurrency exchanges that excels in derivatives and copy trading. Though, it offers many other features, too, including spot trading, a way to buy crypto with fiat, trading bots, earning features, and much more. It even has the Bitget Card, which is a crypto credit card.

Thus, both experienced and beginner traders will find what they need on the platform.

Bitget's copy trading functionality, for example, allows users to mirror the trades of top traders. This feature is perfect for those new to trading who may not yet have the knowledge or confidence to execute trades on their own. Just note that it's always important to stay cautious, especially when relying on other traders.

In terms of derivatives, Bitget provides several futures trading options, including USDT-M, USDC-M, and Coin-M futures contracts. These contracts come with fully-featured trading dashboards, which offer everything a professional trader would need.

Best cryptocurrency exchange: Bitget.

Another appealing aspect of Bitget is its demo trading feature, allowing users to practice trading without risking real money—an invaluable resource for anyone learning the complexities of crypto futures.

The platform also places a strong emphasis on security, with features like cold storage, two-factor authentication, and a $350 million user protection fund. Regular proof of reserves updates further solidify Bitget’s commitment to safeguarding its users' assets.

On top of that, Bitget boasts competitive fees, with spot trading fees starting at 0.1% and futures trading fees starting at 0.02% for makers and 0.06% for takers. There's even a way to reduce these fees by increasing your VIP level or covering spot fees with BGB, the native token of the exchange.

While Bitget might be somewhat overwhelming for those new to the crypto world at first glance, its educational resources and intuitive design help ease the learning curve. Therefore, if you're looking for a platform that is packed with various tools that cater to all traders, Bitget is one of the top choices for sure.

Bitfinex - A Crypto Exchange for Experienced Traders

Standard Fees: Spot trading - 0.1% for makers, 0.2% for takers; futures trading - 0.02% for makers, 0.065% for takers.

Supported Crypto: Over 170

Bitfinex is surely among the best-known crypto exchange platforms in the world. The exchange offers its clients all of the top features that you’d come to expect - a fiat on-ramp, low trading fees, a significant number of supported crypto assets, and so on.

To be more specific on that last point, as of writing this, Bitfinex supports a bit over 170 different crypto coins and tokens. This is a pretty significant number, and will definitely be appreciated by both crypto newbies and experts, alike!

Best cryptocurrency exchange: Bitfinex.

That being said, it’s a common belief that Bitfinex itself, as far as the best cryptocurrency exchanges go, is catered more towards the latter group of individuals - experienced crypto traders who are looking for advanced-level functionality. That’s exactly what Bitfinex offers, too - multiple different trading tools, as well as different trading products, as well (spot, perpetuals, etc.).

While the exchange in question has had a bit of a shaky past, user reviews point out that, as of late, Bitfinex has highly improved its security features, and is adamant about preserving the integrity and security of its user accounts.

This is further proven when you take a look at the actual safety features that the platform employs - two-factor authentication, IP whitelisting, email encryption, cold storage, and much more.

All in all, there’s definitely a lot to check out with Bitfinex!

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

Standard Fees: Spot trading - 0.3% for makers, 0.4% for takers.

Supported Crypto: Over 80.

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.

Best cryptocurrency exchange: Bitstamp.

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 will charge you from 0% to 0.4% when it comes to trading. Purchasing fees, on the other hand, can go anywhere from 0% to 4%. 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!

CEX.IO - High Levels of Security, Easy to Use

Standard Fees: Spot trading - 0.15% for makers, 0.25% for takers.

Supported Crypto: Over 200.

The simplicity of CEX.IO is probably notorious at this point - as far as the best cryptocurrency exchanges go, it 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.

Best cryptocurrency exchange: CEX.IO.

When it comes to the features offered by the platform, there is spot trading, a crypto wallet, various earning features, and extensive learning materials. It truly is a great exchange for beginners. Though, there is also CEX.IO Prime, an institutional-grade crypto-fiat service provider for businesses and the CEX.IO crypto debit card.

Besides, same as with some other crypto exchanges, CEX.IO offers decent fees for its users. Trading fees range from 0% to 0.25%, while crypto purchasing fees might get somewhat high, but they depend on the payment method in question.

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

Coinmama - Friendly Customer Support, but High Fees

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.

Gemini - A US-Based Crypto Exchange

Gemini is a US-based cryptocurrency exchange. Naturally, it's a 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 the relevant laws.

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 layer of reliability.

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! So, Gemini's security features are quite decent, in general.

Bittrex - Top-Notch Security

Note: Bittrex was shut down on December 4th, 2023.

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!

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.


Scientific References

1. S. Hägele: 'Centralized Exchanges VS. Decentralized Exchanges in Cryptocurrency Markets: A Systematic Literature Review';

2. Y. Suga, M. Shimaoka, M. Sato, et al.: 'Securing Cryptocurrency Exchange: Building up Standard from Huge Failures'.

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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Recent Best Cryptocurrency Exchange User Reviews

Kourtney Burch

5.0/5.0 - Kraken User
14/10/2024

The App

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

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wilma93ozumvjfs

5.0/5.0 - Bybit User
13/11/2024

3 month plus

Been with them for three month plus, and their service have been superbly but strict.

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P. Watson Jr

5.0/5.0 - Coinbase User
26/09/2024

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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Greg

5.0/5.0 - Huobi User
02/09/2024

Nice...

I really appreciate... Every time I see it.... When you can easily move your funds in and out of the platform... without any issues.... That's super nice....

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Jaeger

4.2/5.0 - Huobi User
15/11/2024

ads issue…

Been using for a while. So far so good. Sometimes the popup ads get stucked which is annoying, have to restart the app

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melissa edwards

5.0/5.0 - BitMart User
30/10/2024

Perfect...

It's one of the best options in my opinion... I like how bitmart is built and how extremely secure it is... Actually, there could be an option here at bitdegree to rate security as well...

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Rhea Noble

4.4/5.0 - Bybit User
24/11/2024

Friendly Platform

Easy to use, Simple and friendly

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BaBoone

5.0/5.0 - Binance User
12/09/2024

Secure

Great platform for intermediate traders like myself. Also happy with the security measures they provide. Although depositing in crypto through me off at first, now I got used to it and have nothing to complain about!

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joanne.cruz

5.0/5.0 - Bybit User
27/11/2024

very amazing job!

amazing - this review is a great contribution to the crypto community, everyone should read it! it's valuable information for those looking for more on Bybit, such a new and yet promissing exchange!

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dora jennings

5.0/5.0 - Bybit User
09/10/2024

finally found it???

thanks to its advanced trading tools and low fees i might try is as my very first exchange! 🥰🥰🥰 i've been searching so much, can't believe i'm finally convinced to start my journey!

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Chanel

5.0/5.0 - Kraken User
25/09/2024

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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Saarah D.

5.0/5.0 - Binance User
21/11/2024

GREAT platform

LOVE this exchange platform!!!

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Enrique1673

5.0/5.0 - KuCoin User
10/11/2024

Web over app trading

Great interface and user experience, it's great for trading on the go. However, i do prefer web trading over the app...

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bug4u

4.6/5.0 - BitMart User
29/11/2024

I will try

number 1 on my list for now

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Flenn Cruz

5.0/5.0 - BitMart User
26/10/2024

nice

👍

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Jules Regan

4.2/5.0 - Bybit User
03/09/2024

Hard

The platform is hard to use for beginner like me

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Kent

4.4/5.0 - Huobi User
11/10/2024

Need improve

The team need to improve. Verification (kyc) is really difficult

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Matias Dale

4.8/5.0 - Kraken User
14/11/2024

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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Maldonado

5.0/5.0 - KuCoin User
30/10/2024

lots of cryptos to choose from

extensive list of cryptos! often adding new ones, didn't expect this exchange to be this versatile

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Zoseph West

5.0/5.0 - Huobi User
17/11/2024

Full mark

This is the exchange with the best experience I've ever had

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Leave your honest Best Cryptocurrency Exchange review

Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All reviews, either positive or negative, are accepted as long as they're honest. We do not publish biased reviews or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

FAQ

What is the best crypto exchange out there?

The answer depends 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, Binance, Kraken, and Bybit are usually seen as some of 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 Kraken 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 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.

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