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10+ Best Crypto Exchanges To Trade On In 2024

Over the last decade, cryptocurrencies have become an alternative to traditional fiat currencies and one of the most lucrative markets for day traders and investors. But to start trading, you need to find the best crypto exchange for your needs. In this guide, we review the top crypto exchanges to trade on.
Best Crypto Exchanges - Top 10 List
Best Crypto Exchanges - Top 10 List

When you want to get into cryptocurrency trading, one of the first things you encounter is to select a suitable cryptocurrency broker. It is a critical step as you do not want to get hacked or lose your capital on trading fees. To keep your brokerage account away from a bad trading experience, you must carefully research the market and find the most suitable cryptocurrency broker. 

However, finding an excellent brokerage platform is difficult as the market has hundreds of options. While you may find it daunting to explore all these brokers and select the one with the best features, we have prepared a detailed guide introducing the top 10 crypto exchanges. These platforms stand out with features such as security mechanisms, trading fees, customer support, and functionality. 

Read on to find out which online cryptocurrency brokers best suit your requirements. 

Best Cryptocurrency Exchanges in 2024

Below are some of the most recommended brokers to trade cryptocurrencies that we have selected based on our research. 

  1. Coinbase – Overall Best Crypto Exchange to Trade On
  2. MEXC – Emerging Exchange Hosting 1700 Cryptocurrencies
  3. KuCoin – Tier 1 Exchange with Early Token Listings
  4. Kraken – Best Cryptocurrency Exchange for Margin Trading
  5. OKX – World’s Seventh Biggest Cryptocurrency Exchange By Market Capitalization
  6. Bybit – Among the Top Cryptocurrency Exchanges
  7. Paybis – Buy Crypto Using Multiple Fiat Methods
  8. Bitstamp – Low-Fee Trading Platform with Longest History
  9. Crypto.com – Best Crypto Exchange with Many Features for Active Traders
  10. Binance – Best Crypto Exchange for Advanced Traders
  11. Huobi – Popular Asian Crypto Exchange

Top Crypto Exchanges Reviewed – Full List

We have reviewed a wide selection of brokers in this section so that you can better understand what each of them provides. Selecting any of them depends on your budget, trading goals, time spent on trading, the country you leave, available payment methods, etc. 

While some brokers may support low-cost trading, others may offer more functionality, support a wide selection of assets, etc. Hence, you need to consider all your priorities and choose the one that best meets your requirements. 

Coinbase – Overall Best Crypto Exchange

CoinbaseCoinbase started in 2012 as a platform to send or receive Bitcoin, but then it developed into a cryptocurrency exchange accepting multiple other crypto assets. It is our overall best crypto exchange and provides two different trading platforms. The first one is designed for beginner traders and is supported by a simple interface. The second one is called Coinbase Pro and is designed for professional traders. It is equipped with advanced tools and charges less trading fees. 

Coinbase is a highly user-friendly and excellent exchange for portfolio diversification. It supports more than 100 cryptocurrencies that you can buy and sell using different payment methods. But when it comes to pricing, Coinbase may seem a bit expensive, primarily when you use credit and debit bank transactions. The exchange charges 3.99% for these payment methods. 

Apart from the fees applied to the payment method, users also pay a trading fee and a spread which differs depending on the amount of trade. Still, Coinbase does not charge any other monthly fees or account management packages.  Though it charges higher than average fees, Coinbase has become one of the most widely used trading platforms supporting over 90 million customers from over 100 countries. 

Coinbase also stands out with great security features. It keeps most of the funds in cold storage, the most secure way to keep assets. Apart from it, all the users signing up for a Coinbase wallet must have their account verified. They must undergo the Know-Your-Customer procedure, which requires verifying their address (with a utility bill or a bank document) and identity (with a driver’s license, ID, or passport copy). Coinbase accounts also necessarily use 2FA, which is extra protection for the account.

Why select Coinbase?

  • Coinbase is a highly secure crypto exchange.
  • Supports a wide selection of cryptocurrencies.
  • Offers a decentralized wallet – Coinbase Wallet.
  • Supports two different platforms for advanced traders and beginners.
  • +90 million users and a good reputation. 

Visit Coinbase

MEXC – Emerging Exchange Hosting 1700 Cryptocurrencies

Trading requirements are diverse, catering to varying trader profiles, a factor that MEXC claims to adeptly accommodate. Established in 2018, this exchange swiftly gained traction within the crypto community, offering a comprehensive suite of features, regular upgrades, engaging promotional events, and an enticing fee structure.

Since its inception, the platform has experienced rapid growth, boasting a user base exceeding 10 million registered users. Its expansive network spans across more than 170 countries and regions globally. Emphasizing the importance of speed in trading, MEXC prioritizes this aspect. The platform’s trading engine stands out as one of the industry’s fastest, executing over 1.4 million transactions per second, a feature that greatly appeals to traders.

Security measures are paramount, reinforced by key licenses, establishing the platform as a trustworthy entity. With reliable customer support, an appealing website interface, and advanced trading tools, MEXC emerges as a highly suitable choice for traders venturing into cryptocurrency trading.

For more information, check out our MEXC review.

Why Select MEXC?

  • Holds Key licenses from several countries
  • Has one of the fastest trading engines
  • High-security elements integrated into the platform
  • No unsolved legal issues
  • Over 1700 cryptocurrencies supported

Visit MEXC

KuCoin – Tier 1 Exchange with Early Token Listings

KuCoin

Established in 2017 by a team of seasoned experts in the field, KuCoin swiftly ascended to become one of the top 5 cryptocurrency exchanges globally in terms of trading volume. Its rapid rise was propelled by an attractive interface, a comprehensive range of features, and escalating popularity.

While many leading exchanges exhibit delays in listing new or lesser-known cryptocurrencies, KuCoin stands out for its ability to promptly list these tokens compared to most other centralized exchanges (CEXs). The platform’s core mission is to “enable the global seamless flow of digital value.” Emphasizing user-friendly design, streamlined registration processes, and robust security measures, KuCoin facilitates futures trading, diverse payment options for crypto purchases, and instantaneous exchange services. Operating from the Seychelles, it actively serves in over 200 countries.

With a user base surpassing 30 million worldwide, KuCoin has solidified its position as a coveted crypto exchange platform. Offering an extensive array of cryptocurrencies alongside a constant stream of new features and updates, investors and traders seeking a straightforward yet feature-rich platform can confidently consider KuCoin for their crypto-related endeavours.

Read our KuCoin Review for more details.

Why select KuCoin?

  • High-security measures implemented
  • Huge variety of cryptocurrencies
  • Is quick to list lesser-known cryptocurrencies
  •  High-quality customer service
  • Multiple payment options

Visit KuCoin

Kraken – Best Cryptocurrency Exchange for Margin Trading

KrakenKraken is an excellent cryptocurrency exchange when it comes to security and advanced trading features. Founded in 2011 and launched in 2013, Kraken has quickly become one of the most popular cryptocurrency exchanges worldwide. It supports over 110 cryptocurrencies and offers multiple trading features for advanced trading. Those who prefer margin trading can have up to 5x leverage on a crypto pair. Plus, the exchange also offers crypto short sales and stop orders. 

Kraken has three account types for different trading levels – starter, intermediate, and pro accounts. Using a Starter account is quite simple and does not require verification. However, it does not support many trading features, so you must use the Intermediate or Pro accounts to advance your trading skills and trade large amounts. 

As for pricing structure, Kraken can be a bit expensive compared to other leading crypto exchanges. Fees are significantly higher when you use instant buys and pay with a credit or a debit card. But you can also charge your account through a bank transfer option and enjoy relatively lower transaction fees. 

The exchange also supports staking and enables to lock of almost 15 cryptocurrencies, while rewards can reach from 0.25% to 40%. You can access Kraken online using its website or mobile app. The exchange is highly secure – it has 2FA and other sophisticated safety mechanisms. Plus, 95% of the assets are kept in cold storage. Read our full Kraken review.

Why select Kraken?

  • It is incredibly safe and has never been hacked.
  • Offers margin trading with high leverage.
  • Supports a good selection of cryptocurrencies. 
  • Three different account types are available to select.

Visit Kraken

OKX – World’s Seventh Biggest Cryptocurrency Exchange By Market Capitalization

OKX stands as the world’s seventh-biggest cryptocurrency exchange by market capitalization.OKX Logo The platform is known for giving a “platform” to low-cap cryptocurrencies, thanks to the crypto community’s demand for more utility-focused tokens. Based in Seychelles, the cryptocurrency exchange is unavailable in the United States. Thanks to its low exchange fees, cryptocurrency traders from other parts of the world prefer its offerings.

OKX exchange was founded in 2017, and the platform has grown due to the influx of more cryptos. Over 500 trading pairs are available on the platform at the time of writing, including high-cap tokens like Bitcoin, Ethereum, and XRP and low-cap tokens like Tamadoge.

OKX offers a robust trading panel suitable for both beginners and advanced traders. That said, some of its offerings are more suitable for crypto veterans. These consist of margin trading on leverage and spot trading. The best feature of this platform, however, is its mobile app. Available on all mobile devices, the app consists of three modes – Lite, Web 3, and Pro.

Lite mode allows beginners to buy any listed cryptos for as little as $5. Web 3 mode delves into niches other than cryptocurrencies like NFTs and DEX. Users will find Launchpad, the NFT marketplace, staking opportunities, and more here.

The third mode is the Pro mode, allowing users to trade derivatives and margins.

OKX is also home to multiple varieties of Earn programs. They consist of savings, staking, dual investment, DeFi, Fixed income, and flash deals. Furthermore, those who want to borrow and get loans of up to 20 loanable assets. OKX has gone with a flexible repayment model for these loans, making OKX all the more inclusive.

The fee model on OKX is based on tiers, with the maker fee varying from 0.080% to 0.060% and the taker fee varying from 0.1% to 0.080%. The levels depend on the number of OKB tokens – the native crypto of OKX – that users hold.

OKX also supports institutional services like the liquid marketplace, APIs, VIP loans, and broker programs. Beginners won’t have a hard time engaging with this platform, as OKX offers a host of blogs and tutorials. Read our complete OKX review.

Why select OKX?

  1. Low trading fees.
  2. Over 500 cryptocurrencies are listed.
  3. A great mobile app that offers multiple facilities.
  4. Offers a host of earning opportunities, including DeFi staking and Dual Investment.
  5. It has its own NFT marketplace.

Visit OKX

Bybit – Among the Top Cryptocurrency Exchanges

Bybit Logo

Bybit is a cryptocurrency exchange that, after launching in 2018, has quickly risen to become a tier one exchange by adding more inclusive features to the platform. The platform has listed over 100 cryptocurrencies – a list that is a combination of high-cap cryptos as well as low-cap cryptos that focus on utilities.

Users can buy crypto on Bybit using the One-Click Buy option and P2P Trading. Spot Trading and Margin Trading are also available on Bybit. Also, there is a large selection of leverage tokens that users can long or short at 3x leverage.

Bybit also has unique facilities geared towards early movers – such as Launchpad. Launchpad allows users to gain early access to promising cryptocurrency projects. Access to upcoming projects is a better option, as it allows users to make gains without dealing with the volatility of the crypto space.

Bybit also features a Web 3 Wallet known as Bybit Web 3. The wallet gives access to staking pools with up to 6.5% APR, USDC bonus pools, IDOs, and other rewards. Bybit’s latest addition is the APEX Pro, an advanced feature allowing users to oversee the market.

Bybit also has a tier-based fee model that is different for different types of trades. There is a separate fee structure for spot trading, Perpetual and Futures Contracts Funding, and USDC Options Trading. Spot Trading, one of the more prevalent offerings on Bybit, has maker/taker fees between 0.1%/0.1% and 0.02%/0.005%. See our full Bybit review.

Why select ByBit?

  • Margin trading is available with up to 100x leverage on BTC.
  • Advanced trading platform for non-US users.
  • Launchpad for new cryptocurrency ICOs
  • Excellent educational content to learn about trading and DeFi.

Visit Bybit

Paybis – Buy Crypto Using Multiple Fiat Methods

Paybis is a cryptocurrency exchange that, even though launched in 2016, has never veered from its user-friendly roots. Paybis LogoAn exchange that exclusively supports fiat payments, Paybis is beginner-friendly and is among the contenders of the best cryptocurrency exchanges of 2024.

Users can buy Bitcoin, Ethereum, Litecoin, and over 150+ crypto and fiat assets using local fiat payment methods, depending on the user’s country. Adding to this facility is the low fee utility. The credit and debit card fee only goes up to 2.49%, and the commission ranges between 4.5% to 6.99% – which is small for an exchange that only supports fiat payment methods.

Paybis Best exchange

In addition to buying cryptocurrencies, Paybis also offers a way to sell cryptocurrencies. So far, only 10 cryptocurrencies can be sold, but that list is bound to increase as the platform brings new utilities as time goes on.

Paybis is a licensed casino. It has acquired the Money Service Business Registration from the FinCEN Department of the Treasury, United States, and it also adheres to EU regulations, which makes it available in over 180 countries and 48 states in the US.

Due to it being a licensed casino, Paybis has placed stringent AML KYC requirements as well as security features. However, users that don’t want to provide KYC details right away can trade up to $10,000 worth of Bitcoin without any issues.

Security features on this platform include SSL encryptions and two-factor authentication. Paybis also hosts an in-house wallet that comes with its own set of security measures, such as a private key and three-layer security storage.

Overall, Paybis is a good cryptocurrency exchange for those looking for quick payouts and simple features. It doesn’t support trading pairs, which means you won’t find complex trading features like margin trading on this platform. However, for beginners and those looking for a streamlined method of interacting with the crypto economy, Paybis is a suitable trading platform.

Why select Bybit?

  1. Low Trading fee
  2. Over 150+ crypto trading pairs
  3. Offers an in-house wallet
  4. Supports multiple fiat methods of payment

Visit Paybis

Bitstamp –  Low-Fee Trading Platform with Longest History

BitstampFounded in 2011, Bitstamp is one of the oldest cryptocurrency exchanges that operate today. The broker supports trading almost 70 cryptocurrencies with below than average trading fees. One of the most significant advantages of Bitstamp is that it offers different trading platforms. Bitstamp provides Bitstamp.net, a simple-to-use platform designed for newbies in trading. For professional traders, Bitstamp offers its Tradeview platform. 

Apart from these two web-based platforms, Bitstamp also supports a mobile app. It is free to download and is compatible with iOS and Android phones. The app has a high rating on both marketplaces – 4.8 on App Store and 4.2 on Play Store. 

Though Bitstamp has different platforms for different levels of traders, the trading fees are the same. Irrespective of what trading platform one uses, there is a flat fee of 0.5% every time you buy or sell an asset. However, it offers lower fees depending on the volume of your trades. For example, if your monthly trading volume reaches $10,000, you will pay a 0.25% fee instead of 0.5%. 

Regarding non-trading fees, Bitstamp does not have any management or account fees. Only 5% is charged for debit and credit card transactions, but the ACH transfers for depositing money into your account are free. 

Regarding security, we must mention that the broker experienced a major hack in 2015 and lost $5 million worth of BTC. However, its security systems have improved to offer a safer trading experience. Bitstamp stores 95% of the assets in a cold storage wallet. Plus, users must undergo 2FA and have other optional security measurements to select. 

Why select Bitstamp?

  • Low trading fees, especially when you trade in high volume.
  • Free deposit and low withdrawal fees for ACH transfers.
  • Offers different platforms for traders having different skills.
  • Good selection of assets.

Visit Bitstamp

Crypto.com – Best Crypto Exchange with Many Features for Active Traders

Crypto.com is a relatively new player in the market but has already garnered some popularity. It stands out with high functionality and offers crypto investing and trading features, staking, NFT marketplace, wallets, and other DeFi options. It supports a wide selection of digital assets – with Crypto.com, you can trade over 250 cryptocurrencies. It also offers a DEX for those wanting to step into decentralized exchange trading.

Crypto.com

As for pricing, Crypto.com offers a competitive pricing structure that gets lower when the trading volume increases. Moreover, clients also get discounts when they hold their native token – the CRO coin. In general, the platform charges a 0.4% fee for average transactions. But if your monthly trading volume reaches $25.000, you can pay up to a 0.04% trading fee. If you want to get discounts – you must hold at least 5000 CRO coins in your wallet. 

You can buy cryptocurrencies with fiat currency, as the platform supports multiple fiat, including the Canadian dollar (CAD), United States dollar (USD), Australian dollar (AUD), EUR, GBP, and BRL. The versatility of payment currencies makes investing in cryptocurrencies from different countries easy. And the exchange has already attracted over 10 million users from 90 countries. 

Crypto.com offers an exceptional trading platform that is simple but redundant with several advanced features, making it an excellent choice for expert traders. It also offers a mobile app to download on Android and iOS devices. The mobile app is quite practical and includes everything you need to trade cryptocurrencies. 

Regarding security, Crypto.com is not a regulated exchange, but it uses robust security features to protect your account from fraud. Among its most significant security systems are multifunction authentication (MFA) and whitelisting. Additionally, it keeps most of the funds in a cold storage wallet, making it almost impossible for hackers to reach. 

Why select Crypto.com?

  • Several DeFi products are available.
  • Supports +250 cryptocurrencies.
  • Offers low trading fees, which get even lower when trading large amounts.
  • You get discounts if you hold its native token.

Visit Crypto.com

Binance – Best Crypto Exchange for Advanced Traders

BinanceFounded in 2017 by Changpeng Zhao, the Binance cryptocurrency exchange has quickly attracted several crypto investors. It is now the largest cryptocurrency exchange by trading volume and offers worldwide services. Binance is excellent for advanced trading, low crypto-to-crypto trading fees, and mobile trading.

Several features impress Binance users, including its peer-to-peer marketplace, a massive selection of NFTs, and several trading fees. Not to speak about the versatility of cryptocurrencies – the platform supports over 600 crypto assets. However, US users can only trade 60 cryptocurrencies with Binance US. 

The exchange offers one of the most competitive trading fees, especially when trading crypto pairs. For example, the most popular crypto pair – BTC to ETH trading, charges only a 0.1% trading fee. Still, instant buys with a credit or a debit card may be pretty expensive as it charges a 4.5% trading fee for these payment methods. Binance traders can also get discounts holding BNB coins or becoming VIP traders. Additionally, the fees get lower when they trade in higher volumes. 

Another impressive thing related to Binance is its highly advanced trading experience. Along with multiple advanced tools, Binance supports various sophisticated charts and graphs to contribute to market analyses when trading. However, the abundance of these features may seem confusing for newbies in the field. Hence, Binance’s trading platform is more suited to advanced traders. 

Binance’s security systems are quite impressive – it offers 2FA, SMS authentication, whitelisting, and other options to protect your account. But it is worth mentioning that the platform is not regulated and licensed by any company and has already faced regulatory problems in some countries, including the US and the UK.

Why select Binance?

  • Extremely low trading fees. 
  • An impressive selection of crypto assets and NFTs.
  • Largest crypto exchange by trading volume.
  • Supports desktop app, website trading, and mobile app. 
  • Advanced charts and trading features for expert traders.

Visit Binance

Huobi – Popular Asian Crypto Exchange

HuobiHuobi (now known as HTX) is among the most popular Asian-based cryptocurrency exchanges. It started in 2013 in Beijing, but the cryptocurrency regulatory issues in China eventually forced it to move to Seychelles. However, Huobi had regulatory issues with other countries and was accused of wash trading, but the company rejected the accusations. Despite these events, Huobi gained a good reputation among traders and claims to have millions of customers from several countries. 

Huobi can be an excellent choice for low-cost trading and a vast selection of assets. The platform supports more than 400 cryptocurrencies, and regulatory add new ones. And it offers quite a budget-friendly trading. For example, you can buy Bitcoin with Huobi by paying a 0.2% base fee. But users can also get discounts when holding Huobi Tokens or trading in high amounts. 

Another appealing feature related to Huobi is its VIP account which users can get by raising their EXP (Huobi Experience Points). The latter is influenced by the volume of your trades and the number of cryptos you hold on your Huobi account. But apparently, Huobi’s best feature is its crypto savings account which enables users to earn annual capital gains with idle assets. 

Regarding Huobi exchange’s practicality, we should mention that the platform is complicated and rich with several advanced functions. The complexity of the platform makes it quite an attractive choice for advanced traders, while beginners may find it not friendly. Additionally, the exchange has a minimum deposit of $100 to allow you to trade. To trade with Huobi, visit its website or download its mobile app on your iOS or Android phone. 

Why select Huobi?

  • It provides a crypto savings account for investors to earn passive income.
  • An impressive selection of cryptocurrencies and trading features. 
  • Low trading fees.
  • Discount on trading fees when holding Huobi Token or they trade in large amounts.

What are Crypto Exchanges?

Cryptocurrency exchanges have made buying and selling cryptocurrencies much more accessible for ordinary people. A centralized crypto exchange is an online platform that acts as an intermediary between buyers and sellers, enabling them to trade crypto assets. Some brokerage platforms have also started to support crypto trading. In return for their service, cryptocurrency exchanges charge trading fees from the users. 

The number of cryptocurrency exchanges is growing rapidly, but not all of them offer mainly the same services. Differences between cryptocurrency exchanges can relate to the number of coins available to trade, trading tools, pricing structure, customer service, payment methods, regulatory systems, and multiple other functions. While you can buy cryptocurrencies with fiat currency with some crypto brokers, others may only allow crypto-to-crypto trading (such as BTC/ETH, USDT/BTC, etc). 

Leading cryptocurrency exchanges are usually regulated, and to start using them, you must register your account and provide your ID to verify it. However, it only refers to the exchanges that support fiat-to-crypto transactions. The exchanges based on crypto-crosses may only require an email, as you only need to link your crypto wallet to start trading with them.

How We Reviewed the Best Crypto Exchanges – Things You Need to Consider

Knowing how crypto exchanges work, including both CEX and DEX platforms, is step one – following that is choosing from the hundreds of options in the industry, many of which may not be a good fit for you. They can have extra hidden fees, poor security systems, complicated platforms, and can lack other simple services causing you to end up with a poor trading experience. 

To have a productive trading experience, it is also crucial which crypto exchange you use. It means you must research and check their qualities before deciding. Here is what to consider when you select a cryptocurrency broker. 

Regulation

Despite abundant cryptocurrency exchanges, very few are regulated and licensed by financial institutions. Trading with a regulated cryptocurrency exchange makes you more confident that the safety of your funds is guaranteed.

Security Systems

Cryptocurrencies are quite attractive to hackers, so there can frequently be malicious loins and attacks on your profile. You should select a cryptocurrency exchange with robust security mechanisms to avoid becoming their victim and losing your assets. Ensure your broker possesses stop-notch security features, such as 2FA, whitelisting, biometrics, etc. 

List of Supported Coins

When you step into cryptocurrency trading, in most cases, you do not want to trade just one or two crypto assets but have multiple choices. This strategy, known as portfolio diversification, helps reduce the risks. The point is that you invest in competitor crypto pairs, and when one decreases its value, the second one is likely to go up. Hence, you need to select an exchange that will provide a large selection of assets and support the most popular and trending cryptos. See our guide to the best cryptos to buy right now.

Trading and Non-trading Fees

The pricing structure is among the first things you must consider before you select a cryptocurrency exchange. Your productive trading experience mainly depends on the fees the crypto broker charges. Crypto exchanges usually charge two types of fees – trading and non-trading. 

As trading fees, the broker may charge commissions or spreads, or both of them. Non-trading fees usually include withdrawal and deposit fees, account management fees, inactivity fees, etc. Check out the pricing structure of all the brokers you are considering using to make sure you select the one with the most competitive fees. 

Trading Tools and Features

Leading cryptocurrency exchanges do not offer only a simple platform to buy or sell cryptocurrencies. They support a wide range of trading tools and features for different types of traders. Best crypto exchanges have advanced tools and charts, pricing alerts, and other features that could help you significantly while trading. 

Trading Platforms

Another crucial thing to consider is the supported trading platforms. Since trading can be complex for beginners, but simple platforms can bore advanced traders, cryptocurrency exchanges usually provide different trading platforms for types of traders. They can offer standard accounts for beginners and more professional ones for expert traders, so check out if the platform is not complicated.

Meanwhile, if you still need an alternative to the platforms mentioned in this guide, check out P2B. For more information about this exchange, read our P2B review.

Crypto wallet

Many cryptocurrency exchanges also provide their digital crypto wallets, hot-storage wallets designed to store crypto assets securely. These wallets are not simply designed for keeping cryptos but also have an in-built platform to exchange between multiple cryptocurrency pairs. 

Payment Methods

It is also essential to check what payment options your cryptocurrency exchange supports and what are the deposit and withdrawal fees for each of these methods. Leading crypto brokers support ACH transfers, bank transfers, bank cards, and e-wallets, but each has different transaction speeds and pricing. 

Customer Support

Customer support will be necessary if you face difficulties during the trading process. Hence, make sure that the crypto broker you want to trade with provides a live chat, phone call, or another support method to reach them and solve your problems quickly. 

How to Open a Cryptocurrency Trading Account?

For those who want to buy bitcoin or other cryptocurrencies but don’t know how to start trading, we have introduced a detailed guide to explain all the steps. We used Coinbase as an example, but most exchanges and brokers’ processes are almost identical. 

Step 1 – Open an Account

Almost all the cryptocurrency exchanges that support buying Bitcoin with fiat currency will require you to register for an online account. Visit the Coinbase website or download the mobile app, which is free, and get started.

Step 2 – Verify Your Account

For security purposes, it is mandatory to go through the Know-Your-Customer (KYC) process and verify your account correctly. There can be several levels of verification: in most cases, all the exchange requires is an email address, phone number, and ID verification. 

Step 3 – Make a Deposit

Coinbase will verify your account quickly once all the documents are provided. After you finish with verification, you can jump to charging your account. You can deposit funds in your account in various fiat currencies.

Step 4 – Start Trading Cryptos

Once your account completes all the necessary steps, you can start trading. First, decide which coin you want to buy and type its name in the search toolbar. For example, if you want to buy Bitcoin, write BTC and click on the first result, then enter the amount to purchase and complete the transaction. The purchased BTC will then be stored securely in the Coinbase wallet.

Conclusion

Selecting an appropriate cryptocurrency exchange is an essential step in trading. When you trade cryptocurrencies, you already put your capital at risk. Hence, you must be careful with your broker and use a trustworthy and cost-effective option.

The exchanges and brokers listed in this article have various different features. We would recommend Coinbase as our top pick, especially for beginners, as it has an easy-to-use interface, competitive trading fees, a good selection of cryptos, and a strong security track record.

Visit Coinbase

FAQs

What is the best crypto exchange for beginner traders?

Coinbase is the best cryptocurrency exchange for beginners: it has a simple and easy-to-use user interface, strong security track record and a good selection of tokens to purchase and trade.

What is the best crypto exchange for advanced traders?

Binance is the best crypto exchange for advanced traders due to its enormous selection of trading tools, sophisticated charts, and graphs.

Which cryptocurrency exchange has the most coins?

Binance is the best cryptocurrency exchange with an incredible selection of assets. It supports more than 600 cryptocurrencies.

What crypto exchange has the best mobile app?

Bitstamp has the best mobile app which is highly rated both on App Store (4.8) and Play Store (4.2).

Which crypto exchange is the safest in terms of regulation?

Coinbase is the safest crypto exchange in terms of regulation.