A LIST OF TOP CRYPTO BROKERS

(UNBIASED REVIEWS)

Crypto is one of the buzzwords nowadays. As the size of the crypto market expands, you have more options than ever before. You have plenty of crypto brokers and exchanges to choose from. So, in this guide, we’ll tell you what the best crypto exchanges are.

How crypto exchange works

How crypto exchange works

Contents

WHAT IS A CRYPTO EXCHANGE?

What is a crypto exchange

Before I tell you the juicy stuff, I want to explain something. I know some of you are here for the first time. So, I want you to have a relaxing experience reading this.

First, let’s talk about what a crypto exchange is. Crypto exchanges allow traders to buy, sell, and convert various cryptocurrencies. They are required for cryptocurrencies to be traded at the current scale.

Some exchanges give the most competitive pricing. In comparison, others specialize in native platforms. Now you may be wondering why these specific exchanges provide crypto trading. Many brokers or financial organizations don’t offer crypto trading. Why?

Because of the crypto market’s decentralized nature. So, here comes the exchanges. They are the most important part of the crypto world. Without exchanges, you’d have to find another individual ready to trade cryptocurrency.

And you agree on an exchange rate. The coins would then have to be sent directly to each other’s wallets. Hearing this may have made your head spin, as this is a complex process. So, we have crypto exchanges that help us make crypto trading easier.

HOW DOES A CRYPTO EXCHANGE WORK?

How crypto exchange work

Now that you know what a crypto exchange is, here’s another important question:

“How does a crypto exchange work”? There aren’t any complex readings in this. So, bear with me:

The platform determines how cryptocurrency exchanges operate. Most crypto trading platforms are centralized exchanges that operate as brokers.

They function as middlemen between buyers and sellers. You can deposit funds into exchanges to buy cryptocurrencies.  Or, you can deposit another cryptocurrency to trade.

It’s a practice known as crypto-to-crypto spot trading. You can expect to pay a charge when converting one cryptocurrency to another. Think of when you exchange one currency for another.

HOW TO CHOOSE THE CRYPTO EXCHANGE?

Here’s another question many new traders search for: “How to choose a crypto exchange”? Thankfully, we have covered it (but more on that later).

You need to remember some factors. The primary factors to consider are functionality and security measures. Your preferred exchange should contain the majority, if not all, of the services you want.

  • Whether you can trade fiat-to-crypto trading

    Whether you can trade fiat-to-crypto trading

  • Liquidity

    Liquidity

  • Particular coins you wish to trade

    Particular coins you wish to trade (I wanted to trade ApeCoin, but couldn’t).

  • It should also provide extra layers of security against hackers, such as two-factor authentication

    It should also provide extra layers of security against hackers, such as two-factor authentication.

  • Another thing to consider is the ease of use

    Another thing to consider is the ease of use.

  • It is especially important for novice traders who struggle to get familiar with the platform

    It is especially important for novice traders who struggle to get familiar with the platform.

  • It is also necessary to consider geography; not all exchanges will be available in your country

    It is also necessary to consider geography; not all exchanges will be available in your country.

LIST OF TOP 17 CRYPTO BROKERS

List of top crypto brokers

With important questions answered, let’s move to the juicy part. I’m sure you must be waiting for it.

But I had to explain to some of the new audiences. So without further ado, let’s cut to the chase.

    • 1. Binance

      For a good reason, Binance is one of the most popular cryptocurrency exchanges globally. Its low costs and diverse selection of cryptocurrencies appeal to traders of all stripes.

      Binance trading platform

      Binance trading platform

      Product Range

      Low costs, access to hundreds of coins, and complex features for experienced investors distinguish the world’s foremost cryptocurrency exchanges.

      • About 50 different cryptocurrencies are accessible.
      • Low transaction costs.
      • Seven states in the United States have banned it.
      • Not beginner-friendly.

      Trading Costs, Leverage, and Sizes

      Spot trading fee 0.1 percent 0.5 percent for instant buy/sell of more than 50 cryptocurrencies.

      • Peer-to-peer trading has three levels: basic, advanced, and over-the-counter.
      • The minimum trading amount is $10.
      • The firm compensates users in full for any losses.
      • Email is the only way to contact Binance customer service.
      • The disparity between the purchase and sell prices is charged to users.

      Withdrawals and Deposits

      Binance offers the lowest trading costs. Payment options are bank transfer, debit card, and peer-to-peer.

      • Fees for non-immediate and instant purchases are both low.
      • The coin selection is enormous.
      • Account verification issues.
      • The corporate structure is opaque.

      Reputation and Regulation

      Binance trades more than its competitors, Coinbase and FTX. However, It faces regulatory and legal difficulties in the US, the EU, and China.

      • It has quickly taken off in several countries worldwide.
      • Regulators have scrutinized it.
      • Accountable for tax fraud, money laundering, and insider trading.
      Start tradingRead review
    • 2. COINBASE

      People new to cryptocurrencies will enjoy how simple it is to buy cryptocurrencies with Coinbase. However, beginners may consider the cost of such ease.

      Coinbase trading platform

      Coinbase platform

      Product Range

      Coinbase allows traders to purchase, trade, and exchange over 100 tradable cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.

      • A considerable variety of cryptocurrencies are supported.
      • Lower pricing is available with Coinbase Pro.
      • Great user interface.
      • Higher fees than other cryptocurrency exchanges.
      • No access to trade many altcoins.
      • A limited number of fiat currencies.

      Trading Costs, Leverage, and Sizes

      The firm operates two platforms: Coinbase and Coinbase Pro. Each lets you buy, sell, and exchange cryptocurrencies, but each has its own features.

      • Users of Coinbase may trade on a variety of platforms.
      • It operates in more than 100 countries.
      • Advanced trading platform.
      • Coinbase charges a more significant fee.
      • Limit and stop orders are unavailable.
      • Complex fee structure.

      Withdrawals and Deposits

      • Crypto wallets for safe crypto storage.
      • You can also send cryptocurrency from your Coinbase account to your wallet.
      • You can withdraw your money from Coinbase back to your bank.
      • Not for users who want external storage wallets crafted by personal wallet companies.
      • They’re limited in the payment methods they accept.
      • Withdrawal fees for most withdrawal methods.

      Reputation and Regulation

      • Coinbase employs industry-leading security measures to safeguard customer money and assets.
      • High-quality educational materials.
      • They can have better KYC and legal norms for more countries to serve.
      Start trading
    • 3. Kraken

      Kraken, founded in 2011 and debuted in 2013, is one of the world’s largest and oldest crypto exchanges. It is also one of the few US crypto exchanges that offer advanced trading features like margin.

      Kraken trading platform

      Kraken trading platform

      Product Range

      Kraken is an excellent all-around exchange since it’s easy to use for novices and supports over 65 cryptocurrencies. Kraken accepts more than 120 currencies, including Bitcoin, Ethereum, Cardano, Solana, and Dogecoin.

      • A large number of digital assets are available.
      • Fees for advanced traders are low.
      • Offer advanced trading features.
      • Account financing possibilities are limited.
      • Not all states in the United States have it.

      Trading Costs, Leverage, and Sizes

      Kraken provides customers with margin accounts and futures trading, riskier products beneficial for particular trading techniques, and buying and selling bitcoin at market prices.

      • Up to 5x leverage.
      • Advanced API access.
      • Professional trading interface.
      • The trading fee is high.
      • High minimum deposit.

      Withdrawals and Deposits

      • Low withdrawal fee.
      • No deposit fee.
      • Global availability.
      • Withdrawals via cash, credit and debit cards, or third-party payment processors are not available.
      • Limits on deposits and withdrawals are necessary.
      • High minimum withdrawals.
      Start trading
    • 4. CRYPTO.COM

      Crypto.com, founded in 2016, is one of the best crypto exchanges out there that provides traders to buy and sell cryptocurrencies.

      CRYPTO.COM trading platform

      Crypto.com platform

      Product Range

      Crypto.com provides trading experience in more than 250 currency pairs, on-spot trading facilities, cryptocurrency, stocks, and metals. A wide range of crypto coins such as Ethereum (ETH), Bitcoin (BTC), and Cardano (ADA) are also available for trade on the platform. NFTs and ETFs are also traded on Crypto.com.

      • A wide range of cryptocurrency coins (over 90).
      • On-spot trading services.
      • Variety of great assets.
      • Limited crypto-related offers.

      Trading Costs, Leverage, and Sizes

      The maximum amount of up to 100X leverage is provided to the traders. The amount also depends on the total ground exposure to Crypto.com. The initial margin rate of Crypto.com starts at 1%, and the maintenance margin rate is 60%. 0.04% to 0.4% are the maker fees, and around 0.1% to 0.4% are the taker’s fee, plus a total of 2.99% is charged for the credit card purchases.

      • No commission fee is charged.
      • Low minimum deposit limit.
      • Non-standard trade sizes.
      • Larger minimum trade sizes for certain assets.

      Withdrawals and Deposits

      There is no fee and no limit for depositing any amount on Crypto.com. The withdrawal process on Crypto.com Exchange is based on the on-chain transaction of transferring crypto to an altogether external cryptocurrency address. A withdrawal fee is charged when doing a transaction using Crypto.com.

      • 2-4 hour deposit and withdrawal process
      • Affordable deposit fee.
      • No Fiat withdrawals.
      • Sometimes it takes additional time to deposit.

      Reputation and Regulation

      Crypto.com uses various security measures to ensure traders’ better and more secure systems. Multi-factor authentication systems and whitelisting mechanisms keep customer accounts safe. Crypto.com works with local US banks to provide about $250,000 in FDIZ insurance policies.

      • Have US regulations.
      • Customer deposits are also stored offline.
      • No regulations in Europe.
      Start trading
    • 5. CEX.IO

      Cex.io was one of the first cryptocurrency exchanges to accept card payments and bank transfers.

      Cex.io trading platform

      Cex.io platform

      Product Range

      Cex.io is a well-regulated cryptocurrency exchange online platform. It allows traders to trade in various assets, such as cryptocurrency coins, currency pairs, stocks, ETFs, tokens, on-spot trading, and digital trading platforms. Cex.io also provides a trading platform for Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). It is available in 99% of the countries and 48 states of the United States.

      • 100 different digital currencies.
      • Organized cryptocurrency lists.
      • Asset availability depends on the location.

      Trading Costs, Leverage, and Sizes

      Cex.io provide traders with leverage of 10X on Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). A high trading fee of about 0.25% is charged on every transaction. Cex.io offers simple, instant buy options to traders. It charges about 7% of the total amount for the instant buy feature. Cex.io also charges a minimal commission fee of 1% to 2%.

      • Traders can earn rewards by crypto staking.
      • Low spot trading fee.
      • Complicated fee structure.

      Withdrawals and Deposits

      Withdrawal and deposit fees are charged accordingly to the amount of trade. Around 3% plus $1.25 of the total amount if the trader uses a Visa debit or credit card for the transaction. A minimum of $20 is allowed for traders to deposit on the Cex.io platform.

      • Low minimum deposit.
      • Multiple funding channels.
      • Low to zero withdrawal charges.
      • Minimum crypto funding.

      Reputation and Regulation

      Cex.io holds most of the trader’s funds in a cold wallet for a secure and regulated trader’s security, while some are in hot wallets. The exchange done on Cex.io is regulated and licensed in all the countries where it is operated. In the United States, it is regulated under FinCEN under Money Services Businesses (MSB).

      • Well regulated.
      • Positive ratings.
      • Conflict of interests.
      Start tradingRead review
    • 6. Poloniex

      Poloniex offers a wide selection of cryptocurrencies and some of the lowest trading costs of any exchange.

      Poloniex platform

      Poloniex platform

      Product Range

      Over 350 coins and tokens like Bitcoin, Ethereum, Solana, Stellar, Dogecoin, Shiba Inu, and other notable currencies are supported by Poloniex. Traders can also trade volatile currencies such as Baby Dogecoin, Dogelon, and Dogs of Elon.

      • Poloniex offers its customers or traders a pool of majority cryptocurrencies from which to pick.
      • Buy orders, sell orders, and stop-limit orders are all supported trading orders.
      • You can either offer or demand a loan at a specified interest rate at the lending option.
      • There is no support for fiat currency.

      Trading Costs, Leverage, and Sizes

      Poloniex accounts have a withdrawal cost of around 0.0005 BTC each BTC withdrawal, which is much less than the typical industry withdrawal fee.

      • Margin and futures trading.
      • The fee for large and small exchanges is fixed.
      • Low commissions.
      • No advanced order types.

      Withdrawals and Deposits

      • Can make deposits using cryptocurrencies.
      • Deposits and withdrawals are free of charge.
      • Sometimes they have delays in the deposits.
      • Poloniex does not have its digital money wallet.

      Reputation and Regulation

      • It allows access to more than 150 countries.
      • It has a strong market reputation for security.
      • User-friendly platform.
      • The website is a bit slow.
      • Not available in the US.
      Start trading
    • 7. Huobi

      Huobi Global is a cryptocurrency exchange that provides professional trading tools. It offers approximately 350 cryptocurrencies for trading.

      Huobi platform

      Huobi platform

      Product Range

      Huobi presently lists over 380 crypto assets and 200 currencies. Ethereum (ETH 2.0), 1 Inch (1INCH), Binance Coin (BNB), Ripple (XRP), Quant (QNT), HUSD (HUSD), eCash (XEC), NEM (XEM), Verge (XVG), and Symbol are among the coins featured (XYM).

      • Excellent user interface.
      • Over 300 coins and tokens are supported on the primary exchange.
      • High-level cyber security methods are used.
      • Deposits and withdrawals in fiat currency are not supported.
      • The verification procedure takes some time.

      Trading Costs, Leverage, and Sizes

      There are low costs for trading cryptocurrency and higher fees for purchasing cryptocurrency via credit or debit card. Deposits in fiat currency are free, but users must pay trading fees. Perpetual swaps allow for 1x, 2x, 3x, and greater leverage, with the maximum leverage allowing for 200x.

      • Cheap cost for trading.
      • Users can purchase insurance coverage to protect their assets kept in the exchange.
      • There are no MetaTrader platforms.
      • New consumers have no leverage.

      Withdrawals and Deposits

      It requires a minimum of $100 with an international wire transfer fee of 1% of your total deposit. The exchange restricts users who have not completed ID verification from withdrawing more than 0.06 BTC. The daily withdrawal limit has been doubled to 200 BTC for verified individuals.

      • Faster payments.
      • SWIFT international transfer.
      • Bank transfers and credit/debit card payments.
      • It limits withdrawals for unverified customers.
      • Not beginner-friendly.

      Reputation and Regulation

      Huobi is operating an unauthorized organization in Seychelles, which has resulted in a long list of nations where the exchange is prohibited from doing business.

      • High-level cyber security methods are used.
      • The customer service team responds quickly.
      • Generally unregulated.
      Start trading
    • 8. Bybit

      Bybit provides a comprehensive set of advanced trading tools. It provides excellent security and a no-downtime guarantee.

      Bybit platform

      Bybit platform

      Product Range

      About USD, you can trade perpetual crypto derivative contracts in Bitcoin, Ethereum, EOS, and Ripple.

      • It offers 15 currencies, depending on the type of trade you wish to perform.
      • Futures and perpetual contracts trade at the same time.
      • There is a minimum entrance requirement. A BTC/USD futures contract costs one dollar.
      • USDT, BTC, and ETH are the only cryptocurrencies available.
      • Traditional cryptocurrency has a nearly underdeveloped mechanism.

      Trading Costs, Leverage, and Sizes

      • Deposit fees are not charged, although all transfers are subject to a miner’s fee.
      • Trading commissions are moderate.
      • Runs on a “maker-taker” fee structure.
      • Leverage may enhance the risk.

      Withdrawals and Deposits

      • It does not charge a fee to deposit cryptocurrencies.
      • Users of the platform have nearly unlimited trading and withdrawal options.
      • Withdrawals are handled three times a day.
      • Deposits are only accepted in Bitcoin.
      • It does not accept any fiat money deposits.

      Reputation and Regulation

      • It is a trustworthy cryptocurrency exchange.
      • Although it has no insurance, it keeps a reserve fund.
      • Bybit has created a mutual insurance feature, a risk management tool that allows customers to protect themselves against market fluctuations.
      • There is no system in place to defend traders’ interests in the case of a dispute.
      Start trading
    • 9. Okex

      OKEx is a cryptocurrency exchange that uses blockchain technology to provide superior financial services to traders worldwide.

      Okex platform

      Okex platform

      Product Range

      • Fiat is accepted for deposits, withdrawals, and peer-to-peer trading.
      • Almost all crypto assets are available.
      • The assets have been neatly organized.
      • There are no trading pairs with fiat currencies.
      • Fiat currency is immediately transformed into cryptocurrency.

      Trading Costs, Leverage, and Sizes

      • Fees are categorized into asset classes (there are three main classes).
      • Fees are reduced when trading volumes are high.
      • Trading volumes are recorded every day, so there’s no need to wait until the next month to save money.
      • Whether a trader is a market maker or a market taker determines the structure.

      Withdrawals and Deposits

      • Deposits and withdrawals can be made in fiat currency.
      • Cryptocurrency deposits are free.
      • It features a minimal withdrawal charge of 0.0005 BTC for bitcoin, 0.01 for Ethereum, and 0.15 for Ripple.
      • Substantial lags are owing to the system’s workload.
      • Only in the event of full or partial verification is it possible to withdraw.

      Reputation and Regulation

      • OKEx is a VFAA-compliant trading platform registered in Hong Kong and Malta.
      • The exchange’s management is concerned about the security of its client’s funds.
      • A sophisticated fund password for trading and withdrawals.
      • Not regulated in the US.
      Start trading
    • 10. Bitfinex

      Bitfinex is a well-known cryptocurrency exchange for experienced traders. The exchange has various innovative features, low costs, and supports around 250 supported coins.

      Bitfinex platform

      Bitfinex platform

      Product Range

      • Bitfinex provides traders with a wide range of assets.
      • It has an extensive cryptocurrency range.
      • It has exceptional currency and stock assets.
      • Market risks related to security are involved while trading through Bitfinex.

      Trading Costs, Leverage, and Sizes

      The Bitfinex trading platform charges a minimum standard trading fee of $0.10 to $0.20. It charges a wire fee of around 0.100% of the total wired amount (minimum of 60$). Bitfinex offers leverage of up to 100x. It charges the traders a minimum trading fee of 0.2% for each trade.

      • High leverage ratio.
      • Competitive spreads.
      • Minimum trading fee.
      • Trading conditions and costs are not correct all the time.

      Withdrawals and Deposits

      On Bitfinex, stable coin and crypto deposits are completely free. For withdrawal, Bitfinex charges a fee of 0.1% of the total amount.

      • Relatively low withdrawal and deposit fees.
      • Easy withdrawal and deposit process.
      • Fiat currency withdrawals typically take up to ten days.
      • It takes a lot of time for deposits and withdrawals.

      Reputation and Regulation

      Bitfinex is regulated by the CFTC’s firm regulatory body, which has the power to regulate all commodities in the United States. Bitfinex provides traders with a full back-end security confirmation, like DDoS protection and the real-time backup data option.

      • Well regulated.
      • The company has been hacked several times.
      Start trading
    • 11. Bitmex

      BitMEX is a trading platform built for experienced margin and leverage traders. The platform is used to create perpetual contracts based on margin trading.

      Bitmex platform

      Bitmex platform

      Product Range

      Bitmex is a margin trading and leveraged trading platform. It is an advanced system for peer-to-peer lending. Other services include expanded perpetual swaps with improved trading system security.

      • It’s a Bitcoin derivatives platform for trading by professionals.
      • You can trade currency immediately using the Bitmex trade engine.
      • It contributes to the value creation of Bitcoin and other crypto coins.
      • Bitmex exclusively accepts Bitcoin and associated coins.
      • Users in the United States are not eligible.

      Trading Costs, Leverage, and Sizes

      • Trading commissions are minimal.
      • 1:100 leverage is available while trading Bitcoin.
      • Bitmex has some of the most affordable fees in the cryptocurrency trading world.
      • The possibility of significant losses as a result of excessive leverage.

      Withdrawals and Deposits

      • Bitcoin deposit and withdrawal fees are not charged by Bitmex.
      • It’s also free to deposit Tether USD.
      • This is a platform for trading crypto to crypto that does not accept fiat deposits.

      Reputation and Regulation

      • Bitmex was permitted to exist without trying to authenticate its identity or needing licensing due to exchange in Seychelles.
      • It doesn’t have any reputable regulations.
      Start trading
    • 12. KuCoin

      KuCoin’s extensive features, lower fees, and a wide choice of coins can benefit experienced cryptocurrency traders the most.

      KuCoin platform

      KuCoin platform

      Product Range

      KuCoin users can check the markets and buy and sell cryptos. Margins, futures, and peer-to-peer trading are also offered.

      • Users can purchase, sell, and trade more than 600 cryptocurrencies on KuCoin.
      • You can directly store your crypto assets on an exchange or connect third-party wallets.
      • Trading bots, leverage, and margins are all available.
      • You can buy Bitcoin using fiat money, but you’ll have to use a third-party app.
      • KuCoin’s asset list is difficult to navigate if you’re new to cryptocurrencies.

      Trading Costs, Leverage, and Sizes

      • You can trade currencies with 5x leverage.
      • Depending on your tiers, the trading costs on KuCoin range from 0.0125 percent to 0.1 percent.
      • There are high fees when buying cryptocurrency with fiat currency, i.e., 3–12%.

      Withdrawals and Deposits

      • The costs for withdrawals differ by cryptocurrency.
      • KuCoin has no fees for deposits.
      • Fiat withdrawals are not supported.

      Reputation and Regulation

      • Internal risk management teams monitor all activity regularly.
      • Certain critics praise KuCoin’s minimal costs, and a wide variety of cryptocurrencies are praised by certain critics.
      • KuCoin has KYC authentication and security protocols that are industry-standard.
      • KuCoin is not governed by any respectable regulatory body.
      Start trading
    • 13. Paxful

      If you’re seeking a peer-to-peer crypto exchange, Paxful could be a good alternative.

      Paxful platform

      Paxful platform

      Product Range

      Paxful is available in around 190+ different countries. It provides traders with the trading facilities of cryptocurrencies, currency pairs, peer-to-peer trade facilities, ETFs, bonds, and stocks.

      • Peer-to-peer trade.
      • All products are available in all countries.
      • Very few cryptocurrencies are available for trade.

      Trading Costs, Leverage, and Sizes

      Compared to other cryptocurrency sites, Paxful has a low fee format. A 1% service fee is charged on the total amount for processing transactions. There is no transaction fee for buying or selling Bitcoin on Paxful. Most of the time, this fee varies between 0.1-5%.

      • No commission costs except for the share price.
      • No fee is charged on buying cryptocurrency coins.
      • Low leverage.

      Withdrawals and Deposits

      A withdrawal fee of $5 is charged on each transaction. Traders are expected to pay a 1% (0.0005 BTC) fee of the total withdrawal amount. The deposit fee is dependent on the total amount deposited and varies from time to time.

      • Peer-to-peer transactions.
      • Minimal fee.
      • Extensive range of funding options.
      • Less crypto funding options.

      Reputation and Regulation

      The Paxful crypto website is provided by BitGo, which supports multi-signature wallets.

      • It gives the user a safe and secure alternative.
      • Multiple insurance companies and sites secure this peer-to-peer exchange.
      • Not regulated by any reputable authority.
      Start trading
    • 14. PrimeXBT

      PrimeXBT is a one-stop trading platform that allows you to trade cryptocurrencies and the majority of major stock indices, commodities, and forex.

      PrimeXTB platform

      PrimeXBT platform

      Product Range

      • Both digital options and binary options are offered on PrimeXBT.
      • Plenty of tradeable products.
      • Few trading pairs are available for the trade.

      Trading Costs, Leverage, and Sizes

      • Leverage up to 1:1000 for all the assets.
      • The commission starts at 0.0001% and gradually increases throughout.
      • No trade on spot facility.

      Withdrawals and Deposits

      • The withdrawal and deposit processes are straightforward.
      • The minimum deposit limit is $1.
      • It charges the traders a 0.0005 BTC fee for withdrawing their funds.
      • PrimeXBT charges the traders an overnight finance fee.

      Reputation and Regulation

      • PrimeXBT is secured with 2FA account security and prevents unauthorized access to the user’s account.
      • PrimeXBT uses Cloudflare to mitigate potential distributed denial of service for attacks.
      • PrimeXBT is not available in several countries.
      Start trading
    • 15. FTX

      FTX is a rapidly expanding cryptocurrency exchange with advanced features like margin and futures trading.

      FTX trading platform

      FTX trading platform

      Product Range

      FTX is a controlled worldwide cryptocurrency exchange that sets itself apart from the competition by delivering cutting-edge products like futures, options, and leveraged tokens. It supports over 300 different cryptocurrencies.

      • Margin trading is available.
      • Futures, equities, currency, and other sophisticated markets are all available.
      • FTX guarantees liquidity for all its users.
      • No demo account.
      • Full global exchange is not available in the US.
      • Limited cryptocurrency selection.

      Trading Costs, Leverage, and Sizes

      FTX charges cheap costs for cryptocurrency trading and offers a good array of digital assets. FTX can trade across cryptocurrencies and several national currencies.

      • FTXs transaction fees vary based on whether you use its desktop or mobile platform.
      • It allows you to get 20x leverage.
      • You can hold and stake FTX’s token (FTT).
      • FTX users may also be subject to withdrawal fees and fees for trading or creating leveraged tokens.
      • Not suitable for beginners.
      • FTX charges 0.02% for makers and 0.07% for takers.

      Withdrawals and Deposits

      • Multiple deposits and withdrawal options.
      • You can withdraw in fiat currencies.
      • Expensive USD withdrawal fees.
      • FTX is not permitted for the residents of the United States.

      Reputation and Regulation

      • A custom-built hot and cold wallet solution.
      • Relationships with industry-leading custodians.
      • Full external backing of all hot wallet funds.
      • KYC rules restrict activity.
      • Limited support options.
      • No live chat support.
      Start trading
    • 16. TurboXBT

      TurboXBT is a cryptocurrency trading platform that allows you to exchange digital currencies.

      TurboXBT trading platform

      TurboXBT trading platform

      Product Range

      You can trade bitcoin stock indices, forex pairs, trading pairs, fiat currencies, crude oil, coins, precious metals, other commodities, and underlying assets.

      • Beginner-friendly trading platform for short-term traders.
      • Demo trading accounts.
      • Withdrawals requested by users are always entertained and cleared soon.
      • Need necessary documents for verification.
      • No long-term trading.
      • Not available in the US, Canada, Japan, or Russia.

      Trading Costs, Leverage, and Sizes

      TurboXBT provides access to the NASDAQ, S&P 500, and GER30’s most popular stocks. TurboXBT does not impose fees on trades.

      • Up to 90% instant profits depending on the chosen instrument.
      • Traders may open a new account with a minimum deposit of $1.
      • On successful transactions, TurboXBT levies a 10% premium.
      • Before trading, an upfront deposit is required.

      Withdrawals and Deposits

      • Credit card issuers are exempted from processing fees.
      • It doesn’t charge a commission on trades.
      • Convenient deposit methods.
      • Only cryptocurrencies can be deposits and withdrawals.
      • Withdrawals take more time.
      • The speed of the withdrawal depends on the network.

      Reputation and Regulation

      • TurboXBT offers an advanced security infrastructure.
      • TurboXBT’s crew examines withdrawal requests for evidence of fraud.
      • Easy to use for all users.
      • TurboXBT is less capable of providing exceptional service.
      • Assisting with fraudulent activities is not guaranteed.
      Start trading
    • 17. EXMO

      EXMO is one of the most prominent cryptocurrency exchanges for buying, trading, and selling digital currencies. A spot market, an OTC desk, and cashback benefits are among the services offered by the exchange.

      EXMO trading platform

      EXMO trading platform

      Product Range

      • EXMO customer service is 24 hours a day, seven days a week.
      • The exchange supports 182 different cryptos.
      • It doesn’t offer margin trading.
      • Clients in the United States are unable to use the platform.

      Trading Costs, Leverage, and Sizes

      You may buy and sell cryptocurrencies such as EXMO, Bitcoin, DASH, Ethereum, Litecoin, Dogecoin, Tether, Monero, EOS, etc.

      • Increased commissions for referrals.
      • EXMO does offer trading bonuses.
      • There are no training programs or investment programs available.

      Withdrawals and Deposits

      • Accepts a variety of fiat currencies for deposits and withdrawals.
      • Individuals can use Etana or a SEPA bank transfer to deposit USD and EUR with no expenses.
      • Withdrawals and deposits might take a long time at times.
      • Transactions are subject to several transfer limitations imposed by the platform.

      Reputation and Regulation

      • EXMO is presently available in more than 200 countries worldwide.
      • Exmo does not accept traders from the United States.
      Start tradingRead review

FAQs

  • Which is the best cryptocurrency exchange?

    There is no single optimal exchange. However, the best cryptocurrency exchanges have excellent security mechanisms, cheap costs, several payment alternatives, an accessible platform, and availability on both mobile and desktop.

  • Which cryptocurrency exchange charges the lowest fees?

    Binance is the top crypto exchange for cheap trading costs among all the above exchanges. Its discount programs enable active traders to take advantage of even lower prices.

  • Which is the safest crypto exchange?

    The security of a cryptocurrency exchange is determined by whether it is centralized or decentralized. Among our list, Crypto.com is the most secure centralized exchange.

  • Is Binance or Coinbase better?

    Binance is better suited to users knowledgeable with cryptocurrency terminology and investment alternatives, whereas Coinbase is designed for quick and straightforward trading.

  • What is the best crypto exchange for day trading?

    Because cryptocurrencies are recognized for their volatility, they provide good day trading opportunities. Coinbase is the most popular platform for day trading, according to our list.

Final Thoughts

Final Thoughts

So there you go! I have explained everything in detail. Now you can easily select the crypto exchange.