The cryptocurrency world continues to grow, and with that comes new offerings. As a newbie to the crypto world it can be hard to know where to start. Here you will find the best crypto exchanges and what they have to offer you.
From supported tokens and fees to customer service, wallet security, minimum account balances – we’ve got everything covered in our roundup of today’s top cryptocurrency exchanges.
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The Best Crypto Exchanges we Reviewed in November 2024:
- eToro: Looking to buy or sell some crypto? eToro just might be the Overall Best Crypto Exchange worldwide.
- OKX: has got your back if you’re more of a 340+ token kind-of person.
- Kraken: offers an extra bit of security since it’s never been hacked.
- DeFi Swap: keeps things decentralized with useful trading features.
- Bitstamp: takes care of cost effective transactions come trade time!
- Coinbase: helps you start on your first investment.
- Binance: ensures commissions stay low for serious traders out there.
- Webull: boosts small investment opportunities
- Huobi: encourages digital savings accounts.
- Gemini: make sure beginners are welcome too!
- Bybit: it’s here for those looking to take huge trades.
- Crypto.com: easy crypto purchases via debit card?! Look no further.
- Paxful: peer-to-peer cryptocurrency exchanger, wallet and marketplace.
- Changelly: is an instant cryptocurrency exchange with the best exchange rates for BTC, ETH, XRP, ADA and 500+ other digital assets.
The Top Crypto Exchange Platforms Fully Reviewed
Below we are going to take an inside look at the top 9 Bitcoin exchanges for 2023. Our criteria are based on low fees, security, support, and market availability.
1. eToro – Overall Best Crypto Exchange for 2023
With eToro, crypto trading is more accessible than ever – there are over 75 cryptos to choose from and no deposit fees! Whether you fund with PayPal, debit/credit cards or even a bank wire, it’s easy to get started.
Even if all you got in your pocket is 10 bucks- that’ll cover the minimum deposit requirement so don’t wait another minute before diving into this exciting world of cryptocurrency! Best of all? They’ve also got their own credit card so now you can go wild shopping with Bitcoin (but save some change just in case).
eToro is known as one of the best crypto exchanges around. They offer more than 75 different cryptocurrencies to choose from and you do not have to worry about deposit fees. Getting started is quick and easy no matter where your funds are including PayPal, debit/credit cards, or bank wire.
They have a minimum deposit of $10, which is lower than any other exchange on the market. eToro has its own credit card, which means you will be able to shop and pay with Bitcoin. This platform has several crypto portfolio features that will automatically reweigh, rebalance and manage your account.
They also offer DeFi coin and DAO coin portfolios. With their mobile app, you will be able to sell, trade, or buy crypto anytime you like. eToro has a lot of diversity including thousands of stock options, ETFs, securities, and even Forex options.
eToro has several features aimed at ADA, ETH, and TRX, which allow you to earn up to 6.25% APY. However, be sure you never invest more than you are comfortable losing. This platform is secure as it is regulated by SEC which is a member of FINRA. The broker also holds licensing through CySEC, ASIC, and FCA.
More About eToro Crypto Exchange
You don’t want to leave your financial future up in the air? Then, take it by its horns and check out eToro. It helps you stay ahead of the latest trends with daily updates on which cryptos are hot – or not!
You can set yourself up for success through their Crypto Portfolio featuring more than a dozen digital assets that get reweighted, rebalanced, and managed automatically.
And if day trading is what interests you (with low risk), why not copy another one of their traders?! If all this sounds too overwhelming – fear no further as there’s also an effortless DeFi coin portfolio option & DAO coin portfolio!
Mobile App
An eToro mobile app is also available to download for free. This gives investors the opportunity to trade crypto on the move.
Other Features & Products
eToro is a great choice to diversify your portfolio with thousands of stocks, ETFs, securities and Forex options. You can even explore the world of cryptocurrencies – if you’re feeling daring enough!
Take advantage of eToro’s staking feature for ADA, ETH or TRX to earn up to 5-6.25% APY…but remember that any big wins come at some risk; always make sure not to invest more than what you’d be comfortable losing.
In terms of security, eToro is regulated by the SEC and is a member of FINRA. The broker is also licensed by CySEC, ASIC, and the FCA. See our full eToro review.
My Opinion About eToro:
Some of the features I liked more than others, but overall, what I liked is:
- Over 75 cryptocurrencies to trade
- Minimum $10 deposit
- Zero Transaction Fees + Spread
- The fee to Buy Bitcoin is low: 0.75%
- Regulated by numerous top-tier entities
- Accepts credit/debit card and PayPal deposits
- User-friendly trading app
- Transparent 1% fee on purchase or selling of cryptocurrency.
2. OKX
OKX is a global decentralized crypto exchange. It has more than 20 million users that span across 200+ countries. They offer trades on more than 340 popular cryptocurrencies. This includes hard-to-find cryptocurrencies that are not offered with other exchanges.
OKX supports credit cards, debit cards, e-wallets, and wire transfers. Trading fees are 0.10% or less. They have a lot of neat features including a P2P crypto exchange, built-in crypto wallet, and mobile app. They also support crypto savings accounts and staking for several popular tokens.
Crypto investors can earn interest up to 12% APY. OKX also allows traders to borrow against their crypto to increase their available capital. Rates for this are as low as 1% APR. You have instant buy options, which means traders can buy coins at current market rates.
If you are a pro, you will enjoy OKX’s in-depth features such as charting platforms and order book data for all tokens. You have complete control over your trades and risk managment, as you have access to limits, stop, and conditional orders.
They offer top new Altcoins including Tamadoge (TAMA), City Chain (CITY), Flamengo Fan (MENGO), Sweatcoing (SWEAT), and Ethereum PoW (ETHW).
Highlights of OKX
- Trade 340+ cryptocurrencies
- Lists new crypto projects
- Supports crypto savings accounts and crypto staking
- Borrow crypto from 1% APR
- Advanced charting and trading platform
- Integrated mobile wallet
3. Kraken
Kraken is a top choice for those who are concerned with security. With more than 10 years in operation, this exchange has never been hacked. They work with several financial regulation entities around the world.
When you choose Kraken you can have peace of mind that your investments are well protected. They have a two-factor verification system, PGP (Pretty Good Privacy) email encryption, as well as a master account lock. In addition to all of this, they also offer cold storage wallets.
They offer more than 185 different cryptocurrencies, which means they will cater to anyone looking to dabble in the crypto marketplace. You can expect low trading fees on all major trade tokens.
Highlights of Kraken
- Security-first approach
- Never been hacked
- Added security options for users
- Complies with numerous global financial regulators
- Small deposit amount and purchasing fee
4. DeFi Swap
DeFi Swap is new to decentralized exchange (DEX) and is hosted on Binance Smart Chain (BSC). They offer a wide spectrum of trading options that appeal to beginners and pro investors.
Options include token swapping, staking, and yield farming mechanisms. All can be accessed through DeFi Swap’s platform. This exchange can connect with the best crypto wallets, which means you will not have to worry about centralized intermediaries.
Basically what this means is that users will not need to verify themselves or go through any KYC checks. It only takes seconds to set up a DeFi Swap wallet through MetaMask or WalletConnect. This will allow you seamless trading options.
DeFi offers over 50 of the best altcoins and stablecoins, which include BNB, USDC, USDT, DAI, and much more. You can control your slippage tolerance, as well as transaction deadline and risk tolerance.
Highlights of DeFi Swap
- Can link with top crypto wallets like MetaMask
- Offers swapping, staking, and yield farming services
- Can generate passive income by holding DEFC
- It supports over 50 coins
- It doesn’t require verification or KYC checks
5. Bitstamp
Bitstamp offers over 70 different cryptocurrencies and has very low fees. Fees start at 0.50% per trade but can drop to 0.25% once you have hit a threshold of $10,000 in monthly trade volume.
UK-based users have the advantage of funding their accounts via wire transfer free. Withdraws can also be made through this approach with no fees. Users are also able to buy crypto using a credit or debit card, however, there is a 5% transaction fee with this method.
Bitstamp allows users to begin trading with only $10. Which is great for those who are new to the game and want to test out the platform first. Bitstamp offers a $20 sign-up bonus when you use a referral link. This means you can begin growing your portfolio with free crypto.
They are known to be one of the most user-friendly exchanges in the crypto industry. You can choose from their two web-based platforms or mobile app to get started.
It is a very straightforward interface and has easy-to-use features which makes it ideal for newbies. If you are a pro, you can check out Bitstamp Tradeview. This platform is catered to more experienced traders.
The Bitstamp Mobile App is available for IOS and Android. It includes features such as biometric authentication.
Highlights of Bitstamp
- Over 50 coins to trade
- Low trading fees
- Free ACH deposits
- Numerous trading platforms to opt for
- Free withdrawals
6. Coinbase
Coinbase is noted as being one of the best crypto exchanges for beginners. It currently has more than 70 million users, which proves it’s one of the best on the market. You can set up an account within minutes, and instantly start investing in cryptocurrency. You can use debit/credit cards but you will be charged a 3.99% fee. If you want to save some money, you can opt to deposit your funds through ACH, which has a fee of 1.49%.
At the moment, Coinbase is offering a signup bonus. All new users will receive $10 for free in Bitcoin. This exchange happens to be one of the safest cryptocurrency exchanges. They keep most user’s digital funds in cold storage, identify new customers, and require new users to set up two-factor authentication.
As a bonus, Coinbase has a full security team that works around the clock to ensure your accounts are safe. If you have an interest in crypto staking and loans, Coinbase is a great platform for you!
Highlights Of Coinbase
- User-friendly mobile app interface
- Can purchase crypto using credit/debit card and PayPal
- Great educational content
- Two-factor authentication offered on mobile app
7. Binance
Binance has the lowest commissions, as well as being the best P2P crypto exchange. ETH/BTC can be traded on this platform for as little as a 0.10% fee. They support more than 60 of the best DeFi coins, as well as top cryptocurrencies.
When signing up on the Binance website you become eligible for a $100 Binance bonus. Binance is not as secure as other crypto exchanges and this has become a problem for some users. Binance is not licensed or regulated by the SEC.
You can access this exchange through their website or they do have a mobile app that is compatible with IOS and Android. You can buy several digital assets including Terra Luna, AAVE, as well as other digital currencies while taking advantage of low transaction fees.
They offer more than 600 different types of cryptocurrencies and span across 60+ locations. If NFTs are your thing, you are in luck. Binance works with the NFT marketplace, which means you can invest in the best NFTs.
Highlights Of Binance
- Huge range of cryptos to trade
- Low trading fees
- Trading platforms for beginners and advanced investors
- Dedicated staking service
8. Webull
Webull has a low altcoin exchange in terms of account minimums. Buying or selling crypto on Webu only requires a $1 stake. This remains true no matter how much the crypto asset is that you trading. This can be ideal for expensive options such as Bitcoin and Ethereum.
In addition, you will not need to worry about meeting minimum deposits, as all supported crypto can be traded commission-free. This includes US stock options, equities, and EFTs. Webull is great for beginners, but it also contains advanced charting tools for those who are experts.
It is regulated by the SEC, which means they do place a concentration on security. You can make deposits via ACH for free, but wire transfers are $8. They have an app that will work with IOS and Android.
Highlights of Webull
- No transaction fees to open trade
- Minimum position size only $1
- Real-time market data & charting features
- Two-factor authentication offered
- $5 reward when completing first crypto trade
9. Huobi
Huobi is a great exchange for those who are looking for capital gains and regular income. Not only does Huobi offer hundreds of crypto markets but also a crypto savings account. This account allows you to earn interest on idle investments.
Huobi offers over 400 different cryptocurrencies. You can sell your digital assets on Huobi for a 0.2% maker/taker fee. Lower rates are offered for those who are trading larger amounts. Huobi uses a maker-taker price structure. This means you can enjoy more competitive commissions.
Highlights of Huobi
- Low trading fees
- Numerous derivatives markets offered
- Huge range of cryptos to trade
- Crypto savings accounts offered
The Best USA Crypto Exchanges Compared
| Exchange | # of Supported Coins and Tokens | Mobile App | Rewards Offered |
|---|---|---|---|
| eToro | 75+, Plus 500+ Pairs | Yes | Bonus for making your first deposit, referring your friends, and trading options contracts |
| OKX | 340+ | Yes | Earn $10 in BTC by purchasing at least $100 worth of crypto in the first order |
| Kraken | 185+ | Yes | There is no minimum On-chain staking time needed to earn rewards. You start earning pro-rated rewards for On-chain staking as soon as your instructions to stake are processed by Kraken |
| DeFi Swap | 50+ | Yes | The offered reward varies based on the rates from Compound and market conditions. |
| Bitstamp | 70+ | Yes | Earn cryptocurrency rewards in exchange for holding assets for a certain amount of time |
| Coinbase | 100+ | Yes | You can earn rewards simply by buying and holding dollar-pegged stablecoins like Dai and USD Coin (USDC) |
| Binance | 1,000+ Markets | Yes | Depending on the activity or your participation on the Binance platform, we’ll send different types of vouchers to your Reward Center |
| Webu | 44+ | Yes | Every successful referral will grant you 2 free stocks, each valued between $12-$1400! |
| Huobi | 200+ | Yes | You can claim your sign-up reward after signing up on Huobi. |
How to Use a Crypto Exchange in the US
Here you will find guidance on how to get started with a crypto exchange today. Follow the steps below for eToro and you can be making your first deposit within 10 minutes.
Open an Account
When you first visit eToro you will be asked to open a free account. It will ask you a few simple questions and you just need to fill in the answers.
Upload ID
Once registration is complete you will be asked to upload your ID. This is standard practice for all regulated brokers. Just upload a copy of your passport or driver’s license. The support team will typically verify your identity within a few minutes.
Deposit Funds
Once your account is verified you will be able to add some capital to your eToro account and begin trading crypto. United States users can begin for as little as $10 and there are no transaction fees. You can use ACH, bank wire, PayPal, Skrill, Neteller, or a debit/credit card to make your deposit.
Buy Cryptocurrency
Once your funds are in your trading account you can start buying cryptocurrency. You can search for various forms of crypto in the search box. Once you settle on a currency you wish to buy simply hit the “Trade” button and enter the amount you wish to invest.
Conclusion
You want to take your time in choosing the right crypto exchange. You want to ensure that it matches your goals, skillset, and preferred market.
Remember never to invest more than you are willing to lose. eToro is our top pick when it comes to crypto exchanges. You have access to more than 75 cryptos at low trading fees.
Disclaimer: Investing can be quite a wild ride – especially when you don’t know the terrain! To keep things from getting too rocky, take some time beforehand to get familiar with all of the risks involved. Our site is here to up your investor game by providing all available intel about platforms and trends, but we don’t take responsibility nor can we be held accountable as advisors. That being said, it’s still important for you to make educated decisions that match what works best for YOU – just remember: no amount of savvy will guarantee success or protect against loss so invest money you can spare.
