Top 10 Crypto Exchanges To Purchase & Invest in Cryptocurrency
In this article you will learn about the best trading sites to start buying and investing in crypto. Read the reviews now!
Article updated on February 12th 2022 · 9 min read
How To Choose Your Crypto Exchange?
Cryptocurrencies are becoming more and more popular, and as a result, the number of crypto exchanges is growing. If you want to start trading cryptocurrency, you'll need to get on a crypto exchange trading platform.
Buying cryptocurrency using the right exchange platform is crucial because it can determine how effective your investment will be. It can, however, be challenging to decide which exchange platform is best for you, with so many options to choose from.
For example, if you want to trade in Bitcoin and Ethereum, you need a crypto exchange that allows for trading between cryptocurrencies. But if you just want to buy bitcoins with the intention of holding onto them, it may make more sense to use another type of platform. This is because those platforms are designed to make it easier for investors with little experience in investing.
Below you'll find our top 10 picks for crypto exchange trading platforms.
When deciding on the platform to use, you should consider features such as trading fees, the exchange's liquidity, ease of use, security features, and the variety of cryptocurrencies available for trading.
If you are interested in learning more about how to start trading cryptocurrency, check out our Crypto Trading Beginner's Guide.
Where To Buy Cryptocurrency?
In this article we've collated a list of the best crypto exchanges available right now. If you want to get the best features and trading experience for your money, keep reading below.
We'll Review These Cryptocurrency Trading Platforms
The List Of The Best Trading App For Cryptocurrency In 2022
Article written by Tom, Crypto Enthusiast · 9 min read
1. Coinbase
4.8 Overall Rating
This is the largest Bitcoin exchange platform in the United States. It has been around since 2012 and offers many services, including buying, selling, and secure storage of cryptocurrencies. The platform also allows for users to trade between different currencies such as USD/EUR or ETH/BTC.
Although Coinbase is a very popular cryptocurrency exchange platform that provides access to a wide range of coins, they are not available in all countries. The best thing about this platform is its ease of use and security features, making it great for beginners. It offers two-factor authentication and a host of other security features to keep your money safe.
User-friendly interface
Huge selection of cryptocurrencies
High liquidity
Withdrawals via Paypal available
Possibility to earn free cryptos
Extensive educational material
Higher fees than other platforms
The user does not have control over wallet keys
2. Binance
4.9 Overall Rating
Binance has quickly become one of the leading exchanges. It has a long list of cryptocurrencies, including the less popular ones. One of the best things about Binance is that it offers low fees and quick transactions. The platform also allows for trading between different cryptocurrencies, which can be helpful if you want to invest in more than one coin.
Binance has over 365 cryptocurrencies that can be traded, but U.S. users can only trade about 65 coins. The platform also has a variety of trading options, including market order, stop market order, limit order, stop-limit order, post-only order, trailing order, and one-cancels-the-other order.
More advanced charting
Lower fees compared to other platforms
Huge variety of currencies
Numerous extra services
Not supported in all states
More suitable for the advanced users
3. Crypto.com
4.7 Overall Rating
Crypto.com is a platform that stands out because of its cybersecurity features. It uses various techniques to secure your cryptos, including offline cold storage for all crypto. It has been designed to be user-friendly and offers a variety of features for investors. Crypto.com supports over 200 cryptocurrencies.
Besides blockchain products, the platform also allows you to trade over 20 fiat currencies, including Euros, pound sterling, and U.S. dollars. Crypto.com is a great option for traders looking to do more with their cryptocurrency because of its range of crypto-related products. The platform supports trading, investing, staking, NFTs, wallets, and much more.
Low fees if you fund your account with cash transfers
User-friendly interface
Offers a wide range of cryptocurrencies
Security features are top-notch
Some services are not available in the U.S.
Does not offer crypto-crypto trading options
4. Kraken
5.0 Overall Rating
Being one of the oldest platforms on the market, Kraken has offered a steady platform for experienced traders. The platform is easy to use but not suitable for beginners because you need some time to get used to it. Kraken offers a wide range of cryptocurrencies and supports many fiat currencies to trade with.
Besides that, it also allows for trading between different cryptocurrencies. This could be helpful if you want to invest more than one coin at once or diversify your portfolio by investing in both Bitcoin and Ethereum. The trading fees on Kraken depend on the trading volume.
High liquidity
One-on-one support
Great selection of digital assets
Advanced trading platform
Available in limited states
Limited options for funding accounts
5. Blockfi
4.5 Overall Rating
BlockFi is a platform that especially caters to investors who want to invest in Bitcoin and Ethereum. It allows you to buy, sell, and store the two cryptos securely. The best thing about BlockFi is that it offers low fees for transactions and no minimum deposit.
BlockFi is also the best platform for earning interest because they offer a high annual percentage yield (APY) on deposits. The BlockFi platform also allows you to borrow money using Bitcoin as collateral. BlockFi provides instant withdrawals and offers excellent customer support.
No minimum deposit required
Generous APY rates
One free withdrawal every month
Limited services in some states
Website is complicated to navigate
6. KuCoin
5.0 Overall Rating
KuCoin is an exchange platform that has been around since 2017. It has a user-friendly interface, which makes it great for beginners. The platform has a wide range of cryptocurrencies and supports many fiat currencies to trade with. Kucoin has more than 600 cryptocurrencies.
The platform offers low fees where deposits are free, and you are only charged the blockchain transaction when you transfer. When trading, you are charged up to 0.1% of the amount you are buying. Besides the basic trading options, KuCoin also allows futures, margin, and peer-to-peer trading options. As a user, you can also decide to lend or stake your crypto to get rewards.
Supports a wide range of cryptocurrencies
Offers margin trading
Supports crypto lending
Friendly user interface
Limited functionality in the U.S.
Limited payment methods
7. Bittrex
4.6 Overall Rating
Bittrex is a great option for traders who prefer advanced order types and low fees. The platform offers various digital currencies and allows you to trade between them. Bittrex has over 250 cryptocurrencies on the platform, allowing you a wide variety to choose from.
It also supports fiat trading pairs for Bitcoin, Ethereum, Tether, and TrueUSD. Transactions are quick, and fees are low when compared to other platforms. The platform has robust security features that keep your funds safe. It is also effective and quick, with transactions being processed almost immediately.
Wide selection of digital assets
Great support and security
Low fees for high volume traders
Numerous trading pairs
High fees for low volume traders
Does not offer margin trading
8. Uphold
4.7 Overall Rating
Uphold is a digital currency platform that allows you to buy, convert and store cryptocurrency. The platform has 76 digital currencies, including emerging tokens, stable coins, and alt-coins. Uphold allows the trading of cryptocurrencies, precious metals, and even stocks on the same platform. You can even trade within assets without first converting your holdings to cash.
There are no withdrawal or deposit fees on the platform, but you get charged for spread fees for each transaction, which can sometimes get high. The platform is great for new investors. It does not offer experienced traders with charting, advanced trading, or order types.
Available globally
Can trade different assets
It is easy to use
Limited cryptocurrency selection
High spread fee
9. Gemini
4.6 Overall Rating
Gemini is one of the largest platforms to trade cryptocurrency in the United States. Gemini operates in compliance with the New York State Department of Financial Services (NYDFS). The platform offers a user-friendly interface, which makes it perfect for beginners and experienced traders.
Gemini also has great security features that keep your funds safe. Gemini supports Bitcoin, Ether, Litecoin, and Zcash. You can use U.S. dollars to buy all these cryptocurrencies on the Gemini platform. Gemini also has its own hot wallet and a great support center, making it a perfect place to start.
Available in all 50 U.S. states
High trading volume
User-friendly interface
Variety of cryptocurrencies
Strong security features
Higher trading fees than other platforms
Some popular cryptos are not available on the platform
10. Gate.io
4.5 Overall Rating
Gate.io is a cryptocurrency exchange platform that offers users a wide range of services. The platform supports over 180 coins and almost 400 different markets. The platform contains amazing features that allow you to trade in cryptocurrency markets, margin lend, or borrow, be part of period investment plans, and much more.
The fees are relatively low on Gate.io, and you will be charged 0.2% of the total order amount when trading. Gate.io also has its own token, which can be used on the platform for discounts on fees. It also provides ICO services and allows you to vote for new tokens that should be added to the platform.
Supports 180+ cryptos
Offers margin trading
Low transaction fees
ICOs available
Not available in the U.S.
No fiat currencies supported
Not the best option for beginners
Summary Of This Year Best Crypto Trading Sites
There are many cryptocurrency exchanges to choose from, depending on your needs. Some are better for beginners than others, and some have more features that you may need as an advanced trader.
We recommend using these platforms depending on your experience level:
KuCoin: Super user-friendly interface perfect for people just starting out in the crypto world.
Kraken: Advanced trading platform providing all the necessary features that experienced & savvy investors require and love.
Coinbase is also another great option for all experience level because of its ease of use, security features, and user-friendly interface. It is also one of the largest exchanges in the U.S. and has a wide selection of cryptocurrencies you can trade on it.
Whether you are a beginner getting into cryptocurrency trading or an experienced trader looking for another platform, any of the exchanges of our top 10 list could be a great option for you. Check them out and see for yourself!