Best Cryptocurrency Exchanges

There are several crypto exchange platforms out there and it can be challenging to know the best ones to get started with. The crypto exchange platform you choose can make or break your crypto trading career. So, you must choose wisely. 

How to Choose the Best Cryptocurrency Exchange 

Keep in mind that your mileage may vary when picking an exchange. You might want to look for an exchange that offers trading pairs, certain altcoins, and other features like margin trading or OTC (over-the-counter) deals. Once you've found an exchange that satisfies your basic requirements, consider the following also: 

• Security 

• Past performance

• Fees

• Liquidity

• User experience

• Markets

You can check out our other blog post on the factors to consider before choosing an exchange here. 

Best Cryptocurrency Exchange Platforms

Based on the factors mentioned above, here are the best crypto exchange platforms. These platforms offer the lowest fees possible, fast trades and payouts, a wide selection of altcoins, and excellent customer support that is available 24/7.

1. Binance or Binance.US (for those in the United States) – Best overall, low fees

Binance's headquarter is in Malta, but it has branches all around the world. It is an excellent choice for both beginners and experts. The Binance platform contains around 200 coins in total. Coins available on this platform range from popular ones like Bitcoin (BTC) to Binance Coin (BNB), which is the native coin of Binance.

Binance provides a variety of services, including futures trading, margin trading, and much more. On most transactions, their fee remains at 0.1%, but a credit card brokerage service is also available at a higher fee for a more convenient sale and purchase of cryptos. 

Pros

• Native Binance Coin (BNB)

• Secure Asset Fund for Users (SAFU)

• Roughly 200 cryptos to trade

Cons

• Residents of the United States must use Binance.us, which only has 80 cryptos available.

• There may be complications with ID verification.

• Customer service is slow to respond

2. Kraken – Best customer service

Kraken takes pride in providing incredibly fast bank withdrawals, charging low fees, and being accessible in most parts of the world. The fees range from 0 to 0.36 percent, depending on your type of trading and your trading volume over the previous 30 days. You’ll pay less fees if you trade more. 

Another reason for Kraken’s popularity is its dark pool feature, which allows for discreet trading. However, when compared to other platforms, you will see that the user experience is not the best. A little bit of tweaking is needed to make the platform’s user interface more user-friendly.

Pros

• Excellent customer support

• Strong reputation

• Available worldwide

• Fast bank withdrawals

• Significantly low transaction fees

Cons

• The number of altcoins available isn’t very large

• Not so friendly UI

3. Coinbase – Best for beginners

Coinbase is without a doubt one of the top Bitcoin exchange platforms available online. Many newbies who are seeking to get their hands on cryptos use it. As a result, it is a popular platform for people looking to deposit and withdraw Bitcoin, the most popular cryptocurrency on the market.

In addition to supporting several payment methods and fast deposits, Coinbase offers a user interface that is near perfect and easy to grasp. Popular cryptos like Bitcoin, Litecoin, Ethereum, and others can all be traded on this platform. 

Pros

• Best platform for Bitcoin purchase

• Intuitive UI for newbies and experts alike

• Wire transfer, debit cards, and credit cards are all accepted

Cons

• Customer support is sluggish

• Trades are being closely monitored

• The fees are a little on the high side

More Crypto Exchange Platforms

Below are some other crypto exchange platforms you can consider. 

• Bittrex – Best for security

• Gemini  - Best for traders in the US. 

• eToroX – Best for fans of both crypto and forex 

• Bitfinex 

• KuCoin 

Conclusion

To be honest, crowning one site as the best for crypto exchange is nearly impossible. That takes into account the fact that the best platform will differ depending on a person's location, the features that are most important to them, the coins they wish to buy, and other factors.

As mentioned in this guide, Coinbase is an excellent platform for beginners. Binance is the best option for users who are interested in trading practically any type of crypto, altcoins included. 

As such, individuals should first determine their preferences, needs, and expectations for the ideal platform, in their opinion. It will be easy for you to choose a platform that meets your needs and is the best for you once you’ve identified what you want.