Top Crypto Exchanges 2024: Reviews, Fees, and Security Compared

Since 2017, our team has spent hundreds of hours researching cryptocurrencies. To pick the best crypto exchanges, we evaluated more than 20 companies based on their security, user experience and cost. We also studied current crypto regulation and compliance reports, compared fee schedules and spoke to our in-house crypto experts for further guidance. Most well-known cryptocurrency exchanges do not offer access to all coins.

Coinbase – Best for beginners

• Public is a beginner-friendly platform that tries to mix accessible, affordable investing with an approach that puts financial literacy first.
• Unfortunately, Coinbase has deposit fees, which vary depending on region and payment method.
• You must have a crypto wallet to buy and sell cryptocurrencies through an exchange.
• It offers four types of two-factor authentication, allows customers to store their funds in a vault with time delayed withdrawals, and has an insurance policy to protect custodial accounts of up to $250,000.
• However, only experienced, hands-on traders with knowledge of blockchain trading should use the top crypto exchanges.

ChangeNOW has been on the market for more than a year now and has earned a reputation for reliable service with great rates. The exchange platform does not require account creation, processing fast transactions for more than 170 cryptos, as well as fiat-to-crypto purchases. ChangeNOW stays honest with its customers and collects no hidden Best Crypto Exchange for USA or inflated fees. Depending on the transaction volume, the processing speed can take as little as 2 minutes. Liquidity refers to the ability to buy or sell cryptocurrencies quickly without causing significant price fluctuations. High liquidity ensures that traders can execute their transactions efficiently and at fair market prices.

Making Your First Trade

Overall, the article aims to provide readers with a comprehensive overview of the best cryptocurrency exchanges in various categories and help them make informed decisions based on their preferences and needs. Binance and Gate.io are recognized for their support of more than 50 fiat currencies, making them suitable for users who want to avoid high exchange fees when depositing funds. When it comes to security, the article highlights Kraken and SwissBorg as the most secure exchanges, as they have never been hacked and have robust security protocols. However, it acknowledges that other exchanges have improved their security measures and now offer insurance funds to reimburse users in case of a breach. Binance.US is another top crypto exchange, often compared to Kraken, as one of the safest crypto exchanges for active blockchain traders.

Best for Bitcoin

Here’s how much tax you’ll be paying on your income from Bitcoin, Ethereum, and other cryptocurrencies. Kraken requires government-issued ID and address verification for US-based traders. David has been deeply involved with the cryptocurrency industry since 2017. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

• It offers four types of two-factor authentication, time-delayed withdrawals, and preventive safeguards against sending assets to known scam addresses.
• While the vast majority of crypto exchanges may (and hopefully do) operate above board, the reality is that there is no way to know.
• It provides a user-friendly interface suitable for both novice and experienced traders, streamlining access to derivative products trading.
• Including copy-trading, the platform provides exposure to crypto, stock indices, forex, commodities, and Contract-for-Difference (CFD) margin trading.
• Bitstamp also has a long track record of operating securely and transparently.
• It stands out for providing a user-friendly trading experience, robust security, and a range of advanced features for experienced traders.

Research different coins and tokens, assess their potential value, and create a well-diversified portfolio that aligns with your investment goals. The Malta-based exchange operates in over 100 countries providing cryptocurrency liquidity and marketbuying options to millions of users and supports hundreds of different trading pairs. To protect users’ funds and personal information, reputable crypto exchanges employ various security measures.

Best Crypto Options Trading Platforms

Users can deposit via bank transfer or purchase cryptocurrencies using a bank card. Bybit fees for spot trading start at 0.1% and decrease with higher monthly trading volumes, similar to Binance. For perpetual and futures trading, the transaction incurs 0.01% and 0.06% for maker and taker fees, respectively. The platform uses an order book-based interface, making it simple for anyone with previous experience.

The scoring formulas take into account multiple data points for each financial product and service. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website. As a good rule of thumb, look for exchanges headquartered in the US with a long history of serving customers without hacks — like Coinbase, Kraken or Gemini.

Best crypto exchanges and platforms of 2024 [Licensed and Regulated]

Check the website to find out what communication methods are available to support users who need troubleshooting advice or assistance on the exchange. The best form of support is a 24/7 customer service desk via live chat with a real person. MEXC provides access to USD-M and Coin-M perpetual futures contracts, leveraged ETFs, and margin trading. Spot customers can trade 1,521 unique cryptocurrencies and 1,811 pairs with up to 200x leverage. This fee is in addition to the spread, which varies based on the supported crypto assets. Compared to others, the eToro fee is a little higher than exchanges like Binance and Coinbase.

KuCoin has become one of the biggest cryptocurrency exchanges by trading volume and is a solid option for users that want an all-around crypto exchange. However, users should keep in mind that KuCoin is not licensed to operate in the United States. It’s also important to note that several cryptocurrency exchanges, such as Binance Futures, Kraken, Huobi Global, ByBit, OKEx, and Bitmex, offer futures trading platforms. In the world of cryptocurrency trading, futures trading operates much like a crystal ball, allowing traders to speculate on the future price of a cryptocurrency without possessing the actual cryptocurrency. This offers several potential advantages, such as access to leverage, price determination, and the general convenience of investing and speculating on crypto assets.