Best Cryptocurrency Exchanges

What is a Cryptocurrency Exchange?

Before we dive into our list of the Best Cryptocurrency Exchanges let us first step back to define what a Cryptocurrency Exchange is.

A cryptocurrency exchange is a platform that allows you to trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. They are similar to stock exchanges for traditional financial assets like stocks and bonds. The best cryptocurrency exchanges will provide users with the ability to make trades in a secure environment using 2-factor authentication (2FA) in order to protect their accounts from hackers and other malicious individuals. You should also be able to deposit money into your account via multiple methods including debit cards, credit cards, bank transfers, or SEPA payments.

If you are looking for the best cryptocurrency exchanges, then this exchange list will help you make an informed decision. There are a number of options available in the crypto world to trade your cryptos. Amongst these many cryptocurrency exchanges, it is difficult to choose which one offers the most secure and trustworthy platform.

Let’s look at the best cryptocurrency exchanges available in the market today.   But, before we go into the entire list we need to give you our overall top dog choice in exchanges.

The Best of the Best Crypto Exchange is

Why did we choose FTX.US as the Best Crypto Exchange?

– Best prices on all cryptocurrencies /low trading fees / Transaction fee

– Best Security

• 3-factor authentication on their login
• 24/7 monitoring on the network.

– Best customer support

• Reach out at any time of day with questions, concerns, or just for some crypto chat. Best Crypto Exchange FTX.US

If you’re looking for quality crypto trading features in your Best Crypto Exchange, you can’t go wrong with FTX.US Best Crypto Exchange for Best Prices

If you are an experienced trader looking to buy cryptocurrency at the Best prices on Best Crypto Exchanges, FTX.US is your Best choice Best Customer Support

What are some of the BEST Cryptocurrency Exchanges?

 1. FTX US

Best Cryptocurrency Exchange for seasoned traders with some of the lowest fees

FTX.us is a US-based cryptocurrency exchange that was founded in 2019 by Sam Bankman-Fried, Alon Goren, and Harry Yeh. It is one of the newer exchanges on the market but has quickly become popular due to its low fees (0.075% on all trades) and user-friendly interface. FTX.us also offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and Tether.

Pros:

– Low fees (0.075% on all trades)

– User-friendly interface

– Wide variety of cryptocurrencies are available

Cons:

– Only operates out of San Francisco, California

Best for: Beginners and experts alike. FTX.us offers one of the lowest fees on all trades and a wide variety of cryptocurrencies to trade. The user-friendly interface makes it easy for beginners to get started, while the advanced features and tools make it appealing to experts.

Security: FTX.us has a number of security measures in place to protect user data, including the use of two-factor authentication (via Google Authenticator) and a host of other safety features.

 2. Binance.us

Best Cryptocurrency Exchange for seasoned traders with some of the lowest fees

Binance.us is a US-based cryptocurrency exchange that operates out of San Francisco, California. It was founded in 2017 by Changpeng Zhao and Yi He and quickly became one of the most popular exchanges due to its low fees (0.05% on all trades) and user-friendly interface. The only downside to Binance.us is that it does not currently offer support for fiat deposits, so you will need to first purchase another cryptocurrency such as Bitcoin or Ethereum on a different exchange and then transfer it over to Binance.us.

Pros:

– Low fees (0.05% on all trades)

– User-friendly interface

– Supports a wide range of cryptocurrencies

Cons:

– Does not currently offer support for fiat deposits

– Only operates out of San Francisco, California

Best for: Beginners and experts alike. Binance.us offers one of the lowest fees on all trades and supports a wide range of cryptocurrencies. The user-friendly interface makes it easy for beginners to get started, while the advanced features and tools make it appealing to experts.

Security: Binance.us has a number of security measures in place to protect user data, including the use of two-factor authentication (via Google Authenticator) and a host of other safety features. They also use a cold storage system to store the majority of their funds offline, which makes them less susceptible to hacking attacks.

3. Coinbase Pro

Best Cryptocurrency Exchange for seasoned traders with some of the lowest fees

Coinbase Pro is a US-based cryptocurrency exchange that was founded in 2012 by Brian Armstrong and Fred Ehrsam. It is one of the most popular exchanges due to its user-friendly interface and support for a wide range of cryptocurrencies. Coinbase Pro also offers low fees (0.25% on all trades) and allows users to make deposits via bank transfers, SEPA payments, or debit/credit cards.

Pros:

– User-friendly interface

– Supports a wide range of cryptocurrencies

– Low fees (0.25% on all trades)

Cons:

– Only operates out of San Francisco, California, and London, England

Best for: Beginners and experts alike. Coinbase Pro offers a user-friendly interface, support for a wide range of cryptocurrencies, and low fees. The only downside is that it is only available in San Francisco, California, and London, England.

Security: Coinbase Pro has a number of security measures in place to protect user data, including the use of two-factor authentication (via Google Authenticator) and a host of other safety features.

4. Bitfinex

Best Cryptocurrency Exchange for low fees and security measures to protect you from hackers and other malicious individuals

Bitfinex is a Hong Kong-based crypto exchange that was founded in 2012 by Raphael Nicolle. It is one of the largest exchanges in terms of trading volume and offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and Tether. Bitfinex also offers high-level security features, such as two-factor authentication and a host of other safety features.

Pros:

– High-level security features

– Wide range of cryptocurrencies is available

– Supports USD deposits

Cons:

– Higher fees than most exchanges (0.30% on all trades)

– Only operates out of Hong Kong and London

Best for: Experts. Bitfinex offers a wide range of cryptocurrencies to trade and high-level security features. The only downside is that it has higher fees than most exchanges (0.30% on all trades).

Security: Bitfinex has a number of security measures in place to protect user data, including the use of two-factor authentication and a host of other safety features.

Google Authenticator) and a host of other safety features. They also use a cold storage system to store the majority of their funds offline, which makes them less susceptible to hacking attacks.

5. Coinbase

Best Cryptocurrency Exchange for Beginners

Coinbase is a US-based cryptocurrency exchange that was founded in 2012 by Brian Armstrong and Fred Ehrsam. It is one of the most popular exchanges due to its user-friendly interface and support for a wide range of cryptocurrencies. Coinbase also offers low fees (0.25% on all trades) and allows users to make deposits via bank transfers, SEPA payments, or debit/credit cards.

Pros:

– User-friendly interface

– Supports a wide range of cryptocurrencies

– Low fees (0.25% on all trades)

Cons:

– Only operates out of San Francisco, California, and London, England

Best for: Beginners and experts alike. Coinbase is one of the most popular cryptocurrency exchanges available and offers a user-friendly interface, support for a wide range of cryptocurrencies, and low fees. The only downside is that it is only available in San Francisco, California, and London, England.

Security: Coinbase has a number of security measures in place to protect user data, including the use of two-factor authentication (via Google Authenticator) and a host of other safety features.

6. Gemini Trust Company, LLC.

Best Cryptocurrency Exchange with Best Security Measures

Gemini Trust Company, LLC. is a New York-based cryptocurrency exchange that was founded in 2015 by Tyler and Cameron Winklevoss. It is one of the most popular exchanges and allows users to trade Bitcoin and Ethereum. Gemini also offers low fees (0.25% on all trades) and allows users to make deposits via bank transfers.

Pros:

– Low fees (0.25% on all trades)

– Allows users to make deposits via bank transfers

– High-volume trading

Cons:

– Only operates out of New York, USA

Best for: Beginners and experts alike. Gemini is one of the most popular cryptocurrency exchanges available and offers low fees and the ability to make deposits via bank transfers. The only downside is that it is only available in New York, USA.

Security: Gemini has a number of security measures in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other

7. CEX.io

Best Cryptocurrency Exchange with Best Features

CEX.io is a London-based cryptocurrency exchange that was founded in 2014 by Daniel Mross and his brother Ross. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. CEX also offers low fees (0.25% on all trades) and allows users to make deposits via bank transfers or debit/credit cards.

Pros:

– Wide range of cryptocurrencies are available

– Supports USD deposits

– Low fees (0.25% on all trades)

Cons:

– Only operates out of London, England

Best for: Experts. CEX offers a wide range of cryptocurrencies to trade and low fees (0.25% on all trades). The only downside is that it is only available in London, England.

Security: CEX has a number of security features in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other exchanges on this list.

8. Kraken

Best Cryptocurrency Exchange for futures and margin traders

Kraken is a San Francisco-based cryptocurrency exchange that was founded in 2011 by Jesse Powell. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. Kraken also offers high-volume trading and allows users to make deposits via bank transfers or debit/credit cards.

Pros:

– High-volume trading

– Supports USD deposits

– Low fees (0.26% on all trades)

Cons:

– Only operates out of San Francisco, California and London, England

Best for: Experts. Kraken is a high-volume cryptocurrency exchange that offers a wide range of cryptocurrencies to trade and low fees. The only downside is that it is only available in San Francisco, California and London, England.

Security: Kraken has a number of security features in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other exchanges on this list.

9. Gate.io

Best Crypto Exchange for futures and margin traders

Gate.io is a Hong Kong-based cryptocurrency exchange that was founded in 2017 by Da Hongfei and Erik Zhang. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. Gate also offers low fees (0.20% on all trades) and allows users to make deposits via bank transfers or debit/credit cards.

Pros:

– Wide range of cryptocurrencies available

– Supports USD deposits

– Low fees (0.20% on all trades)

Cons:

– Only operates out of Hong Kong and London, England Best for: Experts. Gate offers a wide range of cryptocurrencies to trade and low fees (0.20% on all trades). The only downside is that it is only available in Hong Kong and London, England.

Security: Gate has a number of security features in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other exchanges on this list.

10. BlockFi

Best cryptocurrencies Exchange for Earning Interest

BlockFi is a New York City-based cryptocurrency exchange that was founded in 2018 by Zac Prince and Flori Marquez. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. BlockFi also allows users to make deposits via bank transfers or debit/credit cards.

Pros:

– Wide range of cryptocurrencies are available

– Supports USD deposits

– Low fees (0.25% on all trades)

Cons:

Best for: Beginners. BlockFi offers a wide range of cryptocurrencies to trade and low fees (0.25% on all trades). The only downside is that it is only available in New York City.

Security: BlockFi has a number of security features in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other exchanges on this list.

11. eToro

Best Crypto Exchange that offers both investing in stocks and cryptocurrencies

eToro is a London-based cryptocurrency exchange that was founded in 2006 by Yoni Assia and Ronen Assia. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. eToro also allows users to make deposits via bank transfers or debit/credit cards. If you want more information on More info on eToro’s fees for both Crypto and their Stocks and ETFs click the link to be directed to their site to see their current prices.

The eToro trading platform offers traders the chance to mirror a few select other successful investors, making every trade as if it were your own, trade by trade.

Pros:

– Wide range of cryptocurrencies are available (30+)

– Low Account Minumum $10

– Low fees (1% for buying or selling crypto)

– Supports USD deposits

Cons:

– Service is not available in all states

12. iTrustCapital

Best Crypto Exchange for IRA tax-free investing

iTrustCapital is a Los Angeles-based cryptocurrency exchange that was founded in 2018 by David Chen and Tony Tran. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. iTrustCapital also allows users to make deposits via bank transfers or debit/credit cards.

Pros:

– Wide range of cryptocurrencies are available

– Supports USD deposits

– Low fees (0.25% on all trades)

Cons

– Tax rules on withdrawals

– Minimum distribution requirements

Best for: Beginners. iTrustCapital offers a wide range of cryptocurrencies to trade and low fees (0.25% on all trades). The only downside is that it is only available in Los Angeles.

Security: iTrustCapital has a number of security features in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other exchanges on this list.

13. Uphold

Best Crypto Exchange for Beginners

Uphold is a London-based crypto exchange that was founded in 2014 by Halsey Minor. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. Uphold also allows users to make deposits via bank transfers or debit/credit cards.

Pros:

– Wide range of cryptocurrencies are available

– Supports USD deposits

– Low fees (0.25% on all trades) Best for: Experts. Uphold offers a wide range of cryptocurrencies to trade and low fees (0.25% on all trades). The only downside is that it is only available in London.

Cons:

– Variable spread

– No Staking or lending programs

Security: Uphold has a number of security features in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other exchanges on this list.

14. Robinhood

Best Crypto Exchange for Beginners

Robinhood is a Menlo Park, California-based cryptocurrency exchange that was founded in 2013 by Vlad Tenev and Baiju Bhatt. It offers a wide range of cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and DASH. Robinhood also allows users to make deposits via bank transfers or debit/credit cards.

Pros:

– Commission-free cryptocurrency trading

– Supports USD deposits Best for: Beginners. Robinhood offers a wide range of cryptocurrencies to trade and low fees (0.25% on all trades). The only downside is that it is only available in Menlo Park, California.

Cons:

– Cryptocurrency selection is somewhat limited

Security: Robinhood has a number of security features in place to protect user data, including two-factor authentication and a host of other safety features. However, it is not as popular as some of the other exchanges on this list.

What things can I do to help keep my cryptocurrency trades secure online?

If you’re serious about trading cryptocurrency, then there are a few things you can do to help keep your account secure. First, consider using a dedicated computer for your trading. This will help to ensure that your personal data and financial information are kept separate from your other online activities. Second, if possible, use ethernet instead of wifi when connecting to the internet. This will help to reduce the risk of your data being intercepted by malicious actors. Third, always set up two-factor authentication (2FA) on your account. This will require an additional step to log in, but it will help to protect your account in the event that someone obtains your password. Finally, be sure to use a VPN when connecting to the internet. This will help to encrypt your data and protect your identity from being compromised. By taking these steps, you can help to keep your cryptocurrency trading secure.

Want more information on the best VPNs for Crypto Trading? Click the button below for our post outlining the best 5 VPNs.

Know the 2 different types of Cryptocurrency Exchanges

Centralized Cryptocurrency Exchanges are the traditional exchanges that most of us are familiar with. A handful of these exchanges exist at this point in time, and they can be best described as connectors between buyers and sellers. These centralized exchanges collect fees when they execute their services, but traders must trust them to keep their funds safe. They do not offer any kind of insurance for unrecovered funds. Centralized Crypto Exchanges include GDAX (formerly known as Coinbase), Bitfinex, Kraken, Poloniex, etc.

De-centralized Cryptocurrency Exchanges are a new concept that has been introduced by a few decentralized blockchain projects such as Bitshares, Waves, and OpenLedger. These are still in development, but they are bound to be more efficient when they are available.

Decentralized exchanges provide traders with a lot of benefits, including less reliance on the security of their funds. They also allow users to retain control over their private keys which makes it virtually impossible for attackers to steal your tokens.

You can read more about decentralized exchanges here: Bitsquare, Waves Dex & OpenLedger Dex

Also check out Best Crypto Tax Software

Centralized Crypto Exchanges vs Decentralized Crypto Exchanges

Advantages of Centralized Crypto Exchanges

The advantage is that many fiat currencies/crypto pairs are supported More liquid Requires confirmation from the blockchain network before you can access your funds Disadvantages Centralized Cryptocurrency Exchanges Have Limited payment options (most only accept bank transfers) Fees are relatively high (exchange rate fees + deposit/withdrawal fees) Need to store your funds on the exchange before trading Cryptocurrencies Security is not guaranteed Once you make a transaction, it cannot be reversed.

Advantages of Decentralized Crypto Exchanges

The advantage is that they have Funded are under users’ control No user accounts are required Your private keys are never exposed You can trade almost any pair of cryptocurrencies No limit on withdrawal transactions Fees are minimal since there’s no intermediary involved Trades happen directly between users Private exchanges have access to additional features which are either not available or don’t exist at centralized exchanges Disadvantages It takes time for the blockchain network to confirm the transaction Your funds can be frozen or lost if you don’t have access to your account You need to create accounts for every cryptocurrency you want to trade at decentralized exchanges

What are the Best Decentralized Crypto Exchanges?

Bisq Decentralized Crypto Exchange [TOP]

The Bisq Decentralized Exchange allows users to buy and sell bitcoin for over 100 different national currencies. Bisq Decentralized Exchange is available on desktop, iOS, and Android. On the Decentralized Exchange, users transact with each other directly. Their trading data is stored in a distributed hash table for increased privacy. The Decentralized Exchange does not hold user funds and it never has access to the user’s private keys.

The Decentralized Exchange offers several advantages over centralized exchanges including:

– Global Decentralized P2P Decentralized Exchange

– Decentralized Escrow System

– Decentralized Arbitration System

– Decentralized Security Deposit

– Decentralized No Know Your Customer (KYC) Policy [Bisq]

IDEX Decentralized Crypto Exchange [TOP]

The IDEX Decentralized Exchange is a Decentralized Exchange built on the Ethereum blockchain. Dozens of ERC-20 tokens are available for exchange, and users can trade any of these tokens back to Ethereum for free. The Decentralized Exchange only requires user accounts for deposits and withdrawals from IDEX smart contracts. Like Bisq Decentralized Exchange, IDEX Decentralized Exchange does not hold user funds. Users transact with each other directly through a smart contract matching system. The Decentralized Exchange’s matching system is much faster than the average centralized exchange because it does not have users’ private keys and does not require a verifier to sign transactions after every trade. Decentralized Exchange does not require users to submit extensive Decentralized Know Your Customer (KYC) and Decentralized Anti-Money Laundering (AML).

EtherDelta Decentralized Crypto Exchange [TOP]

EtherDelta Decentralized exchange is another Decentralized Exchange built on the Ethereum blockchain. The Decentralized Exchange’s Decentralized API allows users to interact with the Decentralized Exchange through software such as wallets and other trading platforms. EtherDelta Decentralized Exchange is a hybrid, non-custodial Decentralized exchange. This means that instead of keeping user funds on the exchange, EtherDelta Decentralized Exchange only controls the users’ tokens while they are in transit to their destination address. This eliminates the Decentralized exchange’s ability to lose or steal user funds, but it also means that Decentralized Exchange is not able to process withdrawals from its smart contract balances into a wallet controlled by a user [EtherDelta Decentralized Exchange].

A Decentralized Cryptocurrency Exchange is not only safer but it can be used for global trading without any Know Your Customer (KYC) or Decentralized Anti-Money Laundering (AML) restrictions. Decentralized Exchanges allow users to trade cryptocurrency with privacy and anonymity. Decentralized Cryptocurrency Exchanges also eliminate withdrawal problems which are common on Decentralized exchanges. Decentralized Exchange does not require users to submit Decenternal Decentralized Know Your Customer (KYC) and Decental Decentralized Anti-Money Laundering (AML).

Conclusion on the best crypto exchanges.

Cryptocurrency exchanges are a vital part of the cryptocurrency ecosystem. They allow users to buy, sell, and trade cryptocurrencies for other digital currency or traditional currency. There are two types of cryptocurrency exchanges: centralized and decentralized. Centralized exchanges are more user-friendly and typically offer a wider range of options than decentralized exchanges. Decentralized exchanges are still in early development, but they are bound to gain more popularity as the technology matures. Their predecessors were slow and difficult for traders to use, but their successors are likely going to include advanced features that will revolutionize how people interact with the blockchain economy.

Frequently Asked Questions

What is a cryptocurrency exchange?

Cryptocurrency exchanges are websites where you can buy, sell or trade cryptocurrencies for other digital currency or traditional currency like US dollars or euros.

Should I use a VPN when trading?

Yes, check out my post on the best VPN to use while crypto trading here

What is the difference between centralized and decentralized crypto exchanges?

Centralized exchanges are more user-friendly and typically offer a wider range of options than decentralized exchanges. Decentralized exchanges are more difficult to use but offer greater security and privacy than centralized exchanges. They also typically offer a wider range of cryptocurrencies to trade.

Which type of crypto exchange is best for me?

Centralized exchanges are more user-friendly and typically offer a wider range of options than decentralized exchanges. Decentralized exchanges are more difficult to use but offer greater security and privacy than centralized exchanges. They also typically offer a wider range of cryptocurrencies to trade. However, it is important to note that there is no one-size-fits-all answer to this question. You should carefully consider your needs and preferences before choosing an exchange.

What are the security features offered by cryptocurrency exchanges?

Cryptocurrency exchanges typically offer a variety of security features to protect user data, including two-factor authentication and encrypted wallets. However, it is important to do your research before choosing an exchange to make sure that the features offered to meet your needs.

What are the fees associated with cryptocurrency exchanges?

Cryptocurrency exchanges typically charge fees for using their services. These fees can vary from exchange to exchange and may be based on the type of transaction, the cryptocurrency being traded, or other factors. It is important to carefully research the fees charged by different exchanges before choosing one.

What should I look for when choosing a cryptocurrency exchange?

When choosing a cryptocurrency exchange, it is important to consider a variety of factors, including the security features offered, the fees charged, and the cryptocurrencies supported. You should also carefully read the terms and conditions of use to make sure you are comfortable with them.

What is two-factor authentication?

Two-factor authentication (also known as two-step verification or multi-factor authentication) is a security feature that requires two different forms of identification before granting access to an account. Typically, one form of identification is a username and password, and the other form is a code generated by a third-party app or sent to the user’s phone. This helps protect accounts from unauthorized access.

What is an encrypted wallet?

An encrypted wallet is a type of digital wallet that uses encryption to protect user data from unauthorized access. This helps keep user information such as cryptocurrency safe and secure.

What are the most popular cryptocurrencies?

The most popular cryptocurrencies vary over time, but some of the most well-known cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Ripple. These currencies can be traded on a variety of cryptocurrency exchanges.

The methodology used for the Best Cryptocurrency Exchanges:

To compile this list, we looked at a number of factors, including the number of cryptocurrencies available for trading, the availability of USD deposits, and the fees charged for trades. We then assigned a rating to each exchange based on these factors. The best exchanges were those that had a wide range of cryptocurrencies available for trading and low fees. We also considered the security features offered by each exchange.