11 Best Crypto Exchanges: 2024 Reviews + Comparisons HWC

The final output produces star ratings from poor (one star) to excellent (five stars). 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. User verification can take anywhere from a few minutes to several days, depending on the exchange and the verification level required. Exchanges often offer tiered verification levels, with lower tiers requiring less information. Lower verification tiers, however, usually come https://www.xcritical.com/ with lower deposit and withdrawal limits. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator.

Find the top regulated crypto exchanges and trading platforms available to US residents.

Centralized exchanges are typically better suited for first-time crypto investors than decentralized exchanges. Kraken began as an American Bitcoin and Litecoin exchange (as well as a platform for euro trades) and now supports a huge list of different cryptocurrencies, from Ethereum to Aave. Plenty of trading pairs, staking coins, and funding options are available on Kraken, and its buying and selling fees make it a top-choice exchange. Choosing the right crypto exchange that meets your needs as an investor is an essential aspect of investing in cryptocurrencies. Whether you require easy liquidity, low trading fees, a wide variety of tradable assets, or a user-friendly mobile trading experience, you can find an exchange that fits the bill. Mobile app users crypto trading fees can buy, sell, trade, and earn interest on their crypto, as well as pay with crypto.

What Is Spot Trading in Crypto?

While there are many ways to trade cryptocurrencies, centralized exchanges provide a relatively easy way to convert cash into coins and tokens. In 2013, eToro added support for stocks and commodity trading and became one of the first online brokers to offer Bitcoin trading. Four years later, in 2017, eToro expanded its cryptocurrency trading offers with the addition of XRP, Litecoin, and a suite of other digital currencies and tokens. In the same year, eToro also launched in the United States and quickly rose to popularity among retail traders and investors thanks to its social investing feature and easy-to-use trading platform.

• Gemini is one of only a handful of providers we reviewed that’s licensed to operate in all 50 states, allowing users from anywhere in the country to legally and securely trade cryptocurrencies.
• The best form of support is a 24/7 customer service desk via live chat with a real person.
• If you are a beginner looking to dip your toes into crypto for the first time, a beginner-friendly trading app with no fees or minimum, like Robinhood, may be a good place to start.
• Some exchanges, like Coinbase, have built strong trustworthiness reputations by compiling with regulatory practices and enforcing security protocols.
• It’s important to note that some crypto exchanges have had issues with these secondary services.
• Finally, don’t assume that an exchange is available in your country, or even state, just because you can access its website.

The Best Crypto Exchanges & Apps of September 2024

The fees on Crypto.com Exchange are some of the best in the industry at just 0.075% on spot trades. Additionally, the exchange supports derivatives trading for 0.0170% (maker) and 0.0340% per transaction. Kraken boasts useful cryptocurrency trading tools and automated portfolio monitoring. Additionally, it has a good selection of conditional orders, including Market, Limit, Stop loss, Take profit, and Stop loss limit.

How Do Cryptocurrency Exchanges Make Money?

Abra is a global crypto exchange serving institutions and private clients (including family offices and hedge funds) in 150+ countries. It offers comprehensive cryptocurrency investment solutions and wealth management services like OTC trading, lending services, and sovereign wealth funds. Crypto.com supports 350+ cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. The Crypto.com mobile app provides Visa Card perks, reward-earning opportunities, crypto-tracking features, and price alerts. A crypto exchange is an online platform where traders and investors can purchase, sell or store cryptocurrency. Some crypto enthusiasts object to centralized exchanges because they go against the decentralized ethos of cryptocurrency.

Compare the Best Cryptocurrency Exchanges

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Which cryptocurrencies are available at which platform?

Kraken is a professional platform for investors to buy Ethereum, Bitcoin, and other digital currencies. Touted as one of the most reliable crypto exchanges, Kraken has deep liquidity across its 222 coins and 96 derivative markets. A simple user interface enables users to purchase crypto using fiat currencies, including USD, GBP, EUR, and AUD.

You must have a crypto wallet to buy and sell cryptocurrencies through an exchange. If you don’t want to use your exchange’s built-in wallet (if applicable), you’ll need to set up an external crypto wallet, such as one of the best bitcoin wallets, to store your assets securely. Kraken is one of the oldest and most well-established global crypto exchanges with industry-leading educational resources and security features. Kraken is one of the safest crypto exchanges for investors looking to trade 200+ cryptocurrencies. Decentralized crypto exchanges (DEX) distribute responsibility for facilitating and verifying crypto trades.

Best Overall and Best for Social Investing

It’s essentially a mobile banking app geared towards peer-to-peer payments, but it also has an investment component. Unlike its peers, such as Robinhood and Venmo, Cash App also lets users withdraw their Bitcoin to third-party wallets, which makes it stand out from its competition. BitMart is our top pick in the best for altcoins category because it allows users in 160+ countries to buy and sell over 1,500 cryptocurrencies.

And with exchanges sometimes falling victim to hackers, there is some degree of risk involved with leaving the private keys to your crypto in the hands of a centralized exchange. Some exchanges will give you your own wallet that lets you hold cryptocurrency in your exchange account and then transfer it anywhere as desired. We then score and rank each provider depending on its performance in each category.

Additionally, there are plenty of deposit methods for users in different countries to open an account for as little as $10. Our team reviewed 28 cryptocurrency exchanges and collected over 1000 data points before selecting our top choices. The top picks were selected based on more than 20 weighted criteria, including trading fees (weighted 20%), withdrawal fees (15%), and whether an exchange offers cold storage of crypto assets (weighted 10%).

Because of its large number of supported assets (5,500+) on Coinbase Wallet and easy-to-use platform, Coinbase has become the go-to exchange for many first-time crypto buyers. The platform has the look and feel of an online banking app, which most people use already, making the transition to crypto investing simple. However, because of the FTX collapse, more than half of our panelists (58.49%) believe that crypto exchanges should be regulated just as much as other financial trading platforms. Private clients can meet with a dedicated account manager for tailored crypto trading solutions, competitive fees, and 24/7 expert guidance from a team of professionals. Institutional clients can use Abra Prime to gain cryptocurrency exposure, access trading pairs, and build custom crypto and digital asset programs.

Robinhood does not charge fees or commissions for trading crypto, and Uniswap charges 0.3%. In short, Crypto.com is accessible in several countries around the world including the USA, Canada, and Australia. Crypto.com is the major sponsor for the Australian Rules Football (AFL) league and has become one of the leading Australian crypto platforms due to its ease of use and features. Sitting comfortably as the most popular exchange in the world, Binance is the favorite of thousands of crypto buyers and sellers, and for a good reason. Not only is Binance available in over 180 countries worldwide, but its fees are more than friendly.

Spot customers can trade 1,521 unique cryptocurrencies and 1,811 pairs with up to 200x leverage. The reputable and regarded Coinbase provides a streamlined platform to trade digital assets. It has a visually intuitive interface, and processes such as account management are straightforward.

Crypto brokers provide an easily accessible and familiar avenue for trading cryptocurrencies. Alternatively, you could also trade cryptocurrencies on centralized or decentralized crypto exchanges. Founded in 1943 and headquartered in Boston, Fidelity is one of the largest financial services companies in the world and offers one of the most popular online brokerage platforms in the U.S.