Best Crypto Exchanges 2024 | 25+ Reviews | CryptoVantage (2024)

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Arthur Crowson

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Mar 27, 2024

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Best Bitcoin & Cryptocurrency Exchanges

eToro

• Great for crypto beginners
• Solid crypto/general trading platform
• Reliable company with solid trust in the community
• Fully supports credit cards for deposits and withdrawals

Funding Methodse-Transfer & Wire Transfer

Cryptocurrencies15+

Countries70+

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. Only real cryptocurrencies are available to US customers.

Visit eToroRead Review

Kraken

• Exceptionally secure exchange with proof of reserves
• Supports many different funding options
• Accepts users from across the globe including USA and Canada
• Very high trading volume

Funding MethodsWire Transfer, ACH

Cryptocurrencies185+

Countries150+

Visit KrakenRead Review

Uphold

• The ultimate anything-to-anything exchange with support for foreign currencies, crypto, precious metals and more
• Easy sign-up process with streamlined UI
• Remarkably secure with proof of assets feature
• Available to people in over 150 different countries

Funding MethodsCredit & Debit Card, Apple Pay, Google Pay, Bank Transfer, Crypto

Cryptocurrencies250+

Countries150+

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong

Visit UpholdRead Review

Coinbase

• Beginner-friendly UI make it easy to make quick buys
• One of the oldest and most reliable exchanges
• Earn $200 in free crypto after completing sign-up process. Terms apply.
• Variety of products including exchange, staking, wallet
• Advanced Trading options for experienced traders

Funding MethodsDebit & Credit Bank, PayPal, ACH, Bank Transfer, e-Transfer

Cryptocurrencies100+

Countries100+

Visit Coinbase

Read Review

Binance

• Easy sign-up process
• Lowest transaction fees of any major exchange
• 175+ different digital assets available
• Free deposits

Funding MethodsDebit & Credit Card, Wire Transfer, ACH

Cryptocurrencies175+

Countries100+

OUR TAKE

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Binance offers a relatively secure, versatile way to invest in and trade cryptocurrencies. The platform could be overwhelming for both beginners and experienced traders. Binance offers lower fees than many other cryptocurrency exchanges.

Visit BinanceRead Review

INX

• Security and crypto tokens
• Highly regulated platform
• INX Token gives trading discounts
• Invest in security tokens before the secondary market

Funding MethodsCryptocurrency, Credit/Debit Cards, Wire Transfer

Cryptocurrencies10+ (Bitcoin, Ethereum, Litecoin, AVAX, etc.)

Countries:Canada, USA

Visit INXRead Review

Bitget

• Free copy trading for users with up to 8% commission for trader who creates strategy
• Wide selection of small market cap tokens
• Low fees across all aspects of the platform
• 24-hour customer support

Funding MethodsCryptocurrency only

Cryptocurrencies184+

CountriesUSA, Canada, Australia, Europe, Korea, Japan, LATAM, India, South East Asia, Africa

Visit BitgetRead Review

Gemini

• A trusted, and secure cryptocurrency exchange
• Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS).
• Gemini Derivatives offers customers a trusted venue to trade derivatives.
• The world’s first SOC 1 Type 2 and SOC 2 Type 2 certified crypto exchange and custodian
• Multiple product offerings: The Gemini Credit Card®, Gemini Staking*, Gemini ActiveTrader, Gemini Derivatives**

Funding MethodsBanks Account (ACH), Debit card, Paypal, Wire Transfer

Cryptocurrencies80+

Countries60+

Visit GeminiRead Review

Bitstamp

• One of the longest-standing Bitcoin exchanges
• Serves over 3 million customers globally
• Regulated in the EU and USA
• Easy to understand for new users with iOS and Android apps

Funding MethodsCredit & Debit Card, Wire Transfer & SEPA

Cryptocurrencies5+

Countries75+

Sign Up NowRead Review

Bitpanda

• Trustworthy reputation
• Best exchange in Europe
• Variety of different crypto tokens available or trade
• User friendly platform

Funding MethodsDebit & Credit Card, Wire Transfer

See Also

Introduction to Cross-Tenant Mailbox MigrationsHow to transfer to a different annuity using a 1035 exchange

Cryptocurrencies40+

Countries40+

Visit BitpandaRead Review

Currency.com

• Trade with leverage up to 500x
• Buy, sell, and trade crypto and tokenized assets like ETFs, stocks, and commodities
• Trading fees for spot and leverage trading are competitive

Funding MethodsCrypto, Credit Card, Bank Transfer

Cryptocurrencies150+

Countries:UK, Australia, Canada (Limited in USA)

Visit Currency.comRead Review

Crypto.com Exchange

• One-stop shop for crypto with built-in exchange, app, lending platform, debit card and more
• Native CRO token gives users a huge variety of perks and can be staked for over 10% APY
• Potential for earning high amount of interest when storing digital assets on Crypto.com
• A long-term goal of building cryptocurrency adoption on whole

Funding MethodsCrypto, bank transfer, credit card, debit card

Cryptocurrencies200+

Countries80+

Visit Crypto.comRead Review

KuCoin

• International exchange with hundreds of different cryptos
• Extremely simple sign-up process
• Very high level of security
• Users can invest in the success of KuCoin through KuCoin Shares

Funding MethodsCrypto

Cryptocurrencies100+

Countries170+

Sign Up NowRead Review

Changelly

• Extremely low fees
• No sign-up required for non-credit card transactions
• Over 150 cryptocurrencies offered including BTC, ETH, LTC
• Sends crypto directly to your wallet instead of holding it

Funding MethodsCrypto, Credit & Debit Card, Bank Transfer

Cryptocurrencies150+

Countries30+

Visit ChangellyRead Review

Shakepay

• One of the most user-friendly exchanges
• Licensed as an official Money Service Business in Canada
• Incredibly fast with purchases taking minutes rather than hours
• All assets on Shakepay are stored offline

Funding MethodsBank Transfer, Debit Card

CryptocurrenciesBTC, ETH

CountriesCanada

Visit ShakepayRead Review

Newton

• Bills itself as the “No-Fee Cryptocurrency Exchange”
• Partnership with Plaid gives high-level of security
• Excellent on-ramp for Canadian cryptocurrency users
• Offers cryptocurrencies that are sometimes hard to find in Canada

Funding MethodsDirect Deposit, Wire Transfer, Crypto

Cryptocurrencies40+

CountriesCanada only

Visit NewtonRead Review

CoinSwitch

• Easy to use
• Massive selection of cryptos with 300+ trading pairs
• No registration required
• Excellent support program with 24/7 live chat

Visit CoinSwitchRead Review

Beaxy

• Easy sign up
• Mobile app
• Great loyalty program that utilizes Beaxy Coin
• Good exchange for using fiat to buy crypto

Funding MethodsBank Account, Credit & Debit Card, Wire Transfer

Crypto assets available20+ including BTC, ETH, BSV, Beaxy Coin

Platforms supportedWindows, MacOS, Android, iOS

Visit BeaxyRead Review

Guardarian

• Exchange over 250+ cryptos and 50+ fiat options with no registration
• Get a physical or virtual crypto card to spend crypto globally
• Multiple funding options available for deposits and withdrawals

Funding MethodsUSD, GBP, EUR (50+ Fiat currencies)

CryptocurrenciesBTC, ETH, ADA, SOL (99+ Cryptocurrencies)

CountriesMost (but several restricted countries)

Visit GuardarianRead Review

FTX

• Solid platform for experienced traders looking to put in large amounts of volume
• Competitive fees compared to other exchanges
• Headquartered in Hong Kong
• Huge selection of cryptocurrencies

Funding MethodsDebit & Credit Bank, Bank Transfer, Cryptocurrency, ACH

Cryptocurrencies290+

Countries300+

Visit FTX

bitFlyer

• Very low fees
• Heavy volume
• Works closely with regulators to remain compliant with all laws
• Different interfaces for beginners and advanced traders
• Highest trading volume for BTC/JPY trading pair

Funding MethodsBank Account, Credit Card, Debit Card, Wire Transfer

Cryptocurrencies10+ (Bitcoin, Bitcoin Cash, Ether, Lisk, Ethereum Classic, Monacoin, Litecoin, Tezos, XRP)

HeadquartersJapan

Visit bitFlyerRead Review

Mexo

• Supports a variety of fiat currencies
• Derivatives trading available
• Demo account can be used before trading real money
• Free deposits and withdrawals

Funding MethodsBank Account, Credit Card, Debit Card, Wire Transfer

CryptocurrenciesBitcoin (BTC), Tether (USTD), and more

Visit MexoRead Review

Pionex

• 16 automated trading bots available for free
• Large selection of trading pairs and assets
• Pionex is one of the biggest market makers for Binance and Huobi

Funding MethodsCryptocurrency only

Cryptocurrencies200+

CountriesMost (but several restricted countries)

Visit PionexRead Review

OKCoin

• Solid on-boarding option for new crypto users
• Top 50 exchange with significant trading volume
• Competitive fee structure
• Simple, easy-to-use interface with mobile app

Funding MethodsCrypto, Credit & Debit Card, Bank Wire, ACH, SEPA

Cryptocurrencies22+ (Bitcoin, Ethereum, Polkadot, Tether)

HeadquartersSan Francisco, CA

Visit OKCoinRead Review

YoBit.net

• Participate in DeFi on YoBit with YoFarms
• Automate your trades to make money while sleeping with RoboTrade
• Swap between an enormous selection of trading pairs

Funding MethodsCryptocurrency only

Cryptocurrencies400+

CountriesUSA, Europe, Canada, Australia, Korea, Japan, LATAM, India, South East Asia, Africa

Visit YoBit.netRead Review

Amber Group

• Comprehensive crypto platform with lending, exchange and more
• Focused on institutions and high-net worth individuals
• Large suite of cryptocurrency trading tools
• VC backing from some of the world’s biggest funds

ProductsLending, swaps, cards, payments, DeFi

CryptocurrenciesBitcoin, Ethereum, Polkadot, Solana and more

HeadquartersSingapore

Visit Amber GroupRead Review

What is a Crypto Exchange?

Cryptocurrency exchanges are similar to the ones available for traditional fiat currencies like USD, EUR or CAD.

You simply add funds to your exchange account and than you can swap that currency for a different one. Many people make their first deposits on cryptocurrency exchanges with fiat currency and then trade it for cryptocurrency like or .

Once you’ve acquired cryptocurrency you can also trade it for a different cryptocurrency. So you can trade your Bitcoin for Ethereum or your Ethereum for Litecoin or Polkadot. There literally thousands of different trading pairs available on different cryptocurrency exchanges around the world.

Your cryptocurrency account can be funded through your bank using ACH in the USA or SEPA in Europe. Most of the better crypto exchanges also offer you the ability to buy the top cryptocurrencies directly with your credit or debit card.

Once you purchase cryptocurrency on the exchange, you may want totransfer it to a secure walletthat you control. If you decide to leave your digital currency on the trading platform then you are free to engage in cryptocurrency trading. Top cryptocurrency exchanges offer competitive trading fees, have high trading volumes, easy to use trading platforms and top-quality customer support.

Most people use cryptocurrency exchanges for three distinct reasons:

1. To buy cryptocurrency like Bitcoin or Ethereum
   
2. To sell cryptocurrency for fiat currency like USD or EUR
3. To trade one cryptocurrency for a different one

Why Do I Need an Exchange?

There are other ways to buy cryptocurrencies, including peer-to-peer trading and ATMs, but exchanges are the easiest way to trade fiat currencies for cryptocurrencies or to simply purchase cryptocurrency from the comfort of your home. With an exchange, you do not have to meet up with someone in person to buy cryptocurrency, and the fees are typically much lower than with Bitcoin ATMs.

The best crypto exchange for you depends on your needs. If you are exchanging Bitcoin for USD or CAD, you may need a cryptocurrency exchange that offers competitive rates for transferring fiat currencies to your bank account. If you are planning on cryptocurrency trading or simply are interested in diversifying your portfolio with a few different digital assets then you will want to peruse our crypto exchange reviews for the top crypto exchange in terms of trading fees, volumes, and transaction fees.

Here’s a video explaining how exactly crypto exchanges work:

What Are the Best Crypto Exchanges?

Listed below are some of the top Cryptocurrency exchanges. Users will have different preferences for their exchanges so it’s worth taking a little time and comparing the options. In addition some exchanges will not be available in certain jurisdictions.

Here’s a quick breakdown of the best crypto exchanges:

• Best All-In-One Solution: eToro
• Best Security and Low Fees: Kraken
• Best for Beginners: Coinbase
• Best for Alternative Assets: Public.com
• Best for Experienced Traders: Binance
• Best Mobile App: Crypto.com

Do All Exchanges Accept Credit Card or Bank Transfer?

Not allcryptocurrency exchanges accept credit cardand bank transfer deposits, and some only support these methods through specific financial institutions such as SEPA. Some cryptocurrency exchanges exist only for trading cryptocurrency and therefore only accept deposits and withdrawals in cryptocurrency.

It is a good idea to pick a top crypto exchange from our crypto exchange reviews that allows you to buy and sell cryptocurrency with fiat currencies such as USD, EUR, GBP, or CAD. Each cryptocurrency exchange will offer different fees for the varying deposit and withdrawal methods that they accept, so we recommend figuring out how you would like to fund your account and whether you are planning on trading or holding your digital currency. Once you have determined that, you can look through our crypto exchange reviews for the exchange that will make your funds go the farthest.

An example of a crypto exchange dashboard. Credit: Coinbase.

What Should I Look for in a Crypto Exchange?

We’d argue that security is easily the most important factor for a crypto exchange because if you can’t trust an exchange with your coins than every other feature of the service is essentially pointless.

Other than security, however, there are some features that you should look for in a good crypto exchange:

Customer Support

It’s especially important to have good customer service and support when you’re just getting started with crypto. Good customer support will help you with your crypto questions and issues.

Available Cryptocurrencies

Bitcoin and Ethereum are available on nearly every exchange but there are thousands of different coins that might be of interest to you. Make sure the exchange you’re interested in offers the digital assets that you’d like to trade.

Fees

Crypto exchange fees are extremely important to high-volume traders because it cuts into their bottom line. If you’re new to crypto then paying a 2% fee on your initial purchase isn’t the end of the world. But if you plan on making lots of trades you should probably find a low-fee exchange.

Payment Methods

You’ll likely want to use a debit card, bank transfer, wire transfer or credit card to fund your account. Some exchanges offer limited payment methods, however. Make sure the crypto exchange you’re signing up for offers the payment method of your choice. The best crypto exchange might not be the best for you if you can’t make a deposit.

Are Crypto Exchanges Safe? A Security Checklist

Over the couple years crypto exchanges have been in the news for all the wrong reasons. It’s not exactly a new development, however. Since the inception of Bitcoin there have been nefarious actors in the industry who have lost customers funds through deceit or negligence.

Fortunately reliable exchanges do share some common characteristics. The following is a checklist or cheat sheet for anyone looking for a better quality of crypto exchange. While it will be hard to find an exchange that checks all these boxes, the best crypto exchanges should have the majority covered.

Here some of the security factors you should consider when choosing a crypto exchange:

1. Is crypto secured in cold storage?

Cold storage is the best way for crypto to be stored and any decent exchange will hold the majority in cold storage.

2. Are customer funds held 1:1?

A proper exchange should hold your crypto for you. Period. There should be no trading or lending of customer assets.

3. Does the exchange have some form of proof-of-reserves?

Proof-of-reserves is a relatively new concept (and it’s not 100% foolproof) but it definitely does not hurt. Keep in mind that many exchanges list proof-of-reserves but not liabilities, which somewhat defeats the purpose. Publicly listed exchanges are arguably even better as their books are essentially open to the public.

4. Where is the exchange licensed?

Some jurisdictions are better than others for proper crypto regulation. The USA, Canada, U.K. and Japan all have strong reputations for crypto licensing. Some exchanges even offer partial insurance on users fiat currency. In addition good exchanges should go through regular security audits.

5. Is there KYC (Know Your Customer)?

KYC can be a pain but it’s also a sign that an exchange is regulated. Beware of exchanges that don’t require any form of identification. It’s also important an exchange uses encryption to protect customer’s information.

6. Is it possible to withdraw crypto?

Not everyone wants custody of their own crypto but it’s important to note that if an exchange doesn’t let you actually let you withdraw crypto than you are really just holding an IOU for crypto, rather than the real thing.

7. Does the exchange have a good reputation?

Even the biggest exchanges can fail but — in general — it’s a good sign when an exchange has successfully operated through multiple bear markets (and bull markets for that matter). Beware of newer exchanges that offer huge yields or unrealistic products.

Kraken is renowned for providing Proof of Reserves. Credit: Kraken

I Bought Crypto. Now What?

The crypto you bought is now on the cryptocurrency exchange and is stored in your exchange wallet. This is considered a non-custodial wallet, meaning you do not have complete control over your crypto assets stored in your wallet, the exchange does. Since exchanges deal with massive volumes of money and store large quantities of assets at many wallet addresses, they are an extremely tempting targets for hackers. The best crypto exchanges cycle assets to cold storage to reduce their exposure in the rare event of a hack. Here’s a look at the top 5 safest crypto exchanges.

The safest thing you can do with your cryptocurrency is to store it in a software or hardware wallet to which you hold the private keys. Software wallets are often free and are certainly a step up in security compared to keeping them on the exchange. Hardware wallets such as the Ledger Nano X or Trezor Model T are some of the best ways to store your assets in cold storage, meaning your crypto assets are offline, with no connection to the internet, making it extremely low risk of being hacked. Here are some of the best cryptocurrency wallets on the market today.

An example of a cryptocurrency hardware wallet.

Once you’ve secured your crypto there are a variety of different things you can do with it including the following:

• Send it to friends and family or clients
• Stake it to earn a passive yield
• Use it to buy NFTs
• Play around with DeFi
• Trade crypto with the goal of earning a profit
• Nothing. Simply hold it until it’s (hopefully) worth more

Why Do People Store Crypto on Exchanges?

Conversely there are a few interesting reasons why you may choose to store assets on the exchange instead of transferring them to a wallet:

Staking

Many exchanges offer both hard and soft staking options through their exchange. Hard staking means you have no access to those assets for the staking period and earn interest on that amount, while soft staking means you have the flexibility of taking the assets when you want and interest is often added daily. Top crypto exchanges such as KuCoin, Coinbase, and Binance offer both these options.

Events

Some exchanges offer trading competitions with rewards, where the top volume traders for an asset have a chance to win crypto or even physical prizes such as cars or electronics. Some of the top exchanges have gotten very creative with their events.

Crypto.com Exchange has an event which they call The Syndicate. Staking a minimum of 10,000 of their native token, CRO, for 180 days, gives users access to these events. During this 24 hour Syndicate, users have the ability to purchase a cryptocurrency offered at that Syndicate at a discount. This discount can be anywhere from 25%-50% off market price. Once the event has ended, users receive their discounted digital assets. Having these events has pushed CRO to the borderline of being a top 10 asset.

Convenience

While storing your assets on the exchange does come with the risk of exposing your assets, having them readily accessible to be traded for other cryptocurrencies or exchanged for fiat currencies is very convenient. Plus, each transaction you make sending to and from an exchange incurs a network fee. If you are likely to trade an asset, it makes more sense to leave it on the exchange. This is enable you to save on fees and increase your total income.

In addition some users may not trust themselves to secure their own crypto. While crypto is all about self-sovereignty, there’s nothing inherently wrong with using a highly-trusted exchange for custodial services.

How Do the Major Cryptocurrency Exchanges Compare?

That is the question that all our reviews strive to answer. We have created informative guides to some of the most popular cryptocurrency exchanges and how they directly compare with each other based on attributes like beginner friendliness, fees, customer service, and features.

The best crypto exchange for you may not be the ideal exchange for a more experienced trader, it all depends on your specific needs.

Here is a look at some of our most popular comparison articles:

Are crypto exchanges the only way to buy crypto?

Do I have to pay tax on crypto gains?

How to crypto exchanges make money?

Are cold wallets better than exchanges?

Are crypto exchanges 100% safe?

What happened to FTX?

What all can I buy on a crypto exchange?

Do crypto traders make money?