Just keep in mind that you’re trading security for access to a limited number of coins. Though you can trade over 180 coins with Binance, this is significantly lower than some other top exchanges. However, you can stake 25-plus coins, which is one of the higher selections of stakeable coins on our list. You can reach customer support via chat, email and phone, as well as learn from Coinbase’s blog and crypto guides. Gemini is one of two exchanges on this list that allows traders from all 50 states.

In 2023, Binance and its then-CEO paid a fine of more than $4 billion following an SEC investigation that found that the firm was violating antimoney laundering laws. You also have the option to stake 19 types of assets, earning up to 16.1% in rewards. We appreciate Kraken’s 24/7 customer support via chat, email and phone—as well as the wealth of information it provides through its blog and beginner-friendly crypto guides. However, bear in mind that when using this option, it may not always be possible to directly exchange a cryptocurrency for any other digital currency you like. You will usually be limited to the pairs that are supported by the platform. Now it’s time to withdraw the funds from your account, but you’ll follow different processes depending on whether you have purchased fiat currency or cryptocurrency.

Why did we choose Coinbase?

Some downfalls of the platform are its limited coin selection topped with high spreads on instant trade and lack of live customer support should you run into any immediate issues. Bitstamp’s platform is designed to be simple to use and is intuitive even for beginner crypto traders. If, however, you’re a more advanced trader, the Bitstamp Pro platform offers in-depth charts, several order types and a suite of analytical tools.

Along with its mobile capabilities, Crypto.com is also best for Bitcoin. The platform offers a wide array of trading, from derivatives to regular long-term investments. The company has a reasonable fee structure, which also applies to its mobile platform. However, depending on their 30-day trade volume, users can expect maker fees to be between 0.08% and 0.25% and taker fees to be between 0.18% and 0.50%. VIP users who hold a tiered amount of Cronos (CRO) can enjoy additional benefits, such as discounts on maker/taker fees and debit card rewards.

PrimeXBT – The best exchange for trading crypto futures and CFDs with high leverage

There are over 200 copy traders to choose from, and each specializes in perpetual futures. The copy trading tool has a profit-sharing fee that ranges from 10% to 50%. Markets cover the best altcoins to buy, including Ethereum, Dogecoin, Avalanche, and Solana. PancakeSwap is a decentralized finance (DeFi) platform built on the BNB Chain, best known for its automated market maker (AMM).

In some countries, crypto exchanges are subject to strict regulations concerning counter-terrorism financing and anti-money laundering. Gathering certain details about customers is required in order to comply with these regulations. Cryptocurrency brokers will typically offer the simplest, most convenient option for purchasing digital currency. The broker will purchase digital tokens and coins at wholesale rates, add their own margins, and sell them to you. If you’re serious about trading and want access to high leverage, risk-free practice tools, and flexible trading options, BYDFi is definitely worth looking into.

• Tony Frank is an accomplished cryptocurrency analyst, author, and educator whose work bridges the gap between complex blockchain technology and accessible, actionable insights for global audiences.
• We like Uphold’s user-friendly trading platform and the ability to trade 300-plus coins.
• Sellers can set their own prices and decide which payment methods to accept.
• In many cases, you can purchase fractional shares of coins like bitcoin or ethereum.
• Speaking of CRO, it actually comes with a bunch of perks if you’re willing to stake it.

Additional Fees

The main reason why Crypto.com is so popular goes far beyond its marketing campaigns. It’s one of the best crypto exchanges for mobile-first traders and Bitcoin holders. The crypto exchange has sound security standards, a commitment to compliance, and third-party audits that ensure its security infrastructure operates at a high level. It’s also one of the few crypto exchanges to offer FDIC and crypto insurance to help further safeguard traders’ accounts.

Coinspeaker in Numbers

These exchanges often require KYC verification, where users provide identity documents to meet regulatory standards and unlock higher trading limits. BingX offers a P2P exchange that supports over 300 payment methods, including local transfers and e-wallets. P2P traders can buy USDT in over 65 fiat currencies, and many sellers have small minimum requirements of just $5. This feature ensures cryptocurrencies are stored safely and that users transact without needing approval from third parties.

On the trading side, the exchange charges 0% fees for spot trades and just 0.010% for futures takers, which is highly competitive. Currently, Hyperliquid can be used to trade over 100 different cryptocurrencies, and traders can access leverage of up to 50x. Like with centralized exchanges, traders on Hyperliquid can choose between market orders and limit orders.

MEXC – The best exchange for discovering and trading newly listed coins

This makes it a go-to exchange for traders looking to gain early exposure to new market opportunities. Crypto.com is a major crypto exchange that offers a full suite of services for cryptocurrency traders and investors. This includes spot trading, derivatives trading, staking, crypto swaps, a Visa card for spending cryptocurrency balances and much more. Nevertheless, Uniswap has become a go-to platform for trading promising tokens before they are listed on centralized exchanges. Trading fees are 0.01%, 0.05%, 0.30%, 1% depending on the liquidity pool.

Interactive Brokers lacks key features like staking and supports a limited number of coins. But its relatively low fees and the platform’s integration with noncrypto asset trading make it a worthy contender. Binance.US is best for those who want low fees, access to a broad selection of crypto and the ability to earn rewards through staking. In fact, Binance.US wins the top spot on our list for coin staking.

• In 2024, hackers discovered a vulnerability and attempted to extort nearly $3 million from Kraken’s treasury.
• Other fees include a 2.50% fiat transfer fee for using PayPal and a $25 wire transfer fee for fiat withdrawals.
• Users can invest in cryptocurrencies in under two minutes without needing to provide personal information or ID documents.
• PrimeXBT also integrates professional-grade charting tools, indicators, and technical analysis features, making it a suitable choice for experienced traders who rely on precision and flexibility.

What is the safest crypto exchange?

They give you a platform where you can place different types of orders to buy, sell or Cryptocurrency Exchanges trade cryptocurrencies with other users. According to Binance, it’s the largest staking platform in the U.S. We do like its staking offerings, though its trading fees are on the higher end, and several hacks in recent years call the exchange’s security into question.

Smaller, less established coins pose even more risks, with liquidity and market manipulation being a serious concern for crypto holders. While Kraken operates in many countries, the exchange is not available in all 50 U.S. states, such as Washington, New York, and Maine. Furthermore, in many other states, additional restrictions apply to activities such as staking, payment services, funding, and custody. Prospective clients interested in a specific service should check if it is legal in their respective state.

Investors have a wide range of earning tools at their disposal, from fixed and flexible savings accounts to dual investments and liquidity mining. These products allow users to earn competitive APYs on their crypto balances. Best Wallet is our top pick for the best crypto exchange for beginners in 2025.

As such it has to suffice much higher standards when it comes to transparency of its operations compared to privately held exchanges. OKX stands out by offering live reserve data and user verification tools, allowing customers to independently check their funds’ backing at any time. Visit OKX Proof-of-Reserves(OKX PoR explainer/lab) for the latest transparency report. Proof-of-reserves (PoR) is a critical transparency feature—a process where exchanges publicly demonstrate that they hold enough assets to back customer balances.

Kraken is not available to residents of Maine, New York or Washington. And though staking is offered, you won’t be able to stake coins if you live in California, Maryland, New Jersey or Wisconsin. Although laws and guidelines are gradually being implemented to protect consumers against fraud in this industry, it’s worth bearing in mind that plenty of dodgy exchange operators still exist. The best way to avoid scams is to research exchanges and ensure that they are reputable before signing up. Consider whether you want to trade fiat-to-crypto, crypto-to-crypto, or a combination of both.

While Uphold offers video courses so traders can gain knowledge no matter their level of experience, its customer service is limited. We like Uphold’s user-friendly trading platform and the ability to trade 300-plus coins. More than 20 coins are available to stake, which is a competitive offering.