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By Alexander Reed
Last Updated: Apr 24, 2025
Co-author
By Anthony Clarke
Picking the best crypto exchanges is crucial for secure, efficient, and profitable trading. With countless platforms available, selecting the right one can make or break your investment journey.
This article presents a curated selection of the best Bitcoin exchanges, thoroughly reviewed by our team. We highlight their major advantages, such as security features, fees, and user experience, while also addressing potential setbacks.
These following picks aren’t just popular — they’re considered the best exchange platforms by experienced traders around the world.
➕ What We Like: This platform will automatically offer you the lowest-rate trading pairs.
➖ What to Consider: Relatively new in the market.
Company Overview
Best Wallet is a versatile crypto ecosystem that adopts Web3 with user-friendly features and extensive user resources. Best Wallet is not a centralized crypto exchange and may be different than what you might be used to. However, that might just be a good thing. Best Wallet is primarily known as a crypto wallet, however it is truly a one stop shop for all of your Bitcoin and digital asset needs. It ensures secure, decentralized transactions and enhances trading efficiency. Best Wallet also specifically targets presale buyers, offering crucial information like launch dates, token allocation, and purchase details, alongside DYOR tools such as roadmaps and social metrics.
The Best Wallet ecosystem supports over 60 cryptocurrency chains and offers more than 20 cross-chain bridges. Users are free to use both same-chain and cross-chain bridges. The platform currently supports the Ethereum, BNB Smart Chain, and Polygon chains. As soon as the app is migrated to Fireblocks, Bitcoin, Solana, XRP, Base, and all major blockchains will be rolled out.
The platform automatically matches users to the lowest-rate trading pair for your desired swap, meaning you can always get the best price on trades, saving money on transactions. This also means that there is no set trading fee when using this exchange. However, most users consider it worth it, as the platform does the job for them and provides minimum secondary costs to the investing process.
Best Wallet offers a smooth experience for managing your cryptocurrency portfolio, allowing you to effortlessly import existing wallets or create a new one directly within the app. Switching between wallets, viewing assets, and executing trades is easy and intuitive. One standout feature is the multi-wallet view, which provides a comprehensive overview of all your wallets and their individual asset values, topped off with a total assets value at the top. This makes it simple to track your entire crypto holdings in one convenient place, giving you full control and clarity over your investments.
KYC isn’t required to register with Best Wallet, but many other security measures have been implemented. The platform is currently secured by Web3Auth (soon to be replaced with Fireblocks). The main resources for recovering (and logging in to your Best Wallet account) are via Google/Apple/email account.
The entire Best Wallet ecosystem prides itself on an easy-to-use interface. Whether you’re buying, sending, depositing, or swapping cryptocurrencies, this platform runs every transaction smoothly, and you can complete it in just a few clicks.
Visit Best Wallet
➕ What We Like: MEXC offers multiple earning opportunities, including staking, airdrops, bonuses, and MX events.
➖ What to Consider: Limited payment options.
Company Overview
Founded in 2018 in Seychelles, MEXC is a centralized crypto exchange with over 10 million users across 170+ countries. Recognized as “Best Crypto Exchange Asia” in 2021, it stands out for its rapid transaction processing of 1.4 million per second. MEXC offers spot and futures trading with low fees. New users can claim a 1,000 USDT sign-up bonus and join future competitions.
Used by more than 10 million customers, the MEXC cryptocurrency exchange allows investors to trade over 1,000 crypto tokens. The platform stands out by charging 0% spot trading fees, offering fast execution speeds, and offering access to over 2,000 trading pairs. It’s one of the best crypto futures trading platforms. Leverage trading up to 200x is applied on large-cap tokens such as Bitcoin, Solana, and Ethereum.
MEXC charges no deposit fees for platform deposits, but third-party deposits incur fees when buying USDT. Withdrawal limits vary by account type: 80 BTC for Primary accounts and 200 BTC for Advanced accounts. Trading fees range from 0.000% to 0.100%, with spot trading at 0.100% for both makers and takers, and futures trading at 0.000% for makers and 0.020% for takers. Withdrawal fees depend on the cryptocurrency; for example, BTC costs 0.0002, ETH costs 0.002, and some coins like NEKO, 3D3D, and A5T have zero fees.
MEXC offers Savings and Simple Earn features for earning yield. Traders can choose between locked savings for long-term holders and flexible savings for short-term traders. Simple Earn provides passive income on BTC, ETH, USDT, and USDC, with APRs ranging from 0.38% to 1.25%. Additionally, MEXC allows borrowing USDT and TON at a 0.01% daily interest rate, with loan periods of 30, 50, or 90 days. These tools cater to traders’ earning and borrowing needs.
MEXC requires KYC verification, which has two variants: primary and advanced. The primary KYC verification has a daily withdrawal limit of 80 BTC, while the advanced KYC verification has a withdrawal limit of 200 BTC.
The platform is reliable and complies with regulatory standards, such as AML and anti-terrorism funding regulations, the FCA, and the CySEC. MEXC also performs regular audits and compliance checks.
MEXC is a versatile platform that caters to new and experienced traders alike. It features a user-friendly interface and provides educational resources to support learning about the crypto market. Beginners can use the demo trading feature to practice and explore various strategies, while advanced traders can enhance their techniques through the copy trade feature.
Visit MEXC
➕ What We Like: Advanced trading tools.
➖ What to Consider: Futures trading isn’t available in the US.
Company Overview
Kraken, founded by Jesse Powell in 2011, is a top-tier cryptocurrency exchange renowned for its low fees, high-end security, and diverse features. After Mt. Gox’s collapse in 2014, Kraken helped process claims, solidifying its reputation. Operating globally, except in Washington state and New York, it has raised over $130 million and boasts high liquidity, 24/7 support, and transparent reserves verified by independent audits.
Notably, Kraken made history as the first crypto firm to secure a bank charter in Wyoming. With a staggering 207 billion quarterly trading volume, it remains among the most dominant brands in the crypto world.
The platform supports over 340 cryptocurrencies and more than 200 trading pairs. Many well-known coins and currently trending tokens, good for short-term investors, are available to trade. It’s important to point out, though, that not all cryptocurrencies are available in every region. Funding options are rather extensive, from crypto to fiat deposits.
Feature
Instant Buy/Sell Fees
Spot Trading Fees
Futures Fees
None
Varies by asset
3%
Included in price
ℹ️ Fees are different for Kraken Pro users.
Kraken Pro is a complete powerhouse for professional traders, packed with advanced tools like detailed charts, technical indicators, and multi-market comparisons. It supports diverse order types and offers a fully customizable interface for seamless portfolio tracking. Users can effortlessly switch between spot trading, margin trading, and staking.
While it lacks the instant buy feature, its low fees (0%-0.26%) and extras like price alerts, futures trading, and a desktop app make it a standout. Existing Kraken users can access Kraken Pro instantly via the App Switcher — no separate sign-up is needed. Perfect for traders seeking precision and flexibility.
The Kraken crypto exchange has a reputation for being one of the safest crypto exchanges currently available to traders. A plethora of security measures are in place to secure user accounts, including 2-factor authorizations, SSL encryption of the website, time locks when users are away, account timeouts, and more. The company works with both internal and external security auditors to make sure your investments are safe.
The simplicity of buying crypto on Kraken is great news for any beginner, but veteran investors who don’t like the fuss of an elaborate interface will also enjoy it. The UI is clean and intuitive, even with Kraken Pro’s advanced tools and offerings.
Visit Kraken
➕ What We Like: High leverage options of up to 100x.
➖ What to Consider: A relatively scarce cryptocurrency assets offering.
Company Overview
Launched in 2019, Margex is a top Bitcoin and crypto exchange platform that offers referral rewards, fast execution speeds, and liquidity from 12+ exchanges. Users are required to pay a fee of just 0.06% per transaction and can also stake BTC to earn passive income.
Since its launch, Margex has expanded globally, now serving 500,000+ registered users across 153 countries. Its suite of features includes copy trading, crypto conversion, staking, price alerts, and an integrated wallet.
Margex provides access to 32 cryptocurrencies, featuring some of the top new crypto releases and established ones such as Bitcoin, Ethereum, Solana, and BNB. Users with diversified portfolios can also find meme coins like Dogecoin. With over 45 trading pairs, the most popular options are BTC/USD, ETH/USD, and SOL/USD.
When it comes to trading commissions, Margex applies 0.060% taker fees and 0.019% maker fees. These trading fees are applied whenever a trader’s order is executed on the market. There are also funding fees to keep in mind — each time a position is carried into a new 8-hour period, this fee will be charged. Funding rates are -0.12%.
While there are no Margex fees for deposits or withdrawals, it’s important to note that actual funding rates can vary, and blockchain miner fees do apply.
Margex has introduced a demo trading feature that allows users to explore its platform without the need to create an account — a strategic decision that simplifies the process for potential customers. This demo feature enables users to experience Margex’s charting tools and trading environment without filling out any registration forms. It’s perfect for beginner traders!
The demo account provides an authentic trading experience by replicating real market conditions, including order books, prices, market depth, and volatility. Additionally, users have full access to the charting interface, complete with technical indicators, offering a comprehensive preview of the platform’s capabilities.
Although somewhat unregulated, Margex employs several security measures. The user account security encompasses 2FA, SSL, data encryption, email confirmations for all withdrawals, and password resets. 100% of all assets are stored offline, in cold storage. The platform monitors asset movements 24 hours a day, alerting users of any changes. Margex is very particular with its listing — it will never list any assets with low liquidity and manipulated hype.
This crypto exchange provides a positive overall user experience. Account registration is quick and easy, requiring only an email and password. Depositing funds is seamless, with options for both crypto and fiat money.
The trading dashboard is user-friendly. It allows traders to select coins and customize pricing charts, making it beginner-friendly for technical analysis. The mobile app is also well-optimized for smaller screens, ensuring smooth navigation.
Visit Margex
➕ What We Like: Top-notch security measures with two-factor authentication, biometric verification, and more.
➖ What to Consider: Coinbase fees are higher compared to other exchanges.
Company Overview
Coinbase enables individuals and institutions to buy, sell, store, and manage a wide range of cryptocurrencies. Coinbase has an iron-clad reputation in this industry and other than complaints about customer service this exchange has a squeaky clean reputation. The platform is known for being exceptionally regulatory compliant. The intuitive interface makes it accessible to beginners and veteran traders. Coinbase also offers advanced trading features through its premium account and provides additional services such as staking, decentralized finance (DeFi) access, and educational resources to promote crypto adoption.
Currently the largest crypto exchange in the US market, Coinbase offers over 18,000 digital assets and they are the perfect place to diversify your crypto investment portfolio. New Coinbase listings are posted regularly on the website for those looking to try their luck on some short-term trades. Apart from cryptocurrencies, you can also buy and sell non-fungible tokens on the platform.
Transactions of up to $200 are considered smaller and have a fixed-fee system, as follows:
The transaction of over $200 will vary, mostly depending on your payment method.
Coinbase’s most coveted feature is trading — specifically, Advanced Trade, previously known as simply Coinbase Pro. This is a must-have platform for any experienced trader, with an entire suite of tools built to set you up for success. The most notable options include interactive charts with technical indicators like EMA, MA, MACD, and RSI, drawing tools, staking, borrowing, and advanced order types.
It mandates two-factor authentication (2FA) for all users, requiring a unique code for logins and transaction authorizations. Specially developed machine-learning systems monitor transactions to detect and prevent suspicious activity at all times. Coinbase also provides an insurance program covering up to $250,000, though it excludes losses from user errors like mistakenly authorized transactions, scams, or credential loss.
Overall, users are satisfied with their experience with Coinbase’s tools and apps. With a simple interface and CTAs placed intuitively, even those using it for the first time will not find it overly difficult.
Visit Coinbase
➕ What We Like: Wide range of payment options and an extensive list of supported cryptocurrencies.
➖ What to Consider: Customer service could be improved.
Company Overview
OKX is a Seychelles-based cryptocurrency exchange founded by Chinese entrepreneur Star Xu in 2013 and launched in 2017. Rebranded from OKEx in early 2022, it ranks as the fourth-largest global crypto exchange by trading volume at the moment.
While OKX provides Web3 services in the US and even has a Silicon Valley office, it does not offer exchange services here. The platform features include spot trading, derivatives (futures, margin, perpetual swaps, and options), a wallet, trading bots, OKX Earn, and Jumpstart.
With $2.6 billion trading volume in the last 24 hours, the exchange supports more than 350 cryptocurrencies and over 500 trading pairs. It’s available in over 100 countries.
📋 Here is the full list of available digital assets on OKX.
OKX charges up to 0.020% for futures makers and 0.050% for takers. The options fees are capped at 0.030% for both. Withdrawals incur a network fee, which varies based on blockchain congestion. Check the withdrawal page for specific amounts.
The best part of OKX is, by far, its trading instruments and tools. OKX offers perpetual and expiry futures trading with up to 100x leverage. The platform provides various order types — such as limit, market, trailing stop, and stop-limit orders — along with tools to support diverse trading strategies, similar to its spot market features.
OKX is verified by well-known security experts like Slowmist and Certik. The platform provides account security, a cyber defense unit, comprehensive regulatory compliance, and 24/7 support.
OKX’s intuitive interface is easy for newcomers, with easy guides to assist them every step of the way. The platform also boasts advanced tools like customizable orders and charts for seasoned users.
Users who like to trade on the move will be pleased to hear that the mobile app meets the highest market standards.
Visit OKX
➕ What We Like: The largest selection of digital assets on the market.
➖ What to Consider: Ongoing issues with regulatory compliance.
Company Overview
With an overall market cap of $1.3 billion, Binance is currently the leading crypto exchange in the market. Although founded in China, the regulatory crackdowns forced the company to move to Japan, and subsequently to Malta. It currently has no physical headquarters.
Despite all of the issues that have followed the company throughout its existence, the platform handles 21.47 billion in daily trades and serves 250 million traders worldwide today. The growing crypto ecosystem has since expanded to include DeFi, NFTs, and blockchain services.
There are around 350 cryptocurrencies you can buy, sell, and trade on Binance. However, only 150 are available in the US at the moment. Many fiat currencies (EUR, AUD) are accepted on the platform, as well. Apart from Bitcoin, all the biggest altcoins you would want to buy are available on Binance.
The fee structure requires lower fees for higher-volume trades. The maker/taker fees for regular users are 0.1000%/0.1000%, while VIP members will pay up to 0.0900% for maker and up to 0.1000% for taker fees. If you purchase crypto with your credit card, the fee is around 2%.
If we focus solely on Binance.us, it’s clear that it’s just a simplified version of the global platform. One of the main benefits is that you can trade against a USD – with USD. The same platform offers staking for PoS token holders, as a way of participating in the networks without having the (usually) necessary technical knowledge.
The platform ensures that user accounts are as safe as possible. This includes various levels of protection that start with the user and the KYC verification. Binance offers real-time monitoring of activity across the accounts. The strict sign-in protocols protect users from theft attempts.
Binance offers a smooth onboarding on the platform, which can be helpful for crypto newbies. According to the company itself, one of its main aims with the brand is to make it completely user-centric and improve in that area every year. Their 250 million users are a real testament to this success.
Visit Binance
➕ What We Like: A wide range of excellent trading bots.
➖ What to Consider: Not regulated by FCA.
Company Overview
Pionex is a user-friendly crypto exchange serving over five million global customers. It offers spot and futures trading starting with just 0.05% maker and taker fees. Pionex also has built-in trading bots, including grid trading bots that automate your trading strategies. With attractive APYs on staking and savings products, Pionex offers a well-rounded platform for both beginners and advanced crypto traders.
The platform currently lists over 400 cryptocurrencies and 500 trading pairs. Apart from well-known digital assets, you can always find new, high-risk, high-reward cryptos and allocate smaller sums of money to them.
Transaction fees on Pionex are as follows:
Standard Account
Spot
0.100%
0.050%
ℹ️ Fees are lower for VIP-tier users.
Pionex is known primarily as a trading bot platform. The company boasts 12 bots, all with specific purposes and use cases. From the original GRID Trading Bot to TWAP Bot, if you’re interested in automated trading strategies, there is no better place to look than on Pionex. It’s, however, best to use them with caution, especially if you’re a beginner. While these bots can boost your profit margins, you can also lose substantially more money than with traditional trading.
Pionex is well-regulated and considered generally safe. Once you verify your identity via KYC, you can enable two-factor authentication for an extra layer of security. The official website recommends using a unique email address and password when interacting with the platform, among some other security considerations.
The platform interface is visually pleasing and intuitively structured. Even though it specializes in trading bot tools, you can still do your trading business manually if you choose to. The mobile apps, thanks to their simple use and fully functional tools, are also met with overall positive reviews.
Visit Pionex
Exchange
Best Wallet
MEXC
Visit Kraken
0.019% (maker)
Visit Margex
Visit Coinbase
Visit OKX
Visit Binance
Visit Pionex
Cryptocurrency exchanges are online platforms where people can buy, sell, or trade digital currencies like Bitcoin, Ethereum, and others. Think of them as a marketplace for cryptocurrencies, similar to how a stock exchange works for stocks. Users can exchange one type of cryptocurrency for another or trade cryptocurrencies for traditional money like dollars or euros.
It’s important to understand that not all cryptocurrency exchanges are alike. Some allow you to trade with other users, while other exchanges will only sell you cryptocurrency directly. Some will not even give you the actual coins but will only allow you to speculate on the price.
Let’s break down the different types of exchanges.
Let’s break down the different types of exchanges.
Brokers are sites that simplify the buying process by allowing you to buy coins through them directly at a premium. When you buy from broker sites, the process is usually much simpler and less confusing, but it’s also more expensive.
Trading platforms are sites that connect buyers with sellers anonymously in an automated form. This means that you buy from people who’ve placed sell orders on the site without ever communicating with them directly. The platform usually takes a small fee for the service.
Conducting transactions on trading platforms is usually the cheapest way to get bitcoins or other coins, but it’s often not very user-friendly. Trading platforms have advanced options, such as limit-orders and stop-losses, that can confuse inexperienced users.
Also, when you place an order, it may not be fulfilled immediately due to a lack of sellers at the price at which you want to buy.
Some trading platforms allow you to trade CFDs (Contracts for Difference). This means you’re basically betting on the price of the coin in the future instead of actually owning it.
While CFDs are very appealing due to their ease of use, they don’t allow you possession of the actual coins. The process is the equivalent of betting on the fact gold will rise in price instead of actually buying gold.
You won’t be able to withdraw the cryptocurrency you bought into your wallet. The only thing you’re doing is buying (or selling) a contract regarding the coin’s price in USD, EUR, or some other form of government currency.
CFDs also allow you to leverage your bets by borrowing money from them (also known as margin trading). While this can give you a great upside for successful trades, it also holds a lot of risk of losing your money very quickly.
Bottom line – CFDs are very risky and are more suitable for experienced traders.
⚠️ CFD trading is currently illegal in the US.
Some trading platforms offer assets from multiple different asset classes. Such platforms typically offer major cryptocurrencies alongside assets such as stocks, commodities (including precious metals), and foreign currencies. These platforms make it easy to trade between all types of assets within a single app. This is useful for traders who wish to easily shift some of their portfolios from different asset classes to crypto and vice versa.
P2P (Peer-to-Peer) platforms connect buyers and sellers directly so they can negotiate on a price. While major P2P crypto exchanges usually allow for a wider array of options (payment methods, supported countries, etc.), they also hold a large amount of risk because you’re buying from an unvetted individual.
Your location can impact which crypto trading platforms are available and what features you can use. Some of the best bitcoin exchanges might be accessible globally, while others operate under regional restrictions or offer localized versions.
Understanding regional availability is important for users to understand, whether you’re looking for the best bitcoin trading platform, the cheapest crypto exchange, or reliable crypto sites with advanced tools.
In this section, we’ll explore which cryptocurrency exchange platform works best in different areas and highlight how regulations affect access. From the biggest crypto exchanges to emerging players, we’ll help you find the right fit no matter where you’re trading.
Choosing among the best crypto exchanges requires careful consideration of factors such as security, fees, supported cryptocurrencies, user experience, and regulatory compliance. By prioritizing these elements and aligning them with your trading goals, you can select a platform that not only meets your needs but also safeguards your investments.
Always conduct thorough research and rely on trusted, authoritative sources to ensure your decision is informed and secure. With the right exchange, you can confidently navigate the dynamic world of cryptocurrency trading.
See Also:
The “best” crypto exchange depends on individual needs. Best Wallet is a hot favorite for swapping crypto and its versatility. On the other hand, users rate Coinbase highly, especially for beginners, given its user-friendly interface. Kraken and Margex also fare well when it comes to experienced traders because of their advanced features and lower fees.
Major crypto exchanges available in the US include Kraken, Best Wallet, Coinbase, and Crypto.com. These platforms are compliant with US regulations and offer services to American users.
Most US-based crypto exchanges like Kraken and Coinbase are required to report user transactions to the IRS. Some offshore or decentralized exchanges might not report to the IRS, but using these platforms may still require self-reporting for tax purposes, and they often come with higher risks.
Margex is known for having some of the lowest fees among US exchanges, with a maker-taker fee model that starts at 0.06%. Other low-fee options include Kraken and Binance.US.
Coinbase and Kraken are considered the safest crypto exchanges due to their strong security measures.
While Binance is the most popular worldwide, we recommend OKX due to its friendly user interface and global accessibility.
Binance is one of the most popular exchanges with a high number of altcoins. OKX is another great option, especially for users who live in regions that may be restricted by other exchanges.
Okcoin. “Licenses and Regulatory Compliance.” Okcoin, https://www.okcoin.com/licenses.html.
Binance. “Update on Binance for UK Users.” Binance Blog, https://www.binance.com/en-GB/blog/all/update-on-binance-for-uk-users-937596818854026589.
ESMA (European Securities and Markets Authority). “Markets in Crypto-Assets Regulation (MiCA).” ESMA, https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica.
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