Best Crypto Exchange Platform Trusted by the Most Users in 2023

Best Crypto exchange is that one which allow traders to purchase, sell, and convert various cryptocurrencies and NFTs (non-fungible tokens). Our objective is to find the best cryptocurrency exchanges that completely meets your needs. They are essential for the scale at which digital assets are exchanged today. While some offer specific financial solutions, some exchanges provide the most competitive rates or speeds.

Continue reading to find out more about the top cryptocurrency exchanges, how they operate, and which one you ought to choose.

01. Best For Beginners: Coinbase

02. Best For Earning Interest: Nexo

03. Best For Low Fees: Binance

04.Best For Security: Gemini

05. Best For Decentralized Exchange: Bisq

06. Best For Day Trading:  Bitstamp

07. Best For Mobile App: Crypto.com

08. Best For Altcoin: BitMart

09. Best For Bitcoin: CashApp

10. Best For Advance Trading: Kraken

Best Crypto Exchanges in 2023

Even though we all want to invest in cryptocurrencies, it can be difficult to discover the best exchange for our needs. Since every one of us has unique needs, no one platform can meet them all. We, therefore, came up with a concept. For you, we've compiled the top ten platforms. These platforms are each the finest in their specific way. Continue reading to find out what works effectively for you.

Coinbase - Best Crypto Trading Platform For Beginners

Number of Tradable Cryptocurrencies: 231

Transaction Fees: 0.40% - 0.00% / 0.60% - 0.05%

Account Minimum: $2

Our first pick is Coinbase as the best crypto trader. Beginners will love it. The Coinbase platform does an amazing job of lowering the entry barrier for investing in cryptocurrencies with a straightforward onboarding process that eases customers into trading. The design of the platform makes it simple to navigate and manage cryptocurrency simultaneously.

A large range of easily accessible and comprehensive instructional tools are provided by Coinbase. Users are encouraged to use these tools through the Coinbase Earn program. It will instruct you on how to trade specific cryptocurrencies and compensates them with free cryptocurrency.

The exchange's security features are worth addressing as a last point. On all iterations of its platform, Coinbase implements two-factor authentication. 98% of clients' cryptocurrency is kept offline. Additionally, it has a protection plan for custodial accounts up to $250,000 (in line with per-depositor FDIC coverage limits). Because of these effective safeguards, Coinbase is ultimately worthwhile despite its higher costs.

Users who appreciate Coinbase but would want more sophisticated charting and trading tools might want to check out Coinbase Pro, the company's second exchange platform.

Why We Chose It?

We selected Coinbase as the top cryptocurrency exchange for newbies because of its user-friendly interface. It also has rich instructional resources on topics like volatility and blockchain, and strong security features.

Nexo - Best Crypto Exchange For Earning Interest

Number of Tradable Cryptocurrencies: 8+

Transaction Fees: $0

Account Minimum: $0

With Nexo, users can utilize their crypto assets as collateral to earn high-interest rates or lend out their assets to acquire cash loans. The Nexo platform has several benefits, including the opportunity to earn interest on fiat money, daily paid interest, and being user-friendly. A few drawbacks include the dearth of crypto assets and the need to keep Nexo tokens to receive extra perks.

Nexo, a company that offers savings and lending for cryptocurrencies, is authorized and regulated in 200 nations and comes highly recommended. It is provided by certified custodians, BitGo, and is insured against theft up to $100 million. Investors can have a piece of mind knowing their money can be recovered in the event of a security breach or hack thanks to Nexo's insurance policy. Given that some of the biggest DeFi attacks have happened recently, this is essential.

Why We Chose It?

We selected Nexo as the best for earning interest because users cfan earn up to 10% p.a. On Bitcoin, crypto, stablecoins and flat currency. Though the total cryptocurrencies available on this platform is really low, it is a great opportunity to earn more cryptos.

Binance - Best Low Fees Crypto Exchange

Number of Tradable Cryptocurrencies: 130+

Transaction Fees: 0.10% spot-trading fees 

Account Minimum: $10

With good reason, Binance.US is one of the best crypto traders in the world. It appeals to traders of all stripes due to its extremely low fees and wide selection of cryptocurrencies. According to CoinMarketCap.com, Binance.US continues to rank among the top 10 cryptocurrency exchanges worldwide.

Many Americans, though not all, can access Binance.US. It's vital to know that residents of Vermont, Hawaii, New York, and Texas cannot use this crypto exchange.

More than 130 different cryptocurrencies are available in the US. Although there are fewer cryptocurrencies available here than parent firm Binance does for people elsewhere. But it should cover the majority of cryptocurrencies that a person could be trying to trade. It also permits the staking of 19 various cryptocurrencies, including Ethereum, Cardano (ADA), Polkadot (DOT), Polygon (MATIC), Solana (SOL), and The Graph (GRT), with rewards of up to 12.5% annual percentage income on advertising (APY).

Additionally, Binance.US has extremely low fees and great security ratings. There are several Bitcoin (BTC) pairs that can be traded completely fee-free. Users residing in the company's countries have a great choice among the several cryptocurrency exchanges available worldwide thanks to this user-friendly platform.

Why We Chose It?

The top cryptocurrency exchange for low fees is Binance.US, in our opinion. By trading volume, Binance is the biggest cryptocurrency exchange on the planet. A competitive maker/taker fee system with a 0.1% cap is one of its best features. As your trading volume rises, this cost gradually decreases from its modest starting point.

Gemini - Best Crypto Exchange For Security

Number of Tradable Cryptocurrencies: 100+

Transaction Fees: 0.5% - 3.49%; depending on payment method and platform

Account Minimum: $0

In terms of security, Gemini is among the top cryptocurrency exchanges. They have cutting-edge security features, secure data storage practices, and superior account security. You can't go wrong with Gemini if you're looking for a secure location to purchase, sell, and store cryptocurrency.

According to Gemini, the majority of its customers' cryptocurrency cash is kept in cold storage, often known as offline wallets. Because cold storage isn't susceptible to hacking, this increases security. They have FDIC insurance to cover cash deposits up to $250,000 per client and insurance plans to cover digital assets kept in hot wallets online.

Two-factor authentication (2FA) is mandatory. Two-factor authentication (2FA) requires you to provide two forms of authentication, like your password and a code sent to your phone. This lessens the chance of someone breaking into your account.

You have the choice to set up authorized withdrawal addresses. If you do, only wallet addresses on your whitelist/allowlist are permitted to withdraw cryptocurrency from your account.

They undergo penetration testing and security audits regularly. Both exchanges have bug reward programs in place, and they frequently hire outside researchers to look for potential security flaws.

Why We Chose It?

Due to its strong security mechanisms, user fund insurance, and SOC 2 certification, Gemini has been chosen as the cryptocurrency exchange with the finest security.

Bisq - Best Decentralized Crypto Exchange

Number of Tradable Cryptocurrencies: BTC, XMR, ETH, DASH, LTC, ZEC

Transaction Fees: 0.0012 / 0.0088 BTC per 1 BTC or 14.21 / 104.24 BSQ per 1 BTC

Account Minimum: 006 BTC

Due to its superior adherence to the Bitcoin concept, Bisq was selected as the top decentralized exchange. It is entirely decentralized and offers unlimited support for currencies.

Formerly known as Bitsquare, Bisq brings centralized exchange features like a simple, user-friendly interface and broad coin support to a decentralized environment. Personal savings and donations from the platform's users are used to fund the project. Since the platform was developed with open-source software, anyone can view its design.

Bisq does not require users to provide personal information to trade on the site. It also doesn't allow any third party to carry out bitcoin transactions. It's a great substitute for Bitcoin supporters seeking access to a wide range of other currencies. Decentralized exchanges rarely support so many digital assets—and fiat money—at once.

Furthermore, the platform's security features, such as multi-signature and a security deposit mechanism, improve the inherent security and privacy of decentralized exchanges by ensuring that both sides behave honestly. The money they use for trading is entirely within their control.

Why We Chose It?

Because it enables users to purchase and sell bitcoins securely and discreetly from anywhere in the globe, Bisq is our choice for the finest decentralized exchange. 

Bitstamp - Best Cryptocurrency Exchnage For Day Trading

Number of Tradable Cryptocurrencies: 70+

Transaction Fees: 0.0% Maker Fee / 0.0% Taker Fee On transactions less than $1,000

Account Minimum: 0.1 ETH

For those just entering the cryptocurrency world, Bitstamp may be a wise choice. It provides access to many well-known altcoins in addition to the top cryptocurrencies.

Low costs are one of the most important criteria when selecting a day-trading cryptocurrency platform. Certainly, Bitstamp satisfies this requirement. With a minimum position size of just $10 for assets denominated in USD, you can invest in cryptocurrencies starting at 0.5% per trade. Bitstamp is the best platform for day traders because the minimum trade amount for BTC-denominated assets is merely 0.0002 BTC.

Traders whose monthly trading volume exceeds $10,000 will only pay 0.25% per trade-in fee. When it comes to filling your account, Bitstamp permits ACH deposits with no deposit fees. Although you can choose to buy cryptocurrency instantly with a credit or debit card if you choose, withdrawals are also free via ACH. However, there is a 5% transaction fee associated with this.

Users can trade using their browser or the mobile app, which makes the Bitstamp trading experience exceptional. Although Bitstamp's "Tradeview" tool is geared more toward seasoned investors, both are appropriate for day traders. This platform is perfect if you want to day trade cryptocurrency because it offers detailed order book information, several technical indicators, and complex order types.

Why We Chose It?

One answer to this question is the low fee. The pricing structure is reasonably competitive. There are no fees for deals for less than $1,000 on the platform. Most trading pairings require a trade to be worth at least $10. There are additional withdrawal charges. For instance, the price for withdrawing Bitcoin is 0.0005 BTC, or around $8.50.

Crypto.com - Best Crypto Exchange Mobile App

Number of Tradable Cryptocurrencies: 250+

Transaction Fees: 0.075% Maker / 0.075% Taker

Account Minimum: $0

After debuting in 2016, Crypto.com has made a name for itself as one of the top cryptocurrency exchanges worldwide. It works with more than 250 cryptocurrencies and is available in 90 nations worldwide.

The Crypto.com mobile app, however, is what jumps out. Crypto.com put a lot of effort into creating an app that provides a variety of goods and functions. Through smartphone apps, users may buy, sell, trade, and pay with cryptocurrencies as well as earn interest on their holdings.

Multiple levels of security are in place on Crypto.com to thwart cyberattacks and cryptocurrency fraud. It includes routine software peer-review, a regulated custodian bank account for fiat currency, and offline cold storage for all forms of cryptocurrency. Along with a password, biometric, email, phone, and authenticator verification, multifactor identification is also used.

Crypto.com has a wide selection of products and features, but poor customer service. You will also wind up paying trading costs of up to 0.075% unless you trade at bigger volumes.

If you're looking for a top-notch mobile crypto trading experience, Crypto.com is probably your best option due to its variety of products and features, as well as the sheer amount of supported assets.

Why We Chose It?

Because it offers a comprehensive environment for trading and investing in digital assets, Crypto.com was selected as the best mobile cryptocurrency exchange app.

BitMart - Best Cryptocurrency Exchange For Altcoin

Number of Tradable Cryptocurrencies: 1000+

Transaction Fees: 0.25% for price makers and takers. 

Account Minimum: $0

BitMart is a worldwide cryptocurrency exchange that was established in 2017 and is accessible in more than 180 nations. There are more than 1,000 digital currencies and tokens available for users to purchase, sell, and store.

It costs nothing to deposit money. At all levels, the trading fee is the same for makers and takers (Ordinary Users). The standard charge is 0.25%. The traders will receive a 25% discount if they pay their transaction costs with BMX tokens. The quantity of BMX possessed determines the level of the Ordinary user.

BitMart offers a mobile app for Android and iOS as well as a web-based platform for trading and investing in digital assets. The extensive variety of tradable assets and all the advanced features required by experienced traders are available. On the other side, newbies can use the purchase and sell feature of the platform. It enables customers to purchase Bitcoin (BTC) and other cryptocurrencies with PayPal, Apple Pay, Visa, and Mastercard.

In December 2021, BitMart experienced a security breach that cost the company $196 million in customer cash. Even though BitMart has committed to compensating users, the attack has severely damaged the exchange's reputation.

Despite the negative, BitMart will satisfy the needs of cryptocurrency traders who are interested in trading a variety of lesser-known cryptocurrencies.

Why We Chose It?

BitMart is the clear winner in the best for altcoins section. It enables users in more than 180 nations to buy and sell more than 1,000 cryptocurrencies.

Cashapp - Best Crypto Traders For Bitcoin

Transaction Fees: $0

Account Minimum: $0

If you merely want to try out Bitcoin or need another platform for speedy bitcoin transfers, the Cash app is a perfect choice. It gives you the option to maintain custody of your currencies, in contrast to other non-dedicated cryptocurrency exchanges. This alone justifies giving it a shot.

The fact that the in-app wallet is custodial is the major disadvantage of utilizing Cash App to purchase and store Bitcoin. Your virtual currency is held on your behalf by the corporation. Despite their potential for convenience, custody wallets are seen to be less secure than noncustodial wallets. To move your cryptocurrency into a personal wallet where you control the private keys, you can withdraw your Bitcoin from Cash App.

The different Bitcoin trading fees charged by Cash App are only made clear after you confirm a purchase or sell transaction. When trading bitcoin, Cash App uses the mid-price and tacks on a spread fee.

Why We Chose It?

It enables you to purchase, sell, and store Bitcoin from your smartphone easily and securely. This is why we believe the Cash app is the best for exchanging bitcoins.

Kraken - Best Crypto Exchange For Advance Trading

Number of Tradable Cryptocurrencies: 120+

Transaction Fees: Flat 0.9% fee for stablecoins, 1.5% for other cryptos

Account Minimum: $10

One of the most reputable cryptocurrency exchanges in the world, Kraken was founded in 2011 and is accessible throughout much of the globe. Investors can use it to purchase, sell, and store more than 185 cryptocurrencies. Additionally, Kraken Pro, its professional-grade trading platform, has reasonable pricing.

At the beginning of the crypto market, this feature-rich exchange became the preferred choice for expert investors. It kept up its standing as a trustworthy and expert trading venue.

Kraken offers two platforms: Kraken, which is used for trading, and Kraken Pro, which is used for professionals. The exchange's Pro dashboard offers 13 different order types, fully customizable chart analysis tools, in-depth order book knowledge, and quick execution. Users of Kraken can trade cryptocurrencies on margin and employ derivatives contracts in addition to spot trading.

Kraken Pro charges very little in comparison to its regular platform, where quick buy costs can be rather substantial (up to 1.5%). High-volume traders can reduce trading costs with Kraken Pro's tiered fee structure. Kraken Pro maker fees start at 0.16% and taker fees start at 0.26% for traders with 30-day volumes of less than $50,000. For traders with 30-day rolling volumes over $10 million, maker fees can decrease to 0%, while taker fees can decrease to 0.10%.

Why We Chose It?

Because of its pro version, we believe Kraken to be the ideal platform for advanced trading. Active trading platform Kraken Pro is accessible by smartphone or web browser. It contains more thorough asset data, such as live charts and an overview of open orders. Pricing for Kraken Pro is significantly less than for the main Kraken platform. Pricing is determined by your 30-day total trading volume. A taker charge of 0.26% or a maker fee of 0.16% is applied to the majority of trades.

Crypto Exchange Fees - How to Minimize Costs

When looking for the best crypto trader, fees are one of the primary issues. A bitcoin investor's wallet may experience a variety of effects from fees. Here are some pointers to reduce cryptocurrency fees.

Trade commission-free on an exchange

Some platforms don't charge commissions for stock trades, like Fidelity and Robinhood. Some exchange transactions charge taker costs, even while creators pay lower or no fees. Some exchanges also charge spread fees. Fees are often associated with advanced trading options.

Purchase Cryptocurrency Using Coins

Fees for the withdrawal and the corresponding deposit into your digital wallet are likely to apply when you convert cryptocurrency into fiat — government-backed — cash.

However, trading with coins might be cost-free. Think about employing this tactic to cut or get rid of your bitcoin costs.

Observe Transaction Amounts

Many cryptocurrency exchanges charge a proportion of the value traded, so if you trade $10,000 and the fee is 0.10%, you might be charged $10. A fixed cost may be offered in some circumstances, but generally speaking, the larger the transaction, the more you'll pay.

Select your transaction types carefully

You could wish to sell a bitcoin investment, but do you require fiat money to do so? If not, you might be able to exchange it for another cryptocurrency investment and withdraw your money with little penalty.

You might be charged for making deposits into your digital wallet. There might also be fees associated with converting cryptocurrencies to fiat money.

Use promotions to offset cryptocurrency fees

There are several sign-up bonuses and other promotions that let you access free cryptocurrency on cryptocurrency exchanges. The impact of fees on your portfolio balance will be lessened.

Best Crypto Traders Methodology

We chose the factors before we even began looking for the best crypto traders. We aimed to include the most popular search terms. Consequently, you may find all the facts in one location. To avoid making this article too long, we were only able to select 10 metrics.

It's time to select the best ones now that our main criteria have been decided upon. For each criterion, we looked into more than 10 exchanges. Before making our top picks, we gathered over 1000 data points utilizing readily available information. We also read in-depth reviews to learn how user-friendly the site is. Our key priorities are security and exchange fees. Because we wouldn't want to pay significant fees as investors. Additionally, nobody wants a platform that is simple to hack. Along with platform accessibility, cryptocurrency availability, and customer support alternatives, we also considered.

Guide to Choose the Best Crypto Exchanges

There are several excellent cryptocurrency apps available. You must choose which qualities are most important to you to select the best crupto exchange. Here are several to think about.

• ‍Security

Cryptocurrency has increased in value and popularity, making it a prime target for hackers. Tens of millions of dollars have been lost as a result of hacking attacks on well-known exchanges like Binance and KuCoin. By distributing your cryptocurrency purchases among several exchanges, you can reduce your risk. Alternately, develop the practice of moving your cryptocurrency holdings from the default wallet of exchange to your own private "cold" wallet. They are virtually unhackable. However, you must carefully note your passcode or you risk losing all access to your crypto.

• ‍Available Coin

Examine the available cryptocurrencies on different exchanges in detail. You might be alright using a cryptocurrency exchange that only deals in a few coins. On the other hand, if you're a crypto-lover, you might desire access to all over 600 that are offered on Gate.io.

• ‍Educational Resources

If you're just starting with cryptocurrencies, seek a user-friendly platform. It would be better if they offer a wealth of educational materials to aid in your comprehension of this intricate, quickly evolving market.

• ‍Accessibility

Finally, just because you can visit a website doesn't mean that an exchange is accessible in your nation or even state. Numerous state and federal governments are still determining exactly how they want to handle cryptocurrencies in terms of law and taxes.

• ‍Fees

Paying outrageous fees is a waste of money, whether you're choosing a bank, a brokerage, or the best cryptocurrency exchange. Find out how much it will cost to deposit, withdraw, and trade before you start an account. Additionally, it's crucial to confirm that the options for deposits and withdrawals are good for you. Check and compare several exchanges.

• ‍Trading Volume

The availability of coins alone is insufficient if no trades are occurring. The ideal situation would be to confirm that there is enough trading activity in your desired currencies to assure liquidity.

Low-volume markets could result in lower sales. If there isn't enough volume, you can find yourself buying or selling for more or less than you intended. Keep in mind that in the U.S., transaction kinds including the latter are still developing, thus the offerings of various exchanges may alter over time.

• ‍User Experience

An exchange that is simple to use and navigate is always a bonus, regardless of whether the user is a newbie or an expert. To determine whether it is sufficiently user-friendly for you, you can speak to people or read reviews. Also, inspect their customer services.

Best Crypto Exchange - FAQs

How Much Are Fees for Crypto?

Generally speaking, cryptocurrency exchanges charge between 0% and 1.5% for every deal, depending on whether you're a maker (buyer) or taker (seller). If you set aside $1,000 to invest in cryptocurrencies, the transaction fee could range from $0 to $15 on average.

How Many Crypto Exchanges Are There?

It's difficult to estimate the current number of crypto exchanges because they are not registered with any central authority. Tracking this figure is made more difficult by the possibility of many exchanges being put up and then shut down after a little period.

More than 270 exchanges are listed on CoinMarketCap as of December 11, 2022, with Binance, Coinbase, and FTX ranking as the three largest.

How to Create My Own Crypto Exchange Account?

You must first enter a few pieces of personal data, such as your name and email address. You will then receive an email from the exchange verifying your ownership of the associated address. The next step is to include a payment method.

The three procedures listed above will be sufficient for some users. However, you may need to go through a more involved "Know your Client" (KYC) procedure, which is just identity verification, depending on the exchange. You'll need to verify more information about yourself if you're interested in making larger trades.

Final Words

Cryptocurrency trading is a high-risk strategy that often entails purchasing and reselling cryptocurrencies to generate quick cash. Anyone with an interest in trading cryptocurrencies need to be familiar with the best crypto exchanges.

Additionally, you ought to keep up with your favorite cryptocurrency. Because of this, we suggest utilizing a single platform that provides access to all currency-related data. Compared to often scouring Google for updates, it is a lot simpler. UnBlinked compiles all cryptocurrency data, including those from Defi, DEX, and even CEX. We get ready everything for you.

Use the bitcoin portfolio tool provided by UnBlinked to keep track of all your prior transactions and balances. View your actual gains and losses on a dashboard.