Top 10 Cryptocurrency Exchanges

Cryptocurrency exchanges are websites where you can register to buy and sell Bitcoin and other alternative coins. Some exchanges operate with cryptocurrencies only, while others allow trading with USD or local currencies.

Here is a list of the top Bitcoin and cryptocurrency exchanges based on security, popularity, and past history. We’ve based the security ratings on CER security research and the popularity ratings on Nomics statistics.

Buying Bitcoin or other crypto with regular currencies, like USD or EUR, requires an identity verification for all exchanges.

cryptocurrency exchanges

Binance

Binance offers a great combination of safety, user friendliness, cryptocurrency support, and low fees.
# Crypto Coins – 1100+ supported
97%
1100+ supported
Fees – Very low
97%
Very low
Ease of use – Relatively easy
95%
Relatively easy
Security – 3rd in the world
98%
3rd in the world
  • The biggest exchange by trade volume
  • Most popular cryptocurrency exchange
  • Identity verification is needed to use fiat (USD, EUR)

Coinbase

Coinbase is the most user-friendly exchange of all. However, the fees are high, and it is not very suitable for trading.
# Crypto Coins – 30+ supported
72%
30+ supported
Fees – High fees
79%
High fees
Ease of use – Very easy to use
100%
Very easy to use
Security – #2 in the world
99%
#2 in the world
  • Beginner friendly
  • Has easy-to-use mobile app
  • Available in 103+ countries
  • Long identity verification is required to register

Kraken

Kraken is one of the most trusted and secure exchanges. It has the highest trading volume in EUR currency.
# Crypto Coins – 20 supported
75%
20 supported
Fees – Very low
96%
Very low
Ease of use – Relatively easy
86%
Relatively easy
Security – Best in the world
100%
Best in the world
  • The most secure exchange
  • The biggest EUR trading exchange
  • Identity verification is needed to use fiat (USD, EUR, GBP, JPY)

KuCoin

Kucoin is a cryptocurrency-only exchange and it does not work with regular currencies like USD, which means you cannot buy crypto with a credit/debit card.
# Crypto Coins – 150+ supported
91%
150+ supported
Fees – Very low
96%
Very low
Ease of use – Relatively easy
86%
Relatively easy
Security – Excellent security
97%
Excellent security
  • Newest coins are usually listed here first
  • Has an intuitive mobile app (Android, iOS)
  • Identity verification is needed to use fiat

Bitstamp

Bitstamp is an exchange regulated by the EU, and if you are a European union citizen, you can claim back your money if the exchange gets hacked.
# Crypto Coins – 5 supported
50%
5 supported
Fees – Very low
96%
Very low
Ease of use – Oriented towards traders
78%
Oriented towards traders
Security – High
88%
High
  • Regulated by the EU, so your money is safe if you are an EU citizen
  • Fast SEPA transfers
  • Long identity verification process

Bithumb

Bithumb is targeted mainly for South Korean users. The only currency it supports is South Korean won (KRW). Bithumb has advanced trading features.
# Crypto Coins – 70+
87%
70+
Fees – Very low
97%
Very low
Ease of use – Trader friendly
89%
Trader friendly
Security – Previously hacked
76%
Previously hacked
  • The biggest Korean (KRW) exchange
  • Advanced charts and order types
  • Fiat deposits not available for non-Korean residents
  • Oriented towards Korean users

Coinbase Pro

Coinbase pro (GDAX) is designed for traders. It offers lower fees and more trading features than Coinbase.
# Crypto Coins – 45+ supported
82%
45+ supported
Fees – Very low
97%
Very low
Ease of use – Trader friendly
92%
Trader friendly
Security – #2 in the world
99%
#2 in the world
  • The 2nd most secure exchange
  • Oriented towards traders (advanced charts and order types)
  • Identity verification is required to use the exchange

Gate.io

Gate.io works only with cryptocurrencies and it is not suitable for beginners. Slightly higher than normal fees.
# Crypto Coins – 180+ supported
90%
180+ supported
Fees – Low
90%
Low
Ease of use – Trader friendly
86%
Trader friendly
Security – Very high security
95%
Very high security
  • No deposit fees and low withdrawal fees
  • High liquidity
  • Identity verification is not mandatory
  • No fiat currencies supported

Bittrex

Bittrex is a US-based crypto exchange that supports only USD bank transfers for deposits. It is very secure, and relatively easy to use.
# Crypto Coins – 300+ supported
75%
300+ supported
Fees – Very low
90%
Very low
Ease of use – Relatively easy
90%
Relatively easy
Security – Excellent
96%
Excellent
  • Very good customer support
  • Offers lots of cryptocurrencies
  • Can’t withdraw without providing identity verification

Summary

If you are new to cryptocurrencies, you can register with Binance and Coinbase, as they are the most beginner friendly. Other crypto exchanges offer different features like margin trading, support for different fiat currencies (GBP, KRW, CNY), and alternate cryptocurrencies.

However, you should not keep all of your coins on a cryptocurrency exchange, because it can get hacked or banned and you could lose some of your money. Consider moving some portion of your coins to a desktop, mobile, hardware, or paper wallet. One of the best features of Bitcoin is that you don’t need to rely on an exchange, bank, or somebody else to protect your money.

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