The eToro wallet is protected and can hold diverse cryptocurrencies without a moment’s delay. With over 20 million users across the globe, eToro made it to our top best cryptocurrency trading platforms because of several factors. Crypto trading platforms are digital marketplaces, kind of like Walmart and Target, where you exchange money to get anything you need. But on Crypto trading platforms, you trade one digital money, a.k.a. cryptocurrency, for another to make a profit. It is a lot like foreign exchange, where people buy for or against the market. Read more about Dragonchain to Bitcoin here. Choosing a top cryptocurrency exchange from our list of crypto exchange choices allows you to buy and transfer cryptocurrencies with fiat money like USD, EUR, GBP, or CAD is wise. If you buy cryptocurrencies, you’ll need a place to keep them. Even if many wallets are out there, each has many advantages, technological requirements, and security features.
Another one of Coinmama’s selling points is the list of payment services from which it accepts funds. Although you cannot buy digital currency using digital currency, you can buy crypto using fiat currencies. However, funds do not have to be in U.S. dollars, as the exchange will accept funds in all fiat currencies. The fees charged by eToroX on crypto trading are also nominal. A 0.75% fee is charged on Bitcoin transactions, while the crypto-to-crypto trade fee is 0.1%. The fees charged on fiat currency to cryptocurrency are slightly higher than the market at 5%.
While credit card transactions cost the most, they are also the fastest to complete BTC transactions. If you’re looking for an alternative to trading cryptocurrencies, check out Hodlnaut. Hodlnaut is a savings and lending platform that focuses on Bitcoin and several stablecoins. Right now, you can have access to over 90 tokens and coins worldwide, and 50 tokens and coins if you’re in the United States. Voyager supports most major cryptocurrencies, has solid support and engagement, and pays competitive interest rates on assets. We’re proud of our content and guidance, and the information we provide is objective, independent, and free. Bittrex also offers an Instant Buy & Sell feature that lets you exchange bitcoin and other assets with the click of a button. The exchange has a maker/taker schedule that’s based on your 30-day trading volume.
Limited payment methods are a strong drawback, and so is limited international availability. Today, Gemini is renowned as perhaps the best bitcoin trading platform, but it took it a while to get here. It was founded in 2014 by Winklevoss twins, who already earned their reputation by ConnectU, an early social media platform many people see as a direct predecessor to Facebook. The owners of CEX.io ensure users that there are quite a few safety precautions in place. The site has DDoS protection, all transmitted data is encrypted, and the currencies are kept in cold storage – pretty much what every top crypto exchange does these days. What did bother us was the whole tiered system of membership to the website. Basically, if you do not verify every single part of your profile, you’ll be locked out of using certain payment methods and won’t be able to either deposit or withdraw large sums of money.
These factors included the history of the exchange, customer reviews, the fees each charge, the strength of features for each digital wallet, and the speed at which you can buy Bitcoin. Bisq supports a wide range of payment methods, including bank transfers, Chase QuickPay, Popmoney, Zelle, and Western Union. Trade fees range from 0.05% to 0.70%, depending on what you’re doing and how you pay. You can also buy and sell bitcoin and other cryptocurrencies with no added trading fees. Instead, BlockFi is the opposite party in all your trades and they will sell to you at a small markup and buy from you at a slight discount. Silvergate Capital is the holding company for Silvergate Bank, which provides financial services for digital currencies that try to keep up with the 24/7 pace of cryptocurrency trading.
However, we drafted a score sheet listed above that helped us choose the best cryptocurrency exchange platforms and came up with our top pick, BlockFi. Only a few cryptocurrency exchanges allow credit cards and bank transfers, and those that do only accept them through specialist financial institutions like SEPA. Some cryptocurrency exchanges exist solely for trading cryptocurrencies and only allow cryptocurrency withdrawals and deposits. Choosing the finest crypto exchange necessitates considering your payment preferences. Most cryptocurrency exchanges in the list accept and offer a variety of payment options. For example, some accept Visa and Mastercard payments, while others only accept bank transfers. It’s usually a bonus for leading crypto exchanges to have customer support to help you with any problems you run across. It’s disheartening when cryptocurrency exchanges, with their unclear interfaces and clumsy UX, further complicate and make it difficult to utilize.
Binance is considered one of the best fiat-to-crypto exchanges. You won’t be able to make a trade before depositing money into your account, so make sure you have enough fiat at the ready before initiating a buy. You can do so via a bank deposit, credit, or debit card, or you can use one of the third-party payment options. Kriptomat.io is a crypto exchange launched in 2018 from Estonia. It’s widely regarded as having the best mobile crypto exchange app for both iOS and Android users. Its easy-to-use platform and affordable selling/buying fees attract hundreds of users from all around the world. Kriptomat is a regulated European cryptocurrency exchange platform and a member of the International Association for Trusted Blockchain Applications . The platform operates globally but isn’t accessible to those located in the United States. One of the best crypto exchange sites on our list is run by a New York-based trust company and digital marketplace. Combine this with mostly positive Gemini reviews online and you start to get the picture.
FTX is a secure crypto exchange, and has never been hacked since its establishment in 2019. However, in saying that, even the most secure exchanges have a small chance of being hacked.
You can trade one coin for another, like Bitcoin for Ethereum, or you can buy crypto using a regular currency like U.S. dollars. Coinbase’s fee structure puts it on the pricey end compared to other exchanges, but we like the platform’s ease of use and upfront security measures, especially for beginners. When you make a transaction, you’ll be charged both a spread and a Coinbase fee. All the reviewed crypto exchanges have their unique attributes. However, Binance just edges the rest with its all-around features. Binance has the lowest fees, with 0.02% to 0.10% purchase and trading fees and 3% to 4.5% for debit card purchases. Many online trading platforms were only permitted to trade crypto for crypto a few years ago, which is why this is even a thing.
Not only can you add two-factor authentication to your account right off the bat, but the company uses an industry-standard protection called CryptoCurrencySecurityStandard. Even though this exchange lists hundreds of cryptocurrencies, it doesn’t always let your trade with them. At the time of writing, Dogecoin was unavailable for both purchasing and selling. This is quite surprising, really, considering how popular this “joke coin” is. This means you’re basically betting on the price of the coin in the future instead of actually owning it. The exchange is a website that helps you facilitate this trade.
There are more than 300 crypto exchanges that specialize in crypto only, without including apps and platforms that mix stock and other assets with crypto trading. There are more than 5000 cryptocurrencies to trade as per the data by CoinMarketCp. You can invest these digital currencies into your account using a credit or debit card. Just make sure the card is affiliated with Mastercard or Visa.
TradeStation Crypto charges 0.3% or lower on crypto trades, and unlike many other brokerages enables users to transfer crypto to a personal wallet. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Exchanges have different requirements, often depending on the type of cryptocurrency you want to buy. You may be able to buy fractional shares of coins for pennies or just a few dollars.
If you just want to earn a high return with crypto, you might consider a crypto savings account. And if you’re interested in low-cost options, note that you can also trade cryptocurrencies with fee-free brokerages like Webull and Robinhood. The catch with taking this route is that you won’t have as many crypto-specific features as you would with a Kraken or Gemini. Some of its account perks include staking rewards, recurring buys , OTC trading, crypto trading pairs, and Stablecoins . We chose Binance.US because it offers a very long list of currencies beyond the most popular digital coins. Additionally, Coinbase also offers the Coinbase Pro version with the same fee structure but significantly more options in terms of charts and indicators. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links.