Choosing the best crypto exchanges can be challenging since there are more than 200 active providers in the crypto industry. This is where our guide may come in handy. We tested and reviewed some of the best places to trade cryptocurrency to help you find the one that suits you best.

We’ll also show you how to choose the best cryptocurrency exchanges, that is, which factors to consider.

Top Cryptocurrency Exchange Comparison

Platform

Account Minimum Fees Digital Assets

Create Account

Coinbase

$2 between 0.05% and 0.60% (taker)

between 0.00% and 0.40% (maker)

260+

Kraken

Depending on the crypto Free 200+

OKX

None Peer-to-peer trading comes with zero fees 320+

MEXC

None 0% spot maker fee, 0.1% spot taker fee; 0% futures maker fee, 0.01% futures taker fee 2,000+

Margex

$10 0.060% taker fee (market orders) and 0.019% maker fee (limit orders) 8

Binance

$1 Free Bitcoin trading on select pairs, 0% fees on Tier 0 pairs 150+

Bybit

None Taker fees range from 0.0100% to 0.1000%; Maker fees range from 0.0000% to 0.1000%, depending on the VIP level 1,230+

PrimeXBT

0.001 BTC 0.05% trading fees on margin accounts, 0.1% maker, and a 0.2% taker fee on futures 100+

BingX

Depending on the crypto and used network most pairs come with a 0.1% maker and a 0.1% taker fee 750+ 

KCEX

Depends on the crypto No deposit fee; Withdrawal fee depends on the network, ranging from 1 USDT to 15 USDT. 200+

KuCoin

$1 0.1% base maker and taker fee for spot trading   700+

Paybis

$4 2.49% 90+

Pionex

0.0001 BTC 0.020% (maker), 0.050% (taker) 379+

What Are the Best Crypto Exchanges?

When comparing cryptocurrency exchanges, we base our criteria on numerous factors, such as fees, supported assets, and security. Here’s what makes these crypto exchanges stand out.

1. Coinbase


best crypto exchanges coinbase

+ What We Like: Coinbase is suitable for individuals, businesses, and developers.  

What to Consider: Transaction fees are higher than industry averages.

Coinbase is a centralized crypto exchange that supports over 260 digital assets and more than 300 trading pairs. It is also the best crypto exchange in the USA for individuals, businesses, and developers. Coinbase offers trading, commerce, staking, and development tools. Moreover, this cryptocurrency exchange platform has an intuitive interface suitable for both beginners and advanced traders. Plus, it has its native NFT marketplace.  

Regarding trading fees, taker and maker fees range between 0.05% and 0.60% and 0.00% and 0.40%, respectively. There are no deposit fees, while withdrawals range from zero to $25, depending on the method.

Coinbase also offers a staking option that comes with an APY of up to 9%. Likewise, its members will get to use its native self-custody wallet. However, as of January 2023, the Coinbase Wallet doesn’t support BCH, ETC, XLM, and XRP.

2. Kraken


best crypto exchanges - kraken

+ What We Like: Kraken has a simple user interface even for those with no crypto experience.

What to Consider: It accepts only a few fiat currencies.

Kraken is a major cryptocurrency exchange and one of the best US crypto exchanges. It supports over 240 coins, including Bitcoin, Solana, Ethereum, Dogecoin, and Cardano. Kraken also accepts a few fiat currencies: USD, EUR, and CAD.

Apart from buying and selling crypto at spot rates, the exchange allows users futures trading and margin accounts, which are riskier products beneficial to advanced trading strategies. With a robust user base of 10 million and availability in over 190 countries, this is a trusted global platform and one of the best cryptocurrency exchanges.

This is also one of the best places to trade cryptocurrency. Many consider it the cheapest Bitcoin exchange because of its relatively low Bitcoin withdrawal fees, which is really important when comparing cryptocurrency exchanges.

Kraken’s simplicity makes it accessible even to those without any crypto experience, so it’s also one of the best crypto exchanges for beginners. Moreover, Kraken’s Learn Center provides a wide range of educational materials to help you get started.

Not only is it one of the US crypto exchanges with the lowest fees, but it also allows you to start staking your assets and earn up to 10% APR in rewards every year.

3. OKX


best crypto exchanges - okx

+ What We Like: OKX offers up to 500% APY on in-demand tokens like Ethereum.

– What to Consider: The exchange might be too tricky for beginners.

OKX is one of the best decentralized crypto exchanges that supports over 320 crypto tokens and 40+ blockchains. This is also one of the best P2P crypto exchanges that offers a simple, express purchase option, as well as peer-to-peer trading with zero fees.

OKX is tailored for experienced traders. Namely, traders will have access to limit, stop, and conditional orders, which will give them complete control over their trades. They’ll also be able to use crypto trading bots, take flexible loans, and use its non-custodial Web3 wallet.

This exchange supports multiple yield-earning options with fixed and flexible terms ranging from 15 to 120 days. OKX is available in 100+ countries, and its daily trading volume amounts to $4.76 billion, which makes it ideal for daily traders. In addition, investors can use its native token, OKB, to generate passive income and get trading fee discounts.

4. MEXC


best crypto exchanges mexc

+ What We Like: MEXC supports over 1,600 different cryptocurrencies you can invest in.

– What to Consider: The withdrawal fees are a bit pricey.

We’ll start our crypto exchange reviews with MEXC, one of the best crypto exchanges for beginners. This platform supports a diverse portfolio of over 2,000 crypto assets. It has a user-friendly interface and offers a demo trading feature for beginners to practice their trading skills. MEXC also offers advanced charting tools for professional traders.

In addition, this platform offers zero maker fees for spot and futures trading and competitive taker fees of 0.1% and 0.01%, respectively. 

MEXC got the number one spot on our top crypto platforms list because it focuses on protecting user assets. Namely, this platform ensures a 1:1 proof-of-reserve for users’ assets in different crypto wallets, including major currencies like ETH, BTC, USDT, and USDC. It also provides a savings feature with attractive APRs that go up to 25%.

5. Margex


best crypto exchanges - margex

+ What We Like: Margex specializes in high-leverage derivatives trading.

– What to Consider: It doesn’t have a huge selection of crypto trading pairs.

Margex is one of the best no-KYC crypto exchanges that specializes in derivatives trading. It enables its users to trade crypto derivatives for 100x leverage, which allows them to increase their trading positions and improve their potential. Investors can also use Margex’s live demo feature to test the platform.

This crypto exchange is designed for traders of all experience levels. It provides comprehensive educational resources to help newcomers grasp market dynamics and develop their trading strategies. Likewise, it offers high liquidity, ensuring quick transactions across numerous trading pairs.

This is also the best Bitcoin exchange, offering a $100 trading bonus to all users who buy BTC. Margex supports various funding methods, including bitcoin deposits and traditional banking options. Its staking rewards offer up to 5% APY, while its taker and maker fees range from 0.060% to 0.019%, respectively.

6. Binance


best crypto exchanges - binance

+ What We Like: Binance is suitable for beginners and advanced investors, with a dedicated staking service.

– What to Consider: The customer service isn’t always up to the standards.

Next on our best crypto exchanges list, we have Binance, one of the largest crypto exchanges that has a $76 billion 24-hour trading volume. This is also the best crypto exchange for US residents. It supports 150+ cryptocurrencies and 5,660+ trading pairs.  

What makes this platform stand out is its staking option. Investors can stake popular coins for rewards with APYs of up to 30.90%. What’s more, while most exchanges allow investors to stake ETH 2.0 for 32 ETH, Binance lowers this figure to 0.1 ETH.  

Binance should also be your go-to place if you’re looking for US crypto exchanges with the lowest fees. Namely, Binance is the cheapest bitcoin exchange. It charges 0% transaction fees for buying or trading BTC on selected pairs. At the same time, those who use its native token, BNB, to pay for fees will get a 5% discount.

7. Bybit


best crypto exchanges - bybit

+ What We Like: Bybit offers high-leverage options for experienced traders.

– What to Consider: Unfortunately, it’s not available in the US at the moment.

Bybit is a centralized crypto exchange that supports over 1,230 crypto assets. It initially focused on derivatives trading, but this platform extended its services to spot, copy, and margin trading. It also offers a Smart Leverage option that offers up to 200x leverage for selected coins, making ByBit appealing to experienced traders.

ByBit is the best crypto exchange to trade USDC options. Depending on the VIP level, the taker fee rate ranges from 0.0100% to 0.0200%, while the maker fee rate ranges from 0.0000% to 0.0200%.

ByBit’s advanced matching engine can handle 100,000 transactions per second. It also has strong security measures such as cold storage for funds, multi-signature wallets, and two-factor authentication.

Likewise, traders will be able to use different tools, such as an AI-powered trading assistant, trading bots, and MT4 platforms.

8. PrimeXBT


best crypto exchanges - primexbt

+ What We Like: PrimeXBT offers a secure trading environment with high-leverage options.

– What to Consider: You can only stake COV tokens.

PrimeXBT is a promising crypto exchange with a user base exceeding 1 million across 150 countries. The platform processes about 170,000 trades per day and offers various trading options, from futures to CFDs and copy trading. PrimeXBT offers high leverage, up to 1:2, which allows traders to increase their position sizes and entails higher risks.

PrimeXBT has a competitive fee structure, making it one of the cheapest exchanges for buying crypto assets. The trading fees on margin accounts are 0.05%, while futures come with a 0.1% maker and a 0.2% taker fee. There are no deposit fees, while withdrawal costs vary based on the crypto and network used.

The exchange supports over 100 digital assets. However, traders will only be able to stake COV tokens.

9. BingX


best crypto exchanges - bingx

+ What We Like: Most pairs come with a 0.1% maker and a 0.1% taker fee.

What to Consider:  High withdrawal fees.

BingX is one of the best US crypto exchanges. It supports over 750 crypto assets, copies, derivatives, and spot trading. This platform is suitable for both beginners and professional traders. It combines its user-friendly design with advanced trading tools. Moreover, advanced traders can use sophisticated charting tools and real-time alerts.

This platform is ideal for futures trading. On that note, its Coin-M Perpetual Features option is suitable for long-term investors who want to profit during bull markets. On the other hand,  beginners will be able to benefit from its Standard Futures option, which comes with zero trading fees.

BingX is one of the safest crypto exchanges that incorporates rigid security measures, such as 2FA authentication and 100% proof-of-reserves. Most pairs come with a 0.1% maker and a 0.1% taker fee, while withdrawal fees will depend on the cryptocurrency and the network.

10. KCEX


best crypto exchanges - kcex

+ What We Like: There is no KYC process.

What to Consider: No mobile app is available for iOS.

KCEX is a centralized crypto exchange and one of the top crypto platforms established in 2021. It provides its user base of over 1 million people with multi-lingual services 24/7 in dozens of countries worldwide. It is a low-fee crypto exchange with zero spot trading fees. We can say it’s one of the best crypto exchanges for interest. 

KCEX is a beginner-friendly platform that allows for quick and easy deposits and withdrawals. In fact, it supports over 85 cryptocurrencies. The exchange offers future or sports trading, sign-up bonuses, regular events, and airdrops. 

It uses advanced security protocols and provides high liquidity and fast order processing. Its compliant professional operations and industry-leading security technology make it the best crypto exchange to trade, as it allows users to trade safely, reliably, and smoothly in real time. 

Moreover, no KYC is required, which is exceptionally uncommon nowadays, allowing people who like to keep their trading anonymous confidently do so. 

While it is mobile-compatible, it only has an app for Android. So, iPhone users may have to access it from their browser.

11. KuCoin


best crypto exchanges - kucoin

+ What We Like: KuCoin provides attractive incentives for newcomers and high-volume traders.

What to Consider: It doesn’t have a beginner-friendly interface.

The next candidate on our best crypto exchanges list is KuCoin, a crypto exchange that supports 700+ crypto assets. What makes this platform stand out is its leveraged tokens trading option. This means that its users will be able to trade tokens that have feature leverage. These tokens don’t have a due date, which makes them immune to liquidation. Traders can trade these tokens on both primary and secondary markets. Subscription and redemption fees for leveraged tokens amount to 0.1%.

KuCoin also offers advanced trading features, from spot and futures to perpetual contracts and derivatives. Its base fee for spot trading amounts to 0.1% for both makers and takers. While depositing crypto is free, withdrawal fees vary based on network and transaction specifics. 

This platform provides attractive incentives for newcomers. Newcomers will enjoy an APR of 1000%, while high-volume traders will enjoy a 12.5% APR.

12. Paybis


best crypto exchanges - paybis

+ What We Like: Paybis enables its users to buy and sell crypto via credit and debit cards.

– What to Consider: Paybis doesn’t offer crypto-to-crypto trading.

If you’re looking for a user-friendly crypto exchange that’s available in the US, opt for Paybis. This centralized exchange is available in 48 US states and is registered with FinCEN and the US Treasury Department.

What makes this platform stand out is its simple approach to buying and selling cryptocurrencies. On that note, traders will be able to buy and sell 150+ crypto and fiat currencies via debit and credit cards, as well as ACH, Revolut Pay, Skrill, and AstroPay. The first transaction will be free, while all subsequent transactions will come with a 2.49% fee. Traders will also be able to buy partial BTC for only $5.

Paybis is a beginner-friendly platform that has its native custodial wallet as well as a native app, which is compatible with iOS and Android devices.  

This CEX provides fast payouts, especially when it comes to debit and credit card transactions, and high buying and withdrawal limits. I.e., the withdrawal limits go up to $20,000 per week, while the buying limit is set to $20,000 per day.

13. Pionex


best crypto exchanes - pionex

+ What We Like: Pionex offers demo trading on BTC and ETH and 16 free trading bots.

– What to Consider: Daily withdrawal limits will be based on the KYC level.

Pionex is a centralized crypto exchange that offers several trading and earning options, from spot and futures to staking and arbitrage. This platform is also suitable for all types of traders, from beginners to pros. 

On the one hand, beginners can use the demo trading option to practice their skills. On the other hand, advanced traders can use 16 free built-in trading bots, from rebalancing and DCA bots to grid trading bots. In addition to that, they’ll be able to customize their trading interface, i.e., choose a trading layout that suits them best.

Pionex supports 379+ coins/tokens, 465 trading pairs, 90+ fiat currencies, and over 30 payment methods, such as Google and Apple Pay and Visa/Mastercard. This platform offers competitive trading fees that range from 0.020% (maker) to 0.050% (taker). Moreover, its monthly trading volume usually reaches $50 billion.

Trades on the go can use its mobile app that’s available for both Android and iOS devices, 13.0 or later. When it comes to staking, the duration period can be set to 30, 90, and 180 days, while APR ranges from 2.92% to 3.37%.

How to Choose the Best Crypto Exchange

If you want to find the best crypto exchanges, you need to consider several factors. First of all, the platform must be transparent and regulated. Second, it should offer competitive fees and it should have a large 24-hour trading volume. And finally, it must offer multiple trading options.

Transparency

Transparency is key in the crypto world since digital assets are not controlled by financial institutions. When searching for the ideal crypto exchange, opt for platforms that provide regular audits and timely responses. You should also give preference to top crypto exchanges that are upfront with their fee structures, regulations, and approved jurisdictions.

Regulation

Few exchanges hold regulatory licenses, so you should check their regulatory status before opening an account or depositing funds. Regulated exchanges will be compliant with your jurisdiction’s crypto standards, protecting you from potential scams and legal issues.

Moreover, a small number of crypto exchanges are available to US residents. So, make sure that your list of crypto exchanges in the US includes platforms that are authorized by the SEC or registered with FINRA.

Cost

Each crypto exchange will offer different prices since the value of a crypto asset will depend on its liquidity. You should give an advantage to platforms with large liquidity pools to buy tokens at their market price. In addition, choose exchanges that have a large trading volume and offer competitive fees.

Spot Volume

Spot volume is a term that refers to the total trading volume of native tokens against USD-related currencies, like stablecoins and fiat, aggregated within one day. A good crypto exchange should have an average daily spot volume above $1 billion. On that note, MEXC has a 24-hour spot trading volume of $1.4 billion, while for OKX, this figure stands at $3.4 billion.

Product Variety

Good crypto exchanges will offer numerous products, from spots and futures to margin, options, and copy trading. They’ll also offer different tools and features, like chart analysis, price alerts, and passive investment tools.

While a crypto exchange won’t host every token listed on CoinMarketCap, it should list the major players, such as BTC, ETH, and USDT, as well as the cryptos with the most upside.

In short, select an exchange that offers a wide variety of crypto assets to have the opportunity to build a diversified crypto portfolio.

Conclusion

Finding the best crypto exchanges isn’t an easy task. This is why you should always prioritize factors like liquidity, security, cost, and product variety. You should also give preference to exchanges that offer a user-friendly experience. In our opinion, MEXC is a top-tier crypto exchange that supports over 2,000 cryptos and provides high-performance trading capabilities.

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