15 Best Cryptocurrency Trading Platforms in 2021

Fidelity is a good all-rounder and its non-tiered platform fee may appeal to investors with higher-value portfolios. Fidelity offers a good level of customer support, with telephone help available six days a week and our call was answered almost immediately. It offers a full range of trading options, with clients able to place orders online, using the app or over the phone. Overall, eToro is therefore likely to appeal to confident investors requiring minimal support. It would also suit investors wanting to trade in US, rather than UK, shares.

  • As such, not only will you earn passive income but you will still benefit if the digital currency appreciates in value.
  • The best way to gauge this is to check if the crypto trading platform is regulated.
  • For beginners and experienced traders, OKX is very accessible thanks to its TradingView integration and instant buy/convert features.
  • Different platforms offer varying selections of cryptocurrencies available for trading.
  • If you’re hoping to diversify your portfolio with a variety of crypto assets, Kraken is the best exchange that offers over 185 different tokens.

In 2020, Gemini achieved a new milestone by launching an insurance company for the cryptocurrencies stored in their exchange wallet. The fee for transfers up to $200 ranges from $0.99 to $2.99, and above this will cost 1.49% of the transfer value. Gemini offers solid security measures through hardware security modules (HSMs), hot and cold storage, and encryption for securing users’ data.

Freetrade: General Investment Account

KuCoin charges a 0.1% maker/taker fee, which is way below the industry average. On top of that, you also get a substantial discount (around 20% or so) by paying with KuCoin’s native token KCS. Keep checking the KuCoin website and social media profiles for updates on periodic free crypto trading offers. As of this writing, KuCoin supports more than 600 coins and tokens, as well as 51 fiat currencies.

  • The top cryptocurrency trading platforms support debit/credit cards and even e-wallets like Paypal.
  • It is worthwhile to learn about the different types of crypto trading fees before setting on your quest to find the best platform offering free crypto trading.
  • Our worthy recommendation in this category is the platform that covers the widest geographical location and offers a comprehensive suite of products and services.
  • Trading platforms provide software programs that allow investors to buy and sell shares, funds and other investments directly, rather than indirectly through a financial adviser.

While these can have lower transaction costs, they also require more technical expertise. This roundup primarily discusses a type of crypto exchange known as a centralized exchange. A centralized exchange is a marketplace operated by a business entity that buys, sells and facilitates transactions in cryptocurrency. A crypto exchange is, very basically, a place where you can purchase a cryptocurrency using either cash or another kind of digital asset. Several brokers offer cryptocurrency trading in addition to stocks, funds and other asset classes.

Best for Low Fees and Best for Experienced Traders

While it doesn’t offer as many cryptocurrencies as Binance.com, you can still trade around 150 coins on the U.S. platform, and bitcoin trades are free. The crypto giant also has a strong array of coins available for staking, with 17 coins offered. Crypto.com Exchange is an exchange by trade, but it is also an entire ecosystem.

  • With some, you may be able to make an account and buy and sell small amounts of crypto without verifying your identity or submitting much sensitive information.
  • If you’re looking for a safe and low-cost crypto trading platform that is suitable for newbies, look no further than eToro.
  • However, there are thousands of cryptocurrencies that have become popular for their use-case or speculative nature.
  • If you’re a US citizen depositing in USD, you won’t pay a fee to fund your eToro account.
  • Coinbase’s more than 200 tradable coins should satisfy most looking to break into the crypto space.
  • For perpetual and futures trading, the transaction incurs 0.01% and 0.06% for maker and taker fees, respectively.

Creating an account can take a very long time with centralized exchanges, and a potential user can be blocked or barred from using a platform. With DEXes, it’s almost impossible to censor a user, which means these exchanges can be used by anyone residing anywhere in the world. For instance, with DEXes, there are no accounts, and users only need to link their wallets to the platform to start trading. Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology.

Binance – Overall Best Crypto Exchange With Low Fees

Additionally, it has a good selection of conditional orders, including Market, Limit, Stop loss, Take profit, and Stop loss limit. If you are a long-term crypto investor then it’s worth checking whether your platform offers savings accounts. This allows you to earn interest on your cryptocurrency holdings without needing to cash out. As such, not only will you earn passive income but you will still benefit if the digital currency appreciates in value. We have talked extensively about fees throughout our reviews of the best cryptocurrency exchanges and for good reason. After all, you’ll want to be able to trade in a low-cost manner as opposed to paying unnecessary charges.

  • ByBit offers up to 100x leverage across over 200 markets and is widely considered one of the best cryptocurrency exchanges for margin and derivative trading.
  • If opting for the former, you can purchase your chosen cryptocurrency both directly and instantly.
  • More advanced users can take advantage of lower fees with Kraken Pro, which charges a 0.16% maker fee and a 0.26% take fees for trades of $50,000 or less.
  • In addition, KuCoin is one of the few centralized crypto exchanges that feature in-built automated trading strategies and bots.

Exchanges often offer tiered verification levels, with lower tiers requiring less information. Lower verification tiers, however, usually come with lower deposit and withdrawal limits. We chose Cash App as our top pick among Bitcoin-only exchanges as it allows you to seamlessly and securely buy, sell, and store Bitcoin from your smartphone. Coinbase has been in communication with the SEC for years in an attempt to ascertain how to comply with regulations to prevent fines.

BitMart Exchange

Investors are also able to view their investments in real-time, enabling them to monitor their portfolio and make investment decisions. We compared different features across the leading trading platforms, with the greatest weight given to the level of fees and the range of investments offered. It charges one of the lower share trading fees of £4.95, along with no trading fees on funds or US shares. However, it charges a relatively high foreign exchange fee of 0.95% and one of the higher platform fees of 0.4% (for non ready-made portfolios of up to £250,000). It charges a lower platform fee on US shares and ready-made portfolios (0.2% for portfolios to up to £250,000).

  • The platform uses an order book-based interface, making it simple for anyone with previous experience.
  • There are no deposit fees, but there is a withdrawal fee that depends on the currency.
  • Customers can trade online, by app or over the phone, with a low telephone dealing fee of £30.
  • Gemini custody also offers $200 million in cold storage insurance coverage.
  • Overall, eToro is therefore likely to appeal to confident investors requiring minimal support.

This includes Bitcoin, Dogecoin, Bitcoin Cash, Ethereum, and several others. By using Robinhood to trade crypto, you can get started with just a few dollars. This is because the platform supports fractional ownership – meaning you can purchase a small fraction of a single coin. Most importantly, Robinhood is a commission-free platform – so you can invest in a super low-cost manner. When it comes to trading commissions, the entry-level rate is set at 0.10% – which is low.

The 5 best cryptocurrency apps and exchanges for 2023

While you’re ideally picking an exchange with the lowest costs, dwelling too much on the ins and outs of maker and taker fees can be counterproductive. That’s because you can’t choose whether your order is processed as a maker or a taker. Instead, you’re better served considering overall fees and any discounts available for trading a certain amount each month or holding an exchange’s native cryptocurrency. Beginners will appreciate Coinbase’s user-friendly interface and the simplicity of its buy and sell orders, akin to using an online brokerage platform for trading stocks. Coinbase’s more than 200 tradable coins should satisfy most looking to break into the crypto space. In addition, Gemini offers an extensive selection of educational materials in its Cryptopedia library.

  • We believe everyone should be able to make financial decisions with confidence.
  • For a cryptocurrency exchange to be considered a global platform, it needs to offer its services to customers in several countries.
  • For example, if they risk 10% of their capital on EOS, you will copy the exact same trade – but at a proportionate amount.
  • While many may be excellent companies, unfortunately, it is a case of being tarnished by bad actors.
  • As you can see from the image below, we are buying $25 worth of Bitcoin commission-free.

Binance is a well-rounded exchange with competitive fees and many valuable features. The platform uses an order book-based interface, making it simple for anyone with previous experience. Binance is worth checking out for anyone looking for an all-in-one trading platform and US residents not concerned with margin trading.

Which crypto trading platforms offer the most leverage?

Touted as one of the most reliable crypto exchanges, Kraken has deep liquidity across its 222 coins and 96 derivative markets. A simple user interface enables beginners to purchase crypto den using fiat currencies, including USD, GBP, EUR, and AUD. Additionally, there are plenty of deposit methods for users in different countries to open an account for as little as $10.

  • Crypto exchanges make it fairly simple to trade all sorts of crypto tokens and coins.
  • Cryptocurrency is not backed by the government or insured in the same way deposits are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Association (NCUA).
  • It is recognized as one of the few cryptocurrency exchanges that also supports the trade of commodities.
  • Depending on your chosen platform, you could be on the hook for up to 1.49% in trading fees.

Futures fees start at 0.0200%/0.0400% but vary based on market and volume. It’s highly intuitive, easy to use, smooth, and can check live prices, execute orders, manage digital assets, and view P&L. The best – crypto exchanges work much the same as a traditional stock brokerage site. For example, if you want to sell $500 worth of XRP, the exchange will match your order with somebody that wishes to buy $500 of XRP.

Which cryptocurrency exchange is best for beginners?

There you have it; a breakdown of some of the leading crypto trading platforms in various categories. This guide discussed what to look for when choosing a trading platform to use for your crypto investment needs. We understand that the term ‘best’ is subjective, and in our research and presentation, we strived to be as objective as possible when choosing what to recommend. For a cryptocurrency exchange to be considered a global platform, it needs to offer its services to customers in several countries. Our worthy recommendation in this category is the platform that covers the widest geographical location and offers a comprehensive suite of products and services.

Crucially, once you have verified your Coinmama account, making a purchase should take you less than a few minutes. The aim of the project is to provide traders with a high-quality tool that can help them to navigate the market with confidence and improve their trading. The platform focuses on quality over anything else – and seeks to provide users with the best experience possible. Additionally, Oanda provides various educational resources and tools for traders to improve their abilities and make better trading decisions. Additionally, traders have access to a comprehensive FAQ section and 24/7 support for any questions or problems.

AJ Bell: Dealing Account

Because they are slower and often offer a clunky interface, only experienced users and those with heightened privacy concerns take to them. The benefit to centralized platforms is accountability because the company running it is often known, which deters most operators from stealing or engaging in malicious behavior. If you have to undergo identity verification, that is a clear sign that the platform is centralized. If you’re a US citizen depositing in USD, you won’t pay a fee to fund your eToro account. 75% of retail investor accounts lose money when trading CFDs with this provider.

  • Some platforms charge no share trading fee, while others may charge between £6 to £12 per trade.
  • You shouldn’t be blinded exclusively by low fees, as many other important factors need to be considered.
  • On the flip side, you will be using one of the most trusted crypto exchanges in this industry.
  • Kraken does not include any insurance on crypto deposits held in hot wallets, but it does claim to keep 95% of digital assets offline with enough liquidity to allow users to withdraw at any time.
  • It also requires a high minimum initial investment of £1,000 unless clients opt for the monthly investing option of £25 (minimum).

Gemini is a leading global cryptocurrency exchange known for its security and innovation and is one of the best cryptocurrency exchanges in the US. It offers a user-friendly platform for trading cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Gemini’s commitment to innovation is evident in its plans for state-of-the-art apps in 2023, featuring real-time data and advanced charting tools. It provides trust and discounts for high-volume traders as a fully regulated exchange.


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