This year, our experts analyzed 50+ crypto exchanges to identify the seven best trading platforms, highlighting their features, pros and cons, plus practical tips.
Our evaluation of crypto exchanges is based on the following key criteria:
Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
---|---|---|---|---|---|---|
Binance | 4.6 Read Review | 0.1% / 0.1% | 403 | Yes | +1 | Yes |
Kraken | 3.9 Read Review | 0.4% / 0.25% | 421 | Yes | +3 | Yes |
Coinbase Exchange | 4.0 Read Review | 1.2% / 0.6% | 0 | No | +6 | Yes |
MEXC | 4.2 Read Review | 0.01% / 0% | 0 | No | +3 | No |
Bitget | 4.3 Read Review | 0.1% / 0.1% | 697 | Yes | +2 | Yes |
Bybit | 4.6 Read Review | 0.1% / 0.1% | 0 | No | +2 | Yes |
XT.com | 4.1 Read Review | 0.2% / 0.2% | 0 | No | No |
Binance, founded in 2017, is the world’s largest crypto exchange by trading volume and user base. It offers an extensive range of products, from trading to staking, backed by top-tier security.
Kraken, founded in 2011, is a US-based crypto exchange known for its strong regulatory standing, top-tier security, and fiat support. It’s licensed across most US states and trusted by beginners and advanced traders.
Coinbase is a US-based, publicly traded exchange with over 100 million users. Its clean interface, strong regulatory backing, and beginner-friendly tools make it ideal for newcomers.
MEXC is known for zero trading fees and a massive selection of altcoins, making it ideal for cost-conscious and altcoin-focused traders. It supports 2,000+ cryptos with deep liquidity across spot and futures markets.
Bitget is a Singapore-based exchange offering advanced trading tools, copy trading, and strong security features. It serves both beginners and pros while prioritizing fund safety and transparency.
Bybit is a derivatives-focused exchange known for its advanced tools, deep liquidity, and high-leverage markets. It caters to experienced traders with complex strategies and global market access.
XT.com is a non-KYC exchange offering deep liquidity, a broad product suite, and anonymous access to crypto markets. It’s suited for both beginners and advanced users who value privacy.
The best exchange depends on how and what you trade. Here are the key features to consider:
Different traders need different tools. Here’s how to pick an exchange that fits your strategy:
Security should be your top priority when selecting an exchange. Look for these key features:
Follow these tips to protect yourself from scams and unauthorized access:
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.