This year, our experts analyzed 50+ crypto exchanges to identify the eight best trading platforms, with clear pros, cons, and practical tips.
We ranked platforms on safety and transparency such as 2FA, cold storage, withdrawal controls, and proof of reserves, then scored trading depth across spot, margin, futures, and options, plus tools like bots, copy trading, P2P, and earn. We also evaluated total fees, coin coverage, fiat on and off ramps, interface quality, liquidity for low slippage execution, ecosystem features, and support responsiveness.
Our evaluation of crypto exchanges is based on the following key criteria:
| Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
|---|---|---|---|---|---|---|
Binance | 4.8 Read Review | 0.1% / 0.1% | 440 | Yes | +1 | Yes |
Paybis | No Rating Read Review | 4.5% / 4.5% | 84 | No | +6 | Optional for purchases up to 1,000 USD (mandatory in certain regions and for all Sell Crypto transactions) |
Kraken | 4.2 Read Review | 0.4% / 0.25% | 532 | Yes | +3 | Yes |
Coinbase Exchange | 4.1 Read Review | 1.2% / 0.6% | 314 | Yes | +6 | Yes |
MEXC | 4.6 Read Review | 0.01% / 0% | 1767 | Yes | +3 | No |
Bitget | 4.7 Read Review | 0.1% / 0.1% | 657 | Yes | +2 | Yes |
Bybit | 4.6 Read Review | 0.1% / 0.1% | 519 | Yes | +2 | Yes |
XT.com | 4.1 Read Review | 0.2% / 0.2% | 1022 | 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.
Paybis is a popular on-ramping platform that was built with simplicity in mind, specialising in on-ramping and off-ramping crypto with a wide range of supported fiat currencies and payment methods. It makes it quick and easy for beginners to buy crypto, with an integrated wallet that users can send their new coins directly to.
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.