Best Crypto Exchanges and Top 10 Bitcoin Trading Platforms 2025

Choosing the best cryptocurrency exchange can feel overwhelming, especially with so many options out there. Whether you’re a beginner or a seasoned trader, finding the best place to trade crypto involves understanding key factors like security, fees, and ease of use.

In this guide, we’ll break down what you should look for in an exchange and highlight some of the best cryptocurrency exchanges available today to help you trade with confidence.

Don’t Like to Read? Here’s a Video Covering Our Top Exchange Picks:

Best Bitcoin and Cryptocurrency Exchange Summary

Finding the right place to trade can make all the difference, especially with so many Bitcoin exchanges and cryptocurrency platforms to choose from. The top crypto exchanges offer a mix of features, from easy-to-use tools for beginners to advanced options for pros.

In this section, we’ll look at show you our top crypto exchanges and what makes them stand out, whether it’s the best crypto trading platform for low fees, security, or trading options.

If you’re searching for trusted top crypto sites or the best crypto platforms to match your style, this quick summary will help you pick the right one without the guesswork.

Here are our top picks for the best cryptocurrency exchange by category:

The main things to look for when choosing an exchange are:

• What type of exchange is this? (Broker, trading platform, etc.)
• Does this exchange support the coins I want to trade?
• Does this exchange accept users from my country?
• Does this exchange accept my payment method?
• What are the fees and buying limits for the exchange?

Finally, before deciding on an exchange, make sure to read several online reviews to get a feel of the exchange’s reputation. That’s how to choose an exchange in a nutshell.

If you want a more detailed explanation of cryptocurrency exchanges and detailed reviews, keep reading this post. Here’s what I’ll cover:

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1. How to Convert Cryptocurrency to Real Money/Cash

Cryptocurrency exchanges are companies that allow you to exchange “real money” (i.e., USD, EUR, etc.), also known as fiat money, to cryptocurrencies like Bitcoin or Ethereum and vice versa.

Source: Shutterstock

The exchange is a website that helps you facilitate this trade. But not all exchanges are equal…

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2. Exchange Types

It’s important to understand that not all cryptocurrency exchanges are alike. Some allow you to trade with other users, while other exchanges will only sell you cryptocurrency directly. Some will not even give you the actual coins but will only allow you to speculate on the price.

Let’s break down the different types of exchanges.

Brokers

Brokers are sites that simplify the buying process by allowing you to buy coins through them directly at a premium. When you buy from broker sites, the process is usually much simpler and less confusing, but it’s also more expensive.

Examples of reputable brokers: Coinmama, and Coinbase.

Trading platforms

Trading platforms are sites that connect buyers with sellers anonymously in an automated form. This means that you buy from people who’ve placed sell orders on the site without ever communicating with them directly. The platform usually takes a small fee for the service.

Conducting transactions on trading platforms is usually the cheapest way to get bitcoins or other coins, but often it’s not very user-friendly. Trading platforms have advanced options, such as limit-orders and stop-losses, that can confuse inexperienced users.

Also, when you place an order, it may not be fulfilled immediately due to a lack of sellers at the price at which you want to buy.

Examples of reputable trading platforms: Binance, and Bitstamp.

Some trading platforms allow you to trade CFDs (Contracts for Difference). This means you’re basically betting on the price of the coin in the future instead of actually owning it.

While CFDs are very appealing due to their ease of use, they don’t allow you possession of the actual coins. The process is the equivalent of betting on the fact gold will rise in price instead of actually buying gold.

You won’t be able to withdraw the cryptocurrency you bought into your wallet. The only thing you’re doing is buying (or selling) a contract regarding the coin’s price in USD, EUR, or some other form of government currency.

CFDs also allow you to leverage your bets by borrowing money from them (also known as margin trading). While this can give you a great upside for successful trades, it also holds a lot of risk of losing your money very quickly.

Bottom line – CFDs are very risky and are more suitable for experienced traders.

Note: CFD trading is currently illegal in the U.S.

Cross-Asset Class Platforms

Some trading platforms offer assets from multiple different asset classes. Such platforms typically offer major cryptocurrencies alongside assets such as stocks, commodities (including precious metals), and foreign currencies. These platforms make it easy to trade between all types of assets within a single app. This is useful for traders who wish to easily shift some of their portfolios from different asset classes to crypto and vice versa.

Examples of cross-asset platforms: Uphold, Bitpanda, and eToro.

P2P platforms

P2P (Peer-to-Peer) platforms connect buyers and sellers directly so they can negotiate on a price. While P2P crypto exchanges usually allow for a wider array of options (payment methods, supported countries, etc.), they also hold a large amount of risk because you’re buying from an unvetted individual.

Examples of reputable P2P platforms: LocalCoinSwap, and Paxful.

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3. What are the Best Bitcoin and Crypto Exchanges?

When it comes to trading or investing in Bitcoin and other cryptocurrencies, picking the right platform is key. With so many BTC exchanges and crypto trading sites out there, it can be overwhelming to figure out which one suits your needs.

The best platform to buy Bitcoin or any other digital asset should be easy to use, secure, and packed with the features you need to trade successfully.

In this section, we’ll break down some of the top crypto trading platforms and most trusted crypto exchanges, highlighting what makes them stand out. Whether you’re after the best cryptocurrency platform for beginners, advanced tools on bitcoin trading platforms, or versatile cryptocurrency exchange platforms, you’ll find everything you need to make the right choice here.

These picks aren’t just popular – they’re considered the best trading platform for cryptocurrency by traders around the world.

What Are the Best Bitcoin and Crypto Brokers?

Best Wallet

For users just looking for the easiest way to swap crypto, we recommend using the built-in exchange feature available with Best Wallet.

The built-in DEX aggregator, powered by Rubic, sources the best rates for users’ swaps. The Best Wallet supports 50+ chains, connects to over 200 decentralized exchanges, and uses up to 20 cross-chain bridges. Users can make both same-chain and cross-chain swaps without ever having to leave the wallet. Having the ability to swap assets from directly within a crypto wallet is beneficial as users don’t need to give assets up to third-parties and it reduces the risk of sending to a wrong address and helps avoid exchange hack risk.

But for users looking for a fully featured crypto exchange, here are some alternative picks:

Margex

Launched in 2019, Margex is a top Bitcoin and crypto trading platform that offers referral rewards, fast execution speeds, and liquidity from 12+ exchanges. Users are required to pay a fee of just 0.06% per transaction and can also stake BTC to earn passive income. You can read our full Margex review here. 

MEXC

Used by more than 10 million customers, the MEXC exchange allows investors to trade over 1,000 crypto tokens. The platform stands out by charging 0% spot trading fees, offering fast execution speeds, and offering access to over 2,000 trading pairs. It’s one of the best crypto futures trading platforms. Leverage trading up to 200x is applied on large-cap tokens such as Bitcoin, Solana, and Ethereum. 

OKX 

Established in 2015, OKX is a top crypto exchange used by over 50 million customers. The fees on this exchange start from just 0.10%, which can be further reduced by holding $OKB, the native coin. Flexible staking yield can also be unlocked through the ‘Simple Earn’ feature. You can read our full OKX review here. 

Uphold

Uphold is a popular trading platform with over 10 million users in 150 countries. It allows you to trade more than 300 cryptos and traditional currencies. What sets Uphold apart is its “Anything to Anything” trading feature, along with real-time transparency with 100% reserves. The platform connects to over 30 exchanges to ensure you get the best prices. Users benefit from advanced trading tools like Take Profit and Trailing Stop orders. Fees are relatively competitive, with maker fees at 0.8% and taker fees at 1.5%. UK users can use the Uphold Card for easy crypto spending, while US users can earn up to 5% APY on USD deposits.

KuCoin

Launched in 2017, KuCoin is a leading global crypto exchange with more than 29 million users. It supports trading of over 700 crypto tokens and offers low fees starting at 0.1%. You can even pay less if you hold its native token, KCS. KuCoin provides margin and futures trading with up to 100x leverage on top tokens like Bitcoin and Ethereum. This brand also features the function KuCoin Earn for staking and lending, allowing users to earn passive income. You can read our full KuCoin review here.

What are the Best Cryptocurrency Trading Platforms?

Choosing the right crypto exchange platform can make a big difference in your trading experience. The best trading platform for crypto should offer powerful tools, low crypto exchange fees, and a simple way to get started.

Whether you’re looking for the best platform to buy cryptocurrency or exploring the best crypto trading platforms for active trading, there’s something out there for everyone.

In this section, we’ll highlight the standout features of some of the most popular crypto exchanges to help you find the perfect fit.

Binance

Binance is a Bitcoin and cryptocurrency exchange that offers a trading platform with one of the most competitive rates around. If you’re looking to trade crypto to crypto only, this is probably the easiest and cheapest way to go. The exchange accepts users from around the world and allows the purchasing of coins with a credit card in certain countries as well (a sort of brokerage service). You can read our full Binance review here.

Bybit

Bybit is a top crypto trading platform, packed with advanced and beginner tools such as futures and perpetual trading, copy trading, and AI-powered trading tools. Playing host to more than 30 million investors, Bybit values security – offering triple-layer asset protection and privacy protection. You can read our full Bybit review here. 

BingX

BingX is a top crypto trading platform that lets investors start trading 700+ digital assets without completing a KYC form. This exchange offers short-selling capabilities through its perpetual futures trading options, and lets investors apply up to 150x leverage. The Taker fees on BingX starts from just 0.10% per slide. We cover this exchange in more detail in our BingX Review.

What Are the Best Bitcoin and Crypto P2P Platforms?

Peer-to-peer (P2P) platforms make it easy to buy and sell crypto directly with other people. They’re great because you can skip the middleman, often pay lower fees, and have more ways to pay.

Here, we’ll look at the best Bitcoin and crypto P2P platforms and what makes them so useful for trading. For new or experienced investors, P2P platforms can be a simple and flexible way to trade.

Best Wallet

Best Wallet offers a seamless platform for buying and selling various cryptocurrencies, including Bitcoin and Ethereum, with numerous payment methods. Users can transact through PayPal, wire transfer, credit and debit cards, Apple Pay, Google Pay, and regional options like GCash and PayNow. With a transparent fee structure, Best Wallet provides flexibility for crypto transactions worldwide. Check out this article for  more information about how to buy Bitcoin using Best Wallet.

LocalCoinSwap

LocalCoinSwap brings buyers and sellers together in a marketplace for a range of coins, including BTC and Ethereum. It’s unique in that you can transact in almost any method imaginable, including PayPal, wire transfer, Western Union, WebMoney, credit and debit cards, and cash, with a 1% sell fee. You can read our full LocalCoinSwap review here.

Bitget

Bitget is a popular cryptocurrency exchange and copy-trading platform which has been around since 2018. It provides spot trading and futures trading but is most famous for allowing users to copy other traders.

Bitget users can purchase crypto outright using a debit or credit card, either directly or via a third-party payment processor such as Simplex, Banxa, or Mercuryo.

What Are the Best Cross Asset Class Platforms?

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Best Wallet

Best Wallet is a flexible crypto platform, catering to millions of users globally with an emphasis on accessibility and a wide range of supported assets. While it mostly focuses on cryptocurrency, Best Wallet supports both fiat and digital asset trading, with popular options like Bitcoin, Ethereum, and numerous altcoins. The platform’s multi-chain support and fiat-to-crypto payment methods make it easy to trade and manage assets. That said, its Web3 features might need some getting used to.

eToro

**Content does not apply to US users

eToro is one of the most well-known investment platforms in the world, with more than 30 million users around the globe. Although it’s not the easiest platform to withdraw your crypto from, it provides trading for a massive range of assets and asset classes, including hundreds (if not thousands) of commodities, indexes, stocks, cryptocurrencies, and more. However, US customers can only invest in Bitcoin, Bitcoin Cash, and Ethereum. You can read our full eToro review here.

PrimeXBT

PrimeXBT is a multi-asset trading platform that allows users to trade cryptos, forex pairs, indices, and commodities. A CFD (Contract for Differences) platform, PrimeXBT allows users to speculate on asset prices rather than purchase the asset themselves. The platform provides markets for dozens of cryptocurrencies with up to 100x leverage, including BTC, ETH, LTC, XRP, SOL, DOGE, and EOS. Popular FX pairs such as EUR/USD and GBP/USD can be traded on PrimeXBT. You can read our full PrimeXBT review here.

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4. Exchange Features

Next, you’ll need to inquire about the different features of each exchange.

Here are the most important ones:

Coins supported: Does the exchange support the type of coin you’re looking to buy and sell? What currency pairs does it offer for that coin? (i.e., what coins can you trade it for?) For example, an exchange offering a BTC/USD currency pair supports the buying and selling of Bitcoins for US Dollars.

Countries supported: Not all exchanges accept customers from all around the world. Make sure the service is available in your country.

Asset classes supported: Does the platform offer additional asset classes that you’re interested in, if any? Some platforms are crypto-only, while others offer additional assets, such as stocks and commodities. The latter may be more convenient for multi-market traders.

Accepted payment methods: Some exchanges accept a wide variety of payment methods, while others accept only wire transfers. Payment methods that allow buyers to request their money back, such as credit cards or PayPal, will usually involve higher fees. This is done to insure the seller in case you cancel the payment after you get your coins. As you might expect, payment methods that can’t easily be reversed, such as wire transfers, are usually cheaper.

Fees: There are three kinds of fees: Deposit fees, transaction fees, and withdrawal fees. Each fee is usually different and can affect the total amount of money you’ll receive in the end. Make sure you’re aware of all of them.

Exchange rate: Some exchanges have low fees, but their exchange rates are higher relative to the competition. This means that the fees are sort of “hiding” in the exchange rate. This is more typical with brokers. Again, make sure you are aware of the numbers. Do your own calculations before committing to any purchase or trade to make sure you’re getting the deal you want.

Buying limits: Your buying limit will depend on your payment method and, in some cases, your identity verification level. Not every exchange or broker requires identity verification. If you’re looking to buy a large amount of Bitcoin, some exchanges might not be relevant due to their low limits. Shop around.

Exchange reputation: Is the exchange well known in the community? How responsive is its support in the event you get lost in the process? Have there been a large number of complaints against the exchange? Has it been hacked in the past? Keep in mind that no exchange is free of negative reviews, but it’s important to consider the volume and the content of those reviews.

Here’s a video we made that sums up all of the above:

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5. Advanced Trading Features

When it comes to finding the best trading platform for crypto, having the right tools can make a big difference. Whether you’re into Bitcoin trading platforms or looking for other options, the best crypto exchange will offer features that make trading easier, smarter, and more efficient.

Let’s take a closer look at what these platforms bring to the table.

Margex

Margex is a crypto derivatives exchange that keeps things simple and secure, perfect for traders of all experience levels.

• No KYC Required: Start trading instantly without identity verification – ideal for privacy-focused users.
• Leverage Trading: Trade with up to 100x leverage to amplify potential gains (but be careful with the risks).
• Copy Trading: Follow and replicate the strategies of successful traders – a handy feature for beginners learning the ropes.
• MP Shield System: Uses AI to prevent price manipulation and keep the trading environment fair.
• Easy-to-Use Interface: Clean and intuitive design makes it easy to navigate, whether you’re new or a pro.

MEXC

MEXC stands out for its massive selection of tokens and wallet-friendly fees.

• Huge Token Variety: With over 2,800 listed cryptocurrencies, you can trade some of the rarest coins in the market.
• Spot & Futures Trading: Trade on the spot market or try futures contracts with up to 200x leverage for derivatives.
• Super Low Fees: Spot trading has 0% maker fees, and taker fees go as low as 0.01% – perfect for high-frequency traders.
• Copy Trading & Bots: Automate trades with bots or follow top-performing traders to save time and effort.
• Mobile App: The iOS and Android apps make it easy to trade and monitor your portfolio anytime, anywhere.

OKX

OKX offers a one-stop shop for advanced trading and DeFi services.

• Customizable Trading Screens: Choose between “Basic” or “Advanced” views depending on your skill level.
• Derivatives Galore: Trade futures, options, and perpetual swaps with competitive fees and flexible leverage.
• DeFi Features: Explore decentralized trading, token swaps, and yield-earning opportunities.
• Earn Interest: Stake or lend your crypto holdings to earn passive income.
• Top-Notch Security: Protects user funds with multi-signature tech and offline storage solutions.

Uphold

Uphold is more than just a crypto exchange – it’s a platform for trading a variety of assets in one place.

• Trade Anything to Anything: Seamlessly swap between cryptocurrencies, traditional currencies, and even precious metals.
• Diversified Portfolio: Manage all your investments in a single dashboard for a hassle-free experience.
• Real-Time Transparency: They operate on a 100% reserve model, showing proof of assets and liabilities in real time.
• Smart Trading Tools: Use features like trailing stops and take-profit orders to optimize your trades.
• Mobile-Friendly: The user-friendly app lets you trade on the go.

KuCoin

KuCoin is a global exchange with a strong focus on variety and accessibility.

• 700+ Cryptocurrencies: Trade everything from popular coins to niche tokens.
• Margin & Futures Trading: Access up to 10x leverage for margin trading and 20x for futures contracts.
• Zero-Fee P2P Trading: Buy and sell crypto directly with other users – no extra charges.
• NFT Marketplace: Dive into NFTs with buying, selling, and fractional ownership options.
• Powerful Tools: Integrated TradingView charts help you analyze markets with ease.

Binance

Binance is the heavyweight champion of crypto exchanges, offering every tool you could need under one roof.

• Flexible Order Types: Use limit, market, stop-limit, or OCO orders for tailored trading strategies.
• Customizable Interface: Advanced charting tools and TradingView integration for in-depth analysis.
• Derivatives Trading: Trade crypto futures and options with leverage to match your risk appetite.
• Automated Trading: Access grid bots and arbitrage tools to automate your strategies.
• Security You Can Trust: Features like two-factor authentication, cold storage, and the SAFU fund keep your assets safe.

Bybit

Bybit is a top choice for traders who love derivatives and advanced features.

• Perpetual Contracts: You can hold positions forever without an expiry date – trade on your own timeline.
• High Leverage: Offers up to 100x leverage, so you can amplify your trades (but watch out for the risks!).
• Advanced Orders: Supports all the tools you need, like market, limit, and conditional orders, to execute smart strategies.
• Risk Management Tools: Features like stop-loss and take-profit orders help you stay in control of your risk.
• Trading Bots: Automate your trading strategies with Bybit’s built-in Trading Bot for precision and ease.

BingX

BingX makes trading social and simple, perfect for both beginners and pros.

• Copy Trading: Follow top traders and copy their moves – no experience needed.
• Easy-to-Use Interface: The clean, user-friendly design makes it simple to get started and trade efficiently.
• Flexible Trading Options: Offers spot trading, futures, and leverage up to 100x to suit different strategies.
• Learn & Practice: With tutorials, demo trading, and educational tools, you can sharpen your skills before going all in.

Bitget

Bitget is a Singapore-based exchange with a strong focus on copy trading and diverse products.

• Copy Trading: Replicate the strategies of pro traders and share in their success (profit sharing applies!).
• High Leverage: Provides up to 125x leverage on futures contracts, giving you more room to trade big.
• Variety of Products: Whether it’s spot trading, futures, or options, Bitget has something for every trader.
• Beginner-Friendly Platform: Its easy-to-navigate interface works well for both newcomers and experienced users.

eToro

eToro is a go-to platform for social trading and portfolio diversification.

• CopyTrader: Automatically copy the trades of successful investors – ideal for beginners who want to learn as they trade.
• All-in-One Platform: Trade crypto, stocks, ETFs, and more in one place to build a diversified portfolio.
• Intuitive Design: The interface is smooth and user-friendly, with advanced analysis tools and a built-in wallet.
• Regulation & Security: Operates under multiple global regulations.

PrimeXBT

PrimeXBT is perfect for traders who want to trade multiple assets with advanced tools.

• Super High Leverage: Offers up to 100x on crypto trades and a massive 1000x on forex – great for experienced traders.
• Trade Across Assets: Access crypto, forex, commodities, and indices all from a single account.
• Advanced Tools: Get technical with a suite of order types, charting tools, and deep market analysis.
• Covesting Module: Follow and copy the strategies of top-performing traders for a social trading experience.

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6. Security Features

When it comes to trading crypto, security is everything. Whether you’re using a bitcoin exchange, a bitcoin trading platform, or one of the popular crypto exchanges, you want to know your money is safe.

The biggest crypto exchanges and top crypto companies use features like two-factor authentication (2FA), cold storage, and even insurance to protect your funds.

Even on the best crypto trading platform or a crypto exchange with the lowest fees, strong security matters just as much as low costs. In this section, we’ll look at how different crypto platforms and cryptocurrency trading sites keep your investments secure.

Secure Crypto Exchanges at a Glance:

• Best Wallet: Non-custodial meaning you keep your keeys.
• Binance: Backed by the SAFU insurance fund for emergencies – like a safety net for your assets.
• OKX: Adds an extra layer of protection with multi-signature wallets.

Each exchange takes security seriously. Pick the one that works best for you, whether that’s based on your location, the assets you trade, or where you feel most comfortable.

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7. Best Crypto Exchanges Based on Regional Availability

Your location can impact which crypto trading platforms are available and what features you can use. Some of the best bitcoin exchanges might be accessible globally, while others operate under regional restrictions or offer localized versions.

Understanding regional availability is important for users to understand, whether you’re looking for the best bitcoin trading platform, the cheapest crypto exchange, or reliable crypto sites with advanced tools.

In this section, we’ll explore which cryptocurrency exchange platform works best in different areas and highlight how regulations affect access. From the biggest crypto exchanges to emerging players, we’ll help you find the right fit no matter where you’re trading.

North America (U.S. and Canada)

• Best Platforms: Coinbase, Binance.US, OKCoin USA and Kraken
• What to Know:
  • If you’re in the U.S., crypto trading is heavily regulated. Agencies like the SEC and CFTC restrict access to some products, like high-leverage derivatives and staking services.
  • Coinbase is a top choice because it’s fully compliant and trusted.
  • OKCoin USA is owned by OKX Okcoin but does not provide services to users in the following states: Hawaii, Kentucky, New York, Nevada, Texas, West Virginia, and all US territories other than Puerto Rico.
  • Binance.US is a “lite” version of Binance but still offers low fees and great trading tools.
  • For Canadians, Kraken and NDAX are popular because they stick to Canada’s regulations while offering smooth trading experiences.

Europe

• Best Platforms: Binance, OKX, Kraken, and eToro
• What to Know:
  • The EU’s MiCA regulation is making crypto trading more standardized across Europe.
  • Platforms like Binance and OKX are favorites for their low fees, advanced tools, and large trading volumes.
  • From the 16th of October 2023, Binance stopped accepting new users from the UK, but users who signed up before this date can still use the exchange, but they cannot access Binance Futures.
  • Kraken and eToro are ideal for beginners, offering easy ways to deposit and trade with fiat currencies like euros.

Asia

• Best Platforms: Binance, Bybit, MEXC, and Bitget
• What to Know:
  • Asia is a hub for crypto adoption, and platforms like Binance and Bybit lead the pack with low fees and great options for derivatives trading.
  • MEXC and Bitget are growing in popularity thanks to their altcoin selection and easy-to-use interfaces.
  • Most crypto exchanges are banned in Hong Kong and Mainland China.
  • Singapore and Indonesia have also suspended many crypto exchanges.
  • If you’re trading in Japan or South Korea, you’ll need to follow strict local rules like KYC verification and licensed exchanges.

Latin America

• Best Platforms: Binance, Uphold, and BingX
• What to Know:
  • Crypto is booming in Latin America, mainly due to inflation and the need for cheap cross-border payments.
  • Binance is a top pick for buying Bitcoin and other cryptocurrencies with low fees.
  • Uphold is great for trading both crypto and fiat currencies.
  • BingX stands out with its copy trading features, which are especially useful for beginners.

Middle East and Africa

• Best Platforms: Binance, Bybit, and OKX
• What to Know:
  • In the Middle East, Binance is trusted for its security and deep liquidity.
  • Bybit shines for its derivatives trading options, which are popular with experienced traders.
  • In the UAE, platforms must follow regulations set by VARA (Virtual Assets Regulatory Authority).
  • Across Africa, Binance and OKX are favorites because of their peer-to-peer (P2P) trading options, which make it easy to convert fiat currencies.

Australia and New Zealand

• Best Platforms: Binance, Kraken, and eToro
• What to Know:
  • Australia requires crypto exchanges to follow AML/KYC laws under AUSTRAC, ensuring safer trading.
  • Binance is perfect for advanced users who want low fees and lots of tools.
  • Kraken and eToro are great for beginners, offering easy-to-use platforms and local fiat support.
  • New Zealand traders also favor these platforms for their user-friendly features and reliable compliance.

Global Tips

1. Regulations Matter: Make sure the exchange works in your region and follows local laws to avoid issues like account restrictions.
2. KYC (Know Your Customer): Most exchanges now require ID verification to keep trading safe and compliant.
3. Regional Versions: Platforms like Binance.US and OKCoin USA exist because global crypto exchanges adapt to local regulations.

By knowing which exchanges work best in your region, you can easily pick a trusted, user-friendly crypto platform that suits your needs and ensures a smooth trading experience.

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8. KYC

Many exchanges today have a Know-Your-Customer process, also known as KYC, that you’ll have to go through before buying any coin on the exchange.

This means you’ll need to supply the exchange with some additional information, such as your ID, proof of residency, and, in some cases, even proof of income.

As Bitcoin and crypto become more and more mainstream, exchanges are subject to stricter regulations by local governments, and in many cases, they’re unwillingly forced to request this information from you.

This is not something personal and will probably be required by most legit exchanges. In fact, I’d be suspicious if an exchange didn’t request this information. If you’re keen on maintaining your privacy, you can read our guide about how to buy Bitcoin anonymously.

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9. Conclusion

You now know the most important aspects to look for when choosing your crypto exchange. In the end, the main thing that matters is that the company (or seller) is reliable and that you’re happy with the price you’re paying. Sometimes, it’s worth it to spend a bit more money in order to finish the process hassle-free.

Below are our top picks for exchanges by categories:

• Best Wallet (Crypto wallet and exchange platform with Web3 support)
• Margex (Crypto derivatives exchange)
• Exodus (Crypto wallet)

When it comes to UK-based users, you can check out our article on the best crypto exchanges in the UK and learn more about our top picks. If you’ve had any good or bad experiences with the exchanges listed above, or any other exchange, I’d love to hear about it in the comment section below.

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10. FAQs

What is a crypto exchange?

A crypto exchange is a digital marketplace where users can buy, sell, or trade cryptocurrencies. These platforms often support various cryptocurrencies and offer features like wallet services, market analysis tools, and different types of trading (e.g., spot, futures).

What crypto exchanges are available in the US?

Major crypto exchanges available in the US include Best Wallet, Coinbase, Kraken, Gemini, and Crypto.com. These platforms are compliant with US regulations and offer services to American users.

Which crypto exchanges do not report to IRS?

Most US-based crypto exchanges like Coinbase and Kraken are required to report user transactions to the IRS. Some offshore or decentralized exchanges might not report to the IRS, but using these platforms may still require self-reporting for tax purposes, and they often come with higher risks.

Which crypto exchange has the lowest fees?

Margex is known for having some of the lowest fees among US exchanges, with a maker-taker fee model that starts at 0.06%. Other low-fee options include Kraken and Binance.US.

What is the best crypto exchange?

The “best” crypto exchange depends on individual needs. Best Wallet is a hot favorite for swapping crypto and its versatility. On the other hand, users rate Coinbase highly, especially for beginners, given its user-friendly interface. Kraken and Margex also fare well when it comes to experienced traders because of their advanced features and lower fees.

Which crypto exchange has the lowest fees?

Binance and KuCoin typically offer the lowest trading fees, starting as low as 0.1%.

What is the safest crypto exchange?

Coinbase, Kraken, and Gemini are considered the safest crypto exchanges due to their strong security measures.

What are the top 10 crypto exchanges in the USA?

The best US crypto exchanges include Coinbase, Kraken, Binance.US, Gemini, Crypto.com, eToro, Bitstamp, OKX, KuCoin, and Robinhood.

What is the best platform for crypto trading?

Binance and Kraken are often preferred for advanced trading features and low fees.

What is the best bitcoin exchange?

While Binance is the most popular worldwide, we recommend OKX due to its friendly user interface and global accessibility.

What are the largest crypto exchanges?

Binance, Bybit, and OKX are among the largest crypto exchanges in terms of trading volume and users.

What is the most secure crypto exchange?

Binance, Kraken, OKX and Gemini are well known for their robust security features and compliance. You can’t go wrong with any of them really.

What is the best us crypto exchange?

Binance.US and OKX are two of the best options for crypto traders in the US.

What is the best altcoin exchange?

Binance is one of the most popular exchanges with a high number of altcoins. OKX is another great option especially for users who live in regions that may be restricted by other exchanges.

What are the best crypto sites?

Binance, OKX and Bybit are great for users due to their ease of use, low fees and advanced trading tools.

How do I choose the best crypto platform for trading?

When choosing the best crypto platform, think about things like fees, the range of cryptocurrencies available, security features, and how user-friendly the platform is. Popular options like Binance, OKX, and Kraken are great picks for both beginners and experienced traders because they’re easy to use and have solid reputations in the crypto space.

Are the top 10 crypto exchanges the same worldwide?

The top 10 crypto exchanges are often similar worldwide, but regional regulations can affect which ones are available. For instance, Binance is a major player globally but provides Binance.US specifically for U.S. users. Meanwhile, OKX, and Kraken are popular choices in regulated markets like the U.S. and Europe.

References:

Okcoin. “Licenses and Regulatory Compliance.” Okcoin, https://www.okcoin.com/licenses.html.

Binance. “Update on Binance for UK Users.” Binance Blog, https://www.binance.com/en-GB/blog/all/update-on-binance-for-uk-users-937596818854026589.

ESMA (European Securities and Markets Authority). “Markets in Crypto-Assets Regulation (MiCA).” ESMA, https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica.