Best Cryptocurrency Exchange

Standard Fees: Spot trading - 0.25% for makers, 0.4% for takers; futures trading - 0.02% for makers, 0.05% for takers

Supported Crypto: Over 200

Looking for the best crypto exchange, or simply the best place to buy cryptocurrency, sooner or later, you’re going to come across Kraken.

Admittedly, this might be one of the better options as far as the “best” part is concerned.

What makes Kraken so special? Well, for starters, the exchange in question offers users more than 200 different cryptocurrencies to pick from, in regards to trading, buying and selling. While this is far from the 5000+ different crypto assets that exist today, let’s face it - most people are going to be interested in 3-7 cryptocurrencies, tops.

With a selection of over 200 crypto coins and tokens, Kraken does truly offer a good variety of choices! To add to that, you can purchase cryptos with fiat currencies on the exchange itself - this makes things significantly easier!

Kraken does also have a great mobile app that’s both intuitive and simple to use, and users point out that, as far as the top crypto exchanges are concerned, this particular one can surely boast about its customer support.

Fee-wise, Kraken takes anywhere from 0% up to 0.4% from your transactions in the spot market. Truly some of the better numbers, at least when it comes to crypto exchange fees!

Standard Fees: Spot trading - 0.05%; futures trading - 0.01% for makers, 0.04% for takers

Supported Crypto: Over 2,900

When looking for the best cryptocurrency exchange, broad asset support is one of the main deciding factors for many. If that's what floats your boat, too, you should definitely consider MEXC.

The exchange supports over 2,900 cryptocurrencies for spot trading and offers over 600 futures contracts. It's actually one of the biggest selections I've seen so far. Thus, no matter if you're after the top cryptocurrencies or looking for some niche token trading, you'll be able to do both.

Speaking of variety, on MEXC, you'll be able to participate in the usual spot trading and pre-market trading. The latter allows you to trade new crypto tokens with zero fees before they are officially launched on the exchange.

Besides that, you can engage in futures trading, both with USDT-M and Coin-M perpetual contracts. If you want to test out your strategies, there's even demo trading. Though, if you don't know much about strategies, you can follow others via copy trading.

In addition to trading tools, MEXC also offers various earning possibilities, including token airdrops and exclusive events. Plus, there is a savings tool and a loaning service.

All of that sounds nice, but what about MEXC's security? Well, it has all the necessary measures a reputable exchange should have:

• A reserve with over 100% rate;
• A combination of cold and hot asset storage;
• Futures insurance fund.

So, MEXC will not let you down regarding security. But you know what's the cherry on top?

The exchange has some of the lowest fees on the market. Spot fees start at 0.05% for makers and takers, while futures fees start at 0.01% for makers and 0.04% for takers.

Besides, you can reduce these with the MX token. You can either use the MX Deduction feature to get a 20% discount, or you can get a 50% discount by holding at least 1,000 MX in your account. These discounts apply for both spot and futures trading (except the 50% discount is not valid for BTC-based trading pairs).

My verdict? MEXC is among the best cryptocurrency exchanges for many reasons, but its wide selection of cryptocurrencies and low fees make it stand out the most.

Bitexen is a centralized cryptocurrency exchange based in Turkey, founded in 2018. The platform enables users to buy, sell, and trade a broad range of cryptocurrencies, offering over 300 digital assets, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and numerous altcoins. While Bitexen aims to serve a global audience, it has established a strong foothold in Turkey, positioning itself as a reliable platform for local users.

Bitexen is accessible via both web and mobile platforms, offering an intuitive interface that caters to a wide spectrum of traders. The platform provides several trading features, such as spot trading, derivatives, and instant trades, making it suitable for both beginner and advanced traders who wish to explore various trading strategies. This versatility enables users to engage in different forms of crypto trading depending on their preferences and expertise.

The exchange supports fiat on-off ramps for the Turkish Lira (TRY), enabling seamless deposits and withdrawals for Turkish traders. This feature makes Bitexen a convenient option for users in Turkey looking to move funds between their bank accounts and crypto holdings.

For security, Bitexen employs a comprehensive approach, including a strict Know Your Customer (KYC) verification process to ensure the identity of its users. The platform also integrates two-factor authentication (2FA) to add an extra layer of protection for user accounts.

To further strengthen security, Bitexen runs a bug bounty program that incentivizes security researchers to responsibly report vulnerabilities, ensuring the platform's security remains robust and resilient against potential threats.

With its variety of cryptocurrencies, user-friendly interface, fiat compatibility, and strong security measures, Bitexen provides a solid platform for cryptocurrency trading, particularly for Turkish users.

Standard Fees: Spot trading - 0.1%; futures trading - 0.02% for makers, 0.055% for takers; options trading - 0.02%

Supported Crypto: Over 1,600

Bybit is a crypto derivatives exchange that was founded and established in 2018. While the platform started out by offering its clients crypto derivatives products, exclusively, it has grown to become one of the more respected and well-known exchanges on the market, in just a few years’ time!

The features and benefits offered by this particular exchange are plenty - users can expect everything from a state-of-the-art trading interface, all the way to a dedicated mobile app and beginner-friendly functionality.

On top of that, Bybit also employs some of the better fee models, as well. While your actual fees will vary depending on your VIP level, the spot market fees will range anywhere from 0.1% across the board, all the way down to 0.02% and 0% for market takers and makers, respectively.

While Bybit does position itself as a beginner-friendly crypto exchange, the platform caters to advanced-level traders, as well. You can access the aforementioned perpetual and derivatives markets, utilize up to 100x leverage, as well as use other advanced trading tools, as well.

Lastly, if you ever find yourself stuck, there will always be helpful customer support agents to assist you - definitely notable, when it comes to the best cryptocurrency exchanges in the industry!

Standard Fees: Spot trading - 0.4% for makers, 0.6% for takers

Supported Crypto: Over 240

If you’ve ever searched for the best crypto exchanges, without a single doubt, Coinbase must have popped up on your radar rather frequently.

This isn’t without a solid reason, either - Coinbase is often viewed as the best place to buy cryptocurrency, no matter what that currency is. Well, OK, perhaps it does matter - but we’ll get to that in a minute.

So, then, what makes Coinbase so special? Well, it ticks almost all of the essential parts of a great crypto exchange.

Coinbase is very simple and straightforward to use. The signup and registration process is quick, and while you have to verify your identity, this doesn’t take long at all, either. The exchange keeps things very simple and, more importantly, minimal - it won’t overcrowd you with a variety of different interface screens and features.

Another thing that makes Coinbase one of the top crypto exchanges is the fact that the platform’s very secure. While there have been multiple different attempts to breach the exchange’s security, Coinbase is yet to suffer a huge hack (think Mt. Gox levels of “huge”).

Now, the one qualm that many users have with the platform is that, while it does support over 240 crypto assets, it lacks some popular altcoins. Meaning, you can only purchase specific cryptos from the site, while others are going to be unavailable, even though they are listed.

And we’re not just talking about some unknown, niche cryptos that are unavailable here, either! Examples would include Monero and Tron - these are some of the better-known names in the industry!

Now, admittedly, fee-wise, Coinbase also isn’t the best crypto exchange out there. The fees on the platform start at 0.4% for makers and 0.6% for takers. These are some high numbers compared to the industry standard! Crypto purchasing fees are pretty high, too, but they depend on your country of residence, amount of money being traded, and so on.

Though, you do get better fees when you increase your trading volume and use Coinbase Advanced. That said, Coinbase does guarantee optimal security, and is very trusted among the community.

Standard Fees: Spot trading - 0.1%; futures trading - 0.02% for makers, 0.06% for takers

Supported Crypto: Over 700

KuCoin is a well-known name in the cryptocurrency industry. The exchange, same as many others on this list, offers its users a variety of different products and services, in addition to the expected crypto trading functionality.

First and foremost, KuCoin allows its clients to trade a wide array of different cryptocurrencies (over 700!). This includes both some of the most popular coins on the market, as well as some other, more-niche assets. This is great for anyone who's looking to diversify their portfolio, in the long run!

On top of that, KuCoin is also known for having some of the best trading fees in the industry. Both market makers and takers start off with a 0.1% trading fee - as you trade more crypto on the platform, you are actually able to get that number even lower. That's very significant!

Besides that, KuCoin has interest-earning functionality via KuCoin Earn, advanced trading tools, such as trading bots and pre-market trading, and the exchange accepts a wide variety of fiat currencies. On top of that, it even offers a crypto debit card (KuCard), which can be used to spend crypto for everyday purchases just like you spend your fiat.

All in all, with strong community support behind the exchange, KuCoin is definitely worth considering, for anyone who's looking for the best cryptocurrency exchange out there!

Bitget is one of the best cryptocurrency exchanges that excels in derivatives and copy trading. Though, it offers many other features, too, including spot trading, a way to buy crypto with fiat, trading bots, earning features, and much more. It even has the Bitget Card, which is a crypto credit card.

Thus, both experienced and beginner traders will find what they need on the platform.

Bitget's copy trading functionality, for example, allows users to mirror the trades of top traders. This feature is perfect for those new to trading who may not yet have the knowledge or confidence to execute trades on their own. Just note that it's always important to stay cautious, especially when relying on other traders.

In terms of derivatives, Bitget provides several futures trading options, including USDT-M, USDC-M, and Coin-M futures contracts. These contracts come with fully-featured trading dashboards, which offer everything a professional trader would need.

Another appealing aspect of Bitget is its demo trading feature, allowing users to practice trading without risking real money—an invaluable resource for anyone learning the complexities of crypto futures.

The platform also places a strong emphasis on security, with features like cold storage, two-factor authentication, and a $350 million user protection fund. Regular proof of reserves updates further solidify Bitget’s commitment to safeguarding its users' assets.

On top of that, Bitget boasts competitive fees, with spot trading fees starting at 0.1% and futures trading fees starting at 0.02% for makers and 0.06% for takers. There's even a way to reduce these fees by increasing your VIP level or covering spot fees with BGB, the native token of the exchange.

While Bitget might be somewhat overwhelming for those new to the crypto world at first glance, its educational resources and intuitive design help ease the learning curve. Therefore, if you're looking for a platform that is packed with various tools that cater to all traders, Bitget is one of the top choices for sure.

OKX is a globally recognized cryptocurrency exchange that has established itself as a versatile platform offering both centralized and decentralized finance (DeFi) solutions. With support for over 300 cryptocurrencies, including popular assets like Bitcoin (BTC), Ethereum (ETH), and a variety of altcoins, it appeals to traders seeking both well-known and emerging digital assets.

OKX also has a comprehensive ecosystem that extends beyond traditional trading. The platform provides spot and derivatives markets, including futures, options, and perpetual swaps, catering to both casual and professional traders.

Additionally, OKX has integrated a DeFi wallet, enabling users to connect with decentralized applications (dApps), swap tokens on-chain, and manage their crypto portfolios without leaving the platform. OKX also runs a Launchpad for early access to promising token projects.

Security is a core focus for OKX. It employs cold storage solutions to safeguard the majority of user funds, minimizing exposure to online threats. Multi-signature wallets, anti-phishing codes, and two-factor authentication (2FA) enhance account protection.

The platform created OKX Risk Shield—an asset risk reserve fund designed to guarantee and protect assets from crypto security risks. Additionally, OKX maintains a 1:1 reserve of all account assets on its platform and periodically performs proof of reserves reports to maintain transparency.

Standard Fees: Spot trading - 0.1%-0.3%; futures trading - 0.02% for makers, 0.06% for takers

Supported Crypto: Over 400

BYDFi is a crypto exchange that has been making waves in the industry. In 2023 alone, it was recognized by Forbes as one of the top ten best crypto exchanges on the market - that’s no easy feat to accomplish!

What makes BYDFi stand out, then?

First and foremost, the company behind the exchange puts a strong emphasis on regulatory compliance. The exchange is available in over 150 countries around the globe. Most notably, it can also be accessed and used by residents of the United States and Canada. That’s not a common perk that many exchanges can boast about!

Naturally, it’s not the only major benefit of BYDFi, either. The exchange has a large variety of trading tools that cater to both industry newcomers, as well as veteran traders who are looking for some advanced options. There’s even a copy-trading feature available, too!

Spot trading fees range from 0.1% to 0.3%, which is in the range of the industry average. The only notable downsides of the exchange are the fact that it doesn’t support NFT trading and storage, as well as the fact that there are no staking capabilities available on BYDFi.