15 Best Cryptocurrency Trading Platforms in 2021

KuCoin’s website promises fast trading of more than 600 currencies, with options for spot and margin trading as well as platforms on which to buy and sell NFTs. With 8 million users, the company says 25 percent of the world’s crypto holders are with KuCoin. Its May 2022 pre-Series B raise of $150 million boosted its market valuation to $10 billion, according to Techcrunch. According to the official website, the trading platform has around 20 million traders in over 200 countries. OKEx works on market competitive rates with a maker and taker fee of only 0.02%. The exchange also has a native coin, OKB, the holders of which enjoy a particular discount on trading fees.

• An AI-driven algo trading bot can make trades based on a predefined program strategy and react quickly to changes in the market.
• In fact, if you’re based in the US and using a USD payment method, you won’t pay any deposit fees at all.
• Binance is worth checking out for anyone looking for an all-in-one trading platform and US residents not concerned with margin trading.
• Those with more than $50,000 are considered Tier 1, those with more than $500,000 Tier 2, and those with more than $1 million Tier 3.
• Crucially, once you have verified your Coinmama account, making a purchase should take you less than a few minutes.

This mirrors live crypto market conditions, so you can buy and sell digital assets without needing to deposit or risk any money. This includes debit and credit cards issued by Visa, MasterCard, and Maestro. Bank transfers are also an option but this can delay the deposit by a couple of days.

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At the other end of the spectrum, the likes of Robinhood only support bank wire or ACH deposits. There are thousands of successful crypto traders to choose from at eToro – so you’re sure to find one that alligns with your long-term investment goals. This is why we suggested sticking with regulated platforms – that put the customer at the heart of everything. For example, the likes of eToro, Capital.com, and Libertex are authorized and regulated by several reputable financial bodies. User verification can take from a few minutes up to several days depending on the exchange and the level of verification required.

• The platform also has a mobile app so traders can stay updated wherever they are.
• Furthermore, the platform rewards users with tokens for spending time in the ecosystem.
• An important consideration for beginners that have limited experience using an exchange, broker, or trading platform.

This influences which products we write about and where and how the product appears on a page.

Which crypto exchange has the lowest fees?

In the sections above we have reviewed the very best crypto exchanges for 2021. To recap, the table below outlines the main fees and commissions to take into account when comparing crypto brokers and exchanges. While Crypto.com offers an impressive amount of products and features, customer support is lacking.

• Bank transfers, however, are usually free on this top-rated crypto platform, albeit, you’d need to wait a few days for the funds to arrive.
• Tutorials offer help on crypto slang, buying NFTs, and opening a crypto wallet.
• In a lot of cases, you’ll find that the platform only supports deposits and withdrawals in the form of crypto.
• When it comes to trading commissions, the entry-level rate is set at 0.10% – which is low.
• Like most countries in the world, the USA Government does not consider Bitcoin or crypto illegal, meaning it can be bought and sold on exchanges if proper anti-fraud measures are adhered to.

Or if you’re fuzzy on the concepts surrounding CFDs, we have a guide explaining crypto CFDs too. Unlike an “investment,” crypto trading is often more short-term, spanning weeks, days, hours, and even minutes. With that said, if you’re looking to buy an up-and-coming or trending crypto asset like Dogecoin or the Shiba Inu Coin – you might need to do a bit more digging. Similarly, if you’re interested in Defi coins – which many in the industry argue could be the next big thing – you need to make sure the platform supports it before you sign up. As you might well know, much of the cryptocurrency exchange industry operates without a regulatory license.

Capital.com – Best Cryptocurrency Trading Platform for Leveraged CFDs

Because of this, exchanges generally incentivize market makers by keeping the maker fee lower than the taker fee. Some of the most common types of fees you may come across while trading crypto includes exchange fees, spread fees, deposit fees, withdrawal fees, network fees, staking fees, and so on. US dollar stands as the benchmark currency of the global cryptocurrency industry. As such, most of the best cryptocurrency brokers discussed today allow you to deposit funds in USD. Stop-loss orders are part and parcel of being able to trade crypto in a risk-averse manner – so most platforms offer them. This includes the likes of eToro, Capital.com, Binance, Libertex, and many others.

• Some crypto exchanges will provide comprehensive FAQ’s and How-To-Guides which are useful for beginners.
• Users who are interested in spot trading will enjoy the low trading fees and a decent selection of popular cryptocurrencies.
• For example, in the case of Coinmama, the platform only supports 8 digital currencies.
• In 2019, Schwab purchased online brokerage TDAmeritrade, which, like Schwab, offers trusts and other ways to invest in crypto, but does not actually facilitate crypto trading.
• For instance, some have had to freeze withdrawals from their rewards programs amid liquidity issues.

The escrow mechanism used in the peer-to-peer trading process may be challenging for new users while the comparatively slow trade execution could deter first-time users and active traders. Additionally, the exchange is more targeted at making smaller trades as trading volumes are lower than on centralized global exchanges. This decentralized exchange does not require users to complete a Know Your Customer (KYC) identity verification process, nor is the trading software limited to users in specific jurisdictions. On Bisq, users can buy and sell Bitcoin and other cryptocurrencies using various payment methods, including bank wire transfers, ACH transfers, and cash deposits. Additionally, BitMart customers can use the exchange’s Earn feature to receive interest on crypto assets held with the exchange. Moreover, experienced crypto traders can trade perpetual swaps on over 100 cryptocurrencies on BitMart with up to 100x leverage.

Top Crypto Trading Platforms

As such, MEXC is a well-rounded platform with features likely to appeal to investors of all preferences. Despite some restrictions for US-based users, KuCoin is a great trading platform for those immediate edge in other regions to speculate on crypto. Furthermore, its range of automated trading bots is an excellent addition and will likely appeal to traders aiming to streamline their workflow.

• Not only is the platform heavily regulated, but it offers industry-leading fees.
• This includes major crypto assets like Bitcoin, Ethereum, Ripple, and Litecoin – as well as a selection of Defi coins.
• To find out which wallet is best to use, read our comparison of the best crypto wallets based on our reviews.
• If you are looking to trade a wide range of new and small-cap crypto tokens, BitMart is arguably the best choice.
• It’s also our top choice for experienced traders, as it offers advanced order types and supports margin and futures trading.

With that said, with high fees and limited cryptos, Coinbase remains primarily an easy-to-use exchange for novice investors. Due to its simple user interface, Coinbase is utilized by investors looking to build their first cryptocurrency portfolio. Despite being aimed at beginners, Coinbase is a versatile platform and is undoubtedly one of the best ways to buy Bitcoin and other cryptocurrencies for beginners.

Luno – Bitcoin Trading Platform With Savings Account of Up to 4%

A centralized exchange is a marketplace operated by a business entity that buys, sells and facilitates transactions in cryptocurrency. A number of cash and peer-to-peer payment apps now allow users to buy and sell Bitcoin. On balance, these apps are more limited in what they offer than the exchanges and brokers above. Several brokers offer cryptocurrency trading in addition to stocks, funds and other asset classes.

The VIP program is a tiered one, where users get lower fees depending on how much they hold. Those with more than $50,000 are considered Tier 1, those with more than $500,000 Tier 2, and those with more than $1 million Tier 3. At the highest level, the fee rate goes down to 0.04% for takers and 0.01% for makers. Bybit is an exchange that is headquartered in Singapore and has a strong presence in Asia.

Crypto.com – Best For Cryptocurrency Exchange App

Unlike its peers, such as Robinhood and Venmo, Cash App also lets users withdraw their Bitcoin to third-party wallets, which makes it stand out from its competition. Moreover, BitMart suffered a security breach in December 2021 that resulted in the loss of $196 million in user funds. While BitMart has promised to reimburse users, the hack has made a substantial dent in the exchange’s reputation. Traders and investors who prefer to trade on a highly secure platform will appreciate what Gemini has to offer. You may be able to buy fractional shares of coins for pennies or just a few dollars.

Centralized exchanges typically are better suited for first-time crypto investors compared to decentralized exchanges. EToro is an easy-to-use crypto exchange available without restrictions to US residents. Its social trading features make eToro an excellent option – for users without much experience looking to start trading. But while CFD-based instruments can be bought with leverage, crypto assets cannot be in certain countries outside the US. As such, traders looking for a high-leverage platform should look elsewhere.

The Dramatic Rise of Bitcoin

Founded by Oleksandr Lutskevych, Cex.io marked its entry into the market in 2013. Initially, Cex.io only offered cloud mining services, but then it became the online exchange platform. It provides a wide range of cryptocurrencies, including the crypto giants like Bitcoin, Ripple, Ethereum, which are to be traded for USD, GBP, RUB, and EUR. One thing that makes Cex.io distinctive from its counterparts is the easy payment method. It also promises the direct and instant withdrawal of funds to a bank account or card.

• To give you an example, Bitcoin can be bought and sold at a minimum spread of just 0.75%.
• Most importantly – eToro is authorized and regulated by a number of reputable bodies.
• US dollar stands as the benchmark currency of the global cryptocurrency industry.
• The trading platforms make money through transaction fees and are intermediaries between the buyer and the seller.

This includes most top-20 cryptocurrencies in terms of market capitalization – such as Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar Lumens, Tether, Decentraland, and Litecoin or DeFi coins. Coinbase also offers a number of less popular digital currencies, including but not limited to Band, Maker, Graph, and NuCypher which makes it an excellent defi trading platform. If you want to buy and sell digital currencies like Bitcoin, Ethereum, and Ripple – you’ll need to find a top-rated crypto trading platform that meets your needs. With hundreds of potential options to choose from – knowing which crypto platform to trade with can be challenging. CashApp, a peer-to-peer money transfer system run by Square, allows users to purchase and sell Bitcoin. Unlike other cash apps noted here, Cash App allows users to transfer their Bitcoin to their own cryptocurrency wallet.

Best Crypto Trading Platforms Reviewed

Zero-commission stock and trading platforms made some good strides in this aspect, but the platform has of late found itself at the receiving end of multiple unwarranted developments. As the names suggest, deposit and withdrawal fees are fees that crypto exchanges charge when users deposit and withdraw funds, respectively. Many exchanges these days have zero deposit fees, although they may levy the withdrawal fee to cover the transaction costs of moving funds out of their custody. To conclude our guide on the best cryptocurrency trading platforms for 2021 – we are now going to show you how to get started with eToro. Since its inception, Luno has facilitated more than $21 billion worth of cryptocurrency buy and sell orders across 8 million+ customers. In order to get started, you will first need to download the Luno app and then open an account.

• If you decide to keep your coins at Binance, the platform keeps the vast majority of client funds in cold storage.
• Binance, the world’s largest cryptocurrency exchange, and its founder Changpeng Zhao have faced extensive litigation from U.S. regulators this year.
• Customers can buy cryptocurrencies with fiat money, or they can also sell Bitcoin on the site.
• As such, residents in the US will only be able to access some of the products and services offered by KuCoin.
• There are several different fee structures to be aware of when using crypto exchanges.

While Coinbase is a suitable digital asset exchange for both new and advanced crypto investors, trading fees can be relatively high, ranging from 0% to 0.60% depending on trade volume. For instance, several Trustpilot users mention problems with customer support. Additionally, there are numerous stories of unexpected account closures that have tainted the exchange’s image. We performed an in-depth assessment of the features and options offered by nearly 25 cryptocurrency exchanges, crypto trading apps and brokerage platforms that offer crypto trading options.