Don’t risk it.
Always play safe and exit the trade promptly if conditions are unfavorable.
10 Best Crypto Exchanges (2024) Top Bitcoin Trading Platforms
Updated:
February 09, 2024
Editorial Note:
While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.
In a cryptocurrency exchange, traders can exchange one cryptocurrency for another. Exchanges are also made for other assets, such as national currencies (dollar, euro, yuan). Our Crypto Exchanges Rating evaluates platforms that provide access to cryptocurrency trading. An investor must first understand how to trade on a cryptocurrency exchange and how to choose the best cryptocurrency exchange to make money with Bitcoin and other digital currencies.
Cryptocurrencies are digital currencies, each of which has a unique encrypted computer code. Cryptocurrencies are a new kind of digital financial asset. They, as well as traditional currency pairs, are also subject to changing exchange rates, and earning strategies are based on that. Bitcoin (Bitcoin, BTC) is one of the most popular cryptocurrencies in the world today.
Best Crypto Exchanges for 2024 (United States)
Best liquidity in top coins (highest BTC and ETH volume, as well as average liquidity)
Best for diverse social trading (spot, futures, and bot copy trading with low fees)
Best for trading crypto-fiat pairs (supports 7 fiat currencies, simple trading platform)
3
9.1/10
Go to broker
Your capital is at risk.
Minimum
deposit:
deposit:
$1
Leverage:
1:5 for margin trading, 1:50 for futures
Trading platform for basic operations (spot and futures for major pairs)
Highest level of security (multiple regulations, high data protection standards)
6
8.5/10
Go to broker
Your capital is at risk.
Your capital is at risk.
Your capital is at risk.
Minimum
deposit:
deposit:
$1
Leverage:
Up to 1:150
Your location is United States
We’ve selected Top Crypto Exchanges providing services in your country. If you would like to learn about the best crypto exchanges in a different region, please use the “Find my crypto exchange” service.
Crypto Exchanges Ranking for 2024 (United States)
The cryptocurrency exchange rating was created by Traders Union experts to provide everyone with objective and independent information about the best crypto exchanges. Traders Union specialists have access to the internal trading and client indicators of a record number of cryptocurrency exchanges, and can also analyze data from thousands upon thousands of traders. This is precisely why the Traders Union rating of cryptocurrency exchanges is the most objective rating available for 2024.
| Ranking position | Logo | Crypto Exchange | Minimum Deposit | Next Step |
|---|---|---|---|---|
|
1
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
2
|
|
|
Minimum Deposit:
₮1
|
Open an Account
Your capital is at risk.
|
|
3
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
4
|
|
|
Minimum Deposit:
$10
|
Open an Account
Your capital is at risk.
|
|
5
|
|
|
Minimum Deposit:
$2
|
Open an Account
Your capital is at risk.
|
|
6
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
Your capital is at risk. |
|
7
|
|
|
Minimum Deposit:
$30
|
Open an Account
Your capital is at risk.
|
|
8
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
9
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
10
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
11
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
12
|
|
|
Minimum Deposit:
$5
|
Open an Account
Your capital is at risk.
Your capital is at risk. |
|
13
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
14
|
|
|
Minimum Deposit:
0.0001 BTC
|
|
|
15
|
|
|
Minimum Deposit:
$1
|
Open an Account
Your capital is at risk.
|
|
16
|
|
|
Minimum Deposit:
$1
|
|
|
17
|
|
|
Minimum Deposit:
$1
|
|
|
18
|
|
|
Minimum Deposit:
$1
|
|
|
19
|
|
|
Minimum Deposit:
$1
|
|
|
20
|
|
|
Minimum Deposit:
$1
|
Do you prefer watching videos? Then watch the video summary of this article.
Below you will find all the information.
Official cryptocurrency exchange — How to choose?
Just study the cryptocurrency exchange rating compiled by financial specialists and analysts of the Traders Union to choose the best exchange for cryptocurrency trading. Also, you must familiarize yourself with the main crypto-exchange trading terms in its profile. You can then open an account using the referral link of the Union.
Study the available services and trading tools for cryptocurrency trading on the company's website to form an impression of the crypto exchange’s quality of service. It is important to know if a cryptocurrency exchange is available in your country. On the Traders Union website, you will find the best exchanges that operate in different countries and regions - for example, Australia, USA, UK, Europe, etc.
Study the official website of the cryptocurrency exchange in detail to independently conduct a comprehensive analysis of its services and offers.
These are the sections that should be available on a reliable cryptocurrency exchange website:
-
About cryptocurrency exchange.
A section on each cryptocurrency exchange, with a description of its history, its purpose, and mission in the cryptocurrency market, as well as the country and registration address, the name of the financial regulator, and the exchange’s license number and contact details of the crypto exchange.
-
Trading conditions/Trading.
This section describes the exchange’s trading conditions and trading instruments. Here you can find a list of available cryptocurrencies, price movement charts of a selected asset, current price quotes, as well as information about the fees of the cryptocurrency exchange. In the TU rating, you can find commission-free cryptocurrency exchanges.
-
Training/Help/Blog.
An educational section with basic information about the cryptocurrency market, which will help a novice trader learn the basics of crypto trading. Also, there’s a help section with detailed guides for working with the cryptocurrency exchanges, such as instructions for opening a trading account, working with a trading platform, etc.
-
Analytics/Cryptocurrency market news.
The section with analytics and the latest news of the cryptocurrency market on the cryptocurrency exchange website will enable you to estimate the market situation in real-time and, as a result, invest in a particular digital asset more effectively, thus, hopefully, making more profit.
-
Customer service.
The customer support portal ensures prompt communication with representatives of the cryptocurrency exchange when questions arise.
-
Several communication channels.
and a 24/7 support service are additional advantages of a crypto exchange.
-
Personal account.
You can register a personal account on the website of a cryptocurrency exchange. It stores the client's data, information about account verification, trading activity on accounts, the deposit/withdrawal transactions history, as well as extra tools available only to registered users.
Opinion of TU Expert
Author, Financial Expert
at Traders Union
After the crash of FTX and several other smaller cryptocurrency platforms, investors are paying increasing attention to their reliability. And for a good reason. Of course, investors should focus on the transparency of the exchange data, regulations, and methods of information protection. Traders Union experts, when compiling the rating, dedicated considerable attention and time to evaluating the reliability and stability of exchanges.
The optimal choice of a cryptocurrency exchange also largely depends on the goals of a specific investor. Some exchanges specialize in spot trading, offering a vast selection of coins specifically for spot trading and investing. Others focus on the futures market, where key indicators include commission size, integration of the trading platform with bots, and high liquidity. The third type of exchanges has created comfortable conditions for earning passive income through staking. To make the optimal choice, thoroughly read detailed reviews on the Traders Union portal.
Crypto trading fundamentals
-
-
Be patient.
Wait for optimal trading signals to start. Patience allows you to avoid unnecessary risks and rash moves.
-
Controlling the order book with the list of quotes is an extremely important skill since the further profit of the trader depends on the quotes.
-
Be aware.
Always be aware of information on the volume and capitalization of the market. This will allow you to predict future quotations and market behavior.
Being informed of current conditions in the primary market enables you to minimize the number of unsuccessful transactions. Veteran traders also recommend minimizing trading losses by committing no more than 50% of the amount of money in your trading account at any one time. Close a trade if market conditions become unfavorable.
Important
It is quite difficult to trade large amounts on crypto exchanges, since other traders, having found such orders, always try to be proactive and begin to sell their coins widespread, as they expect new activity in the market. So, divide your application into several small orders, which should not exceed 0.5 BTC.
Keep in mind that cryptocurrency exchanges get their main liquidity from limited groups of participants that can make a significant correction in the rate, and it is very important to be able to detect a change in trend and place appropriate orders promptly.
Top 3 technologies to take into consideration when choosing a crypto exchange in 2024
NFT (non-fungible tokens) allow you to sell objects of art, gaming objects and other singular digital objects. Top exchanges offer NFT marketplaces.
Decentralized Finance (DeFi) are the financial instruments of the 21st century; they enable users to provide services to each other without intermediaries such as traditional banks and insurance companies.
Tokenized assets – cryptocurrency exchanges are increasingly offering access to trade not only cryptocurrencies, but also tokenized Forex pairs, stocks, real estate, and other financial assets. This expands the area of use of the exchanges.
Understanding Crypto Exchange Fees
Crypto exchange fees are an essential aspect to consider when choosing a platform. Choosing the crypto exchange with the lowest fees helps give you a bigger profit when trading. Let's explore the different types of fees commonly associated with cryptocurrency exchanges:
Trading Fees
Trading fees are charges imposed by exchanges for executing trades on their platforms. They are typically calculated as a percentage of the trade's value or as a fixed fee per trade. These fees can vary significantly among exchanges. It's important to consider the fee structure and compare it with other platforms to ensure you're getting the best value for your trades.
Deposit Fees
Some exchanges may charge fees for depositing funds into your trading account. These fees can vary depending on the payment method used, such as bank transfers, credit/debit cards, or cryptocurrency deposits. It's advisable to review the deposit fee structure of an exchange before initiating any transactions to understand the potential costs involved.
Withdrawal Fees
Similar to deposit fees, withdrawal fees are charges imposed by exchanges when you withdraw funds from your trading account. These fees can also vary depending on the withdrawal method chosen and the cryptocurrency being withdrawn. It's essential to consider withdrawal fees, especially if you plan to move your funds frequently or in large amounts.
Account Fees
Account fees are charges associated with maintaining an account on a crypto exchange. Some exchanges may require users to pay a subscription fee or a fee for accessing premium features or services. It's important to review the account fee structure of an exchange to understand any potential ongoing costs.
How Do I Open a Crypto Exchange Account?
Opening a crypto exchange account is a straightforward process. Here is a step-by-step guide.
Step 1: Visit a crypto exchange Website
Go to the crypto exchange website using a web browser of your choice.
Step 2: Sign Up
Click on the "Sign Up" or "Register" button on the homepage. You will be directed to the registration page.
Step 3: Provide Email and Password
Enter your email address and choose a strong password for your account. Make sure to follow any specified password requirements.
Step 4: Complete Email Verification
Check your email inbox for a verification email from your crypto exchange. Click on the verification link provided to confirm your email address.
Step 5: Set Up Two-Factor Authentication (2FA)
To enhance the security of your account, set up Two-Factor Authentication (2FA). This typically involves linking your account to an authenticator app, such as Google Authenticator or Authy, to generate one-time verification codes.
Step 6: Complete KYC Verification
Bybit may require you to complete a Know Your Customer (KYC) verification process. This process involves providing personal information and identity verification documents, such as a passport or driver's license. Follow the instructions provided by crypto exchange to complete the KYC verification.
Step 7: Fund Your Account
Once your account is verified, you can proceed to fund your account. Select the desired cryptocurrency and follow the instructions to deposit funds into your account.
Step 8: Start Trading
It's advisable to start with small amounts and gradually increase your trading activity as you gain experience and confidence in the market.
Latest customer reviews of cryptocurrency exchanges
about Zoomex
25.04.2024
I use Zoomex to copy trades of other traders since I know little about cryptocurrency trading. I chose its copy trading service for several reasons. The first one is low fees. If traders to whom I subscribe execute successful trades, I give them only 10% of my profits. On other exchanges, this fee is 20%-40%, which is unacceptable to me. I don’t pay fixed subscription fees either. Also, I like the huge choice of signal providers. I can sort them by different criteria and customize copying parameters. In general, I think that Zoomex has implemented a convenient automated trading service with favorable conditions.
about Phemex
24.04.2024
I'd give this scam site a zero if I could. They will manipulate the price just so you never get ahead. I've lost $thousands to this site never fails when you short BTC the price will go up indefinitely until you are liquidated. Oh you think maybe you got the long right no they will drop the price right out from under until you are liquidated everytime. Don't waste your money on this pos scam company.
about ICRYPEX
22.04.2024
This is probably the best crypto exchange I know. Trading conditions and implementation are great. There is always demand and liquidity. I use the mobile app, since there are necessary features only. The exchange is constantly developing and it regularly offers new opportunities. For example, in 2023, it introduced the ICPX token that is actively traded, integrated with major cold wallet services, and provides significant discounts on fees. Also, it is used for staking with above-market average profits. I wish I could make deposits in EUR or USD. This is probably the only disadvantage that I have found here. Otherwise, this is a great exchange and I’m going to continue trading here.
about Zoomex
16.04.2024
I use Zoomex to trade futures contracts because I like its conditions. The mobile app for Android operates quickly and freezes very rarely. Yet, there are few indicators, so I switch to the web platform for deeper market analysis. Over 40 cryptocurrencies are available for deposits and withdrawals. The exchange supports the fast withdrawal of funds, however processing requests sometimes takes up to 30 minutes. All financial transactions are conducted 24/7. Technical support is also available without breaks, so all questions and problems are solved quickly. Zoomex’s speed and fees are overall fine for me.
about Zoomex
15.04.2024
I’ve been trading cryptocurrency derivatives on Zoomex for over 2 years. Spot trading has become a significant advantage, since now I can trade both underlying assets and derivatives on a single platform. Also, it is possible to switch between DEX and CEX with one click. Today, the choice of cryptocurrency pairs is not very wide, but the most popular coins are available and new ones are added regularly. Occasionally, the exchange offers bonuses to its existing clients, including cash back for staking, an increased rate of a partner reward, etc. Copy trading is available on the web platform and in mobile apps. It is convenient as all portfolio and trading statistics are provided in one place and you don’t have to sign in on several platforms or download additional apps.
about eToroX
13.04.2024
eToroX is a good crypto company. Withdrawals take about 30 minutes. I don’t withdraw often, but the money always comes within the specified time. The support works great — if there are problems, they will definitely help you.
about Binance
11.04.2024
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
about ICRYPEX
11.04.2024
I heard about Icrypex from traders I know. They mostly use its converter. I also used it to exchange fiat into cryptos, but then I realized that it is reliable and stable. There are many cryptocurrencies paired with USDT and TRY and new assets are added regularly. OTC trading is available with large volumes. I want to distinguish staking: I place ATOM for 120 days at 16.6% per annum, and it’s great. Also, I stake Ethereum, though the interest rate is lower. By the way, ETH is a very promising asset. So, now I’m an active user.
about Margex
10.04.2024
Upon registration with Margex, I received a $50 bonus. I couldn’t withdraw or use it for trading, but I reduced my trading fees with it. I like the web platform more since it is more functional than mobile apps. It is possible to switch between accounts for active and copy trading in one click, and more than 50 technical indicators and price alerts are available. The minimum leverage is 1:5. However, if I think there is no need to risk too much, 1:2 would be enough for me.
about OKX
09.04.2024
Been playing around with OKX for a while now, mostly on their demo account. Great for getting the hang of the platform and trying out different trading strategies without risking real money. But the demo seems a bit limited. For example, it doesn't have all the features available on the live account, like margin trading. Wish you could test out everything before jumping in with real cash. Kind of feels like training wheels you gotta eventually take off.
-
How Do You Buy Cryptocurrency?
To buy cryptocurrency, you need to choose a reputable crypto exchange, create an account, deposit funds into your account, select the desired cryptocurrency, and place a buy order at the current market price or a specific price of your choice. Once your order is filled, the purchased cryptocurrency will be credited to your exchange account, and you can choose to transfer it to a personal wallet for added security if desired.
-
How Many Crypto Exchanges Are There?
The number of crypto exchanges is continually evolving as new platforms emerge and existing ones evolve or shut down. Currently, there are thousands of crypto exchanges available worldwide, catering to different markets and offering various features and services.
-
What Is the Best Crypto Exchange with the Most Coins?
Bybit, one of the biggest crypto exchanges today, is known for its extensive selection of cryptocurrencies, making it one of the exchanges with the most coin options. It offers a wide range of cryptocurrencies, including major ones like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as numerous altcoins and new project listings.
-
How Much Money Do You Need to Buy Crypto?
The amount of money required to buy crypto depends on various factors, including the price of the cryptocurrency you wish to purchase, the exchange's minimum investment requirements, and your personal investment goals.
-
What are cryptocurrency exchanges and cryptocurrency trading?
A crypto exchange is an online service where traders exchange similar digital (crypto) currencies at a favorable rate. Cryptocurrency trading is the process of digital assets buying and selling to reap a profit from the difference in their rates.
-
How to choose a cryptocurrency exchange in the TU Rating?
Pay attention to its position in the ranking when choosing a cryptocurrency exchange. The higher position they are in the rating table reflects their reliability and popularity among traders.
