12 Best Crypto Trading Platforms in 2024

Bybit - Best for active traders

Bybit Review

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ByBit is definitely one of the biggest platforms when it comes to derivatives trading. The exchange has a friendly design, making it comfortable for both newbies and veteran users. And despite operating out of Singapore, the exchange spreads its services across the world.

ByBit’s fantastic features and selection of 103 different coins available for trading give it a good first impression. Its trading interface is very much user-friendly, especially when compared to other crypto trading platforms. The exchange doesn’t charge that much in fees. In fact, ByBit has one of the fairest fee systems set at 0.025% for makers and 0.075% for takers.

Bybit Platform

And if you're always on the move, there are basically zero worries because ByBit has a mobile app that also offers similar impressive functionalities. The mobile app can be downloaded on Playstore or App Store and is convenient because it comes with the same desktop features.

Bybit Platform

A glance at ByBit’s trading screen reveals a super-clean design amplified by a smooth background and smart color palette. This is what we call an uncluttered trading portal laced with neatly-arranged trading tools to the screen’s right. If you’re a derivatives trader, ByBit might just be where you want to be trading. Don’t forget to check out the helpful resources and market activity analysis as well.

Binance - Best liquidity in top coins

Binance Review

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Undoubtedly a force to reckon with in the crypto space, Binance platform easily ranks amongst the top crypto trading platforms. Starting out in 2017, the exchange has now grown to become the most popular choice for newbies and professionals alike

Binance Plarform

As one of the largest and most reputable trading platforms in the world, Binance gives you access to around 409 different cryptocurrencies for trading. It also has a highly-rated mobile application available in light and professional versions. So rookies will find it easier using the lite version. You can get the app on Playstore or App Store.

Binance Plarform

Now when it comes to charges, there’s a 0.1% trading fee applicable. But what you end up paying eventually depends on how much you are trading, and the fees are subject to reduction depending on your VIP level. So, the more trades carried out, the more you incur in fees. As a sort of incentive, however, Binance will give you a 25% discount if you hold its native coin, BNB. Peer-to-peer trading is totally free.

Binance Plarform

As a trader, the best bitcoin trading platform should have a robust set of tools that aid in your analysis of the market. Binance has an impressive trading interface that comes packed with impressive technical indicators like the Bollinger Band, Moving Average, Relative Strength Index, etc. You’ll also find drawing tools and charts, all powered by Trading View.

OKX – Best P2P Platform

OKX Review

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OKX is a leading cryptocurrency exchange that offers a wide range of services, including spot, derivatives, and margin trading. It stands out for its peer-to-peer (P2P) trading platform, which allows users to buy and sell cryptocurrencies directly.

OKX website

OKX supports over 350 cryptocurrencies and 100+ local currencies, making it a versatile platform for traders. The platform also offers competitive fees and high yields from staking.

However, OKX is not available to users in the United States due to regulatory and compliance reasons. Despite this, OKX remains a top choice for P2P trading due to its user-friendly interface and extensive range of features.

BitMEX – Most Advanced Crypto Trading

BitMEX Review

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Bitmex focuses its services on traders who prefer to trade leverages. So if you fancy margin and futures trading, Bitmex might just be the best crypto trading platform for you. As of now, the trading volume on the exchange sits between $1B and $2B every day with 10 coins available, including Bitcoin, Cardano, Tron, Ripple, etc.

Although most traders tend to use the web platform, Bitmex now has an app which it plans to develop into a haven for all things advanced trading. You can download the app on Playstore and App Store, although we are yet to see official ratings from Google and Apple at this time. Going forward, we hope to see more updates in the application.

BitMex Platform

In all, the goal is to make the platform more user-friendly since leveraged trading is best suited for desktop browsers, thanks to the tons of information one has to sift through.

Despite its reputation as the most advanced crypto trading platform, Bitmex has created a demo section to help beginners get the hang of live trading. This is a good way to ensure that you understand the intricacies and risks associated with trading before getting fully involved. The exchange also has a comprehensive trading guide that you can refer to at any point in time.

Bitmex generally offers pretty low fees that are actually much lower when you compare them to what you have to pay on some other cryptocurrency exchanges. Regardless of the product being traded, Bitmex’s taker fee is 0.05% while the maker rebate is 0.02%. Completing higher trade volumes will also see you enjoy discounts on the taker fees.

BitMEX Platform

As for its technical interface, what you get is a functional, clutter-free trading platform that could use some updating. The platform comes with charts powered by Trading View, as well as widgets to match your preference.

Kraken – Best For High Volume Trading

Kraken Review

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Kraken Platform

Kraken began its operations in 2011 and still maintains meticulous platform standards that make it one of the most reliable exchanges for cryptocurrency traders. The biggest reason high-volume traders prefer to do their business on Kraken is that the exchange has top-notch security measures in place.

But it doesn't mean it lags behind in other areas like user interface and experience. Kraken’s trading platform has easy-to-use functionalities for every kind of trader. One aspect that might be a cause for concern is its intricate KYC and verification procedures which some visitors find to be quite complex.

Away from that, you’d want to check out its mobile app which could use some improvements of course but still comes in handy for traders on the go. The app is listed on Playstore and App Store. As of now, there are 100 cryptos available for trading.

When it comes to fees, you get charged based on trades completed. Stablecoin purchases made with the US dollar attract a 0.9% fee which rises to 1.5% when the same purchases are made with cryptos like Bitcoin. All completed trading orders will get charged around 0%-0.26%. However, these fees are also subject to change based on what kind of order you’re executing, as well as your 30-day trading volume.

Kraken Platform

The trading section is called Kraken Terminal, an intuitive interface powered by Cryptowatch (also owned by Kraken). The terminal gives you access to tools that help you understand and analyze the market such as indicators, overlays, and various charting styles.

Currency.com – Best For Tokenized Asset Trading

Currency.com Review

Currency.com doesn’t just rank on our best crypto trading platform list for no reason. It is literally the best-tokenized asset trading portal out there. What do we mean by tokenized assets? The phrase refers to non-crypto securities that have been converted into cryptos. Doing so gives crypto traders access to a wider range of assets.

Currency.com Platform

Based out of Minsk, Belarus, there are more than 2,000 tokenized securities available for buying and selling on Currency.com. And we also won’t forget to mention that you can trade 30 conventional cryptocurrencies such as BTC, ETH, LTC, and more. Currency.com is user-friendly and looks out for the interest of beginners by allowing you to set up a demo account. Users can then interact with these tokenized assets and cryptos while avoiding the risk of making real losses.

If you love to have your trades on a mobile app, no worries because Currency.com has Android and iOS smartphone applications. With this, you can have access to your trades from the comfort of a mobile device while on the move.

Currency.com Platform

With regard to fees, leverage trading fees for BTC and ETH are pegged at 0.06% while other cryptocurrency pairs will attract a 0.075% fee. You’ll also pay 0.2% in exchange fees when you trade up cryptocurrencies worth up to $50,000 while tokenized assets attract a 0.05% fee. Company tokens are free but have a 1.5% sell fee. The tokenized bonds trading fee is at 0.03%.

On Currency.com, you have access to diverse technical analysis indicators, charts with different time frames, and comprehensive tools to compare price movements. These are definitely everything a trader needs to analyze and execute trades.

How to Choose the Best Crypto Trading Platform?

Before jumping on any exchange, you have to decide what the best cryptocurrency trading platform is for you, and that requires doing some background research. You've got to consider some key factors and our experts at Traders Union have selected the most crucial. Here they are:

Security:

You want to find out if your desired exchange platform has top-notch security features. Get all the necessary information concerning how they secure your deposits and trades. You also want to check out online reviews to see what other uses think about them.

Range of coins and supported currencies:

How many of your preferred cryptos are available for trading on the exchange? Also, check to ascertain the kind of currencies supported on the platform. You want to be able to trade and exchange cryptocurrency for Fiat with ease.

Legal compliance:

Some countries or states impose strict regulations or outright bans on cryptocurrency platforms that failed to meet certain operational standards. Whatever your choice of exchange, make sure its activities are supported in your country of residence.

User-friendliness:

If you are just starting out with crypto trading, then the best Bitcoin trading platform should have an easy-to-use interface to minimize the frequency of newbie errors.

Fees, withdrawals, and deposits:

Transaction fees help to power crypto exchanges, so it’s normal to get charged for trading. But you want to make sure what fees are mandatory. Steer clear of exchanges that have too many hidden charges or a fee system that’s difficult to understand.

It also makes sense to consider the ease of depositing and withdrawing funds from the exchange. Find out whether the platform supports your preferred method of transaction or not.

Customer Support:

Access to customer support is non-negotiable, especially for beginners, so verify that the exchange has good customer support because it could be your only solution should you encounter any hiccups while trading.

How to Begin Trading Crypto

Step 1: Create a crypto trading account

From the 12 best crypto trading platforms discussed in this guide, pick one that’s most suited to your needs and set your account. You might have to complete KYC and verification requirements too.

Step 2: Add funds to your account

Go on to fund your account after signing up. Without money in your portfolio, there’s no way you can trade. Getting money into your account should be easy, depending on what methods the exchange offers (banking services, wire transfer, debit/credit card funding, P2P funding, etc.).

Step 3: Start trading your favorite cryptocurrency

Head over to the trading section of the exchange and start trading popular cryptocurrencies like BTC and ETH. You may also trade altcoins too by investing only in microcap Alts with high ROI potentials.

Step 4: Develop a risk management strategy

As you learn more about cryptocurrency trading, come up with a unique strategy that helps manage your risk and boosts your chances of winning. Not doing so will expose you to potential losses as has been the case with many beginners. You can take advantage of the training materials available on some exchanges or opt-in for paid crypto trading coaching or courses.