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Best Crypto Exchange and Bitcoin Trading Platform in 2021

April 2021

Top 3 of the Best Crypto Exchanges

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 offers 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 on bitcoins 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 plummeting exchange rates, and the entire earning strategy is based on it. Bitcoin (Bitcoin, BTC) is one of the most popular cryptocurrencies in the world today.

The Best Crypto Exchanges Rating 2021

Important notice

The cryptocurrency exchange rating was created by Traders Union experts providing everyone with objective and independent information about the best crypto exchanges in one place. 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 2021.

Position

Overall score

Broker

Trust rating

Position:
9.6
Broker

ByBit

Trust rating:

100 of 100

All reviews

STUDY REVIEW

Position:
9.5
Broker

Binance

Trust rating:

97 of 100

All reviews

STUDY REVIEW

Position:
9.4
Broker

Coinbase

Trust rating:

92 of 100

All reviews

STUDY REVIEW

Position:
4
9.3
Broker

BitMEX

Trust rating:

84 of 100

All reviews

STUDY REVIEW

Position:
5
9.2
Broker

Huobi Global

Trust rating:

77 of 100

All reviews

STUDY REVIEW

Position:
6
9.1
Broker

Paxful

Trust rating:

69 of 100

All reviews

STUDY REVIEW

Position:
7
9
Broker

Ledger Wallet

Trust rating:

42 of 100

All reviews

STUDY REVIEW

Position:
8
8.9
Broker

Trezor Wallet

Trust rating:

31 of 100

All reviews

STUDY REVIEW

Position:
9
8.8
Broker

LocalBitcoins

Trust rating:

24 of 100

All reviews

STUDY REVIEW

Position:
10
8.7
Broker

CryptoHopper

Trust rating:

17 of 100

All reviews

STUDY REVIEW

Position:
11
8.6
Broker

CoinMetro

Trust rating:

9 of 100

All reviews

STUDY REVIEW

Position:
12
8.5
Broker

Currency.com

Trust rating:

6 of 100

All reviews

STUDY REVIEW

Position:
13
8.4
Broker

OKEx

Trust rating:

3 of 100

All reviews

STUDY REVIEW

Average score of the Top 3 cryptocurrency exchanges among the Traders Union rating

Here you can study the average score of the most popular cryptocurrency exchanges among Traders Union traders. This average score was formed based on the analysis of the basic parameters of the cryptocurrency exchange operation and demonstrates the general level of quality of the terms for cryptocurrency trading provided by exchanges.

  • 9.6/10

    ByBit

  • 9.5/10

    Binance

  • 9.4/10

    Coinbase

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, and 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 work and the quality level of service.

Key sections of typical cryptocurrency exchange sites

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 the reliable cryptocurrency exchange website:

  • 1

    About cryptocurrency exchange.

    A section on each cryptocurrency exchange with a description of its history, its purpose and mission on the cryptocurrency market, as well as the country and registration address, the name of the financial regulator, and the license number and contact details of the crypto exchange.

  • 2

    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 the selected asset, its current quotes, as well as information about the fees of the cryptocurrency exchange.

  • 3

    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.

  • 4

    Analytics/Cryptocurrency market news.

    The section with analytics and the latest news of the cryptocurrency market on the cryptocurrency exchange website will allow you to estimate the market situation in real-time and, as a result, invest in a particular digital asset more effectively, making more profit.

  • 5

    Customer service.

    The customer support portal ensures prompt communication with representatives of the cryptocurrency exchange when questions arise.

  • 6

    Several communication channels.

    and a 24/7 support service are additional advantages of a crypto exchange.

  • 7

    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.

Also, pay attention to the availability of promotions or bonus programs for both existing and novice clients of crypto exchanges. You may change the language of the site and the news from the cryptocurrency exchange itself. This extra information helps to assess the level of customer focus on the cryptocurrency exchange.

How to start trading on the cryptocurrency exchange?

To start working with cryptocurrency exchanges and get bonuses from the Traders Union:

  • 1. Choose a suitable company from the Best Cryptocurrency Exchanges Rating, go to the website of this company using the Traders Union referral link, and register your trading account there.

  • 2. Replenish the balance of the account with the minimum amount required. This information is indicated on the website of all crypto exchanges. You can find the list on this page.

  • 3. Then choose the trading instrument, such as bitcoins or altcoins (alternative cryptocurrencies that are connected to the bitcoin rate). All trading operations carried out by the bitcoin crypto exchange are similar to operations in the Forex market: traders seek to buy cheap and sell high; thereby, making a profit from cryptocurrencies. Making a profit will not be difficult for those who are familiar with the basics of trading in financial markets.

Crypto trading fundamentals

  • Don’t risk it.

    Always play safe and exit the trade promptly if conditions are unfavorable.

  • 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 allows you to minimize the number of unsuccessful transactions. Veteran traders also recommend minimizing trading losses by opening orders by no more than 50% of the amount of the trading deposit, and you must leave a trade by canceling the order and setting a new one to sell 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. Leave a trade by canceling the order and placing a new one to sell.

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.

Cryptocurrency exchanges | Expert’s opinion

Cryptocurrency trading is trending and gaining momentum and popularity among traders. Many new cryptocurrency exchanges have recently entered the market, offering to provide services for trading various digital assets. Beware: there are reliable exchanges and scammers on the cryptocurrency market, just like in Forex.

Our analytical department regularly conducts comprehensive studies of the activities of all cryptocurrency exchanges, including verifying novice traders who are vying to make the cryptocurrency market for Traders Union clients as safe as possible. Information about verified crypto exchanges is published in the Cryptocurrency Exchanges Rating section.

Choose a cryptocurrency exchange for cooperation from the Top 5 ratings to assure that you are working with a trusted and reliable company. Also, register on the exchange website using the referral link of the Traders Union to get bonus payments and free legal support.

Antony Robertson

Antony Robertson

Traders Union’s analyst trader

Are you already working with any Crypto broker? Then submit your feedback here!

  • Submitting your feedback on cooperating with your broker, you make a great contribution to the truly fair crypto market formation.
  • Your review will secure other people who are just taking their first faltering steps in the crypto market against making mistakes and will help to make the right choice.
LEAVE A REVIEW

Author of this cryptocurrency exchanges review

Mark Palmer

Mark Palmer, financial analyst

Mark Palmer has been a financial and economic analyst since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. Mark's motto is to help everyone graduate from a novice to a professional trader.

Latest reviews about crypto exchanges

This section contains the latest reviews about cryptocurrency exchanges left by the clients of these companies. Each review published on the Traders Union website has been moderated and verified by independent experts, therefore it is an objective assessment of each exchange.

Important

You can also submit your feedback about any crypto exchange from our rating on the profile page and help us in our mission to provide everyone with the opportunity to objectively evaluate any company based on real and independent reviews.

  • Huobi Global

    Embun_sutrisno12

    13.10.2021

    Comment

    I have seen information that the Huobi exchange uses customer deposits for third-party investments. She is accused of raising about 5,000 BTC in order to cover losses. If true, it looks a lot like a pyramid scheme.

  • Huobi Global

    marto

    15.08.2021

    Comment

    The Huobi exchange can be problematic. This is a Chinese exchange, and its operation will depend on the actions of the Chinese authorities. For the citizens of China, there may not be many problems. But for citizens of other countries ... Decide for yourself

  • LocalBitcoins

    rengga

    04.05.2021

    Comment

    In my opinion, LocalBitcoins is one of the best crypto exchanges. I note that registered users are given more opportunities. Thanks to the frozen wallet, the funds remain safe until they are sold or withdrawn. The big plus is that you can choose any payment system. I usually use a Kiwi wallet, as it opens up more offers. I chose LocalBitcoins among all the exchanges, as it inspires confidence. There are also quick withdraws (no need to wait a few days), and the commission is quite adequate.

  • Paxful

    prasad_premarathne

    04.05.2021

    Comment

    I support positive reviews about Paxful. The first thing that caught my eye when visiting this P2P platform is an intuitive interface, presented in 21 languages. This means that the company is open to cooperation with traders from different countries. And now, 2 years after registering on this site, I understand that the first impression was not deceptive. I am satisfied with the cooperation with the Paxful exchanger, if not for 100%, then for 99% for sure. Trading here is comfortable, there are no technical failures, so the execution of transactions is always on top. Honestly, I'm not surprised that the pool of buyers/sellers on Paxful is growing every day.

  • Binance

    aishwara

    03.05.2021

    Comment

    I can recommend Binance because I have been trading crypto on this platform since 2017. Frankly speaking, it was initially difficult for me. But for veteran traders, Binance will be generally interesting. There is a grid of remuneration for makers/takers, which allows you to earn extra money. The higher the trading activity, the more bonuses you’ll get from the exchange.

  • Binance

    bagyi2002

    01.05.2021

    Comment

    I have a lot of trust in the Binance crypto exchange. For a year and a half of cooperation with it, there were no problems either with trading coins or withdrawing profits. Although the company operates in the absence of regulation, it tries to honestly fulfill all agreements. I heard on the grapevine that there are difficulties with withdrawing funds and trading limits, but that is only for unverified users. Guys, just go through this verification procedure and you will be happy. Binance must take be very conservative about its conditions on verification because of the requirements of international law and anti-money laundering policies.

  • Trezor Wallet

    zie

    01.05.2021

    Comment

    I mainly use the Trezor Wallet to store assets, but sometimes I also exchange Litecoins for Bitcoins here. I like that you can exchange directly from the Trezor interface and that many cryptocurrencies are supported. The whole process is always fast and safe. Conveniently, there is an observation mode where you can view the information in your personal account even when the wallet is not connected to a computer. I would like the commissions to be lower, then this service will be a real catch.

  • Ledger Wallet

    vira

    26.04.2021

    Comment

    I have been using Ledger for a long time and even thinking about establishing cooperation. I have several wallets and I can say that it is not the second to none option, of course, but not bad either. It will be great for newbies in general because the interface is convenient and simple. If you are a professional, then it is better to buy several models because there are not enough available currencies. If we talk about reliability and functionality, then everything is fine; and no problems arise during use. The exchange is also lightning-fast, you can work with multiple accounts and track the transaction ID. For me, Ledger is currently the premier crypto exchange.

  • Binance

    iroha

    22.04.2021

    Comment

    I believe that the Binance cryptocurrency exchange is enjoying a lot of user confidence for a reason. Over the years that I have been trading on this platform, I have seen its proactive development. The company is trying to improve the service by adding many new features. For example, the launch of the native BNB token, which can be obtained for activity and then used to reduce commissions. I believe that this is one of the manifestations of loyalty and customer care. Anyway, there are many eye-catching goodies here to be explored and enjoyed.

  • Binance

    Rafiinoon

    20.04.2021

    Comment

    I wanted to reach out to the Binance exchange back in 2017 just when the crypto market went into a “bull rally”, but then somehow I changed my mind. First, the market quickly collapsed, and second, life’s circumstances had control of me. Consequently, I returned to this topic only a couple of months ago. Binance can give a head start to other crypto exchanges. Thanks to its large trading volumes and liquidity, this company sets the lowest commissions and provides the best security.

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FAQs

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.

Where to find reviews about crypto exchanges?

You can find the latest reviews by traders about the activities of cryptocurrency exchanges in the profile of each company. Find additional reviews on the TU Forum.

How to open an account on a cryptocurrency exchange using the Trading Union Rating

To open an account on a cryptocurrency exchange: select a crypto exchange; go to the website of this company using the Traders Union website; register; and open a real trading account on the exchange website. Finally, enter the account number in the Accounts section on the Traders Union website.