The best cryptocurrency exchange and trading platforms allow people with minimal trading knowledge to join the cryptocurrency revolution. On these platforms, you can exchange your coins for more traditional money (fiat) or buy more cryptocurrencies that you want to invest in.
Currently, the cryptocurrency market is growing at an incredible rate. It was worth $1.782 billion in 2021 and is expected to rise to $32.42 billion in 2027. This is an annual growth rate of 58.4%, which shows how popular the altcoin is.
For those interested in building their cryptocurrency portfolio, take a look at the best cryptocurrency trading platform options below.
What are the best cryptocurrency exchanges?
wellcrypto.io
https://wellcrypto.io is a cryptocurrency exchange site created to help novice and experienced traders and investors find the exchanges that are best for them.
Main features:
The https://wellcrypto.io/broker/coinbase/ team consists of experts in trading, investing, marketing, and DeFi.
The mission of the https://wellcrypto.io/broker/ftx/ team is to promote the widespread adoption of digital assets by helping you immerse yourself in the world of cryptocurrencies by investing in a simple, fast and most importantly secure way.
Coinbase
Coinbase is one of the most versatile cryptocurrency trading platforms on the market and we have chosen the best overall solution. This platform offers a wide range of cryptocurrencies to buy and trade, as well as an exceptional level of security.
The service is easy to use for beginners as you don’t need to have much knowledge about cryptocurrency trading to get started. It also offers the most advanced Coinbase Pro trading platform for more professional traders with a deeper understanding of the space.
Coinbase has its own dedicated API so you can integrate your own backend with Coinbase trading if you want to accept crypto payments as an e-commerce store or online service provider.
Main features:
Over 150 supported currencies to choose from and a range of trading pairs for beginners.
Coinbase secures digital funds on behalf of users and maintains USD balances in an FDIC-insured bank account.
There are several options for storing cryptocurrencies, including a custody option for new investors and a non-custodial wallet.
The company is geographically decentralized and is available in more than 100 countries.
eToro
eToro is one of the best cryptocurrency exchanges and markets on the market for beginners. Basically, you can “copy” another trader’s trades to get started if you’re having trouble deciding which currencies to invest in.
There are over 2,700 stocks and promotions on eToro, and the platform is very easy to navigate, accessible via browser and mobile app. Notably, eToro also allows users to invest and trade not only cryptocurrencies, but also CFDs, ETFs, and stocks.
One of the most attractive features of eToro is the social media trading community with a social media style news feed where people can discuss trading options.
main features
social functions. In addition to the social trading community, eToro also has the eToro Club, which allows users who have earned a certain amount of money to access recommendations.
Anyone can learn to trade through a series of lessons and tutorials from the eToro “Academy”.
With Smart Portfolios, you can invest in a set of pre-built assets, diversify your assets and start making money without any knowledge.
Binance
Binance is great at trading everything from Bitcoin to NFTs. This is our pick for the best low cost cryptocurrency trading platform as it has a generous fee structure with a maximum maker/taker fee of 0.1%.
One of the things that makes Binance unique is the access to its native cryptocurrency BNB, which allows you to buy and sell other coins. You can also buy a wide range of USD currencies if you want to avoid conversion fees.
The range of purchase options and discounts available is great for users who want to start trading cryptocurrencies as soon as possible on a minimal budget. However, Binance is only available in certain regions of the world.
Key Features:
You can choose from a wide range of cryptocurrencies, invest in NFTs, and even buy your own BNB.
An easy-to-use mobile app with convenient information about your cryptocurrency portfolio on the go.
Asset pools protect a portion of a user’s funds, while customizable access controls provide additional peace of mind.
kraken
If you are an experienced trader, Kraken will help you take your strategy to the next level with a professional-grade and intuitive trading platform. There are advanced order types, futures and margin trading, and many other unique features to explore.
This multifunctional cryptocurrency trading platform is rapidly becoming popular among professional traders. There are two platforms: the main variant and the “pro” platform, which offers customizable analysis tools, information and a wide range of order types.
On Kraken, users can engage in concepts like staking and setting up margin trading options.24/7 customer support service.
main features
Advanced trading options such as margin trading, indices, futures, and betting give professional traders more freedom.
Kraken has industry leading security features to protect your funds and NFTs. It has a top-notch security team and offline storage.
24/7 global support ensures you can always reach someone if you have a problem with your funds.
crypto.com
Cripto.com is one of the best cryptocurrency exchanges and trading platforms to manage your coins on the go. This mobile cryptocurrency exchange offers an extensive investment and trading system, accessible directly from your smartphone.
Crypto.com has a powerful ecosystem of digital assets consisting of its own blockchain known as the Crypto.org network. It has its own native token (CRO) and generated crypto products to explore. There are also many educational tools available to help you further your knowledge of crypto.
Main features:
A dedicated mobile app makes it easy to buy and sell cryptocurrencies, as well as get acquainted with other unique features of Crypto.com.
Receive rewards of up to 14.5% per year on your coins so you can get more out of your wallet.
The Crypto.com Crypto Card provides 5% cash back on all spending, so you can earn while you shop.
Access a full DeFi wallet with control of your private keys and earn interest on a range of DeFi products.
RobinHood
For those new to cryptocurrency trading, the apps don’t get much easier to use than Robinhood. This service has a simplified interface that is ideal for people who don’t have a lot of time to learn how to work from scratch. You can trade stocks, options, ETFs and cryptocurrencies for free and buy fractional shares without spending a fortune.
Robinhood also has a number of unique features, such as the ability to enable a “dividend reinvestment program” that automatically transfers any stock dividends to your ETFs and other environments.
Robinhood also allows users to participate in the initial public offering of the company, so it can also help grow the business as a whole.
main features
While the features of the mobile app are basic, they are extremely easy to use so you can easily trade and manage your money.
Robinhood has a cash card that allows users to earn weekly rewards to add to their investment portfolio as they spend.
The company recently introduced a Web3 wallet for decentralized trading.
BitMart
Bitmart is considered one of the best cryptocurrency exchanges and altcoin markets. If you want a trading platform that goes beyond the most popular coin options, there are over 1,000 coins to buy and sell here. There is also a useful “earn” feature that allows you to earn more interest on your crypto assets over time.
While you can buy crypto with standard fiat currency on Bitmart, you can also use the company’s own currency to receive discounts on child transactions. The solution offers standard, margin, advanced and futures trading for the most professional traders.
There are NFT options if you want to expand your portfolio, and you can also enter a number of contests the company runs regularly for a chance to win some of the coins the pool owns.
Main features:
Bitmart offers a large selection of cryptocurrencies, including various altcoins and individual coin pairs.
You can use margin trading, futures trading and even buy NFT to expand your portfolio.
Knowing the markets gives you behind-the-scenes knowledge of the currencies and assets you will be trading.
You can buy cryptocurrencies with debit or credit cards on a simple and direct platform and manage everything in one place.
Guide to cryptocurrency exchanges and trading platforms
The best cryptocurrency exchanges and trading platforms are marketplaces where users can buy and sell various forms of cryptocurrencies, ranging from more popular options like Bitcoin and Ethereum to lesser-known names like Cardano and Polkadot.
You will have an account where you can create different types of buy and sell orders in the cryptocurrency market. Some solutions come with advanced trading features such as futures and margin trading. Others simply allow you to buy and sell different pairs of cryptocurrencies.
There are different types of crypto exchanges, which are often divided into two main categories. Centralized exchanges are run by a single entity and make it easy to convert fiat currencies such as US dollars into cryptocurrencies. On the other hand, decentralized exchanges share the responsibility for providing and validating different types of crypto exchanges.
What to look for on cryptocurrency exchanges and trading platforms?
There are several different concepts that you should be aware of when buying and selling cryptocurrency platforms. One of the first things you need to think about is the fees associated with trading on the platform, but you also need to consider:
safety
As cryptocurrencies become more valuable and popular, they are also becoming a big target for hackers. You will need to ensure that the exchange you choose has the proper encryption and other security standards in place to protect your money. You can also minimize risk by spreading your investment across multiple exchanges.
Availability of coins
There are many forms of cryptocurrencies on the market today. If you want to diversify your portfolio, it is better to choose a multi-currency market. You will usually be able to see the available currencies on the exchange website before you start investing.
trading volume
Liquidity is always an important part of trading success. The availability of coins will not help you if no one can buy and sell with you. Higher trading volume makes it easier to sell the coins you have when you want some extra fiat money back.
Means
A range of educational resources, market information, and guidance will be helpful, especially if you are new to cryptocurrencies. You can find a number of large platforms with their own learning environments, such as eToro.
exchange option
Exchanges are not always available in all countries or states. This should be taken into account when exploring options. First check if you can access the exchange.
extended capabilities
If you are a more advanced trader, you will most likely need access to features such as margin, futures trading, and staking.
How to choose the best cryptocurrency exchange
When it comes to choosing the best cryptocurrency exchanges and trading platforms, there is no one-size-fits-all solution. There are many options, and each has its pros and cons to consider.
Some of the best options:
wellcrypto.io: Wellcrypto.io is a cryptocurrency exchange website designed to help beginners and experienced traders and investors find the exchanges that are best for them.
Coinbase: Coinbase is the best cryptocurrency exchange with a wide range of cryptocurrency options and a set of tools for beginners and experienced users.
eToro: A great solution for beginners, eToro has great social trading features and copy trades so you can instantly find portfolios.
Binance: Binance is one of the most affordable options for trading cryptocurrencies. Binance offers extremely low fees and a wide range of assets.
Kraken: Kraken is ideal for experienced traders. Kraken is a secure platform with advanced features such as margin trading.
Robinhood: Robinhood is one of the easiest tools to use in the cryptocurrency trading space and is perfect if you are just starting out.
Remember, we would love to hear about your cryptocurrency trading experience. Share your experience with the above tools or tell us about your favorite cryptocurrency trading platform.
