18 Best Crypto Exchange & Bitcoin Trading Platforms in 2021

In-depth reviews

Looking for the best crypto exchange services and CFD brokers on the market?

We’ve done the MINING for you, and listed the top 9 based on:

  • Ease of use
  • Value for money
  • Number of cryptocurrencies available

Read on for our expert reviews of the best in the business!

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Top 18 Crypto Exchanges for 2021

1. eToro

eToro is a fully regulated trading platform with over 15+ million users. It comes with a mobile cryptocurrency wallet where you can trade and transfer funds while allowing you to invest long-term in a portfolio of the most popular cryptocurrencies with no fees. Full Review

  • Award-Winning Social & Copy Trading (15+M user base)
  • Best For Beginners: Try Virtual $100K
  • 16 Cryptocurrencies & 94 Crypto Crosses Available

eToro is a fully regulated trading platform with over 15+ million users. It comes with a mobile cryptocurrency wallet where you can trade and transfer funds while allowing you to invest long-term in a portfolio of the most popular cryptocurrencies with no fees. Full Review

eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and cryptoassets. eToro offers over 14 cryptoassets to invest. By investing in their CryptoPortfolio, investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, copy or get copied by other users. All in all, it is an excellent P2P Bitcoin trading platform.

Payment Methods

Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, MoneyGram

Top Coins

ADA BTC XLM XRP LTC

2. Coinbase

Coinbase is a leading cryptocurrency exchange in the US. Apart from the large trading volume they also allow you to keep track of your currencies in one place, which are protected by insurance and stored in a digital vault. Full Review

  • $320B+ volume traded, 100+ countries, 35M users
  • Multiple Payment Methods, Transparent Fees
  • Secure, Insured, Fast, and Beginner Friendly

Coinbase is a leading cryptocurrency exchange in the US. Apart from the large trading volume they also allow you to keep track of your currencies in one place, which are protected by insurance and stored in a digital vault. Full Review

Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.

Payment Methods

Credit Card

Top Coins

BTC DOGE ADA LIBRA BNB

3. Coinmama

Coinmama is a global, fast, and easy to use service, which allows you to buy currencies 30 minutes after you sign up. They’re the first on the market to offer direct bitcoin purchases with debit or credit cards. Full Review

  • Direct seller With High Spending Limits
  • Fast Verification & Coin Delivery
  • 188+ countries, Trusted by 2.5M People

Coinmama is a global, fast, and easy to use service, which allows you to buy currencies 30 minutes after you sign up. They’re the first on the market to offer direct bitcoin purchases with debit or credit cards. Full Review

Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.

Payment Methods

Credit Card

Top Coins

BTC DOGE ADA LIBRA BNB

4. Binance

With almost 200 coins listed and a native token that’s one of the most popular cryptocurrencies around, Binance is one of the leading exchanges. Apart from basic and advanced, Binance also offers futures and margin trading. Full Review

  • Supports over 200 coins
  • Binance.us For The US Users
  • SEPA & Bank Transfers

With almost 200 coins listed and a native token that’s one of the most popular cryptocurrencies around, Binance is one of the leading exchanges. Apart from basic and advanced, Binance also offers futures and margin trading. Full Review

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Payment Methods

Cryptocurrencies

Top Coins

BTC BCH XLM DOGE ADA

5. CEX.io

CEX.io is one of the oldest bitcoin exchanges around. It’s fully regulated and registered. Its trading platform supplies all of the basic trading features, has decent liquidity, allows trading from several devices, and supplies you with advanced reporting. Full Review

  • 3M+ registered users
  • 99% of countries supported
  • Range of API solutions

CEX.io is one of the oldest bitcoin exchanges around. It’s fully regulated and registered. Its trading platform supplies all of the basic trading features, has decent liquidity, allows trading from several devices, and supplies you with advanced reporting. Full Review

Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.

Payment Methods

Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill

Top Coins

BTC ETH USDT DOGE BCH

6. Kraken

Kraken is a US-based exchange that offers trading in US dollars, Canadian dollars, Euros, British pounds, and Japanese yen. They pay special attention to their security with a track record of 0 breaches. Kraken also has an extensive list of crypto assets and covers over 70 of them. Full Review

  • Low fees
  • 6 different fiat currencies
  • 150+ cryptocurrencies

Kraken is a US-based exchange that offers trading in US dollars, Canadian dollars, Euros, British pounds, and Japanese yen. They pay special attention to their security with a track record of 0 breaches. Kraken also has an extensive list of crypto assets and covers over 70 of them. Full Review

7. Gemini

Gemini is a licensed crypto exchange that has broken into the top 20 exchanges in terms of bitcoin trading volume. They offer two trading platforms, one for beginners and another for advanced traders, both with 0 fees for funding and withdrawal. Full Review

  • User-friendly interface
  • 30 free withdrawals a month
  • 20+ supported currencies

Gemini is a licensed crypto exchange that has broken into the top 20 exchanges in terms of bitcoin trading volume. They offer two trading platforms, one for beginners and another for advanced traders, both with 0 fees for funding and withdrawal. Full Review

8. Paxful

Paxful is a peer to peer bitcoin finance platform, which is registered with FINCEN. It allows you to buy and sell bitcoin directly from other people. Utilizing 2-factor authentication and escrow service, their customers are ensured a safe trading environment. Full Review

  • 300+ payment methods
  • 3M+ registered users
  • Free crypto wallet

Paxful is a peer to peer bitcoin finance platform, which is registered with FINCEN. It allows you to buy and sell bitcoin directly from other people. Utilizing 2-factor authentication and escrow service, their customers are ensured a safe trading environment. Full Review

9. Changelly

Changelly is a non-custodial instant crypto exchange that doesn’t require a lot of personal information. It offers fast 5 to 30-minute transactions, a multi-currency wallet, and 50+ markets with competitive trading fees. They also come with 24/7 live chat support. Full Review

  • 150+ cryptocurrencies
  • 2M+ registered users
  • 0.5% exchange fees

Changelly is a non-custodial instant crypto exchange that doesn’t require a lot of personal information. It offers fast 5 to 30-minute transactions, a multi-currency wallet, and 50+ markets with competitive trading fees. They also come with 24/7 live chat support. Full Review

10. YoBit

When looking for the best altcoin exchange, it’s quite hard to find a platform with more potential trading pairs than YoBit. Due to the fact that it’s a platform that operates globally, YoBit is available in English, Russian, and Chinese language. Full Review

  • Multi-language support
  • The greatest number of active trading pairs
  • Daily volume of 8211 BTC

When looking for the best altcoin exchange, it’s quite hard to find a platform with more potential trading pairs than YoBit. Due to the fact that it’s a platform that operates globally, YoBit is available in English, Russian, and Chinese language. Full Review

11. Bitpanda

Those looking for the best place to buy bitcoin in the Eurozone don’t have to look further than Bitpanda. The company is based in Vienna, Austria, which means that it’s mindful of all EU regulations regarding cryptocurrency. Full Review

  • Cash-equivalent coupon codes with Bitpanda To Go
  • Bitpanda savings plan
  • Bitpanda swap

Those looking for the best place to buy bitcoin in the Eurozone don’t have to look further than Bitpanda. The company is based in Vienna, Austria, which means that it’s mindful of all EU regulations regarding cryptocurrency. Full Review

12. LonghornFX

As one of the newest platforms in the industry, LonghornFX focuses on transparency, openness, and innovation as its strongest traits. This is why so many see this company as one of the best bitcoin exchange brokers, even though it was founded in 2020. Full Review

  • Bitcoin deposits and withdrawals without fees
  • A potential for 500:1 leverage
  • 150 tradable assets

As one of the newest platforms in the industry, LonghornFX focuses on transparency, openness, and innovation as its strongest traits. This is why so many see this company as one of the best bitcoin exchange brokers, even though it was founded in 2020. Full Review

13. Mercatox

Mercatox is a unique and innovative cryptocurrency marketplace that is gaining more attention with each passing day. One of the biggest advantages of using Mercatox is its convenient loyalty and affiliate program, which allows leveraging a user’s social network. Full Review

  • Supports more than 100 cryptocurrencies
  • PayPal payment
  • Supports a number of countries

Mercatox is a unique and innovative cryptocurrency marketplace that is gaining more attention with each passing day. One of the biggest advantages of using Mercatox is its convenient loyalty and affiliate program, which allows leveraging a user’s social network. Full Review

14. Plus500

Users primarily interested in CFDs on cryptocurrency day trading might want to check out Plus500. Besides being supported in various regions, this platform also comes with highly competitive fees and a long list of available features. Risk warning: 76.4% of retail CFD accounts lose money. Full Review

  • Part of the FTSE 250 Index
  • Over 2000 financial CFD instruments
  • One of the most secure platforms

Users primarily interested in CFDs on cryptocurrency day trading might want to check out Plus500. Besides being supported in various regions, this platform also comes with highly competitive fees and a long list of available features. Risk warning: 76.4% of retail CFD accounts lose money. Full Review

15. Wirex

Wirex is an outstanding Bitcoin wallet, which gives its users a lot of flexibility on how and where they spend their cryptocurrencies. Instead of treating cryptocurrency just like assets, this crypto exchange method provides much greater liquidity for their users. Full Review

  • It is a VISA card
  • 50+ digital currencies
  • Available in over 130 countries

Wirex is an outstanding Bitcoin wallet, which gives its users a lot of flexibility on how and where they spend their cryptocurrencies. Instead of treating cryptocurrency just like assets, this crypto exchange method provides much greater liquidity for their users. Full Review

16. Luno

When using trading fees, and fees in general, as a metric, Luno will come on top in virtually any instance of bitcoin exchange comparison. Other than this, Luno can also boast of quick deposits and withdrawals, as well as great safety standards. Full Review

  • Lowest trading fees in the industry
  • Minimum instant sell purchase of $1
  • 2-factor authentication process

When using trading fees, and fees in general, as a metric, Luno will come on top in virtually any instance of bitcoin exchange comparison. Other than this, Luno can also boast of quick deposits and withdrawals, as well as great safety standards. Full Review

17. Bithoven

There are a lot of users who describe Bithoven as one of the best centralized crypto exchange options available. It is a platform with MetaTrader 5 market, more than 500 supported cryptocurrencies, and an available option for decent leverage trading. Full Review

  • MetaTrader 5 market
  • More than 500 cryptocurrencies
  • Up to 1:20 leverage

There are a lot of users who describe Bithoven as one of the best centralized crypto exchange options available. It is a platform with MetaTrader 5 market, more than 500 supported cryptocurrencies, and an available option for decent leverage trading. Full Review

18. YouHodler

YouHodler is one of the more unique crypto investing sites because it allows users to earn interest on deposited cryptocurrencies. The platform lends out the money to those looking for crypto loans, thus generating interest for the investor. YouHodler is a platform that functions as a crypto-fiat finance service that integrates all payment solutions.

  • Option to use cryptocurrency as a collateral
  • Multiple fiat payment methods available
  • Cryptocurrency savings account (with high yield)

YouHodler is one of the more unique crypto investing sites because it allows users to earn interest on deposited cryptocurrencies. The platform lends out the money to those looking for crypto loans, thus generating interest for the investor. YouHodler is a platform that functions as a crypto-fiat finance service that integrates all payment solutions.

Legal Disclaimer: Cryptocurrency Trading – availability subject to regulations.

Detailed Reviews

eToro
eToro

BEST FOR

no withdrawal limits

Visit Website
  • Number of cryptocurrencies: 17
  • Trading fee: 0.75%-5%
  • Accepts fiat: Yes
  • Wallet app: Yes

The technical side of eToro is quite convenient and intuitive. This attracts an unparalleled number of users, which turns it into one of the largest crypto exchanges on the market. Moreover, eToro is an incredibly versatile platform with 17 crypto assets to assist in one’s portfolio diversification.

How it Works

eToro is one of the best bitcoin exchange platforms because it provides its users with a $100,000 demo account for free. This means that the first-time user has the privilege of getting accustomed to the way this platform works before actually committing serious resources to it.

Things We Liked and Disliked

When it comes to eToro advantages, the biggest one worth mentioning is the fact that this fast crypto exchange has a large variety of assets. Other than this, it’s also worth mentioning that eToro is quite simple to use even for newcomers to this industry.

The downside of eToro is that it has relatively high trading fees compared to its competition. Also, with eToro, you can’t access the actual assets, seeing as how it has a custodian app. This is solved by going to the eToroX trading platform.

Security

When it comes to safety and security, eToro is amongst the most trusted bitcoin exchange platforms. All the funds are kept in tier-1 banks, and the personal information is protected by SSL encryption, which is something that anyone can check on their browser.

Pricing/Fees

When it comes to fees, the only fee that applies to crypto trading is the spread, and it ranges from 0.75% to 5%, depending on the cryptocurrency. Of course, there’s also the $5 withdrawal fee, but you don’t have to pay it until you actually decide to make the withdrawal. Opening the account is free of charge, there’s 0% commission on stocks, and there are no management fees. Also, there are no rollover fees or ticket fees.

Pros Cons
Multi-asset platform Limited coin support for wallet
0% commission on stocks
Free insurance
Crypto portfolio feature

Our Verdict

eToro is a simple and reliable platform for beginners to get started with cryptocurrency trading.

Coinbase
Coinbase

BEST FOR

safest crypto trading

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  • Number of cryptocurrencies: 30
  • Trading fee: 1.49-3.99%
  • Accepts fiat: Yes
  • Wallet app: Yes

Coinbase is practically synonymous with crypto trading. This California-based company has been in business for quite a while, thus developing a huge portfolio of supported currencies and payment methods. More than 13 million users can’t be wrong, after all.

How it Works

Coinbase is one of the many crypto exchanges that provides its own wallet if you prefer to store your cryptos first and convert them later. This provides a huge level of convenience, although for security reasons it’s not recommended to store all your crypto on an exchange.

To become one of the best crypto exchanges, a site also needs to buy and sell currencies in bulk, of course. Coinbase is among the best Bitcoin trading platform options since it supports dozens of currencies, and also can be used as a market analytics tool. Its cryptocurrency list contains hundreds of popular altcoins with real-time updates. Even though you won’t be able to buy them all through this site, it’s a handy tool for evaluating the current market.

Things We Liked & Disliked

Aside from the streamlined trading process, one of the big upsides of Coinbase is that it supports fiat currencies. In fact, it’s the best fiat-to-crypto exchange, with instant transactions and support for several currencies like USD, EUR, and GBP. You can use credit/debit cards, bank transfer, SEPA, and PayPal to get started on this coin exchange.

Looking to trade mostly in Bitcoin? There’s the Shift card, a Visa-branded card that allows you to spend Bitcoin from your Coinbase wallet on everyday shopping.

Even though this exchange lists hundreds of cryptocurrencies, it doesn’t always let your trade with them. At the time of writing, Dogecoin was unavailable for both purchasing and selling. This is quite surprising, really, considering how popular this “joke coin” is.

Security

It’s worth noting that this site is one of the rare centralized US crypto exchanges. While that means you can’t trade anonymously, it provides higher safety precautions in case there’s a hacker attack. Just 1% of all coins are kept in the wallet system and all of the assets are insured, so there’s almost zero risk when trading here.

Pricing/Fees

Coinbase has a very straightforward fee system. Although the fees here aren’t the lowest around, its exchange fees are fixed and the site is very clear about what is charged and how much.
For transactions under $200, the fee is 3.99%. Coinbase fees drop to 1.49% if you exchange more than $200. Mind you, this is charged per transaction and some payment methods incur higher fees.

Pros Cons
Many payment methods supported Not all cryptos are available for trading
Rewards for users
High security
Transparent fees

Our Verdict

Coinbase is one of the biggest and best crypto exchanges in the world – since it’s one of the most trustworthy. Although not decentralized, it still offers incredibly safe trading and even awards its users with free crypto coins just for reading articles. Instant trading is just the cherry on top.

Reasons to Use

Large number of support currencies, instant transfers, and rewards are the main reasons to sign up for this site.

Coinmama
Coinmama

BEST FOR

Beginner crypto traders

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  • Number of cryptocurrencies: 10
  • Trading fee: 5.5%
  • Accepts fiat: Yes
  • Wallet app: No

Trading cryptocurrency is often considered to be a complicated endeavor. For a lot of people, just buying crypto looks like black magic. If you too don’t know how to buy cryptocurrency but want to enter this exciting world, we highly suggest signing up with Coinmama, one of the best crypto exchange sites out there.

How it Works

Coinmama streamlines the Bitcoin trading process down to just a few easy steps everyone can follow. You just need to register for an account, verify it, and provide a wallet to which the cryptocurrency will be transferred once purchased. This site works as a broker, making it a direct buyer and seller instead of acting as a middle man between two users.

The user experience is definitely the highlight of this popular crypto exchange. On the home page you’ll find a handy currency converter, allowing you to quickly look up current rates before initiating an exchange. If any feature gives you trouble, there are a lot of answers available in the Help section. You can also turn to the site’s blog pages and friendly customer support staff.

Things We Liked & Disliked

Coinmama imposes certain limits on what and how much you can trade. For example, the site sells several cryptos but will only buy Bitcoin from users. Also, the minimum amount for any crypto purchase is $50, but when selling you need to sell at least $200 worth of Bitcoin.

While it is the best place to buy cryptocurrency, experience-wise, Coinmama isn’t the most affordable place. We’ll talk about fees later in our review.

Security

Coinmama is registered with the Financial Crimes Enforcement Network (FINCEN), an entity that runs investigations on fraudulent activity. You can, therefore, trade cryptocurrencies at peace knowing that, if anything goes awry, your money will be protected by law enforcement.

Pricing/Fees

Finally, let’s talk about fees. This is the only real downside to Coinmama. There is a flat 5% on every transaction involving a credit or debit card, but that’s not all. An average 5.5% is incurred on top of that for every crypto transaction. It might be one of the best exchanges to buy Bitcoin, but it’s not the most affordable one.

Pros Cons
Very easy to use High fees
Near-instant processing Only buys Bitcoin
Direct seller
Great customer support

Our Verdict

While Coinmama charges quite a lot to its customers, that money definitely doesn’t go to waste. This is an incredible platform for both buying and selling crypto, as well as learning all about blockchain technology and the benefits of a decentralized currency. For a beginner trader, there’s no better place than this site.

Reasons to Use

A streamlined buying and selling process makes this an enticing market for beginner crypto users.

Binance
Binance

BEST FOR

portfolio builders

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  • Number of cryptocurrencies: 100+
  • Trading fee: up to 0.1%
  • Accepts fiat: Yes
  • Wallet app: Yes

Looking for the best crypto exchange where you won’t need a credit card to get started? Are you an already experienced crypto user looking for even more currencies to invest in? Look no further. Binance is a massive Japan-based Bitcoin marketplace where you can speculate with more than a hundred popular cryptos.

How it Works

Originally based in China and founded through an ICO (initial coin offering), Binance quickly grew to fame mainly thanks to its large portfolio. Many consider it the largest Bitcoin broker for that same reason.
This is an exchange for experienced crypto users, and we don’t say that lightly. Binance can be quite overwhelming. Previously, users could only trade crypto-to-crypto, which meant there wasn’t an option to enter the market through this site.

Binance also has a mobile app – its API is freely available for coders to implement on other systems. On top of that, you can get a crypto-backed loan and join the mining pool. Again, this is strictly for experts.

Things We Liked & Disliked

Binance is the best place to exchange cryptocurrency thanks to its low fees and, as previously mentioned, large catalogue of supported currencies. There are no upper limits either, with $15 being the minimum transaction allowed. This platform is not limited to just trading, but also allows you to invest in coins like Ether and Litecoin. Analytics buffs will have a field day on this website just browsing all the different charts and graphs.

That said, it’s obvious this isn’t the website you’ll visit first if you’re just entering the world of crypto. It’s expected that you already know your way around the crowded cryptoverse and, honestly, the customer support on offer could be much better.

Security

This is probably the safest crypto exchange we’ve ever used. Not only can you add two-factor authentication (2FA) to your account right off the bat, but the company uses an industry-standard protection called CryptoCurrencySecurityStandard. This truly is a safe place to buy or sell cryptocurrency.

Pricing/Fees

What makes Binance one of the best Bitcoin trading platform choices? Fees are kept incredibly low. The site charges just a 0.1% fee on every trade and allows free deposits. Withdrawals incur an additional nominal fee based on the current value of the coins you own, and additional verification is required for buying more than 2 BTC.

Pros Cons
Large portfolio Not beginner-friendly
Very low fees
API and other tools available
Two-factor authorization

Our Verdict

With the best mobile crypto exchange app and some of the lowest fees around, Binance remains an industry leader for another year. This is a big platform that allows crypto users not just to trade coins, but also to speculate with them and further increase their savings. It’s not for the faint of heart, but it’s worth learning the ropes.

Reasons to Use

Want a big portfolio and have a lot of experience trading? Sign up for Binance.

CEX.io
CEX.io

BEST FOR

Traders on a budget

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  • Number of cryptocurrencies: 30
  • Trading fee: Up to 0.25%
  • Accepts fiat: Yes
  • Wallet app: Yes

While looking for the best crypto exchange platform, one name kept popping up. It’s CEX.io, a website well known for its portfolio and low fees. Based in the United Kingdom, this crypto trading site has been operational since 2013. It was actually developed from the first ever mining provider and today offers more than just simple trading.

How it Works

This is another website that vastly streamlines the Bitcoin trading process, but without sacrificing any advanced features experienced traders like to use. Besides BTC, the site supports dozens of cryptocurrencies and several big fiats. Whether you’re looking for the best Bitcoin exchange or a place to buy Litecoin with your euros, you’ve made the right call.

Credit/debit card users can enjoy the benefit of instant trading with some of the lowest fees around. You’ll want to verify your account if you plan to trade a lot. The basic account allows up to $100 in daily withdrawals. Once you verify your address, not only do your limits raise 100-fold, but you’ll also unlock the option for wire transfers.

Things We Liked & Disliked

CEX.io gets it right when it comes to user experience. The site’s layout is clean, everything is clearly marked, and it definitely is the best crypto exchange website design-wise. We really liked how low the fees were, even though calculating deposit/withdrawal fees takes a few moments. Trading really happens in an instant, so no complaints there.

What did bother us was the whole tiered system of membership to the website. Basically, if you do not verify every single part of your profile, you’ll be locked out of using certain payment methods and won’t be able to either deposit or withdraw large sums of money.

Security

The owners of CEX.io ensure users that there are quite a few safety precautions in place. The site has DDoS protection, all transmitted data is encrypted, and the currencies are kept in cold storage – pretty much what every top crypto exchange does these days.

Pricing/Fees

CEX.io doesn’t have high fees. Your exchange fee for any given transaction will be less than 1% and can even dwindle down to nothing if you trade a lot. On the other hand, there are further fees for both deposits and withdrawals. They vary depending on the currency and payment method. While they’re still not too high, they’re calculated in a strange way, so you’d better have your calculator with you.

Pros Cons
Instant trading Payment options locked behind tiered membership
Low fees Knowledge base could be better
Easy to use
Loans and stakes available

Our Verdict

Experienced crypto traders already know that this is the best crypto exchange place for them, especially if they plan to trade a lot and even dabble in cryptocurrency investments. That doesn’t mean CEX is for experts only. Its streamlined design makes it easy for everyone to take up crypto trading. It’s not always that smooth with the competition.

Reasons to Use

Whether you’ve just entered the world of crypto or you’re a seasoned investor, CEX.io provides you with fast and secure tools to make it big.

Gemini
Gemini

BEST FOR

blockchain security

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  • Number of cryptocurrencies: 47
  • Trading fee: $0.99 to 1.49%
  • Accepts fiat: Yes
  • Wallet app: Yes

Today, Gemini is renowned as perhaps the best bitcoin trading platform, but it took it a while to get here. It was founded in 2014 by Winklevoss twins, who already earned their reputation by ConnectU, an early social media platform many people see as a direct predecessor to Facebook.

How it Works

The way Gemini works is fairly simple. You need to start by funding your account directly from your bank account. Doing so via a credit card simply won’t work. There are maximum amounts both for funding ($15,000 monthly or $5,000 daily) and a $100,000 daily withdrawal limit.

Things We Liked and Disliked

Gemini is definitely a secure crypto trading platform, and this is probably one of its strongest selling points. Other than this, those trading in popular coins like Bitcoin, Ethereum, and Litecoin probably won’t find a more convenient place to trade.

Limited payment methods are a strong drawback, and so is limited international availability. For US traders, nonetheless, this platform has all it needs.

Security

When it comes to security, Gemini is widely regarded to be the best bitcoin exchange site. It abides by the security standards reserved for the very top of the industry, and it’s US-regulated.

Pricing/Fees

There is either a flat transaction fee that goes from $0.99 to $2.99. For all amounts larger than $200, the fee is at 1.49% of the order value. Also, for assets larger than $1 million, there’s a charge of 0.40%.

Pros Cons
Outstanding security measures Not as accessible for non-US citizens
Incredible mobile apps
Numerous trading features and options
A great number of supported currencies

Our Verdict

Gemini is perhaps the best place to buy cryptocurrency for beginner to advanced trainers. This versatility gives quite a bit.

Kraken
Kraken

BEST FOR

US-based users

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  • Number of cryptocurrencies: 50+
  • Trading fee: 0%-0.26%
  • Accepts fiat: Yes
  • Wallet app: Yes

While Kraken is US-based, there are many other countries where it’s recognized as the best place to buy cryptocurrency. The company is self-regulated in a way that makes it eligible in all jurisdictions that it operates in. This gives it both reliability and flexibility.

How it Works

Kraken is quite unique since it allows traders to exchange more than 50 cryptocurrencies in over 140 markets. These markets deal in six different major currencies and their trading pairs. These currencies are USD, EUR, CAD, JPY, GBP and CHF.

Things We Liked and Disliked

Kraken is quite versatile when it comes to available coins and acceptable currencies. Moreover, it has one of the best customer supports in the field. For those who are still on the fence, this can be an additional layer of reassurance.

Security

When looking for the safest cryptocurrency exchanges, Kraken will always be at the very top of the list. This is because it uses a system of offline wallets, also known as cold wallets. These wallets are so safe because they are physically isolated from any harmful entity.

Pricing/Fees

All Kraken fees are per-trade, apart from withdrawal fees and deposit fees. Regular fees range from 0% to 0.26%, depending on the traded volume and whether you’re buying or selling. To qualify for the lowest possible rates, the trader needs to trade more than $10,000,000 per month.

Pros Cons
Low trading fees Credit/debit card deposits are unavailable
Both cryptocurrency and fiat currency trading
Incredible security
High liquidity

Our Verdict

Those looking for legitimate bitcoin trading sites with an admirable record cannot go wrong with Kraken.

Changelly
Changelly

BEST FOR

large number of cryptocurrencies

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  • Number of cryptocurrencies: 150+
  • Trading fee: 0.5%
  • Accepts fiat: Yes
  • Wallet app: Yes

Changelly specializes in the expedience at which the users get to exchange their cryptocurrencies and fiat currencies. It is definitely amongst the top bitcoin exchanges both in terms that it offers and the popularity/number of users.

How it Works

Changelly offers you instant, simple, and relatively anonymous crypto to crypto exchange service. There are over 150 cryptocurrencies, but out of fiat currencies, only USD, GBP, and EUR are accepted.

Things We Liked and Disliked

Changelly’s outstanding customer support is what lists it amongst the best bitcoin trading sites. The availability of 24/7 available live chat can solve so many problems before they even appear. The fees are also quite competitive.

Transactions over 1BTC may take quite a while, while the majority of other transactions usually take no longer than 30 minutes. To some, this may be quite uncomfortable.

Security

The reason why Changelly is generally seen as a safe cryptocurrency exchange option is due to the fact that it holds no liquidity and doesn’t require a deposit of any kind. So, when it comes to bitcoin exchange for traders who are looking for a non-custodial exchange, Changelly is ideal.

Pricing/Fees

Changelly fees are quite competitive, at 0.5%. A percentage fee with smaller amounts can save you a small fortune, especially for those who make multiple smaller trades. The only downside is Changelly’s crypto-to-fiat currency fee of 5%.

Pros Cons
Unprecedentedly fast transactions High fees when first buying cryptocurrencies
An unparalleled number of accepted coins
Outstanding user support
Low fees

Our Verdict

For those who value expedience in cryptocurrency exchanges above all else, there’s no better place to go than Changelly.

Paxful
Paxful

BEST FOR

referral program and social trading

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  • Number of cryptocurrencies: 150+
  • Trading fee: 0.5%-1%
  • Accepts fiat: Yes
  • Wallet app: Yes

Paxful is deemed as many to be the best place to buy bitcoin. One of the crypto trading aspects that is often underestimated is the referral system. Paxful allows its users to benefit from referrals earned through blogging and social media following.

How it Works

Paxful is a simple enough platform to use. Wallet creation is free, and after making it, you get to choose your preferred payment method. Then, find available bitcoin sellers and place an order. Paxful also allows users to check out the seller’s profile.

Things We Liked and Disliked

The reason why so many users put trust in Paxful is due to the fact that it is a US-registered company and, therefore, subject to local law. People looking for crypto investing sites usually try to avoid scams, and this factor should keep Paxful in the clear.

The biggest downside lies in the fact that the exchange itself doesn’t provide leverage. In fact, this is one of the most common reasons why some potential Paxful users go elsewhere when looking for a place to buy, sell & trade cryptocurrencies.

Security

The biggest boost to the security of this platform stems from the fact that it uses advanced encryption in order to ensure the safety of user information. This alone would be enough to qualify it as the best crypto trading platform (or at least to earn it a high spot on the list).

Pricing/Fees

The seller on Paxful can look at a 1% fee unless they’re selling crypto via bank transfer, in which case the fee is 0.5%. It is definitely worth one’s while to shop around and see what the fees are elsewhere before committing to any platform.

Pros Cons
Numerous payment options The price is higher than on most exchanges
No fee for using the platform
Escrow security for funds
Anonymity when trading in Bitcoin

Our Verdict

Paxful is a secure and credible crypto exchange platform and may be suitable for bigger crypto trading volumes.

YoBit
YoBit

BEST FOR

number of altcoin exchange options

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  • Number of cryptocurrencies: 800+
  • Trading fee: 0.2%
  • Accepts fiat:
  • Wallet app: No

If the criterion for a platform’s quality is the number of available coins or a number of available trading pairs, YoBit would definitely be the best crypto trading platform on the market. Some believe that if the altcoin is not on YoBit, it might not really exist.

How it Works

YoBit excels in fast transactions that are simple, precise, and clean. The entire process is designed to be mouse-motion streamlined, which gives even a first-time trader an unparalleled amount of control. The interface may seem a bit odd, but it’s quite intuitive.

Things We Liked and Disliked

YoBit is versatile, reliable, and incredibly fast. Namely, it can initiate withdrawals in a matter of an hour. Sure, larger deposits may take considerably longer, but it’s still far below the industry average.
The biggest downside of YoBit is the fact that it has no crypto trading app of its own. For a platform of such industry renown, this is simply unacceptable.

Security

Like the majority of the industry leaders, YoBit protects their users with a recommended two-factor authorization, SSL encryption, and unique Yobicodes. This creates an enclosed and secured system.

Pricing/Fees

Generally speaking, YoBit trading fees are quite competitive, at 0.2%. On the other hand, withdrawal and deposit fees can be somewhat higher, up to 2% for deposits and 7% for withdrawals, depending on the method and the currency used.

Pros Cons
Available in multiple languages It has no mobile trading app
Huge daily trade volume
Various transfer types
Low fees compared to some of its competitors

Our Verdict

Those who are primarily interested in the number of altcoins and its speed are definitely welcome to Yobit. It is often described as the best instant cryptocurrency exchange.

Bitpanda
Bitpanda

BEST FOR

Eurozone users

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  • Number of cryptocurrencies: 45+
  • Trading fee: 1.49%
  • Accepts fiat: Yes
  • Wallet app: Yes

One of the reasons Bitpanda will get a spot in most crypto exchange reviews is its simplicity and efficiency. For the majority of users from the European Union, this should be a go-to crypto exchange platform.

How it Works

The process is quite simple and secure. It starts with a sign-up and verification process. As soon as the account is verified, you will be able to start selling and buying digital assets. The platform secures numerous fiat currencies, which makes it all the easier.

Things We Liked and Disliked

One of the biggest Bitpanda advantages is its easy-to-use interface. Other than this, the platform has outstanding customer support. When combined, these two features make it into an incredible bitcoin trading software.
The downside is the fact that those who live outside of the EU may be unable to verify their accounts. In other words, the platform itself is quite region-specific.

Security

When it comes to Bitpanda account security, it’s vital to mention that there are a number of methods used to ensure it. Spot checks, cold storage, reCAPTCHA, and SSL are just some of them.

Pricing/Fees

The Bitpanda trading fee is somewhat high, at 1.49%. However, there’s also a matter of transparency to consider since a user knows exactly what kind of fees they’re dealing with. Fiat deposit fees may vary depending on the card used. This is crucial for those who consider purchasing cryptocurrency with a credit card.

Pros Cons
A great number of payment options Regionally restricted
Beginner-friendly platform
Competitive fees
Outstanding security

Our Verdict

Bitpanda excels as one of the top online brokers for bitcoin trading with many different potential payment options.

LonghornFX
LonghornFX

BEST FOR

leverage trading

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  • Number of cryptocurrencies: 35+
  • Trading fee: $6 for micro-lots and percentage on a full lot
  • Accepts fiat: Yes
  • Wallet app: Yes

A LonghornFX platform is an outstanding place for margin trading, seeing as how it provides some incredible leverage options. The fact that it also supports 35 cryptocurrency pairs and 55 currency pairs, as well as 64 stocks, makes it even more formidable in this respect.

How it Works

When looking for professional crypto trading platforms, LonghornFX may fulfill all your criteria. It is a regulated broker with numerous deposit options and bonus terms that LonghornFX users can easily exploit to their benefit.

Things We Liked and Disliked

One of the greatest perks of this platform is the fact that it doesn’t ask for more than a $10 deposit to get started. It also offers a free demo, which is how the trader can get familiar with the platform before they actually get started on it.

The downside is a lack of unique features that some of their competitors have in offer. Therefore, traders with an interest in a specific feature may want to do their homework before committing to LonghornFX.

Security

As a digital assets trading platform, LonghornFX is in the top-tear of the industry when it comes to overall safety. They use secure offline vaults to ensure the safety of assets.

Pricing/Fees

Depending on the size of the lot traded, the fee can be either flat $6/£6/€6 for a micro-lot or a percentage of a full lot. There’s also a flat withdrawal fee of 0.0005 BTC. Similar fee systems are standard for numerous platforms for buying and selling cryptocurrency.

Pros Cons
It brags with more than 150 tradable assets It is still quite unregulated
Only $10 minimum deposit
Quick crypto funding
Free demo account

Our Verdict

This platform is mostly aimed at intermediate traders, seeing how it provides various options and features.

Mercatox
Mercatox

BEST FOR

worldwide availability

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  • Number of cryptocurrencies: 100+
  • Trading fee: 0.25%
  • Accepts fiat: Yes
  • Wallet app: Yes

Some of its users see Mercatox as the best global cryptocurrency exchange because the service is supported in many different countries around the globe. Since it also supports more than 100 cryptocurrencies, it has more than enough versatility for its users.

How it Works

Like some other exchanges on the market, Mercatox offers options of both unverified and verified accounts. The trading figures for verified accounts are, naturally, quite different. In other words, the crypto trading volume is a major factor.

Things We Liked and Disliked

A lot of users see the Mercatox Trading view as one of the key advantages of this platform. Still, some see this as subjective. Also, low fees and active loyalty programs are significant advantages.
Sadly, amidst the COVID-19 pandemic, the volume of trade on this exchange platform has dropped quite sharply.

Security

According to some of the latest surveys, Mercatox scores close to the industry averages. While it may not be the best cryptocurrency exchange app when it comes to security, it isn’t that far off, either.

Pricing/Fees

The platform itself has a trading fee of 0.25%. However, it also has withdrawal fees that depend on the cryptocurrency. Either way, it is a factor that should be included in potential calculations.

Pros Cons
Easy account creation Not FCA regulated in the UK
Low exchange fees
Demo trading account availability
Support for many different regions

Our Verdict

Mercatox is a versatile trading platform that has something to offer to newcomers and veterans alike.

Plus500
Plus500

BEST FOR

high number of financial instruments

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  • Number of cryptocurrencies: 8
  • Customer support: 24/7
  • Accepts fiat: Yes
  • Wallet app: No

Plus500 is a CFD provider and offers cryptocurrency CFD trading (availability subject to regulations). When compared to competitors, two things come to mind: First, all trading instruments on Plus500 are leveraged. Second, it is available in 50 countries, 30 languages, and has 24/7 available customer support.

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How it Works

To start trading with Plus500, all you need to do is log into your account and search for instruments from the Trade tab. For more details, check out the Plus500 trading guide. Plus500 offers CFD trading on BTC and ETH, two of the most famous cryptocurrencies. This makes the platform a competitor to every top bitcoin trading platform.

Things We Liked and Disliked

When looking for a multi-asset platform, one doesn’t have to look further than Plus500. This is especially true for those who see leverage trading as their primary point of interest.
The biggest downside of this platform is that it doesn’t accept US traders. For them, it would make more sense to look for US-based crypto exchanges instead.

Security

As far as security goes, the broker is regulated, and the platform is protected by SSL.

Plus500CY Ltd is authorized and regulated by the FCA (FRN 509909), CySEC (#250/14), and Seychelles Financial Services Authority (Licence No. SD039).

Plus500 also holds the following licenses: AFSL #417727 (issued by ASIC), FSP No. 486026 (issued by the FMA), Authorised Financial Services Provider #47546 (issued by the FSCA), License No. CMS100648-1 (issued by the Monetary Authority of Singapore) and a license to operate a trading platform in Israel.

All in all, it is a secure CFD broker for crypto trading.

Pricing/Fees

Plus500 is definitely a platform for active traders, seeing as how it charges both inactivity fees and overnight fees. There are some other fees as well. You can find more information about the fees here. When it comes to trading fees, Plus500 is quite competitive.

Pros Cons
Easy to use interface Lack of permission for the US
Availability in over 50 countries
Efficient stop-loss orders

Our Verdict

The platform is very convenient for CFD experienced traders.

Wirex
Wirex

BEST FOR

paying with crypto assets

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  • Number of cryptocurrencies: 50+
  • Trading fee: up to 1%
  • Accepts fiat: Yes
  • Wallet app: Yes

Wirex is an outstanding crypto debit card and earns the title of a crypto platform with the lowest fees for the majority of trade types. Aside from this, it is a card that provides its users with a number of rewards and benefits like referral rewards.

How it Works

On Wirex, you can add funds from your external accounts and then just complete the transaction within the Wirex card. Needless to say, this is probably the simplest way of purchasing cryptocurrency with a credit card out there.

Things We Liked and Disliked

The biggest advantage worth mentioning here is the fact that Wirex is a Visa card. This means that you can spend your crypto wherever VISA is accepted (which is virtually everywhere).
On the other hand, when discussing the best crypto exchange on Reddit, there were a lot of complaints regarding the platform’s customer support.

Security

When it comes to Wirex security, it is PCI DSS Level 1-certified, which gives it more than enough credibility. There is also a 2-Factor authentication in place to additionally protect its users.

Pricing/Fees

When talking about pricing fees, since this is a card, it’s worth mentioning both Fiat exchange services and ATM charges. Most importantly, there are no internal transfer fees between Wirex users. This makes it a convenient P2P bitcoin trading platform.

Pros Cons
It is a VISA card Less than stellar customer support
Decent spending account limits
No Wirex user-to-Wirex user fee
50+ digital currencies

Our Verdict

This platform is probably best for those who want to pay with their cryptocurrency everywhere where a VISA card is accepted.

Bithoven
Bithoven

BEST FOR

an incredible number of cryptocurrencies

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  • Number of cryptocurrencies: 500+
  • Trading fee: 0.20%
  • Accepts fiat: No
  • Wallet app: No

Bithoven is definitely on the list of the lowest-fee crypto exchange options, and, as such, it is already of massive interest to a wide variety of users. It also provides new users with a demo account, which makes it quite beginner-friendly.

How it Works

One of the biggest caveats regarding Bithoven deposit methods is the fact that it doesn’t accept fiat currency deposits. This means that you have to deposit cryptocurrency directly. Therefore, new cryptocurrency investors can’t really start here and should look for the best platform for fiat-to-crypto purchases instead.

Things We Liked and Disliked

The number of supported coins is more than admirable, and the ability to trade with leverage might attract a lot of users to this platform. Also, a high level of security provided by a MetaTrader 5 market is another hidden perk.
The biggest drawback of this platform is its lack of fiat-to-crypto payment options. In other words, if you were looking for a place where you can use USD-to-crypto trading options, you need to look elsewhere.

Security

On the majority of independent online tests, Bithoven scores well above average. Nonetheless, this is more than expected from a MetaTrader 5 market platform. Needless to say, this is enough for it to qualify as one of the best digital currency platform options out there.

Pricing/Fees

When talking about Bithoven fees, it’s important to mention that trading fees of 0.20% go way below the industry average of 0.25%. The withdrawal fee varies by currency and ranges from $2.5 to over $30.

Pros Cons
MetaTrader 5 market platform Doesn’t accept Fiat currency deposits
No deposit fees
More than 500 coins available
100 free DOGE coins for demo

Our Verdict

An overall great place to trade in cryptocurrency, with a solid demo account.

Luno
Luno

BEST FOR

low trading fees

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  • Number of cryptocurrencies: 5
  • Trading fee: Up to 0.1%
  • Accepts fiat: Yes
  • Wallet app: Yes

When looking at transfer fees, Luno definitely sounds like the best app to buy cryptocurrency. Other than this, Luno tries its best to keep up with all its competitors. While its community may not be as big as some others in the field, it’s quite helpful and supporting.

How it Works

The biggest advantage of this platform is its incredibly low trading fee. For those who spend more than $350,000 per month on this platform, it can go as low as 0.03%. The best thing is that the total tradable amount is calculated at the end of the month, which means that you can achieve it through as many trades as you like.

Things We Liked and Disliked

When looking for a platform that allows you to trade with low fees simply and directly, you cannot go wrong with Luno. The fact that it’s listed amongst crypto platforms with the best exchange rates already speaks volumes.

Although the transactions are supposed to be quite quick, the payments may not always reflect immediately after the deposit is made. This may be a reason for concern when it comes to some users.

Security

This secure crypto trading platform has a 2-factor authentication process. In order to keep one’s assets safe, after the sign-in, a user is kept in the level 0 verification. From here, they cannot access assets without proceeding further.

Pricing/Fees

The fees on this platform might just be its strongest selling point. Namely, the maker’s fee is non-existent, and the taker’s fee is only 0.1% for amounts below $350,000. For higher figures, it can be anywhere between 0.09% to a record-low 0.03%.

Pros Cons
Fees as low as 0.03% Transactions are not as quick
Major currencies and cryptocurrencies available
Easy sign-up
2-factor authentication

Our Verdict

From a financial standpoint (fees, minimal deposit, etc.), this platform looks quite impressive when compared to the majority of types of crypto exchanges.

SpendMeNot’s Methodology

When we set out to find the best crypto exchange, we devised a unique methodology to help us along the way.
Wondering how we do it? Here’s a quick rundown.

Our first step was to explore the market. We did a search for all the biggest and best-known sites that offer crypto trading. Then we checked the legitimacy of each and every one to identify the best Bitcoin trading platform. We didn’t want our money to end up in someone else’s pockets.

Once we got our initial list, we went through crypto exchange reviews and each website to learn more about these companies. Any negative review that pointed to specific problems helped us filter our list.

Then we analyzed the features of each remaining site. The most important factors for us were the number of cryptocurrencies, what payment methods are supported, and of course how easy it is to navigate through the site and make trades. User experience can really set two sites apart.

Since we’re talking about money and trading cryptocurrencies, the next important bit of information concerns exchange fees. Nobody wants to lose money due to a bad exchange rate or unnecessary fees.

To pinpoint what’s really the best cryptocurrency exchange, we also took note of any extra features like proprietary wallet, mobile trading app, or advanced features for experienced traders.

All that research led to us creating a list of the best of the best platforms for trading cryptocurrency.

Go through our list to find the best place to purchase Bitcoin or an up-and-coming altcoin, and where to make trades and even earn some money in the process.

All of your transactions and private data will be kept safe and sound.

How to Choose the Best Cryptocurrency Exchange

Finding the perfect trading platform for your needs involves answering several pretty simple questions. After all, we’re all different and look for different things, but there are several factors that you should take into account when signing up for these websites.

What types of exchange are there?

An exchange can be centralized or decentralized. The former option is more common, as these sites are usually run by a single entity that buys and sells coins. Meanwhile, a decentralized exchange is a fully automated system that connects users who buy or sell, making it a peer-to-peer trading process. Ethereum’s blockchain is most often used as a basis for the best decentralized crypto exchange. It’s also the safest, albeit slower, option.

What about exchange rates?

Like any other exchange place, the places that offer crypto trading also try to make a profit by having the exchange rate more favorable for them. Be sure to check the difference for the buy and sell amounts and compare them across several exchanges. Not everyone runs by the same rates in this business.

How are withdrawals handled?

You should look for any limits on daily or weekly withdrawals, as well as the processing time. Most of the time there is a hard limit on the amount you can withdraw at any one time, and certain payment methods are processed much more slowly than others.

What do reviews say?

If you think you just found the best cryptocurrency trading platform, take a few minutes of your time to verify its legitimacy by reading up on user reviews. Most of the time, any issues that may arise have already been encountered by other users who will warn you. Or you might end up lucky and spot the best site on your first try. Whatever the case, it’s always a good thing to do some basic research.

To Wrap Things Up

By now, you’ve probably chosen the best Bitcoin trading platform for your needs and created your very own crypto wallet. The cryptocurrency world is changing by the minute and all of these sites are constantly evolving. But rest assured that if you sign up for the best crypto coin exchange, you can trust it with your coins or tokens for a long time. The platforms are well into their maturity, and the bad apples have long been discarded. It’s just a matter of nuance at this point.

FAQ

Which crypto exchange has the lowest fees?

Binance currently has the lowest fees on crypto trading. The platform charges just a 0.1% fee on each transaction, which is considerably lower than the competition. The next best thing would be CEX.io, where fees go up to 0.25%.

What is the best cryptocurrency exchange for beginners?

Many consider Coinmama to be the first stop for anyone who has just entered the exciting world of cryptocurrencies. The site is well-organized, contains a detailed knowledge base, and doesn’t overwhelm users with crypto lingo right off the bat. It also has one of the best customer support teams in the industry.

How do I choose a crypto exchange?

The safest choice is to go with a well-known exchange, one that offers a lot of currencies, and is transparent with all of its fees and payment timeframes. When looking for the best Bitcoin trading platform, make sure it offers 2FA and other security tools.

 

What is the best crypto exchange in Australia?

There are a lot of great sites where Australians can trade cryptocurrency, but our pick is Coinbase. Currently, it is one of the top 10 sites on the market, with incredibly fast processing and support for several dozen currencies. Another popular site among Aussies is Binance, an exchange that offers even lower fees than Coinbase but is a bit more complicated to use. If you’re already an experienced trader, both of these sites will suit your needs.