Crypto copy trading platforms.
A major drawcard for Coinbase is the entry-level exchange for crypto that has been designed for beginners with its simple user experience. The overall experience is quick and easy to monitor a crypto portfolio and track live prices.
For those that want to create an account with Coinbase, the onboarding process is simple. Once signed up, users will soon realize it is undoubtedly one of the best ways to buy Bitcoin and 224 other cryptocurrencies due to its modern and simple design. There is a variety of payment methods for different fiat currencies such as USD, GBP, EUR, and AUD. Funds can be allocated to a trading account using a credit and debit card but the fees are quite reasonable at 2% for most regions. A major benefit of using Coinbase is that funds stored online are covered by an insurance policy.
The centralized crypto exchange offers an advanced and professional trading platform called Coinbase Pro, which is ideal for retail investors and cryptocurrency traders. There are 224 cryptocurrencies that can be traded against several fiat currencies. The availability of crypto pairs is quite limited compared to other crypto exchanges in this list. However, Coinbase has deep liquidity in its major pairs such as BTC/USD and ETH/USD, and is second only to Binance. This makes Coinbase a great option for beginners and also advanced traders.
A negative with Coinbase is the fees which start from 0.5% per transaction and gradually reduce with higher trading volumes. There are additional payment fees such as USD 10 and USD 25 for deposits and withdrawals using a wire transfer. Moreover, the fees on Coinbase Pro are 0.6% for makers and 0.4% for makers. The fees on Coinbase are reasonable for higher amounts, however, for smaller investors and first-time crypto buyers, Coinbase is not the cheapest crypto exchange.
3. Bybit - Best Crypto Exchange For Margin Traders.
Bybit is a global derivatives platform that is designed for a seamless experience to buy and trade digital coins like Bitcoin, Ethereum, EOS, and XRP trading pairs with up to 100x leverage. Established in March 2018, Bybit has become one of the best crypto margin exchanges with more than 3 million users worldwide. A smart, intuitive, and advanced crypto platform, along with a fast trade speed and reliable exchange are a few of the many reasons Bybit is a contender for the best trading platform for margin traders.
https://bybit.com.
HedgewithCrypto Score.
Trading Fees: 0.06% / 0.01% (leverage), 0.1% (spot)
Country: Global (USA not allowed)
Currency: Crypto only.
Promotion: Deposit bonus up to $30,000.
Ease of use.
Reputation.
Deposit methods.
Visit Bybit Read our full Bybit Review.
Bybit allows users to buy and sell 317 cryptocurrencies using Bitcoin or USDT as the base currency. There is a fiat-to-crypto onramp that supports direct payments in USD, EUR, GBP, AUD, CAD, and AED, however, the payment methods and supported currencies are limited. Therefore, Bybit is best for existing crypto holders to swap for crypto-to-crypto or trade with high leverage.
Bybit fees for spot trading start at 0.1% and decrease with higher trading volumes for the month which is similar to Binance. For perpetual and futures trading, crypto copy trading platforms the transaction incurs 0.01% and 0.06% for maker and taker fees, respectively. In short, the fees are very competitive and offer good value for money for crypto investors.
Overall, Bybit has an easy-to-use platform for spot and leverage trading with low fees and excellent liquidity. The charting platform and Bybit app for placing traders are superior when compared to rival crypto exchanges.
4. Kraken - Best Crypto Exchange For USA Traders.
Kraken is a cryptocurrency exchange that was founded in 2011 and is licensed within the United States. The exchange has over 9 million customers worldwide across 190 countries . Moreover, Kraken is a trusted crypto exchange that is registered with FinCEN, FinTRAC, AUSTRAC, Financial Conduct Authority (FCA), and FSA. This means Kraken is allowed to operate as a cryptocurrency exchange in several countries including the USA, Canada, Australia, UK, and Japan.
https://kraken.com.
HedgewithCrypto Score.
Trading Fees: 0.16% / 0.26%
Country: Global (USA Allowed)
Currency: USD, GBP, EUR, CAD, CHF, JPY & AUD.
Promotion: None available at this time.
Ease of use.
Reputation.
Deposit methods.
Visit Kraken Read our full Kraken Review.
Kraken is a professional trading platform for astute investors to buy Ethereum, Bitcoin, and other digital currencies. Touted as one of the most reliable crypto exchanges for serious crypto traders, Kraken has deep liquidity across its markets. There are over 160 crypto-assets that can be bought, traded, and sold on the exchange, with new coins regularly added.
There is a basic user interface for beginners to purchase crypto directly using fiat currencies such as USD, GBP, EUR, and AUD. There are plenty of deposit methods for users in different countries to open an account for as little as $10. Examples of payment options include bank transfer, SEPA, wire transfer, SWIFT, and debit cards.
Buying and selling crypto on Kraken.
For advanced traders, the exchange is equipped with advanced tools and automated portfolio monitoring. While basic in appearance, Kraken's exchange is reliable, stable, and has a good selection of conditional orders such as Market, Limit, Stop loss, Take profit, Stop loss limit and Take profit limit.
The user interface is very basic and does not include a visually-appealing interface compared to other feature-rich crypto exchanges such as Coinbase, Gemini, and eToro. However, Kraken is a solid option for experienced crypto buyers and sellers.
Kraken uses a maker and taker system with spot trading fees of 0.16% and 0.26% respectively. There are volume incentives based on trading activity in the past 30 days for all cryptocurrency pairs. Users are incentivized to engage with the market with lower trading fees to provide liquidity to the exchange by filling the order book by placing conditional and limit orders (i.e. maker, fees).
Overall, the low trading fees on Kraken's spot exchange are well-suited for USA residents. The selection of assets is reasonable and has competitive fees, although Kraken is not really suited for beginners that are looking for a fast and simple exchange. Moreover, margin trading for USA customers is restricted to certain individuals only that meet certain criteria.
5. eToro - Best Crypto Platform For Copy-Traders.
eToro is a global financial brokerage that was established in 2007 to provide financial trading and investing platform. It caters to several markets including crypto, ETFs, stocks, indices, commodities, and forex. The platform is available in over 100 countries worldwide and has become a trusted and reliable financial services provider.
eToro is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA) of the United Kingdom.
https://etoro.com.
HedgewithCrypto Score.
Trading Fees: 1%
Country: Global (USA allowed)
Currency: USD, GBP, EUR, AUD.
Promotion: None available at this time.
Ease of use.
Reputation.
Deposit methods.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."
Read our full eToro Review.
There are 60+ cryptocurrencies to choose from that are paired with US Dollars. The broker is suited for beginners that want to invest in different cryptocurrencies using a powerful and user-friendly platform. Similar to Coinbase, the ease of use and visual portfolio manager separates eToro from its competitors and is geared towards crypto enthusiasts, beginners, and serious investors alike. There is even a crypto demo platform that is ideal for newer traders to become familiar with the platform and markets.
Disclaimer: eToro USA LLC. Investments are subject to market risk.
Getting started with eToro is straightforward and can be funded using a bank transfer or wire transfer with as little as USD $10. The platform offers an intuitive trading interface that includes real-time crypto market research & news, advanced trading features, and risk management tools, and a social network feed.
The most popular feature on eToro is the social community. eToro boasts the best copy trading crypto platform where traders can join and connect with other traders to share ideas and strategies. There is even the option to mirror the trading performance of profitable traders which makes eToro a unique option in this best crypto exchange list. There is a minimum deposit amount of $200 to start copying other traders which is an inexpensive way to learn from the best crypto investors. To limit potential losses, there is the option to set a stop loss level.
Disclaimer: Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Beyond buying and selling crypto, eToro has a crypto staking service for individuals to get the most out of their crypto investments. Some of the most popular staking coins are supported for staking like Cardano (ADA), Tron (TRX) and Ethereum 2.0 (ETH2.0). Users can automatically earn up to 90% of the staking rewards depending on their account level and one of the best crypto staking platforms to choose from.
As for the fees, eToro charges a flat 1% fee for buying and selling cryptocurrency . This fee is in addition to the spread which can vary for each of the supported crypto-assets. In comparison to other crypto exchanges, the eToro fee is a little higher compared to Binance and Coinbase but makes this list of the best crypto exchanges due to its ease of use and social trading.
6. KuCoin - Best Crypto Exchange For Bot Trading.
KuCoin is an established exchange for trading crypto and is often referred to as The People's Exchange' due to its popularity. At the time of writing, the exchange has a daily trading volume in excess of $3.8 billion. KuCoin has surged to become a premium platform to exchange cryptocurrencies with over 20 million registered users from 200+ countries such as South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, and India.
https://kucoin.com.
HedgewithCrypto Score.
Trading Fees: 0.1%
Country: Global (USA not allowed)
Currency: USD, GBP, EUR, CNY & 46 others.
Promotion: Up to 500 USDT in bonuses.
Ease of use.
Reputation.
Deposit methods.
Visit KuCoin Read our full KuCoin Review.
The exchange supports users from all over the world and accepts 46 fiat currencies such as USD, AUD, GBP, EUR, and CNY. According to CoinMarketCap.com, KuCoin exchange is one of the best altcoin exchanges based on traffic, liquidity, and overall high volume traded on its spot market.
A massive benefit of buying and trading crypto with KuCoin is the massive selection of markets and trading pairs available for crypto traders. There are currently 741 supported coins and 1,363 trading pairs to speculate on across several markets that include spot, margin, derivatives, and leveraged tokens to name a few.
KuCoin grid trading and bots.
In addition, KuCoin is one of the few centralized crypto exchanges that feature in-built automated trading strategies and bots. Users can select hundreds of trading robots that automate some of the best crypto trading bot strategies such as spot grid, smart rebalance, dollar-cost-averaging, and infinity grid. The performance of actual accounts using the bots is shown across each trading pair.
A negative with KuCoin is the crypto exchange is not supported in the United States. This means residents in the USA will not be able to access the products and services offered by KuCoin. For those in other regions, KuCoin is a great trading platform to speculate on crypto pairs across a variety of markets.
7. Crypto.com - Best For Cryptocurrency Exchange App.
With over 50 million customers worldwide, Crypto.com is a premium cryptocurrency exchange that is supported in 49 states in the US. The crypto exchange provides a powerful alternative to traditional financial services, making it easier for everyone to start investing in crypto. Crypto.com is known for its unified platform to buy, sell, trade, store, earn, loan cash and spend crypto using a debit card. This makes Crypto.com one of the best crypto apps for monitoring trades or a portfolio 24/7.
https://crypto.com.
HedgewithCrypto Score.
Trading Fees: None (3.5% surcharge for credit card)
Country: Global (USA Allowed)
Currency: USD, trade one crypto for another EUR, GBP, AUD and 16 others.
Promotion: None available at this time.
Ease of use.
Reputation.
Deposit methods.
Visit Crypto.com Read our full Crypto.com Review.
Crypto.com is one of the most popular ways for buying and selling over 250 cryptos at true cost. That is trade crypto with zero fees. Moreover, the exchange can be used in over 100 countries worldwide using 20+ fiat currencies. There is a wide range of payment methods to fund an account which includes bank transfers and credit/debit cards which have 0% fees at the time of writing. The Crypto.com app is highly visual and easy to use which makes it suitable for all crypto investors to access, manage, and view funds at any time. Moreover, there is even an in-built crypto tax software to help with reporting to the IRS.
Buy crypto at true cost with Crypto.com App.
Crypto.com is highly regarded as one of the best places to earn interest on crypto to grow a portfolio with minimal effort. It offers up to 5% P.A on Bitcoin, Ethereum (6%), and 8.5% on stablecoins such as Tether and USD Coin. There are over 40 cryptocurrencies available to earn crypto interest with rewards paid weekly directly into the user's wallet.
There is also a professional exchange for traders to swap between crypto-coins or stake to earn rewards. Through its own native digital token coin (CRO), Crypto.com can provide deep liquidity and competitive trading fees for its users to enjoy on its dedicated exchange. The fees on Crypto.com Exchange are quite reasonable compared to other notable crypto exchanges. For example, individuals can buy Shiba Inu with transaction fees starting from 0.4% for market and limit orders. The fee can be reduced by staking CRO tokens between 5% and 60% off.
While the Crypto.com Exchange is sophisticated and includes the best charting and software tools, the fees are a little higher compared to industry rates. Therefore, it is best to stick to the Crypto.com App to buy crypto directly with fiat, or use another trading platform such as Binance or FTX that has lower fees.
Best Cryptocurrency Exchanges Compared.
This comparison guide provides an overview of the best cryptocurrency exchanges to buy, trade and sell digital currencies. Our assessment is based on thorough research into the platform's features, trading pairs, payment options, supported currencies, trading fees, customer support and security methods.
Binance.
Coinbase.
Bybit.
Kraken.
eToro.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."
KuCoin.
Crypto.com.
How To Pick A Crypto Exchange.
When looking for the best way to buy crypto, it is important to access the following criteria to help the decision-making process. Several factors should be considered such as availability, compliance with regulation, ease of use, supported assets, funding methods, fees, security, and customer support.
Available in multiple countries.
The larger cryptocurrency exchanges are available worldwide and offer their services to several jurisdictions. However, there are country-specific exchanges that only offer their services to a specific country. There are advantages and disadvantages of using an international exchange versus a local exchange. For example, country-specific exchanges will provide multiple payment methods, and in the local currency. Whereas a global exchange will engage a 3rd party which can incur higher fees. To help, we have compiled a list of the best exchanges within specific countries to help you compare and choose the right option:
Best crypto exchanges in Canada Best crypto exchanges in the UK Best crypto exchanges in Australia Best crypto exchanges in New Zealand Best crypto exchanges in South Africa Best crypto exchanges in Singapore.
Trusted and regulated exchange.
Crypto exchanges are not supported in certain countries due to regulations. Therefore the individuals should check the exchange to see which countries are accepted and whether they are licensed by the financial authorities within the country. For instance, the United States enforces one of the world's highest standards of financial laws and regulations that govern. Therefore, global crypto exchanges that are licensed in the USA are a good bet.
Easy to use.
An important consideration for beginners that have limited experience using an exchange, broker, or trading platform. New investors looking to convert fiat currency to cryptocurrencies are better suited to using a simple and quick user interface on a desktop or a mobile app. Centralized exchanges typically are better suited for first-time crypto investors compared to decentralized exchanges.
Good selection of crypto assets.
Bitcoin is widely available on the vast majority of digital currency platforms. However, there are thousands of cryptocurrencies that have become popular for their use-case or speculative nature. Investors that are looking to diversify into other coins should pick crypto exchanges with a large number of supported coins and trading pairs. Some of the best crypto exchanges with a large number of coins include Binance and KuCoin.
Variety of payment methods.
The availability of supported payment methods to fund an account should be at the forefront of new investors in the USA. Our rating checks the deposit methods available for residents in the USA using USD. For example, one of the quickest and most accessible deposit options is using a bank transfer via a US bank account. Alternative methods for US customers include buying crypto with a credit card and debit card.
Withdraw cash to bank account.
Not all cryptocurrency exchanges allow the withdrawal of USD to a bank account. This is an important feature for investors that will eventually cash out of their investment. Regulated crypto exchanges based in the USA will allow selling Bitcoin to USD.
Competitive fees.
There are several different fee structures to be aware of when using crypto exchanges. There are fees to deposit USD, withdraw cash or crypto and trade between assets. Crypto exchanges also charge a spread fee which is often a 'hidden cost' and not fully disclosed. Moreover, there can be crypto withdrawal fees to transfer to a personal wallet.
High security measures and proof-of-reserves.
The risk of online scams, fraud and theft is a major concern in the blockchain community. Crypto exchanges should have common security measures including cold wallet storage, multi-signature withdrawal process and two-factor authentication (2FA). Moreover, the exchange should disclose full transparency and make public their proof of reserve of customer cold wallets.
Responsive customer support.
Check the website to find out what communication methods are available to support users that need troubleshooting advice or assistance on the exchange. Some crypto exchanges will provide comprehensive FAQ's and How-To-Guides which are useful for beginners. 24/7 customer service desk via live chat with a real person is the best form of support.
Types of Cryptocurrency Exchanges.
There are different types of cryptocurrency exchanges to choose from. The best-suited exchange depends on the user's level of experience in investing and trading financial markets. We have outlined the basic types below for each category of investor:
Fiat-to-crypto exchange. First-time investors and beginners that are looking to make their first purchase in a digital coin will need to use a fiat-to-cryptocurrency exchange. These types of websites will accept multiple fiat currencies such as the USD, EUR, GBP, AUD and NZD in exchange for digital assets such as Bitcoin and Ethereum. Crypto trading exchange. Once a purchase has been made, the crypto can be sent to a crypto-to-crypto exchange for trading cryptocurrencies. The most popular trading crypto exchanges in the US are Coinbase and Binance which are available around the world in several countries. These places offer charting features and tools such as technical indicators, drawing tools and chart patterns to analyze price action and identify trading opportunities. Margin and derivatives crypto exchanges. There are also cryptocurrency exchanges that offer futures and derivatives trading. These crypto exchanges require a thorough understanding of leverage trading and sound risk management principles are required. Crypto assets can be traded with leverage up to 100x and are best suited for experienced investors only. Crypto CFD and brokers. Online brokers provide an alternate way for investors to buy cryptocurrency and index funds. While CFD platforms do not offer the actual cryptocurrency assets to purchase, they allow traders to speculate on the direction of the price using margin in certain regions. This means investors can buy or short-sell cryptocurrencies. Decentralized crypto exchanges. Commonly referred to as crypto DEXs, these platforms enable the buying and selling of crypto assets directly between buyers and sellers. There is no middle man involved and allows trading at a lower price point, with more payment methods and earning methods. However, they are traditionally more complex to use and not ideal for beginners. Peer-to-Peer crypto platforms. These websites allow buyers and sellers to exchange crypto without the intervention of a trusted third party. Other features of a P2P include rapid KYC, a wide selection of payment methods and escrow service. For a list of the best crypto P2P platforms, read this comparison article.
Where To Store Cryptocurrency.
Storing cryptocurrency on a US cryptocurrency trading exchange can be risky. The security of the asset is left to the exchange and can be vulnerable to hacks and theft with multiple exchange hacks occurring each year. This means it is not possible for hackers to steal Bitcoin unless they have access to private keys. Even if the cold storage wallet is damaged, lost or stolen, the funds can be accessed using a variety of backup options such as using a recovery phrase.
Hardware wallets provide an airlock between internet-connected devices and access to the asset. The private keys which give the right to access the cryptocurrency (send, transfer and receive) are stored in the wallet as opposed to a trading exchange. Other types of wallets include mobile apps and desktop wallets which are more convenient to use but do not have the same high level of security. To find out which wallet is best to use, read our comparison of the best crypto wallets based on our reviews.
Frequently Asked Questions.
What are the best crypto exchanges?
The best crypto exchanges are those that have stood the test of time and are well-known for ease of use and high security. Examples of standout exchanges include Binance, Coinbase and Kraken which have been established for many years and trusted by millions of users around the world.
Are Crypto Exchanges Safe?
There are still incidents of cryptocurrency exchanges being hacked resulted in the theft of funds. It is not 100% safe to store crypto assets on an exchange , regardless of the security measures in place. The largest cryptocurrency exchanges do have bank-like security features in place to keep the risk extremely low, however the best place to store Bitcoin and crypto is within your own custody using a cold storage wallet.
Is It Legal To Buy Cryptocurrency In The US?
Like most countries in the world, the USA Government does not consider Bitcoin or crypto illegal, meaning it can be bought and sold on exchanges if proper anti-fraud measures are adhered to. While the US Treasury Department's Financial Crimes Enforcement Network (FINCEN) have stated that is it legal to purchase Bitcoins, it's status as money or a commodity differs across states within the USA. Customers will need to check the legal status of crypto within their respective state before investing.
How Do I Get Cryptocurrency In The US?
The best way for individuals to get cryptocurrency in the United States is to use licensed crypto exchanges that are regulated in the U.S state of the customer's residence. Using an exchange that is regulated by local authorities reduces the risk of fraudulent activity as the platform must adhere to strict requirements imposed by the Government.
Is Crypto Taxed?
Trading and holding Bitcoin and cryptocurrencies are taxable assets under the US Federal laws. Any sale of cryptocurrencies is considered a capital gains event and the profit or loss must be declared as part of an individual or company tax return. Taxable actions include digital assets bought, traded and sold on exchanges, mined, used to pay for things and earned through crypto interest savings accounts.
Conclusion.
To conclude our article on the best crypto exchanges, it is recommended to stick with a well-established, reputable, and trusted exchange. In particular, finding crypto exchange platforms with low fees, excellent security, a wide range of supported assets and responsive customer services are important considerations.
You might also be interested in.
Updated Jan 7th, 2023.
Best P2P Crypto Exchange 2023: Reviewed and Compared.
Looking for a reliable and safe P2P crypto exchange? This article will review and compare the best options based on fees, security and more.
Updated Dec 30th, 2022.
Best No KYC Crypto Exchanges In 2023: Reviewed & Compared.
Looking to buy crypto anonymously? We have reviewed the best no KYC crypto exchanges based on their features, fees and withdrawal limits.
Updated Dec 30th, 2022.
7 Best Crypto Swap Sites For 2023 (Fast, Safe & Secure)
Looking for a way to safely and instantly swap crypto to another coin? In this article, we compare the top crypto swap platforms.
Updated Dec 31st, 2022.
7 Best Crypto Portfolio Trackers For 2023.
Finding it hard to keep track of your crypto assets? We review the best crypto portfolio trackers and apps to manage a portfolio in one location.
Updated Jan 7th, 2023.
Best P2P Crypto Exchange 2023: Reviewed and Compared.
Looking for a reliable and safe P2P crypto exchange? This article will review and compare the best options based on fees, security and more.
Updated Dec 30th, 2022.
Best No KYC Crypto Exchanges In 2023: Reviewed & Compared.
Looking to buy crypto anonymously? We have reviewed the best no KYC crypto exchanges based on their features, fees and withdrawal limits.
Updated Dec 30th, 2022.
7 Best Crypto Swap Sites For 2023 (Fast, Safe & Secure)
Looking for a way to safely and instantly swap crypto to another coin? In this article, we compare the top crypto swap platforms.
Updated Dec 31st, 2022.
7 Best Crypto Portfolio Trackers For 2023.
Finding it hard to keep track of your crypto assets? We review the best crypto portfolio trackers and apps to manage a portfolio in one location.
Updated Jan 7th, 2023.
Best P2P Crypto Exchange 2023: Reviewed and Compared.
Looking for a reliable and safe P2P crypto exchange? This article will review and compare the best options based on fees, security and more.
Updated Dec 30th, 2022.
Best No KYC Crypto Exchanges In 2023: Reviewed & Compared.
Looking to buy crypto anonymously? We have reviewed the best no KYC crypto exchanges based on their features, fees and withdrawal limits.
Kevin Groves.
Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.