Best Cryptocurrency Exchanges & Trading Platforms of 2024

When rating the best cryptocurrency exchanges, the tgdratings.com team took into account the following parameters of platforms: reliability, security and reputation, verification requirements, trading volumes, number of trading pairs, available markets and trading instruments, availability of fiat trading pairs, depositing and withdrawal methods, fees and limits, tools for additional earning, as well as other specific services and tools. ‌Additionally, the team paid attention to ease of use of the desktop and mobile versions of the crypto exchange and its trading terminal.
1
Place in the rating
24h trading volume
Pairs
Trust score
$4,714,102,539
1255
10
2
Place in the rating
24h trading volume
Pairs
Trust score
$2,455,742,899
592
10
3
Place in the rating
24h trading volume
Pairs
Trust score
$1,266,086,748
564
10

    The Best Cryptocurrency Exchanges In 2024

    The most popular platforms for buying and selling cryptocurrencies are cryptocurrency exchanges. Due to the large number of possible options, it can be difficult for a user to decide which crypto exchange to choose. In addition, there may be significant differences: verification requirements, the number of supported currencies, trading conditions (fees, limits), available tools for trading and passive income, etc.

    So here is a list of the best crypto exchanges according to the editors of tgdratings.com:

    • Best cryptocurrency exchange: Binance;
    • Best crypto exchange for beginners: OKX;
    • Best P2P exchange: Kucoin;
    • Crypto exchange with the best mobile app: Gate;
    • The most secure cryptocurrency exchange: Crypto.com;
    • The best exchange for trading altcoins: MEXC;
    • Crypto exchange with the lowest fees: Bybit;
    • Best exchange for Bitcoin trading: WhiteBit;
    • Best cryptocurrency exchange for English speakers: Binance;
    • Best DEX Exchange: Uniswap.

    TOP 10 crypto exchanges in 2024

    The TOP 10 cryptocurrency exchanges include the best platforms that provide clients with reliable funds protection, high trading volumes and a large number of trading pairs, low fees, the ability to trade on various markets (spot, derivatives, p2p, etc.), and various investment tools.

    1. Binance

    Address: http://www.binance.com

    Binance Home
    Binance homepage

    Analytical services like Coingecko and Coinmarketcap define Binance as the largest crypto exchange in the world in terms of daily trading volume. In addition to the cryptocurrency trading platform, the Binance ecosystem includes native BNB token, BUSD stablecoin, Trust Wallet cryptocurrency wallet, Binance Card service, NFT platform and much more.

    • Foundation year: 2017;
    • Founder: Changpeng Zhao;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin, derivatives markets, P2P platform.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.1% / 0.1%;
    Basic fees for option trading (maker/taker) 0.02% / 0.02%;
    Basic fees. USDⓈ-M futures (maker/taker) 0.02% / 0.04%;
    Basic fees. COIN-M futures (maker/taker) 0.01% / 0.05%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.001 BTC. For USDT – 2 USDT.
    Reputation of a reliable platform;
    Exchange #1 in terms of trading volume;
    Trading pairs with fiat (USD, EUR and others);
    Many ways to deposit/withdraw funds;
    Low trading fees and discounts when using BNB to pay fees;
    Many additional opportunities for earning: dual-currency investments, staking, investments in promising projects, etc.;
    One of the best security systems in the industry.
    Mandatory verification.

    2. OKX

    Address: http://www.okx.com

    OKX Home Page
    OKX homepage
    Read also: OKX detailed review.

    OKX (ex-OKEX) is an exchange that regularly pops up in the TOP 10 cryptocurrency platforms in terms of trading volumes. Its main advantages: 300+ digital assets for trading, own cryptocurrency wallet, access to the spot, margin (trading leverage up to x10) and derivatives markets, DeFi applications earning service.

    • Foundation year: 2017;
    • Founder: Star Xu. CEO: Jay Hao;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin, derivatives markets, P2P platform.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.08% / 0.1%;
    0% / 0.07% in pairs with USDC;
    Basic fees for option trading (maker/taker) 0.02% / 0.03%;
    Basic fees for futures (maker/taker) 0.02% / 0.05%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.002 BTC. For USDT – 2 USDT.
    Simple verification;
    Low trading fees;
    Built-in trading bots you can work with directly from the terminal;
    A large number of services for additional income: deposits and loans, staking, bi-currency investments, etc.
    Mandatory verification.

    3. Bybit

    Address: https://www.bybit.com/

    Bybit Home Page
    Bybit homepage

    Bybit is also a platform from TOP 10 of the best crypto exchanges. The main advantages of the exchange: focus on derivatives trading (USDT, USDC contracts, futures, options), copy trading, low fees and bonuses for users.

    • Foundation year: 2018;
    • Founder: Ben Zhou;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin and derivatives markets, P2P platform.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.1% / 0.1%;
    Basic fees for futures (maker/taker) 0.01% / 0.06%;
    Basic fees for option trading (maker/taker) 0.03% / 0.03%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.002 BTC.
    Optional verification (there are restrictions on available services);
    Low trading fees;
    Huge selection of futures contracts for trading (up to x100 leverage);
    Services for additional income: liquidity mining, dual-currency investments, lunchpad, etc.
    Few cryptocurrencies to trade in comparison with competitors.

    4. Gate

    Address: https://www.gate.io/

    Gate Home
    Gate homepage

    Gate is one of exchanges with a huge number of cryptocurrencies traded (more than 1000 coins). The platform actively develops an automated trading service and offers unique trading tools (for example, various types of options, ETFs and structured products).

    • Foundation year: 2013;
    • Founder: Lee Han;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin, futures markets, P2P service.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.2% / 0.2%;
    Basic fees for futures (maker/taker) 0.015% / 0.05%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.002 BTC.
    Unique trading instruments: CBBC, ETF, structured products and different types of options;
    Trading pairs with fiat (USD);
    Services for additional income: copy trading, loans, deposits, cloud mining, staking, bi-currency investments, etc.
    Fees are higher than those of competitors.

    5. Crypto.com

    Address: https://crypto.com/

    Crypto.com Home Page
    Crypto.com homepage

    Crypto.com is considered one of the most secure cryptocurrency exchanges in the world: it has 6 certificates confirming its safety. The platform also features one of the lowest fees for spot trading – 0.075% for all types of users. In addition, the exchange issues metal cards with various bonuses and limits (depending on the user’s level).

    • Year of foundation: 2016;
    • Founders: Bobby Bao, Gary Ohr, Chris Marszalek, Rafael Melo;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin, futures markets.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.075% / 0.075%;
    Basic fees for futures (maker/taker) 0.017% / 0.034%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.001 BTC.
    6 platform security validation certificates;
    Some of the lowest fees for spot trading: 0.075% per trade versus an average of 0.1%;
    Trading pairs with fiat (USD);
    Metal Visa/Mastercard cards with up to 5% cashback and bonuses in various services. A small number of tools for additional earnings: only staking and NFT service are available.
    Mandatory verification;
    Leverages for margin and futures trading are lower than ones of competitors (x20 vs x100 in average);
    Not available in almost а half of the countries of the world;
    A small number of tools for additional earnings: only staking and NFT service are available.

    6. MEXC

    Address: https://www.mexc.com/

    Crypto.com Home Page
    MEXC homepage
    Read also: MEXC review.

    MEXC is a crypto exchange with support for 1000+ cryptocurrencies. The platform actively develops futures and margin trading services (leverages on MEXC reach x200), as well as specific trading instruments (for example, ETFs with leverage and ETF indices).

    • Foundation year: 2018;
    • Founder: Ratan Chadha;
    • Reserves: not confirmed;
    • Available trading instruments: spot, margin, futures markets, P2P service.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.0% / 0.2%;
    Basic fees for futures (maker/taker) 0.0% / 0.06%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.002 BTC.
    US, Australian and Estonian trade licenses;
    Optional verification;
    No fees for makers;
    Unique trading instruments, such as ETF indices;
    A large number of tools for additional income: airdrops of coins for native MX token holders, staking, pool mining, etc.
    Fees for takers are higher than those of competitors;
    No fiat trading pairs.

    7. WhiteBit

    Address: https://whitebit.com/

    Whitebit Home Page
    Whitebit homepage
    Read also: Whitebit review.

    WhiteBit is one of the most popular cryptocurrency exchanges in Eastern Europe. The exchange has a modest functionality: basic features of the spot, margin and futures market are available. The site is considered a safe platform and is included in the TOP-3 of the safest cryptocurrency exchanges in the world (according to Hacken research). In addition to the trading platform, its own WBT cryptocurrency and DEX platform.

    • Foundation year: 2018;
    • Founder: Vladimir Nosov;
    • Reserves: not confirmed;
    • Available trading instruments: spot, margin, futures markets, P2P service.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.1% / 0.1%;
    Basic fees for futures (maker/taker) 0.1% / 0.1%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.001 BTC.
    Optional verification;
    Trading pairs with fiat;
    Discounts on fees when paying with WTB tokens;
    Embedded DEX exchange powered by Ethereum and Tron protocols.
    High fees for margin trading.

    8. Huobi

    Address: https://www.huobi.com/

    Huobi Home
    Huobi homepage
    Read also: Detailed Huobi review.

    Huobi is a TOP-10 exchange in terms of trading volumes per day, specializing in derivatives trading. A rather modest list of additional services and tools is offset by the possibility to trade a vast variety of futures and options, including the exchange’s own development – ETP (a tool similar to classic ETFs, but for futures). Huobi Token (HT) native token holders are eligible for commission discounts.

    • Foundation year: 2013;
    • Founder: Leon Lee;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin, futures and options markets, P2P service.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.2% / 0.2%;
    Basic fees for option trading (maker/taker) 0.002% / 0.005% (BTC);
    0.0005% / 0.00125% (ETH);
    Basic fees. USDⓈ-M futures (maker/taker) 0.02% / 0.05%;
    Basic fees. COIN-M futures (maker/taker) 0.02% / 0.05%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.002 BTC.
    Optional verification;
    FSA license in Japan;
    Trading pairs with fiat;
    Developed derivatives trading service – leverage up to x200;
    A unique trading instrument – ETP;
    Additional services for earning: trading robots, staking, airdrop service CandyDrop, etc.
    Fees on the spot are higher than those of competitors.

    9. Bitget

    Address: https://www.bitget.com/

    Bitget Home Page
    Bitget homepage

    Bitget is a major Singapore based crypto exchange. It offers a developed derivatives service, focusing on automated trading (the exchange provides a specialized section with guidance and tools for developing strategies) and copy trading.

    • Foundation year: 2018;
    • Founders: Not public. As of 2022, Gracie Chen is the Executive Director;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin, futures markets, P2P service;
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.1% / 0.1%;
    Basic fees for futures (maker/taker) 0.02% / 0.06%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.001 BTC.
    Optional verification;
    Additional discounts on fees when using the native BGB token;
    Copy trading service;
    Leverage for margin trading and derivatives up to x125.
    No fiat trading pairs;
    Few tools for additional earnings.

    10. Kucoin

    Address: https://www.kucoin.com/

    Kucoin home page
    Kucoin homepage

    Kucoin is an exchange that supports trading of many rare altcoins. In addition to a large number of available coins, the platform supports margin, spot and futures trading, trading robots, additional income services (such as staking and mining in the cloud and pools). The Kucoin ecosystem also includes the internal KCS token and its own cryptocurrency wallet.

    • Foundation year: 2017;
    • Founders: Michael Gun and Eric Don. The current CEO is Johnny Lu;
    • Reserves: confirmed;
    • Available trading instruments: spot, margin, futures markets, P2P service.
    Fees types Fees rates
    Basic fees on spot (maker/taker) 0.1% / 0.1%;
    Basic fees for futures (maker/taker) 0.02% / 0.06%;
    Minimаl withdrawal amount Depends on the coin. For BTC – 0.001 BTC.
    Optional verification;
    Low fees on spot and futures;
    Fees discounts when using the native KCS token;
    Convenient P2P service with access to rare altcoins;
    Tools for additional income: loans, NFT service, staking and mining;
    Trading pairs with fiat (BRL).
    Low trading volumes compared to other top exchanges.

    Types of cryptocurrency exchanges

    All existing crypto exchanges are divided into several types: centralized (CEX), decentralized (DEX) and hybrid (HEX). Let’s analyze each type in more detail.

    Centralized

    Huobi homepage
    Huobi homepage

    Centralized crypto exchanges (or CEX) are platforms similar in organization to traditional exchanges. Among their features it is important to note: a user-friendly interface, regulator licenses, the speed of orders execution, high liquidity and trading volumes. The most important feature of CEX is that users trust their funds to the exchange, which organizes the conditions for trading, and the platform itself belongs to a third party company.

    The most popular CEX exchanges are: Binance, OKX, Bybit.

    Decentralized

    PancakeSwap homepage
    PancakeSwap homepage

    Decentralized exchanges (or DEX) differ from CEX in a certain way: users’ funds remain with the users, and the DEX platform acts only as an intermediary between the buyer and the seller.

    Most DEX exchanges are characterized by low trading volume (compared to CEX exchanges), low liquidity, slow transaction speeds, and primitive user interfaces. The advantages include: anonymity, security of users’ funds, less interest from hackers.

    Sometimes DEX platforms are launched by centralized exchanges as separate platforms. Such services include, for example, Binance DEX (it is often referred to as hybrid exchanges).

    The most famous DEX exchanges are Uniswap and PancakeSwap.

    Hybrid

    Nash.io homepage
    Nash.io homepage

    Hybrid cryptocurrency exchanges (or HEX) may include the benefits of CEX and DEX. They are characterized by high transaction speed and security at the level of centralized exchanges. Hybrid exchanges are not yet very common – this is a new generation of trading services. Best hybrid currently working exchange is Nash.io.

    How to choose a cryptocurrency exchange

    To choose a cryptocurrency exchange, you should study a large amount of information. The main indicators that you should pay special attention to are: trading volume, regulation and security, reputation, fees and limits, ways to buy cryptocurrencies, quantity of trading pairs, available markets, tools for additional income and the quality of work of support service.

    Trading volume

    Trading volume shows how much cryptocurrency was sold and bought on the exchange for a certain period of time. Information on trading volume is collected by the exchange itself and is often displayed on the main page of the official website.

    A more convenient way to study trading volume is through aggregator sites, for example, coingecko.com. Such services provide the most complete and up-to-date information on trading volumes for each exchange.

    Security and regulation

    There are security certificates that exchanges receive from various regulatory organizations or audit companies. Some exchangers hire white hat hackers to look for vulnerabilities.

    In addition to certificates, the degree of security of the exchange can also be indicated by the absence of hacks for a long time, the methods used to protect users’ accounts, places of storing users’ assets, and the confirmed availability of insurance funds.

    Reputation

    You can learn about the current reputation of any platform from the news of specialized cryptocurrency portals, for example, coindesk.com. Reputation-affecting news includes: measures taken by the platform to solve user problems, the company’s behavior in the market, the quality of work of managers and technical support specialists, and much more.

    Fees and limits

    Both of these indicators directly affect the income of users. Exchanges set different fees for trading in different types of markets, for example, there are often different fees for spot and futures trading.

    The platform may charge other fees: for depositing and withdrawing funds, for maintaining margin, etc.

    Limits can be set by exchanges for withdrawal and deposit of funds, daily trading volume, etc. Most often, restrictions are removed after the user passes the KYC verification.

    All information about fees, as a rule, is located on a specialized page of the exchange (it usually calls Fees). Limits are displayed on the same page or in the Limits section.

    Payment methods

    The main methods of payment for the purchase of cryptocurrency include:

    • Purchase with credit/debit cards;
    • Payment from an exchange deposit (you will first need to replenish the deposit with cryptocurrency or fiat);
    • Payment using payment systems such as Paypal;
    • Direct bank transfers.

    Number of trading pairs

    Each crypto exchange itself determines the number of trading pairs that it is ready to support. The most popular pairs can be found on any cryptocurrency exchange. If the coin is new, then at first it will be more difficult to find it on exchanges. The MEXC and Gate exchanges are considered the most loyal to new cryptocurrencies.

    It is worth paying attention to the fact that trading pairs with young cryptocurrencies are a rather risky instrument, suitable mainly for professionals.

    Markets and trading instruments

    The main markets on cryptocurrency exchanges are: spot, margin (almost always featured separately), futures and P2P (essentially spot, but with its own rules). As additional markets, exchanges can support: options, NFTs, ETFs, CBSS and other instruments, which require sufficiently deep knowledge and understanding of the principles of their structure to work with.

    Different types of futures that are supported by exchanges can be attributed to a separate type of instruments. You can find deliverable, settlement, direct, inverse, denominated in crypto and fiat and other types of futures.

    You should choose markets and tools depending on your own needs. Beginners are advised to trade on the spot market not using leverage or on demo accounts.

    Products

    Products category summarize various tools for additional income. For example, staking and mining are available on almost every cryptocurrency exchange. Landing, minting, liquidity mining / in pools / in the cloud, NFT services and other tools are less common.

    When studying these tools, it is important to read and / or watch educational materials of the exchange, as well as the conditions for working with them. It often happens that a familiar tool is hidden under a strange name, but it can work according to specific rules on a particular exchange (this is especially true for structured products, like Gate.io provides).

    Support

    Bad support service can make life very difficult for an exchange user. You can check the work of support by contacting them with any question and evaluating the quality and speed of response.

    For more information about support see public users’ reviews on services like trustpilot.com. High-quality support works with negative reviews and promptly processes all customer requests.

    Mobile App

    For users trading from a smartphone or a tablet, it will be important to know how the exchange’s mobile application works. Today, each platform from our rating has an application supporting Android and iOS.

    It is important to evaluate the availability of all services of the desktop version of the exchange in a mobile application and the usability of the interface.

    Anonymity and privacy on cryptocurrency exchanges

    Anonymity and privacy will depend on the type of exchange one uses. It is believed that the level of anonymity on CEX exchanges is the lowest due to the need to go through KYC identification procedures (sometimes also ALM identification procedures against money laundering). However, the privacy of user’s data is ensured by the legal obligations of such exchanges (especially if they have trading licenses).

    Sacrificing anonymity users gain reliability
    Sacrificing anonymity, users gain reliability

    As in any centralized system, KYC and ALM procedures deanonymize the user. On the other hand, it gives an opportunity to provide a higher level of protection for users’ data.

    When using DEX exchanges, the entire responsibility for the correctness of the transaction lies with the user: such exchanges, as a rule, do not have a support service. It is for this reason that they are recommended for advanced users.

    FAQ

    What is cryptocurrency exchange?
    Cryptocurrency exchange is a trading platform, where you can buy or sell cryptocurrencies. Cryptocurrency exchange may be of different types: centralized (OKX, Bybit), decentralized (Uniswap) and hybrid (Nash). The types of exchanges differ in available markets, trading and additional tools for making extra income, fees, the approach to user identification and in a lot of other parameters.
    How many cryptocurrency exchanges are there?
    There are about 400 cryptocurrency exchanges all over the world. The exact number of exchanges is unknown.
    Which exchanges have the lowest fees?
    Following the exchanges with the lowest fees is quite difficult. The industry average trade commission is about 0.2%. To start trading, we recommend choosing OKX, Binance or Bybit – their fees are the lowest in the industry.
    Which exchanges are the most secure?
    Сrypto.com is considered the safest exchange (6 certificates confirming the security of the platform). There are some exchanges with a high level of security in the list below: Bybit, Binance, OKX, MEXC.
    Which exchanges support fiat?
    Purchasing cryptocurrency with fiat is supported by most crypto exchanges. However, not all exchanges allow you to have a deposit in fiat currency and not every exchange (even if fiat deposits are supported) has trading pairs with fiat currency as one of the traded. Among the exchanges that support fiat/crypto and crypto/fiat trading pairs are Binance, Bybit, Huobi.
    What exchanges are there without verification?
    Verification is increasingly becoming a requirement to access the full functionality of exchanges. The main part of DEX exchnages have no mandatory verification. Among centralized exchanges from the top, for example, OKX and MEXC allows you to trade and withdraw up to 10 BTC/day when registering by mail/phone number only.
    What exchanges are there in English?
    English is supported by all exchanges from the top.
    Which crypto exchange is good for beginners?
    It’s recommended for beginners on the crypto market to choose a platform among the most reliable ones. It could be a well known and regulated exchange with a high trading volume numbers, for instance: Binance, OKX or Gate.
    What is the biggest crypto exchange?
    According to information on coingecko.сom Binance is the biggest crypto exchange. Coingecko determines the biggest platform calculating trading value (clean and normalized) and a number of visits to the exchange in the last 24 hours.
    What should you look at when choosing a cryptocurrency exchange?
    There is a pretty long list of what features you can research before choosing an exchange to trade, but if to summarize the mains it`s important to look at:

    • The number of the currencies supported;
    • Reliability of the exchange (you may dig up some info out of reviews and tops);
    • Trading fees;
    • Withdrawal and top up limits, fees and other options;
    • Availability of trading instruments you need;
    • Need of KYC.

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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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