Choosing the best crypto exchanges is a significant part of any journey through the crypto space. Below, you’ll find our list of the top five exchanges to buy and trade Bitcoin, Cardano, and hundreds of other altcoins. All of the exchanges are reputable and long-standing so you can safely choose any of them. However, it might be a better strategy to sign up (it’s free) for several of them to decide which one’s interface, available coins, and features fit you.
Without further ado, let’s go to our list and brief reviews of the best crypto exchanges.
Binance is the world’s biggest crypto exchange by daily volume—more than $24 billion (as of 25 March 2021, according to coinmarketcap.com). With more than three hundred cryptocurrencies available, Binance is great for buying and trading both Bitcoin and altcoins. On Binance, you can both exchange cryptocurrencies and buy crypto with a credit card. Binance supports USD, NZD, and more than 40 other fiat currencies. Also, Binance offers leverage trading (the leverage is up to 125x, which is extremely high). The exchange has its own native token, BNB.
Apart from exchange services, the Binance ecosystem includes Labs, a venture arm for blockchain projects; Launchpad, а platform for new tokens; and other elements that help the whole crypto industry grow.
Summing it up, Binance is one of the—if not the—best crypto exchanges. Their multiple trading options and advanced functionality are a perfect choice for high rollers. If you are planning to do altcoin trading on a large scale, Binance’s liquidity is irreplaceable. Perhaps the only drawback is that the interface may not be the easiest to understand for an entry-level user. Click here to create your Binance account.
Perhaps KuCoin is the closest Binance alternative. Overall, the fees and features are pretty similar. Though, the interface looks somewhat easier to understand; just a personal opinion. The exchange has its own native token, KCS. Even if you use Binance, there are reasons to have a KuCoin account as well—the different choice of cryptos and, of course, risk diversification.
If you’d like to read more about KuCoin, here’s a review and beginner’s guide into this exchange.
Changelly is a crypto exchange with a long history and good reputation. Changelly offers great customer support and an intuitive interface. Changelly charges a 0.5% fee, just don’t forget that apart from exchange fees, there are network transaction fees that depend on the crypto you trade. Also, note that trading fees for fiat currencies (USD, EUR, or GBP) may be higher.
If you’re planning to use a mobile phone for trading, here’s a Changelly mobile app review.
CoinEx is a well-known crypto-to-crypto exchange. Perhaps the best thing about CoinEx is its easy-to-understand interface. The exchange has its own native token, CET. There are quite a lot of negative reviews on the Internet regarding withdrawals but, in our experience, both deposits and withdrawals work as they should.
You may find this exchange interesting as some coins appear here earlier than on Binance. Here you can sign up for CoinEx.
Started in 2018, Bilaxy is relatively new compared to other exchanges on the list. Still, the volume is pretty high ($402 million). No problems with deposits or withdrawals were encountered. You might consider this exchange as some altcoins are available on this exchange sooner than on Binance or KuCoin.
Click here to create an account at Bilaxy.
This list is based on years of personal use, so we hope it was useful. If you found our article helpful, there is always a way to support the creation of new materials: