One of the first steps to getting started with crypto is choosing the right exchange!
In this guide, we’ll discuss key factors to consider when choosing a crypto exchange and break down some popular platforms based on their unique features.
Key Factors to Consider When Choosing a Crypto Exchange:
1. Security
2. Region and KYC Accessibility
3. Coin Options
4. User Experience
5. Advanced Features
6. Trading Fees
The Best Crypto Exchanges for Your Needs
Make sure to always calculate your trades before placing them on any of these exchanges. Use Trade Clac Pro’s Crypto Profit Calculator for planning your trades before execution, this will help you make informed decisions and avoid unnecessary risks.
NOTE: If you’re a complete beginner and need help in getting started with crypto trading, then read our full guide on how to start crypto trading as a beginner?.
For Beginners
If you’re just starting out with crypto, simplicity is key. Below are two of the most beginner-friendly platforms:
1. Coinbase (For US & Canada)
Coinbase is widely known for its ease of use, making it perfect for beginners in the US and Canada.
The mobile app is quite simple as well. With just a few clicks, you can buy popular cryptocurrencies like Bitcoin and Ethereum.
However, Coinbase’s fees are higher compared to other platforms, so it’s not the best for active traders.
2. Binance (For Global Use)
Binance is one of the largest cryptocurrency exchanges in the world, both in terms of trading volume and the number of users. Binance was founded in 2017, its famous for its best-in-class security, and a wide range of cryptocurrencies.
It offers competitive trading fees, usually around 0.1% per trade. If you use their native coin (BNB) to pay for fees, you can get a discount.
3. CoinEx (For Global Use)
Best Crypto Exchanges for North America (Regulated)
If you’re based in the US or Canada and need a highly regulated platform, here are the top choices:
1. Coinbase (Advanced Exchange)
Coinbase’s advanced exchange is ideal for users in the US. It’s one of the most regulated exchanges for anyone prioritizing security. Coinbase also has an easy fiat on/off ramp for US banks.
2. Kraken
Kraken is another solid exchange for North American users. Like Coinbase, it’s well-regulated and has been operating for over a decade.
While it has fewer altcoins and features compared to Binance, it’s still a trusted platform for secure trading.
Low/Non-KYC Crypto Exchanges
If you’re looking for exchanges with lighter KYC requirements, the following options may work well:
CoinEx
Bitunix
Bitunix is known for its robust security features and a variety of trading options. It’s designed for traders seeking a balance between simplicity, privacy, and advanced trading tools.
Top Crypto Exchanges for High-Volume Traders
For those looking for a more advanced platform with low fees and high liquidity, here are some of the best exchanges:
1. Bybit
Bybit is an excellent alternative to Binance, particularly in EU and regions outside US. Bybit has advanced features like leverage trading and a vast array of altcoins. It’s a great platform for high volume trading.
2. OKX
OKX offers high liquidity and security, ranking among the top exchanges for trading volume. It’s a solid choice for those who live in Asia or other regions where some exchanges might be restricted.
Crypto Exchanges with Largest Altcoin Selections
If you’re looking for a vast selection of altcoins, the following is your best choice:
1. MEXC
MEXC offers over 2,000 altcoins to choose from, making it one of the largest platforms for altcoin traders.
However, strict KYC and region restrictions can make it difficult to access in some countries.
Conclusion
When choosing the best crypto exchanges for your needs, consider security, location, your level of experience, and specific needs.
For beginners:
Use Coinbase (US/Canada), Binance or CoinEx (global).
For experienced traders:
Opt for Binance, Bybit, or OKX (if available in your region).
For US users:
Coinbase Advanced or Kraken are the most regulated options.
For the largest altcoin selection:
Look into MEXC (with caution on KYC).
For lower KYC requirements:
CoinEx and Bitunix are great options.
Considering these factors will help you to better navigate the endless options and choose the best crypto exchanges for your needs.