If you’re looking to buy or sell cryptocurrencies, you’ll need to use a cryptocurrency exchange. These online services often work similarly to a stockbroker, giving you the tools to buy and sell digital currencies like Bitcoin, Ethereum, and Dogecoin. The best cryptocurrency exchanges make it easy to buy and sell the currencies you want with low fees and strong security features.
When choosing the best cryptocurrency exchange for your needs, it’s important to look at supported currencies, pricing, withdrawal options, and security—which is where we focused when picking this list of the best cryptocurrency exchanges. Keep reading to learn more about which cryptocurrency exchange could be best for your goals.
Coinbase and Coinbase Pro
✓Pros
#Solid variety of altcoin choices
#Extremely simple user interface
#Very high liquidity
✓Cons
#User does not control wallet keys
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Cash App
✓Pros
#Peer-to-peer money transfer like Venmo or Zelle
#Ability to withdraw Bitcoin
#Extremely simple user interface
✓Cons
#Only supports Bitcoin and no other cryptocurrencies
#Charge when sending money via credit card
#Daily and weekly withdrawal limits apply
Bisq
✓Pros
#Decentralized, non-KYC platform
#More than 15 different payment options
#Mobile app for both Android and iOS
✓Cons
#Transaction speed can be slow
#Trading volumes can be low
#Not designed for active trading
Binance
✓Pros
#Lower fees than other commonly used exchanges
#Large variety of cryptocurrencies and trading pairs
#More advanced charting
✓Cons
#Geared for more advanced users
#Binance.US has fewer trading pairs than international version
#Not all states supported
Final Verdict
If you’re looking to get started with cryptocurrency trading or investing, choosing the best exchange for your goals is important. Whether you want the most currencies, the lowest fees, or the easiest experience, there is a good option for you. Whether that’s our all-around winner Coinbase or a competitor like Binance, all you need is a funded account, and you can buy your first cryptocurrency.