13 Best Crypto Exchanges and Apps For 2024

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22 Feb 2024

13 Best Crypto Exchanges and Apps For 2024

The Coingape Marketing Editor Team provided a neutral viewpoint when creating the content. Though we receive commission for sponsored additions, this has no bearing on our assessments of the subject.

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A crypto exchange is similar to a real-world broker. It’s a business that provides you with the tools to trade cryptocurrencies for other assets. If you are trying to find the best crypto exchange that suits your investment needs, you are in the right place. This article looks at the top crypto exchanges and crypto apps to help you start your investment journey the right way.

1. Kraken

Founded in 2011, Kraken is a US crypto exchange and one of the first Bitcoin exchanges listed on Bloomberg Terminal. Reportedly valued at US$10.8 billion, Kraken is packed with 200+ cryptocurrencies. Members can start trading in minutes with only $10 and expect industry-leading security and 24/7 customer service.
Why we like it: Kraken is a user-friendly platform with a strong focus on security and transparency. The tools are perfect for beginners and busy professionals alike.
Rating4.9/5 starsTrading feesMaker and taker fees starts from 0.16% and 0.26% and decrease based on trading volumeMinimum investment$1 (Varies based on payment method)Tradable coins232 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin

Pros and Cons

Sophisticated features.
Good customer service.
Strong security, training academy.
High trading fees
No insurance fund, no crypto credit card.

Visit Kraken Exchange

2. Prime XBT

Prime XBT is a versatile crypto exchange platform that supports trading of cryptocurrencies, commodities, forex, and indices. The platform has been operating since 2018 and is offering its services in more than 150 countries across the globe. With the industry-best cyber security implementations, Prime XBT offers security to its users’ investment funds. Furthermore, because of its unique features, it is often referred to as the Prime XBT crypto futures trading platform.
Why we like it: Prime XBT has a user-friendly interface, which makes it suitable for beginners. It has a highly trusted platform for traders who are interested in crypto futures. Additionally, leverage trading, margin trading, and diverse trading options make it suitable for experienced traders as well.
Rating4.5/5Trading Fees0.01% for receiver and 0.02% for sender.Minimum Investment$10 USDTradable coinMore than 30 cryptocurrencies, including BTC, ETH, LTC, DOT, etc.

Pros and Cons

Prime XBT has a user-friendly interface.
It supports different types of assets for trading - crypto, commodities, forex, and indices.
Supports both crypto and fiat deposits and withdrawals.
It offers advanced trading features with best security practices.
No formal regulatory framework.
No demo account for beginners.

Visit Prime XBT Exchange

Best Crypto Exchanges with lowest fees

#1 Top pick

ETORO

41M monthly active users

Unique portfolios and the ability to copy top traders
Trade 3,000+ instruments
Join a 30M+ community across 100 countries

#2 Top pick

OKX

22M monthly active users

Easy to buy crypto using card, bank account, or digital wallet
Low trading fees of 0.10% or less
High-interest staking opportunities

Best overall

STORMGAIN

3M monthly active users

Crypto Trading with Leverage of up to 500x
Exclusive Trading Signals
Exchange Cryptocurrency at the Best Rate

3. Coinbase

As the biggest US-based exchange, Coinbase offers a smorgasbord for both beginners and advanced traders. Trading is easy, and your digital assets are securely stored offline. Considering its size, it’s no surprise that you can find all the popular digital currencies on this platform and plenty of trading options and strategies.
Why we like it: Coinbase is one of the best places to buy crypto. The user interface is simple, and you can trade on several platforms and purchase crypto with other digital currencies and US dollars.
Rating4.7/5 starsTrading feesMaker and taker fee starts from 0.00% to 0.05% varies based on trading volumeMinimum investment$0 (Depends on payment method)Tradable coins250+

Pros and Cons

Large community, quick withdrawals, secure trading.
Higher fees than other exchanges.

Visit Coinbase Exchange

4. OKX

A global leader in digital asset exchanges, OKX uses blockchain technology to offer cutting-edge financial services to international traders. They have offices in Dubai, Turkey, Hong Kong, Silicon Valley, Singapore, and Australia. OKX is a respectable choice for global cryptocurrency merchants looking for low exchange fees. Purchasing digital assets and earning very high returns when using the staking or storing features are simple with an OKX account.
Why we like it: OKX has a brilliant user-interface and impenetrable security. The exchange is best for seasonal and professional traders.
Rating4.5/5 starsTrading fees1%Minimum investment $100Tradable coinsNearly 315 crypto assets, including Bitcoin and Ethereum

Pros and Cons

It is one of the best exchanges for staking cryptocurrencies.
User-friendly mobile and web trading platforms.
The exchange isn't available for the U.S. users.

Visit OKX Exchange

5. Bitget

Bitget is among the most popular crypto exchanges. It offers impeccable services and has exceptional client retention policies. Due to its entire setup, the exchange experienced a huge surge in trading volume. As of now, the trading volume of Bitget is $861,736,199. With a focus on copy trading and other smart trading tools, the exchange boasts 20 million users spread across 100 countries.
Why we like it: Bitget offers a variety of crypto trading services, starting with spot, futures, margin, copy, AI-powered, launchpads, launchpools, staking, crypto loans, and others.
Rating4.9/5 starsTrading fees0.02% futures maker fee and 0.1% spotMinimum investment10 – 100 USDTTradable coins500 cryptocurrencies, including Bitcoin, Litecoin, and Dogecoin

Pros and Cons

Offers over 500 cryptocurrencies to trade.
It has ample of features other than trading.
Due to its high security measures, Bitget holds a solid reputation.
Bitget's user interface and customer support are relatively sophisticated than the competition.
There are relatively fewer low supply or low cap coins than others.

Visit Bitget Exchange

6. Robinhood

Robinhood is a crypto exchange (USA based) that’s a good choice for novice investors. The platform is commission-free and doesn’t charge for withdrawals or inactive accounts. Beginners can enjoy easy mobile and web trading platforms and seamless account openings. Purchases can start with as little as $1.
Why we like it: Besides offering a positive experience for beginners, this crypto exchange also gives insurance against cyber breaches and theft.
Rating4.5/5 starsTrading fees$0Minimum investment$0Tradable coinsBitcoin, Ethereum, Dogecoin, Litecoin, and more

Pros and Cons

Free US stock and ETF trading
User-friendly mobile and web trading platforms, no commission.
Limited product range, weak customer support.

Visit Robinhood Exchange

7. WOO X

WOO X operates on a unique business model that combines liquidity aggregation from several CeFi venues to offer exceptional liquidity to our users at the most affordable price. WOO X has exceptionally low base fees, which go as low as 0% for select pairs in its ‘Zero Fee Zone’. WOO X aims to give traders the best price execution possible, along with cutting edge trading tools and user interface, radical transparency, and an innovative culture. With WOO X’s superior trade execution, traders can now retain a larger portion of their earnings.
Why do we like it?
As a trading platform, WOO X provides a variety of products that cater to traders with varying levels of trading expertise. Users on the platform can begin with spot trading or choose to venture into more advanced leverage-based futures trading to maximize returns, or simply park their idle assets to generate passive yield. Additionally, WOO X is ranked 17 on CoinGecko with a Trust Score of 9, which makes it a trustworthy and reliable platform.
As mentioned earlier, the platform charges the lowest fees, which automatically makes it unique. Moreover, its liquidity aggregation and other features further add to its competitive advantage.
Rating4.9/5 starsTrading feesMaker and taker fees starts from 0.02% and 0.03% and decrease based on trading volumeMinimum investmentNo chargesTradable coins107 spot pairs, 144 futures symbols (as of Jan 3, 2024)

Pros and Cons

The exchange offers vastly lower fees than the competition.
Owing to the liquidity aggregation, it has best-in-class liquidity and spreads.
WOO X has developed a unique live updating Proof of Reserves & Liabilities dashboard.
It doesn’t allow fiat-to-bank withdrawals yet.

Visit WOO X Exchange

8. Binance

Founded in 2017, Binance is a global powerhouse. This cryptocurrency infrastructure provider and blockchain boast the largest crypto exchange footprint in terms of daily trading of digital assets. Users can utilize over 350 cryptocurrencies, enjoy strict security, and earn daily rewards on idle tokens.
Why we like it: Binance offers low fees, lots of crypto trading pairs, and a mobile app that allows you to trade on the go.
Rating4/5 starsTrading fees0.1%Minimum investment$0Tradable coins350+

Pros and Cons

Large selection, reduced fees on crypto-to-crypto trades.
Major regulatory concerns, US dollars not accepted.

Visit Binance Exchange

9. Gemini

Gemini is a highly-regulated US-based cryptocurrency exchange and custodian. Founded in 2014, it also runs out of Canada, the UK, Hong Kong, Singapore, and South Korea. Gemini focuses on innovative security solutions to protect users’ assets and allows members to sell, buy, and store digital assets on the platform.
Why we like it: Gemini is a user-friendly platform for both beginners and experienced traders. With potent security features, an in-house hot wallet, and extensive customer support, Gemini is definitely up there with the best.
Rating4.6 out of 5 starsTrading feesStarts from 0.075% and varies based on trading volumeMinimum investment$0Tradable coinsBitcoin, Ethereum, Gemini Dollar, and more

Pros and Cons

Available across the US, hot wallet insurance, good security.
Only 100+ cryptocurrencies, high trading fees.

Visit Gemini Exchange

10. Crypto.com

Crypto.com was founded in 2016 in Singapore. Touted as the “world’s leading cryptocurrency platform,” it provides 80 million users with proof of regulatory compliance, security certifications, and the industry’s best insurance coverage. It’s great for users who prefer mobile trading, decentralized finance, and fiat transactions.
Why we like it: Crypto.com has over 275 cryptocurrencies and low to zero fees when you use cash-funded transactions to trade on the platform.
Rating4.6/5 starsTrading fees0% to 4%Minimum investment$0Tradable coins275+

Pros and Cons

Large selection of crypto, low fees for accounts funded with cash transfers.
High fees for credit and debit purchases are; some services are not available in the US.

Visit Crypto.com Exchange

11. eToro

eToro was founded in 2007 in Israel. The company expanded exponentially and now also has registered offices in the US, UK, Australia, and Cyprus. As a multi-asset investment company, eToro offers financial services and 3,479 tradeable symbols to its 25 million members in 140 countries.
Why We like it: It’s one of the most user-friendly copy-trading platforms for novices and also offers a comprehensive ecosystem for experienced traders. You can also test your skills with a $100,000 demo account.
Rating4.5/5 starsTrading fees1%Account minimum$10Tradable coinsNearly 200 crypto assets, including Bitcoin and Ethereum

Pros and Cons

Great for social copy trading,
User-friendly web platform, mobile app
Suitable for casual and beginner investors, a massive variety of symbols, indemnity insurance.

Visit Etoro Exchange

12. Bybit

Bybit is a highly-recommended cryptocurrency exchange that was founded in 2018 in Dubai, United Arab Emirates. Among the most promising crypto platforms today, its services and tools suite keeps expanding to provide 1.6 million users with a variety of trading options. Bybit is also a good choice for investors who want an intuitive mobile app.
Why We like it: It’s fast, it’s secure, and the trading system is transparent. Bybit is also very customer-focused and constantly evolves to provide the best user experience. Its goal is to remain safe and fair, and next-gen blockchain technology also makes this platform worth keeping an eye on.
Rating4.5/5 starsTrading feesStarts from 0.1% and varies based on type of tradingMinimum investment$0Tradable coinsBitcoin, Ethereum, EOS, and more.

Pros and Cons

Low trading fees, super quick trading engine, mobile app.
leverage up to 100X, automated trading bots.
Easy to start trading.
Limited trading pairs, lack of regulation, and US citizens cannot use the site.

Visit Bybit Exchange

13. KuCoin

Launched in 2017, KuCoin is a cryptocurrency exchange based in Seychelles. It’s one of the biggest global exchanges with over 700 coins, 20 million users, and a presence in 200 countries. Members can perform basic to advanced trading on the platform and get lower trading fees compared to most other competitor sites.
Why we like it: We love the variety of trading and investment options you can buy and sell for as little as $1. KuCoin also offers the opportunity to test strategies and grow your skills without worrying about entry costs.
Rating4.4/5 starsTrading fees0.005% to 0.1%Minimum investment$5Tradable coins700+, including Bitcoin, Dogecoin, Ethereum, and Shiba Inu

Pros and Cons

Earn interest on crypto, a wide selection of coins, and low fees.
Not licensed in the U.S., poor user reviews.

Visit Kucoin Exchange

Additional Info to know about crypto exchanges

The Main Types of Crypto Exchanges

Centralized Exchanges
A Centralized cryptocurrency exchange (CEX) functions like a normal stock trading platform. You put in an order to “sell,” and the exchange finds a user looking to buy and handles the transaction.
CEX is easy to use, and some provide insurance against funds stolen from the exchange. Most CEX platforms also offer fiat-to-crypto exchanges, liquidity of funds, and customer support. The downside includes transaction fees and vulnerability to cyber threats.
Decentralized Exchanges
A decentralized cryptocurrency exchange (DEX) isn’t controlled by anyone. Instead, trades are executed automatically on the blockchain via smart contracts. DEX platforms don’t act as a middleman, making them more attractive to traders who prefer person-to-person trades.
DEX exchanges tend to have lower fees than CEX platforms–as well as better security and privacy. However, it can be difficult for beginners to navigate, there’s less liquidity than CEX, fiat-to-crypto exchanges aren’t accepted, and customer support is lacking.
Hybrid Crypto Exchanges
A hybrid crypto exchange (HEX) combines the best of CEX and DEX. In most instances, users can look forward to the anonymity and security of DEX and the customer services and regulation of CEX.
The benefits of HEX exchanges include fiat-to-crypto exchanges, better customer support, and user’s control their own funds. On the flip side, hybrid crypto exchanges often have fewer features and choices compared to CEXs and DEXs, and most are not beginner-friendly.
Peer-to-peer (P2P) Cryptocurrency exchanges are another example of hybrid crypto exchanges. Users can buy and sell cryptocurrencies from other users, but the exchange itself is centralized and acts as an intermediary. Some of the best P2P cryptocurrency exchanges include OKX, Binance, and KuCoin.

Common Crypto Exchange Fees To Understand

Trading fees
Cryptocurrency exchanges need to make money, and most accomplish this by taking a percentage from common transactions like trading, deposits, loans, and liquidations. Charges can range between 0% and 1.5% per trade.
Withdrawal fees
Most big exchanges will charge a fee when you withdraw crypto. The amount depends on the platform and the type of crypto you’re withdrawing. Some less valuable coins are free to withdraw, even on sites that charge withdrawal fees. You can also consider zero-fee exchanges like Gemini, Kraken, and FTX.
Gas fees
Gas fees are primarily native to the Ethereum blockchain. There are a lot of Ethereum-related cryptos and services, so most investors incur gas fees sooner or later. But what is it? Think of how gas makes a car run. Similarly, users pay gas fees to support Ethereum’s blockchain, which requires massive computing power and energy to keep going.

Choosing an Exchange for different types of trading

The article breaks down and compares different cryptocurrency exchanges for most purposes. However, it is also a good idea to choose a cryptocurrency exchange based on the type of trades you are looking to make.

Cryptocurrency exchange for Beginners: If you’re just starting out, you might want to go with an exchange that is easy to use and has a solid support above everything else.
Cheap crypto exchange: Different exchanges have different fee structures. If you’re making large trades, you might want to optimise it by trading on low-fee cryptocurrency exchanges.
Crypto exchange for day trading: If you’re a day trader, you need to look for exchanges that offer good volume, volatility, and low fees.
Crypto futures trading platforms: Most popular exchanges offer futures trading. But only some exchanges offer a wide variety of cryptocurrencies to trade from, with high leverage.
Crypto trading brokers: Some traders might prefer trading on a broker instead of an exchange.