Best Crypto Exchanges & Platforms in 2024

Crypto trading and crypto investing are two lucrative spaces. It has the potential to grow your money within a short span of time. To do so, one must choose a reputed cryptocurrency exchange with lower trading fees and strong security measures in place to protect user funds.

So, if you are looking for a crypto exchange to start your trading journey and not really sure which one to choose, then to help you out, I have researched and reviewed some of the best platforms in the industry and listed them below:

Best Crypto Exchanges & Platforms

1. Binance Review

Binance is one of the leading crypto exchanges worldwide. It was founded in 2017 by Changpeng Zhao, and since then, it has rapidly grown to become one of the world’s largest cryptocurrency exchanges.

The crypto exchange is suitable for both beginners and advanced users and one can trade in various markets through it. It allows you to trade in the spot and futures market with up to 125x leverage. As well as supports margin trading, copy trading, trading bots and so on.

Binance also has an extensive list of supported cryptocurrencies that allow you to diversify your crypto portfolio.

Being a global exchange, it has one of the highest user bases globally which provides a high liquidity and ensures that you are able to execute your trades at your set prices.

As far as the trading fee is concerned, for spot and margin trading you will get charged 0.0750% as maker and taker fees. For futures, the fee 0.0200% as maker and 0.0500% as taker fees. Also, there is a 10% BNB discount so the final fees would be 0.0180% as maker and 0.0450% as taker fees.

Binance also has a strong focus on security. As a result, it offers you various features like 2FA, withdrawal address management, and cold storage solutions to help you protect your account.

However, Binance is banned or not allowed to operate in many countries worldwide. So, depending on where you live, you may or may not be able to use the exchange.

Also, KYC is mandatory to start using the exchange. Without completing KYC verification, you are not allowed to deposit, withdraw, or conduct any trades.

Pros	Cons
Vast selection of cryptocurrencies and trading pairs	Regulatory issues
Up to 125x of leverage for futures trading	Complex interface
Low trading fees
High liquidity
Advanced trading features

2. Bybit Review

Bybit is another top cryptocurrency exchange that you should try. Established in 2018, it is known as one of the prominent cryptocurrency derivatives exchanges. This exchange also offers access to a wide range of crypto tokens to help you diversify your portfolio.

You can trade in both spot and derivatives markets. For futures trading, it supports up to 100x leverage and gives you access to perpetual futures, futures and options contracts. The exchange also offers you access to other features like leveraged tokens, trading bots, copy trading, etc.

As far as fees are concerned, it charges you 0.1000% as a taker and maker fees for spot trading. On the other hand, for perpetual and futures contracts trading, the taker fee is 0.0500%, and the maker fee is 0.0200%. Also, USDC options trading charges you 0.0200% as a taker and maker fee.

The exchange also has security as top priority. As a result, it has implemented industry-leading security measures such as multi-signature wallets, cold storage, and rigorous risk management systems to protect user funds. Thanks to their strong security protocols, till date no major security breaches have been reported.

One of the unique features of the exchange is that it offers you a Testnet platform, where you can practice your trading strategies without financial risk. So as a newbie trader, this feature will be helpful for you.

Finally, Bybit also requires you to complete your KYC verification, and without doing so, you won’t be able to participate in any trading activities.

Pros	Cons
Risk-free test environment to learn & experiment	Regulatory issues
Up to 100x of leverage for futures trading	Limited number of supported cryptocurrencies & trading pairs
Competitive trading fees
Strong security measures
Advanced trading platform

3. BingX Review

BingX is another top cryptocurrency trading platform suitable for both beginners and advanced traders. The exchange was founded in 2019 and it offers you a variety of trading services such as spot trading, futures trading, and copy trading.

The exchange also supports a diverse array of cryptocurrencies and trading pairs such as BTC, ETH, XRP, DOGE etc. So as an investor or trader you have plenty of options for diversifying your portfolios.

For perpetual futures trading, BingX offers up to 125x leverage and supports standard futures.

As far as the trading fee is concerned, it charges a maker and taker fee of 0.1% for spot trading. For futures trading, it charges 0.0200% as a maker and 0.0500% as a maker. Also, for standard futures trading, it charges a fee of 0.0450%.

In addition, BingX does not charge deposit fees. However, you must meet the minimum deposit requirements. You will also pay a flat fee for each withdrawal.

Now, coming to security, BingX offers several features to safeguard your account, such as 2FA, anti-phishing code, fund password, etc.

Furthermore, you don’t need to complete KYC to use the exchange. However, your maximum total deposit will be limited to 50,000 USDT, and your daily withdrawal limit will be also limited to 50,000 USDT. So if you are looking for a no-KYC exchange, BingX can be a good option.

Pros	Cons
Up to 125x of leverage for futures trading	Limited cryptocurrency options
Competitive trading fees	Requires minimum deposit amount
Supports copy trading
Advanced trading platform

4. StormGain Review

StormGain is a pretty unique cryptocurrency exchange that was established in 2019. The exchange is known for its user-friendly interface and comprehensive range of services.

Using StromGain, you can trade in both the spot and futures market. And the best part is that it supports up to 300x leverage for futures trading. It also offers you access to unique features like cloud mining so you can mine Bitcoin directly from your phone.

The exchange also supports a good number of cryptocurrencies that includes BTC, ETH, XRP, LTC, BCH and more.

Now talking about crypto trading fees, StromGain charges a maker and taker fee of 0.50%. Also, the exchange requires a minimum trading amount which is 10.000. For crypto exchange, it charges you a maximum commission of 0.25% which varies from one trading pair to another.

Also, for debit/credit card deposit the exchange charges you 10USD as minimum commission. Also, it requires you to deposit a minimum of 50 USD.

Furthermore, security is a top priority for StormGain. The exchange has security features like two-factor authentication (2FA) and SSL encryption to protect user accounts and data.

Also, the best part of the exchange is that it does not require you to complete Know Your Customer (KYC) verification for basic trading activities.

However, StromGain is not available in many countries. So you will need to check if the exchange operates in your region before starting to use it.

Pros	Cons
Up to 300x of leverage for futures trading	Supports fewer cryptocurrencies
StormGain offers trading signals help you make informed trades	Charges relatively high withdrawal fees
Clean and intuitive interface	Regulatory concerns
Advanced trading platform

5. Phemex Review

Up next, you can have a look at Phemex. It is one of the best cryptocurrency trading platforms for spot and futures trading. Phemex, founded in 2019 by former Morgan Stanley executives, is a leading cryptocurrency exchange known for its emphasis on professional-grade trading tools and a secure, user-friendly platform.

Using this platform, you can trade in spot  and futures and enjoy other trading features like copy trade, trading bot, mock trade, Phemex save etc.

For futures trading, the exchange offers up to 100x leverage and several crypto trading pairs with deep liquidity. It also supports various order types and charging tools suitable for both newbie and advanced traders.

Talking about trading fees, spot trading charges you 0.1% as a maker and taker fee. Also, you can get a 20% PT discount. For futures trading, it has a maker fee of 0.01% and a taker fee of 0.06%, along with a 10% PT discount.

Security is another area where Phemex excels. It uses cold wallets and multi-signature technology to safeguard user funds. To help safeguard your account, you have features like 2FA, withdrawal whitelist, device management, new address withdrawal lock, and more.

Another good part of Phemex is that you don’t need to complete KYC to start using the exchange. You will also get unlimited crypto deposits and a daily crypto withdrawal limit of $50.00K, along with unlimited crypto trading.

Pros	Cons
Up to 100x of leverage for futures trading	Supports fewer cryptocurrencies
Competitive fee structures	Minimum withdrawal amounts
Clean and intuitive interface
Strong security protocols

6. KuCoin Review

KuCoin, founded in 2017 and headquartered in Seychelles, is a popular cryptocurrency exchange known for its wide range of supported cryptocurrencies, user-friendly platform, and robust security measures.

The exchange supports over 600 cryptocurrencies, including popular coins and plenty of new tokens. This allows you to diversify your portfolio.

Along with that, it supports multiple trading services, including spot trading, futures trading with up to 100x leverage, margin trading, and staking. KuCoin also features a unique trading bot. You can use it for automating your trading strategies.

For spot trading, the exchange charges a maker and taker fee of 0.100% and 0.080%, respectively. You can also get a 20% KCS discount, so the discounted fee would be 0.080%.

For futures trading, the fee stands at 0.020% and 0.060%, respectively. However, it does not offer any discount on futures trading fees. Also, deposits are free on KuCoin. However, the withdrawal fee varies depending on the currency you are withdrawing.

Furthermore, to trade on the exchange KYC is not required but you will have limited features. You can always lift up this restriction by completing your KYC.

Overall, the exchange also takes security very seriously. As a result, it has strong security measures in place such as multi-factor authentication (MFA), encryption protocols, and cold storage solutions.

Pros	Cons
KuCoin offers a vast selection of cryptocurrencies	Complex interface
Up to 100x of leverage for futures trading	Not regulated in most regions
Low trading fees
Strong security protocols

7. Bitget Review

Bitget is also one of the top crypto exchanges. It was founded in 2018, and it has rapidly become one of the top names in the industry. The exchange is known for its comprehensive trading services and innovative features.

The exchange is primarily known for its derivatives trading services as the exchange supports a wide range of trading pairs with up to 125x leverage and deep liquidity. As well as the exchange supports spot and margin trading.

One of Bitget’s standout features is its copy trading service, which allows users to automatically replicate the trades of experienced traders. So, if you are a crypto investor looking for quick gains, this feature might be able to help.

Now, coming to the fee schedule, spot trading charges you a maker and taker fee of 0.100%. Also, you can get up to 20% off with BGB. So, the discounted maker/taker fee would be 0.080%. For futures trading, the trading fee is 0.020% for a maker and 0.060% for a taker. However, for futures trading you don’t get any BGB discount.

Moreover, Bitget requires users to complete Know Your Customer (KYC) verification to gain full access to its features. So without verifying your account you are only limited to a 20K deposit with no access to features like trading or withdrawal.

Furthermore, Bitget places a high priority on security, employing measures such as multi-signature wallets, cold storage for the majority of user funds, and two-factor authentication (2FA). These protocols help the exchange to safeguard user assets and ensure a secure trading environment.

Pros	Cons
Up to 125x of leverage for futures trading	Limited cryptocurrency options
Low trading fees	Not regulated in most regions
Supports copy trading
Strong security protocols

8. MEXC Review

MEXC is another top cryptocurrency exchange that you must check out. It was also established back in 2018 and it is headquartered in Singapore. One of the unique parts of this exchange is that it supports an extensive range of supported crypto tokens (1000+) more than any other exchange. So, if you are looking for new crypto tokens to trade or invest in, MEXC can be a great option.

Along with that, the exchange also gives you access to trading options like spot and futures. For futures trading, it offers you 125x leverage with deep liquidity. Also, it supports other trading features like staking, copy trading, demo trading etc.

Another highlight of MEXC is its zero spot trading fees. While trading in the spot market, you don’t have to pay any maker or taker fees. Also, futures trading charges you zero maker fees. However, there is a taker fee of 0.010%.

Coming to KYC, the exchange does require you to complete your KYC verification. So you can get full access to its features. Without verifying your account, you won’t be able to take part in any trading activities.

Furthermore, MEXC also takes user’s security very well. As a result, it has implemented strong security measures in place like multi-signature wallets, cold storage for the majority of user funds, and two-factor authentication (2FA). These features will help you to safeguard and protect your account.

Pros	Cons
Up to 125x of leverage for futures trading	Complex interface
Vast selection of cryptocurrencies	Not regulated in most regions
Zero spot trading fees
Low futures trading fees

9. Deribit Review

You can next check out Deribit. It was founded in 2016, and it is a crypto exchange based in the Netherlands that specializes in derivatives trading. As a result, the exchange is more suitable towards crypto futures and options traders. However, it also supports spot trading.

 Deribit offers Bitcoin and Ethereum futures with up to 50x leverage. Along with that, it offers you options trading. On the exchange, you will find a variety of options, contracts and tools to hedge your positions or speculate on market volatility.

Another useful feature of Deribit is that it offers you deep liquidity. As a result, you will be able to execute your trades at your desired price.

Coming to the fees, for spot trading it charges you 0% fees. However, for BTC and ETH weekly futures, it charges you a maker fee of -0.01% and taker fee of 0.05%. For BTC and ETH futures & perpetual the trading maker/taker fee is 0.00% and 0.05% respectively.

For options trading fee, for BTC and ETH options you will be charged 0.03% of the underlying or 0.0003 BTC per options contract as maker and taker fee. However, I would recommend you to check their fee schedule for a detailed overview.

Furthermore, KYC verification is required to start trading on Deribit. Also, the exchange offers you several security features to help you protect your account. It also uses strong security measures and cold storage to secure user funds.

Pros	Cons
Best for derivatives trading	Only up to 50x leverage
Advanced trading features	Limited cryptocurrency options
Deep liquidity
Low-latency trading environment

10. Kraken Review

Kraken is one of the oldest cryptocurrency exchanges, founded in 2011. The exchange has a strong reputation globally, and it is known for its comprehensive trading features and robust security measures.

The exchange allows you to trade in spot and futures markets. However, for futures trading, you get only up to 50x leverage. Also, the exchange has two sections Kraken and Kraken Pro. Kraken offers you spot trading, while Kraken Pro is meant for the future.

Talking about the fees, for spot trading the exchange charges you 0.25% as maker and 0.40% as taker fees. On the other side, for futures trading the fee is 0.0200% as maker and 0.0500% as taker fees.

To start using the exchange, Kraken requires all users to complete their KYC verification to comply with global regulatory standards. Also, it follows a tired verification process. So, the higher level of KYC you complete, the higher withdrawal limits you will enjoy, along with a few additional features.

The exchange also has a heavy focus on security. It has implemented robust security features. For instance, it offers two-factor authentication (2FA) and uses PGP/GPG encryption for email communication, as well as cold storage for the vast majority of its assets. Kraken also conducts regular security audits and penetration tests to ensure the safety of user funds.

Pros	Cons
Offers a diverse selection of cryptocurrencies	Only up to 50x leverage
Strong regulatory compliance	Charges relatively high withdrawal fees
Robust security protocols
Competitive trading fees

11. BitMEX Review

 

BitMEX is also one of the oldest crypto exchanges as it was founded in 2014. BitMEX as a platform primarily focuses on derivatives trading, particularly Bitcoin futures, perpetual contracts and options contracts. However, it also allows you to trade in the spot market.

Talking about leverage trading, BitMEX offers leverage up to 100x on Bitcoin perpetual contracts and futures. Along with that, you will also get deep liquidity for a smoother trading experience. It also supports a wide range of derivatives contracts like BTC/USDT, LTC/USDT, XRP/USDT and more.

Plus, it is backed by a powerful trading platform with advanced charting tools, real-time market data and various order types such as limit, market, stop and more.

Now coming to the fees, for spot trading BitMEX charges you 0.10% as maker and taker fee. Also, for derivatives trading fee, it charges you 0.075% as taker fee and 0.02% as maker fee for XBT marginated contracts. And for USDT marginated contracts the taker fee is 0.075% and the maker fee is -0.015%. Additionally, you can get a discount on your trading fees by staking BMEX tokens.

BitMEX also requires you to complete your KYC requirements to start trading on the platform. Without KYC verification, you won’t be able to get full trading functionalities of the exchange.

Furthermore, BitMEX prioritizes security, employing multiple measures to protect user funds and data. The platform uses multi-signature wallets for cold storage of the majority of its assets, ensuring that funds are safe from potential breaches. Additionally, BitMEX implements two-factor authentication (2FA) and conducts regular security audits to maintain a secure trading environment.

Pros	Cons
Up to 100x of leverage for futures trading	Supports only a few major cryptocurrencies
Suitable cryptocurrency derivatives trading	Not regulated in most regions
High liquidity
Robust security protocols

12. PrimeXBT Review

You can next check out PrimeXBT.The platform was launched back in 2018 and it is based out of Seychelles. The best part of this exchange is that it is a multi-asset trading platform. So you can use it to trade not just crypto but other assets too such as forex, stock indices, commodities etc. However, the platform does not support spot trading.

With PrimeXBT, you have the convenience of accessing a wide range of tradable assets, all on a single platform. This includes cryptocurrencies like BTC, ETH, XRP, and more, various forex pairs, commodities such as gold, oil, and silver, and major stock indices like S&P 500, Nasdaq, and FTSE 100. This means you can diversify your portfolio and trade in multiple markets without the hassle of switching platforms.

The exchange offers up to 100x leverage for crypto futures trading. It also offers features like copy trading and advanced trading tools.

Talking about crypto futures trading fees, the exchange charges you 0.02% as taker fees and 0.01% as maker fees.

PrimeXBT takes a flexible approach to KYC. KYC verification is not mandatory to use the platform, and you should be able to use the basic trading functions. However, by completing your KYC, you will enjoy higher withdrawal limits and additional features.

PrimeXBT also prioritizes user’s security. It offers you a bunch of security features like two-factor authentication (2FA). Also, it uses cold storage for the majority of funds,and encryption protocols to protect user data. So you will get a secure trading experience with PrimeXBT.

Pros	Cons
Up to 100x of leverage for futures trading	Limited cryptocurrency options
Let’s you trade in other assets such as forex, commodities, and stock indices	Lacks basic security features
Clean and intuitive interface
Competitive trading fees

13. Gate.io Review

Gate.io is another popular cryptocurrency exchange that you must check out. It was founded in 2013 and is based out of the Cayman Islands. The highlight of the exchange is that it supports a wide range of crypto tokens over 1400 tokens. So if you are looking to diversify your portfolio, Gate.io can be a help.

The platform also gives you access to various trading options. You can use the platform to trade in the spot market, which offers you margin trading with up to 10x leverage and futures trading with up to 100x leverage, along with perpetual contracts. To grow your money, you can also use features like staking.

Regarding the fees for spot trading, Gate.io charges you 0.09% as maker and taker fees. On the other side, for futures trading, the fee is 0.020% for a maker and 0.050% for a taker.

Moreover, to start using Gate.io you are required to complete your KYC verification. Without verifying your account you are not allowed to take part in trading activities, deposit or withdraw funds.

Overall, Gate.io also prioritizes user’s security. It has implemented multiple layers of protection and offers you security features like 2FA, anti-phishing code etc. also, it uses cold storage to store user funds and does regular security audits.

Pros	Cons
Up to 100x of leverage for futures trading	Not regulated in most regions
Vast selection of cryptocurrencies	Complex interface
Clean and intuitive interface
Competitive trading fees

14. BitMAX Review

BitMAX is one of the popular crypto exchanges that got rebranded to AscendEX in March 2018. The exchange was originally founded in 2018. Talking about the platform it is suitable for advanced traders as it primarily deals in futures trading. But it also lets you trade in the spot market.

The exchange supports over 200 cryptocurrencies and offers you access to major cryptocurrencies and a variety of altcoins. This allows you to diversify your crypto portfolio.

Along with that, the platform offers you margin trading with up to 25x leverage, which is one of the highest in the industry. And for futures trading, you are getting up to 100x. It also offers other features like staking, yield farming, copy trading, etc. Plus, the exchange offers you advanced trading tools, multiple order types and comprehensive charging tools.

Talking about the trading fees, for spot trading AscendEX charges you maker and taker fee of 0.1000% for large market cap assets. Also, for altcoins it charges you a maker and taker fee of 0.2000%. For futures trading fees, the exchange charges you 0.0400% and 0.0600% as maker and taker fees respectively.

To use the exchange, you need to complete KYC to gain full access. Plus, the exchange has a strong focus on user security. It has implemented multiple layers of protection for Safeguard user protection. Plus, the exchange does regular security audits.

Pros	Cons
Up to 100x of leverage for futures trading	Not regulated in most regions
Robust security protocols	Limited selection of cryptocurrencies
Clean and intuitive interface
Competitive trading fees

15. Delta Exchange Review

You can next check out Delta Exchange, which was founded in 2018. The exchange is known for offering derivatives trading services, including crypto futures and options, and it also supports spot trading.

Regarding derivatives, it supports a wide range of crypto derivatives and options contracts for Bitcoin, Ethereum, and other altcoins. Along with that, you are also getting up to 100x leverage for futures contracts.

Additionally, the tool offers you advanced trading tools, and offers you access to multiple order types (limit, market, stop), real-time market data, and comprehensive charting tools.

As far as the trading fees are concerned, Delta Exchange charges you 0.075% as maker and taker fees for spot trading. For inverse futures and USDT linear futures, the taker fees are 0.06%, and maker fees are 0.04%, along with 0.06% settlement fees.

To trade ALT-BTC futures, you have to pay a maker and taker fee of 0.1% with a settlement fee of 0.1%. Plus, for options trading, move & spreads, the taker, maker and settlement fee is 0.0375%.

Talking about KYC, to start using Delta Exchange, you will need to complete your user verification. Without this, you are not allowed to deposit or withdraw funds or take part in any trading activities.

Overall, Delta Exchange prioritizes user security. It has employed multiple layers of protection to safeguard user assets. These measures include two-factor authentication (2FA), cold storage for the majority of funds, and regular security audits. The platform also uses encryption protocols to protect user data.

Pros	Cons
Up to 100x of leverage for futures trading	Not regulated in most regions
Best for cryptocurrency derivatives trading	Complex interface
Clean and intuitive interface
Competitive trading fees

Which crypto exchange is cheapest?

MEXC is considered one of the cheapest cryptocurrency exchanges due to its minimal fee structure. As for futures trading, the exchange does not charge you any maker and taker fees, and for futures trading, it only charges you a taker fee of 0.010%.

What are the top 3 crypto exchanges?

The top three crypto exchanges are Binance, Bybit, and BingX. Binance leads in trading volume and a wide range of supported cryptocurrencies. Bybit is renowned for its user-friendly interface and futures trading services, making it popular among beginners. BingX is well-regarded for its robust security measures, comprehensive features, and low fee.

Which is the safest crypto exchange?

Kraken is often cited as one of the safest cryptocurrency exchanges. It uses advanced security measures such as two-factor authentication (2FA), cold storage for the majority of user funds, and regular security audits. Binance also prioritizes security, employing similar measures and insurance for digital assets held in online storage.

Conclusion

In conclusion, the best cryptocurrency exchanges combine security, user-friendliness, and a wide range of supported assets. Platforms like Binance, Bybit, and BingX offer robust features that cater to both beginners and advanced traders. Choosing the right exchange depends on individual needs, trading experience, and specific financial goals.