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2021 Rankings

Best Cryptocurrency Trading Platforms

Last updated on November, 10

Explore investment opportunities with the biggest and hottest cryptocurrency trading platforms on the market. Buy and sell cryptocurrencies on a reputable platform for a trading fee and start earning your profits. Try one today!

 Best Cryptocurrency Trading Platforms illustration

66 service ranked

Our ranking methodology

#

1

StormGain logo

StormGain

4.95

8,400

1,600

10,000 reviews

Custom

Multi-Crypto Wallet

Fee Trading

Zero Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

#

2

Okex logo

Okex

4.81

4,456

1,029

5,485 reviews

Custom

Multi-Crypto Wallet

Fee Trading

Zero Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

#

3

CEX.IO logo

CEX.IO

4.64

4,580

1,300

5,880 reviews

Custom

Multi-Crypto Wallet

Fee Trading

With Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

Customer Experiences:

pro

  • Amazing project with great future

  • Can track everything

  • Lot of giveaways

con

  • Fees are very high

  • Not recommended

  • Unresponsive customer service

pro

Amazing project with great future

con

Fees are very high

pro

Can track everything

con

Not recommended

pro

Lot of giveaways

con

Unresponsive customer service

#

4

Plus500 Cryptocurrency Trading logo

Plus500 Cryptocurrency Trading

4.56

3,814

1,186

5,000 reviews

Free

Multi-Crypto Wallet

Fee Trading

Zero Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

Customer Experiences:

pro

  • Easy to learn

  • Competitive pricing

  • High level of security

con

  • Slow

  • Service freeze when trading

  • Doesn't have live chat support

pro

Easy to learn

con

Slow

pro

Competitive pricing

con

Service freeze when trading

pro

High level of security

con

Doesn't have live chat support

#

5

TradingView logo

TradingView

4.5

4,066

1,361

5,427 reviews

Custom

Multi-Crypto Wallet

Fee Trading

Zero Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

#

6

Forex logo

Forex

4.49

2,237

756

2,993 reviews

Custom

Multi-Crypto Wallet

Fee Trading

With Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

#

7

Binance logo

Binance

4.36

3,898

1,502

5,400 reviews

Custom

Multi-Crypto Wallet

Fee Trading

With Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

Customer Experiences:

pro

  • This is so good and an excellent application.

  • Best app for buying holding and selling any cryptocurrency.

  • This is a great app

con

  • Lost the money in this account.

  • Good app, faster than the previous version.

  • It freezes and takes money and it's hard to make transactions.

pro

This is so good and an excellent application.

con

Lost the money in this account.

pro

Best app for buying holding and selling any cryptocurrency.

con

Good app, faster than the previous version.

pro

This is a great app

con

It freezes and takes money and it's hard to make transactions.

#

8

PrimeXBT Cryptocurrency Trading logo

PrimeXBT Cryptocurrency Trading

4.3

4 reviews

Custom

Multi-Crypto Wallet

Fee Trading

With Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

#

9

Altrady logo

Altrady

4.22

25 reviews

Custom

Multi-Crypto Wallet

Fee Trading

Zero Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

#

10

CoinSwitch logo

CoinSwitch

4.1

3,350

1,650

5,000 reviews

Custom

Multi-Crypto Wallet

Fee Trading

With Fee Trading

Free Trading

PCI Compliance

Portfolio Tracking

Customer Experiences:

pro

  • Easy to understand

  • Works smoothly

  • Best-earning app

con

  • Having trouble withdrawing money

  • Having problems with money deposits

  • Limit order option isn't working

pro

Easy to understand

con

Having trouble withdrawing money

pro

Works smoothly

con

Having problems with money deposits

pro

Best-earning app

con

Limit order option isn't working

You’re seeing 10 of 66 Best Cryptocurrency Trading Platforms

Frequently Asked Questions on Cryptocurrency Trading Platforms

What is cryptocurrency trading platform?

You can’t grow money on trees, but you can mine and trade them online in the form of cryptocurrencies. Cryptocurrency trading platforms are a marketplace where you can exchange your digital assets for another based on the current market value. The thought of the trade is simple: you buy and sell cryptocurrency in the hope that it will increase its value in the future, like a virtual stock exchange.

Why do you need cryptocurrency trading platforms?

Cryptocurrency trading can be a profitable business. Given that the prices vary, you can play with your digital assets depending on the current market value. With the help of cryptocurrency trading tools, these platforms can help you kickstart your digital asset trading journey.

Full Asset Control

If you want full power over your wealth, then cryptocurrency trading platforms can give you the control that you’re looking for. Unlike real-life money that banks and the government regulate, cryptocurrency bows to no one. You have full power as to how you buy and sell your digital assets. Most people invest in cryptocurrencies because of this level of autonomy they can’t get in real-life currencies.

Better Payment Structure

Unlike bank transfers, where you have to wait for the cash transfer posting, cryptocurrency trading is real-time. You spare yourself from non-real-time transfers; in cryptocurrency, all transfers are received anytime and anywhere. There are also no middlemen who will scrutinize the transaction you made and delay the process. With just a few clicks, the process would be marked completed.

Discreet Transactions

Transactions in cryptocurrency platforms are discreet, wherein your trade is harder to trace compared with traditional modes of payment. It’s almost like paying with cash, but it’s hard to keep track of where the money came from. Cryptocurrency, however, doesn’t make you anonymous, but it helps you trade more confidentially instead.

Peer-to-Peer Transactions

When you are doing online or mobile transfers, you may think that you are doing full peer-to-peer transactions. However, the truth is, you have intermediaries between you and the other party. Cryptocurrency doesn’t need any middlemen. Because of your digital trading freedom, you can exchange your digital assets in whatever way you want. You can send and receive money from anyone in the network without restrictions.

What are the core features of cryptocurrency trading platforms?

Cryptocurrency trading platforms can make you the owner of your own money. Since you have full autonomy, it makes spending and trading quick and easy. But, before engaging in crypto trading, here are the different features that you have to consider in cryptocurrency trading platforms.

Simple and Easy to Use

Contrary to the belief that cryptocurrency trading is only for the tech-savvy, most trading platforms are simple and easy to use. It only takes a few steps to buy cryptocurrencies and start trading. All you have to do is download a wallet where you can store your digital assets. There’s no need for a technical background, so you can start trading in no time.

Accessible Credit

Accessing your assets has never been this easy. Since there are no third parties involved in all your transactions, you can access your credit at any time. You can send and receive currencies in these trading platforms from your computer or smartphone quickly. Also, transactions do not require your personal information nor bank account details. Thus, you’ll be sure that no identity thief will have access to your information.

Very Low Transaction Fees

Sending and receiving cryptocurrencies or digital assets are not only fast, but the transaction costs are also low. Compared to the typical bank transfer that charges you significant fees and exchange costs, online cryptocurrency trading platforms charge meager fees. Regardless of the amount or distance from the receiver, you can send cryptocurrencies for a very minimal amount.

No Personal Information Compromises

Most cryptocurrency trading platforms are decentralized. There is no centralized entity to gather or sell the private data of users. With this, you won’t have to worry about your personal information being leaked or used for malicious intent.

Variety of Payment Options

Payments for cryptocurrencies can be processed via mobile or electronic transfers. You’ll never have to worry about not having the right channels to make your trade because most payment options are accommodated—no need to go to banks or do meet-ups. Plus, members are free to do the transactions as they please so that you can choose from a wide variety of payment options available in the market.

What are the types of cryptocurrency trading platforms?

There are different types of cryptocurrency trading platforms. It’s best that you know your options first before signing up, so you’d know what fits your needs and knowledge. Take a look at your possible choices.

Centralized Cryptocurrency Trading Platforms

A centralized cryptocurrency trading platform is the traditional type. It is managed by a company or an organization centrally. Thus, it is the most reliable cryptocurrency trading platform type. Though you have full autonomy of your cryptocurrencies, the platform helps you conduct the transaction.

Decentralized Cryptocurrency Trading Platforms

Decentralized cryptocurrency trading platforms are also known as DEX. Unlike the centralized type that has a governing body, DEX allows peer-to-peer transactions. It is developed as a decentralized application that enables you to use your wallets for your trade. Most decentralized platforms have their cryptocurrency, which is exclusively exchanged at the platform.

Hybrid Cryptocurrency Trading Platforms

Hybrid platforms combine the best features of the first two platforms in one. It takes the security component of centralized platforms and the autonomy of users in DEX. However, instead of a centralized governing body, the platform uses smart contracts technology. It is a computer program that executes contracts between users with the use of codes. It gives you the best of both worlds in one technology.

Who needs cryptocurrency trading platforms?

Tech-Savvies

Since cryptocurrency trading platforms are purely digital, they can be a haven for the tech-savvy. If you are one, just imagine how advanced the trade of digital assets in the platforms is. Since everything happens online, you’ll be able to make full use of your knowledge and love of technology. You’ll be able to grasp the essence of the platform and fully appreciate its functions. You are not only exploring this digital haven; you can also make a decent profit in your investment.

Frequent Travelers

Frequent travelers need cryptocurrency trading platforms because the currency in this digital space is international. You can use your cryptocurrency to pay for your purchases abroad—no need to use your credit cards, which charge high interest rates. International stores can accept your cryptocurrencies. You can even use them to pay for your airline tickets. All your travel expenses are paid without high transaction fees or exchange costs.

Bankers

Even reputable banking institutions have cryptocurrencies in their portfolios. This means that they see the potential in the product. They know that investing in it is a good move for the future. Given that banks see the potential in cryptos, bankers should follow the lead. Cryptocurrency trading platforms can teach them the basics of trading so they would know why their institutions believe in the future of this currency.

Adventurous Investors

Cryptocurrencies are promising investments. Because economic inflations do not govern them, cryptocurrencies’ value does not decrease when the economy goes down. Given the rise of technology, cryptos hold a bright future ahead of them, making them perfect for adventurous investors. If you are looking for investments that would give you a high profit in the long run, cryptocurrency trading platforms can provide your investment journey with a boost.

Environmentalists

New as it may sound, but cryptocurrencies help the environment. People use environmental credits, which is a cryptocurrency, for environment-friendly goods like solar panels. Cryptocurrency trading platforms do not only create systems for profit, but some also create them for good causes such as environmental preservation. That’s hitting two birds with one stone.

Fund-Raisers

Since digital assets can be exchanged freely on trading platforms, then they can also be used in causes like fundraising. If you are a fundraiser, you can create a crypto wallet to raise funds from traders. Instead of the usual cash or bank transfer, you can be creative and add another fundraising channel to capture a new market of donors. You’ll not only receive the money in real-time; you’ll also be allowed to raise funds from different parts of the world.

E-commerce Business Owners

Business opportunities can double if you increase your payment channels. Opening your business for crypto payments through platforms can be an excellent way to go. Since the charges even for high volume transfers are minimal, you can encourage customers to spend more. You are giving them a more substantial purchase power, which can set you apart from the competition.

What are the steps on how to use a cryptocurrency trading platform?

Step 1: Create a wallet.

The first step in digital assets trading is creating a wallet for your cryptocurrencies. You can get your wallets from software or mobile applications to begin your trade.

Step 2: Choose a platform.

Once you create a wallet, you have to choose a platform. Identify whether you’ll go for a centralized or decentralized platform. You can read reviews or seek recommendations from friends in selecting the type and specific platform you will be using from hereon.

Step 3: Look for patterns.

One of the basic principles in cryptocurrency trading is reading the charts or looking for patterns. Always study the history of your cryptocurrencies. Observe how they go up and down and how far you can predict future movements. If you plan to engage in day trades, then patterns are incredibly essential to make sure you are making the right move and won’t be on the losing end of the deal.

Step 4: Make a plan.

In creating a plan, you should consider two things, how you make profits and how you cut your losses. You can create an idea of what percentage of your digital assets you are going to sell every time the price goes up to make a profit. This also applies to losses because you have to identify the percentage of your assets you have to sell every time the prices are going down. This helps you create a rhythm to maximize profits and minimize losses.

Step 5: Experiment the process.

Starting your journey in cryptocurrency trading is a bold move. Since you are investing in intangible assets, you might not see how your money can grow. However, once you get a hold of the situation, you’ll see how promising cryptocurrency trading is. Once you’re already in that position, don’t be afraid to take risks.

Step 6: Take risks.

Since you have already made a plan, stick to it. Once you see your digital assets are making stable profits and losses, you can start doing peer-to-peer transactions with higher projected returns. This will give you the best benefits of engaging in cryptocurrency trading.

What is a cryptocurrency?

Cryptocurrencies are digital assets. Just like fiat money, you can use them to buy goods and services. However, what makes them different from traditional currencies is that cryptocurrencies use a decentralized system and are secured by cryptography. They are not controlled by a centralized authority, giving you full control over your assets.

What is a cryptocurrency wallet?

If you want to engage in cryptocurrency trading, you’ll first need a wallet. A cryptocurrency wallet, or crypto wallet, is a program that stores your cryptocurrencies. It also enables you to send and receive your currencies, as well as monitor and track your cryptocurrency balance. The largest cryptocurrency trading platforms usually help beginners by providing cryptocurrency exchange and wallets. To make the situation even better, these wallets are free. Once you are set up, you just need your recipient’s address and click send.

How do I choose the best cryptocurrency trading platform for me?

In choosing a trading platform for cryptocurrency, you have to identify your knowledge of the trade first. If you are a beginner, a guided type of platform is advisable for you. Central cryptocurrency trading platforms can give you the security in trading that you need. It’s like using an online banking website or application. On the other hand, if you are already familiar with the basics of cryptocurrency trading, you can shift to decentralized or DEX platforms to have full control of your digital assets. That will allow you to explore the trade and do your transactions freely. It is a good ground for increasing your knowledge of cryptocurrency trading. Since hybrid platforms are still experimental, we are yet to see a good platform of this type emerge in the market. Reading reviews will also help you choose a specific trading platform for you. You can also study the rise and fall of cryptocurrencies and how users handled them to understand what you’ll do later on.

What is a cryptocurrency demo trading platform?

Cryptocurrency demo trading platforms show you the basics of the trade without making a deposit. It gives you a free tour to gauge how the process works. You are granted a cryptocurrency trading platform demo account to use during the trial process. It helps you be acquainted with the user interface, technicalities, market dynamics, and the rules of the trade. Through these demo trading platforms, you are entering secure transactions without the fear of losing any money because you are trying out the services without a deposit. Newbies are encouraged to try out the demos first before engaging in hardcore cryptocurrency trading.

What is an open-source cryptocurrency trading platform?

Open-source software means the codes are available for viewing and modifications. They are shared publicly and transparently. Instead of using the software as it is, you are given a chance to modify the data to reach an agreement on how the system should work. You can connect to the network and develop the codes as long as your changes are under the copyright terms. Also, every change made in the code is recorded for future tracking.

How is using cryptocurrency trading platforms different across the world?

Though cryptocurrency trading is slowly making a name in the market, it is not treated the same way in different countries. Depending on the nature of the government when it comes to assets, some countries may be restrictive towards trade. For instance, countries like the United States widely accept cryptocurrencies as a part of their evolving payment channels and investments. With this, even the best US cryptocurrency trading platform goes neck-to-neck with other companies because of the increasing competition. On the other hand, a cryptocurrency trading platform in India can have a different story. There were instances when the reservations on cryptocurrencies were so strong that the supreme court even took part. The court made the verdict of whether formal banking institutions can provide cryptocurrency services. These cases show how different the treatment of digital assets is across the world.

What is cryptocurrency day trading?

Cryptocurrency day trading is extremely short-term trading. It is a form of trade where the buyers' and sellers' primary aim is profit. For instance, you will buy digital assets now because the price is low. After a few minutes, a particular bank announces that these digital assets can now make payments. People will then wait for their chance to buy the assets. Once the price skyrockets, you can sell them for a significantly higher price. Though making large profits sounds attractive, a large percentage of day traders, even in the best cryptocurrency day trading platform, fail because of the tricky rules of the trade. You can never be sure whether the prices will increase or decrease, so buying the right digital assets is crucial.

How anonymous are cryptocurrencies?

Cryptocurrencies are not as anonymous as cash. However, the systems, especially in the new cryptocurrency trading platforms, allow users to enjoy a high level of privacy. If used correctly, you can make your trades confidentially. However, cryptocurrency trading is not entirely anonymous. Records are still left within the system to help investigate possible scams within the platform.

What happens when cryptocurrencies are lost?

Losing your cryptocurrencies can be extremely frustrating. After all, you spent money mining and buying them. It is a problem that can occur even to users of a top cryptocurrency trading platform. Lost cryptocurrencies remain in the blockchain circulation, unlike misplaced money that can go in someone else’s pockets or just under your couch. Once they are lost, they remain dormant because of the private keys needed to access them. Also, since the production of cryptocurrencies is limited, what remains in the market will continue to increase their values.

Are cryptocurrencies taxable?

There have been significant debates by government institutions about whether cryptocurrencies should be taxed. During the first years of cryptocurrencies, they are set to be untouched by taxes. However, as they grow in value, they slowly become subjected to taxing, but specific guidelines still apply. For instance, mined cryptocurrencies using hardware and mining pools will only be taxable if they are traded and used to buy goods and services. Acquiring them will not make them taxable. However, once you start involving third parties in the transactions, that’s where taxes enter.

What determines cryptocurrencies' price?

Supply and demand mainly determine the cryptocurrencies' values. Since there are still limited digital assets out there, we are only circulating what we have. If there is a high demand, then the prices are expected to increase. However, one concern about cryptocurrencies is that they can go worthless over time. Once people don't find any use for them, they can become useless and obsolete. Nevertheless, with the continuous improvement in technology, cryptocurrencies' value is predicted to be far from going stale.

Is it challenging to obtain cryptocurrencies?

Unlike before, when cryptocurrencies were only obtained by mining, getting digital assets are accessible now. You can join mining pools or digital platforms that allow you to mine them easily. You can also get them from selling services online and simple digital asset trades.

What is the right time to sell cryptocurrencies?

The best time to sell cryptocurrencies is when the price increases to 25% of your original buying price. Unless the prices reach that high, you should wait a little longer. This increase ensures that you are getting the most out of your investment.

Are there fake cryptocurrencies?

Yes, there are fake cryptocurrencies in the market. When cryptocurrencies were first introduced, several other types sprung. Due to the hype, there are hundreds of digital assets in the market. However, aside from the established cryptos, there are only a few legitimate alternatives.

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