Best Crypto Exchanges Compared

The best crypto exchanges with us in direct comparison.

Get direct access to the most reputable crypto exchanges where you can buy crypto currencies easily and seriously.

In our large crypto exchange comparison, we show you what you should pay attention to and what makes a reputable exchange for crypto currencies.

Our best crypto exchanges in comparison

# Offerer Valuation Cryptos Payment methods Fees
1 eToro 4.5/5 120 9 1 %
2 Bitvavo 4.5/5 180 9 0.25%
3 Uphold 4.5/5 215 7 0.8%
4 Binance 4/5 350+ 5 0.1%
5 Coinbase 4/5 170 7 0.5%

Top 5 Crypto Exchanges At A Glance

eToro n 1 384x128 1
security
98%
fees
87%
user friendliness
97%

Minimum deposit

50€

Fees

1%

Max leverage

2:1

Payment Method

Bankueberweisung n
PayPal n
Mastercard n
VISA n
Sofortuberweisung n
Skrill n
Neteller n

Cryptocurrencies

Test result

94%

11/2022

Excellent

Blockzeit.com

Disclaimer: 78% of retail CFD accounts lose money Crypto investments are powered by eToro (Europe) Ltd. offered and the custody is carried out by eToro Germany GmbH. Your capital is at risk.

bitvavo logo 384x216 1
security
89%
fees
95%
user friendliness
92%

Minimum deposit

€10-50

Fees

0.25%

Max leverage

1:1

Payment Method

PayPal n
Bankueberweisung n
Sofortuberweisung n

Cryptocurrencies

Test result

92 %

11/2022

Very Good

Blockzeit.com

Disclaimer: Your capital is at risk!

uphold
security
92%
fees
89%
user friendliness
88%

Minimum deposit

€1

Fees

from 0.8%

Max leverage

1:1

Payment Method

Bankueberweisung n
VISA n
Mastercard n

Cryptocurrencies

Test result

90 %

11/2022

Very Good

Blockzeit.com

Disclaimer: Your capital is at risk!

Binance n 1 384x128 1
security
78%
fees
98%
user friendliness
85%

Minimum deposit

€0

Fees

from 0.1%

Max leverage

100:1

Payment Method

Bankueberweisung n
Mastercard n
VISA n

Cryptocurrencies

Test result

88 %

11/2022

Good

Blockzeit.com

Disclaimer: Your capital is at risk!

Coinbase n 1 384x128 1
security
88%
fees
84%
user friendliness
88%

Minimum deposit

€2

Fees

from 0.5%

Max leverage

1:1

Payment Method

Bankueberweisung n
Mastercard n
VISA n
Sofortuberweisung n

Cryptocurrencies

Test result

86 %

11/2022

Good

Blockzeit.com

Disclaimer: Your capital is at risk!

A Direct Comparison of Our Top 5 Crypto Exchanges

Buying cryptocurrencies begins with finding the best crypto exchange. There are many to choose from and with differing transactional fees and user experience. We therefore compare our top crypto exchanges to make it easier for you to choose.

What are Crypto Exchanges?

Cryptocurrency exchanges are websites where you can buy, sell, or exchange cryptocurrencies for other digital or fiat (government-backed) currencies like the US dollar (USD) or the Euro (EUR).

Cryptos have existed for a while now, and the marketplaces for trading them began to be popular around 2014. However, it was not until the 2017 bull run that many crypto trading platforms began mushrooming. According to CoinGecko, there are 608 cryptocurrency exchanges, with Binance and Coinbase being the two largest ones globally.

eToro

eToro is a huge hub for both Fiat and crypto traders with over 27 million registered traders. eToro provides traders and investors with comprehensive crypto trading experience. In addition, users can deposit on eToro using different payment methods available on the platform.

No deposit fees apply to deposits in USD. Other fees may apply when transacting and withdrawing funds. You will however pay $5.00 when withdrawing. A 1% fee also applies to traders who open new positions while trading.

eToro wallet, eToroX charges no fees for sending or receiving transactions. Blockchain fees are, however,  applicable for sending and receiving cryptocurrencies. eToro has over 3000 financial assets available for trading. They include stocks, Crypto, bonds, CFDs and synthetic indices.

Additionally, some asset classes, such as stocks and crypto assets, offer direct ownership of the underlying assets, which users buy and hold in each client’s name.

Bitvavo

Bitvavo is one of the leading exchanges in Europe that offers tailor-made services for investors and traders. It has an advanced interface and several order types for different strategies.

The exchange is based in the Netherlands and registered with the Dutch Central Bank (DNB). On this trading platform, you can trade over 200 different cryptocurrencies. The exchange also accepts different deposit methods, including SEPA and PayPal. You can find more on their website.

Payment Methods Bitvavo

As of the time of writing, Bitvavo’s 24-hour trading volume was $126,640,507.80, according to CoinMarketCap. Bitvavo trading fees for traders are at 0.25%. The exchange also offers a small discount to traders, who trade for 0.15%. The withdrawal fee stands at 0.0005 BTC

Uphold 

Uphold is a multi-faceted exchange platform that also features a forex trading app and an online brokerage. The platform is easy to use, and the signup process is quick. All you need is your basic information to go through a verification process.

Payment Methods Uphold Exchange

The exchange is user-friendly, with an easy setup to help you trade well once your deposit is made. However, a 3.99% fee applies on deposits made through a Visa card. For most traders, a 1.2% spread fee applies, making it somewhat expensive to use the platform.

You can get started on uphold for as little as $10. Uphold uses safe encryption and layered defenses to limit hacking. Moreover, uphold exchange never lends our money and is fully 100% backed.

Binance 

Binance is a centralized crypto exchange based in Cayman Islands. It has an easy sign-up process and the lowest transaction fees of any major exchange. Additionally, Binance has over 180 crypto assets.

Binance has many different crypto assets available. The deposits are free and users can deposit through Debit & Credit Cards, Wire Transfers, bank payment (ACH), PayPal, skrill, and also cryptocurrencies.

The exchange has spot, margin and futures trading, crypto lending, and even staking, where you can earn interest on your crypto holdings. The platform has Binance pay, which acts as a payment gateway and can be used for P2P payments.

Coinbase

Coinbase is a US-based exchange that offers both a crypto wallet and an exchange. The platform is user-friendly with rock-solid security. It has excellent customer service, responsive, and solves issues fast.

On Coinbase, you can earn $5.00 in free Bitcoin after completing the sign-up process and making the first trade. The sign-up process is easy and fast as long as you have an email and other basic information about you. You will also need to upload some personal documents to help you pass the verification process.

The platform offers excellent support for desktop and mobile, which means that Windows, macOS, iOS, and Android users all get access to the site. It has several funding methods, including a bank account, PayPal, credit and debit cards, and a wire transfer.

The platform has a flat percentage fee on transactions below $200. However, the price is dynamic depending on the operation you are undertaking. Coinbase is a safe and secure exchange with sterling security reputation.

Types of Crypto Exchanges

There are several different types of cryptocurrency exchanges. The categories are based on type of governance. Under this classification, there emerges two broad categories: Centralized and decentralized crypto exchanges.

Centralized Exchanges (CEX)

Centralized exchanges are the most popular type of exchange. They work like a traditional stock exchange, with buyers and sellers coming together in the market, and a central authority processes transactions set price transactions.

The most significant benefit of centralized exchanges is that they’re easy to use. They also offer a more comprehensive range of features and services than other exchanges. The downside of centralized exchanges is that they’re centralized. This means that they’re subject to the whims of government regulation. They’re also more vulnerable to hacking and other security threats.

Pros

  • Easy to get refunds in case of an exchange hack.
  • Easily access your funds.
  • Low fees on large transactions.

Cons

  • Liable to regulatory restrictions and jurisdictions.
  • They are easily and frequently compromised.

Decentralized Exchanges (DEX)

Decentralized exchanges (DEXes) are designed to be more secure and resistant to system breaches. For DEXes, liquidity is automated, and there is no need to be active buyers and sellers for your trade to be executed. DEXs run on liquidity pools.

Users are incentivized to contribute liquidity to different types of collections in return for a share of the fee generated by that pool. The most significant benefit of decentralized exchanges is that they’re more secure and generally more resistant to government regulation.

Pros

  • Guarantees safety of crypto users due to anonymity
  • Users are in full control of their funds
  • Variety of cryptocurrencies to trade from

Cons

  • Transactions are irreversible.
  • High fees on some blockchains like Ethereum.

Peer-to-Peer Exchanges 

A Peer-to-peer exchange is a type of DEX that allows users to buy and sell crypto from private sellers. A P2P crypto exchange is similar to eBay in the traditional world. Best examples of P2P exchanges are LocalBitcoins, localcryptos, Paxful, and Localcoinswap. Good P2P exchanges have significant volumes and activity. Some allow for cash transactions like personal meetups.

Pros:

  • You get access to funds fast.
  • The transactions are safe because of the use of escrow.
  • Transactions are transparent.

Cons

  • There have been so many disputes over the other party not completing their end of transaction.
  • High exchange rates which are dependent on the dealer.

How Does a Crypto Exchange Work?

Crypto exchanges allow users to buy and sell crypto. To enable this, the exchange compiles buy and sell orders using an order book and sorts them by price, matches, and executes them.

There are many types of orders. However, they are combined into two major types: market and limit orders. The exchange trades your funds at the best market price in the order book according to the market order. The limit order instructs the exchange to place an order at a specified price.

Additionally, most exchanges keep most of their clients crypto in cold wallets. Only a small quantity is available on hot wallets for transactions.

How to Identify a Good Crypto Exchange?

While many cryptocurrency exchanges are in operation today, not all of them are legitimate. Here is what to look at to identify several legit cryptocurrency exchanges.

Regulatory Compliance

Cryptocurrency exchanges are subject to regulation by government agencies in some countries. A government-regulated Exchange is more likely to be serious. It will have strong anti-money laundering (AML) and know-your-customer (KYC) compliance programs.

Security Measures 

Hacks and security breaches are becoming more common, and you don’t want to risk losing your coins. The best way to check an exchange’s security track record is to do a quick Google search.

Most recently the issue of crypto exchanges operating without 100% reserves has taken center stage. A good example is the FTX exchange which crambled recently causing a market-wide crash.

Number of Listed Cryptocurrencies

Best exchanges offer a wide selection of cryptocurrencies. They are also more likely to have higher liquidity that can support trading activity. Moreover, the more the crypto assets for trading, the more the trading pairs.

Deposit Methods

Different exchanges have different deposit methods. Some of them include bank transfers, card deposits, and electronic platforms like PayPal, skrill, Neteller, Payoneer, and many others. The deposit methods may also include local money transaction platforms depending on your country of residence. A good exchange will have a wide variety of deposit methods.

Fees 

An exchange with a lower fee structure on deposits, withdrawals, and trading services is ideally the best to use. You do not want to part with all your profits as withdrawal fees during cashing out. Binance is among the cheapest exchanges with the highest liquidity in the space.

Number of Users 

Cryptocurrency exchanges with many users are generally safer to use. The large number of traders shows that they trust the platform. They say “there is safety in numbers” and the saying couldn’t be more true in this situation. eToro has over 2.7 million registered users, making it one of the largest trading platforms globally.

Best Crypto Exchanges for Swiss Traders?

Switzerland-based crypto exchanges where you can buy Bitcoin and crypto include eToro,Binance, Coinbase and Bitvavo. There are others that are also reputable worldwide and will be updated here with time. Using the platforms is also easy, from signing up for an account to depositing and trading. Deposit and trading fees vary from one exchange to the other. However, here you can easily narrow down the best crypto exchange according to your needs:

  • Etoro– Best for high security, regulatory compliance and for beginners.
  • Binance – Best for advanced traders, high liquidity, high security and reliability.
  • Coinbase – Best for free deposit, U.S and Europe traders, high liquidity and for beginners.
  • Bitvavo – Best for Swiss traders, high liquidity, and advanced traders.
  • Uphold – Best for beginners, US and Europe crypto traders, security, and high liquidity.

Conclusion

Crypto currency exchanges exist to help investors and traders interact more with the digital assets. Depending on the digital assets you are interested in, crypto exchanges will help buy, invest and trade better. Therefore choosing the best crypto is very important for your growth financially. You need a secure, regulatory compliant and an exchange that has lower fees for transactions and trading

FAQ

What is the most secure exchange for crypto?

Binance is the most secure crypto exchange. It has a mandatory 2-factor verification which ensures the safety of clients’ money. Moreover, they published their proof-of-reserve snapshot and are currently working on a proof-of-reserve Merkle Tree. Binance has over $69 billion worth of crypto assets in its reserves.

Which is the best exchange for beginners?

The best exchange for beginners is eToro. It has a very easy-to-use platform, and customer service is always ready to assist. Besides, the eToroX wallet is the best for providing an easy flow of experience on the platform and storing your coins as a beginner.

I am new to crypto, where do I start?

You must do your due diligence on projects you want to engage in. Afterwards, make a list of coins you want to buy. Find a good exchange and ensure that you have a wallet. A good exchange offers a wide variety of cryptocurrencies to choose from.

Is there a better exchange than Coinbase?

Binance is a better exchange. It has great service features like P2P trading, the Binance exchange. The fee is quite considerable and also offers different deposit methods that you can choose from. The platform also doubles as a staking and savings platform.