What is the safest crypto exchange?

Exchange Keeps Nearly 99% of Users' Digital Assets in Offline Storage. From financial institutions to everyday investors, more and more people are interested in cryptocurrencies these days. To get in on the action, you need a Crypto Exchange account where you can buy and sell digital currencies, such as Bitcoin, Ethereum and Dogecoin. To help you choose the right account for your needs, Forbes Advisor reviewed the top platforms to determine the best cryptocurrency exchanges available today.

Binance, USA. The US, a national exchange led by global cryptocurrency powerhouse Binance, offers many of the advantages of its parent company, including low industry fees and a wide range of cryptocurrencies available for trading. However, more advanced users can take advantage of a large number of types of trading orders, including limit, market and stop-limit, as well as two powerful trading dashboards packed with important data, such as spot price and 24-hour highs and lows and trading volume. New users who are happily unaware of what a candlestick chart is (let alone how to read one) may feel overwhelmed and should stick with the Buy Cryptocurrency tab until they get a better lay of the terrain.

Coinbase's 100-odd tradable cryptocurrency should satisfy the majority looking to break into the crypto space, such as those hoping to hook their wagons to Bitcoin and Ether, but sadly, you'll have to go somewhere else to invest in the highly memorable Dogecoin. It's not necessarily a bad thing for your long-term assets. But this convenience comes at a cost. Its confusing fee structure charges you more than you would for making the same purchase on the company's Coinbase Pro platform, which is also free to use.

That said, if you're ready to level up and go Pro, you'll likely find lower fees on most major crypto exchanges, unless you trade above a million monthly. Like its industry-leading international counterpart, Binance, USA. UU. offers a still wide range of cryptocurrencies, from pillars such as Bitcoin and Ether to BNB, the platform's proprietary stablecoin.

The latter is important because frequent traders can reduce trading costs by 25% by converting their investment dollars to BNB. offers two complete market dashboards, called Simple and Advanced, with real-time market data. As mentioned in their Best Overall article, Binance, USA. In the US, it allows multiple types of orders, including limit, market, and stop-limit, which should cover most of the needs of cryptocurrency traders, as well as over-the-counter (OTC) trading.

You can perform these operations using U, S. However, it's important to note that Binance, USA. In the US, it does not currently support margin trading, a risky practice that allows traders to use borrowed money to amplify profits while increasing the amount they can lose. That's why it's generally not recommended for beginner or even intermediate investors.

Regulators are currently investigating how to handle cryptocurrency margin trading, and big names like Coinbase Pro have recently stopped margin trading in the U.S. UU. Those who are determined to use margin to trade cryptocurrencies can look to Kraken, which has slightly higher trading fees that similarly decrease for high-volume traders. Crypto Exchanges Founded in the Paleolithic Cryptocurrency Era (201), Kraken Offers Strong Range of Coins with Low Fees.

Just like on Coinbase, Gemini may be the best thing for beginners looking to dive into the waters of cryptocurrencies. Their convenience and ease of use come with a higher (and confusing) commission structure that can pay off as you learn the ins and outs before graduating to their lower-cost spot (or other platform) trading options. Another great success when it comes to the large number of coins available, KuCoin provides access to an extensive library of altcoins at low rates. Bitstamp, one of the first participants in the cryptocurrency exchange space, currently offers a fairly limited range of cryptocurrencies, although these may be enough to satisfy most traders.

BitFlyer offers a very limited range of currencies, but very low trading costs, making it an ideal option for those who want to trade a large amount (or a little) of a small variety of cryptocurrencies. A cryptocurrency exchange is a marketplace where you can buy and sell cryptocurrencies, such as Bitcoin, Ether or Dogecoin. Cryptocurrency exchanges work much like other trading platforms that you may be familiar with. They provide you with accounts where you can create different types of orders to buy, sell and speculate on the cryptocurrency market.

Some cryptocurrency exchanges support advanced trading features such as margin accounts and futures trading, although they are less available to the U.S. Others have features such as cryptocurrency staking or crypto lending that allow you to earn interest on your cryptocurrency holdings. The best exchanges offer educational offers to keep you up to date on everything related to cryptocurrencies. Centralized cryptocurrency exchanges (CEX) are managed by an organization.

Centralized exchanges make it easy to start cryptocurrency trading by allowing users to convert their fiat currency, such as dollars, directly into cryptocurrencies. The vast majority of cryptocurrency trading takes place on centralized exchanges. Some cryptocurrency enthusiasts oppose centralized exchanges because they go against the decentralized spirit of cryptocurrencies. Worse still for some cryptocurrency users, the company or organization may require users to follow Know Your Customer (KYC) rules.

These require each user to disclose their identity, as you would when applying for a bank account, to combat money laundering and fraud. To address this risk, centralized cryptocurrency exchanges have tightened security in recent years. Among other strategies, they now store most of customer assets offline and take out insurance policies to cover cryptocurrency losses in the event of hacking. If you like the convenience of a centralized exchange, you can reduce your risk by transferring cryptocurrencies to a separate, off-the-exchange, hot or cold wallet.

The problem is that decentralized exchanges are much less user-friendly, not only from an interface standpoint, but also in terms of currency conversion. Decentralized exchanges, for example, don't always allow users to deposit dollars and exchange them for cryptocurrencies. This means that you already have to have crypto or use a centralized exchange to get crypto, which you then use in a DEX. You are also likely to participate in direct peer-to-peer trading.

This means that it may take you longer to find someone who wants to buy what you're selling, and if liquidity is low, you may need to accept price concessions to buy or sell a low-volume cryptocurrency quickly. There are nearly 600 cryptocurrency exchanges around the world that invite investors to trade bitcoin, ethereum and other digital assets. But costs, quality, and safety vary widely. With an Emphasis on Regulatory Compliance, Forbes Digital Assets Ranked the World's Top 60 Cryptocurrency Exchanges.

Trading fees can be charged as a fixed percentage of the amount of crypto you buy or sell, or an exchange can differentiate between orders that are creators and those that are takers, charging a different percentage accordingly. At a basic level, makers are orders that add liquidity to an exchange, which means they don't comply with standing orders. Meanwhile, takers remove liquidity from an exchange by completing orders that are waiting for a trade. Depending on the exchange market, maker fees are usually slightly lower than taker fees, although this is not always the case.

While the ideal is to choose an exchange with the lowest costs, putting too much emphasis on the ins and outs of maker and taker fees can be counterproductive. This is because you can't choose whether your order is processed as a maker or taker. Instead, it's best to consider the general fees and discounts available to trade a certain amount each month or take into account an exchange's native cryptocurrency. Many exchanges charge fees for withdrawing coins from their platform.

This can be a problem if you prefer to move your cryptocurrencies to a secure third-party wallet or to another exchange. Withdrawal Fees Usually Vary by Crypto. If you plan to withdraw your cryptocurrencies from an exchange, you should choose a platform that allows a certain amount of fee-free withdrawals, such as Gemini. If you make purchases with a credit or debit card, you may be charged a premium by both the marketplace and your card issuer.

This is why it's best to buy crypto with cash or bank transfers. Beyond fees, when choosing the best cryptocurrency exchange for your needs, consider things like security, trading volumes, educational resources and whether an exchange lists the cryptocurrencies you're interested in buying. As cryptocurrencies have become more popular and valuable, they have become a big target for hackers. Major Exchanges Like Binance and KuCoin Have Been Hacked, Leading to Tens of Millions of Dollars in Losses.

While exchanges often refund those whose coins are stolen, no one wants to be in that position in the first place. You can minimize your risk by distributing your cryptocurrency purchases across multiple exchanges. Alternatively, make a habit of moving your cryptocurrency holdings out of an exchange's default wallet to your own secure “cold” wallet. These are storage options that aren't connected to the Internet, making them almost impossible to hack, although you'll need to carefully register your access code or you could lose access to your cryptocurrencies forever.

If you are an advanced cryptocurrency trader, you may want to ensure that your preferred exchange offers the types of trading, such as limit orders, that can prevent slippage by setting a hard price and spread that you want. Remember that the types of operations involving the latter continue to evolve in the U.S. If you're just starting out with cryptocurrencies, look for an easy-to-use platform with lots of educational resources to help you understand this complex and rapidly developing market. Finally, don't assume that there is an exchange available in your country, or even in your state, just because you can access your website.

Many state and federal governments are still figuring out how exactly they want to treat cryptocurrencies from a legal and fiscal standpoint. To buy cryptocurrency, you'll need to create an account on a cryptocurrency exchange. You may need to get a crypto wallet to hold your cryptocurrency, or your exchange may provide one. Be Careful When Choosing a Cryptocurrency Exchange.

Some platforms offer wallets that don't allow you to transfer your coins outside the platform. This can create security risks if the exchange is hacked, or tax problems if you ever wanted to get your cryptocurrencies off the platform. You would have to sell and buy back your coins, which could cause you to make some capital gains. Once you've chosen an exchange and a wallet, you can buy crypto by transferring US, S.

Dollars in your account via ACH or bank transfer. You can even buy cryptocurrency with a credit or debit card, although this can lead to additional fees, some of which can be quite high, possibly up to 5% of your transaction. Some cryptocurrency exchanges will allow you to use other cryptocurrencies or their own branded stablecoins to fund transactions. Exchanges have different requirements, depending on the type of cryptocurrency you want to buy.

You may be able to buy fractional penny stocks or just a few dollars. Be sure to check the requirements of the chosen cryptocurrency exchange for the currency you want to buy. Kraken Most Secure Crypto Exchange, Says External Cybersecurity Evaluator CER. While CER provides a good place to start evaluating the security of cryptocurrency exchanges, you'll also want to consider whether your cryptocurrency exchange stores most of the clients' assets offline, if it has security measures such as two-factor authentication, and whether it ensures that coins protect their value in case of a hack.

Taylor is an award-winning journalist who has covered a variety of personal finance topics in the New York Times, Newsweek, Fortune, Money Magazine, Bloomberg and NPR. He lives in Dripping Springs, TX with his wife and kids and likes barbecue tips. Many companies listed on Money advertise with us. The opinions are our own, but compensation and in-depth research determine where and how companies can appear.

Learn more about how we make money. Commission-free and social platform to discuss strategy with other investors Platform rewards users for consuming educational material Uses high account limits to verify buyer integrity, but not identity No fees (spread fees still apply) Crypto exchanges are where traders can buy, sell, and convert different cryptocurrencies. They are necessary for cryptocurrencies to be traded at the scale they have today. Some exchanges offer the most competitive prices or speeds, while others offer specialized financial products.

Read on to learn about the best cryptocurrency exchanges, how they work, and which one you should choose. If you're familiar with cryptocurrencies, you've probably already heard of Coinbase. The exchange is one of the largest and best known in the U.S. The Coinbase platform does a great job of lowering the barrier to entry to investing in crypto, with a simple onboarding process that makes it easy for users to trade.

At the same time, its interface makes navigating the platform and managing cryptocurrencies a seamless experience. Coinbase also has a wide and accessible variety of learning materials. Users are encouraged to use these resources through the Coinbase Earn program, which teaches how to trade specific cryptocurrencies and rewards users with free cryptocurrencies. Users who enjoy Coinbase but want more advanced trading and charting features may want to take a look at the company's other exchange platform, Coinbase Pro.

It also offers discounts for using the company's proprietary cryptocurrency (BNB) to buy and sell other currencies. For those who want to buy cryptocurrencies directly, many of the exchange's cryptocurrencies can be purchased with USD, saving them money in conversion fees. This variety of discounts and call options benefits advanced users who can also enjoy the platform's full market panels, margin trading, and a variety of order types, including limit orders, market orders and stop limit orders. Binance (US).

Not available in Hawaii, Idaho, Louisiana, New York, Texas, and Vermont. In addition, its platform has successfully completed several penetration tests, which are simulated cyberattacks performed to assess system security, and has proven its funds over the years. Other notable features are its non-custodial DeFi wallet, which allows users to send cryptocurrencies at their preferred speed and earn interest on tokens, margin trading, prepaid Visa cards for spending cryptocurrencies, and crypto loans. Where most cryptocurrency exchanges offer bonuses and discounts for high-volume trading, BlockFi has chosen to create financial products that suit conservative traders.

The exchange's highlight is its BlockFi interest account, which offers up to 9.5% APY as monthly compound interest to crypto investors who store their assets in the account. The platform also allows users to use existing bitcoins as collateral for a loan. In addition to its innovative financial products, BlockFi also has an affordable fee structure and a strong cybersecurity infrastructure. The exchange charges spread and withdrawal fees, but not transaction fees for trading on its exchange.

To keep your data safe, BlockFi uses tools such as two-factor authentication and the allow list, which allows users to prohibit withdrawals or restrict them to certain addresses to prevent theft. Consumers should be aware that decentralized finance (DeFi) products and services such as BlockFi carry significant risks related to software technology, the assets involved, and regulatory compliance. Formerly known as Bitsquare, Bisq brings the clean, easy-to-use interface and extensive coin support of centralized exchanges to a decentralized environment. The platform is based on open source software, which means that its design is publicly available, and the project is funded by personal savings and donations from its user community.

Bisq does not need a third party to transact with cryptocurrencies, nor does it require users to submit personal information to trade on the platform. It's a great alternative for Bitcoin fans looking for a wide variety of currencies to trade, including altcoins like Cardano, XRP, and Dogecoin. In fact, it's not typical for decentralized exchanges to support so many digital assets and fiat currencies. In addition, the platform's security features, such as multi-signature and a security deposit system, enhance the inherent security and privacy of decentralized exchanges by ensuring that both parties act honestly and have complete control of their funds during the trading process.

The following trading platforms are excellent options, especially for newer traders. However, they are not exchanges dedicated to cryptocurrencies or bitcoins, but they mainly trade with other securities, such as stocks and futures. For this reason, we decided to include them separately. Despite Entering the Mainstream, Cryptocurrencies Can Still Be a Confusing Topic for Investors of All Levels.

How exactly do they work? What are the different types of exchanges and how are they different from crypto wallets? Read our guide to understanding the ins and outs of cryptocurrency exchanges. Cryptocurrency exchanges are platforms where users can exchange digital currencies for other assets, including cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and regular currencies, such as the U.S. Exchanges are an essential part of the crypto ecosystem because most traditional investment firms don't offer cryptocurrencies in their portfolios. Without exchanges, you would have to find another person willing to trade cryptocurrencies and agree on an exchange rate.

Then, you would have to send the coins directly to each other's cryptocurrency wallets, a somewhat convoluted process. Cryptocurrency wallets and exchanges are essential tools used to manage cryptocurrencies. Wallets are meant to keep your crypto funds safe, while exchanges are trading hubs where users convert fiat currencies to digital and buy or sell cryptocurrencies based on current market rates. Serious traders are encouraged to maintain a separate cryptocurrency wallet to deposit any currencies they are not actively trading with.

This is because you could lose all your digital assets if the exchange is hacked. While you'll be responsible for protecting, backing up and managing your own funds, standalone digital wallets are a much safer alternative to protecting most of your cryptocurrencies. How cryptocurrency exchanges work depends on their type of platform. Most cryptocurrency trading platforms are known as centralized exchanges, which function as a brokerage, acting as intermediaries between buyers and sellers.

Users can deposit money on exchanges to buy cryptocurrencies or deposit their own cryptocurrencies to trade for other currencies, which is known as crypto to crypto spot trading. Traders can expect to pay a fee for converting one cryptocurrency to another, such as when exchanging regular currencies in a bank (for example, converting USD to EUR). Dedicated crypto and bitcoin exchanges will allow you to withdraw your crypto funds and transfer them to another wallet of your choice. Others, especially those that focus on other assets, such as stocks like Robinhood and eToro, only allow you to buy the cryptocurrency, but not transfer it from your web wallets.

Centralized exchanges are the most common and traditional type of crypto exchange. They are owned by private companies and offer investors a platform to trade cryptocurrencies. This type of exchange tends to have higher trading volumes and liquidity and a greater number of trading pairs. Centralized exchanges are often considered a good option for new cryptocurrency traders due to their better onboarding and user interface, availability of customer support, and insurance in the event that the platform's systems fail.

The main problem with this type of exchange is that users are inherently more vulnerable to hacking attacks. Some users are also uncomfortable sharing their private data in the KYC process. Decentralized Exchanges Follow Bitcoin Spirit by Trading Without a Central Point of Control. Servers for this type of exchange are spread across all computers located around the world, which means that if a computer is attacked, the network continues to work.

This alone attracts many users who fear losing their cryptocurrencies due to a security flaw in a company's trading platform. Where centralized exchanges function as brokerages, decentralized exchanges are more like markets. They facilitate peer-to-peer trading and have a less rigid registration process. The main drawbacks of decentralized exchanges include lower trading volume, low liquidity, a generally poor user interface, and lack of customer support.

Hybrid exchanges are part of a new generation of cryptocurrency trading platforms that aim to offer the best of both worlds. It aims to overcome the limitations of older exchanges by offering the greater functionality and liquidity of centralized exchanges, along with the security advantages of decentralized exchanges. Hybrid exchanges have fast transaction speeds without compromising the privacy of their users, but they are still a relatively new development in the cryptocurrency world. Time will tell if they will succeed or struggle due to high costs, limited scalability, and limited assets.

Crypto Exchanges Charge Multiple Fees, and It's Not Always Clear Why You'll Be Charged Exactly. Network fees are paid to cryptocurrency miners, who process and secure crypto transactions on the blockchain. Many centralized cryptocurrency exchanges incur this cost, although some may allow their users to pay more in miner fees to speed up transaction speeds. Users of decentralized exchanges generally have to pay themselves, as there is no third party between them and crypto miners.

When choosing a cryptocurrency exchange, the main thing to look for are functionality and security measures. The exchange of your choice should have most, if not all, of the features you expect to use, whether they are fiat currency trading pairs, liquidity aggregation, or specific altcoins and stablecoins you want to trade with. It should also provide additional lines of defense, such as two-factor authentication and Bitcoin locks, which help against hackers. Ease of use is another factor to consider and is especially important for newer traders who may struggle to use platforms with a less intuitive user interface.

However, advanced operators can also benefit from greater usability. It's also important to consider geography. Not all markets are available in the U.S. U.S., Some Only Operate in Certain States.

When looking for a cryptocurrency exchange, it's essential to watch out for fake websites and mobile apps. Even if the platform looks legitimate, make sure to check for misspellings in the text, inauthentic markup and, in the case of a website, if there is a small lock icon indicating security near the URL bar. Similarly, it's important to remember that, aside from scams, cryptocurrency trading can be dangerous. Cryptocurrencies are highly volatile, meaning they are subject to sudden increases and decreases in values that even the wisest investors can't predict with certainty.

Financial advisors recommend that if you invest in cryptocurrencies, be careful and keep them below 5% of your total investments. Each cryptocurrency exchange has its own registration and configuration process. Some marketplaces may allow you to open an account without verifying your identity or sending sensitive information. Others will require new users to undergo an extensive “Know Your Customer” (KYC) process to meet U.S.

Government Regulations Aimed at Preventing Money Laundering and Fraud. The registration process usually begins with a request for your personal information, followed by an email to confirm your address. Some exchanges may also request a copy of a utility bill sent to your physical address and ask about your interest in trading cryptocurrencies. Then, you'll need to add a payment method to deposit funds on the exchange and start buying and selling cryptocurrencies.

Socially Conscious Investors Continue to Buy Cryptocurrency Despite Environmental Concerns Surrounding Technology. ESG assets, those that comply with environmental, social and governance factors, are popular with younger investors, but so are cryptocurrencies. While this may seem like a contradiction, these investors may be investing in assets that have less of an impact on the environment. There is no better exchange for each user.

However, some of the features shared by the best cryptocurrency exchanges include robust security tools, low fees, several payment options, an accessible platform, and availability on both mobile and desktop devices. Cryptocurrency exchange fees are complicated and can be a source of great frustration, especially when the cost of a trade suddenly increases due to unexpected charges. We analyzed 20+ cryptocurrency exchanges and evaluated them based on cost, security and user experience. Other factors we consider include cryptocurrency selection, payment options, and trading volume.

We mainly focus on dedicated cryptocurrency exchanges and looked at trading platforms that allow you to trade other securities. Security: Users should feel that their cryptocurrencies are safe on their trading platform, which is why security breach prevention measures and secure account management methods are essential elements. We analyzed the history of each platform to keep the funds and information of its users safe and considered whether they offered insurance to users in the event that they lost their money due to an error on their part. User experience: Regardless of whether you are a beginner or an expert, an exchange that is easy to use and navigate is always an advantage.

We consider the mobile and desktop interface of each cryptocurrency exchange and prefer those with more intuitive designs. We also looked at the educational content and research tools available to users. Cost: Fees can be a headache for users, especially for those who operate with high frequency. We were in favor of cryptocurrency exchanges that offered lower fees or ways to reduce those fees.

We also value transparency when it comes to their fee structure. Security should be your top priority no matter what cryptocurrency exchange you use. Here, we will list the safest exchanges for trading cryptocurrencies. Cryptocurrencies are generally bought and sold on exchanges, where individuals can exchange them for other digital assets or conventional fiat money.

There are dozens of cryptocurrency exchanges with a high trading volume, and so choosing the right one can be a bit overwhelming, especially for beginners. But, beginner or not, you don't want to move your hard-earned money to an unreliable or insecure platform. So, what are the safest cryptocurrency exchanges? Let's find out below. Despite Global Availability, Kraken Has Not Committed on the Security Front to Meet Demand.

In fact, it's one of the safest cryptocurrency exchanges out there. Like all trusted exchanges, Kraken stores the vast majority of user deposits offline. Their servers are guarded by armed guards, while employees' access to them is strictly controlled. For starters, Gemini stores most of its cryptocurrencies in cold wallets or hardware wallets, which are not connected to the Internet and, therefore, are not vulnerable to hacking and breaches.

Coinbase has long been a popular choice for both experienced and novice traders, and is one of the largest cryptocurrency exchanges by trading volume. Like Gemini, Coinbase stores most of its cryptocurrencies offline in a cold wallet. In addition, the company claims that 98 percent of warehouses are stored in guarded facilities. Coinbase Supports Trading 100+ Cryptocurrencies, But Fees Are Relatively High Compared to Other Exchanges.

Also, like Gemini, Coinbase isn't exactly an anonymous platform, and you'll need to verify your identity in order to trade on it. Binance is also more than decent when it comes to security. The platform keeps most of the user's funds and assets in cold storage. In addition, all withdrawals and password reset attempts are monitored, while any unusual activity causes withdrawals to be suspended for up to 48 hours.

In addition, the cryptocurrency industry is still in its infancy, so fraud and security breaches are more frequent than one would like them to be. The digital asset market is notoriously volatile, and the privacy features inherent in most cryptocurrencies have attracted all types of criminals. But regardless of the cryptocurrency exchange you choose, arguably the best thing you can do to secure your funds and assets is to withdraw them to your own wallet. Keeping most of your funds in an exchange or in a digital wallet is, in a way, causing problems.

Coinbase is our pick for the best cryptocurrency exchange overall and the best cryptocurrency exchange for beginners. It offers a large number of supported cryptocurrencies and a high level of security. In addition to being a beginner-friendly platform, Coinbase also provides an advanced trading platform, Coinbase Pro, making it a good choice for professional traders. If your cryptocurrency's private keys are stolen, it will be almost impossible to recover your money.

The safest way to protect your digital currency is to use a cold wallet. It's a piece of hardware that you buy and maintain offline, making it nearly impossible to hack it. Most cryptocurrency exchanges also offer rewards for staking (for holding a crypto asset for a set period of time), margin trading, and institutional services. In addition, you'll find that many platforms offer cryptocurrency-backed loans and repayment benefits (e.g.

We've compiled some of the best cryptocurrency exchanges for buying and selling crypto assets. Keep reading to find the best option for you. In addition, Coinbase also recently released the beta version of its NFT trading platform. For a limited time, it offers no transaction fees for creators and collectors using the platform.

Many NFT platforms charge 2.5% per transaction, so Coinbase offers are highly competitive when it comes to pricing (see more about their NFT platform here). Read our Coinbase review to learn more. Coinbase is by far the most popular cryptocurrency exchange and one of the best because you can invest directly with USD. You can currently buy Bitcoin, Ethereum and Litecoin and more than 30 coins and tokens on the platform.

In addition, you can earn interest on your USDT and you can earn token rewards by completing various activities. Read our full Coinbase review here. Gemini is a popular platform for investing in cryptocurrencies, as it was one of the first major exchanges, and today it is one of the largest by assets. Gemini supports most major cryptocurrencies, has decent support and commitment, and pays competitive interest rates on assets, if you qualify.

Read our full Gemini review here. BlockFi is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings. In addition, instead of selling your coins and tokens, you can also borrow against your holdings. Check out our full BlockFi review here.

Uphold offers a simple solution for trading multiple assets, opening an account and trading multiple assets without having to go back to cash. If you've ever traded cryptocurrencies, you'll know that many coins and tokens are only traded on certain pairs, so you'll always return to BTC or ETH. But at Uphold, you can trade multiple assets directly. In addition, Uphold is one of the few exchanges that allow you to trade XRP, DOGE and more.

Read our full Uphold review here. Kraken is one of the original cryptocurrency trading platforms and has a good selection of coins and tokens to trade and invest in. However, it's a real exchange and it's not as easy to use as some of the major platforms on this list. Kraken is one of the few platforms on this list that allows you to trade DOGE and other riskier tokens.

Read our full Kraken review here. With Coinbase, open a Coinbase account and link your bank account or credit card. Then transfer funds from your bank account to buy BTC or buy with your credit card. BTC purchases with a credit card are the most expensive.

Since then, it has grown rapidly and is now the world's largest cryptocurrency exchange by trading volume. Cryptocurrency exchanges work in a similar way to online brokerage platforms, providing you with the tools you need to buy and sell digital currencies and tokens such as Bitcoin, Ethereum and Dogecoin. BitMart offers more assets and trading pairs than its market-leading peers, so investors looking to add newly released or obscure crypto assets to their portfolios are likely to find what they are looking for on this exchange. Due to its large number of supported assets (150+) and its easy-to-use platform, Coinbase has become the go-to exchange for many first-time cryptocurrency buyers.

Unlike most exchanges and wallets, you're basically just exchanging currencies and you're subject to paying taxes on your profits (learn how taxes on your cryptocurrencies work here). Some of the best cryptocurrency exchanges support several payment methods such as bank transfer, PayPal, Skrill, etc. While staff referral reputation and selection rating standards can be used as bookmarks, there are some basic tips that can be considered in choosing the best cryptocurrency exchange. Below are some factors that can be used as markers to select the best cryptocurrency exchange that best suits you.

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