10 Best Bitcoin & Crypto Exchanges

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

If you’re new to investing in crypto, selecting the right exchange is critical. I’ve researched many crypto exchanges and investigated their fee structures, customer service, and more to bring you the 10 best crypto exchanges in 2022

Best Overall
coinbase logo
Editor's Rating    5/5

Coinbase is my #1 pick. It stands out from others for its ease of use, accessibility, friendly customer support, a wide range of currencies supported, quick transfers, and other features. They are my #1 recommended crypto exchange.

World's Largest Exchange
Binance logo
Editor's Rating    4.5/5

Binance is an interactive way to buy, sell, and trade crypto. Trade over 60 cryptocurrencies and enjoy some of the lowest trading fees in the industry. They are the world's largest cryptocurrency exchange for a reason.

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Crypto investing can be confusing, especially if this is your first time in the market. A crypto or bitcoin exchange may have distinct fee structures, support varying currencies, require different documentation, and have varying payment options. 

For example, some allow you to purchase crypto instantly with a credit card. Similarly, exchanges like Coinbase allow you to cash out to your debit card instantly, with a low fee. 

On the other hand, a few may only let you cash out via a bank transfer, which can take days. High-level exchanges can be confusing for beginners who just want to buy crypto and hold it.

Similarly, not all come with built-in wallets that allow you to send crypto to phone contacts. 

The Best Crypto Exchanges in 2022

Comparison of the Top Crypto Exchanges

#1
coinbase logo

Our Partner

Coinbase is supported in over 55+ countries, it is has maintained a great global reputation. Best beginner friendly exchange.

#2
Binance logo

Our Partner

Binance is the largest crypto exchange in the world, and it dominates the field. Offers low trading fees and large amount of coins to trade.

#3

Crypto.com is a cryptocurrency exchange app based in Singapore. It is on a mission to accelerate the world's transition to cryptocurrency.

#4
FTX logo

Our Partner

FTX is one of the fastest-growing and popular cryptocurrency exchanges. Traders have designed the exchange for traders with access to many products. 

#5
Blockfi logo

Our Partner

BlockFi is a simple and user-friendly platform that’s ideal for beginners who are interested in cryptocurrency investing, though it’s not without a few risks.

#6
Voyager Logo

Our Partner

Voyager app is a cryptocurrency broker that allows retail and institutional investors to buy, sell, and trade various digital assets.

#8
#7
eToro Logo

Our Partner

eToro is a social trading brokerage company that focuses on providing copy trading services that has registered offices in Cyprus, Israel and the United Kingdom.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

#8
#8
Gemini Logo

Our Partner

Gemini is one the most trusted exchanges where you can buy and sell cryptocurrencies. It is a very safe and secure platform.

#8
#9
Kraken Exchange logo

Our Partner

Kraken is a US-based cryptocurrency exchange that allows you to easily buy, sell, and trade crypto. It is a high rated platform based upon it's level of security.

#8
#10
Cex.io logo

Our Partner

CEX.IO is a cryptocurrency exchange and former Bitcoin cloud mining provider. As an online digital currency exchanger, CEX.IO offers trading cryptocurrency for fiat money, such as USD, EUR, GBP and RUB.

Methodology

I used a precise methodology to determine which exchanges earned spots on this list. I looked at factors such as: 

  • Trading fees
  • Credit card cash back programs
  • Staking rewards
  • Years in business
  • Third-party reviews
  • Customer support
  • Ease of getting started
  • Payment and withdrawal options
  • Security protocols
  • Investment minimums
  • Leadership teams
  • Availability based on region

While there are other good exchanges, these ten are the most consumer-friendly, safe, and efficient.

Detailed Reviews of Each Crypto Exchange

Here are some of the best-reviewed crypto exchanges today:

1. Coinbase - Best Overall

Coinbase is the best cryptocurrency exchange overall. It was founded by former Airbnb engineer Brian Armstrong in 2012, back when a single Bitcoin only cost $6. 

Despite making it easy for beginners to get started with crypto investing, Coinbase is also perfect for advanced traders. With Coinbase, you can purchase crypto with a debit card, credit card, PayPal, Apple Pay, Google Pay, bank transfers, and wire transfers.

You can fund your account or purchase crypto directly; you can trade your crypto or sell it for USD. Instant USD cashouts are available. 

The Coinbase Wallet is secure and safe, allowing you to sync your contacts to send crypto to friends instantly. There is even a Coinbase Card, available in some regions, that lets you earn up to 4% cashback on purchases. 

It’s no wonder that Coinbase received excellent reviews from analysts at Time Magazine and other publications. 

Coinbase has two parts: Coinbase and Coinbase Pro. Both apps and platforms are free to use. However, Coinbase is geared towards beginners who want to buy, sell, and trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies. 

Coinbase Pro, on the other hand, is an advanced trading platform, allowing experienced traders to place market, stop loss, and other orders. It also offers updated candle charts, which may be confusing to retail investors who only want to invest and not trade. 

Transfers between Coinbase and Coinbase Pro are instant.

Pros

  • Easy to get started
  • Earn 4% cashback with the Coinbase Card
  • Instant cash out to bank accounts

Cons

  • Fees can be high
  • Customer support can take a while to respond

2. Binance - World's Largest Exchange

Binance is the world’s largest crypto and Bitcoin exchange. It was founded in 2017 by Chinese-Canadian businessman Changpeng Zhao.

Binance.US is the US version of the exchange, which supports 60+ cryptocurrencies. The international version supports hundreds more. 

With excellent security and low trading fees, Binance is a favorite among many traders, although long-term investors may prefer trading on Binance and then withdrawing assets to private wallets.

It supports recurring automatic purchases, allowing you to gain from dollar-cost averaging. Another advantageous feature is the built-in peer-to-peer trading exchange. 

Pros

  • Low trading fees
  • $1 billion insurance fund
  • Large coin selection
  • High APY rates for coin staking

Cons

  • Suffered a hack in the past
  • Has faced regulatory issues

3. Crypto.com - Best Crypto App

If you need to do your crypto investing and trading on the go, Crypto.com is worth looking into. Founded in 2016 and based in Singapore, it provides various investing methods, with most services available from the mobile app rather than the desktop website. 

Crypto.com offers a cryptocurrency credit card, with up to 8% cashback on regular purchases and 100% on Netflix, Spotify, and Amazon Prime. However, you need to stake a huge amount of CRO, Crypto.com’s native token, to qualify for these rewards. 

Nevertheless, Crypto.com offers a huge number of currencies, and it is available in all US states other than New York.

Pros

  • Lots of coins available
  • Crypto.com card offers cashback of 1-8%
  • Available in almost all states

Cons

  • Not optimal for desktop investors
  • Must hold CRO to enjoy lower trading fees

4. FTX - Best for NFTs

Founded in 2019 by Sam Bankman-Fried and Gary Wang, FTX is a newcomer compared to platforms like Coinbase. It has a B+ rating with the BBB, which is pretty good as far as crypto exchanges go. 

FTX.US, the US version, only supports about 22 coins, compared to the 250+ on the international version. Still, it’s a solid choice, with top-notch security and fees starting at just 0.10%. 

One of its standouts features is a built-in NFT marketplace, allowing you to buy and sell NFTs (non-fungible tokens). 

Pros

  • Low trading fees
  • NFT marketplace
  • Crypto staking available

Cons

  • FTX.US is limited compared to the global version
  • Not available to users from New York State or Ontario

5. BlockFi - Best Crypto Rewards Card

BlockFi has an excellent credit card rewards program. Founded by Zac Prince in 2017 and based in New Jersey, it allows users to buy crypto, spend crypto with the BlockFi card, earn interest, and even borrow money. 

The BlockFi card offers an introductory cashback rate of 3.5% for the first 90 days (up to $100 in total). After that, rewards start at 1.5% and go up to 2% after spending $50,000 in annual expenses.

BlockFi’s lending program lets you borrow USD against the value of your crypto (up to 50% of your assets). In other words, if you hold $10,000 in BTC, you can borrow $5,000 while using your BTC as collateral.

Lending rates start at just 4.5%, and it is available in 42 states. 

Pros

  • Card has no annual fees
  • No foreign transaction fees
  • Lending is available at a low rate

Cons

  • Only one free withdrawal per month
  • Cashback rewards drop after three months

6. Voyager - Best for Earning Interest

Voyager was founded by Stephen Ehrlich and co-founders in 2017. It supports a decent range of cryptocurrencies, but what makes it stand out from the crowd is its rewards program. 

You can stake dozens of cryptocurrencies and earn staking rewards of up to 12%. These rewards are paid out monthly, in the first week of the month. 

The coins with the highest rewards are Polkadot, with an APY of 12% (minimum balance of 20 DOT), and USDC, with an APY of 9% (minimum balance of 100 USDC). You can also earn boosted rewards of up to 1.5% by participating in the loyalty program. 

VGX is Voyager’s native token. Holding 500-20,000 VGX tokens will get you a spot in the VIP loyalty program, allowing you to benefit from boosted staking rewards on other coins, cashback on trades and purchases made with the Voyager debit card, withdrawal discounts, and more. 

Besides, VGX comes with a staking rewards rate of 7%, which is in addition to the boosted rewards and other benefits. Pre-registration for the debit card is currently available, although cashback rates don’t come close to either Coinbase Card or Crypto.com Card.

Pros

  • High reward rates
  • Monthly reward payouts
  • Recurring buys available

Cons

  • Not available in New York
  • Low debit card cashback rates

7. eToro - Best Social Platform

eToro was founded in 2007 by Ronen Assia, Yoni Assia, and David Ring. Headquartered in Tel Aviv, it has offices in the United States, Cyprus, and other countries. 


Some investors may know eToro as a stock trading and investing tool, but it now offers support for crypto as well. What sets it apart from other stock and crypto exchanges is the social aspect—eToro has pioneered a new method of investing. 


eToro is a social trading platform, meaning that it’s a social network and an exchange built into one. You can follow popular investors, see the risk level in their investing strategies, track their returns, see portfolio breakdowns, and copy their strategies. 


CopyTrader allows you to automatically mirror the trading and investing strategies of the traders you follow. With no management fees, you get to choose the level of risk you are willing to tolerate for the potential rewards you can get. 


A risk-averse investor may copy a trader who uses a low-risk, low-reward strategy. Others may seek quicker gains by following a high-risk, high-reward trader.


Traders are incentivized to make successful trades, as the Popular Investor program rewards those whose trades are copied. The more people copy their trades, the more they will earn—up to 2% of their total assets under management.  

What’s more, eToro’s management team has created its own CryptoPortfolios, which use varied investing methodologies to allocate investment funds for different coins.


eToro lets you buy dozens of currencies, although the eToro Money crypto wallet only supports a few main currencies, such as Bitcoin, Ethereum, and Litecoin. (eToro USA LLC does not offer CFDs, only real Crypto assets available.)

Pros

  • Follow successful traders
  • Automatically mimic successful strategies
  • PayPal deposits available
  • Crypto staking possible

Cons

  • High fees
  • Minimum withdrawal is $30

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

8. Gemini - Best Level of Security

Gemini was founded in 2014 by Tyler and Cameron Winklevoss. It is based in New York and is one of the few crypto exchanges on this list that has a BitLicense to serve New York-based customers. 

If security is one of your main concerts, Gemini is a superb choice. Most of its funds are held offline, in cold storage that is disconnected from the internet, protecting them from hacking attempts. 

While some of its funds are in a “hot” wallet connected to the internet, those funds are insured in case of theft. 

As additional protection, Gemini hires third-party teams to conduct penetration tests at least once a year. In other words, it hires people to try to find vulnerabilities and hack into the system—any detected flaws are urgently fixed. 

You can buy and sell cryptocurrencies on Gemini and earn up to 8.05% APY on select coins. Further, you’ll get the highest APY if you stake the Gemini Dollar, which is tied to the USD.

In other words, you won’t have to worry about holding the Gemini Dollar for years only for its price to tank.

Pros

  • Excellent security
  • High APY rates
  • Available in New York

Cons

  • Complicated fee structure
  • High fees are an obstacle for beginners

9. Kraken - Best International Exchange

It can be tough to find a decent exchange if you live outside the US. Fortunately, Kraken is available in almost the entire world, although debit and credit card purchases may not be in some regions. 

California-based Kraken was founded in 2011, making it one of the oldest exchanges on this list. The company’s CEO is Jesse Powell.

Pros

  • Available in most countries
  • Credit and debit card purchases are available
  • Long-standing company that you can rely on

Cons

  • High fees
  • Slow customer service

10. CEX.IO - Best Payment Options

Finally, we have CEX.IO. It supports credit and debit cards for both deposits and withdrawals. Bank transfer types include SWIFT, ACH, domestic wire transfers, Sepa, and Faster Payments. Skrill and ePay are available as well. 

CEX.IO was founded in 2013 by Oleksandr Lutskevych and is based in London.

Pros

  • Many payment methods supported
  • Based in the UK (not many exchanges are)
  • Low withdrawal fees

Cons

  • Only around 44 coins available to US customers
  • Could improve its customer service

How to Choose the Best Crypto Exchange

Once you’ve determined that a crypto exchange is available in your state, look for low trading fees, easy and affordable withdrawal options, good customer support, and an excellent reward or staking program.

Coinbase fits the bill on all of them, although others are highly-rated as well. Avoid exchanges with limited withdrawal options, high trading fees, no rewards or staking program, and poor customer support. 

Types of Crypto Exchanges

There are two main types of crypto exchanges: Decentralized exchanges, like IDEX, and centralized exchanges, which include all of those on this list. You can further break centralized exchanges into additional categories:

  • Beginner-friendly exchanges (like Coinbase)
  • Advanced trading exchanges (like Binance and Coinbase Pro)
  • Crypto-to-crypto exchanges (these allow you to trade cryptocurrency for another crypto, not just exchange crypto to FIAT)

Quick Summary

Coinbase is the best exchange for beginners and advanced traders. It offers a competitive credit card rewards program, decent staking rewards, exceptional security, and many trading pairs—and it’s available in New York.

Choosing the correct exchange is critical if you want many investing options and don’t want to lose access to your funds, so head to Coinbase.com now to sign up!

Crypto Exchange FAQ's

Are you nervous about getting started with cryptocurrency? We are here with answers to some common questions you might have.

What information will you need when setting up an account?

That depends on the exchange. Typically, you’ll need your name, address, phone number, social security number, and ID/passport. You may also have to provide a recent bank statement confirming your address.

Can a crypto exchange get hacked?

Yes. Crypto exchanges that keep cryptocurrency in hot storage can suffer hacking attempts and theft. However, good exchanges will have adequate security protocols in place to prevent such hacks and be insured against theft.

Should I keep my crypto on an exchange or a cold wallet?

The safest option is to place your cryptocurrency in a cold wallet. You can guard it on an exchange you trust, but there is always the remote possibility that it will get stolen, or the exchange will freeze your account.

What payment methods will a crypto exchange allow?

Most crypto exchanges allow you to buy crypto via debit or credit card and deposit funds via bank transfer. Some also support PayPal, Google Pay, Apple Pay, and other digital wallets.

How do crypto exchanges make money?

Crypto exchanges make money by charging trading fees. In addition, they often charge a fee when buying or selling crypto.

Coinbase

One of the leading cryptocurrency exchanges in the world for beginners. Get $10 Free BTC when you sign up.

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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