If you’re looking to trade a specific cryptocurrency, you’ll want to confirm it’s available through the platform you’re interested in. And, the number of coins on offer can vary widely, from just two (in the case of Fidelity Crypto) to more than 250 (in the case of Crypto.com). Generally speaking, if you’re looking for anything more than Bitcoin, Litecoin and Ethereum, you should probably consider a pure-play crypto exchange rather than a traditional broker with a crypto offering. This becomes clear when comparing the number of cryptocurrencies available at pure-play crypto platforms and traditional brokers below. Lastly, like its global counterpart, Pionex.US offers inexpensive maker/taker fees on spot trades. These range from 0.05% to 0% depending on the crypto pairing and apply to trades made manually and by trading bots alike.
Top apps and exchanges for cryptocurrency trading in May 2024
All USD deposits made to Gemini are FDIC insured, which makes Gemini an attractive option for large-scale crypto traders and institutional traders. Gemini is currently the custodian of over 1 percent of the world’s total Bitcoin volume, and is subject to New York banking law — making it the most secure option for US-based crypto traders. According to a recent tweet by 21Shares, the company shared that AETH, their premier Ethereum Staking ETP, is now on https://www.tokenexus.com/ the LSE. Backed by Ether, it offers performance tracking and reinvested staking yields without asset lock-in, with performance updates provided monthly. Coinbase’s Private Client services are available for high-net-worth individuals and family offices wanting professional advice and guidance from crypto experts. A dedicated account manager provides personalized support and tailored execution strategies for trusts and other personal investment vehicles.
What services do crypto exchanges offer?
You’ll find many articles, videos and how-to guides on crypto and blockchain here. Its rare public status gives investors some badly needed peace of mind in a notoriously opaque sector. The SEC sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities. The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors.
Are Crypto Exchanges Safe?
Coinbase offers more cryptocurrencies than Kraken and more advanced trading products and features. Coinbase offers an Advanced trading platform and a Coinbase One membership for lower trading fees and greater earning opportunities. Moreover, private clients can get curated services, dedicated support, and enhanced security. Bitstamp accepts deposits and withdrawals in both fiat currencies and cryptocurrencies, supporting payments via credit card, debit card, and bank transfer. The platform also provides a secure digital wallet for storing your assets. Nonetheless, some users have reported that the platform’s customer service can be slow to respond, which some customers may regard as a disadvantage.
Each crypto exchange offers pros and cons that suit certain users over others. Interactive Brokers is unique in that it offers a flat fee model for crypto trades. Depending on your trading volume, you’ll pay a commission of 0.12% to 0.18% of the trade value.
KuCoin’s biggest weakness is that they do not have ways to withdraw fiat to a bank account easily, a function that Binance supports. This means that KuCoin is best used as a secondary crypto exchange along with a primary exchange that supports fiat deposits and withdrawals. Finally, the article provides a video where the author shares his personal picks for the best cryptocurrency exchanges in 2023. Binance and Gate.io are recognized for their support of more than 50 fiat currencies, making them suitable for users who want to avoid high exchange fees when depositing funds. When it comes to security, the article highlights Kraken and SwissBorg as the most secure exchanges, as they have never been hacked and have robust security protocols. However, it acknowledges that other exchanges have improved their security measures and now offer insurance funds to reimburse users in case of a breach.
Crypto app customer support
You can learn more about these exchanges in our dedicated Kraken and SwissBorg reviews. Kraken is the better choice for those who want to actively trade with very low fees. Kraken also takes our pick for being the most secure crypto exchange in the industry and Certified ranks them #2 behind Crypto.com. They take our top spot for security as they have been around for nearly as long as Bitcoin itself and is one of the few top exchanges to never have been hacked. They also take the top spot for best customer support from my findings and from what I’ve seen from online reviews and forums.
- The advanced Binance user interface, with its features and tools, is still intact on Binance US, so US customers can access everything available on Binance, right on this customized platform.
- The platform’s self-custody crypto wallet provides users access to decentralized exchanges to earn yield, borrow crypto, and collect NFTs.
- There is no complete discussion about simple, beginner-friendly crypto exchanges in the US without the mention of CEX.IO.
- You can read more about our editorial guidelines and the investing methodology for the ratings below.
- The exchange has a maker/taker schedule based on your 30-day trading volume.
- Crypto.com uses multifactor authentication — including password, biometric, email, phone and authenticator verification — for all crypto transactions.
- Webull may not be the poster child for trading apps, but its feature set feels a step above Robinhood’s.
Moreover, the exchange should disclose full transparency and make public its proof of reserve of customer cold wallets. Trading fees on Bitfinex are higher than the other exchanges on our list, with spot transactions priced at 0.1% and 0.2% (maker/taker). The story is similar for derivatives, with the exchange sharing a maker/taker fee of 0.02% and 0.0650%. Although Bitfinex could benefit from adding a central hub, trading and lending on the platform are relatively straightforward as they’re conducted via an order book interface. On Bitfinex, Customers can trade 188 unique cryptocurrencies and access 31 derivative markets. OKX is accessible thanks to its TradingView integration and instant buy/convert features.