Best Cryptocurrency Exchanges of 2021 For Traders

How We Choose:

Choosing a trusted cryptocurrency exchange is an extremely important step in your crypto goals. New online cryptocurrency trading brokerages pop up all the time with various levels of regulatory oversight and security. This makes it even more difficult to decide which one is the best crypto broker for you. We cut through the bad actors, scammers, and amateurs to make sure you don’t get ripped off or swindled. We want to help bring legitimacy into the industry by directing new users to the best of the best.

We have identified the best overall crypto exchanges based on a balanced weighting of our 8 ranking criteria.  These ratings are the product of meticulous research into every aspect of a brokers’ services, operations, and history.  This is a good resource for you to familiarize yourself with each broker as well as the strengths and weaknesses of their offerings.


#1

CEX.io

Rating: 9.75

Trading Score

9.75

# of Pairs

151

Bid/Ask Spread

2.554%

Fees

0.0% - 0.25%

Margin Trading

Yes

Leverage Multiplier

100x

Demo Account

Yes

Open Account

Excellent API coverage, margin trading, and 100x leverage trading is incredible and really hard to beat. CEX.io is the standard when it comes to those trading attributes and no one really comes close. (We don’t recommend 100x leverage trading for beginners.)

Fees: Maker: 0.0% - 0.16% Taker: 0.10% - 0.25%

# of Coins: 55

Tradable Pairs: 151

See Full CEX.io Review.


#2

FTX US

Rating: 9.50

Trading Score

9.50

# of Pairs

15

Bid/Ask Spread

0.608%

Fees

0%-0.4%

Margin Trading

Yes

Leverage Multiplier

10x

Demo Account

Yes

Open Account

Low fees (across the board), excellent liquidity (0.608% Bid/Ask Spread), margin trading, and 10x leverage make this a good option for traders. This is a great combination and offers everything a cryptocurrency trader would need.

FTX has a very robust mobile app trading platform. If you like to trade on your phone / tablet this might be the exchange for you.

Robust API capabilities for advanced traders, but very simple interface for new ones.

Trading Fees: Maker Fee: 0.1% Taker Fee : 0.4%

# of Coins: 8

Tradable Pairs: 15

See full FTX US Review


#3

Kraken

Rating: 9.50

Trading Score

9.50

# of Pairs

214

Bid/Ask Spread

0.525%

Fees

0%-0.26%

Margin Trading

Yes

Leverage Multiplier

5x

Demo Account

Yes

Open Account

Excellent API coverage, margin trading, and up to 5x leverage trading.

Kraken has one of the best Bid/Ask Spreads in the crypto trading industry proving great liquidity.

Fees change based on trading volume. For traders under $50k/month (for full list see our full Review):

Maker: = 0.16%  Taker: = 0.26%

# of Coins: 49

Tradable Pairs: 214

See full Kraken Review


#4

Binance US

Rating: 7.50

Trading Score

7.50

# of Pairs

105

Bid/Ask Spread

0.0573

Fees

0.10%

Margin Trading

No

Leverage Multiplier

0

Demo Account

Yes

Open Account

Binance.US has the lowest Bid/Ask Spread and very low fees making it popular amongst traders. Very good API coverage as well.

Our main issue with Binance.US is that you do NOT offer margin or leveraged trading.

Trading Fees: General: 0.1% spot trading fee; 0.5% Instant Buy/Sell fee. These fees can lowered if you meet certain criteria (see full review for details).

# of Coins: 52

Tradable Pairs: 105

See full review for Binance


#5

Bittrex

Rating: 7.00

Trading Score

7.00

# of Pairs

580

Bid/Ask Spread

3.231%

Fees

0.25%

Margin Trading

No

Leverage Multiplier

3x

Demo Account

No

Open Account

Excellent API coverage giving traders the ability to build out custom trading criteria, algorithms, and schedules.

While they do offer trading features, a ton of trading pairs, and 3x leverage Bittrex does not offer margin trading.

Low fees - free deposit, pay only the coin network fee for withdrawal (no fees paid to Bittrex), and 0.25% trading fee.

# of Coins: 314

Tradable Pairs: 580

See the full review for Bittrex.


Binance US

CEX

Kraken

Bittrex

FTX US

Trading Score

7.50

9.75

9.50

7.00

9.50

# of Pairs

105

151

214

580

15

Bid/Ask Spread

0.0573

2.554%

0.525%

3.231%

0.608%

Fees

0.10%

0.0% - 0.25%

0%-0.26%

0.25%

0%-0.4%

Margin Trading

No

Yes

Yes

No

Yes

Leverage Multiplier

0

100x

5x

3x

10x

Demo Account

Yes

Yes

Yes

No

Yes