Table of Contents: Masthead StickySummary List Placement
Best crypto exchanges of May 2021
0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.50% for Coinbase Pro
Bitcoin-focused individuals and institutions
0.1% spot trading fee; 0.5% instant buy/sell fee (4.5% fee for deposits with US debit card)
0% – 0.26%
Futures and margin traders
0.16% – 0.25% maker/taker transaction fees (2.99% deposit)
Large cryptocurrency selection
$1.50-$4 fee for web transactions between $15 and $250 (1.49% fee for transactions over $250); 3.49% debit card transfers
Bitcoin and Ethereum traders
0-0.35% maker/taker fees
Understanding cryptocurrencies alone can be daunting, and if you’re new to crypto trading, finding the right platform to buy and sell popular assets like Bitcoin, Ethereum, and Litecoin can be another challenge.
Most crypto exchanges also offer features like staking rewards (for holding a crypto asset for a set period of time), margin trading, crypto trading tools, and more.
We’ve compiled some the best cryptocurrency exchanges for buying and selling crypto assets. Keep reading to find the best option for you.
Coinbase: Best for Bitcoin-oriented individual and institutional traders
|Fees||0.50% spread for buy/sell transactions; transaction fee from $0.99 to $2.99; up to 0.50% for Coinbase Pro|
|Features||Coinbase Earn rewards, Coinbase Pro advanced account, user-controlled storage, Stablecoin, staking, and institutional trading tools|
Why it stands out: Coinbase offers more than 50 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Ripple. The exchange also offers multiple investment options for individual and institutional clients. Some of its account features include staking rewards, iOS and Android mobile apps, and a Coinbase Earn account option that pays you in crypto assets for watching educational videos.
Coinbase also offers two other options: Coinbase Pro for advanced traders and Coinbase Prime for institutions and high-net-worth clients (individuals with at least $1 million). Coinbase Pro users get access to more advanced features like secure trading bots, charting tools, and real-time order books.
In addition to the Prime cryptocurrency trading platform, institutional clients can utilize commerce services, cold storage (offline storage for crypto assets), and an Asset Hub that allows issuers to list and grow their products on the platform.
What to look out for: If you regularly use margin accounts to trade, Coinbase isn’t the best choice. The exchange doesn’t let you temporarily borrow money to trade crypto assets, nor does it offer futures (legal contracts that give you the choice to exchange a security at a specific price on a forthcoming date).
Binance: Best for low fees
|Fees||0.1% spot trading fee; 0.5% instant buy/sell fee (4.5% fee for deposits with US debit card)|
|Features||Automated recurring buys, over-the-counter trading, staking rewards, crypto pairs, institutional trading services|
Why it stands out: Binance.US was formed in 2019 after Binance halted its services to US traders. The exchange primarily caters to US investors, and it supports more than 50 cryptocurrencies. Like Coinbase, it offers investment options for both individuals and institutions.
Some of its account perks include staking rewards, recurring buys (an automated feature that gives you the option to automatically invest on a set schedule), OTC trading, crypto trading pairs, and Stablecoins (assets that are backed by US dollars).
When it comes to staking rewards, you can earn from 1-10% for holding different crypto assets over a period of time. For instance, if you held 20 QTUM, you’d earn 1-2% back as an annual reward. If, however, you instead purchased and held at least 0.5…