15 Best Cryptocurrency Trading Platforms in 2021

The regulated provider charges just 0.5% on debit/credit cards, e-wallet, and bank wire deposits. In fact, if you’re based in the US and using a USD payment method, you won’t pay any deposit fees at all. If you’re looking for a US-based crypto exchange that is both safe and secure, then Gemini could be the best option for you.

• For example, the CryptoPortfolio – which is professionally managed by the eToro trading team, allows you to invest in 16 different crypto assets through a single trade.
• SoFi offers low fees and some 20 cryptocurrencies, but no crypto-to-crypto trades nor the ability to transfer crypto assets off their platform.
• If you buy or sell shares denominated in a currency other than pounds sterling, nearly all of the platforms charge a foreign exchange fee.
• Over 20 cryptocurrencies are available to earn crypto interest, with rewards paid weekly directly into the user’s wallet.
• Additionally, unless you trade at higher volumes, you will end up paying trading fees of up to 0.075%.
• Crypto exchanges are not supported in certain countries due to regulations.

New investors looking to convert fiat currency to cryptocurrencies are better suited to using a simple and quick user interface on a desktop or a mobile app. Centralized exchanges typically are better suited for first-time crypto investors compared to decentralized exchanges. Bybit allows users to buy and sell 317 cryptocurrencies using Bitcoin or USDT as the base currency.

Mobile App

With that said, you need to check what the mobile trading experience is like – as we also came across apps that were clunky and regularly crashed. This can vary quite wildly, so below we’ve listed the main fees that you need to explore before choosing a provider. For example, all clients of Gemini are required to go through an enhanced identity verification process.

It holds the highly coveted NYDFS-issued BitLicense, which allows crypto-related businesses to carry on business within the state of New York. If you reside in the United States, you want only to consider platforms that you can access, such as Coinbase, Kraken, Gemini, or Binance America (Binance.US). It is counterproductive to be looking into the services and products offered by global-focused exchanges that are prohibited from serving your jurisdiction. In addition to commissions and deposit/withdrawals, you also need to consider the following crypto trading platform fees that might come into play. This is a major problem, as you can never be 100% sure whether or not your money is safe. But, with many of these crypto exchanges offering industry-leading fees, inexperienced investors are unwittingly drawn in.

How much money do you need to buy crypto?

Moreover, experienced crypto traders can trade perpetual swaps on over 100 cryptocurrencies on BitMart with up to 100x leverage. Users can also access trading fee discounts when holding the exchange’s native token, BMX. The originally San Francisco-based crypto exchange is now a geographically decentralized company with no headquarters and available in 100+ countries. It stands out for providing a user-friendly trading experience, robust security, and a range of advanced features for experienced traders.

• A Hong Kong-based exchange, KuCoin is relatively new in the market but is considered as a highly safe platform.
• This is handy in the event you think a particular digital currency is overvalued and thus – you wish to profit from this.
• EToro charges no trading or platform fees, along with trading tools such as stop losses, limit orders and leveraged trading.
• When comparing exchanges, investors can look at fees, cryptocurrency selection, advanced trading options and customer service offerings.
• UniSwap only supports ERC-20 tokens, i.e., tokens created on the Ethereum network only.
• For example, if you’re planning to actively trade – you’ll want to choose a provider that offers chart reading tools and indicators.

Overall, IG is likely to appeal to more confident traders who want a wide range of more complex investments, together with advanced trading tools. It offers one of the widest range of investments, together with advanced technical trading tools. The Investor Essentials plan costs £4.99 per month and includes a trading account and Stocks and Shares ISA. It does not include a free monthly trade (share trading fee of £3.99 for UK shares and funds, and US shares) nor a Junior Stocks and Shares ISA or SIPP. There is a limit of £50,000 for this account – accounts will be transferred to the Investor plan (costing £11.99 per month) if the value exceeds £50,000. Trading platforms provide software programs that allow investors to buy and sell shares, funds and other investments directly, rather than indirectly through a financial adviser.

Robinhood Crypto

Currency exchange rates are constantly changing which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. However, you may still have to pay other fees, such as an order flow fee that varies by trade.

Nevertheless, PrimeXBT is an excellent platform for active traders thanks to its diverse range of markets and massive leverage capabilities. With no restrictions for US-based customers, MEXC is an excellent platform for active traders. Although the exchange lacks features like crypto loans or staking, its no-fee – maker orders make it ideal for experienced traders trying to maximize their returns. Beyond buying and selling crypto, eToro has a crypto staking service for individuals to boost their holdings passively. Some of the most popular staking coins on eToro include Cardano (ADA), Tron (TRX), and Ethereum.

Types of Cryptocurrency Trading Platforms

US residents who verify their identity can access the professional trading platform to buy and sell 200+ digital currencies across its spot market. With other features such as staking, highly competitive maker and taker fees, and an excellent mobile app, Kraken is the most well-rounded crypto exchange for US traders and investors. Before selecting a provider – you’ll need to look at core factors surrounding fees and commissions, regulation, supported markets, payments, and customer service. In this guide, we review the Best Cryptocurrency Trading Platform for 2021 and walk you through the required steps to get started with an account today.

• Cryptowatch is a data aggregator which pulls API data from at least 25 crypto exchanges spanning over 4,000 markets.
• Trading commissions are always charged’ per slide’, meaning you pay it when you buy a cryptocurrency and again when you sell.
• Users can trade five currencies (as of July 2022); trades are commission-free to a certain point, and fees do apply for futures traded on certain exchanges.
• While the platform fee of 0.25% is at the lower end of the traditional platforms, this is charged on shares, as well as funds (although the annual platform fee is capped at £42 for shares).
• KuCoin is a top-tier altcoin exchange with a strong selection of crypto assets, low fees, refined trading infrastructure, and markets.
• It’s also our top choice for experienced traders, as it offers advanced order types and supports margin and futures trading.

The exchange may offer some form of commission free trading; however, you may still have to pay some fees such as network fees or gas fees. For example, it also offers a crypto Visa card that you can use to convert your digital assets and spend it anywhere that accepts Visa cards. Additionally, it also offers other services such as crypto credit, crypto earn, a DeFi wallet, and more. OKX is a popular exchange that is known internationally, with customers in over 100 countries. It has a bevy of features that has made it popular among investors, including a built-in trading bot with seven modes with automated strategies, an NFT Marketplace, and the OKX Wallet. As of September 2022, the list of exchanges offering commission-free crypto trading is not very vast.

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If they don’t, then you might find that the only support channel offered is via email. If top-rated customer support is important to you, eToro offers a live chat facility that can be accessed once you are logged into your account. If you like the sound show of automated crypto trading, we would argue that you are best off using the Copy Trading feature offered by eToro. In doing so, you’ll get to choose a successful crypto trader that uses eToro – based on past performance and average monthly return.

• Another essential factor is the selection of cryptocurrencies available on the exchange and app.
• BYDFi is one of the few exchanges that complies with financial industry regulations and holds licenses in Australia, Singapore and the U.S.
• The app offers a seamless user experience that isn’t hindered by smaller screen sizes.
• Gemini’s main platform and active trader platform use different fee structures.
• It also promises the direct and instant withdrawal of funds to a bank account or card.

Available markets for traders include spot, margin, derivatives, leveraged tokens, and peer-to-peer markets. In total, more than 1,670 trading pairs across 367 supported coins can be bought and sold on Binance. There is no requirement to borrow cryptocurrency from the broker, as it’s just a case of placing a sell order. For example, if you place a $500 sell order on BTC/USD and the pair drops in value by 10% – your profit will amount to $50.

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• It also supports more than 100 crypto pairs — two crypto tokens that can be exchanged for each other.
• But institutional clients can take advantage of expert insights, one-on-one consultations, account management support, and more.
• The platform supports around 33 cryptocurrencies along with a wide range of trading pairs.
• The company was founded in 2007 as a platform to invest and trade stocks and other financial instruments.
• Moreover, BitMart suffered a security breach in December 2021 that resulted in the loss of $196 million in user funds.
• Among the top trading platforms catering to beginners in 2023 are Kraken, Gemini, and Crypto.com.

Huobi Wallet is a non-custodial wallet where users have complete control over their assets and offer a fast trading process. The two versions Huobi Pro and Huobi OTC, are devised explicitly for advanced and beginner traders, respectively. Users can trade five currencies (as of July – 2022); trades are commission-free to a certain point, and fees do apply for futures traded on certain exchanges. KuCoin’s website promises fast trading of more than 600 currencies, with options for spot and margin trading as well as platforms on which to buy and sell NFTs.

Features, products, and services offered.

The exchange launched in China in 2017 and moved its servers and operations to Japan a few months later, in advance of the Chinese ban on cryptocurrency. While Kraken is available to most US crypto investors, it’s not licensed for crypto services in New York, Washington state or Hawaii. It also has a more bare-boned trading interface called Gemini Active Trader with lower rates than Coinbase Pro. Another bonus is that the assets don’t need to be transferred from one platform to the other the way traders have to do on Coinbase. Traders can switch from Gemini to Gemini Active Trader within the Settings dropdown menu, and all of their assets will follow.

• Clients can trade only in FTSE 350, AIM 100, 500 US stocks, Vanguard, iShares and Invesco ETFs and selected European shares.
• With no restrictions for US-based customers, MEXC is an excellent platform for active traders.
• Binance is worth checking out for anyone looking for an all-in-one trading platform and US residents not concerned with margin trading.
• For our best cryptocurrency exchange and app selection, we looked at safety and security among more than 40 leading crypto exchanges and apps.
• Brokerages often support fewer cryptocurrencies yet charge lower fees than exchanges.

Including copy-trading, the platform provides exposure to crypto, stock indices, forex, commodities, and Contract-for-Difference (CFD) margin trading. Although PrimeXBT doesn’t excel in any one facet, it provides a cutting-edge and well-rounded platform that is ideal for investors who need access to a variety of investment vehicles. KuCoin is a top-tier altcoin exchange with a strong selection of crypto assets, low fees, refined trading infrastructure, and markets. But its array of six crypto trading bots catapults the popular exchange as a standout for traders who prefer to automate their trades.

KuCoin – Best Crypto Exchange For Bot Trading

With this approach, you choose the price you wish to buy or sell at, and a transaction clears only when the market finds a buyer or seller willing to buy or sell at that target price. Featuring transactional support for more than 300 cryptocurrencies, Crypto.com offers the widest range of cryptocurrencies of any exchange on this list. The platform’s advancedPro version, which runs on a separate app and website, charges lower fees but features a less user-friendly interface that’s not suited for beginners. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them.

The DCA bots automatically invest a fixed amount in a given cryptocurrency periodically. The platform allows the user to pair with 16 exchanges which also includes some top exchanges like OKX. The user can connect the wallets to the interface that will help track the non-exchange holdings. Investing in shares can be a good way to produce higher returns than cash-based investments.