Best Crypto Trading Platforms 2024 – Pros & Cons
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As a crypto beginner, one of the most important decisions is the cryptocurrency exchange that you choose to trade on. Choosing the right crypto trading platform will help you make the most of your trading journey.
However, with many crypto trading platforms on the market, choosing the best cryptocurrency platform can be challenging for newbies. In this guide, we review the best crypto trading platform for beginner traders and investors. These crypto trading platforms offer low fees, simple trading experience, high security, and access to the most popular assets.
Best Crypto Trading Platform 2024 – List
Below, we briefly highlight the best crypto exchanges on our list to help you understand their major offerings.
- eToro – Best crypto trading platform for copy trading
- Bitstamp – Overall best crypto trading platform with high-level security
- OKX – Best Bitcoin trading platform with exciting earn features
- Coinbase – Best Bitcoin trading platform for simplified trading
- Crypto.com – Best cryptocurrency platform for low exchange fees
Best Crypto Trading Platforms – Reviewed
In the following section, we go into a detailed analysis of the best crypto trading platforms we rank in this review, including their features, fees, and asset support.
1. eToro – Best crypto trading platform for copy trading
Our next best crypto trading platform is eToro. The exchange was founded in 2007 by two brothers, Yoni Assia and Ronen Assia, in collaboration with David Ring. With over a decade of existence in the crypto trading industry, eToro has become a household name among retail and institutional investors worldwide.
Similar to Bitstamp, eToro offers high liquidity across its spot and derivatives trading markets, making it a reliable crypto trading platform for low and high-volume investors.
On eToro, investors can buy, sell, trade, and exchange 80 top-market cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, and other altcoins. Investors can also access thousands of other digital assets like stocks, forex, and exchange-traded funds (ETFs).
Interestingly, eToro is famous for its simple trading platform that makes it easy for newbies to sign up, undergo KYC, and start trading. The eToro mobile app also comes in handy for mobile-first users who want to trade on the go.
Despite its numerous features, what stands out the most about eToro is its copy trading. With the platform’s innovative CopyTrader, beginners can mirror trades from expert traders and leverage their moves or trading strategies for more potential profit. As such, beginners can automatically copy trades from top investors to make better trading decisions. This makes eToro one of the best social trading apps to consider in 2024.
The minimum deposit on eToro is $10, and you can buy crypto for as low as $1. The exchange charges a flat 1% fee for crypto transactions.
Cryptoassets are highly volatile and unregulated in the US and UK. No consumer protection. Tax on profits may apply.
2. Bitstamp – Overall best crypto trading platform with high-level security
At the top of our list of the best crypto trading platforms 2024 is Bitstamp. The European crypto exchange was established in 2011 by Nejc Kodirc and is one of the world’s oldest exchanges.
According to CoinMarketCap, Bitstamp ranks 7th among the best crypto exchanges in terms of liquidity. At the time of writing, the exchange has a 24-hour trading volume of $288,303,276.92 (equivalent to 11,207 BTC).
Beyond its reputation, Bitstamp allows users to buy, sell, and trade 80+ cryptocurrencies, including some of the best cryptos like Bitcoin, Ethereum, Tether, Ripple, Polygon, etc.
The crypto exchange has a simple interface across its website and mobile app and offers a straightforward spot trading platform for beginners. At the same time, experienced investors can trade over 150 trading pairs across the margin and futures markets.
However, one of Bitstamp’s most notable features is its security. The exchange boasts institutional-grade security, with 95% of its assets in offline cold storage. Similarly, the exchange deploys high-level encryption technology and offers safe transactions.
The minimum deposit on Bitstamp is $10 or its equivalent, making it suitable for beginners. Bitstamp fees are also among the lowest on the market. The exchange charges a maker fee between 0.00% and 0.30% and a taker fee from 0.00% to 0.40% – depending on users’ monthly trading volume.
Your capital is at risk.
3. OKX – Best Bitcoin trading platform with exciting earn features
OKX is another reputable crypto trading platform ranked high based on our review metrics. The global trading platform was founded by Star Xu in 2017, making it one of the latest cryptocurrency platforms for users.
In terms of liquidity, OKX sits on the 5th spot, according to CoinMarketCap, with a 24-hour spot trading volume of $1,596,162,962.88 (equivalent to 62,140 BTC) at the time of writing.
OKX’s high liquidity is due to its support for a wide range of crypto assets and DeFi coins. The exchange supports 360 cryptocurrencies, including Bitcoin, Ethereum, and low-market altcoins like Monero, Chainlink, Stellar, Kine Protocol, etc. Experienced traders will also find over 500 trading pairs in the spot and derivatives markets.
Like other platforms on our list of the best crypto exchanges, OKX offers simplified buying and selling of crypto using a simple buy and sell feature. Experienced investors can also access non-fungible tokens (NFTs) and other promising DeFi projects.
On top of that, the exchange offers various earn features, including crypto staking, decentralized finance (DeFi) lending and borrowing, etc. Interestingly, investors can get up to 319% annual percentage yield (APY) on staking products.
The minimum deposit on OKX is $10, with access to fractional coins for as low as $1. OKX charges a maker fee between -0.005% to 0.080% and a taker fee ranging from 0.020% to 0.100% depending on customers’ 30-day trading volumes.
4. Coinbase – Best Bitcoin trading platform for simplified trading
Coinbase is one of the largest cryptocurrency exchanges by market capitalization. The global exchange was founded in 2012 by Fred Ehrsam and Brian Armstrong, and is present in over 100 countries with over 103 million customers.
CoinMarketCap ranks Coinbase as the second-best crypto exchange in terms of liquidity – just a spot behind the global Binance exchange. With a 24-hour spot trading volume of $1,352,853,632.01(equivalent to 52,955 BTC) at press time, Coinbase remains a high-liquidity exchange for retail and institutional investors.
On Coinbase, investors can buy and sell over 10,000+ assets, including Bitcoin, Dogecoin, Ethereum, Binance Coin, Tether, and thousands of the best altcoins on the market. In addition, there are over 530 crypto-to-crypto and crypto-to-fiat trading pairs for trading in advanced markets.
At its core, Coinbase strives to offer simplified trading to customers. Beginners can buy and sell cryptocurrencies and other assets without the complexities associated with other best crypto exchanges – thanks to its simple trading platform. Customers who want a more sophisticated platform with advanced trading tools can opt for the Coinbase Pro platform.
The minimum amount required to buy crypto on Coinbase is $2. Coinbase trading fees range from 0.00% to 0.40% for makers and 0.05% to 0.60% for takers.
5. Crypto.com – Best cryptocurrency platform for low exchange fees
Last on our list of the best crypto trading platforms is Crypto.com. However, this doesn’t make the exchange the least favorable for beginners. Established in 2016 by a group of experts with the goal of spreading crypto adoption, the Singaporean exchange has grown with over 80 million customers worldwide.
The Crypto.com exchange currently ranks 22nd in terms of global trading volume for centralized exchanges (CEXs) by CoinMarketCap. At the time of writing, the exchange has a 24-hour spot trading volume of $129,967,898.58 (equivalent to 5,093 BTC), which is lower compared to Coinbase, Bitstamp, and OKX.
Investors can buy and sell Bitcoin, Ethereum, and 250+ cryptocurrencies on Crypto.com. The simplified platform also offers other services, including crypto payments, the Crypto.com card, and a global NFT marketplace. There are also over 500+ trading pairs across the margin and futures markets.
Trading on Crypto.com is pretty straightforward via the website or sophisticated Crypto.com app. The company also offers strong security, including a 100% cold storage of customers’ assets and an insurance fund worth $750 million.
Crypto.com uses a maker-taker fee model. The exchange charges a flat 0.075% fee for makers and takers, one of the lowest on the market. However, customers who stake CRO get discounted trading fees, depending on their staked amounts.
Best Decentralized Cryptocurrency Exchanges Reviewed
Since CEXs have various restrictions, including mandatory identity verification (or KYC), some traders prefer to transact on decentralized exchanges (DEXs), as they require no KYC.
We review the best two DEXs for beginners below.
1. PancakeSwap – Best DEX With The Most Users Worldwide
PancakeSwap is largely considered to be the best DEX around the globe. The platform handles around $1.9 million in funds and launched in 2020 . The DEX is built on the Binance Smart Chain network which offers fast speeds and low fees. Although the platform is built on the Binance chain, it uses bridges to wrap non-BEP20 tokens so that users can trade a variety of DeFi coins such as LBLOCK, IBAT and APE.
As well as crypto trading, PancakeSwap offers a lucrative staking feature through which crypto holders can earn passive income from their investments. Traders can stake through pools, farms or liquid staking. Users can also invest early in new projects through the Initial Farm Offering feature- this provides access to new crypto projects that can be purchased with LP tokens. All projects are vetted by the Binance team before they are launched on the platform.
It is also possible to earn through the PanckaeSwap lottery feature which runs twice each day. Traders can enter by purchasing tickets with crypto. If they win, they will be rewarded with 40% of the prize pool. Traders can also access NFTs through PancakeSwap; this feature was launched in 2021 and experienced $3.6 million in trading volume on day one.
PancakeSwap was created to lower fees and improve transaction speeds. As a result, the DEX is very popular amongst traders. The platform is compatible with a number of the best DeFi wallets including MetaMask, Trust Wallet and Wallet Connect. Traders can also connect a Ledger hardware wallet to the DEX.
UniSwap – Best DEX for ERC-20 tokens
Uniswap is the most popular decentralized trading platform globally. The trading platform was founded by Hayden Adams in 2018, but has grown to become a big player in the DeFi space. Since then, many other DEXs have been established. Unlike centralized exchanges, Uniswap runs on the Ethereum blockchain and allows traders to buy and sell various assets without a third party. And this is why the DEX supports anonymous trading.
According to CoinMarketCap, Uniswap v2 has a 24-hour spot trading volume of $136,683,794.74 (equivalent to 5,265 BTC). Similarly, the Uniswap v3 has a volume of $903,400,739.89 (or 34,735 BTC) within the same period. That means Uniswap would rank among the most liquid CEX if it weren’t decentralized.
On Uniswap, investors will find over 1000 coins and 1800+ trading pairs. The platform is also easy to use for buying, selling, and swapping Ethereum and hundreds of ERC-20 tokens. Uniswap also has its proprietary token called UNI with real utility, including fee payment and governance.
The minimum deposit on Uniswap depends on the coin you’re swapping. The exchange charges a 0.3% fee for all crypto swaps on its trading platform.
What is the Difference Between A Centralized and Decentralized Crypto Exchange?
Centralized and decentralized crypto exchanges both exist to offer crypto traders a platform to buy, sell, swap, or invest in cryptocurrencies. However, both kinds of exchanges differ in their core offerings.
As the name implies, a centralized exchange (CEX) is controlled or regulated by a third-party body or authority. As such, it offers users less control over their assets. On the other hand, decentralized exchanges (DEX) offer users more control because they use peer-to-peer trading systems that do not require intermediaries or regulatory authority.
In addition, decentralized exchanges offer low transaction fees compared to centralized exchanges. For example, a DEX like UniSwap charges a 0.30% transaction fee, which is lower than what’s obtainable on many CEXs.
Conversely, CEXs offer faster transactions, higher liquidity, and simpler usability. These factors play a major role in determining the suitable exchange for you.
Your money is at risk.
What Is The Best Cryptocurrency Trading Platform For Beginners?
Based on our detailed research, the best cryptocurrency trading platform for beginners is Bitstamp. The exchange offers a simple trading interface across its website and mobile app. Similarly, it offers competitive trading fees, high liquidity, and high-level security. However, exchanges like Coinbase, eToro, and Crypto.com are also ideal for crypto beginners.
Read more: Best crypto presales to invest.
What Is The Cheapest Crypto Trading Platform 2024?
The Cheapest crypto trading platform in 2024 is PancakeSwap. The best decentralized exchange charges trading fees of just 0.25% which is considerably lower than many other platforms on the market. As a decentralized exchange, there are no account management fees involved with using PancakeSwap. The only fees applicable are those involved with trading.
Best Cryptocurrency Trading Platform – Comparison Table
Below, we compare the best crypto trading platforms to see how they stack against one another.
| Exchange | Supported Assets | Minimum Deposit | Trading Fees |
| Bitstamp | 80+ | $10 | Maker fee: 0.00% to 0.30%
Taker fee: 0.00% to 0.40% |
| eToro | 80 | $10 | 1% |
| OKX | 360 | $10 | Maker fee: -0.005% to 0.080%
Taker fee: 0.020% to 0.100% |
| Coinbase | 10,000+ | $2 minimum investment | Maker fee: 0.00% to 0.40%
Taker fee: 0.05% to 0.60% |
| Crypto.com | 250+ | $1 minimum investment | 0.075% maker-taker fee |
Your capital is at risk.
What Is The Best Crypto Exchange For Bitcoin Traders?
When it comes to finding the best crypto exchange for Bitcoin traders, Bitstamp stands out as an excellent choice. Bitstamp offers a comprehensive platform that caters to the needs of both novice and experienced traders. With its reliable and secure infrastructure, Bitstamp allows users to seamlessly buy, sell, and trade Bitcoin in both the spot and derivatives markets.
One of the notable features of Bitstamp is its support for lending Bitcoin. Investors have the opportunity to lend their BTC and earn up to 4% daily APY (Annual Percentage Yield). This feature provides an additional avenue for users to maximize their potential earnings from their Bitcoin holdings while still maintaining control over their assets.
Aside from its trading and lending capabilities, Bitstamp prides itself on being user-friendly. The platform is designed to offer a smooth and intuitive experience, making it accessible for traders of all levels of expertise. Whether you are a seasoned trader or just starting out, Bitstamp’s user-friendly interface allows you to easily navigate the platform, ensuring a hassle-free trading experience.
Read more: Best meme coins to invest.
Crypto Trading Platforms- Key Features To Consider
The platforms mentioned above are all great options for crypto trading. However, there are plenty of other platforms available that are worth looking into before making a final decision. Here are the key factors to consider to identify the best crypto exchanges.
Crypto trading fees
The first thing to check is the trading fee on the platform. The best Bitcoin trading platform offers low fees that provide a large chunk of your profits after deduction.
Asset availability
The availability of multiple cryptocurrencies on a trading platform will help you diversify your portfolio and offer you more potential profits. The more the assets supported, the better the trading and investing opportunities.
Analysis tools
With the proper analysis tools, you can make informed trading decisions and mitigate the risk of losses due to volatility. That means trading on exchanges like eToro and Bitstamp with advanced market analysis tools will give you an edge.
Automated trading tools
Exchanges like eToro offer auto trading tools for beginners to leverage crypto trading bots instead of manual trading. This helps reduce the risk of human errors and offers more potential rewards. For instance, you can automatically copy trades of professional traders using the CopyTrader feature on eToro.
Educational resources
Whether you’re a beginner or a seasoned trader, the best way to improve your crypto knowledge and trading skills is by reading more. The best exchanges offer easy-to-understand educational resources to help you achieve this.
Wallet compatibility
For traders using self-custodial or third-party wallets like MetaMask and Wallet Connect, it’s imperative that you trade or buy crypto on exchanges that support the same network as the decentralized wallet. Look out for this information before registering at any exchange.
Payment methods
The best exchanges offer diverse payment methods to make deposits and withdrawals seamless for their customers. These include crypto, credit/debit card, bank transfer, wire, and e-wallets. For instance, Bitstamp, our best Bitcoin trading platform, supports crypto and fiat payment methods, including direct USD payments.
Customer service
Since you can get stuck while trading on an exchange, it’s vital to opt for exchanges for responsive customer support to help resolve issues whenever they arise. The best exchanges offer 24/7 customer support via email, phone, and live chat.
Regulation and security
Finally, you should assess an exchange’s security features before creating an account. A safe exchange is usually regulated by a reputable body, such as a securities and exchange commission. Similarly, the exchange deploys security measures like cold asset storage, high-level encryption, two-factor authentication (2FA), insurance fund, etc.
Your capital is at risk.
How To Use Bitstamp – The Best Crypto Trading Platform
As stated earlier, Bitstamp, our best crypto trading platform, offers simple trading via its website and mobile app. Getting started on Bitstamp is pretty straightforward using the steps below.
Create an account
- The first step is to create a new Bitstamp account. To do this, visit the Bitstamp website and click “Get Started” at the top-right corner of the screen.
- Provide the necessary information, including your full legal name, email address, date of birth, and address. Check the terms and conditions box and click “Continue.”
Verify ID
- Bitstamp requires every user to undergo mandatory KYC to access its services. To complete your registration, check your email inbox and click the “Complete your registration” icon. This requires you to set your password.
- After setting the password, verify your ID on the next page by submitting the required documents, including your phone number and complete residential address.
- Upload your ID document, record a short video, enter your basic financial information, upload proof of residence, and follow the prompts to complete the process.
Deposit funds
- Once the verification is successful, you can add funds to your Bitstamp account. To do this, log in to your account and click the “Deposit” button, then select fiat or crypto.
- Select the currency to deposit and follow the on-screen instructions to complete the transaction. The funds will arrive in your account within a few minutes.
Conduct research and analysis
Before you start trading, endeavor to do enough research and analysis. Study market trends and understand the basics of crypto trading. You can read the educational materials on Bitstamp Learn to get started.
Explore cryptos
Since it’s advisable to diversify your investment portfolio, explore diverse crypto options and learn about them. Understand the best times to buy, sell, or HODL these assets and make informed decisions.
Execute a trade
Once you’re confident in your trading skills, navigate the Bitstamp exchange and start trading.
Read more: Best AI Stock Trading App.
Best Crypto Trading Platform 2024 – Conclusion
With hundreds of cryptocurrency exchanges on the market, finding the best crypto trading platform for beginners can be challenging. We’ve reviewed five of the best Bitcoin trading platforms in this guide to help you.
In conclusion, eToro is the overall best crypto trading platform for beginners in 2024. The exchange offers simplified trading, access to 80+ assets, low fees, earn features, and high-grade security.
Your capital is at risk.
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Maryam Jìnádù
