Best Cryptocurrency Exchange Sites – Top Exchange For Cryptocurrency, Features, Comparison 2022

This post is about the best cryptocurrency exchange sites or platforms and their comparison for fees, features, security, payment, customer support, and various others.

Best Cryptocurrency Exchange Sites

A Cryptocurrency exchange site is a place where we buy, sell, and trade cryptocurrencies or altcoins (cryptocurrencies other than bitcoin) against fiat currency (USD, Euro) or other cryptocurrencies.

In this article, we will discuss the Best Cryptocurrency Exchange Sites for effortless trading. How do Cryptocurrency exchange sites differ? And later compiled a list of the best Cryptocurrency Exchange sites in each category. Check the list of more than 350 crypto exchanges

The article provides a detailed overview of the major attributes of every Best Cryptocurrency Exchange site and rates them accordingly.

The cryptocurrency market evolves around Cryptocurrency Exchange. No Cryptocurrency Exchange sites are alike.

Each Cryptocurrency exchange differs from other Cryptocurrency Exchanges in its primary role, features, quality of service, and most importantly user experience. Hence, choosing the proper cryptocurrency exchange can be a tedious job.

Therefore, Below we have listed and explained the different types of Cryptocurrency Exchange sites available worldwide. How do Cryptocurrency Exchanges differ? And What attributes to look for before choosing the best possible cryptocurrency exchange site that serves your purpose.

Types of Cryptocurrency Exchange sites

As I said above no two crypto exchanges are alike. They differ according to their primary purpose, features, and services offered. I have categorized Cryptocurrency exchanges into three parts.

1. Cryptocurrency margin trading platforms

These are the more traditional exchanges “similar to the stock exchange” where you trade altcoins at an open market price. Margin trading types of exchanges charge a tiny amount of fee for a transaction.

This type of exchange allows you to trade cryptocurrency against another cryptocurrency. They provide a trading platform with advanced trading tools like coin price charts, margin trading, etc. 

Most of these Cryptocurrency exchange sites also offer to trade crypto derivatives with high leverage.

Binance, Bitmex, ByBit, and OKEx exchange are the best cryptocurrency exchange sites examples of these types of Cryptocurrency margin trading platforms

2. Cryptocurrency Brokers

Cryptocurrency Broker is kind of similar to a cryptocurrency trading exchange which allows users to buy cryptocurrencies at a slightly more expensive price than the original market price of the currency with Fiat currency like USD, Euro, AUD, and INR.

Brokers work as third-party services which adds their premium to the original market price of the cryptocurrency.

These exchanges work like wholesalers which buy the product at wholesale prices and sell at their own price tag. Most cryptocurrency brokers are also trading platforms with basic trading tools.

Cex.io, Coinmama, and  Coinbase are the best cryptocurrency exchange sites for Brokers trading

Read the detailed Coinbase review 2022

changelly vs shapeshift review and comparison 2022

3. P2P exchange (Peer-to-Peer Exchange sites)

P2P types of Cryptocurrency Exchange sites act as a middleman between the buyer and the seller and let them trade at whatever price they want.

Local Bitcoins exchange is a prime example of this type of exchange. The best part of these types of exchanges is that you have the option to buy and sell the coin using any payment method including cash.

To counter the risk associated with peer-to-peer transactions. Exchange uses an escrow service that holds the cryptocurrency until the confirmation of payment by both parties.

How does an Escrow service work?

First, the buyer makes the payment and then confirms the payment execution at his/her end. The seller releases the cryptocurrency after confirming receiving the payment. The exchange charges a tiny amount of escrow fees from both parties.

Exchanges also use a reputation system to categorize reliable and trustworthy sellers and buyers.

At LocalBitcoins Exchange you can buy bitcoin with each and every possible payment method including gift cards, Apple Pay, Cash, and Countries’ local payment methods.

Local Bitcoins and Paxful are the best cryptocurrency exchange sites for P2P trading.

Note: You can buy bitcoin with INR instantly at Localbitcoins

What features to look for before choosing the top cryptocurrency exchanges

Below is the list of factors or features one should check to choose any crypto exchange.

1. Background

Reputation and the background of an exchange is the first thing to inquire about top cryptocurrency exchanges.

The best way to check the reputation of the platform is to read user reviews on public forums like Bitcoin talk, medium, Reddit, and crypto influencers.

It gives an overview of the past practices of a cryptocurrency exchange site and gives you the confidence to invest your money in the platform

2. Security

The best cryptocurrency exchange sites must have robust security. So the user feels confident to invest the money in the platform and can trade with peace of mind without worrying about the trading asset.

3. The interface of the exchange

The interface of the best cryptocurrency exchange sites is the next big thing to consider before choosing the platform. A flexible, easy-to-navigate, dynamic, and well-structured interface provides a much better user experience.

4. Fees

Fees are another major factor in choosing the right type of Exchange. The low-fee cryptocurrency exchange helps users to make more profit than the high-fee exchange.

5. Number of altcoins to trade

The number of altcoins available on a Cryptocurrency exchange site provides you with more options to maximize profit.

Best altcoins to invest in 2020

6. Payment options

The number of payment options supported by the platform makes it more accessible and flexible. It provides more opportunities for users to access the platform.

The higher number of payment methods also maximizes the profit potential for the users as different payment methods have different transaction fees.

Certain payment methods are also best suited to certain users according to location, fiat currency, and accessibility.

Best Cryptocurrency exchange sites provide a large number of payment options for their user, so they can easily and quickly deposit and withdraw money

7. Liquidity

Liquidity means how quickly the trader can get their hands on your wanted currency by exchanging it for other currencies. Higher liquidity better the Cryptocurrency exchange for crypto trading.

8. Trading tools

Trading tools are the trading features or add-on trading services offered by the cryptocurrency trading platform. Which provides a user with more trading options, and trading types, and makes crypto trading more convenient.

9. Customer support

Customer Support of the exchange plays a major role in the user experience and reflects the good practices of the platform.

10. Trading volume

High trading volume exchange gives a strong indication of the popularity, credibility, and good practices of the cryptocurrency exchange site. It shows people are ready to invest in the platform.

Best Cryptocurrency exchange sites – Features and Comparisons

Cryptocurrency Exchange

Payment methods

Crypto Supported

Pros

Cons

Changelly pro

• Accept credit card, Debit card, Prepaid cards, Virtual cards and cryptocurrencies as the payment methods
• An advanced margin trading version of changelly instant cryptocurrency exchange site
• Uses ‘Maker -Taker’ fee model Maker and Taker both charged with 0.1%  trading fee

• Bitcoin Cash (BCH)
• Bitcoin (BTC)
• Bitcoin Gold (BTG)
• Gemini Dollar (GUSD)
• Ethereum (ETH)
• Tether (USDT)
• Chain Link
• Ontology
• OmiseGO (OMG)
• USD Coin
• Ontology Gas (ONG)
• NEO
• GAS
• BAT
• Cosmos (ATOM)
• 50 more cryptocurrencies

• An advanced margin trading platform
• Offers leverage up to 10x
• Trading pairs is available in BTC, USDT, ETH
• Retains all other features of changelly cryptocurrency exchange site.

• Relatively new trading platform
• Trading Fee is relatively high

LocalBitcoins Exchange

• Can buy and sell Bitcoin with every possible payment method at any part of the world
• Accept each and every payment method
• Supports each and every Fiat currency
• Reasonable payment fees

• Bitcoin

• By-Far the best peer-to-peer (p2p) Exchange site
• Available worldwide
• Can buy and sell bitcoins in local payment methods like Paytm, UPI and Cash in India.
• Can buy Bitcoin with Gift cards, Apple pay and more
• Buy and sell Bitcoin instantly and anonymously

• Can find high exchange rates with a few payment methods

Changelly

• Accept credit card, Debit card, Prepaid cards, Virtual cards and cryptocurrencies as the payment methods
• Flat 0.25% crypto to crypto conversion fee
• Credit card buying fee depends on the 3rd party service provider
• 5% buying fee via simplex
• Moonpay charges 7% fee
• Indacoin 10% fee

• BitTorrent (BTT)
• Bitcoin Cash (BCH)
• Bitcoin (BTC)
• Bitcoin Gold (BTG)
• Gemini Dollar (GUSD)
• Ethereum (ETH)
• Tether (USDT)
• Chain Link
• Ontology
• OmiseGO (OMG)
• USD Coin
• Ontology Gas (ONG)
• NEO
• GAS
• BAT
• Cosmos (ATOM)
• TEZOS
• Ripple (XRP) 
• Dash (DASH)
• Zcash (ZEC) 
• Litecoin (LTC) 
• Stellar (XLM)
• And 200 more

• Changelly is one of the best instant cryptocurrency exchange site
• More than 200 cryptocurrencies available to buy, sell and trade
• It offers a flat exchange fee of 0.25% (competitive)
• Only requires an email to access the platform services

• Relatively high credit card buying fee 5% to 10%

ByBit Exchange

• Accept fiat deposits using Credit & Debit card, Bank Transfer, and other local payment methods like UPI in India
• Accept cryptocurrencies
• Can buy cryptocurrencies directly with USD, INR and other major Fiat currency
• There is a fixed 0.1% fee charged for exchange of cryptocurrencies
• ‘Maker- Taker’ trading fee model where Maker receives a rebate of -0.025% and Taker pays 0.075% fee
• Direct crypto buying fee varies
• No deposit and withdrawal fee

• Bitcoin crypto (BTC)
• Ethereum crypto (ETH)
• Ripple coin (XRP)
• EOS coin (EOS)
• Tether coin (USDT)

• High-end margin trading Cryptocurrency Exchange site with avanced trading tools
• High Liquidity Levels
• Low fee
• No KYC required, trade anonymously
• Allows buying bitcoin with Fiat currency
• Offers leverage up to 100X

• Not available in US

HitBTC

• Accept more than 300 cryptocurrencies
• Maker is charged 0.1% and taker is charged 0.2%  for unverified accounts
• No deposit and withdrawal fee (network fee can be applicable)
• Maker is charged 0.07% and taker is charged 0.07%  for verified accounts
• Does accept fiat currency via SWIFT and SEPA

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Cardano (ADA)
• Litecoin (LTC)
• Qtum (QTUM)
• The Abyss
• Algorand
• Cosmos (ATOM)
• PAXOS
• Chainlink
• IOTA
• Bitcoin SV
• 200 more cryptocurrencies

• Massive numbers of cryptocurrencies
• Simple to use despite busy interface
• No forced KYC
• Large transactions have very low fee

• Transparency issues
• slow customer support

Bitmex Exchange

• Accepts only Cryptocurrencies
• Uses Maker-taker fee model
• Takers are charged with a 0.075% trading fee, and  for Makers fee is -0.025% (Thus, Makers get paid 0.025% for making trades). 
• No deposit and withdrawal fee 

• BTC 
• ETH 
• LTC 
• XRP 
• ADA 
• BCH 
• EOS

• One of the best and renowned Cryptocurrency margin trading platform
• Low trading fee
• Available worldwide
• Offers up to 100x Leverage
• Highly secure multisignature wallet
• Can trade derivatives and futures

• Fiat deposits are not accepted

Coinmama Exchange

• Credit & debit card accepted
• Bank transfer & SEPA, Cash
• 5% transaction fee
• 5.5% fee using the credit & debit card
• Available worldwide

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Cardano (ADA)
• Litecoin (LTC)
• Qtum (QTUM)
• Ripple (XRP)

• One of the Best cryptocurrency broker
• Buy & sell instantly
• Security is robust
• Cash is also accepted

• Relatively high transaction fee

Cex.io Exchange

• Credit & debit card accepted
• Bank transfer, SEPA
• 7% instant buying fee with the credit card
• maker-taker trading fee model
• Maker: 0-0.16%, Taker: 0-0.25% 

• BitTorrent (BTT)
• Bitcoin Cash (BCH)
• Bitcoin (BTC)
• Bitcoin Gold (BTG)
• Gemini Dollar (GUSD)
• Ethereum (ETH)
• Tether (USDT)
• Chain Link
• Matic
• Ontology
• OmiseGO (OMG)
• USD Coin
• Ontology Gas (ONG)
• Wabi
• NEO
• GAS
• BAT
• Cosmos (ATOM)
• TEZOS
• Ripple (XRP) 
• Dash (DASH)
• Zcash (ZEC) 
• Litecoin (LTC) 
• Stellar (XLM)
• MetaHash (MHC)
• TRON (TRX)

• One of the Best cryptocurrency exchange site and broker
• Buy & sell altcoins instantly
• No commission for bank deposits
• offer wallet to store cryptocurrencies
• Margin trading available

• High buying fee with a credit & debit card directly

Coinbase Exchange

• Credit & debit card accepted
• Bank & Wire transfer
• 3.99% trx fee using the credit & debit card
• Available in 190 countries
• Allows buying cryptocurrencies in only 32 countries
• Also, an insured crypto wallet

• Bitcoin
• Ethereum
• Litecoin
• Bitcoin cash (BCH)
• Ripple (XRP)
• Dai
• EOS
• Stellar
• Tezos
• Ethereum Classic (ETC)
• Maker (MKR)
• Zcash
• Chainlink
• And 31 more

• One of the renowned cryptocurrency exchange
• Altcoins deposits are insured
• Relatively low credit card buying fee
• Beginner-friendly to buy & store the coins

• Allows buying cryptocurrencies in only 32 countries
• lethargic customer support

Binance Exchange

• Accepts more than 200 Cryptocurrencies
• Flat 0.1% instant trading fee
• Binance derivatives trading platform enjoy even lower fees, starting at 0.02% / 0.04% for makers or takers respectively
• Can buy crypto using Credit & Debit card via Simplex
• Simplex charges 3.5% per trade

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Cardano (ADA)
• Litecoin (LTC)
• Qtum (QTUM)
• Ripple (XRP)
• 200 more cryptocurrencies

• One of the top cryptocurrency exchange site
• One of the Lowest trading fee platform
• Can trade futures and derivatives
• Using BNB token (Binance native coin) can reduce up to 50% trading fee
• Robust secure multi signature wallet
• Multi language support (100 +)
• More than 250 altcoins available to trade
• High daily trading volume

• Slow customer support

BitFinex

• Accept fiat currency using bank wire transfer
• Can buy crypto with credit & debit card (fee varies)
• 0.1% deposit fee with bank wire
• For trading derivatives Maker receives a rebate of -0.020%, Taker pays  0.075% trading fee
• 0.1% Maker fee and 0.2% taker fee

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum Classic (ETC)
• Cardano (ADA)
• Litecoin (LTC)
• Qtum (QTUM)
• The Abyss
• Algorand
• Cosmos (ATOM)
• PAXOS
• Chainlink
• 100 more cryptocurrencies available

• One of the trustworthy and best cryptocurrency exchange site
• Zero crypto to crypto conversion fee
• Offer Derivatives trading with leverage 
• Advanced app building protocols
• High liquidity
• Relatively low trading fee
• Available worldwide including USA

• Direct Credit card buying fee can vary from 3.5% to 10% depending on the chosen third party service provider

Huobi pro

• Does accept Fiat currencies via bank transfer
• ‘Maker -Taker’ fee model. Fee varies from 0.35% to 1%
• Can buy crypto with credit & debit card 
• 3.5% OTC fee (only for wallat balance)
• Direct credit & debit card buying fee ranges 7% to 15%

• More than 100 cryptocurrencies available to trade including exchange native token Huobi token HT

• Sophisticated cryptocurrency margin trading platform
• Huobi token (HT),  Exchange native coin can be used for multiple benefits
• HT payers can receive up to 50% trading fee discount and VIP membership for free
• High Liquidity
• Offer derivatives trading along leverage

• Previously accused of Falsifying Trading Volumes
• Relatively high trading fee

OkEx Exchange.

• Bank transfer, Sepa
• Credit & debit card
• Can buy and sell crypto with multiple payment methods including countries local payment methods like UPI in India 
• Crypto buying fees varies depending on the payment methods
• The Exchange charges 0.10% for maker fee and 0.15% for taker fee.

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• OKB Token
• Ethereum Classic (ETC)
• Cardano (ADA)
• Litecoin (LTC)
• Qtum (QTUM)
• The Abyss
• Algorand
• Cosmos (ATOM)
• PAXOS
• Chainlink
• 160 more cryptocurrencies available

• The Highest Daily trading volume
• Can buy & sell 160 cryptocurrencies directly with multiple payment methods
• OKB token can used to claim 50% discount in trading fee 
• One of the top exchanges for cryptocurrency trading margin and derivatives

• Not available for US users
• Direct crypto buying fee can be as high as 10%