Due to a lack of technical knowledge, newcomers are often overwhelmed with the crypto market and therefore shy away from investing. For this reason, almost all crypto exchanges have special features for beginners . We have therefore compiled a list of the 10 best trading platforms for newbies according to different criteria:
Do you have any other questions about crypto exchanges? We are glad to help you.
Contents
- 1 In this guide you will learn:
- 2 etoro.com – Best for traditional investors and the copy trade feature
- 3 Why eToro
- 4 Important facts about eToro:
- 5 fees
- 6 Advantages and disadvantages
- 7 okx.com – The best crypto ecosystem
- 8 Why OKX
- 9 Important facts about OKX:
- 10 staking
- 11 fees
- 12 Advantages and disadvantages
- 13 Quotex – best for binary option trading with cryptocurrencies
- 14 Quotex Advantages
- 15 Advantages and disadvantages
- 16 Avatrade – Best for diversified assets
- 17 Why AvaTrade
- 18 Important facts about AvaTrade:
- 19 fees
- 20 Advantages and disadvantages
- 21 bybit.com – Best Spot Trading Fees
- 22 Why Bybit
- 23 Important facts about Bybit:
- 24 staking
- 25 tutorials
- 26 fees
- 27 Advantages and disadvantages
- 28 mexc.com – Best for margin trading
- 29 Why we chose them
- 30 Important facts about MEXC:
- 31 staking
- 32 fees
- 33 Advantages and disadvantages
- 34 gate.io – Best for altcoins
- 35 The platform offers:
- 36 Why gate
- 37 Important facts about Gate:
- 38 staking
- 39 fees
- 40 Advantages and disadvantages
- 41 kraken.com – Best UI
- 42 Why octopuses
- 43 Important facts about octopuses:
- 44 staking
- 45 fees
- 46 Advantages and disadvantages
- 47 binance.com – Largest crypto platform and best mobile app
- 48 Why Binance?
- 49 Important facts about Binance (or Binance US):
- 50 staking
- 51 fees
- 52 Advantages and disadvantages
- 53 dydx.exchange – Best decentralized crypto exchange
- 54 Why dyx?
- 55 Important facts about dydx:
- 56 fees
- 57 Advantages and disadvantages
- 58 The guides and a direct comparison of all nine crypto exchanges
- 59 Beginners are spoiled for choice
- 60 frequently asked Questions
- 60.1 Which crypto platform is the easiest to use?
- 60.2 Which cryptocurrency is best for newbies?
- 60.3 What is the best way to start trading as a crypto beginner?
- 60.4 Which crypto exchange is the safest?
- 60.5 Which crypto exchange has the lowest fees?
- 60.6 How can I start day trading cryptocurrencies?
- 60.7 What is the easiest way for me to get started with crypto?
In this guide you will learn:
- etoro.com – Best for traditional investors and the copy trade feature
- okx.com – The best crypto ecosystem
- Quotex – best for binary option trading with cryptocurrencies
- avatrade – Best for diversified assets
- bybit.com – Best Spot Trading Fees
- mexc.com – Best for margin trading
- gate.io – Best for altcoins
- kraken.com – Best UI
- binance.com – Largest crypto platform and best mobile app
- dydx.exchange – Best decentralized crypto exchange
- Beginners are spoiled for choice
- frequently asked Questions
etoro.com – Best for traditional investors and the copy trade feature
eToro was founded in 2007 and has over 25 million users in 140 different countries including Germany and the USA. The platform has since offered ETFs alongside forex trading , stocks and commodities . However, for American customers prior to 2022, the offering was limited to crypto.
The online broker is known for its social investing features, including the infamous copy trading . This innovative tool allows investors to literally copy trades from other investors, even automatically.
Investors can also practice with a demo account (paper trading). Each eToro account also receives an account with a virtual balance of 100,000 US dollars . This allows you to warm up to the platform and all of its features without risking any real money .
In addition, eToro allows its users to trade a variety of assets , including popular cryptocurrencies. However, social trading is the most important function of the platform. Users can also create a newsfeed composed of their favorite traders, companies or assets. You can also directly follow your favorite traders , interact with them , or even copy them .
With the latter, all trades of the selected trader are imitated with a capital predetermined by the user . So if the investor buys bitcoins, for example, the same trade will be carried out on the user’s account.
Why eToro
eToro does not have all the tools and services of a full-fledged crypto exchange, but it is one of the best platforms for beginners. Crypto withdrawals require a login to the eToro app .
For beginners, it is extremely easy with cryptocurrencies or even other assets; such as ETFs; to act. However, copy trading remains the absolute highlight of the platform .
Important facts about eToro:
- Established in 2007
- Volume: N/A
- Available cryptocurrencies: 50
- Headquarters: Israel
- Type: Online brokerage platform
- Staking: Not available
fees
eToro charges a 1% fee for buying or selling cryptos. However, these costs are included in the spread , which is why you only see the buy and sell price on the platform . This commission is not charged for trading in stocks or ETFs . If you sell a share, the broker automatically pays the regulatory transaction fees . (Spread is the difference between the effective buying and selling price of an asset.)
In addition, there is a withdrawal fee of $5 and a monthly inactivity fee of $10 (due after 12 months of no trading activity). There are different bonuses depending on the account balance . For example, there are no withdrawal fees from $25,000 . You can find an overview of all bonuses here .
💡 Bitcoin purchase fee : 1% (included in the spread).
Advantages and disadvantages
Social trading (users can follow trades of popular investors copy) | The eToro trading platform is not available everywhere (some countries and US states have no or limited access). |
Advanced trading features on the mobile app (including crypto withdrawals) | eToro does not offer crypto vs crypto trading pairs. |
Easy to use and suitable for anyone interested in both crypto trading and traditional investing. | Cryptocurrencies cannot be transferred directly to a wallet , but must be transferred via a separate app. |
okx.com – The best crypto ecosystem
OKX is also very beginner-friendly and offers a whole range of useful services . Based in Seychelles, the exchange is accessible to users from all over the world except the United States . The crypto platform also offers low exchange fees, which is why it is one of the favorites for crypto investors.
The platform was founded in 2017 and has offices around the world in addition to its headquarters in the Seychelles . Altogether OKX has more than 20 million users from over 100 countries . Due to regulatory reasons, the crypto exchange does not accept US users .
The platform supports:
- margin loans
- staking
- Earning interest with cryptos
- Loans backed by cryptos
- mining pools
- Its own blockchain called OKExChain
Similar to a bank account, OKX can not only be used as a crypto wallet and exchange, but also gives you access to various financial services .
Why OKX
After opening an OKX account, you can buy cryptocurrencies using a credit card , bank account or mobile wallet . The savings and staking features also offer you exceptional returns. While not the largest crypto exchange, it supports a variety of currencies and services. OKX is a great option if you want to manage all your crypto activities in one place.
Important facts about OKX:
- Established in 2017
- Volume: US$2,225,178,757 ($ 2.2 billion )
- Available cryptocurrencies: 352
- Registered office: Seychelles
- Type: Centralized
staking
cryptocurrency | Staking Yield | blocking period |
MATIC | 25.65% | 120 days |
DOT | 21.75% | 120 days |
LTC, UNI, DOGE, LINK, MANA & more | 5% | 90 days |
fees
Like any other crypto exchange, OKX Maker and Trader charges trading fees that depend on the tier of the account . For spot trading they are between 0.080% and 0.005% . It is 0.08% for makers and 0.10% for takers .
(Market makers create limit orders and wait for them to be filled. Makers earn a commission called a spread . Market takers place market orders and usually have them filled immediately. Takers pay the spread .)
💡 Bitcoin purchase fee: 0.08% to 0.10%.
Advantages and disadvantages
Low trading fees for spot trading, decreasing at 0.10% with larger trading volume. Anyone who owns OKX tokens will receive discounts on these fees depending on the amount . | Inaccessible to US customers . OKX is not available there for regulatory reasons. |
High return for staking. Users can earn more than 100% APY (Annual Percentage Yield) with certain cryptos . | Despite being one of the best crypto exchanges for beginners, some currencies have low liquidity . |
The purchase of cryptocurrencies is possible with a few clicks via credit card, bank account or wallet. In addition to other payment services, Apple Pay and Google Pay are also supported. |
Quotex – best for binary option trading with cryptocurrencies
Quotex is an online trading broker that offers a comprehensive platform for binary options, cryptocurrency, commodities like metals, stock indices and other securities. It has gained popularity among traders for its versatile offerings.
Quotex was introduced in 2019 and since then has rapidly gained traction due to its effectiveness and efficiency. Quotex offers unique trading technology that can be tailored to meet individual investors’ objectives and specifications. We will be exploring how the platform works in this review.
To begin trading, you can start with a free demo account and the minimum deposit required is just $10 and they provide 24/7 customer support with two-factor authentication on all accounts for extra security. In addition, they include 29 technical indicators. Quotex has been gaining traction in the option trading world, being viewed as one of the top-ranking binary option platforms by many. To assess if it is really the best, let’s examine its features and capabilities to understand how it meets the needs of traders.
Quotex Advantages
Quotex is a top-tier binary options platform that can be used for trading cryptocurrencies. It offers various benefits, including free demo account, quick withdrawals, low fees, variety of payment methods and high security to name a few.
Affordable Minimum Deposit
Quotex offers a low minimum deposit of only $10, making it one of the most accessible online trading platforms available. This gives traders from all walks of life access to the exciting world of online trading. With limited funds, you can still enter the world of trading on Quotex. All you need is just a few bucks for deposits and you will have access to the latest technologies at your disposal. The deposit process is straightforward and simple to begin with.
Easy To Use Trading Platform
Quotex provides an easy-to-understand interface which is perfect for uninitiated traders. Navigating the markets and finding profitable opportunities can be daunting, but Quotex is a great place to start.
No Account Fees, Trading Fees, and No Deposit, Withdrawal Fees
Quotex’s pricing is very competitive in the markets due to its lack of transactional fees. This means, no commissions or charges on deposits, trades and withdrawals, making it a favourable choice for many traders who are looking for fair trading costs. Quotex does not make any profits from customers’ actions such as entering new positions, executing trades or purchasing and selling cryptocurrencies.
Up to 95% Maximum Payout
Quotex stands out due to its generous payouts, which can reach up to 95%. Investing in the stock market can provide a profitable return with relative safety, making it an attractive option for those looking to generate some extra income. One of the main advantages of this platform is its extremely low fees, thus almost all profits from any trading can be kept as your own.
Advantages and disadvantages
No Account Fees, Trading Fees, and No Deposit, Withdrawal Fees | Inaccessible to US customers . Quotex is not available there for regulatory reasons. |
Quotex provides an easy-to-understand interface which is perfect for uninitiated traders. | Quotex offer only digital options trading |
Quotex offers a low minimum deposit of only $10, making it one of the most accessible online trading platforms available. |
Avatrade – Best for diversified assets
AvaTrade was founded in 2006 and is based in Ireland . The platform is strictly regulated by numerous financial authorities around the world . This makes it one of the safest and most reliable platforms for its more than 300,000 customers . AvaTrade currently processes more than three million transactions per month .
Thanks to heavy regulation , AvaTrade can also offer CFDs (a Contract for Differences is a financial contract where the difference between an open trade and a closed trade is paid). In addition, there is a wide range of assets and account types to meet all user needs.
This platform is one of the first forex brokers to introduce CFD trading on commodities, stocks, indices and now cryptos. All of these assets can be managed through the AvaTradeGo app and the WebTrader app . The broker also offers minimal spreads and high leverage options.
Why AvaTrade
AvaTrade is more than just a crypto trading app. With over 1,000 assets , it offers its users a wide range of financial instruments . The different asset classes include forex, stocks, commodities, ETFs, bonds and of course cryptos.
Important facts about AvaTrade:
- Established in 2006
- Volume: N/A
- Available cryptocurrencies: 18
- Registered office: Dublin, Ireland
- Type: Online Broker Account
- Staking: Not available
fees
Unlike other platforms, online brokers like AvaTrade only charge a small spread and no commissions on trades. For example, for EUR/USD, this is 0.91 pips . (A pip is a unit of currency trading that indicates price changes. For most currencies, it’s an increase or decrease to the fourth decimal place).
AvaTrade does not charge commission for trading Forex, CFDs or deposits.
💡 Bitcoin purchase fee: 0.25-2% (included in the spread).
Advantages and disadvantages
You can open an account in just a few steps | Cryptos cannot be withdrawn |
Deposits and withdrawals are free of charge | Inactivity Fees |
Lots of good tutorials for beginners | Forex fees higher than other platforms |
bybit.com – Best Spot Trading Fees
Bybit is one of the most famous crypto futures platforms based in the British Virgin Islands and was founded in 2018 . Since then, the crypto exchange has seen remarkable growth with more than 2.5 million users worldwide.
The user interface is intuitive and designed for fast and efficient trading , which makes it particularly attractive for futures traders. It can process up to 100,000 trades per minute and investors can benefit from perpetual contracts with up to 100x leverage .
Why Bybit
Bybit offers fast deposits and withdrawals , and the app is available for both Android and iOS devices. It is one of the best platforms for bitcoin trading , especially if you are also interested in spot trading and futures .
Bybit offers fast deposits and withdrawals and the app is available for both Android and iOS devices. One of the best platforms for trading bitcoins , especially if you are also interested in spot and futures trading.
Important facts about Bybit:
- Established in 2018
- Volume: US$1,507,182,445 (1.5 billion)
- Available cryptocurrencies: 261
- Registered office: British Virgin Islands
- Type: Centralized Exchange
staking
cryptocurrency | Staking Yield | blocking period |
ETH | 30% | 3 days |
USDT | 10% | Flexible |
BUSD | 8th % | Flexible |
tutorials
In this guide you will learn everything you need to know about Bybit .
fees
Takers pay 0.075% while makers are paid 0.025% for each added trade . In terms of costs, the trading platform is therefore very competitive and financially encourages market makers to actively contribute to the order book .
Takers pay 0.075% while makers receive 0.025% for each added trade . This makes the trading platform very competitive in terms of costs and offers market makers a financial incentive to actively contribute to the order book . In addition, withdrawals of 0.0005 BTC cost almost half compared to the largest crypto exchanges.
As an investor, you also have to pay a funding fee once you open a position. Because margin trading is based on trading positions , you can both get paid and charged for your transaction, depending on the case.
💡 Bitcoin purchase fee: 0.10.
Advantages and disadvantages
Bybit is among the top three platforms for derivatives trading | There is only a limited number of trading pairs |
Supports contract settlement with tokens like USDT | Bybit is not officially regulated |
Reduced risk of price manipulation and liquidations | |
Big bonuses |
mexc.com – Best for margin trading
Founded in Seychelles in 2018 , MEXC has been making waves around the world lately. The core members of the team are finance and business professionals with extensive experience in the blockchain industry.
The platform has compliance licenses in Switzerland, Canada and three other countries . The crypto exchange lists 1521 cryptocurrencies (2108 pairs) with a daily trading volume of around $ 4 billion .
Why we chose them
MEXC is also an excellent crypto exchange for beginners. It offers spot and margin trading, ETFs, futures and staking. Also, the exchange has a very user-friendly app that is available for all devices.
Important facts about MEXC:
- Established in 2018
- Volume: $4,002,112,336 (four billion)
- Available cryptocurrencies: 1521
- Registered office: Seychelles
- Type: Centralized Exchange
staking
cryptocurrency | Staking Yield | blocking period |
TRON | 4% | Flexible |
DOT | 5-8% | 30 days |
EOS | 1.50% | 10 days |
fees
There is no deposit fee and trades are only charged 0.2% of the transaction value. These fees are reduced for traders with MX tokens in their accounts .
As with most crypto trading apps, there is a withdrawal fee (0.0005 BTC or 10 USDT).
💡 Bitcoin purchase fee: 0.2%.
Advantages and disadvantages
- Buy and sell cryptos quickly
- Over 1,520 cryptocurrencies available
- There is a copy function similar to that of eToro
- Trade with up to 125x leverage
- A very limited number of cryptocurrencies are available for quick purchases
- No payment in fiat
gate.io – Best for altcoins
Gate.io is a Chinese crypto-vs-crypto trading platform that has been operating since 2013 and was called Bter.com until 2017. It is one of the oldest crypto-to-crypto exchanges in China and has a strong trading engine (software for recording orders).
The platform offers:
- Up to 10x leverage for bitcoin traders interested in margin trading
- You can lend or borrow money to margin traders
- investment plans
- startup platform
- Perpetual Swap Contracts
- 24/7 customer support (live chat)
- Security features and multiple ways to secure your account
- 400 cryptocurrency markets
Why gate
Gate.io is considered one of the best crypto exchanges for beginners due to its extensive range of crypto pairs. The platform also attaches great importance to security and has been rated by CER as one of the best crypto exchanges (Comparative Effectiveness Research). However, it does not accept fiat currencies .
Important facts about Gate:
- Established in 2013
- Volume: $1,227,816,046 (one billion)
- Available cryptocurrencies: 1534
- Registered office: Cayman Islands
- Type: Centralized
staking
cryptocurrency | Staking Yield | blocking period |
EOS | 4% | 14 days |
cosmos | 16% | 14 days |
algorithm | 16% | 14 days |
fees
Like most crypto exchanges, Gate.io offers attractive trading and service fees (only 0.2% per trade). However, crypto and especially bitcoin traders should also be aware of withdrawal fees , which vary by coin . For example, Gate.io charges 0.001 BTC for BTC withdrawals .
Like most crypto exchanges, Gate.io offers attractive trading and service fees (only 0.2% per trade). However, crypto and especially bitcoin traders should also be aware of withdrawal fees, which vary by coin . For example, Gate.io charges 0.001 BTC for BTC withdrawals .
💡 Bitcoin purchase fee: 0.01-0.2%.
Advantages and disadvantages
- Over 1500 cryptocurrencies
- Almost 400 markets
- Margin trading with 10x leverage
- mobile app
- Good customer support
- No fiat deposits possible
- Crypto-to-crypto only
- unregulated
- REGISTER
kraken.com – Best UI
Founded in 2011 , Kraken is one of the largest and most trusted crypto exchanges available in almost every country . Investors can buy, sell and hold more than 185 different cryptocurrencies on the San Francisco-based exchange . The premium version (Kraken Pro) also comes with low fees .
The Pro Dashboard offers highly customizable chart analysis tools and an in-depth view of the order book. It also offers 13 job types and high-speed execution. In addition, users can use cryptos for margin trading and even develop strategies for crypto derivatives.
Why octopuses
Kraken is also a favorite among crypto exchanges for beginners due to its wide range of functions . The platform is long established and has proven itself to both novice and professional investors alike since the early days of the crypto industry .
Important facts about octopuses:
- Established in 2011
- Volume: US$1,596,057,034 (1.5 billion)
- Available cryptocurrencies: 211
- Headquarters: San Francisco
- Type: Centralized Exchange
staking
cryptocurrency | Staking Yield | blocking period |
MATIC | 5-9% | 1 year |
ATOM | 12-15% | 1 year |
DOT | 9-12% | 1 year |
fees
The fees for Buy It Now via Spot Trading on Kraken’s main platform are quite high at up to 1.5% . However, on Kraken Pro , the cost is very low. Pro has a tiered fee structure with discounts for high-volume traders.
Kraken Pro taker and maker fees are 0.26% for traders trading under $50,000 per month. From a trading volume of more than ten million US dollars , they can drop to 0% .
💡 Bitcoin purchase fee: 0%-0.26%.
Advantages and disadvantages
- Wide range of crypto pairs
- Low Fees (Kraken Pro)
- Margin Trading and Crypto Staking (Kraken Pro)
- Extensive range of educational resources to support new crypto traders and investors
- Only a few fiat currencies and no ACH transfers are accepted
- Deposits and verifications can take a long time
binance.com – Largest crypto platform and best mobile app
Binance is probably the largest crypto exchange and also one of the most popular. This automatically makes it the best platform for beginners for many. However, it is relatively new to the market compared to other exchanges. In 2017, it was founded by Changpeng Zhao (known as CZ on social media). Since then, she has seen significant growth in customers and products .
Binance has launched its own blockchain ecosystem , which includes a mining pool and staking features . Binance also offers lending and spot , futures , and OTC trading , as well as an NFT market . It also offers a standalone crypto wallet called Trust Wallet for those who prefer to manage their private keys themselves .
If a reliable mobile app is important to you, Binance might be the best choice for you. The crypto giant’s app has many trading features, high trading volume and the widest range of digital assets available on a crypto exchange.
Why Binance?
Binance offers a variety of trading options with a wide range of market charts and hundreds of different cryptocurrencies. The mobile dashboards can also be accessed from a desktop computer. Options, futures , and multiple order types are also offered. However, United States users have limited access . For them, there are only about 140 cryptocurrencies to choose from and many features and options are locked.
Important facts about Binance (or Binance US):
- Established in 2017
- Volume: 29,407,401,291 or about $30 billion (international) and $627,635,065 (Binance US)
- Available cryptocurrencies: 355 (Binance International); 141 (BinanceUS)
- Registered office: Cayman Islands
- Type: Centralized Exchange
staking
cryptocurrency | Staking Yield | blocking period |
SOL | 13.90% | 120 days |
ADA | 10.90% | 120 days |
FLOW | 12.79% | 90 days |
fees
Binance is the cheapest crypto exchange in the entire industry . For US users, fees for buying and selling cryptos on binance.us are higher, but still lower than elsewhere.
The crypto exchange has a tier-based maker and taker fee structure that correlates to your account’s trading volume and BNB balance. The cost varies between 0.00% and 0.01% . As always, higher volume of trades means lower fees.
Deposit fees for fiat via credit or debit card are in line with other trading platforms at 4.5% .
💡 Bitcoin purchase fee: 0%-0.01%.
Advantages and disadvantages
- Hundreds of cryptocurrencies are supported
- Binance offers more crypto pairs than any other app
- Version for US customers (although limited)
- Some of the lowest fees in the industry
- Various trading and ordering options (spot trading, peer-to-peer, margin trading and more)
- The interface of the platform can be confusing at first
- Overwhelming amount of trading options and features
- No directly integrated wallet as is the case on some other crypto exchanges. Trust Wallet is recommended by the company, but may not provide enough support with Binance transactions in case of problems
dydx.exchange – Best decentralized crypto exchange
dydx is the best choice for those who want to trade on a decentralized crypto exchange (DEX). On a DEX exchange like dydx, you can also buy Bitcoins without registering and trade them directly.
dydx’s liquidity pool also allows you to earn interest on your crypto holdings . Therefore, if you want to buy or sell cryptos without having to go through the KYC (Know Your Customer) verification process, this is one of the best trading platforms. You can also connect your cold wallet and always keep your funds safe. However, dYdX only supports wallets using WalletConnect .
dydx traders can also earn passive income through liquidity mining . The DEX charges a small commission for each crypto trade , which it shares with all liquidity providers within the pool. This is made possible by the high liquidity of the platform, which is essential for a decentralized crypto exchange.
You can use dydx with the following wallets : MetaMask, Coinbase Wallet, Ledger, Trezor, Wallet Connect, imToken. It thus supports most of the most popular crypto wallets.
Why dyx?
With dydx you can also trade on Ethereum-based tokens (ERC-20), dydx and the associated smart contracts are also based on this blockchain. For beginners, however, the most important thing is the user-friendly design .
Users can easily connect their crypto wallets, swap one token for another, and deposit their coins into a liquidity pool. However , it is currently only available for iOS . The Android version should come in a year.
Important facts about dydx:
- Established in 2018
- Volume: $2,918,501,256 (three billion)
- Available cryptocurrencies: 795
- Headquarters: N/A (Decentralized)
- Type: Decentralized Exchange
- Staking: Only DYDX with 2.50% staking yield and a 28 day lock period.
fees
Trading cryptocurrencies up to USD 100,000 is free on dydx . This is followed by a tiered fee structure , which you can see here . However, the slippage fees should not be ignored. Users can set these themselves. By default, however, it is set to 0.5% . With high volatility , a higher slippage tolerance is necessary for a successful trade.
Traders should also consider transaction fees , which are costs of the blockchain network that have nothing to do with the crypto exchange itself. Also known as gas fees or just gas, these fees are different for each blockchain and transaction (it also depends on the “traffic” on the blockchain.
Ethereum is notorious for its high transaction fees . However, gas prices have fallen since moving to a Proof-of-Stake (PoS) blockchain. At dydx, the gas price depends on the transaction volume in the network.
💡 Bitcoin purchase fee: 0.30%.
Advantages and disadvantages
- User-friendly design
- Income from liquidity mining (by becoming a liquidity provider)
- No KYC verification process necessary
- You can connect your crypto wallet to interact with the crypto exchange and always have complete control over your digital currencies and crypto assets.
- dydx is a DEX exchange and does not accept fiat money (crypto-to-crypto only)
- Trading on a DEX results in additional fees (blockchain transaction fees)
The guides and a direct comparison of all nine crypto exchanges
- etoro.com – Best for traditional investors and the copy trade feature
- okx.com – The best crypto ecosystem
- avatrade.de – Best for diversified assets
- bybit.com – Best Spot Trading Fees
- mexc.com – Best for margin trading
- gate.io – Best for altcoins
- kraken.com – Best UI
- binance.com – Largest crypto platform and best mobile app
- dydx.exchange – Best decentralized crypto exchange
- Beginners are spoiled for choice
Trading Fees | cryptocurrencies | Minimum deposit (in US dollars) | |
eToro | 1% (included in spread) | 50 | 10 |
OKX | Maker 0.08% Taker 0.10% (Base level) | 352 | 100 |
AvaTrade | 0.25-2% (included in the spread) | 18 | 100 |
bybit | 0.10% | 261 | No minimum. Crypto deposits only. |
MEXC | 0.20% | 1549 | No minimum |
Gate.io | 0.01-0.2% (Maker) 0.025-0.2% (Taker) | 1534 | No minimum |
octopuses | 0% to 0.26% | 211 | Depending on the token |
binance | Up to 0.1% | 355 (Binance.com) 141 (Binance.us) | 10 (depending on deposit type and token) |
dydx | Up to 100k free | 38 | N / A |
Beginners are spoiled for choice
Beginners have many opportunities to familiarize themselves with the crypto market. As you can see from our guide, the decision as to which is the best crypto exchange always depends on the requirements of the user . For example, for a traditional investor looking to add cryptocurrencies to their portfolio, eToro or AvaTrade may be the best choice.
ATTENTION : No matter which token you invest in: As always, do your own homework or DYOR (Do Your Own Research). Invest only what you are willing to lose . Profits are not guaranteed anywhere (whether in the crypto or stock market). There are potentially great risks.
frequently asked Questions
Which crypto platform is the easiest to use?
The answer to this question varies from person to person. If you want to trade both traditional financial instruments and cryptocurrencies, you might want to choose a brokerage account like eToro. Otherwise, a centralized exchange may be a better choice for new crypto investors. However, if you want full control over your crypto assets, you should choose a decentralized exchange.
Which cryptocurrency is best for newbies?
When looking for the best crypto exchange, the question of the best currency also arises. Since you are just starting out, it might be best to just start with the most popular and largest cryptocurrencies like Bitcoin and Ethereum. They are the most stable, oldest and most widespread. That means there are plenty of learning resources and a large, established community for these two, too.
What is the best way to start trading as a crypto beginner?
If you are a newbie, you should look for a crypto exchange or platform that is intuitive to use, available in your country, and has easy-to-follow tutorials. It is also important to know which cryptocurrencies the platform supports and what fees apply.
Which crypto exchange is the safest?
The safest exchange is the one that keeps the majority of its assets in cold wallets. This prevents hackers from accessing and stealing the funds.
Which crypto exchange has the lowest fees?
The costs also differ from platform to platform. Most have a tiered fee structure and encourage their customers to purchase the platform’s native tokens to receive discounts.
How can I start day trading cryptocurrencies?
You need a crypto exchange that offers your favorite cryptocurrencies and low fees. Also pay attention to the withdrawal fees, transaction speed and any conditions with regulators.
What is the easiest way for me to get started with crypto?
The easiest way is through a crypto exchange. Choose one and verify your account. This is usually followed by a deposit in Fiat (e.g. euros) and your first crypto purchase (e.g. Bitcoin for euros).