Best Cryptocurrency Exchanges
Cryptocurrency exchanges are platforms for trading cryptocurrency for other assets and traditional currencies. These tools are widely used by individual investors, traders, and institutional entities across industries. In finance, traders use these platforms for arbitrage, speculation, and long-term investments. Tech industries use them to develop blockchain platforms and cryptocurrency services. Even retail and e-commerce platforms use exchanges to accept crypto payments, facilitating broader and more versatile monetary transactions.
Crypto exchanges are the most common way businesses begin investing in cryptocurrencies. They use these platforms to execute transactions, analyze market trends, and manage digital asset portfolios. These exchanges can also be used as practical mediums for international trading to reduce transactional fees.
Crypto exchanges offer features such as real-time market data, order execution capabilities, and secure storage solutions, empowering users to engage in seamless and efficient trading activities while contributing to price discovery and market liquidity.
To qualify for inclusion in the Crypto Exchanges category, a product must:
Best Cryptocurrency Exchanges At A Glance
G2 takes pride in showing unbiased reviews on user satisfaction in our ratings and reports. We do not allow paid placements in any of our ratings, rankings, or reports. Learn about our scoring methodologies.
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Binance is the no.1 global crypto-currency exchange situated all over the world.
- Financial Services
- Information Technology and Services
- 80% Small-Business
- 13% Mid-Market
14,560,212 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Top global cryptocurrency exchange with over 1400 digital currencies. Established in 2013, Gate.io is one of the pioneering cryptocurrency exchanges in the world and offers services related to the tr
- Manager
- Software Engineer
- Financial Services
- Accounting
- 81% Small-Business
- 13% Mid-Market
2,238,063 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.
- Owner
- Financial Services
- Computer Software
- 87% Small-Business
- 12% Mid-Market
6,504,960 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
PrimeXBT is a technologically advanced cryptocurrency exchange suitable for both beginners and professional traders. PrimeXBT platform allows its users to actively trade more than 30 assets with lever
- Project Manager
- CEO
- Information Technology and Services
- Management Consulting
- 51% Small-Business
- 31% Mid-Market
512,454 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Zengo is a type of self-custodial cryptocurrency wallet solution designed to help users securely manage and store their digital assets without the vulnerabilities associated with traditional seed phra
- Financial Services
- Accounting
- 95% Small-Business
- 5% Mid-Market
44,140 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Ready to revolutionize your crypto trading journey? Look no further! Introducing ACE, the powerhouse backed by Adenasoftware, poised to elevate your trading game to unparalleled heights. Bid farewell
- 63% Small-Business
- 38% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Kraken is one of the world’s longest-standing digital asset platforms. Globally, Kraken clients trade more than 200 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CH
- Financial Services
- 71% Small-Business
- 19% Enterprise
1,681,084 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
OKX is the second largest global crypto exchange by trading volume and a leading Web3 ecosystem. With monthly Proof of Reserve releases, OKX is trusted by over 50 million global users. OKX is the fast
- Accounting
- Financial Services
- 92% Small-Business
- 4% Mid-Market
5,731,851 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
PayBitoPro is an online platform for launching a crypto business in cryptocurrency exchange, brokerage, payments, tokenization, ICO, and banking in minutes.
- Financial Services
- 57% Mid-Market
- 43% Small-Business
1,177 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
eToro has been a leader in the global Fintech revolution. It is the worldleading social trading network, with millions of registered users and an array of innovative trading and investment tools.
- 88% Small-Business
- 8% Enterprise
357,503 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Bitso is a cryptocurrency exchange platform founded in 2014, primarily serving customers in Mexico and Latin America. The platform allows users to buy, sell, and trade various cryptocurrencies, includ
- 80% Small-Business
- 20% Mid-Market
128,469 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
One account, endless possibilities – Cryptomus is your go-to platform for everything crypto. Our multifunctional platform combines the best tools and services for secure, fast, and efficient digital a
- 88% Small-Business
- 12% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
DCX is a Singapore-based company that specializes in crypto-enabled financial services. DCX is bringing a revolution with its crypto-based products by developing borderless financial services that ens
- Software Engineer
- Computer Software
- Accounting
- 78% Small-Business
- 11% Enterprise
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
CEX.IO was founded in 2013 with a mission to support global financial inclusion through the adoption of cryptocurrency and blockchain technology. As one of the most tenured market participants, CEX.IO
- 86% Small-Business
- 7% Mid-Market
2,055,064 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Gemini is a fiduciary and subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law.
- 65% Small-Business
- 24% Mid-Market
257 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Buy and sell 100+ cryptocurrencies with 20+ fiat currencies Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins Access, manage, and spend your funds anytime with the Crypto.com Vis
- 54% Small-Business
- 31% Mid-Market
3,032,002 Twitter followers
- Overview
- User Satisfaction
- Seller Details
THE BEST PLACE TO Buy, Sell and Pay with Crypto
- Financial Services
- 96% Small-Business
- 4% Enterprise
3,032,002 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
CoinJar is one of the world's longest-running cryptocurrency exchanges. Since 2013, we’ve helped more than 600,000 people worldwide to buy, sell and spend billions of dollars in Bitcoin, Ethereum and
- 109% Small-Business
14,755 Twitter followers
- Overview
- User Satisfaction
- Seller Details
NiceHash is based on the concept of a sharing economy by connecting sellers and buyers of computing power from all over the world.
- Computer Networking
- 79% Small-Business
- 14% Mid-Market
77,254 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Uphold stands as a premier trading platform for crypto enthusiasts. The platform offers a robust ecosystem with over 250 tokens, providing early support for newly emerging assets. This broad range is
- Desarrollador web
- Equipo de marketing
- Marketing and Advertising
- Telecommunications
- 60% Small-Business
- 27% Mid-Market
209,976 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
HollaEx® is an all-in-one white label crypto exchange that opens up new revenue streams for online businesses. It empowers anyone to connect to the blockchain-based finance ecosystem and launch self-b
- Financial Services
- 95% Small-Business
- 5% Mid-Market
850 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Cryptopia aims to be more than just another exchange, our focus is on the user experience of the crypocurrencies themselves.
- 83% Small-Business
- 22% Mid-Market
218,911 Twitter followers
- Overview
- User Satisfaction
- Seller Details
LocalBitcoins.com is a person-to-person bitcoin trading site.
- Financial Services
- 87% Small-Business
- 23% Mid-Market
60,925 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Okcoin is one of the world’s largest and fastest growing cryptocurrency exchanges. Buy Bitcoin and other crypto with the lowest fees around.
- 90% Small-Business
- 10% Enterprise
163,470 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Bitfinex offers the most liquid exchange in the world, allowing users to easily exchange Bitcoin, Ethereum, EOS, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, NEO, Iota, Monero, OmiseGO, Dash, Bit
- 83% Small-Business
- 11% Enterprise
944,650 Twitter followers
- Overview
- User Satisfaction
- Seller Details
BitMEX offers a variety of contract types. All contracts are bought and paid out in Bitcoin.
- 75% Small-Business
- 25% Mid-Market
740 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Bittrex is a U.S. blockchain platform providing real-time trading and industry-leading security.
- Financial Services
- 78% Small-Business
- 13% Mid-Market
933,186 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Poloniex is one of the oldest and most trusted crypto exchanges in the industry! Founded in 2014, security, new features, and user interface are some of our top priorities. Create an account today
- Cryptocurrency Trader
- Financial Services
- Computer Software
- 111% Small-Business
- 14% Mid-Market
658,770 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Buy & Sell Bitcoin Here The easiest way to convert cash to crypto
- 36% Mid-Market
- 36% Small-Business
27 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Founded in 2014, Liquid Group Inc. and its subsidiaries operate Liquid.com (“Liquid”), a leading global cryptocurrency platform that provides trading, exchange, and next generation financial services
- 45% Enterprise
- 36% Mid-Market
38,482 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Kucoin aims at providing users digital asset transaction and exchange services which are even more safe and convenient, integrating premium assets worldwide, and constructing state of the art transact
- Financial Services
- Accounting
- 88% Small-Business
- 6% Mid-Market
3,578,550 Twitter followers
- Overview
- User Satisfaction
- Seller Details
CryptoCurrency EXchange http://C-CEX.com 100+ coins, USD trading, fastest deposits and withdrawals, strong security, excellent realtime support.
- Cryptocurrency Trader
- Financial Services
- 119% Small-Business
- 10% Mid-Market
73,292 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Founded in June 2011, BTCC is a cryptocurrency exchange based in London, UK. We are dedicated to making crypto trading reliable and accessible to everyone. As the world's longest-running cryptocu
- Cryptocurrency Trader
- Financial Services
- 123% Small-Business
- 5% Enterprise
412 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
CryptoTaxCalculator is a crypto tax software solution designed to automate your crypto tax nightmare, saving the pain of manually calculating taxes for each transaction. CryptoTaxCalculator performs
- 62% Small-Business
- 38% Mid-Market
12,337 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
HitBTC is the most advanced cryptocurrency exchange with markets for trading between Bitcoins, Ethereums, Litecoins, Dogecoins, Monero, USDT and more.
- Computer Software
- 61% Small-Business
- 21% Mid-Market
257,832 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Crypto InterCambio is a Chilean cryptocurrency immediate exchange service that offers more than 100 cryptocurrencies for exchanges without interruptions. The company tries to provide the easiest possi
- 88% Small-Business
- 13% Mid-Market
1,212 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Bitget is the world's leading cryptocurrency exchange and Web3 company. Bitget is committed to helping over 20 million users in 100+ countries and regions, trade smarter with its pioneering copy tradi
- 88% Small-Business
- 13% Enterprise
4,532,448 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Bitmedia.IO is a leading crypto advertising network founded in 2015. We supply blockchain businesses with the most relevant crypto audience
- 86% Small-Business
- 14% Mid-Market
21,726 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Blockchain financial systems for businesses in emerging markets.
- 86% Small-Business
- 14% Mid-Market
890 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Rock is a Currency Exchange specialized in math currencies.
- 50% Small-Business
- 33% Enterprise
5,431 Twitter followers
- Overview
- User Satisfaction
- Seller Details
CryptoView is a multi-exchange trading and portfolio management platform equipped with a handful of useful integrations such as various cryptocurrency trading tools, portfolio analytics, a multi-sourc
- 80% Small-Business
- 20% Mid-Market
80 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Discover XGo – the ultimate web2.5 ecosystem for unlocking the full potential of cryptocurrency. Buy your first crypto, manage your portfolio, and receive staking rewards with Superfluid, all in one e
- 80% Small-Business
- 20% Mid-Market
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Atani is a secure multi-exchange trading and portfolio management desktop app that allows you to easily trade cryptocurrencies on 20+ exchanges. It partnerships with many exchanges to ensure discounts
- 50% Small-Business
- 25% Mid-Market
10,635 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Bit2C Ltd. was established to raise awareness and use of Bitcoin.
- 100% Small-Business
1,330 Twitter followers
- Overview
- User Satisfaction
- Seller Details
BitBay was created in 2014 in Katowice. Our goal was to create a platform that was not available on the Polish market - a professional and intuitive trading platform for buying and selling Bitcoins an
- 125% Small-Business
40 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Changelly is a popular cryptocurrency exchange providing the ability to instantly and seamlessly exchange over 100 altcoins at the best market rate or buy them using a bank card
- 75% Small-Business
75,743 Twitter followers
- Overview
- User Satisfaction
- Seller Details
ChangeNOW is a non-custodial service created for simple and fast cryptocurrency exchanges. The company provides customers with maximum safety, simplicity, and convenience. ChangeNOW offers a solid nu
- 100% Small-Business
170,900 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Enjoy an incredible crypto trading experience with the friendliest cryptocurrency exchange, serving customers in over 188 countries since 2013. With options to buy using multiple payment methods, high
- 75% Small-Business
- 25% Mid-Market
2,673 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Borrow crypto loans from the most flexible crypto lending platform: high LTV, flexible repayment, and you can take the loan off the platform for trading. Get an instant loan quickly and easily by usin
- 50% Small-Business
- 50% Mid-Market
3,032,002 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Currency.com is a high-growth, crypto exchange helping everyone securely connect with the booming world of cryptocurrencies. An innovator in the fiat-to-crypto space, it allows investors to buy, stor
- 25% Mid-Market
- 25% Enterprise
75,717 Twitter followers
- Overview
- User Satisfaction
- Seller Details
A non-custodial Wallet offering you a full suite of DeFi services in one place, where you have full control of your crypto and private keys. Your stored tokens are protected by our multi-layered secur
- 100% Small-Business
3,032,002 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Hello everyone! My name is Yuri Lumiotchan, I am a project manager on the Emirex exchange. Briefly about Emirex I can say that we are a licensed crypto exchange aimed at providing the highest qualit
- 50% Mid-Market
- 50% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
LetsExchange is a go-to crypto exchange hub supporting over 5,000 cryptocurrencies — the largest number of assets available on the market. With deep liquidity, cross-chain swaps, bridge, and a compreh
- 75% Small-Business
- 25% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Digital and Cryptocurrency exchange. Buy and sell cryptocurrencies using a variety of payment methods with 24/7 support!
- 50% Small-Business
- 25% Enterprise
- Overview
- User Satisfaction
- Seller Details
CryptoCurrency Exchange!
- 75% Small-Business
- 25% Mid-Market
156,009 Twitter followers
- Overview
- User Satisfaction
- Seller Details
A convenient wallet account will welcome you with no certification or security card.
- 133% Small-Business
253,844 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Bitstamp is a financial currency exchange. We are the place where traditional finance meets digital assets. Since 2011, we’ve been built upon the belief that users need a secure, trusted, and easy-to
- 133% Small-Business
- 33% Mid-Market
529,235 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
BuyUcoin: the easiest, fastest, and most secure crypto wallet to instantly Buy, Sell, Store, and Trade Bitcoin in India and Worldwide 24/7, for all your crypto needs. The BuyUcoin Android App is the
- 67% Mid-Market
- 33% Enterprise
7,781 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
CoinAPI – The Most Reliable Cryptocurrency Market Data & Trading Solutions CoinAPI is an institutional-grade cryptocurrency data provider, offering real-time, historical, and trading solutions
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Purpose-built for institutions, market makers and professional traders, CoinJar Exchange offers zero taker fees, razor-thin spreads and one of the fastest matching engines in the world.
- 100% Small-Business
14,755 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Espay Exchange is a leading & specialize in the security token exchange, forex exchange solutions and cryptocurrency exchange software development company. We offers a secure as well as fully cust
- 67% Small-Business
- 33% Enterprise
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Dealerify is a professional platform for trading, copy trading, and auto-trading. There are so many diverse and significant services on this platform that can be useful for each level of trading. Deal
- 67% Enterprise
- 33% Small-Business
- Overview
- User Satisfaction
- Seller Details
Kriptomat is an online platform for digital currencies, located in the EU. It enables people to safely and easily buy & sell digital currencies in their local language and with local support.
- 100% Small-Business
8,526 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Shakepay support number +1 647-799-5800 Toll Free Helpline USA Shakepay Support Number Shakepay Helpline Number Shakepay Toll Free Number Shakepay Login Issue Shakepay contact number Shakepay live ag
- 67% Small-Business
- 33% Enterprise
- Overview
- User Satisfaction
- Seller Details
Bitcoin.co.id is an online exchange in Indonesia where you can trade your Bitcoin with Rupiah.
- 50% Enterprise
- 50% Small-Business
- Overview
- User Satisfaction
- Seller Details
Bitex is a secure platform that facilitates the buying and selling of digital currencies like Bitcoin, Ethereum, Litecoin and Ripple. Established in July 2018, Bitex UAE addresses a growing demand in
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
bitFlyer aims to deliver Bitcoin to the world.
- 100% Small-Business
176,018 Twitter followers
- Overview
- User Satisfaction
- Seller Details
BitMyMoney is a payment service that allows users to accept and make payments in Bitcoins as well as hold their Bitcoin investments securely offline. The BitMyMoney API allows users to make call to ge
- 100% Small-Business
1,437 Twitter followers
- Overview
- User Satisfaction
- Seller Details
BTC-Alpha - it is an online Exchange Market of cryptocurrency https://btc-alpha.com
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
ChainEX is a proudly South African Cryptocurrency Exchange! Join the revolution, trade, buy, and invest in crypto with us! Partner with ChainEX today!
- 100% Small-Business
1,941 Twitter followers
- Overview
- User Satisfaction
- Seller Details
CoinAll (www.coinall.com) is the very first of the 100 OK Partner exchanges launched under the OKEx Open Partnership Program. It offers digital asset trading services of Bitcoin, Litecoin, and Ethereu
- 50% Enterprise
- 50% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Reliability, simplicity and safety. Since our foundation in 2014, these aspects have been everything to us. During that time, we have traded 42 billion Czech crowns worth of cryptocurrencies and more
- 100% Mid-Market
2,148 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Bringing blockchain into the world
- 50% Small-Business
- 50% Mid-Market
214 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Built by certified CPA Mark Kang, Cointelli provides accountants with customized features to allow them to deliver better services to their clients. Delivering a very high standard of accuracy and ea
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
The CoinTiger platform (www.cointiger.com) is a global crypto-asset exchange that provides multi-cryptocurrency trading services in multi-language. Since the platform was launched, it has continuously
- 100% Small-Business
132,641 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Cryptal - Secure and Simple Crypto Exchange Cryptal is an international crypto exchange based in Tbilisi, Georgia. Designed to be easy and reliable, Cryptal supports trading pairs with USD, GEL, and B
- 50% Mid-Market
- 50% Small-Business
1,366 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Copy traders, manage all your exchange accounts, use market-making and exchange/market arbitrage and simulate or backtest your trading. Fast automated trading, and portfolio management for Bitcoin, E
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Delta Exchange is a crypto derivative exchange offering futures and swaps on BTC & other leading altcoins with upto 100x leverage.
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Founded in 2016, This international electronic payment system operates under the PSP international financial license. A company is registered under the name ChangeBuz Holdings Inc. in New York, US. Re
- 50% Mid-Market
- 50% Small-Business
- Overview
- User Satisfaction
- Seller Details
EtherDelta is a decentralized trading platform for Ether and Ethereum-based tokens.
- 100% Mid-Market
6,747 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Finestel White-Label Copy Trading Software: A Comprehensive Business Solution Finestel’s white-label copy trading software is a complete, enterprise-grade solution designed for medium-sized to larg
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Flitpay is a secure cryptocurrency exchange in India to buy, sell, and trade Cryptocurrencies like Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), USDT and more crypto assets in India. Start trading now!
- 100% Mid-Market
- Overview
- User Satisfaction
- Seller Details
LedgerX is the only US regulated spot and options exchange for Bitcoin. They offer a range of strikes from $2,000 to $50,000 for terms that expire out to 2020.
- 50% Mid-Market
- 50% Small-Business
2 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Livecoin is a modern, safe Trading Platform for accessing cryptocurrency exchange markets with very simple interface and low trading fees.
- 100% Small-Business
60 Twitter followers
- Overview
- User Satisfaction
- Seller Details
LocalCoinSwap.com is a person-to-person (P2P) bitcoin and cryptocurrency trading site. LocalCoinSwap allows users to safely buy and sell cryptocurrency from other users in their region.
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Exchange with trading bots
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
QuadrigaCX is a Canadian Cryptocurrency exchange platform.
- 100% Small-Business
5,573 Twitter followers
- Overview
- User Satisfaction
- Seller Details
QUOINE is a Financial Technology (Fintech) company headquartered in Japan with offices in Singapore and Vietnam.
- 100% Small-Business
175 Twitter followers
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
StealthEX is an instant cryptocurrency exchange platform. StealthEX provides crypto to crypto exchanges, and in addition, users can also buy cryptocurrency using fiat money. Among available fiat curr
- 100% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
STON.fi is a decentralised automated market maker (AMM) built on the TON blockchain providing virtually zero fees, low slippage, an extremely easy interface, and direct integration with TON wallets
- 50% Mid-Market
- 50% Small-Business
- Overview
- Pros and Cons
- User Satisfaction
- Seller Details
Tapbit provides secure and stable trading services for mainstream crypto assets such as BTC, ETH, SOL and USDC for global investors. The platform has been awarded the MSB fiat currency business licens
- 50% Mid-Market
- 50% Small-Business
- Overview
- User Satisfaction
- Seller Details
The world's leading tool set for institutional bitcoin traders, featuring market analytics, blockchain insights, order management, trade execution, team communication, and compliance automation.
- 100% Small-Business
16,190 Twitter followers
- Overview
- User Satisfaction
- Seller Details
AirSwap is a peer-to-peer trading network built on Ethereum.
- 100% Small-Business
1,855 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Altrady is a multi-exchange crypto trading platform, you can trade on 17 exchanges from one terminal. It's an all-in-one crypto trading platform for any type of trader, with features such as crypto tr
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
BICONOMY CRYPTOCURRENCY EXCHANGE - BRIDGING THE NEW ECONOMY! Since 2019, from our headquarter in Canada all the way to our offices in South Korea, Japan, CIS, and the UK, Biconomy Exchange current
- 100% Enterprise
- Overview
- User Satisfaction
- Seller Details
Bit4.Sale is a cryptocurrency exchange that allows clients to buy Bitcoin and other popular cryptocurrencies with credit or debit cards easy, safely and instantly.
- 100% Small-Business
- Overview
- User Satisfaction
- Seller Details
Bitcoin.de is an internet marketplace that enables registered users to purchase and sell Bitcoins.
- 100% Enterprise
8,606 Twitter followers
- Overview
- User Satisfaction
- Seller Details
Lend crypto assets alone or together with other users and profit daily. We offer you secured loans to creditworthy borrowers.
- 100% Mid-Market
- Overview
- User Satisfaction
- Seller Details
Your secure European exchange for crypto-to-fiat markets. Fully EU-regulated exchange The highest level of compliance allows Bitpanda to bring cryptocurrencies closer to traditional assets and make
- 100% Enterprise
- Overview
- User Satisfaction
- Seller Details
BL3P is a bitcoin exchange platform.
- 100% Small-Business
1,464 Twitter followers
Learn More About Cryptocurrency Exchanges
What is a crypto exchange?
Cryptocurrency exchanges or crypto exchanges are online platforms that facilitate trading Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other digital currencies. While these exchanges primarily serve as a place to buy and sell cryptocurrencies, many offer substantially greater functionality than just supporting transactions.
Crypto exchanges act as intermediaries between buyers and sellers, offering a digital marketplace for people to trade cryptocurrencies. They typically charge a fee for each transaction, which may vary depending on the exchange and the transaction amount.
Crypto exchanges offer various features for tracking, securing, and storing crypto assets. They allow users to view real-time pricing information on several cryptocurrencies. Users can then buy assets at the price they see fit and store them in an integrated or native cryptocurrency wallet.
Crypto exchange software often offers advanced trading features such as limit orders, stop-loss orders, and margin trading, which allow traders to place more sophisticated trades. They may also facilitate increased protection using multi-factor authentication (MFA) and other added security features.
Some of these platforms also provide custom application programming interface (API) integrations and user interface (UI) and user experience (UX) customizations.
How do crypto exchanges work?
Crypto exchanges operate similarly to traditional stock exchanges. Different types of exchanges come with their unique operational models and features. However, most common currency exchange operations involve the following steps:
- Registration: To begin crypto trading, users must register and create an account on the platform. Depending on the level of security, some exchanges may require identity verification procedures.
- Fund deposit: Once the account is set up, users must deposit funds (digital or fiat currency) into their account. The funds are stored in a digital wallet provided by the exchange. The user can then use these funds to buy and sell cryptocurrencies.
- Order placement: Every crypto exchange has a trading platform where users can see the prices of different cryptocurrencies. They can place orders to buy or sell their chosen cryptocurrency at their desired price.
- Order matching: Cryptocurrency exchanges use matching engines to pair buyers and sellers based on their specified amounts and prices, thereby facilitating user trades. A trade is executed if a buyer's bid matches a seller's ask.
- Order execution and clearing: The exchange ensures the proper execution of trades and clears them, confirming the transfer of ownership of the cryptocurrencies. The user's balances are updated in real time, and they can either leave their cryptocurrencies on the exchange or move them to a more secure wallet.
- Wallet management: Cryptocurrencies bought on the exchange are stored in the user's digital wallet within the platform. These platforms implement security measures such as two-factor authentication, encryption, and cold storage. Some exchanges allow users to move their funds to external wallets for increased security.
- Withdrawal: Users can withdraw their funds back into their bank account or external wallet whenever they choose.
Common features of crypto exchanges
Crypto exchanges can provide a wide range of features, but here are a few of the most commonly found in the market.
- Coin support: Coin support refers to the variety of digital currencies an exchange allows for trading. Common exchanges support common currencies like Bitcoin and Ethereum. Individuals wishing to trade various coins might require a more advanced solution.
- Coin tracking: Coin tracking allows users to identify currencies they want to monitor. Individuals may be alerted if the currency reaches a specific price point, or trades may be automated.
- Fiat support: Fiat currency is a legal tender backed by a government. Some exchanges allow users to deposit fiat currency, but others require cash to be converted to digital currency before it’s deposited.
- Trade volume: Trading volume is the amount of currency an individual can trade during a specific period. Some exchanges have limits or extra charges for high-volume trading, while others allow unlimited trading.
- Payment methods: Payment methods are the way users deposit their initial investment. Some platforms only take cryptocurrency deposits, while others support wire transfers or credit card deposits.
- ID verification: ID verification is an added security measure to ensure trades are valid and reduce the risk of fraud. This feature is more common for direct trading platforms than general exchanges.
- Integrated wallets: Cryptocurrency wallets are secure storage locations for cryptocurrency assets. Some exchanges provide an integrated wallet native to their platform.
- Mobile trading: Mobile trading allows users to access their funds and trade assets using a mobile application on their smartphone.
- Business accounts: Business accounts help institutional investors manage funds and facilitate payments. These accounts likely have increased deposit and withdrawal limits, margin limits, and over-the-counter (OTC) trading desks.
- Multi-factor authentication (MFA): MFA increases the security of an individual account. Users can set up MFA software and require email or text confirmation to access the account.
- Stablecoins: Stablecoins are digital currencies designed to act as reserve assets equal to a specified fiat currency. Some exchanges support stablecoins, which users can invest in while avoiding market volatility.
- Cold storage: Cold storage or cold wallets are designed for long-term investments. These wallets can increase security by storing private keys offline in an isolated environment.
Types of crypto exchanges
Crypto exchanges come in three main types: centralized, decentralized, and hybrid. Understanding their differences is essential to determining which is best for the buyer's needs in terms of security, ease of use, and trading capabilities.
- Centralized exchanges (CEX): These traditional exchanges act as intermediaries between buyers and sellers. CEX are operated by a central authority that oversees all transactions, holds users' funds, conducts trades, and provides liquidity. While they offer high trading volumes and liquidity, their centralized nature can pose security risks, as they are attractive targets for hackers. Common examples of CEX include Coinbase, Binance, and Kraken.
- Decentralized exchanges (DEX): Unlike centralized exchanges, DEXs operate without a mediator, allowing peer-to-peer trading directly between users through smart contracts on a blockchain. DEX enables users to retain control of their private keys and funds, enhancing security and privacy. Due to their distributed nature, these platforms have reduced the risk of large-scale hacks. However, they may be more challenging and often have lower trading volumes and liquidity than CEXs. Common examples of DEX include Uniswap and Sushiswap.
- Hybrid exchanges: These platforms combine the best features of centralized and decentralized exchanges. They aim to provide the liquidity and ease of use found in centralized exchanges, along with decentralized exchanges' enhanced security and privacy features. While promising, this type of exchange is still new and less widely adopted than the other two. Common examples of hybrid exchanges include Qurrex and Eidoo.
Crypto exchange fees
Crypto exchange fees apply at various steps, such as depositing, trading, and withdrawing funds, based on the policy of the particular cryptocurrency exchange. Before trading, users must familiarize themselves with these common types of cryptocurrency exchange fees:
- Trading fees: Users pay trading fees for each trade they make on the exchange. This fee is often calculated as a percentage of the trade value. It can be broken down into maker fees (for creating a new trade) and taker fees (for completing an existing trade). Most exchanges operate on a tiered structure; the more the user trades, the lower their expenses.
- Deposit and withdrawal fees: Some exchanges charge fees when users deposit or withdraw funds. A deposit fee is generally less common and may depend on the type of deposit (crypto or fiat) and the currency. A withdrawal fee is charged when users move their funds out of the exchange, varying per currency and network conditions.
- Listing fees: If a cryptocurrency wants to be listed on an exchange, the process requires payment of a listing fee. This varies from exchange to exchange and is generally negotiated behind the scenes.
- Fiat-to-crypto conversion fees: In the case of exchanges that support trading multiple fiat currencies, users may incur a fee when processing currency conversion from one fiat currency to another.
- Subscription fees: Some exchanges charge a set fee for paid subscriptions or memberships that include additional services like advanced trading tools or enhanced customer support.
- Other occasional fees: Some exchanges may charge periodic fees, such as inactivity fees if an account is not used for a certain period or custodial fees for holding the users' coins.
Benefits of a cryptocurrency exchange platform
There are several reasons to use cryptocurrency exchange solutions, from curiosity to institutional investing. They help buy and sell digital assets and make decentralized, anonymous payments. They are also beneficial for making low-fee or no-fee international payments and lower the risk of fraud and theft.
Below are a few significant reasons people choose to manage finances using crypto exchanges:
Invest easily
Cryptocurrency exchanges make investing in cryptocurrency easy for individuals and businesses. They offer everything users need to create an account and purchase, sell, and store. They have a lower barrier to entry than some stock market investments because a user doesn’t have to purchase an entire Bitcoin, unlike a potentially pricey stock. Instead, one party can decide whatever amount they wish to spend and buy the equivalent percentage of a cryptocurrency.
Investing in this volatile market can still pose risks, but a heightened reward equals a heightened risk. Over the past few years, cryptocurrencies have increased in value exponentially, reaping big rewards for early investors. Crypto exchanges aren’t the most traditional platform for investing, but if an individual decides to purchase cryptocurrency, an exchange will provide all the tools they need to start.
Maintain anonymity
Cryptocurrency exchanges allow users to store and trade cryptocurrencies without giving their personal information to anyone. A distrust for governing bodies typically sparks anonymous trading.
As a result, cryptocurrencies can have numerous perks related to anonymity, one being decentralization. Many users hoping to remain neutral to trades or transactions choose cryptocurrency because it’s designed to bypass governments, banks, and other centralized bodies.
Unfortunately, anonymity also allows some criminal activity. Cryptocurrencies have been the primary asset used on the dark web and other platforms criminals use to communicate. However, many transactions happen behind closed doors, and currencies are traded directly between individuals. There are fewer criminals and nefarious actors on crypto exchanges as individuals can only trade digital currency rather than narcotics and other illegal assets.
Pay internationally
International payments through banks and other traditional trading platforms can become complicated and slow. Cryptocurrency exchanges can make these transactions much simpler by bypassing the intermediary. These trades can be made peer-to-peer or business-to-business with little oversight and low fees.
Different countries have different policies regarding both international trade and cryptocurrency trading. If both countries allow cryptocurrency investments, cryptocurrency exchange-based trading is a breeze. If one country is less accepting, users can always use virtual private network (VPN) software to mask or change their location.
Crypto wallet vs. crypto exchange
Cryptocurrency wallets are focused on secure storage and management of private keys, providing users with control and ownership of their funds. Crypto wallets enable users to send and receive cryptocurrencies but lack market trading and order matching features.
A cryptocurrency exchange is a trading platform where users can buy and sell digital assets in a liquid market environment. It holds custody of users' funds during trading and implements security measures to protect their accounts and funds.
Many users use both wallets and exchanges based on their specific needs, with wallets for long-term storage and exchanges for active trading.
Who uses crypto exchange software?
Crypto exchange platform users come in many forms. Some are individuals, some are pools of investors, and some are businesses. Regardless of the entity, these trading platforms provide a convenient space for anyone.
- Individuals: If an individual wants to invest in cryptocurrency, exchanges are usually the first place they go. Someone can create an account, deposit funds, and begin trading in minutes. While it is tough to determine who is moving the most money through exchanges, individuals are the most common users.
- Professional traders: Professional cryptocurrency traders spend significant time trading digital currencies, non-fungible tokens (NFTs), and other assets and rely on them for income. These are standard users, often early investors who collected a significant amount of cryptocurrency when the prices were meager. These individuals may use general exchanges, but many rely on direct exchanges for high-volume trading and lower fees.
- Businesses: Small businesses, investment firms, banks, and other companies with spare cash can begin investing in digital currency using crypto exchanges. Some exchanges are explicitly designed for companies and institutional investors. Some businesses—or professional traders turned corporations—will simply use traditional exchanges for convenience. Business accounts and regional regulation should be considered before businesses invest in cryptocurrency, let alone begin creating a short list of exchanges they want to try.
Cryptocurrency exchange software pricing
Similar to a traditional stock exchange, cryptocurrency exchange pricing is primarily influenced by the forces of supply and demand. When more people buy a cryptocurrency than sell it, the price increases, and vice versa. The prices are typically displayed in real time and are continuously updated. They can be viewed in various formats, such as price charts or tickers.
Some exchanges also offer advanced charting tools and indicators to help users analyze price trends and make more informed trading decisions.
Here is a quick overview of crypto exchange software pricing*:
- Min annual price per license: $15
- Max annual price per license: $600
- Average annual price per license: $307.5
* The pricing shared is based on G2 data as of December 2023.
Cryptocurrency exchange platforms generally follow two types of pricing models: flat and tiered. In both cases, the maker (who creates the order) and the taker (who fills the order) incur transaction charges. However, some exchanges offer a lower fee for makers to incentivize users to create more liquidity in the market.
- Flat pricing model: This model charges a fixed fee for all transactions, regardless of the volume or value of the trade. It’s simple and easy to understand, making it attractive to casual or infrequent traders. However, it can be more expensive for high-volume traders, as the fees can add up quickly with frequent trades.
- Tiered pricing model: This model benefits active traders because the fees are based on the user's trading volume. Those who trade in higher volumes pay lower fees. The specifics can vary, but the past 30 days of trading volume are usually considered for determining the user's tier.
Challenges with crypto exchanges
Cryptocurrency exchange solutions can come with their own set of challenges.
Fees
Each cryptocurrency exchange has different costs. Many countries and banks even charge additional fees for cryptocurrency. Individuals hoping to buy in and out quickly should consider these prices to ensure their transaction is worth it.
Sometimes, fees are added for convenience. Mainstream users may choose an exchange based on its name and beginner friendliness, but this decision will likely cost a lot. Other exchanges charge per transaction, hitting high-volume traders the hardest. As a result, users should only accept exchanges that are clear about their fees or simply have expensive trading fees.
Security
Security is a significant concern for crypto investors. If an exchange or wallet can be easily hacked, the platform should be avoided. However, there are still many measures an individual can take to reduce the risk of fraud or theft.
Storing currencies offline with private keys, utilizing multi-factor authentication, and phishing detection are just a few features and actions users can take advantage of to increase the protection of their digital assets.
Coin diversity
A common issue for cryptocurrency traders is a lack of support for specific coins on one platform. Many of the user-friendly exchanges only support the most common currencies. Users should be wary of vendor lock-in caused by high fees and consider the coins they want to buy before they begin trading.
If users know they want flexibility, they can choose an exchange with low withdrawal fees or one that supports various currencies.
Regional availability
Exchanges may face different regulations depending on their location within a country or region. In the US, for example, individual states must approve exchanges. In some countries, like Ecuador or China, cryptocurrency is outright banned or generally prohibited.
VPNs may allow users to access exchanges, but this action may also be illegal, depending on the country. Users should thoroughly research local laws to avoid penalties and punishment when considering cryptocurrency investments.
User experience
With hundreds of exchanges available today, the market is highly complex and usable. Some are designed for beginners and limit the variety of coin options, trade types, and storage solutions available to users.
Others are highly complex and allow for various transaction types using multiple currencies. The skill level and tech-savviness should be kept in mind when evaluating exchanges.
How to choose the best crypto exchange
It's important to note that not all crypto exchanges are created equal. Buying the best cryptocurrency exchange software requires careful consideration and research. Some exchanges are more secure and offer advanced trading and security functionality. Factors like user interface design, customer support responsiveness, scalability, and the range of supported cryptocurrencies can also vary.
Buyers can start by defining the requirements for the crypto exchange software. Other than pricing and fees, they should also look at factors such as:
Security
Crypto exchanges are prime targets for hackers, making security breaches and cyber theft quite common. Buyers must choose a platform with enhanced security measures like web protocol security, registry lock, domain name system security, and modules designed to counter distributed denial-of-service (DDoS) attacks.
Users can also spread their cryptocurrency across multiple purchases and move their funds from the default exchange storage into cold storage like hardware wallets.
Customer service
Both newbies and seasoned traders can benefit from access to a crypto exchange’s customer support team. It could be for a small query or in case of emergencies. Hence, it's important to choose a provider that offers its users the best customer service.
Cryptocurrency support
Before finalizing their crypto exchange, buyers should know the number of cryptocurrencies it supports. New traders might be okay with exchanging a few types of coins. But if the buyer is looking for more options, they need to check, as some exchanges only support Bitcoin while others may support over 600 digital currencies.
Reputation
Buyers must take the time to read user reviews and choose a crypto exchange with a reputation for integrity and transparency. If the exchange collects user data, it must communicate what it needs it for. Do they support their clients in case of a cyber security breach? These are some of the parameters buyers should consider before finalizing their choice.
Trading volume
Merely supporting a large variety of cryptocurrencies is not enough when no trades are happening. The chosen crypto exchange should also have trading volume in the preferred crypto coins. This will allow users to have liquidity when trading their digital currency.
Crypto exchanges trends
- Decentralized exchanges (DEXs): DEXs have recently gained popularity, offering greater security and transparency than centralized exchanges. They allow users to trade cryptocurrencies directly with each other without the need for intermediaries, reducing the risk of hacks and theft.
- Increased regulatory scrutiny: As cryptocurrency trading becomes more mainstream, regulators increasingly scrutinize crypto exchanges. Exchanges are required to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, adding an extra layer of compliance and operational complexity.
Researched and written by Amal Joby
Reviewed and edited by Jigmee Bhutia
