Top Rated Crypto Exchanges

2024 is about to end on a great note, with Bitcoin hitting a six-digit price for the first time. And if you want to join this bull run, choosing top rated crypto exchanges could make all the difference. However, this can be a pain with so many options. But fear not! In this article, we are going to explore some of the best rated crypto exchanges to take your crypto trading to the next level.

Comparison Table of Platforms

Top Rated Crypto Exchanges

Considering the growth of the crypto market, you should know what to look for when selecting an exchange. For your convenience, we have compiled a list of top rated crypto exchanges based on overall user experience, security factors, fee structure, and trading options.

1. Most popular crypto exchanges

Binance has been dubbed a titan of the crypto exchanges. Since its launch in 2017 it has been dominating the market with a big selection of coins and really low fees. Supporting a decent 440+ cryptocurrencies and over 245 million users, it is one of the top rated crypto exchanges and a go-to platform for crypto traders.

When it comes to the trading interface, Binance has something for everybody from beginners to pros. Beginners can kickstart their crypto journey with plenty of educational resources. Plus options like fiat-to-crypto trading and the Convert feature simplify crypto trading even more. These make Binance one of the highest rated crypto exchanges for beginners.

But if you’re a pro, Binance offers trading options like margin and futures trading. On top of that Binance also has advanced charting tools that work with TradingView, so you can do in-depth analysis and customize everything. In addition, there is staking, API integration and even automated trading bots, making it a great platform for pros as well.

In terms of fees Binance is highly competitive compared to other exchanges. The crypto buying or selling fee is just 0.50%, making this the best crypto exchange with the lowest fees. Further it uses a maker/taker model, which means fees depend on the volume of trades and the amount of Binance Coin (BNB) you have. 

So the higher the trading volume, the lower the fees. Binance also offers you a discount for using Binance (BNB) coins for trades as an incentive.

Security-wise Binance scores high and presently ranks third on Certified’s list of the most secure cryptocurrencies. Its assets have FDIC insurance, along with Secure Asset Fund for Users (SAFU) insurance to protect traders from malicious attacks. Additionally, Binance follows all industry standards by utilizing two-factor authentication (2FA), SSL encryption, and all safety features.

Pros

• Well-known crypto exchange.
• Wide range of cryptocurrencies.
• Lowest fees.
• Suitable for both beginners and pros.
• Good security measures.

Cons

• Limited functionality for the US

2. Top rated crypto exchange for derivative trading

Bybit is a premier exchange that leads the market by specializing in spot, future and derivative trading. It currently ranks second on CoinGecko as one of top rated exchanges for derivatives trading. On top of that Bybit supports 1611 cryptocurrencies with over 59 million users. Isn’t that impressive?

Bybit offers both perpetual futures and traditional futures in its futures trading platform. Both of these contracts have huge number of cryptos and you can even leverage up to 125x on certain assets. Moreover, it offers options contracts and margin trading, giving users access to even more advanced and diversified trading options.

But if you’re new and don’t want to get tangled up in futures trading, Bybit’s copy trading feature is your best bet. This lets you mimic successful traders’ trades and you can get familiar of the market. 

It has two modes: Smart Copy Mode and Advanced Copy Mode. the first mode offers a fixed risk ratio based on your balance, allowing you to follow master traders safely. The second mode allows you to customize your order settings, perfect for more experienced users

Moving on Bybit also offers trading bots that execute buy and sell orders in accordance with predefined strategies. It has 4 types such as the Spot Grid, Futures Grid, Futures Martingale, and DCA Bots. On top of that Bybit also offers a staking protocol that allows you to earn lucrative rewards by locking up your tokens.

Bybit also charges some of the lowest fees. Maker/taker fees for spot trading are just 0.1%. For future trading Bybit charges maker/taker fees of 0.02% and 0.055% respectively. However these fees vary depending on what VIP level the user is at, with higher VIP tiers paying lower fees.

Bybit also puts security at the forefront with stringent security measures and compliance with AML/CFE policies. It creates multi-signature cold storage wallets for private keys. So assets will be safe even if the platform gets hacked. 

Pros

• Best platform for future trading.
• Up to 125x leverage on popular coins
• Offer plethora of cryptocurrencies.
• Best-in-class copy trading feature.

Cons

• Not available in the U.S., the UK and Canada

3. Best crypto exchange for advanced traders

OKX is another prominent player in the top rated crypto exchanges. Currently it supports over 340 cryptocurrencies offering a global reach of more than 100 countries, with over 50 million users. In terms of trading volume OKX is well positioned and ranks 4th on CoinMarketCap.

OKX provides a wide variety of trading features you can choose from. For simple spot trading it offers 300+ different cryptocurrencies with top coins like Bitcoin and Ethereum and stable coins like Tether. Plus it has plenty of technical indicators and order types that are easy to use.

But if you have a high reward-risk appetite, you can go for future trading where you can leverage up to 100x leverage on popular coins. OKX also offers perpetual swap contracts, which are similar to traditional futures contracts but do not have expiration dates or settlement dates.

OKX also comes with margin trading, option trading, and trading bot functionality. However, these require a deep understanding of the market. Further, there’s a staking service where you can lock up your funds to get lucrative returns. 

OKX features an overall streamlined design and is perfect for beginners. The easy-to-navigate design makes it easy to access important features in no time. Additionally, its intuitive user interface makes managing crypto, swapping currencies, and checking portfolios a breeze. 

OKX charges maker/taker fees for most spot and derivative transactions. It has a tier-based fee structure determined by your monthly trading volume and holdings of OKB (the native token). At level 1, you pay 0.08% maker and 0.1% taker fees. And the fees will go down as you trade more. The futures contracts use a similar maker-taker fee model that starts with 0.02% for maker and 0.05% for taker for regular users. 

OKX also have robust security with features like a mandatory KYC process, Two-Factor Authentication, anti-phishing codes, and cold wallet storage for most funds. There are also advanced security features like multi-signature technology and proof-of-reserve transparency.

Pros

• Huge selection of coins with global reach.
• Intuitive interface.
• Various great products and trading features.
• Strong security. 

Cons

• Not available in the U.S.

4. Most reputable crypto exchanges

Coinbase is another reputable exchange in the crypto space that’s sweeping the market. The exchange has a daily trading volume of billions and is currently the third-largest exchange, according to CoinMarketCap. Whether it is Bitcoin or Ethereum, the exchange has it all and currently offers 271 coins.

Coinbase has been praised for its user-friendly interface. Beginners can easily trade cryptocurrencies and take advantage of easy-to-read line charts for straightforward trades in simple mode. For advanced users Coinbase offers top-of-the-line technical tools like stop-limit orders, real-time market data, and charting tools that are powered by TradingView. 

On top of that, you can switch between modes seamlessly. This makes it one of the top rated crypto exchanges for both newbies and pros.

If we take a look at Coinbase features, it has a lot to offer. Coinbase has a lucrative Proof of Stake staking protocol. With this, you can stake or unstake at any time, with a commission on your earnings. Plus, Coinbase offers a card allowing you to spend crypto directly without incurring Coinbase fees. However, ATM fees might apply.

Moving on, Coinbase also features a self-custody wallet that you can access without having to register which is pretty neat. The wallet is compatible with EVM and Solana networks while offering access to major blockchains like Arbitrum and Polygon.

And there’s more. Coinbase offers a Learn and Earn program thats perfect for beginners. You can real crypto assets by learning about cryptocurrencies and passing quizzes. In short, Coinbase is one of the highest rated crypto exchanges with tons of awesome features

Regarding fees – Coinbase charges fees based on the amount you buy or sell. Also, Coinbase adds a “spread fee,” which is normally 0.5% but can change. As a result, you may not always get or pay what you see on the market. Coinbase Advanced has a different fee structure. 

When it comes to security, Coinbase excels. As a public company in the U.S., it posts financials every quarter and gets audited every year. Plus, Coinbase has a 1:1 reserve policy, meaning that the crypto you hold on the platform is always backed by real money. It also stores a whopping 98% of its customers’ funds in cold storage with multi-sig mechanisms.

Pros

• An established crypto exchange.
• Offers tons of features for both beginners and pros.
• Lucrative staking protocol and self custody wallet.
• Industry leading security measures.
• Easy to use interface.

Cons

• The fee structure isn’t great.

5. Top safe crypto exchanges

Kraken is a US-based exchange thats widely regarded as one of the top rated crypto exchanges. It has been around for a long time and has gained respect from all over the world, supporting 190 countries.

The best thing about Kraken is that it allows you to purchase crypto directly using seven different currencies, including USD, EUR, and CAD. That way, you don’t have to go to another exchange. Plus Kraken has tons of trading features you will not be able to resist. There is spot trading, margin trading with upto 5X leverage, and also future trading, all with minimal fees. To top it off, the interface is intuitive and user-friendly, so beginners can use it easily. 

There’s also a lot of educational material to help you get your bearings with the platform and other crypto concepts. Plus Kraken also has an Instant Buy option that’s great for beginner traders. However, this convenience comes with a higher cost. 

Kraken also offers lucrative staking for its non-US users, so they can earn returns on assets otherwise held and unused. With a couple of clicks, you can start earning 26% annually on your crypto, with rewards being paid out every two weeks.

Kraken offers an NFT marketplace with zero gas fees for on-platform trading. Plus it’s got other cool features like a rarity tracker, multiple blockchains, and more. And by using the self custody Kraken Wallet you can store crypto and NFTs and connect to other Web3 protocols, which is very handy

Kraken also has unparalleled security, which makes it one of the top rated crypto exchanges out there. 95% of its funds are stored offline in cold storage. Plus it employs robust features like security encryption, 24/7 monitoring, and penetration testing to ensure that sensitive data is kept secure. There are also two-factor authentication, email confirmations, and API controls to make it even safer.

Pros

• Well reputed crypto exchange.
• Variety of trading options with high leverage and minimal fees.
• NFT marketplace, Instant Buy and other exciting features.
• High level security. 

Cons

• Not accessible in all U.S states.

6. Top rated crypto exchanges for traders

HashKey Global is one more crypto exchange that is popular among crypto traders. An interesting thing about this exchange is that it’s the first Hong Kong-based licensed virtual asset exchange. It has been granted a Bermuda licence to operate as a Digital Asset Business.

HashKey Global has an easy-to-use web version where you can manage your crypto portfolio. On top of that it allows you to trade on the go with its intuitive mobile app, which is available on iOS and Android. The app has a friendly interface that everyone will love. The platform supports multiple cryptocurrencies and trading pairs, plus it gives you real-time market data.

HashKey Global also cater to cryptocurrency enthusiasts, no matter their level. For basic trading, spot trading is an excellent option. But if you are interested in something more, you can also explore its derivative trading option. 

Another interesting thing is that the exchange uses the Hex Engine, an efficient trading system capable of processing 5,000 Transactions Per Second (TPS). This leads to a fast, reliable, and secure execution. 

HashKey also has a Refer & Earn Program that is easy to use and rewarding. Getting started is simple: just sign up, send your referral link to friends, and watch the commissions roll in. Plus it also offers real-time tracking, flexible rewards, and doesn’t require any upfront investments. 

HashKey keeps your data secure by employing well-known algorithms such as AES and RSA, generating secure keys in HSMs, and encrypting everything. The platform incorporates access controls, TLS encryption, and regular audits to ensure key integrity. These things make sure digital assets are safe and secure.

Pros

• Simple interface.
• Referral program for passive income.
• Good customer support. 
• An effective security system.

Cons

• Limited cryptocurrency options.
• High fees.

7. Top rated crypto exchange for crypto experts 

Gate.io is one of the top rated crypto exchanges that is famous for its wide selection of cryptocurrencies. Right now, the platform supports a whopping 1,700+ cryptocurrencies that are available for trading. And if you’re up for spot trading, Gate.io is your place, with over 1,000 different tradable spot pairs available with leverage of up to 10x. 

On top of that, you can do spot trading through a TradingView-powered trading interface. Plus, the trading terminal is robust enough for even the most tech-savvy crypto traders. 

Gate.io also features leveraged tokens that give you 5X leverage compared to other exchanges that offer 3X leverage. Plus there are futures and perpetual contracts you can trade right now that support 125x leverage for BTC & ETH contracts and 100x for stablecoins with lower caps. Pretty mind-boggling numbers, right?

Another thing pro users will appreciate is Gate.io offers different trading bots like Spot and Futures Grid, Smart Rebalance, Spot Martingale, and Spot-Futures Arbitrage. To top it off, you can create your own trading bot or copy another bot that matches your trading style.

If you’re looking for ways to make passive income, Gate.io has got you covered as well. It has two kinds of staking options: flexible and fixed. In flexible staking, you can deposit and earn up to 15%APY, but you can withdraw your funds whenever you want. On the flip side, fixed staking locks up your assets for a specific period and pays out more in the long run.

However, Gate.io does not cater only to experts. It also provides a beginner friendly copy trading service that allows them to mimic advanced trader strategies without having to know a lot about markets.  

As far as fees go, Gate.io follows a maker/taker model like most exchanges. The fees for the platform depend on the trading volume over a 30-day period, and there are discounts available for GT (the native token) holders. And security measures are pretty good as well. It employs all the necessary secutiy tools, including multi-signature wallets, cold storage, two-factor authentication, and many other features.

Pros

• Massive cryptocurrencies options.
• Ideal for crypto experts 
• Leveraged tokens and future contracts. 
• Top features like copy trading and staking.
• Top level security. 

Cons

• Not accessible in the US and Canada.
• Not suitable for beginners.

8. Best crypto exchange Asia

MEXC is a global exchange that currently serves more than 10 million users across 170 countries and regions around the world. It even won the Dubai Crypto Expo’s “Best Crypto Exchange Asia” award in 2021.

One thing that makes MEXC one of the top rated crypto exchanges is its huge range of over 2,600 coins. Whether it’s popular coins like Bitcoin or Ethereum, or lesser-known altcoins, MEXC has what you’re looking for. To make it even better, it also supports DeFi coins as well as stable coins to give you a truly diversified experience.

MEXC supports a ton of deposits, so users can get in no matter where they are. It supports fiat deposits via bank transfers, card payments, or even third-party services in currencies like USD, EUR, and GBP. Moreover, you can deposit a wide range of cryptocurrencies directly into your account, making funding your account a breeze. 

Talking about the MEXC trading options, it checks all the boxes. You can try spot trading from a plethora of crypto assets and trading pairs backed up by a bunch of technical indicators. Further, there is perpetual future trading where you can utilize leverage up to 200x, which allows you to take control of a much larger position than you invested initially.

One great feature of MEXC is demo trading, which is especially designed for beginners. MEXC. with this feature you can try out different strategies without risking your own money and familiarize yourself with the platform. It give you a virtual starting balance of up to 50,000 USDT so you can play around with crypto futures contracts just like in real life.

The fee is also pretty competitive and one of the lowest out there. Right now MEXC is offering a promotional rate of 0% maker and 0.02% taker fees on its future trading which ranks among the lowest around. Deposits are free, though some blockchains may charge network fees. 

MEXC also offers top-of-the-line security by implementing two-factor authentication, storing funds in cold storage, and encrypting data with advanced SSL/AES-256 protocols.

Pros

• Diverse selection of crypto assets.
• Up to 200x leverage on certain perpetuals.
• Lowest futures fees.
• Demo trading account.
• High level security. 

Cons

• Restricted services in the U.S

9. Best platform for copy trading

Bitget is one of the top rated crypto exchanges if you’re looking for derivatives trading. Plus, it is the best platform for copy trading, and it has more than 130,000 experienced traders. Its extensive trading options and innovative features make it one of the most popular crypto exchanges on the internet.

Currently Bitget supports over 800 different cryptocurrencies which gives you quite a bit of choice. There is also usual spot trading, but its core feature is derivative trading with a strong focus on futures. As an added bonus, the futures charting screen is powered by TradingView, so you don’t have to worry about missing out on anything.

Moving on Bitget’s future trading, you can trade Bitcoin for 125x and Ethereum for 100x, which is among the best in the industry. On certain altcoins like SOL, POL, ADA, DOGE you can leverage up to 50x. However, this feature is highly risky so make sure you understand it before diving in.

Another thing solidifying Bitget as a versatile exchange is copy trading. Beginners may find it especially useful as it allows them to learn the trades and gain experience while earning money. The platform offers numerous experienced traders with excellent trading records. So beginners can easily choose whatever trader they prefer. Plus, experienced traders can make side income from it. Win-win for both!

Fees wise, Bitget charges makers pay 0.02%, and takers pay 0.06% for future trading. The usual spot trading has charges only 0.1% maker/taker fees. These fees fluctuate according to your VIP level, so the higher your VIP level, the lower your fee. 

Bitget doesn’t charge you anything to deposit cryptocurrencies. But depending on the cryptocurrency or token, withdrawing crypto may incur fees.

Bitget also follows industry best practices to keep your funds secure by putting them in cold storage. Further there is a mandatory KYC process for account creation. It implements two-factor authentication, SSL encryption, and anti-phishing codes to protect your trading data.

Pros

• Best exchange for derivatives.
• Top class copy trading feature also suitable for beginners.
• A large selection of cryptos.
• Low trading fees.

Cons

• Limited availability in the U.S and Canada.

10. Top crypto exchanges no kyc

Uniswap is one of the best decentralized crypto exchanges that lead the market. Compared to other top rated crypto exchanges on our list, Uniswap is a DEX. this means you can freely trade cryptocurrency with other users without the help of a third party. Plus, it has a daily trading volume in the billions, which makes it an excellent platform with high liquidity.

Compared to traditional exchanges, Uniswap implements Automated Market Making or AMM which lets you make trades without a centralized order book.

To determine trade prices, Uniswap pools liquidity from users and uses a mathematical formula instead of waiting for someone to buy your tokens. With this system, you can instantly swap tokens, regardless of whether you find a buyer or seller.

Uniswap specializes in ERC20-based projects. To use it, you must connect any Ethereum blockchain wallet such as Metamask Wallet, Coinbase Wallet, or Wallet Connect. When it comes to tokens, it’s got more than 1450 to choose from. It also offers a searchable selection of NFTs from leading marketplaces.

Uniswap’s interface is praised for its simplicity and ease of use, that makes swapping assets seamless. The version 2 supports basic features across multiple networks, while version 3 has advanced features. 

The great thing is that It automatically detects wallets, displays your token balance, and optimizes routing to get the best prices. Plus You get an estimate of the swap price and transparent network fees.

In terms of fees Uniswap charges 0.3% for ETH/USD pairs to cover platform costs and compensate liquidity providers. The fees are based on slippage, which is calculated based on liquidity needed. Even though fees change with market conditions, Uniswap’s rates remain competitive.

Pros

• Premier decentralized crypto exchange.
• Easy to use interface.
• No KYC requirement. 
• Wide selection of coins.

Cons

• High gas fees.

What are the Top Rated Crypto Exchanges for You?

Selecting the best exchange from one of the top rated crypto exchanges comes down to some factors. The most critical aspect of choosing an exchange is to make sure it employs robust security measures. Almost all of the exchanges mentioned above have good security. However, the top choices are Binance, Coinbase, and Kraken.

Beginner-friendliness also plays a role in selecting a crypto exchange. The best exchanges you should check out are Bitget, Gate.io, and Bybit, which offer copy trading features for learning how to trade. Further, you can also go for MEXC as it has a demo account so you can test different strategies before investing real money.

The fee structure also matters when choosing a crypto exchange, as higher fees can ruin your trading experience. For the lowest fees Binance can be a smart option. Bybit and OKX also offer affordable fee structures, with spot trading fees as low as 0.1% and even lower for high-volume traders. 

The number of supported cryptocurrencies also has a major influence. So for the most cryptocurrency availability, MEXC leads the way with more than 2,600 cryptocurrencies. And then there is Gate.io with 1,700+ coins and Bybit with 1,611.

Conclusion

So these are the top rated crypto exchanges that you can find on the market. Each exchange caters to the needs of a different type of trader, whether you’re a frequent trader, an altcoin enthusiast, or a first-time crypto investor. The most important thing is that the exchange aligns with your goals, whether you want low fees, a wide range of cryptocurrencies, or beginner-friendly features.

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