The best cryptocurrency trading platforms are: eToro, Coinbase, TradeStation, Kraken, Bittrex, Gemini, and Robinhood. Non-US-based traders prefer the powerful platform at TradeStation. Bitcoin traders based in the US choose Robinhood for its zero-fee trades. Beginner Bitcoin traders prefer Coinbase for its simplicity.
Each trading platform has its strengths and weaknesses. This article discusses the best platforms and cryptocurrency exchanges for trading cryptocurrencies.
7 Best Crypto Trading Platforms and Exchanges 2021
- eToro – has the best social trading platform for Crypto.
- TradeStation – has the best web-based platform for Bitcoin.
- Coinbase – has the best trading platform for beginner traders.
- Kraken – offers the Maker-Taker fee schedule.
- Bittrex – has the most Altcoins.
- Gemini – most secure for trading cryptocurrency
- Robinhood – is best for US residents.
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||TradeStation||Award-winning desktop platform||3.7/5||Best web-based platform for Bitcoin||Official website|
|#2||Coinbase||Straightforward platform||4.4/5||Best trading platform for beginner traders||Official website|
|#3||eToro||Lowest Bitcoin Trading Fees||4.9/5||Best social trading platform for Crypto||Official website|
|#4||Kraken||Has no mobile app||4.5/5||Offers the Maker-Taker fee schedule||Official website|
|#5||Bittrex||No mobile or desktop trading programs||4.7/5||Has the most Altcoins||Official website|
|#6||Gemini||Highest-priced cryptocurrency exchange||4.5/5||Most secure for trading cryptocurrency||Official website|
|#7||Robinhood||Dedicated crypto platform||2/5||Best for US residents||Official website|
01. TradeStation: Best Web-based Trading Platform
TradeStation is a technology leader in trading cryptocurrency with an excellent web-based platform for casual traders. It offers an award-winning desktop platform for active traders. This platform lets you buy, sell, and trade Bitcoin, Ethereum, Litecoin, and XRP.
TradeStation has a simple pricing structure. Account balances below $100,000 have a 0.50% maker fee and a 0.50% taker fee. Account balances over $100,000 pay a 0.25% or 0.125% fee depending on account size.
02. Coinbase: Best Trading Platform For Beginners
Coinbase is the largest US-based cryptocurrency exchange with a straightforward platform. It’s popular because of its easy-to-use website and trading platform, Coinbase Pro. Coinbase supports 14 different cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and Litecoin.
The recent Coinbase IPO brought cryptocurrencies to the forefront of the US market. The Coinbase valuation reached US$99 billion.
The standard trading fee at Coinbase is 1.49%. If you trade Bitcoin by selling another cryptocurrency in your wallet, the typical cost is 0.50%.
Related: Best Bitcoin wallets
03. eToro: Lowest Bitcoin Trading Fees
eToro offers low cryptocurrency fees and crypto-asset withdrawals using a dedicated eToro wallet. Each cryptocurrency has a unique minimum withdrawal fee. The smallest Bitcoin withdrawal amount is 0.0086BTC, and its fee is 0.0005 units. eToro has a conversion fee of 0.1% set to market rates.
eToro is the leading social trading broker for cryptocurrencies offering 16 different crypto coins. Social trading with cryptocurrencies at eToro functions the same as with forex social trading. Search for a trader with a portfolio you want to follow and click “Copy.”
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Cryptoassets are unregulated in some EU countries and the UK. No consumer protection.
04. Kraken: Best Fee Schedule
Kraken provides access to 18 different cryptocurrencies, including Bitcoin, Ripple, and Dash. It offers a trustworthy web platform but has no mobile app. Kraken stands out among competitors because of its affordable fee schedule called Maker-Taker.
The Maker-Taker schedule incentivizes larger trading volumes through discounts. For example, traders with a monthly average volume over US$50,000 will pay US$2.60 in fees per US$1,000 in trading volume.
05. Bittrex: Best Altcoin Offering
Founded in Seattle in 2014, Bittrex offers 100 tradeable cryptocurrencies, including the industry-standard Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH). Bittrex is a web-based trading platform which means there is no mobile or desktop trading programs.
Bittrex has a straightforward pricing structure with a flat fee of 0.25% on all trades. This flat fee is excellent for low-volume traders, but high-volume traders should look at Kraken.
06. Gemini: Most Secure For Trading Cryptocurrency
Gemini allows users to buy, store, and sell many cryptocurrencies, including Ethereum, Bitcoin, and Dogecoin. Gemini is one of two licensed digital asset exchanges in this article (Coinbase is the other).
Gemini is the highest-priced cryptocurrency exchange available today with fees of 1.49%.
07. Robinhood: Best Bitcoin Platform For US Residents
Robinhood Crypto doesn’t charge a commission for crypto trades, and using the app is free. Robinhood is an online broker with a dedicated crypto platform, Robinhood Crypto. It lets users trade Bitcoin, Ethereum, Dogecoin, Ripple, and many other coins.
Professional traders enjoy the ability to create Watch Lists that mix traditional assets and cryptocurrencies. Robinhood makes money from its Robinhood Gold subscription, which offers improved trading tools.
How We Select The Best Trading Platform for Cryptocurrencies?
We select the best platforms for trading cryptocurrencies after in-depth research. We use 105 criteria including:
Costs: A reliable broker or exchange has a transparent fee policy. Some have higher fees than others. Check our in-depth reviews to learn about the “all-in costs” of each online trading platform.
Account: Online brokers and exchanges have distinct account types. Some of them offer a single account type, others have several account tiers. Read about account types in our in-depth reviews.
Withdrawal and deposit: Withdrawing and depositing funds should be simple. Providers differ based on small deposit fees, high deposit fees and no deposit fees. Verify which platform has the best withdrawal and depositing process for your needs in our in-depth reviews.
Market and products: Market and products differ from provider to provider. Users need to find a broker which offers trading with the desired currency or asset. Read more about it in our in-depth reviews.
Trading platforms: A good trading experience depends on the trading platform. We recommend choosing and online trading provider with a user-friendly platform. The online platforms mentioned in this article are excellent but might be challenging for beginners. Read our in-depth reviews to discover which platform is best for your trading experience.
Security: Account security is an essential aspect of our research. We select the best online platforms for Bitcoin trading based on their trading license from trusted regulators.
Related: Best UAE Crypto Exchange
What Is A Cryptocurrency Exchange?
A cryptocurrency exchange is similar to an online brokerage. Many exchanges offer investment solutions for active traders looking to buy, sell, or hold digital assets. Some exchanges offer custody and storage options for users looking to protect their assets against hacks and theft. Others allow you to set up an external wallet with a Bitcoin wallet provider or another storage wallet service.
Are Cryptocurrency Exchanges Worth It?
The benefit of cryptocurrency exchanges depends on your investment goals and needs. The strategy most traders use is investing in digital coins in more than one place. But if you want access to lower fees, you should know that affordable accounts come with limited cryptocurrency options. A cryptocurrency exchange is the best solution if you want access to many crypto trading tools and account features.
How To Buy Cryptocurrencies With eToro Exchange?
eToro is the most popular platform for cryptocurrency trading because of zero hidden fees, copy trading tools, demo account and beginner friendly platform. There are four simple steps to buy Bitcoin with eToro.
STEP 1: Visit the eToro official website
Link to the official eToro crypto section here: https://www.etoro.com/crypto/
STEP 2: Click on the “Get Started” Button
STEP 3: Verify Your eToro Trading Account
To buy Bitcoin through eToro exchange you need to sign in, verify your trading account and make a first time deposit. This will enable you to start trading with Bitcoin and other cryptocurrencies.
STEP 4: Purchase Bitcoin (BTC)
You can buy, hold and sell fractions of Bitcoin. To own Bitcoin you don’t need to buy a full Bitcoin. The same goes for all cryptocurrencies.
Frequently Asked Questions (FAQ)
We review each online platform with real accounts and money. Our results depend on 105 criteria, including safety, fees, and cryptocurrency availability.
Cryptocurrencies are volatile and unregulated, which brings with it tremendous risk. Choose a provider with robust security, cold storage, and safe wallets. Read our in-depth reviews to discover the best online platform.
Crypto assets, including Bitcoin, have no underlying commodity or tangible asset. These coins have no intrinsic value and fall outside financial regulation. If you lose money, few countries allow claims to their local Financial Services Compensation Scheme. Refer to your local authorities for rules and restrictions.
A exchange allows you to purchase, hold and sell cryptocurrency. It is the intermediary between cryptocurrency buyers and sellers.
Many brokers are offering Bitcoin, but Swissquote is one of the safest. It has four top-tier licenses, and the SEC Switzerland regulates it. Our second choice is eToro, a secure crypto exchange that uses multi-signature schemes. Check our in-depth reviews for more information on online brokers and crypto exchanges.
Verifying a crypto broker’s regulation is straightforward. You should check its regulatory status with its legal name and country. Verify the information on the appropriate regulator website. Our in-depth reviews discuss which the safest crypto brokers are.
We reviewed and tested cryptocurrency exchanges with real accounts and money. Our findings depend on important criteria, including cryptocurrency availability, low fees, security, user interfaces, and mobile access.
Cryptocurrency exchanges have you set up an online account and submit proof of identity. This verification process includes checking your identity with a third-party application or submitting a picture of your ID.
TradeStation, Coinbase, eToro, Kraken, Bittrex, Gemini, and Robinhood are the best cryptocurrency exchanges for Bitcoin trading. Our top choice is TradeStation because of its reliable web-based platform. eToro offers world-class social trading for Bitcoin and is a top choice for traders of all experience levels. Gemini has the highest fees and the highest safety rating.
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The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
- 1 7 Best Crypto Trading Platforms and Exchanges 2021
- 1.1 01. TradeStation: Best Web-based Trading Platform
- 1.2 02. Coinbase: Best Trading Platform For Beginners
- 1.3 03. eToro: Lowest Bitcoin Trading Fees
- 1.4 04. Kraken: Best Fee Schedule
- 1.5 05. Bittrex: Best Altcoin Offering
- 1.6 06. Gemini: Most Secure For Trading Cryptocurrency
- 1.7 07. Robinhood: Best Bitcoin Platform For US Residents
- 1.8 How We Select The Best Trading Platform for Cryptocurrencies?
- 1.9 What Is A Cryptocurrency Exchange?
- 1.10 Are Cryptocurrency Exchanges Worth It?
- 1.11 How To Buy Cryptocurrencies With eToro Exchange?
- 1.12 Frequently Asked Questions (FAQ)
- 2 Summary