Crypto Exchanges Ranking 2024

Finding a good crypto exchange for oneself is one of the first and most important tasks of all crypto investors before trading cryptocurrencies.

As the selection of crypto exchanges and brokers is constantly growing, we created this overview of recommended crypto exchanges for 2024 that we personally rate as the best exchanges for cryptocurrencies.

Cryptocurrency exchanges are platforms that most importantly allow you to buy and sell cryptocurrencies for traditional fiat money.

Unlike the cryptocurrencies themselves, these crypto exchanges are operated by actual companies, which is the reason why users have to go through a registration process before using such sites for buying crypto.

Even though you can easily register and buy crypto on practically any exchange, they differ in many important aspects that we cover throughout this crypto exchange ranking.

From our ranking of the best crypto exchanges and brokers, different trading platforms are recommended for various reasons. Due to availability concerns, we make a distinction between globally available crypto exchanges, and those only operating in Europe, when looking at which crypto exchange may be suited for you.

International crypto exchanges offer trading of a wide range of cryptocurrencies in many regions of the world.

• eToro is our best-rated crypto broker
  ↳ Many deposit methods, easy usage, many coins

• Kraken is recommended by us for both beginners and traders
  ↳ Many coins, very low fees, easy and pro mode, automatic DCA

• Coinbase is one of the biggest, publicly listed crypto exchanges
  ↳ Many coins, trading tools, automatic DCA, higher fees than Kraken

For users residing in Europe, we recommend the following top crypto exchanges from Europe for many reasons, such as faster registration, higher data protection, and much more:

• Bitpanda is especially recommended for crypto beginners
  ↳ Easy to use, many coins, automatic DCA, trading tools

• Bitvavo is recommended for cost-efficient crypto trading
  ↳ Very low fees, many coins, PayPal accepted, trading tools

• Bison is a recommended broker for easy Bitcoin and stock investing
  ↳ Easy Usage, Automatic DCA via standing order

Throughout this ranking of crypto exchanges, you will notice that certain sites for buying cryptocurrencies are labeled as exchanges while others are labeled as brokers. This is due to the reason that are two major different platforms for trading cryptocurrencies.

Crypto exchanges directly create trading markets to let users buy and sell crypto from each other. When you trade crypto at an exchange, you directly buy or sell your crypto to other users. This frequently results in lower trading fees, making cryptocurrency exchanges very cost-efficient.

Crypto brokers on the other hand act as a middleman between traders and markets. When you buy or sell crypto at a broker, the broker does the actual trade on an exchange for you. While these types of sites for buying crypto sometimes result in higher fees, they are often very easy to use and hence great crypto trading platforms for new investors.

eToro is a well-known broker founded in 2007 that offers trading of 75+ cryptocurrencies among many other assets like stocks and commodities. On eToro, buying and selling many popular cryptocurrencies is particularly simple due to an easy trading interface.

Unlike many other tested crypto brokers, purchased cryptocurrencies on eToro can even be withdrawn to your own wallet under disclosed circumstances.

Furthermore, the eToro broker has many branches worldwide and is regulated by institutions such as the CySEC, FCA, and ASIC, making it one of the best international platforms for buying crypto.

With a variety of tradable cryptocurrencies, eToro is a top crypto broker for buying Bitcoin and other cryptocurrencies fast and easily with numerous deposit methods. We particularly appreciate eToro for its numerous deposit methods, such as PayPal, and interesting features like copy trading with a very large community.

Kraken is a famous crypto exchange based in the USA. The crypto exchange offers trading of a large number of crypto coins and integrates all the necessary functions for investing in cryptocurrencies, such as automatic DCA and crypto staking, with very low trading fees.

Luckily, Kraken offers both a simple user interface that allows beginners to start trading cryptocurrencies with low effort and an advanced trading mode 'Kraken Pro' with useful tools for traders.

In addition to a very large selection of tradable crypto coins, Kraken is particularly known for its high level of trustworthiness and transparency, as the crypto exchange implements a public proof of reserves of its customer funds.

Bitpanda is a European broker for cryptocurrencies, stocks, ETFs, and precious metals based in Austria. The modern trading platform focuses especially on offering new investors a user-friendly and feature-rich introduction to investing.

Bitpanda provides a very user-friendly trading platform that includes all the important features of a top crypto exchange, such as staking and automatic Bitcoin DCA .

In addition, Bitpanda maintains a large and growing selection of 200+ crypto coins that will satisfy the vast majority of crypto investors.

Furthermore, the 2014-founded exchange offers high regulatory compliance and is one of the first crypto exchanges with a license from the German BaFin.

To learn more about Bitpanda, take a look at our Bitpanda review with all important information for 2024.

Bitvavo is a European crypto exchange based in the Netherlands. The exchange for cryptocurrencies offers very cost-efficient buying and selling of 175+ cryptocurrencies with particularly low trading fees.

At the same time, Bitvavo has a user interface for both beginners and experienced traders, making this exchange suitable for investors of any experience level.

The Bitvavo crypto exchange also offers a high level of security by insuring up to €100,000 per user in the event of external hacks and by securely storing customer funds with the help of the 'Bitvavo Payments' Foundation.

What is very unique about Bitvavo is the fact that beginners benefit from the same low fees as advanced traders. Moreover, this crypto exchange accepts PayPal, making depositing at Bitvavo doable in real-time, which is rarely the case for most other crypto exchanges.

Coinbase is an international crypto exchange listed on the US stock market, that offers trading of 230+ crypto assets with rich features, such as automatic DCA, staking, and an NFT marketplace.

The USA-based cryptocurrency exchange offers both a simple trading mode for beginning investors, as well as an advanced trading view for experienced traders, hence Coinbase can be used by any crypto investor.

Since its founding in 2012, Coinbase places a high value on regulatory compliance around the globe to enable a high level of trust. This effort is reflected in Coinbase being the first-ever crypto exchange to be licensed by the German BaFin.

When looking for a crypto exchange, there are some important factors that our ranking of top exchanges for cryptocurrencies is based on:

By considering these essential factors, you can quickly gain an overview of the best exchanges for buying cryptocurrencies that cater to your specific requirements.

An uncomplicated registration process is an important component of good cryptocurrency exchanges, as long-lasting registration procedures are often the first barriers to entry.

On most platforms from this crypto exchange overview, a registration process with identity verification must be completed before trading any cryptocurrencies.

Luckily, the registration and verification process on most exchanges for cryptocurrencies can be performed within minutes with mostly just a government-issued ID and/or a basic utility bill that one has to scan and upload to the crypto exchange.

Fortunately for European investors, many European crypto exchanges like Bitvavo and Bitpanda offer the fastest registration and verification process out of all platforms we have tested, as they mostly only require an ID.

Crypto exchanges and crypto brokers finance themselves through trading fees by keeping a small percentage of the trading volume for each crypto trade you make on their trading platform. If you want to make the best possible use of your investment capital, you should pay particular attention to the trading fees of crypto exchanges.

Most other crypto platforms, which scored slightly lower in terms of fees, often offer other advantages instead, such as higher regulatory safety.

In fact, this is a very common trade-off in the world of crypto exchanges: As regulatory compliance comes with higher bureaucratic effort, more regulated cryptocurrency platforms, such as Bitpanda, often come with higher trading fees.

Another important feature to us when evaluating the best crypto exchanges is the functionality to execute an automatic crypto DCA strategy.

On crypto exchanges with automatic DCA, cryptocurrencies can be bought automatically on a regular basis without manual intervention.

These crypto exchanges are useful for individuals who wish to invest regularly in cryptocurrencies without having to worry about the current market conditions, making them highly recommended.

Another feature that can be used to identify your personal best cryptocurrency exchange that is especially essential for mobile investors is the ability to invest on the go via a mobile app.

We found that these apps are particularly pleasing to use and implement most of the features that are also available in the web versions.

While our test result shows some clear winners, finding the right crypto exchange is a subjective task that requires anyone to consider their individual circumstances.

For beginning investors, the best exchanges for buying crypto are those that offer a quick registration and a simple user interface with little room for error. These include in particular the crypto broker eToro and the exchanges Kraken and Bitpanda (EU) .

For more experienced crypto investors, on the other hand, low fees and the range of functions can be decisive factors when ranking crypto exchanges. From our test, the cryptocurrency exchanges Binance and Bitvavo (EU) are particularly recommended for experienced crypto traders.

If you are still unsure of which platform to choose, take a look at our ultimate crypto exchange comparison.