Getting started with crypto usually begins with picking an exchange. It’s the hub where you buy your first coins, trade between different assets, or explore new features like staking, yield programs, or NFTs.
The tricky part is that no two exchanges feel the same. Some are built with beginners in mind, keeping the process clean and simple. Others load up on advanced tools, low-fee trading, and deep liquidity for people who trade every day.
The catch is that no exchange gets everything right. Fees, security, the number of coins on offer, even how smooth the mobile app feels; all of these details shape your experience. Choosing well can make crypto feel empowering. Choosing poorly can leave you frustrated.
That’s why we tested the top platforms ourselves and put together this guide. Instead of handing you one “winner,” we break down the strengths and weaknesses of each exchange, and who they’re really built for so you can match the right platform to your own goals.
Disclosure: We independently test and review exchanges to highlight their strengths and weaknesses. Some links in this guide are affiliate links, meaning we may earn a commission if you sign up through them at no extra cost to you. This never affects our evaluations or rankings. Every platform listed here has been vetted for security, usability and reliability.
Key Takeaways
The top crypto exchanges include Coinbase, Binance, Bybit, WhiteBIT, MEXC, Toobit and Bitget, each excelling in different areas such as low fees, liqduity depth, altcoin variety and security.
Coinbase is favored by beginners for simplicity, Binance serves advanced traders with global liquidity and product breadth, and Kraken is trusted for reliability and strict regulatory compliance.
Bybit specializes in derivatives trading, WhiteBIT is known for its strong security focus in Europe, and MEXC stands out with fast memecoin listings and broad altcoin access.
Crypto.com attracts mobile-first users with its polished app, Uphold appeals to those seeking staking and yield, and Toobit is popular for its optional KYC flexibility.
Choosing the right exchange depends on personal needs: beginners should prioritize simplicity and trust, while advanced traders should focus on fees, liquidity, and advanced tools like margin, futures, or staking.
What Makes a Great Crypto Exchange in 2025
The crypto exchange vertical in 2025 is more competitive than ever. They are no longer just hubs to buy Bitcoin. Now, exchanges have evolved into full ecosystems offering trading, staking, lending, and access to DeFi and NFTs. But, with so many choices (CoinGecko tracks 200 exchanges, while CoinMarketCap tracks 250), what separates a truly great exchange from the rest?
Security and Trust
Security still ranks first. Users want to know their funds are safe. The best exchanges combine cold storage with advanced risk controls, proof-of-reserves, and insurance funds. It’s not just about avoiding hacks anymore; it’s about proving to the user that the platform is not only transparent but also solvent, if it were to face any financial issue, like a hack.
A Crypto Exchange Is The Sum Of Its Features. Image via Shutterstock
Liquidity and Trading Pairs
A liquid market means tight spreads, fast order execution, and less price slippage. Top exchanges today offer thousands of pairs, ranging from blue-chip assets like BTC and ETH to your favorite memecoins and new launches. But it’s not only about having more tokens. The real test is whether those pairs trade with enough depth to handle both retail and institutional flow.
Fiat Access
Onboarding matters. Many users still start their crypto journey by linking a bank account or card. Strong fiat rails make that possible. Exchanges that support local currencies, multiple payment providers, and faster settlement stand out. In regions with strict banking rules, fiat access can make or break an exchange’s adoption.
Regulation and Global Reach
Regulation is no longer an afterthought for crypto exchanges; it’s baked into the business model. Some governments push for heavy licensing, others ban outright, and a few leave grey areas wide open. The strongest exchanges are the ones that find a way to adapt in each market. A platform that works in the US, Europe, and Asia feels global. But behind the scenes, it’s juggling dozens of rulebooks just to keep the doors open.
User Experience and Mobile
Trading has gone mobile first. People want clean apps that load fast, don’t crash, and still pack in features for pros. If an app feels clunky, users leave, no matter how many tokens are listed. The winning exchanges are the ones that hide the complexity without dumbing things down. Beginners get one-tap buys, while advanced traders get depth charts and margin tools.
Verification rules are now standard. Most regulated exchanges ask for ID uploads, proof of address, and sometimes even income sources. This builds legitimacy, but also frustrates users who value privacy. Some exchanges soften the blow with tiered access: small trades without full KYC, higher limits if you verify. Others go all-in on compliance to attract institutions. Privacy-focused users drift toward DEXs, but the mainstream accepts KYC as part of the deal.
Methodology
All exchanges in this guide were tested with live accounts during October 2025. To keep things consistent, we went through the same steps on every platform:
Account creation and onboarding: Including any KYC requirements
Deposits and withdrawals: Both fiat (where supported) and crypto
Live trades: Spot, margin, or futures, depending on what the exchange offers
Staking, yield, or copy trading features: To check accessibility and real returns
Mobile and desktop experience: Speed, reliability, and ease of use
Security and transparency checks: Proof-of-reserves, cold storage and audits, etc.
Between our team, we’ve used these exchanges for over five years across bull and bear markets. The recommendations come from direct trading experience, not just secondhand research.
Disclaimer: Cryptocurrency is a high-risk market. Prices move quickly, and it’s possible to lose your entire investment. This guide is for educational purposes only; it’s not financial, investment or legal advice. We’ve tested and reviewed these exchanges to give you an honest view of their strengths and weaknesses, but conditions can change fast. Always double-check fees, availability in your region, and security updates before making a decision. If you’re unsure, speak with a licensed financial professional. We do not guarantee the accuracy, completeness, or timeliness of the information provided.
Comparison Table
After reviewing dozens of platforms, a few names consistently prove themselves as leaders. These exchanges set the standard for security, ease of use, and market depth, making them the best options right now.
Hidden orders and MEV-aware routing; crypto and stock perps
Yield-bearing collateral, asBNB and USDF; Aster Earn
Decentralized protocol, no centralized license
Notes: Availability, staking, and fees can vary by region and product. Always verify live schedules and local restrictions.
1. Best for Beginners: Coinbase
Coinbase is the most beginner-friendly exchange, widely known for its intuitive interface and regulatory compliance. It’s a top choice for first-time crypto buyers, offering seamless fiat on-ramps, educational tools, and a strong focus on security. While fees are higher than competitors, the simplicity and trust factor make Coinbase stand out for newcomers.
Simple buy/sell interface for beginners, Pro charts for advanced traders
Supports 250+ cryptocurrencies with fiat pairs
Regulated in the US and publicly listed company (Nasdaq: COIN)
Multiple payment options: bank, card, PayPal (region-dependent)
Coinbase Wallet for Web3 and self-custody
Staking and yield opportunities on popular assets
Educational rewards via Coinbase Earn
24/7 customer support with live chat
Strong security record with insurance coverage and cold storage
Pro Tip: Switch to Advanced Trade instead of Instant Buy to reduce fees significantly. This option offers full order books, charts, and lower maker/taker fees.
How we verified: Hands-on test in October 2025 with a Coinbase account. We checked onboarding, fiat and crypto deposits, executed spot trades, and validated withdrawal flows. Data last checked Oct. 4, 2025.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
2. Best for Active and Experienced Traders: Binance
Binance is the world’s largest exchange by trading volume (CoinGecko) and a go-to for active traders. With hundreds of pairs, deep liquidity, and advanced features like margin, futures, bots, and APIs, it offers every tool seasoned traders expect. While beginners can still use Lite mode, the Pro interface is where Binance shines.
How we verified: Hands-on test in October 2025 with a Binance account. We checked onboarding, fiat and crypto deposits, executed spot and futures trades, and validated withdrawal flows. Data last checked Oct. 4, 2025.
Disclosure: The Coin Bureau may receive a commission if you sign up through our Binance link. This does not influence our independent research or reviews.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
3. Best for Reliability: Kraken
Kraken is one of the longest-standing crypto exchanges and remains a trusted name in the industry. Known for security and transparency, Kraken caters to both new and experienced traders with a mix of simple tools and pro-grade features. Its global reach, strong compliance, and 24/7 support make it a reliable choice for long-term use.
Fees
Maker: 0.25% · Taker: 0.40% · Instant Buy: up to 1.5%
Fees decline for high-volume traders. Withdrawals are competitive (e.g., 0.00001 BTC).
Traders who prioritize security, compliance, and long-term reliability
Highlights
430+ assets · Simple & Pro interfaces · Staking & passive income · 24/7 support
Key Features
Supports 430+ cryptocurrencies and numerous fiat pairs
Two trading modes: Kraken Simple and Kraken Pro
Spot, margin, futures, and OTC trading
Staking and passive income opportunities
Integrated Kraken Wallet with multi-chain support
NFT marketplace and educational resources
24/7 live chat customer support
Pro Tip: Kraken Pro offers lower fees than the Simple interface. If you trade more than occasionally, switching to Pro can save you a significant amount.
How we verified: Hands-on test in October 2025 with a Kraken account. We checked onboarding, fiat and crypto deposits, executed spot trades, and validated withdrawal flows. Data last checked Oct. 4, 2025.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
4. Best for Derivatives Traders: Bybit
Bybit is known for low fees, deep liquidity, and a suite of pro-level tools, it’s a go-to for active derivatives traders. Beginners may find it complex, but for those beyond simple buys, Bybit offers advanced options and strong mobile support.
Fees
Spot: 0.1% maker / 0.1% taker · Derivatives: as low as 0.01% maker / 0.06% taker
VIP tiers unlock further discounts for high-volume traders.
How we verified: Hands-on test in October 2025 with a Bybit account. We reviewed onboarding, executed spot and futures trades, tested copy trading, and checked withdrawal flows. Data last checked Oct. 4, 2025.
Disclosure: The Coin Bureau may receive a commission if you sign up through our Bybit link. This does not influence our independent research or reviews.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
5. Best For High Security: WhiteBit
WhiteBIT ranks among the top exchanges on CER.live’s security benchmarks, with cold storage, strict KYC, and anti-phishing tools. While restricted in the U.S. and some regions, it’s a secure, regulated option for European users.
How we verified: Hands-on test in October 2025. Reviewed WhiteBIT’s regulatory status, checked CER.live audit data, tested spot and futures trading, and verified fiat on/off-ramps. Data last checked Oct. 4, 2025.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
6. Best for Altcoin Variety: MEXC
MEXC lists over 4,200 cryptocurrencies and adds new tokens faster than most competitors, making it the go-to exchange for altcoin hunters. Its combination of strong security, global reach, and competitive fees has helped it stand out for traders who want early access to trending projects before they hit bigger platforms.
How we verified: Hands-on test in October 2025. Checked MEXC’s Proof of Trust security disclosures, reviewed CER.live audit data, tested spot and futures trades, and validated token listings. Data last checked Oct. 4, 2025.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
7. Best Mobile App: Crypto.com
Crypto.com is built for mobile-first traders, with one of the most polished apps in the industry. Users can buy, sell, and stake over 400 assets, access derivatives, automate trades, and even spend crypto directly via its Visa card. CRO token rewards and integrated yield programs make it feel like a complete crypto ecosystem in your pocket.
Fees
Maker: 0.00%–0.25% · Taker: 0.05%–0.50% · Min deposit: $20
Discounts apply for high-volume traders and CRO token holders.
How we verified: Hands-on test in October 2025 using the Crypto.com app. We checked deposits, purchases, staking, and Visa card functionality. Data last checked Oct. 4, 2025.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
8. Best For Staking: Uphold
Uphold is a flexible trading and yield platform, offering some of the highest staking rewards in the market of up to 16.4% APY across 19 coins. With a low $1 minimum trade, thousands of crypto-to-crypto pairs, and multiple wallet options, it suits both newcomers and seasoned investors. Fees are higher than average, but for yield seekers, Uphold’s staking program is hard to beat.
Fees
BTC/ETH purchases: 1.4%–1.6% · Other crypto: 0.2%–2.95% BTC withdrawal: 0.000075 BTC (~$6) · Vault wallet: $4.99/mo or $49.99/yr
How we verified: Hands-on test in October 2025 covering staking setup, trading, and wallet use. Data last checked Oct. 4, 2025.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
9. Best For Optional KYC: Toobit
Toobit has quickly gained traction by offering a full suite of features while keeping KYC optional. Unlike most centralized exchanges, you can sign up and trade right away, with identity verification only needed for higher withdrawal limits or fiat features.
Fees
Spot: from 0.1% taker / 0.075% maker (VIP tiers as low as 0.0125% / 0.0375%) Futures: from 0.06% taker / 0.02% maker, with reductions at higher tiers Deposits: Free · Withdrawals: Network-based
Traders who want centralized exchange tools without mandatory KYC
Highlights
Spot & futures up to 150x · Copy trading & bots · Optional KYC · Proof of Reserves
Key Features
170+ spot pairs and nearly 300 perpetual contracts
Leverage up to 150x on futures
Built-in trading bots (Futures Grid, Martingale)
Copy trading plus demo trading mode
Optional KYC with higher withdrawal limits if verified
Proof of reserves, AES-256 encryption, 2FA, cold storage
24/7 customer support and Toobit Academy learning hub
Pro Tip: If privacy is a priority, you can trade on Toobit with just a basic signup. Consider completing KYC only if you need higher withdrawal limits or fiat on/off-ramps.
Pros
Optional KYC for greater flexibility
Spot, futures, bots, and copy trading all included
How we verified: Hands-on test in October 2025 with a Toobit account. We created an account, explored spot, futures, bots, and copy trading, and validated withdrawals. Data last checked Oct. 4, 2025.
Disclosure: The Coin Bureau may receive a commission if you sign up through our Toobit link. This does not influence our independent research or reviews.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
10. Best for Low Fees: Bitget
Bitget has carved out a strong reputation as a low-fee exchange with a full trading ecosystem.
It’s best known for its derivatives tools and ranks as the third-largest derivatives exchange globally, according to CoinGecko. While the wide feature set can feel overwhelming at first, Bitget balances it with a user-friendly interface and extensive educational content.
Fees
Spot: 0.1% maker / 0.1% taker (reduced to 0.08% with BGB) ·
Futures: 0.02% maker / 0.06% taker
VIP tiers lower fees further — at the top tier, spot fees fall as low as 0.02% maker / 0.03% taker.
How we verified: Hands-on test in October 2025 with a Bitget account. Checked fiat/crypto deposits, executed spot and futures trades, used copy trading, and reviewed withdrawal flows. Verified proof-of-reserves and fund disclosures. Data last checked Oct. 4, 2025.
Disclosure: The Coin Bureau may receive a commission if you sign up through our Bitget link. This does not influence our independent research or reviews.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
11. Best Decentralized Exchange: Aster
Aster is a multi-chain perpetuals DEX focused on privacy and capital efficiency. You get hidden orders, MEV-aware routing, and crypto plus stock perps in one interface. Simple mode offers guided tickets with tight risk controls. Pro mode unlocks advanced orders and portfolio views. Power users will feel at home, beginners should move slowly.
How we verified: Hands-on test in October 2025. We connected wallets on BNB and Arbitrum, placed Pro hidden orders, tested Simple tickets, and reviewed fees and funding behavior. Data last checked Oct. 4, 2025.
Disclosure: The Coin Bureau may receive a commission if you sign up through our Aster link. This does not influence our independent research or reviews.
Reviewed byJasir Jawaid, Editor in Chief at The Coin Bureau.
Updates in Our October 2025 List
We are not making any changes to our centralized exchange picks for October 2025.
New this month, we are adding a best decentralized exchange category. Our pick is Aster.
Why Aster?
Hidden orders cut signaling and reduce slippage.
MEV-aware routing improves execution quality.
Pro and Simple modes suit both advanced and guided use.
Multi-chain support on BNB, Ethereum, Solana, and Arbitrum.
Crypto and stock perpetuals in one interface.
Low posted Pro fees, 0.01% maker and 0.035% taker, with an extra discount when you pay with ASTER.
Market conditions can change quickly. We will keep monitoring fees, features, volumes, liquidity, and other trust signals. If anything shifts, we will update this section.
How to Choose the Right Exchange for You
Choosing a crypto exchange isn’t about chasing the biggest brand name or the one with the flashiest app. Rather, it's about finding a platform that lines up with how you trade, where you live, and what you actually need. Think of it less like buying a “best overall” product and more like picking the right tool from a kit.
Identify Your Needs: Beginner vs. Advanced, Investor vs. Trader
If you’re just a beginner dipping your toes into Bitcoin, you’ll want something clean, simple, and forgiving if you make a misstep. If you’re a day trader running 10 charts at once, you’ll care a lot more about order execution speed and advanced order types.
Beginners: Look for easy apps, strong support, and clear pricing.
Passive investors: Prioritize safety, recurring buys, and staking rewards.
Active traders: Zero in on fees, liquidity, and whether the platform offers futures, margin, or APIs.
One mistake I see a lot? People sign up for an exchange because a friend recommended it, then realize later it doesn’t fit their style at all.
You Must Choose A Crypto Exchange Unique To Your Needs. Image via Shutterstock
Geographic Restrictions and Fiat On-Ramps
As you can tell by now, not every exchange is available everywhere. You might find rave reviews about a platform, only to discover it doesn’t operate in your country. On top of that, fiat on-ramps matter more than you’d think. If you want to buy with a debit card or set up a bank transfer, make sure the option exists before you bother registering. Otherwise, you’ll be stuck buying crypto elsewhere and transferring it over, which means more fees and hassle.
Trading Volume and Slippage Considerations
Ever try to buy a token, only to notice the price jumped just as your order went through? That’s slippage, and it’s usually a liquidity problem. Exchanges with deep order books (lots of active buyers and sellers) make this less painful.
For big coins like BTC or ETH, nearly every major exchange has decent liquidity.
For niche tokens, the difference is night and day. On a smaller exchange, your $1,000 buy order might actually move the market. On a high-volume platform, it probably won’t.
Platform Longevity
Crypto is full of shiny new platforms that burn bright for a year and then vanish. Look for exchanges that have survived multiple bull-and-bear cycles; they’ve proven they can adapt. Another good sign? Regular updates, new feature rollouts, or public audits. It shows the team is still building, not just coasting.
Build Your Strategy Around Platform Features
Don’t twist your strategy to fit whatever an exchange happens to offer. Flip it around. If you like automation, find a platform with bots baked in. If you’re curious about DeFi or Web3, pick one with an integrated wallet. If you just want a safe place to buy and hold Bitcoin, don’t overcomplicate it; go with a long-standing, regulated option that keeps most funds in cold storage.
Closing Thoughts
At the end of the day, there isn’t one “best” crypto exchange for everyone. A beginner buying their first $100 of Bitcoin is going to care more about a clean app and easy fiat deposits, while a futures trader moving six-figure volume is laser-focused on fees and liquidity depth.
Security, proof-of-reserves, and regulatory standing are non-negotiables, but beyond that, it’s about finding the platform that actually fits your style. If you treat this guide as a way to narrow the field, not crown a universal winner, you’ll make a much smarter, more confident choice.
What is the difference between a centralized and decentralized crypto exchange?
A centralized exchange (CEX) like Binance, Coinbase, or Kraken acts as a middleman. You deposit funds with them, they manage order books, and you rely on their security, liquidity, and fiat on-ramps. These are regulated, often easier for beginners, and come with customer support.
A decentralized exchange (DEX) like Uniswap or dYdX removes the middleman. Trades happen directly between users via smart contracts. You keep control of your wallet and private keys, but you give up things like fiat deposits, 24/7 customer support, and often liquidity depth.
How do I know if a crypto exchange is safe to use?
Look for a mix of technical protections and trust signals:
Proof-of-Reserves and regular audits showing solvency.
Cold storage for most customer funds.
Licenses/regulatory oversight in major markets (US, EU, UK, Singapore, Dubai).
Insurance or SAFU-type funds to cover unexpected losses.
Track record: long history, no major hacks, and transparent communication during stress events.
If an exchange skips on audits or hides its headquarters, that’s a red flag.
Can I use multiple exchanges for different purposes?
Yes, many serious traders do. For example:
Coinbase for fiat on-ramps and compliance.
Binance or Bybit for liquidity and derivatives.
MEXC or Gate.com for early altcoin listings.
Uphold or Crypto.com for staking and earning yield.
This way, you spread risk and optimize for each need instead of relying on one platform.
Which exchanges offer crypto staking or earn programs?
Most leading exchanges now offer yield products:
Coinbase, Kraken, and Binance → ETH and top proof-of-stake coins.
Crypto.com → staking, flexible earn, and CRO-based Visa rewards.
Uphold → up to ~16% APY on 19 assets.
Bitget, Bybit, MEXC, and WhiteBIT → staking, launchpools, and savings programs.
Rates, availability, and legal status vary by country. Always double-check local rules.
Are there any exchanges with no KYC requirements in 2025?
Most regulated exchanges require KYC (Know Your Customer) checks. However, a few allow trading with optional or minimal KYC:
Toobit → lets you trade spot/futures without ID, but with withdrawal limits.
MEXC → light KYC in some regions.
DEXs (like Uniswap) → entirely non-custodial, no KYC at all.
Remember: with no KYC, you lose regulated protections and fiat access.
How do I transfer assets from one exchange to another safely?
Copy the correct wallet address from the receiving exchange (always double-check network, e.g., ERC-20 vs BEP-20).
Send a test amount first before moving large funds.
Use networks with lower fees when possible (e.g., USDT on Tron instead of Ethereum).
Enable 2FA and withdrawal whitelists on your exchange account for extra security.
Monitor confirmations; some transfers take seconds, others minutes or hours.
What are the tax implications of using crypto exchanges in my country?
This depends entirely on where you live. Common patterns include:
Capital gains tax on profits when selling or swapping.
Income tax on staking, airdrops, or mining rewards.
Reporting requirements (many exchanges now share data with tax authorities).
Since tax law changes often and vary by jurisdiction, always consult a licensed tax advisor in your country.
Providing financial education to those who need it most has always been a passion of mine. While working as a Financial Advisor, I had my eyes opened to the world of crypto and its potential to help make the world a better place. I believe that blockchain technology can build a brighter future and am excited to be part of it.
