Crypto trading platforms, also known as cryptocurrency exchanges, facilitate the transaction of crypto assets. Through these digital marketplaces, you can buy and sell coins to build up your portfolio and engage in various trading strategies. Joining an exchange is a vital step in becoming a crypto trader, and you should not take this decision lightly.
Whilst some exchanges are packed with features, others are simply lacking. Since you’re dealing with high-value assets, you’ll want to ensure that your crypto exchange is secure. There are also some other important factors to consider, which we’ll touch on in this article.
Afterwards, we’ll present you with the top crypto platforms in 2024 that we believe are worth trying out. If you don’t think any of our options are suitable for you, don’t worry, as we have a very interesting alternative to discuss. So, if you’re ready to take the next step in your crypto trading venture, just read on.
What To Consider When Choosing a Crypto Exchange
Before we start to discuss our top crypto trading platforms, let’s check out the defining factors that set apart the standard options from the best options:
Availability
Firstly, you’ll need to ensure that your chosen exchange is available in your location. Some platforms are restricted to facilitating the transaction of virtual currency in certain countries and will not be accessible from others.
Security
Of course, you will want your sensitive information to be kept private and your crypto assets secured when trading through an exchange. Therefore, the best exchanges will have top-tier security measures in place. This includes two-factor authentication and offline storage services (such as cold wallets).
Fees
Trading can be a costly endeavour, so it’s smart to try to cut costs whenever possible by choosing an exchange with low trading fees. Typically, whenever you buy or sell crypto assets, you will be charged by your exchange. This charge can either be in the form of a flat fee for each action or as a percentage of your transaction size.
Accessibility
As a trader, you’ll be spending plenty of time navigating your crypto exchange. Due to this, it will be important for you to use a platform that is fast, intuitive, and easy to use. A platform that is clunky, slow, or overly complex will only slow you down and cause distractions.
Assets
When trading, it’s crucial to have a diverse portfolio. To achieve this, your chosen exchange must have a wide selection of coins available. From stablecoins to utility tokens, the best exchanges will have hundreds of different cryptocurrencies with varying market caps, prices, and use cases.
Support
Finally, a helpful support team can drastically improve your overall experience as a trader. Beginners, in particular, will often face obstacles or need extra assistance throughout their trading endeavours, so having a reliable and knowledgeable support team can be game-changing.
The Top Crypto Trading Platforms To Try Out in 2024
Using these factors, we have handpicked the best crypto exchanges of 2024 that you can join today. These platforms are all secure, full-featured, and rich with exciting cryptocurrencies to trade. Let’s take a look at our choices:
With over 10 million clients and 204 billion dollars in quarterly trading volume, Kraken is undoubtedly one of the most reputable crypto exchanges around. Through this versatile exchange, you can buy and sell more than 200 different digital assets from 190 countries.
The platform itself is highly secure, easy to navigate, and offers plenty of additional features. For instance, the interface is highly customisable and allows users to resize and rearrange trading modules to create a personalised and responsive layout. Kraken also has competitive trading fees that go as low as 0.01%, making it an affordable and well-rounded option for traders.
Another one of the top crypto exchanges that we recommend is Gemini. This platform is perfect for anyone who wants to benefit from robust security measures that are put in place to shield their assets. Of course, all the platforms we have listed today are secure. However, Gemini definitely goes a step further with a full KYC verification process, wallet address whitelisting, 2FA, and more.
Aside from being highly secure, Gemini is also packed with helpful additions such as advanced charting tools, trading pair selectors, and a dynamic fee system. Rather than charging a fixed amount, Gemini calculates their fees based on how much each user is trading and which device they’re trading through. This cryptocurrency exchange currently supports over 100 coins and is available in every US state as well as 60 other countries.
eToro may not be as sophisticated as the other exchanges we’ve mentioned, but it is certainly reliable and beginner-friendly. Currently, eToro has over 30 million global users, and its platform can be used in over 100 different countries. This platform has a fantastic customer support team, along with a variation of other useful features.
If you’re struggling as a beginner, you can navigate to eToro’s comprehensive help centre. Here, you’ll find plenty of guides and tutorials to help you on your trading journey. Additionally, utilising the help of this platform’s customer support team, you can efficiently buy and sell more than 3,000 different financial assets, including stocks, ETFs, various commodities, and, of course, cryptocurrencies.
If you want more opportunities to earn crypto when trading, look no further than Coinbase. This platform, which has over 130 billion dollars worth of assets, offers its unique reward program to all users. Through Coinbase, you can earn various crypto rewards by watching educational videos and completing quizzes. This allows all users to stretch out their trading budgets.
But that’s not all Coinbase has to offer. This exchange also supports over 150 crypto assets, which can be traded in more than 100 countries. Additionally, Coinbase’s mobile app is incredibly easy to use, allowing you to effortlessly trade on the go.
Last but not least, another crypto exchange we highly recommend is KuCoin. This platform is a great all-rounder and provides everything you could possibly need to begin trading crypto. With 24/7 customer support, hundreds of tradable assets, and top-notch security measures, KuCoin is a great option for any trader.
The most notable aspects of this platform include its available trading bots, native token (KuCoin Token), and flexible trading fees. All in all, if you’re looking for a standard, cost-effective platform that has a wide selection of crypto coins to buy and sell, then KuCoin will be a terrific choice.
Are There Any Alternatives to Cryptocurrency Exchanges?
As great as cryptocurrency exchanges are, they’re certainly not perfect. For instance, many crypto exchanges lack forms of guidance aside from having a knowledge base or customer support team. More often than not, new traders will need personalised assistance to help them truly capitalise on the crypto space.
Thankfully, there is another option. Cryptocurrency brokers exist to help users of all experience levels build their confidence and achieve their goals as traders. Rather than leaving you to conduct trades alone, brokers will guide you through the entire process, providing you with helpful tools along the way.
For example, some brokers provide demo trading accounts, which allow users to trade cryptocurrencies using dummy funds. This is a great way to practise new trading strategies and become acquainted with the crypto market. Other resources, such as charting tools, enable crypto traders to visualise coin price movements and track trading volumes. Overall, brokers have plenty to offer both beginner and experienced traders.
So, if this seems like a good option for you, why not try out a broker instead of a cryptocurrency exchange? Joining a brokerage is fairly hassle-free and can even be simplified with the help of a crypto platform. Crypto platforms help to connect their users with suitable brokerages, saving both time and stress. Additionally, platforms such as Immediate Bitmasters utilise AI technology to analyse their users’ information and guarantee an optimal match. However, the increasing number of fraudulent activities and crypto scams should make you very careful when choosing the right platform. For example, Immediate Bitmasters has already created a proven track record and attracted loyal traders which are the signs of a legitimate service you should be looking for.
After the match has been made, all you need to do is communicate with your broker and make a deposit. Then, you’re free to buy and sell digital currencies such as crypto coins, tokens, and more.
Conclusion
Now that you’ve seen our best crypto exchanges to try out in 2024, which are you most inclined to try out? From Kraken’s advanced features to Coinbase’s reward program, each platform has unique advantages. Furthermore, we’re pleased to say that cryptocurrency trading has never been so accessible, with tons of user-friendly platforms to choose from.
If you want to keep searching for another crypto exchange on your own, then be sure to consider the key factors that we’ve mentioned. Security, asset availability, ease of use, customer support, and cost are all crucial aspects of any crypto exchange.
So, ensure that you do plenty of research on your options before making an account and depositing your funds. For more tailored support, you can also consider checking out a suitable broker through a crypto platform.