7 Best Cryptocurrency Exchanges in 2024

Cryptocurrency exchanges allow you to buy and sell crypto from your desktop or mobile device. There are thousands of exchanges available that offer different features and products which makes choosing the most suitable one a difficult task. To make your decision easier, our team have put together a comprehensive overview of the best cryptocurrency exchanges and trading platforms to consider in 2024.

In this guide, we will explain what each exchange has to offer, how to pick the best one for you and how to start using a cryptocurrency exchange.

An Overview of the 5 Best Crypto Exchanges

Best Cryptocurrency Exchanges Compared

So, why did we pick each of the above exchanges as the best options for 2024? Let’s take a look at what each platform has to offer.

1. eToro – Best Crypto Exchange Overall

With over 20 million users across 140 countries, eToro is an Israel-based global platform for trading in stocks, forex, commodities, and crypto assets. In the US, investors could only trade in crypto on eToro until 2022 but have access to stocks and ETFs now. The platform is still unavailable in a few states.

eToro’s greatest claim to fame is social trading, which allows users to share ideas and learn from the collective wisdom of others. You can even replicate the actions of successful traders with the unique CopyTrader feature. Plus, every user gets a $100,000 virtual trading account to practice trading without spending actual money.

To open an account, you must provide basic personal details, answer some questions meant to gauge risk appetite and trading experience, and undergo KYC verification. The process takes a few days.

Once verified, you can deposit funds from a bank account or debit card to begin trading. The primary platform has a simple interface for buying and selling. Margin and leverage trading are not offered in the US. Crypto-to-crypto trading isn’t allowed either, but some coins can be converted to others. eToroX, meant for experienced and institutional traders, is accessible through the same account.

eToro charges a 1% fee for crypto purchases or sales. There are no deposit or currency conversion fees for US customers. There are, however, charges for transferring crypto to the eToro Money wallet and leaving your account inactive for a year. eToroX has a 5bps transaction fee.

The security features are top-notch, with most user funds stored offline. The exchange has a long and strong record of keeping investor funds safe. Customer service is only through support tickets, but the most active traders get personal account managers.

Key Features

• eToro offers a unique copy trading tool.

• The platform provides indemnity insurance up to $1 million if the client lives in Europe, the United Kingdom, or Australia.

• Access traditional financial markets as well as crypto.

2. Coinbase – Best For Beginners

Founded in 2012, Coinbase is the largest US-based cryptocurrency exchange, offering 250+ currencies and more than 500 trading pairs. The centralized exchange has nearly 100 million users in over 100 countries and more than $130 billion in assets on its platform.

Coinbase provides a relatively simple interface that is excellent for beginners. It’s easy to open an account and deposit USD or link your bank account or card. The system is accessible on the web and through iOS and Android apps. With a clean design, Coinbase ensures even first-timers can quickly start trading.

However, the basic platform’s fee structure is opaque and complex. There are charges based on the spread for sales and purchases, the selected payment method, order size, market conditions, and costs of executing transactions on external blockchain networks. The resultant expense often ends up being higher than other top exchanges.

More experienced traders can use the Advanced Trade feature, which has a more straightforward fee structure and allows crypto-to-crypto transactions and more trade types, such as limit and stop orders. Another service in the beta phase is Coinbase One, which gets you fee-less trades for a monthly fee. Plus, Coinbase also has a self-hosted Web3 crypto wallet service.

Coinbase boasts industry-leading security features, with more than 98% of customers’ assets stored in cold vaults. Unusually for a crypto platform, Coinbase also insures the other 2% of crypto against crime. However, it’s important to mention that there have been cases of customers’ Coinbase accounts being compromised.

The exchange has had poor reviews for its lackluster customer service, but there have been recent improvements, including the addition of 24/7 live phone support. Coinbase provides a vast collection of learning resources and tutorials, as well as the opportunity to earn free crypto in the Learning Rewards section.

Key Features

• Advanced Trade

• Learning Rewards

• Web3 wallet

• NFT platform

3. Binance – Best for Low-Cost Trading

Binance is regarded as one of the best Bitcoin exchanges in Europe and many other countries for its extensive set of features and coins.

The platform is popular with traders for its low fees of 0.1% or less when trading the 350+ coins available. You can even get a 25% discount on fees when you pay with BNB, and there are zero trading fees on major BTC trading pairs.

The simple purchase and convert features mean inexperienced investors can still use the platform, albeit with higher fees. If you’re able to navigate the spot trading interface, though, you’ll benefit from customizable charts, indicators, and multiple order types. Customers is some jurisdictions can also use margin and trade derivatives.

There are plenty of features to help you make more out of your crypto, from staking and lending to swap farming, liquidity farming, and DeFi staking. You can even spend your crypto with the Binance debit card. Other popular features include the Launchpad where you can discover new projects and Binance NFT where you can trade NFTs and even create your own.

Binance has a history of regulatory issues and some banks have even blocked payments to Binance. The customer service also leaves a lot to be desired, and the crypto lending platform has suffered a couple of hacks, though it did reimburse customers with its emergency fund.

It’s worth noting that while Binance.com is available in most countries, Americans can only access the US subsidiary Binance.US. This has the same trading tools and low fees, but only supports 150+ coins and has much more limited features. There is no margin or derivatives trading on Binance.US, and the only additional features are staking and Binance Pay. In fact, Binance along with Coinbase are two prominent cryptocurrency exchanges that often spark debates within the crypto community, with enthusiasts frequently discussing the merits of each platform in the ongoing Binance vs Coinbase comparison.

Key Features

• Comprehensive staking service

• NFT marketplace (for non-US users)

• Wide coin selection and advanced trading tools

• Join one of 40 crypto telegram groups to become part of the Binance trading community

4. Kraken – Best For Customer Support

Founded in 2011, Kraken is a San Francisco-based centralized exchange known for a wide selection of assets (200+ coins and about 600 trading pairs) and low fees for advanced trading. However, for beginners, the system can prove complex and expensive. Plus, its staking and futures trading services are unavailable in the US. For margin trading, Kraken requires US residents to meet certain specifications.

The main Kraken platform works well for the simple buying and selling of Bitcoin. The verification is relatively quick; once done, you can link your bank account and start fiat-to-crypto or crypto-to-crypto transactions. The interface is easy to figure out, and you can also earn up to 23% interest through staking. In addtion, When comparing the various crypto platforms, the staking options offered by Kraken clearly stand out as an advantageous feature, particularly when you consider the debate of Kraken vs Gemini, where the latter offers a comparatively less expansive selection for staking.

Anyone with a Kraken account can access Kraken Pro, a more complex platform with advanced features such as charts and info on open orders. The greater advantage of Pro is the lower fee, beginning at 0.26% for takers and 0.16% for makers. The fees come down if you have high trading volumes over the previous 30 days.

Spot trading prices on the main platform begin at 1.5% for most currencies. Depending on the funding mode, there are additional charges from 0.5% to over 3.75%.

Kraken reports standard security measures, including 95% of deposits stored offline. It does not have a linked wallet, and assets held with it are ineligible for deposit insurance. Importantly, some user reviews mention the loss of assets due to hacking, with no recourse for recovery.

The mobile apps for both Kraken platforms are highly rated. The exchange also scores on customer service, with options for phone support (6 am to 6 pm ET), 24/7 web chat, and email. Frequent traders get a personal account representative.

Key Features

• Staking services for 18+ coins

• An NFT platform

• The in-depth learning section lets complete beginners learn the fundamentals of crypto.

5. KuCoin – Best For Altcoins

KuCoin is known as “The People’s Exchange” due to its huge reach and support available in multiple languages. The crypto exchange is based in Singapore but has expanded to multiple nations worldwide. In fact, they claim 1 in 4 investors use their platform to buy coins. In addition, KuCoin has one of the best fee structures among exchanges, making it desirable for most investors. Like Binance, the native KuCoin Token (KCS) reduces trading fees by 25%.

Moreover, the platform features over 700 cryptocurrencies to buy, sell, and withdraw. So those looking for a wide selection of assets may appreciate the vast selection KuCoin provides. You’ll be able to find new tokens and obscure altcoins on KuCoin that you can’t access on other centralized exchanges.

The platform claims strong protection, and clients can improve their security by enabling 2-step authentication. However, as an unlicensed platform, not everyone is prepared to trust KuCoin with their money.

A variety of derivative products are available on the platform, and KuCoin stands out thanks to its free trading bot. There are also a variety of ways to earn more from your crypto in the Earn section.

Key Features

• An active news feed

• Web3 features such as a self-custody wallet and NFTs

• Gamified futures trading with the Futures Brawl feature

6. Gemini – Best For Active Traders

Gemini was founded in 2014 in New York by the Winklevoss brothers and is available in over 60 countries, including all US states. What sets the exchange apart is its emphasis on security and compliance—it is the world’s first crypto exchange to get an SOC-2 certification, an examination given by third-party auditors to assess a company’s security levels.

The interface is user-friendly, with a simple buy and sell option and a detailed support section. For experienced traders, there’s the ActiveTrader platform, which has better charting tools, support for multiple order types, and quicker trade execution.

The mobile app is equally well-designed, with high ratings on the app stores and most of the functionality of the desktop site. For customer support, there’s no live system, but you get email and chat support, a virtual chatbot, and a comprehensive help center.

Gemini’s wallet is a useful service if you don’t already use one. It is a hot wallet, but asset losses resulting from a security breach are covered by insurance. Other services include the Gemini Clearing portal, a peer-to-peer trading platform, and Gemini Basic, a much simpler desktop platform for absolute beginners.

The fee structure is transparent but more complex than most exchanges. There are even different schedules for mobile and desktop trades. The fee varies depending on the amount you’re trading, with a higher value incurring a lower percentage fee.

In general, however, Gemini’s fees are on the higher side compared to most top-ranked exchanges. The other notable negative is that beyond Bitcoin, the range of crypto assets on the platform is comparatively less extensive.

Key Features

• Derivatives trading

• High performance tools for active traders

• NFT marketplace

7. Crypto.com – Best Mobile App

Singapore-based Crypto.com offers US customers approximately 250 cryptocurrencies, a standalone crypto wallet, NFT purchases, staking, crypto credit cards, and a separate decentralized exchange. Holding the exchange coin CRO gets you lower fees, better staking rates, and credit card rewards.

On the other hand, it doesn’t allow crypto-to-crypto trading in the US. It’s also a mobile-first platform, so you can’t use it on your computer.

The mobile app (both iOS and Android) is highly rated and straightforward. Despite many services offered through it, you can easily view your portfolio and a list of popular assets and make trades. The charting and analysis tools are somewhere between the basic and advanced platforms seen in many other exchanges.

The entire sign-up process, including verification and bank account linking, takes just a few minutes. The trading fees are relatively low, beginning at 0.4% for users with monthly volumes under $25,000 and no CRO holding. For higher-volume traders, it can be as low as 0.04%. Credit and debit card funding incurs a 2.99% fee, while ACH transfer is free. There’s also a small fee for withdrawing crypto to an external wallet.

Crypto.com offers a few options to hold coins on the platform, including a DeFi Wallet. With this separate app, you can earn rewards for tokens used in decentralized finance applications.

Assets with the platform are protected through substantial measures. The company also reports a $750 million insurance fund to cover customers’ assets lost to cyberattacks. A major area of concern is customer service. You get support via a help page, live chat, and email, but customer reviews often mention slow response times.

Key Features

• DeFi Wallet app

• Metal crypto Visa cards

• Multiple staking products

What Is a Cryptocurrency Exchange?

Cryptocurrency exchanges are digital platforms that primarily allow customers to buy and sell coins like Bitcoin, Ethereum, and Dogecoin.

Like an e-commerce marketplace, the exchange allows you to buy cryptocurrency using fiat currencies such as the USD, EUR, and GBP. Other exchanges allow the purchase of crypto using other cryptocurrencies or stablecoins like Tether.

Since cryptocurrencies are virtual digital assets, a digital wallet is needed for storage. Most exchanges offer crypto wallets that are associated with your exchange account.

How to Get Started With Cryptocurrency Exchange?

On most crypto exchanges, the process of signing up and making a purchase is very quick and simple. These steps show the process for eToro, but it will be very similar on other platforms.

Sign up

Head over to the official eToro website, click “Start Investing”, and fill out your username, email address, and password.

Verify your identity

Before you can start trading you’ll need to complete the KYC process by providing your full name and address and uploading an image of your photo ID and/or proof of address.

Deposit funds

The verification process should be pretty quick. Then you can click the “Deposit Funds” button, enter an amount, and choose one of the payment methods available.

Buy crypto

Once your funds arrive, you can explore assets in the Discover tab or use the search bar to find a specific coin. Click “Invest” on the coin page, type in how much you want to buy, and then hit “Open Trade” to complete the purchase.

What to Consider When Choosing a Crypto Exchange?

From the many options available, how do you select the best crypto exchange for your needs? While the choice might differ based on your specific expectations, here are the key general aspects to consider in your selection process.

Your Cryptocurrency Trading Knowledge

Your current familiarity with crypto trading can significantly impact what you get out of different exchanges. Some exchanges offer enough features to ease beginners into crypto trading. Others are more complex and better suited for experienced traders.

Best Crypto Exchanges for Beginners

While ease of use and prompt support are desired by everyone, these are particularly critical for novice traders. Exchanges designed for beginners offer other features like training resources, practice accounts (to try trading without investing real money), and copy trading (to learn from experienced users).

eToro Disclaimer : This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Best Crypto Exchanges for Advanced Traders

Traders with reasonable experience in crypto trading look for more complexity, including advanced order types, charting tools, and support for margin and futures trading. Such exchanges also offer a wider range of crypto assets, including new coins that traders can buy early.

Consider Your Needs: Hodling, Trading, or Staking?

Some individuals invest in crypto for the long term, hoping for value appreciation. Others buy and sell more frequently, depending on changing market conditions. The rewards and risks differ between these two strategies, as do the analysis tools and other features you would expect from the exchange.

Before we get into trading types, remember that you can buy crypto on any supported exchange and easily transfer it to another platform. This gives you greater freedom to select different service providers for different purposes.

Best Crypto Exchanges for Trading

Trading can be of different types, with differences in the corresponding tools you need to execute those trades smoothly. Thus, the exchange you select depends on your specific needs.

• Best platform to trade crypto ETFs: ETFs are a type of financial instrument that tracks the performance of cryptocurrencies, such as Bitcoin or Ethereum. These products are listed on stock exchanges which means that they are only available to buy through stock exchanges or brokers. 

• Best crypto margin trading exchanges: Meant for experienced traders, margin trading involves borrowing money to make trades, making it a high-risk and high-gain strategy. The best exchange for crypto margin trading is Kraken.

• Best crypto exchanges for day trading: Day trading refers to buying and selling an asset multiple times in a day to take advantage of short-term price changes. This is also advisable for experienced investors. Coinbase is our pick for crypto day trading.

• Best crypto exchanges for arbitrage: Crypto arbitrage trading is a profit-generating strategy by simultaneously buying and selling the currency to exploit price differences between exchanges. The best exchange for crypto arbitrage is Pionex, which offers a built-in trading bot to quickly identify arbitrage opportunities.

• Best exchanges to short crypto: If you believe that a coin’s price will fall sometime in the future, you can short it by borrowing coins and selling at a high price and buying back low. Several exchanges allow different investing options to short crypto, but the best of the lot is Coinbase.

• Best exchanges for crypto futures trading: Like futures for other assets, crypto futures allow you to gain exposure to certain cryptocurrencies without purchasing them. KuCoin is on of the the best exchanges for crypto futures.

• Best exchanges for staking crypto: With certain coins, you can increase the amount you own by subscribing to a staking product to earn interest. This is possible for Proof of Stake coins such as Ethereum, Algorand, and Cardano. The platform with the most staking options is Binance.

If you are interested in crypto trading, exchanges are not the only option available to you. You can opt for the more conventional but equally popular method of using a broker. We have a detailed article for you on the best Bitcoin brokers if you are interested in learning more.

Compare Exchange Fees When Buying Crypto

Since the end goal of investing in cryptocurrencies is to earn returns, it’s understandable why the lowest net fee is a critical factor in your choice of platform. The fee structures of exchanges can vary a lot, with components such as deposit and withdrawal charges, network fees, trading fees, and interest fees (where margin trading is available). Plus, the trading fees can differ based on volume and whether you are a market maker or taker.

Here are some of the cheapest crypto exchanges and a comparison of their fees.

Consider Crypto Exchange Reputation and Security

The first step is to confirm the exchange has a strong reputation. Reputable exchanges will have a proper website along with a strong presence in social media, the crypto community, research and news reports, and so on. Be wary of exchanges that promise very high returns, pressure you to make large upfront investments, or send many unsolicited messages. Always rely on exchanges that have been around for a while and offer a proven track record.

Checking for security features is more objective. Look for cybersecurity features such as two-factor authentication (2FA), registry locks, cold wallets, biometric authentication, multi-signature vaults, end-to-end encryption, and anti-DDoS modules. You can usually find a description of an exchange’s security features on its site and also verify them through research reports. We also recommend exchanges covered by the Securities Investor Protection Corporation (SIPC) or any other cybercrime insurance.

What are the safest Bitcoin exchanges?

As an example, here’s a summary of the key security features employed by some of the safest Bitcoin exchanges:

Where Do You Plan to Store Crypto?

Unlike money in your bank account or conventional assets bought through a broker, safe storage of cryptocurrency is your responsibility. This requires considering factors like security, convenience, and monetary costs. Some exchanges allow transferring currency to third-party wallets, while others don’t. Some exchanges offer cold wallets (offline storage), while some have only hot wallets (online storage).

Storing on an exchange means ready availability of currency for trading. Since exchanges typically charge a fee for every transfer out of the system, storing on the exchange is also more cost-effective if you are a high-frequency trader or have a small amount of crypto to transfer.

At the same time, exchanges are more vulnerable to hacking. On rare occasions, you may get locked out and lose access to your coins with an exchange wallet. These issues are minimized with a cold storage wallet that gives you greater control and flexibility.

We recommend keeping a small amount of currency on the exchange you trade on while storing the bulk investment in a third-party crypto wallet where you have the custody of your assets. The safest place to keep a large amount of crypto is a cold wallet such as Ledger.

However, your decision depends on your specific needs. Some exchanges that offer strong built-in wallet facilities include Coinbase, Binance.US, Gemini, and Crypto.com.

Which Deposit and Withdrawal Methods Are Available?

All exchanges do not support the same methods for depositing and withdrawing fiat currency, so check if your preferred methods can be used. Wire transfer is the most common, but many top-rated exchanges also support payments through digital wallets (e.g., PayPal, Skrill) and debit and credit cards.

Note that many businesses now accept cryptocurrencies directly through crypto payment gateways (such as Coingate and Bitpay). So, you don’t always need to deal in fiat currency; it depends on how you want to spend Bitcoin.

Which Crypto Exchanges Are Available in Your Country?

Where you live could have a significant impact on which exchange you choose. Some platforms aren’t available in certain countries, some offer different services in different countries, and some may be accessible in countries where they aren’t licensed to operate. The safest option is to choose a platform that is regulated by a recognized authority in your country.

What are the best Bitcoin exchanges in the US?

The best exchanges for US customers are those that licensed in the states in which they operate and don’t offer any financial products that are illegal in the US. Some of the most popular options are detailed below.

eToro Disclaimer : This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

What are the best Bitcoin exchanges in Europe?

The best Bitcoin exchanges Europe has to offer are those that are licensed by reputable European regulators such as the FCA, BaFin and the AMF. Below are some of the best options.

eToro Disclaimer : This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Can You Buy Crypto on an Exchange Anonymously?

Due to concerns related to privacy or security, some crypto traders prefer to transact anonymously. In some cases, potential crypto investors just may not have the government-issued IDs required by most exchanges.

Best Crypto Exchanges Without Verification and Registration

You can choose to buy crypto without KYC or registration on certain platforms, but doing so has some obvious negatives, such as:

• The pool of trustworthy exchanges available to you will get much smaller.

• Even on exchanges that allow anonymous buying, you will often encounter limits on transaction value.

• Transaction risks go up with anonymity, as it becomes difficult to locate the party if there’s a breach of contract.

• Anonymous transactions encourage money laundering and ease of funding of other crimes, including terrorism.

You may still have valid reasons for purchasing Bitcoin anonymously, and here are some platforms where you can do it. Note that due to stringent crypto-trading regulations in the US, nearly all centralized exchanges require users to complete the KYC process. For this reason, it is best to use a decentralized exchange (DEX) like Uniswap, PancakeSwap, or any other DEX if you want to trade anonymously.

Other Things to Consider When Choosing a Bitcoin Exchange

Apart from the factors above, you must also take into account the following points in your selection process:

• Does the exchange have trading pairs available for the cryptocurrencies of your interest? The coins with a high market cap would be available on most exchanges, but fewer platforms support more exotic or lesser-traded coins. You might also want to see if the exchange allows investing in other crypto-related assets, such as derivatives and ETFs.

• How is the customer service provided by the exchange? Given the quick movements in the crypto market, you don’t want a support service that takes days to respond. Reviews from past and current customers are a great way to gather info in this regard.

• How substantial is the exchange’s order book volume? A high order book volume means more traders are active on the exchange. In turn, this offers you greater liquidity when you want to exit a cryptocurrency.

• How convenient is the exchange’s system for tax calculation? In the US, all gains realized on crypto assets are taxable. Thus, legally, you cannot avoid taxes, but you can simplify the tax filing process by using an exchange that offers free exports of all your trading data.

• Are there reward programs on the exchange? While this isn’t as critical a criterion as others, free money doesn’t hurt. Several exchanges offer referral bonuses or let you earn rewards for quizzes and other activities.

What Are the Other Platforms That I Can Use to Buy and Sell Cryptocurrency?

Apart from exchanges, you can use crypto brokers, Peer-to-peer marketplaces (P2P), and Contract for Differences (CFDs) trading platforms. Some alternative ways to buy cryptocurrency are:

Crypto ATMs:

• This method is great for buying coins anonymously since no ID verification is required. They work like regular ATMs but provide exchanges for cryptocurrencies instead.

P2P Platforms:

• These websites connect buyers and sellers. Sellers can posts ads for what their selling, their price, their order size limits, and their accepted payment methods. Buyers can then choose which ad suits them. P2P platforms tend to hold payments in escrow to provide some security. You shouldn’t release your payment from escrow until you receive your crypto, as these platforms can attract scam artists.

Brokers:

• Using a broker to invest in cryptocurrencies is an excellent method for beginners since they have simple steps for acquiring coins. Brokers often offer derivative products like CFDs, options, and futures. They are also more likely to provide leverage, enabling you to trade with more money than you actually have.

What Is the Difference Between Cryptocurrency Exchanges and Brokers?

For front-end users, the services offered by crypto brokers and exchanges have become more and more similar in recent years, and the two terms are often used interchangeably. But there is a difference in the way they operate.

Exchanges are platforms that facilitate connections between buyers and sellers. If you place a buy order, it will go into the exchange’s order book where it will be matched with a corresponding sell order. The exchange charges a transparent trading fee for this.

Brokers are middlemen who act as intermediaries between a trader and the market. There isn’t an order book for users to see as the broker takes their order to the market and fills it on their behalf, for which they charge a commission and/or a spread. The spread is the difference between the price a broker charges you for an asset and its price on the market.

Brokers are more likely to offer derivatives such as CFDs or futures contracts. These are instruments that enable you to speculate on the price of an asset without actually owning it. However, a number of crypto exchanges have now started offering derivatives, and there are also brokers that offer actual cryptocurrencies.

What Is a Centralized and Decentralized Exchange?

Centralized Exchange:

• Centralized exchanges (CEX) are owned by a singular entity that runs the platform. An authority regulates these platforms and issues a license to operate in specific jurisdictions. A centralized exchange works like a stock exchange, connecting investors to participate in various trading activities.

Decentralized Exchange:

• Decentralized exchanges (DEX) are polar opposites to centralized platforms since no corporation owns them. However, this means they cannot be regulated and rely on the community to ensure their trustworthiness. DEXs require you to connect your crypto wallet to the exchange for trading. Also, decentralized exchanges are built on the blockchain and operated by smart contracts.

Final Thoughts

There are a number of great cryptocurrency exchanges to choose from in 2024. Our top picks include Coinbase, eToro, and Kraken. However, it is a good idea to shop around to find a platform that meets your needs. 

Beginners should opt for an exchange that provides a simple interface, 24/7 customer support and a good range of educational resources. On the other hand, advanced traders may prefer to go with a platform that offers advanced charting tools, low trading fees and a wider selection of cryptocurrencies. 

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