With new platforms popping up left and right, it’s crucial to find reliable, secure, and user-friendly exchanges that align with your specific trading needs. That’s why we’ve done the research for you, so you can spend less time searching and more time diving into the action.

But hold on, we’re not just here to throw a bunch of names at you and call it a day. In this blog, we have carefully evaluated each exchange based on factors like security measures, trading fees, liquidity, customer support, and overall user experience. 

So, whether you’re looking to buy your first Bitcoin, explore altcoins, or engage in advanced trading strategies, our curated list of the 7 best crypto exchanges for 2024 has got something for everyone. Let’s dig in!

 

What is a Crypto Exchange?

 

A crypto exchange is like an online store where you can buy, sell, and trade cryptocurrencies like Bitcoin or Ethereum. It’s a place where you can exchange your regular money, like dollars or euros, for these digital currencies.

When you use a crypto exchange, you create an account and deposit money into it. Then, you can use that money to buy cryptocurrencies or trade them with other people. The exchange helps match buyers and sellers so that they can make transactions.

Crypto exchanges also provide tools along with the help of crypto trading signals to understand what’s happening in the market. They will show you things like price charts and order books, which help you decide when to buy or sell.

 

What to Look for when Choosing the Best Crypto Exchange

 

When choosing a crypto exchange, here are some important things to keep in mind:

• Security: Make sure the exchange takes strong measures to protect your money and personal information. Look for features like two-factor authentication and cold storage for cryptocurrencies.
• Reputation: Check the exchange’s reputation and reviews from other users. Stick with well-known and trusted exchanges to reduce risks.
• Supported Cryptocurrencies: See if the exchange offers the cryptocurrencies you want to buy or trade. Make sure they have the specific coins or tokens you’re interested in.
• User-Friendly Interface: Look for an exchange with an easy-to-use website or app. A simple and intuitive interface makes it easier to navigate and trade.
• Fees: Compare the fees charged by different exchanges. Look for transparent information on trading fees, deposit fees, and withdrawal fees. Consider the overall value and features offered, not just the lowest fees.
• Liquidity: Check the exchange’s liquidity, which means how easy it is to buy or sell cryptocurrencies. Higher liquidity means faster and smoother transactions.
• Customer Support: Make sure the exchange has good customer support that can help you if you have any issues or questions. Look for exchanges with multiple support channels like live chat or email.
• Regulatory Compliance: Make sure the exchange follows the regulations in your country. This helps ensure the exchange is legitimate and provides added protection.

Lastly, consider any extra features the exchange offers. This could include things like mobile apps, educational resources, or integrated wallets. These features can enhance your experience.

 

7 Best Crypto Exchanges this 2024

Now, let’s dive straight into the action and spill the best crypto exchange this 2024.

 

1. Bybit

Bybit is definitely one of the best crypto exchanges out there. What makes Bybit special is that it provides various trading options to suit different needs. One of the options is spot trading, where you can buy and sell cryptocurrencies at the current market price. Another feature is called Convert, where you can easily convert between different cryptocurrencies without any fees or unexpected price changes.

For those seeking to boost their returns, Bybit offers margin trading. You can borrow funds to increase your returns. Just remember there are additional risks involved, so be cautious.

Bybit also introduces ETP (Leveraged Tokens), which simplifies derivatives trading. It allows you to profit from market movements without the complexities, which makes it great for beginners. To make trading easier, Bybit provides Trading Bot. It includes helpful tools and features to facilitate a smoother trading experience.

For larger orders or instant settlement, it also offers OTC (Over-The-Counter) trading so you can get competitive prices and instant settlement Additionally, Bybit introduces features like Spot XNEW, ByStarter, Launchpad, ByVotes, and Token Splash, which offer opportunities to participate in various projects and events all within the Bybit ecosystem.

 

Services Offered:

• One-Click Buy
• P2P Trading (0 Fees)
• VIP Program
• Referral Program
• Institutional Services
• Listing Application
• Tax API
• Audit

 

Pros:

• User-friendly platform
• Convenient deposit and withdrawal options
• Diverse trading features with an “Earn” section
• Strong customer support
• By bit supports a wide range of crypto pairs

 

Cons:

• Issues with P2P trading

 

2. MEXC

Claiming our next spot is MEXC. This crypto exchange was created in 2018 that uses advanced technology for quick and secure transactions. Their team is made up of finance and blockchain experts and serves over 10 million users in 170+ countries. T

In 2019, it grew rapidly, capturing 5% of the global digital asset trading market in just a year. At the 2021 Crypto Expo Dubai, they got the “Best Crypto Exchange Asia” award, showing how good they are.

What makes them stand out is their high-tech system that boosts security and keeps the platform steady, even during busy trading times. MEXC is also fast. Their technology can handle 1.4 million transactions per second, making sure trades happen quickly and smoothly. 

They support many languages worldwide, letting traders from different countries use the platform in their own language. This makes it more welcoming for traders around the world. Lastly, MEXC supports a variety of cryptocurrencies. Traders can use different pairs and popular ones like Bitcoin, Ethereum, Tether, and USD Coin.

 

Services Offered:

• Debit/Credit Card – Buy Crypto via Card
• Global Bank Transfer- Buy/Sell via SEPA
• Quick Buy/Sell- Fast and secure digital asset transactions
• P2P Trading- Bank transfer and more options
• MEXC MasterCard- Supporting global consumption

 

Pros:

• Fast and reliable transactions
• Responsive customer support
• Accurate transaction handling
• Profitable investments

 

Cons:

• Others reported account suspension without explanation
• Issues with profit holding and withdrawal 

3. Binance

Ofcourse, this list would not be complete without Binance, one of the largest and most well-known cryptocurrency exchanges in the world. It was founded in 2017 by Changpeng Zhao (CZ) and has quickly grown to become a leading platform for trading various cryptocurrencies.

With Binance crypto signals, users can access a wide range of digital assets, including popular ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many others. It is also known for its high liquidity, meaning there is a large volume of trading activity on the platform. This is beneficial for traders as it typically results in better price execution. The platform also has strong security features like two-factor authentication (2FA), cold storage and regular security audits.

You can choose between Basic and Advanced trading views depending on the level of complexity you want. Additionally, Binance offers a mobile app for on-the-go trading.

Lastly, Binance has  fiat-to-crypto trading pairs, allowing users to buy cryptocurrencies directly with traditional fiat currencies. This makes it accessible for those who are new to the cryptocurrency space.

 

Services Offered:

• Spot- Buy and sell on the Spot market with advanced tools
• Margin- Increase your profits with leverage
• P2P-Buy & sell cryptocurrencies using bank transfer and 800+ options
• Convert & Block Trade- The easiest way to trade at all sizes
• Trading Bots-Trade smarter with our various automated strategies – easy, fast and reliable
• Copy Trading- Follow the most popular traders
• APIs- Unlimited opportunities with one key

 

Pros:

• Has native utility token called Binance Coin (BNB)
• Solid global presence
• Reliable crypto platform
• User-Friendly and convenient

 

Cons:

• High transfer fee
• Communication problems with support

 

4. Kucoin

KuCoin is a cryptocurrency exchange created by two early supporters of blockchain technology. They use advanced technology to make it easier for people to join the blockchain revolution. Their goal is to create a community where everyone feels included and can benefit from all the growth happening in the crypto world. No wonder why they are one of best crypto exchanges out there. Their special currency, KuCoin Token (KCS), helps users get in on the decentralized action together. 

When it comes to security, KuCoin takes it seriously. They’ve got top-notch encryption and storage systems to keep your assets locked up tight. Plus, they’re always on the lookout for any shady cyber attacks. 

And here’s one of the best part: they use this thing called Proof of Reserves (PoR) to show you that they’ve got enough financial support to cover all your assets. No funny business here!

 

Services Offered:

• Spot Trading
• Margin Trading
• Convert
• Futures Trading
• KuCoin Earn
• Crypto Lending
• Trading Bot
• Converter
• Halo Wallet
• KuCoin Learn

 

Pros:

• 24/7 customer service
• Fantastic crypto lending APRs
• Smooth withdrawals of huge amounts
• Great wealth system

 

Cons:

• Issues with locked accounts
• Poor customer support

 

5. Bingx

Bingx has been around since 2018 and has over 10 million users worldwide. That’s a lot of people trusting them with their crypto! They have services no matter what level of experience you have. Whether you’re a newbie or a pro, they offer a bunch of different products and services to meet your needs. They’ve got spot trading, derivatives, copy trading, and even asset management.

One thing that sets BingX apart is its commitment to providing a trustworthy platform. They’re a global financial institution with branch offices with branch offices in Asia, Oceania, Europe, and South America. They also have a grid trading feature where you can create your own personal trading strategy and make money 24/7.

When it comes to security, they’ve partnered with the best cybersecurity organizations like Mazars, along with PoR certification and reports. With over 700 coins available for you to trade, buying and selling has never been this easy. Especially with automatic calculations of your average cost and profit/loss. No more headaches trying to figure it out yourself.

 

Services Offered:

• Quick Buy- Fast and accessible transactions
• P2P Trading- Myriads of merchants with better price
• Bank Deposit-Deposit via bank transfer or online payments
• Spot- Trade hot assets in minutes
• Convert-The easiest way to trade
• Copy Trading- Copy the strategies of elite traders
• Leaderboard- Tap into the wisdom of global elites for max. profits
• Elite Traders Recruitment- Join the largest crypto trading community

 

Pros:

• Fast listing of new coins
• Excellent for futures trading
• Easy to use and reliable

 

Cons:

• Difficulties with account access and support
• Account restrictions 
• Issues with unexpected charges

 

6. Bitget

Bitget is a top-tier crypto exchange supported by renowned brand ambassador Lionel Messi. With a team of early adopters who believe in the future of blockchain technology, security is a top priority at Bitget.

Their Proof of Reserves system guarantees a minimum reserve ratio of 1:1 for customer funds. Most digital assets are stored in offline, multi-signature wallets, known as cold storage, which adds an extra layer of protection against potential threats. Additionally, Bitget has a 300 million USDT protection fund, further enhancing the security measures in place.

As the largest crypto copy trading platform, they have amassed a community of over 20 million registered users worldwide. With a daily trading volume of 10 billion USDT, Bitget offers a comprehensive, one-stop solution for crypto investments.

Sign up here to claim a welcome pack of 1000 USDT!

 

Products and Services Offered:

 

• • Pay with USD- Buy crypto via VISA or Mastercard
  • P2P trading- Buy crypto from verified merchants
  • Quick buy– Buy with card, e-wallet and third-party
  • Third-party- Buy crypto through Simplex, Banxa, or Mercuryo
  • Opportunities- Timely seize new market opportunities
  • Markets- View the latest crypto prices and volume
  • Data- Access halving info and trading data
  • Spot-Buy and sell crypto with ease
  • Futures- Power up trades with liquidity
  • Margin- Trade with leverage
  • Convert- Zero fees, no slippage
  • APIs- Take your trading to the next level

• Bitget Swap
• Earn products

 

Pros:

• Positive user experience
• Profitable Copy Trading
• Transparent
• Active community and customer support

 

Cons:

• Refund issues
• Scam allegations

 

7. OKX

OKX is not your average crypto exchange—it’s a game-changer! Making them a wrap up of our best crypto exchanges. With hundreds of tokens and trading pairs available, you’ll have a wide range of options to explore whether you’re into spot, margin, or derivatives markets.

And hey, they’re not just about trading—their platform lets you manage your DeFi portfolio and get in on the NFT action through their NFT Marketplace.  But that’s not all. No matter if you’re a newbie or a seasoned pro, their team is always available to guide you. 

For those who like to go beyond the usual, they have powerful trading tools, like trading bots and copy trading to take your strategies to the next level. They even connect you to the famous TradingView Platform, so you can trade crypto like a boss with their supercharged charts.

 

Products and Services Offered:

• • Convert- Quick conversion, zero fees, no slippage
  • Spot- Buy and sell crypto with ease
  • Futures- Trade perpetual and expiry futures with leverage
  • Margin-Borrow and trade to maximize your profits
  • Trading bots- Multiple strategies to help you trade with ease
  • Copy trading-Reap high returns with a community of top traders
  • Liquid Marketplace- Find a wide range of trading opportunities with plenty of liquidity.

• Earn and Loan

 

Pros:

• Smooth and efficient payments
• User-friendly interface
• Responsive customer support
• Educational resources

 

Cons:

• Account locking and difficulty withdrawing funds
• Some allegations of fraud

 

Wrapping Up

Choosing the best crypto exchanges for your trading needs in 2024 is crucial. In this blog, we took a closer look at the 7 a popular crypto exchange based on user feedback and experiences.

When selecting a crypto exchange, always make sure to consider factors like security, transparency, customer support, and regulatory compliance. Keep in mind that the best crypto exchange for you in 2024 will depend on your specific needs and risk tolerance. It’s advisable to explore multiple exchanges, compare their features, and carefully evaluate their pros and cons before making a choice.

Remember, investing in cryptocurrencies carries risks, so it’s always wise to exercise caution!