Best Crypto Exchanges for Buying and Trading Digital Assets
Written by
Kathy Evans
Edited by
Joe Evans
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Crypto exchanges are the gateways to the digital asset market. They let users buy, sell and hold cryptocurrencies, convert between tokens and, in some cases, earn yield or trade derivatives. The best crypto exchanges balance security, liquidity, transparent pricing and regulatory compliance while offering tools that match different experience levels.
Because exchanges vary widely in custody practices, fees and supported assets, choosing the right platform matters just as much as choosing which cryptocurrency to buy.
At a Glance: Best Crypto Exchanges
Exchange Supported Assets Best For Risk Profile/Use Case One-Line Reason It Stands Out Coinbase 200+ Beginners Lower complexity User-friendly with strong compliance Kraken 200+ Security-focused users Medium Emphasis on custody and transparency Binance.US 100+ Active traders Medium to high Competitive fees and liquidity Gemini 100+ Compliance-minded users Medium Regulated-first approach Crypto.com 250+ Mobile-first users Medium to high App-based ecosystem Bitstamp 80+ Long-term investors Medium One of the longest-running exchanges Asset counts and features are based on current exchange disclosures.
Why Choosing the Right Crypto Exchange Matters
Crypto exchanges differ from traditional brokerages in how assets are held and protected. According to the U.S. Securities and Exchange Commission, digital asset platforms may not provide the same protections as registered securities brokers.
Security practices, regulatory oversight and operational transparency play a major role in reducing counterparty risk.
What Is a Crypto Exchange?
A crypto exchange is an online platform that facilitates buying and selling cryptocurrencies. Some exchanges act as custodians, holding assets on behalf of users, while others allow transfers to external wallets.
The Commodity Futures Trading Commission notes that many crypto assets fall outside traditional securities regulation, increasing the importance of due diligence when selecting a platform.
Best Crypto Exchanges To Consider
Coinbase
Coinbase is one of the most widely used crypto exchanges in the U.S. According to company filings, it emphasizes regulatory compliance, transparency and ease of use. Fees are higher than some competitors’, but the interface is beginner-friendly.
Kraken
Kraken is known for its security-first reputation and broad asset support. The exchange reports using proof-of-reserves audits to demonstrate custody practices. Advanced tools appeal to experienced traders.
Binance.US
Binance.US offers a U.S.-based platform with competitive trading fees and high liquidity. According to company disclosures, supported assets and services differ from the global Binance platform. Regulatory developments can affect availability.
Gemini
Gemini positions itself as a compliance-focused exchange regulated under New York law. The company highlights custody and security certifications. Asset selection is more conservative than some peers.
Crypto.com
Crypto.com offers a mobile-first trading experience with a broad range of tokens and services. According to company disclosures, features include trading, custody and rewards programs. Complexity may be higher for new users.
Bitstamp
Bitstamp is one of the longest-operating crypto exchanges. The company emphasizes operational history, regulatory registrations and straightforward trading. Asset selection is more limited but focused on major cryptocurrencies.
Crypto Exchanges vs. Crypto Brokers
| Feature | Crypto Exchanges | Crypto Brokers |
|---|---|---|
| Pricing | Market-based | Spread-based |
| Control | More trading tools | Simpler execution |
| Fees | Transparent | Often embedded |
| Asset Custody | Exchange-held | Broker-held |
| Complexity | Higher | Lower |
The Financial Industry Regulatory Authority notes that understanding how fees are charged is essential when trading digital assets.
Fees To Watch For
Crypto exchange fees can include:
- Trading fees (maker/taker)
- Withdrawal fees
- Spread costs
- Network fees
According to the SEC, unclear fee structures can significantly affect returns over time.
Risks of Using Crypto Exchanges
Crypto exchanges carry unique risks, including hacking, insolvency and regulatory changes. The Federal Reserve has highlighted operational and custody risks in digital asset markets.
Using hardware wallets and avoiding long-term storage on exchanges can reduce exposure.
How Crypto Exchanges Fit Into an Investment Strategy
Many investors use exchanges as transaction hubs, moving assets to personal wallets for long-term holding. Others actively trade within exchanges, accepting higher risk for liquidity and access.
The CFTC advises investors to understand custody, leverage and platform rules before trading.
Final Take to GO
The best crypto exchange depends on your experience level and priorities.
Coinbase and Gemini appeal to beginners and compliance-focused users, while Kraken and Binance.US offer deeper tools and lower fees for active traders. No exchange is risk-free, so security practices and asset custody decisions should factor heavily into your choice.
Best Crypto Exchanges FAQ
- What is the best crypto exchange?
- The best crypto exchange depends on experience level, fees, security and supported assets.
- Are crypto exchanges safe?
- They can be, but safety varies by platform and custody practices.
- Do crypto exchanges charge fees?
- Yes, most charge trading, withdrawal or network-related fees.
- Can I store crypto on an exchange?
- Yes, but long-term storage on personal wallets may reduce risk.
- Are crypto exchanges regulated?
- Regulation varies by country and platform, with limited protections compared to traditional brokerages.
Cynthia Measom and Daria Uhlig contributed to the reporting for this article.
Information is accurate as of Jan. 30, 2026.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
- U.S. FDIC "Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping"
- SEC Investor.gov "Understanding Fees"
- FINRA "Crypto Assets - Risks"
- U.S. SEC "Statement on Tokenized Securities"
- SEC Investor.gov "Crypto Asset Custody Basics for Retail Investors – Investor Bulletin"
- Coinbase "Security and Compliance"
- Kraken "Security Practices"
- Binance.US "Legal and Compliance"
- Gemini "Trust and Security"
- Crypto.com "Security"
- Bitstamp "Regulation and Security"
