See More

10 Best Crypto Exchange Reviews for June 2024

13 mins
Updated by Maria Petrova
Join our Trading Community on Telegram

If you’re looking for crypto exchange reviews, we have you covered. BeInCrypto has been testing and writing about cryptocurrencies and their associated platforms for many years, making our expert team well placed to help you find platforms that meet your needs. In this guide, we’ll dive into our reviews of top exchanges, focusing on key aspects of each review such as security, trading fees, and regulatory compliance.

Methodology

10 best crypto exchange reviews

Fees
0-3.99%
Available crypto
245+
Availability (GEOs)
U.S. & 100+ countries
Fees
0-4.5%
Available crypto
55+
Availability (GEOs)
U.S. & 100+ countries
Fees
0-0.32%

Available crypto
330+
Availability (GEOs)
E.U. & 100+ countries
Fees
0.25 -1.60%
Available crypto
250+
Availability (GEOs)
U.S. & 100+ countries
Fees
0.10-0.30%


Available crypto
280+
Availability (GEOs)
U.S. & 180+ countries


Fees
0-4.5%
Available crypto
400+
Availability (GEOs)
E.U. & 100+ countries
Fees
0-0.10%

Available crypto
610+
Availability (GEOs)
U.K. & 180+ countries

Fees
0-2%

Available crypto
240+
Availability (GEOs)
U.S. & 130+ countries

Fees
1%

Available crypto
1000+
Availability (GEOs)
U.S. & 150+ countries


Fees
0-0.10%

Available crypto
2,200+
Availability (GEOs)
U.K. & 170+ countries


How to safely use crypto exchanges

Here are five steps to go through to ensure that you’re using the crypto exchanges safely. 

Step 1: Choose a reputable platform

Start by selecting exchanges with a strong reputation for security features and customer service. Look for those with positive crypto exchange reviews and a good security history. Pay attention to the user reviews, and always check the one-star reviews, as they might reveal if a platform is seriously flawed. 

Step 2: Use a strong password for your account

Unizen hack, Unizen exploit, $2M Unizen hack

Create a unique and strong password for your exchange account. Avoid using simple or repeated passwords that you use on other sites. Always activate 2FA. Nowadays, most crypto exchanges ask you to turn on 2FA before depositing funds, which is a key safety measure. 2FA adds an extra layer of security by requiring not only your password but also a code from your phone to access your account.

Step 3: Stay alert for phishing attempts

Be cautious of emails or messages that ask for your account details. It’s not uncommon to receive emails imitating big crypto platforms asking you to sign in through the link provided in that email to take some immediate action. Most of the time, that’s a phishing attempt, and it’s not a real email. Always verify the authenticity of any communication by contacting the exchange directly through official channels.

Always ensure you are signing into the real platform, and check for the correct domain address in your browser. For mobile apps, make sure all your crypto exchange apps are up-to-date to protect against vulnerabilities. It’s also important to use a safe internet connection. Avoid using public Wi-Fi when trading. Instead, use a secure, private internet connection or a reliable VPN.

Step 4: Use a cold storage wallet for crypto storage

For added security, consider moving your cryptocurrencies into a hardware wallet like Ledger or Trezor. This is one of the safest ways to protect your crypto funds, regardless of the platform you’re using for buying or trading crypto. These devices store your private keys offline, making them inaccessible to online hackers. So, as long as you don’t hand them your keys, they can’t access it. 

How do I choose the best crypto exchange for beginners?

Several key aspects must be considered when selecting a cryptocurrency exchange platform for beginners to ensure a safe and user-friendly experience.

  • User interface: Choose a platform with a straightforward user interface that’s easy to navigate, which is especially important for beginners. Additionally, check for the mobile app availability, which adds convenience to trading and managing your portfolio on the go.
  • Security features: Ensure the platform has robust security measures, such as two-factor authentication (2FA), encryption methods, and secure storage options, to protect your assets. Also, always pay attention to the exchange’s KYC procedures to ensure you’ve secured your account. 
  • Trading volume: Look at the trading volume. High volume can indicate a trusted platform with good liquidity, making it easier to buy and sell without affecting the price too much.
  • User reviews: Check crypto exchange reviews and user feedback to gauge the platform’s reliability, ease of use, and overall user satisfaction.
  • Fiat compatibility: For beginners, it’s useful if the exchange allows you to buy cryptocurrency with fiat money (like USD or EUR) directly, simplifying the process.
  • Withdrawal limits and trading fees: Understand the withdrawal limits and how they may affect the amount of money you can transfer from your account. Also, compare the trading fees to ensure you are getting a fair rate.
  • Regulatory compliance and KYC procedures: Opt for exchanges that comply with regulations, as this can offer an added layer of security. Such platforms will likely require you to complete Know Your Customer (KYC) procedures to verify your identity, enhancing security.
  • Customer support: Effective customer support is crucial, particularly for those new to trading. Ensure the exchange offers comprehensive support through various email, chat, or phone channels.

Which crypto exchange is best?

Choosing the best crypto exchange depends more on your needs than the platform itself. When selecting a platform, consider several aspects. Read crypto exchange reviews and seeing how the experiences of others align with your expectations. Check to see whether reviews are sponsored or organic, as sponsored reviews may overlook negatives and focus on the more appealing aspects of a platform or exchange. Consider your trading goals and experience, the trading volume and liquidity on the exchange, fees such as deposit, withdrawal, and trading fees, and the security features offered.

Additionally, check the availability of the exchange for your geographic location and the quality of customer support, whether through calls or chat, and whether it is available 24/7 or limited to a working schedule. Considering these factors can help ensure that the exchange you choose meets your requirements and supports your trading strategies. 

Frequently asked questions

Top crypto projects in the US | June 2024

Trusted

Disclaimer

In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Iulia_Vasile_vertical.png
Iulia Vasile
Iulia Vasile is a seasoned professional in the cryptocurrency and blockchain industry, working full-time in the field since 2017. With a background in computer engineering, she has the unique ability to write about complicated topics, including DeFi, NFTs, trading, and AI, in a way that is easy to understand. Iulia learned multiple programming languages while completing her Software Engineering degree in Bucharest at Politehnica University. Iulia brings her expertise and personal...
READ FULL BIO
Sponsored
Sponsored