Best Crypto Exchanges and Apps for Beginners in 2024: Where to Start

1. Visit the MEXC website or download the app using this link.
2. Click ‘Sign Up’ and register an account using your email or mobile phone number, verifying it via the code sent to your inbox or via SMS.
3. You can complete KYC verification in the Identification tab to increase your withdrawal limits.

Established in 2018, MEXC has earned a strong reputation for its high-performance platform, serving over 10 million users across 170 countries worldwide. With up to 200x leverage, low fees, and support for more than 3,100 trading pairs, it is an excellent choice for trading on small price movements and exploring new altcoins.

We included MEXC in our list of the best crypto exchanges due to its high liquidity on new trading pairs. Despite its relatively low user rating, MEXC is a convenient platform for cryptocurrency trading. Additionally, the exchange offers a variety of promotional campaigns and airdrops for both new and existing users to help them build their initial capital

1. Visit the BYDFi website or download the app using this link.
2. Sign up using email or mobile phone number.
3. To increase withdrawal limits, complete KYC verification in the Account & Security settings by clicking on your account icon in the top right corner.

Established in 2020, BYDFi (short for BUIDL Your Dream Finance) is dedicated to delivering an innovative trading platform and promoting the adoption and popularization of blockchain technologies. BYDFi futures are also well-suited for professional traders engaged in short-term trades, as the exchange supports leverage up to 200x and offers a fast, efficient trading terminal. Furthermore, you can explore the new section of the website called the Reward Center, where various tasks are available to help you familiarize yourself with the exchange’s interface, and rewards are given for completing them.

We included BYDFi in our list of the best crypto exchanges because of its accessible educational materials for beginners, which help users learn futures trading in a smooth and efficient way. While it does not offer passive income tools such as staking, BYDFi regularly updates its platform, adding new features and running promotional campaigns for users. For instance, a new copy trading platform is set to launch in December 2024.

Founded in 2018 by Volodymyr Nosov in Ukraine, WhiteBIT has grown from a small ambitious startup into one of Europe’s largest cryptocurrency exchanges, with over 5.5 million users and a total trading volume exceeding $2 trillion. The platform offers more than 600 trading pairs, 300+ digital assets, and supports 9 fiat currencies. WhiteBIT is also an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor, and FACEIT. The company’s mission is to promote the mass adoption of blockchain technology worldwide.

We included WhiteBIT in our list of the best crypto exchanges due to its extensive range of cryptocurrency tools, making it a versatile choice for both beginners and experienced users. The platform offers not only spot, margin, and futures trading but also automated investing options and participation in launchpads, all conveniently available in one place. Its user-friendly terminal allows traders to choose between basic charts and advanced TradingView charts, depending on their needs and preferences.

1. Visit the WhiteBIT website or download the app using this link
2. Sign up using email and complete KYC verification.

1. Visit the Bybit website or download the app using this link.
2. Click ‘Sign Up’ and register an account using your email or mobile phone number, verifying it via the code sent to your inbox or via SMS.
3. Click on your account icon in the top right corner and go to the account page to complete KYC verification.

Founded in 2018 by Ben Zhou, Bybit has gradually and confidently progressed through various stages of development. By 2024, it became the second-largest cryptocurrency exchange in the world, surpassing 50 million users. Bybit offers a comprehensive ecosystem that unites a wide range of tools for traders, investors, and other crypto enthusiasts. Bybit’s interface is specifically designed to make the onboarding process into cryptocurrency virtually barrier-free for users. In addition to useful educational material, the exchange’s website and mobile app feature pop-up tips and detailed guides to assist users along the way.

We included Bybit in our list of the best crypto exchanges due to its high level of security and the large liquidity on its P2P platform, which makes it easy to deposit and withdraw funds. Although fees on Bybit can be a bit higher than on other exchanges, it offers a reliable trading environment where users’ funds are secure.

1. Visit the Coinbase website or download the app using this link.
2. Sign up using email and verify your phone number.
3. Then, complete KYC verification to unlock full access to your account.

Coinbase, founded in June 2012 by Brian Armstrong, has become one of the top three largest and most regulated US-based cryptocurrency exchanges, available in over 100 countries with quarterly trading volumes exceeding $185 billion. Coinbase is an excellent option for beginners due to its simple design, requiring minimal technical knowledge Thanks to a fast registration and account funding process, you can easily start buying cryptocurrency, even with a basic currency conversion. Additionally, Coinbase offers many highly liquid trading pairs and tools for automated trading.

We included Coinbase in our list of the best crypto exchanges because of its strong security and wide availability for users. While it offers a lower leverage of 5x, Coinbase can be an excellent choice for those looking to start practicing trading on futures.

1. Visit the BloFin website or download the app using this link.
2. Sign up using email or mobile phone number.
3. If you want to increase a withdrawal limit, click on your account icon in the top right corner and go to the Identification page for completing KYC verification.

Founded in 2019, BloFin is a trustworthy cryptocurrency exchange known for its strong fund security. Plus, you can use the exchange without KYC and select from a wide range of over 420 trading pairs, with a withdrawal limit of up to $20,000. Blofin provides a comprehensive set of practical security protocols, AI-driven algorithms, infrastructure, and analytical resources. The Blofin team consists of experienced entrepreneurs, leaders from conventional finance, seasoned traders, risk management specialists, and more.

We included BloFin in our list of the best crypto exchanges because it is committed to prioritizing user fund security and offers an accessible platform for futures copy trading especially for beginners. Even though BloFin’s fees may be higher than average, the exchange often provides trading fee discounts. BloFin has a robust copy trading platform with a one-click trading feature, allowing users to easily replicate the strategies of experienced traders.

1. Visit the Magrex website or download the app using this link. 
2. Sign up using email or mobile phone number.
3. Click on your account icon in the top right corner and complete KYC verification to secure your account.

Launched in 2019 by a team of experienced traders, Margex is a cryptocurrency exchange designed for all types of traders. One of the main features of Margex is the MP Shield system, which is based on AI technology and protects traders from price manipulation. It also monitors the consistency of price feeds from liquidity providers, ensuring fair and equal trading opportunities for all users. Now, Margex has over 500,000 registered users, with a trade capacity of 100,000 trades per second. The platform boasts an impressive order book depth exceeding $50 million and offers lightning-fast order execution times of less than 8 milliseconds.

We included Margex in our list of the best crypto exchanges because of its enhanced markets and trading instruments, offering various order types and leverage up to 100x. Despite the lack of full spot trading, other products on Margex remain well-developed and robust, including copy trading, staking, demo trading, and futures trading.

1. Visit the OKX website or download the app using. this link.
2. Select your country/region and complete registration using email or mobile phone number.
3. Sign up using your email, then verify a mobile phone number.
4. Click on your account icon in the top right corner and complete KYC verification.

Launched in 2017 by Star Xu, OKX has grown into a massive ecosystem, offering a wide range of products in both the centralized exchange (CEX) and decentralized finance (DeFi) sectors, confidently securing its position among the top 5 exchanges globally. OKX offers various earn programs for passive income, along with its own launchpad platform, JumpStart, which allows users to receive allocations of new popular tokens through short-term liquidity locking. Especially for crypto beginners, OKX has the most comprehensive demo trading platform. On it, you can practice trading without any costs across nearly all tools: trading bots, futures, spot, copy trading, and pre-market.

We included OKX in our list of the best crypto exchanges because it is a secure and reliable platform with a solid selection of investment products. One standout offering is Seagull, a trend-based investment product that lets users profit from market trends with strategies like Bullish Seagull (for upward trends) and Bearish Seagull (for downward trends), using BTC, ETH, or USDT for flexible returns.

1. Visit the Bitget website or download the app using this link.
2. Sign up using email or mobile phone number.
3. Complete Level 1 identity verification in the account settings to unlock account perks.

Launched in 2018 during a bear market, Bitget now handles a daily average trading volume of over $10 billion and serves more than 45 million registered users. Bitget provides a beginner-friendly experience with comprehensive tutorials, blogs, and webinars to simplify trading. It features a built-in wallet, with a crypto card in development for added convenience. The platform ensures 24/7 live chat support, upholds strict regulatory standards, and fosters an active community to assist users of all levels.

We included Bitget in our list of the best crypto exchanges for its variety of trading tools and, most importantly, its extensive copy trading platform, which allows users to replicate strategies across spot, futures, and even trading bots. Although its fees are slightly higher than others, Bitget stands out with features like its own wallet and Web3 platform. Additionally, Bitget offers one of the most robust Earn programs, allowing users to earn rewards and participate in launchpads.

1. Visit the BingX website or download the app using this link.
2. Sign up using email or mobile phone number.
3. Then, go to your profile and complete KYC verification to increase limits.

Founded in 2018, BingX is one of the top cryptocurrency exchanges, serving over 10 million users worldwide. It offers diverse services like spot trading, derivatives, copy trading, and asset management, catering to both beginners and professionals. To simplify the onboarding process for newcomers, BingX features a comprehensive educational platform, including its Academy and Glossary.

We included BingX in our list of the best crypto exchanges due to its efficient trading platform, which includes inverse futures. Additionally, BingX offers responsive customer support, adheres to strong compliance standards, and provides an active community that supports learning and growth—making it a dependable choice for new traders.

1. Visit the Binance website or download the app using this link.
2. Sign up via email/phone or Apple/Google account.
3. Click on your account icon in the top right corner and go to the account settings to complete KYC verification.

Founded in 2017 by Changpeng Zhao, Binance has grown to become the world’s leading cryptocurrency exchange, boasting the highest trading volume with a daily average of $65 billion. Binance upholds regulatory standards to ensure a trustworthy and secure trading environment for its users. With over 214 million users, the Binance ecosystem delivers high-quality products, allowing users to earn through staking plans, participate in diverse trading options with an advanced copy trading platform, and acquire new tokens through its launchpad.

We included Binance in our list of the best crypto exchanges due to its high-quality trading tools and highly liquid trading pairs, which allow spot and futures trading with minimal spreads and fees. In addition to these features, Binance provides users with the ability to engage in automated trading, offering some of the most advanced and comprehensive tools in the industry.