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13 Best Crypto Exchanges for Beginners

11 mins
Updated by Maria Petrova
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The crypto market can be daunting for newbies. It is often assumed a lot of technical know-how is required. This often puts first-timers off the thought of investing. However, exchanges are getting wise to this — and some have features explicitly designed for beginners.

The best crypto exchanges for beginners focus on offering key features while making the trading process as streamlined as possible. We list ten such exchanges here, ranked according to various criteria.

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What are the best crypto exchanges for beginners?

Crypto traders and investors should select a crypto exchange that aligns with their unique needs, taking into account factors like crypto wallets and blockchain technology support. It’s beneficial to explore all available options to fully grasp each platform’s offerings regarding wallet compatibility and blockchain integration. With this in mind, here are some user-friendly crypto exchanges that are particularly suitable for novice cryptocurrency traders.

Coinbase

Crypto exchange & lending platform
Availability
US, UK, Europe, Australia, +100
Welcome Bonus
$3-$200 for the US only
Cryptos
10,000+ assets, including BTC, ETH, DOGE, XRP, and many more
Minimum fiat deposit
$2

YouHodler

Crypto exchange & lending platform
Availability
E.U.
Welcome Bonus
from $10 to $10,000
Cryptos
BTC, SOL, BNB, and 50+
Minimum fiat deposit
$100 to earn interest, otherwise $5

Kraken

Best user interface
Availability
U.S., E.U., & 100+ countries
Welcome Bonus
No bonus
Cryptos
BTC, ETH, LINK and 200+
Minimum fiat deposit
From $10

Paybis

Best for Easier Transactions
Availability
U.S., CA, DACH, Northern Europe, and more
Welcome Bonus
No fees for the first transaction
Cryptos
80+ most popular cryptocurrencies and stablecoins
Minimum fiat deposit
$5

Binance

Best for mobile app
Availability
U.S., E.U., 100+ countries
Welcome bonus
Up to $600
Cryptos
BTC, DOGE, ETH, and 350+
Minimum fiat deposit
No minimum deposit

Bybit

Best spot trading fees
Availability
100+ countries
Welcome Bonus
Up to $30,000
Cryptos
BTC, EOS, DOT, and 200+
Minimum fiat deposit
No minimum deposit

eToro

Best for copy trading
Availability
U.S., E.U., 100+
Welcome Bonus
No
Cryptos
BTC, BCH, ETH, and 75+
Minimum fiat deposit
$100 U.S. and $50 U.K.

Disclaimer

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. BeInNews Academy is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

AvaTrade

Best for diversified assets
Availability
E.U., Japan, and four other countries
Welcome Bonus
$40 welcome bonus
Cryptos
BTC, BCH, ETH, and 15+
Minimum fiat deposit
$100

MEXC

Best for margin trading
Availability
U.S., E.U., 170+ countries
Welcome Bonus
Up to $1,000 bonus and 30% off trading fees
Cryptos
BTC, ETH, BNB, and 300+
Minimum fiat deposit
No minimum depsoit

OKX

Best crypto ecosystem
Availability
E.U. and 100+ countries
Welcome Bonus
Up to $10,000
Cryptos
BTC, ETH, SHIB, and 300+
Minimum fiat deposit
No minimum deposit

Gate.io

Best for altcoins
Availability
U.S., E.U., and 100+ countries
Welcome Bonus
Up to $100
Cryptos
BTC, ETH, DOGE, and 1,400 +
Minimum fiat deposit
No minimum deposit

dYdX

Best decentralized exchange
Availability
100 + countries
Welcome Bonus
$25 deposit bonus
Cryptos
BTC, ETH, DOGE, and 30+
Minimum fiat deposit
No minimum deposit

Changelly

Best For Instant crypto swap fixed fee
Availability
100+ countries
Welcome bonus
No
Cryptos
AAVE, 1INCH, BADGER, and 500+
Minimum fiat deposit
No deposit needed

Connect self-custodial wallet ZenGo to dYdX via WalletConnect, invite friends and get $10 cashback!

  • Create a blockchain ZenGo wallet using THIS LINK
  • Go to Settings in your ZenGo wallet app and copy your personal promo code
  • Invite your friends using the promo code. Once your friend buys $500+ worth of crypto both of you will get $10 cashback.

How to choose an exchange

Some of the exchanges mentioned above may not be suitable for everyone. You need to choose a crypto exchange that is right for you. Consider the following variables:

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  • Research exchange reputation
  • Security (cold storage, two-factor authentication, account recovery)
  • Liquidity (healthy trading volume)
  • Exchange fees
  • Selection of products

Unlike traditional financial exchanges where roles like market makers, clearing houses, and brokers are separate, in the crypto community, these functions often merge, especially within the DeFi sector. This enables crypto exchanges to offer a diverse range of unique products, heightening their service competitiveness. Consequently, your crypto trading experience becomes more tailored, allowing you to select an exchange that best fits your specific needs.

Personal finance is, as the name implies — personal. If you are not a trader, you probably do not care about a 10x or 20x margin. If you like NFTs, you will want an exchange with a vast NFTs collection. Consider your priorities and choose accordingly.

What is the best crypto exchange for beginners?

The ‘best’ crypto trading platforms for beginners is subjective. However, there are objective ways to differentiate between offerings from big names. Order execution, liquidity, and a comprehensive product suite are all good measurements of an exceptional exchange.

A good exchange puts time into its customers. Good customer service and customer reviews are always healthy indicators of a well-run exchange. Nevertheless, only you can decide which is right for your personal needs.

Frequently asked questions

What is the easiest crypto platform to use?

Which cryptocurrency is best for beginners?

How can a beginner start trading cryptocurrency?

Which is the safest crypto exchange?

Which crypto exchange has the lowest fees?

How do I start day trading crypto?

What is the easiest way to start crypto?

Is it illegal to buy crypto in the USA?

What is the most used exchange in the USA?

Does Binance work in the USA?

What is the best crypto exchange to start with?

How do I choose a good crypto exchange?

What is the best exchange to day trade on?

Top crypto platforms in the US | March 2024
Disclaimer


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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...
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