11 Best Crypto Exchanges for Beginners

YouHodler operates as a hybrid platform that combines a cryptocurrency exchange, a lending program, and crypto savings options with attractive yields. The platform facilitates loans in various major fiat currencies and cryptocurrencies, including stablecoins. Furthermore, it offers a crypto savings feature that allows users to earn up to 10.3% annual interest on their crypto savings accounts.

With the Dual Asset service, individuals can easily stake their crypto or stablecoins and enjoy high-interest rates. This comprehensive solution caters to users seeking to engage in liquidity pools and swap protocols without the complexities typically associated with advanced DeFi platforms.

YouHodler’s deposit fees vary depending on the payment method. For fiat deposits, there is no fee except for USD SWIFT deposits which incur a $25 fee, and GBP deposits which have a £20 fee. The minimum deposit amounts for bank wire transfers are £300 for GBP and $100 for USD/EUR/CHF. Bank wire processing times range from 2 to 5 business days.

When it comes to depositing via bank cards or AdvCash wallets, there is a 1% fee for each transaction. If you choose to use a bank card via AdvCash, the fee increases to 4.5%. For crypto and stablecoin deposits, there are no fees, and the minimum deposit amount is $5 worth of crypto equivalent.

1) Sign up for YouHodler, using the link bellow

2) Deposit at least $100 to receive $10.

3) Make at least three trades.

4) Receive $25.

*Invite friends to multiply rewards, the incentive is available for Europe

As one of the best crypto exchanges for beginners, Kraken offers a huge variety of features. Kraken has two platforms: Kraken, its main trading platform, and Kraken Pro, its professional platform. The Pro dashboard provides highly customizable chart analysis tools and detailed insight into order books. It also offers 13 order types and high-speed execution.

With Kraken, you can buy, sell, trade futures, trade on margin, and trade NFTs. Kraken’s security features include fully encrypted sensitive data at rest and in transit, 2FA (Google Authenticator and Yubikey) to keep your account secure, and customizable API key permissions. The exchange also has committed to a public proof-of-reserves.

Kraken accepts mutiple payment methods. Some of these include bank transfer, crypto, Google and Apple Pay, and debit and credit cards.

Instant buy fees for spot trades on Kraken’s main platform can be quite high, up to 1.5%. However, Kraken Pro’s fees are very low. Kraken Pro has a tiered fee structure that allows high-volume traders to reduce trading fees. Kraken Pro’s taker and maker fees are 0.26% for traders who trade less than $50,000 per month. Taker fees and maker fees may drop to 0% for traders with rolling volumes exceeding $10 million, while taker fees could drop to 0.10%.

1. Sign up to Kraken using the link below & follow the instructions

2. Once entered all the data you will receive an activation email containing an activation key. Enter your activation key on the account activation form or alternatively complete activation by clicking the link in the email.

3. Confirm your password, complete the captcha if asked and click the Activate Account button.

Binance is one of the most popular platforms, and many consider it to be the best crypto exchange for beginners. The exchange has launched its own blockchain ecosystem and also offers lending and spot, futures and OTC trading, and an NFT market. For those who prefer to keep their private keys in control, it also offers a standalone crypto wallet called Trust Wallet.

The vast majority of user funds and assets are safely stored in cold storage facilities that are not connected to the internet. Binance accepts account funding in the form of bank transfers, credit card, and crypto.

They operate a tier-based maker/taker fee structure, which is correlated to the trading volume and BNB balance of your account. The trading fees vary between 0.00% and 0.01%. As always, higher trading volumes receive lower fees. Deposit fees for fiat via credit or debit card are 4.5% which is similar to what other platforms are offering.

1. Sign Up to Binance using the link below & follow the instruction.

2. Select Email or Phone Number and enter your email address/phone number. Then, create a secure password for your account.

3. You will receive a 6-digit verification code in your email or phone. Enter the code within 30 minutes and tap Submit.

Bybit offers quick and fast deposits and withdrawals, and the app is available for both Android and iOS devices. This is one of the best platforms to buy crypto for bitcoin traders interested in spot trading as well as futures. It can also process up to 100,000 trades per minute. The exchange has a suite of products that include: spot trading, margin trading, staking, cards, NFTs, etc.

Human-computer authentication, two-factor authentication, hardware authentication, and encrypted data transmission are among the platform’s security features. Bybit accepts cryptocurrency deposits, fiat currency — Credit/Debit Card Payment, fiat deposits, third-party payments, and peer-to-peer trading.

Market takers get charged 0.075%. Market makers are charged a 0.025% fee. This means that market makers will be paid for each order they add. This fee is very competitive and encourages market makers to be active in order to increase the order book. The withdrawal fee charged by the exchange is 0.0005 BTC. This is almost half of what industry-standard charges across the biggest crypto exchanges.

1. Sign up to ByBit using the link below & follow the instructions.

2. Drag the slider to complete the verification requirements.

3. Enter the verification code sent to your email inbox.

Changelly offers an intuitive interface and a seamless user experience. Notably, Changelly’s fiat-to-crypto marketplace allows users to buy crypto with fiat currencies. It accepts payment methods which include credit and debit cards and Apple Pay.

2FA (two-factor authentication), email confirmations for major account activities, and withdrawal whitelists are some of Changelly’s security features. Some of the exchange’s products include buying selling, trading, and even has a DeFi Swap.

The platform has fixed fees at 0.25% for crypto-to-crypto & 4% for fiat-to-crypto

1. Create an account or download mobile app using the link below.

2. Enter your data in the corresponding fields of this page.

3. Set up a strong password in the Password field.

4. Specify your country, your full name, and phone number.

5. Click the Finish registration button.

The registration is not needed for swaps under $150 via mobile app

While eToro isn’t a full-service cryptocurrency exchange, it is one of the best crypto trading apps, especially if you are a beginner. eToro is one of the best crypto trading apps if you are interested in stocks, ETFs, and cryptocurrency. Beginner traders might find it very easy to trade cryptocurrency by using the platform’s copy trading feature.

eToro accepts Visa, Mastercard, Maestro, bank account, PayPal, and wire transfer as payment methods. Client funds are kept secure in top-tier banks, and all personal information is protected by SSL encryption. For the protection of cryptoassets, eToro employs a multi-tiered approach that includes both hot storage (online wallets) and cold storage (offline wallets).

eToro charges a fee of 1% for the purchase or sale of crypto assets through its platforms. However, this is included in the spread, and traders will only see the buy and the sell price on the platform. There is no commission for stocks or ETF trades. The broker pays the regulatory transaction fees when you decide to sell a stock. There is also a $5 fee for withdrawals and a $10 monthly inactivity fee (applied after 12 months with no trading activity).

1. Sign up to eToro using the link below.

2. Enter all the personal data that is required to open a new trading account. Logging in via Facebook or Gmail are additional options.

3. Upon completing your review of all the terms, indicate your agreement with them by checking the appropriate box.

4. Submit your information by clicking the Sign-up button.

AvaTrade is more than a crypto trading app. Furthermore, it offers a wide range of financial instruments for traders. On AvaTrade, you can choose from over 1,000 assets in various asset classes, including FX, stocks, commodities, ETFs, bonds, and cryptocurrencies.

AvaTrade accepts a variety of deposit methods, including credit cards and wire transfers, for all global clients. The exchange also accepts deposits via e-payments such as Skrill, WebMoney, and Neteller, but only for E.U. and Australian clients.

AvaTrade provides numerous resources to assist investors. To maximize your trading potential, for example, you will have access to social trading, MT4 and MT5 trading platforms. AvaTrade also offers a free demo trading account that you can use to practice before investing real money.

Unlike other stock trading platforms, online brokers such as AvaTrade do not charge commissions per trade. The platform has a small spread, which is the difference between the buying and selling price of an asset. For instance, for the benchmark EUR/USD, AvaTrade’s spread is 0.91 pips.

1. Fill out the form

2. Enter your details & select the platform you wish to trade with.

3. Fund your account

4. Choose from a selection of convenient payment methods.

5. Start trading

6. Enter the platform and pick an asset to trade, choose BUY or SELL.

We consider MEXC to be the best crypto exchange for beginners who are looking for multiple services, such as spot and margin trading, ETFs, contract trading, and staking. Another great advantage represents the user-friendly interface of the mobile app, which is available for all devices.

On MEXC, you can purchase cryptocurrency using a credit card, global bank transfer (SWIFT), peer-to-peer trading, and third-party payment (Simplex, Banxa, Mercuryo), or trade between various cryptocurrencies across markets, including spot and derivatives such as futures, perpetual swaps, and options.

Traders will pay no deposit fee. The trading fee is only 0.2% of the transaction value. This trading fee can be reduced when traders also hold the MX token in their account. There is a withdrawal fee, as is the case with most crypto trading apps.

1. Sign Up to MEXC Global using the link below.

2. Click on “Sign Up” on the top right corner of the page.

3. There you will have an option to register with mobile phone number or email address. Choose the option which you prefer best.

4. Whichever options you select, make sure you have created a strong password,

5. Pass the verification captcha code by Email or Phone and you are in.

You can buy crypto with a card, bank account, or via the mobile wallet by opening an OKX account. You can also participate in saving and staking features, which offer exceptional yields. Although it isn’t the largest cryptocurrency exchange, it supports a wide variety of currencies and offers a wide range of services. OKX is a great option if you want to manage all your cryptocurrency activities with one login.

OKX accepts Visa, MasterCard, and ApplePay credit cards, as well as bank transfers and PayPal. Despite the fact that some payment methods are not available in all countries. It is best to confirm the information on the website. Some of OKX’s security features include 2FA, Google Authenticator, and mobile verification to name a few.

As with each cryptocurrency exchange, OKX charges a maker and trader trading fees, which depend on the tier of your account. For spot trades, these fees vary from 0.080% to 0.005% for makers and from 0.100% to 0.020% for takers.

1. Sign up to OKX using the link below & follow the instructions

2. Check your email for the six-digit registration verification code we automatically sent you.

3. You will have ten minutes to enter the verification code into the Enter code field. When you’ve done so, click Next to continue.

4. You can now access your OKX account dashboard.

Gate.io is considered one of the best crypto exchanges for beginners due to its extensive crypto pairs. It has over 1,400 cryptocurrency markets. However, it does not accept fiat. Some of the security measures in place at the exchange include 2FA, SSL encryption, cold storage, and anti-phishing protocols. Trading bots, margin trading, copy trading, NFTs, and other products are available from Gate.io.

The platform charges 0.2% for a trade. Crypto and especially bitcoin traders should also be aware of the withdrawal fees. Gate.io charges different fees depending on the coin or token you want to withdraw. For instance, for BTC withdrawals, the platforms charge 0.001 BTC.

1. Sign up to Gate.io using the link below & follow the instructions

2. A verification code will be sent to your phone via SMS. Please input the 6-digit code and click Confirm to complete registration.

dYdX is a well-known decentralized exchange that currently allows for perpetual trading. It is based on smart contracts on the Ethereum blockchain and allows users to trade without the use of an intermediary. dYdX is a limited trading platform, but it is one of the most advanced as a completely open, trustless, and non-custodial financial protocol.

Based on StarkWare’s StarkEx scalability engine and dYdX’s perpetual smart contracts, dYdX and StarkWare have developed a layer-2 protocol for cross-margined perpetuals to significantly scale trading. Gas prices will be significantly lower, which will result in significantly lower trading fees and minimum trade sizes for traders. Gas usage per trade is decreased because trades are batched off-chain in ZK-Rollups and validity proofs are submitted on-chain.

Free trading for everyone, up to $100,000 every month

1. Connect your wallet to dYdX using the link below.

3. Go to the dYdX app.

4. Sign up for Perepetual account.

5. Follow instructions.