Bitcoin btc
$ usd

11 Best Crypto Exchanges for Beginners

8 mins
Updated by Maria Petrova

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.

Want insights on exchanges from pro traders? Join BeInCrypto Trading Community on Telegram: ask BeInCrypto experts for advice, watch FREE Trading Basics course, discuss crypto projects and get the best offers and bonuses from our most loved crypto platforms! Join now

What are the best crypto exchanges for beginners?

YouHodler

Crypto exchange & lending platform
Availability
E.U.
Welcome Bonus
$25 bonus
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

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

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

eToro

Best for copy trading
Availability
U.S., E.U., 100+
Welcome Bonus
$10 sign up bonus for U.S. only
Cryptos
BTC, BCH, ETH, and 75+
Minimum fiat deposit
$10 U.S. and U.K.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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

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 an exchange that is right for you. Consider the following variables:

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

Crypto exchanges differ from traditional exchanges. Whereas market makers, clearing houses, brokers, etc., were all separated in traditional finance, in crypto, the roles coalesce. This allows exchanges to offer multiple unique products and makes the services that they offer highly competitive. It also means that your crypto trading experience is composable. As a result, you can have one exchange that you go to for specific features.

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 that has a vast collection of NFTs. Consider your priorities and choose accordingly.

What is the best crypto exchange for beginners?

The ‘best’ exchange 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?

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.

Sponsored
Sponsored