Where to Trade Cryptocurrencies
Our top picks for places to trade cryptocurrencies include Coinbase and Binance. Find out what other exchanges we suggest for trading Bitcoin and altcoins like Ethereum and Ripple.
Please note we include referral links below, in some cases we both get something when you sign up using the link, in other cases we just get a bonus. Feel free to use the links or not. We picked the following wallets and exchanges because they are the best… it just so happens that many of the best crypto products and platforms have referral programs. 😉
Get a Wallet
What you need to get started trading cryptocurrency: To trade cryptocurrency you’ll need an exchange and a wallet. All the exchanges below double as online wallets aside from Changelly, however you may want to consider other wallet solutions including an offline wallet for long term storage like TREZOR (referral link) or a desktop wallet like Atomic Wallet.
Coinbase. The top exchange for cryptocurrency in the US. They serve many other countries as well. Coinbase has a limited selection of “alts” (Bitcoin alternatives; i.e. altcoins), however they are a good starting point due to you being able to buy cryptocurrencies using a bank account. Sign up for Coinbase by clicking this Coinbase referral link and we both get $10 worth of Bitcoin when you spend $100.
Binance. Binance is probably the most popular global altcoin exchange due to their wide selection and low fees. You can not use dollars on Binance in most countries, instead you’ll use Bitcoin, Ethereum, or a stable coin like USDC to buy alts. If you sign up for Coinbase first you can buy Bitcoin, Ethereum, or USDC on Coinbase, send it to Binance, and then buy alts on Binance. You can also buy crypto with a credit card on Binance. Please use our Binance.com referral link to sign up.
KuCoin. KuCoin is a solid alternative to Binance for those who don’t want to or can’t deal with strict Know Your Customer Rules. KuCoin doesn’t have the volume Binance does, but on the plus side it doesn’t require you to fill out a bunch of information to get started (as long as you don’t do big withdrawals). With that covered, KuCoin is like Binance, you can’t use dollars, but you can use a credit card. Please use our KuCoin.com referral link to sign up.
Changelly. Changelly offers many of the same features of Binance or KuCoin, except you don’t bid on tokens, they just let you exchange tokens at the going rate. To use Changelly, you to already have a cryptocurrency wallet for the coin you want to trade. If you don’t want to have your coins on an exchange, but want to swap one token for another, try Changelly. One other bonus of Changelly is that if you only trade small amounts, you have no Know Your Customer (like Kucoin). Please use our Changelly.com referral link to sign up.
And many more. Kraken is a great Coinbase alternative and so are Gemini and Poloniex. Bittrex is a decent alternative to Coinbase AND Binance and Kucoin, although it does have low volume. Bitmex and Derbit are popular for skilled leverage traders who don’t live in the US. Bitfinex is a top exchange, and they are becoming more user friendly. Also, for international customers, there is Huobi, Upbit, YoBit, OKEx, HitBTC, and more. Then there are also DEXs like Kyber and Bancor. There are a spread of exchanges to try… but if you stick with the ones we link to on this page, you’ll greatly reduce your chances of something going wrong!
Exchanges to avoid. There are some exchanges that are accused of using wash trading to fake volume. This can make some shady exchanges look like top exchanges when sorted by volume. I can’t list every shady exchange here, but aside from a handful of exchanges, if I didn’t list it, and you didn’t take ample time to research it, you should proceed with caution.
Want to automate trading? There are a few choices for trading bots, but in my opinion CryptoHopper is the most user friendly. Even if you just use this to use the trailing stop feature, it can be worth it. Sign up for a free trial using our Cryptohopper.com referral link.
Please secure your accounts. It is vital to secure your accounts using a strong password and a two-factor authentication app. You can even kick things up by using offline hardware wallets, storing your pins, passwords, and seeds in offline or protected accounts, and using unique emails for all your products. Make sure to take some time to learn about security before going to heavy into cryptocurrency.
Please use our site as a resource. Our site is all about trying to help you understand the basics of cryptocurrency and cryptocurrency trading. Take some time to browse our site and learn before jumping head long into crypto. You can always save this page and come back to it later. Thanks!
To find out what other options you have when it comes to crypto trading check out a List of Cryptocurrency Exchanges For Beginners (when you go here, and when you start trading, you’ll realize that the above list is full of some of the highest quality choices in the crypto space). TIP: There are many products and services we didn’t include on this page that are worth learning about, for example Square, GBTC, Gemini, and Bittrex. Whatever choice you make, make sure to bookmark us for reference, and most of all enjoy trading, investing, developing, mining, or whatever you do in crypto! ?