If you want to trade with peace of mind, learn about the safest, most secure crypto exchanges.Read more
Sadly, there are enough fake BTC trading platforms to cause concern. Scam sites use many tricks to lure you in.
They might pretend that a celebrity endorses them, for example. Or else they promise incredible returns.
Once you register and deposit money, it’s already too late. When you attempt to withdraw money, you find it is impossible. With no central authority to complain to, you lose your money.
This article lifts the lid on scam cryptocurrency exchanges. It provides the red flags you must look for when you consider a site.
Perhaps most importantly, it outlines Bitcoin exchanges you can trust.
Key Takeaways
Before you proceed, please remember that nothing you read on this page should be taken as financial advice. Losing most or all of your money on a legit crypto exchange is possible. This is why it’s always important to tread with caution and seek professional financial advice.
Price changes are unpredictable and can affect your savings if you invest at the wrong time. CCN takes no responsibility for any losses you incur when you use a cryptocurrency exchange.Read less
Below are the best secure Bitcoin and crypto exchanges you’re likely to find.
Don’t register with any site until you read the short reviews of each of the safest Bitcoin and crypto exchanges listed on this page.
Launched in 2007 as a social trading platform, eToro is an Israeli-based online brokerage that has supported crypto trading since 2013. As a licensed and regulated broker, eToro offers its services to over 100 countries worldwide, including most states in the US, through its subsidiary, eToro USA.
Besides traditional investment products, eToro users can also buy and sell over 100 cryptocurrencies, and exchange around 50 trading pairs. The platform also supports staking of four major coins, as well as CFD margin trading of cryptocurrencies with leverage.
Traders can use multiple payment methods, including cards, PayPal, and e-wallets like Skrill and Neteller, to buy cryptocurrencies from eToro with fiat. The broker charges a fixed 1% fee on every crypto purchase or sale.
Coinbase is a US-based crypto platform established in 2012 in San Francisco, California. It is one of the world’s most popular and largest crypto exchanges by trading volume. It operates in more than 100 regions worldwide and has the necessary licenses and approvals to offer its services to US users from all 50 states.
The Coinbase exchange supports over 240 cryptocurrencies and over 300 trading pairs. Its service offerings include spot trading, margin trading, perpetuals and futures trading with up to x20 leverage, and staking coins for interest.
On Coinbase, users can make fiat deposits using a range of payment methods, including popular options like PayPal, Apple Pay, and Google Pay. The exchange supports three fiat currencies: USD, EUR, and GBP.
For trading fees, Coinbase uses a tiered structure and offers discounted rates to active traders who generate large trading volumes.
After facing regulatory challenges, the global Binance platform established Binance.US to comply with US regulations and serve US traders. Binance.US is a fully licensed and regulated crypto exchange, registered as MSB with the FinCEN. It is available across the USA, with the exception of states that have specific regulatory restrictions.
The service offerings of Binance.US are considerably more limited than those of its global counterpart. Binance.US supports just over 120 cryptocurrencies and 60 trading pairs. The exchange provides staking and earning opportunities but no derivative trading options. It also doesn’t accept fiat deposits.
Binance.US also offers fee-free trading of select cryptocurrency pairs, and charges trading fees according to its tiered-fee structure for the remaining pairs. For trading fees paid with its native BNB coin, Binance.US grants a 5% discount on all trading fees.
Gemini is a popular crypto trading platform that was launched in 2015, with headquarters in New York. It is an exchange with a significant global presence, regulated and operating in more than 60 countries worldwide. Gemini also provides its services to US users in all 50 states.
Traders on Gemini can buy, sell, and trade more than 70 cryptocurrencies. The exchange also offers a range of derivative trading options, including perpetual and dated futures with up to x100 leverage, options, and swaps. In addition to crypto trading, Gemini also offers staking services for a select group of coins.
Gemini supports seven major fiat currencies and accepts deposits made using a number of payment methods, including PayPal. Regarding trading fees, Gemini’s fee schedule is complex, and sometimes it charges fixed or tiered fees, depending on the trade.