List of Crypto Exchanges 2025

Which crypto exchanges are best suited for buying or selling Bitcoin or altcoins in 2025? We will list and review trading platforms worthy of your attention.

This table presents a list of the best cryptocurrency exchanges in 2025 where you can buy Bitcoin and other cryptocurrencies.

Choosing the best cryptocurrency exchange is not just about ranking by volume or performing a general comparison of fees, accessibility, trading instruments, or other important features.

Most exchanges aim to support a specific type of client based on their location, experience, available payment systems, need for anonymity, and so on, and very few can be considered universal exchanges designed for the non-existent "average user".

For example, if you are buying cryptocurrency for the first time, you might start with EXMO or Binance. And if you want to trade with leverage, choose CoinEx, Bitfinex, or Binance.

That's why we decided to compile a list of cryptocurrency exchanges supporting Bitcoin and other coins to meet the needs of all our readers.

Our list includes the best crypto exchanges of 2025, offering the widest range of services, as well as some smaller platforms that cater to more specific types of clients.

Thus, every reader will be able to find the best cryptocurrency exchanges for their unique needs.

Binance – Best Crypto Exchange in 2025

Binance is one of the largest exchanges by trading volume with a wide selection of cryptocurrencies. The company was founded by Changpeng “CZ” Zhao, a Chinese software developer who previously created systems for the Tokyo Stock Exchange and futures trading software for Bloomberg's Tradebook.

Although initially based in China, strict cryptocurrency regulations in that country forced it to relocate to Japan. Later, when the Japanese FSA issued a warning to Binance, they decided to move to Malta.

Binance is a favorite exchange for many people to trade cryptocurrencies for other cryptocurrencies. It offers some of the largest numbers of available coin pairs and trading volumes in the industry.

However, since we wrote the first version of this article, many new features have been added to the platform (such as Binance Futures), and now many use it for margin and derivatives trading of cryptocurrencies. In the early days of the cryptocurrency market, you would have had to use BitMEX or Bitfinex for this, but now it can all be done without leaving the exchange.

Among other things, Binance boasts low fees for transactions and withdrawals. There is also a Binance fee discount if the user holds Binance Coin (BNB).

In 2017, Binance became the exchange with the highest trading volume, largely due to the vast selection of cryptocurrency assets available for trading. In February 2020, aiming to support its impressive growth, the Binance team added the capability for margin trading of cryptocurrencies.

Over the years, Binance has made several interesting acquisitions, including Trust Wallet in 2018 and CoinMarketCap in April 2020.

Go to Binance website

ByBit – Best Cryptocurrency Exchange for Trading in 2025

ByBit was founded in 2018 and quickly became one of the leading crypto exchanges in the world, specializing in derivatives and margin trading. Today, Binance and ByBit are the largest crypto exchanges by trading volume. With its headquarters in Singapore, ByBit has attracted traders' attention due to its reliability, innovative technologies, and high level of customer service.

ByBit is a platform that offers margin trading with leverage up to 100x. This allows traders to increase their position and potential profit using borrowed funds. Additionally, ByBit offers derivative products such as Bitcoin futures, making it attractive for experienced traders.

The ByBit trading platform stands out for its reliability and performance. It can handle 100,000 transactions per second, ensuring smooth trading even during the most volatile periods. Its intuitive interface, wide range of order types, and advanced analytical tools make it accessible to both beginners and professionals.

Commissions on ByBit are also one of its advantages. Makers can even trade without fees, and takers pay only 0.10%. This makes trading on ByBit economically advantageous.

ByBit is also known for its regular trading competitions and bonus programs. New users can receive bonuses for registration and their first deposit, while regular clients can take advantage of various promotions and discounts.

In terms of security, ByBit uses a multi-layered protection system and stores most of the funds in cold wallets, minimizing risks.

In a short period of its existence, ByBit has established itself as a reliable and innovative platform, providing a high-quality cryptocurrency trading experience for its users. Its unique features and client-oriented approach make it one of the most attractive options for cryptocurrency trading in the modern market.

Go to ByBit website

How the Cryptocurrency Exchange Rating is Compiled

The cryptocurrency exchange rating is compiled based on several key criteria that are important for both beginners and experienced traders. Here are the main parameters we considered when compiling the rating:

1. Trading volume. Reflects activity on the exchange and can serve as an indicator of its popularity and reliability.
2. Margin trading. Indicates whether the exchange provides the ability to trade on credit, which can increase potential profit or loss.
3. Derivatives. The presence of derivatives such as futures and options allows traders to speculate on the price of cryptocurrencies without the need to own them directly.
4. Leverage. If the exchange offers margin trading, the maximum leverage is indicated, which allows traders to increase their position using borrowed funds.
5. Fiat currency support. Some exchanges support direct transactions with fiat currencies.
6. Number of cryptocurrencies. Reflects the variety of cryptocurrencies available for trading on the exchange.
7. Trading fees. Includes fees for makers and takers.
8. Reliability and reputation. Reviews and evaluations of exchanges are also considered to assess their reliability and security.

These criteria provide a comprehensive analysis of each exchange, allowing traders to choose the most suitable platform for their needs, whether it be traditional trading or complex investment strategies using margin trading and derivatives.

What is a Cryptocurrency Exchange?

Cryptocurrency exchanges are platforms where users can exchange digital currencies for other assets, including cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and traditional currencies like US dollars and euros. Therefore, an exchange is often positioned as a cryptocurrency exchanger.

Exchanges are an important part of the crypto ecosystem because most traditional investment companies do not offer cryptocurrencies in their portfolios. Without these platforms, you would have to find another person willing to trade cryptocurrency and negotiate an exchange rate. Then you would have to send coins directly to each other's cryptocurrency wallets – a somewhat convoluted process.

Cryptocurrency Wallet or Exchange?

Cryptocurrency wallets and exchanges are the two main tools used to manage cryptocurrencies. Wallets are designed to store cryptocurrency funds, while exchanges are trading centers where users convert fiat currencies into digital ones and buy or sell cryptocurrency at the current market rate.

Many cryptocurrency exchanges manage their own wallets, so users can start trading cryptocurrencies immediately after opening an account, without worrying about having their own digital wallet. Such wallets are called web-hosted, and the exchange is responsible for their security.

Serious traders are advised to have an independent wallet for storing cryptocurrencies they are not actively trading. This is because you could lose all your digital assets if the exchange is hacked.

While you will be responsible for the security, backup, and management of your funds, independent digital wallets are a much safer alternative for protecting the bulk of your cryptocurrencies.

The most reliable for storing cryptocurrency are hardware wallets such as Ledger or Trezor.

How Cryptocurrency Exchanges Work

The operation of crypto exchanges depends on the type of their platform. Most cryptocurrency trading platforms are known as centralized exchanges (CEX), which function as a broker, acting as an intermediary between buyers and sellers.

Users can deposit fiat money on exchanges to buy cryptocurrency or deposit their own cryptocurrencies to exchange for other currencies, known as spot trading of cryptocurrencies. Traders are charged an exchange fee for converting one cryptocurrency to another.

In exchange for digital currencies, exchanges can accept a wide range of payments, including credit card payments, direct bank transfers, credit or debit cards, money transfers, and even gift cards.

Crypto exchanges will allow you to withdraw your cryptocurrency funds and transfer them to another wallet of your choice.

Types of Cryptocurrency Exchanges

There are three types of crypto exchanges:

1. centralized (CEX),
2. decentralized (DEX),
3. hybrid.

Centralized Exchanges (CEX)

Centralized exchanges are the most common and traditional type of crypto exchanges. They are owned by private companies and offer investors a platform to trade cryptocurrencies. This type of exchange generally has higher trading volumes and liquidity, as well as a greater number of trading pairs.

Centralized exchanges are often considered a good option for beginner crypto traders as they have a more user-friendly interface, accessible customer support, and insurance in case of platform system failures.

The main issue with this type of exchange is that users are inherently more vulnerable to hacking attacks. Some users also feel uncomfortable disclosing their personal information during the KYC process.

Examples of CEX: Binance, Coinbase, Kraken.

Decentralized Exchanges (DEX)

Decentralized exchanges operate in the spirit of Bitcoin, without a central point of control. The servers of this type of exchange are distributed across computers located around the world. This means that if one computer is attacked, the network will continue to operate. This alone attracts many users who fear losing their cryptocurrencies due to the lack of security in the company's trading platform.

If centralized exchanges operate like brokerage firms, then decentralized exchanges are more like marketplaces. They facilitate peer-to-peer trading and have a less stringent registration process. The main drawbacks of DEX include lower trading volumes, limited liquidity, poor user interface, and lack of customer support.

Examples of DEX: Uniswap, PancakeSwap, 1inch Network, dYdX, Curve Finance.

Hybrid Exchanges

Hybrid exchanges are part of a new generation of cryptocurrency trading platforms that aim to provide the best of both worlds. They seek to overcome the limitations of older exchanges by offering greater functionality and liquidity of centralized exchanges along with the security advantages of DEX.

Hybrid exchanges boast high transaction speeds without compromising the privacy of their users, but they are still a relatively new phenomenon in the world of cryptocurrencies. Time will tell whether they will succeed or fail due to high costs, limited scalability, and limited assets.

Examples of hybrid exchanges: Nash, Qurrex, Eidoo, Legolas.

About Fees on Crypto Exchanges

Cryptocurrency exchanges charge several fees, and it is not always clear what exactly you will be charged for.

There are two main types of fees to watch out for: exchange fees and network fees.

Exchange fees are how cryptocurrency exchanges make money.

In other words, this is a service fee that includes:

• Trading fees, charged when executing trades, also known as maker/taker fees. Trading fees indicate whether a cryptocurrency order provides market liquidity or not. They also apply when converting currencies.
• Deposit fee, charged when users fund their account, usually using a debit card, credit card, or PayPal instead of a bank transfer.
• Withdrawal fee, charged when withdrawing fiat currency or cryptocurrency from your account.
• Account maintenance fee, charged on a regular basis, usually monthly.

Network fees are paid to cryptocurrency miners who process and secure cryptocurrency transactions on the blockchain. Many centralized cryptocurrency exchanges bear these costs, although some may allow their users to pay more to miners to speed up transaction times. Users of decentralized exchanges generally have to pay these fees themselves, as there is no third party between them and the miners.

How to Choose a Cryptocurrency Exchange

When choosing a cryptocurrency exchange, the main points to consider are functionality and security measures. The exchange you choose should have most, if not all, of the features you will use – whether it is fiat-crypto trading pairs, liquidity aggregation, or specific altcoins and stablecoins you want to trade. It should also provide additional security measures such as two-factor authentication and Bitcoin locks, which help protect against hackers.

Ease of use is another factor to consider when choosing a cryptocurrency trading platform. This is especially important for beginner traders who may find it difficult to use platforms with less intuitive user interfaces. However, experienced traders can also benefit from greater ease of use.

Geography is also important to consider. Not all exchanges are available in the USA, Australia, UK or Europe.

How to Ensure the Legitimacy and Security of a Cryptocurrency Exchange

When searching for a cryptocurrency exchange, it is crucial to be extremely cautious to avoid fake websites and mobile apps. Even if the platform appears legitimate, be sure to check for typos in the text, inauthentic branding, and in the case of a website, look for a small lock icon next to the URL bar indicating security.

Additionally, it is important to remember that despite fraud, trading digital coins can be risky. Cryptocurrencies are highly volatile, meaning they are subject to sudden increases and decreases in value that even the wisest investors cannot predict with certainty.

Financial advisors recommend, if you invest in cryptocurrency, to exercise caution and not exceed 5% of your total investment volume.

How to Open an Account on a Cryptocurrency Exchange

Each cryptocurrency exchange has its own registration and setup process. Some platforms may allow you to open an account without verifying your identity or providing confidential information. Others require new users to undergo an extensive Know Your Customer (KYC) procedure in accordance with government requirements aimed at preventing money laundering and fraud.

However, some registration steps are common to all platforms.

To open an account on most cryptocurrency exchanges, you will need the following information and documentation:

• Your full name and date of birth.
• Your phone number and email address.
• Your physical address.
• Government-issued ID (e.g., driver's license, passport), and your photo or scan of the ID.

The registration process usually begins with requesting your personal information, followed by an email to confirm your address. Some exchanges may also ask for a copy of a utility bill sent to your physical address and inquire about your interest in trading tokens. You will then need to add a payment method to fund the exchange and start buying and selling cryptocurrency.

How to Trade on a Cryptocurrency Exchange

Day trading is very short-term trading where an asset is held from just a few seconds to a couple of hours.

The idea is to sell the purchased asset before the end of the day, hoping to make a small but quick profit. The main idea is to look for opportunities to make quick profits.

If you plan to hold cryptocurrency longer, this is called long-term trading.

Day Trading Methods

Different people use many different methods for day trading, but two main methods are based either on speculation or chart analysis.

Speculation

Speculation is when a trader believes that the price will go up or down due to a certain event. For example, you are going to buy Bitcoin because you saw some positive news.

There is no guarantee that the price will go up, but based on your own opinion, you assume that it will.

Chart Analysis

Chart analysis is a frequently used intraday trading strategy for cryptocurrencies.

In this case, traders study the price movement of a particular cryptocurrency and try to predict where it will move based on historical price movements.

By analyzing charts, you can see how the price moves in intervals of several seconds, minutes, or even hours.

Highly Volatile Market

One of the main advantages of intraday trading in Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), or any other highly liquid coin is volatility.

Prices that fluctuate with high frequency or within a wide range are called “highly volatile”.

Volatility is one of the main advantages for short-term/intraday traders as it gives them the opportunity to enter and exit the market profitably.

Quite often, the price of a coin rises or falls by more than 10–50% in a single day. Under certain circumstances, even more.

For example, in February 2018, a cryptocurrency called E-Coin increased in value by more than 4000% in just 24 hours, only to quickly drop back to where it started.

Anyone who bought the coin at the beginning of the day would have made a lot of money, but people who bought it at the highest price would have lost most of their investment.

Risks

By this point, you are almost ready to make serious money, but are there any potential risks, and if so, what are they?

Here they are:

• Regulation – Cryptocurrencies are a relatively new phenomenon, making their future somewhat uncertain. It is impossible to predict how governments will act in the future and how strict the regulations will be.
• Volatility Risks – Bitcoin is the most volatile of all assets, including stock markets and gold. Volatility brings the opportunity to profit from trading daily, but it also brings uncertainty and unpredictability.
• Currency Risk – While your bitcoins cannot disappear, transactions in this network are irreversible, and only the recipient can return the coins. This means you should only deal with those you know, trust, or who have a good reputation.
• Payments and Fees – If buying and selling BTC is done directly, transaction costs can vary significantly.
• Margin Trading – derivatives can often be traded using borrowed funds. This increases the profit potential but also raises the risk. In margin trading, losses can exceed the size of the deposit.

How to Start Trading Bitcoin

1. Find a good exchange. Cryptocurrency exchanges allow you to buy and sell coins 24/7. It is also important to immediately think about which cryptocurrencies you want to deal with. If you are looking for a full-time intraday trading option, you should choose an exchange that supports many different pairs.
2. You also need to find an exchange with good liquidity. This ensures that you can always find a buyer or seller. Otherwise, there is a chance that the trade will not close when the price drops!
3. Once you open an account on the exchange, you will need to deposit some funds into it. Most cryptocurrency exchanges do not allow deposits using debit/credit cards or bank accounts, but some do provide this option.
4. You should also consider how much money you plan to deposit. Never forget that cryptocurrency markets are extremely volatile, so there is always a chance that you will lose all your investments. Start with small amounts.
5. Spend some time studying the various features on the trading screen. It is very important to understand how these tools work as this will allow you to identify good chances that the coin will rise or fall. However, again, there is no guarantee that your forecast will be correct, so always be prepared to exit the trade if things go wrong!

CFD Trading

If you are a trader and do not want to deal with the technical side of the blockchain, then CFD will be the right option for you.

When using CFD, you can buy and sell bitcoins just like on a cryptocurrency exchange, but with one advantage: you do not have to wait for blockchain confirmation, which takes quite a lot of time.

You can trade Bitcoin CFDs with almost any Forex broker.

Trading on Cryptocurrency Exchanges

Trading bitcoins can be done on various platforms, but all these platforms charge certain transaction fees. It is best to check and compare all sites before you start trading.

First and foremost, you should monitor the fee sizes, as they can add up to a significant amount and eat into your profits.

Some platforms offer advanced features while charging relatively low fees for their use (which is ideal for intraday trading).

Top Crypto Exchanges – Editor's Picks

Choosing the right crypto exchange is a key point for successful interaction with the world of cryptocurrencies. Depending on your needs and experience, different exchanges can offer unique advantages and features. Our editorial team conducted a thorough market analysis and prepared a list of top crypto exchanges that deserve your attention:

1. Binance. The best exchange overall. Binance offers a huge selection of tokens, high liquidity, and reliability, making it an excellent choice for most traders.
2. ByBit. The best exchange for cryptocurrency trading. ByBit stands out with its advanced tools, low fees, and specialized features for experienced traders. ByBit is also among the top crypto exchanges by trading volume.
3. Coinbase. The best cryptocurrency exchange for beginners. Coinbase makes it easy to enter the world of buying and selling cryptocurrency thanks to its ease of use and user-friendly interface.
4. Kraken. The most reliable cryptocurrency exchange. Kraken uses a multi-tiered security system and stores most funds in cold wallets, providing extra peace of mind. Additionally, it is one of the oldest crypto exchanges, founded back in 2011.
5. Bitfinex. One of the best crypto exchanges for professional traders. Bitfinex offers complex trading tools, high liquidity, and a flexible fee structure for those seeking advanced trading opportunities.

These exchanges were selected based on various factors, including reliability, functionality, fees, and customer support. Whether you are a beginner or an experienced trader, you will find a platform in this list of crypto exchanges that meets your needs and helps you successfully trade cryptocurrencies.

Conclusion

The best cryptocurrency exchanges are those that offer secure, easy-to-use platforms with high trading volumes, where clients can trade multiple cryptocurrencies and make payments in various ways.

Cryptocurrency exchanges charge various fees. The highest fees are charged by exchanges when purchasing cryptocurrency using a credit or debit card. Decentralized exchanges using blockchain are considered the most secure crypto exchanges.

Frequently Asked Questions

What is the best crypto exchange?

The best crypto exchange depends on your individual needs and preferences. Binance is considered one of the best due to its low fees, high liquidity, and wide selection of cryptocurrencies. Coinbase stands out for its security and ease of use, making it popular among beginners.

Which crypto exchange is best for trading?

For active trading, Binance, Kraken, and Bybit are recommended due to their high trading volumes, wide selection of trading pairs, and advanced analysis tools. Binance offers low fees and high liquidity, which is important for traders.

Which crypto exchange to choose in 2025?

In 2025, when choosing an exchange, consider factors such as security, fees, available cryptocurrencies, and user interface. Binance, Coinbase, and Kraken remain popular choices due to their reliability and variety of features.

What crypto exchanges are there?

There are dozens of crypto exchanges, among the most well-known are:

• Binance
• Coinbase
• Kraken
• Bitfinex
• Bittrex
• Huobi
• Bybit
• KuCoin
• OKX

Which exchanges do not require verification?

Some exchanges allow trading without mandatory verification (KYC) for certain trading volumes. These exchanges include:

• Binance (up to a certain limit)
• KuCoin (up to a certain limit)
• Bybit (limited functions)
• Bitfinex (up to a certain limit)

However, for extended functions and large withdrawals, verification will still be required.

Which exchange is the most reliable?

The most reliable exchanges are those that provide a high level of security, such as:

• Coinbase (known for its strict security measures)
• Kraken (high security standards and fund protection)
• Gemini (offers reliable storage and insurance for crypto assets)