If you’re looking to buy bitcoin or trade cryptocurrency, it can be a very intimidating experience at first. With so many bitcoin trading platforms to choose from, each with their own drawbacks and advantages, how do you know which one is best for you?
To help you decide, we’ve put together this guide to the best crypto exchanges for 2021. We evaluated each cryptocurrency exchange on a variety of factors including their available assets, fees, user interface, features, and customer reviews.
Whether you’re a long-term investor in bitcoin or an active crypto trader, here are the best cryptocurrency exchanges of 2021.
Top 5 Best Cryptocurrency Exchanges
- Etoro: Best for beginners
- BlockFi: Best for earning interest on deposits
- Binance: Best for trading altcoins
- Prime XBT: Best platform for margin trading
- CoinBase: Most well-known crypto exchange
#1 EToro: Best Overall
Etoro is our top choice for trading the most popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Etoro is one of the biggest crypto exchanges in the world with over 18 million users worldwide and over 20 million crypto transactions executed on the Etoro platform. Etoro is supported by over 140 different countries and is one of the most secure crypto trading platforms in existence.
Although Etoro doesn’t offer as many different assets to trade as some of their competitors, they do offer the 14 most popular cryptocurrencies. Here is a list of the crypto coins available on Etoro:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Cardano (ADA)
- Neo (NEO)
- Bitcoin Cash (BCH)
- Stellar Lumens (XLM)
Etoro offers a web-based trading platform as well as a mobile app. The Etoro platform is really easy to use, even for beginners. Here are some of the features we like most with Etoro:
Demo Account – After opening an account, you’ll get $100,000 in virtual money to practice trading with. You can use this demo account to experiment with trading strategies or to get a feel for the platform itself.
Social Trading – When you open an account with Etoro, you’ll be joining one of the largest communities of traders. You can discuss ideas, share trading decisions, and talk strategy with other traders on the Etoro platform.
Copy Trading – This feature allows you to replicate other traders’ actions in real-time. This means that you can follow other successful traders on Etoro and copy their trades to piggyback off their success.
CopyPortfolios – These are done-for-you portfolios of the most popular digital currencies. This feature is great if you want to diversify with different crypto coins. These portfolios are rebalanced regularly and the investments are overseen by Etoro’s investment team.
Trading App – The Etoro trading app is intuitive and simple. It allows you to trade crypto anytime, and anywhere. Whether you’re on your mobile phone, laptop, or tablet, you’ll have a variety of cryptocurrencies at your…