Last Updated on 7 February 2025 by CryptoTips.eu
Top 10 Best Cryptocurrency Exchanges in 2025
When it comes to crypto exchanges, there’s no specific platform that fits everyone. We all have unique preferences that makes a particular crypto exchange suitable for us. With that in mind, we will take a look at some of the top cryptocurrency exchanges in 2025. Hold up?
Do you know what a cryptocurrency exchange is? If not, then stop here and check out our post on what is a crypto exchange. Don’t worry, we won’t start without you, and it’s a short read.
Now that you are all caught up, let’s get down to business, shall we?
Summary top 10 best crypto exchanges
As you’ve learned already, there are advantages and a few disadvantages when it comes to cryptocurrency exchange platforms. However, some of the shortcomings are only specific to certain platforms. With that in mind, it’s best to check out the best cryptocurrency exchanges to find one that you can deal with.
Additionally, most people think that trading fees, a wide selection of services and good support are important factors when choosing an exchange.
Here’s a short summary:
- Binance: Worldwide the biggest exchange with high liquidity, good services and low fees.
- Bitvavo (Europe Only): For Europeans the best exchange to exchange euro for crypto as cheap as possible.
- ByBit: The biggest derivatives exchange in the world (risky, experienced traders only).
- MEXC: Best exchange to trade memecoins or new tokens (very fast listing).
- KuCoin: One of the biggest exchanges worldwide, 1 on 4 traders bought their crypto here.
- Phemex: Upcoming derivatives exchange and is currently trending (risky, experienced traders only).
- Bitget: Growing exchange in terms of daily trading volume.
- Kraken: Kraken has a big brand awareness.
- Coinbase Pro: Coinbase has also a big brand awareness and is having an IPO in 2021.
- HTX: All-in-one platform like Binance.
#1 Binance
Honestly, Binance happens to be a favorite to many. Thanks to its intuitive interface and different trading options, Binance is now among the giants in the exchange industry. What’s more, Binance also offers a mobile and desktop app where you can operate all your transaction on your smartphone. On top of that, they’re continuously building new innovative services to expand their business.
The company was launched back in 2017 through an ICO. And ever since then, it rose quickly to fame due to its unique features. Changpeng Zhao is the founder and former CEO of Binance, the current CEO of Binance is Richard Teng. CZ needed to step down after regulatory problems with the SEC.
As the biggest exchange in the world, Binance is often used by regulators as an example to get hit by hefty fines or rules.
Key Features of Binance
- Binance Earn: Earn a passive income by using your crypto funds to generate more coins.
- Peer to Peer Trading Service: Binance offers a space where buyers and sellers can connect directly and trade. It also facilitates several payment options for users.
- Wire Transfers and creditcard: with the wire transfers, you can now buy cryptocurrencies directly from your bank account.
- Binance Launchpad: invest in new crypto startups that are audited by the Binance team.
- Crypto Loans: Binance offers users loans in USDT and BUSD while using ETH and BTC as collateral.
Unique Selling point
Aside from the fact that you can trade on your smartphone, Binance offers different ways to earn money through the exchange. From futures, staking, P2P trading, spot trading to Binance smart pool, you name it!
Fees
The Binance exchange platform offers a flat-rate fee of 0.1%. You will also get a 25% discount when you hold Binance Coin during trades. On top of that we’re sharing a lifetime 20% commission cashback with our readers. If you’d like to learn more about creating an account on Binance, check out our Binance review.
Pros
- Low fees.
- It’s easy to operate.
- Wide range of cryptos.
- Good reputation in the market.
- Wide variety of services.
- CEO CZ is very talkative online.
Cons
- History of security breaches in the past (but no users affected due to the SAFU foundation).
- Example for regulators, which force them to stop some services in some countries/regions. Europe is not so tolerant to Binance.
Lifetime 20% friend discount on all fees + 25% BNB discount
#2 Bitvavo Exchange (Europe only)
Another great cryptocurrency exchange is Bitvavo. This platform is from the Netherlands, and it’s one of the best and cheapest crypto exchanges in Europe. The website first appeared in the European market in 2017, and they’ve been successful in their operations since then. In March 2019, the company decided to change their platform from a brokerage status to a complete exchange platform. However, the broker interface is still there, this makes it popular by beginning traders and advanced traders.
Bitvavo is worldwide the biggest euro spot trading platform. It’s one of the easiest and cheapest platforms to exchange euro for cryptos and back.
Key Features of Bitvavo
- Intuitive interface: there’s no steep learning curve when dealing with Bitvavo even if you don’t have any experiences with crypto-trading. It’s easy to understand the platform.
- Cheap: it’s extremely cheap for European citizens to convert euro to crypto. You don’t pay a high premium.
- Bitvavo wallet: you can store all your cryptocurrencies on their wallet.
- Verification process: they have an easy and fast verification process that you can complete in minutes.
Unique Selling point
On Bitvavo, you can buy cryptos directly from your bank account or you can use a common payment method that is available in your country. The supported local payment methods are: iDEAL, Bancontact, PayPal, MyBank, EPS, SOFORT, GiroPay and bank transfer.
It’s relatively easy to learn how to purchase cryptos. More importantly, you can look at our Bitvavo review to learn more about the platform.
Bitvavo Fees
The platform has a trading fee of 0.25% for market takers and 0.2% for makers. This makes it even cheaper than Coinbase Pro. Trading stablecoins or USDC pairs are even cheaper.
Pros
- It has an easy to understand the platform and an advanced interface.
- Multiple cryptocurrencies available on the platform.
- Multiple payment methods available with no premium.
- Over 375 listed crypto’s.
- Wallet and account insurance.
Cons
- Only available in Europe.
- No phone support (only email and live chat).
- No leverage trading.
€25 free crypto and €10.000 commission free trading at Bitvavo
#3 ByBit
ByBit is a derivatives exchange from the British Virgin Islands, but currently, their offices are in Dubai. Their services were officially launched at the end of 2018. This exchange typically allows its traders to access leverage of about 100x.
Within the past few years, ByBit has managed to build up a sizeable amount of liquidity. The company operates under the ByBit Fintech organization, and has multiple offices (Dubai and Amsterdam).
Check out our starting guide of Bybit.
Key Features of ByBit
- Interesting bonuses: ByBit always has a new user promotion to get some nice bonuses.
- High liquidity: the daily volume is always within the top 5 crypto derivatives platforms.
- Insurance Fund: to manage the risks posed by shortfalls, ByBit uses insurance funds to protect their clients. Typically, this fund can be used in case the trader is liquidated below their bankruptcy price.
- 2-factor authentication: when it comes to security, ByBit comes with an extra 2-step authentication process that protects every trader against hackers.
Unique Selling Point
Aside from the continuous improvements of the safety and reliability of ByBit, traders also have access to a 100X leverage that lets you make the maximum profit from every trade. The company also introduced the spot price index as well as the mark price system. All these factors reduce the chances of traders getting manipulated by the market on the platform.
ByBit Fees
On this platform, takers get a 0.075% fee charge per order. On the other hand, the makers get a -0.025% fee charge on their trades. When you withdraw on ByBit, you have to pay a 0.0005 BTC charge. Unfortunately, ByBit doesn’t accept fiat currency. Therefore, it means you will have to find another way to convert your investment to cryptocurrencies.
Pros
- It has a lot of extra tools and trading pairs in comparison to BitMEX.
- ByBit has one of the best security systems in the business.
- Bybit debit card to spend your crypto.
- The platform allows you to access a 100X leverage.
- One of the highest liquidity in the market.
- A lot of financial products.
Cons
- Derivatives trading is very risky and should only be used by experienced traders.
Exclusive deal: 10% discount on fees + $20 or $40 free crypto + up to $30k bonus
#4 MEXC
MEXC is a global cryptocurrency exchange that has established itself as a populair trading platform for new tokens since its launch in 2018. With over 30 million users across 170+ countries, MEXC continues to expand its services, offering a wide range of cryptocurrency trading options, futures contracts, and innovative financial products. Known for its high liquidity, fast trading engine, and competitive fees, MEXC provides an accessible and efficient environment for both beginner and advanced traders.
Key Features of MEXC
- Trending Token Listings: MEXC frequently lists new and trending cryptocurrencies, ensuring users have access to the latest digital assets.
- Meme+ Trading Zone: A unique trading section launched in December 2024, enabling seamless memecoin trading with deep liquidity and minimal slippage.
- Airdrop Events & Rewards: MEXC distributed over $100 million in airdrops in 2024 alone, rewarding users for their engagement.
- Lightning-Fast Matching Engine: Processes up to 1.4 million transactions per second, ensuring smooth and efficient trading.
- Security & compliance: Multi-tier and multi-cluster security architecture to protect users’ funds and data.
- Multilingual support: Supports 34 languages, making the platform globally accessible to a diverse user base.
Unique Selling Point
MEXC stands out with its exceptional liquidity and market depth, ranking high in the global futures liquidity in 2024. Its Futures trading platform saw a triple digits growth in 2024, solidifying its dominance in the derivatives market.
The platform’s Meme+ Trading Zone allows users to trade trending tokens without requiring Web3 wallets, private keys, or complex on-chain operations, simplifying the experience for all traders.
MEXC Fees
MEXC offers a low-cost trading environment, making it highly attractive for both retail and institutional traders:
- Spot Trading Fees: 0.1% per transaction (cheaper with this MEXC bonus).
- Futures Trading Fees: 0.02% for makers and 0.06% for takers.
- Zero Deposit Fees: Deposits are free, and withdrawal fees vary by cryptocurrency.
Pros
- Extensive selection of cryptocurrencies with 3,000+ tokens listed.
- Deep liquidity, ensuring seamless transactions even in high-volatility markets.
- Frequent airdrop events, rewarding active traders.
- Advanced trading features, including margin and futures trading.
- MEXC Launchpool, allowing users to stake MX tokens for early access to new crypto projects.
- Strong security measures with a multi-tier and multi-cluster security framework.
Cons
- Futures trading can be complex for beginners.
- No direct fiat trading pairs, requiring users to first convert fiat into crypto.
- High-risk trading environment, especially for leverage traders.
- Some users complain about frozen assets.
#5 KuCoin
KuCoin is an established crypto exchange that has been in the market since it was launch back in 2017 and cannot be left out in our crypto exchanges top 10. It’s one of the most competitive platforms we have today, with over 200 plus cryptocurrencies available. In the early days, KuCoin only traded on crypto to crypto, but over the years, the company has introduced various services. On KuCoin, you can now purchase coins directly with your credit or debit card. The headquarters of this cryptocurrency exchange is found in Hong Kong.
Key Features of KuCoin
- Margin and Future trading: that gives you the chance to capitalize on the different types of markets.
- P2P exchange: KuCoin offers the ideal environment for buyers and sellers of cryptocurrencies.
- Buying cryptos with credit and debit cards: Most exchanges do not offer crypto buying directly from your credit or debit cards, but you can now purchase coins on KuCoin.
- KuCoin Share token incentives: over 90% of the trading fees are given back to the traders on the platform through incentives in terms of KCS (KuCoin Share tokens).
Unique Selling Point
Compared to the rest of crypto exchanges in the top 10, KuCoin boosts having one the most intuitive interface that is easy to navigate even if you are new to the crypto trading industry. Thanks to their mobile app, KuCoin has one of the best ratings in the crypto-exchanges business. More importantly, they have a responsive customer support to help you in case of any challenges.
KuCoin Fees
KuCoin has a fee on every trade that you execute on the platform. To be more specific, you will have to pay a fee of 0.10% for every transaction. However, the platform doesn’t charge for deposits or withdrawals.
Pros
- There are no withdrawal or deposit fees.
- 24/7 customer support service.
- Multiple cryptocurrency pairs available and it’s regularly updated.
- Still offering Futures trading to Europeans.
Cons
- There are no fiat pairs.
- It’s a bit complicated for beginners.
- Derivatives trading is very risky and should only be used by experienced traders.
- KuCoin got hacked in 2020 (no user funds were stolen due to their own insurance policy).
10% Off All Trading Fees + 5 USDT Free Airdrop
#6 Phemex
Phemex is a platform that’s quickly making waves in most cryptocurrency trading forums. That’s all thanks to their interactive interface. The platform was launched in 2019, and they are doing a pretty good job of ensuring the best service to their clients. What’s more, Phemex offers 100X leverage, which gives it an advantage over most exchanges in the world today. The headquarter of Phemex is in Singapore, and the current CEO is Jack Tao.
The platform is built with a user-focused approach to ensure traders do not have any problems entering the cryptocurrency world. Also, the platform has powerful features that will smoothen your trading experience. The name Phemex refers to a Greek goddess of fame and fortune. With that in mind, the company aims to create a sustainable blockchain technology that will revolutionize our take on crypto trading. Through Phemex, accessibility to cryptocurrencies will no longer be a problem.
Key Features of Phemex
- Multiple Order types: With this platform, you have the chance to create various orders at the same time. Therefore, you can leverage different swings of trades at the same time.
- Spot trading: Apart from their P2P interface, spot trading also allows different trading opportunities for their clients.
- USDT Pairs: Phemex also has several pairs based on the Tether USD; hence you can have a more predictable trade.
- MemeX: Special memecoin trading platform.
Unique Selling Point
Phemex uses the blockchain system to introduce new advancements in the cryptocurrency exchange field while at the same time maintain a simplistic interface. Considering that Phemex is relatively new, there’s still a lot more in store for this exchange platform. They also do not offer any fees on spot trading; hence you can get the best value for your money.
Phemex Fees
Phemex charges some fees on the makers and takers in the platform. They charge -0.025 and 0.075%, respectively. However, they do not charge any fee on the spot trading.
Pros
- The platform is relatively easy to understand.
- It has one of the best security systems in the business.
- The platform has a high speed.
Cons
- Derivatives trading is very risky and should only be used by experienced traders.
Exclusive $30,000 Deposit and Trade Bonus
#7 Bitget
Bitget is the fastest growing crypto derivatives exchanges worldwide with currently over 100 million users. It defeated KuCoin, MEXC and BitMEX based on daily trading volume and listed over 800 different crypto pairs on the platform. They changed from a no-KYC platform to a KYC platform.
They have an insurance fund of over 350 million dollars to cover losses of potential cyberattacks. Lionel Messi is their official ambassador.
Key Features of Bitget
- Low trading fees: Low trading fees with extra BGB discounts and 10% lifetime discount.
- High liquidity: High liquidity and trading volumes, outperforms KuCoin and BitMEX.
- Copy trading: Market leader on Copy Trading, was the first exchange with this feature.
Unique Selling Point
Bitget has low trading fees, over 800 listed crypto’s and is the biggest platform for Copy Trading. They offer spot, futures and contract trading with high leverages (only for experienced traders). Check out our Bitget starters guide.
Bitget Fees
Spot trading fees are 0.10%, but you will receive a 20% discount when you hold BGB and 10% discount when you use our Bitget referral code. Contract trading starts at 0.02% maker fees and 0.06% taker fees. Extra discounts can be obtained by your VIP status.
Pros
- One of the top 5 derivatives platforms.
- 800 crypto’s listed.
- Market leader on Copy Trading.
- Cyberattack insurance fund of 350 million dollars.
Cons
- Derivatives trading is very risky and should only be used by experienced traders.
#8 Kraken
If you’ve been in the crypto space long enough, I’m sure the words Kraken cryptocurrency exchange has popped up somewhere in your journey. That’s because Kraken is one of the most popular crypto exchanges in the world. Headquartered in San Francisco, Kraken claims to have the highest bitcoin amount in liquidity and volume.
The company was founded in 2011 by Jesse Powell, and it operates across the entire US. More importantly, the exchange on the platform was officially launched in 2013, and it’s been on the rise ever since then.
Key Features of Kraken
- Free deposits: with a platform that’s as competitive as Kraken, the free-deposits place this site ten steps ahead of its rivals.
- Low fees: another critical feature is the low transaction fees on this website. It’s ranked among the lowest in the industry, giving it an edge over its opponents.
- Fiat-to-crypto liquidity: at Kraken, you have access to over 32 different cryptocurrencies paired with six fiat currencies.
- Dark pool: thanks to Kraken’s privacy, you can now trade and move your cryptos around without any trace. Additionally, each trader can make an order, and no one can know their intentions in the trade.
- Forex trading: aside from cryptos, with Kraken, you have access to the forex market. The platform supports around six other fiat currencies.
- Support: whenever you have any issues, Kraken customer support is always there for you. The platform offers 24/7 support to its users.
Unique Selling point
Kraken cryptocurrency exchange is on a whole new level. It’s one of the crypto exchanges that tries to interact fiat and crypto liquidity on the same platform. What’s more, you can also enter the forex market without changing your site. That’s a win-win to anyone who’s having difficulties trying to switch from forex to crypto trading. With this platform, you can have a smooth transition without necessarily leaving the forex market. But if you need more information on the Kraken exchange, check out my Kraken review.
Kraken Fees
The exchange tries to make their platform as suitable for beginners as much as possible. There are different fees per trade, depending on the stable coin of your choice. You will only pay 0.2% or even less regardless of whether you are a maker or a taker.
Pros
- Low fees.
- High liquidity.
- Big name in the market.
- 24/7 support.
- Fiat currency pairs available.
- Forex market is also available.
Cons
- There are no credit card deposits.
- Verification and deposits will take some time.
- Staking is disabled because of the SEC.
Create a free Kraken account and start trading
#9 Coinbase Pro
When it comes to the top-ranked cryptocurrency exchanges, Coinbase Pro is always among them. Typically, as the name suggests, Coinbase Pro is an advanced platform that’s operated by Coinbase inc. The company was launched back in 2015 for professional trading. However, the company was later rebranded in 2018. Coinbase Pro operates in San Francisco, and the platform offers various services, including wallet services, trading tools for professionals, and seamless trading experience.
Key Features of Coinbase Pro
- Multiple cryptocurrencies: Coinbase Pro will grant you access to over 29 different cryptocurrencies, including bitcoin. The platform is secure and seamless, and it’s designed for advanced traders.
- Secure exchange: without a doubt, Coinbase is one of the fastest platforms in the world. It also offers a cold storage service for crypto assets and clients who would like that extra security.
- Margin trading: Coinbase Pro offers up to three times leverage for its users. That’s enough leverage to make a living out of Coinbase Pro.
Unique Selling Point
Coinbase Pro offers tools and other solutions for advanced traders who would like a little extra feature. That’s the unique selling point of Coinbase Pro. More importantly, the platform is smooth and easy to navigate through.
Coinbase Fees
Coinbase Pro has different fees for higher volume tiers, but it’s the same for all cryptocurrencies on the platform. Based on your monthly volume your fees will be between 0.50% and the 0.00%.
Pros
- It’s easy to use.
- Coinbase Pro doesn’t have any crypto withdrawal fees.
- Big name in the market.
- Perfect to avoid the Coinbase fees.
- It’s the ideal choice for advanced traders.
Cons
- The customer support is slow.
- Coinbase Pro is not for beginners.
Receive $10 BTC for free using Coinbase
#10 HTX
HTX (previously known as Huobi) is a professional digital asset exchange platform that has its headquarters based in Singapore. More importantly, HTX is one of the few crypto exchanges from Seychelles. From the information on their website, Huobi has millions of users from over 130 countries worldwide.
Additionally, the platform supports both cryptocurrencies and ICO tokens. The tech gurus behind this platform believe that the advancements in blockchain will soon lead to the appearance of digital assets. The company was founded back in 2013 in Beijing.
The original Huobi founder sold his 100% stake in the company to Justin Sun.
Key Features of HTX
- High liquidity: HTX offers high liquidity to its customers; hence you can make a profit from every swing in the market.
- User-Protection Fund: just like Binance, Huobi also uses its funds to create an insurance policy for its traders against hacks or even theft.
- Institutional trading: Huobi features institutional accounts that have attracted significant investors from all over the world.
- Margin trading: additionally, Huobi also supports C2C lending and margin trading.
Unique Selling Point
Huobi is pretty much focused on their home town. On this platform, Chinese traders get zero deposit fees and also several other benefits. Additionally, Huobi is designed to cater to all types of traders: both advanced and beginner traders.
HTX Fees
The platform offers a 0.2% fee on trading and below. The fee will vary on the particular pair. You also have access to HTX discounts when you are trading with the Huobi token.
Pros
- There’s a wide selection of cryptocurrencies on the platform.
- Huobi offers high liquidity.
- 24/7 customer support system.
- They also have top-notch security systems.
Cons
- The platform is not available to US citizens.
Save up to 65% on fees holding Huobi Token (HT)
Crypto exchange top 10 summary
That completes our review for the top 10 best cryptocurrency exchanges in 2025. A few of these crypto exchanges will feature in our top 10 best exchanges in the next year. But that’s only if they continue to improve their services and deal with their shortcomings.
These are our favorites:
- Best and most trust able exchange to trade: Binance
- Best to exchange and trade with euros: Bitvavo.
- Best exchange to trade new tokens and memecoins: MEXC.
All in all, if you are new to the crypto-world, this article will help you get started by trading your first few crypto coins. All the best and stick around for more interesting subjects on the same topics.
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