Best Crypto Exchange for 2025

Best Crypto Exchange 2025 – List

When it comes to picking the best crypto exchange platforms, we have a few recommendations, and they include the following:

1. ➡️ Best Wallet: This wallet is an exchange choice to get the lowest exchange rates. It also offers anonymity, dApps integration, and self-custody storage for your crypto assets.
2. ➡️ MEXC: MEXC is the best crypto exchange when it comes to airdrops. The exchange offers several airdrop events with up to 1,000% APR.
3. ➡️ Kraken: This exchange is another top exchange for earning weekly rewards on several crypto assets.
4. ➡️ Margex: You can get a live demo on this platform, an excellent approach for beginners to learn trading.
5. ➡️ OKX: OKX offers trading bots and an extensive marketplace.
6. ➡️ Coinbase: Join for zero trading fees, boosted rewards, and powerful trading analytical tools.
7. ➡️ BingX: BingX offers a dedicated AI trading assistant for its users. It is also our recommendation for the best online crypto exchange when it comes to grid trading.
8. ➡️ Bybit: With Bybit, you get an exchange and an extensive Web3 platform. That means you can interact with dApps and DeFi platforms.
9. ➡️ Binance: Pick Binance if you want fast, smooth trades with deep liquidity. The platform also features one of the largest P2P trading sections for users.

1. Best Wallet

When it comes to getting the best crypto exchange in the USA, your first choice should be a platform with a proven track record. Best Wallet has that, but it goes even further. Users will get anonymity as they don’t have to disclose personal details or complete KYC verification when registering. Simply provide an email for the verification code, and you are good to go.

Best Wallet is not a crypto exchange at its core, but a Web3 wallet. However, its trading services and dApp integrations make it a notable choice among the competition. You can trade hundreds of cryptocurrencies and swap them as well. Even better, you can buy crypto directly with a credit card, PayPal, Apple Pay, and other supported payment options in the USA.

As a multi-chain wallet, Best Wallet allows users to set up wallets on different chains. For example, you can set up an Ethereum wallet for Ethereum ICOs and set up a Solana wallet for Solana ICOs. If you already have these wallets, you can import them and continue managing them on your new Best Wallet account.

If you want the best US crypto exchange to invest in new tokens, Best Wallet fits the bill. This wallet has a launchpad that features not just trending tokens but also new ICOs and presales. As such, you can invest early in these projects even before other crypto communities get to know about them.

Buying new token presales isn’t the only thing you can do on Best Wallet. You can also stake the tokens to earn passive rewards.

If you are worried about scams and rugpulls, then Best Wallet has you covered. The wallet uses a thorough screening process to select new token presales. Hence, it removes scams and rugpulls before they get to you.

Noteworthy Features of Best Wallet

• ➡️ Portfolio management: You can track and manage all your wallets effortlessly. The wallet also supports the creation or importation of new wallets.
• ➡️ Low fees: Best Wallet matches you with the lowest fees when you want to buy or trade cryptocurrencies. 
• ➡️ Multi-chain support: The wallet supports over 60 chains, including Bitcoin, Ethereum, Solana, Polkadot, Cardano, etc.

What We Like About Best Wallet and What to Consider

Best Wallet might be the best crypto exchange US when it comes to anonymity and self-custody, but it has a few shortcomings as well. Here’s what we like about it and what we’d like to see improved:

Things We Like	What to Consider
The user interface is easy to operate You can interact with dApps like Pancakeswap and staking aggregators The wallet supports cloud backup for your private keys You can use the wallet on your Android or iOS device	Best Wallet does not have a web interface, as it is currently limited to the mobile app

2. MEXC

MEXC was established in 2018, and since then, the platform has only gotten better. It is based in Seychelles, although it was based in Singapore at one time. In 2021, just three years after its debut, the platform won the award for the best exchange to buy crypto in Asia.

Today, you can access MEXC through its web, Windows, and mobile platforms. For the mobile platform, simply download the Android or iOS app from the official website. All platforms offer the same robust features to ensure you don’t miss out on anything, regardless of your preferred option.

MEXC has over 10 million customers. When it comes to cryptocurrencies, the platform supports over 1,000 cryptos, tokens, and coins. You can buy these tokens with fiat currency or swap them with other cryptocurrencies. Either way, you’ll enjoy some of the lowest fees in the industry.

Another significant highlight with MEXC is the airdrops. The best part about this feature is that you can receive daily airdrops if you buy and hold MX, the ecosystem’s native token. These airdrops come with 33.87% APR, but if you want 1,000% APR, you’ll have to stake to earn star tokens.

Other privileges you’ll enjoy by holding the MX token include 50% off the trading fees and up to 70% referral commission.

MEXC has comprehensive liquidity for the major cryptocurrencies. That ensures quick and efficient trades, whether you are buying, selling, or swapping.

As for security, MEXC combines cold and hot wallet storage to maximize storage efficiency. It also has a reserve rate that exceeds 100%. You will get compensation for losses exceeding the margin, ensuring you trade with confidence always.

MEXC also offers a DEX, making it the best exchange for crypto if you want both a CEX and a DEX. 

Noteworthy Features of MEXC

• ➡️ Savings and Simple Earn: You can lock your savings for the long term or use the flexible short-term plan. Both options provide passive earnings with APRs up to 1.25%.
• ➡️ Loans: MEXC supports borrowing for USDC and TON. The interest rate is as low as 0.01% daily, and you can borrow for up to 90 days.
• ➡️ Events: MEXC is known to host several rewarding events for new and returning users. These events typically offer airdrops as rewards.

What We Like About MEXC and What to Consider

The DEX+ integration makes MEXC the ideal choice when you need the best online crypto exchange that offers both a CEX and a DEX. Nevertheless, there are a few things to consider before picking MEXC over others.

Things We Like	What to Consider
You can trade spots, including pre-market trading The platform supports grid trading, where you can engage auto-trades for auto-profits Makers typically get a 0% for futures markets There is a news section to keep up with the latest events in the crypto space	The platform has limited functionality in the US Fiat payouts are not supported

3. Kraken

As of this writing, Kraken is ranked as the best crypto exchange by Forbes Advisor. It is available for desktops and mobile, but the best part is its features.

Kraken offers industry-leading security with FIDO2-compliant 2-factor authentication that includes passkeys. The platform does not support phone or SMS account recovery, further improving the security of your funds. These security features continue to serve the over 15 million clients on board.

This platform has a global presence and has been in the industry for over a decade. It debuted in 2011 and has since led the charge or push for crypto adoption globally. You can use it in the US as well, except in Washington and New York.

With Kraken, you can buy crypto in minutes by either depositing cash or crypto. The platform supports several local payment methods like SEPA for EUR deposits, SWIFT for USD, EUR, CAD, and GBP deposits, and ACH transfers for users in the US. Even better, you can use the ACH option in the US without any fees.

You can set up recurring buys for your account, trade margins with up to 5x leverage, and even trade stocks and ETFs with zero commission. The platform also offers powerful, flexible, and capital-efficient trading for futures.

The Kraken desktop platform is a supercharged trading station that supports up to 800 cryptocurrencies. It is lightweight and filled with several handy features like dashboard customizations, sharing and copying of market insights, and blazing performance powered by RUST.

You can monitor crypto prices with your Kraken app or desktop platform. The exchange gives instant price tracking. Even better, you can buy and sell crypto with one click on the price page.

Noteworthy Features of Kraken

• ➡️ Crypto Staking: You can earn up to 17% APR when you stake crypto on Kraken. There’s an auto-earn feature as well.
• ➡️ Kraken Pro: This feature provides a professional trading dashboard for expert traders. You can adapt the layout and track real-time performance.
• ➡️ Trade Analysis: You can effortlessly identify trades with full-featured charting and technical indicators. You can also compare four markets simultaneously.

What We Like About Kraken and What You Should Consider

Here are the things we like about Kraken and what you should look out for:

Things We Like

What to Consider

You’ll get advanced trading charts like live order books and even trade streaming The pro trading platform supports over 400 assets, including crypto coins, stablecoins, and fiat currencies Kraken Pro offers flexible derivatives trading on over 300 perpetual futures Weekly rewards are available There are no lock-up periods, and you can unstake your tokens at any time Kraken OTC allows trades of over $50,000

The platform is not available in some US states You may encounter relatively high fees There is no integrated DeFi section You cannot interact with dApps and other decentralized platforms There are occasional delays in withdrawals

4. Margex

When it comes to trading perpetual futures with high leverage, Margex is the best crypto exchange USA to go for. It allows up to 100x leverage on its perpetual futures, but there’s more to the platform than just derivatives trading.

Margex draws its liquidity from over 12 providers, ensuring constant deep liquidity for speedy trade executions. Even better, you’ll trade with some of the lowest fees in the industry. The popular market has over 55 assets you can trade immediately.

Since launching in 2019, Margex has expanded globally to serve users in over 153 countries. So far, the platform has not lost any user funds to hacks or security breaches. There are data and SSL encryptions, email confirmations, and 2-factor authentication.

Copy trading is another notable feature worth trying on Margex. The platform is the best online crypto exchange for one-click copy trading. It has over 100 pro traders you can copy from. Even better, you can download the dedicated copy trading app if you want to focus on just copy trading without getting distracted by other trading features.

Besides offering one of the best market liquidity and copy-trading, Margex also features the MP Shield system. This system prevents price manipulation in the market. As such, you can trade with confidence, knowing that other traders cannot manipulate the market in their favor.

Beginners can try the live demo section on Margex. We recommend this approach for new traders, as it’ll help them sharpen their trading skills before they spend real money. You can access charting tools and analytical tools just like an actual trade.

Margex offers an onboard hot wallet where you can store your cryptocurrencies. However, we recommend you use this option temporarily. Transfer your tokens to a more secure hardware wallet once done with trading.

Noteworthy Features of Margex

• ➡️ Staking: Margex allows users to earn daily interest on their staked crypto with the best market rates.
• ➡️ Custodian security layer: The platform stores user assets in a multisignature offline storage with real-time monitoring. There is also access segregation for enhanced security.
• ➡️ Price squeezing protection: This feature executes your orders at your expected price level.
• ➡️ Margin trading: You can trade margins with advanced trading charts and analytical tools

What We Like About Margex and What to Consider

Note the following pros and cons before picking Margex:

Things We Like	What to Consider
The platform has an intuitive and clean design You can swap different cryptocurrencies without incurring extra fees The copy trading feature is available to copy successful trading strategies from other pro traders The MP Shield system protects users from price manipulation	There is a conversion limit that is unsuitable for high-volume trades You cannot trade spots on the platform

5. OKX

OKX is the fourth-largest crypto exchange when it comes to trading volume. It debuted in 2017 and was rebranded in 2022. Today, you can trade spots, futures, and even options seamlessly on the platform.

Not only can you trade top cryptocurrencies with OKX, but you can also earn on the platform. OKX offers several earning opportunities through Simple Earn, On-chain Earn, and Structured Products. These allow you to earn daily rewards on over 100 crypto assets. However, you must note that some products are unavailable in some regions, including the United States.

When it comes to trading bots, OKX has distinguished itself as the best crypto exchange platform where you can create your own bot or buy one. The platform features a marketplace where other users sell their trading bots. It’s an ideal place to start until you learn how to create and customize your own bot to serve you efficiently.

The trading bots allow you to test different trading strategies and improve your skills in the long run. You can use them to automate your trades and earn around the clock, even when you are not active. The bots you’ll find on the platform include smart arbitrage bots, spot DCA bots, grid sniper bots, flywheel bots, and HODL grid bots. You can also get smart recurring buy tools if you are into that.

OKX is also a leader when it comes to copy trading. The platform features spot and futures copy trading sections. Here, you’ll find several pro traders and their trading results. All you have to do is click on your preferred trader to copy the trade.

One final notable feature is that OKX supports crypto swaps. Even better, it does so with zero trading fees and no slippage.

Noteworthy Features of OKX

• ➡️ Pre-market futures: This feature or section gives you early access to trade new cryptocurrencies, just like the upcoming tokens section in Best Wallet.
• ➡️ OTC trading: OKX supports OTC trading for large-volume trades in several regions.
• ➡️ Order types: With OKX, you can use the following order types: limit, trailing stop, market, and stop-limit.
• ➡️ Loan: OKX allows users to borrow to earn and trade

What We Like About OKX and What to Look Out For

Note the following pros and cons when using OKX:

Things We Like	What to Consider
OKX offers seamless and ultra-low latency API connectivity Transactions on OKX are relatively fast compared to other crypto exchanges The trading fees are relatively low in the industry OKX is suitable for high-volume traders because of its OTC support The platform offers high liquidity for fast trades	You cannot withdraw fiat currency to your bank account KYC is required for all account levels

6. Coinbase

Coinbase offers a simple platform to buy and sell crypto with ease. It supports 18,275 crypto assets, making it one of the largest platforms you’ll find for crypto trading. Even better, you can go to the top movers section when trading. There is also a dedicated section for new listings on the platform.

You will effortlessly find current and upcoming Coinbase listings on its web or mobile platforms. The mobile platform is our top recommendation for trading crypto on the go. You can stick with the simple buying, selling, and swapping of crypto or opt for the advanced trading platform that brings pro-level charts and analytical tools.

The advanced trading section has notable tools like interactive charts and technical indicators like MA, RSI, EMA, and MACD. Drawing tools, borrowing, and staking options are also available, together with advanced order types. Most importantly, you’ll get deep liquidity for smooth trades and minimal slippage.

You can trade over 500 spot pairs in the advanced trading section. What makes it even better is that the trading fees are zero, and you can access powerful APIs. Crypto derivatives for retail investors are also available.

With Coinbase, you get zero trading fees, but that is just the start. More rewards are available on the platform, like boosted staking rewards and priority customer support. Note that these are available exclusively to members of Coinbase One.

Coinbase is our best crypto exchange in USA if you want to interact with on-chain dApps as well. For Web3, you’ll have to open a Coinbase Wallet or use the mobile app to access the dApps. The wallet allows you to store, sell, buy, swap, stake, and even mint cryptocurrencies with ease. Even better, the wallet is self-custodial, meaning you’ll keep your private keys.

Noteworthy Features of Coinbase

• ➡️ 1:1 asset storage: Coinbase does not give out user assets as loans. All your assets are securely stored in the platform’s secure locations.
• ➡️ TradingView integration: TradingView powers the advanced charts on Coinbase. That brings pro-level charting tools and customizations to your trading charts.
• ➡️ Coinbase Prime: This section covers over 240 trading assets and over 550 trading pairs. It provides unmatched liquidity and an executive trading desk, perfect for execution consultancy and high-touch trading for agencies

What We Like About Coinbase and What to Look Out For

Things We Like	What to Consider
You can earn 5% rewards by holding USDC Staking ETH, ADA, SOL, ATOM, or XTZ allows you to earn up to 10% APY There is a learning section for new players to sharpen their trading skills Coinbase supports individuals, businesses, and institutions The Coinbase Wallet supports the sale of NFTs There is TradingView integration for advanced trading and analysis	For the primary trading platform, Coinbase holds the private keys, meaning you don’t have full control There have been reports of severe crashes during peak trading hours in the past Some users have reported the unexpected freezing of their accounts without adequate explanation

7. BingX

Most platforms on this list offer trading assistants, but BingX has a few nifty features to be the best exchange to buy crypto with an AI trading assistant. BingAI is the platform’s proprietary leap into merging crypto with artificial intelligence. Both new and seasoned traders can use it for real-time analysis, trading guidance, and smart automation.

The BingAI suite provides several tools that not only help in trading but also in copy trading. You no longer have to spend hours chasing a breakout or trying to make meaning of complex charts and price patterns. BingAI is a leap forward for BingX and the trading community at large.

Now, back to trading features. BingX supports fiat deposits, and you can make deposits using bank transfer or online payments. However, the platform does not support fiat withdrawals.

Like other crypto exchanges on this platform, spot trading is available on BingX. Here, you can trade the hottest assets in minutes, but there’s more.

BingX stays up there with the very best exchange for crypto when it comes to trading new tokens. You can get the latest token releases with the launchpad, earn profits at zero cost with the launchpool, and earn points by staking assets in the Xpool.

There is a new OTC token trading platform for pre-market trading. This option is an excellent choice for large-volume trades.

BingX also supports derivatives trading. You can trade USD- and coin-margined perpetual futures. Standard futures are also available, and BingX makes them even better by offering an exclusive section for new traders.

Noteworthy Features of BingX

• ➡️ P2P trading: Here, you can buy crypto from other users directly. It also supports fiat payments, especially local payment options.
• ➡️ Grid trading: This section features spot, spot finity, and futures grid. You can use leverage to amplify your gains and profits and automate your trades to buy low and sell high.
• ➡️ Martingale feature: You can use this feature to adjust your position cost automatically. It is helpful for volatile markets.

What We Like About BingX and What to Look Out For

Consider the following advantages and disadvantages:

Things We Like	What to Consider
You can earn USDT rewards by completing simple tasks The platform typically hosts trading challenges for a limited users BingX has low and competitive trading fees The BingAI brings smart trading	BingX’s primary wallet is custodial The platform is not globally accessible like most competitors

8. ByBit

Bybit offers both an exchange and a Web3 platform. The latter allows you to interact with dApps, just as you would with Best Wallet or any of the supported wallets in other exchanges. Still, the Web3 platform offers even more, like access to over 10,000 tokens and 20 chains. You can swap and bridge these tokens, participate in airdrops, and earn up to 30% APY when you stake your assets.

As for the exchange, this is where you can buy crypto with a fiat deposit. You can also make an instant crypto deposit into your account, a feature we consider one of the best crypto exchange platform functionalities.

Bybit stands out once again as the best US crypto exchange when it comes to P2P trading. You can make payments in over 60 fiat currencies. Even better are the best rates you’ll get as you interact with other traders.

You can trade spots, futures, and options on Bybit. However, note that options trades will be settled in USDC or USDT. As for spot trading, you can get up to 10x leverage on the supported cryptocurrencies.

Besides trading cryptocurrencies, Bybit allows users to trade gold and forex using USDT. What makes that even better is that you can get up to 500x leverage on these trades. And you’ll use MetaTrader 5 for the transactions.

Bybit offers handy tools, like position builder and TradingView integration. The latter brings advanced charting and analytical tools to your trading experience. Other AI-driven features make Bybit a good contender for the best crypto exchange USA when it comes to trading customizations.

Noteworthy Features of Bybit

• ➡️ Copy trading: This feature allows you to copy not just trades from top traders, but also their trading strategies
• ➡️ TradeGPT: You can get data insights, coin analysis, and a personal investment assistant.
• ➡️ On-chain staking and savings: This feature allows users to stake their tokens and earn passive rewards.

What We Like About Bybit and What to Look Out For

Things We Like	What to Consider
Bybit supports OTC trading for large-volume trades and institutional investors The VIP program gives you access to discounts and more You can watch livestreams to get airdrops	The interface might be overwhelming for beginners

9. Binance

When it comes to trading volume, no crypto exchange beats Binance. The platform handles over $21 billion in trades daily and serves over 270 million customers across the globe. Its ecosystem includes NFTs, DeFi, and blockchain features.

Binance offers an exclusive platform for US traders. However, this platform is a much simplified trading platform that still allows you to trade against USD using USD. For broader features, you can use the global exchange platform.

You can get quick access to Web3 wallets, dApps, and DeFi using the Alpha Trading feature on the platform. Note that this feature differs from the Binance Wallet, which is a self-custodial wallet.

Binance supports spot and margin trades, where you can increase your potential profits with leverage. The leverage might not be as high as Margex’s, but you will get a decent amount and, most importantly, deep liquidity for your trades.

This platform supports the buying and selling of over 350 cryptocurrencies. However, US traders get a lower number.

You’ll find Bitcoin and the biggest altcoins on this platform. Meme coins are also available, and you can catch even more in their upcoming listings.

Noteworthy Features of Binance

• ➡️ Trading bots: You can deploy bots for seamless trading. Not only that, but you can use the bots to replicate top strategies on the platform.
• ➡️ Simple Earn: With this feature, you can earn passive income from over 300 crypto assets
• ➡️ Mining pool: You can mine for more rewards with the mining pool

What We Like About Binance and What to Look Out For

Things We Like	What to Consider
Binance has deep liquidity and provides access to many tokens The P2P platform supports trading with bank transfer and up to 800 payment options Copy trading is available	The platform supports limited tokens in the US Binance is still battling regulatory compliance issues in several regions

There isn’t much difference between how crypto exchanges work and how stock exchanges operate. First, you’ll have to set up an account with the crypto exchange to access its services. Other steps you’ll have to complete to use the exchange include the following:

• ➡️ Fund your account: For this process, you can use fiat currency on supported platforms or deposit cryptocurrencies directly. Bank transfers, credit cards, PayPal, Apple Pay, and Google Pay are some of the supported fiat payment options.
• ➡️ Place orders: You can place market or limit orders. The market orders tell the crypto exchange to buy or sell a cryptocurrency at the best market price. For the limit orders, you’ll have to specify the price.
• ➡️ Order matching: Because of the order books they maintain, the best crypto exchange USA operators will match corresponding orders. Exchanges with deep liquidity can quickly match orders.
• ➡️ Transaction execution: The transaction will be executed once the match is made. 

Best Crypto Exchange: Evaluation Criteria

When it comes to getting the best crypto exchange platform, there are certain qualities we look for. These qualities include the following:

User Experience and Interface

Consider the features available on the platform based on your trading experience. Platforms with clear, intuitive interfaces, like Best Wallet or Coinbase, are ideal for beginners. If you are an expert, then you can go for advanced trading charts like those of Binance, Bybit, or Kraken.

Liquidity and Trading Volume

When it comes to fast order executions with minimal slippage, liquidity and trading volume are crucial. The deeper the liquidity, the faster the exchange will match your orders. Also, consider the trading volume for your preferred cryptocurrencies.

Binance offers deep liquidity with the largest trading volume, making it the best exchange to buy crypto quickly.

Supported Cryptocurrencies

Coinbase supports over 18,000 crypto assets. Nevertheless, while supporting as many crypto assets is notable, the platform should also support your preferred cryptocurrencies. Most importantly, the platform should support cryptocurrencies on your preferred chains.

But, if you plan to trade a wide range of cryptocurrencies, from meme coins to AI agent coins and shitcoins, then go for the best US crypto exchange with wide crypto selection.

Regulatory Compliance

Ensure the platform complies with local regulatory laws surrounding money laundering and other financial concerns. Note that such platforms will typically require KYC verification.

But if you want something anonymous, then Best Wallet is your ideal choice. The platform is not just anonymous but also self-custodial.

Reputation

One way to know the best exchange for crypto is to review user feedback and expert reviews, like what we do on ICOBench. These experiences can help you identify common problems and which exchanges to avoid.