Top 10 Best Crypto Trading Platforms
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Cryptocurrency made the leap from being a niche concept to something actually reshaping the financial industry. Plus, the unprecedented growth of most coins in 2021 suggests that crypto is here to stay. This is why more people are coming to the market, and more trading services start to pop up.If you’re thinking of entering the crypto trading space, we’d like to help you find the best crypto trading platform. We’ve reviewed ten services and detailed everything you need to know about them. Our team dug deep and found great platforms, some of which handle huge transaction volumes and some of which are less mentionable hidden gems.
What Is a Crypto Trading Platform?
Crypto trading platforms facilitate the online interchange of a digital currency for another. These services also enable the exchange to fiat-to-crypto and vice versa.
There are various kinds of crypto trading sites, and not all of them operate on the same basis. You’ll see the differences as we go through the best services one by one. But for an easier understanding, think of it as an all-in-one solution where you can deal in one currency against other currencies. And during the trade, you’ll be charged a little percentage payment for platform usage.
Best Crypto Trading Platforms: Our Curated List
The crypto market is heating up and getting more competitive. And you might have heard horror stories of hackers swindling traders of their gains. Putting the two and two together, it’s very hard to know who you can trust with your crypto funds. This is where we come to help.
Without further ado, let’s find out the best platform to trade cryptocurrency, or, even more interestingly, top 10 platforms!
Binance is a leading cryptocurrency exchange that exploded onto the scene in the mania of 2017. As stated on the website, they operate the world’s “biggest Bitcoin exchange and altcoin crypto exchange by volume”. This fact alone deserves some attention from prospective traders.On average, the exchange settles more than USD 2 billion and has over 15 million users globally. Also, Binance has a suite of related products, such as Binance US, DEX, JEX, Futures, Launchpad, and many more.
Binance operates on a maker-taker fee structure and charges a 0.1% commission from all trades placed on the platform. These fees apply to both spot trading and margin trading. If you use Binance Coin (BNB), you can get a discount of up to 25%.Check three out of many positive reviews from TrustPilot, highlighting some of the best features of the platform.
Binance is known for the range of supported currencies, including, but not limited to, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Ethereum Classic, EOS, Dash, Litecoin, NEO, Zcash, Dash, Ripple, and more.The multi-platform support is provided by the access via the web platform, desktop clients for macOS, Windows, and Linux, and mobile apps for Android (including Android APK) and iOS.
Binance is great for people with active trading strategies and that aren’t afraid to use technical tools. While there are modes for less-experienced traders, Binance excels at advanced features the most. Neither the basic nor the advanced versions are suitable for complete beginners.
PrimeXBTPrime XBT offers a powerful platform loaded with essential trader tools. According to the company statement, their goal is to equip users with the basic tools for daily trading activities. In other words, it aims to provide a smooth introduction into crypto trading without overcomplicating the process for newbies.
Below are two short but informative reviews. The overall sentiment from real users is a resounding “highly recommend”
The software support five crypto assets that are kept in a secure offline environment:
PrimeXBT has some of the lowest fees in the niche. For example, for a BTC/USD currency pair, the trading fee is 0.05%, the long and short positions are charged at -$3.9 per 1 BTC. Or ETH/USD is set at a 0.05% fee and -$0.13 per 1 ETH for holding positions.
PrimeXBT can definitely benefit from adding more trading instruments, educational materials, and a contact telephone number. Still. It doesn’t take away from all the advantages the service offers. The trading platform is easy to use, so it’s a solid offering for traders with different skill levels.
eToroeToro is a multi-asset brokerage that has made its name through its social investing platform. Users who aren't well-versed in crypto can access premade portfolios or cryptocurrencies, similar to services offered by robo-advisors through traditional brokers. Now, eToro reportedly has more than 13 million users in 140 countries worldwide.
If you’re interested to know about real-life experiences with Etoro, we found some accounts that shared their opinions on it.
Currently, eToro supports the purchase and sale of 15 coins. In addition to the standard popular currencies, you’ll also find:
What is unusual about eToro, and not in a good way, is the inactivity fee. After a year of inactivity, the account will be charged $10/month. So, you need to be strategic about your trading activity to avoid getting unnecessarily charged. For purchasing crypto, the minimum buy order value is $25. And to access the CopyPortfolio feature, the investment must be at least $2,000.
What can make eToro the best cryptocurrency trading platform? It’s a one-stop-shop for all investing needs with no specific skill level in mind. There are some downsides like additional expenses, but overall, the software does its job efficiently.
3Commas3Commas is a trading software that provides a wide range of useful tools. The service is advertised to help anyone interested in adding automated trading to their cryptocurrency trading protocols. They are partners with major exchanges and facilitate smooth fiat-to-crypto and crypto-to-crypto exchanges.
Here are some praising comments as well as some criticism that you probably want to know about.
3Commas has three pricing tiers: Starter, Advanced, Pro. The biggest difference is simple bots only become available from the second tier. Features like complex bot and portfolio management are only offered in the Pro plan for a monthly fee.Members get access to the 3Commas trading school, which includes all functionalities of the platform, four courses covering crypto basics, trading strategies, and guides on how to build a trading bot. Plus, there is an active learning community where fellow traders can discuss ideas.
While the smart trading features and intuitive dashboard are all targeted at manual trading, 3Commas is best suited to aspiring bot traders. But some of the bots can be difficult to use, especially for new traders, so it’s best to approach the service with some understanding of the topic.
LibertexLibertex is a platform offering a simple way to trade on the value of a massive number of cryptocurrencies. It has managed to amass a lot of clients worldwide and a strong presence in 110 countries. One of the main attractions of Libertex is the ability to trade without paying any spreads.
Here are a few seemingly inexperienced traders that have tried using Libertex.
The fees for digital currencies, which are considered higher-risk markets, can be as high as 2.5%, which is huge. However, more liquid pairs (e.g., BTC/USD) have lower fees, sometimes less than 0.5%.But there are two types of additional fees that users should be aware of:
Libertex offers a selection of 40 crypto coin pairs, including major ones like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
Libertex is a great choice if you’re planning to become an active trader. There are plenty of tools to support implementing and building usable strategies on very favorable terms. For casual traders, the fees might become overwhelming.
BitQS is a cryptocurrency trading system that targets newer members of the crypto community. The reason is that it doesn’t overcomplicate the trading process. As a user, you still need to have some knowledge of the market and some terminology, but you won’t be required to do most of the work.
The BitQS platform handles your assets automatically based on the trading settings set by you. The underlying algorithm scans the market for potentially profitable trade signals. In fact, there are about 200 algorithms that guide the trading decisions, all working at the same time to gauge each trading session accurately.The algorithmic feature serves multiple purposes, including:
Take a look at these customer reviews and see whether you’re looking for the same thing in a trading platform.
As you can probably tell, the biggest appeal of the platform is the combination of algorithms and artificial intelligence. Compared to manual trading, it’s a more convenient way to enter the market - you don’t need to oversee it yourself. However, the bot can still make mistakes, so it’s not completely risk-free.
Another thing worth pointing out is customer service. Some reviewers noted that they’d been facing some technical difficulties and contacted BitQS customer support. The specialists were very quick to respond. Overall, the service is very useful for beginners that aren’t quite confident in their trading abilities.
The next one competing for the ranking title of the best platform to trade cryptocurrency is Bitcoin Era. It is a trading software that processes the fluctuating crypto market data and generates trade signals. The service hasn’t been on the market for a long time, but the technologies behind it have shown great results so far.
Despite what the name might suggest, the list of cryptocurrencies in Bitcoin Era is not limited to BTC alone. The list of available cryptocurrencies consists of:
As for the trading bot, the list of supported pairs is much shorter: BTC/USD and BTC/EUR. While the range is small, you shouldn’t be discouraged - these two trading pairs are by far the most exciting areas of the crypto market.Here are several reviews to give you a further idea of the platform.
Some users claim that their daily profits reached as much as $900 in one session. It’s impossible to verify that information, but it’s still a good sign. The more people share their experiences, the more data you have to make the right decision.
The website warns about using leverage. Even though it can potentially bring bigger gains, it should be exercised with caution. This is mainly due to the fact that the bot is operating without human intervention - users don’t have full control over trading activities.
Crypto EngineCrypto Engine was created in 2018 and paved its way through the competitive and highly lucrative industry. This trading software discovers small fluctuations and trends in the crypto market via constant monitoring. The bot helps avoid human error and continues to learn based on its past decisions and actions.
The platform prioritizes altcoin support, so you’ll find not only big industry names but also smaller coins. Just to name a few, you can trade Ethereum, Bitcoin Gold, Monero, ZCash, Golem, Lisk, Ripple, and Status.
Below are a couple of reviews we’ve taken from TrustPilot.
If you want to be extra confident in the bot, try to spend about 20-30 minutes a say supervising it. This way, you will catch the right moment to adjust the parameters. Alternatively, as we mentioned, you can set a stop loss to close the position before it’s too late.
Fundamentally, Crypto Engine was designed with traders in mind. By improving the bot under different trading conditions, developers managed to build an agile bot. The stated efficiency is very high, but it's best to test the demo mode's functionality before investing.
With an estimated win-rate of 92%, Profit Bitcoin had to be on this list. The platform employs an innovative multiplex method to detect market trends and executes trades that meet the conditions specified by the trader. Any strategy that does not work as planned can be replaced or tweaked.
The team behind Profit Bitcoin reportedly consists of crypto traders, software engineers, and business analysts with plenty of experience in the industry. The website even shares a story of how they initially teamed up to create a bot for themselves. But after finding huge success, they decided to make it public.
Some of the most popular trading pairs are:
As per usual, let’s see what real traders think about this software.
Profit Bitcoin doesn’t charge users for opening and maintaining accounts (including deposits and withdrawals), but technically, it’s not commission-free. The service discloses that it charges a commission on the profit you make. The fee is deducted automatically from your account.
Similar to other platforms on the list, there are demo and live trading modes. This means that testing the functionality and efficiency of Profit Bitcoin can be done in a safe environment. If you have a question or concern, feel free to get in touch with the customer support team.
The final service that can be considered the best trading platform for cryptocurrency trading, or at least one of them, is Bitcoin Trader. In line with several other honorable mentions in this article, this system allows everyday people to become a part of the crypto trading community.
Bitcoin Trader works via an already familiar system. It removes the painful process of analyzing trends and patterns and entering and exiting positions on time and does it for you. According to the website and user reviews, it is designed for a high return on investment and has a win-rate of 93%.
This is what traders that have tried this platform have to say.
If you don’t have an account yet, you should know that the entire registration process takes 20-25 minutes from start to finish. You won’t need to deal with paperwork or long forms. In fact, the information you do need to provide will take a few minutes to enter. You’ll only need to wait for a verification email. Once it’s done, you can place trades right away.
The service claims to facilitate consistent profits. It doesn’t mean that traders don’t experience any losses, it is simply impossible. But the testimonials suggest numerous users are making passive income with the platform. For more information, you can contact the helpdesk at any time.
How to Choose a Crypto Trading Platform in 2021: Tips and Main Criteria
Even though you now have our expert recommendations for the best crypto trading platforms, you should know what to consider when choosing one. There is inherently a degree of trading risk, so you want to minimize it by connecting to a reliable service.
Below are essential factors that you should assess right off the bat.
This type of trading and investing is still comparatively new, and there is a lot of apprehension around it. But even if a platform hasn’t been on the market for a long time, you can still find information on it.
Research the platform’s founders, their backgrounds, read the terms and conditions, look at their social media, and simply read articles and news snippets with the platform’s name mentioned. At this point, you don’t need to register - here, you’re letting Google do the work.
One crucial and reliable source of information in terms of reputation and transparency is customer reviews. Type in the platform on TrustPilot, for example, and see first-hand experiences. Obviously, you want to find overwhelmingly positive reviews. But if you do find the negative ones, it’s up to you to decide whether the criticism is serious enough to turn you away.
The fees aren’t a bad thing. They help drive innovation, bring better features, and ensure smooth operation of the platform overall. So, don’t be discouraged if you see some sort of fees.
What’s more important is to look at the fee structure and all fees charged. Some platforms have tiered structures, where fees are lowered as the transaction volume increases. However, this ultimately depends on your planned activity:
Try to uncover all costs or commissions for different actions, both trading and non-trading. For example, a platform may charge high fees for depositing fiat currency but have better conditions for crypto coins. Reliable platforms don’t have anything to hide - everything should be laid out on the website.
Practically all traders do it with the goal of growing their funds - if the platform can’t keep them safe, there is no point in using it. One of the main selling points of crypto, in general, is security and anonymity. And a crypto trading platform should support these values as well.
When you sign up, there shouldn’t be any requirement to reveal personal information. Every transaction that takes place on the blockchain can be traced back to the address without your identity exposed. The platform doesn’t need to ask anything about your identity because it connects users directly in order to place and fill orders.
Choose a platform that corresponds to your trading situation at the moment. Sure, you want to have room for growth, but you also want to pay for the functionality you can actually use.
First of all, look at the basic features, such as the kind of trading orders it supports, available cryptocurrencies, availability of automated trading, etc. For beginners, it’s best to start with something simpler. Test how many functions you are going to use - if it’s a minuscule percentage, it’s not worth it. As you learn more about trading, you’ll be able to handle more.
If you’re already an experienced trader, a sophisticated platform will be a better choice. You probably already know what specific features you’re looking for. Therefore, it might even be an easier pick.
If you’re completely new to trading, you might not know that different platforms offer different asset prices. It’s very easy to assess. Just pick one asset and compare its price on the platforms you’re considering. These discrepancies are important to understand which platform is prone to volume loss and low liquidity.
The primary explanation in ranging prices across different platforms is the fact that there is no standard price on any crypto. As a decentralized digital currency, it’s not tied to any fiat currency, country, or exchange. Different platforms may have different levels of supply and demand, so the prices fluctuate as a result.
UI and Ease of Use
Design and usability can make a big difference in how successfully you can navigate the crypto market. Especially if you’re a beginner, a poorly designed interface can cost you real money. In this case, a basic or intuitive design is your best choice. All the charts and orders are complicated as is, and you don’t want to be confused any further.
For more experienced users, a more complex interface is acceptable. There is not as much risk to click the wrong button or open the wrong chart. The main idea is to pick a platform where you can understand and efficiently use all the buttons and options.
Our list covers top cryptocurrency trading platforms but keep in mind that there are many ways to go about trading Bitcoin or other cryptocurrencies. Start by understanding your goals. Goals offer direction and something to aim for when choosing a platform.
For example, some want to get into the nitty-gritty details of trading, such as developing custom strategies. This means there is a greater emphasis on the trading features and customization of the platform. Others want a casual, effortless type of trading, perhaps automated. These traders will be looking for easy-to-understand interfaces and bots with high profitability rates.
The bottom line is that crypto trading is suitable for traders of all skill levels. You just need to find the right platform that meets your personal needs. Look through descriptions of suggested platforms and choosing criteria, and take your pick. It’s high time to get into crypto trading - don’t waste this lucrative opportunity!
Answers to the most buzzing questions are down below.
What's the Best Crypto Trading Platform?
Would it be so convenient if such a thing existed? In reality, there are many high-quality platforms, and we went into great detail about them in this article - from Binance to Bitcoin Trader. Any of them can become the best for different types of traders. To find out, check the demo versions of each platform.
Which Crypto Exchange Has the Lowest Fees?
Platforms operate in different fee structures, tiered, maker-taker, only for some trading or non-trading activities. Out of the platforms featured on our list, Prime XBT and BitQS are definitely worth mentioning.
Which Crypto Exchange Is the Safest?
All platforms listed employ robust security procedures and protocols. But these websites and applications may have different approaches. For example, Binance has recently strengthened its security and created SAFU (Secure Asset Fund for Users), which is set aside from fees for compensation settlements. Libertex doesn’t have such measures in place, but it does emphasize encrypted SSL certificates to protect personal data.