What are crypto exchanges?

Crypto exchanges, also known as cryptocurrency exchanges, are online platforms that facilitate the buying, selling, and trading of digital currencies. These online platforms enable users to Exchange one form of digital currency for another or convert digital currencies into traditional fiat currencies, such as the British pound, the euro or the US dollar.

Crypto exchanges operate through a combination of technological infrastructure and market mechanisms. When users join a crypto exchange, they create an account and are assigned a digital wallet for storing their cryptocurrencies. These wallets are protected by advanced encryption techniques to ensure the security of digital assets.

To start trading, users deposit their chosen digital currencies or fiat currencies into their exchange account. The exchange matches buy and sell orders from different users and executes transactions based on predetermined market rules. The prices of cryptocurrencies on the exchange are determined by supply and demand dynamics.

Crypto exchanges typically offer various trading features, including market orders, limit orders, and stop-loss orders. Market orders allow users to buy or sell cryptocurrencies at the current market price, while limit orders enable users to set their desired price for a trade. Stop-loss orders automatically sell a cryptocurrency if its price reaches a certain predetermined level, helping users manage their risk.

Popular exchanges

Some of the most well-known platforms include:

Binance – Binance is one of the largest and most widely used crypto exchanges globally, offering a comprehensive range of cryptocurrencies and advanced trading features.

Coinbase – Coinbase is a user-friendly exchange that provides a simple interface for buying, selling, and managing cryptocurrencies. It also offers additional services like a digital wallet and a secure custody platform.

Kraken – Kraken is a reputable crypto exchange known for its robust security measures and advanced trading tools. It supports a wide range of cryptocurrencies and provides options for both individual and institutional traders.

The cryptocurrency exchange list

This is not a review, and no recommendations are provided. It is crucial to conduct thorough research before deciding to invest your money in any exchange listed on this page.

eToro^↗︎

eToro was Founded in 2017 and has registered offices in Cyprus, the United Kingdom, the United States, and Australia. eToro supports 56 cryptocurrencies.

eToro Fees^↗︎

Gate.io^↗︎

Gate.io is an exchange founded in 2013. Its international platform launched in 2017 and the exchange now claims to be one of the top ten exchanges in the world. Gate.io is based in the Caiman Islands and supports over 1,200 cryptocurrencies.

Gate.io Fees

Bitfinex

Founded in 2012, Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands. Bitfinex supports 170 cryptocurrencies.

Bitfinex Fees^↗︎

Kraken^↗︎

Kraken was founded in 2011 and is one of the oldest exchanges in the space. San Fransisco based Kraken offers access to over 120 cryptocurrencies.

Kraken Fees^↗︎

Kucoin^↗︎

Kucoin, founded in 2017 in Seychelles, supports 600+ cryptocurrencies and operates in 200 countries.

Kucoin Fees^↗︎

Binance^↗︎

The biggest and most popular exchange in the world, Binance was founded in 2017 and operates from the Caiman Islands. Binance supports over 600+ cryptocurrencies.

Binance Fees^↗︎

Crypto.com^↗︎

Singapore-based Crypto.com was founded in 2016. The exchange has over 50 million customers worldwide and supports 250+ cryptocurrencies.

Crypto.com Fees^↗︎

Gemini^↗︎

Gemini was founded in 2014 in New York by the Winklevoss brothers. The exchange supports 120+ cryptocurrencies.

Gemini Fees^↗︎

Coinbase^↗︎

Coinbase is another global giant. Founded in 2012, the exchange’s headquarters is located in San Francisco. Coinbase supports 150+ cryptocurrencies.

Coinbase Fees^↗︎

Bitstamp^↗︎

Bitstamp, founded in 2011, is a cryptocurrency exchange based in Luxembourg. The exchange supports 64+ cryptocurrencies.

Bitstamp Fees^↗︎

Bityard^↗︎

Singapore-based Bityard was founded in 2019. The exchange supports 46 cryptocurrencies.

Bityard Fees^↗︎

FTX

Bahamian-based cryptocurrency exchange FTX was founded in 2019 and supported over 300 cryptocurrencies.

FTX is now closed after filing for bankruptcy in 2022.

Huobi Global^↗︎

Huobi was founded in 2013 and is located in Seychelles. Huobi supports over 400+ cryptocurrencies.

Huobi Fees^↗︎

bitFlyer^↗︎

Tokyo-based bitFlyer was founded in 2014. bitFlyer supports 9 cryptocurrencies.

bitFlyer Fees^↗︎

Poloniex^↗︎

Boston-based cryptocurrency exchange Poloniex was founded in 2014. Poloniex supports 16 cryptocurrencies.

Poloniex Fees^↗︎

Liquid^↗︎

Liquid was founded in 2014 in Tokyo. Liquid supports 100+ cryptocurrencies.

Liquid Fees^↗︎

Bittrex^↗︎

Seattle-based Bittrex was founded in 2014. Bittrex supports over 440 cryptocurrencies.

Bittrex Fees^↗︎

BitMex^↗︎

BitMex was founded in 2014 and is based in the Seychelles. BitMex supports 18 cryptocurrencies.

BitMex Fees^↗︎

CoinList^↗︎

CoinList was founded in 2017. The company is headquartered in San Francisco, California. CoinList supports 40+ cryptocurrencies.

CoinList Fees^↗︎

Uphold^↗︎

New York based cryptocurrency exchange Uphold was founded in 2014. Uphold supports 130+ cryptocurrencies.

Uphold Fees^↗︎

Coinjar^↗︎

Coinjar, founded in 2013, is a Melbourne-based cryptocurrency exchange. Coinjar supports 50+ cryptocurrencies.

Coinjar Fees^↗︎

Phemex^↗︎

Phemex was founded in 2019 and is based in Singapore. Phemex supports 286+ cryptocurrencies.

Phemex Fees^↗︎

Coinsmart^↗︎

Toronto-based exchange Coinsmart was founded in 2018. The exchange supports 16 cryptocurrencies.

Coinsmart Fees^↗︎

OKX^↗︎

OKX is a Seychelles-based cryptocurrency exchange founded in 2017. OKX supports 343 cryptocurrencies.

OKX Fees^↗︎

ZB.com^↗︎

Chinese exchange ZB.com was founded in 2017 and supports over 200 cryptocurrencies.

ZB.com Fees^↗︎

Bybit^↗︎

Bybit was founded in 2018 and is based in Singapore. Bybit supports 180 cryptocurrencies.

Bybit Fees^↗︎

Bitmart^↗︎

Bitmart was founded in 2017 and currently operates from the Caiman Islands. Bitmart supports over 1,000 cryptocurrencies.

Bitmart Fees^↗︎

Choosing a cryptocurrency exchange may seem like a daunting task, but with proper research and attention to detail, it can be straightforward. Always ensure that you read the fine print before committing to an exchange. Security should be a top priority when choosing an exchange, especially given the increase in security breaches on cryptocurrency platforms. It is recommended to select an exchange that is fully insured and has the capability to cover all losses in the event of a cyber attack.