Cryptocurrencies have seen enormous investments pouring in over the past few years. From humble beginnings in 2009, these decentralized digital monies have changed the way people perceive a currency and provided a novel form of trading for new investors of the generation. As the number of cryptocurrency investors is exponentially growing, there is a continuous hunt for the best exchange sites for one to trade on. These exchanges need to be not just trustworthy but cost-effective for those who’d like to trade on a regular basis.

Coinbase
Coinbase is one of the biggest and largest exchanges for cryptocurrencies like Bitcoin. This exchange is available in over 100 countries with 30 million users. Many exchanges in the market have defrauded beginners, but Coinbase has consistently proven to be trustworthy. You are offered a custodial wallet that is insured against hacks and breaches, making it for safe storage of investment. This exchange is ideal for new investors thanks to the simple user interface and a variety of altcoin options. For an even better experience, Coinbase Pro is highly recommended but only for those who trade on a full-time basis.

Kraken
Kraken is one of the longest-running trusted exchanges that are great for buying and selling crypto. This exchange is preferred by the more experienced users as they can conduct spot and margin trading. Additional over-the-counter services include access to a dedicated account manager for high-volume traders (above $100,000) who make trades for them as well as stakes choices where investors can earn returns on crypto assets. Kraken offers approximately 40 currencies for trade on their exchange, including Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), and Ripple (XRP). It accepts fiat money in USD, euros, Canadian and Australian dollars, British pounds, Swiss francs, and Japanese yen only.

Binance
Founded in 2017, Binance has made its name as a trusted exchange for buying and selling crypto pretty quickly. This exchange has a lower fee structure than those of other competitive exchanges and offers about 50 different cryptocurrencies to invest and sell. On the flip side, Binance is designed for more experienced users and offers 100 trading pairs, which is far less than those offered by other exchanges. Unfortunately, despite having a huge global presence, this exchange is not supported in 17 US states and is banned in the UK. Binance allows exchanges only in USD via SWIFT, but users can deposit money through credit and debit cards or 12 other fiat currencies including the euro. Binance is a great option for someone who wants advanced charting and data options.

Bittrex
Bittrex is an exchange that is well known in the market for security, speed, and stability. It has a good rating on the user interface, no hangs or lags, and automated features like stop-loss, ladder limit, as well as instant buying and selling options. However, Bittrex does not have good customer support and no margin-trading option. One of the main features of this exchange is the Bittrex Credits that are airdropped to eligible recipients, allowing for commission-free trade. Bittrex also has a smartphone app available on Android and iOS. Verified users in and outside of the US can trade, withdraw, and deposit in USD, with more than 400 altcoins available for trade on this exchange.