Trading fees: 0.0 to 0.2% maker 0.0 to 0.5% taker 1.5% instant buy.US availability: All states except Hawaii, New York or Washington.Coinbase’s first-quarter earnings report raised eyebrows with a new disclaimer stating that custodially held crypto could be used to pay creditors in the case of the company going bankrupt. Balances of US dollars held in Coinbase accounts are insured by the FDIC, and Coinbase maintains a private insurance policy worth $320 million overall for crypto assets it holds.
We think the platform’s ease of use and simplicity are worth the higher fees, only if you plan to make infrequent and relatively modest transactions.Ĭoinbase says it keeps 98% of its crypto assets in cold storage - a method for holding crypto tokens offline - and says that it has never lost any user funds. As a public company, it’s among the most established, well-capitalized and popular players - but you’ll pay for the privilege, with trading fees that are higher and somewhat more complicated than other exchanges. Straightforward and simple, Coinbase provides an intuitive and streamlined experience that makes it easy to buy, sell, trade and send bitcoin, ether and a variety of other cryptocurrencies. US availability: All states except Hawaii.Our “number of supported tokens” data is based on data from each exchange’s website as of June 30, 2022. Note: Crypto exchanges add and delist crypto tokens on a regular basis. We’ve got what you need to help you choose the best crypto exchange for you. Our top picks for the best crypto exchanges will serve a wide range of investors - whether you’re a beginner looking for an easy on-ramp to crypto, or you’re a high-volume trader looking for the lowest “maker” and “taker” fees in the market. As with any investment, high fees can erode returns over time, and some exchanges offer more competitive fees than others. Here, we’ll focus on the basics, highlighting the exchanges that make it easy to sign up, get started and carry out transactions without getting fleeced on fees. (It’s worth noting that the safest place to hold your crypto is in a cold storage wallet that you control exclusively.) Some investors may desire more advanced features from crypto exchanges, including the ability to earn interest, access more esoteric forms of crypto or buy, store and display NFTs. The best crypto exchanges will hold your crypto securely, provide you with unfettered control over your assets and make buying, selling, sending, receiving and trading crypto simple and affordable. Crypto exchanges make it fairly simple to trade all sorts of crypto tokens and coins. There are plenty of reasons why, but in its rawest and most decentralized form, cryptocurrency is relatively unfriendly to obtain and use. It’s more essential than ever to find a trusted and stable platform if you want to buy, sell and trade crypto.Ĭrypto exchanges are where most crypto traders buy and sell bitcoin, ether, dogecoin and other types of cryptocurrency. While governments are stepping up their efforts to regulate crypto, scams continue to plague crypto investors. Cryptocurrency markets continue to evolve and grow, even during one of the biggest price crashes the industry has seen yet.