Best Crypto Trading Platforms (Rated & Reviewed for 2023)
The world of crypto is ever-changing. Regardless of its rise and fall, traders are keenly interested in investing and making profits.
With a huge number of trading platforms available in the market, it isn’t easy to decide where to start. So, to relieve you from the stress, this post will summarize the best crypto trading platforms to start trading in 2023.
Here’s a list of the 5 best crypto trading platforms:
ByBit
Bybit is a reliable trading platform with 10 million registered users. It’s perfect for beginners and expert-level traders.
Binance
Binance is a world-famous trading app holding 350+ cryptocurrencies. With over 120 million registered users.
eToro
eToro is more like a community where you can learn and share your trading experience with others.
BitYard
BitYard entertains 500,000+ users from over 150 countries. You can buy and sell ETH, LTC, DOGE, BTC, and many other altcoins on BitYard.
Gate.io
Gate.io one of the oldest crypto-to-crypto exchanges, with over 1400 cryptocurrencies to trade on the platform
They are chosen based on their functionality, the number of cryptocurrencies available, products, customer support, and much more. So whether you’re a beginner or an expert, choose a platform from the list and start trading instantly!
1. ByBit
ByBit is the best cryptocurrency platform for beginner and expert-level traders.
Thomas’ Take
Bybit is a reliable trading platform with over 10 million registered users. It’s perfect for beginners and expert-level traders. Bybit’s cryptocurrency platform includes safe, fast, fair, high-end infrastructure. Several cryptocurrencies, including BTC, USDT, ETH, XRP, etc., are listed on the platform for trading.
Impeccably the best Crypto Trading Exchange for both Swing trading and Day trading Cryptocurrencies.
You can trade in spot pairs at zero fees. The platform support RUB, BRL, ARS, EUR, GBP, and TRY as fiat currencies. ByBit works in Southeast Asia, Russia, Japan, South Korea, and Europe. There’s no need for a minimum deposit, and you can start derivatives and crypto trading right away. You’ll also get up to 4030 rewards after signing up for Bybit!
PROS:
- PC and mobile-based applications to start trading
- Zero fees on all spot pairs
- Sign-up bonuses
- Multilingual customer support is available 24/7
- No KYC Required on this Exchange
CONS
- KYC verification is required to participate in Bybit Earn or to withdraw up to 100 BTC/day
- Limited trading pairs
Best For
Signup Bonuses
Price
FREE or Upgrade to premium
Ease of use
Easy to use
Free Trial
Yes
Our second option is:
2. Binance
You can trade and purchase 500 different coins on SimpleSwap.
Thomas’ Take
Binance is a world-famous trading app holding 350+ cryptocurrencies. With over 120 million registered users, Binance is one of the few platforms that only charges 0.10% transaction fees. In addition, they also charge zero trading fees on selected Bitcoin (BTC) sport trading pairs. Some of the most popular cryptocurrencies available on Binance include BNB, BTC, ETH, GAL, and GMT.
The app is known as the best platform for serious traders. You can create your crypto portfolio here without paying extra for anything. All you need to do is verify your identity, fund your account, and start trading instantly. Binance offers advanced data encryption, high-level security for funds, and personalized access control to traders.
PROS
- Easy, simple, and fast trading platform
- Lowest transaction fee among many platforms
- BinancePay allows sending and spending crypto without any fees
- 24/7 chat support
- Exceptional security for traders to secure funds
- Synch perfectly with most Tax Crypto software
CONS
- Complex to use for beginners
- No built-in digital wallet
Best For
Robust Security Protocols
Price
FREE or Upgrade to premium
Ease of use
Simple to use
Free Trial
Yes
3. eToro
eToro is a beginner-friendly trading platform with 60+ cryptocurrencies to trade.
Thomas’ Take
If you’re a beginner wanting to start your investment journey, then eToro is where you should begin. It’s a beginner-friendly trading platform with 60+ cryptocurrencies to trade. To build your portfolio, you can also buy stocks and ETFs on eToro at 0% commission. eToro is available in about 100 countries as well.
eToro is more like a community where you can learn and share your trading experience with others. You can even use the eToro’s CopyTrader ™ service to replicate your favorite investor’s moves in real-time automatically. It’s a social, reliable, and secure platform, perfect for beginners with global reach.
PROS
- A diverse community with thousands and millions of investors to share ideas and learn new strategies.
- Works in about 100+ countries
- Easy-to-use app and trading platform
- ETH, BTC, and 60+ cryptocurrencies are available
- CopyTrader ™ allows replicating investors’ moves in real-time
CONS
- The platform charges high non-trading fees
- Not good customer support
Best For
Diverse Community
Price
FREE or Upgrade to premium
Ease of Use
Easy to use
Free Trial
Yes
.
4. BitYard
BitYard is a simple and easy-to-use platform.
Thomas’ Take
For beginners, trading can get confusing, but this BitYard makes it all convenient. This trading platform entertains 500,000+ users from over 150 countries. You can buy and sell ETH, LTC, DOGE, BTC, and many other altcoins on BitYard. They also have a native cryptocurrency, BYD, used for promotions and trading fee discounts.
You can start trading on this platform with just 5 USDT and pay about 0.05% only per trade. There’s no forced KYC verification required, plus it’s regulated in four jurisdictions. All you have to do is sign-up on BitYard, make a deposit, and start trading without any issues.
PROS
- Low trading fees than other trading platforms
- Greatly regulated—good security
- Easy-to-use and beginner-friendly UI
- Good promotions are available
CONS
- Relatively new to other trading platforms
- Limited fiat deposit and withdrawal options
Best For
Low Fees
Price
FREE or Upgrade to premium
Interface
Medium Easy
Free Trial
Yes
5. Gate.io
Gate.io offers many different types of cryptocurrencies for trading.
Thomas’ Take
Last on the list of top trading platforms is Gate.io. It’s one of the oldest crypto-to-crypto exchanges, with over 1400 cryptocurrencies to trade on the platform. You can do spot trading, margin lending or borrowing, and other advanced financial trading on Gate.io. However, you will have to pay about 0.07% of the trade as a trading fee, which is higher than other trading platforms.
It has a rather clustered design, which is not ideal for beginners. However, they offer a New Use Guide on their platform to make traders equipped with the platform’s nitty-gritty. It’s also security-savvy, with several built-in mechanisms to protect users’ identity and investment.
PROS
- Excellent customer support
- Over 1400 cryptocurrencies are available on the platform
- Highly reliable and secure than other platforms
- 10 million+ worldwide users
CONS
- High trading fees
- KYC verification is required
- Clustered interface, not good for beginners
- No fiat deposits
Best For
Reliable Customer Service
Price
Depends on Transaction amount
Interface
Super easy
Free Trial
Yes
Conclusion
So, which platform will you choose for trading?
eToro, ByBit, BitYard, Gate.io, and Binance entertain millions of monthly users and generate trading volume in billions. However, not all these platforms are for everyone.
If you don’t understand crypto trading, we highly recommend you start with beginner-friendly platforms first. It’s a safe ladder and does not subject you to any potential losses.
For experienced traders, you can choose either, but it’s best to use a secure platform if you trade in high volume. Also, select the ones offering exceptional and multilingual customer support in case you’re surprised by a problem in the future!
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