Top 5 Best Crypto Exchanges and Trading Platforms for Beginners

Crypto exchanges provide an online platform for buying and selling digital currencies. The market has many options, and identifying the best one can be tricky if you’re new to this type of investment.

Even so, the most popular crypto exchanges offer favorable trading conditions, varieties of cryptocurrencies to trade, and unique tools and opportunities. They have easy processes, plenty of trading tools, mobile applications, and better commission rates to help beginners to get started quickly and make profits.

This article will highlight the top 5 crypto exchanges to consider in 2023 and beyond.

1.      Binance

Changpeng Zhao founded the world’s largest cryptocurrency exchange in 2017. Both seasoned and those new to the crypto world can earn through staking, bi-currency investments, investing in promising projects, and much more. Binance is secure and offers low trading fees to both takers and makers. However, it’s not available across the world.

Pros

• An extensive range of coin selection
• Low trading and non-trading fees

Cons

• The Hong Kong-based crypto exchange is unavailable for US clients

2.      Coinbase

Brain Armstrong and Fred Ehrsam founded this easy-to-use exchange in 2102. The US-based platform is ranked among the best crypto exchange for traders at any level. The highly liquid exchange offers you a variety of cryptocurrencies and trading pairs.

It also has advanced trading capabilities, various learning materials or resources, and robust security, thus beginner friendly. You can join the Coinbase Earn program to learn how to trade specific cryptocurrencies and earn free crypto.

Pros

• More than 170 cryptocurrencies are available for trading
• Low account minimum

Cons

• The exchange charges higher fees unless you use a different Coinbase platform. i.e., Coinbase Pro

3.      Crypto.com

Bobby Bao, Chris Marszalek, Gary Ohr, and Rafael Melo founded the leading global crypto exchange in 2016. The mobile crypto exchange app offers the most extensive digital asset trading opportunities.

The app offers many features and products to enable you to buy, sell, earn interest and pay using digital currencies. Beginners looking for a seamless mobile crypto trading experience can pick Crypto.com thanks to its many options, advanced features, and strong security.

Pros

• An extensive list of tradable assets
• Lower trading fees

Cons

• A less beginner-friendly trading experience

4.      Gemini

Cameron and Tyler Winklevoss founded this crypto exchange in 2014 to enable traders to buy, sell and save their digital assets. The US-based platform is easy to use and highly secure. Gemini leads in adherent to the industry security standards. You can trade through its mobile app or use the desktop platform for your complex trades.

Pros

• It’s an extensive exchange in terms of assets
• It supports major assets

Cons

• It supports 20 cryptocurrencies

5.      Kraken

Jesse Powell founded the longest-running crypto exchange in 2011. Kraken has grown over the years and now offers traders more risky tokens such as DOGE and others. It also has other coins and tokens that seasoned investors and beginners can invest in.

Pros

• It supports varieties of crypto and tokens
• Sophisticated features such as staking and margin trading

Cons

• Limited coins and tokens to its US clients

Conclusion

Many platforms allow traders to buy, sell and store cryptocurrencies. However, they support different crypto and tokens, charge different fees, and have various features. The 5 crypto exchanges mentioned above are the best for beginners, have lower fees, and have better security. Millions of experienced traders and beginners use them for trading cryptocurrencies. You, too, can pick any of them and start trading crypto in 2023.