Best Crypto Exchanges And Apps For November 2024

Benzinga found that Coinbase, eToro and Robinhood are some of the best cryptocurrency exchanges for this month.

As the world of digital assets continues to evolve, choosing the right crypto exchange is a critical initial step for investors eager to navigate this dynamic market. With a myriad of crypto trading apps and platforms available, it is essential for investors to carefully evaluate various factors to find the best fit for their needs. The best cryptocurrency exchanges offer user-friendly interfaces, strong security, and support for various cryptocurrencies. Advanced trading features, such as margin trading and automated trading bots, can also enhance trading strategies, making them attractive to more experienced investors. Reliable customer service also plays a crucial role, providing essential support to guide users through the complexities of cryptocurrency investments and ensuring a smoother trading experience.

Benzinga compared the features of the top crypto exchanges for this month to help you find the perfect fit for your crypto trading journey.

Quick Look at the Best Crypto Exchanges and Apps:

• Best for Trading Ideas: Public.com
• Best Crypto Exchange for Crypto CFDs: Plus500
• Best Crypto Exchange for Active Traders: PrimeXBT
• Best Crypto Exchange for U.S. and Canada: Coinbase
• Best Crypto Exchange for Social Trading: eToro
• Best Crypto Exchange for Credit Card Users: Paybis
• Best Crypto Exchange for Beginners: Robinhood
• Best Crypto Exchange for Altcoins: Gemini
• Best Crypto Exchange for Bitcoin: Cash App

Top 9 Best Crypto Exchanges and Apps

To help you make an informed decision, here's a list of the top-rated exchanges and crypto trading platforms today.

1. Best for Trading Ideas: Public.com

Public.com, through its partnership with Bakkt Crypto, offers a seamless and secure way to invest in cryptocurrencies while automating your investment strategies. With Bakkt Crypto, investors can schedule recurring investments in a single cryptocurrency or a custom combination of tokens, providing an easy way to navigate the often-volatile crypto markets. You can set up automatic investments on a daily, weekly, biweekly or monthly basis, enabling you to take a dollar-cost averaging approach and manage risk over time.

Public provides the insights and analysis needed to inform your crypto investing strategies, ensuring you have access to the data that matters when managing your portfolio. Whether you're new to crypto or an experienced trader, Public equips you with the tools to make informed decisions in a fast-moving market.

It's important to note that cryptocurrency services on Public are provided by Bakkt Crypto, which is a licensed virtual currency business regulated by the New York State Department of Financial Services. Your Bakkt Crypto account is distinct from your brokerage account with Public Investing, which holds your cash and traditional investments, such as stocks and ETFs. Public Investing is a registered broker-dealer and FINRA member, but it does not offer direct cryptocurrency trading or custody services.

In addition to its crypto offerings, Public.com allows investors to diversify their portfolios across stocks, ETFs, options and bonds making it a comprehensive platform for all your investment needs.

Why We Picked It: Because Public.com is easier to use and understand, it helps investors get into crypto (and other investments) at their own speed.

2. Best Crypto Exchange for Crypto CFDs: Plus500

Founded in 2008 and based in Israel, Plus500 is known for its online trading of contracts for difference (CFDs) through a proprietary platform available via the web and mobile apps. Plus500 operates subsidiaries across Europe and Asia-Pacific, regulated by relevant authorities. Since U.S. traders cannot access CFD services, the company recently launched TradeSniper, a futures trading platform for U.S. traders. Plus500 Ltd is publicly listed on the London Stock Exchange and is part of the FTSE 250. The London-based regulatory authority authorizes it. Plus500 offers CFD trading on forex, stock indexes, shares, commodities, ETFs, options, and cryptocurrencies in over 50 countries. It was the first broker to introduce Bitcoin CFDs in 2013 and provides access to options CFDs for speculative trading.

Why We Picked It: Plus500 caters to individuals seeking access to a wide range of financial markets with low trading costs and a user-friendly platform. Offering over 2,800 CFDs with competitive spreads and no commissions, Plus500 is ideal for experienced traders who prefer manual transactions. Plus500 offers guaranteed stop-loss orders for added risk management.

3. Best Crypto Exchange for Active Traders: PrimeXBT

PrimeXBT offers a crypto trading platform that provides you with a world of options, including their copy trading section called Covesting. While only around 20 crypto tokens are offered on the site, you can easily get settled on this platform and learn from other investors, study the markets, review current news and information and choose the trading platform that works best for you.

Promotions are available for traders who check back often, and you can spend as much time as you need learning from the best so that you can grow your portfolio with care.

Why We Picked It: PrimeXBT is interesting in this space because it allows you to copy trade while also making it possible to invest in items outside of crypto. Yes, it may be available in the U.S., but it offers the most popular cryptocurrencies on an easy-to-use platform.

4. Best Crypto Exchange for U.S. and Canada: Coinbase

Coinbase is one of the largest cryptocurrency exchanges operating in the U.S.A., Canada, and several other countries. With an account minimum of only $2 or $5, depending on the type of transaction activity, it’s accessible for new users. Coinbase encourages beginners to learn about their investments through its “earn while you learn” program, which includes video classes and exams that reward participants with cryptocurrency. The exchange also supports crypto staking, allowing users to earn yields by locking up their digital assets for proof-of-stake validation. Customer support is a vital feature of Coinbase, offering an online help center, chat system, and live phone support.

Coinbase provides three different crypto wallets for storage. The Coinbase Wallet is a hot wallet supporting numerous assets, while the Coinbase dApp Wallet and the default wallet on Coinbase Exchange offer additional options for secure storage.

Why We Picked It: Coinbase provides excellent options for every kind of trader. Additionally, unlike many cryptocurrency exchanges, Coinbase is available to investors in the U.S. and Canada, making it a versatile choice for North American users.

5. Best Crypto Exchange for Social Trading: eToro

eToro was founded in 2007 in Tel Aviv by brothers Ronen and Yoni Assia, along with co-founder David Ring, initially as a forex trading platform. In 2010, eToro introduced its signature social trading feature, allowing users to replicate the trades of successful traders. By 2013, eToro had added stock trading to its offerings and became one of the first brokers to support Bitcoin. In 2017, it expanded its cryptocurrency trading portfolio and entered the U.S. market the following year. Today, eToro serves over 30 million customers in 100 countries, offering access to more than 6,000 different financial assets, including cryptocurrencies, stocks, ETFs, and more. The platform provides access to a rage of features such as trading, options trading, social trading, cash management, portfolio automation, and fractional share investing. In the United States, eToro customers will only be able to trade Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH) following the settlement agreement with the Securities and Exchange Commission (SEC) in September 2024.

Why We Picked It: eToro is a leading multi-asset online brokerage and social trading network, allowing users to easily trade cryptocurrencies and replicate experienced traders' trades. It distinguishes itself with an intuitive user interface, making it accessible and user-friendly for beginners. This platform integrates traditional and cryptocurrency trading, offering a comprehensive trading experience. 

6. Best Crypto Exchange for Credit Card Users: Paybis

Established in 2016, Paybis operates in over 180 countries, including 48 U.S. states, and is regulated by the Financial Crimes Enforcement Network (FinCEN). The platform has executed trades exceeding $2 billion, with daily trading volumes over $800,000. It supports nine languages, offers over 40 cryptocurrencies, and accepts various deposit methods. The minimum purchase amount is $5 or €5. Paybis features a partnership program with unlimited referral rewards and provides user-friendly trading platforms and mobile apps for Android and iOS.

Why We Picked It: Paybis offers an extensive range of payment methods, making it easy to kick-start trading or investing on the go. USD deposits can be made using bank cards, Skrill, Neteller, AstroPay, and online banking. EUR deposits are accepted via bank cards, Skrill, Neteller, Giropay, and bank transfers. In most countries, bank cards and AstroPay transfers are available to buy cryptocurrencies.

7. Best Crypto Exchange for Beginners: Robinhood

Robinhood, founded in 2013 by Vlad Tenev and Baiju Bhatt, makes accessing financial markets with minimal or deficient trading fees easy. Due to its user-friendly design, the platform quickly gained popularity among young, tech-savvy, and beginner traders. Robinhood allows users to trade stocks, ETFs, and cryptocurrencies without fees, making it ideal for beginners. The platform also offers fractional shares, enabling access to stocks. Recently, Robinhood introduced 24-hour trading for select stocks and ETFs and expanded its educational resources.

Why We Picked It: Robinhood simplifies trading in stocks, ETFs, options, and cryptocurrencies, primarily making it accessible for beginners in every community. However, it falls short in offering diverse account types, advanced tools, and comprehensive research resources. Despite these limitations, its user-friendly interface makes it one of the best crypto exchanges for beginners and new investors.

8. Best Crypto Exchange for Altcoins: Gemini

Gemini Investing is a cryptocurrency exchange providing access to over 150 digital assets via web and mobile platforms. Known for its strong security measures and fiduciary status, Gemini offers tools like advanced charting and digital wallet storage. It caters to new investors with user-friendly features for trading and staking rewards and experienced traders through its ActiveTrader platform, which has faster executions and a wide array of crypto pairs. Recently, Gemini expanded into NFT trading through a partnership with Nifty Gateway, enhancing its platform offerings. However, users should consider Gemini's higher trading fees and lack of direct customer support options like email or phone as potential drawbacks.

Why We Picked It: Gemini is a cryptocurrency exchange suitable for traders looking for a wide range of altcoins, including Ethereum, Dogecoin, Cardano, USD Coin, and Uniswap. Known for its robust security features, including its own secure cryptocurrency wallet, Gemini ensures a safe environment for trading and investing in cryptocurrencies. The platform also provides extensive support through its comprehensive help center, making it appealing for those new to crypto and seasoned investors seeking a reliable exchange for their trading needs.

9. Best Crypto Exchange for Bitcoin: Cash App

Launched in 2013 by Block, Inc. and based in San Francisco, Cash App offers various financial services in the U.S. and U.K., including peer-to-peer payments, banking, and investment options. Users can invest directly in stocks, ETFs, and Bitcoin through the app, distinguishing it from competitors like Robinhood and Venmo. The Cash App allows Bitcoin withdrawals to external digital wallets, enhancing users' flexibility. In early 2022, Cash App began rolling out support for the Bitcoin Lightning Network, facilitating almost instant and low-cost Bitcoin transactions. However, one drawback is that Cash App's Bitcoin wallet is custodial, meaning the company manages users' cryptocurrency on their behalf.

Why We Picked It: Cash App stands out among Bitcoin-only cryptocurrency exchanges with its user-friendly mobile interface. It facilitates seamless buying, selling, and secure storage of Bitcoin directly from smartphones. Its transaction fees, typically between 0.75% and 3%, accommodate both small and large transactions, depending on market conditions.

What Is a Crypto Exchange?

A cryptocurrency exchange is an online platform for trading cryptocurrencies such as Bitcoin and altcoins, including Ethereum, Cardano, and more. It's like a stock market for digital currencies, where you can decide to trade these cryptocurrencies at market price or a future price. The exchange helps by matching buyers with sellers so they can execute their transactions smoothly.

How Do Cryptocurrency Exchanges Work?

A cryptocurrency exchange works like a stock exchange but deals in digital currencies such as Bitcoin, Ethereum, or Tether. Similar to online brokerage services, you can buy and sell these cryptocurrencies using mobile apps or desktop platforms.

Centralized crypto exchanges: Centralized Exchanges (CEXs) like Coinbase, Binance, and Kraken are run by a single authority that manages all operations and user funds within the cryptocurrency exchange.

Decentralized crypto exchanges: Decentralized Exchanges (DEXs) like Uniswap, SushiSwap, and Etherdelta operate on a network of computers without a central authority. They use smart contracts and blockchain technology for direct trading between users, making transactions secure and transparent.

How to Choose the Best Crypto Exchange

When choosing a cryptocurrency exchange, consider key factors:

• Supported assets: Some exchanges offer a wide range of cryptocurrencies beyond Bitcoin, while others have limited options.
• Payment methods: Look for exchanges that support convenient funding options like wire transfers, credit cards, and digital payments.
• Fees: Research the different crypto exchange fees such as trading fees, withdrawal fees, and other transaction costs that may impact your investments.
• Security: Opt for a cryptocurrency trading platform with robust security measures, such as two-factor authenticator, to protect against cyber threats and theft.
• Customer service: Choose a cryptocurrency exchange with reliable customer support to assist with questions and concerns.
• Reputation: Prioritize trusted crypto exchanges by looking for positive customer reviews and a good track record in the cryptocurrency community.

Are Crypto Exchanges Worth It?

Cryptocurrency exchanges can be a valuable tool for trading cryptocurrencies. However, weighing the advantages and disadvantages before choosing an exchange is essential. When selecting an exchange, users should consider fees, liquidity, security, and regulatory issues.

Bottom Line

Every investor seeking to earn money from digital assets must focus on choosing a suitable cryptocurrency exchange. Each exchange caters to different needs — robust security and regulatory compliance with a wide range of cryptocurrencies or accessibility to a diverse selection of new tokens on platforms. For those focused solely on Bitcoin, CashApp offers convenience, while advanced traders may prefer Plus500 for its CFD trading feature. Understanding these options helps investors find the right platform that aligns with their trading goals, risk tolerance, and preferences for user experience.

Frequently Asked Questions