Sign Up on MEXC
List your project here
US
UK
Canada
Germany
Ireland
Netherlands
UAE
Australia
Thailand
Norway
Finland
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. You can read more about our review methodology to get more information on the ratings below. In order to provide our readers with accurate and unfiltered information, we work hard to uphold the highest standards for our editorial policy.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links, To get more information on the partner link placements visit our affiliate policy page . All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
Crypto trading has gone mainstream. As of 2025, more than 588 million people are using crypto exchanges. The crypto exchange market is expected to grow to $63.38 billion by the end 2025, according to some predictions.
That’s a massive growth rate of 24.4% since 2024. Interestingly, Binance alone caters to over 230 million crypto users. As of July 2025, over 1,500 active crypto exchanges are competing for attention.
Understandably, with many options available, picking the right exchange can feel overwhelming. However, it is an important decision because the exchange you use could decide the safety of your assets as well as your access to coins.
In this guide, we’ve broken down the best crypto exchanges and apps for 2025. We reviewed and ranked each platform based on security, features, fees, app performance, and regulation. This list is designed to help you choose the best exchange for your specific trading needs.
1
MEXC
2
Binance
3
Bitget
4
LBank
5
Bybit
6
Coinbase
7
Upbit
8
OKX
9
Crypto.com
No single trading platform can be described as the “best crypto exchange.” Instead, what makes an exchange “the best” depends on your personal goal, trading objectives, and experience levels. Here’s a breakdown of what to consider when deciding the best exchange for you:
Before deciding on an exchange, ask yourself, “What kind of trader am I?” Your answer can help you narrow down some things:
Understanding your trading needs helps you filter out the platforms that do not meet your goals.
Once you’ve identified your trading needs and level, the next step is to look out for certain features that separate a good exchange from a great one. Here are some important areas to look out for before settling on an exchange:
Where you live plays a huge role in deciding what platform you can use and the features that are available to you. Due to regional or local laws, some platforms are completely banned, others offer limited services. Here’s a quick guide on what you should know
United States : Coinbase, Kraken, Binance.US (limited)
Note: The U.S. has strict regulations on crypto exchanges. Some exchanges do not support certain coins and features like margin trading, and futures. It’s also important to check for restrictions at the state level.
Available Exchanges In European Union (EU) : Binance, Bitget, Bybit, OKX, Crypto.com, Coinbase
Available Exchanges In United Kingdom : (with limited features:) Binance, Bitget, Bybit, Coinbase, OKX
Note: The FCA has tightened rules around crypto advertising and leveraged trading. Always check the “Financial Promotions” status of any UK crypto exchange you want to use.
Available Exchanges In Canada : Limited availability: Bybit, Bitget, OKX, Crypto.com
Note: Crypto activity in Canada is under serious government scrutiny, and most exchanges have left the market or reduced their presence. Be sure to check for the scale of operations of each crypto exchange in Canada.
Available Exchanges In Asia, Africa, and LATAM : Most top exchanges like Bitget, OKX, Binance, and Crypto.com are available with full features across these regions. Binance has a strong presence in Africa and Latin America.
Best for Day Trading, Early Adopters and Low-cap Hunters
Why We Choose It:
MEXC is the go-to exchange for traders who love to trade low-cap, yet promising coins before they become highly traded and sought after.
Their flexible listing policy makes lots of new coins available, letting you get in early and ride the uptrend for extraordinary gains. MEXC also offers copy trading, AI-powered risk control for margin and futures, and multi-language support.
Best for High Liquidity and Altcoin Access
Why we chose it:
Binance remains the biggest crypto exchange by trading volume, offering unmatched liquidity, a wide selection of coins as well as advanced trading features. Binance’s combination of low fees and good altcoin selection makes it an ideal exchange for all levels of traders.
Best for Copy Trading and New Token Listings
Why We Chose It:
Bitget is best known for offering strong copy trading features and being quick to list trending and low-cap tokens. It best suits traders in hunt for meme coins or altcoins with good market hype.
Best for Early Access to Exotic Tokens
Why We Chose It:
LBank is the best exchange to secure early access to new tokens. It offers a straightforward experience and often lists altcoins that may not be available on other exchanges.
Best for Pro-Level Trading Tools and Derivatives
Why We Chose It:
Bybit is one of the best platforms for futures and options trading, offering professional-grade tools, low fees, and a friendly interface. Bybit is a good option for traders looking to automate their strategies.
Most Accessible Exchange for U.S. Traders
Coinbase has gained a reputation for being one of the most compliant exchanges, and the best platform for U.S. traders. It offers a good combination of advanced tools and resources for beginners, making it suitable for both levels of traders.
Best for Asian Traders With Good Altcoin Support
Why We Chose It:
Upbit is the biggest exchange in South Korea, with strong security and fiat integrations. Beyond offering good regulatory compliance, Upbit perfectly serves the Korean market with native support and features
Best for Multi-Asset Support and Web3 Tools
Why We Chose It:
OKX offers a deep ecosystem beyond crypto trading. With over 1,000 supported tokens, OKX provides an integrated wallet, and strong support for DeFi tools.
Why We Chose It:
Crypto.com offers an all-in-one platform that includes a wide selection of altcoins, Visa Card, an NFT marketplace, staking, and others. It also operates a mobile-first ecosystem, making it ideal for casual traders who want ease and a comfortable experience.
Below is a table showing some of the best crypto apps for mobile trading and their ratings.
| Exchange/App | Mobile UX Rating | Speed | Security | Mobile-First Features | Best For |
| MEXC | 8/10 | Fast | Strong | 100%+ reserve, 2FA, and anti-pishing | Risk-seeking spot traders |
| Coinbase | 9.5/10 | Fast | Strong (insurance, 2FA) | Price alerts | US traders, beginners |
| Binance | 9/10 | Very fast | High (SAFU funds, 2FA) | Advanced charts, copy trading | Altcoin hunters, pro traders |
| Crypto.com | 9/10 | Very fast | High (Cold storage, insurance) | Earn, NFTs, Visa Card | Passive earners, mobile-first users |
| Bybit | 8.5/10 | Fast | Strong | Leverage tools, copy trading | Futures and derivatives traders |
| Bitget | 8.5/10 | Fast | Strong | Grid trading, copy trading | Beginners and semi-pros |
If you’re new to crypto, then you need an exchange that makes it easy to get familiar with crypto trading. Some of the key things to look out for include a user-friendly interface, good asset coverage, low fees, security, and educational resources. A good example of a beginner-friendly exchange is Coinbase. Known for its super clean interface, Coinbase offers an easy onboarding process that makes it easy for beginners to buy, sell, and hold crypto without feeling overwhelmed.
In addition to their clean interface, Coinbase offers a decent number of cryptocurrencies, good enough to satisfy the trading needs of a beginner. You can easily buy Bitcoin, and all the major altcoins. Although Coinbase is not the best exchange to get lesser known low caps, it has decent coverage for beginners. It also provides multiple payment channels including bank transfers, card payments, and PayPal in some regions.
Plus, Coinbase also offers educational resources, giving beginners an easy experience with crypto trading. The platform’s “Learn and Earn” rewards users who complete modules with crypto. Finally, Coinbase has a strong security system, and compliance. It offers features like 2-factor authentication and insurance on custodial funds. Although fees on Coinbase are on the high side compared to other exchanges, the exchange’s features makes it the best platform for anyone new to crypto.
Security and trustworthiness are non-negotiable factors when using an exchange today. With billions stolen from crypto trading platforms, it is important to use platforms with strong security reputation. Although exchanges are now held to a greater standard, not all platforms offer the same level of security or trust. Here’s how to differentiate the top ones from the average exchanges:
Regulated exchanges like Coinbase and Crypto.com comply with government demands, meet financial requirements and operate under certain security conditions. Such platforms are generally safer to use.
Meanwhile unregulated exchanges (like Binance and LBank in some regions) may offer more flexibility, loose KYC and more asset collection, but come with certain risks. Although these exchanges have strong security measures, users have no investor protection if things go south.
Trustworthy exchanges often go the extra mile to ensure transparency and user safety. Here are a couple of ways to spot these kind of trading platforms:
Know-your-customer (KYC) and anti-money-laundering (AML) measures are good security measures that top exchanges adhere to. Although they feel intrusive, both measures help prevent fraud and make the exchange safe for traders.
Crypto exchanges do not have the same design and control levels. Some exchanges have more control over your funds than others. Meanwhile, others are designed to support certain types of transactions, which means less features. Understanding these differences is key to knowing what platform suits you the most. Here’s a quick explanation of the different types of crypto exchanges:
Centralized exchanges are platforms like Binance, Coinbase, OKX, and Kraken that hold your funds and carry out trades on your behalf. They are largely popular because they offer speed, customer service, fiat support and wider crypto selection. They also offer higher liquidity, and are generally easy to use. But despite their popularity, most users have expressed concerns over the custodial nature of their operations. These platforms are subject to hacks or government sanctions, which could affect your funds.
On the other hand, decentralized exchanges like Uniswap, Orca and SushiSwap operate via smart contracts with no central authority. You stay in control of your wallet and trade directly from it. Some of the benefits of decentralized exchanges include
But regardless of these pros, decentralized exchanges are mostly slower than their centralized counterparts, and could incur more fees. They also lack deep liquidity for large volume trades and poor fiat on-ramps.
In 2025, some platforms seek to offer the best of both centralized exchanges and decentralized platforms. These hybrid systems provide the speed of CEXs and the self-custodial nature of DEXs. Some notable examples include dYdX v4, Coinbase wallet + Base, and ZK-powered DEXs.
Crypto regulation varies by regions. This means not all exchanges are best for some regions. Here’s a guide to the best exchanges in each key region:
What is the safest crypto exchange right now?
Coinbase and Kraken are considered the most secure exchanges due to their strong regulatory compliance and robust security.
Which exchanges don’t require KYC?
Decentralized exchanges like Uniswap and Pancakeswap do not require KYC
What crypto exchanges are regulated in the US?
Coinbase has a strong regulatory presence in the US, and is widely available in most U.S. states.
Which app has the lowest trading fees?
Binance has one of the lowest trading fees among most exchanges, ranging around 0.1%.
Are decentralized exchanges better than centralized ones?
No, decentralized exchanges are not better than centralized platforms as each exchange has its pros and cons. While DEXs offer more control they struggle in speed and high fees.
Choosing the best exchanges for 2025 requires more than the popularity of the platform. Our selection was based on core factors that affect daily crypto trading, from fees, to security to real-time performance. Here’s what we focused on:
For full transparency, you can view our full review methodology .
Here’s a quick summary of our top picks by profiles:
Premium Partners
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..
5M+ Monthly Page Views
50k+ Articles
