Comparing the 8 Best Crypto Exchange Platforms of 2024

Sections of this topic

    There are so many cryptocurrencies, about 19,500 globally, but you will only find a small fraction of them listed on the most popular exchanges. Trading platforms only list a coin if it passes a thorough evaluation process. Choosing the best crypto exchange with the most coins is essential, but so are fees and trading volume.

    You want to have various cryptocurrencies to invest in and trade. Some exchanges have catalogs of often no more than a few dozen coins, which can sometimes be problematic. Significantly, it limits your trading and, hence, profit-making opportunities. If you’re looking for a larger playing field, here are the best crypto exchanges with the most coins. 

    Platform

    No of Coins

    Liquidity

    Crypto Fees

    Proprietary Wallet

    120+

    Medium

    Variable

    Yes

    Bitcoin only

    High

    Variable

    Yes

    30+

    High

    Variable

    Yes

    600+

    High

    Low

    Yes

    100+

    High

    High

    Yes

    250+

    High

    High

    Yes

    Public.com

    N/A

    High

    Variable

    No

    110+

    N/A

    High

    High

    Yes

    Best Crypto Exchanges with Most Coins

    • Bisq – Our Pick for Best Crypto Exchange Platforms All-round
    • Cash App – Premier Choice for Bitcoin Transactions
    • eToro – Optimal for Crypto Trading
    • KuCoin – Leading Platform for Earning Opportunities
    • Coinbase – Ideal for Cryptocurrency Beginners
    • Gemini – Top-notch Security in Crypto Trading
    • Crypto.com – Unmatched Variety in Crypto Services
    • Public.com – Prime $0 Commission Trading Platform

    Selecting the premier crypto exchanges featuring the broadest range of cryptocurrencies requires a thorough count of all listed coins on each exchange’s platform. Our methodology goes beyond cryptocurrency quantity, incorporating factors such as total markers, fees, trading volume, and liquidity for a comprehensive evaluation.

    What is a Crypto Exchange?

    A cryptocurrency exchange is a digital platform that allows investors and traders to buy and sell various cryptocurrencies. These platforms enable users to trade digital assets directly, making them a fundamental part of the emerging world of digital finance. Cryptocurrency exchanges can be centralized or decentralized. A central authority manages centralized exchanges, while decentralized exchanges operate on blockchain technology, allowing peer-to-peer transactions without an intermediary.

    >>Recommended Reading: 8 Best Crypto Exchanges in 2023<<

    How Does a Crypto Exchange Work?

    Cryptocurrency exchanges function similarly to traditional stock exchanges. Users can place different orders, including market, limit, and stop orders. Supply and demand dynamics determine the price of cryptocurrencies on these crypto exchanges. When a buy order matches a sell order, a trade occurs.

    Most cryptocurrency exchanges also offer advanced trading features such as futures trading, margin trading, and staking services. Some platforms also provide users with secure wallets to store their digital assets.

    How Did We Pick the Best Exchanges with the Highest Number of Cryptocurrencies?

    Our methodology for selecting the best crypto exchanges was comprehensive and multifaceted. We assessed each platform based on several key metrics, including the number of supported cryptocurrencies, trading volume, security measures, ease of use, fees, liquidity, and customer reviews. We also considered additional features, such as mobile trading capabilities and the availability of a proprietary wallet.

    What is the Crypto Market?

    The crypto market is the collective ecosystem for trading crypto, where various cryptocurrencies, digital assets, and related financial instruments are bought, sold, and traded. It encompasses a decentralized network of exchanges, platforms, and participants exchanging digital currencies like Bitcoin, Ethereum, and numerous altcoins. The crypto market is known for its 24/7 availability, high volatility, and its role as a decentralized and borderless financial system. Participants in the crypto market include individual investors, institutional traders, miners, developers, and various other stakeholders contributing to the growth and evolution of the digital asset space.

    What are The Best Crypto Trading Platforms in the Crypto Industry?

    Some of the best and most renowned crypto trading platforms include:

    1. Binance: Known for its extensive range of cryptocurrencies, high liquidity, and various trading pairs, Binance is one of the largest and most popular crypto exchanges globally.
    2. Coinbase: A user-friendly platform ideal for beginners, Coinbase provides a simple interface for buying, selling, and managing various cryptocurrencies. It is also known for its regulatory compliance.
    3. Kraken: Renowned for its security features and reliability, Kraken offers a broad range of cryptocurrencies for trading. It provides a platform suitable for both beginners and advanced traders.
    4. Gemini: Founded by the Winklevoss twins, Gemini is a regulated exchange emphasizing security and compliance. It offers a user-friendly interface and a variety of supported cryptocurrencies.
    5. Bitstamp: As one of the oldest cryptocurrency exchanges, Bitstamp is recognized for its reliability and straightforward trading services. It provides access to various digital assets.

    What are Cryptocurrency Market Trends?

    Increased Institutional Interest: 

    There is growing acceptance of cryptocurrencies by institutional investors, including the entry of major financial institutions and corporations into the crypto space.

    DeFi (Decentralized Finance) Growth: The rise of decentralized finance platforms providing various financial services like lending, borrowing, and trading without traditional intermediaries.

    NFT (Non-Fungible Token) Boom: Increased popularity of NFTs, representing ownership or proof of authenticity of digital assets, including art, music, and virtual real estate.

    Evolving Regulatory Landscape: There are ongoing developments in cryptocurrency regulations globally, with some countries providing clarity and frameworks while others explore or implement stricter regulations.

    Layer 2 Solutions: Continued development and adoption of layer 2 scaling solutions to address scalability issues on blockchain networks.

    Integration of Blockchain Technology: There is increasing interest in integrating blockchain technology into various industries, including supply chain, healthcare, and finance.

    Cryptocurrency Adoption: Increasing acceptance of cryptocurrencies as a means of payment by merchants and businesses and introducing cryptocurrency payment options by significant companies.

    Best Crypto Exchanges with Most Coins

    Bisq – Our Pick for Best Crypto Exchange Platforms All-round

    No. of Coins: 120+ Liquidity: Medium Crypto Fees: Variable Proprietary Wallet: Yes

    Bisq, an open-source software for trading cryptocurrencies, is our top pick for the best all-around crypto exchange. Launched in 2014, Bisq allows users to engage in peer-to-peer transactions involving various digital assets. The platform boasts a high level of privacy, with no need for ID verification, and supports more than 50 different payment options, including bank wire transfers, ACH transfers, and cash deposits.

    Is Bisq Trustworthy?

    Bisq is generally considered a trustworthy and secure decentralized exchange. It operates on a peer-to-peer network, allowing users to trade cryptocurrencies directly with each other without the need for an intermediary. Here are some aspects to consider:

    1. Decentralization: Bisq is decentralized, meaning no central authority controls the platform, which can enhance security and reduce the risk of hacking or fraud associated with centralized exchanges.
    2. Privacy: Bisq prioritizes user privacy. It does not require users to register or provide personal information. Trading on Bisq is pseudonymous, enhancing privacy for users.
    3. Security: The platform employs security measures, including multi-signature escrow, to ensure the safety of funds during transactions.
    4. Open Source: Bisq is an open-source project, allowing the community to scrutinize the code for security vulnerabilities and contribute to its improvement.

    Does Bisq have Low Fees?

    Bisq is known for its decentralized and peer-to-peer nature, which can influence its fee structure. The trading fees on Bisq are generally considered reasonable, and the platform aims to be competitive while maintaining decentralization. However, it’s important to note a few critical points about fees on Bisq:

    1. Maker and Taker Fees: Bisq uses a maker-taker fee model. Makers are users who place a limit order that doesn’t get immediately matched, while takers are users who place an order that matches an existing one. Takers typically pay slightly higher fees than makers.
    2. Dynamic Fees: The fees on Bisq can vary and are determined by factors such as market conditions, trade volume, and other parameters. This flexibility is designed to adapt to different circumstances in the market.
    3. Trade Limits: Trade limits may be imposed on specific payment methods to mitigate risks. These limits can vary depending on the payment method and the user’s trading history.

    Before trading on Bisq, users should thoroughly review the platform’s fee structure and policies to understand the costs associated with their trades. Remember that the benefits of using Bisq, such as privacy and decentralization, may outweigh slightly higher fees for some users. Refer to the official Bisq documentation for the most up-to-date and accurate fee information.

    • Decentralized platform with global accessibility
    • High privacy level with no ID verification required
    • Supports diverse payment options
    • The transaction speed may be slow
    • Low trading volumes
    • Not optimized for active trading

    Cash App – Premier Choice for Bitcoin Transactions

    No. of Coins: Bitcoin only Liquidity: High Crypto Fees: Variable Proprietary Wallet: Yes

    Cash App, launched in 2013 by Block, Inc., is a mobile banking application that allows users to buy, sell, and manage Bitcoin. It stands out for its user-friendly interface, making it an excellent choice for those new to the crypto space. However, it’s worth noting that Cash App only supports Bitcoin trading and does not offer FDIC insurance coverage.

    Is Cash App Trustworthy?

    Cash App, developed by Square Inc., is generally considered trustworthy and secure for peer-to-peer money transfers, investments, and other financial transactions. However, like any financial service, users need to be aware of certain aspects:

    1. Security Measures: Cash App employs various security measures, including encryption and fraud detection, to help protect users’ financial information.
    2. FDIC-Insured: Cash App provides a Cash Card linked to users’ Cash App balances. While the Cash Card is not FDIC-insured, the funds in the Cash App are eligible for FDIC insurance through a partner bank.
    3. User Authentication: Users can set up additional security features, such as a PIN or Touch ID, to enhance the security of their Cash App account.
    4. Educational Resources: Cash App provides educational resources to help users understand potential risks and security best practices, encouraging users to stay vigilant against scams.

    What type of cryptocurrency trading can you do with Cash App?

    Cash App primarily facilitates the buying, selling, and holding Bitcoin within its platform. Users can use Cash App to:

    1. Buy Bitcoin: Users can purchase Bitcoin directly within the Cash App. They can link their bank account or debit card to fund their Cash App balance and then use it to buy Bitcoin.
    2. Sell Bitcoin: The Cash App allows users to sell their Bitcoin holdings within the app. After selling, the proceeds can be withdrawn to the linked bank account.
    3. Transfer Bitcoin: Users can send and receive Bitcoin to and from other Cash App users.

    It’s important to note that Cash App’s cryptocurrency features are focused on Bitcoin, and the platform does not currently support trading a wide range of cryptocurrencies like some dedicated cryptocurrency exchanges.

    Does Cash App have low trading fees?

    Cash App allows quick transfers with fees ranging from 0.50% to 1.75% (with a minimum of $0.25). Standard transfers take one to three business days.

    For transactions around $100, Cash App usually doesn’t charge fees, except for cases like credit card transfers, instant cash withdrawals, and premium Bitcoin exchanges.

    • User-friendly platform for purchasing Bitcoin
    • Quick withdrawals and instant price lock-ins
    • Enables mobile payments
    • No FDIC insurance coverage
    • Not suitable for international payments
    • Only supports Bitcoin trading

    eToro – Optimal for Crypto Trading

    No. of Coins: 30+ Liquidity: High Crypto Fees: Variable Proprietary Wallet: Yes

    eToro, a well-known online trading and investing platform, offers various financial assets, including cryptocurrencies. One of its key features is social trading, which allows users to follow the strategies of experienced investors. This feature particularly appeals to passive investors and those looking to learn from others.

    What features does eToro have?

    eToro offers a range of features catering to beginner and experienced traders. Remember that platforms may introduce new features or make changes, so checking the latest information on eToro’s official website is essential. Here are some notable features of eToro:

    1. Social Trading: eToro is known for its social trading platform, allowing users to see, follow, and copy the trades of successful investors. This feature is particularly beneficial for beginners looking to learn from experienced traders.
    2. Diverse Asset Selection: eToro provides access to various financial instruments, including stocks, cryptocurrencies, commodities, indices, and more, allowing users to diversify their investment portfolios.
    3. User-Friendly Interface: The platform is designed with a user-friendly interface, making it accessible for traders at all experience levels. The intuitive design facilitates easy navigation and trade execution.
    4. CopyPortfolios: Besides individual traders, eToro offers CopyPortfolios, diversified investment portfolios created by eToro’s investment committee. Users can invest in these portfolios to gain exposure to various markets.
    5. Cryptocurrency Trading: eToro is known for its cryptocurrency trading platform, allowing users to buy, sell, and trade various digital currencies. It also supports crypto-to-crypto trading.
    6. Research and Analysis Tools: eToro provides technical and fundamental analysis tools, helping users make informed trading decisions. The platform includes charts, market insights, and other research resources.
    7. Regulation: eToro is regulated in several jurisdictions, adding a layer of security and compliance to its operations. Regulatory oversight helps ensure transparency and trust.
    8. Mobile App: eToro offers a mobile app for iOS and Android devices, allowing users to trade and manage their portfolios on the go.
    9. Education Resources: eToro provides educational resources for users to enhance their trading knowledge, including tutorials, webinars, and market insights.

    What crypto exchanges does it provide?

    eToro provides a selection of cryptocurrencies for trading. The platform supports a range of popular digital assets, allowing users to buy, sell, and trade various cryptocurrencies. Here are some of the cryptocurrencies that were available on eToro:

    1. Bitcoin (BTC)
    2. Ethereum (ETH)
    3. Ripple (XRP)
    4. Litecoin (LTC)
    5. Bitcoin Cash (BCH)
    6. Cardano (ADA)
    7. Stellar (XLM)
    8. NEO (NEO)
    9. EOS (EOS)
    10. Dash (DASH)

    Please note that the availability of specific cryptocurrencies on eToro can change based on market conditions, regulatory considerations, and the platform’s policies. Additionally, eToro may introduce new cryptocurrencies or remove existing ones over time.

    • Vibrant investment community for social trading
    • Supports a diverse array of cryptocurrencies
    • Provides crypto staking for select coins
    • High withdrawal and spread fees
    • Limited availability of crypto trading in certain states

    KuCoin – Leading Platform for Earning Opportunities

    No. of Coins: 600+ Liquidi0ty: High Crypto Fees: Low Proprietary Wallet: Yes

    KuCoin is a top-tier cryptocurrency exchange known for its wide range of tradable cryptocurrencies and competitive trading fees. The platform provides numerous earning opportunities, including crypto staking, loan services, and an NFT trading platform.

    What crypto exchanges can you trade with KuCoin?

    KuCoin supports trading for numerous digital assets, and users can do various crypto exchanges on the platform. Some of the cryptocurrencies available on KuCoin include popular ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many altcoins.

    What is the largest crypto asset that you can trade on the platform?

    The term “largest” can refer to different criteria, such as market capitalization, trading volume, or user interest.

    Major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are among the largest in market capitalization and trading volume. These cryptocurrencies are commonly available on most reputable cryptocurrency exchanges, including KuCoin.

    • Wide range of tradable cryptocurrencies
    • Competitive trading fees
    • Advanced features like margin and futures trading
    • Not licensed in the U.S.
    • Funds held on the platform are not insured
    • Experienced a significant hacking incident in 2020

    Coinbase – Ideal for Cryptocurrency Beginners

    No. of Coins: 100+ High Liquidity: Crypto Fees: High Proprietary Wallet: Yes

    Coinbase, one of the largest and most well-known cryptocurrency exchanges, is an excellent choice for beginners. The platform offers a user-friendly interface, extensive educational resources, and a wide range of cryptocurrencies.

    • User-friendly interface and intuitive purchase process
    • Extensive educational resources for users
    • Wide range of available cryptocurrencies
    • High fees compared to other popular exchanges
    • Complex fee structure

    Crypto.com – Unmatched Variety in Crypto Services

    No. of Coins: 250+ Liquidity: High Crypto Fees: High Proprietary Wallet: Yes

    Crypto.com is a global cryptocurrency exchange that supports over 250 cryptocurrencies. The platform offers extensive digital asset services, including its blockchain, a crypto visa card, and yield-generating products.

    • Supports a wide range of cryptocurrencies
    • Provides a variety of cryptocurrency products
    • High costs associated with credit and debit purchases
    • Limited customer support

    Public.com – Prime $0 Commission Trading Platform

    No. of Coins: N/A Liquidity: High Crypto Fees: Variable Proprietary Wallet: No

    Public.com is a zero-commission platform that offers extensive educational material alongside cost-effective trades. The platform prioritizes stocks and ETFs over other assets, making it an excellent choice for stock investors interested in dabbling in cryptocurrencies.

    What features does Public.com have?

    Public.com is a social investing platform designed to make investing more accessible and collaborative. Here are some key features associated with Public.com:

    1. Commission-Free Investing: Public.com offers commission-free trading for individual stocks and exchange-traded funds (ETFs). Users can buy and sell these assets without incurring traditional brokerage commissions.
    2. Fractional Shares: Users can invest in fractional shares of stocks and ETFs, which means that investors can buy a portion of a share, making it more affordable for users with smaller budgets.
    3. Social Investing: Public.com emphasizes community engagement and social investing. Users can follow other investors, see what stocks they’re investing in, and engage in discussions about investment strategies.
    4. Themes and Categories: Stocks and ETFs are categorized into themes or categories, making it easier for users to discover investments related to specific industries, trends, or interests.
    5. Educational Resources: The platform provides educational resources to help users learn more about investing, including articles, insights, and explanations of financial concepts, promoting financial literacy.
    6. Transparent Activity Feed: Users can share their investment activity with the community through a transparent activity feed, allowing others to see what stocks and ETFs users buy or sell.
    7. Cash Rewards: Public.com may offer cash rewards to users for specific actions, such as referring friends to the platform. The specifics of these rewards may vary.
    8. Social Impact Investing: Public.com allows users to align their investments with their values through socially responsible investing. Users can invest in companies that align with their ethical or environmental considerations
    • $0 commission platform
    • Allows fractional stock investing
    • Provides volatility reminders for cryptocurrencies
    • Transaction fees apply to crypto trades
    • Limited technical charts and research tools
    • Lengthy waiting times for withdrawals

    Gemini – Top-notch Security in Crypto Trading

    No. of Coins: 110+ Liquidity: High Crypto Fees: High Proprietary Wallet: Yes

    Gemini, a cryptocurrency exchange launched by the Winklevoss brothers, is an excellent choice for traders prioritizing security. The platform offers a high-security level, including insurance for digital assets held by users.

    Does Gemini have low trading fees?

    The standard trading fee on Gemini is 0.50%, but larger trades benefit from reduced fees. Various funding methods carry additional charges, with debit and credit cards incurring higher fees than ACH transfers. Gemini features a nuanced fee structure, particularly noticeable in smaller trades where transactions below $200 attract varying flat fees.

    What cryptocurrency trading can you do on Gemini?

    Gemini is a cryptocurrency exchange that allows users to exchange cryptocurrency and buy, sell, and trade various digital assets. Here are some of the cryptocurrencies that you can trade on Gemini:

    1. Bitcoin (BTC): The first and most well-known cryptocurrency.
    2. Ethereum (ETH): A decentralized platform enabling smart contracts and decentralized applications (DApps).
    3. Litecoin (LTC): A peer-to-peer cryptocurrency that aims to provide fast and low-cost transactions.
    4. Bitcoin Cash (BCH): A fork designed to offer faster and more scalable transactions.
    5. Chainlink (LINK): A decentralized oracle network connecting smart contracts with real-world data.
    6. Basic Attention Token (BAT): A utility token integrated with the Brave browser, designed to reward users for engaging with advertisements.
    7. Filecoin (FIL): A decentralized storage network allowing users to buy and sell storage space.

    >> Recommended Reading: 5 Fastest Growing Cryptocurrencies in 2023<<

    • High level of security for digital assets
    • Provides transaction histories and downloadable account statements
    • Higher trading fees compared to other exchanges
    • Limited customer service options

    Frequently Asked Questions

    Bottom Line

    Choosing the best crypto exchanges for crypto trading can be daunting, given the myriad options available. An important factor can include the number of supported cryptocurrencies, security measures, fees, and liquidity, which can help you make an informed decision. Whether you are a beginner or an experienced trader, there is a crypto exchange out there that can cater to your needs.