Best Crypto Exchange – Best Bitcoin Exchanges List In 2022

Whether you want to buy some crypto of your own to get into this digital currency of the future, or you want to trade bitcoin and other cryptocurrencies to try your hand at crypto trading, you’ll need a secure and best crypto exchange to place your buy and sell orders and store your digital currencies.

Crypto exchanges are like stock exchanges – they let people buy, sell, or trade cryptocurrencies. However, there are tons of different exchanges and trading platforms, and only some of them let you trade cryptocurrency. It can certainly be tough to find the ideal exchange for your needs.

Fortunately, we’ve put together a list of the best crypto exchanges for 2022. Let’s take a look at how the best bitcoin exchanges operate and break down what you should look for in a crypto exchange perfect for your unique needs.

Best Crypto Exchange: eToro

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

Best Crypto Exchange – Top 5 Crypto Exchanges List

Below you will find a list of the best crypto exchanges in the market right now.

1. eToro – Overall Best Crypto Exchange 2022

2. Webull – Trade Smarter in Minutes with No Commissions

3. Coinbase – Most Popular Crypto Exchange

4. Binance – Great for Experienced Crypto Traders

5. CoinCorner – Best for Fast BTC Exchange

6. CoinJar – Great for Bitcoin Exchange & Trading

7. Luno – Best Bitcoin Exchange for Mobile Performance

8. Crypto.com – Invest in Bitcoin with a Tap of your Finger

9. Gemini – Trade Bitcoin like a Pro

10. Kraken: Buy Bitcoins with Confidence

Best Crypto Exchanges in 2022

There are tons of quality crypto and best bitcoin exchanges to choose from, which is why we’ve picked out the best of the best for you to consider. We focused on a variety of key factors when curating this list, including their fees, supported cryptocurrencies, commission rates, and more.

1. eToro – Best Crypto Exchange with Lowest Fees

eToro

eToro is one of the most popular crypto exchanges in the world, and for good reason. It’s fully authorized and regulated by the Financial Crimes Enforcement Network or FinCEN. Therefore, you never need to worry about security issues or the exchange mishandling your funds.

In addition to being fully licensed in the US, it’s also regulated in countries like Australia and the UK. While it offers Bitcoin, it also offers 16 popular cryptocurrencies, ranging from Ripple to EOS to Ethereum.

You can also use eToro to trade more than just crypto, including stocks, ETS, and CFDs. This commission-free platform allows you to trade whatever digital currency without having to pay fees. Note, however, that there is a small, 0.5% fee incurred whenever you make a deposit. It’s an overall minor downside when you consider everything this platform offers.

You can add funds to your account through a variety of payment methods, including electronic wallets like PayPal or Skrill or more traditional methods like bank transfers or credit or debit card transfers.

Most important of all is the platform’s “Copy Trading” feature, which allows you to look at high-performing profiles on eToro’s social network and copy their trades or purchases. In this way, you can bootstrap a profitable portfolio in no time, especially if you are a beginner and don’t know where to start.

Alternatively, you can take advantage of fully managed portfolios. These allow eToro to handle your cryptocurrency investment strategy: another potentially useful tool for newcomers to crypto trading.

Add all that together and you’ve got a solid Bitcoin exchange platform through and through. eToro even comes with a dedicated investment app you can check the status of your trades or positions on the go.

Pros Cons
 Has 16 cryptocurrencies to trade in total, including Bitcoin  Has a small fee whenever you make a deposit
 No commission fees  Also has a small, $5 withdrawal fee
 Has over 17 million people using the platform
 Accepts a wide variety of payment methods
 Only requires a $25 minimum deposit
 Fully regulated and licensed in the US
 Has “CopyTrading” feature to let you copy successful portfolios
 Also lets you trade stocks, ETFs, and other instruments

 

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Webull – Trade Smarter in Minutes with No Commissions

Looking for a broker that can help you achieve your investment goals? Look no further than Webull. With Webull’s user-friendly platform and extensive selection of investment options, we can help you get the most out of your money.

With Webull, there’s no need to waste time or money on other brokers. Instead, this broker offers commission-free trading and crypto real-time market data. Get started with a $0 account minimum and access to quality educational materials.

Webull is the perfect online broker for anyone looking to trade their way to success. With no account minimums and access to a wide range of trading tools, Webull makes it easy for you to get started. Plus, Webull’s powerful mobile app gives you the flexibility to trade wherever and whenever you want.

Cryptocurrencies can be confusing, but the Webull app makes them easy to understand. This user-friendly and intuitive app allows you to make informed decisions about your investment portfolio. With all the information you need at your fingertips, you can invest with confidence. So sign up today and see how Webull can help you reach your financial goals.

You work hard for your money, so you deserve to invest it in the best way possible. With Webull, you can trade stocks, ETFs, or options without paying any commissions. Plus, Webull’s platform is easy to use, so you can start trading right away!

Webull makes it easy to get started by charging no fees for deposits or withdrawals made through ACH transfers. For instance, Bank wire deposits cost $8 for each transaction, but with all the features and tools available on Webull, that’s a small price to pay for success.

Furthermore, Webull doesn’t believe in charging commissions on crypto trades. Instead, the broker offers a 1% spread that still gives you the best deals without expensive fees. Plus, there’s no minimum deposit requirement, so you can get started now with as little as $1!

With Webull, there’s no need to sacrifice accessibility or quality when it comes to investing. You can trade stocks, cryptos, ETFs, and options with ease and confidence without having to worry about high broker fees. So why wait? Get started today and join the thousands of others who have already made Webull their go-to investment destination!

Pros

  • No commission on trades, ever
  • No account minimums
  • Open your account in just minutes
  • Wide variety of tools for traders
  • No fees trading crypto

Cons

  • Crypto spreads start at 1%
  • Too simplistic for seasoned traders
  • Lack of mutual funds
  • No support for e-wallets or debit/credit cards

Or go to Webull>

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Coinbase – Most Popular Crypto Exchange

Coinbase Homepage

Coinbase is even more well-known and popular than eToro, with over 35 million customers at the time of this writing. This bitcoin exchange is one of the best in the industry for inexperienced traders, as it features a clean and intuitive user interface to navigate.

It’s also quick and simple to open an account (with most accounts ready to go in about 10 minutes). Coinbase offers a wide assortment of digital currencies to trade, such as Bitcoin, Litecoin, Ethereum, and more.

Fortunately, you can deposit funds easily on this platform. You can use debit/credit cards or bank account transfers. But keep in mind that this platform does charge a 3.99% fee if you deposit funds using a debit card.

In addition, Coinbase can be pricy in terms of its trading commissions. There’s a 1.49% commission fee for all buy and sell orders. All in all, there are several fees to contend with that make this platform significantly more expensive than eToro or some of its other competitors.

Fortunately, Coinbase has some of the best digital security around. Any currencies you purchase will go into a dedicated and secure digital wallet (usually the only place to store Bitcoin and other crypto). The platform offers a host of security controls you can tweak to your liking as well, such as a 48-hour time lock for any withdrawal requests or automatic login blocks if a login request comes from an unregistered IP address.

Lastly, this platform comes with a mobile trading app that can serve as a crypto wallet, too.

Pros Cons
 Has a solid app and Bitcoin want.  Has both deposit and commission fees for trading Bitcoin
 The user interface is easy to navigate and intuitive
 Lots of funds deposit methods
 Has excellent security for its users

 

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Binance – Great for Experienced Crypto Traders

Binance Homepage

You might consider Binance as your crypto exchange platform if you want to practice day trading or swing trading. In a nutshell, this crypto exchange lets you trade hundreds of different pairs of currencies, effectively making profits on price differences that fluctuate throughout the day or over weeks/months.

Thus, Binance is the go-to choice for active traders – those who want to make short-term profits through financial savvy and market analysis as opposed to purchasing crypto like Bitcoin and holding it for years for long-term profits.

This relatively recently launched platform (which only began in 2017) usually sees tons of trading volume and liquidity. Therefore, it’s not a platform for the faint of heart and is only a good choice for experienced crypto traders.

Luckily, this platform does have very competitive fees. Commission fees are only 0.10%, so even trades with a lot of volume shouldn’t cost you too much. Furthermore, you can pick up some of Binance’s native cryptocurrency, BNB, and get discounts on trading commission fees.

Note that funding your account with a debit or credit card will incur a 2% fee of the total transaction amount. Again, this is more expensive than what eToro charges.

Still, it’s a solid platform overall and includes a host of chart reading tools, technical functions, and even a tool that lets you connect its API to a third-party provider for extra customization/personalization. This exchange platform is also registered with the US FinCEN for added security and trustworthiness.

Pros Cons
 Fully registered with the US (be sure to download the US-specific version of the platform)  A little harder to get into for newcomers
 Has low commission fees  Has high fees for credit card deposits
 Tons of advanced tools and chart analysis features
 Great for active traders

 

Or go to Binance>

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. CoinCorner – Best for Fast BTC Exchange

CoinCorner

CoinCorner is a speedy crypto exchange platform perfect if you want to buy Bitcoin fast to take advantage of a market boom or any other reason. It only allows you to purchase Bitcoin, however, so it’s not a good platform for trading or purchasing other types of crypto.

Still, it can be a great choice for those it applies to. Registering an account takes only a few minutes and you can make deposits using bank transfers, credit or debit cards, or the electronic wallet Neteller.

The process of buying Bitcoin is quick and simple, but it is a little pricey. Each purchase of cryptocurrency incurs a 2.5% fee when using a debit or credit card, respectively. Note that credit and debit card purchases require a minimum deposit of 10 GBP or 10 EUR. If you use Neteller to fund your account, a 3.2% fee will apply. Note that using Neteller to fund your account requires a minimum deposit of 20 GBP or 20 EUR. You can also sell crypto using CoinCorner, and this process is just as quick as buying digital currency.

Ultimately, this specialized trading platform is best for those who want to buy or sell Bitcoin exclusively rather than practice regular crypto trading.

Pros Cons
 Lets you start buying and selling Bitcoin very quickly  Has high fees
 Has lots of payment options  Doesn’t let you trade other types of crypto
 You can set up recurring purchases or sales  Very few charting or trading tools

 

Or go to CoinCorner>

67% of all retail investor accounts lose money when trading CFDs with this provider.

6. CoinJar – Great for BTC Exchange & Trading

Coinjar

CoinJar is another bitcoin exchange platform seemingly tailor-made for new traders. It has a simple buying and selling process for all of its digital currencies and the site doesn’t include a lot of relatively complex jargon or terminology.

Simply open an account, upload some form of ID, and you can purchase as much as you like from a variety of cryptocurrencies, including Bitcoin, in minutes. Depositing and withdrawing funds to and from your bank account is totally free. But there is an additional 1% commission fee if you buy or sell any digital currency.

CoinJar’s Instant Buy offers a fast and easy way to buy digital currencies with your Visa or Mastercard. With just a 2% fee, you can skip the wait for deposits and easily buy what you want now!

CoinJar is the world’s simplest way to convert or transfer between digital currency accounts. With a flat 1% fee based on the transaction amount, it’s CoinJar’s mission to make exchanging and transferring money faster, easier, and more affordable for everyone around the globe.

CoinJar also offers a basic crypto exchange that allows you to trade nearly 50 cryptocurrency pairs. In addition to the main exchange dashboard, you’ll get exchange rate pricing tools, charts, and other features necessary to determine whether a trade is a good idea.

Trading fees for exchanging pairs of cryptocurrencies can be as low as 0.20%, and it goes down even further if you trade in large volumes.

Pros Cons
 Has several different deposit methods  Not as many in-depth or technical tools as platforms designed for experienced traders
 Not too expensive, all things considered  Charges a fee for buying/selling Bitcoin and another crypto
 Has a decent, easy to understand the trading platform
 Has several ready-made crypto portfolios for you to emulate

 

Or go to CoinJar>

67% of all retail investor accounts lose money when trading CFDs with this provider.

7. Luno – Best Bitcoin Exchange for Mobile Performance

LUNO

Luno is an up-and-coming crypto exchange platform that’s primarily notable for its fantastic mobile trading app. This allows you to buy and sell cryptocurrencies on the go without having to wait for lag or deal with clunky interfaces. In fact, it’s designed for the ground up for both iOS and Android phones, rather than being a mobile port of a desktop website.

It also allows you to make deposits with a variety of payment methods, including debit cards and bank transfers. Note, however, that debit card deposits also incur a 3.5% fee (pretty pricey compared to some other platforms).

Fortunately, Luno only charges a 0.1% trading commission fee. But it only has trading options for a handful of select cryptocurrencies, including Bitcoin, Litecoin, Ripple, and Ethereum. So it’s not best if you want to trade in as many digital currencies as possible.

This may also be a good exchange for your needs because it has a special savings account feature. Put your crypto in here and you’ll get up to 4% interest on your balance each year.

Pros Cons
 Has savings account for long-term crypto-traders  High fees for debit card deposits
 Low commission fees  Only a limited selection of cryptocurrencies
 The mobile app is well-designed and easy to use
 Has a good selection of trading tools and charts

 

Or go to Luno>

67% of all retail investor accounts lose money when trading CFDs with this provider.

8. Crypto.com: Invest in Bitcoin with a Tap of your Finger

Do you want to get in on the cryptocurrency craze? Crypto.com is your one-stop spot for all things crypto! Crypto.com offers a wide range of investment options, as well as top-of-the-line security measures to ensure that your cryptos are always safe. So you can get started with whatever level of risk you’re comfortable with. Plus, Crypto.com has a user-friendly platform that makes it easy to get started with crypto investing! So what are you waiting for? Join the Crypto.com community today!

Crypto.com offers a simple, low-cost way to get started in the exciting world of crypto trading. With Crypto.com’s help, you can easily build a portfolio of your favorite cryptocurrencies and start benefiting from all the opportunities the crypto revolution has to offer. With low fees and easy trading options, Crypto.com makes it easy to get started on your path to crypto riches!

Crypto.com is on the rise, and there’s no stopping it! The company has just announced that they have acquired naming rights to Staples Center in Los Angeles, renaming it Crypto.com Arena!

The future of money is here, and Crypto.com is leading the charge. Crypto.com’s products are easy-to-use and perfect for anyone looking to take advantage of secure payments and rewards. For example, with Crypto.com’s Visa debit cards and DeFi wallet, you can enjoy all the benefits of digital assets today!

With fees capped at 0.40% and dropping with increased trading volume or considerable holdings of CRO currency, this platform is perfect for anyone looking to invest in cryptocurrencies. Moreover, with some of the lowest fees in the market, you can keep more of your hard-earned money in your pocket!

Ready to start trading cryptocurrencies? Crypto.com has you covered with some of the lowest fees in the industry. No more worrying about hefty fees eating into your profits – with Crypto.com, you get all the benefits of trading cryptocurrencies without having to sacrifice your hard-earned cash. With a 0.40% fee for trades with a monthly volume of less than $25,000, their trading fees are lower than many competitors. Crypto.com is perfect for traders of all levels. Start trading with Crypto.com today!

Tired of overpriced, inconvenient exchanges? Crypto.com is here to help! With an informative, user-friendly app and a 2.99% credit/debit card fee for crypto purchases done within the app, the popular exchange makes it easy for you to buy, sell, and trade Bitcoin (BTC) without breaking the bank. Plus, the secure environment makes sure your transactions are always safe and easy.

In addition, Crypto.com’s responsive customer service makes sure you are taken care of should anything go wrong or if there is any confusion about your purchase.

When you’re ready to take your crypto spending up a notch, the Crypto.com Visa debit card is here to help. With no fees for topping up your Crypto.com Visa card with credit cards, debit cards, bank transfers, or other cryptocurrencies, you can enjoy seamless spending without having to worry about extra costs. In addition, you’ll earn CRO rewards every time you use it. So just load up your Crypto.com Visa card and get ready to shop!

Crypto.com is the perfect solution for anyone looking to grow their cryptocurrency portfolio. With Crypto Earn, you can start accruing interest on your assets right away! Just deposit your preferred cryptos into the feature and let it work its magic. Over time, this will help you passively grow your wealth and increase your portfolio value. So sign up today and start taking advantage of this great opportunity.

Pros

  • Buy and sell a wide variety of cryptocurrencies with low fees
  • Earn cashback rewards and enjoy numerous privileges
  • Invest in a portfolio of coins and tokens with just one click
  • Earn interest on your crypto holdings
  • Safe and Secure Transactions

Cons

  • Fees are higher unless you own and utilize CRO
  • Navigating can be difficult for beginners
  • Inadequate client service
  • Discounted trading fees can be difficult to understand
  • Insufficient educational resources

Or go to Crypto.com>

67% of all retail investor accounts lose money when trading CFDs with this provider.

9. Gemini: Trade Bitcoin like a Pro

Sitting on the cutting edge of the cryptocurrency revolution, Gemini makes buying and selling digital currencies a breeze. With their intuitive and reliable Gemini mobile app or desktop exchange, you can buy crypto quickly and easily using your debit card or fund your account immediately via bank transfers. Plus, Gemini offers an elegant experience that makes for a reliable trading platform.

Gemini is your trusty sidekick when it comes to an understanding the market and making informed investment decisions. With Gemini’s powerful tools, you can create price alerts and schedule recurring buys, so you can always stay on top of the market.

Looking for a Bitcoin crypto exchange that makes it easy to get started investing? Gemini has you covered! With no deposit fees for ACH or wire transfer and only a 3.49% fee for debit card deposits, Gemini is the perfect place to grow your portfolio and maximize your profits. Plus, with 24/7 customer support and a user-friendly interface, you can be sure that Gemini will make investing easy and fun. So what are you waiting for? Invest today with Gemini!

Please note that convenience costs are already included in the quoted price of the cryptocurrency you’re buying and are increased by 0.5% for buy orders. The transaction fee is determined by the currency and volume of the transaction.

If you’re looking for a trading platform that has everything you need to succeed, look no further than Gemini ActiveTrader! Gemini ActiveTrader is the ultimate trading interface for day traders. With its advanced charting and block trading, you can make smarter, more profitable trades. Gemini is also available on your mobile device, so you can stay connected to the markets no matter where you are. So try Gemini ActiveTrader today and start making the profits you deserve!

Bitcoin trading platforms can be intricate and challenging to navigate, especially if you’re new to the game. Luckily there is a way around these challenges with some of the best crypto apps that allow traders access wherever they go! You won’t miss another opportunity for investment freedom as long as your phone has an internet connection and battery life left in it.

Looking for a place to park your cryptocurrency gains? Look no further than Gemini! Introducing Gemini Earn, the easiest and most rewarding way to earn interest in your cryptocurrencies. Withdrawals and deposits are quick and easy, and you can start earning up to 8.05% APY on 42 different cryptocurrencies today, including Bitcoin at 1.49%. So start earning today with Gemini and watch your investment grow!

Pros

  • Add more diversity to your investment portfolio
  • Intuitive features for a more efficient workflow
  • A cutting-edge trading platform
  • Earn daily interest for your crypto holdings
  • High quality, reputable exchange
  • Maintain peace of mind knowing that your assets are insured
  • Makes you feel like a pro
  • Create a portfolio that reflects your personality

Cons

  • The fee structure is prohibitively expensive for modest trades
  • Could be challenging for beginners

Or go to Gemini>

67% of all retail investor accounts lose money when trading CFDs with this provider.

10. Kraken: Buy Bitcoins with Confidence

Do you want to start trading Bitcoin but don’t know where to start? Look no further than Kraken! Kraken’s easy-to-use platform and low fees make it the perfect place to buy BTC without hassle. Moreover, Kraken’s top-of-the-line security features will keep your coins safe and sound.

Instant purchases cost 1.5% for the majority of coins and 0.9% for stablecoins utilizing USD or another stablecoin.

Additional transaction fees may apply depending on the method of payment used to complete the transaction. The cost of funding varies depending on the type of payment used. For instance, when using a bank account, it may be as low as 0.5%. However, if you use your debit card, credit card, or digital wallet, a fee could apply, which could be more than 3.75%.

Kraken has always been a reliable and safe way to trade cryptocurrencies, and now they have even more options for cryptocurrency futures trading. With Kraken, you can rest assured that your money is in good hands.

You can buy Bitcoin with confidence, knowing that Kraken has your best interests at heart. Why go anywhere else?

Pros

  • Low fees
  • Easy to use and understand
  • Simplify the process of exchanging many different crypto assets
  • Trade in a safe way
  • Earn rewards on staked assets

Cons

  • Fees are prohibitively high for novices who use the Instant Buy platform
  • Customer service is limited

Or go to Kraken>

67% of all retail investor accounts lose money when trading CFDs with this provider.

 

What is a Crypto Exchange?

It’ll be tough to pick your favorite crypto exchange from the above list of six if you don’t know what these exchange platforms even are.

In short, Bitcoin or crypto exchanges are digital platforms where you can buy or sell Bitcoin or other cryptocurrencies. Because cryptocurrencies aren’t traded on regular stock markets, you have to use crypto exchanges to place trades involving.

Crypto exchanges typically allow you to buy digital currencies using debit or credit cards, bank transfers, and other deposit methods. These offer fast ways in which you can make a deposit in the crypto market.

You should know that the crypto market is volatile by its very nature. You should only jump into using these exchanges with a clear head and a solid strategy in mind.

But if you have a good strategy, and you pick the exchange that best suits your needs, you can either make money by trading different cryptocurrencies or you can invest in Bitcoin for long-term profits, hoping that the digital currency will increase in value in the future.

Exchange Bitcoin at the World’s best Crypto Exchange: eToro

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$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

How to Pick the Best Crypto Exchange for Your Needs

Since there are hundreds of different crypto exchanges to choose from, the best way to ensure you have a good experience and make money rather than lose money is to focus on a few key factors.

Trading Options

For starters, make sure that a given crypto exchange you are considering has the trading options you need. Some platforms only allow you to buy or sell cryptocurrencies, while others allow you to both buy and sell currencies and trade them with other traders.

Indeed, some crypto exchanges are focused more on short-term trading profits, like day trading or swing trading strategies. With these exchanges, traders speculate on the future value of digital currency pairs and make or lose money based on the accuracy of their predictions.

Other best bitcoin exchanges are more focused on buying or selling crypto. These are geared more toward long-term investors that hope the value of a chosen currency will increase gradually over time, theoretically resulting in more long-term profits.

Still, other exchanges allow you to swap one digital currency for a different one, such as exchanging your Ethereum for Bitcoin. Bottom line: make sure the platform you plan to use can do the things you needed to before putting money down.

Fees

Most crypto exchange platforms incur some fees. After all, they have to stay in business somehow. But exchange platforms will differ significantly in terms of how they collect those fees.

Some include deposit fees, for example. These fees kick in whatever you deposit money using a bank account or a debit card. Others charge commission fees, which take a small chunk out of any profits you might make when you trade a pair of cryptocurrencies.

Take a look at the fees a bitcoin exchange platform incurs before signing up. Some platforms, like eToro, are significantly cheaper than others.

Regulations

It’s always a good idea to find a trading platform that is regulated by FinCEN or another authoritative and trustworthy organization. Regulations separate trustworthy crypto exchange platforms from untrustworthy ones.

Trading Tools

Next, consider the trading tools a crypto exchange comes with. Some exchanges are geared more toward advanced or experienced traders who need a variety of charts, analysis tools, and other features to make intelligent trading decisions.

Others are more suited for newcomers and may have very few charting or analysis tools. These may require users to only use premade portfolios or may only allow you to buy Bitcoin and other currencies, not trade them.

Payment Methods

Most crypto exchanges will let you make deposits and buy different currencies using credit or debit cards, bank accounts, and other deposit methods. But double-check which methods are available, as you need a Bitcoin exchange that will pick the payment method you plan to use for you to buy any Bitcoin in the first place.

Customer Service

Lastly, consider the customer service record or reputation of a crypto exchange before signing up. Some places have excellent customer service, like 24/7 live chat sessions or email responses. Others are certainly subpar in this department and may leave you hanging if you have an important question or you want to know about your Bitcoin balance.

Best Crypto Exchange: How To Begin (Step-by-step)

Want to start trading crypto on your chosen cryptocurrency exchange platform? Here’s the basic process you can expect regardless of the exact platform you choose.

1. Open a Trading Account

eToro - Join now

First, you’ll need to open a trading account by opening the exchange’s website and/or downloading their proprietary app. You can then make an account by providing some personal information like your name and email address and a secure password.

Make sure your password is super secure so that no one can get into your Bitcoin exchange profile without your permission.

Click here to open your account with eToro >

2. Upload Your ID

eToro verify

Most regulated cryptocurrency exchanges will also require you to upload some ID, especially if you plan to deposit more than $2000 or so initially. You’ll also need to upload your ID before you make a withdrawal request.

The ID helps the Bitcoin exchange verify your identity and prevents identity theft. Suitable ID types include passports and driver’s licenses or bank account statements and utility bills. The exchange platform you choose will tell you which form of ID they prefer.

eToro and other cryptocurrency exchange platforms should be able to verify your identity documents quickly, finishing the registration process.

3. Deposit Funds

eToro deposit

Next, it’s time to deposit funds into your new crypto exchange account. These funds can come from a variety of sources, like credit or debit cards, electronic wallets, or bank transfers. Keep in mind the deposit fees that may kick in depending on the method you use. Some platforms, for example, charge higher fees for making debit or credit card deposits compared to bank account deposits.

4. Search for Bitcoin Markets

Once you’ve funded your crypto trading account, you can search for Bitcoin markets. Depending on the platform you choose, you’ll be able to either buy or sell Bitcoin or trade Bitcoin with other regional currencies.

Find the trading market you want and click on “trade”, “buy”, or “sell”.

4. Place a Trade/Purchase

eToro placing an order

 

At this point, you’ll be able to place a trade or make a purchase of Bitcoin depending on your goals. Be sure to read all the instructions carefully. In most cases, you’ll be able to simply enter a “stake” or amount of money and the exchange platform will automatically calculate how much Bitcoin your funds will be able to purchase.

Best Crypto Exchange: Conclusion

As you can see, it’s easy to get started on the BTC exchange of your choice. Just be sure to pick the exchange platform that seems to best suit your needs and that will accept your preferred payment method. Remember to pick a good strategy and stick with it over time if you plan to trade crypto – the most successful traders stay calm and only buy cryptocurrencies or sell cryptocurrencies with a level head. Good luck!

Top Rated Bitcoin Exchange: eToro

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

About Peter Knight PRO INVESTOR

Peter Knight is a content writer and also a Crypto enthusiast with years of experience as an investor/trader in the crypto market. Peter believes Cryptocurrency is the future of the Fintech industry, and it is his passion to enlighten people about it. As a result, Peter has written articles on many aspects of the Cryptoverse through thorough research and analysis, reviewing different trading platforms including crypto trading, forex, and stock trading. Now, Peter writes honest reviews about trading platforms and automated trading tools to guide inexperienced traders and help intending users make good choices.