Do you want to find out more regarding cryptocurrency exchanges but don’t know where to begin? We dive deep into the best places to buy cryptocurrency with fiat currency (like dollars) and how newcomers to the market can navigate their way around the various platforms.
In addition to exchanging one cryptocurrency for another, customers of certain platforms (sometimes with more advanced features which qualify them as crypto exchanges) can even earn interest on the funds they deposit there. All the ones we’ve discussed below have their own unique USPs which you can get more details on by readig their dedicated review. And, we’ve also highlighted when there are advanced features available for people reading who want that little bit extra. So let Crypto Lists guide the way, in no particular order.
Coinbase
Brian Armstrong and Fred Ehrsam established the business in 2012. You can purchase and sell a wide variety of cryptocurrencies on this platform, which is among the most popular and widely available of its kind in the globe. For long-term crypto storage and staking incentives, you could use Coinbase too, and they also have a mobile and browser extension wallet with your own crypto keys. Today, the platform also features a portable software that can be downloaded and used on the go.
A further feature that sets it apart is that it is governed by regulators in the United States, the United Kingdom, and the European Union. This means it’s probably the most trusted of all the big names. A new feature named “Watchlist” has been added to the Coinbase smartphone app in a recent update. Users can now keep tabs on the value of various digital currencies by adding them to a personal watch list. Coinbase is accessible in a number of different regions and features instant purchases.
In November, they merged their Coinbase platform with the more advanced Coinbase Pro, so that both the platform/app and the Pro exchange operate all under one umbrella. This means expert traders can use the highly regarded site for day trading and chart analysis.
Want to give it a try? Sign up for Coinbase now!
Binance
Binance was created in 2017 by Changpeng Zao. In only a few years it has become the largest cryptocurrency exchange in the world. The marketplace allows users to purchase and sell cryptocurrencies, provides public cryptocurrency education, and has dedicated studies of the evolution of the market for interested beginners. It’s also home to a crypto-encyclopedia that collects, archives, and shares data related to the space.
Comparatively speaking, Binance’s transaction fees are lower than those of competing cryptocurrency exchanges. On this site and app, you can buy crypto with fiat money. As a trader on the platform, you get direct access to the global market of digital currencies. Trading payments made with cryptocurrencies besides Binance Coin (BNB) are subject to a 0.1% service charge. Deposits are free of charge.
Sound good? Give Binance a try today!
Supply: 166,800,992 / 166,800,992
Release date: July 29, 2017
Description: Buy BNB, one of the biggest platform tokens in the world!
Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.
Wirex
Have you heard of Wirex? It’s one of the biggest platforms to trade your fiat for your favoeite crypto coins. They don’t have the sheer range of pairings that some of the larger exchanges have, but for simplicity you can’t go far wrong. It also offers zero fees on all fiat-to-fiat exchanges. You can also deposit in crypto currencies, with the major ones like Bitcoin, Litecoin, and many others available. With a focus on mobile accessibility, it’s a great way to enter the market for the first time. It offers a multi-currency wallet, and a cashback debit card for earning rewards in crypto, interest-bearing crypto accounts, and trading crypto assets.
Want to to trade fiat for crypto? Do it easily by signing up for Wirex now!
Kraken
With a site that has amassed over 9 million users and support for more than 190 nations, it is among the longest-running exchanges, having launched in 2011. As of the end of the third quarter, the platform had a quarterly trading volume of above 207 billion USD, making it a popular venue for spot trading at current market rates and crypto futures.
Users can increase their purchasing or selling power thanks to the exchange’s leverage feature. Kraken offers users a multi-collateral futures account with nine distinct collateral alternatives, allowing them to trade several currency pairings and get exposed to many different pairs. Though this is probably better suited to people with intermediate or advanced experience.
It’s among the few cryptocurrency markets in the US that offers sophisticated features like margin trading. Kraken allows users to buy, sell, and exchange a large number of coins against a total of six distinct fiat currencies. Kraken has never ever been compromised; it employs stringent security measures including multi-factor authentication on all user accounts. The transaction costs on the decentralized market are likewise inexpensive.
Impressive, right? Sign up for Kraken now!
Crypto.com
Created in 2016 and headquartered in Hong Kong, the company serves over 10 million consumers worldwide by offering up to 150 different cryptocurrencies. More than 90 nations are represented within Crypto.com’s active user base. It offers a comprehensive selection of cryptocurrency-related financial instruments. The site stands out from the crowd for a number of reasons, including its reasonable prices and extensive selection of accepted currencies.
The organization is structured in a way that allows both inexperienced and veteran traders to benefit from it as there’s both a basic trading app and an advanced exchange. On the one hand, the app is super friendly to beginners, and on the other hand, there may only be a slight learning curve for newcomers to the exchange version. This site – famous for being a main sponsor of the Qatar World Cup – delivers first-rate ecosystem support for crypto items, low fees, and trade discounts. DeFi-wallets are available to you, and they prioritize your security and offer a simple registration process.
Want to try it for yourself? Sign up for the app right away!
OKX
OKX is the rebranded name for the cryptocurrency exchange OKEX, which launched in 2017. Spot trading, futures trading, margin trading, perpetual swaps trading, options trading, DeFi, lending, and mining pool services are all available through this exchange. The cryptocurrency trading platform relies heavily on blockchain technology, which provides all the tools a user may want for buying, selling, and investing cryptocurrencies. The trading platform supports more than 300 coins and trading pairings, is accessible from more than 100 countries, and has competitive exchange rates.
Users of the exchange are provided with appropriate trading tools according to their level of expertise in the cryptocurrency market. The exchange places a premium on safety, giving its customers peace of mind while trading cryptocurrencies via the website or mobile apps. OKX is fantastic to navigate around, and newcomers to crypto will feel comfortable as it’s got a very easy-to-use interface and app.
Is OKX up your alley? Sign up for a free account now!
Swissborg
The site was founded around four years ago and has grown to a global company with thousands of employees. What’s really good for beginners is that they have plenty of resources to read for free on the platform to help you upskill and understand the space better. And, for more experienced traders they have the kinds of features you’d expect such as corporate accounts and decent spread.
When we did tests on the site, we saw it’s one of the quickest crypto platforms to make a transfer to or from, which is super important in an ever changing marketplace. But of course, you should check out our full review of Swissborg and compare it to others we’ve listed before making any decisions.
Want to give it a whirl? Try Sign up for Swissborg now!
Changelly
Although it stands alone as a simple platform, more experienced traders can integrate it with more advanced exchanges. And, it also has a more advanced section called Changelly Pro. On Changelly, you have instant access to almost 200 crypto coins and tokens. Because it’s tailored specifically for new entrants to crypto, sign up is easy and straightforward. You only need to provide name, phone number, and a password. And, verify your email address.
In a nutshell it’s an instant cryptocurrency purchasing platform that allows you to buy crypto fast and do so with a bank card.
Value ease of use and simplicity? Try Changelly today by clicking below!
Disclaimer: Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to lose. The information on this site is presented for educational purposes only and should not be construed as investment or financial advice.