Best Cryptocurrency Exchanges of 2021 Overall

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#1 Exchange of 2021: Binance US

Rating: 85.5 / 100 Rating: 85.5 / 100

We have rated Binance US as being our top cryptocurrency trading platform.

How We Choose:

Choosing a trusted cryptocurrency exchange is an extremely important step in your crypto goals. New online cryptocurrency trading brokerages pop up all the time with various levels of regulatory oversight and security. This makes it even more difficult to decide which one is the best crypto broker for you. We cut through the bad actors, scammers, and amateurs to make sure you don’t get ripped off or swindled. We want to help bring legitimacy into the industry by directing new users to the best of the best.

We have identified the best overall crypto exchanges based on a balanced weighting of our 8 ranking criteria.  These ratings are the product of meticulous research into every aspect of a brokers’ services, operations, and history.  This is a good resource for you to familiarize yourself with each broker as well as the strengths and weaknesses of their offerings.


#1

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Binance US

Rating: 85.5 / 100

We have rated Binance US as being our top cryptocurrency trading platform of 2021

Open Account

Overall Rating: 85.5 / 100

  • Trust: 9.5/10
  • Trading: 7.5/10
  • Derivatives: 0/10
  • # of Coins: 6.5/10
  • Fees: 10/10
  • Customer Service: 10/10
  • Funding Options: 8/10
  • Recurring Buys: 10/10

Binance.US utilizes many of the security measures and protocols developed by Binance - as seen in our 9.5/10 Trust score.

Binance.US has the lowest Bid/Ask Spread and very low fees making it popular amongst traders.

This is our only exchange that offers the recurring buy option. We all use this to dollar cost average our crypto positions, and is the easiest way to get started while limiting price volatility exposure.

Binance.US does not offer Margin or Leverage trading.

No deposit fee or withdrawal fee (if using ACH). Low withdrawal fees if using other methods.

Trading Fees: General: 0.1% spot trading fee; 0.5% Instant Buy/Sell fee.

# of Coins: 52

Tradable Pairs: 105

Click here for full Binance.US review


#2

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Kraken

Rating: 81 / 100

Kraken excels in our trust score as they are 10/10 due to their impressive liquidity, scale, and cybersecurity.

Open Account

Overall Rating: 81 / 100

  • Trust: 10/10
  • Trading: 9.5/10
  • Derivatives: 10/10
  • # of Coins: 6.5/10
  • Fees: 8.75/10
  • Customer Service: 10/10
  • Funding Options: 10/10
  • Recurring Buys: 0/10

We gave them a perfect 10/10 Trust Score due to their impressive liquidity, scale, and cybersecurity.

Kraken is one of the only exchanges that offer derivatives (futures) contracts.

Excellent API coverage, margin trading, and up to 5x leverage trading.

On-site staking capability for certain coins.

No automatic recurring buy option.

Fees are pretty good unless you’re going to make a large withdrawal.

# of Coins: 49

Tradable Pairs: 214

Click here for full Kraken review


#3

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FTX US

Rating: 72.5 / 100

FTX US is high on the trust score and excellent on fees, but doesn't have as many coins available to trade. If you only plan to trade large-cap cryptos, this can be a great option.

Open Account

Overall Rating: 72.5 / 100

  • Trust: 9/10
  • Trading: 9.5/10
  • Derivatives: 0/10
  • # of Coins: 4/10
  • Fees: 10/10
  • Customer Service: 10/10
  • Funding Options: 10/10
  • Recurring Buys: 0/10

FTX.US has industry-standard security, including a custom-built hot and cold wallet solution; full external backing of all hot wallet funds; and relationships with industry-leading custodians.

Low fees (across the board), excellent liquidity, margin trading, and 10x leverage make this a good option for traders.

Free (or low) deposit and withdrawal fees depending on the source, and low transaction fees.

FTX.US has limited coins, tradable pairs, and features, but we expect FTX.US to rapidly add these options soon. The current product is very good, and will continue to improve similarly to their parent product - FTX. The FTX brand is new, but rapidly growing and expanding. 

Bottom line: We expect big things out of this product.

Trading Fees: Maker Fee: 0.1% Taker Fee : 0.40%

# of Coins: 8

Tradable Pairs: 17

Click here for full FTX.us review


#4

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CEX.io

Rating: 71 / 100

CEX.io is 4th on our list, but still a great platform for US traders. The fees aren't terrible and they have a decent number of coins to trade, but they don't have recurring buying options, which lowers its appeal for us a bit.

Open Account

Overall Rating: 71 / 100

  • Trust: 8.5/10
  • Trading: 9.75/10
  • Derivatives: 0/10
  • # of Coins: 6.5/10
  • Fees: 8.5/10
  • Customer Service: 10/10
  • Funding Options: 10/10
  • Recurring Buys: 0/10

8.5/10 Trust Score and we love that they institute Proof of Funds.

Excellent API coverage, margin trading, and 100x leverage trading.

Lots of cool features coming: Savings Account, custody, and (rumored) automatic recurring buys.

On-site staking capability for certain coins.

No automatic recurring buy option.

Maker: 0.0% - 0.16% Taker: 0.10% - 0.25%

Click here for full CEX.io review


#5

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Bittrex

Rating: 70.5 / 100

Bittrex is a trusted US platform, but they are lower on our list because they do not offer margin trading. With many tradable cryptocurrencies on its platform, it can certainly be a good option for traders looking to invest in more obscure coins.

Open Account

Overall Rating: 70.5 / 100

  • Trust: 9/10
  • Trading: 7/10
  • Derivatives: 0/10
  • # of Coins: 10/10
  • Fees: 10/10
  • Customer Service: 10/10
  • Funding Options: 10/10
  • Recurring Buys: 0/10

9/10 Trust Score due to their scale/volume, cybersecurity, and excellent API coverage.

Excellent API coverage giving traders the ability to build out custom trading criteria, algorithms, and schedules.

While they do offer trading features, a ton of trading pairs, and 3x leverage Bittrex does not offer margin trading.

Low fees - free deposit, pay only the coin network fee for withdrawal (no fees paid to Bittrex), and 0.25% trading fee.

# of Coins: 314

Tradabe Pairs: 580

Click here for full Bittrex review




Our Ranking Methodology:

We use a 100 point ranking system (with sub-rankings as you’ll see on our matrix (link).

  • Trust: 35%
    • A high trust score means this is a very secure, respected product that has stood the test of time. It also means the exchange has put safeguards in place to protect from future attacks.
  • Trading: 20%
    • A good trading score proves excellent liquidity, user friendly features, speed, and reliability.
  • Recurring Buys: 15%
    • Recurring buys allow users to set recurring auto-purchases of their desired crypto. This is one of the most powerful features in the industry as it allows users to dollar cost average their position.
  • Fees: 10%
    • No one likes high fees. If you’re paying high fees you’re eating away at your portfolio.
  • # of Coins: 5%
    • A high number of cryptocurrencies gives traders optionality and an advantage.
  • Derivatives: 5%
    • Derivatives allow users to make traders that are precise and powerful based on their conviction within a certain timeframe.
  • Customer Service: 5%
    • If something goes wrong or you have any questions - you’ll be glad to know someone is there to help you.
  • Funding Options: 5%
    • We want you to get started as quickly as possible - and simple funding options empower you to start off running!