What makes the best Crypto Exchange?

To decide which Crypto Exchang is the best, we rate all Crypto Exchange on 6 different areas:

Table of contents

Rank Name Best Usecase Score Details
#2 Bitfinex 130 Pros/Cons Coupon/Review
#1 Binance 548 Pros/Cons Coupon/Review

The verdict: which Crypto Exchange are the best in 2024

2. Bitfinex
  • Bitfinex is a cryptocurrency exchange platform that allows users to trade various digital currencies.
  • It was founded in 2012 and is headquartered in Hong Kong.
  • The main purpose of Bitfinex is to facilitate the trading of cryptocurrencies like Bitcoin, Ethereum, Litecoin etc.
  • On Bitfinex, users can trade cryptocurrencies against fiat currencies like USD and EUR.
  • It also allows for margin trading and lending.
  • Some key features of Bitfinex are:
    • Advanced trading platform and charting tools
    • High liquidity for major cryptocurrency pairs
    • Margin trading with up to 3.3x leverage
    • Peer-to-peer financing market
Bitfinex Specifications
Name: Bitfinex
Website: http://www.bitfinex.com
Coupon Code: ❌
Free Credits: ❌
Free Trial: ❌
Yearly Discount: ❌
Unlimited Plan: ❌
No Creditcard Required: ✅
Read Review
Affiliate Program
Join Affiliate Program
Screenshot of Bitfinex Homepage

Bitfinex advantages and disadvantages

Pros Cons
  • Wide selection of cryptocurrencies: Bitfinex offers trading for over 140 different cryptocurrencies, one of the largest selections of any major exchange.
  • Advanced trading features: Bitfinex provides access to advanced trading tools like margin trading and short selling for experienced traders.
  • Low fees: Trading fees on Bitfinex start at 0.1% for market makers and 0.2% for market takers, which is lower than many other top exchanges.
  • High liquidity: As one of the largest exchanges, Bitfinex has high trading volumes and liquidity across many trading pairs.
  • Mobile app: Users can trade on Bitfinex via iOS and Android mobile apps in addition to the website.
  • Fiat support: Bitfinex allows deposits and withdrawals using fiat currencies like USD and EUR in addition to cryptocurrencies.
  • Security issues: Bitfinex has suffered some major hacks and security breaches in the past, losing millions of dollars worth of bitcoin.
  • Lack of transparency: Bitfinex has been criticized for not being transparent about its operations, reserves, and banking relationships.
  • Regulatory uncertainty: Bitfinex's location in the British Virgin Islands leaves it in a regulatory grey area without clear oversight.
  • Flash crashes: Bitfinex has experienced flash crashes in crypto prices, leading to temporary massive losses for some traders.
  • Controversies: Bitfinex has been embroiled in various controversies over the years, including Tether's questionable reserves and manipulation allegations.

Bitfinex Key Features:

  • Exchange Platform: Bitfinex operates a cryptocurrency exchange platform that allows users to trade various digital assets.
  • Margin Trading: Users can trade cryptocurrencies with leverage through margin trading.
  • OTC Trading: Bitfinex provides an over-the-counter (OTC) trading platform for large block trades.
  • Lending: Users can lend their assets to earn interest through the peer-to-peer financing market.
  • Staking: Bitfinex allows users to stake certain cryptocurrencies to earn rewards.
  • Derivatives: Bitfinex offers several crypto derivative products like futures, swaps and options.
  • Mobile App: Bitfinex has mobile apps for Android and iOS devices to allow trading on the go.
  • Multiple Order Types: Advanced order types like stop orders, trailing stops, fill or kill etc. are supported.
  • Security: Bitfinex employs various security measures like cold storage and 2FA authentication.
  • Starter: 0% maker fee, 0.1% taker fee, maximum leverage 3.3x
  • Professional: 0% maker fee, 0.2% taker fee, maximum leverage 10x
  • Elite: 0.1% maker rebate, 0.2% taker fee, maximum leverage 100x
  • Master: 0.2% maker rebate, 0.1% taker fee, maximum leverage 100x

VIEW Bitfinex Coupon VISIT Bitfinex Website

Back to top

1. Binance

get $100 USDT in free trading fees using our exclusive link

Sign up for Binance now and get $100 USDT trading fees.

  • Binance is one of the largest cryptocurrency exchanges in the world. It was founded in 2017 by Changpeng Zhao and is based in the Cayman Islands.
  • The primary purpose of Binance is to allow users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, and Binance Coin.
  • Binance offers one of the widest selections of cryptocurrencies of any exchange. It supports hundreds of trading pairs between different cryptocurrencies.
  • Binance also provides additional services beyond trading such as cryptocurrency wallets, futures contracts, lending services, and more.
  • Binance uses its own cryptocurrency, Binance Coin (BNB), to power features on its exchange. BNB provides discounts on trading fees and can be used to pay for transactions on the Binance network.
Binance Specifications
Name: Binance
Website: https://binance.com
Coupon Code: ❌
Free Credits: ❌
Free Trial: ❌
Yearly Discount: ❌
Unlimited Plan: ❌
No Creditcard Required: ✅
Read Review
Affiliate Program
Join Affiliate Program
Screenshot of Binance Homepage

Binance advantages and disadvantages

Pros Cons
  • Large selection of cryptocurrencies: Binance offers trading for over 500 different cryptocurrencies, the largest selection of any exchange.
  • Low trading fees: Standard trading fees are only 0.1%, much lower than most other exchanges.
  • High liquidity: As one of the largest crypto exchanges, Binance has very high liquidity across most trading pairs.
  • Wide range of advanced trading options: In addition to simple spot trading, Binance offers margin trading, P2P trading, futures, options, NFT marketplace and more.
  • Strong security: Binance uses industry-leading security practices like cold wallet storage and address whitelisting.
  • Multiple interfaces: Users can access Binance via desktop site, mobile app, API and more for convenience.
  • Staking features: Binance allows users to stake certain cryptocurrencies through locked savings accounts to earn interest.
  • Robust customer support: 24/7 multilingual customer support is available to resolve issues for Binance users.
  • Security risks: Binance has experienced several security breaches and hacks resulting in loss of funds for users.
  • Regulatory uncertainty: Binance has had issues with regulators in multiple jurisdictions due to a lack of regulatory compliance.
  • Customer support concerns: Users have frequently complained about poor customer support and slow response times from Binance.
  • Supports only crypto assets: Binance does not allow trading of securities or traditional financial assets.
  • Higher fees than some competitors: Binance's trading fees are higher than some other crypto exchanges.
  • Limited payment options: Binance only supports crypto deposits/withdrawals, which can be inconvenient for new users.
  • Complex interface: The trading interface on Binance can be complex and intimidating for novice traders.

Binance Key Features:

  • Trading platform - Binance has a fast, high-liquidity cryptocurrency trading platform with low fees.
  • Wide selection of cryptocurrencies - Over 500 different cryptocurrencies can be traded on Binance.
  • Spot and derivatives trading - Binance supports spot trading as well as futures, options and leveraged tokens.
  • Mobile apps - iOS and Android apps are available for trading on the go.
  • Staking - Binance allows staking certain coins to earn interest.
  • Savings - Flexible crypto savings accounts with interest rates.
  • P2P trading - Decentralized peer-to-peer trading with many payment options.
  • Binance DEX - Decentralized exchange built on Binance Chain blockchain.
  • Binance Charity - Donate and track cryptocurrency donations to charity.
  • Academy - Free educational content about crypto and blockchain.
  • Spot trading fees
    • 0.1% spot trading fee; 0.075% with BNB.
  • Binance Smart Pool
    • 0.5% total fee (0.25% to LPs, 0.25% to the insurance fund)
  • Margin trading fees
    • Interest rates vary based on leverage and asset borrowed.
  • Binance Earn
    • Deposit returns vary based on product invested in.
  • Binance Liquid Swap
    • 0.3% trading fee.
  • Binance Futures
    • Maker fee 0.02%, Taker fee 0.04%. Discounts with BNB.
  • Binance NFT Marketplace
    • 2.5% service fee.

VIEW Binance Coupon VISIT Binance Website

Back to top

Explorer The Best in Category