4 Best Crypto Exchanges of January 2023 | Money

Question

4 Best Crypto Exchanges of January 2023.
Gabriel Rodríguez covers financial products, service reviews, and tech at Money. He is completing his MA in Translation at the University of Puerto Rico.
8 Best Crypto Wallets of January 2023 5 Best Crypto Staking Platforms of 2022 What Is a Crypto Wallet? What Is Blockchain? Is Bitcoin Safe?
Editor: Claudia Rodríguez Hamilton.
Lead Editor | Joined February 2018.
Claudia is a lead editor at Money. Prior to joining Money, she worked as a writer and where to copy trade crypto translator. Claudia holds a master's degree in Translation from the University of Puerto Rico.
Published: Jan 05, 2023 24 min read.
Share.
Page URL.
Link copied!
Rankings as of Jan 05, 2023.
Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services.
Ads by Money. We may be compensated if you click this ad. Ad.
$0 Commission Platform.
Commission-free and social platform to discuss strategy with other investors.
Platform rewards users for consuming educational material.
#1 on the Cybersecurity Ranking and CERtification Platform.
Automatically invest on a scheduled basis with dollar-cost averaging.
Uses elevated account limits to verify a buyer's integrity, but not their identity.
$0 commission fees (1-2% markup fees still apply)
0.40% - 0.00% / 0.60% - 0.05%
0.0750% - 0.00% / 0.0750% - 0.0440%
$0 fees on some coins; 0.4000% - 0.0000% / 0.6000% - 0.0500%
0.0012 / 0.0088 BTC per 1 BTC or 14.21 / 104.24 BSQ per 1 BTC.
$0 Commission Platform.
Our Partner.
Download App.
Company Highlight.
Commission-free and social platform to discuss strategy with other investors.
Number of Tradable Cryptocurrencies.
Transaction Fees (Maker/Taker)
$0 commission fees (1-2% markup fees still apply)
Account Minimum.
Best for Beginners.
Start Investing.
Company Highlight.
Platform rewards users for consuming educational material.
Number of Tradable Cryptocurrencies.
Transaction Fees (Maker/Taker)
0.40% - 0.00% / 0.60% - 0.05%
Account Minimum.
Best for Security.
Start Investing.
Company Highlight.
#1 on the Cybersecurity Ranking and CERtification Platform.
Number of Tradable Cryptocurrencies.
Transaction Fees (Maker/Taker)
0.0750% - 0.00% / 0.0750% - 0.0440%
Account Minimum.
Best for Low Fees.
Binance.US Cryptocurrency Exchange.
Start Investing.
Company Highlight.
Automatically invest on a scheduled basis with dollar-cost averaging.
Number of Tradable Cryptocurrencies.
Transaction Fees (Maker/Taker)
$0 fees on some coins; 0.4000% - 0.0000% / 0.6000% - 0.0500%
Account Minimum.
Best Decentralized Exchange.
Bisq Cryptocurrency Exchange.
Start Investing.
Company Highlight.
Uses elevated account limits to verify a buyer's integrity, but not their identity.
Number of Tradable Cryptocurrencies.
Transaction Fees (Maker/Taker)
0.0012 / 0.0088 BTC per 1 BTC or 14.21 / 104.24 BSQ per 1 BTC.
Account Minimum.
Crypto exchanges are where to copy trade crypto traders can buy, sell and convert different cryptocurrencies and NFTs (non-fungible tokens). They are necessary for digital assets to be traded at the scale they are today. Some exchanges offer the most competitive prices or speeds, whereas others provide specialized financial products.
Read on to learn about the best cryptocurrency exchanges, how they work, and which one you should pick.
What happened with FTX Crypto Exchange.
On November 11, 2022, FTX — previously one of the largest crypto exchanges in the world — put out a statement on its Twitter page that it was filing for Chapter 11 bankruptcy and its CEO Sam Bankman-Fried was resigning. This was a huge shock to the entire crypto ecosystem and has greatly affected the way people perceive the industry.
Suffice it to say, 2022 has not been a good year for crypto. Nonetheless, the exchanges included in our top picks list have transparent financial backing and a strong cybersecurity infrastructure.
If you’re looking for the absolute safest way to manage your crypto, consider buying a cold wallet (you can find our pick for the best hardware wallet in our list of best crypto wallets).
Our Top Picks for the Best Crypto Exchanges of January 2023.
Coinbase - Best for Beginners Binance.US - Best for Low Fees Crypto.com - Best for Security Bisq - Best Decentralized Exchange.
Ads by Money. We may be compensated if you click this ad. Ad.
Build your ultimate crypto portfolio.
Public provides investors, from beginners to experts, with a comprehensive crypto trading experience, on a powerful yet user-friendly platform. Start investing today by clicking on your state!
Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures.
Best Crypto Exchanges Reviews.
Start Investing.
Best for Beginners: Coinbase.
Intuitive, user-friendly interface and easy purchase process Broad assortment of educational material Wide selection of cryptocurrencies.
Higher fees Complex fee structure.
Why we chose it: We chose Coinbase as the best crypto exchange for beginners because of its easy-to-use interface, extensive educational material on everything from blockchain to volatility, and robust security features.
If you’re familiar with crypto, chances are you’ve already heard of Coinbase. The exchange is one of the largest and most well-known in the U.S., and its debut on the public market last year was seen by many as a legitimization of the crypto market.
The Coinbase platform does a great job of lowering the barrier to entry for investing in crypto, with a straightforward onboarding process that eases users into trading. At the same time, its interface makes navigating the platform and managing crypto a seamless experience.
Coinbase also features a comprehensive and accessible variety of learning materials. Users are encouraged to use these resources through the Coinbase Earn program, which teaches how to trade specific cryptocurrencies and rewards users with free crypto.
Lastly, the exchange’s security features are worth mentioning: Coinbase uses two-factor authentication on all versions of its platform, stores 98% of customers’ crypto offline, and has an insurance policy to protect custodial accounts of up to $250,000 (in line with per-depositor FDIC coverage limits). Such robust measures are why Coinbase is ultimately worth it, crypto trade copier despite the higher fees.
Users who enjoy Coinbase but would like more advanced trading and charting features may want to look at the company’s other exchange platform, Coinbase Pro.
Start Investing.
Best for Low Fees: Binance.US.
Outstanding cybersecurity infrastructure Low fees if your account is funded with cash transfers Advanced trading charts and data graphs.
Credit card purchases currently unavailable Some services are not available in select U.S. states.
Why we chose it: We chose Binance.US as the best crypto exchange for low fees because it features one of the most generous fee structures across all the trading platforms we considered.
Binance is the world’s largest cryptocurrency exchange by trading volume, and forex copy trade service its United States partner, Binance.US, offers many of the former's advantages. One of its greatest assets is a competitive maker/taker fee structure that tops out at 0.1%. This fee starts low and keeps getting lower as your trading volume increases.
Binance.US also offers discounts for using Build and Build (BNB), one of the world's most popular utility tokens, to buy and sell other coins.
The exchange features more than 150 cryptocurrencies, all of which are purchasable with USD, saving money in conversion fees for those who want to buy crypto directly.