CRYPTOCURRENCY
EXCHANGES RATING

CRYPTO EXCHANGES

A cryptocurrency exchange is a platform where you can buy, sell, or exchange cryptocurrency. It is an online platform that allows you to track real-time cryptocurrency quotes online and profit from buying and selling digital assets.

The first cryptocurrency exchange was created back in 2009, where the first purchase of BTC for US dollars took place. At that time, it was an amateur project, as bitcoin was not yet that popular. Then, exchanges appeared in a more familiar sense to us, where it was already possible to exchange cryptocurrency at a fixed rate.

As the cryptocurrency market developed, the need for platforms where not only could one buy or sell digital coins but also earn money from it grew. Thus, modern cryptocurrency exchanges emerged - with trading platforms and tools for professional trading.

Compare

Position	Exchange	Rating	Reviews
	Binance	Rating: 9,4	Reviews: 164 Recommended exchange	Exchange Review More
binance.com Advantages Recognized leader among cryptocurrency exchanges, which is confirmed by key indicators Extensive list of trading instruments of spot and futures and options markets Wide opportunities for earning passive income from staking and mining Very simple and clear referral bonus system that can be set up in just a few clicks Quick deposit and withdrawal Multilingual support, which responds within a minute Bonuses Register right now for a 100 USDT discount! Register at the exchange
	KuCoin	Rating: 9	Reviews: 176 Recommended exchange	Exchange Review More
www.kucoin.com Advantages Mandatory verification is not required (you can trade while remaining anonymous) High speed of platform operation and high liquidity A multitude of various professional tools for technical analysis Low withdrawal fees (some coins can be withdrawn at zero fees) Exchange’s own token, which offers additional bonuses in the form of trading discounts and lower commission, provides an opportunity to participate in voting and listings. Over 800 trading pairs Prompt update for new and experimental cryptocurrencies Responsive customer support Bonuses Register by following our link right now and receive a starting reward of 100 USDT. Earn up to 500 USDT in cash rewards and 200 USDT in trading coupons! Register at the exchange
	Bitfinex	Rating: 8,9	Reviews: 160	Exchange Review More
www.bitfinex.com Advantages Wide choice of digital assets More than 49 instruments for technical analysis High liquidity 2 passive income options Reliable security of user accounts User-friendly mobile apps Register at the exchange
4	OKX	Rating: 8,5	Reviews: 141 Recommended exchange	Exchange Review More
www.okx.com Advantages Fiat is available for deposit/withdrawal and p2p trading. Wide range of trading positions, from classic swap to options. Good capitalization of assets (Stellar, NEO, USD Coin, Tether, Monero, etc.) with support of big investors (Tim Draper, Mandra Capital, etc.) Several staking options Bonuses Register using our link right now, receive a secret prize, and win up to 50 USDT Register at the exchange
5	Bitget	Rating: 8,5	Reviews: 111	Exchange Review More
www.bitget.com Advantages Two official licenses, regulation by U.S. and Canadian regulatory authorities Access to trading instruments without verification Wide selection of trading pairs Availability of 15 fiat currencies Spot and futures trading, access to copy trading and algorithmic trading No fees for spot trading Possibility of reducing fees for futures trading under conditions of the VIP program High leverage for futures trading: up to x125 Access to Academy, which features educational materials and latest trading news of the exchange Wide choice of bonus offers Promos include a referral program and other rewards programs Availability of a demo account Bonuses Register now and receive 1000 USDT as a reward! Register at the exchange
6	Bybit	Rating: 8,4	Reviews: 147	Exchange Review More
www.bybit.com Advantages Wide selection of contracts in the spot market and excellent conditions for margin trading of derivatives Several interesting passive income options User-friendly interface Zero deposit fee Abundance of bonuses Focus on novice traders 24h support Bonuses Receive exclusive referral rewards and a welcome gift of 5030 USDT Register at the exchange
7	MEXC	Rating: 8,1	Reviews: 115 Recommended exchange	Exchange Review More
www.mexc.com Advantages Intuitive interface available in many languages Several ways to register. No need for mandatory verification Possibility to connect 2FA to increase security No deposit fees The possibility of making a deposit in fiat through banking systems A wide selection of coins and trading pairs Minimal commissions - in the spot 0% for makers and trackers Access to spot, futures, ETFs and up to 200X leverage Large selection of programs for passive income Bonuses for new users Separate section with training materials Quality support service Bonuses Receive a bonus of 1000 USDT Register at the exchange
8	WhiteBIT	Rating: 8,1	Reviews: 141	Exchange Review More
whitebit.com Advantages The trading fee in the spot market is not higher than 0.1% Wide selection of trading pairs – up to 500 Two-factor authentication for increased security It is possible to perform financial transactions with fiat money Passive income through SMART lending Web platform and mobile apps High quality of customer support service Referral program Bonuses Register using our link right now, replenish your balance, and participate in the festive draw with a prize pool of 3300 USDT. Register at the exchange
9	HTX	Rating: 8	Reviews: 149 Recommended exchange	Exchange Review More
www.huobi.com Advantages Wide variety of coins and trading pairs, including crosses There are futures with different expiration terms in the spot market Big choice of staking options with high profitability for certain coins Up to $300 welcome bonus Support of 50 fiat currencies Convenient multi-currency Huobi Wallet Bonuses Register now using our link on HTX to unlock a Mysterious Box containing Cryptocurrency worth up to 1500 USDT in each! Register at the exchange
10	Dzengi.com	Rating: 7,9	Reviews: 114	Exchange Review More
Dzengi.com Advantages High level of regulation Wide choice of tokenized assets Leverage up to 500x Educational and analytical materials for beginners Over 75 indicators for market analysis Zero-commission cryptocurrency trading Bonuses Register using our link right now and get a 10% discount on commissions! Register at the exchange
11	Kraken	Rating: 7,8	Reviews: 143	Exchange Review More
www.kraken.com Advantages Quick work of customer support. The response to any question in the live chat comes within a couple of minutes. A customer support agent can be contacted by phone. Low average fees. With high trading volumes, it is possible to achieve zero fees. Quick procedure for crediting cryptocurrency to your account. OTC trading for all currencies. High level of security is ensured by holding user assets in cold wallets. Register at the exchange
12	Coinbase	Rating: 7.5	Reviews: 141	Exchange Review More
www.coinbase.com Advantages Secure and user-friendly wallet. Good mobile app. High level of security. Coinbase holds 99% of clients’ cryptocurrencies in cold storages, and also pays huge attention to security issues. Referral program. You can invite new customers and earn a commission, if the trade amount is higher than $100. Deposit insurance. This option is available only to US citizens, if they hold their money in US dollars and use Coinbase wallet. Legitimacy. Coinbase complies with the law of 32 countries, where it operates. This improves reliability and trust towards the exchange. Simple interface. The exchange is excellent for beginners. The interface is simple and intuitive. You can get access to the functionality and transactions of the exchange in just a few clicks. Register at the exchange
13	BingX	Rating: 7,5	Reviews: 101	Exchange Review More
bingx.com Advantages Simple interface, clear site navigation No need for mandatory verification to start trading, deposit or withdraw funds Confirmation of 100% margin reserves Commissions are below the market average for spot and futures trading Availability of different ways to deposit funds, including the ability to buy coins for fiat Ability to buy and sell coins via P2P Large selection of cryptocurrency pairs Ability to buy/sell stocks, goods, etc. Availability of copy-trading option Availability of leverage up to x150 Possibility of passive income from unused currencies Availability of an affiliate program Bonus program and opportunity to receive additional awards Multiple channels for communication with the support team Bonuses Receive 5,000 USDT in rewards - 30 USDT Max reward for registration - 500 USDT Max reward for deposit - 5,000 USDT Max reward for trading Register at the exchange
14	Crypto.com Exchange	Rating: 7,4	Reviews: 133	Exchange Review More
Advantages Good conditions for lending Passive income options Wide selection of assets Low commissions and fees User-friendly trading platform Quick deposit/withdrawal Register at the exchange
15	Gate.io	Rating: 7	Reviews: 148	Exchange Review More
www.gate.io Advantages Wide selection of trading assets, including popular digital coins and rather exotic tokens. Basic instruments, including the TradingView, are available for market analysis. Listing feature that allows you to add your own tokens to the website. Simple and easy registration Reduced commission rates only for high monthly trading volumes. User-friendly mobile platform that allows you to trade at any time. Passive income options include copy trading. Bonuses Win up to $100 in Welcome Rewards Register at the exchange
16	HitBTC	Rating: 7	Reviews: 109	Exchange Review More
hitbtc.com Advantages Wide selection of markets and trading instruments Availability of unpopular and new cryptocurrencies Possibility of using fiat money Spot and futures trading Leverage up to x100 Fees are lower than average in the market Discounts for token tiers Flexible user account settings Two-factor authentication and other technologies to improve security Demo account Register at the exchange
17	Bullionz	Rating: 7	Reviews: 2	Exchange Review More
www.bullionz.com Advantages Cutting-edge, innovative project Trading available for both digital assets and gold User-friendly platform with analytical tools Opportunities for additional passive income Bonuses Bullionz doesn\'t offer traditional bonuses. However, there are rewards for trading BTXG tokens, which we discussed in the passive income section. These are additional funds that developers call \"zero risk yield,\" and users will receive them as long as they trade digital gold on this platform. Register at the exchange
18	Poloniex	Rating: 6,9	Reviews: 71	Exchange Review More
poloniex.com Advantages Low fees Wide selection of cryptocurrencies Quick user verification No deposit fee Several security levels User-friendly mobile app Analytical data and news Bonuses Register and receive a welcome bonus of up to $1000. Create an account and get a 10% discount on trading fees. Register at the exchange
19	PrimeXBT	Rating: 6,9	Reviews: 150	Exchange Review More
primexbt.com Advantages Wide opportunities to make money on cryptocurrency futures Modern trading platform equipped with professional analytical tools Some of the lowest taker and maker commissions on the market Round-the-clock support Copytrading for passive earnings Bonuses Welcome bonus $100 Register at the exchange
20	CoinEx	Rating under review	Reviews: 123	Exchange Review More
www.coinex.com Advantages Easy-to-use and understand interface, availability of mobile apps Security through two-factor authentication and storing funds in cold wallets Wide selection of coins and markets Simple registration that takes several seconds It is possible to fund your account at zero deposit fee Quick deposit and withdrawal Spot and futures trading, access to margin lending with leverage up to 100x Various passive income options Special offers and promotions Access to analytical and educational materials Register at the exchange
21	BitMEX	Rating under review	Reviews: 106	Exchange Review More
www.bitmex.com Advantages Trading volume in the market is higher than average Leverage of up to x100 Low Taker fee Cash back for Makers Flexible interface customization Multilingual interface and customer support High level of security (2FA), and users’ funds are held in cold wallets No deposit/withdrawal fee Support of an insurance fund Availability of a demo version Register at the exchange
22	EXMO	Rating under review	Reviews: 98	Exchange Review More
exmo.com Advantages Intuitive, minimalist interface Ability to connect two-factor authentication to protect your account Ability to replenish the account and trade with fiat Quick Registration Ability to deposit cryptocurrency without commission Low commissions for depositing fiat funds into the account Fast deposit and withdrawal of funds Availability of spot trading with leverage up to x30 Staking and referral program for passive income Access to feature articles and tutorials The possibility of using OTC trading in transactions of large sums Register at the exchange

Types of Cryptocurrency Exchanges

Cryptocurrency exchanges are divided into 2 types:

Centralized

Decentralized

The largest and most well-known exchanges are centralized, such as Coinbase or Binance. Their operating principle is largely similar to traditional stock exchanges: the client opens an account and deposits funds, from which they conduct transactions to buy and sell coins. These exchanges are used for "cryptocurrency - fiat" (and vice versa), "cryptocurrency - cryptocurrency" transactions.

Decentralized exchanges differ in that they do not have a single center of control. The client's funds are stored not on the company's accounts but on their own crypto wallet. They are built on the principle of peer-to-peer exchange: the service does not hold crypto assets, all transactions are carried out directly between users (buyer and seller) on smart contracts or atomic swaps.

Which exchange is better to choose?

Today, there are several hundred crypto exchanges, and it is not easy for traders, especially beginners, to decide which one to choose. Here are the top main criteria to pay attention to:

Reliability

Unfortunately, not all companies in the crypto market deserve trust. There are scammers, phishing sites, and poorly secured exchanges, often subject to hacker attacks. Before registering on a crypto platform, check its security systems to ensure the confidentiality of your finances and personal data. Pay attention to whether the platform has two-factor authentication when logging into an account (reliable exchanges do).

Regulated exchanges are considered the safest (although they have higher fees). If you want to find such a platform, visit the "Regulated Exchanges" section of the site.

Fees

Each crypto exchange charges a specific fee for depositing funds, withdrawing funds, trading, and other financial operations. However, there are exchanges where you can save on fees thanks to special offers for clients.

Margin trading

If your goal is not just to buy cryptocurrency or exchange it for regular money, but to make money on the difference in exchange rates, then you should choose exchanges with margin trading options. Margin, or leverage, allows you to use the exchange's borrowed capital in trading to increase the volume of your transactions and, consequently, get more profit.

Trading tools

If you are new to crypto trading, you will need exchanges with a demo account. If you have experience, you will probably prefer an exchange with a good arsenal of analytical tools. Also, find out if the exchange has the cryptocurrency you want to buy or sell.

Choosing an exchange on your own can take several weeks. But with Wellcrypto, you can do it in just a couple of hours! That's because our experts have already done the most difficult work for you: they have checked the platforms for reliability and compiled a detailed "resume" for each crypto exchange.

Choose any exchange in the rating and click "More" - you will see the main advantages of the platform. And if you click on the project name itself, you will go to a page with a detailed description, where the following are indicated:

Pros and cons of the exchange
Overall rating score and scores for each indicator (e.g., fees, customer support, regulation, etc.)
Trading conditions, deposit methods, account types, etc.

Probably nowhere else will you find such comprehensive and objective information about popular cryptocurrency exchanges as in the reviews from Wellcrypto specialists. Use our work for profitable and comfortable trading!

How to Start Trading on a Cryptocurrency Exchange

First step

Registration, or creating an account. Typically, this is a fairly simple procedure: you will need standard information: first name, last name, date of birth, email address (sometimes also a phone number) and a password to log in to your personal account.

Lifehack!
In the Wellcrypto cryptocurrency exchange rating, you will find a "Register on the Exchange" button right under the platform's brief description. Click on it to instantly go to the registration form on the exchange's website. It's fast and convenient.

Second step

Account verification (available on most exchanges). For this, you need to provide photos of your identification document, such as an ID card or passport. This is necessary to protect your funds from fraudsters: you don't want just anyone to be able to withdraw money from your account.

Third step

Depositing funds for trading. Deposit methods depend on the platform's terms, but usually, the main ones are:

Bank transfer. A reliable, proven method, but it takes a few days.
Visa and Mastercard bank cards. A fast and convenient method, available to almost everyone. The only downside may be the fees.
Crypto wallets. The easiest option for those who already deal with digital currencies.

Notethat in our rating, some cryptocurrency exchanges offer additional cash bonuses when depositing. You can use these funds in trading to increase potential profits.

Fourth step

Trading. Enter the trading platform, choose the cryptocurrency pair you need, and conduct transactions to buy or sell digital assets. Remember that the principle of making money on cryptocurrency is the same as with other exchange assets: buy cheaper, sell more expensive, and take the difference as income.

Advice:
If you're a beginner crypto trader, there's a special section for you called "Best Cryptocurrency Exchanges for Beginners". There you'll find the top companies to make your start easy.

Expert conclusion

You should approach the choice of a cryptocurrency exchange where you can quickly, reliably, and most profitably carry out transactions with cryptocurrencies responsibly. You need to take many factors into account (from checking the site for security to user reviews) to find the optimal option.

If you want to simplify the process and not make a mistake in choosing, which will largely determine the result of your trading, use our rating. And to find out which exchanges are the leaders in this year's rating? We recommend checking out the "Best Cryptocurrency Exchanges 2023" section.

Wellcrypto experts have collected the most useful information about the top exchanges, as well as placed quick links for direct secure access to cryptocurrency exchange websites. Choose, trade, and earn!

Reviews on cryptocurrency exchanges

Below you can familiarize yourself with the latest reviews on crypto exchanges, left by clients of trading platforms. We inform you that all reviews have been moderated by our experts, therefore they represent an objective assessment of the work of cryptocurrency exchanges presented in our rating.

Leave a review about your interaction with any exchange from our list, where you already have an account opened or have already traded, and thus you will help to form a more objective and realistic picture of the work of each crypto exchange.

Bitget

Northbound

1 day ago

The main value of the review is that it presents the exchange as a working system rather than a brand. There are markets, orders, user funds, rules, limits, support procedures, regional restrictions, and risk signals. Seeing all of that together makes the decision slower, but much safer.

Bitfinex

MarketReader

1 day ago

After reading this, I would not transfer my full balance there immediately. But testing the exchange with a small amount, checking a deposit, placing a basic order, trying a withdrawal, and contacting support once would be a reasonable next step.

BingX

GlitchinK18

2 days ago

The Earn and staking section was useful because it avoided the usual passive-income tone. Lock-up periods, regional restrictions, asset risk, changing conditions, and platform risk all matter. A displayed percentage is only the beginning of the question.

Binance

Alex Morgan

2 days ago

The platform seems stronger for spot trading than for passive income products.

PrimeXBT

JoshuaG

3 days ago

tarding some of the new tokens that just were added like PLUME/USDT or TURBO/USDT…

MEXC

Steven Moore

5 days ago

Reviews like this help one get to know an exchange! The exchange seems okay, but not something I’d rush into.

Gate.io

Karen

5 days ago

Clear, useful and not too promotional. That’s already a good sign.

WhiteBIT

Samuel

6 days ago

I care less about bonuses after reading this. Execution matters more.

PrimeXBT

DerekP

7 days ago

I liked that the review does not dramatize every limitation. Every exchange has restrictions. The real question is whether they are clearly explained, applied consistently, and relevant to your own use case. The article gives enough information to start that evaluation.

Coinbase

Justin Reed

8 days ago

I liked that the article didn’t push me toward action. In crypto content, there is often pressure to register, trade, deposit, claim, or not miss an opportunity. Here the tone is closer to: check, compare, think, and decide whether the platform fits your situation.

CRYPTOCURRENCY EXCHANGES RATING