12 best Cryptocurrency Exchanges for beginners in 2025

Finding the best crypto exchange for beginners involves more than just choosing a popular name. New users need crypto exchanges that combine ease of use, secure infrastructure, low fees, and accessible learning tools. Whether you’re buying your first Bitcoin, exploring altcoins, or testing out copy trading, the right exchange will shape your early experience.

This list compares leading platforms and wallets based strictly on verified features such as supported payment methods, crypto offerings, fee structures, and beginner-focused tools. It also includes non-custodial wallets like MetaMask and Phantom for those seeking direct and simplified purchase options without a centralized exchange.

Best Cryptocurrency Exchanges For Beginners

Coinbase – Best crypto exchange for long-term holders

Coinbase is one of the most recognizable US-based marketplaces for digital assets. For many readers searching for the best crypto exchange for new traders, the platform’s clear layout, straightforward menus, and packed library of guides make it an obvious starting point.

Those guides walk through everything from wallet backups to staking, turning cryptocurrency trading for beginners into a manageable step-by-step process.

Its catalogue runs into the hundreds, from big-name coins to experimental tokens, so newcomers can explore the market under a single unified interface.

A subscription named Coinbase One, priced at USD 29.99 a month, trims trading costs, supplies tax documents, and places members first in the support queue. On Advanced Trade, maker and taker charges currently range between 0 percent and 0.6 percent, with rebates for a higher volume.

Key features

• Beginner-friendly interface and simplified navigation.
• Supports fiat purchases using credit cards and bank transfers.
• Offers educational materials to help users learn about crypto.
• Regulated exchange known for its accessibility to new users.

Pros

• Hundreds of tradable cryptocurrencies
• Multiple advanced interfaces and a built-in hot wallet
• Private-client desk and NFT platform

Cons

• High fee as compared to competitors
• Smaller volumes have larger percentage fees

Crypto.com – Best for mobile traders

Crypto.com, a widely used global trading platform, is recognized for its mobile-friendly app, DeFi wallet storage, and crypto reward features. Its US based exchange gives American crypto investors access to advanced tools like staking, Crypto Baskets with set token ratios, and over 5,000 U.S. fee-free stocks and ETFs.

The platform supports more than 400 cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, and accepts over 20 fiat currencies. Users can also perform crypto swaps via the rebranded DeFi wallet, now called Crypto.com Onchain.

Key features

• All-in-one mobile app combining crypto trading, U.S. stocks, and Visa card perks.
• Thematic Crypto Baskets portfolios.
• Self-custody Onchain wallet that keeps private keys with the owner and enables on-chain swaps.
• Portfolio widget & custom price alerts on both iOS and Android.

Pros

• 400+ cryptocurrencies.
• Phone-first design with reward paths.
• Non-custodial wallet storage.
• Staking for Ether, Solana, Cronos, and more.

Cons

• Not yet licensed in New York.
• Debit and credit card purchases carry higher fees.

Kraken – Best for security

Founded in 2011, Kraken ranks among the oldest crypto exchanges still in continuous operation, and it has made security its main selling point. While veterans praise its depth, some analysts still call it the best crypto broker for beginners that prioritizes safety.

Kraken lists more than 400+ crypto pairs and backs them with a comprehensive security management approach that features cold wallet storage, regular penetration tests, SSL encryption, proof-of-reserves audits, and strict legal-compliance checks. With that, it offers a high-priority 24/7 support that answers chat and emails around the clock.

Traders can trade spot markets or borrow up to 5x margin to boost liquidity, a ceiling that keeps crypto trading for beginners within more controlled limits. It also features an NFT marketplace that charges no gas fees. Furthermore, the exchange accepts deposits in several fiat currencies.

Key features

• Known for strong security and regulatory compliance.
• Often compared to Binance.US as a safe exchange for active traders.
• Offers both spot and futures crypto trading.
• Widely used by U.S.-based and global traders for secure operations.

Pros

• An extensive library of tutorials and explainers.
• Lite mode for seamless trading, especially suited for beginners.
• A suite of advanced charting and order tools.

Cons

• The futures platform remains restricted for US residents.
• Consultation and account management services are only available to high-net-worth users.

Bitget – Best for beginners

Founded in 2018, Bitget has emerged as a favored crypto exchange for beginners entering the cryptocurrency space, especially those exploring copy trading. The platform enables new users to gain exposure using the advanced trading strategies of seasoned investors, simplifying the learning curve for novice traders.

Bitget is noted for its user-friendly interface, designed to make trading crypto for novice traders easy. Among its most valued tools is a demo trading account, which allows users to practice trades without financial risk. This feature aims to build users’ confidence before transitioning to live trading environments.

Security is another area where Bitget places significant focus. The platform secures user assets through cold storage systems and multi-signature wallets, providing traders with added peace of mind.

Bitget supports both the spot and futures trading process, offers full fiat services, and maintains low trading fees. These benefits contribute to its appeal among entry-level traders. However, some concerns persist, including slow support response times and limited regulatory oversight.

Despite these drawbacks, Bitget continues to grow as a go-to option for novice traders seeking a simplified entry point into the cryptocurrency market.

Key features

• Popular for copy trading with experienced traders.
• Beginner-focused tools include a demo account for practice.
• Supports spot and futures trading with full fiat services.
• Emphasizes asset protection with cold storage and multi-signature wallets.

Pros

• Low fee structure across markets
• Large, active crypto trading community
• Broad menu of spot and derivatives pairs
• Good crypto exchange for beginners.

Cons

• Customer-service replies can lag at busy times
• Operating licenses remain limited in some jurisdictions

Binance.US – Runner-up for low fees

Binance.US continues to rank among the most popular exchanges in the United States, frequently compared to Kraken for its strong security measures aimed at active blockchain traders. Though considered a leading platform, it currently stands as a runner-up among major cryptocurrency exchanges due to legal challenges involving its parent company, BAM Trading Services, which faces charges over unethical practices.

Like many crypto exchanges, Binance.US operates in a regulatory environment where investigations and enforcement actions are not uncommon. Investors are advised to conduct thorough research before choosing a platform.

For those trading cryptocurrency for beginners, Binance.US offers multiple safety features including data privacy controls, real-time security monitoring, a completed SOC 2 audit, and a self-service account lock. These protocols are designed to enhance user protection and platform integrity.

It also makes crypto journey easy for beginners via the Binance Academy, where new users can learn all about blockchain and crypto.

The exchange is known for offering low trading fees and features suitable for all crypto traders. Available services include cold-wallet storage, staking, and trading tools based on market trends, educational resources, and advanced trading features.

Key features

• Low trading fees and support for users of all levels.
• Offers staking, cold-wallet storage, and spot trading features.
• Robust security measures including SOC 2 compliance and cold storage.
• Not available in some regions; no futures or margin trading for U.S. users.

Pros

• Free bitcoin pairs and broad fee discounts.
• Educational resources provided via Binance Academy.
• No deposit fees.

Cons

• Futures and margin products are not offered in the US.
• Regulatory clouds may concern some users.

Cash App – Best for Bitcoin holders

Cash App is gaining recognition as one of the best crypto apps in the U.S., especially for beginners, thanks to its simple and accessible mobile interface. Users can trade over 1,800 stocks and ETFs without commission. By linking their Cash App balance, investors can easily buy, sell, send, or receive Bitcoin.

A unique feature allows users to convert a portion of their paycheck into Bitcoin via direct deposit. The app also supports Lightning Network transfers, enabling fee-free Bitcoin payments between friends. Cash App includes an in-app custodial wallet, with trading starting at just $1.

Key features

• Allows Bitcoin buying, selling, and transferring through the app.
• Supports commission-free trading of 1,800+ stocks and ETFs.
• Lightning Network integration for fee-free Bitcoin transfers.
• Offers paycheck-to-Bitcoin conversion and in-app custodial wallet.

Pros

• Zero minimum account size.
• Banking, stocks and bitcoin in a single application.
• Fractional shares across a broad equity catalogue.

Cons

• Bitcoin is the only supported cryptocurrency; no altcoins.

Gemini – Intuitive user interface

Gemini, a regulated crypto exchange for beginners based in the United States, operates in more than 70 countries and supports over 70 crypto assets. It is widely regarded as a best crypto trading platform for beginners, offering a simplified trading interface and features aimed at easing new users into the digital assets space.

The platform supports major cryptocurrencies such as bitcoin, ether, and solana, along with several stablecoins, including digital assets like Tether and its own Gemini Dollar (GUSD). However, unlike other major crypto exchanges, Cardano is not available on Gemini.

The Basic interface is tailored for newer investors and includes options to schedule recurring purchases and earn staking rewards on selected assets.

More advanced users can switch to the Gemini ActiveTrader interface, which offers up to 100x leverage on perpetual futures (outside the U.S.), faster trade execution, and access to over 300 trading pairs. It also includes integrated TradingView tools for detailed market analysis.

Gemini’s trading fees fall in the middle range, but the platform allows small minimum trades, helping those learning how to buy cryptocurrencies for beginners with limited capital. Staking options for U.S. users are currently limited to polygon and ether.

A responsive customer support is available through email, a webform, and chatbot. Phone support is not provided.

Key features

• Regulated under a New York trust charter; available in 70+ countries.
• Basic and Active Trader modes for different user levels.
• Supports top digital assets like Bitcoin, Ether, Solana, and stablecoins.
• Offers staking for Ether and Polygon; low minimum trade sizes.

Pros

• TradingView integration with advanced charts
• NFT exposure through Nifty Gateway
• Licensed in all fifty US states

Cons

• Derivatives are locked out for American users
• Only three coin-staking options
• Shorter asset list than many peers
• Fee tiers can be confusing

Bybit – Best derivatives trading cryptocurrency app

Launched in 2018, Bybit has grown to serve over 42 million users worldwide, establishing itself as a leading platform for leveraged trading. Known for its extensive derivatives offerings, Bybit supports perpetual contracts with leverage up to 100x.

The exchange provides USDT- and USDC-margined contracts, appealing to those who prefer stablecoin collateral. It also features Coin-M contracts, allowing trades to be margined and settled in cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), depending on user preference.

Bybit includes a developed options market for BTC and ETH, along with margin trading at up to 5x leverage. Both cross and isolated margin modes are available. For those trading crypto for beginners, the platform integrates tools for risk management, along with technical indicators and charting systems to help users make informed decisions.

Key features

• Offers up to 100x leverage on perpetual futures contracts.
• Supports USDT, USDC, and Coin-M margined trades.
• Includes options trading and 5x margin.
• Provides advanced charting tools and risk management features.

Pros

• Deep catalogue of leveraged products, including 100× perpetuals
• Choice of stablecoin-margined or coin-margined contracts
• Full options board for BTC and ETH
• Margin up to 5× with selectable modes
• High order-book liquidity and rapid matching engine

Cons

• Few fiat deposit and withdrawal options
• Service not offered in the United States

BingX – Best crypto app for copy trading

BingX is gaining recognition as one of the best crypto apps for beginners, offering trading tools designed for users new to cryptocurrency trading. The platform features a copy trading system that allows users to replicate the strategies of over 17,000 professional traders. Each trader’s profile displays key data, including win rate, total earnings, and full trading history.

Supporting more than 1000+ spot cryptocurrencies, BingX gives access to major crypto assets such as Bitcoin, Ethereum, and Ripple. A demo trading mode is available, enabling users to practice strategies without financial risk, which helps newcomers understand the behavior of crypto markets before trading live.

BingX also includes features such as grid trading bots and high APR staking options. For derivatives traders, it offers leverage up to 125x on perpetual futures and standard futures with set expiry dates, making it a comprehensive platform for beginners.

Key features

• Copy trading access to over 17,000 expert traders.
• Supports more than 800 cryptocurrencies.
• Demo cryptocurrency trading and grid bots for strategy testing.
• Leverage up to 125x on perpetual futures and standard futures.

Pros

• Wide spread of trade choices, including advanced copy trading
• Beginner friendly exchange.
• Competitive fees across various tiers
• Supports a broad range of coins and several fiat rails

Cons

• No-KYC withdrawals may heighten fraud risk
• Limited public insight into regulatory compliance

MEXC – Best app for buying crypto without KYC

MEXC, founded in 2018, is gaining recognition as the best app to buy crypto for beginners and one of the most popular exchanges for users seeking privacy and low costs. The exchange has over 10 million users worldwide and supports withdrawals of up to 10 BTC per day without KYC verification.

The platform lists more than 2,500 cryptocurrencies and 3,000 pairs. With a low $10 minimum investment, MEXC lowers the entry threshold for newcomers. It accepts payments through credit cards, Apple Pay, Google Pay, and bank transfers.

MEXC operates as one of the zero-fee online brokers, charging 0% on maker and taker spot orders. Taker fees on futures trades are set at just 0.01%, helping users reduce overall trading expenses.

The mobile app, considered one of the best crypto platforms, includes demo and copy trading features, along with educational resources and real-time data to guide both new and advanced traders.

Key features

• No-KYC withdrawals up to 10 BTC per day.
• Supports 2,500+ cryptocurrencies and 3,000 pairs.
• Zero-fee spot trading; 0.01% taker fee for futures.
• Mobile app includes demo, futures, and copy trading plus educational resources.

Pros

• Zero maker and taker fees on spot trades
• Futures taker fees are only 0.01 percent
• Withdrawals up to 10 BTC daily without identity checks
• Catalogue of thousands of coins and sophisticated charts

Cons

• Not available in every country or US state
• No-KYC exchange, which may raise anti-money-laundering flags

MetaMask – Best crypto wallet app

MetaMask, launched in 2016, has become one of the most widely used non-custodial crypto wallets, now serving over 30 million users monthly. Recognized as a top app for those learning how to buy cryptocurrencies for beginners, the wallet supports Ethereum and ERC-20 tokens and provides access to thousands of decentralized exchanges and DeFi services.

Available as a browser extension for Chrome, Firefox, Brave, and Edge, MetaMask also offers a mobile version for iOS and Android. Its simple interface makes it accessible for users managing crypto across multiple devices. Overall, MetaMask is an easy to use crypto wallet, specifically suited for Ethereum buyers.

Security is a key focus, with strong encryption and a 12-word recovery phrase provided for each wallet. MetaMask also integrates with hardware wallets like Ledger and Trezor for added protection.

A built-in swap feature helps new users exchange tokens directly within the app. Supporting a wide range of tokens, MetaMask is compatible with networks such as Ethereum, BNB Smart Chain, Polygon, and other layer-2 solutions. NFT storage is also supported, including ERC-721 and ERC-1155 standards.

Key features

• Non-custodial wallet supporting Ethereum and ERC-20 tokens.
• Integrated swap feature pulling liquidity from DEXs.
• Compatible with Coinbase Pay and MoonPay for purchases.
• Supports NFT storage and works with hardware wallets.

Pros

• Quick installation and clear interface.
• One-click access to dApps and DeFi ecosystems.
• Frequent updates and an active support community.
• Start trading (swaps) via fiat purchase without KYC.
• No account minimums.

Cons

• Gas costs on Ethereum can become high during peak traffic.
• Limited customer support.
• Managing several networks at once may be difficult for new users.
• Limited trading options.

Phantom wallet – Multichain simplicity

Phantom Wallet, launched in 2021, has rapidly become a leading non-custodial wallet, particularly favored by Solana users. As of 2024, the wallet has expanded its functionality, supporting major blockchains including Solana, Ethereum, Bitcoin, and Polygon. Its streamlined interface and integrated features make the trading journey easy for both new and experienced users.

The wallet allows users to manage tokens, trade, and store NFTs without navigating multiple platforms. With its multichain capability, Phantom eliminates the need to switch networks manually, centralizing operations within a single app environment.

Integrated with MoonPay and Coinbase Pay, users can buy Solana (SOL), Ethereum (ETH), and Polygon (MATIC) directly through the app using credit cards, debit cards, or bank transfers. This means that beginners can invest and make money with crypto easily without the complexity of external crypto exchanges.

Phantom’s built-in swap feature enables crypto swaps such as Solana, Ethereum, and Polygon. Using liquidity from decentralized crypto exchanges, it ensures competitive pricing. For instance, swapping USDC to USDT is optimized through price comparisons across multiple platforms. The wallet charges a flat 0.85% fee on swaps, offering a cost-effective option for users. Popular tokens like RAY and DAI are also supported.

Key features

• Non-custodial wallet supporting Solana, Ethereum, Polygon, and Bitcoin.
• Built-in swaps with 0.85% flat fee using DEXs.
• Supports credit card, debit card, and bank transfers for crypto buys.
• NFT and token management with multichain access.

Pros

• Multichain coverage for Solana, Ethereum, Polygon and Bitcoin
• Simple design made for newcomers
• NFT viewer plus spam filters
• Cross-chain swaps at a single fee
• In-app SOL staking

Cons

• No support yet for networks such as BNB Smart Chain
• Ledger pairing disabled in Firefox
• Limited trading options

How to Choose a Crypto Exchange for Beginners: Key Factors to Consider

As cryptocurrency adoption continues to grow, selecting the right exchange is one of the first critical decisions new investors face. Knowing how to choose a crypto exchange for beginners is essential, as crypto exchanges serve as the central platforms for buying, selling, and managing crypto assets.

Whether trading Bitcoin for the first time or planning future trades, the exchange chosen will shape the overall user and trading experience.

Centralized vs. Decentralized Crypto Exchanges

Crypto exchanges fall into two broad categories: centralized (CEX) and decentralized exchanges (DEX). A CEX is run by an organization that oversees user funds and facilitates transactions, much like a traditional bank. In contrast, decentralized crypto exchanges operate on smart contracts and give users complete control over their assets.

While full control over assets may sound appealing, DEX platforms can be complex and challenging for beginners. They often require technical knowledge and manual processes that may overwhelm new users. For this reason, CEXs are generally better suited to those just starting out, offering more accessible interfaces and support to ease the learning curve.

Security Protocols

Security is a major concern when choosing a crypto exchange. A secure platform protects customer assets through advanced safety measures. Reputable crypto exchanges typically store over 90% of user funds in cold storage—offline wallets that are less vulnerable to hacking attempts.

In addition to secure storage practices, users should investigate an exchange’s history with security incidents. A good track record can provide peace of mind and reduce the risk of potential breaches.

Liquidity

Liquidity is another vital factor. It refers to how easily and quickly assets can be bought or sold without impacting the market price. High liquidity ensures that trades are executed efficiently, even during high market volatility or when making large transactions.

Platforms with strong liquidity allow new users to enter and exit positions without unnecessary delays or slippage, which is especially helpful when learning the basics of trading.

Fees and Costs

While the trading volume for beginner crypto traders may be small initially, understanding the fee structure of an exchange is important for long-term success. Even competitive fees on many exchanges can accumulate over time and reduce overall returns.

Users should consider a range of potential charges, including:

• Deposit Fees: Often applied when adding fiat currency to the account. These fees vary depending on the payment method.
• Withdrawal Fees: Charges incurred when removing funds from the platform.
• Blockchain Fees: Also known as gas fees, these costs are related to transaction processing on the blockchain and are often outside the exchange’s control.
• Inactivity Fees: Some platforms charge monthly fees if an account remains unused for a specific period.
• Subscription Fees: Premium features or advanced tools for experienced traders may come with additional costs.

Reviewing these charges in advance helps beginner crypto traders choose platforms that align with their trading goals.

Region Availability

Regulatory restrictions can limit access to certain crypto exchanges based on the user’s location. Many platforms prohibit users from countries like the United States, Russia, Venezuela, Hong Kong, and Ecuador due to legal and compliance issues. However, such restrictions can change as laws evolve.

It is crucial to verify whether a platform is available in your region before creating an account and to stay updated on changing regulations through official channels.

User Interface and Experience

A clear and simple interface is essential for those new to crypto. Many crypto exchanges offer beginner-friendly dashboards that eliminate unnecessary jargon and prioritize ease of use.

Some platforms feature tools like Bybit’s One-Click Buy option, designed to simplify the buying process. These features are valuable for users unfamiliar with complex trading platforms and terminology.

Educational Materials

Educational support plays a key role in helping beginner crypto traders succeed and improve their trading skills. Top crypto exchanges provide resources such as step-by-step guides, instructional videos, and blog articles tailored to new users.

A thorough FAQ section and help center can resolve common issues and clarify features, making it easier for users to navigate their first transactions and gain confidence.

Customer Support

Strong customer support is critical, especially for new traders. Mistakes such as sending funds to the wrong wallet or account access issues can occur, and timely assistance is essential.

Crypto exchanges with responsive customer service teams offer multiple support channels via email, live chat, or phone. User reviews can be a reliable indicator of a reputable exchange and availability of support offered by the platform.

Which is the best crypto exchange for new traders?

For new users entering crypto markets, Coinbase is considered one of the best crypto exchanges for beginners. It offers a clean interface, clear navigation, and simplified tools for buying and selling crypto, similar to Bybit’s One-Click Buy feature.

Coinbase supports popular cryptocurrencies like Bitcoin and Ethereum and provides access to educational resources, helping users understand crypto markets. Its integration with payment methods such as credit cards and fiat transfers allows easy fiat-to-crypto purchases, which is critical for those just starting out.

Binance ranks as the runner-up due to its wide range of features and competitive trading fees. Binance.US is often compared to Kraken and offers services like staking, cold-wallet storage, and tools for both new and experienced traders. It also has a lite mode that allows beginners and new crypto traders to trade without getting lost in advanced options/settings.

However, it has faced regulatory scrutiny. Despite this, it remains one of the most popular choices for beginners due to its strong liquidity and low-cost structure.

For users who prefer a more direct and straightforward approach, wallets like Phantom and MetaMask offer built-in purchasing options. Both allow users to buy cryptocurrencies directly through their respective app.

Phantom supports networks such as Solana, Ethereum, and Polygon, and MetaMask allows the management of Ethereum and ERC-20 tokens.

These wallets are accessible via mobile apps and browsers and are suited for those who want to manage assets and transfer crypto without using a centralized exchange. With options to pay using credit cards, debit cards, or fiat currency transfers, both wallets simplify the entry process for those who are new to crypto.