6 Best Crypto Exchanges of June 2023

Best for Security: Kraken

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PROS

• Trade across multiple exchanges using a single platform
• Crypto staking and margin trading
• Rigorous security standards
• Low fees and spreads

CONS

• Not available in all U.S. states
• Limited number of funding options (via fiat currencies)

Why we chose it: We chose Kraken as the best crypto exchange for security because of its robust security tools and protections, which has allowed the company to operate seamlessly since its inception.

Kraken has been around for a while now, and is well known — and loved — by many crypto traders around the world. At first glance, the exchange may not seem to have any standout features: it’s a jack-of-all-trades, supporting more than 185 cryptocurrencies across a variety of services, which includes spot trading, margin trading, staking and futures.

Look a bit further and you’ll realize that Kraken excels at providing arguably the safest digital ecosystem for trading your crypto. The exchange’s security measures run the gamut from industry essentials, like two-factor authentication and account timeouts to more specialized solutions, such as PGP signed and encrypted email and global settings time lock.

All of the companies we included in this list employ stringent security measures, but Kraken’s are remarkable enough that the exchange has never suffered a large-scale hack since it first went online in 2011. This is an accolade that very few exchanges of its size can attest to, and has been possible thanks to its variety of information security management systems and user-facing security tools.

Best for Automated Trading: Pionex.US

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PROS

• Manual and automated trading options
• Competitive fees on all transactions
• Tutorials, live chat and email customer support
• All bots are cloud based

CONS

• Some bots lack a detailed explanation on the exchange’s website
• Unavailable in AK, HI, ID, IA, KY, NM, NY, TN and VT
• No fiat withdrawal options

Why we chose it: We chose Pionex.US as the best crypto exchange for automated trading because of its integrated auto-trading bots, low fees and user-friendly interface.

Since its launch in 2019, Singapore-based Pionex has garnered a sizable following online thanks to the combination of an affordable fee schedule and a selection of 16 built-in trading bots. Pionex.US, the United States franchise of the platform, only allows for spot trading and has just 11 bots available, but remains the most comprehensive automated solution for cryptocurrency trading.

The bots available on Pionex.US have a variety of functions, including:

• Buying at dollar cost average for a one-time sell off
• Creating an index and rebalancing your portfolio automatically
• Various strategies for buying low and selling high

Although there is no way to practice trading with them using a demo account, most of the bots have an educational video and a detailed explanation on the exchange’s website. Users can also request a 1-on-1 onboarding session to help them understand the bots better.

Lastly, like its global counterpart, Pionex.US offers inexpensive maker/taker fees on spot trades. These range from 0.05% to 0% depending on the crypto pairing and apply to trades made manually and by trading bot alike.