6 Best Crypto Exchanges of June 2023
Other crypto exchanges we considered
The following trading platforms are all excellent options, especially for new traders. However, they didn’t make it to our top list because they lack certain core features, are not dedicated crypto exchanges or don’t excel in a particular area.
Crypto.com
PROS
- Outstanding cybersecurity infrastructure
- Low fees if your account is funded with cash transfers
- Large selection of crypto assets
CONS
- Expensive credit and debit purchases
- No crypto-to-crypto trading options
Crypto.com boasts several noteworthy features, including a non-custodial DeFi wallet, prepaid Visa cards to spend crypto, margin trading and over 250 supported crypto assets — one of the biggest numbers on this list. Crypto.com also employs various security measures such as multi-factor identification, offline cold storage and a regulated custodian bank account for traditional currency.
Why Crypto.com didn’t make the cut: Crypto.com is a great centralized exchange with solid features and a wide range of services. However, it doesn’t stand out in any particular area. We fully recommend it for beginners and experts alike, but you may want to consider other exchanges if you’re looking for a more specialized platform.
Robinhood
PROS
- No commissions and minimum account balance
- Exceptionally easy to use and start trading
- Heavily regulated by the Securities and Exchange Commission
CONS
- No mutual fund and forex trading
- Lacks educational content and research tools
Robinhood is another commission-free investment platform that caters to beginners and casual investors. Users can trade seven cryptocurrencies in addition to stocks, ETFs, options and more.
Why Robinhood didn’t make the cut: Robinhood lacks the tools and features of a full-service cryptocurrency exchange. It has also been the target of numerous complaints from users and regulators regarding its dishonest business practices (just last year, the app was fined 70 million by FINRA for misleading consumers) and involvement in the GameStop/meme-stock mania of 2021.
Gemini
PROS
- Recurring buys and dynamic price alerts
- Enable crypto withdrawals to go only to approved addresses
- Output transaction histories and downloadable account statements
CONS
- Higher trading fees than other exchanges
- Limited customer service options
Gemini is a well-funded crypto exchange with a reputation for being easy to use. The platform supports more than 100 crypto to buy, sell and store, has tools for high-performance traders and boasts industry-leading security.
Why Gemini didn’t make the cut: Gemini’s fees are markedly higher compared to those of other exchanges. And while the platform’s features make for a good package overall, none of them were impressive enough to earn Gemini a top spot with us.
eToro
PROS
- Active investment community, ideal for social trading
- Support crypto staking for some coins
- Broad selection of cryptocurrencies
CONS
- Disappointing withdrawal fees and spread fees
- Crypto trading not available in all states
eToro is a multi-asset investment platform that allows users to trade a variety of assets, including 30 popular cryptocurrencies. The platform’s main highlight is its social trading features, which allows users to create a custom news feed and follow, copy and interact with their favorite traders.
Why eToro didn’t make the cut: eToro did not make our top list because it’s not a full-service crypto exchange. This means it lacks basic tools and services, such as withdrawing your crypto, and directly depositing, trading or exchanging crypto on the platform.
Cash.app
PROS
- One of the easiest platforms to buy Bitcoin and get started with crypto
- Lock prices immediately and withdraw quickly
- Make and receive mobile payments
CONS
- No insurance coverage from the FDIC
- It cannot be used to make payments internationally
- Can only trade Bitcoin; no other crypto available
Cash.app is a great option if you just want to test the Bitcoin waters or simply need another platform to do quick bitcoin transactions. Unlike other non-dedicated cryptocurrency exchanges, Cash.app lets you keep custody of your coins. This alone makes it worth a try.
Why Cash.app didn’t make the cut: Cash.app is not a dedicated crypto exchange and its bitcoin services are bare bones. While it may be an accessible entry point for those interested in crypto, we cannot recommend it as an exchange for trading in the long term.
| Best for… | Tradable Crypto | Maker/Taker Fees | |
| Coinbase | Beginners | 237 | 0.00% / 0.001% (Stable Pairs only) or 0.40% – 0.00% / 0.60% – 0.05% |
| Bitstamp | Low Fees | 80 | 0.30% – 0.00% / 0.40% – 0.03% |
| Kraken | Security | 222 | 0.16% – 0.00% / 0.26% – 0.10% |
| Pionex.US | Automated Trading | 7 | 0.05% of your total trade value |
| Bisq | Decentralized Trading | No set list | 0.1% / 1% (BTC) or 0.05% / 0.5% (BSQ) |
| Public | $0 Commission | 29 | n/a |
| Crypto.com | — | 250+ | 0.0750% – 0% / 0.0750% – 0.0500% |
| Robinhood | — | 18 | n/a |
| Gemini | — | 102 | 0.20% – 0% / 0.40% – 0.03% |
| eToro | — | 5 | Flat 1% transaction fee |
| Cash.app | — | 1 | Undisclosed “small fee” |
