Choosing the right exchange is one of the most important decisions you'll make as a crypto trader. The wrong choice can mean higher fees, fewer features, poor security, or limited coin selection.
We've tested dozens of exchanges over the years. Here are our top 5 picks for 2024, based on security, fees, features, and user experience.
How We Chose These Exchanges
We evaluated exchanges based on:
- Security: Track record, insurance funds, security features
- Fees: Spot and futures trading fees
- Features: Order types, leverage options, copy trading
- Liquidity: Trading volume and slippage
- User Experience: Interface, mobile app, support
- Reputation: Years operating, regulatory compliance
1. Bitget — Best Overall
Bitget has emerged as one of the top derivatives exchanges globally. Known for their copy trading feature and competitive fees, they're our top recommendation for most traders.
✅ Pros
- Industry-leading copy trading
- Very competitive futures fees
- Strong mobile app
- $300M protection fund
- Excellent customer support
❌ Cons
- Not available in some US states
- Newer than competitors
- Spot selection smaller than Binance
2. Binance — Largest Selection
The world's largest crypto exchange by volume. Binance offers the widest selection of coins and trading pairs, making it ideal for altcoin traders.
✅ Pros
- Highest liquidity
- Most coins available
- Advanced trading features
- Earn, staking, launchpad
❌ Cons
- Complex for beginners
- Regulatory issues in some countries
- Support can be slow
3. Bybit — Best for Derivatives
Bybit specializes in derivatives trading with an extremely user-friendly interface. Great for traders who focus primarily on futures and perpetuals.
✅ Pros
- Best derivatives UI
- Low maker fees
- Fast execution
- Great mobile app
❌ Cons
- Smaller spot selection
- Limited fiat options
4. OKX — Best for Advanced Traders
OKX offers sophisticated trading tools including options, margin trading, and advanced order types. Best suited for experienced traders.
✅ Pros
- Options trading
- Professional tools
- Good liquidity
- Web3 wallet integration
❌ Cons
- Steep learning curve
- Interface can be overwhelming
5. Bitmart — Best for Altcoins
Bitmart is known for listing new altcoins early. If you're hunting for the next 100x gem before it hits major exchanges, Bitmart is your go-to.
✅ Pros
- Early altcoin listings
- Huge coin selection
- Easy to use
❌ Cons
- Higher spot fees
- Lower liquidity on small coins
- Past security incident (2021)
Quick Comparison
| Exchange | Best For | Spot Fee | Futures Fee | Rating |
|---|---|---|---|---|
| Bitget | Copy Trading | 0.1% | 0.02%/0.06% | 9.5/10 |
| Binance | Selection | 0.1% | 0.02%/0.04% | 9.3/10 |
| Bybit | Derivatives | 0.1% | 0.01%/0.06% | 9.0/10 |
| OKX | Advanced | 0.08% | 0.02%/0.05% | 8.8/10 |
| Bitmart | Altcoins | 0.25% | 0.02%/0.06% | 8.5/10 |
Our Recommendation
For most traders, we recommend Bitget. The combination of competitive fees, excellent copy trading features, strong security, and user-friendly interface makes it ideal for both beginners and experienced traders.
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