Global Crypto Market

  • Market Cap: $1,144,225,622,623.15
  • 24h Vol: $67,884,831,769.72
  • BTC Dominance: 38.73%

11 Best Crypto Exchanges and Apps of June 2022 – NerdWallet




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Cryptocurrency trading has exploded in popularity, largely due to the rise in value and popularity of cryptocurrencies themselves. And while it can be intimidating at first, and although scams have occurred and continue to happen, today's best crypto apps, exchanges and platforms make buying and selling crypto simpler and clearer than it has been before.
There are several ways and places to invest in cryptocurrency. Our list considers crypto exchanges, platforms and online brokers that offer crypto, as well as cash and payment apps that let you buy and sell Bitcoin. Even those familiar with more traditional investing platforms should be mindful that crypto often comes with different fee structures, narrower customer service options and an increased role for the investor in security.
Cryptocurrency trading has exploded in popularity, largely due to the rise in value and popularity of cryptocurrencies themselves. And while it can be intimidating at first, and although scams have occurred and continue to happen, today's best crypto apps, exchanges and platforms make buying and selling crypto simpler and clearer than it has been before.
There are several ways and places to invest in cryptocurrency. Our list considers crypto exchanges, platforms and online brokers that offer crypto, as well as cash and payment apps that let you buy and sell Bitcoin. Even those familiar with more traditional investing platforms should be mindful that crypto often comes with different fee structures, narrower customer service options and an increased role for the investor in security.
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
FTX.US
on FTX.US's website
5.0
Best for Crypto exchanges
on FTX.US's website
Coinbase
on Coinbase's website
5.0
Best for Crypto exchanges
on Coinbase's website
Gemini
on Gemini's website
5.0
Best for Crypto exchanges
on Gemini's website
eToro
on eToro's website
4.0
Best for Crypto exchanges
on eToro's website
Kraken
5.0
Best for Crypto exchanges
Our picks for
Crypto exchanges
on FTX.US's website
5.0
Fees
Account minimum
Promotion
no promotion available at this time
View details 
on FTX.US's website
View details 
Promotion
None
no promotion available at this time
Why we like it
FTX has low fees for cryptocurrency trading, with a decent selection of digital assets on offer. It also has some features for advanced traders, including the ability to trade between cryptocurrencies and multiple national currencies.
Pros
Low withdrawal fees.
Advanced trading options.
Cons
Limited support options.
Smaller selection of cryptocurrencies than some competitors.
on Coinbase's website
5.0
Fees
varies by type of transaction; other fees may apply
Account minimum
Promotion
when you make your first trade. Terms Apply.
View details 
on Coinbase's website
View details 
Promotion
Get $5 in Bitcoin
when you make your first trade. Terms Apply.
Why we like it
Coinbase is the largest U.S.-based cryptocurrency exchange, trading more than 30 cryptocurrencies. Its fees, however, can be confusing and higher than some competitors. While Coinbase offers attractive security features, cryptocurrency trading is highly volatile: Always consider the risks.
Pros
Offers access to nearly 100 cryptocurrencies.
Low minimum to fund account.
Cons
Higher fees than other cryptocurrency exchanges.
on Gemini's website
5.0
Fees
depending on payment method and platform
Account minimum
Promotion
for new users after trading $100 or more within 30 days
View details 
on Gemini's website
View details 
Promotion
$20 of BTC
for new users after trading $100 or more within 30 days
Why we like it
For casual investors, Gemini offers a trading platform that’s easy for beginners, but a confusing fee structure that’s higher than some cryptocurrency exchanges.
Pros
More than 50 cryptocurrencies.
Site insurance of digital assets against exchange hacks.
Available in all U.S. states.
Cons
Higher fees than some other crypto exchanges.
on eToro's website
4.0
Fees
for cryptocurrency
Account minimum
Promotion
when you buy $100 worth of crypto.
View details 
on eToro's website
View details 
Promotion
Get $10
when you buy $100 worth of crypto.
Why we like it
Users on eToro can begin trading cryptocurrency, stocks and ETFs for as little as $10, and its innovative trading platform lets investors mirror select traders with successful track records, move-by-move.
Pros
Offers access to more than 30 cryptocurrencies.
Low minimum to fund an account and begin investing.
Social investing: Ability to match moves of popular traders.
Cons
Service not available in all states.
Our picks for
Online brokers
Several brokers offer cryptocurrency trading in addition to stocks, funds and other asset classes.
on Robinhood's website
3.5
Fees
per trade
Account minimum
Promotion
no promotion available at this time
View details 
on Robinhood's website
View details 
Promotion
None
no promotion available at this time
Why we like it
Robinhood brings its no-fee ethos to cryptocurrency trading, but currently offers few cryptocurrencies and no way to transfer crypto assets off the platform.
Pros
No fees for crypto trades.
Convenient if you already have a Robinhood brokerage account.
Cons
Comparatively fewer cryptocurrencies offered.
No crypto-to-crypto trading.
Can’t deposit or withdraw crypto to a personal crypto wallet.
on TradeStation's website
4.5
Fees
or lower for larger balances
Account minimum
Promotion
on all newly approved accounts.
View details 
on TradeStation's website
View details 
Promotion
Get $10 in FREE Bitcoin
on all newly approved accounts.
Why we like it
TradeStation Crypto charges 0.3% or lower on crypto trades, and unlike many other brokerages enables users to transfer crypto to a personal wallet.
Pros
Lower fees compared to most cryptocurrency exchanges.
Allows transfer of cryptocurrency assets to a personal crypto wallet.
Convenient if you already have a TradeStation brokerage account.
Cons
Comparatively fewer cryptocurrencies offered.
on Webull's website
3.5
Fees
per trade
Account minimum
Promotion
after opening a Webull account, activating crypto trading, and completing 1 crypto trade before 5/31/2022.
View details 
on Webull's website
View details 
Promotion
Get $5 in Crypto
after opening a Webull account, activating crypto trading, and completing 1 crypto trade before 5/31/2022.
Why we like it
Webull charges no fees for cryptocurrency trades beyond a 1% spread for each trade, but has relatively fewer cryptocurrencies on offer.
Pros
No fees for crypto trades.
Convenient if you already have a Webull brokerage account.
Cons
Comparatively fewer cryptocurrencies offered.
No crypto-to-crypto trading.
Can't deposit or withdraw crypto to a personal crypto wallet.
Want to compare more options? Here are our other top picks:
A number of cash and peer-to-peer payment apps now allow users to buy and sell Bitcoin. On balance, these apps are more limited in what they offer than the exchanges and brokers above.
CashApp, a peer-to-peer money transfer system run by Square, allows users to purchase and sell Bitcoin. Unlike other cash apps noted here, Cash App allows users to transfer their Bitcoin to their own cryptocurrency wallet. Cash App charges a fee depending on price volatility and market trading volume, which it reveals at the time of purchase.
Cash App limits Bitcoin withdrawals up to $2,000 a day or $5,000 within any seven-day period.
PayPal allows users to purchase and sell Bitcoin, but must be stored on PayPal’s site: Users can’t transfer crypto to their own digital wallet. Fees include an estimated 0.5% trading fee (this may vary depending on market conditions) and a tiered transaction fee depending on the amount of crypto purchased, ranging from 2.3% for amounts between $25 and $100, and 1.5% for purchasing or selling more than $1,000 of Bitcoin. Purchases below $25 are charged 0.5%. Users can purchase up to $20,000 a week, but no more than $50,000 during any one-year period.
PayPal allows purchases to be made with Bitcoin where available, but you will need to pay taxes on the sale of Bitcoin on top of any taxes related to the purchase of the goods or service.
Venmo is the latest cash app to introduce cryptocurrency sales and purchase, but unlike other providers gives a choice of four coins: Bitcoin, ether, Bitcoin cash and Litecoin. Venmo’s fee structure mirrors PayPal: estimated 0.5% trading cost, plus tiered transaction fees of 2.3% for crypto trades of $25 to $100, lowering to 1.5% for trades more than $1,000 (0.5% charged on crypto purchases below $25).
Limits are $20,000 a week, and no more than $50,000 in a 12-month period.

Trading cryptocurrencies is different from traditional investing in several ways:
Compared to traditional investing, which has seen fees steadily decline in recent years, trading in cryptocurrencies costs much more. For example, depending on the method of payment you could pay 5% or more in fees when trading Bitcoin. Purchasing investments through a robo-advisor, however, can cost as little as 0.25%, keeping more of your cash invested.
Crypto is a new and burgeoning industry, and customer service has lagged behind what's available at traditional brokerages. Want to speak to a person concerning questions or account issues at crypto exchange? No pure crypto exchanges we review provide that service.
You have more responsibility for protecting your crypto from theft with cryptocurrency exchanges, especially if you use your own digital wallet. While exchanges protect you from losses due to sitewide hacks, you won’t be protected from individual attacks on your account — for example, a phishing email attack in which you unwittingly reveal your passwords to cybercriminals.
Last updated on May 31, 2022
People often identify opening a savings account as their next money move.
5.0
APY
With $0 min. balance for APY
Bonus
Requirements to qualify
at Discover Bank, Member FDIC
5.0
APY
With $0 min. balance for APY
at LendingClub Bank, Member FDIC
4.5
APY
With $1 min. balance for APY
at American Express National Bank, Member FDIC
How do we review cryptocurrency platforms?
NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.
For more details about the categories considered when rating brokers and our process, read our full methodology.
To recap our selections…
Kevin is a personal finance writer at NerdWallet. He has covered financial issues for 20 years, including for The Wall Street Journal and CNN.com. Read more
Updated
Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.
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