The 8 Top Cryptocurrency Exchanges in 2025
Whether you are new to trading crypto or just looking to try something new in 2025, it’s critical to always research platforms before using them. This way you can ensure you get the capabilities you desire along with a price you are willing to pay.
We’ve cumulated a list of the best cryptocurrency exchanges in 2025 based on a number of factors. Keep reading to learn which exchanges you should consider using in the coming year.
1. Binance
No matter how you look at it, Binance comes in first. Binance is a relatively easy platform to use, and it is the most widely used cryptocurrency trading platform around the world—meaning it has the largest market capacity and the biggest variety of tokens available for trade. They also have their own token, Binance Coin (BNB).
Unfortunately, despite the 250 million users worldwide, Binance is still restricted in some countries. So, no matter how much you like it, if you live in the US, Canada, or Singapore, you’ll have to look elsewhere for a platform to trade crypto.
2. Coinbase
Coinbase is one of the most user-friendly cryptocurrency exchanges we’ve ever used and has an awesome app that can be added to your mobile device. Not only that, but it is legally operating within the United States, meaning US citizens should have no problem setting up an account.
That being said, Coinbase is basically only available for US citizens, and you may struggle to get an account if you want one. Additionally, out of all the platforms we looked at, Coinbase tended to have the highest fees—though it had some of the highest cryptocurrency prices as well. That being said, Coinbase is the third largest in the world in terms of trading volume.
3. Bybit
After Binance, Bybit is the second largest cryptocurrency exchange in the world, though we bumped it down on our list because we found that it wasn’t quite as user-friendly as both Coinbase and Binance.
Don’t despair, however, because although we don’t recommend them for those new to blockchain technology, Bybit has some of the most advanced capabilities of any other exchange on this list. So, if you want to leverage DeFi options, engage in speculative trading, or even stake your currency on the app, Bybit does it all.
It is also worth noting that ByBit is restricted in the United States as well as several other countries due to the additional trading options.
4. Kraken
Fourth on our list is actually the seventh most popular cryptocurrency exchange worldwide, which is Kraken. Kraken is a US-based crypto exchange, making it an excellent option for US citizens.
Although Kraken offers a bit more limited of a trading experience when compared to other exchanges on this list, we found it easy to use, and thanks to the large amount of on-platform trading, traders are afforded a large level of liquidity.
Kraken goes far beyond the options offered by Coinbase, as they allow traders to trade derivatives and engage in spot trading. They also offer index trading, with options like Bitcoin ETFs and more.
5. OKX
Coming in 5th on our list is OKX, which offers a wide variety of advanced trading features, allowing users of the platform to perform trades of derivatives, margin trading, futures, and more. It also offers bot trading services, which we didn’t see on any of the other basic versions (though some of the aforementioned platforms had them as a paid feature).
Not only that, but OKX had some of the lowest fees of all the platforms we looked at. Sadly, it is heavily restricted in the United States, and though you can access some of the Web3 features, Americans are not allowed to trade on the platform. Besides the US however, OKX can be used in over 200 countries, making it the least restricted of all the exchanges on this list.
6. KuCoin
Another cryptocurrency platform with low fees is KuCoin, and unlike OKX, Americans are currently allowed to make accounts and trade on the platform.
KuCoin is a fan favorite, often referred to as the “people’s exchange.” It has been around far longer than some of the other exchanges on this list and has facilitated over 1.2 trillion dollars’ worth of trades in its lifetime.
KuCoin is additionally user friendly, making it a good introductory exchange right along with Binance and Coinbase. You can set up your account using a debit or credit card as well, ensuring that you can start your account today and start trading right away.
7. Bitget
Bitget has been taking the world by storm, thanks to a recent rebrand, and is now the 6th largest cryptocurrency exchange by trading volume worldwide. However, though this is a decent exchange, we found it to be one of the more complicated ones we researched.
Bitget has a fee structure that changes depending on the membership level and type of trade, which can be complicated to understand. We also didn’t find it had as robust of a selection of trading options. Like many other exchanges on this list, there are a wide number of countries that prohibit their citizens from trading on the platform, namely the United States.
All in all, though, Bitget still offers a large number of trading pairs and a decent level of liquidity if you live in a country where it is legal.
8. Gate.io
Last on our list of the top cryptocurrency exchanges to consider in 2025 is Gate.io, which has been around since 2013 and currently offers over 2500 trading pairs on its platform. Plus, it offers a mostly fee-free structure—making it an excellent option for a beginning trader.
Gate.io isn’t banned in the United States and is decently user-friendly, it just isn’t quite as popular as some of the others on this list. While it still boasts a high number of users, the trading volume for this platform came in at number 12 worldwide, though we think you shouldn’t have any issue trading major cryptocurrencies on Gate.io!
