The Top 10 Best Cryptocurrency Trading Platforms for Beginners, Free Trading and Buying Cryptocurrency

With the crypto market up and on a swing again, users are presented with a variety of opportunities for making some handy and lucrative incomes on a variety of services and platforms, offering anything from P2P to sophisticated trading. How can a beginner navigate all this diversity and choose the most profitable option? The given article is intended as a guide on the best crypto trading platform for beginners.

Best crypto trading platform selection criteria

Before selecting any crypto platform as a go-to solution, users are encouraged to first explore its security and the implemented measures that will safeguard their assets.

1. A crypto exchange must have a license, an impressive financial reserve, and reliable encryption methods. This will be a guarantee against loss of assets. If a crypto platform does not have sufficient security measures implemented, then it is definitely not worth the attention of the user.
2. Availability of 2FA, which must be installed during authorization. This is necessary to protect your account from hacking.
3. Economic indicators: transaction volume per day, liquidity ratio, user ratings, number of visitors per day.
4. Reputation – trust rating is another important aspect when choosing the best platform to trade crypto. It is necessary to study not only reviews, but also the history of possible hacks. If the crypto exchange was attacked by hackers, then you need to ask how the management resolved this situation.
5. Interface and functionality – beginners should not have problems registering, passing KYC and understanding the work.
6. Large selection of cryptocurrencies and trading pairs. Liquidity should be high, because the speed of order execution directly depends on this aspect.
7. Commissions and fees - all deductions should be as transparent as possible.
8. Customer support - in some cases this makes a huge difference. For example, you have lost access to your account, so prompt communication with representatives of the exchange is important.

The regulatory restrictions in place, if any, relating to a crypto exchange are also key criteria to consider, especially if users are resorting to a platform from a country under sanctions regimes.

List of the best crypto trading platforms for beginners

Our TOP 10 includes proven crypto platforms that are popular among users.

1. Bybit
2. OKX
3. BingX
4. MEXC
5. KuCoin
6. Kraken
7. HTX
8. Gate.io
9. Bitget
10. Coinex

Note that all services operate in 2024 and have an excellent reputation.

Bybit is beyond any doubt the most rapidly growing crypto platform out there

Bybit, undoubtedly, the best crypto trading platform. Launched in 2018, the venue currently has over 1.6 million registered users. The platform offers up to 100x leverage and a number of interesting options. According to CoinGecko, the trust rating is 10. Let us take a look at all the benefits.

Advantages:

• P2P support;
• Commissions on spot up to 0.1%, on derivatives up to 0.055%;
• Crypto exchange reserves are confirmed;
• To ensure the security of assets, an SSL connection and 2 FA authentication are used;
• Fast order execution speed;
• Availability of training programs;
• Simple interface, even a beginner will find it easy to understand;
• Opportunity to receive bonuses.

Financial indicators as of May 21, 2024:

• The Daily volume of crypto transactions – $6,554,178,778;
• 486 coins, 559 pairs presented;
• Reserves at $9,580,783,277.88;
• Liquidity ratio of 4.0.

Drawbacks:

• KYC verification.

It is safe to say that Bybit is the best trading crypto platform. But if for some reason it is inconvenient for you, then check out other sites from the list.

OKX is the best platform to trade crypto aimed at beginners

OKX was founded in 2017 and is popular among users. And positions itself as the best crypto trading platform for beginners. The trust indicator is 10 out of 10. The exchange has a very easy interface, even a beginner can figure it out. In addition, investors can easily switch between different stock charts and TradingView.

Advantages:

• Confirmed financial reserves;
• Commissions on spot are 0.02%-0.2%, and on derivatives up to 0.05%;
• Large assortment of cryptocurrencies;
• Availability of bots with embedded artificial intelligence;
• Various analytics tools;
• Demo account, DeFi – tools;
• Availability of staking;
• To ensure security, multi-signature wallets are used, DEX is the location of private keys, and in case of an emergency, a backup of the key will be automatically activated.

Financial indicators:

• Daily trading volume $5,309,541,553;
• Reserves at $22,500,196,809.51;
• Liquidity ratio of 4.0;
• 331 coins, 555 pairs.

Drawbacks:

• The feature of a mining pool was recently closed.

But despite the listed shortcomings, OKX may well position itself as the best crypto platform for beginners.

BingX – for those who value functionality

BingX began its work in 2018, its first name was Bingbon. On a ten-point trust scale, she has 9 points. The crypto exchange has confirmed financial reserves.

Advantages:

• Possibility of P2P transactions;
• Cooperates with many alternative payment systems to circumvent restrictions and sanctions;
• There is the possibility of copy trading;
• Spot, margin and futures transactions available;
• Derivatives transaction available;
• Extensive bonus program;
• Security is ensured through 2- FA and constant audits, and all user assets are stored in cold wallets;
• Easy and accessible interface.

Financial indicators:

• Daily trading volumes $718,227,642;
• 801 tokens, 817 pairs;
• Liquidity ratio of 4.0;
• Reserves at $307,040,455.49.

Among the shortcomings, we highlight the fact that the service, according to Coingecko, has not passed a penetration test.

MEXC – for crypto connoisseurs

MEXC opened in 2018 and its key feature is the huge number of tokens and trading pairs provided.

Advantages:

• Novel tokens presented;
• Many training programs for beginner traders;
• No need for verification;
• Many types of crypto;
• Availability of P2P;
• Commission on spot up to 0.1%, on derivatives – 0.06%;
• Reliability rating is 9 out of 10.

Financial indicators:

• Liquidity ratio of 3.5;
• Reserves at $618,029,912.87;
• Daily volume of crypto transactions – $1,830,930,658.97;
• Tokens available – 2,902 pairs.

Among the significant shortcomings, we highlight the fact that the crypto exchange does not provide details about asset protection and security measures.

KuCoin - the best trading platform for crypto with an intuitive interface

KuCoin has been universally acclaimed as the best trading platform for crypto. Opened in 2017, thanks to easy navigation it was able to attract many users almost immediately.

Advantages:

• Low commissions – on spot trading up to 0.1%; on derivatives – up to 0.06%;
• Trust score of10 out of 10;
• Availability of P2P;
• Many bonus rewards and the presence of an affiliate program;
• Availability of educational materials;
• Confirmed currency reserves;
• There are functions for passive income.

Financial indicators:

• Daily trading volume $3,264,172,145.46;
• Reserves at $1,244,305,385.66;
• 819 coins available, 1296 pairs;
• Liquidity ratio of 4.0.

There are disadvantages too, however, Among them is the lack of a mining pool and the long waiting times between bonus drops.

Kraken - the best crypto platform for admirers of reliability

Kraken has been operating since 2011 and has attracted a considerable following. Despite its age, the exchange is still relevant and has not been cited to have any regulatory difficulties or breaches.

Advantages:

• Absolute security of assets;
• Availability of margin, spot, futures transactions;
• Clear interface;
• Low commissions;
• Many tools and assets;
• 24/7 support service.

Financial indicators:

• Daily trading volume $1,596,291,530.25;
• 237 tokens available, 657 pairs;
• Liquidity ratio of 4.0.

Drawbacks:

• Few options for depositing and withdrawing funds;
• Without connecting to the PRO version, the commission is higher.

Kraken is one of the first crypto exchanges that is reliable and secure. That is why it can claim the title of the best trading platform for crypto.

HTX is the best free crypto trading platform

HTX deservedly enjoys attention among beginners. Its activities have been carried out since 2013, over the entire period it received a rating of 10 out of 10. The reason for its success among crypto investors is its maximum adaptation to users. The site had an unpleasant incident when it was hacked, but management managed to resolve the conflict and compensate for the damage caused.

Advantages:

• Low level of commissions - only up to 0.05% on derivatives and up to 0.2% on spot;
• P2P;
• Users can run bots for free;
• Many bonuses;
• No mandatory KYC;
• Users can practice on a demo account;
• Reliable cyber security.

Financial indicators:

• Daily trading volume $2,917,789,295.99;
• Reserves at $3,740,234,961.43;
• Provides 708 tokens, 773 pairs;
• Liquidity ratio of 4.0.

Drawbacks:

• The hacking story had a negative impact on the reputation;
• Some languages are not supported, limiting global reach.

Despite the tarnished reputation, the management of the crypto exchange did everything to ensure that clients received their finances, and that the security of the service was improved.

Gate.io – for connoisseurs of simple interface and functionality

Gate.io is considered the best in terms of its functionality and the coins it provides. Developers regularly introduce innovations, like at Gate.io available copy trading, robots, automatic investing. According to novice investors, this is the best trading platform crypto. Crypto lovers prefer this exchange because it has the following advantages:

Advantages:

• Supports P2P transactions;
• Commissions are up to 0.2%;
• High trust rating – 9 out of 10;
• Support for a large number of coins;
• Many interesting features;
• Income programs.

Financial indicators:

• 2156 coins available, 3456 pairs;
• Daily trading volume $3,924,755,754.90;
• Reserves at $3,836,301,394.26;
• Liquidity ratio of 3.0.

Among the shortcomings, we note only the presence of KYC.

Bitget is the best platform to buy crypto

Bitget was opened in 2018 and has a good reliability score - 9 out of 10. Crypto lovers prefer the platform because it has a wide range of functionalities - copy trading, trading robots, DeFi.

Advantages:

• Low level of fees – up to 0.1% on spot;
• Supports P2P transactions;
• Availability of margin, spot, futures transactions;
• Web3 tools;
• DeFi development;
• Confirmed reserves.

Financial indicators:

• 814 coins, 902 pairs;
• Daily trading volume $3,536,784,117.89;
• Reserves at $2,310,720,164.00;
• Liquidity ratio of 3.0.

Drawbacks:

• Complicated verification procedure;
• Quite complex tools for beginners.

Bitget is the best platform to buy crypto after the 9 previous ones. Beginners will be interested in mastering such a tool as copy trading - repeating transactions of experienced investors.

Coinex - exchange with low commissions and airdrops

Coinex has been operating since 2017, it has proven itself on the positive side and is included in our rating as the best platform for crypto trading. It supports different currencies and a deposit can be made from an external wallet or through a third-party exchange service.

Advantages:

• Users can receive airdrops of interesting projects;
• Trust rating 7 out of 10;
• Commissions on the spot – 0.2%, with derivatives – up to 0.05%;
• There is an AMM pool for earning money and exchanging cryptocurrencies;
• No commissions for making a deposit.

Financial indicators:

• Liquidity ratio of 2.0;
• Daily trading volume $115,431,702.73;
• 1009 tokens presented, 1306 pairs.

Shortcomings:

• Little fiat to replenish;
• Few tools for additional income.

Tally about the best trading platform crypto

In this article, we have explained in detail which is the best free crypto trading platform that will be convenient for beginners in the field of trading. Let us highlight Bybit, as it deserves to occupy a leading position, because the exchange is actively developing. All the services in the rating compiled herein are reliable and endowed with some considerable advantages. Users should pick the one that best suits their needs overall and use it to get the most out of their crypto experience.