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How to buy and sell cryptocurrency

You'll need to use a cryptocurrency exchange if you want to purchase or sell cryptocurrencies. These online services are comparable to stockbrokers in that they allow you to purchase and sell digital currencies such as bitcoin, ethereum, and dogecoin. With cheap fees and solid security features, the best crypto exchanges make it simple to purchase and sell the currencies you desire.

It's vital to consider supported currencies, pricing, withdrawal choices, and security when choosing the best crypto exchange for your needs, which is what we did while compiling this list of the best crypto exchanges. Continue reading to find out which crypto exchange is perfect for your needs.

Best Overall : Binance Exchange


  • Number of Currencies: Hundreds
  • Transaction Fees: 0.012% to 0.1%)
  • Wallet Included: Yes

Why We Chose It

We picked Binance because it offers a very long list of currencies beyond the most popular digital coins.

Pros & Cons
Pros
  • Lower fees than other commonly used exchanges

  • Large variety of cryptocurrencies and trading pairs

  • More advanced charting

Cons
  • Geared for more advanced users

  • Binance US has fewer trading pairs than international version

  • Not all states supported

Overview

The Binance exchange is an exchange founded in 2017 with a strong focus on altcoin trading. Binance offers over 100 different trading pairs between different cryptocurrencies. It offers plenty of fiat-crypto pairs as well. 

As of July 2021, Binance dominates the global exchange space, making up a significant portion of crypto trading volume daily. The exchange only allows for U.S. Dollar deposits by global users via SWIFT, but it does allow you to directly purchase a select number of cryptocurrencies with a credit or debit card. Deposits using 12 other fiat currencies are allowed, including the Euro.

Binance is suited to people who would like to trade or invest in lesser-known altcoins. Binance offers more than 50 different cryptocurrencies to trade and is a good option for anyone who wants more advanced charting than most other exchanges. The features, charting abilities, and data that come with your account are truly impressive, especially when you consider their reasonable fees.

Need an account? Register Binance Account.



Best Wallet : Coinbase and Coinbase Pro


  • Number of Currencies: 64
  • Transaction Fees: $0.99 to $2.99 (Coinbase), Up to 0.50% (Coinbase Pro)
  • Wallet Included: Yes

Why We Chose It

We picked Coinbase because it makes buying and selling cryptocurrencies very easy with strong security and transparent pricing, with a lower fee structure and significantly more features in terms of charts and indicators.

Pros & Cons
Pros
  • Solid variety of altcoin choices

  • Extremely simple user interface

  • Very high liquidity

Cons
  • High fees when not using Coinbase Pro

  • User does not control wallet keys

Overview

While the cryptocurrency industry has been fraught with fraudulent coins and shady exchanges, Coinbase has largely avoided any controversy. Coinbase offers an extremely easy-to-use exchange, greatly lowering the barrier to entry for cryptocurrency investment, which is typically seen as confusing and convoluted. 

Coinbase also offers insured custodial wallets for investors and traders to store their investments. They carry insurance against data breaches and hacking, and your cash is stored in FDIC-insured bank accounts. These custodial accounts are very convenient for newer users just getting their feet wet, but Coinbase owns the private keys to the coins, not the investor.

Additionally, Coinbase also offers the free Coinbase Pro version with a different but cheaper fee structure and significantly more options in terms of charts and indicators. Coinbase Pro is a perfect next step for those who have learned the ropes using Coinbase, and it helps round out the overall offering by adding features that the more advanced user would want.

Need an account? Register Coinbase Account.