10 Best Bitcoin Exchange Options Of 2021

If you have heard horror stories about people losing money or getting scammed with Bitcoin exchanges, it can be terrifying to make these investments. However, the good news is if you stick with some of the best crypto exchanges and you are careful about the moves you make, you should have much better success. 

Here are the best Bitcoin exchanges on the market. 

The Best Bitcoin Exchanges

1. Gemini

Gemini did a great job of taking a highly complex world of cryptocurrency investing and making it easy for the average investor. Gemini can be a great place to get started if you are interested in making some extra money and dabbling in the Bitcoin exchange. If you are a beginner or have been in the game a while, Gemini makes things understandable and relatively easy to follow. 

The only real issue is it takes a bit of time to get used to the Gemini fee structure. Outside of that, you will get more than 30 different cryptocurrencies to work with, and it is available in all of the states across America. 

2. SoFi Active Investing 

SoFi is like a one-stop-shop for all of your finance and investing needs. With SoFi, you will deal with 20 different cryptocurrencies, which works well for those who enjoy more than just Bitcoin. 

The problem, of course, is you can’t exchange from one crypto to another. But, overall, the fees with SoFi are low, and if you have a relationship established with them already, working with the Bitcoin side of things will be simple to add to your portfolio and platform. 

3. Webull Crypto 

Webull Crypto does not charge fees for cryptocurrency trades beyond a 1% spread. Overall the fees with Webull Crypto are much lower than other websites or services, and it is convenient if you already have a Webull account set up. 

In addition, the platform is user-friendly, and people enjoy that even when making smaller profits, the exchange is not taking a large percentage of the earnings. The only real downside of this platform is you can trade one crypto to another within the platform. 

4. Robinhood

Perhaps one of the most well-known platforms on the market for cryptocurrency trading is RobinHood. With Robinhood, you will be able to take advantage of the zero commission mentality this brand has put in place for many years. In addition, this is a platform that is user-friendly, simple, and makes the overall process of dealing with cryptocurrencies much more enjoyable. 

5. TradeStation

Tradestation is an excellent choice if you want to transfer your cryptocurrency to your personal wallet. You can move money around quite easily when using the TradeStation platform. In addition, the TradeStation platform has low fees compared to other exchanges, and it works well in combination with a TradeStation brokerage account. 

The only reason TradeStation didn’t make it a little further up our list is the number of cryptocurrency accounts is a bit limited. 

6. eToro

If you are into more than just Bitcoin and want to have the ability to expand your horizons just a bit, eToro could be a great exchange. With eToro, you are going to have access to 15 cryptocurrencies which is certainly not the largest number on the market, but it gets you started. 

One of the things that makes eToro stand out is the ability to step back and take a look at what others are doing as far as trading is concerned. If you are not sure how this process works, simply sign up to match the moves of popular traders. You will quickly catch on to everything you need to know. 

eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.

7. Coinbase

Coinbase is one of the most well-known exchanges for cryptocurrency. For almost as long as Bitcoin has been a thing, Coinbase has been helping people to keep their cryptocurrency organized and up to date. As a result, tens of millions of people use Coinbase making it one of the more trusted resources on the market. 

8. Binance US

Binance is known for having 100 different trading pairs and lower fees than many other exchanges. Binance has not been around quite as long as Coinbase, but they have made some impressive moves in the time on the market to help you become better at investing. 

One of the things that make Binance stand out is the charting they use and how you can see your position in the market at all times. The only real issue is this is not built for the beginner. You have to know what you are doing to have the success you need with Binance.

9. CashApp

The reason people like to use CashApp to exchange Bitcoin is because the app feels familiar, like a money transfer app you would use daily. If you have any experience with Venmo, you will have no issues working with CashApp. CashApp allows users to withdraw money, which is not something all of these Bitcoin exchanges will allow. If you are new to the Bitcoin exchange process, you will find CashApp makes things simple. 

10. Bisq

Bisq is an easy-to-use service that allows you to sign up without entering identification information. Of course, this makes some people a bit leary about using the Bisq platform, but it is not all that scary to use. Once you know how to use the Bisq app, most people find it one of the better Bitcoin exchange options out there. Bisq has no central location or hub, which means it cannot be taken down.

How to Choose the Best Bitcoin Exchange 

Now that you have the options for the ten best Bitcoin exchanges on the market, how will you decide which is for you? There are a few ways we used to narrow this list down from the dozens of different exchanges. You can use some of these same ways to determine which is the best for you. 

Pricing & Fees 

Each cryptocurrency exchange has its own pricing and fees. This can be a bit difficult to figure out initially, but you will quickly learn which ones are the most expensive. If an exchange is priced slightly higher, try to figure out what is causing the price increase. Is their service better? Or is it simply branding and marketing causing the higher pricing? If you make a lot of transactions with cryptocurrency, be careful of the fees. 

Tie Into Brokerage Accounts 

Do you already have some accounts set up with SoFi or Robinhood? If you do, this is a perfect road into the cryptocurrency exchange. In the long run, you will find it much easier to work with two or three different platforms than seven or eight of them. 

Reliability, Trust, & History 

There is still quite a bit of anxiety and distrust when it comes to cryptocurrency. People are scare of what can happen if they are not able to manage this money properly. Hackers make things scary, and so does lack of knowledge. Look into companies, read crypto exchange reviews and see where you feel the safest conducting transactions. 

Ease Of Use 

A Bitcoin exchange should be easy to use. When the platform loads, you should quickly be able to determine what you need to do to exchange. If you are on the website for a good ten minutes before realizing how to complete this process, the chances are the platform will not be the best choice for you. Keep things simple and focus more on your investing. 

The Bottom Line

Hopefully, you now feel as though your Bitcoin exchange choices are a bit easier to make. There are many great options out there, but you need to feel comfortable with where you end up. So keep an eye out for something that customers can easily use.

When you spend too much time trying to retrieve information or complete transactions, you are bound to get frustrated. Gemini stands out as a great place to start and is a good option for beginners. However, once you get a bit more involved in a Bitcoin exchange, you may want to see what other options are out there.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilising publicly available non-entity specific information about eToro. Your capital is at risk.