Top 11 Platforms To Trade the Cheapest Cryptocurrencies (2024)

Coinbase is well-known for its easy-to-use platform, making it a top pick among the best crypto exchanges for beginners, while also offering more advance tools for experienced traders.

It provides a wide range of trading choices and places a strong emphasis on security, incorporating features such as two-factor authentication and cold storage. Thanks to its dependability and user-friendly interface, Coinbase is a standout choice for both beginners and experienced traders.

Pros

• Robust security measures in place
• Offers innovative products and services
• Provides access to a diverse range of assets
• Operates globally, reaching a wide audience
• User-friendly platform for easy navigation
• Offers staking services for passive income opportunities
• Offers credit card

Cons

• Customer support can be slow or of varying quality
• Fees may be higher compared to certain other exchanges
• Availability may be limited in specific regions

Extensive selection of cryptocurrencies

Intuitive and user-friendly interface for easy trading and navigation

Strong security measures, including two-factor authentication and cold storage for most assets

Access to educational resources that provide opportunities to earn free cryptocurrency

Staking services to help you generate passive income

Mobile app for convenient trading on the go

Full compliance with regulatory standards for peace of mind

Support for fiat currencies, facilitating easy deposits and withdrawals

Multiple payment methods accepted, including bank transfers, credit/debit cards, and PayPal

Coinbase Wallet for secure cryptocurrency storage

API access for advanced traders and developers

Coinbase has earned its reputation as a cost-effective option for trading altcoins, particularly for those new to the cryptocurrency scene. Its user-friendly interface streamlines the process of purchasing altcoins, offering diverse payment methods, including debit and credit cards, along with PayPal.

While card transactions come with a 3.99% fee, ACH transfers are fee-free, with only a standard 1.49% commission. The platform extends support to various medium to large-cap altcoins like Ethereum, Dogecoin, and Cardano.

Security is a paramount concern, with 98% of assets securely stored in cold storage and mandatory two-factor authentication (2FA), bolstering the safety of your investments. Additionally, users can choose to safeguard their altcoins in Coinbase’s secure wallet, available on both iOS and Android devices.

Coinbase supports 238 coins and 391 trading pairs.

Trading fee: 0%-0.60%

Deposit fee: ACH free, SEPA (EUR) €0.15 EUR, Swift (GBP) free

Withdrawal fee: ACH free, SEPA (EUR) free, Swift (GBP) £1 GBP

KuCoin is one of the cheap crypto exchanges tailored for seasoned traders residing outside the United States. It is a CEX that grants access to an extensive crypto range and advanced trading functionalities.

The exchange boasts economical trading fees and employs a tiered fee system that grants reduced rates to high-volume traders and KuCoin Shares (KCS) holders. It offers an array of sophisticated trading tools, including margin trading, futures trading, and a distinctive trading bot service. Furthermore, KuCoin presents avenues for accruing interest through crypto lending and staking.

Pros

• Competitive and low trading fees
• Offers crypto credit card
• A robust and active user base
• Diverse selection of available coins
• Offers staking and lending services
• Features advanced trading capabilities
• Strong customer service support

Cons

• Lack of licensing in the United States
• Limited payment methods available
• Not particularly suitable for beginners
• Limited availability of educational resources

Extensive cryptocurrency support

Leveraged trading, margin trading, and trading bots

KuCoin’s native token (KCS) offers reduced fees and rewards

Optional account verification

KuCoin excels as a top choice for budget-friendly crypto trading, boasting extensive cryptocurrency support, including lesser-known options that might be hard to find on other CEXs. Its appeal lies in low trading fees.

The platform offers high liquidity and advanced features like margin trading and trading bots, catering to experienced traders. However, it’s worth noting that KuCoin lacks U.S. licensing.

KuCoin supports 749 coins and 1323 trading pairs.

Trading fee: 0.10% base fee, but it decreases based on your trading volume and KCS (KuCoin Shares) balance.

Margex, founded in 2020 and headquartered in Seychelles, is an online derivatives trading platform tailored for cryptocurrency trading. It offers leveraged trading on crypto-U.S. Dollar pairs, including popular cryptocurrencies like BTC, ETH, XRP, LTC, EOS, YFI, ADA, SOL, and UNI.

Key features include low minimum deposits, leverage up to 100x, a user-friendly interface, and a unique MP Shield AI system to prevent price manipulation. Users can also earn rewards through the referral program and enjoy 24/7 multilingual customer support. However, it’s important to note that Margex is not available to users in specific regions, including the United States.

Pros

• Low minimum deposit
• Access leverage of up to 100x
• Easy-to-use interface
• MP Shield AI system enhances security by preventing price manipulation, unfair liquidations, slippage, and wicks.
• Referral program
• Multilingual customer support

Cons

• Not available in the United States
• Margex operates from Seychelles and is unregulated
• Limited cryptocurrency pairs

Purchase Bitcoin with Visa and Mastercard directly on the platform

Margex provides an optional account verification process, catering to users who prefer to maintain anonymity

Two-factor authentication (2FA), email notifications, and cold storage for user assets

Educational resources

Transparent statistics and daily commission payments in Bitcoin

Margex is a platform to trade the cheapest cryptocurrencies due to its low minimum deposit requirement and high leverage, allowing you to maximize your trading potential with minimal initial capital. Margex’s user-friendly interface ensures a smooth trading experience for both beginners and experienced traders.

The platform prioritizes security through its AI-based system, providing protection against price manipulation and offering additional security features like two-factor authentication (2FA) and cold storage. Additionally, Margex’s referral program offers the opportunity to earn rewards by inviting others to join the platform, further enhancing its appeal.

Margex supports 11 coins, on their native blockchain networks, and 36 trading pairs. Some networks support more cryptos. For instance, on Polygon USDT, USDC and BNB coins are supported.

Trading fee: 0.019% maker -0.060% taker

Mergex doesn’t charge any fees for crypto deposits, but the minimum amount to deposit is the corresponding of $10 in that cryptocurrency.

The platform offers the option to buy crypto via using the Changelly or ChangeNOW platforms, which may include different fees.

OKX stands out as a leading centralized cryptocurrency exchange, providing a wide range of services, including spot, derivatives, and margin trading. With a global presence in over 100 countries, OKX offers versatility with numerous trading pairs and accessibility for traders of all levels of expertise.

Beyond trading, OKX offers opportunities for staking, participation in mining pools, and engagement in decentralized finance (DeFi) activities like lending. The platform’s rebranding underscores a decentralized ethos, featuring an integrated web wallet, a native blockchain, and web3-centric features like an NFT marketplace.

Pros

• Global reach
• Wide range of services (spot, derivatives, and margin trading)
• Extensive cryptocurrency support
• Web3 and DeFi focus
• High trading volumes

Cons

• Not available for the U.S. audience
• Complex for beginners
• Regulatory challenges

Global accessibility

Web3 features

Staking and mining pools

Derivatives trading, including futures, options, and perpetual swaps for advanced trading.

Integrated web wallet

OKX earns its reputation as a top-choice exchange thanks to its comprehensive suite of trading features, encompassing spot, derivatives, and margin trading, making it suitable for traders of all skill levels.

With a global presence spanning over 100 countries and a vast selection of over 300 cryptocurrencies, OKX offers a diverse and inclusive trading ecosystem. OKX’s commitment to web3 and decentralized finance is evident, with offerings including staking, mining pools, and DeFi strategies. The integrated web wallet enhances user convenience and security.

OKX supports 316 coins and 640 trading pairs.

Trading fee: 0.080% maker, 0.10% taker

Kraken is a reputable cryptocurrency exchange based in the United States, prioritizing security and regulatory compliance. With support for over 240 cryptocurrencies and acceptance of multiple fiat currencies, Kraken offers a diverse trading environment.

Known for its stringent security measures, including two-factor verification and PGP email encryption, Kraken ensures user safety. Its global reach, transparent operations, and verifiable proof-of-reserves audits instil trust among traders. Kraken’s user-friendly platform accommodates various trading options, such as spot, margin, and futures trading, catering to a wide range of traders, both individual and institutional.

Pros

• Strong security
• Regulatory compliance
• Wide asset range
• Advanced trading features
• Global reach

Cons

• Limited services in certain U.S. states and regions
• Mixed customer support reviews

Spot trading

Margin trading

Futures trading

NFT marketplace

Staking services

Advanced trading interface

Strong security measures

Global accessibility

Kraken earns its place as one of cheapest crypto platforms due to its impeccable security track record, having never experienced a breach in over a decade of operation. As a U.S.-based exchange, Kraken adheres strictly to global financial regulations, providing a secure trading environment. With a wide range of over 200 cryptocurrencies and support for multiple fiat currencies, including USD, GBP, EUR, CAD, JPY, AUD, and CHF, Kraken offers a versatile portfolio.

Moreover, its low entry point allows investors to start trading with as little as approximately $10, while the absence of deposit fees on a minimum deposit of just $1 makes it budget-friendly. Enhanced user security measures like two-factor authentication, PGP email encryption, and a master lock feature solidify Kraken’s reputation as a trusted and cost-efficient platform for cryptocurrency trading and storage.

OKX supports 248 coins and 780 trading pairs.

Trading fee: 0.16% maker, 0.26% taker

Deposit fee: Depends on the payment method and market conditions, all fees are displayed at the time of the purchase

Withdrawal fee: Depends on the chosen currency and payment method.

Uphold is a flexible cryptocurrency trading platform that boasts a wide spectrum of assets, comprising cryptocurrencies, fiat currencies, and even precious metals. With a presence in over 184 countries, Uphold facilitates seamless global foreign exchange and remittance services. Since its establishment in 2015, Uphold has processed transactions exceeding $4 billion, distinguished by its transparent operations and support for over 200 currencies.

The platform prioritizes user-friendliness and ensures robust security through features like two-factor authentication. Users enjoy access to over 250 cryptocurrencies, multiple fiat currencies, and the opportunity to trade precious metals like gold and silver.

Pros

• Wide asset range (over 250 cryptos)
• Available in over 184 countries, facilitating international trading
• Besides cryptocurrencies, you can trade fiat currencies and precious metals
• Offers credit card

Cons

• Higher fees compared to other platforms
• May lack some advanced trading tools offered by specialized crypto exchanges

Trade cryptocurrencies, fiat currencies, and precious metals

Focus on stringent security protocols to safeguard assets

Offers services to users in numerous countries worldwide

Usability and accessibility

Uphold is a user-friendly crypto platform for trading digital assets, providing access to a vast selection of over 250 cryptocurrencies. It stands out as a preferred choice as an altcoin exchange due to its user-friendly interface, catering to both newcomers and seasoned traders. Operating across more than 184 countries, Uphold offers a wide array of trading and investment possibilities on a global scale.

Uphold’s commitment to transparency and stringent security measures create a reliable and secure trading environment. Its unique feature of enabling trading not only in cryptocurrencies but also in fiat currencies and precious metals delivers a diversified and comprehensive trading experience. Uphold’s all-encompassing approach to digital asset trading makes it one of the most versatile crypto platforms.

Uphold supports more than 250 coins.

Trading fee: BTC, ETH trading fees 1.4% – 1.6%, altcoins trading fees 1.9% – 2.5%

Deposit fee: ACH free, SEPA (EUR) free, SEPA (GBP) free

Withdrawal Fee: $0.99 for trades under $500.

The fee for credit/debit card for any transaction is 3.99%.

BYDFi is a Seychelles-based global cryptocurrency exchange with its main office in Singapore. It provides a broad spectrum of trading opportunities, encompassing spot and perpetual contracts with leverage.

BYDFi is renowned as one of the cheapest crypto platforms, with strong security measures, a user-friendly interface, and strict compliance with regulatory requirements. Remarkably, it is among the few cryptocurrency exchanges that do not require Know Your Customer (KYC) verification, although registration is necessary for fiat currency deposits and withdrawals.

Pros

• Extensive trading options
• Strong security measures
• User-friendly interface

Cons

• Limited educational resources
• No staking or passive earning features
• Moderate liquidity for less common pairs

Spot trading with a simplified UI

Advanced trading dashboard with charting tools

Perpetual contracts with leverage options

Leveraged tokens trading

Copy trading feature for beginners

Token listing support for new projects

API access for customized trading solutions

BYDFi is one of the cheapest cryptocurrency exchanges, ideal for altcoin trading enthusiasts. With its extensive altcoin trading pairs and competitive trading fees, it’s a budget-friendly choice for both beginners and experienced traders. The user-friendly interface and strong security measures ensure a reliable and accessible trading environment.

BYDFi’s dedication to cryptocurrency trading without venturing into complex features like staking or web3 products makes it a straightforward option for those seeking affordable altcoins and the cheapest crypto trading fees. Its global reach and adherence to regulatory standards in key markets further solidify its position among affordable cryptocurrency trading platforms.

BYDFi supports over 360 coins.

Trading fee: 0.1% to 0.3% maker/taker fees (spot trading)

Deposit fee: BYDFi doesn’t charge a deposit fee, but it uses 3rd party providers such as Transak, Banxa or Coinify, which may ask for a deposit fee.

Withdrawal fee: Only network fees for crypto. The platform doesn’t allow the withdrawal of fiat.

Founded in 2007, eToro stands out as a multi-asset trading platform that seamlessly blends traditional investment options with innovative social trading features. It offers users the ability to trade a wide array of financial instruments, including stocks, cryptocurrencies, indices, commodities, ETFs, and currencies. What makes eToro exceptional is its social trading capability, enabling users to replicate the strategies of seasoned investors. The platform has expanded its repertoire to encompass cryptocurrencies, making it an attractive choice for both traditional and digital asset traders.

With regulatory compliance across multiple jurisdictions, eToro provides a secure and well-regulated trading environment. Its user-friendly interface and low entry barriers ensure accessibility to a diverse range of investors, establishing it as one of the cheapest cryptocurrency trading platforms.

Pros

• Empowers users with innovative copy trading capabilities, enabling them to replicate strategies from seasoned traders
• Grants access to a wide range of cryptocurrencies, in addition to traditional financial assets, promoting diversified trading opportunities
• Maintains compliance with multiple regulatory authorities, bolstering the platform's security and reliability

Cons

• Involves risks associated with CFD trading
• Imposes a flat fee for withdrawals
• Limits access to certain features like leverage and margin trading based on user location, such as the U.S., potentially reducing trading options for some

Social trading

Diverse asset classes

Regulatory compliance

Cryptocurrency variety

eToro Wallet

Smart Portfolios

User-friendly interface

Educational resources

eToro stands out as a top choice as one of the cheapest crypto platforms, thanks to its unique combination of social trading features and diverse range of cryptocurrencies. This user-friendly platform caters to both beginners and experienced traders, offering the opportunity to trade affordable altcoins and mimic the strategies of successful investors.

With regulatory compliance in multiple jurisdictions, eToro ensures a secure and trustworthy trading experience. It’s an ideal platform for those seeking a community-driven trading environment and looking to diversify their trading strategies beyond cryptocurrencies, all while enjoying low-cost crypto trading.

eToro supports 50 coins.

Trading fee: 1% + spread

Crypto asset transfer fee to eToro Money crypto wallet: 2%

Deposit fee: free

Withdrawal fee: $5, with a minimum withdrawal of $30

Inactivity fee: $10/month

Bitpanda is a European-based digital investment platform known for offering access to the cheapest cryptocurrency and other financial assets. Founded in 2014 in Vienna, Austria, Bitpanda has become a user-friendly hub for both new and experienced investors seeking low-cost cryptocurrency trading. It supports various payment methods, making transactions easy, while prioritizing security and regulatory compliance.

Bitpanda’s mission is to provide an accessible entry point into the world of digital assets and traditional financial markets, making it a prime choice among the cheapest crypto platforms.

Pros

• Ideal for those new to crypto trading
• Offers a variety of cheap crypto to buy, stocks and precious metals
• Highly regulated crypto platform
• Supports a range of payment methods

Cons

• Relatively high trading fees compared to other altcoin exchanges
• Primarily focused on European markets
• Limited advanced trading features

Provides a platform to buy cheap crypto

Offers altcoin trading pairs, stocks and precious metals

Savings plan for regular crypto investments

Instant swapping between different cryptocurrencies.

Bitpanda Pay

Multiple payment methods

User-friendly interface

Educational resources

Bitpanda supports over 300 coins.

Trading fee: 1.49%

Deposit fee: SEPA free

Withdrawal Fee: SEPA free

Bybit is a prominent global crypto exchange and supports a huge range of crypto, including the cheapest cryptocurrencies. The platform is mainly celebrated for its derivatives trading and spot trading services. It stands out for offering advanced trading features such as high leverage and a broad selection of altcoin trading pairs, making it a top choice for those seeking cheap altcoins to buy.

Bybit’s efficient trading platform, coupled with a robust transaction engine, caters to traders of all levels, ensuring a user-friendly and budget-friendly crypto trading experience. Additionally, the exchange prioritizes security, providing one of the cheapest and most secure cryptocurrency trading environments.

Pros

• Offers a wide range of derivatives and cheap altcoins for trading
• Quick order matching
• Over 10 million users
• Stringent security protocols for user protection

Cons

• Complex for beginners
• Limited availability in certain regions, including the U.S.
• Inefficient customer support

Futures and perpetual contracts with high-leverage options

Altcoin trading with built-in leverage

Copy trading

Advanced trading interface

Fast transaction processing

Bybit wallet

Multiple deposit and withdrawal options

Bybit offers an extensive array of derivatives and spot trading option. It is an ideal choice for those seeking the cheapest cryptocurrency trading opportunities. Whether you’re a novice or an experienced trader, Bybit’s platform provides user-friendly access to a wide range of altcoin trading pairs with high-leverage options, allowing you to explore cheap altcoins for trading.

The platform’s efficient transaction engine ensures swift and low-cost cryptocurrency trades, while robust security measures guarantee a safe trading environment. Bybit’s innovative features, like leveraged tokens and copy trading, further enhance its appeal as an affordable and user-friendly crypto platform.

Bybit supports 526 coins and 763 trading pairs.

Trading fee: 0.10%

Deposit fee: Depends on payment method

Withdrawal fee: Depends on the chosen payment method, but there are free options.

Pros

• Offers high liquidity
• Extensive crypto asset range and over 1400 cryptocurrency pairs
• Advanced trading features, including leveraged trading
• Cheapest crypto trading fees
• Robust security measures for user accounts and transactions
• Fast and effective P2P trading options

Cons

• Customer service might be slow
• Geographic restrictions may impact fiat deposit and withdrawal options
• Limited selection of cryptocurrencies available for trading in the U.S.

Spot and derivatives trading

Peer-to-peer (P2P) trading

Binance Earn (staking)

Binance Academy (educational resources on cryptocurrency and trading)

API support

NFT marketplace

2FA and advanced encryption

Mobile app

Multiple payment options

Binance offers an extensive selection of altcoin trading pairs, including low-cost cryptocurrencies. With high liquidity and advanced trading features, including futures and leverage options, Binance caters to diverse trading strategies while maintaining budget-friendly crypto trading fees.

Users benefit from a peer-to-peer trading platform and various payment options. The exchange’s strong commitment to security, comprehensive educational resources, and user-friendly interface make it a top-notch choice for both novice and experienced traders.

Binance supports 399 coins and 1476 trading pairs.

Trading fee: up to 0.10%

Deposit fee: depends on the currency

Withdrawal fee: depends on the currency