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7 Best Platforms to Buy and Sell Cryptocurrencies in 2021

cryptocurrencies Jun 21, 2021
Best Platforms to Buy and Sell Cryptocurrencies

Choosing the best cryptocurrency exchange depends on different factors, which include fees, investors’ goals, customer service, etc. With several exchanges available to choose from, it can be a daunting task to choose the best out of these.


Every cryptocurrency exchange has features that make it stands out among others. Undoubtedly, you can buy or sell cryptocurrency without an exchange; this alone indicates how vital an exchange can be.


Nevertheless, it is essential to understand the basic concepts of cryptocurrency if you are new. No matter what level you might be, this article has something unique for you; it will provide a different perspective of the cryptocurrency market in a way you never thought possible.


Before reviewing the 7 best platforms to buy and sell cryptocurrencies in 2021, it is essential to look at what cryptocurrency is.


Furthermore, you need to know essential factors to consider before choosing a cryptocurrency exchange for your trading. Without further ado, let us begin.

 

 

What is Cryptocurrency?

Cryptocurrency is a digital coin that utilizes cryptography to prevent counterfeiting and double-spending. It uses a decentralized network, which depends on distributed ledgers enforced by different computer networks.


It ensures every transaction is untraceable and anonymous without any party having access to vital information.

 

 

What are cryptocurrency exchanges?

These are platforms that provide liquidity for you to buy and sell cryptocurrencies, stable coins, and other altcoins.


What determines the buy and sell order is the market price. Alternatively, you can call cryptocurrency exchange crypto brokerage. Most crypto exchanges allow traders to trade Ethereum, Bitcoin, Altcoin, Ripple, and much more.

 

 

 

Best Cryptocurrency Exchange Platforms

1. Binance - Extremely Low Trading fees

2. Coinbase - Biggest Cryptocurrency Exchange in the World

3. Kucoin - Best Crypto-to-crypto Platform for Seasoned Traders

4. FTX - World’s First Crypto Index Futures Exchange

5. OKEX - Unrestricted Trading Anywhere in the World

6. Bitbuy - Best Easy to Use Canadian Cryptocurrency Exchange

7. Changelly - Best Platform to Convert All Cryptocurrencies

 

 

 

1. Binance

 

Binance has distinguished itself as a reputable cryptocurrency exchange platform over the last few years. It offers crypto-to-crypto trades, which means it doesn’t allow fiat currencies such as EUR and USD.


Binance began operation in 2017 in China before moving to Japan because of the strict restriction on cryptocurrency. Binance focuses on trading Spots, Margin Trading, and Futures.


Binance has impressive offerings, which come along with low trading fees. Despite being a new cryptocurrency exchange platform, it is growing rapidly with different selections of altcoins such as Tether, Ethereum, and Bitcoin.


Another interesting thing about Binance is the Binance Coin (BNB), which is its coin. Indeed, you can get good discounts trading with BNB. With a standard trading fee of 0.1%, Binance has captured the heart of many crypto traders.

 

Summary

  • Central Location – Hong Kong

  • Parent Company – first Ledger Corp

  • Supported Fiat – cover 10 support fiat currencies

  • Transfer options – crypto and Bank Transfer

  • Supported Pairs – over 100 different cryptocurrencies

  • Mobile app – yes (Android and iOS)

  • Fees – extremely low

  • Trading volume - high



Deposit and Withdrawal

Binance allows the deposit and withdrawal of funds in both fiat and cryptocurrency. Traders without Binance supported cryptocurrencies can buy cryptos using their debit or credit card, cash balances, P2P trading, or third-party payment system.


Traders can withdraw on the Binance platform to an external wallet. The platform also allows fiat withdrawal for some supported countries.


For crypto withdrawal, you have to go to your wallet and select “Spot” before choosing the crypto wallet you want to withdraw your funds and click “Withdraw.”


Generally, Binance offers different deposit and withdrawal options, which is a good strategy in accommodating everyone to the platform. Wherever you are, you will find a method to withdraw or deposit funds to your wallet.

 

Customer Support System

Binance has various options available for traders to sort out their issues. To contact Binance customer support, you have to click the “Support” icon at the website's bottom right. It usually takes less than 24 hours to get a response from the team.


Nevertheless, Binance has an online presence on various social media platforms, including Instagram, Facebook, Twitter, YouTube, and Reddit.


Furthermore, it also provides a FAQ section where traders can get answers to frequently asked questions. This option makes it easier for traders to resolve their issues without contacting the support center.

 

Pros

  • High trading volume

  • High security – two-factor authentication (2FA)

  • Extremely low fees

  • ICO launchpad

  • Over 100 altcoins to trade

  • User-friendly platform

  • Multiple trading platforms for different level of traders



Cons

  • Demo account only available for Futures platform

  • Delay in customer services

  • The difficulty for new crypto-traders

 

Conclusion

Binance is a reputable cryptocurrency exchange that offers top-notch security and quality service.


Its security and liquidity protocols offer traders and investors an impressive platform to sell and buy cryptocurrencies. Binance looks to continue its evolution with the introduction of the Launchpad and Binance Visa Card.

 

 

Try Binance for Free Here!

 

 

 

2. Coinbase

 

Coinbase is a United States based cryptocurrency platform that was launched in 2021. Today, it is one of the largest fully-regulated exchanges in the US.


Recent studies show that it has facilitated over $455 billion worth of transactions with more than 40 million verified users holding assets worth over $90 billion. These stats alone will entice any cryptocurrency lover to consider it when looking for a platform to buy and sell cryptocurrencies.


It is undeniably one of the 7 best platforms to buy and sell cryptocurrencies in 2021; it supports several fiat currencies such as the Euro, US Dollar, the British Pound, and more.


To serve its customer better, it launched the Global Digital Asset Exchange, which is now called Coinbase Pro, to offer traders who love high volume trading.

 

Summary

  • Central Location – United States

  • Founded – 2012

  • Supported Fiat – EUR, USD, and GBP

  • Transfer options – crypto and bank transfer

  • Supported Pairs – over 140 digital tokens and 400 BTC and USDT pairs

  • Mobile app – yes (Android and iOS)

  • Fees – extremely low

  • Trading volume - high

 

Deposit and Withdrawal Options

Customers have several options to deposit and withdraw funds. However, there is a slight difference between these options depending on your location.


Nevertheless, deposit and withdrawal options include a bank account, usually taking 4-5 business days. The wire transfer can be used for both deposit and withdrawal and takes at most 3 business days.


Finally, you have the option of using cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Bitcoin Cash for your deposit and withdrawal.

 

Customer Support System

Coinbase exchange offers traders different ways to contact the support team. It provides an e-mail where you can fill the contact form on its website.


If you want to get a swift reply, it is preferable to use the same e-mail during registration to contact the team.


Furthermore, Coinbase offers telephone support for compromised accounts. People residing in the United States can contact Coinbase through its phone number (888-908-7930).

 

Pros

  • Supports different fiat currencies

  • Offers chain transfer

  • Easy to use platform

  • Suitable for new traders

 

Cons

  • Tricky fee structure

  • Limited payment options

  • GDAX is only suitable for technical traders.

  • Limited to certain countries

  • Tax-compliant

 

Conclusion

Indeed, the cryptocurrency market can be challenging for a newbie to understand. However, Coinbase makes it easier by providing a simple and intuitive platform for both beginner and advanced traders.


We can’t deny that Coinbase is a reputable exchange to buy and sell cryptocurrencies with hundred of coins.


The platform attracts new users who want something simple without any hassle trading cryptocurrency. Coinbase can be the best platform to buy and sell cryptocurrencies in 2021 if you do due diligence.


Furthermore, it encourages newer traders to feel the market with low spreads with increased security to protect their investments.

 

 

Try Coinbase for Free Here!

 

 

3. KuCoin

 

KuCoin is a cryptocurrency platform that offers traders a third-party brokerage service. Notwithstanding its few years of existence in the cryptocurrency industry, it has found a way to become among the largest exchanges.


With over 200 coins and 450 cryptocurrency pairs to trade from, you never run out of options every day.


Interestingly, it offers crypto-to-crypto pair trading for seasoned traders. Its objective is to create a simple but effective platform for anyone to trade any digital coin of their choice.


The platform hasn’t experienced any issues, which is a good sign for traders. Furthermore, traders can trade anywhere and whenever they desire through its KuCoin app, which is available on iOS and Android.

 

Summary

  • Parent Company: Mek Global Limited

  • Founded – 2017

  • Headquarter – Seychelles

  • Supported Fiat – USD, EUR, AUD, GBP, and more

  • Transfer options – crypto, credit card, and debit card transfer

  • Supported Pairs – over 456 cryptocurrencies

  • Mobile app – Yes (Android and iOS)

  • Decentralized - no

  • Fees – very low

  • Trading volume - Medium

 

Deposit and withdrawal

Since the platform is exclusively for crypto-to-crypto exchange, you cannot deposit money using fiat currency. However, it has created a third-party solution using Banxa or Simplex that allow users to buy coins directly.


Additionally, it doesn’t charge fees when depositing but has different fixed fees when withdrawing.

 

Customer Support System

KuCoin has an experienced team that works throughout the day to respond to client’s challenges. Traders can reach these staff on various platforms, including mobile app support, onsite chat, KuCoin help center, and the FAQ center.


Furthermore, they have a massive social media presence with different languages available. These options include Facebook, Twitter, Telegram, Reddit, Instagram, Medium, and YouTube.


Generally, you are guaranteed to receive a quick response from the team with every query sorted out ASAP.

 

Pros

  • Supports a variety of cryptocurrencies

  • Anonymous trading

  • Highly secured

 

Cons

  • No bank deposits allowed

  • Complicated for new traders

  • Low trading volume

 

Conclusion

KuCoin is an innovative and ambitious player in the cryptocurrency industry. It offers great products, which has led to the significant growth it experienced within the last three years.


Indeed, in terms of reliability, security, and service quality, KuCoin remains among the 7 best platforms to buy and sell cryptocurrencies in 2021.

 

 

Try Kucoin for Free Here!

 

 

 

4. FTX

 

FTX is a fast-rising cryptocurrency derivatives platform that has established itself in the cryptocurrency industry. Recently, it partnered with Binance to boast its daily trading volume.


Founded in 2019, it focuses only on derivatives trading, including bonds, stocks, and commodities. Besides this, it offers access to different innovative trading products, including MOVE contracts, 20 perpetual swaps, 45 leverage tokens, and prediction markets.


We know that it was founded by Sam Bankman-Fried, a former professional trader on Jane Street Capital’s International ETF desk, and Gary Wang. Today, the platform is backed by various crypto venture funds.


The core of the platform is transparency with its office in Antigua and Barbuda.

 

Summary

  • Main Location – Antigua and Barbuda

  • Supported Fiat – Supports fiat currencies such as USD, GBP, CAD, EUR, and AUD

  • Transfer options – crypto and Bank Transfer

  • Supported Pairs – over 100+ trading pairs

  • Mobile app – yes (Android and iOS)

  • Trading volume - medium

 

Deposit and Withdrawal Options

FTX allows fiat deposits and withdrawals in EUR, USD, GBP, CAD, AUD, ZAR, SGD, HKD, and CHF.


Furthermore, users can deposit cryptocurrencies in their account using BTC, BNB, BCH, ETH, FTT (FTX token), and USD stable coins such as HUSD, USDT, TUSD, USDC, BUSD, and PAX.


There is no fee attached to both crypto withdrawal and deposit because the platform pays the blockchain fees. Nevertheless, fiat withdrawals below $10,000 attract a fee of $75.

 

Customer Support system

FTX provides different channels for traders to contact its support team, including e-mail and Telegram. It also has a detailed FAQ section that provides a comprehensive solution to traders' major problems on its platform.


It contains an extensive article covering fees, OTC, FTT token, deposit and withdrawal, API, crypto trading, account, and KYC verification.

 

Pros

  • Unlimited withdrawals

  • High liquidity levels

  • Low fees

  • Fiat support

  • Solid customer support system

 

Cons

  • Complex trading products

  • Restriction for US residents

 

Conclusion

FTX is paving the way for itself by pioneering the first cryptocurrency Futures exchange platform. It is the best destination for traders who want to trade on a different range of derivatives.


With leverage of 101x and products such as OIL futures contracts, prediction market tokens, and crypto indices, it is worth giving a shot.


Furthermore, features such as unlimited withdrawals, fiat transfers, deep liquidity, and an OTC desk make it a spot for both institutional and retail traders.


FTX remains a reliable option for traders looking to trading in the Options and Futures market. Additionally, knowledge and understanding of leverage will enable you to succeed when trading with FTX.

 

Try FTX for Free Here!

 

 

 

5. OKEX

 

OKEx is another promising cryptocurrency platform that allows traders to easily buy and sell Ethereum, Bitcoin, and other coins. With an intuitive platform, you can navigate through the platform with ease due to its sleek user-interface.


Furthermore, even amateurs can easily buy, sell, check cryptocurrency prices, and more without guidance.


Like Bitbuy, OKEx is a Malta-based exchange that operates in over 120 countries providing market buying option cryptocurrency liquidity for traders. It offers traders the opportunity to trade spot, margin, and derivatives such as perpetual swaps, Futures, and Options.


Undoubtedly, one of the largest fiat-to-crypto and crypto-to-crypto exchange platforms with over 20 million users.

 

Summary

  • Main Location – Malta

  • Founded - 2017

  • Supported Fiat – over 10 support fiat currencies

  • Transfer options – crypto and Bank Transfer

  • Supported Pairs – over 140 digital tokens and 400 BTC and USDT pairs

  • Mobile app – yes (Android and iOS)

  • Fees – competitive

  • Trading volume – moderate

 

Deposit and Withdrawal Methods

OKEx offers different deposit options, including credit card, wire transfer, and cryptocurrency. The withdrawal comes with a fee of 0.0005 BTC when using BTC.


Interestingly, this unique feature makes it popular since it offers a withdrawal fee below the industry average. Generally, OKEx has a competitive fee when compared with other cryptocurrency exchanges.

 

Customer Support System

With a reliable online customer support system that offers 24/7 service, you can seamlessly resolve your technical and trading issues.


Furthermore, OKEx offers users the opportunity to use whatever platform is convenient for them. For instance, traders can use e-mail, phone, live chat, WhatsApp, and submit a ticket form to contact the support team.


Also, the FAQ section contains relevant questions and answers that other traders have asked. The Join the community section is another aspect of its customer support system that enables traders to communicate with other members.

 

Pros

  • High liquidity

  • Free registration with a user-friendly platform

  • Excellent customer support system

  • Different payment methods

  • Low fees with incentives

  • Over 400 trading cryptocurrencies

 

Cons

  • Restriction in certain countries

  • No fiat

  • Some features are advanced for new traders

  • No demo account for users

 

Conclusion

OKEx is a competitive cryptocurrency exchange that offers unlimited options to traders. With its simple but user-friendly platform, you can trade Spot, Perpetual swaps, and margin.


Furthermore, it provides a mobile app that allows you to trade on the go. From all indications, OKEx has positioned itself as the future of cryptocurrency trading as it offers referral and affiliate programs to attract more users to its platform.


It is only a matter of time before it becomes among the world's first three cryptocurrency exchanges.

 

 

Try OKEx for Free Here!

 

 

 

 

6. Bitbuy

 

Despite the widespread popularity of cryptocurrency, there are countries where it is restricted. However, for those in Canada, Bitbuy would be your perfect option as it is best suited for both citizens and residents.


The cryptocurrency exchange was founded in 2012 with a mission to offer customers a safe, quick, and easy way to buy and sell cryptocurrencies. 


The exchange has improved tremendously and is now a fully regulated exchange platform with oversight from the Canadian authorities.


Uniquely, the platform allows traders to trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), and Stellar (XLM) directly with the Canadian dollar.


Furthermore, the platform allows advanced trading, OTC desk with excellent customer service to clients. It is good to mention that Bitbuy is  the ONLY platform to offer 1:1 BTC insurance to uses (and at no extra cost).

 

Summary

  • Central Location – Toronto, Canada

  • Parent Company – First Ledger Corp

  • Supported Fiat – CAD

  • Transfer options – crypto and Bank Transfer

  • Supported Pairs – 7 (BTC, ETH, LTC, XRP, BCH, EOS, and XLM)

  • Mobile app – yes

  • Fees – medium

 

Deposit and Withdrawal Methods

Bitbuy has limited deposit and withdrawal methods; it uses Canadian dollars as the only fiat currency. However, traders can trade 7 supported cryptocurrencies; you can deposit or withdraw using any of its supported coins.


The CAD deposit options include Express Interac e-Transfer, Interac e-Transfer, and Wire Transfer. 


Nevertheless, it doesn’t support credit or debit cards for both deposit and withdrawal. Transfer method can take 5 business days for processing. Usually, a bank wire transfer takes a maximum of 2 days, whereas its express transfer takes a day to process.


The table below shows the withdrawal fees for each cryptocurrency on the Bitbuy exchange:

 

Coin

Minimum Withdrawal

Fee

Ripple (XRP)

25 XRP

0.02 XRP

EOS

0.03 EOS

0.02 EOS

Litecoin (LTC)

0.05 LTC

0.02 LTC

Stellar Lumens (XLM)

25 XLM

0.02 XLM

Bitcoin Cash (BCH)

0.01 BCH

0.001 BCH

Ethereum (ETH)

0.02 ETH

0.01 ETH

Bitcoin (BTC)

0.001 BTC

0.00025 BTC

 


Pros

  • Excellent customer support system

  • Canadian dollar-based exchange

  • Regulated exchange

  • Swift registration and verification process

  • Availability of mobile app

 

Cons

  • Restricted to only Canadian citizens and residents

  • Limited cryptocurrencies to trade

 

Customer Support System

Bitbuy offers different support services to customers. Besides having a phone line, it provides e-mail and chats support for quick and responsive interaction.


Furthermore, each question or query gets an immediate response even on weekends. Its online presence cut across various platforms, including Reddit, Twitter, and other forums. There is always room to address issues for disgruntled customers.

 

Conclusion

Generally, Bitbuy has every feature you would want in a cryptocurrency exchange. However, the restriction to those outside Canada is a drawback to its growth.


Furthermore, its swift customer support system, mobile app, and regulated exchange make it a top choice to buy and sell cryptocurrencies in 2021.

 

 

Try Bitbuy for Free Here!

 

 

 

 

7. Changelly

 

While it may be new in the cryptocurrency industry, Changelly is renowned for its seamless conversion from one currency to another.


Established in 2016, it has managed to attract over a million users to its platform, offering a fast and straightforward interface for everyone to sell and buy cryptocurrency. 


Interestingly, users can buy different cryptocurrencies using fiat currency such as Euro and USD. The platform is designed in such a way that it allows everyone to buy cryptocurrency.

 

Summary

  • Founded – 2016

  • Headquarter – Prague, Czech Republic

  • Supported Fiat – EUR and USD

  • Transfer options – Crypto, credit card, debit card, and Bank Transfer

  • Supported Pairs – major cryptocurrencies

  • Mobile app – yes (Android and iOS)

  • Fees – extremely low

  • Trading volume - medium

 

Deposit and Withdrawal Methods

Changelly offers several deposit and withdrawal options when converting cryptocurrencies. However, its options are limited when you want to deposit or withdraw using fiat money.


Furthermore, you can’t sell your cryptocurrencies using fiat money on the platform. The only option is to sell your cryptocurrency with another coin. You can buy coins using credit or debit cards in all currencies. However, transactions will be in Euro or USD.


There are over 90 coins you can buy and sell on Changelly exchange, which include Litecoin, Monero, Ethereum, Bitcoin, Dash, Dogecoin, ZCash, etc.,

 

Customer Support System

It has a pretty good support system that a reputable cryptocurrency exchange should have. Traders have a lot of options available for them to contact Changelly.


These include e-mail, phone, and a detailed FAQ page that provide relevant solutions that beginners and advanced traders might face.

 

Pros

  • Accepted in all countries

  • Easy and intuitive interface

  • Secure cryptocurrency exchange

  • Easy to use mobile app and website

  • No registration or verification required

 

Cons

  • High fees

  • Cannot sell a crypto coin for fiat currency

  • Security issues because of no verification

 

Conclusion

Changelly is a reputable exchange to buy and sell cryptocurrency in a fast and easy way. With competitive fees and numerous cryptocurrencies to select from, you can’t run out of options.


If you want a platform that offers a seamless registration process, then Changelly is your best bet. Furthermore, its availability in all countries makes it a likely choice for most people with restrictions trading cryptocurrency.

 

Our Ranking System

When it comes to picking the best platform to buy and sell cryptocurrencies, there are many factors to consider. Importantly, you need to check the security features, volume, number of fiats and coins, verification process, withdrawal and deposit methods, and customer support. To make our judgment, we will use some of these features to grade the 7 best platforms to buy and sell cryptocurrencies in 2021.


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