Best cryptocurrency exchanges and trading apps in February 2023


Woman trades cryptocurrency on her phone

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While the popularity of cryptocurrency has increased in recent years, only a minority of Americans have traded it. Among the most popular cryptocurrencies are Bitcoin, Ethereum, and Dogecoin, each of which has seen plenty of action as prices rise and fall. The appeal for merchants? The potential to make a lot of money from the volatility of these highly speculative assets.

Increasingly, merchants have more and more ways to access CRYPTOCURRENCIES. New exchanges and trading platforms have been launched in response to the widespread interest in cryptocurrencies. In fact, you may already have an app on your phone that allows you to trade. For example, if you have the PayPal or Venmo apps, you can buy and sell at least a few different cryptocurrency coins. But other apps and exchanges give you access to a wider selection of cryptocurrencies: there are literally thousands — or offer other benefits such as lower cost.

Below are some of the top apps and exchanges for trading cryptocurrency and some of the key things you need to know.

Top apps and exchanges for trading cryptocurrencies in February 2023

The platforms below include specialized crypto exchanges, online brokers, and cash and payment applications. We’ve included the prices and the number of coins you can trade, so you can get an idea of ​​the scope of each app or exchange.

If you are interested in trading exclusively the largest cryptocurrency, Bitcoin, it may not make sense to choose an app that offers you dozens of other currencies. On the other hand, if you’re looking to trade whatever’s hot right now, consider an app or exchange with more variety.


bittrex is an attractive option for cryptocurrency traders thanks to its low-cost, easy fees, especially for those who trade large volumes. If you’re trading less than $50,000 every 30 days, you’ll pay 0.25 to 0.30 percent in commissions, but fees drop quickly from there if you’re trading a lot of money. Also, Bittrex does not charge for USD deposits or ACH withdrawals.

Cryptocurrency enthusiasts will also appreciate Bittrex’s offer of around 100 cryptocurrencies to trade. You will find all the most popular coins, including Bitcoin, Ethereum, and Dogecoin, as well as the more obscure lists.

Cost: Fees start at 0.35 percent and drop dramatically for high-volume traders.

Available currencies to exchange: Around 100 currencies including Bitcoin, Ethereum, Dogecoin and Litecoin


Binance.US, which is the American arm of the larger Binance organization, is one of the best crypto exchanges due to its low trading costs. Bitcoin and Ethereum traders can access commission-free transactions, while other coins are priced on a sliding scale for high-volume traders. Also, if you use Binance’s internal currency, BNB, to pay trading fees, you’ll get a 25 percent discount.

You’ll also be able to trade over 130 different cryptocurrencies on Binance, so you shouldn’t have a problem finding what you’re looking for, especially if you only want to trade the most popular coins.

Cost: Free for Bitcoin and Ethereum, but fees for less common coins start at 0.45 percent and decrease for high-volume traders. A 25 percent discount is available if you pay trading fees with BNB.

Available currencies to exchange: 137 coins including Bitcoin, Ethereum, Solana, Cardano and more


the corridor eToro it’s all crypto, all the time (at least for US traders, though others may trade stocks). On eToro, you’ll have access to about 80 cryptocurrencies, including some like Tezos, Uniswap, and Polygon that you typically won’t find on traditional brokerage apps. The app does not charge a direct commission, but rather a flat 1 percent surcharge, regardless of the currency you buy or the amount.

Cost: No commissions, but 1 percent markup

Available currencies to exchange: 79 cryptos including Bitcoin, Ethereum, dogecoin and more

coin base

coin base is a specialized cryptocurrency exchange that allows you to trade a bunch of digital currencies, 230 at last count. That range is likely to scratch your crypto itch as it includes most of the major coins, including Bitcoin of course. But what will you pay to use the basic service? Unfortunately, Coinbase has become more cautious about what it will pay to trade, recently obscuring the fee structure on its website.

When it was visible, the fee structure was complex, to say the least. You would pay a markup of around 0.5 percent and a transaction fee that depended on the size of the transaction and the source of funding. For Coinbase Advanced Trade, you’ll pay fees that start at 0.6 percent for 30-day volume below $10,000 and decrease to 0.15 percent for up to $100,000 in volume and then drop even lower.

Cost: Usually at least 1.99 percent (lower with Coinbase Advanced Trade)

Available currencies to exchange: A whopping 230, including Bitcoin, Ethereum, Cardano, and Solana


Kraken is another specialized cryptocurrency exchange that allows you to trade a ton of different coins, including the most popular ones and some (Solana, Uniswap, Cardano, and more) that aren’t normally available on regular financial apps. In total, the exchange supports trading of more than 212 cryptos. Kraken does not offer its service to residents of the states of New York and Washington.

Commissions on Kraken Pro are competitive, ranging from 0.16 to 0.26 percent at the lowest volume levels and decreasing to a range of 0 to 0.1 percent with volume of $10 million or more in recent years. 30 days. High purchasing power merchants you can also access margin of operations, increasing your purchasing power (and risk). While you can deposit money via ACH for free to Kraken, debit or credit card transactions incur a fee of 3.75 percent plus 25 cents, and you may receive an online banking processing fee of 0. 5 percent if you finance through a bank, on the last check.

Cost: Fees start at 0.26 percent, plus fees for cards and online banking

Available currencies to exchange: 212 of them, including Bitcoin, Ethereum, Solana, and Uniswap

Robin Hood

You should know Robin Hood for its nifty trading app for stocks, options, and ETFs, but has also expanded into cryptocurrencies. Furthermore, it brings its commission-free structure to the world of cryptocurrencies. Although trading may seem free, Robinhood charges a spread markup rather than a direct commission, which means the costs are built into the price of buying or selling a coin. You can get started almost immediately with Robinhood’s instant transfer feature, so just download and go.

Cost: $0, or no commission, but there is a markup

Available currencies to exchange: 18 of them (some not available in all states), including Bitcoin, Dogecoin, and Ethereal


webbull It may not be the poster child for business apps, but its feature set feels a step above Robinhood’s. Like its well-known rival, Webull offers stocks, options, ETFs, and cryptocurrencies with no out-of-pocket fees. And similarly, Webull works on a markup for its cryptocurrency exchanges, so its cost is built into the exchange. You can also trade a few more coins than you can on Robinhood, including Cardano.

Cost: No commissions, but 1 percent markup (100 basis points)

Available currencies to exchange: 58 different types including Bitcoin, Ethereum and Solana

cash app

When you think of cryptocurrency, you may not think of cash app first. The financial app is best known for its cash management account or even its ability to trade stocks and ETFs. But it also offers the possibility of exchanging cryptocurrencies, although only one: Bitcoin. While you can send Bitcoin to other users for free, Cash App charges what it calls a “small fee” for exchanging the currency, which you’ll disclose before making the transaction. That’s in addition to a markup built into the trade itself. Unfortunately, it does not disclose its exact fee structure.

Cost: Margin spread plus a trading fee

Available currencies to exchange: Bitcoin only


Just like the Cash App, you may already have PayPal installed on your phone and if so, you could be up and running with cryptocurrency trading literally seconds from now. PayPal charges a fee for any transaction and also prices on a markup on transactions. The fee starts at 49 cents for trades under $5 and then gradually increases to $2.49 for trades up to $200. It then switches to a percentage that decreases as low as 1.5 percent for trades over $1,000. Fortunately, PayPal lists their fee structure clearly for everyone to see. PayPal’s sister app Venmo offers the same services on similar terms.

Cost: Margin spread of around 0.5 percent plus a trading fee that starts at 49 cents and decreases to 1.5 percent

Available currencies to exchange: Four different cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash

Bottom line

The best crypto trading app or exchange for you depends on your needs. If you’re looking to trade a wide range of digital currencies, consider an app or exchange that allows you to do so. But if you prefer to stick mostly to the major ones, like Bitcoin, Ethereum, and a handful of others, then many of the platforms mentioned here can get the job done. But cost is also an important consideration, so keep that in mind before opening an account.

Editorial Disclaimer: All investors are advised to conduct their own independent research on investment strategies before making an investment decision. In addition, investors are cautioned that past performance of the investment product is not a guarantee of future price appreciation.