As the world of cryptocurrencies continues to grow and evolve, it can be difficult for an unsophisticated investor to know which platform is the most secure and profitable. With the ever-growing number of promising platforms, how do you determine the best crypto platform? In this guide, we will explore each feature that offers an optimal solution to buyers and will act as guides through the world of cryptos.
Introduction to the world of cryptocurrencies
Cryptocurrencies, also known as cryptographic currency or cryptocurrency, are a virtual form of money that can be used to pay for goods and services. They operate on public blockchains, meaning they are decentralized and do not require third-party intervention.
The first cryptocurrency to be created was Bitcoin in 2009, followed by Ether in 2015.
The advantages of cryptocurrencies are mainly in fast and cheap transfers, transaction privacy, the absence of foreign or government controls, and their ability to resist inflation. Unfortunately, some disadvantages remain such as exchange rate volatility, lack of consumer protection, and low levels of regulation.
What is the best crypto platform in 2023?
The search for the best crypto platform begins with understanding the criteria used for the ranking. The main factors considered are security (robust security protocols), fees (minimal fees), features (extra courtesy), and ease of use (intuitive interface).
All of these aspects will contribute to the different final rankings.
It is also important to consider the number and variety of cryptocurrencies available to buy through each platform. So that investors can diversify their portfolios without going through too many exchanges.
Finally, it is essential that each exchange offers an excellent user experience through its interface or application offering easy access to crypto investments.
| N° | Platform | Fees | Key Points | Learn more |
|---|---|---|---|---|
| 1 | Etoro | 0,75% | Great asset diversification | Discover |
| 2 | Binance | 0,10% | Offering several types of services | Discover |
| 3 | Coinbase | 3,99% | Listed platform | Discover |
| 4 | Crypto.com | No fees | Quality ancillary services | Discover |
| 5 | Kraken | 0,16% | Customizable platform | Discover |
| 6 | Bybit | 0,10% | Simple interface | Discover |
| 7 | OKX | 0,02% | Platform specialized in staking | Discover |
| 8 | Kucoin | 0,1% | Platform specialized in trading pairs | Discover |
| 9 | Coinhouse | 3,49% | French platform | Discover |
| 10 | Kriptomat | 1,45% | Educational platform | Discover |
| 11 | Libertex | No fees | Specialist in crypto CFD trading | Discover |
| 12 | Bitpanda | 1,45% | Multi-asset platform | Discover |
| 13 | Swissborg | 1% | Good ergonomics | Discover |
| 14 | Paymium | 0,10% | Only for trading bitcoin | Discover |
| 15 | Young Platform | 2,5% | Brand new on the market | Discover |
eToro: the platform known to the general public
eToro is probably the best-known trading platform that offers access to many markets including that of cryptocurrencies.
The platform offers a large number of products including stocks, ETFs, indices, commodities, currencies and cryptos.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 0.75% | Great asset diversification | Unintuitive interface | Discover |
Advantages
The good side of eToro is that it offers a wide variety of assets such as cryptos, but also stocks, ETFs, Forex, indices and commodities. eToro is a broker with a very wide offer.
The other advantage of eToro is that if you don’t know anything about trading, but want to get started, eToro offers a copy trading system which consists of copying the positions of another trader, or copying all the positions of another portfolio into your portfolio.
Disadvantages
Despite its diversity, the exchange’s interface is simple, but not very intuitive when placing an order: since there is no order book, the order placement and execution are done only at the market or at the limit. So, it can be very complicated for a beginner to place a stop-loss or a take-profit, a basic feature on other platforms.
Moreover, for crypto investors, the disadvantage is that the cryptos on which you will speculate do not belong to you: eToro offers CFDs (contracts for difference). You will therefore not be able to transfer your tokens to a different platform such as Binance or Coinbase afterwards.
In terms of fees, eToro remains one of the platforms that charges the most fees to crypto users.
Binance: the ultra-complete platform
Binance is a platform specialized in cryptocurrencies that is still young, but has managed to make a name for itself in a short time thanks to numerous marketing strategies and successive updates that are often well thought out. The exchange is suitable for beginner buyers as well as seasoned traders, the platform has conquered the market without much difficulty.
Binance offers several dedicated sub-platforms: one for spot and margin trading, another for futures trading and a last one for options with correct maturities (compared to those of binary options that have existed on the platform for several months). The platform also offers a “Lite” interface for beginners and a “pro” interface for professionals.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 0.10% | Offering several types of services | Very centralized platform | Discover |
Advantages
Binance offers services for all types of profiles such as a range of “financial” products that allow you to save while receiving interest. The offer is complete, with products that will satisfy most users – Flexible Savings, Locked Savings, one-off loans, flexible or locked Staking. Regarding fees, spot transactions are among the lowest in the sector with 0.10% in maker and taker. However, there are many ways to further reduce fees: if you pay your fees in BNB, the platform’s token, these fees drop to 0.075% in taker and maker.
The crypto platform is also very secure, particularly with its two-factor authentication and the need to provide an identity document to complete the registration process on the exchange.
Disadvantage
The main negative point about Binance is that the platform remains very centralized, which seems disadvantageous for a crypto exchange. Some aspects of Binance can quickly cause harm, in particular leverage that can be described as extreme on derivative products such as futures (up to x125), or binary options that are presented as a bet on the rise or fall of the underlying such as Bitcoin, with a maturity of around 5 minutes to 24 hours.
The platform also seems quite slow during peak periods, which made it vulnerable during a large concentration of active users.
Coinbase: the platform that went public
Coinbase is a platform that is highly regarded for its ease of use and its graphics, ideal for beginners. The exchange registered more than a million users just two years after its creation in 2013, while relatively few people were closely interested in the world of cryptocurrency at that time. It now has more than 35 million customers in more than a hundred countries. Coinbase has been the very first crypto platform listed on the stock exchange since 2021.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 3.99% | Ease of use | High fees | Discover |
Advantages
Coinbase has an ergonomics and ease of use that seems ideal for people who want to get started in the world of cryptocurrencies. Just like Binance, it is possible to switch to the platform’s “pro” interface for people with some expertise in crypto investment.
In terms of education, Coinbase provides advice and tutorials to cover the fundamentals of cryptocurrency and even offers lessons that allow you to earn tokens that are tradable at the end. For security, Coinbase also establishes the registration validation process with the sending of an identity document.
Disadvantages
The least advantageous side of the exchange is the transaction fees: particularly high: 3.99% on crypto purchases by credit or debit card, and 1.49% on other transactions. SEPA bank transfers to the platform are free, and transfers out of the platform are charged 15 cents. Withdrawals to bank cards cost up to 2% of the amount, with a minimum of 55 cents. On most competing platforms, these fees are much lower.
Converting crypto is also expensive: spreads can reach 2%, incomparable with the 0.1% fees that can be found on other platforms for the same transaction.
Crypto.com: Quality ancillary services
Crypto.com is considered a real Swiss army knife for cryptocurrency investors with its mobile application, payment card, deposit account, and crypto lending and borrowing services.
This platform acts as a kind of gateway to the world of cryptocurrencies. The trading features are minimalistic, but easy to understand for beginners
Crypto.com has its own token that allows you to obtain advantages on the Crypto.com exchange. The platform therefore encourages you to stake your token, since the latter is essential and must be held sufficiently and permanently to fully benefit from the services offered.
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| Disadvantages | Advantages | Disadvantages | Learn more |
| No fees | Attractive use of the card | Not very ergonomic web interface | Discover |
Advantages
The main advantage is its card. Indeed, it is the flagship product around which a large part of the communication revolves: a range of Visa cards that allow, like classic bank cards, to make payments in any store that accepts Visa cards, to make withdrawals from ATMs or to make purchases online.
The advantages set up by Crypto.com for the use of the card are attractive, but are essentially conditional on the holding of CRO. Clearly, these cards are a strong distinctive sign of the platform compared to its competitors, and they are rather appreciated by their users.
Disadvantages
Despite its arsenal of features, the cryptocurrency platform has a web interface that is not very user-friendly, which is a shame considering that it is supposed to be a kind of financial tool.
The advantages of the cards are less and less interesting and Crypto.com considerably reduces the rewards offered month after month. In addition, the platform “forces” the purchase of CRO tokens (in order to stake them), which is anything but interesting since the unit price of this crypto continues to fall.
Kraken: the customizable exchange
Created in 2011 in San Francisco, Kraken was one of the most popular crypto platforms before being overtaken by other giants who have managed to make a place for themselves in this universe. But that does not mean that the platform has lost quality, quite the contrary.
Kraken has nothing to envy other platforms, because it is complete, intuitive, secure and offers great customization possibilities. It is an ideal platform for beginners and experts.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 0.16% | High security | Limited customer support | Discover |
Advantages
Kraken has excellent security, since the exchange allows, in addition to benefiting from multi-factor authentication, to consult active sessions as well as connected devices to detect fraudulent connections. To connect, any new device will have to go through user authorization. There is even access to a “master key” that prevents unauthorized changes to account settings.
Another advantage is the fees which are at least reasonable with a “maker-taker” fee system with volume incentives based on your activity in the last 30 days. The pricing structure is designed to encourage traders to get involved in the market and stimulate liquidity. Depending on the activity on the platform, you can be charged up to 0.16% of the transaction amount in maker and up to 0.26% in taker.
Disadvantages
Despite its high security, the platform unfortunately has limited customer support, which makes contacting the platform’s staff limited.
For the community, it will be difficult to chat between members, as there is no user forum. The interface is also not easy to use since it requires a certain level of experience.
Bybit: the easy-to-access platform
Bybit is a platform that is still young, but which does not hesitate on the means to make itself known and it works quite well, because the platform attracts many new registrants. An enthusiasm that can also have negative points such as the account validation time, but which is overall very encouraging for the platform.
Bybit was created in 2021 to offer robust trading tools with a fast execution engine. The site is also starting to offer services that will delight users looking to diversify their investments. Easy to use, it is ideal for those who only need to efficiently manipulate the most popular pairs with very attractive fees.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 0.10% | Solid matching engine | Lack of regulation | Discover |
Advantages
Bybit offers a user-friendly interface with simple navigation between portfolios, account management and the futures trading platform. The platform also provides a very solid and fluid order matching engine. The liquidity on the different contracts is correct.
The mobile application is very ergonomic and offers to subscribe to alerts on market events, which can be very interesting for some active traders.
Disadvantages
Unfortunately, Order execution is based on the platform’s last traded price (LTP). By using the reference price to trigger conditional orders, traders should be aware of the risk that the final executed price of the stop loss may experience price fluctuations due to price differences between the reference price and the LTP at the time of triggering.
There is also a lack of regulation and Not enough spot trading pairs.
OKX: Staking Specialist
OKX is a platform accessible to everyone, whether beginners or experienced, which provides more than 300 cryptocurrencies for trading.
The crypto exchange also offers a “demo account” that includes all the platform’s features, a feature (almost non-existent on other platforms) that allows beginners in particular to get their hands dirty without breaking the bank.
OKX offers savings solutions that allow you to invest crypto to generate passive income, and stands out for the range of cryptos that can be invested. All investments are flexible, the amounts invested can be withdrawn at any time. The strong point in terms of savings is the Loan program, which allows you to borrow USDT for 3 to 90 days (with, of course, guarantees to be provided in order to be able to borrow).
| Disadvantages | Advantages | Disadvantages | Learn more |
| 0.02% | hundreds of local payment methods available | Not available in the United States | Discover |
Advantages
OKX is based on a system of decreasing fees based on the holding of OKB (the platform’s usage token) and the monthly trading volume. The platform highlights decentralized finance (DeFi) via Jumpstart, a space allowing you to invest OKB and collect DEFI tokens according to the proposed project.
What is also advantageous about OKX is the fact of paying using hundreds of local payment methods and therefore adds a certain diversification.
Disadvantages
The big disadvantage for the platform is that it is unfortunately not available in the United States. Which is a handicap knowing that the United States is full of many investors.
Another case, the lack of fiat withdrawal options, which is also a very used feature and seeks users.
Kucoin: the diversified platform in trading pairs
Kucoin is an exchange with diversification in terms of service and crypto offerings and good liquidity, correct fees and a high-performance trading platform. The diversity of cryptocurrencies offered is the main advantage of KuCoin, whether for current cryptocurrencies or new projects.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 0.1% | Low fees | Unregulated platform | Discover |
Advantages
Indeed, the platform offers a fairly wide range of crypto projects and it is also practical for investors who wish to discover new projects. Kucoin has excellent technical support and competitive and transparent fees.
The fees are 0.1% for both the maker and taker positions, and a 20% discount is applied if the KCS (platform token) is used to pay the fees. On the futures side, transaction fees amount to 0.02% in maker and 0.06% in taker. These transaction fee levels are at the low end of what is observed elsewhere. Be careful, however: at certain times, exorbitant spreads can be seen applied to certain trading pairs.
Disadvantages
Unfortunately, the platform is not regulated as an actor in its country of origin, nor as a PSAN (digital asset service provider) with the AMF.
Security is also not fully confirmed despite the fact that it has very well-organized and comprehensive account security options.
Coinhouse: the French crypto platform
Coinhouse is a 100% French crypto platform known for its high-quality customer service and accessibility. The platform seems quite basic and is accessible to beginners.
Coinhouse is an exact copy of Coinbase. The basic tabs are available and you can follow the price of the main cryptocurrencies available on the site in real time. The charts are basic and simplistic, which allows beginners to have an alternative to other more complicated platforms.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 3.49% | Exchange registered with the AMF | High fees | Discover |
Advantages
For regulation, the exchange is registered with the AMF, a fairly important criterion that ensures the reliability of Coinhouse. The registration process is quick and the platform provides quality customer support.
Beginners can benefit from a personal advisor, investment strategies and reduced commissions. A kind of personalized learning. On condition of subscribing to a €39 subscription.
Disadvantages
The fees for Coinhouse are still high. Indeed, the purchase of cryptos is charged 3.49% by card or 2.99% by bank transfer: high fees compared to what is practiced elsewhere. The maintenance and support by a private advisor costs €100, while the intervention fees will be €30.
The exchange does not have a mobile application, which is a disadvantage compared to its competitors.
Kryptomat: The educational platform
Kryptomat is a platform with simple use, geared towards teaching for beginners and devoid of advanced trading tools.
The site offers many resources to help the novice user with video tutorials, but also via a blog and very comprehensive FAQs with an in-depth popularization of cryptos and blockchain. Kriptomat also offers, for those who feel lost in the face of the multitude of features, videos and tutorials in French focused on the use of the platform.
| Disadvantages | Advantages | Disadvantages | Learn more1.4 |
| 1.45% | Educational platform | High fees | Discover |
Advantages
Obviously, the strong point of the exchange is its educational side which seems ideal for new investors who wish to learn about cryptocurrencies. It is also one of the rare platforms to set up tutorials in French. The site is also very clear and accessible to everyone.
Disadvantages
The downside is the fees which are high. The fees are in the high range of what is practiced elsewhere: buying cryptos with euros (excluding credit card) and selling cryptos to euros are charged 1.45% of the transaction amount, with a minimum of €1.45.
There are also few trading tools, in fact Kryptomat is not a trading platform in the broad sense of the term. It is more of an exchange platform, with simple and clear tools to exchange euros for cryptos, or cryptos for euros or other cryptos.
Libertex: crypto CFD trading
Libertex is a kind of alternative to eToro based on crypto CFD trading regulated by CySEC in Europe. The platform is registered with the ACPR-Banque de France. Which seems reassuring about the security of investors’ funds.
| Disadvantages | Advantages | Disadvantages | Learn more |
| No fees | Easy to use | Not enough resources and tutorials. | Discover |
Advantages
The platform is very easy to use with a 100% mobile experience. Ideal, because it is increasingly common to invest from your mobile phone.
Libertex has established itself in the world of forex trading thanks to its competitive rates. First, the spreads are free and the fees charged on the assets are the lowest on the market. For example, the commission for the EUR-USD pair is less than 0.02%.
Finally, Libertex is under the control of Cysec, the Cypriot financial regulator. Therefore, depositors are covered by an ICF of up to 20,000 euros in the event of the platform going bankrupt.
Disadvantages
On the other hand, Libertex is limited by its educational content, there are not enough resources and tutorials. Like eToro, the trading platform does not allow you to buy a cryptocurrency directly, nor store it on an external wallet. It is only possible to bet on the evolution of its price up or down.
BitPanda: the multi-asset platform
BitPanda is a platform known for its “periodic purchases” which allows you to become less sensitive to price variations. Users will be concerned by both low, medium and high prices.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 1.49% | Smooth and intuitive mobile application | High commission | Discover |
Advantages
To allow users to have access to features adapted to their needs, BitPanda offers several account levels. The most dynamic traders will have access to “VIP” packages: reduced fees, cashback on the BitPanda Card debit card, etc.
The platform’s mobile application is smooth and intuitive, allowing you to trade at any time and from anywhere.
Disadvantages
Commissions within the platform are in the high average of the market (1.49%). Relatively high compared to other crypto platforms and brokers.
The platform is only available in Europe and stock values are not available on this platform.
Swissborg: the alternative to Coinbase
For people who want to get started, Swissborg is a crypto platform that is very easy to understand and use. All transactions are done on its mobile application. Since its launch in 2019, the platform has had 450,000 users and a daily trading volume of $1.45 billion.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 1% | Ergonomic platform | Few cryptocurrencies | Discover |
Advantages
The platform is intuitive and ergonomic, its simplistic use makes it accessible to everyone with a price list that seems transparent and competitive, a fairly important criterion for beginners who do not want to pay a high amount to start.
Optimal data and transaction protection gives an advantage in terms of security.
Disadvantages
On the other hand, the range of crypto is limited to the main values (BTC, ETH, BNB, XRP, MATIC, AAVE, COMP, etc.). This is not a bad thing for beginner traders.
The transaction fees are a little high, 1%, compared to 0.10% at Binance for example.
Paymium: trading for computers
Paymium is one of the oldest cryptocurrency exchange platforms. It is a complete, intuitive and serious crypto broker. If it has already won over 20 million users, it is also due to its competitive fees and commissions.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 0.10% | High security | Only BTC is supported | Discover |
Advantages
Paymium is a platform that specializes in cryptocurrencies, it is quite old and has high security. But its real strong point is its adoption of low commissions on transactions.
Disadvantages
The particularity of the platform is that only bitcoin is supported. It is therefore not recommended for investors who wish to diversify across several cryptocurrencies to use Paymium.
Young platform: the new Italian exchange
Young Platform is an intuitive, secure and fast exchange, where users can buy the main cryptocurrencies on the market in a few clicks. Thanks to the Stepdrop application, available in web and mobile versions, even inexperienced users can approach the world of cryptocurrencies and blockchains.
| Disadvantages | Advantages | Disadvantages | Learn more |
| 2.5% | Fun and professional platform | A very young platform | Discover |
Advantages
The platform is very fun to use, but with a professional approach. Indeed, the interface makes it possible for anyone to invest in cryptocurrencies without having any real technical skills.
It is also for experienced investors the possibility of accessing a more advanced interface, with many trading features, via Young Platform Pro.
Security is one of the application’s priorities. Indeed, Young Platform has established a separation between the company’s funds and those of users. Users even have decision-making power in the choice of digital assets listed on the platform.
Disadvantages
The disadvantage is that the platform is still very young and Internet users do not yet have real opinions on this exchange. It is therefore possible for people who venture onto this platform to discover surprises. The fees are also quite high.
How to choose the best crypto platform for you?
The process begins by determining what your specific crypto investment needs are. You will then need to compare the different platforms available to determine which one best fits your investor profile.
The criteria to take into account may include the list of digital assets available on each exchange, their respective pricing, as well as their fraud protection and security policies
You should also ensure that each platform offers intuitive navigation to facilitate your user experience. If possible, compare the mobile applications offered by each exchange as they will allow you to easily manage your portfolios from anywhere using your mobile device.
Finally, carefully examine the type of customer support offered by each crypto platform. As much as possible, choose a platform that offers impeccable and qualified service.
With this article, you now have a good knowledge of the best Crypto platforms available in 2023. Remember to weigh your options carefully and make an informed decision when choosing a platform that suits your needs. We hope that this guide has helped you find a reliable, secure and convenient exchange so that you can take full advantage of the opportunities offered by the cryptocurrency market.
With these promising platforms, investors can now buy and trade cryptocurrencies safely and easily. The criteria provided have been chosen to help compare multiple platforms, in order to find the best balance between rates, features, security, and ease of use. Each platform offers unique advantages and disadvantages that may vary depending on the needs of users. We hope this guide has helped you make an informed decision on the best crypto platform 2023 for your portfolio.
Criteria to consider
Here are the important criteria to consider when choosing a cryptocurrency platform:
– Security: Make sure the platform has strong security measures and that its users’ funds are protected by a reliable security system.
– Availability of the desired cryptocurrency: Check if the platform offers the cryptocurrency you want to buy or sell.
– Fees: Compare transaction fees and withdrawal fees with other platforms to ensure you are getting good value for your money.
– Ease of use: Make sure the platform is easy to use for your needs, with a user-friendly interface and clear instructions.
– Reputation: Read user reviews and ratings to get an idea of the platform’s reputation and customer satisfaction level.
– Customer support: Check if the platform offers quality customer support to answer your questions and resolve your issues quickly.
– Regulation: Make sure the platform is regulated in your country or region to ensure the safety of your funds.
Finally, it is always advisable to do your own research and never invest more than you can afford to lose in the volatile cryptocurrency market.
In conclusion, there is no single cryptocurrency platform that is considered the best for 2023, as each user’s needs and preferences can vary greatly. However, some well-known platforms such as Binance, Coinbase, and Kraken generally have a good reputation for security, ease of use, reasonable costs, and a wide selection of cryptocurrencies.
It is always important to do thorough research and compare different options before choosing a cryptocurrency platform to invest in 2023. It is also crucial to consider the criteria previously stated, such as security, regulation, reputation, and customer support, to ensure that you are making the right choice for your needs.
