9 Best Crypto Exchanges and Platforms of November 2021 – NerdWallet

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Cryptocurrency trading has exploded in popularity, largely due to the rise (and twists and turns) in value of bitcoin, ether, dogecoin and more. And while it can be intimidating at first, and although scams have occurred and continue to happen, today's best crypto exchanges and platforms make buying and selling crypto simpler and clearer than it has been before.
There are several ways and places to invest in cryptocurrency. Our list considers crypto exchanges and online brokers that offer crypto, as well as cash and payment apps that let you buy and sell bitcoin. Even those familiar with more traditional investing platforms should be mindful that crypto often comes with different fee structures, narrower customer service options and an increased role for the investor in security.
Cryptocurrency trading has exploded in popularity, largely due to the rise (and twists and turns) in value of bitcoin, ether, dogecoin and more. And while it can be intimidating at first, and although scams have occurred and continue to happen, today's best crypto exchanges and platforms make buying and selling crypto simpler and clearer than it has been before.
There are several ways and places to invest in cryptocurrency. Our list considers crypto exchanges and online brokers that offer crypto, as well as cash and payment apps that let you buy and sell bitcoin. Even those familiar with more traditional investing platforms should be mindful that crypto often comes with different fee structures, narrower customer service options and an increased role for the investor in security.
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
Coinbase
on Coinbase's website
Best for Crypto exchanges
on Coinbase's website
Gemini
on Gemini's website
Best for Crypto exchanges
on Gemini's website
SoFi Active Investing Crypto
on SoFi Invest's website
Best for Online brokers
on SoFi Invest's website
Webull Crypto
on Webull's website
Best for Online brokers
on Webull's website
Robinhood Crypto
on Robinhood's website
Best for Online brokers
on Robinhood's website
Our picks for
Crypto exchanges
on Coinbase's website
5.0
Fees
varies by type of transaction; other fees may apply
Account Minimum
Promotion
in bitcoin for getting started on Coinbase
View details 
on Coinbase's website
View details 
Promotion
Earn $5
in bitcoin for getting started on Coinbase
Why we like it
Coinbase is the largest U.S.-based cryptocurrency exchange, trading more than 30 cryptocurrencies. Its fees, however, can be confusing and higher than some competitors. While Coinbase offers attractive security features, cryptocurrency trading is highly volatile: Always consider the risks.
Pros
Offers access to nearly 100 cryptocurrencies.
Low minimum to fund account.
Cryptocurrency is insured in event website is hacked.
Cons
Higher fees than other cryptocurrency exchanges.
on Gemini's website
5.0
Fees
depending on payment method and platform
Account Minimum
Promotion
for new users after trading $100 or more within 30 days
View details 
on Gemini's website
View details 
Promotion
$20 of BTC
for new users after trading $100 or more within 30 days
Why we like it
For casual investors, Gemini offers a trading platform that’s easy for beginners, but a confusing fee structure that’s higher than some cryptocurrency exchanges.
Pros
More than 50 cryptocurrencies.
Site insurance of digital assets against exchange hacks.
Available in all U.S. states.
Cons
Higher fees than some other crypto exchanges.
Our picks for
Online brokers
on SoFi Invest's website
3.0
Fees
per trade
Account Minimum
Promotion
when you make your first trade of $10 or more
View details 
on SoFi Invest's website
View details 
Promotion
Get $10 in bitcoin
when you make your first trade of $10 or more
Why we like it
SoFi offers low fees and some 20 cryptocurrencies, but no crypto-to-crypto trades nor the ability to transfer crypto assets off their platform.
Pros
Low fee structure.
Selection of 20 cryptocurrencies.
Convenient if you already have a SoFi brokerage account.
Cons
No crypto-to-crypto trading.
Can’t deposit or withdraw crypto to a personal crypto wallet.
on Webull's website
3.5
Fees
per trade
Account Minimum
Promotion
after opening a Webull account, activating crypto trading, and completing 1 crypto trade before 11/10/21.
View details 
on Webull's website
View details 
Promotion
$5 of SHIB
after opening a Webull account, activating crypto trading, and completing 1 crypto trade before 11/10/21.
Why we like it
Webull charges no fees for cryptocurrency trades beyond a 1% spread for each trade, but has relatively fewer cryptocurrencies on offer.
Pros
No fees for crypto trades.
Convenient if you already have a Webull brokerage account.
Cons
Comparatively fewer cryptocurrencies offered.
No crypto-to-crypto trading.
Can't deposit or withdraw crypto to a personal crypto wallet.
on Robinhood's website
3.5
Fees
per trade
Account Minimum
Promotion
no promotion available at this time
View details 
on Robinhood's website
View details 
Promotion
None
no promotion available at this time
Why we like it
Robinhood brings its no-fee ethos to cryptocurrency trading, but currently offers few cryptocurrencies and no way to transfer crypto assets off the platform.
Pros
No fees for crypto trades.
Convenient if you already have a Robinhood brokerage account.
Cons
Comparatively fewer cryptocurrencies offered.
No crypto-to-crypto trading.
Can’t deposit or withdraw crypto to a personal crypto wallet.
on TradeStation's website
4.5
Fees
or lower for larger balances
Account Minimum
Promotion
no promotion available at this time
View details 
on TradeStation's website
View details 
Promotion
None
no promotion available at this time
Why we like it
TradeStation Crypto charges 0.3% or lower on crypto trades, and unlike many other brokerages enables users to transfer crypto to a personal wallet.
Pros
Lower fees compared to most cryptocurrency exchanges.
Allows transfer of cryptocurrency assets to a personal crypto wallet.
Convenient if you already have a TradeStation brokerage account.
Cons
Comparatively fewer cryptocurrencies offered.
Want to compare more options? Here are our other top picks:
A number of cash and peer-to-peer payment apps now allow users to buy and sell bitcoin. On balance, these apps are more limited in what they offer than the exchanges and brokers above.
CashApp, a peer-to-peer money transfer system run by Square, allows users to purchase and sell bitcoin. Unlike other cash apps noted here, Cash App allows users to transfer their bitcoin to their own cryptocurrency wallet. Cash App charges a fee depending on price volatility and market trading volume, which it reveals at the time of purchase.
Cash App limits Bitcoin withdrawals up to $2,000 a day or $5,000 within any seven-day period.
PayPal allows users to purchase and sell bitcoin, but must be stored on PayPal’s site: Users can’t transfer crypto to their own digital wallet. Fees include an estimated 0.5% trading fee (this may vary depending on market conditions) and a tiered transaction fee depending on the amount of crypto purchased, ranging from 2.3% for amounts between $25 and $100, and 1.5% for purchasing or selling more than $1,000 of bitcoin. Purchases below $25 are charged 0.5%. Users can purchase up to $20,000 a week, but no more than $50,000 during any one-year period.
PayPal allows purchases to be made with bitcoin where available, but you will need to pay taxes on the sale of bitcoin on top of any taxes related to the purchase of the goods or service.
Venmo is the latest cash app to introduce cryptocurrency sales and purchase, but unlike other providers gives a choice of four coins: bitcoin, ether, bitcoin cash and litecoin. Venmo’s fee structure mirrors PayPal: estimated 0.5% trading cost, plus tiered transaction fees of 2.3% for crypto trades of $25 to $100, lowering to 1.5% for trades more than $1,000 (0.5% charged on crypto purchases below $25).
Limits are $20,000 a week, and no more than $50,000 in a 12-month period.

Trading cryptocurrencies is different from traditional investing in several ways:
Compared to traditional investing, which has seen fees steadily decline in recent years, trading in cryptocurrencies costs much more. For example, depending on the method of payment you could pay 5% or more in fees when trading bitcoin. Purchasing investments through a robo-advisor, however, can cost as little as 0.25%, keeping more of your cash invested.
Crypto is a new and burgeoning industry, and customer service has lagged behind what's available at traditional brokerages. Want to speak to a person concerning questions or account issues at crypto exchange? No pure crypto exchanges we review provide that service.
You have more responsibility for protecting your crypto from theft with cryptocurrency exchanges, especially if you use your own digital wallet. While exchanges protect you from losses due to sitewide hacks, you won’t be protected from individual attacks on your account — for example, a phishing email attack in which you unwittingly reveal your passwords to cybercriminals.
Disclosure: The author held no positions in the aforementioned securities at the time of publication.
Last updated on November 9, 2021
NerdWallet’s comprehensive review process evaluates and ranks the largest U.S. cryptocurrency exchanges, along with emerging industry players, using a multifaceted and iterative approach. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs.
DATA COLLECTION AND REVIEW PROCESS
We collect data directly from providers, and conduct first-hand testing and observation through provider demonstrations. The final output produces star ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.
RATING FACTORS
Evaluations vary by provider type, but in each case are based upon the weighted averages of factors that include but are not limited to: trading and transaction fees, crypto withdrawal fees, cryptocurrency selection, crypto-to-crypto trade offerings and whether consumers can use their own cryptocurrency wallets. We also score providers based on website transparency regarding fees and offerings, their mobile platforms and customer support.
FACTOR WEIGHTINGS
The weighting of each factor is based on our team’s assessment of which features are the most important to consumers and which ones impact the consumer experience in the most meaningful way. The factors considered, and how those factors are weighted, change depending upon the category of providers reviewed.
INFORMATION UPDATES
Writers and editors conduct our reviews on an annual basis but continually make updates throughout the year. We maintain frequent contact with providers and highlight any changes in offerings.
THE REVIEW TEAM
The review team comprises seasoned writers, researchers and editors who cover stocks, bonds, mutual funds, index funds, exchange-traded funds, alternative investments, socially responsible investing, financial advisors, retirement and investment strategy on a daily basis. In addition to NerdWallet, the work of our team members has been published in The New York Times, The Washington Post, Forbes, USA Today, Bloomberg News, Nasdaq, MSN, MarketWatch, Yahoo! Finance and other national and regional media outlets.
The combined expertise of our Investing team is infused into our review process to ensure thoughtful evaluations of provider products and services from the customer perspective. Our writers and editors combine to have more than 70 years of deep experience in finance, ranging from a former Wall Street Journal reporter to a former senior financial advisor at Merrill Lynch.
CONFLICTS OF INTEREST
While NerdWallet does have partnerships with many of the reviewed providers, we manage potential conflicts of interest by maintaining a wall between our content and business operations. This wall is designed to prevent our writers and the review process from being influenced or impacted by our business partnerships. This way, all reviews can provide an unbiased review that serves the interests of our users. For more information, see NerdWallet’s editorial guidelines.
To recap our selections…
Kevin is a personal finance writer at NerdWallet. He has covered financial issues for 20 years, including for The Wall Street Journal and CNN.com. Read more
Updated
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