Crypto Exchanges Comparison

With this comparison calculator, you can find the best crypto exchange for you. The best crypto exchange is the one that best suits your needs. The tool will only show you the exchanges that offer the selected trading pair. You can choose from over 100 cryptocurrencies and select a currency, stablecoin, or even a cryptocurrency like Bitcoin or Ethereum as the counter currency.

You'll get more information about the exchange, such as payment options, fees, and notable features.

I have tried and tested all the listed exchanges, some of them for several years. These experiences are included in the rating and are of course subjective.

The list can be sorted by price or fees.

Crypto Exchanges

Kraken

For me, Kraken is one of the best and safest crypto exchanges, which I have been using myself for many years. Kraken enjoys a very good reputation among crypto investors from Germany, Europe, and the USA.

Kraken is an American crypto exchange founded in 2011 by Jesse Powell and based in San Francisco. Kraken presents itself as one of the largest and oldest crypto exchanges in the world. Its special focus on strict security standards, reliable customer service, low fees, and many euro trading pairs make it very popular among German and European customers.

Kraken is one of the few exchanges that offer the possibility to make deposits and withdrawals using the Bitcoin Lightning Network.

Binance

Binance was founded in 2017 and is a relatively new crypto exchange. Nevertheless, it is one of the largest exchanges in the world with a variety of other services and its crypto ecosystem.

Binance stands for the merger of the words "binary" and "finance". The exchange stands out for its very low fees and user-friendliness. Binance specializes in trading cryptocurrencies and tokens and sees great growth potential here. However, there are also many direct euro trading pairs.

In addition, Binance offers numerous services on the platform such as staking, crypto credit cards, and its blockchain incl. NFT platform and wallet, and much more.

Bitvavo

Bitvavo is a crypto exchange based in the Netherlands. The website, customer service, and app are available in German. More than 175 cryptocurrencies can be bought or sold with euros on the trading platform. As a platform, Bitvavo specializes in the European market and is suitable for both beginners and advanced traders. Founded in 2018, the exchange has low trading fees like an exchange but is also very user-friendly like a broker.

I have to particularly highlight the Bitvavo account guarantee, which will be offered in addition to the custodian insurance from summer 2022. Users are insured up to 100 thousand euros on euro and crypto assets.

Bitstamp

Bitstamp is a cryptocurrency exchange that was founded in Slovenia in 2011 and has since become one of the largest and most well-known cryptocurrency exchanges in the world. The exchange allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin and offers real-time trading charts and data, as well as a secure wallet feature for cryptocurrency storage.

Bitstamp is a regulated exchange and is overseen by financial regulators such as Luxembourg's CSSF and the US Financial Crimes Enforcement Network (FinCEN). The exchange also has extensive security measures in place to protect its users' funds and personal information. These include the use of cold storage for cryptocurrency storage, monitoring of trading activities by a compliance team, and the implementation of know-your-customer and anti-money laundering procedures.

Bitstamp has become a leading exchange for cryptocurrencies since its inception and is appreciated by many users for its reliability and security. The exchange offers users the ability to buy and sell cryptocurrencies quickly and easily and is a popular choice for traders and investors looking to participate in the cryptocurrency market.

What is a crypto exchange?

Cryptocurrencies are traded on a crypto exchange. The exchange determines which cryptocurrencies are offered and traded. Trading Bitcoin or Ethereum against US dollars, euros, or other currencies is often common. You can also trade cryptocurrencies for cryptocurrencies.

Trading Bitcoin for Ethereum is relatively common. Most cryptocurrencies can also be purchased directly with US dollars or euros (Kraken is highly recommended here). Even if you cannot buy the desired cryptocurrencies or tokens directly with euros, you can often do so via the Bitcoin or Ethereum detour. These two cryptocurrencies act as a kind of "gateway" here. In principle, you can trade all other cryptocurrencies with BTC/ETH.

What crypto exchanges are there?

A distinction should be made between centralized exchanges, where cryptocurrencies are bought with euros or other currencies, and decentralized exchanges. Central crypto exchanges require registration or verification, while you do not have to register on decentralized exchanges.

Registration on crypto exchanges where trading is done with Euros or other currencies can be compared to registering with a bank. The exchanges must comply with international money laundering laws. The keywords are "Anti Money Laundering" (AML) and "Know Your Customer" (KYC) guidelines.

What are the fees on crypto exchanges?

Most crypto exchanges charge a fee for executing a trade or trades. It is quite common that this fee is a percentage of the trade value. Often this trading fee drops the more you trade on that exchange in a month. The fees are often between 0.10%-1% of the trade value when trading for the first time.

Difference Maker and Taker fees

Another difference is made by some exchanges between "Maker " and "Taker ". Makers actively offer to buy or sell and are rewarded by the trading platform (e.g. limit order). Takers accept existing offers and do not receive a discount as a result (e.g. Market Order).

Very often, maker fees are lower than taker fees on crypto exchanges.

Withdrawal fees crypto exchanges

From a certain investment amount, a comparison between the individual crypto exchanges is worthwhile. Transferring cryptocurrency to your wallet requires a fee. Often, the network fee is decisive here. For Bitcoin or Ethereum, this can sometimes be quite high if the network load is high.

Some crypto exchanges also set flat withdrawal fees, which are often higher than those of the network fee. This item is often not considered by users. The item is relevant and should be checked in advance. Simply google "Withdrawl Fee EXCHANGE XY" or click on the fees in the tool.

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