3 Best Crypto Exchanges & Apps of September 2024

Kraken 

• Rating: 4.6 

• Trading Fees: 0%-0.25% Maker and 0.1% – 0.40% Taker 

• Tradable Coins: 200+ 

Kraken is one of the oldest crypto exchanges in the U.S., launched in 2011. It offers a wide range of coins and competitive fees. Kraken is also among the few U.S. exchanges providing margin trading and other advanced tools like futures trading and various order types. 

Kraken has two platforms: Kraken and Kraken Pro. The basic Kraken platform has an “Instant Buy” feature, but it charges higher fees. Advanced users can save on costs by trading on Kraken Pro, which offers volume discounts. 

Pros: 

• Advanced features like margin trading on Kraken Pro. 

• Good customer support, including a chatbot and phone support. 

• Low Bitcoin (BTC) withdrawal fees. 

• Educational materials on cryptocurrency. 

Cons: 

• Not available in all U.S. states. 

• Staking is no longer available for U.S. customers. 

• Limited acceptance of fiat currencies. 

Gemini 

• Rating: 4.5 

• Trading Fees: 0.2% Maker Fee, 0.4% Taker Fee 

• Tradable Coins: 70+ 

Gemini is suitable for traders of any experience level. It’s packed with features like the Gemini Earn program, which allows users to earn interest on their crypto holdings, and the Gemini Credit Card. It’s available in all 50 states and complies with U.S. regulatory requirements. 

Pros: 

• User-friendly interface. 

• Available in all states, including New York. 

• Use the Gemini Credit Card to get cryptocurrency rewards. 

Cons: 

• Complex fee structure outside of spot trading. 

• Limited customer service options. 

• Some popular coins, like Cardano (ADA), aren’t available. 

Crypto.com 

• Rating: 4.5 

• Trading Fees: 0.075% Maker / 0.075% Taker 

• Tradable Coins: 250+ 

Crypto.com offers a vast selection of over 250 cryptocurrencies. It also provides unique perks for users, such as rewards for using the Crypto.com Visa Card. Users can use the platform’s utility token, Cronos (CRO), to pay fees and earn additional benefits. 

Pros: 

• Fee discounts for holding high balances in CRO. 

• Up to 8% cashback on spending with the Crypto.com Visa Card for high CRO holders. 

• Limited margin trading. 

• High cybersecurity ratings. 

Cons: 

• Higher trading fees for lower-volume trades. 

Comparison Table 

Each platform offers unique benefits. Kraken is best for advanced traders, Gemini for ease of use, and Crypto.com for its variety and rewards. Select the option that best fits your needs and trading style.