10 Crypto Investing websites
Here is our list of the 10 best cryptocurrency exchanges and investing or trading platforms.
1. Coinbase
Coinbase is by far the most popular and one of the best cryptocurrency exchanges because you can invest directly with USD. You can currently purchase Bitcoin, Ethereum, and Litecoin and 30+ other coins and tokens on the platform. Furthermore, you can earn interest on your USDT, and you can earn token rewards by completing various activities. Plus, when you open a Coinbase account, you get a $5 bonus!
Pros:
Easiest to use interface
Good selection of tokens and coins to invest in
High level of security and trustworthiness
Cons
High fees unless using Coinbase Pro
User does not control private keys in wallet
Slow to adopt popular new cryptocurrencies
2. Voyager
Voyager is a popular platform to invest in crypto as it was one of the first publicly traded exchanges. They are app-driven and offer a commission-free trading structure. Voyager supports most major cryptocurrencies, has solid support and engagement, and pays competitive interest rates on assets. Plus, when you open a Voyager account, you can earn $25 in BTC after trading $100 in crypto.
Pros
Very easy to use app-based interface
Commission-free trading structure
Voyager provides solid interest rates
Cons
Slow withdrawals (can take upwards of 1 day)
Not available in New York (yet)
3. BlockFi
BlockFi is a cryptocurrency investment platform that allows you to lend and earn interest on your holdings. Also, instead of selling your coins and tokens, you can also borrow against your holdings. If you're just looking to hold your tokens, you can also just let them earn interest for you.
Pros
No commissions and fees
US-Based and regulated
Earn high interest on deposits
Cons
Doesn't support many tokens and coins
Limited free withdrawals
4. Uphold
Uphold offers simple solution to trading multiple assets — open one account and trade multiple assets without making a trip back to cash. If you've every traded crypto, you'll know a lot of coins and tokens only trade in certain pairs, so you're always going back to BTC or ETH. But on Uphold, you can trade multiple assets directly. Plus, Uphold is one of the few exchanges that allows you to trade XRP, DOGE, and more.
Pros
Simple and transparent pricing structure
Lot's of crypto tokens and even some stocks, including popular ones like XRP
Both desktop and mobile apps
Cons
Not as easy to use as some on this list
Some reports of poor customer service
5. Kraken
Kraken is one of the original crypto trading platforms and they have a good selection of coins and tokens to trade and invest in. They also allow margin trading. However, it's a real exchange, and not as easy to use as some of the top platforms on this list. Kraken is one of the few platforms on this list that allow you to trade in DOGE and other, more risky, tokens.
Pros
One of the longest running crypto exchanges
High level of security and trust
Large variety of crypto and tokens to trade
Cons
One of the more difficult platforms to use
Difficulty with 2FA
Some reports of poor customer service
6. eToro
eToro has been around for a while in the UK and throughout Europe, but they are now allowing traders in the United States. They offer a huge variety of digital assets to buy and sell on their platform, and even better, they have a practice trading account so you can give it a try before you actually use real funds.
Pros
Worldwide options for trading crypto
Ability to copy other traders portfolios
Low minimums to start
Cons
Limited options in the United States
Only available in 41 states
Doesn't support as many tokens and coins as other platforms on this list
7. Bitcoin IRA
Bitcoin IRA is a little different than the other platforms here. Unlike most exchanges and wallets, you're basically just exchanging currency and are subject to paying taxes on your gains (learn how taxes on your cryptocurrencies work here). With that being said, Bitcoin IRA combines the best of being a crypto wallet and exchange, with also being an IRA. That means that your gains inside the account are tax free or tax deferred.
Pros
Invest in cryptocurrency inside your IRA
Ability to earn interest on your crypto inside your IRA
High security options
Cons
High fees
High minimums
Doesn't support as many tokens and coins as other platforms on this list
8. Crypto.com
Crypto.com is one of the largest and fastest growing crypto exchanges. It's based in Hong Kong, but offers a ton of support for US-based customers. Right now, you can have access to over 90 tokens and coins worldwide, and 50 tokens and coins if you're in the United States. Plus, the offer solid rates on their crypto savings accounts. The only major drawback is that it's only app-based at this time, there is no desktop platform.
Pros
Huge amount of supported coins and tokens
Pays weekly interest on crypto savings
You can get a debit card linked to your account
Cons
Complicated fee structure
No desktop support, only app-based
Limited customer support
9. Binance
A great platform for getting into some currencies like Cardano or Neo. Not as easy to use as some of the top platforms on this list, but they do have one of the most robust trading platforms out there. They do have a decent mobile app, but again, not as easy to use and we've been frustrated with it. Try Binance here.
Pros
Huge amount of supported coins and tokens
Fast transactions times
Low fees
Cons
U.S. has limited options compared to worldwide
Not available in all 50 states
Limited customer support
10. Hodlnaut
If you're looking for an alternative to trading cryptocurrencies, check out Hodlnaut. Hodlnaut is a savings and lending platform that focuses on Bitcoin and several stablecoins. Right now, you can earn up to 7.46% on your bitcoin and up to 12.73% on your USDC through saving and lending options on their platform.
Pros
Pays high interest on holdings
No minimum balance requirements
Get $20 free when you deposit $1,000
Cons
Only supports BTC, ETH, DAI, USDC, and USDT
Support is based in Singapore and may be slow to respond
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