Ranking of Top 10 Virtual Currency Trading Platforms in 2023

Virtual currency, also known as cryptocurrency, is a digital form of money that can be used to buy goods and services online or traded for other currencies. There are thousands of different virtual currencies in existence, each with its own features, advantages and disadvantages. Some of the most popular ones include Bitcoin, Ethereum, Litecoin, Ripple and Dogecoin.

But how do you buy and sell virtual currencies? You need a platform that allows you to exchange them for fiat money (such as pounds, dollars or euros) or other virtual currencies. These platforms are called virtual currency trading platforms or exchanges. They vary in terms of fees, security, user-friendliness and selection of coins.

To help you choose the best platform for your needs, we have ranked the top 10 virtual currency trading platforms in 2023 based on the following criteria:

• Fees: How much does the platform charge for deposits, withdrawals and trades?
• Security: How safe is the platform from hackers and fraudsters?
• User-friendliness: How easy is it to use the platform and access its features?
• Selection of coins: How many and which virtual currencies can you trade on the platform?

Here are our top picks:

1. eToro

eToro is a global social trading platform that allows you to trade over 20 different virtual currencies with low fees and high security. You can also copy the trades of other users or invest in portfolios of virtual currencies created by experts. eToro is regulated by several authorities, including the UK’s Financial Conduct Authority (FCA), and has over 20 million users worldwide.

• Fees: 1% for buying and selling virtual currencies; no deposit or withdrawal fees
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support 24/7
• Selection of coins: Over 20 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Cardano and Stellar¹

2. Uphold

Uphold is a multi-asset platform that allows you to trade over 200 different virtual currencies, as well as stocks, commodities and precious metals. You can also send and receive money to anyone in the world with an email address or a phone number. Uphold is fully regulated by the FCA and has over 7 million users worldwide.

• Fees: 0.95% for maker orders (when you create an offer) and 1.25% for taker orders (when you accept an offer); no deposit or withdrawal fees
• Security: Uses encryption, two-factor authentication and segregated accounts for funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or chat
• Selection of coins: Over 200 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin and Polkadot²

3. Coinbase

Coinbase is one of the most popular and trusted virtual currency platforms in the world, with over 68 million users in over 100 countries. It allows you to buy and sell over 200 different virtual currencies with low fees and high security. You can also store your coins in a secure wallet or earn rewards by staking some of them. Coinbase is regulated by the FCA and other authorities.

• Fees: 0.4% for maker orders and 0.6% for taker orders; variable deposit and withdrawal fees depending on the payment method
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or phone
• Selection of coins: Over 200 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Solana and Chainlink³

4. Kraken

Kraken is one of the oldest and most respected virtual currency platforms in the world, with over 8 million users in over 190 countries. It allows you to trade over 120 different virtual currencies with low fees and high security. You can also earn interest on some of your coins by lending them to other traders or staking them on the platform. Kraken is regulated by several authorities, including the FCA.

• Fees: Flat 0.9% fee for stablecoins and 1.5% for other virtual currencies when using Kraken Instant Buy; variable fees for maker and taker orders depending on the trading volume and the coin pair
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or chat
• Selection of coins: Over 120 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Monero and Tezos

5. Gemini

Gemini is a US-based virtual currency platform that allows you to buy and sell over 120 different virtual currencies with low fees and high security. You can also store your coins in a secure wallet or earn rewards by staking some of them. Gemini is regulated by the New York State Department of Financial Services (NYDFS) and has over 13 million users worldwide.

• Fees: 0.2% for maker orders and 0.4% for taker orders; no deposit or withdrawal fees
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or phone
• Selection of coins: Over 120 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Chainlink and Decentraland

6. Crypto.com

Crypto.com is a Hong Kong-based virtual currency platform that allows you to trade over 250 different virtual currencies with low fees and high security. You can also access a range of products and services, such as a crypto debit card, a crypto lending platform, a crypto savings account and a crypto payment gateway. Crypto.com is regulated by several authorities, including the FCA.

• Fees: 0.075% for maker orders and 0.075% for taker orders; no deposit fees; variable withdrawal fees depending on the coin
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or chat
• Selection of coins: Over 250 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin and Shiba Inu

7. KuCoin

KuCoin is a Singapore-based virtual currency platform that allows you to trade over 700 different virtual currencies with low fees and high security. You can also access a range of products and services, such as a crypto debit card, a crypto lending platform, a crypto futures and options platform and a crypto launchpad. KuCoin is not regulated by any authority, but claims to comply with relevant laws and regulations.

• Fees: 0.1% for maker orders and 0.1% for taker orders; no deposit fees; variable withdrawal fees depending on the coin
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or chat
• Selection of coins: Over 700 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Binance Coin and Shiba Inu

8. Binance

Binance is the world’s largest and most popular virtual currency platform, with over 100 million users in over 180 countries. It allows you to trade over 500 different virtual currencies with low fees and high security. You can also access a range of products and services, such as a crypto debit card, a crypto lending platform, a crypto futures and options platform and a crypto launchpad. Binance is not regulated by any authority, but claims to comply with relevant laws and regulations.

• Fees: 0.075% for maker orders and 0.075% for taker orders; no deposit fees; variable withdrawal fees depending on the coin
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or chat
• Selection of coins: Over 500 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Binance Coin and Dogecoin

9. BYDFi

BYDFi is a UK-based virtual currency platform that allows you to trade over 40 different virtual currencies with low fees and high security. You can also access a range of products and services, such as a crypto debit card, a crypto lending platform, a crypto savings account and a crypto payment gateway. BYDFi is regulated by the FCA and has over 1 million users worldwide.

• Fees: 0.1% to 0.3% for maker orders and taker orders; no deposit or withdrawal fees
• Security: Uses encryption, two-factor authentication and segregated accounts for funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or phone
• Selection of coins: Over 40 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Cardano and Polkadot

10. Bitstamp

Bitstamp is one of the oldest and most respected virtual currency platforms in the world, with over 4 million users in over 50 countries. It allows you to buy and sell over 20 different virtual currencies with low fees and high security. You can also store your coins in a secure wallet or earn interest on some of them by lending them to other traders. Bitstamp is regulated by several authorities, including the FCA.

• Fees: 0.5% for buying and selling virtual currencies; variable deposit and withdrawal fees depending on the payment method
• Security: Uses encryption, two-factor authentication and cold storage of funds
• User-friendliness: Has a user-friendly interface and a mobile app; offers customer support via email or phone
• Selection of coins: Over 20 virtual currencies, including Bitcoin, Ethereum, Litecoin, Ripple, Stellar and Chainlink