Note: Do not take this as a recommendation or financial advice. Do your due diligence and decide which exchange or wallet you will use!
Cryptocurrency Exchanges
| Broker | Regulation | Users | Traded | Country | Rating | Register |
|---|---|---|---|---|---|---|
PrimeXBT  |
Financial Crime Investigation Service (FCIS) | 1M+ | $600M+ | Republic of Seychelles | 10/10 Review coming soon |
Open Account |
Binance  |
United States Financial Crimes Enforcement Network | 100M+ | $500B+ | Malta | 10/10 Read review |
Pay 10% fewer commissions |
Crypto.com  |
Class 3 VFA License | 10M+ | $30B+ | China | 9/10 Read review |
Get $25 with staking |
Coinbase  |
NY BitLicense | 30M+ | $150B+ | USA | 9/10 Read review |
Get $10 of BTC |
Hardware & Software Wallets
| Wallet | Why we use it | Review | Purchase link |
|---|---|---|---|
Ledger  |
The safest wallet to store cryptocurrencies | Read review | Buy from the official website |
Regulations
It is essential to use a regulated cryptocurrency exchange. Regulators ensure compliance with anti-money laundering (AML) laws, consumer protection measures, and market integrity standards.
Low Costs
To maximize your gains, it’s essential to choose an exchange with low transaction fees, spreads, and other charges. Keeping these costs low is crucial for maintaining profitability in crypto investing.
Reviews
Honest and informed reviews are critical when selecting your cryptocurrency exchange. Reviews reflect how exchanges treat their clients and provide insight into user experiences, security measures, fee structures, and customer support.
Why did we select these exchanges and wallets?
At EA Trading Academy, we always select trusted cryptocurrency exchanges to make things easier for our students and investors. Many users in our forum requested a list of reliable exchanges, and here it is. This page provides a curated list of exchanges that have been thoroughly vetted for their security, fee structure, user experience, and customer support, ensuring a safe and efficient trading environment for our community.
By doing this, beginner investors can more confidently select a regulated and trusted cryptocurrency exchange and avoid scam exchanges. Please share your reviews for the listed trusted crypto exchanges so everyone can benefit from your experiences. This will help our community make informed decisions and ensure a safer investment environment.
The trusted cryptocurrency exchanges listed have been thoroughly tested by EA Trading Academy and many of our students and investors. Please share your good or bad experiences with the community, and we’ll do the same. Your feedback will help others make informed decisions and choose the best exchanges for their needs.
More tips when choosing a crypto exchange
When choosing a cryptocurrency exchange, consider the following tips to ensure you select a reliable and suitable platform for your investment needs:
- Regulation and Security: Ensure the exchange is regulated by reputable authorities such as FinCEN in the USA, FCA in the UK, or MAS in Singapore. Regulatory oversight provides an added layer of protection for your funds and ensures compliance with legal standards.
- Reputation and Reviews: Research the exchange’s reputation in the industry. Read reviews from other users and look for feedback on security, reliability, and customer service. Honest and informed reviews can provide insights into user experiences and potential issues.
- Security Features: Check the exchange’s security measures, such as two-factor authentication (2FA), cold storage for funds, and encryption protocols. A secure exchange will prioritize the safety of user funds and personal information.
- Fee Structure: Compare the fee structures of different exchanges, including trading fees, withdrawal fees, deposit fees, and spreads. Lower fees can significantly impact your investment returns over time.
- Trading Volume and Liquidity: Choose an exchange with high trading volume and liquidity. Higher liquidity ensures you can buy and sell assets quickly without significant price fluctuations.
- Supported Cryptocurrencies: Ensure the exchange supports the cryptocurrencies you want to invest in. Some exchanges offer a wide variety of digital assets, while others focus on a select few.
- User Experience and Interface: Evaluate the exchange’s user interface and overall user experience. A user-friendly platform with intuitive navigation and useful tools can make trading more efficient and enjoyable.
- Customer Support: Test the exchange’s customer support by reaching out with questions or issues. Reliable and responsive customer service is crucial for resolving problems quickly and effectively.
- Deposit and Withdrawal Options: Ensure the exchange offers convenient and secure methods for depositing and withdrawing funds. Be aware of any associated fees and processing times.
- Educational Resources: Some exchanges provide educational resources such as guides, tutorials, and market analysis to help users improve their understanding of cryptocurrency trading.
- Mobile Accessibility: Check if the exchange offers a mobile app for trading on the go. A good mobile app can enhance flexibility and allow you to manage your investments from anywhere.
- Regulatory Compliance: Ensure the exchange complies with local laws and regulations. This includes Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, which help prevent fraud and enhance security.
- Transparency: Look for exchanges that are transparent about their fees, terms, and conditions. Avoid platforms with hidden fees or complex terms that could negatively impact your trading experience.
By carefully considering these factors, you can choose a cryptocurrency exchange that aligns with your investment goals and provides a secure and efficient trading environment.
EA Trading Academy may receive a small referral fee if you use any of the companies listed above. The generated funds will be invested back into the Academy to purchase better equipment so we can provide you, our students, with an even better education experience.