When you’re a new investor, finding crypto exchanges for beginners can feel like a daunting first step. The sheer number of platforms might seem overwhelming, leaving you unsure where to start. To help you out, we thoroughly reviewed and picked the best options for different needs.
Whether you want mobile-based options, rewards for learning, vast copy trading pools, or a wide selection of crypto options, there’s something here for everyone.
We’ve looked for platforms that are easy to use for basic trading, but without compromising on security, crypto coverage, and additional useful features to dig into later, once you’re comfortable.
At a Glance – 10 Best Crypto Exchanges for Beginners
Here’s a quick look at our top 10 best crypto exchanges for beginners in 2025:
Why Your First Exchange Choice Matters
Engaging with crypto can be exciting, but your choice of exchange can significantly shape your experience as a newcomer (for better or for worse). That’s why it’s worth first identifying which crypto exchanges are the best for beginners.
It’s tempting to pick the first one you hear about, but not all exchanges are created equal, especially when you need a crypto exchange when you’re just starting. Choosing an exchange that isn’t beginner-friendly can make for a frustrating and potentially costly journey.
The hidden costs of picking the wrong platform can be numerous. Imagine trying to pick apart a complex fee structure, only to realize you’ve been paying more than you expected for each transaction.
Or worse, picture struggling with a badly designed user interface on what you hoped would be a good crypto app for quick, beginner-friendly trading. Even simple transactions could feel like you’re climbing Mount Everest.
Beyond immediate usability, some exchanges may also have inadequate security, putting your investments at risk. And some platforms offer limited customer support, which isn’t great if you ever need help fixing an issue with your account.
A steep learning curve can be incredibly discouraging, so finding a user-friendly, transparent, and secure exchange is a crucial first step.
Expert Analysis – Best Crypto Exchanges for Beginners in 2025
So, what are the top crypto exchanges for beginners, and why do they qualify for the title? The in-depth reviews below explain everything you need to know.
We’ve covered all the must-know details for crypto beginners, so you can pick the best option based on your needs.
1. Best Wallet – Non-Custodial Wallet With Dex Integration and Direct Presale Access
Number of cryptocurrencies supported: Thousands of assets, 60+ blockchains in the pipeline
KYC: No
Demo trading: No
Copy trading: No
Educational resources: Yes
Best Wallet has simplicity and ease of use at its core – perfect for beginners.
Best Wallet isn’t an exchange itself, but it has integrated exchanges. This makes it by far the best mobile app for beginners who are unfamiliar with market orders or complex trading jargon.
You won’t be bogged down by advanced trading dashboards. Instead, the app focuses on basic buying, selling, and swapping, which is perfect if you just want to get some crypto without a steep learning curve.
If you’re interested in the diverse world of DeFi or new meme coins, Best Wallet offers a quick and hassle-free route. Through its PancakeSwap integration, you can swap, send, or receive crypto without KYC.
Security is crucial. Best Wallet is a non-custodial wallet, meaning you, not a centralized exchange, hold the private keys to your crypto.
Additionally, Fireblocks’ MPC (multi-party computation) eliminates the risk of stolen/lost seed phrases by dividing the private key into multiple parts. This means there’s no single seed phrase to lose or steal that would compromise your wallet.
While it keeps trading features simple, Best Wallet doesn’t skimp on helping you learn. The website has plenty of educational resources, and the app includes a handy news hub.
Currently supporting major networks like Bitcoin, Ethereum, Binance Smart Chain, and Polygon, Best Wallet is also on track to cover over 60 blockchains. This means you can access a wide array of crypto that will continue to expand.
In essence, Best Wallet offers a secure, user-friendly environment for you to start your crypto journey, buy your first coins (including the best crypto presales), and learn at your own pace without the pressure of complex financial tools.
Pros
– Effortless swaps via integrated DEXs
– No-nonsense interface for basic needs
– Direct in-app access to presale coins
– Rapidly expanding network support
– No risk of losing your seed phrase thanks to MPC security
Cons
– KYC may be required for direct fiat purchases
– Currently, no NFT support (upcoming feature)
– Currently, no market insights (upcoming feature)
2. MEXC – Access the Widest Range of Altcoins With Consistently Low Trading Fees
Number of cryptocurrencies supported: 3K+
KYC: Optional
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
If you’re new to the world of cryptocurrency and looking for a platform that won’t overwhelm you but will still give you a massive playground, MEXC is one of the top choices.
It gives you access to a seemingly endless list of coins while keeping your trading costs impressively low. This combination is particularly appealing when you’re just starting out and want to explore trading without breaking the bank on fees.
One of MEXC’s biggest draws for beginners is zero maker fees and 0.05% taker fees, meaning your learning experiences cost you less.
MEXC also provides a demo account for futures, which is a great way to understand the mechanics and practice without risking real money.
With thousands of trading pairs available, MEXC is one of the best crypto launchpads, providing an opportunity to explore beyond big names like Bitcoin and Ethereum and find promising altcoins early on.
Getting started on MEXC is straightforward for newcomers. While full KYC unlocks all features and higher withdrawal limits, you can make smaller trades with basic registration.
The trading interface is user-friendly, and essential first steps like spot trading are easy to navigate. While MEXC also offers advanced features like futures trading, beginners can comfortably stick to the basics.
Security is important. MEXC uses standard measures like 2FA and regularly publishes proof of reserves to show its assets are equal to or exceed the total assets of its users.
MEXC has a mobile app, which is great for trading on the go. Beginners will also benefit from the learning materials on MEXC’s blog. You can even earn rewards for completing beginner tasks, like making your first deposit, for cumulative copy trading, or becoming a trader for the first time!
Pros
– Supports 3K+ coins
– Zero maker fees on futures trading
– High withdrawal limits without mandatory KYC
Cons
– Lower liquidity on major pairs than on bigger exchanges
– Basic trading bots compared to other exchanges
3. Margex – Simplified High-Leverage Trading, Securely and Without Complex KYC
Number of cryptocurrencies supported: 55+
KYC: Optional
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
If you’re just starting with crypto, Margex positions itself as an accessible gateway. All you’ll need to sign up with Margex is an email. You don’t have to pass KYC verification, so you can get in quickly and look around.
Margex’s trading interface is clean and simple, so you don’t end up overwhelmed, which is a massive plus when you’re just starting out.
Another tick in the beginner-friendly box is that Margex gives you a demo account loaded with pretend money (AirUSD). This means you can play around, try placing trades, and get used to how things work, testing your ideas without risking your cash.
Sometimes it’s hard to know what to do, even with practice. Copy trading solves that problem for you – you can replicate the strategies of more experienced traders with a few clicks.
Another thing to consider as a beginner is trading and account funding fees. You won’t pay to deposit crypto, but you will pay Margex trading fees (maker and taker), gas charges, and any fiat on-ramps (dictated by third-party providers). Also, be mindful of withdrawal fees, as they can vary.
You can load your account with crypto from another exchange or, if you’re at the very start of your crypto journey, buy some using your bank card.
While Margex focuses on crypto derivatives (betting on future prices rather than owning the coins directly), it’s a good place to learn the mechanics of different trading types.
You need to be aware that Margex is unregulated, meaning there is no government agency overseeing it. However, it implements security measures like cold storage, 2FA, and MP Shield, which spots dodgy price movements to prevent market manipulation.
Margex has apps for both iPhone and Android, so you can trade when you’re out and about.
Pros
– No mandatory KYC
– 24/7 live chat support
– Excellent copy-trading tools
Cons
– Smaller crypto selection compared to larger exchanges
– Focuses on derivatives, which may be complex for beginners
4. Binance – The Global Crypto Standard Offering Unmatched Liquidity and a Full Ecosystem
Number of cryptocurrencies supported: 350+
KYC: Yes
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
Binance is a leading name in crypto trading. Launched in 2017, it has become the world’s largest cryptocurrency exchange, handling $76B+ worth of trading volume daily. For beginners, this vast ecosystem is exciting but can feel a little daunting.
One appealing aspect for beginners is Binance’s curated selection of 350+ tokens. It filters out riskier cryptocurrencies, which can feel reassuring when you’re just starting and learning to identify good projects.
If you’re interested in features beyond active trading, Binance’s ‘Simple Earn’ platform lets you stake over 300 different coins. You simply deposit your crypto for flexible or fixed terms and earn passive rewards, similar to bank interest.
Additionally, Binance’s ‘Spot Grid’ bot can automatically buy low and sell high for you 24/7, which is helpful in a fast-paced market. Spot trading fees are 0.1% for both makers and takers, which is competitive. You can also get discounts on fees if you pay them in $BNB.
Adding funds to your account is intuitive. Binance allows you to purchase crypto with fiat currencies via bank card or wire transfer through third-party processors.
While Binance offers futures, options, and even leverage up to 125x, these features are very risky for newcomers, and we advise you to approach them with caution.
Security is a top priority for Binance. Measures include multi-factor authentication, device history tracking, and crucially, a ‘Secure Asset Fund for Users’ (SAFU). This is a $1B fund created to cover user losses in the unlikely event of a hack.
Because Binance is so rich in features, there might be quite a learning curve for absolute beginners, particularly if you explore the more complex trading tools. However, its high liquidity means your trades are usually executed instantly at your desired price point.
Pros
– Unmatched liquidity and asset diversity
– Comprehensive all-in-one ecosystem
– $1B SAFU
Cons
– US users must use Binance.US, a separate platform tailored to US regulations
– Wide range of tools can be overwhelming for beginners
5. CoinEx – Effortless Global Crypto Trading Across 1.4K+ Coins With a User-First Focus
Number of cryptocurrencies supported: 1.3K+
KYC: Optional
Demo trading: No
Copy trading: Yes
Educational resources: Yes
CoinEx is welcoming for beginners looking to make their first crypto trades or swaps. Key features have clear labels, making navigation intuitive even if you’re not yet familiar with trading platforms.
While it also offers advanced options like futures trading, beginners can comfortably stick to the simpler spot trading and swaps. With access to over 700 coins, there’s plenty to explore.
CoinEx understands the importance of education and support. You’ll find tutorials and guides on how to use the platform within the ‘Newcomer Zone.’ If you’ve got any questions, customer support is available 24/7 via live chat.
Pros
– Exceptional altcoin selection
– Newcomer zone
– No mandatory KYC
Cons
– Customer support is primarily bot-driven
– Lower liquidity on major pairs than on larger exchanges
6. Bybit – A Powerful Yet Intuitive Platform for Next-Level Spot and Derivatives Trading
Number of cryptocurrencies supported: 650+
KYC: Optional
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
If you’re looking to enter the crypto market and earn appealing rewards, Bybit may be the right fit for you. Its particular strengths are its mobile app and a focus on educating users.
Bybit actively encourages learning through initiatives like ‘Read-to-Earn,’ where you can earn $USDT bonuses for taking free courses. This is a fantastic way for beginners to get to grips with crypto concepts without losing motivation.
Furthermore, Bybit often runs campaigns like ‘Fearless Futures,’ offering first-trade loss coverage (up to a certain amount, depending on the specific promotion, timing, and region) for new users trying out futures trading. This significantly lowers the stakes for your learning experience.
Bybit also has a demo trading account, allowing you to practice with virtual funds in real market conditions before committing your own capital.
If you’re curious about more advanced strategies but aren’t ready to execute them independently, Bybit’s copy trading feature allows you to follow and replicate the trades of experienced investors.
Bybit is a centralized exchange, meaning it holds and manages your crypto assets on your behalf, which can simplify the experience, but it does require you to place complete trust in its security.
Another useful note, for when you’re more adept with the crypto scene, is that Bybit is a unified trading account, which is like having a universal wallet for the entire exchange. This means you can use a single balance of your funds across all types of trading without needing to move money between separate accounts.
Ultimately, Bybit is an excellent choice for beginners who want to be rewarded for their learning efforts and practice trading risk-free.
Pros
– Bybit Read-to-Earn
– Insurance fund to protect traders during extreme volatility
– First-trade loss coverage for futures trading
Cons
– KYC is required for many actions
– Significant regulatory restrictions (unavailable in the US, the UK, Canada, and Singapore)
7. OKX – Your Unified Smart Trading Hub With Advanced Tools, Bots, and Web3 Wallet.
Number of cryptocurrencies supported: 350+
KYC: Yes
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
Like Bybit, OKX aims to help you learn about crypto and rewards you for making the first steps.
OKX Academy offers a range of materials, from beginner guides explaining the blockchain basics to more detailed tutorials on how to use trading tools, making it one of the best crypto brokers for beginners.
To really let you learn without fear, OKX offers a demo trading account. It’s an excellent way to build confidence and test strategies before you decide to trade for real.
Copy trading is another feature OKX offers. Who doesn’t want to learn from and copy those in the know? OKX lets you see who is successful and mimic their trades to capture the gains; however, remember that past success doesn’t guarantee it in the future.
OKX also lets new users earn rewards from promotions and tasks. By completing simple actions like signing up, verifying your identity, making your first deposit, or completing your first trade, you can unlock bonuses or mystery boxes containing crypto rewards.
The ‘Jumpstart’ crypto launchpad is another handy feature for beginners. It gives you the opportunity to access new crypto projects by staking the native $OKB token, meaning you have the chance for high returns before public listing.
When it comes to fees, OKX is competitive. On the spot market, which is where most beginners start, OKX charges 0.08% from makers and 0.1% from takers, with discounts if you hold its native token, $OKB.
Pros
– Rewards for new users for completing tasks
– 24/7 threat detection with OKX Protect
– Jumpstart launchpad
Cons
– Phone support temporarily unavailable
– Mandatory KYC
8. BloFin – Maximize Derivative Gains With up to 150X Leverage and Industry-Low Fees
Number of cryptocurrencies supported: 400+
KYC: Optional
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
Launched in 2024, BloFin makes a bold entrance with its tagline ‘Where whales are made,’ yet it offers a surprisingly welcoming environment for beginners.
You can get started quickly on BloFin, as it’s one of the best no-KYC exchanges, letting you trade anonymously.
A standout feature, especially for beginners, is BloFin’s ‘Rewards Hub.’ It makes trading fun and rewarding, offering mystery boxes, VIP giveaways, and chances to earn through daily tasks and trading challenges. Rewards include futures vouchers and $USDT bonuses, helping you boost your portfolio.
The affiliate program also offers a way to earn by inviting others, with lifetime commissions.
There’s a decent range of crypto to explore, with over 250 options for spot trading and over 300 futures contracts.
Spot trading fees are fair, set at 0.1% for both parties. Futures trading fees are among the best on the market – 0.02% maker and 0.06% taker.
If you’re looking for ways to learn from others, BloFin’s copy trading feature is worth exploring. It boasts a significant number of traders you can follow, making it easier to find a style that suits you.
BloFin holds a 1:1 reserve of all user assets, partners with Fireblocks for custody solutions, and has third-party insurance to cover potential losses from security issues. Its recent integration with Chainalysis offers better compliance with regulations.
While BloFin offers high leverage up to 150X on major coins, beginners should approach this cautiously as it increases both profits and losses.
For those looking to learn about crypto concepts and market events, the BloFin Academy provides valuable resources like courses and how-to guides.
Pros
– Rewards hub
– Risk-free demo trading
– Robust security infrastructure
Cons
– Lower liquidity score
– Lacks advanced features offered by competitors
9. KCEX – Fast, Secure Futures Trading Complemented by Attractive Fee Advantages and Bonuses
Number of cryptocurrencies supported: 200+
KYC: Optional
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
One of KCEX’s main appeals is optional KYC. While verification unlocks all features and higher limits, KCEX allows you to begin trading and make smaller withdrawals without submitting ID. This lowers the barrier to entry, letting you get a feel for the platform quicker.
For a more engaging start, KCEX frequently rolls out welcome bonuses and promotional tasks. You can earn crypto rewards by signing up, using an invite code, and completing initial activities like your first deposit or trade.
Its mobile app and desktop platform provide an intuitive experience through straightforward navigation, even if you’re not yet a seasoned trader.
Trading fees are competitive with a 0% maker fee and 0.02% taker fee for futures trading. KCEX often offers promotions that can further reduce costs, sometimes to 0%.
KCEX doesn’t have as comprehensive educational resources as some larger exchanges. However, it does provide 24/7 customer support and a seamless trading experience through its high-performance matching engine, which efficiently pairs buy and sell orders.
Pros
– Zero spot trading fees and low futures trading fees
– AI-driven transaction monitoring
– Promotional tasks and welcome bonuses
Cons
– Relatively small selection of assets
– No debit card withdrawals or deposits
10. BingX – Copy Expert Traders and Access Diverse Global Assets Through Innovative Social Trading
Number of cryptocurrencies supported: 850+
KYC: Optional
Demo trading: Yes
Copy trading: Yes
Educational resources: Yes
BingX’s strength is that it allows you to access different asset classes from a single platform. This caters to traders looking for diversified investment opportunities beyond crypto.
If you want to try before you buy, BingX has you covered with a demo trading system, meaning you have no financial risk while learning the ropes.
BingX isn’t just about crypto; you can also access forex, indices, and commodities.
To help you get started, BingX has detailed tutorials to guide you from account setup right up to your first trade. With support for over 750 cryptocurrencies, including popular meme coins, there are plenty of opportunities to grow your portfolio.
For that extra bit of support, you can turn to the BingX AI-powered trading assistant. It acts as a real-time guide by analyzing market data, news, and trends to give you strategic recommendations. This helps you make more informed decisions with your investments.
Pros
– Strong social trading and community features
– AI-powered trading assistant
– BingX academy
Cons
– Lower liquidity compared to larger exchanges
– No spot margin trading
How to Pick a Crypto Exchange for Beginners
What should you look for when choosing an exchange to start your trading journey? We recommend these core factors that make for a beginner-friendly, safe, and useful platform.
Regulation & Security
Look for transparent exchanges that comply with local and anti-money-laundering laws. Ensure the platform also details its security methods, like cold storage for funds, 2FA for accounts, and additional safety measures like address whitelisting.
Trading Fees
These impact your profits, so you want an exchange with competitive fees to make the best of your trades. Exchanges typically have a ‘Fees’ page detailing maker and taker fees, with the best rate typically around 0.2% or lower.
Additional Potential Costs
Crypto deposits are usually free, but check for fees on fiat deposits via card/bank. Withdrawal fees vary per crypto and network.
Available Cryptocurrencies
You naturally want support for the top cryptocurrencies like Bitcoin, Ethereum, and BNB. Beyond this, if you’re interested in other smaller altcoins, you might want to choose an exchange with broader crypto support.
Ease of Use
The platform should have a clean, intuitive interface that doesn’t overwhelm you. A good mobile app is also key for managing trades on the go.
Account Funding Options
Ensure the exchange supports convenient ways to deposit your local currency, like bank transfers or debit/credit cards.
Beginner-Friendly Features
Demo trading is great for risk-free practice, while copy trading can offer insights from experienced traders. Once you get the hang of the platform, such tools can help you learn and grow as a trader.
Educational Resources
Speaking of learning, many good exchanges offer an ‘Academy’ or learning section with tutorials and articles to help you understand crypto basics and trading. Platforms with a free and comprehensive knowledge base are great for getting up to speed.
We also use this checklist when determining our top recommendations, so the exchanges covered in this review are all a good starting point for your crypto journey.
The Best Crypto Exchanges for Beginners Compared
We’ve covered several exchanges and a lot of information, so let’s put it all side by side to make things easier. Here’s how these top beginner-friendly exchanges compare.
Best Wallet takes our top spot for beginners as it offers straightforward buying, selling, and DeFi swaps without the clutter of traditional exchange interfaces.
Getting Started With Crypto Trading
We suggest using Best Wallet for simple crypto buying, selling, and swaps, so you get a taste of how it all works without the need for complex price charts or trade orders just yet.
You can also use Best Wallet as a safe decentralized storage to withdraw your funds from centralized exchanges if you choose to upgrade to CEX trading later on.
Step 1: Download Best Wallet
Visit the official Best Wallet site and scan the QR code to download the app on your mobile device.
Step 2: Register an Account
Open the app and input your email address. You’ll be sent a verification code to enter.
Step 3: Set Up Security Features
You’ll be asked to set up a four-digit code for security purposes. Don’t use combinations like birthdays, which can easily be guessed.
You can then set up 2FA and biometrics, meaning all you’ll need is your fingerprint to access the app.
Step 4: Select Your Crypto and Purchase
Search for the crypto you want, then click on the ‘Buy’ button. You’ll be taken to a screen to choose whether you pay with crypto or a debit/credit card. Follow the onscreen prompts and voila, you’re done!
