Best crypto platform (2022): comparison of reliable exchanges

If you want to invest, buy and trade cryptocurrency, you are bound to need to use a specialized platform or what is called an exchange. This type of site works exactly like an online broker to buy shares on the stock market. It is thanks to them that you will be able to buy cryptocurrencies like Bitcoin, Ether, Cardano, BNB, Ripple and more.

To avoid pitfalls and possible disappointment, we are going to tell you what the best crypto platforms of 2022 are for us. To carry out such a comparison and ranking, we paid particular attention to aspects such as security , fees, features, cryptocurrencies offered for purchase, quality of interfaces and applications, but also ease of use.

Ranking of the best crypto platform in 2022:

  • eToro
  • ZenGo
  • Binance
  • Crypto.com
  • Kraken

Disclaimer: Cryptocurrencies are highly volatile assets. Buying, investing and trading crypto remains a risky practice. So stay alert and only invest money you are prepared to lose.

The best sites and exchanges to buy cryptocurrencies

It’s time to present our selection for the best crypto platform of 2022. To make the most accurate comparison possible, our teams have taken the time to test all the players on the market. Our goal with this ranking is to save you wasting time and above all to save you from going through a crypto-currency exchange site that is not up to par.

You will therefore find the crème de la crème. We invite you without further delay to discover which is the best platform in 2022 to invest in crypto.

1 – eToro, the best crypto trading platform

After extensive research, tests and comparisons, we are of the opinion that eToro is the best platform for investing in cryptocurrencies.

It excels in most aspects that are important to consider: security, regulation, choice of assets, but also simplicity.

We offer you a presentation of the main advantages of eToro. To find our complete analysis of the platform, consider taking a look at our eToro review and test.

Partners

1

An intuitive interface and application

eToro aims to be one of the easiest crypto trading platforms to use. After being able to test it for a long time, we confirm that this is really the case. To start but also to trade in a more “serious” way, eToro is truly the best site.

Everything is made for you to find your way around easily, from the registration process to the purchase of cryptocurrencies. You can also find an overview of the eToro web interface with the screenshot below.

Best crypto platform eToro
Interface of the eToro site which allows you to invest in crypto-currencies © eToro

eToro is not limited to a web interface. To climb to the top of this ranking of the best crypto platform, it had to offer an application. And it is indeed the case. The latter is in line with its website: simple to understand and pleasant to use.

You can buy, sell, trade, monitor prices, or view the status of your portfolio.

These are not the only features offered. eToro stands out from the competition with a copy trading function as well as social trading. It is these two features that have made its reputation and justify its worldwide success.

Discover eToro

At eToro, 68% of retail investor accounts lose money when trading CFDs. You need to know if you understand how CFDs work and if you can afford to lose your money. On eToro, cryptocurrency trading is done in CFDs.

Thanks to copy trading, it will be possible to take the same trades as the most successful investors on eToro. Whereas with the concept of social trading, you will have the possibility of exchanging and comparing your opinion with that of other investors.

A wide variety of cryptocurrencies (in addition to other products)

If eToro is for us the best platform to invest in crypto-currencies, it is because it offers a lot of assets. You will find a total of more than thirty different crypto-assets. This number is constantly changing as eToro regularly adds new cryptocurrencies.

At the moment you will find in any case the most sought-after crypto-assets: Bitcoin, Ethereum, Cardano, BNB, Uniswap, Ripple, Litecoin, Dogecoin…

Unlike ZenGo (which we will present to you in the rest of our 2022 comparison), eToro does not allow you to actually buy and own a crypto. Everything will be done through CFD (a contract for difference). The advantage is that from a security point of view, you do not risk having your investment stolen. But that’s not all. You will enjoy the same exposure as actually owning a crypto, plus the simplicity.

With CFDs, you will also be able to apply leverage to all of your trades. Although this method is to be handled carefully for beginners, it can quickly multiply your gains. Be careful, on the contrary, the losses will be multiplied tenfold. In any case, even applying leverage, you will never lose more than your original investment.

Although this is not the subject here, it is worth pointing out that the eToro platform does not only allow investing in cryptocurrencies. You can also trade shares of international companies, ETFs, FX (Forex), as well as commodities. In this way it will be easy to consolidate all of your investments. The advantage is that you won’t need to set up accounts with various brokers in order to diversify.

A regulated crypto platform in Europe

We also consider eToro as the best crypto platform of 2022 for the simple reason that it is regulated in Europe.

What does this mean for you as an investor or trader? Such a thing will bring you much more guarantees from a reliability, security, and protection point of view.

eToro is a company based in Cyprus. It is therefore regulated by the competent authority on site: the CySEC (Cyprus Securities and Exchange Commission). That’s not all since eToro is also declared to the ACPR (an entity of the Banque de France).

Open an eToro account

At eToro, 68% of retail investor accounts lose money when trading CFDs. You need to know if you understand how CFDs work and if you can afford to lose your money. On eToro, cryptocurrency trading is done in CFDs.

By opting for this cryptocurrency broker, you will be able to benefit from the Deposit Guarantee and Resolution Fund . The latter protects investors in the event of failure of the banking institution with which eToro works. Compensation in this context can go up to €100,000. This is something significant when you know that still far too many crypto platforms and exchanges are not regulated in Europe (Binance, Coinbase, or Kraken to name a few).

So yes you will probably never need this protection since eToro is perfectly reliable. Now it is better, in our opinion, not to deprive yourself of such protection, especially if you plan to invest large amounts.

2 – ZenGo, the best application to buy crypto-currencies

ZenGo is certainly one or even the best crypto application available in 2022. However, it is still struggling to make itself known, whether in France or around the world.

It must be said that ZenGo is still a young service compared to players like eToro or Binance. This in no way detracts from the work carried out by its teams.

Through the following presentation, we will tell you why we consider it one of the best platforms for buying, trading, but also storing crypto-currencies.

Partners

1

An easy-to-use app

As highlighted above, ZenGo stands out from other crypto buying platforms with its app. It is for us one of the best in 2022. Above all, it has the advantage of being simple to use, making investing in cryptocurrencies easy and accessible.

Even if you have no investment experience, it will be very easy to buy Bitcoin, Ether, and a lot of other assets.

Unlike eToro, ZenGo can only be used via its application. It’s kind of the hallmark of this service. All you have to do is download and install the app, then create an account. In total, this process will only take you a few seconds. A simple email address and the configuration of facial recognition will suffice. We will come back to this in the next section, but it is thanks to the latter that you will be able to access your investor portfolio.

Buying cryptocurrency on ZenGo is a piece of cake. You can do this directly with your credit card, by making a transfer, or by using Apple Pay. You should also know that it is possible to obtain $10 of Bitcoin on your first purchase from the ZenGo application.

What about fees? ZenGo isn’t the best at this level, but it’s still reasonable and it’s kind of the price to pay for an excellent user experience. You will be notified of the fees applied when you validate each purchase or sale.

ZenGo
© Journal du Geek

ZenGo’s application is not limited to the purchase and sale of digital assets, far from it. You will be able to actively trade if you wish or place your investments in a savings envelope. To do this, ZenGo works in partnership with a reference in the field – Nexo. Savings products will offer you non-negligible returns such as 4% on Bitcoin. We are far from the unattractive returns that a bank can offer you.

Investment monitoring is also greatly facilitated. In one click you will have access to a summary of the performance of your portfolio. You will no longer need a third-party app to manage tracking.

Download ZenGo

You can consult our test of the ZenGo application in order to have more details on its service, its functionalities, or the fees charged.

Rock-solid security

ZenGo’s app is not just a crypto-asset trading interface. It is also a secure wallet (called a wallet).

Unlike all the other members of this top 5 as the best crypto platform, you will own the private keys of your cryptocurrencies. Not even ZenGo will have access to it. As much to tell you that you will truly be the only master on board, which is a good thing from a safety point of view.

As mentioned above, the connection to your wallet will be done using facial recognition. This way, you’ll be the only one who can access it and won’t have to bother with a complex password. Here we are not talking about 2FA (double authentication) but about 3FA. The security model used by ZenGo is based on: email verification, backup (hosted on your personal cloud), and facial recognition.

ZenGo has thought of everything in case of loss, theft or change of smartphone/tablet. Even before buying cryptocurrency, you will have the possibility of configuring an online backup of your wallet. This way you can easily restore it to another device.

To prove that its application is flawless and perfectly secure, ZenGo has regular audits carried out. You can find the details on its official website.

Customer service among the best

If we consider ZenGo as an excellent crypto platform, it is also because its customer support is impeccable.

From the ZenGo application, you can contact an agent quickly and easily. Customer service is available 24 hours a day, 7 days a week without interruption.

Visit the ZenGo website

From our experiences with ZenGo, the wait time will not be more than a few minutes before getting a response. The answers will also be more direct and useful. You won’t need to rephrase your question four times to get a satisfactory answer.

The only small defect of this service is that it will be necessary to dialogue in English.

A help center is also available on the official ZenGo website. Here you will find answers to the most frequently asked questions. It also includes a number of tutorials to help you, for example, buy or sell cryptocurrency.

3 – Binance, the exchange with really low fees

Binance is without a doubt the best known and most widely used cryptocurrency exchange in the world. But is it the best in 2022? For us the answer is no, proof is with its place in our ranking.

We are going to present to you following its service, its advantages, but also its disadvantages. Our goal is indeed that you have the most objective overview possible concerning all the crypto-asset trading platforms.

Partners

1

Low fees on trades

As we were able to highlight in our Binance review, this crypto exchange is the one with the lowest transaction fees in 2022. However, this statement only applies to asset trading. Indeed, Binance takes, for example, 1.8% on each deposit you make with your bank card.

Going back to the transaction fees, they are 0.1% minimum. Depending on your level (VIP 0, 1, 2, 3, 4 etc), you will be able to benefit from an additional reduction on these already very low fees.

This is also the case if you own one or more tokens native to the platform: the BNB (Binance Coin). In the best case if you are an active trader, you can lower its fees to 0.0150%… in other words, nothing at all.

Speaking of trading, Binance does what it takes to give you everything you need. This is what makes the platform a bit complex for beginners, if you ask us. We quickly get lost in the middle of all the options for buying and trading cryptocurrency. The user experience could clearly be better.

That said, at the trading level you will be able to apply a leverage effect or to choose the type of buy order to place (at the market price, at the limit price, or at the limit price with stop- losses).

Best cryptocurrency exchange Binance
© Binance

A large number of features (Staking, Launchpad, NFT)

If Binance is one of the best platforms for buying and selling cryptocurrency, it is also because the features offered are numerous and innovative.

Discover Binance

The use cases for its BNB token are diverse and fit well with the feature set on offer. In addition to the fact that you will be able to obtain a discount on the fees, the fact of owning BNB tokens will allow you to participate in what Binance calls a Launchpad. Through it, you will be able to participate in the launch of new crypto-currencies in preview.

This is an interesting opportunity that will allow you to realize great capital gains. Thanks to your BNB, and if you decide to order the Binance Visa card, you will be able to benefit from a more or less substantial cashback. Thus it will be possible to pay for your purchases with your crypto-currencies and to have a part reimbursed.

We also consider Binance to be one of the best crypto exchanges of 2022 because it offers quite a few savings products. Several types of savings exist (flexible or blocked). Depending on your choice, the yield will be more or less important. Binance, for example, allows you to save BTC, ETH and a lot of other assets.

Recently Binance even opened a marketplace for buying and selling NFTs (Non Fungible Token). We told you, this exchange is a precursor in the field.

In addition to the features, it is worth highlighting the fact that Binance is the platform that allows you to buy the largest number of cryptocurrencies. You will find several hundred assets. If you are a big fan of altcoins, you can enjoy it.

Customer support not always available and responsive

Binance may be the most widely used cryptocurrency exchange in the world, but it still has its flaws.

It is also its rapid success that causes one of the main flaws that we have been able to identify: the responsiveness of its customer support.

Contrary to what eToro or ZenGo offer, Binance’s customer service is relatively difficult to reach. We very often had to wait several days before obtaining a satisfactory answer. You will therefore need to be patient.

Open an account on Binance

To wait, you can always take a look at the knowledge base made available. It turns out to be complete and available in French. You will find a lot of solutions for any problem related to your account but also step-by-step tutorials.

4 – Crypto.com, the rising crypto platform in 2022

It’s time for us to tell you about the Crypto.com site. The company became known thanks to a service centered on a mobile application (in the same way as ZenGo). Crypto.com is also known for its Visa card which allows you to make purchases with digital assets, while enjoying a non-negligible cashback.

If you are looking to invest with ease, this is an interesting choice. It is anything but a coincidence that Crypto.com has been able to attract more than 10 million users around the world.

Now all is not rosy. If Crypto.com is not better placed in our comparison of the best crypto exchanges, it is because it also has a number of disadvantages. For example, it is not recommended if you want to trade actively while taking advantage of advanced features.

We offer you a complete overview below. To find even more details about it, you can read our review on Crypto.com.

A large selection of cryptocurrencies

Crypto.com has the advantage of offering a lot of different crypto-currencies. In total, you are going to have the possibility to buy more than 150 assets. This includes the essentials (Bitcoin, Ether…) but also a good number of altcoins (AVAX, AAVE, DOGE, EOS, ETC…) more or less popular.

This number is also constantly changing as Crypto.com regularly adds new assets.

You can either invest passively (i.e. simply buy then store crypto) or trade actively. Crypto.com offers derivative products that will give you the opportunity to apply leverage of up to x100. Although this may seem interesting, we still want to remind you of the risks associated with the use of leverage. Gains can be quick…as well as losses. So stay vigilant and place stop-losses.

In addition to the fact that it is possible to buy a lot of different crypto-currencies, Crypto.com allows you to save them. A savings product exists and allows you to generate up to 14% return on certain assets. In total, more than 40 crypto-currencies are affected by the savings plan.

The return will be determined based on: the crypto-currency you are going to save, the total value of your investment, the deposit time, as well as the number of CRO tokens (Crypto.com’s own token) that you stake. A calculator is available on its official website:

A Visa card with cashback to pay in crypto

The other big advantage of the Crypto.com platform is that it will allow you to order a Visa credit card. This leads us to tell you a little more about the token that is specific to the platform: the CRO.

Just like savings products, it will determine which Crypto.com Visa card you can get. The higher the value of CRO you stake, the greater the benefits.

This crypto platform and application offers five different cards offering between 1% and 8% cashback. The cashback you will receive following your purchases will be credited in CRO. It will also be possible to take advantage of discounts on your Spotify, Netflix, Amazon Prime subscription, or on purchases made via Expedia or Airbnb.

Overall, Crypto.com is simple to use. You will find your way around relatively easily even if you are a beginner. In addition, its application is translated into French. That being said, there are still some parts of the site and the application that are in English, which is a bit of a shame.

If you wish, know that you can be satisfied with the use of its application. Crypto.com is effectively an application-focused broker, although it is also possible to trade directly from its site.

Crypto.com cryptocurrency platform
Overview of Crypto.com and its application © Journal du Geek

Relatively slow support and the requirement to hold CRO

If Crypto.com is not higher in our comparison of the best cryptocurrency platforms, it is because the service still needs to be improved.

Although its customer service can be reached in French, we found during our tests that it was very often necessary to wait a long time before obtaining an answer. When you’re used to the speed of support from the ZenGo application, this brings disappointment.

This remark is particularly valid on weekends, a time of the week when you will have to be more than patient.

The other disadvantage of choosing Crypto.com is that you will be somewhat forced to invest in the house crypto, CRO. Indeed, many things are achievable and interesting… only if you have them. This is valid for savings as well as for the payment card. Now if you’re of the opinion that Crypto.com is, or will become, the best cryptocurrency exchange, then that’s not really a problem.

To conclude this presentation, we still want to warn you that the fees taken on the purchase of crypto by credit card are high. Instead, prefer to deposit by bank transfer.

5 – Kraken, to access crypto before anyone else

Kraken is one of the “ exchanges ” with the most seniority and experience among all the crypto platforms cited in our 2022 ranking.

It must be said that this online broker was born in 2011 in San Francisco and has continued to attract new investors over the years. However, it was not until 2013 that Kraken allowed the purchase of cryptocurrencies like Bitcoin or Litecoin. Before that the platform was still under development.

What is our opinion about Kraken? We will present its solution, the advantages offered, as well as what could be improved.

A complete cryptocurrency trading platform

Kraken is one of the best platforms for buying and trading cryptocurrencies.

Absolutely all trading options are available on its site but also its mobile application (iOS and Android). It will be very easy to place buy orders at market price or at limit price.

Like what ZenGo or Binance offers, it is important that you know that Kraken allows you to buy and store crypto-currencies. You can therefore very well remove the set in order to put it safely on a wallet that belongs to you or in order to interact with the different ecosystems of the moment (Ethereum, Solana, Polkadot, etc.).

Kraken will obviously allow you to apply leverage on each trade you take. This is rendered by the “Futures” section of the platform. Although this is a nice and attractive feature, we want to remind you that leverage is a double-edged sword. Your gains will be multiplied tenfold… as well as your losses if your trade ever goes wrong.

Interface-exchange-crypto-Kraken
© Journal du Geek

A secure exchange

As we pointed out in the introduction, Kraken is a strong crypto platform with considerable experience in the industry. In addition to the diversified trading tools, it is worth noting the reinforced security put in place.

The first thing to emphasize at this level is that you will be able to configure two-factor authentication (2FA) to protect your account. This can be done via Google Authenticator as well as a Yubikey. Each withdrawal of money from your Kraken account will also require confirmation by email.

Kraken does not stop there, however. Cryptocurrency deposits made on Kraken are kept in offline vaults, isolated and distributed across multiple locations. All transactions made and information shared are encrypted using SSL encryption.

On top of all that, Kraken has penetration tests performed on a regular basis. The exchange has a dedicated team that is constantly looking for possible flaws in the platform or its application. The aim is to guarantee the protection of investors.

A site and an application to improve

Although Kraken is cited in our comparator as the best platform to buy crypto, not everything is perfect about it.

As we were able to point out in our complete file on Kraken, the site sometimes tends not to respond correctly when prices get carried away. It’s a bit of a shame but fortunately it only happens very rarely.

The Kraken application also deserves to be improved. This remark is valid for its iOS version as well as Android. We regret that it is not fully translated into French.

All this being said, we must admit that the simplicity of use is for us at the rendezvous. The interfaces are pleasant to use and it is easy to navigate, even if you are new to investing in crypto-assets.

Part of the reason Kraken makes this list as the best cryptocurrency trading platform is because of its support. He is reachable 24 hours a day, 7 days a week, and will give you the possibility of obtaining answers relatively quickly. You can contact a Kraken customer service agent both by live chat (it is also possible to dialogue in French thanks to an automatic translation) and by email.

Many resources are available on the Kraken site, in the “Support” section. You will find a lot of questions / answers as well as tutorials. The set also has the advantage of being translated into French.

Choosing a crypto platform: aspects to consider

Although we have presented you with the best platforms to buy and trade cryptocurrencies, we thought it was good to give you more details in order to make the right choice. Indeed, everyone has different expectations and needs. Therefore, the platform that we judge to be the best may not be the most suitable for you.

Before choosing a crypto exchange site, attention must be paid to aspects such as security, regulation, the variety of crypto-currencies available, the quality of the application, the site and its interfaces, but also the transaction fees. Figure out what your expectations are on all of these points, then make the choice that makes the most sense.

🔐 Security, regulation and storage

In our opinion, the most important things to consider when choosing the best crypto platform are security and reliability. Who wants to invest on a site that does not inspire trust and does not do what is necessary to secure your crypto-currencies? Probably nobody. Now all this is not necessarily easy to discern when you do not know the platforms. Especially since they all claim to be secure and perfectly reliable.

The first advice we can give you is to see if the crypto platform is regulated in Europe. This is a real advantage for the simple and good reason that you will have access to better legal protection. For example, because eToro is regulated in Europe (and registered with the ACPR Banque de France), you will be able to benefit from the Deposit Guarantee and Resolution Fund (FGDR) . The latter protects investors up to 100,000 euros in the event of default by the banking establishment.

You most certainly won’t need it but it’s always good to have such a safety net. Something you won’t have with an unregulated crypto exchange (Coinbase or Binance to name a few).

If you choose a platform that allows you to store crypto-currencies, you also have to see how the whole thing is set up. Who owns the private keys of cryptocurrencies? You or the platform? Unsurprisingly, you better own them. You will thus have the guarantee that the platform will not be able to leave with your investment. As such, ZenGo is an excellent choice since it offers a secure crypto wallet, while leaving you the management of private keys.

One last thing regarding security: you can look at the promises made by the platform. Very often a dedicated section exists on their official website. You will find the details of past audits but also the various measures taken to secure investments and interactions. Being able to protect your account with double authentication is a real plus. This will generally be done with Google Authenticator, by SMS, or even with a Yubikey.

🪙 Variety of cryptocurrencies offered

Having access to the best platform for buying and trading cryptocurrencies from a security point of view is good. Now if you only have the possibility to invest in a few different digital assets, you may quickly become disillusioned.

There are several thousand cryptocurrencies today. To realize rapid capital gains, buying Bitcoin is no longer enough for some. If you don’t want to miss out on the good moves, it is therefore wise to opt for a site that offers a wide range of digital assets.

You can thus buy altcoins in a simple and fast way, without having to carry out complex manipulations on decentralized exchanges (such as Uniswap).

eToro and ZenGo offer a great diversity with several dozen different assets. You can invest in Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Luna (LUNA), Binance Coin (BNB), Polygon (MATIC), Uniswap (UNI), etc. That said, the reference at this level remains Binance. In addition to being the most used crypto exchange around the world, it has the advantage of offering several hundred digital assets.

💻 App, website, and features

The quality of the website and the application made available by a platform plays a huge role in the final choice. In any case, that is our opinion. If the whole thing is complicated to understand and use, you won’t want to get involved and set up rigorous monitoring. This is even more the case if you are just starting out and looking to buy crypto for the first time.

As you can see by reading our comparison, we took all this into account in order to rank the best platforms of 2022.

It is clear that there is a balance between ease of use and features offered. Indeed, there is no point in opting for a very simple service but devoid of features.

Speaking of features, what should you pay attention to? Again, it all depends on your expectations. Here is a list of the features to which it may be wise to pay attention: provision of a wallet to store your crypto-currencies, staking (crypto savings), access to an NFT store, copy-trading and social trading, possibility of get a card to pay with your digital assets, or even advanced trading functions.

💸 Trading fees

The last point that should not be overlooked when choosing a cryptocurrency exchange platform is the fees.

When purchasing a digital asset, fees may apply throughout the process. This is true from depositing funds to placing a buy order. It is therefore necessary to take care to analyze the whole in order to avoid unpleasant surprises. Especially since some platforms do not clearly state what fees are applied.

It’s hard to give you “right value” when it comes to fees. Indeed, some will prefer to pay 1 or 2% fees on their transactions to have access to a simple service accessible to beginners. While others will want to actively trade assets and have access to close to 0% fees (without the need for ergonomic interfaces).

That being said, the best crypto trading platform from a cost perspective remains Binance. Be warned, however, that its interfaces are not the easiest to master, as we noted earlier in our comparator.

Conclusion: which best crypto platform to choose in 2022?

As you may have understood by reading our comparison of crypto platforms, there is no one and only “best site to buy crypto-currencies” in 2022. Each responds to different expectations and needs.

It is therefore up to you to determine what your requirements are. That being said, it is clear that some platforms and exchanges stand out. We particularly think of eToro, followed by ZenGo. These will suit all investor profiles, whether you are a beginner or more experienced.

You will have access to simple to use, complete interfaces, a large choice of crypto-currencies, as well as increased security.

To find out more about the service offered by eToro, it’s here:

Visit the eToro website

At eToro, 68% of retail investor accounts lose money when trading CFDs. You need to know if you understand how CFDs work and if you can afford to lose your money. On eToro, cryptocurrency trading is done in CFDs.

Note that we regularly update our comparison of the best platforms to buy crypto. Nevertheless, take the time to consult the site of each broker to verify the information that we have been able to provide you.

And in your opinion, what is the best cryptocurrency platform / exchange in 2022? Feel free to share your experiences.

FAQ : plateform and crypto exchanges

To conclude this comparison of crypto platforms in 2022, we will take the time to answer the most frequently asked questions.

How to buy a cryptocurrency?

To buy cryptocurrency (Bitcoin, Ether, BNB, Cardano, Ripple, Dogecoin etc), you will first have to create an account on one of the best crypto trading sites presented in our top 5. doing such a thing, you will avoid a lot of pitfalls and will be able to take advantage of reliable, secure, or even regulated platforms for some.

Once you have been able to open an account on the crypto exchange of your choice, you will need to deposit funds into your investor account. It will of course be possible to deposit the monetary currency of your choice (Euro, American Dollar, etc.). Depending on your choice of crypto platform, it will be possible to deposit funds by credit card, wire transfer, PayPal, Apple Pay, and more. You can also very well use virtual currencies to buy or trade other crypto-currencies.

As soon as your funds are accessible, all you have to do is choose the desired trading pair (For example: BTC/EUR to convert your euros into Bitcoin) then buy the crypto of your choice. Note that regardless of the trading platform you choose, fees will be charged by it.

How to open an account on a crypto platform?

Creating an account on a crypto platform or exchange is relatively simple. Regardless of the site you choose to invest, you will have to provide practically the same information. You will usually need to provide an email address and set a password.

After that will come the step of verifying your identity and your account (also called KYC or Know Your Customer in English). The reason for this is that the cryptocurrency exchange platforms presented in our ranking must meet the requirements of regulators (the governments of different countries – including France). This is something quite common since you will also have to do it to open a bank account or when creating an account to invest in the stock market.

During this verification process, the crypto platform will ask you for your name, first name, address, etc. You will also need to provide a copy of an identity document and proof of address. If we can afford a piece of advice: do not neglect the verification. Without it, you will not be able to take full advantage of the best cryptocurrency exchange sites (from a trading, deposit, withdrawal, etc. point of view).

What is a crypto platform / exchange?

A crypto platform (we can also call it “exchange”) refers to an online broker that allows you to buy, trade, and of course sell cryptocurrency. It is exactly the same as a stock broker, with the only difference that it will allow you to invest in crypto-assets. You will simply have to deposit funds in the currency of your choice (euros, dollars, Swiss francs, etc.) and use them to buy crypto. Through these sites, it will often be possible to save your assets with the aim of generating interest.

How much money does it take to invest in cryptocurrencies?

Cryptocurrency platforms and exchanges all have different requirements. To give you an idea, the two best services that we present in our comparator require a first deposit of around €43 for eToro (the equivalent of $50 – this may vary slightly depending on the conversion rate) and 80€ for ZenGo. The advantage with these is that you will be able to buy shares of a crypto-currency. For example, the price of Bitcoin being very high, you will have no trouble buying a portion of a Bitcoin. Nothing forces you to buy a full bitcoin. If you have constraints at this level, be sure to choose the crypto platform that you consider to be the best from a minimum deposit point of view.

What is crypto trading?

Crypto trading simply means trading cryptocurrency. The term “trader” means that you actively buy and sell digital assets. The objective is to generate a capital gain on a relatively short-term position (a few minutes, a few hours, or even a few days). By trading a cryptocurrency, platforms like eToro will give you the opportunity to take advantage of advanced features. For example, you will be able to place a limit order, apply leverage (to boost the performance of your investment), and a lot of other things.

How did we choose the best crypto exchange platform?

In order to carry out this comparison, we took into account a lot of different aspects. First of all, we would like to mention again that we have taken the time to open an account and test more than a dozen sites specializing in the purchase of cryptocurrencies. Following this, we evaluated and rated each of them on aspects such as: security and reliability, ease of use and quality of interfaces, tools/functionalities made available, fees charged, but also the number of crypto-currencies that are offered for purchase. Our ranking therefore highlights the crypto platforms that offer the most guarantees and satisfaction regarding all these points.

Contents