Best Crypto Exchanges of July 2023: Bitcoin, Ethereum, and Altcoin Trading

A deep dive into the best crypto exchanges for all your Bitcoin, Ethereum, and altcoin trading needs.

Interactive Brokers. Other crypto-focused options include Kraken, eToro and Binance.US.

The Securities and Exchange Commission (SEC) sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities. The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors. Coinbase said it would continue to operate its business as usual, and later in June 2024 countersued the SEC to gain access to internal records on how the regulator treats cryptocurrency firms.

Interactive Brokers could be a good alternative, however.

EToro, where the spread markup fee starts at 1 percent, though it’s more than Interactive Brokers, which charges 0.12 – 0.18 percent, depending on your monthly volume (with a $1.75 per trade minimum). It’s worth noting that the fees at Binance.US start at 0.57 percent and then move down from there, though some of the most popular cryptocurrencies can be traded without a commission.

the most popular cryptocurrencies, including Bitcoin, Ethereum, Cardano, Solana, XRP and dozens more that are up and coming. So you’re probably going to find what you’re looking for here.

Robinhood offers trading in just 21 cryptocurrencies – which is still better than many brokers – while Interactive Brokers just launched trading in four cryptos.

Webull or Interactive Brokers could be good alternatives, however.

crypto wallet, or you can bring your own wallet. Either way, you can pick the solution that best fits your needs. And that’s unusual in the trading world, with most traditional brokers not allowing you to hold your own assets.

staking rewards. Staking is like earning interest in a bank account but with a much different set of risks. Staking generates income from your holdings as they’re used to validate transactions in a given cryptocurrency, and Coinbase shares that reward with you. Coinbase does take a 26.3 percent commission on any income you receive from a handful of coins including Cardano and Solana, while other coins come with a 35 percent commission.