If you have a diversified portfolio of traditional bonds and stocks, and you are okay with taking some additional risk, then you can add cryptocurrency to your portfolio.
Since its inception in 2009, the price of Bitcoin has gone up. It has reached an all-time high of more than $109,000 in January 2025. So, now is the perfect time to introduce yourself to the crypto universe.
If you plan to buy or sell digital cryptocurrencies like Ethereum, Bitcoin, or other popular coins, different crypto exchanges provide trading tools, a large selection of currencies, and basic-to-advanced order types as well.
However, you should be aware of the best platform to buy cryptocurrency if you are not a seasoned trader. Let’s check what those are.
Best Platform to Buy Cryptocurrency: Which Are The Top 5?
There are various platforms where you can buy cryptocurrency. Some cryptos are easy to obtain, and some are a bit difficult, like Ruby currency. However, there are a lot of factors that will affect the platform you choose.
If you are a seasoned platform and want a secure platform, you should consider Gemini. However, if you are a beginner, then you should choose Coinbase. Let’s take a look at the best platform to buy cryptocurrency.
Which is the best platform to buy cryptocurrency?
- Gemini: Best for security
- Kraken: Lowest fees
- Coinbase: Perfect for beginners
- Crypto.com: Best for trading Bitcoin & mobile apps
- Bitmart: Perfect for Altcoins
Gemini
Minimum Deposit: $0
Taker Fees: 0.03%-0.04%
Maker Fees: 0.00%-0.20%
Available Cryptocurrencies: 70
Back in 2014, Gemini was founded with its headquarters in New York City. It is the best platform to buy cryptocurrency if you are looking for a safe and secure platform. They provide their customers with a default two-factor authentication.
It is the top choice because of its security standards, compliance commitment, and third-party audits. They ensure a high-level security infrastructure. Moreover, it is one of those platforms that offer crypto insurance and FDIC to protect the trader accounts.
Moreover, it is the best option for seasoned traders because of its ActiveTrader software. Users can use advanced charting techniques, order types, and trade future contracts.
Pros
By now, you are aware that it has a lot of positives. Let’s get through those once again:
- They provide high security and compliance.
- It is available in all 50 U.S. states.
- Pass-through crypto insurance and FDIC insurance.
Cons
Some of the negatives of Gemini are mentioned below:
- You will not get a large number of cryptocurrencies.
- Their fee structure is a bit complex.
- They just have a request form for their customer support.
Kraken
Minimum Deposit: $10
Taker Fees: 0.10%-0.40%
Maker Fees: 0.00%-0.25%
Available Cryptocurrencies: 300
Founded back in 2011, this fully remote company has its head office in San Francisco, CA. Apart from their digital presence, they operate in more than 190 countries worldwide and have more than 10 million clients. However, they are popular for their low fees.
If you are someone looking for a platform with minimum fees, then this is the best platform for you.
Investors looking for high-quality resources and amenities at a low cost finds this platform useful. With just a minimum amount of $10, clients can set up an account and start trading.
Pros
Let’s take a look at the positives of the platform.
- No matter if you are a beginner or an experienced trader, you can start at a low price.
- They provide good research amenities and educational resources.
- You can access the platform from mobile, web and desktop. Also, you can access the Kraken Pro platform.
Cons
Some of the negatives of Kraken are mentioned below:
- The platform is not available in all 50 U.S. states.
- There are not many options available for trading cryptocurrency.
- There is no offer for SIPC or FDIC insurance ot any other kind of criminal insurance.
Coinbase
Minimum Deposit: $0
Taker Fees: 0.05%-0.60%
Maker Fees: 0.00%-0.40%
Available Cryptocurrencies: 240
Founded back in 2012, Coinbase has its headquarters in San Fransisco. Since the time it was founded, Coinbase has become one of the prime leaders in the crypto universe. However, the best thing it has done is make the platform beginner friendly.
It has a user-friendly interface with a strong security infrastructure. Moreover, their fee structure is also easy to understand.
Apart from providing an excellent service for new investors, they also provide advanced features that are important for traders no matter whether they are new or seasoned.
They also have an elaborate educational resource, helping beginners sharpen their skills and use the advanced trading tools when they are ready to dive into the deeper side of the crypto pool.
Pros
The positives of Coinbase are mentioned below:
- They provide a good range of research and educational resources.
- It is available in 172 countries and you can access it from the web, mobile, and desktop.
- They have a reasonable fee structure with a good range of cryptocurrencies to choose from.
Cons
The negatives of the platforms are also mentioned below:
- It is not a good fit for established and experienced traders.
- If you need customer service, you have to chat with them or request a call.
- They don’t offer option trading and just provide future trading on a few selected cryptocurrencies.
Crypto.com
Minimum Deposit: $20
Taker Fees: 0.05%-0.5%
Maker Fees: 0.00%-0.25%
Available Cryptocurrencies: 417
Being founded in 2016, and headquartered in the Central Region of Singapore, the platform has a customer base of more than 100 million and is available in more than 90 countries.
However, it is not just because of the marketing campaigns that the platform is famous, it is because of its mobile-first trading. Crypto.com has one of the best mobile apps. Crypto traders can buy, sell as well and use crypto from their mobile phones.
Moreover, if you are looking to invest in Bitcoin, this platform is the best choice. They have good security infrastructure and also have a reasonable fee structure.
Pros
The pros of Crypto.com are mentioned below:
- Allows Bitcoin options.
- They have an amazing mobile platform and debit card program.
- They have a good collection of cryptocurrency and have a reasonable fee structure.
Cons
The cons of the platform are also mentioned below:
- They only give access to a hot wallet.
- It is available in less than 100 countries.
- For customer service, they only have a chat process.
Bitmart
Minimum Deposit: NA
Taker Fees: 0.045%-0.6%
Maker Fees: 0.04%-0.6%
Available Cryptocurrencies: More than 1.700
Headquartered in New York and founded in 2017, BitMart is one of the best platforms to buy cryptocurrency if you want to trade altcoins. They also have access to more than 1,700 tradable cryptocurrencies.
Even though the platform lacks trading features, it is one of the best places to buy cryptocurrency.
Pros
The positives of the platforms are:
- It has access to more than 1,700 cryptocurrencies.
- They provide amazing educational resources.
- They allow social trading through the copy-trading feature.
Cons
The negatives of Bitmart are mentioned below:
- Their security infrastructure is not on display.
- They just support crypto deposits for funding accounts.
- Their fee structure is complex and on the high side.
Wrapping Up!
Now that you know the best platform to buy cryptocurrency, you should choose one depending on their interface, platform navigation and whether they have a mobile app or not.
Trustworthy cryptocurrency trading platforms are licensed and abide by the industry regulations. Moreover, check if the platform aligns with your investing preferences.
