Crypto Basics

10 Best Crypto Exchanges for Investing and Trading

Discover the best crypto exchanges for both investing and trading in 2023. Explore top platforms with a range of features and benefits for crypto enthusiasts.
Marcus K
9 Minutes
MIN

In the bustling world of cryptocurrencies, knowing where to trade or invest can be a daunting task. With the number of available exchanges growing rapidly, finding the right fit tailored to your needs is essential. Whether you're a newbie or a seasoned trader, there's an exchange out there for you. 

In this comprehensive post, we simplify the choices by breaking down the 10 best crypto exchanges, their advantages, disadvantages, and whom they're most suited for.

What are Crypto Exchanges?

Crypto exchanges are digital platforms where users can buy, sell, or trade cryptocurrencies for other digital or fiat currencies. Think of them as the stock markets of the crypto world. 

They play a pivotal role in the crypto ecosystem by providing liquidity, price determination, and a gateway for new entrants to join the digital currency revolution.

List of Best Cryptocurrency Exchanges in 2023

Dive into our curated list of top cryptocurrency exchanges tailored for both seasoned traders and newcomers alike. As you journey ahead, you'll discover the ideal platform that aligns with your crypto trading and investment needs.

Note - While exchanges are generally considered safe platforms for crypto trading, it's crucial to stay updated on crypto market news and developments. 

This is because even highly reputed platforms are not entirely immune to the risks of hacks, scandals and regulatory actions.

1. Binance

Binance, founded in 2017 by Changpeng Zhao, skyrocketed to global fame within a year. Originating from China and later relocating due to regulations, this exchange is known for its vast array of cryptocurrencies and impressive trading volume. 

Binance's commitment to innovation, seen in features like their Binance Smart Chain, makes it a force to reckon with in the crypto world.

Best For: Intermediate to advanced traders.

Pros:

  • Massive Trading Volume: Offers liquidity for a vast array of tokens.
  • Variety of Cryptos: Lists numerous cryptocurrencies and pairs.
  • Advanced Tools: Advanced charting tools and features for pro traders.

Cons:

  • Complex UI can be overwhelming for beginners.
  • Past minor security breaches, though funds were safe.
  • Regulatory concerns in some countries.

2. Coinbase

Established in San Francisco in 2012, Coinbase stands as one of the most beginner-friendly exchanges. Brian Armstrong and Fred Ehrsam aimed to create a platform where anyone could safely buy and sell Bitcoin.

With its easy-to-use interface and robust security measures, Coinbase remains a top choice for newcomers to the crypto space.

Best For: Beginners to intermediate users.

Pros:

  • Intuitive Interface: Ideal for new crypto enthusiasts.
  • High Security: Features like 2FA and insurance for funds.
  • Regulated: Complies with U.S. financial regulations.

Cons:

  • Limited number of cryptocurrencies.
  • Higher fees compared to other exchanges.
  • May monitor and limit certain transactions.

3. Kraken

Jesse Powell founded Kraken in 2011, following the infamous Mt. Gox hack. With an emphasis on security and regulatory compliance, Kraken has built a reputation for being a safe haven for crypto assets. Its ability to handle fiat currencies adds versatility for traders and investors alike.

Best For: Intermediate to experienced traders.

Pros:

  • Security Measures: Robust security with cold storage and encrypted wallets.
  • Fiat Options: Multiple fiat currencies supported.
  • Low Fees: Competitive fee structure.

Cons:

  • User interface can be complex for beginners.
  • Limited payment methods.
  • Customer service can be slow.

Also Check - Kraken Latest Offerings

4. Gemini

Gemini, birthed in 2014 by the famous Winklevoss twins, places a strong emphasis on regulatory compliance and security. Based in New York, it's one of the few exchanges to earn a BitLicense, allowing operations in the state. 

With its clean design and institutional-grade security measures, Gemini has carved out a niche among crypto enthusiasts.

Best For: Beginners to intermediate users.

Pros:

  • Regulated: Stringent compliance with U.S. regulations.
  • Security: Offers insurance on user deposits.
  • Clean UI: Simplistic and user-friendly design.

Cons:

  • Limited range of cryptocurrencies.
  • High fees compared to competitors.
  • Limited global availability.

Also Check - Gemini Latest Offerings

5. Huobi

Initially established in China in 2013 by Leon Li, Huobi has since expanded its operations globally. Renowned for its extensive list of available cryptocurrencies, it caters to both the Eastern and Western crypto markets. 

Despite regulatory hurdles in its home country, Huobi thrives due to its adaptability and forward-thinking approach.

Best For: Intermediate to advanced traders.

Pros:

  • Token Variety: Extensive range of cryptocurrencies.
  • Global Reach: Available in many countries.
  • Futures Trading: Offers derivatives and futures.

Cons:

  • Complex platform for newcomers.
  • Regulatory concerns in certain areas.
  • Some reports of poor customer service.

6. eToro

eToro, founded in 2007, initially started as a general trading platform but swiftly incorporated cryptocurrencies into its offerings. 

The platform is widely recognized for its user-friendly interface and "social trading" features, allowing users to mimic the trading strategies of established crypto traders.

Best for: Beginners and those interested in social trading.

Pros:

  • User-Friendly: Intuitive interface ideal for beginners.
  • Social Trading: Follow and replicate experienced traders' moves.
  • Diverse Portfolio: Offers a wide range of assets beyond just cryptocurrencies.

Cons:

  • Withdrawal Fees: Can be higher compared to other platforms.
  • Platform Limitations: Some advanced trading tools are lacking.
  • Crypto Ownership: Users can't transfer certain cryptos to external wallets.

Also Check - eToro Latest Offerings

7. Crypto.com

Emerging in 2016, Crypto.com has quickly established itself as a comprehensive crypto ecosystem. Beyond its exchange, it offers a popular mobile app, a Visa card program, and crypto lending services. Its mission is to accelerate the world's transition to cryptocurrency.

Best for: Those seeking a comprehensive crypto ecosystem, from trading to everyday spending.

Pros:

  • All-In-One Solution: From trading to spending, it covers a broad spectrum of crypto activities.
  • Competitive Rates: Offers some of the best staking and interest rates in the industry.
  • Security: Features ISO/IEC 27001:2013 certification and utilizes cold storage.

Cons:

  • Complex Fee Structure: With multiple services, the fee structure can be intricate.
  • User Experience: Some users report occasional app glitches.
  • Limited Trading Tools: More advanced traders might find the platform's tools insufficient.

8. OKX

OKX, founded in 2017 and based in Malta, has rapidly emerged as a dominant player in the crypto exchange space. Its diverse offering, from spot trading to futures trading, appeals to a broad range of traders. With a constant drive to innovate, OKX remains at the cusp of crypto trading technology.

Best For: Advanced traders.

Pros:

  • Variety of Services: Spot, futures, and margin trading available.
  • High Liquidity: Large trading volume.
  • Mobile App: Intuitive and feature-rich app for trading on-the-go.

Cons:

  • Overwhelming for new users.
  • History of freezing withdrawals.
  • Regulatory challenges in some regions.

9. KuCoin

Founded in 2017, KuCoin is often dubbed the "People's Exchange" due to its user-centric approach. With a vast array of tokens, especially new and emerging ones, the platform attracts both new and seasoned traders. 

Its native KuCoin Shares (KCS) not only provides trading discounts but also underscores its ambition in the crypto space.

Best For: Intermediate users.

Pros:

  • Range of Tokens: Numerous altcoins and newer tokens available.
  • KuCoin Shares: Their own token offers trading discounts.
  • User-friendly: Intuitive interface suitable for newcomers.

Cons:

  • Lacks regulatory clarity.
  • Limited fiat currency support.
  • Customer support can be slow.

10. Bitstamp

Bitstamp, founded in 2011 by Nejc KodriÄŤ and Damijan Merlak, stands as Europe's longest-standing crypto exchange. With a focus on simplicity and reliability, it has drawn a consistent user base.

As one of the first platforms to provide a gateway between fiat and crypto, Bitstamp holds a significant place in crypto history.

Best For: Intermediate users.

Pros:

  • Reputation: Trusted in the crypto community for years.
  • Security: Offers multisig wallets and two-factor authentication.
  • Fiat Support: Supports several major fiat currencies.

Cons:

  • Limited range of cryptocurrencies.
  • The Interface can feel outdated.
  • Slower verification process.

Frequently Asked Questions

Q1. How do crypto exchanges ensure the security of users' funds?

Most crypto exchanges implement a combination of cold and hot storage solutions. Cold storage means keeping a majority of the funds offline, away from potential online threats.

Q2. Are there differences in fees between these exchanges?

Yes, each exchange has its own fee structure which can vary based on factors like trading volume, type of transaction, and membership tiers. It's always recommended to check the exchange's official site for the most up-to-date fee information.

Q3. Can I trade on multiple exchanges simultaneously?

Yes, many traders use multiple exchanges to capitalize on arbitrage opportunities or to access different coins. However, managing assets on multiple platforms can be complex, so tools like portfolio trackers or aggregators can be useful.

Q4. What should I consider when choosing an exchange for staking or earning interest on my holdings?

When considering staking or interest, look into the offered rates, the reputation of the exchange, withdrawal conditions, and whether the platform uses insured or secured wallets. Not all exchanges offer these services, so research is crucial.

Q5. How do centralized exchanges differ from decentralized exchanges (DEX)?

Centralized exchanges are managed by companies that oversee the trading process, ensure liquidity, and hold users' funds. Decentralized exchanges operate without a central authority, facilitating peer-to-peer trades directly between users.

Q6. Why do some exchanges have a different price for the same cryptocurrency?

Prices can vary due to factors like trading volume, liquidity, regional demand, and the specific pairs being traded. Arbitrage traders often exploit these price differences by buying on one exchange and selling on another.

Q7. How do I know if a crypto exchange is available in my country?

Many exchanges provide a list of supported countries on their website. Additionally, regulatory news or local crypto communities can provide insights into which exchanges operate in specific regions.

Q8. Can I transfer my cryptocurrency holdings from one exchange to another?

Yes, you can transfer your holdings by using the withdrawal function on your current exchange and inputting the deposit address of your new exchange. Always double-check addresses and be aware of withdrawal fees.

Conclusion

Picking the right crypto exchange can greatly influence your trading and investing experience. Factors such as security, fees, ease-of-use, and token variety play a crucial role. 

Whether you're just starting out or are a crypto veteran, these ten exchanges offer a range of features to cater to your needs. 

Always ensure to do further research and consider your personal requirements before settling on an exchange. Remember, in the dynamic world of crypto, informed decisions are the best decisions.

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such.

Token Metrics does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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Introduction:
Decentralized Physical Infrastructure Networks (DePINs) are rapidly emerging as one of the most transformative sectors in the blockchain space. In 2025, projects like Andrena are pushing the boundaries of what’s possible by bridging real-world hardware with decentralized protocols. This blog takes a closer look at the DePIN thesis, Andrena’s approach, and why this project is on the radar of top investors and analysts.

What Is DePIN?

DePIN stands for Decentralized Physical Infrastructure Networks. It refers to blockchain-powered networks that coordinate real-world infrastructure using token-based incentives. Use cases include:

  • Wireless internet (e.g., Helium)
  • Sensor networks (e.g., WeatherXM)
  • Storage and compute (e.g., Filecoin, Akash, Arweave)
  • Energy grids (e.g., PowerPod)

In short, DePINs decentralize infrastructure deployment and management using blockchain-based coordination tools.

Why DePIN Matters in 2025

  1. Infrastructure Gaps: Billions remain unconnected to the internet or lack access to basic digital services. DePINs offer a way to close these gaps without reliance on centralized telecoms.
  2. Token Incentives for Network Participation: Hardware operators are rewarded for contributing bandwidth, compute, or coverage—creating a new economic model.
  3. Real-World Utility: Unlike speculative tokens, DePIN projects often provide visible, tangible value from day one.

Introducing Andrena: The Helium of the Internet?

Andrena is a DePIN project building a decentralized internet backbone through a combination of physical devices and blockchain protocols. The project is developing a hardware device called Black Box, expected to launch in July.

Key features:

  • Distributed, peer-to-peer wireless coverage
  • Web3 native incentives for node operators
  • No reliance on centralized ISPs
  • Tentative deployments in New York City, Mexico City, and Accra
  • Deep integration with Helium Network and its infrastructure

Andrena aims to give individuals and communities the power to run their own internet access points and be compensated in a decentralized system.

Why It’s Generating Buzz

Token Metrics researchers flagged Andrena as a top pick for long-term infrastructure exposure. Here's why:

  • Backed by Top VCs: In its upcoming Series B, Andrena is reportedly raising funds from major firms including Polychain Capital, Archetype, Wintermute, and Coinbase Ventures.
  • Mass Market Vision: The goal is not just to serve crypto-native users, but also everyday consumers who simply want affordable, decentralized internet access.
  • Multi-layered Integration: Andrena will offer both physical routers and a browser extension, enabling different levels of participation.

Strategic Partnerships and Rollout

The project is currently in soft-launch mode with localized pilots and is pursuing exchange listings later this year. While details remain limited, the focus is on building a global decentralized ISP layer—a radical shift from the existing internet access model.

Why Andrena Could Succeed Where Others Struggled

Previous attempts at decentralized internet often failed due to:

  • Poor hardware UX
  • Limited adoption outside of crypto users
  • Unclear monetization models

Andrena appears to be addressing these pain points with:

  • Consumer-grade devices
  • Partner integrations (e.g., Helium)
  • Clear token utility tied to network usage and coverage
  • A well-capitalized, experienced founding team

Risks and Unknowns

As with all early-stage infrastructure projects, there are risks:

  • Uncertain regulatory frameworks around ISPs
  • Capital intensity of hardware production and distribution
  • Network growth dependent on physical deployment
  • Limited token utility details at this stage

Investors and builders should stay informed as more information becomes public.

How Token Metrics Is Tracking DePIN Growth

The Token Metrics platform is actively monitoring the DePIN space through metrics such as:

  • TVL (Total Value Locked) in related ecosystems
  • Developer activity and GitHub velocity
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  • Fundamental and technical ratings

Projects like Andrena and its ecosystem partners are closely watched for early indicators of momentum.

Final Thoughts

DePIN is one of the most compelling frontiers in crypto. It offers real-world, real-time applications that go far beyond speculation. Andrena is at the center of this movement, blending telecom hardware, Web3 incentives, and global deployment.

While it's still early, the signs are promising. From reputable backers to ambitious global plans, Andrena is a project worth watching in 2025 and beyond.

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Introduction:
Even in a sluggish crypto market, meme coins continue to outperform many other asset classes. In 2025, these highly speculative assets are not only surviving—some are thriving. This blog examines the current state of the meme coin market, what’s driving the activity, and how on-chain data and crypto analytics can help decode the chaos.

Meme Coins: Still Relevant in 2025?

Despite a broadly bearish macro environment, meme coins remain among the few bright spots in the crypto market. In the latest Token Metrics research webinar, several meme tokens showed outsized returns, including:

  • Gorbagana – up over 50% in a day
  • Useless Coin – jumped 40% in 24 hours
  • Startup Coin – nearly 9x returns over the past month

These tokens operate at low market caps and often launch with little or no formal whitepaper or utility. However, the power of narrative, social engagement, and rapid speculation continues to drive short-term gains.

Why Meme Coins Are Performing in a Bear Market

1. Low Liquidity, High Volatility:
Small-cap meme tokens can easily generate parabolic moves with modest capital inflows.

2. Community-Led Narratives:
Tokens like Useless Coin and Startup thrive on viral momentum from crypto-native communities, particularly on X (Twitter) and Telegram.

3. Whale Activity as a Signal:
Token Metrics analysts observed that whales have been accumulating select meme coins. This isn’t an endorsement—but it’s a data point. Monitoring on-chain whale behavior offers clues about where smart money is moving.

The Gobagana Case Study

Gobagana was cited as a high-risk Solana fork with minimal public information, yet it rapidly gained traction. On-chain analysis revealed:

  • Whale wallets accumulating in the early phase
  • Early VC insiders (e.g., those connected to Big Brain VC) engaging with the token
  • Rapid social engagement despite a small follower base

The takeaway? Even opaque meme coins can trigger major rallies—particularly if accumulation patterns align with social volume.

Risk Management and Red Flags

The meme coin market is not without risk. The Token Metrics team emphasized several cautions:

  • Illiquidity: Many meme tokens have low volume and limited exchange listings.
  • Exit scams or soft rugs: Teams can abandon the project after price pumps.
  • Price discovery volatility: Tokens may have no clear valuation baseline and can retrace sharply.

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How to Track Meme Coins Like a Quant

Using crypto analytics platforms like Token Metrics can help make sense of meme coin volatility. Tools that help include:

  • Real-time sentiment analysis
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In 2025, data is more important than hype. While memes may dominate the narrative, only data reveals when the momentum shifts.

Meme Coins vs. Infrastructure Projects

Interestingly, while meme coins have been surging, many infrastructure or protocol tokens remain flat. This divergence suggests that retail attention is still focused on short-term speculation.

That said, once Bitcoin breaks key resistance levels, we could see capital rotate into AI, DeFi, and infrastructure themes. Meme coins may be the “canary in the coal mine” indicating renewed retail appetite.

Final Thoughts

Meme coins remain the wild west of crypto—but they aren’t going away. In fact, they’re becoming more sophisticated, with deeper liquidity pools, faster launches, and increased integration with social media bots and automated token creators.

As always, meme coin trading demands discipline, skepticism, and a robust toolkit. Watch the whales, follow the data, and never trade what you don’t understand.

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In the fast-paced world of cryptocurrency, discovering hidden gems—often called moonshots—can lead to life-changing returns. But the real challenge lies in separating hype from actual potential. In this guide, we’ll break down what crypto moonshots are, how they work, and how you can use Token Metrics to reliably find tokens with 100x upside.

What Are Moonshot Tokens?

The term moonshot comes from the idea of a crypto token “going to the moon,” or rapidly increasing in price. These are usually low-cap tokens with a compelling narrative, innovative technology, or early-stage market presence that give them high upside potential.

Key Characteristics of Moonshot Tokens:

  • Market Cap Below $50M – Smaller market caps have more room to grow.
  • High Risk / High Reward – Volatility is expected, but the upside can be enormous.
  • Early Entry – Timing matters. Getting in early before mainstream awareness is key.
  • Backed by Fundamentals – Even moonshots need solid technology, use cases, or backing.

How Do Crypto Moonshots Work?

Moonshots rely on the combination of innovation, market timing, and community adoption. They often start unnoticed, then experience exponential growth once crypto traders and influencers catch on.

The Lifecycle of a Typical Moonshot:

  1. Discovery Phase – A few savvy investors or analysts spot the token.
  2. Accumulation Phase – Early adopters buy in quietly, keeping prices low.
  3. Breakout Phase – News spreads, and trading volume spikes.
  4. Parabolic Run – FOMO (Fear of Missing Out) kicks in, driving price up rapidly.
  5. Profit-Taking or Collapse – Smart traders exit with gains; latecomers may be left holding the bag.

To avoid the trap of hype-driven tokens, it's essential to use data and analytics, not emotions. That’s where Token Metrics becomes your secret weapon.

How to Use Token Metrics to Find Monshots?

Token Metrics is an AI-powered crypto analytics platform that helps you discover high-potential tokens with real-time data, grades, and backtested indicators. Here’s a step-by-step guide to using Token Metrics to uncover 100x opportunities:

Step 1: Go to the Ratings Page

Start from the main dashboard of the Token Metrics app.

  • Navigate to the “Ratings” tab.
  • This page ranks thousands of tokens using AI-based Trader Grade and Investor Grade, factoring in technical indicators, on-chain metrics, sentiment, and more.

Pro Tip: Look for tokens with rising Trader Grades and strong historical performance.

Step 2: Click on the “Moonshots” Tab

Once you’re in the Ratings section:

  • Click the “Moonshots” tab at the top of the page.
  • This will filter the list down to tokens the AI model flags as having moonshot potential—i.e., tokens likely to perform exceptionally well in the short term.

These are automatically generated by Token Metrics AI models using over 80+ data points, including:

  • Price momentum
  • On-chain activity
  • Sentiment analysis
  • Volume spikes
  • Market structure

Step 3: Review Key Moonshot Metrics

Each Moonshot token is presented with a rich dataset to help you make informed decisions:

  • Trader Grade (with % change in past 24h or 7d)
  • 24H Trading Volume – Gauge market interest
  • Market Cap – Lower caps typically offer more upside
  • Date of Entry – See when the token was first flagged
  • Live ROI Since Moonshot – Know exactly how past picks performed

Bonus Feature: Toggle to “Past Moonshots” to review previous winners and assess the track record of the platform.

Step 4: Choose a Token to Explore

Click on any token in the Moonshots list to open its Token Details Page.

Here, you can:

  • Analyze real-time charts
  • Review fundamentals, like project utility, tokenomics, roadmap, and team
  • See top holders and whale activity
  • Examine price volatility and volume patterns

This is where research and intuition meet. Use the available data to decide if this token fits your risk tolerance and investment thesis.

Step 5: Buy in Seconds

Token Metrics makes the process seamless:

  • Just click the “Buy” button on the Moonshots page.
  • This opens a swap widget powered by integrated DEX aggregators.
  • Choose your wallet, approve the transaction, and you're done—no need to leave the platform.

This integration eliminates the hassle of going to third-party platforms to execute trades, saving time and reducing risk.

Why Use Token Metrics for Finding Moonshots?

Token Metrics isn’t just about flashy picks—it’s about using data science and AI to gain an edge.

Key Benefits:

  • AI-Driven Insights – No emotional bias; just pure data analysis.
  • Transparency – View past moonshot performance, live ROI, and update dates.
  • Speed to Trade – Instant buy options right from the dashboard.
  • Performance Tracking – Evaluate your results based on entry/exit signals.

Real Examples: Token Metrics in Action

  • Euler Finance was flagged as a Moonshot before its 30% rally—validated by a bullish AI signal.
  • Morpho gained traction after appearing in the Moonshots list, later becoming a top TVL gainer.
  • Hyperliquid made the list before capturing major perp trading market share.

By combining early AI alerts with your own due diligence, you can position yourself ahead of the crowd.

Final Thoughts

Finding the next 100x crypto gem doesn’t have to be a guessing game. While the crypto space remains volatile, tools like Token Metrics help stack the odds in your favor. From real-time ratings to instant buy options and performance metrics, you have everything you need to make smart, data-driven bets on the future of crypto.

So if you're serious about turning small investments into big wins, start using Token Metrics to uncover moonshots before they go mainstream.

Try Token Metrics today and unlock the power of AI-driven crypto investing.

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