What is a crypto exchange?

A crypto exchange is a marketplace where you can buy and sell cryptocurrencies, like bitcoin, Ether or Dogecoin. Cryptocurrency exchanges work a lot like other trading platforms that you may be familiar with. They provide you with accounts where you can create different order types to buy, sell and speculate in the crypto market.

Which cryptocurrency exchanges have a low fee?

With this in mind we have included discount stock broker Robinhood and Fidelity on our list. Robinhood’s has zero fees on crypto transactions compared to Coinbase, which charges a $6 to $17 fee per $1,000 of bitcoin purchased (price takers). Most other crypto exchanges on our list charge transaction fees, ranging up to 0.2%.

Are cryptocurrency exchanges safe?

In general, cryptocurrency exchanges are not as secure or as closely regulated as other investment platforms. The crypto world has been subject to numerous frauds, scams, and bankruptcies. Most crypto platforms have an F rating from the BBB. But that doesn't guarantee whether the platform will be good for you.