The world of cryptocurrencies is simple, it relies on elements like security and trust. If you are just starting out or have been trading for some time, finding the right crypto exchange that will keep your public key safe is important. With the hackings and scams increasing in its quantity, it has become very crucial to choose a secure and best platform possible. According to Chainanalysis, $2.2 billion was stolen by hackers in 2024, with a 21.07% rise from last year.
In cooperation with Forbes, one of the most trusted media brands, a list of the top 10 Most Trust Crypto Exchanges is published based on criteria, such as safety, transparency and strength of the audits.
Now, we’re going through some of these exchanges, so you can make an informed decision if you wish to start trading or investing in crypto.
List of 10 Most Trustworthy Crypto Exchanges
10. Gemini
Gemini is one of the highest rated exchanges and was created in 2015 by the Winklevoss brothers who became famous for being involved in Facebook in its very early stages. The most important to differentiate Gemini is the dedication for safety and security. It was one of the first platforms to include private key storage and two layer password protection which made it difficult for the hacker to access. In the crypto world, Gemini has a good reputation for going extra lengths to secure its users. One of the reasons why Gemini is one of the most trusted platforms in the crypto world is that they have focused on security.
9. Deribit
It is a crypto exchange specializing in offshore derivatives. It’s famous for the option of enabling people to bet with leverage on price movements of Bitcoin and Ethereum. Deribit is a great platform for more experienced traders and was founded in 2016 in Dubai, although it operates from the Netherlands. However, the strength of its Bitcoin and Ethereum holdings score is strong, yet the strength of their audit is lacking, possibly meaning that it isn’t as transparent or secure as some other exchanges.
8. Bitget
The Seychelles based exchange addresses crypto trading and is known for its crypto copy trading platform that enables users to copy trades made by more experienced traders, among others. Bitget was founded in 2018 and provides spot and futures trading options. Bitget is a big user base and variety of services however has its weaknesses mainly on audit strengths. It may not be the most reliable when it comes to transparency, since it got a 0 in this area. While it doesn’t do so well by reputation, its popularity and the focus to help new traders still make it a ‘good’ platform in the crypto community.
7. Upbit
Upbit is a centralized exchange founded in 2017 and located in South Korea, by Song Chi hyung. Interestingly, Upbit has become famous by offering hundreds of cryptocurrencies to trade. It stands out being open with its operations and is highly rated for its transparency. Also Upbit is trusted in terms of the Bitcoin and Ethereum holdings carried out by it and got a good rating. Upbit is a great choice for new crypto traders due to its user-friendly platform and strong emphasis on transparency.
6. Bitbank
The next exchange is a centralized one and is known as Bitbank that is based in Japan. Bitbank was launched in 2016 and has always maintained good ranking for transparency as well as audit strength. People trust the platform due to its highly audited finances and crypto holdings. This has kept Bitbank on the top through compliance to regulatory requirements and strong security. If you want a solid exchange with a good track record it’s a decent option.
5. Robinhood
Besides being known for its easy to use stock trading platform, Robinhood also offers crypto trading. Robinhood may be known for its simplicity, but it has also drawn some flak on how it manages customer investments as well as its meme culture. As with Shiba Inu and Bitcoin, casual traders will appreciate Robinhood’s high focus on offering access to digital assets. However, as an advocate of low fees, it is not the best choice for those who weigh transparency higher than fee.
4. Binance
Famous and one of the biggest crypto exchanges, Binance came to be in 2017 by Changpeng Zhao. It is no secret that it is now a major exchange where buyers and sellers are able to purchase and sell cryptocurrencies, Bitcoin, Ethereum, and other altcoins. Although it does well in Bitcoin and Ethereum holdings, it is not transparent on some areas, most especially on audit strength. For users that want a wide selection of cryptocurrencies at the cost of a little bit more complexity with lower fees, Binance is the perfect choice.
3. Bitstamp
One of the oldest crypto exchanges and with a good reputation for being reliable and secure, Bitstamp was launched in 2011. The company is based in the UK and the company operates at a global scale. It is a platform that is well known for its transparency and audit strength, people will certainly trust investing in Bitstamp. If you wish to actively trade in the cryptocurrencies and are considering a platform which can be trusted and has a strong base, this is the best for you. It only adds to Bitstamp’s trustworthiness that it is strong with regards to compliance with global regulations, making it one of the best choices for investors.
2. Coinbase
In the United States, Coinbase is probably the most well known crypto exchange. This is a US crypto exchange and is the only publicly traded crypto exchange in the US. It is known for a user-friendly interface and high levels of security. The exchange is highly trusted because it has top notch transparency and regulatory compliance. The only drawback here is that Coinbase has higher fees than other exchanges. However, the extra cost of a regulated platform may be offset by the peace of mind and security of using one.
1. CME Group
Chicago’s CME Group, which is not a crypto exchange of the traditional ilk, is the focus point of everyone on this list. What you are dealing with is a large financial institution that specializes in futures trading of, among other things, cryptocurrencies. CME Group has a great record of safely keeping their clients based on high standards of regulation and compliance with CFTC regulations. With that said, it’s more focused on institutional investors, so it makes it one of the most trusted exchanges. CME Group is on top of Forbes’ list because of the company’s regulatory strength which offers a high level of security and stability to crypto space.
Final Thoughts
With the constantly growing and creating cryptocurrencies, selecting a trustworthy exchange now becomes more and more important. There are real scams and hacks to be worried about and you need to be careful as to where you choose to trade. The above listed exchanges are known for their activity of strong security measures, transparency and audit strength.
Regardless of whether you are an experienced trader or a beginner, these platforms are perfect for anyone who is interested in starting off their gateway into the crypto world.
After all, make sure that the platform you choose has a credible reputation for maintaining the safety of your assets.
