| Exchange | Score | Fee | Withdrawal | License | Reserves | Trust Score | Volume | App Store | Tranco | Pairs | Coins | Verified | Bonus |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.3 / 10 =0 | 0.08% / 0.10%0.02% / 0.05% | ≈ $0.000007 | MiCA (Malta) |
$20.8B | 10 / 10 | $2.2B | ★ 4.68 | #2,572 | 1,210 | 303 | 10 Oct |
Open an account on OKX → 🎁 Up to 5,000 USDT
|
|
| 9.1 / 10 ▼-0.1 | 0.1% / 0.1%0.02% / 0.055% | $0 | MiCA (Austria) |
$12B | 8 / 10 | $2.6B | ★ 4.87 | #3,332 | 520 | 389 | 10 Oct |
Open an account on Bybit → 🎁 From 20 USDT
|
|
| 8.5 / 10 =0 | 0.1% / 0.1%0.02% / 0.05% | ≈ $0.01 | No MiCA (EU) |
$156.3B | 10 / 10 | $6.5B | ★ 4.85 | #717 | 1,372 | 519 | 10 Oct |
Open an account on Binance → 🎁 Up to $100 in vouchers
|
|
| 8.2 / 10 =0 | 0.1% / 0.1%0.01% / 0.055% | ≈ $0.1 | MiCA (Austria) |
— | 8 / 10 | $904M | ★ 4.77 | #20,327 | 799 | 325 | 10 Oct | ||
| 7.5 / 10 ▼-0.2 | 0% / 0.05%0% / 0.02% | $0 | No MiCA (EU) |
$5B | 9 / 10 | $977M | ★ 4.72 | #5,864 | 1,746 | 1,398 | 12 Oct |
Open an account on MEXC → 🎁 Up to $10,000
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| 7.4 / 10 ▲+0.1 | 0.20% / 0.20%−0.01% / 0.075% | ≈ $0.04 | MiCA (Malta) |
$6.7B | 10 / 10 | $2B | ★ 4.1 | #10,486 | 2,185 | 1,487 | 12 Oct |
Open an account on Gate.io → 🎁 Up to 135 USDT
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|
| 7.4 / 10 ▲+0.2 | 0.1% / 0.1%0.02% / 0.05% | ≈ $0.01 | MiCA (Austria) |
$1.1B | 9 / 10 | $393M | ★ 4.77 | #9,223 | 650 | 600 | 10 Oct |
Open an account on BingX → 🎁 Up to 11,205 USDT
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| 7.3 / 10 ▼-0.2 | 0.1% / 0.1%0.02% / 0.06% | ≈ $0.4 | MiCA (Austria) |
$3.3B | 8 / 10 | $1B | ★ 4.68 | #5,826 | 978 | 810 | 12 Oct |
Open an account on KuCoin → 🎁 Up to 10,650 USDT
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| 7.2 / 10 =0 | 0.40% / 0.80%0.02% / 0.05% | $0 | MiCA (Ireland) |
— | 10 / 10 | $1.7B | ★ 4.37 | #1,961 | 1,345 | 715 | 12 Oct | ||
| 7.2 / 10 =0 | 0.1% / 0.1%0.02% / 0.06% | ≈ $0.0057 | No MiCA (EU) |
$7B | 10 / 10 | $812M | ★ 4.5 | #3,961 | 3,669 | 816 | 12 Oct |
Hover any column header for a short explanation.
Exchange data comes from CoinGecko and is updated daily (latest: 4 November 2026, 09:02).
Reserves come from CoinMarketCap, are updated weekly, and are not available for every exchange.
The bonus shows the reward from the exchange’s sign-up page: it changes weekly, and the check date is in the tooltip.
Fees are shown for the base tier (VIP 0), with the check date in the cell tooltip.
A score appears only when all criteria are filled in, including the two I assess myself.
Full ranking methodology →
How to Read This Ranking
A crypto exchange isn’t a one-size-fits-all product. One wins on fees, another on coin selection, a third on how fast support actually answers. The table above isn’t a “best in the world” list. It’s a comparison across specific, checkable criteria: licensing, liquidity, fees, ease of use. The numbers come from public sources and registries, not from an exchange’s own marketing page.
Crypto regulation is still a patchwork almost everywhere, and a license from a recognized regulator (MiCA in the EU, for instance) is one of the only concrete things you can actually check, instead of taking an exchange’s homepage claims at face value. That’s where the methodology starts: verify the facts, then score.
A good exchange doesn’t guarantee a good app: the same service can be rated quite differently on the App Store and on Google Play. That’s why the apps get their own comparison, by store rating, update frequency and download size, in the crypto exchange apps ranking. It has no effect on the exchange scores above.
Frequently Asked Questions
What is a crypto exchange and how does it work?
A crypto exchange is a platform for buying, selling, and converting cryptocurrency into dollars, euros, or other coins. A centralized exchange matches buy and sell orders in a shared order book, and that’s the type I score in the eTop ranking. Unlike a decentralized exchange (DEX), a centralized exchange holds your funds in its own wallets and requires identity verification (KYC) before you can trade.
How do I pick a crypto exchange, and what gets scored?
Pick a crypto exchange based on whichever criterion matters most to you (fees, licensing, or coin selection), because no single exchange wins on everything at once. The eTop ranking weighs seven such criteria: licensing, Ukraine market support, fees, reputation, liquidity, ease of use, and coin selection. Five are calculated automatically every day from public data; two I assess myself, once a month and off-schedule when I learn of a major security incident. The full methodology, with the weight of each criterion, is on its own page.
Is there a demo account on any of these exchanges?
Yes. Demo trading with virtual funds is available on Binance, Bybit, OKX, Bitget, BingX, MEXC, Gate.io, and WhiteBIT, among others. It’s a way to learn the interface and order types without risking real money. Where to find it and how it works on each one is covered in that exchange’s own review page. Virtual funds can’t be withdrawn or used in real trades.
How is a centralized exchange (CEX) different from a DEX?
A centralized exchange (CEX) holds your funds in its own wallets and checks your identity through KYC before you trade, and every exchange in the eTop ranking is this type. A decentralized exchange (DEX) doesn’t hold funds and doesn’t require verification: you trade straight from your own wallet through a smart contract, and nobody fixes a transaction mistake for you. A CEX is usually easier for beginners and has deeper liquidity; a DEX gives you more privacy.
What is Trust Score, and how is it different from the score in the table?
Trust Score is CoinGecko’s independent assessment of an exchange’s liquidity and order-book reliability, and I don’t calculate it myself. In the eTop ranking, Trust Score directly makes up the Liquidity criterion (15% of the weight), not a separate score. The table shows it separately so that the original source stays visible.
Can I trust this ranking if you earn money from referral links?
Yes. Some of the referral links in the eTop ranking earn me money, and this is disclosed on the site. The size of that payment doesn’t affect any exchange’s score: the methodology’s criteria and formulas are public, the same for every exchange, and I don’t rewrite them after the fact for anyone’s benefit. If you ever see evidence otherwise, email support@etop.com.ua and I’ll look into it.
Which exchanges have the lowest trading fees on spot and futures?
MEXC has the lowest taker fee in this ranking on both spot (0.05%) and perpetual USDT futures (0.02%) at the base tier (VIP 0). Both sets of rates are in the table above: the Spot / Futures switch changes the Fee column. Futures trading with leverage can wipe out your whole deposit, and the trading fee is only part of the cost, since funding rates and withdrawal fees add to it.
Which exchange here has the highest trading volume?
Binance currently has the highest 24-hour trading volume in this ranking, around $6.5B, per CoinGecko. High volume usually means tighter spreads on large orders, but it is not the Liquidity criterion, which rests on CoinGecko’s Trust Score instead of raw volume.
How do you check if a crypto exchange is secure?
eTop does not test an exchange’s technical security. The ranking uses what can be checked from outside: whether the exchange is in a regulator’s register (MiCA in the EU, for example) and its CoinGecko Trust Score. Each review page also shows reference data that feeds into no score: reserves per CoinMarketCap, the SSL Labs grade and the Google Safe Browsing status. None of this guarantees that an exchange cannot be hacked.
How many crypto exchanges are there, and why does eTop only cover 10?
There are hundreds of crypto exchanges, more than one person can verify properly. eTop covers 10 so far, and each one goes through the same manual check before it is added: license status, fee structure and reserve data. More are added as time allows.
What does it mean if an exchange isn’t licensed under MiCA?
It means that exchange hasn’t registered with an EU regulator under the Markets in Crypto-Assets framework, which doesn’t necessarily mean it’s unsafe. MiCA is a relatively new, EU-specific license, and some large, long-running exchanges haven’t obtained it yet, often because they operate under other jurisdictions’ licenses instead. In this ranking, an unlicensed exchange scores lower on the Licensing criterion specifically, since a public regulator’s registry is one of the few things actually checkable from outside, but check that exchange’s own review page for its full license picture, not just the MiCA badge in the table.
Not Ranked: Closed and Sanctioned Exchanges
These exchanges aren’t part of the eTop ranking. No score, no review date, no referral links: just the facts, for reference.
- EXMO was added to the UK government’s sanctions list on 26 May 2026 and announced its closure on 14 July 2026. It said 29.4% of its obligations to clients could not be returned, because of frozen assets and unrecovered funds from its 2020 hack (sources: Chainalysis, EXMO announcement).
- HTX (Huobi) is still operating. On 26 May 2026 the UK government added Huobi Global S.A. (Panama), which is linked to the HTX exchange, to its sanctions list over Russia sanctions evasion (source: Chainalysis).