Best Crypto Exchanges in 2025: Complete Regional Guide

Introduction

With the decentralized nature of crypto, there are a lot of exchanges all over the world. And while some prefer using global platforms that seem to be present in almost every area of the world, this is far from the only approach. Different regions sometimes have different specific peculiarities when it comes to crypto exchanges. So the best crypto exchange in Europe won’t always be equivalent to the best US crypto exchange. To help you orient yourself in the expansive, geographically diverse world of crypto exchanges, we have prepared this guide for you.

Why You Might Want to Go for a Local Exchange

First, let’s talk about why you might want to search for a crypto exchange in a specific region. There might be more reasons to do so, but the main ones are as follows:

• Payment options. Depositing and withdrawing fiat money from an exchange might be difficult if you don’t have access to popular payment options, like PayPal or Visa/Mastercard. An exchange based in your region will probably support your local payment systems, like POLi in Australia, or UPI in India.
   
• Regulations. The regulations on crypto may wildly differ based on a region. Some countries have only begun to create a regulatory framework for crypto and some have already established rules that have to be followed if you do not want to get in legal trouble. To this end, it might be beneficial for you to choose an exchange that complies with your local regulations.
   
• Customer Support. When you try to reach customer support and sort out whatever problem you might have with your exchange, the language barrier might be extremely detrimental to your goals. Sometimes conveying your problem is hard enough, so the last thing you want is for some important details to get lost in translation. In this case, you might want to use your local exchange so you would literally have a common language with the support agent.
   
• Interface language. Some exchanges’ interfaces can become quite difficult, especially if you attempt to get into more advanced types of trading, such as futures. Some global exchanges have the option to switch the language on the platform, but it is not uncommon for the translation to be inaccurate or for the exchange’s website to have limited language options. Since your money is on the line, and the price of error is quite high, you might want to err on the side of safety and trade on a local exchange that primarily uses your native language.

With that out of the way, let’s start by talking about the USA and the best crypto exchanges in the USA.

USA

The USA is among the most developed markets for crypto. The exchange platforms here are highly regulated and generally secure (although this may vary from exchange to exchange). There is also a wide variety of platforms to choose from, so finding the best US crypto exchange might be a lengthy process highly dependent on your preference.

Legislation

US exchanges are subject to strict regulations by entities such as the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and the Financial Crimes Enforcement Network (FinCEN). The latter in particular requires exchanges to adhere to AML and KYC procedures. Besides federal regulations, certain states may implement their own legislation, so you should definitely check accordingly.

Taxation

All of your crypto transactions (including purchases, sales, and exchanges) must be reported to the IRS, including dates, amounts, and the value at the moment of payment. Since the US taxation system is complex, you might want to hire a tax professional to prevent trouble with the IRS.

Best Crypto Exchanges in the USA

1. Coinbase

Coinbase is one of the oldest and most well-known exchanges in the world. It’s user-friendly and the team places a strong emphasis on security. It also has a separate sub-platform aimed at pro traders, called Coinbase Pro. Given that states might have different legislation you might want to consider this New York-based platform as the best crypto exchange in New York.

2. Kraken

Kraken is a well-established and trusted cryptocurrency exchange known for its high security standards, a wide range of supported cryptocurrencies, and advanced trading features. Its regulatory compliance and robust customer support make it a solid choice for both individual and institutional investors.

UK

The UK crypto market is highly regulated. Best crypto exchanges in the UK balance innovation and consumer protection. The government is supportive of fintech and blockchain technology and aims to make the UK a global hub for crypto. As regulations continue to evolve, the market will likely become more stable and attractive for businesses.

Legislation

The primary body ruling over the UK's crypto exchanges is the Financial Conduct Authority (FCA). All crypto exchanges in the UK must register and implement AML and KYC procedures, as well as comply with anti-terrorist legislation. Under FCA exchanges must provide clear and fair information on all the risks of crypto trading.

Another important piece of legislation is the Economic Crime and Corporate Transparency Act (2023). Under it, the authorities have the power to seize crypto if it is linked to illegal or suspicious activity, including destroying the coins outright.

Another important consideration is that in 2021 the UK has placed a ban on trading crypto derivatives, such as futures and options. The aim of this ban is to protect investors from potential losses due to crypto derivatives’ high risk and vulnerability to market manipulations. The ban is placed on providing such services, not on using them, and yet you might not want to test your luck with derivatives in the UK.

Taxation

Profits from crypto trading are subject to Capital Gains Tax and should be reported accordingly. The tax rate depends on the volume of profits and the taxpayer’s income bracket.

Best Crypto Exchanges in the UK

1. Bitstamp

While Bitstamp was not originally headquartered in the UK, it maintains an office in London and has many customers in the UK. Bitstamp is a well-established and trusted cryptocurrency exchange. It follows regulations closely and adheres to high security standards. It has a wide area of presence that extends beyond the borders of the UK, so you might want to consider it if you are searching for the best crypto exchange in Ireland.

2. CEX.IO

One of the biggest UK-based exchanges, CEX.IO offers a sizable range of services including, but not limited to, spot trading, margin trading, and cryptocurrency staking. It’s fully compliant with FCA regulations while offering a wide diversity in supported coins.

Canada

Canada is supportive of cryptocurrency and the market is developing quickly. Since 2023 increasingly more Canadians have started to use crypto for various needs. Thanks to the clear regulations and government measures supporting innovation, there are multiple possible picks when you choose Canada’s best crypto exchange.

Legislation

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is the foremost legal authority on crypto in Canada. To operate, an exchange must be registered with FINTRAC and comply with AML and KYC procedures.

Another regulatory body is the Canadian Securities Administrators (CSA). It oversees the trading of securities (in Canada coins are considered securities) and ensures the security of investors. As such, margin trading is prohibited in Canada under CSA, because of its highly volatile nature. Another important restriction is trading stablecoins: Canadian exchanges are allowed to trade stablecoins if, and only if, they obtain specific permission from the governing body.

To be sure that your business is strictly above board, as a Canadian citizen you might want to choose the best crypto exchange in Canada among the list of exchanges registered with the Ontario Securities Commission (OSC). However, since the provinces may differ in regulation this might not be necessary if you do not reside in Ontario.

Taxation

The profits received by trading crypto are considered to fall under the capital gains tax. As such 50% of it is taxable and must be reported to the Canada Revenue Agency. The actual tax you will pay depends on your total income that year.

Best Crypto Exchanges in Canada

1. Bitbuy

Bitbuy (originally called InstaBit) is a Canadian-based exchange that is registered with OSC. It is securely regulated and transparent. Its primary focus is Canadians therefore it is centered around Canadian dollars for prices and deposits/withdrawals. Has a Pro Trade sub-platform aimed at traders. It is registered with OSC and has permission to trade stablecoins (USDC).

Do not confuse it with ByBit, which is completely another exchange that is derivative-based (and since it offers margin trading — not CSA compliant).

2. NDAX

Another Canada-based exchange NDAX is well suited for both beginners and experienced traders alike. As with most Canadian exchanges, the selection of coins is limited. But where it lacks in variety it makes up with active customer support and strong security. Please make note that it is not yet officially registered with OSC if you are a resident of Ontario.

Australia

The Australian crypto market boasts a well-regulated and clear environment of a more open nature than, for example, in Canada, so there is more variety in supported fiat currencies and traded coins with a particularly high availability for Australian Dollar. However, the less restrictive nature of Australian legislation means that aspiring traders need to exercise their judgment while dealing with more advanced financial instruments.

Legislation

Australian crypto exchanges are obligated to register with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This is a governing body that oversees AML and anti-terrorist measures.

Another authority is the Australian Securities and Investments Commission (ASIC). It governs the regulatory framework for products and services. To comply with ASIC each Australian exchange is required to obtain an Australian Financial Services License (AFSL) and commit to customer protection and fair market practices.

ASIC closely regulates futures and margin trading. Each compliant exchange has a mandatory user warning about the risks of trading crypto. Also, the amount of leverage is subject to regulation, therefore you probably won’t find an Australian exchange with crazy high leverage.

Taxation

Cryptocurrencies are counted as property according to the Australian Taxation Office. As such, any profits from trading crypto are taxable under the capital gain tax, as well as crypto mining and staking.

Best Crypto Exchanges in Australia

1. Swyftx

Swyftx is a highly popular beginner-friendly Australian platform. It is widely used in Australia and New Zealand thanks to its intuitive design, support for AUD and NZD, as well as fast and efficient Australian-based support. However, the focus on newcomers to crypto also means that there is no access to advanced trading options and certain altcoins. Still, there are significant additional features, such as tax reporting tools, portfolio tracking, and advanced charting tools.

2. CoinSpot

Coinspot on the other hand caters to the more advanced traders, who have some experience and value an abundant choice when choosing which coin to trade. Nevertheless, the interface is still clear and easily understandable. Still no margin or leverage trading, but CoinSpot offers crypto staking and features an NFT market.

India

Indian crypto exchanges differ from what we have already discussed quite a lot. As a newer crypto market, India is only developing its crypto practices and regulatory framework. Because of this, there are many risks but also some opportunities, should you find the best crypto exchange in India for yourself.

Legislation

Despite the government's work towards the regulated Indian crypto landscape, the legislation is still in its infancy. There is no central authority that oversees all of the crypto service providers, and the legal status of cryptocurrency is a subject of debate in many aspects.

This might prove especially difficult in the case of settling disputes concerning crypto coins since there is no clear legal framework for it. Trading crypto in India is significantly riskier than in well-regulated environments, such as Canada or the UK.

What’s certain is this:

1. Crypto is not recognized as legal tender in India. While nothing explicitly says that it is illegal to buy, sell, or hold crypto, no business is required to accept your coins as payment.
    
2. There is no specific legislation on how to trade cryptocurrency in India, so anything goes. This is very dangerous for investors since this increases the possibility of fraud, market manipulation, and security breaches.
    
3. For a while, it was illegal for banks to provide crypto services, but lately, this decision has been overturned.

Taxation

The tax on crypto gains is defined as 30% of the overall profits from trading cryptocurrency plus 1% tax for every transaction. The latter is called Tax Deducted at Source (TDS) in India and is applied only if the price of sold crypto assets exceeds 50000 Indian rupees (10000 in some cases) in a single year.

Also, non-trading income, such as staking or mining, falls under personal income tax.

Best Crypto Exchanges in India

1. CoinDCX

CoinDCX is one of the best crypto exchanges in India in terms of security. To create an account users have to pass several security checks, which include biometrics. The exchange offers staking, margin trading (up to 10x leverage) and futures (with up to 20x leverage), as well as lending coins. Has mobile apps with a number of additional features, including a news feed and a knowledge resource, called DCX Learn. Another security measure is that the users’ funds are insured by a third party.

2. WazirX

WazirX is an exchange headquartered in Mumbai. It does not offer margin or derivatives trading, instead focusing on P2P and spot trading. But what it does, it does well. The transactions are fast, P2P deposits have no fees, and the exchange has a mobile app with full functionality, advanced price charting, and instant price alerts. The exchange has its own coin, called WRX, that is traded for Bitcoin, Ethereum, and other currencies.

Europe

Europe’s crypto exchanges are the most diverse among all of the presented regions. This is no big surprise — the European Union has 27 country members, which have their own laws, regulations, financial institutes, and even languages. Suggesting an overall best crypto exchange in Europe is somewhat of a nonsense, given the sheer amount of details and specifics that would need to be considered. However, we will offer 2 more picks that can be considered strong choices and are prominent in Europe.

Legislation

The EU’s proposed head regulation on crypto is the Markets in Crypto-Assets (MiCA). Its aim is to provide a single cohesive framework to be shared by all EU members with an emphasis on transparency, consumer protection, stablecoin regulation, and market integrity. Each exchange is obligated to gain authorization under MiCA to provide crypto services.

What is important to understand is that MiCA was only recently adopted and will be implemented over the course of 2024. This might mean significant changes as MiCA compliance will be required from every exchange in the EU.

But for now the most important crypto regulation in the Virtual Asset Service Provider (VASP) framework. It has strict AML and KYC rules and is the most often adopted form of license by the best crypto exchanges in Europe.

Another piece of legislation that is important in the context of crypto in Europe is the General Data Protection Regulation (GDPR). It governs data protection and compliance with GDPR is required for any crypto exchange that is operating in the EU.

Taxation

Crypto taxes will highly vary depending on what EU country you are a resident of. The scope of the present guide does not allow for such an extensive topic, so, please, research the taxation of your country for yourself before starting trading. Or stay tuned — we might do a separate guide in the future!

Best Crypto Exchanges in Europe

While not based in Europe, many of the already mentioned exchanges maintain a significant presence in the EU. You might want to consider using Coinbase, Kraken, or Bitstamp since all of those exchanges have a license to operate in the EU.
However, if you want to have more options, here are two more possible candidates.

1. BitPanda

Austria-based trading platform Bitpanda offers not only crypto trading but also stocks and precious metals. This ability to diversify investors’ assets is further improved by the fact that BitPanda offers crypto index funds of 5, 15, and 25 coins with the highest market capital. The sub-service called Bitpanda Pro is aimed at high-volume traders. It offers more trading and analytical tools, as well as lower fees. Right now it is an Europe-only service with a particular presence around Austria, which makes it a contender for the title of the best crypto exchange in Germany.

2. Crypto.com

Crypto.com is Singaporean-based but regulated in Europe under VASP. It is mostly mobile app-oriented. Besides the usual buy-sell-store functionality, the exchange allows its users to take fiat loans, using their coins as collateral without credit checks. The exchange trades 169 coins and offers 349 trading pairs. Crypto.com has more trading volume than Coinbase, despite a relatively expensive fee (0.40%). The exchange supports derivatives trading with fees dependent on volume and staking of crypto.com's own coin — Cronos (CRO).

Other Regions

Here are our picks for the best exchanges in some other regions of the world.

Best Crypto Exchange in Southeast Asia

Bybit

Bybit has comparatively low fees, supports more than 400 coins, and has futures and margin trading. It is secure, highly liquid, and has advanced trading options like copy trading. Bybit's is licensed in Singapore but operates all over Southeast Asia.

Best Crypto Exchange in Middle East

BitGet

Supports most major fiat currencies in the region, has a strong committed presence in the Middle East, and native customer support. Has a lot of coins to choose from while boasting automated copy trader tools, and a variety of payment options, including third-party payment services.

Best Crypto Exchange in South Africa

VALR

VALR is a local South African exchange that supports ZAR as its fiat option. It offers spot trading, margin, and crypto futures. As a local service, it offers convenient payment options with local banks. Users also report the high response speed of the support team.

Best Crypto Exchange in Korea

UpBit

Stated by Forbes Adviser to be the 4th most trusted crypto exchange in the world, UpBit also has a high score of 7.8 on coinmarketcap.com, indicating the service’s high reliability, a wide selection of coins, well-regulated nature, and focus on transparency. The supported fiat is KRW, which is convenient for Korean residents.

Best Crypto Exchange in Japan

BitFlyer

Another exchange highly ranked by coinmarketcap.com. It is headquartered in Tokyo, but has a branch in the USA and is open for Europe traders as well. Its coin selection is on the smaller side, however strong compliance with Japanese, as well as US, regulations and an emphasis on security has made BitFlyer one of the biggest Japanese exchanges by trading volume.

Conclusion

These are our picks for the best regional exchanges. While these might be some of the best exchanges based on the outlined criteria, we strongly recommend you conduct your own research and carefully weigh your needs against the offered services and the legislations that are in place. Since you and only you hold responsibility for your funds, you should exercise your own judgment when you search for the best crypto exchange in the US, UK, Europe, or any other region.

Tips and Recommendations:

• None of the information above should be considered self-sufficient financial advice! This is simply an overview of the crypto exchanges by region, created for educational purposes. If you wish to partake in crypto trading of any type, do your own thorough research.
• Use data aggregators such as coinmarketcap.com, cryptocompare.com, and coingecko.com if you want to gain more insight into exchanges, coins, etc. While they may seem overwhelming at first, platforms like these are indispensable in gaining a broader numbers-based and unbiased market perspective.
• Do not rely on chatGPT or equivalent language models for financial advice. While these instruments might be useful in preliminary research, the world of crypto is evolving very fast and changes are occurring more frequently than chatGPT is updated. You might run into a situation when the generated info is outdated or simply wrong. It is always better to check the site of the exchange you are interested in.