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11 Best Crypto Exchanges and Apps of December 2022

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Cryptocurrency trading has exploded in popularity, largely due to the rise in value and popularity of cryptocurrencies themselves. And while it can be intimidating at first, and although scams have occurred and continue to happen, today's best crypto apps, exchanges and platforms make buying and selling crypto simpler and clearer than it has been before.

There are several ways and places to invest in cryptocurrency. Our list considers crypto exchanges, platforms and online brokers that offer crypto, as well as cash and payment apps that let you buy and sell Bitcoin. Even those familiar with more traditional investing platforms should be mindful that crypto often comes with different fee structures, narrower customer service options and an increased role for the investor in security.

Best Crypto Exchanges and Apps

Our pick for

crypto exchanges

These are largely or entirely dedicated to the buying and selling of cryptocurrencies.

NerdWallet rating 

4.2

/5
Gemini
Learn more

on Gemini's website

Fees

0.5% - 3.49%

depending on payment method and platform

Account minimum

$0

Promotion

$20 of BTC

for new users after trading $100 or more within 30 days

NerdWallet rating 

3.5

/5
eToro
Learn more

on eToro's website

Fees

1%

for cryptocurrency

Account minimum

$0

Promotion

Get a $10 bonus

when you buy $100 worth of crypto (U.S. only).

Our pick for

online brokers

Several brokers offer cryptocurrency trading in addition to stocks, funds and other asset classes.

NerdWallet rating 

3.6

/5
Robinhood Crypto
Learn more

on Robinhood's website

Fees

$0

per trade

Account minimum

$0

Promotion

None

no promotion available at this time

NerdWallet rating 

3.9

/5
Webull Crypto
Learn more

on Webull's website

Fees

$0

per trade

Account minimum

$0

Promotion

Get $5 in Crypto

after opening a Webull account, activating crypto trading, and completing 1 crypto trade before 1/4/2023.

NerdWallet rating 

3.4

/5
TradeStation Crypto
Learn more

on TradeStation's website

Fees

0.30%

or lower for larger balances

Account minimum

$0

Promotion

Get $150 in Bitcoin

when you purchase or deposit $500 in Crypto. Offer Code: NERDAGCT.

NerdWallet rating 

3.3

/5
SoFi Active Investing Crypto
Learn more

on SoFi Invest's website

Fees

1.25%

per trade

Account minimum

$10

Promotion

Get up to $100 in crypto

with a qualifying first trade

NerdWallet rating 

3.3

/5
Firstrade Crypto

Fees

1%

Account minimum

$0

Promotion

None

no promotion available at this time

Want to compare more options? Here are our other top picks:

Buying crypto within cash and payment apps

A number of cash and peer-to-peer payment apps now allow users to buy and sell Bitcoin. On balance, these apps are more limited in what they offer than the exchanges and brokers above.

CashApp

CashApp, a peer-to-peer money transfer system run by Square, allows users to purchase and sell Bitcoin. Unlike other cash apps noted here, Cash App allows users to transfer their Bitcoin to their own cryptocurrency wallet. Cash App charges a fee depending on price volatility and market trading volume, which it reveals at the time of purchase.

PayPal

PayPal allows users to purchase and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Fees include an estimated 0.5% trading fee (this may vary depending on market conditions) and a tiered transaction fee that amounts to $2.49 for $200 in Bitcoin.

PayPal allows purchases to be made with crypto where available, but you will need to pay taxes on the sale of Bitcoin on top of any taxes related to the purchase of the goods or service.

Venmo

Venmo also offers Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Venmo, which is owned by the same company as PayPal, has a similar fee structure: estimated 0.5% trading cost, with a fee structure that amounts to $2.49 on a $200 purchase.

Last updated on December 1, 2022

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People often identify opening a savings account as their next money move.

SoFi Checking and Savings

5.0

NerdWallet rating 
SoFi Checking and Savings

APY

3.25%

With $0 min. balance for APY

Bonus

$250

Earn up to $250 with direct deposit. Terms apply.

at SoFi, Member FDIC

Discover Bank Online Savings

5.0

NerdWallet rating 
Discover Bank Online Savings

APY

3.00%

With $0 min. balance for APY

Bonus

$200

Requirements to qualify

at Discover Bank, Member FDIC

LendingClub High-Yield Savings

4.5

NerdWallet rating 
LendingClub High-Yield Savings

APY

3.60%

With $0 min. balance for APY

at LendingClub Bank, Member FDIC

Methodology

How do we review cryptocurrency platforms?

NerdWallet’s comprehensive review process evaluates and ranks platforms and companies that allow U.S. customers to buy and/or sell cryptocurrency. Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. We adhere to strict guidelines for editorial integrity.

We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The questionnaire answers, combined with demonstrations, interviews of personnel at the providers and our specialists’ hands-on research, fuel our proprietary assessment process that scores each provider’s performance across more than 20 factors. The final output produces star ratings from poor (one star) to excellent (five stars).

For more details about the categories considered when rating brokers and our process, read our full methodology.

To recap our selections...

NerdWallet's Best Crypto Exchanges and Apps of December 2022

Frequently asked questions