Review 2022: Pros, Cons and How It Compares could appeal to customers who are looking for a wide variety of cryptocurrencies, and who are comfortable carrying out transactions on a mobile device using traditional currency.
Feb 11, 2022

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Our Take


NerdWallet rating 

The bottom line: offers a massive selection of digital assets and has fees that can be quite low. Though it doesn’t support conventional crypto-to-crypto trading, advanced users may be interested in its DeFi offerings.
Varies by type of transaction; other fees may apply
Account minimum
no promotion available at this time

Pros & Cons


  • Large selection of crypto assets.

  • Fees are low if you fund your account with cash transfers.


  • Fees for credit and debit purchases are relatively high.

  • Some services not offered in the U.S.

  • No crypto-to-crypto trading.

Compare to Similar Brokers

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 



0.5% - 4.5%

varies by type of transaction; other fees may apply


0.5% - 3.99%

depending on payment method and platform

Account minimum


Account minimum


Account minimum




no promotion available at this time


Get $5 in Bitcoin

when you make your first trade. Terms Apply.


$20 of BTC

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

Get more smart money moves — straight to your inbox

Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.

Full Review

Where shines

Selection: With about 180 cryptocurrencies on its exchange, has a larger selection than any other service reviewed by NerdWallet.

Low fees with cash: There are no trading and transaction fees on if you make your purchase with money transferred in from your bank account via ACH, or automated clearinghouse, transaction.

Where falls short

High fees for credit or debit transactions: Fees for purchases made with a credit or debit card are quite high — it was 2.99% in late 2021. Though these fees can be avoided with some legwork, this has historically been the most convenient way to fund a account with cash.

In December 2021, said it had begun allowing instant ACH transactions. Previously, customers had to go through their banks to carry out ACH transfers or wire transactions, a complicated process that can take days.

No crypto-to-crypto trading: While the selection is large,’s U.S. offering lacks a key component that many of its competitors feature. No cryptocurrencies can be exchanged for one another on the platform, so if you want to, say, exchange your Bitcoin for Ethereum, you’ll need two transactions: one to sell the first cryptocurrency, and another to buy the second.

Some services unavailable in the U.S.: Singapore-based offers most of its services to U.S. customers through its mobile application, so you may be out of luck if you prefer to trade from your desktop. Also, some aspects of its exchange  — such as margin trading — are not offered to U.S. residents, and is not available at all in New York. is best for:

  • Mobile-first users.

  • Transactions with fiat, or traditional, currency.

  • DeFi, or decentralized finance, tokens. at a glance

Minimum trade

$1 for Bitcoin; other cryptocurrencies vary.

Trading and transaction fees

No trading fee, but transactions using credit/debit cards have 2.99% transaction fee.

Number of cryptocurrencies


Crypto-to-crypto trading pairs


Website transparency

On's website, you can easily find important information, including investment minimums, supported assets and how to close an account.

Can use your own digital wallet?


Mobile app's main app is available on iOS and Android, with an average rating of 4.3 stars.

Customer service offers only chat-based help for most issues.

More details about's ratings

Minimum trade

Minimum trades on vary based on the cryptocurrency being traded. For Bitcoin, the most valuable cryptocurrency, the platform adjusts the minimum regularly to keep it at the equivalent of $1.

Trading and transaction fees

The cost of using depends on how you choose to fund your account. The fee for credit card or debit transactions is 2.99%, which is on the high end of the transaction and trading fee structures on crypto exchanges reviewed by NerdWallet.

But it is possible to avoid these fees by transferring money into your account via ACH.

You’ll also pay a fee if you want to withdraw crypto from the platform. This fee depends on the type of cryptocurrency in question. For Bitcoin, the fee is 0.0004 BTC.

Number of cryptocurrencies has 180 cryptocurrencies available to U.S. customers, the highest number we’ve seen in exchanges reviewed by NerdWallet. But unlike with some competing exchanges, you must buy cryptocurrency on using fiat currency such as U.S. dollars.

Crypto-to-crypto trading pairs’s app does not allow U.S. users to exchange crypto assets for one another; there must be fiat currency on one side of every sale. There are some options for swapping certain tokens as part of’s DeFi Wallet app for more advanced users.

Digital wallet options and security allows users to connect multiple digital wallets to its service, and it also offers its own options for holding cryptocurrency. Among them is the DeFi Wallet, a separate app that allows users to earn rewards on tokens used in decentralized finance applications supported by blockchain networks.

If you choose to hold assets on the exchange, outlines several steps it has taken to protect customers. It says it holds clients’ cryptocurrency in “cold storage,” which means it cannot be easily accessed from the internet, making it less vulnerable to hackers. Fiat currency deposited onto the exchange is held in regulated bank accounts, according to

In the event of an incident or attack that compromises customers’ assets, the company says it has $750 million in insurance to cover losses.

Mobile app’s mobile applications are the primary way that customers in the U.S. can access its services, so if you want to use, you should make sure you like the way the app works on your phone.

The platform offers applications for iOS, which is a 4-star product, and Android, which is a 5-star product according to customer ratings.

The app can also connect to the separate DeFi Wallet app, the customer ratings for which average around 4 stars.

Customer support options primarily offers chat-based support. For some issues, such as account cancellation, the company says it will respond to email inquiries.

Other features you should know about

DeFi and staking: Several exchanges now offer users the ability to participate in crypto staking, which is a process available on some cryptocurrencies allowing owners to earn rewards by using their holdings to help run an underlying blockchain network.

But has some additional advanced features, especially when it comes to DeFi, or decentralized finance, which is a broad term that describes efforts to move traditional financial services onto blockchain networks. Users can also earn rewards by using their cryptocurrencies as part of decentralized lending programs.

To get these offerings, which also allow users to swap certain tokens for one another without the use of an exchange, you must use the DeFi wallet app. Each program has its own risks and benefits, so make sure you read up on how they work before you start.

NFTs: also offers a marketplace for NFTs, or nonfungible tokens. NFTs enable ownership of digital files such as visual art, music and videos, and some have sold for high prices as they have become more popular over the past year.

Notable creators on the platform include Snoop Dogg and the Aston Martin Cognizant F1 Team, which has sold NFTs of some of its racing highlight videos.

Is right for you? offers a massive selection of digital assets and has fees that can be quite low. Though it doesn’t support conventional crypto-to-crypto trading, advanced users may be interested in its DeFi offerings.

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 judgments 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). Ratings are rounded to the nearest half-star.

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