Top 11 Recommended Cryptocurrency Exchanges: Rankings and Beginner's Guide to Account Setup

Cryptocurrency trading requires opening an account on a cryptocurrency exchange. Cryptocurrencies are digital assets exchanged online, originally developed as payment methods but now widely traded for investment purposes.

This article covers:

• 11 recommended cryptocurrency exchanges (ranked)
• How to choose an exchange
• Risks and precautions

👉 Explore trusted crypto trading platforms

11 Recommended Cryptocurrency Exchanges: Ranked Comparison

Here’s a ranked comparison of the top 11 exchanges as of April 2025, based on:

• Number of supported coins
• Minimum trade amount
• Trading fees
• Deposit/withdrawal fees
• Services (e.g., staking, leverage)

1. GMO Coin: User-Friendly App for Beginners

| Feature | Details |
|------------------|----------------------------------|
| Supported Coins | 28 |
| Min. Trade | 100 JPY (~$0.70) |
| Fees | 0% (Maker: -0.01%; Taker: 0.05%)|
| Leverage | Yes (2x) |
| Best For | Easy-to-use mobile app |

Why Choose GMO Coin?

• Two app modes: Beginner-friendly and Advanced trader.
• Supports staking, lending, and recurring buys.

👉 Start trading with GMO Coin

2. SBI VC Trade: Versatile Trading Styles

| Feature | Details |
|------------------|----------------------------------|
| Supported Coins | 39 |
| Min. Trade | 500 JPY (~$3.50) |
| Fees | 0% (Maker: -0.01%; Taker: 0.05%)|
| Leverage | Yes (2x) |
| Best For | NFT trading, auto-investing |

Highlights:

• Supports NFT purchases and margin trading.
• Free deposits/withdrawals.

3. BitTrade: High Security for Risk-Averse Users

| Feature | Details |
|------------------|----------------------------------|
| Supported Coins | 42 |
| Min. Trade | 2 JPY (~$0.01) |
| Fees | 0% (all trades) |
| Security | 100% cold wallet storage |
| Best For | Secure asset management |

Key Perk:

• Zero hacking incidents since 2016.

4. BITPOINT: Low-Cost Trading

| Feature | Details |
|------------------|----------------------------------|
| Supported Coins | 29 |
| Fees | All fees free |
| Best For | Cost-conscious traders |

Why BITPOINT?

• No trading, deposit, or withdrawal fees.

5. Coincheck: Service-Oriented Platform

| Feature | Details |
|------------------|----------------------------------|
| Services | NFT marketplace, crypto utilities|
| Best For | Diverse crypto services |

Unique Offerings:

• Earn crypto via surveys and utility bill payments.

How to Choose a Cryptocurrency Exchange

Consider these 6 factors:

1. Low fees (avoid high spreads).
2. Supported coins (match your investment goals).
3. User-friendly tools (e.g., mobile apps).
4. High liquidity (ensures smooth trades).
5. Security (cold wallet storage, 2FA).
6. Customer support (local language/JPY support).

Risks and Precautions

• Price volatility: Crypto values can swing sharply.
• Security risks: Use exchanges with cold wallets.
• Taxes: Profits over 200,000 JPY are taxable.

Avoid overseas exchanges due to:

1. Higher hacking risks.
2. Lack of JPY/Japanese support.
3. No legal protection under Japanese law.

Account Setup Steps

1. Register (email/password).
2. Verify identity (ID + selfie).
3. Deposit funds.
4. Start trading.

👉 Secure your account today

FAQs

Q: Are there sign-up bonuses?
A: Yes! Exchanges like GMO Coin offer cashback or fee discounts for new users.

Q: Can I trade on mobile?
A: Yes—most exchanges have iOS/Android apps.

Q: What’s the difference between exchanges and brokerages?
A: Exchanges (peer-to-peer) have lower fees; brokerages (vs. platform) are simpler but costlier.

Q: Is crypto taxable?
A: Yes—declare profits over 200,000 JPY/year.

Final Tip: Diversify across 2-3 exchanges for better liquidity and service options.

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