Cryptocurrency Platforms Rating Methodology

Cryptocurrency Platforms Rating Methodology

We believe in transparency and objectivity, this is why we want you to know how we rate cryptocurrency platforms

Factor Weightings

Cryptocurrency platforms range from platforms that allow you to buy, sell and store cryptocurrencies to platforms that allow you to earn interest on your cryptocurrency holding.

We have taken into account six important factors into consideration. Each factor is weighted depending on how essential that factor is for the proper functionality of the cryptocurrency platform.

  • Security (Weight 15%)
  • Account and trading fees (Weight 35%)
  • Offerings (Weight 15%)
  • Features and tools (Weight 15%)
  • Customer support (Weight 15%)
  • Ease of use (Weight 5%)

Security (Weight 15%)

When it comes to security, we take into consideration a number of factors. The cryptocurrency platforms that offer the following security features will have the highest ratings:

  • Protection of customer data
  • Encryption for web platforms 
  • Two-factor authentication for web and mobile platforms
  • Biometric login for mobile apps
  • Cold storage for crypto assets
  • FDIC insurance
  • KYC standards
  • Ability to transfer crypto assets to an external wallet

Account and Trading Fees (Weight 35%)

Account fees refer to the fees required to maintain your account and execute orders. In general, the higher the fees, the lower the rating for this factor will be. These fees include but are not limited to;

  • Trading fees
  • Withdrawal fees
  • Deposit fees

Offerings (Weight 15%)

This refers to the number of digital assets offered and supported by the platform. The more assets supported, the higher the rating will be for a given platform:

  • Cryptocurrencies
  • Stablecoins
  • Crypto-to-crypto trading pairs

Features and Tools (Weight 15%)

This factor refers to the added features and tools a crypto platform makes available to its customers. The more features a crypto platform offers, the higher the ratings will be. Some of the features and tools we consider include:

  • Robust trading tools
  • Order types offered
  • OTC trading
  • Trading bot availability
  • Ability to earn interest on your crypto
  • Ability to access crypto loans
  • Access to NFTs
  • Ability to earn cash back on your crypto
  • Ability to pay and get paid in crypto
  • Margin trading
  • Derivatives trading
  • Digital wallet options
  • Ability to trade other assets (i.e., stocks, ETFs, etc.)

Customer Support (Weight 15%)

This factor takes into consideration how responsive a service provider is when it comes to supporting its customers. A cryptocurrency platform that offers the following support will have the highest rating:

  • Live chat for new and existing clients
  • 24/7 phone support
  • Support via email
  • Help center
  • Contact form
  • Ability to speak to a human and representative

Ease of Use (Weight 5%)

This refers to how easy a platform is to use for beginner investors. The easier a platform is to use, the higher the rating for this factor will be. We take into consideration the following factors:

  • Availability of web applications
  • Availability of mobile applications (iOS and Android apps)
  • Overall usability and ease of use of user interface of all portals

Product Updates

Cryptocurrency platforms reviews are performed annually; however, our team of writers and editors will make updates to the content throughout the year and as necessary to keep our reviews up to date. We also maintain contact with service and product providers to keep the information as current as possible.

Review Team

Our editorial team oversees all product reviews and follows strict editorial guidelines to ensure we remain objective with our reviews. You can learn more about our editorial team on our about us page and learn how we make money because we like being transparent with our readers.

We always welcome feedback. Contact us at [email protected].