Exchange reviews — every venue we have actually used, centralised and decentralised
Centralised exchanges — the ones for a first account
CEXBinance
Known for: Deepest spot order book on major pairs
Spot 0.1% / 0.1% · perps 0.02% / 0.05%
Read the review →
CEXOKX
Known for: Cleanest derivatives screen; lowest spot maker fee of the majors
Spot 0.08% / 0.1% · perps 0.02% / 0.05%
Read the review →
CEXBybit
Known for: Best demo account; readable derivatives
Spot 0.1% / 0.1% · perps 0.02% / 0.055%
Read the review →
Same numbers, side by side: the fee calculator runs your own size across all three; the matcher asks five questions and picks one; the first-account page says which we would open first and why.
Decentralised venues — when you would rather hold the keys
DEXHyperliquid
Known for: On-chain perpetuals L1; leverage checked only when the position opens; max 3–40x by asset
Spot 0.04% / 0.07% · perps 0.015% / 0.045%
Read the review →
DEXAster
Known for: Self-custody perpetuals with hidden orders; advertises up to 1001x
Fees: see the review
Read the review →
DEXpump.fun
Known for: Memecoin launchpad; nobody screens anything
Fees: see the review
Read the review →
DEXFOMO
Known for: Social memecoin trading app with leaderboards
Fees: see the review
Read the review →
Read DEX vs CEX first if you have never held a seed phrase; the DEX guide sorts venues by the job they do and says who should not use one yet.
Head to head
Binance vs Bybit
The deepest book against the best demo — which to open first.
OKX vs Bybit
The clean screen against the readable one, for a reader learning perpetuals.
Binance vs OKX
Depth or the 0.08% spot maker fee; for EEA readers only one is available.
DEX vs CEX
Who holds the keys, and everything that follows from it.
Every venue we track
20 exchanges in one sortable table — regular-tier fees with dated sources, leverage, identity rules, demo accounts and regional availability, for the venues we have reviewed and the ones we have only read. Filter by where you live before anything else.
How we review
Numbers with a date
Every fee, leverage cap and limit is read from the venue’s own pages without signing in, and the source and date sit next to it. If we could not read it, the cell is empty — not borrowed from another site.
Screens we opened
Verification, withdrawals, whitelist and anti-phishing settings, the TP/SL panel — read from the venue’s own help centre and written down with the exact labels. That is where the expensive surprises live, and no fee table shows them.
Who should not use it
Every review names the reader the venue is wrong for. A page that only praises is a thin affiliate page; a page that tells you when to walk away is one you can trust when it tells you to stay.
Which exchange should we review next?
We pick by demand. Name the venue you want opened screen by screen — and, if you like, why.
Requests are read weekly. We store the text you type and nothing else — no email needed.
Which exchange did you open your first account with? One tap — it helps the next reader see what people actually chose, not what a ranking says.
Counts come from readers of this site. They are a picture of who reads here, not a measure of which venue is better.