Ratings methodology

How ratings are built

Each exchange receives scores across several weighted categories. Category scores combine into an overall rating from 1 to 5. We re-review providers periodically and when material changes occur (fees, licensing, incidents).

What we assess

• Fees — spot and futures maker/taker fees, spreads, and withdrawal costs.
• Security & trust — track record, custody practices, proof-of-reserves, and incident history.
• Liquidity — trading volume and market depth across major pairs.
• Regulation & availability — licensing, KYC requirements, and supported regions.
• Assets & products — number of supported coins and product breadth (spot, futures, staking, earn, etc.).
• User experience — platform quality, onboarding, funding options, and support.

Data sources

We use a combination of provider-published data, live market data from third parties (e.g. CoinGecko), public regulatory records, and hands-on assessment. Live figures can change; ratings reflect our assessment at the time of review.

Independence

Ratings are independent of any commercial relationship. Affiliate partnerships never affect scores or rankings — see our disclosure and editorial policy.

Feedback

Think a rating is wrong or out of date? Tell us — we review all substantiated feedback.