Crypto Exchange 2025: Best Platforms, Risks, and What Actually Works

When you search for a crypto exchange 2025, a platform where you can buy, sell, or trade digital assets in the current year. Also known as crypto trading platform, it’s supposed to give you control over your assets with low fees, fast trades, and real liquidity. But in 2025, most so-called exchanges are either dead, fake, or hiding behind flashy websites with zero trading volume.

Many of the platforms you’ll see promoted online aren’t exchanges at all—they’re tokens with no users, no order books, and no team. Take GemSwap, a project once marketed as a decentralized exchange. As of October 2025, it has no circulating supply and zero trading activity. It’s not broken—it’s abandoned. Same with Greenhouse, a token that tricks people into thinking it’s a trading platform. It’s not an exchange. It’s a low-market-cap coin with no infrastructure behind it. And then there are the ones that look real but are dangerous: Lifinity, a Solana-based DEX with dangerously low volume and scammy mirror sites. Most users get burned trying to trade there. These aren’t outliers—they’re the norm.

Real crypto exchanges in 2025 have one thing in common: they’re transparent. RabbitX, a zero-fee, 50x leverage DEX built on Starknet, lists its trading pairs, shows live volume, and doesn’t require KYC. That’s the standard you should expect. Not hype. Not promises. Actual data. You’ll also find exchanges that force KYC, charge hidden fees, or vanish after a few months. That’s why reviews matter. You don’t just pick an exchange—you verify it.

What you’ll find below are real, verified breakdowns of exchanges that still work in 2025—and the ones that are just digital ghosts. Some are high-leverage futures platforms. Others are DEXs built for Solana or Starknet. A few are outright scams pretending to be real. Every post here is based on current data, not speculation. No fluff. No fake claims. Just what’s actually happening on the ground.