Best Cryptocurrency Exchanges for Trading in 2022

Best Cryptocurrency Exchanges for Trading in 2022

When selecting the best cryptocurrency exchange for your needs, it is critical to assess the coins, pricing, security, withdrawal options, and support, as we did when developing our list of the best exchanges for trading cryptocurrencies.

Read on to find out which bag (exchange) cryptocurrency is best suited for your requirements.

We have compiled a list of the best cryptocurrency trading platforms and cryptocurrency exchanges for 2022. These cryptocurrency trading platforms provide the best trading conditions.

Best Cryptocurrency Exchanges for Trading 2022

  • Huobi
  • Binance
  • eToro
  • stormgain
  • bybit
  • Coinbase
  • Bittrex
  • Coinmama

Huobi Exchange

Quick registration

Huobi is a global leader in the cryptocurrency industry with over 25 billion transactions on the platform every 24 hours.

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ABSTRACT

Huobi is a global leader in the cryptocurrency industry with over 25 billion transactions on the platform every 24 hours. Founded in 2013, Huobi has grown exponentially and is the 3rd largest exchange based on trading volumes. Platform users can access a variety of products and services to buy, trade, exchange, store, lend, earn, stake and sell digital currencies.

The exchange is suitable for individuals of all experience levels and has an advanced trading terminal with competitive fees of 0,2% per transaction.

The exchange serves tens of millions of users in over 195 countries worldwide with over 60 payment methods to convert fiat to cryptocurrency.

POSITIVE
  • Advanced user interface for serious cryptocurrency traders
  • Deep liquidity in its BTC/USD and ETH/USD trading pairs
  • Competitive trading fees of 0,2% per order
  • Lending and staking features to earn interest on cryptocurrencies
  • Supports soft staking of cryptocurrencies to earn passive rewards
NEGATIVE
  • Trading fee discounts and rebates are confusing
  • The mobile app has a history of bugs and intermittent issues
  • Not available in the United States or Canada

Binance

Quick registration

Using Binance's native cryptocurrency, the BNB, reduces fees by 25%.

92%
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ABSTRACT

Binance is a household name for anyone who has ever traded cryptocurrencies or was looking for the best cryptocurrency exchange. It's one of the dominant exchanges in the industry, and there are some good reasons for that.

For starters, Binance has some pretty high trading volumes. If you're a novice when it comes to encryption negotiation (or simply negotiation in general), you may not be aware how significant this point actually is!

See, if an exchange has some high trading volumes, that means people really trust the platform, and there are a lot of cryptocurrencies that go through it constantly.

POSITIVE
  • A well-known cryptocurrency platform
  • More than 100 different cryptocurrencies available for trading
  • Two-factor authentication
NEGATIVE
  • It can be a little difficult for beginners.

eToro

Quick registration

The broker's unique CopyTrader feature is as beneficial for traders as it is for newbies.

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ABSTRACT

The main strength of eToro is its simple and straightforward platform. Beginners can sign up for an account in just 10 minutes with its intuitive verification process. Once your account is opened, the user will have access to an easy platform for order opening, simple commissions and pricing information, with a busy social media network that can help you inform your trades.

The broker's unique CopyTrader feature is as beneficial for traders as it is for newbies. Experienced traders can share what they know with a wider audience (and earn some commission) while new users receive a dynamic, up-to-date template portfolio to start trading. Best of all, using the CopyTrader feature, there are no additional expenses beyond the standard spread you would pay to buy and sell.

There are some areas where eToro can improve. Currently, the platform only offers 1 route to contact customer support, and customers can wait for up to 1 week.

POSITIVE
  • Offers access to 17 cryptocurrencies.
  • Low minimum to fund an account and start investing.
  • Social trading: ability to match popular traders' moves.
  • Established internationally: Founded in 2007, eToro has over 20 million users
NEGATIVE
  • High non-commercial fees apply
  • There is a $5 withdrawal fee.
  • Only one base currency of the account used
  • high forex rates

stormgain

Quick registration

Register to start Bitcoin mining for free.

89%
PUNCTUATION
ABSTRACT

StormGain is a well-known broker that many traders prefer for several reasons: It comes with its own built-in wallet that supports multiple currencies; offers high leverage; and charges little in terms of fees and commissions.

StormGain, being an all-in-one platform, offers a wide range of advantages for every crypto trader. The Cloud Miner tool and the lucrative Loyalty Program are two of its many distinctive features.

As part of a loyalty program, StormGain offers deposit bonuses to all accounts, with benefits ranging from 5% for members, Gold to 20% for VIP 3 member.

Users can trade bonus funds but cannot withdraw them. They can also earn up to 12% interest on deposits, with rates starting at 3% for Gold members and up to 12% for VIP 3 members.

Previously, StormGain had a promo code for a 25 USDT no deposit bonus as well as a coin contest. Therefore, you should regularly check the platform for future promotional offers and competitions.

POSITIVE
  • Updated and user-friendly graphics interface for beginners
  • high leverage
  • Demo Account
  • Established USDT
  • Instant withdrawal processing
  • deposit bonus
  • Mining tool for cryptocurrencies
  • Low trading fees
NEGATIVE
  • Limited tools and research
  • Limited cryptocurrency pairs
  • 0,1 percent withdrawal fee for cryptocurrency

bybit

Quick registration

Buy and sell crypto seamlessly at the best available rate with our competitive market liquidity.

96%
PUNCTUATION
ABSTRACT

Bybit is a Singapore-based trading platform for cryptocurrency derivatives — the contracts that give you the right to buy or sell cryptocurrencies at certain prices in the future.

The Bybit platform is used by over 1,2 million traders. It is very simple to understand, hence the influx of people. With a little practice, you can learn the basics quickly and start making a profit.

Bybit is an attractive cryptocurrency derivatives exchange. The platform has some shortcomings, and its limited ability to convert fiat currencies to cryptocurrencies is a prime example.

But it also has many advantages, like cold wallet storage with multiple signatures. You will be able to trade with leverage and manage your positions with its user-friendly interface.

POSITIVE
  • Top 3 derivatives trading volumes
  • Currency and USDT Settled Contracts
  • Reduced risk of price manipulation and settlements
  • high bonuses
  • high leverage
  • Supports anonymity
NEGATIVE
  • A limited number of trading pairs
  • ByBit is not regulated

Bitfinex

Quick registration

Bitfinex is a Hong Kong-operated cryptocurrency exchange that has been in operation since late 2012.

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ABSTRACT

Bitfinex is an experienced Bitcoin exchange with a dark history of hacking and accusations. The exchange is suitable for sophisticated traders with both margin and loan trading options available.

Bitfinex accepts EUR, JPY, GBP and USD as fiat currency deposits. Deposits in fiat currency can only be made by bank transfer.

Tether, a quasi-fiat currency that is informally pegged to the US dollar price, is also supported by Bitfinex.

Bitfinex has the most liquid order book in the world. Traders value high volume because it guarantees a low spread, or the difference between the best bid and asking prices.

Bitfinex has a sophisticated and customizable user interface, 50+ trading pairs (e.g. BTC/LTC) and a variety of order types.

The user interface of the trading platform on Bitfinex can be customized. Advanced graphics capability and API access are also available. These elements combine to make it a popular Bitcoin exchange among experienced traders.

Bitfinex's P2P margin trading platform allows users to borrow and trade with up to 3,3x leverage. Loan terms can be set manually by the user or automatically by Bitfinex.

POSITIVE
  • Ethics - paid back all losses to traders who were hacked in 2016 on the exchange
  • High liquidity
  • Allows deposits and withdrawals by bank transfer
  • Suitable for experienced traders
  • Supports over 100 cryptocurrencies
  • demo account
  • investment programs
  • Leverage up to 1:10 (derivatives are up to 1:100)
NEGATIVE
  • High trading fees
  • Not a regulated exchange
  • The customer support team can only be contacted by email

Coinbase

Quick registration

Coinbase makes it easy to buy and sell the most popular cryptocurrencies.

94%
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ABSTRACT

If you've ever researched the best cryptocurrency exchanges, then undoubtedly Coinbase must have appeared on your radar quite often.

This also has a solid reason — Coinbase is often seen as the best place to buy cryptocurrency, no matter what the currency.

So what makes Coinbase so special? Well, it serves almost every essential part of a large cryptocurrency exchange.

Coinbase is very simple to use. The application and registration process is quick, and while you'll have to verify your identity, it doesn't take long either. Exchange keeps things very simple and, most importantly, minimal — it won't overwhelm you with a variety of different screens and interface features.

POSITIVE
  • Fiat coins - accepted
  • Simple to use
  • Accepts only the most trusted cryptocurrencies
  • very secure
NEGATIVE
  • Not available in all countries
  • Some of the lesser known coins are not supported.

Coinmama

Quick registration

CoinMama is a great Bitcoin broker that allows users to purchase coins with their credit or debit cards.

92%
PUNCTUATION
ABSTRACT

Coinmama is one of the names that tends to pop up frequently whenever you're looking for the best cryptocurrency exchange. While the exchange in question appears to be well rounded, in general there are a few things that stand out quickly.

Coinmama supposedly has one of the best customer support services on the market. This is rare and also much appreciated! Platform users report that the customer support is very friendly, but still very professional — you'll have all your questions answered, no problem!

The exchange is also user-friendly — the features are all straightforward and simple to find (and use, of course). Even if you're new to the industry, you shouldn't find yourself struggling to discover Coinmama's interfaces.

POSITIVE
  • High security levels
  • Helpful customer service
  • Friendly platform
  • Available in 188 countries and most US states
  • Credit / debit cards accepted
NEGATIVE
  • There is no way to call telephone support
  • Limited amount of cryptocurrencies

What is cryptocurrency?

Top 5 Cryptocurrency Wallets

A criptomoeda is a type of online payment that can be used to buy and sell products and services.

Many companies have created their own coins, known as Tokens, which can be exchanged for the goods or services that the company offers. To use the item or service, you will need to convert real money into cryptocurrency.

Blockchain is the technology that allows cryptocurrency to work. Blockchain is a decentralized system that handles and records transactions through numerous computers. The security of this technology is part of its attractiveness.

Should I trade cryptocurrencies?

There are many benefits to trading cryptocurrency. It is very accessible, anonymous and transparent.

Buyers can enjoy independence from centralized authorities and enjoy high potential for returns.

There are also some disadvantages to trading cryptocurrency. Most coins are extremely volatile, there are no government regulations controlling cryptocurrency (which can also be seen as an advantage) and there can be some security issues when using hot wallets.

We recommend trying cryptocurrency investments, but we don't recommend putting all of your net worth in coins.

How to start cryptocurrency trading?

  • Choose your exchange or broker.
  • Open an account. This will usually require an ID verification process, so you'll likely need to have your driver's license or passport on hand when you apply. We recommend that you apply through a mobile app, if available, as you may be required to provide a photo of your ID or face.
  • Deposit funds into your account. Most exchanges allow deposits in other currencies. Platforms that provide crypto wallets often allow digital assets to be deposited.
  • Search for the cryptocurrency of your choice.
  • Make a purchase. Select your source to pay for your cryptocurrency. Verify purchase and run.
  • In most cases, depending on your brokers, your cryptocurrency will be purchased immediately and available in your account.

Cryptocurrency exchanges vs. Bitcoin Brokers — What Should I Choose?

An exchange serves as an intermediary, facilitating trades in exchange for a fee. There are two well-known uses for cryptocurrency exchanges: buying cryptocurrencies using fiat currency and trading different cryptocurrencies against each other, or exchanging your Bitcoin for other currencies.

Different exchanges provide different trading pairs, so the trader should always make his own selection.

Consider an investor who puts money into an exchange to set an example for the reader. Before he can trade other cryptocurrencies, he can only employ USD-related pairs such as USD/BTC or USD/LTC.

Using a cryptocurrency exchange is a common way to trade cryptocurrencies and is especially beneficial for small amounts of money.

a broker, on the other hand, acts as an intermediary between traders and the market.

Simply put, a person using a broker to trade deposits money (or cryptocurrency) into the broker’s account and then gains access to the broker’s various products.

The trader does not need to use his own cryptocurrency or fiat currency to trade, but you can use a different trading pair.

The broker will select a counterparty to the transaction and, in some situations, may act as a counterparty and execute the transaction.

There are some important differences between exchanges and brokers. A cryptocurrency exchange will have a better choice of assets, direct exchange, specialized infrastructure and liquidity.

A broker will offer a variety of assets beyond cryptocurrencies, better regulation and advanced platforms.

In the end, your choice between exchanges and broker should come down to your unique use case and trading style.

 

Summarizing about best cryptocurrency exchanges for trading

Cryptocurrency exchanges and brokers are important for traders looking to enter the cryptocurrency market. Our top picks for the best cryptocurrency exchanges for 2022 include Coinbase, Binance, Bitfinex, Changelly, Coinmama, and eToro. However, our top choice would have to be Binance because of their reputation, low fees, and excellent variety of coins.

When selecting the best cryptocurrency exchange for your needs, it is critical to assess the coins, pricing, security, withdrawal options, and support, as we did when developing our list of the best exchanges for trading cryptocurrencies.Cryptocurrency exchange frequently asked questions

 

Why should I trade cryptocurrencies with a broker?
Most crypto investors still trade directly with exchanges, which can complicate the answer to this question. However, you should consider a broker when it comes to user experience. Most bitcoin exchanges are not designed with ease of use in mind. As a result, they have clunky interfaces, limited compatibility for third-party systems, and restricted customer service options. If you've ever tried to contact one of the larger hubs with an issue that required immediate attention, you've probably just gotten cliché email responses that looked like they were communicating with a cheap chat bot. A trusted broker should provide excellent customer service, so if you forget your password and don't receive a confirmation text message (2FA), you don't totally lose your account, as can happen with an exchange. While the cryptocurrency ecosystem is still evolving, online brokers have years of experience in trading, establishing platforms and providing ancillary services. A broker is the best option if you are used to trading on the charts, via a mobile app, or if you need all your EA robots for trading. Cyber ​​attacks, exit schemes and FBI withdrawals have been reported on cryptocurrency exchanges. While anyone can be hacked, having a broker you know and trust gives you some responsibility in case something goes wrong.
Can I trade in foreign currency?
If your broker allows it, yes. It all comes down to taking volatility into account. Day traders are looking for something different from long-term investors, who can simply buy an asset on an exchange, transfer it to a secure wallet, and store it. Volatility offers a number of smaller trading odds, which they try to exploit by risking a long-term position. As a result, both short-term and algorithmic Forex traders are drawn to crypto assets. The biggest fiat currency pairs have thousands of times less volatility than cryptocurrencies, so they cannot compete with the excitement of trading cryptocurrencies.
What should I consider before choosing a crypto trading platform or broker?
It is critical to distinguish between the services provided by cryptocurrency brokers and those provided by cryptocurrency exchanges. The location of your trading funds is determined by several criteria, including: — Types of Cryptocurrency Coins Available: Whether the cryptocurrency you wish to trade is available through a broker or an exchange. — Trading term: the period of time you intend to hold the position or cryptocurrency. — Ability to own tangible crypto: whether you want to own the currency or simply speculate on the price fluctuation. — Availability: Whether or not a broker or exchange is available in your home country.
How can I avoid cryptocurrency scams?
Certain types of scams are easier to recognize as cryptocurrencies age, but investors should always be cautious. Many attempts to defraud investors can appear to be legitimate services. Fake websites, social media platforms, phishing emails and unregulated exchanges are the most common Bitcoin scams.

 

 

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